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.

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

• Board increased quarterly dividend by 4.2% to $0.25 per share, raising the annual rate to $1.00.

• Repurchased 2.2 million shares, returning 61.8% of net income to shareholders via dividends and buybacks.

Financial highlights

• 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.

• Total revenue reached a record $799.8 million, with Q4 revenue at $204 million.

• Noninterest income for 2025 totaled $164 million, 20.5% of total revenue.

• Noninterest expense for 2025 was $512.2 million, up 5.5% from the prior year.

• Loans held for investment grew $584 million (4.5%) year-over-year; Q4 growth was $126 million (0.9%).

Outlook and guidance

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

• Noninterest income and expense both projected to increase mid-single digits.

• Provision for credit losses expected to normalize, with net charge-offs anticipated in the 13-15 basis point range.

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

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