Trustmark (TRMK) Q4 2025 Earnings Transcript

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Thu, April 23, 2026 astatine 10:58 AM CDT 23 min read

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Wednesday, January 28, 2026 astatine 9:30 a.m. ET

• Chief Executive Officer — Duane Dewey

• Chief Financial Officer — Thomas Owens

• Chief Credit and Operations Officer — Barry Harvey

• Chief Accounting Officer — Tom Chambers

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Duane Dewey: Thank you, Joey, and bully morning, everyone. Thank you for joining america again this morning. With maine are Tom Owens, our Chief Financial Officer; Barry Harvey, our Chief Credit and Operations Officer; and Tom Chambers, our Chief Accounting Officer. Trustmark's momentum continued to physique passim the year, resulting successful grounds net successful 2025. Our accepted Banking concern drove continued indebtedness and deposit growth, a beardown nett involvement borderline and coagulated recognition quality. Our Mortgage Banking concern achieved accrued accumulation and important betterment successful profitability, portion gross successful our Wealth Management concern reached an all-time high. In our presumption this morning, I volition supply a summary of our show and sermon guardant guidance earlier moving to your questions.

Now turning to Slide 3, our fiscal highlights. Our 4th fourth results reflected continued important advancement crossed the organization. Net income totaled $57.9 million, representing diluted EPS of $0.97 a share, up 3.2% linked-quarter and 5.4% year-over-year. For the afloat year, Trustmark achieved a grounds nett income of $224.1 million, representing diluted net per stock of $3.70. Net income from adjusted continuing operations accrued $37.8 cardinal oregon 20.3% successful 2025. This level of net resulted successful a instrumentality connected mean assets of 1.21% and a instrumentality connected mean tangible equity of 12.97%. From the equilibrium expanse perspective, loans held for concern accrued $126 cardinal oregon 0.9% linked-quarter and $584 cardinal oregon 4.5% year-over-year.

Our indebtedness portfolio remains good diversified by indebtedness benignant and geography. Our deposit basal declined $131 cardinal oregon 0.8% linked-quarter, driven successful portion by a alteration successful nationalist money deposits of $219 million. Year-over-year, deposits accrued $392 cardinal oregon 2.6%, driven by maturation successful commercialized and idiosyncratic balances of $568 million. The outgo of full deposits successful the 4th fourth was 1.72%, a alteration of 12 ground points linked-quarter. Our beardown cost-effective halfway deposit basal is simply a continuing spot of Trustmark. During the 4th quarter, we repurchased $43 cardinal oregon 1.1 cardinal shares of our communal stock. For the year, we repurchased $80 cardinal oregon 2.2 cardinal shares, which represented 3.5% of outstanding shares astatine year-end 2024.