TRMK

Trustmark has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 8.4% to $48.43 per share while the index has gained 11.7%. Is now the time to buy Trustmark, or should you be careful about including it in your portfolio? See what our analysts have to say in our full research report, it’s free. We’re passing on Trustmark for now. Here are three reasons why there are better opportunities than TRMK, plus one stock we’d rather own. Markets consistently prioritize net interest income over non-recurring fees, recognizing its superior quality compared to the more unpredictable revenue streams. Trustmark’s net interest income has grown at a 8.6% annualized rate over the last five years, slightly worse than the broader banking industry. Its growth was driven by both an increase in its outstanding loans and net interest margin, which represents how much a bank earns in relation to its outstanding loan book. Forecasted net interest income by Wall Street analysts signals a company’s potential. Predictions may not always be accurate, but accelerating growth typically boosts valuation multiples and stock prices while slowing growth does the opposite. Over the next 12 months, sell-side analysts expect Trustmark’s net interest income to rise by 4.1%, a deceleration versus its 9.9% annualized growth for the past two years. This projection is below its 9.9% annualized growth rate for the past two years. Analyzing the long-term change in earnings per share (EPS) shows whether a company’s incremental sales were profitable — for example, revenue could be inflated through excessive spending on advertising and promotions. Trustmark’s weak 3.9% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded. Trustmark’s business quality ultimately falls short of our standards. That said, the stock currently trades at 1.3× forward P/B (or $48.43 per share). This valuation multiple is fair, but we don’t have much faith in the company. We’re fairly confident there are better stocks to buy right now. Let us point you toward a top digital advertising platform riding the creator economy. ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+271% between June 2020 and June 2025). Find your next big winner with StockStory today.

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Trustmark (TRMK) is in focus after reporting second quarter 2026 results that combined higher net interest income and earnings with larger net charge offs, a maintained quarterly dividend, and continued share repurchases. See our latest analysis for Trustmark. Trustmark shares trade at US$47.45, with a 90 day share price return of 5.66% and a year to date share price return of 21.39%. This suggests that momentum has been building alongside higher net income, despite higher net charge offs and ongoing buybacks and dividends. If you are looking beyond regional banks for what could be moving next, this is a good moment to broaden your search and check out 18 top founder-led companies The recent move leaves Trustmark trading close to some valuation estimates while still at a sizable discount to others. The real question is where fair value sits inside that spread and how much of the recent earnings strength is already reflected. Trustmark trades in line with the most widely followed fair value estimate of $47.45, with that view built around steady growth, stable margins, and a specific earnings multiple in coming years. Read the complete narrative. Want to see what sits behind that tight valuation range? The narrative leans on moderate revenue growth, a slight margin reset, and a higher future earnings multiple. Curious which assumptions really carry the fair value story? Result: Fair Value of $47.45 (ABOUT RIGHT) Have a read of the narrative in full and understand what's behind the forecasts. However, Trustmark’s concentration in the Southeast and the risk of lagging in digital and M&A execution could challenge those fair value assumptions if conditions shift. Find out about the key risks to this Trustmark narrative. The first narrative framed Trustmark as fairly priced around US$47.45 using analyst assumptions on earnings, margins and a future P/E. A second lens tells a different story. Simply Wall St’s DCF model puts fair value at US$84.19, which is much higher than the current share price. If both methods are using the same cash flows but one points to a wide discount, it raises a practical question for you: Is the market rightly cautious about future banking returns, or is sentiment leaving too much value on the table? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Trustmark for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 55 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. The mixed signals around Trustmark can look confusing at first, so this is a good time to move quickly, test the numbers yourself and weigh the upside. To see what investors are optimistic about in the current setup, take a closer look at the 3 key rewards. Trustmark may fit your current thesis, but you do not want to stop there. Fresh ideas now can make a real difference to long term results. Target potential mispriced opportunities by scanning 55 high quality undervalued stocks that combine quality fundamentals with room for sentiment to catch up. Build a more resilient core by reviewing 81 resilient stocks with low risk scores that may help steady your portfolio when conditions change. Spot tomorrow's stories early by checking the screener containing 19 high quality undiscovered gems before they gain wider attention. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TRMK. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was characterized by the successful conversion of a 45-year-old legacy core deposit system to a modern vendor-supported platform, a multi-year effort intended to enhance customer experience and operational efficiency. Net interest margin expanded to 3.84% due to the strength of a low-cost deposit base and disciplined loan production, despite significant competitive pricing pressure in core markets. Credit quality improved meaningfully following the strategic sale of a $73.8 million delinquent mortgage portfolio, which reduced nonperforming assets by 47.3% and lowered the risk profile of the one-to-four family book. Loan growth was driven by $643 million in new originations and increased C&I line utilization, though net growth was tempered by $652 million in combined CRE prepayments and payoffs. Management attributed strong regional economic activity to unprecedented data center construction and manufacturing investments across the Mississippi and Alabama markets. Operating expenses increased slightly due to professional fees and data processing costs associated with the core migration and temporary staffing increases to support the transition. Management affirmed full-year 2026 guidance for mid-single-digit growth in loans and mid-single-digit growth in deposits excluding brokered deposits., assuming steady production pipelines and normalized payoff levels. Net interest margin is projected to remain between 3.80% and 3.85%, with near-term pressure from promotional deposit campaigns expected to be offset by a forecasted September rate hike and asset repricing. Efficiency gains are expected to materialize in the back half of the year as temporary conversion-related staffing (approximately 50-55 associates) is reduced through attrition and roles are repositioned. Capital deployment strategy prioritizes organic loan growth and share repurchases, with a renewed openness to M&A opportunities now that the technical core conversion is complete. Credit provision levels are expected to normalize in the second half of the year, trending closer to Q1 levels following the one-time release associated with the mortgage portfolio sale. A $73.8 million sale of delinquent mortgage loans resulted in a $3.2 million increase in net income as the existing reserve exceeded the credit discount. The exchange of Visa shares during the quarter generated a non-routine gain of $3.7 million net of taxes. The core system migration shifted the bank from a self-supported IT environment to a vendor-supported FIS solution, enabling future product flexibility and AI integration. Management identified $71 million in substandard credit exits during the quarter as a non-recurring headwind to net loan growth that improved overall portfolio health. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management explained that while reported growth was modest, adjusted growth was approximately $179 million to $180 million when excluding the mortgage sale and $71 million in intentional substandard credit exits. Confidence in mid-single-digit guidance stems from steady production pipelines and an expectation that payoffs will be 'less bumpy' without large strategic portfolio exits. The bank added 50-55 temporary associates for the conversion; management expects only 10-15 of these roles to become permanent, leading to immediate personnel expense reduction. With the technical lift of the conversion finished, the bank is shifting focus to AI initiatives and vendor-supported pricing mechanisms to drive future efficiencies. Management acknowledged that pricing competition is higher than expected, leading to promotional campaigns that will cause a few basis points of margin pressure in Q3. The bank is intentionally managing the loan-to-deposit ratio between 85% and 90%, using higher-cost deposits to replace other funding sources and support the bottom line. Management confirmed they are now 'fully considering' M&A options across all size ranges, noting that previous trepidation due to the core conversion has been resolved. The focus remains on disciplined acquisition that adds to the company's footprint in the dynamic Southeastern U.S. market.

Interested in Trustmark Corporation? Here are five stocks we like better. Trustmark reported second-quarter net income of $63.5 million, or $1.08 per diluted share; adjusted operating earnings were $56.7 million, or $0.97 per share, excluding two items that contributed $6.9 million. Loan and deposit growth lifted net interest income 3.1% sequentially, while the net interest margin expanded to 3.84%. Management maintained its outlook for mid-single-digit loan and deposit growth and a full-year margin of 3.80% to 3.85%. Credit quality improved sharply after the sale of delinquent mortgage loans, reducing non-performing assets to 0.39% of loans. Trustmark also completed its core systems conversion, repurchased $21.1 million of stock in the quarter and said it is more actively evaluating acquisitions. Trustmark (NASDAQ:TRMK) reported second-quarter net income of $63.5 million, or $1.08 per diluted share, as loan and deposit growth supported higher net interest income and the company completed a major core systems conversion. Results included two non-routine items that together added $6.9 million, or $0.11 per diluted share, to net income. Excluding those items, operating net income was $56.7 million, or $0.97 per diluted share, President and CEO Duane Dewey said during the company’s earnings call. → This Tiny AI Supplier Could Be More Important Than the Chipmakers The company sold $73.8 million of mortgage loans that were primarily three payments delinquent or non-accrual. The reserve associated with the portfolio exceeded the credit discount, producing a $3.2 million increase in net income. The transaction reduced non-performing loans by $47.1 million and lowered the risk profile of Trustmark’s one-to-four-family mortgage portfolio. Trustmark also recorded a $3.7 million after-tax gain from an exchange of Visa shares. Loans held for investment rose $35.1 million, or 0.3%, from the prior quarter and increased $448.2 million, or 3.3%, year over year. Excluding the mortgage loan sale, loans increased $108.9 million, or 0.8%, sequentially, and $522 million, or 3.9%, from a year earlier. → Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Chief Credit and Operations Officer Barry Harvey said Trustmark originated $643 million in new loans during the quarter and saw $456 million in line draws. Production was similar to the first quarter, he said, while utilization of commercial and industrial revolving lines rose to 38% at quarter-end from 32% at year-end. Loan growth was partly offset by $318 million of commercial real estate prepayments and $334 million of payoffs. Harvey said the company expects to meet its full-year target for mid-single-digit loan growth, although the pace will depend largely on scheduled and unexpected commercial real estate payoffs. → Innovative ETF Strategies That Are Paying Off This Summer Deposits grew $358.7 million, or 2.3%, from the first quarter, and increased $955.4 million, or 6.3%, year over year. The cost of total deposits declined 4 basis points sequentially to 1.59%. Net interest income on a fully tax-equivalent basis increased $5 million, or 3.1%, from the prior quarter. Trustmark’s net interest margin expanded 3 basis points to 3.84%. Chief Financial Officer Joe Bond said the company expects deposit pricing decisions and competitive conditions to create a few basis points of margin pressure during the third quarter. Trustmark expects that pressure to reverse in the fourth quarter, aided by repricing of fixed-rate loans and investment securities and a rate increase reflected in its forward curve for September. The company reaffirmed its full-year net interest margin outlook of 3.80% to 3.85% and its expectation for mid-single-digit growth in net interest income compared with 2025. Trustmark’s non-performing assets declined 47.3% during the quarter to 0.39% of loans held for investment. Reported net charge-offs totaled $7.5 million, but excluding the mortgage loan sale, net charge-offs were $1.2 million, or 0.03% of average loans. The net provision for credit losses was $6 million, excluding a $9.2 million provision release related to the mortgage sale. Management expects total provision expense, including off-balance-sheet credit exposure, to normalize in the second half at a level more consistent with the first quarter than the second quarter. Harvey said the lower level of nonperforming loans should reduce future charge-offs. He also said the company updates its expected-loss assumptions each quarter, meaning lower realized charge-offs could contribute to lower provisioning over time. Trustmark completed the conversion of its core deposit and related systems to new vendor-supported platforms during the second quarter. Dewey described the conversion as the culmination of years of planning, replacing a 45-year-old core system that had been self-supported for more than two decades. Non-interest expense increased $1.5 million, or 1.2%, from the prior quarter to $133.7 million. Salaries and employee benefits declined $1.3 million, while services and fees increased $1.8 million, primarily due to data-processing and professional fees related to the core conversion and data-center migration. The company added roughly 50 to 55 associates across its retail operation during the conversion to support customer interactions. Dewey said Trustmark expects staffing to trend lower over time, with approximately 10 to 15 of those positions potentially remaining permanent. Management said the new platform could allow Trustmark to reposition technology-support roles, reduce some positions over time through attrition, introduce new deposit pricing capabilities and pursue other efficiency opportunities. Dewey said the company has also developed plans for artificial intelligence initiatives, though it is too early to quantify their financial effects. Trustmark repurchased $40.9 million of common stock, or approximately 952,000 shares, during the first six months of 2026. That included $21.1 million, or about 475,000 shares, in the second quarter. Dewey said the company expects repurchases in the second half to be broadly in line with the roughly $20 million quarterly pace seen in the first half, subject to market conditions and other opportunities. The board declared a quarterly cash dividend of $0.25 per share, payable Sept. 15 to shareholders of record on Sept. 1. For 2026, Trustmark maintained guidance for mid-single-digit growth in loans held for investment and deposits excluding brokered deposits, while expecting securities balances to remain stable. Management said it remains focused on organic growth, possible market expansion, acquisitions and other corporate uses of capital. Dewey said that with the core conversion completed, the company is more actively evaluating merger-and-acquisition opportunities while maintaining a disciplined approach. Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark's offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing. In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Trustmark Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Trustmark Corp (NASDAQ:TRMK) reported strong financial performance with a net income of $63.5 million, reflecting a solid earnings per share of $1.08. The company successfully completed the conversion of its core deposit and related systems to state-of-the-art platforms, enhancing customer experience and operational efficiency. Loan production remained robust with $643 million of new originations in the second quarter, indicating strong demand and growth potential. Deposits expanded significantly by $358.7 million or 2.3% quarter-over-quarter, showcasing the company's ability to attract and retain customer funds. Credit quality improved meaningfully, with non-performing assets declining by 47.3%, reflecting effective risk management and a healthier loan portfolio. Despite strong loan production, the company faced challenges with payoffs and prepayments, which impacted net loan growth. There is expected near-term margin pressure due to increased deposit costs and strong pricing competition within the market. Non-interest expense increased by 1.2% quarter-over-quarter, driven by data processing expenses and professional fees related to the core deposit conversion. The company anticipates continued investment in technology and AI, which may lead to increased expenses in the short term. Trustmark Corp (NASDAQ:TRMK) faces uncertainties in the economic environment, which could impact future loan growth and deposit expansion. Warning! GuruFocus has detected 5 Warning Sign with TRMK. Is TRMK fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide more details on the loan growth and the factors affecting it? A: Barry Harvey, Chief Credit and Operations Officer, explained that despite strong loan production, payoffs and prepayments have impacted net loan growth. He noted that the bank had $643 million in new originations in the second quarter, but also faced $318 million in CRE prepayments and $334 million in payoffs. He expects loan growth to meet mid-single-digit targets for the year, with less volatility in the latter half of the year. Q: What is the outlook for the net interest margin (NIM) given current market conditions? A: Tom Owens, Chief Operating Officer, and Joe Bond, Chief Financial Officer, reaffirmed the guidance for NIM to be between 3.80% and 3.85% for the full year. They anticipate near-term margin pressure due to deposit funding decisions but expect this to be offset by repricing of fixed-rate loans and investment securities. A potential rate increase in September could also positively impact the margin in the fourth quarter. Q: How does the recent core conversion impact future efficiencies and expenses? A: Barry Harvey and Dwayne Dewey, President and CEO, highlighted that the core conversion to a vendor-supported system will allow for repositioning of jobs and potential reductions in staffing over time. This transition is expected to create efficiencies and enable the bank to offer new products and services. They also mentioned ongoing investments in technology and AI to drive future efficiencies. Q: What is Trustmark's current stance on M&A activities? A: Dwayne Dewey stated that with the core conversion complete, Trustmark is now fully considering M&A opportunities. The bank is seeing increased interest and discussions across various sizes and remains disciplined in pursuing deals that enhance the company. Q: How is the economic environment in the Gulf South impacting Trustmark's business? A: Dwayne Dewey noted that economic activity in the Gulf South, particularly in Mississippi, is robust, driven by data center builds and other manufacturing investments. This positive economic environment is reflected in increased line utilization and activity from municipalities, which bodes well for Trustmark's growth prospects. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Strong Performance Reflects Continued Loan and Deposit Growth, Enhanced Credit Quality, Expanded Net Interest Income and Continued Technology Investments JACKSON, Miss., July 28, 2026--(BUSINESS WIRE)--Trustmark Corporation (NASDAQGS:TRMK) reported net income of $63.5 million in the second quarter of 2026, representing diluted earnings per share of $1.08. Trustmark’s performance during the second quarter produced a return on average tangible equity (ROATE) of 14.08% and a return on average assets (ROAA) of 1.33%. Results in the quarter included non-routine transactions that collectively increased net income by $6.9 million, or $0.11 per diluted share. Excluding these items(1), operating net income totaled $56.7 million, which represented diluted earnings per share of $0.97 and produced a ROATE and ROAA of 12.59% and 1.19%, respectively. The Board of Directors declared a quarterly cash dividend of $0.25 per share payable September 15, 2026, to shareholders of record on September 1, 2026. Printer friendly version of earnings release with consolidated financial statements and notes: https://www.businesswire.com/news/home/20260728452940/en Non-Routine Transactions in the Second Quarter(1) Sold a portfolio of 1-4 family mortgage loans that were primarily three payments delinquent and/or nonaccrual totaling $73.8 million (Mortgage Loan Sale); the reserve on the portfolio exceeded the credit discount, which resulted in an increase in pre-tax income of $4.2 million ($3.2 million net of taxes); the sale drove a $47.1 million overall reduction in nonperforming loans Exchanged Visa Class B-2 shares for Visa Class B-3 shares and Visa Class C shares; Visa stock exchange resulted in a gain of $4.9 million ($3.7 million, net of taxes) Second Quarter Highlights Loans held for investment (HFI) increased $35.1 million, or 0.3%, from the prior quarter to $13.9 billion; excluding the Mortgage Loan Sale, loans HFI increased $108.9 million, or 0.8%, linked-quarter Credit quality improved as nonperforming assets declined 47.3% linked-quarter to represent 0.39% of loans HFI and loans held for sale (HFS) Deposits increased $358.7 million, or 2.3%, from the prior quarter to $16.1 billion while cost of total deposits declined 4 basis points linked-quarter to 1.59% Total revenue expanded $5.3 million, or 2.6%, linked-quarter to $208.2 million Net interest income (FTE) increased $5.0 million, or 3.1%, linked-quarter, producing a net interest margin of 3.84%, up 3 basis points from the prior quarter Noninterest expense increased $1.5 million, or 1.2%, linked-quarter to $133.7 million Duane A. Dewey, President and CEO, stated, "We continued to make significant progress in accomplishing our strategic initiatives in the second quarter. Loan production remained solid while loan growth was muted due to commercial real estate loan payoffs as well as the Mortgage Loan Sale in the second quarter. Deposit growth continued at attractive rates, which was reflected in our expanded net interest margin. Years of planning culminated in the second quarter with the successful conversion of our core deposit and related systems to state-of-the-art platforms which will allow us to enhance the customer experience and operate more efficiently. This was a tremendous effort, and I am extremely pleased with the commitment and dedication of our associates to make this transition as seamless as possible for our customers. Trustmark is well positioned to serve our customers and create long-term value for our shareholders." Balance Sheet Management Loans HFI increased $35.1 million, or 0.3%, during the quarter and $448.2 million, or 3.3%, year-over-year; excluding the Mortgage Loan Sale, loans HFI increased $108.9 million, or 0.8%, linked-quarter and $522.0 million, or 3.9%, year-over-year Deposits expanded $358.7 million, or 2.3%, linked-quarter and $955.4 million, or 6.3%, year-over-year Maintained strong capital position with CET1 ratio of 11.87% and total risk-based capital ratio of 14.47% Repurchased $40.9 million, or approximately 952 thousand shares, of common stock during the first six months of 2026, including $21.1 million, or approximately 475 thousand shares, in the second quarter Loans HFI totaled $13.9 billion at June 30, 2026, reflecting an increase of $35.1 million, or 0.3%, linked-quarter and $448.2 million, or 3.3%, year-over-year. The linked-quarter growth includes the Mortgage Loan Sale as well as the reduction in commercial real estate loans. The average balance of loans HFI in the second quarter was $13.9 billion, an increase of $152.8 million, or 1.1%, linked-quarter and $553.7 million, or 4.2%, year-over-year. Trustmark’s loan portfolio remains well-diversified by loan type and geography. Deposits totaled $16.1 billion at June 30, 2026, up $358.7 million, or 2.3%, from the prior quarter, which included noninterest-bearing deposit growth of $277.9 million. Year-over-year, deposits increased $955.4 million, or 6.3%. Trustmark continues to maintain a strong liquidity position as loans HFI represented 86.6% of total deposits at the end of the second quarter. Noninterest-bearing deposits represented 21.0% of total deposits at June 30, 2026. The average balance of total deposits in the second quarter was $15.8 billion, an increase of $169.1 million, or 1.1%, linked-quarter and $607.4 million, or 4.0%, year-over-year. Interest-bearing deposit costs totaled 2.00% for the second quarter, a decrease of 2 basis points linked-quarter while the cost of total deposits was 1.59%, a decrease of 4 basis points from the prior quarter. During the second quarter, Trustmark repurchased $21.1 million, or approximately 475 thousand of its common shares. During the first six months of 2026, Trustmark repurchased $40.9 million, or approximately 952 thousand common shares. As previously announced, Trustmark’s Board of Directors authorized a stock repurchase program effective January 1, 2026, under which $100.0 million of Trustmark’s outstanding shares may be acquired through December 31, 2026. The repurchase program, which is subject to market conditions and management discretion, will continue to be implemented through open market repurchases or privately negotiated transactions. At June 30, 2026, Trustmark’s tangible equity to tangible assets ratio was 9.59%, while the total risk-based capital ratio was 14.47%. Tangible book value per share was $31.07 at June 30, 2026, an increase of 1.6% from the prior quarter and 8.1% from the prior year. Credit Quality Nonaccrual loans declined 48.7% linked-quarter to $49.7 million, driven by the Mortgage Loan Sale Net provision for credit losses was $6.0 million in the second quarter, excluding the $9.2 million release in the provision related to the Mortgage Loan Sale Net charge-offs totaled $7.5 million for the second quarter; excluding the Mortgage Loan Sale, net charge-offs totaled $1.2 million and represented 0.03% of average loans Allowance for credit losses (ACL) represented 1.07% of loans HFI and 797.98% of nonaccrual loans, excluding individually analyzed loans at June 30, 2026 Nonaccrual loans totaled $49.7 million at June 30, 2026, down $47.1 million from the prior quarter. Other real estate totaled $5.2 million, reflecting a decrease of $2.1 million from the prior quarter. Collectively, nonperforming assets totaled $54.9 million at June 30, 2026, down $49.2 million, or 47.3%, from the prior quarter and represented 0.39% of loans HFI and HFS. The total provision for credit losses for loans HFI was a negative $4.8 million in the second quarter. Excluding the Mortgage Loan Sale, the provision for credit losses for loans HFI was $4.5 million and was primarily attributable to an increase in required reserves on individually analyzed loans, loan growth, and changes in the macroeconomic forecast partially offset by positive credit migration. The provision for credit losses for off-balance sheet credit exposures was $1.5 million, primarily driven by changes in the macroeconomic forecast. Collectively, the provision for credit losses, excluding the Mortgage Loan Sale, totaled $6.0 million in the second quarter compared to $2.7 million in the prior quarter and $4.7 million in the second quarter of 2025. Allocation of Trustmark’s $148.2 million ACL on loans HFI represented 0.90% of commercial loans and 1.63% of consumer and home mortgage loans, resulting in an ACL to total loans HFI of 1.07% at June 30, 2026. Management believes the level of the ACL is commensurate with the credit losses currently expected in the loan portfolio. Revenue Generation Net interest income (FTE) totaled $168.6 million in the second quarter, up $5.0 million, or 3.1%, linked-quarter Net interest margin totaled 3.84% in the second quarter, up 3 basis points from the prior quarter Wealth management revenue expanded 5.1% linked-quarter to $10.9 million Revenue in the second quarter totaled $208.2 million, an increase of 2.6% from the prior quarter. The linked-quarter increase reflects growth in net interest income and noninterest income. Net interest income (FTE) in the second quarter expanded to $168.6 million, resulting in a net interest margin of 3.84%, up 3 basis points from the prior quarter. The expansion of the net interest margin was primarily due to the decrease in the cost of interest-bearing liabilities. Noninterest income in the second quarter totaled $42.6 million, an increase of $226 thousand, or 0.5%, from the prior quarter. Wealth management revenue in the second quarter totaled $10.9 million, an increase of $529 thousand, or 5.1%, from the prior quarter and $1.3 million, or 13.3%, year-over-year. The growth linked-quarter and year-over-year reflected increased trust management and brokerage services revenue. Mortgage loan production in the second quarter totaled $477.0 million, up 27.2% from the prior quarter and up 11.9% year-over-year. Mortgage banking revenue totaled $8.9 million in the second quarter, virtually unchanged linked-quarter and an increase of $312 thousand year-over-year. The year-over-year increase was principally attributable to increased mortgage servicing revenue and improved net hedge ineffectiveness, offset in part by reduced gain on sale of loans, net. Bank card and other fees totaled $8.7 million in the second quarter, up $755 thousand from the prior quarter principally due to increased interchange, ATM and customer derivative revenue. Year-over-year, bank card and other fees were unchanged. Service charges on deposit accounts totaled $10.4 million in the second quarter, down $279 thousand, or 2.6%, linked-quarter and $210 thousand, or 2.0%, year-over-year. Other, net totaled $3.6 million, down $759 thousand linked-quarter reflecting reduced cash management revenue. Year-over-year other, net increased $1.3 million reflecting increased investment partnership revenue. Noninterest Expense Total noninterest expense increased $1.5 million, or 1.2%, linked-quarter Salaries and employee benefits expense declined $1.3 million, or 1.7%, linked-quarter Occupancy expense declined $98 thousand, or 1.3%, linked-quarter Services and fees increased $1.8 million, or 6.5%, linked-quarter Noninterest expense in the second quarter totaled $133.7 million, an increase of $1.5 million, or 1.2%, from the prior quarter and $8.6 million, or 6.8%, year-over-year. Salaries and employee benefits expense totaled $73.0 million in the second quarter, a decline of $1.3 million, or 1.7%, linked-quarter and an increase of $4.7 million, or 6.9%, year-over-year. The linked-quarter decline reflected a seasonal decrease in payroll taxes and stock compensation expense, which were offset in part by increased commissions and compensation expense. Services and fees in the second quarter totaled $29.7 million, an increase of $1.8 million, or 6.5%, from the prior quarter and $2.8 million, or 10.2%, year-over-year. The linked-quarter increase is attributable principally to data processing expense and professional fees. Total other expense in the second quarter was $16.0 million, an increase of $801 thousand, or 5.3%, linked-quarter and a decline of $155 thousand, or 1.0%, year-over-year. The linked-quarter change is attributable to increased other real estate expense, loan expense and other miscellaneous expense offset in part by a decrease in FDIC assessment expense. Additional Information As previously announced, Trustmark will conduct a conference call with analysts on Wednesday, July 29, 2026, at 8:30 a.m. Central Time to discuss the Corporation’s financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, August 12, 2026, in archived format at the same web address or by calling (855) 669-9658, passcode 9353550. Trustmark is a financial services company providing banking and financial solutions through offices in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Forward-Looking Statements Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by words such as "may," "hope," "will," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "predict," "project," "potential," "seek," "continue," "could," "would," "future" or the negative of those terms or other words of similar meaning. You should read statements that contain these words carefully because they discuss our future expectations or state other "forward-looking" information. These forward-looking statements include, but are not limited to, statements relating to anticipated future operating and financial performance measures, including net interest margin, credit quality, business initiatives, growth opportunities and growth rates, among other things, and encompass any estimate, prediction, expectation, projection, opinion, anticipation, outlook or statement of belief included therein as well as the management assumptions underlying these forward-looking statements. You should be aware that the occurrence of the events described under the caption "Risk Factors" in Trustmark’s filings with the Securities and Exchange Commission (SEC) could have an adverse effect on our business, results of operations or financial condition. Should one or more of these risks materialize, or should any such underlying assumptions prove to be significantly different, actual results may vary significantly from those anticipated, estimated, projected or expected. Risks that could cause actual results to differ materially from current expectations of Management include, but are not limited to, actions by the Board of Governors of the Federal Reserve System (FRB) that impact the level of market interest rates, local, state, national and international economic and market conditions, conditions in the housing and real estate markets in the regions in which Trustmark operates, conditions and changes, including volatility, in the credit and financial markets, changes in the level of nonperforming assets and charge-offs, an increase in unemployment levels, a slowdown in economic growth, changes in our ability to measure the fair value of assets in our portfolio, changes in the level and/or volatility of market interest rates, the impacts related to or resulting from bank failures and other economic and industry volatility, including potential increased regulatory requirements, the demand for the products and services we offer, potential unexpected adverse outcomes in pending litigation matters, our ability to attract and retain noninterest-bearing deposits and other low-cost funds, competition in loan and deposit pricing, as well as the entry of new competitors into our markets through de novo expansion and acquisitions, changes in accounting standards and practices, including changes in the interpretation of existing standards, that affect our consolidated financial statements, changes in consumer spending, borrowings and savings habits, technological changes, changes in the financial performance or condition of our borrowers, greater than expected costs or difficulties related to the integration of acquisitions or new products and lines of business, cyber-attacks and other breaches which could affect our information system security, natural disasters, environmental disasters, pandemics or other health crises, acts of war or terrorism, potential market or regulatory effects of the current United States presidential administration’s policies, changes to the credit rating of U.S. Government securities and other risks described in our filings with the SEC. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Except as required by law, we undertake no obligation to update or revise any of this information, whether as the result of new information, future events or developments or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260728452940/en/ Contacts Trustmark Investor Contacts: Joseph E. BondTreasurer and Principal Financial Officer601-208-7298 F. Joseph Rein, Jr.Executive Vice President601-208-6898 Trustmark Media Contact: Melanie A. MorganExecutive Vice President601-208-2979

Trustmark (TRMK) came out with quarterly earnings of $0.97 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this holding company for Trustmark National Bank would post earnings of $0.87 per share when it actually produced earnings of $0.95, delivering a surprise of +9.2%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Trustmark, which belongs to the Zacks Banks - Southeast industry, posted revenues of $211.13 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.06%. This compares to year-ago revenues of $201.3 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Trustmark shares have added about 18.9% since the beginning of the year versus the S&P 500's gain of 8.3%. While Trustmark has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Trustmark was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.00 on $215 million in revenues for the coming quarter and $3.92 on $847.67 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Inter & Co. Inc. (INTR), another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +30.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Inter & Co. Inc.'s revenues are expected to be $511.81 million, up 44.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Trustmark Corporation (TRMK) : Free Stock Analysis Report Inter & Co. Inc. (INTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Trustmark (TRMK) reported $211.13 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 4.9%. EPS of $0.97 for the same period compares to $0.92 a year ago. The reported revenue represents a surprise of +0.06% over the Zacks Consensus Estimate of $211 million. With the consensus EPS estimate being $0.97, the company has not delivered EPS surprise. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Trustmark performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Interest Margin: 3.8% compared to the 3.8% average estimate based on three analysts. Efficiency Ratio: 62.2% compared to the 63.1% average estimate based on three analysts. Net (recoveries) charge-offs / average loans: 0% compared to the 0.1% average estimate based on two analysts. Total nonaccrual LHFI: $49.66 million compared to the $95.26 million average estimate based on two analysts. Total nonperforming assets: $54.87 million versus $104.33 million estimated by two analysts on average. Average Balances - Total earning assets: $17.62 billion compared to the $17.63 billion average estimate based on two analysts. Net Interest Income: $165.63 million versus the three-analyst average estimate of $165.56 million. Total Noninterest income: $42.57 million versus the three-analyst average estimate of $43.39 million. Net Interest Income (FTE): $168.56 million versus $168.18 million estimated by two analysts on average. View all Key Company Metrics for Trustmark here>>> Shares of Trustmark have returned +0.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Trustmark Corporation (TRMK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research