Trustmark (TT4) Q3 2026 Earnings Report

The call was broadly positive. Trustmark reported record quarterly operating EPS, stable net interest margin, deposit growth, strong credit quality, a sizeable approved loan pipeline, strategic transactions expected to add to fourth-quarter earnings, continued shareholder returns and ongoing investment in organic growth. These strengths were partially offset by a quarterly decline in loans, elevated commercial loan payoffs, mortgage banking and treasury management fee pressure, higher expected deposit costs, competitive lending conditions and slower public finance and equipment finance activity.

For the full year 2026, Trustmark expects mid-single-digit growth in both loans held for investment and deposits excluding broker deposits, stable security balances, a net interest margin of 3.83 to 3.87%, fully tax equivalent net interest income up mid single digits compared to 2025, total provision for credit losses including off balance sheet credit exposure to normalize and remain consistent with prior 2026 quarters, low- to mid-single-digit growth in full year noninterest income, and mid-single-digit growth in full-year 2026 noninterest expense; it expects to be at the high end of its guide range with Q4 NIM around 4%, Q4 deposit costs of approximately 1.76% with a 33% beta, deposit mix of approximately 80% interest-bearing and 20% non-interest-bearing to remain relatively stable, approximately $5.7 million of incremental net interest income from the transactions, approximately 12 basis points of margin, approximately $3.2 million of incremental net income, and $0.05 of diluted shares, while the approved loan pipeline is around $1 billion, a new public finance facility has today about $115 million of availability to be drawn and is expected to fund up over Q4 and into 2027, and faster equipment finance growth is expected to reoccur in Q4 of this year.