Trustmark Corporation

Trustmark executed a $91.7 million sale-leaseback transaction covering 34 branch properties and restructured its securities portfolio, sending shares up 3.8% in the afternoon session. Under the agreement with Blue Owl Real Estate Capital, the regional bank sold the 34 branch properties for an estimated pre-tax gain of $61.5 million. Trustmark also sold low-yield securities and reinvested the proceeds into approximately $628.0 million of higher-yielding securities. The transactions were disclosed in a Form 8-K filing with the Securities and Exchange Commission. Shares were trading at $47.27, up 4.1% from the previous close.

First Financial Bankshares reported fourth-quarter revenues of $168.4 million, a 12.5% increase from a year earlier, exceeding analyst expectations by 0.9%. The Texas-focused regional bank delivered a satisfactory quarter overall, with a notable beat on tangible book value per share estimates but a slight miss on net interest income. Among the 96 regional bank stocks tracked, UMB Financial was the best performer with revenues of $744.8 million, up 29.3% year on year and beating estimates by 5.4%, while BankUnited was the weakest, posting revenues of $273.8 million, up 6.1% but falling short of expectations by 5.1%. Trustmark and First Financial Bancorp also reported results, with revenues of $202.9 million and $265.8 million respectively, both meeting or exceeding analyst forecasts.