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Trustmark (TRMK) Reports Q3 Earnings: What Key Metrics Have to Say
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Trustmark (TRMK - Free Report) reported $194.16 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 1.3%. EPS of $0.64 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $191.27 million, representing a surprise of +1.51%. The company delivered an EPS surprise of -7.25%, with the consensus EPS estimate being $0.69.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Trustmark performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net (recoveries) charge-offs / average loans: 0.1% versus 0.1% estimated by three analysts on average.
Efficiency Ratio: 68.3% compared to the 69.8% average estimate based on three analysts.
Net Interest Margin: 3.3% versus 3.2% estimated by three analysts on average.
Total nonaccrual LHFI: $90.90 million versus the two-analyst average estimate of $78.10 million.
Total nonperforming assets: $96.38 million versus the two-analyst average estimate of $79.40 million.
Average Balances - Total earning assets: $17.11 billion versus $17.05 billion estimated by two analysts on average.
Net Interest Income (FTE): $141.94 million versus the three-analyst average estimate of $137.90 million.
Total Noninterest income: $52.22 million compared to the $54.43 million average estimate based on three analysts.
Net Interest Income: $138.64 million versus the three-analyst average estimate of $134.63 million.
Shares of Trustmark have returned -4% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Trustmark (TRMK) Reports Q3 Earnings: What Key Metrics Have to Say
Trustmark (TRMK - Free Report) reported $194.16 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 1.3%. EPS of $0.64 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $191.27 million, representing a surprise of +1.51%. The company delivered an EPS surprise of -7.25%, with the consensus EPS estimate being $0.69.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Trustmark performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net (recoveries) charge-offs / average loans: 0.1% versus 0.1% estimated by three analysts on average.
- Efficiency Ratio: 68.3% compared to the 69.8% average estimate based on three analysts.
- Net Interest Margin: 3.3% versus 3.2% estimated by three analysts on average.
- Total nonaccrual LHFI: $90.90 million versus the two-analyst average estimate of $78.10 million.
- Total nonperforming assets: $96.38 million versus the two-analyst average estimate of $79.40 million.
- Average Balances - Total earning assets: $17.11 billion versus $17.05 billion estimated by two analysts on average.
- Net Interest Income (FTE): $141.94 million versus the three-analyst average estimate of $137.90 million.
- Total Noninterest income: $52.22 million compared to the $54.43 million average estimate based on three analysts.
- Net Interest Income: $138.64 million versus the three-analyst average estimate of $134.63 million.
View all Key Company Metrics for Trustmark here>>>Shares of Trustmark have returned -4% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.