Trustmark (TRMK) Q4 2025 earnings summary

Executive summary

• Achieved record net income of $224.1 million for 2025, with diluted EPS of $3.70, and record revenue of $799.8 million, reflecting strong profitability and operational execution.

• Fourth quarter net income was $57.9 million, with diluted EPS of $0.97, up 3.2% sequentially and 5.4% year-over-year.

• Loans held for investment grew 4.5% year-over-year to $13.7 billion, while deposits increased 2.6% to $15.5 billion.

• Continued focus on organic growth, talent acquisition, and disciplined capital deployment.

• Maintained solid credit quality and diversified loan and deposit portfolios.

Financial highlights

• Full-year revenue reached $799.8 million, a record, with fourth quarter revenue at $204 million.

• Net interest income (FTE) for 2025 rose 8.4% to $647.2 million, with a net interest margin of 3.80%, up 29 basis points year-over-year.

• Noninterest income for 2025 totaled $164 million, 20.5% of total revenue, up $7.6 million year-over-year.

• Noninterest expense for 2025 was $512.2 million, up 5.5% year-over-year.

• Tangible book value per share rose 13.5% year-over-year to $30.28.

Outlook and guidance

• 2026 guidance projects mid-single digit growth in loans and deposits (excluding brokered deposits), stable securities, and net interest margin in the 3.80%–3.85% range.

• Net interest income, noninterest income, and noninterest expense all expected to increase mid-single digits.

• Provision for credit losses expected to normalize, with net charge-offs projected at 13-15 basis points of average loans.

• Continued disciplined capital deployment, with focus on organic growth and selective M&A.

• Management plans to leverage technology investments to broaden reach, enhance customer experience, and improve efficiency.