I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 202.9 M.
EPS: As of FY2026 Q1, the actual value is USD 0.95, beating the estimate of USD 0.8783.
EBIT: As of FY2026 Q1, the actual value is USD -89.81 M.
Operational Metrics
Trustmark Corporation reported net income of $56.1 million in the first quarter of 2026, which represents a -3.0% decrease linked-quarter from $57.874 million and a 4.6% increase year-over-year from $53.633 million . The return on average tangible equity was 12.58% in Q1 2026, while the return on average assets was 1.20% . Net interest income (FTE) totaled $163.5 million in the first quarter, marking a -1.4% decrease linked-quarter and a 5.7% year-over-year increase of $8.795 million . The net interest margin remained unchanged from the prior quarter at 3.81% . Total revenue for the first quarter was $202.9 million, a seasonal decrease of -0.6% from the prior quarter and a 4.2% increase from the same quarter in the prior year .
Noninterest expense totaled $132.2 million, unchanged linked-quarter, but an increase of $8.1 million or 6.6% year-over-year . Salaries and employee benefits expense declined by -$837 thousand or -1.1% linked-quarter to $74.2 million, but increased by $5.750 million or 8.4% year-over-year . Services and fees expense increased by $575 thousand or 2.1% linked-quarter to $27.9 million, and by $1.697 million or 6.5% year-over-year . Income before income taxes was $68.005 million, a decrease of -$2.729 million or -3.9% linked-quarter, and an increase of $2.671 million or 4.1% year-over-year .
The provision for credit losses (PCL) for loans held for investment was $4.688 million in Q1 2026, compared to -$550 thousand in the prior quarter and $8.125 million in Q1 2025 . PCL for off-balance sheet credit exposures was -$1.948 million in Q1 2026, compared to $1.765 million in the prior quarter and -$2.831 million in Q1 2025 . Collectively, the total provision for credit losses was $2.7 million in the first quarter, up from $1.2 million in the prior quarter and $5.3 million in the first quarter of 2025 . Net charge-offs totaled -$1.328 million in Q1 2026, representing 0.04% of average loans, compared to -$7.621 million in the prior quarter and -$1.385 million in Q1 2025 . The non-GAAP efficiency ratio was 63.25% in Q1 2026 .
Segment Revenue (Noninterest Income Categories)
Noninterest income totaled $42.3 million, an increase of $1.1 million or 2.7% from the prior quarter, and a decrease of -$239 thousand or -0.6% year-over-year, representing 20.9% of total revenue in the first quarter . Service charges on deposit accounts totaled $10.7 million, a seasonal decrease of -$530 thousand or -4.7% from the prior quarter . Bank card and other fees totaled $8.0 million, down -$658 thousand from the prior quarter but up $324 thousand year-over-year . Mortgage banking, net, totaled $8.9 million, an increase of $1.4 million or 18.7% linked-quarter and $163 thousand or 1.9% year-over-year . Mortgage loan production was $375.1 million, down -4.6% from the prior quarter and up 17.7% year-over-year . Wealth management revenue totaled $10.4 million, a decrease of -$740 thousand or -6.6% from the prior quarter and an increase of $850 thousand or 8.9% year-over-year . Other, net income totaled $4.4 million, an increase of $1.6 million from the prior quarter .
Unique Metrics
Loans Held for Investment (HFI) increased by $203.7 million or 1.5% linked-quarter, and by $636.5 million or 4.8% year-over-year, totaling $13.9 billion at March 31, 2026 . HFI represented 88.3% of total deposits . Total deposits were $15.7 billion at March 31, 2026, marking an increase of $212.7 million or 1.4% from the prior quarter and $631.8 million or 4.2% year-over-year . The cost of total deposits declined 9 basis points linked-quarter to 1.63%, with noninterest-bearing deposits representing 19.7% of total deposits .
Trustmark Corporation maintained a Common Equity Tier 1 (CET1) ratio of 11.70% and a total risk-based capital ratio of 14.37%, with the tangible equity to tangible assets ratio at 9.62% . The company repurchased $19.8 million, or approximately 477 thousand shares, of common stock during the first quarter of 2026, under a $100.0 million stock repurchase program authorized through December 31, 2026 . Tangible book value per share was $30.58 at March 31, 2026, an increase of 1.0% from the prior quarter and 10.1% from the prior year . Nonaccrual loans totaled $96.7 million at March 31, 2026, an increase of $12.3 million from the prior quarter . Nonperforming assets collectively totaled $104.0 million, representing 0.73% of loans HFI and held for sale (HFS) at March 31, 2026 . The Allowance for Credit Losses (ACL) represented 1.16% of loans HFI and 200.69% of nonaccrual loans (excluding individually analyzed loans) at March 31, 2026 .
Outlook / Guidance
No specific forward-looking statements or guidance regarding future financial performance or operational targets were provided in the reference text . The company explicitly states that it undertakes no obligation to update or revise any information .