Overview

* Trustmark Q2 revenue rises 2.1% but misses analyst expectations

* Net income for Q2 totals $55.8 mln, with diluted EPS of $0.92

* Co repurchased $11.0 mln of common stock during the quarter

Outlook

* Company did not provide specific future financial guidance in the press release

Result Drivers

* LOAN GROWTH - Loans held for investment increased 1.7% linked-quarter, contributing to revenue growth

* CREDIT QUALITY - Stable credit quality with a decline in nonperforming assets and low net charge-offs

* DEPOSIT MANAGEMENT - Growth in noninterest-bearing deposits and reduced cost of total deposits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $198.6 $199.10

Revenue mln mln (5

Analysts

)

Q2 EPS $0.92

Q2 Net $55.80

Income mln

Q2 Net $161.40

Interest mln

Income

Q2 $0.24

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Trustmark Corp ( TRMK ) is $43.00, about 10.4% above its July 21 closing price of $38.52

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)