Trustmark (TRMK) investor relations material

Executive summary

• Net income for Q1 2026 was $56.1 million, with diluted EPS of $0.95, ROAA of 1.20%, and ROATE of 12.58%, reflecting continued loan and deposit growth, stable credit quality, and disciplined expense management.

• Noninterest income increased 2.7% sequentially, while noninterest expense remained flat; fee income and mortgage banking revenue contributed to growth.

• Maintained a strong capital position and continued share repurchases and dividends.

Financial highlights

• Loans held for investment increased $203.7 million (1.5% sequentially) and $636.5 million (4.8% year-over-year); deposits rose $212.7 million (1.4% sequentially) and $631.8 million (4.2% year-over-year), totaling $15.71 billion.

• Net interest income (FTE) was $163.5 million, with a net interest margin of 3.81% (unchanged sequentially, up 6 bps year-over-year).

• Noninterest income totaled $42.3 million (up 2.7% sequentially, 20.9% of total revenue); noninterest expense was $132.2 million (flat sequentially, up 6.6% year-over-year).

• Net charge-offs were $1.3 million (0.04% of average loans); provision for credit losses was $2.7 million.

• Tangible book value per share was $30.58, up 1.0% sequentially and 10.1% year-over-year.

Outlook and guidance

• FY 2026 guidance affirmed: mid-single-digit growth in loans and deposits (excluding brokered), stable securities, and net interest margin of 3.80%-3.85%.

• Net interest income, noninterest income, and noninterest expense all expected to increase mid-single digits year-over-year; provision for credit losses expected to normalize.

• Continued focus on organic loan growth, market expansion, M&A as a strategic option, and disciplined capital deployment.

• Management expects continued economic uncertainty due to geopolitical events, inflation, and energy prices.