Trustmark Corp (TRMK) Tops Q1 EPS by 5c, Miss on Revenues

Trustmark Corp (NASDAQ: TRMK) reported Q1 EPS of $0.54, $0.05 better than the analyst estimate of $0.49. Revenue for the quarter came in at $144 million versus the consensus estimate of $149.17 million.

First Quarter Highlights

• Revenue, excluding interest and fees on acquired loans, increased 1.7% linked quarter and 4.0% year-over-year to total $144.0 million
• The net interest margin (FTE), excluding acquired loans, was 3.37% in the first quarter, up 2 basis points from the prior quarter and down 1 basis point year-over-year
• Core noninterest expense, which excludes other real estate and intangible amortization, totaled $100.2 million in the first quarter, down 0.6% from the prior quarter and up 1.5% year-over-year
• Sustained strong credit performance reflected in reduced nonperforming assets and net recoveries

For earnings history and earnings-related data on Trustmark Corp (TRMK) click here.

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