Trustmark (TRMK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Trustmark (TRMK) reported $196.84 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 16.6%. EPS of $0.74 for the same period compares to $0.56 a year ago.
The reported revenue represents a surprise of +6.54% over the Zacks Consensus Estimate of $184.77 million. With the consensus EPS estimate being $0.60, the EPS surprise was +23.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Trustmark performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 66.17% compared to the 70.33% average estimate based on three analysts.
Net Interest Margin: 3.33% compared to the 3.11% average estimate based on three analysts.
Net charge-offs to average loans: 0.04% compared to the 0.1% average estimate based on three analysts.
Average Balances - Interest earning assets: $17.25 billion versus $17.28 billion estimated by two analysts on average.
Net Interest Income (FTE): $143.29 million versus $132.98 million estimated by three analysts on average.
Total Noninterest income: $53.55 million compared to the $52.96 million average estimate based on three analysts.
Net Interest Income: $139.90 million versus the three-analyst average estimate of $129.66 million.
View all Key Company Metrics for Trustmark here>>>
Shares of Trustmark have returned +9.3% over the past month versus the Zacks S&P 500 composite's +4.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Trustmark Corporation (TRMK) : Free Stock Analysis Report
