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Trustmark sees Q3 EPS up 18.5% YOY

Jackson, Miss.-based Trustmark Corp. reported third-quarter net income of $41.0 million, or 64 cents per share, compared with $36.3 million, or 54 cents per share, in the year-ago quarter.

The S&P Global Market Intelligence consensus estimate for GAAP EPS for the third quarter was 62 cents.

Excluding acquired loans, the company's net interest margin was 3.61% in the third quarter, compared with 3.60% in the linked quarter and 3.50% in the third quarter of 2018.

Trustmark's total loans held for investment amounted to $9.22 billion at Sept. 30, up from $9.12 billion at June 30 and $8.75 billion at Sept. 30, 2018.

Total deposits stood at $11.25 billion as of Sept. 30, compared with $11.57 billion at the end of June and $10.96 billion at the end of the third quarter of 2018.