Q4 2025 Trustmark Corp Earnings Call Transcript
Key Points
- Trustmark Corp (TRMK) achieved record net income of $224.1 million in 2025, with a diluted EPS of $3.70.
- The company's traditional banking business drove continued loan and deposit growth, maintaining a strong net interest margin and solid credit quality.
- Trustmark's Mortgage Banking business saw increased production and significant improvement in profitability.
- Revenue in the Wealth Management business reached an all-time high, contributing to overall financial success.
- The company repurchased $80 million of its common stock in 2025, returning approximately 61.8% of net income to shareholders.
- Trustmark Corp (TRMK) experienced a decline in its deposit base by $131 million or 0.8% linked-quarter, partly due to a decrease in public fund deposits.
- Noninterest expense increased by 5.5% from the prior year, indicating rising operational costs.
- Net charge-offs in the fourth quarter were $7.6 million, including a significant $5.9 million from one individually analyzed loan.
- The provision for credit losses in 2025 was $12.9 million, reflecting ongoing credit risk management challenges.
- The company's net interest margin slightly declined by 2 basis points linked-quarter, partly due to the accelerated recognition of capitalized costs from a 2020 sub debt issue.
Good morning, ladies and gentlemen, and welcome to Trustmark Corporation's fourth-quarter earnings conference call. (Operator Instructions)
As a reminder, this call is being recorded. It is now my pleasure to introduce Mr. Joey Rein, Director of Corporate Strategy at Trustmark.
Good morning. I'd like to remind everyone that a copy of our fourth quarter earnings release and the presentation that will be discussed this morning are available on the Investor Relations section of our website at trustmark.com. During our call, management may make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and we'd like to caution you that these forward-looking statements may differ materially from actual results due to a number of risks and uncertainties, which are outlined in our earnings release and in our other filings with the Securities and Exchange Commission. At this time, I'd like to introduce Duane Dewey, President and CEO of
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