Trustmark Second Quarter 2024 Earnings: Misses Expectations

Trustmark (NASDAQ:TRMK) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$100.6m (down by 323% from US$45.0m profit in 2Q 2023).
• US$1.64 loss per share (down from US$0.74 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Trustmark Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Trustmark.

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