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Trustmark (TRMK) To Report Earnings Tomorrow: Here Is What To Expect

TRMK Cover Image

Regional banking company Trustmark (NASDAQ: TRMK) will be reporting results this Tuesday afternoon. Here’s what you need to know.

Trustmark beat analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $194.6 million, up 3.4% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ tangible book value per share estimates but a significant miss of analysts’ net interest income estimates.

Is Trustmark a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Trustmark’s revenue to grow 77,050% year on year to $197.8 million, a reversal from the 100% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share.

Trustmark Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Trustmark has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Trustmark’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Texas Capital Bank delivered year-on-year revenue growth of 15.2%, beating analysts’ expectations by 2.7%, and Nicolet Bankshares reported revenues up 12.7%, topping estimates by 4.4%. Texas Capital Bank traded up 4.8% following the results while Nicolet Bankshares was also up 7.8%.

Read our full analysis of Texas Capital Bank’s results here and Nicolet Bankshares’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 7.7% on average over the last month. Trustmark is up 10.5% during the same time and is heading into earnings with an average analyst price target of $42.70 (compared to the current share price of $38.55).

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