Trustmark Earnings: Here’s Why the Stock is Rising Now

Trustmark Corporation (NASDAQ:TRMK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.20%.

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Trustmark Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 2.22% to $0.46 in the quarter versus EPS of $0.45 in the year-earlier quarter.

Revenue: Decreased 4.56% to $133.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Trustmark Corporation reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $130.97 million.

Quoting Management: Gerard R. Host, President and CEO, stated, “Trustmark experienced a great start to the year as indicated by our solid financial results in the first quarter and the successful completion of the largest merger in our history. During the first quarter, total revenue increased 6.6% to $133.3 million due to the continued strong performance of our banking, mortgage banking, wealth management, and insurance businesses while credit quality continued to experience significant improvements, as evidenced by reduced net charge-offs and provisioning.”

Key Stats (on next page)…

Revenue increased 1.25% from $131.65 million in the previous quarter. EPS increased 6.98% from $0.43 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.45 and has not changed. For the current year, the average estimate has moved down from a profit of $1.79 to a profit of $1.78 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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