TRMK - Trustmark GAAP EPS of -$0.56 misses by $0.69 revenue of $195.2M misses by $1.11M
- Trustmark press release ( NASDAQ: TRMK ): Q4 GAAP EPS of -$0.56 misses by $0.69 .
- Revenue of $195.2M (+28.4% Y/Y) misses by $1.11M .
- Loans held for investment (HFI) increased $2.0 billion, or 19.1%, in 2022
- Nonperforming assets declined to 0.55% of loans HFI and held for sale (HFS)
- Net charge-offs represented 0.01% of average loans in 2022
- Net interest income FTE totaled $507.1 million, up 17.9% in 2022 to produce a net interest margin of 3.17%, up 41 basis points from 2021
- Insurance revenue increased 10.7% in 2022 while wealth management remained stable
- Noninterest income totaled $205.1 million and represented 29.3% of total revenue
For further details see:
Trustmark GAAP EPS of -$0.56 misses by $0.69, revenue of $195.2M misses by $1.11M