Trustmark Corporation reported net income of $58.1 million for the third quarter of 2026, which translates to diluted earnings per share of $1.00. The company reported a return on average tangible equity (ROATE) of 12.72% and a return on average assets (ROAA) of 1.21%.
The Board of Directors declared a quarterly cash dividend of $0.25 per share. This dividend is payable on December 15, 2026, to shareholders of record on December 1, 2026.
During the quarter, Trustmark executed a strategic sale-leaseback transaction involving 34 bank branch properties. This resulted in a pre-tax gain of $61.5 million. To enhance future profitability, the company simultaneously restructured its investment securities portfolio, selling $629.5 million of lower-yielding securities with a weighted-average yield of approximately 1.4% and purchasing $628.0 million of securities with a weighted-average yield of approximately 5.0%. This transaction resulted in a pre-tax loss of $61.5 million, which offset the gain from the branch sale.
Trustmark’s loan portfolio totaled $13.9 billion, a decrease of $43.9 million from the prior quarter but an increase of $321.0 million year-over-year. Credit quality remained strong, with nonperforming assets totaling $57.0 million, representing 0.40% of loans held for investment and loans held for sale. Deposits totaled $16.1 billion, a decrease of $13.2 million from the prior quarter but an increase of $427.1 million year-over-year.
Net interest income (FTE) totaled $170.6 million, an increase of 1.2% from the prior quarter and 3.2% year-over-year. The net interest margin was 3.84%, unchanged from the prior quarter. Total revenue for the quarter was $207.1 million.
Trustmark repurchased $20.1 million, or approximately 428,000 shares, of its common stock during the third quarter. Including the first nine months of 2026, the company repurchased $60.9 million, or approximately 1.4 million shares, under an authorized program.
