Trustmark Reports Q2 Earnings, Highlights Loan Growth and Core Systems Conversion
Trustmark Corporation (NASDAQ:TRMK) reported second-quarter net income of $63.5 million or $1.08 per diluted share in July 2026. Adjusted operating earnings were $56.7 million, or $0.97 per share after excluding two non-recurring items totaling $6.9 million. Loan and deposit growth contributed to a 3.1% sequential increase in net interest income with the net interest margin expanding to 3.84%. Management expects mid-single-digit loan and deposit growth for the year, along with maintaining its full-year net interest margin outlook of between 3.80% and 3.85%. Credit quality improved significantly following a $73.8 million sale of delinquent mortgage loans that reduced non-performing assets to 0.39%. Trustmark also recorded a gain from the exchange of Visa shares, repurchased $21.1 million in stock during Q2 and is more actively evaluating acquisition opportunities. The company completed its core systems conversion and expects continued growth despite potential margin pressures due to deposit pricing decisions. Trustmark originated $643 million in new loans but faced payoffs totaling over $650 million, which partially offset loan production gains.
Topics: core systems conversion deposit growth loan growth net income stock repurchase