Trustmark Second Quarter 2024 Earnings: Misses Expectations

In This Article:

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).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

It is worth noting though that we have found 3 warning signs for Trustmark that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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