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CNOB vs TRMK
Revenue, margins, valuation, and 5-year total return — side by side.
Banks - Regional
CNOB vs TRMK — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $1.50B | $2.64B |
| Revenue (TTM) | $606M | $1.12B |
| Net Income (TTM) | $80M | $224M |
| Gross Margin | 44.2% | 71.0% |
| Operating Margin | 18.6% | 25.5% |
| Forward P/E | 9.3x | 11.5x |
| Total Debt | $1.17B | $1.12B |
| Cash & Equiv. | $92M | $668M |
CNOB vs TRMK — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| ConnectOne Bancorp,… (CNOB) | 100 | 204.0 | +104.0% |
| Trustmark Corporati… (TRMK) | 100 | 188.7 | +88.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CNOB vs TRMK
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CNOB is the clearest fit if your priority is value and quality.
- Lower P/E (9.3x vs 11.5x)
- Efficiency ratio 0.3% vs TRMK's 0.5% (lower = leaner)
- Efficiency ratio 0.3% vs TRMK's 0.5%
TRMK carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.94, yield 2.2%
- Rev growth 34.8%, EPS growth 1.9%
- 127.7% 10Y total return vs CNOB's 109.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 34.8% NII/revenue growth vs CNOB's 13.4% | |
| Value | Lower P/E (9.3x vs 11.5x) | |
| Quality / Margins | Efficiency ratio 0.3% vs TRMK's 0.5% (lower = leaner) | |
| Stability / Safety | Beta 0.94 vs CNOB's 1.10, lower leverage | |
| Dividends | 2.2% yield, 1-year raise streak, vs CNOB's 2.1% | |
| Momentum (1Y) | +32.5% vs CNOB's +30.6% | |
| Efficiency (ROA) | Efficiency ratio 0.3% vs TRMK's 0.5% |
CNOB vs TRMK — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TRMK leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
TRMK is the larger business by revenue, generating $1.1B annually — 1.8x CNOB's $606M. TRMK is the more profitable business, keeping 20.0% of every revenue dollar as net income compared to CNOB's 13.3%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $606M | $1.1B |
| EBITDAEarnings before interest/tax | $122M | $323M |
| Net IncomeAfter-tax profit | $80M | $224M |
| Free Cash FlowCash after capex | $102M | $230M |
| Gross MarginGross profit ÷ Revenue | +44.2% | +71.0% |
| Operating MarginEBIT ÷ Revenue | +18.6% | +25.5% |
| Net MarginNet income ÷ Revenue | +13.3% | +20.0% |
| FCF MarginFCF ÷ Revenue | +16.7% | +20.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +53.1% | +5.4% |
Valuation Metrics
TRMK leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 12.1x trailing earnings, TRMK trades at a 40% valuation discount to CNOB's 20.2x P/E. On an enterprise value basis, TRMK's 9.5x EV/EBITDA is more attractive than CNOB's 22.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.5B | $2.6B |
| Enterprise ValueMkt cap + debt − cash | $2.6B | $3.1B |
| Trailing P/EPrice ÷ TTM EPS | 20.21x | 12.13x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.26x | 11.50x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.50x |
| EV / EBITDAEnterprise value multiple | 22.90x | 9.49x |
| Price / SalesMarket cap ÷ Revenue | 2.48x | 2.36x |
| Price / BookPrice ÷ Book value/share | 0.96x | 1.28x |
| Price / FCFMarket cap ÷ FCF | 14.89x | 11.39x |
Profitability & Efficiency
TRMK leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
TRMK delivers a 10.8% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $5 for CNOB. TRMK carries lower financial leverage with a 0.53x debt-to-equity ratio, signaling a more conservative balance sheet compared to CNOB's 0.74x. On the Piotroski fundamental quality scale (0–9), TRMK scores 7/9 vs CNOB's 4/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +5.5% | +10.8% |
| ROA (TTM)Return on assets | +0.6% | +1.2% |
| ROICReturn on invested capital | +3.5% | +7.1% |
| ROCEReturn on capital employed | +1.5% | +3.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 |
| Debt / EquityFinancial leverage | 0.74x | 0.53x |
| Net DebtTotal debt minus cash | $1.1B | $448M |
| Cash & Equiv.Liquid assets | $92M | $668M |
| Total DebtShort + long-term debt | $1.2B | $1.1B |
| Interest CoverageEBIT ÷ Interest expense | 0.39x | 0.75x |
Total Returns (Dividends Reinvested)
TRMK leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TRMK five years ago would be worth $14,756 today (with dividends reinvested), compared to $11,794 for CNOB. Over the past 12 months, TRMK leads with a +32.5% total return vs CNOB's +30.6%. The 3-year compound annual growth rate (CAGR) favors CNOB at 30.9% vs TRMK's 29.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +15.2% | +15.5% |
| 1-Year ReturnPast 12 months | +30.6% | +32.5% |
| 3-Year ReturnCumulative with dividends | +124.5% | +118.5% |
| 5-Year ReturnCumulative with dividends | +17.9% | +47.6% |
| 10-Year ReturnCumulative with dividends | +109.0% | +127.7% |
| CAGR (3Y)Annualised 3-year return | +30.9% | +29.8% |
Risk & Volatility
TRMK leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TRMK is the less volatile stock with a 0.94 beta — it tends to amplify market swings less than CNOB's 1.10 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.10x | 0.94x |
| 52-Week HighHighest price in past year | $30.65 | $45.99 |
| 52-Week LowLowest price in past year | $21.79 | $33.39 |
| % of 52W HighCurrent price vs 52-week peak | +97.6% | +97.6% |
| RSI (14)Momentum oscillator 0–100 | 66.7 | 56.0 |
| Avg Volume (50D)Average daily shares traded | 354K | 392K |
Analyst Outlook
TRMK leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CNOB as "Buy" and TRMK as "Hold". Consensus price targets imply 13.7% upside for CNOB (target: $34) vs 1.4% for TRMK (target: $46). For income investors, TRMK offers the higher dividend yield at 2.15% vs CNOB's 2.12%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $34.00 | $45.50 |
| # AnalystsCovering analysts | 11 | 9 |
| Dividend YieldAnnual dividend ÷ price | +2.1% | +2.2% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $0.63 | $0.97 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +3.0% |
TRMK leads in 6 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics.
CNOB vs TRMK: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CNOB or TRMK a better buy right now?
For growth investors, Trustmark Corporation (TRMK) is the stronger pick with 34.
8% revenue growth year-over-year, versus 13. 4% for ConnectOne Bancorp, Inc. (CNOB). Trustmark Corporation (TRMK) offers the better valuation at 12. 1x trailing P/E (11. 5x forward), making it the more compelling value choice. Analysts rate ConnectOne Bancorp, Inc. (CNOB) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CNOB or TRMK?
On trailing P/E, Trustmark Corporation (TRMK) is the cheapest at 12.
1x versus ConnectOne Bancorp, Inc. at 20. 2x. On forward P/E, ConnectOne Bancorp, Inc. is actually cheaper at 9. 3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — CNOB or TRMK?
Over the past 5 years, Trustmark Corporation (TRMK) delivered a total return of +47.
6%, compared to +17. 9% for ConnectOne Bancorp, Inc. (CNOB). Over 10 years, the gap is even starker: TRMK returned +127. 7% versus CNOB's +109. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CNOB or TRMK?
By beta (market sensitivity over 5 years), Trustmark Corporation (TRMK) is the lower-risk stock at 0.
94β versus ConnectOne Bancorp, Inc. 's 1. 10β — meaning CNOB is approximately 17% more volatile than TRMK relative to the S&P 500. On balance sheet safety, Trustmark Corporation (TRMK) carries a lower debt/equity ratio of 53% versus 74% for ConnectOne Bancorp, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CNOB or TRMK?
By revenue growth (latest reported year), Trustmark Corporation (TRMK) is pulling ahead at 34.
8% versus 13. 4% for ConnectOne Bancorp, Inc. (CNOB). On earnings-per-share growth, the picture is similar: Trustmark Corporation grew EPS 1. 9% year-over-year, compared to -15. 9% for ConnectOne Bancorp, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CNOB or TRMK?
Trustmark Corporation (TRMK) is the more profitable company, earning 20.
0% net margin versus 13. 3% for ConnectOne Bancorp, Inc. — meaning it keeps 20. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRMK leads at 25. 5% versus 18. 6% for CNOB. At the gross margin level — before operating expenses — TRMK leads at 71. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CNOB or TRMK more undervalued right now?
On forward earnings alone, ConnectOne Bancorp, Inc.
(CNOB) trades at 9. 3x forward P/E versus 11. 5x for Trustmark Corporation — 2. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CNOB: 13. 7% to $34. 00.
08Which pays a better dividend — CNOB or TRMK?
All stocks in this comparison pay dividends.
Trustmark Corporation (TRMK) offers the highest yield at 2. 2%, versus 2. 1% for ConnectOne Bancorp, Inc. (CNOB).
09Is CNOB or TRMK better for a retirement portfolio?
For long-horizon retirement investors, Trustmark Corporation (TRMK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
94), 2. 2% yield, +127. 7% 10Y return). Both have compounded well over 10 years (TRMK: +127. 7%, CNOB: +109. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CNOB and TRMK?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CNOB is a small-cap quality compounder stock; TRMK is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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