Trustmark corp (TRMK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Interest Income
Interest and fees on LHFS & LHFI

106,345

108,336

113,285

111,740

106,795

104,607

102,980

96,712

91,670

91,118

89,112

84,988

79,407

77,090

76,524

73,745

72,286

70,597

69,458

68,167

66,211

67,231

66,934

66,343

63,074

63,978

65,403

64,706

64,463

67,013

69,656

70,268

72,859

-

-

-

-

-

-

-

-

-

-

Interest and fees on acquired loans

-

2,138

2,309

2,010

1,916

3,183

4,033

5,022

4,877

6,401

6,625

6,263

5,189

8,290

6,781

8,051

7,022

11,910

11,607

12,557

15,078

13,500

23,200

23,250

16,786

23,384

19,183

20,987

12,782

4,859

5,229

5,097

2,937

-

-

-

-

-

-

-

-

-

-

Interest and fees on loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76,343

77,313

76,270

80,023

80,767

81,731

81,597

88,015

90,041

Interest on securities:
Taxable

12,948

12,884

13,184

13,916

14,665

15,496

16,186

16,894

17,506

18,327

19,291

19,377

19,197

18,775

19,351

19,402

20,086

21,149

20,264

19,731

19,586

21,694

19,712

19,522

19,220

19,078

18,654

18,547

16,539

15,305

15,909

17,352

18,384

17,362

18,115

20,374

19,992

19,076

18,641

19,626

19,735

19,524

20,444

Tax exempt

361

382

383

436

510

488

518

579

651

673

717

766

845

871

902

929

973

1,017

1,046

1,097

1,163

1,179

1,199

1,243

1,248

1,276

1,274

1,283

1,312

1,343

1,358

1,356

1,366

1,386

1,401

1,375

1,383

1,410

1,352

1,398

1,417

1,412

1,326

Interest on federal funds sold and securities purchased under reverse repurchase agreements

-

1

23

214

2

4

3

5

2

7

14

11

1

4

5

4

1

-

2

2

-

3

9

6

5

14

8

5

4

9

6

5

6

10

5

7

8

12

9

7

8

16

19

Other interest income

740

896

1,044

1,820

1,603

1,158

1,050

1,054

934

473

355

371

267

335

223

200

230

402

392

392

393

384

386

379

375

367

372

372

355

337

339

336

330

327

329

333

332

328

332

366

383

381

343

Total Interest Income

120,394

124,637

130,228

130,136

125,491

124,936

124,770

120,266

115,640

116,999

116,114

111,776

104,906

105,365

103,786

102,331

100,598

105,079

102,769

101,946

102,431

103,991

111,440

110,743

100,708

108,097

104,894

105,900

95,455

88,866

92,497

94,414

95,882

98,399

96,193

99,402

97,985

100,849

101,101

103,128

103,140

109,348

112,173

Interest Expense
Interest on deposits

14,957

17,716

20,385

21,500

19,570

17,334

14,972

12,139

9,491

7,284

6,381

5,107

3,945

3,380

3,208

3,122

3,038

3,000

3,147

3,204

3,247

3,382

3,606

3,970

4,365

4,768

4,970

5,071

4,909

5,061

5,725

6,465

7,353

7,184

9,455

9,936

9,719

10,359

11,609

12,785

13,904

18,403

21,430

Interest on federal funds purchased and securities sold under repurchase agreements

625

504

547

81

288

1,528

1,348

1,250

662

1,116

1,301

1,037

698

471

411

404

431

274

205

179

143

184

180

110

76

104

106

88

81

140

135

142

171

195

216

216

338

403

294

260

226

282

272

Other interest expense

860

826

830

831

825

894

1,467

1,713

3,394

4,555

4,520

3,628

2,673

2,662

2,603

2,428

2,389

1,987

1,811

1,614

1,649

1,510

1,425

1,375

1,363

1,370

1,389

1,513

1,490

1,346

1,358

1,359

1,414

1,962

842

1,420

1,553

1,535

1,631

1,597

1,592

1,786

1,980

Total Interest Expense

16,442

19,046

21,762

22,412

20,683

19,756

17,787

15,102

13,547

12,955

12,202

9,772

7,316

6,513

6,222

5,954

5,858

5,261

5,163

4,997

5,039

5,076

5,211

5,455

5,804

6,242

6,465

6,672

6,480

6,547

7,218

7,966

8,938

9,341

10,513

11,572

11,610

12,297

13,534

14,642

15,722

20,471

23,682

Net Interest Income

103,952

105,591

108,466

107,724

104,808

105,180

106,983

105,164

102,093

104,044

103,912

102,004

97,590

98,852

97,564

96,377

94,740

99,818

97,606

96,949

97,392

98,915

106,229

105,288

94,904

101,855

98,429

99,228

88,975

82,319

85,279

86,448

86,944

89,058

85,680

87,830

86,375

88,552

87,567

88,486

87,418

88,877

88,491

Provision for credit losses (PCL)

20,581

-

-

-

1,611

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses, LHFI

-

-

3,039

2,486

-

2,192

8,673

3,167

3,961

5,739

3,672

2,921

2,762

1,834

4,284

2,596

2,243

3,043

2,514

1,033

1,785

-1,393

3,058

351

-805

-1,983

-3,624

-4,846

-2,968

-535

3,358

650

3,293

6,073

7,978

8,116

7,537

-

-

-

-

-

-

Provision for loan losses, acquired loans

-

-2

-140

106

78

-247

-467

-441

150

-1,573

-1,653

-2,564

-1,605

1,150

691

607

1,309

997

1,256

825

347

1,179

1,145

3,784

63

4,169

3,292

-1,552

130

1,945

2,105

1,672

-194

624

0

0

0

-

-

-

-

-

-

Provision for loan losses, excluding covered loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,259

10,398

15,095

15,770

26,767

Net Interest Income After PCL

83,371

101,932

105,567

105,132

103,119

103,235

98,777

102,438

97,982

99,878

101,893

101,647

96,433

95,868

92,589

93,174

91,188

95,778

93,836

95,091

95,260

99,129

102,026

101,153

95,646

99,669

98,761

105,626

91,813

80,909

79,816

84,126

83,845

82,361

77,702

79,714

78,838

76,758

75,308

78,088

72,323

73,107

61,724

Noninterest Income
Service charges on deposit accounts

10,032

10,894

11,065

10,379

10,265

11,123

11,075

10,647

10,857

11,193

11,223

10,755

10,832

11,444

11,677

11,051

11,081

11,961

12,400

11,920

11,085

12,514

12,743

11,846

11,568

13,114

13,852

12,929

11,681

12,391

13,135

12,614

12,211

13,269

13,680

12,851

11,907

13,493

14,493

14,220

12,977

14,157

13,244

Bank card and other fees

5,355

8,192

8,349

8,004

7,191

7,750

7,459

7,070

6,626

7,266

7,150

7,370

6,500

6,796

6,756

7,436

6,918

7,156

6,964

7,416

6,762

6,712

7,279

9,894

9,081

9,580

8,929

9,507

7,945

7,978

6,924

8,179

7,364

7,112

7,033

6,854

6,475

6,482

6,235

6,417

5,880

5,620

6,063

Mortgage banking, net

27,483

7,914

8,171

10,295

3,442

5,716

8,647

9,046

11,265

6,284

4,425

9,008

10,185

5,428

7,364

6,721

8,699

4,287

7,443

9,481

8,965

5,918

5,842

6,191

6,829

5,186

8,440

8,295

11,583

11,331

11,150

11,184

7,295

6,038

9,783

6,269

4,722

4,502

9,861

8,910

6,072

8,871

2,543

Insurance commissions

11,550

9,364

11,072

11,089

10,871

9,562

10,765

10,735

9,419

8,813

10,398

9,745

9,212

8,459

10,074

9,638

8,593

8,501

9,906

9,401

8,616

7,831

9,240

8,300

8,097

7,343

8,227

8,014

7,242

6,887

7,533

7,179

6,606

6,076

7,516

6,862

6,512

6,224

7,746

6,884

6,837

7,894

7,372

Wealth management

8,537

7,763

7,691

7,742

7,483

7,504

7,789

7,478

7,567

7,723

7,530

7,674

7,413

7,505

7,571

8,009

7,407

7,831

7,790

7,758

7,990

8,460

8,038

7,710

8,135

8,145

7,520

6,940

6,875

6,181

5,612

5,762

5,501

5,223

5,993

5,760

5,986

5,760

5,199

5,558

5,355

5,589

5,497

Other, net

2,307

3,451

1,989

2,130

2,239

1,904

1,358

2,415

1,059

2,681

3,740

5,637

1,891

2,092

1,274

1,372

888

-466

1,470

-433

-1,055

596

-160

199

-21

-4,802

165

-2,145

-1,191

-2,007

512

-1,150

3,758

-4,928

234

7,785

762

2,070

441

1,103

879

994

1,693

Securities gains (losses), net

-

-

-

-

-

-

-

-

-

-

14

1

-

0

0

0

-310

-

-

-

-

0

-89

0

389

107

0

174

204

18

-1

-8

1,050

-11

33

51

7

101

4

1,855

369

1,014

4,404

Total Noninterest Income

65,264

47,578

48,337

49,639

41,491

43,559

47,093

47,391

46,793

43,960

44,480

50,190

46,033

41,724

44,716

44,227

43,276

39,270

45,973

45,543

42,363

42,031

42,893

44,140

44,078

38,673

47,133

43,714

44,339

42,779

44,865

43,760

43,785

32,779

44,272

46,432

36,371

38,632

43,979

44,947

38,369

44,139

40,816

Noninterest Expense
Salaries and employee benefits

69,148

62,319

62,495

61,949

60,954

58,736

60,847

59,975

58,475

58,820

57,871

57,185

55,389

47,781

57,250

67,018

57,201

57,366

58,270

57,393

57,169

57,159

56,675

56,134

56,726

56,687

56,043

55,405

53,592

49,724

47,404

46,959

46,432

45,616

44,701

44,203

44,036

44,412

44,034

43,282

42,854

42,629

40,989

Defined benefit plan termination

-

-

-

-

-

-

-

-

-

-

-

-17,644

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services and fees

19,930

19,500

18,838

18,009

16,968

17,910

16,404

16,322

15,746

15,419

15,133

15,009

15,332

14,751

14,947

14,522

14,475

13,717

14,691

15,005

14,121

14,401

14,489

14,543

13,165

14,476

13,580

12,816

13,032

12,572

11,682

11,750

10,747

11,323

11,485

10,780

10,270

10,462

10,709

10,523

10,255

10,124

10,249

Net occupancy - premises

6,286

6,461

6,831

6,403

6,454

6,741

6,910

6,550

6,502

6,617

6,702

6,210

6,238

6,426

6,440

5,928

6,188

6,304

6,580

6,243

6,191

6,632

6,817

6,413

6,606

6,659

6,644

6,703

5,955

5,023

5,352

4,954

4,938

5,038

5,093

5,050

5,073

4,896

4,961

4,917

5,034

4,862

4,948

Equipment expense

5,616

5,880

5,971

5,958

5,924

6,329

6,200

6,202

6,099

5,996

6,297

6,162

5,998

6,172

6,063

5,896

6,094

6,105

5,877

5,903

5,974

5,911

5,675

6,136

6,138

6,400

6,271

6,193

5,674

5,288

5,095

5,183

4,912

5,139

5,038

4,856

5,144

4,229

4,356

4,247

4,303

4,104

4,108

Other real estate expense, net

-1,294

-1,491

-531

-132

-1,752

-61

-1,168

93

-866

-666

-864

-383

-1,759

-525

1,313

-1,193

-181

-3,554

-3,385

921

1,115

-19,402

930

3,836

3,315

3,009

3,079

5,131

3,820

3,173

1,702

2,388

3,902

2,760

5,616

4,704

3,213

3,310

8,728

9,278

3,061

-

-

Credit loss expense related to off-balance sheet credit exposures

6,783

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC assessment expense

-

-

1,400

1,836

-

1,897

1,999

2,538

2,995

2,868

2,816

2,686

2,640

2,562

2,911

2,959

2,811

2,614

2,559

2,615

2,940

2,669

2,644

2,468

2,416

2,228

2,376

2,376

2,021

1,075

1,826

1,826

1,775

1,484

1,812

1,938

2,750

2,942

3,037

3,035

3,147

-

-

Other expense

14,753

11,168

10,787

11,814

13,969

12,253

11,695

12,306

11,782

12,565

13,403

16,796

14,701

22,050

11,610

12,663

11,994

13,032

12,198

12,186

11,706

14,420

12,964

13,231

13,252

15,408

13,531

18,571

18,051

10,454

10,399

14,899

13,068

11,643

11,736

9,817

9,532

10,186

8,598

9,146

7,707

17,515

18,677

Total Noninterest Expense

123,810

110,027

106,853

106,101

106,021

103,927

105,223

103,800

102,465

102,951

103,086

122,075

102,057

100,267

97,908

110,179

98,944

98,620

103,560

100,266

99,216

104,432

100,194

102,761

101,618

104,867

101,524

107,195

102,145

87,309

83,460

87,959

85,774

83,003

85,481

81,348

80,018

80,437

84,423

84,428

76,361

79,234

78,971

Income Before Income Taxes

24,825

39,483

47,051

48,670

38,589

42,867

40,647

46,029

42,310

40,887

43,287

29,762

40,409

37,325

39,397

27,222

35,520

36,428

36,249

40,368

38,407

36,728

44,725

42,532

38,106

33,475

44,370

42,145

34,007

36,379

41,221

39,927

41,856

32,137

36,493

44,798

35,191

34,953

34,864

38,607

34,331

38,012

23,569

Income taxes

2,607

5,537

6,016

6,530

5,250

6,179

4,394

6,216

5,480

25,119

8,708

5,727

9,161

8,402

8,415

5,719

8,517

8,570

7,819

9,766

9,259

8,655

11,136

9,635

9,103

5,436

11,336

11,024

9,141

8,669

11,317

10,578

11,536

7,879

9,525

13,196

11,178

9,793

9,004

12,446

10,876

12,502

6,994

Net Income

22,218

33,946

41,035

42,140

33,339

36,688

36,253

39,813

36,830

15,768

34,579

24,035

31,248

28,923

30,982

21,503

27,003

27,858

28,430

30,602

29,148

28,073

33,589

32,897

29,003

28,039

33,034

31,121

24,866

27,710

29,904

29,349

30,320

24,258

26,968

31,602

24,013

25,160

25,860

26,161

23,455

25,510

16,575

Earnings Per Share
Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,688

2,687

Accretion of discount on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

452

445

Net Income Available to Common Shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,370

13,443

Basic

0.35

0.53

0.64

0.65

0.51

0.55

0.54

0.59

0.54

0.24

0.51

0.35

0.46

0.42

0.46

0.32

0.40

0.42

0.42

0.45

0.43

0.41

0.50

0.49

0.43

0.42

0.49

0.46

0.38

0.43

0.46

0.45

0.47

0.38

0.42

0.49

0.38

0.40

0.40

0.41

0.37

0.39

0.23

Diluted

0.35

0.52

0.64

0.65

0.51

0.54

0.54

0.59

0.54

0.24

0.51

0.35

0.46

0.42

0.46

0.32

0.40

0.41

0.42

0.45

0.43

0.41

0.50

0.49

0.43

0.42

0.49

0.46

0.38

0.43

0.46

0.45

0.47

0.38

0.42

0.49

0.37

0.39

0.40

0.41

0.37

0.39

0.23

Dividends Per Share

-

-

-

-

-

-

-

-

-

-

0.23

0.23

0.23

-

0.23

0.23

0.23

-

0.23

0.23

0.23

-

0.23

0.23

0.23

-

0.23

0.23

0.23

-

0.23

0.23

0.23

-

0.23

0.23

0.23

-

0.23

0.23

0.23

0.23

0.23