Trustmark Corporation (TRMK) 10-Year Financial Performance & Capital Metrics

TRMK • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutTrustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services. The company also provides mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing. In addition, it provides wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management services. Further, the company offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers. As of December 31, 2021, it operated 167 full-service branches and 13 limited service branches; and 198 automated teller machines and 69 interactive teller machines. The company was founded in 1889 and is headquartered in Jackson, Mississippi.Show more

Net Interest Income $584M +5.7%
Total Revenue $831M -9.3%
Net Income $223M +34.8%
Return on Equity 12.31% +17.3%
Net Interest Margin 3.22% +9.0%
Efficiency Ratio 45.73% +8.9%
ROA 1.21% +34.3%
Equity / Assets 10.81% +21.8%
Book Value per Share 31.97 +17.8%
Tangible BV/Share 24.25 +24.2%
Debt/Equity 0.43 -35.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 45.7% efficiency ratio
✓Well capitalized: 10.8% equity/assets
✓Healthy dividend yield of 2.2%
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.37%

5Y6.07%

3Y13.55%

TTM-

Profit (Net Income) CAGR

10Y6.08%

5Y8.19%

3Y14.81%

TTM9.74%

EPS CAGR

10Y7.09%

5Y9.37%

3Y15.76%

TTM10.57%

ROCE

10Y Avg6.88%

5Y Avg5.41%

3Y Avg3.29%

Latest1.29%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	391.76M	387.53M	407.55M	419.42M	426.59M	426.54M	418.35M	494.71M	552.88M	584.42M
NII Growth %	-0.03%	-0.01%	0.05%	0.03%	0.02%	-0%	-0.02%	0.18%	0.12%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	412.23M	412.08M	449.8M	485.61M	510.49M	468.33M	442.51M	541.83M	878.83M	960.33M
Interest Expense	20.46M	24.55M	42.24M	66.19M	83.9M	41.8M	24.16M	47.13M	325.95M	375.91M
Loan Loss Provision	11.8M	14.71M	7.7M	16.99M	10.84M	45.05M	-24.45M	22.89M	24.58M	41.26M
Non-Interest Income+	112.83M	112.94M	122.42M	116.08M	108.58M	181.3M	125.31M	41.49M	37.5M	-128.96M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	525.05M	525.02M	572.22M	601.69M	619.07M	649.63M	567.82M	583.32M	916.33M	831.37M
Revenue Growth %	-0.03%	-0%	0.09%	0.05%	0.03%	0.05%	-0.13%	0.03%	0.57%	-0.09%
Non-Interest Expense	341.34M	346.29M	367.93M	346.65M	350.53M	373.01M	392.7M	454.2M	384.76M	380.15M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	151.45M	139.46M	154.34M	171.85M	173.79M	189.78M	175.41M	59.1M	181.03M	34.06M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.07%	-0.08%	0.11%	0.11%	0.01%	0.09%	-0.08%	-0.66%	2.06%	-0.81%
Pretax Income+	151.45M	139.46M	154.34M	171.85M	173.79M	189.78M	175.41M	59.1M	181.03M	34.06M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	35.41M	31.05M	48.72M	22.27M	23.33M	29.76M	28.05M	-1.81M	27.74M	-11.15M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	116.04M	108.41M	105.63M	149.58M	150.46M	160.03M	147.37M	71.89M	165.49M	223.01M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.06%	-0.07%	-0.03%	0.42%	0.01%	0.06%	-0.08%	-0.51%	1.3%	0.35%
Net Income (Continuing)	116.04M	108.41M	105.63M	149.58M	150.46M	160.03M	147.37M	60.92M	153.29M	45.21M
EPS (Diluted)+	1.71	1.60	1.56	2.21	2.32	2.51	2.34	1.17	2.70	3.63
EPS Growth %	-0.07%	-0.06%	-0.03%	0.42%	0.05%	0.08%	-0.07%	-0.5%	1.31%	0.34%
EPS (Basic)	1.72	1.60	1.56	2.22	2.33	2.52	2.35	1.17	2.71	3.65
Diluted Shares Outstanding	67.69M	67.78M	67.89M	67.66M	64.77M	63.65M	62.97M	61.43M	61.23M	61.38M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	277.75M	327.71M	335.77M	349.56M	358.92M	1.95B	2.27B	734.79M	975.34M	567.25M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	11.1B	11.74B	12.23B	11.74B	11.89B	13.29B	14.04B	15.74B	16.25B	16.16B
Investments Growth %	0.05%	0.06%	0.04%	-0.04%	0.01%	0.12%	0.06%	0.12%	0.03%	-0.01%
Long-Term Investments	8.75B	9.38B	9.99B	9.93B	10.29B	11.3B	10.8B	13.71B	14.49B	14.47B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	366.16M	366.16M	379.63M	379.63M	379.63M	385.27M	384.24M	384.24M	334.61M	334.61M
Intangible Assets	101.55M	100.92M	100.63M	106.71M	86.74M	73.85M	92.76M	133.32M	132.1M	139.44M
PP&E (Net)	195.66M	179.24M	178.35M	178.18M	220.97M	225.04M	236.52M	248.67M	266.74M	270.08M
Other Assets	642.17M	640.51M	576.28M	534.36M	561.64M	620.84M	472.91M	776.82M	759.44M	682.18M
Total Current Assets	2.62B	2.68B	2.58B	2.16B	1.96B	3.94B	5.51B	2.76B	2.74B	2.26B
Total Non-Current Assets	10.06B	10.67B	11.22B	11.12B	11.54B	12.61B	12.09B	15.26B	15.98B	15.89B
Total Assets+	12.68B	13.35B	13.8B	13.29B	13.5B	16.55B	17.6B	18.02B	18.72B	18.15B
Asset Growth %	0.03%	0.05%	0.03%	-0.04%	0.02%	0.23%	0.06%	0.02%	0.04%	-0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	1.47B	1.62B	1.5B	271.22M	435.63M	549.84M	550.97M	1.72B	1.11B	849.8M
Net Debt	1.19B	1.29B	1.17B	-78.34M	76.71M	-1.4B	-1.72B	989.53M	138.07M	282.55M
Long-Term Debt	612.98M	312.9M	62.8M	80.18M	80.67M	204.06M	185M	1.16B	585.4M	385.56M
Short-Term Debt	853.66M	1.31B	1.44B	191.04M	313.08M	305.68M	323.04M	520.14M	484.58M	421.64M
Other Liabilities	150.97M	153.61M	145.06M	59.38M	155.99M	212.12M	216.2M	361.24M	377.17M	232.12M
Total Current Liabilities	10.44B	11.37B	12.02B	11.56B	11.56B	14.35B	15.41B	14.96B	16.05B	15.53B
Total Non-Current Liabilities	763.95M	466.52M	207.86M	139.56M	278.54M	456.28M	444.12M	1.57B	1.01B	660.28M
Total Liabilities	11.21B	11.83B	12.23B	11.7B	11.84B	14.81B	15.85B	16.52B	17.06B	16.19B
Total Equity+	1.47B	1.52B	1.57B	1.59B	1.66B	1.74B	1.74B	1.49B	1.66B	1.96B
Equity Growth %	0.04%	0.03%	0.03%	0.01%	0.04%	0.05%	0%	-0.14%	0.11%	0.18%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.07%	0.07%	0.09%	0.09%	0.09%	0.08%	0.04%	0.1%	0.12%
Book Value per Share	21.76	22.43	23.15	23.52	25.64	27.36	27.65	24.29	27.14	31.97
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	14.08M	14.09M	14.12M	13.72M	13.38M	13.21M	12.85M	12.71M	12.72M	12.71M
Additional Paid-in Capital	361.47M	366.56M	369.12M	309.55M	256.4M	233.12M	175.91M	154.65M	159.69M	157.9M
Retained Earnings	1.14B	1.19B	1.23B	1.32B	1.41B	1.5B	1.59B	1.6B	1.71B	1.88B
Accumulated OCI	-45.39M	-45.8M	-39.73M	-55.68M	-23.6M	-1.05M	-32.56M	-275.4M	-219.72M	-83.66M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	171.89M	148.34M	206.61M	239.2M	116.45M	65.35M	348.77M	296.52M	196.89M	116.93M
Operating CF Growth %	-0.19%	-0.14%	0.39%	0.16%	-0.51%	-0.44%	4.34%	-0.15%	-0.34%	-0.41%
Net Income	116.04M	108.41M	105.63M	149.58M	150.46M	160.03M	147.37M	71.89M	165.49M	223.01M
Depreciation & Amortization	37.06M	36.61M	38.47M	38.94M	39.42M	41.33M	45.81M	39.88M	35.76M	38.07M
Deferred Taxes	14.8M	18M	26.07M	11.74M	-3.88M	-19.8M	20.11M	-16.8M	-4.8M	23.8M
Other Non-Cash Items	-30.76M	-1.84M	-415K	38.23M	-56.89M	-85.42M	67.83M	80.84M	-28.64M	-53.18M
Working Capital Changes	35.4M	-12.85M	32.54M	-3.17M	-17.45M	-35.98M	62.05M	115.82M	22.92M	-114.77M
Cash from Investing+	-527.28M	-649.66M	-348.86M	438.79M	-74.24M	-1.22B	-1.01B	-2.28B	-411.17M	284.59M
Purchase of Investments	-617.18M	-786.67M	-421.44M	-23.92M	-181.16M	-1.06B	-2.17B	-857.79M	-35.83M	-1.59B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-2.79M	0	-19.77M	0	-347K	-7.93M	0	0	0	321.35M
Other Investing	-501.03M	-641.76M	-564.28M	-131.02M	-474.05M	-1.01B	158.28M	-1.97B	-744.45M	-165.28M
Cash from Financing+	317.17M	552.19M	150.32M	-664.19M	-32.85M	2.75B	970.57M	451.84M	455.04M	-809.62M
Dividends Paid	-62.6M	-62.67M	-62.8M	-62.42M	-59.8M	-58.77M	-58.09M	-56.68M	-56.65M	-56.79M
Share Repurchases	-863K	-1.77M	-1.72M	-63.85M	-58.27M	-28.64M	-61.8M	-26.29M	-1.09M	-9.02M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	-112.63M	567.47M	285.35M	367.54M	86.69M	2.71B	1.11B	-438.76M	1.09B	-543.33M
Net Change in Cash+	-38.22M	49.95M	8.06M	13.79M	9.36M	1.59B	314.32M	-1.53B	240.76M	-408.09M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	315.97M	277.75M	327.71M	335.77M	349.56M	358.92M	1.95B	2.27B	734.79M	975.34M
Cash at End	277.75M	327.71M	335.77M	349.56M	358.92M	1.95B	2.27B	734.79M	975.54M	567.25M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	151.04M	130.1M	187.89M	211.36M	85.71M	34.52M	317.57M	262.5M	148.23M	88.34M
FCF Growth %	-0.24%	-0.14%	0.44%	0.12%	-0.59%	-0.6%	8.2%	-0.17%	-0.44%	-0.4%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.02%	7.24%	6.83%	9.46%	9.25%	9.41%	8.46%	4.45%	10.49%	12.31%
Return on Assets (ROA)	0.93%	0.83%	0.78%	1.1%	1.12%	1.07%	0.86%	0.4%	0.9%	1.21%
Net Interest Margin	3.09%	2.9%	2.95%	3.16%	3.16%	2.58%	2.38%	2.75%	2.95%	3.22%
Efficiency Ratio	65.01%	65.96%	64.3%	57.61%	56.62%	57.42%	69.16%	77.86%	41.99%	45.73%
Equity / Assets	11.62%	11.39%	11.39%	11.98%	12.3%	10.52%	9.9%	8.28%	8.88%	10.81%
Book Value / Share	21.76	22.43	23.15	23.52	25.64	27.36	27.65	24.29	27.14	31.97
NII Growth	-3.35%	-1.08%	5.17%	2.91%	1.71%	-0.01%	-1.92%	18.25%	11.76%	5.71%
Dividend Payout	53.95%	57.8%	59.45%	41.73%	39.75%	36.72%	39.42%	78.84%	34.23%	25.47%

Frequently Asked Questions

Valuation & Price

Trustmark Corporation (TRMK) has a price-to-earnings (P/E) ratio of 11.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Trustmark Corporation (TRMK) saw revenue decline by 9.3% over the past year.

Yes, Trustmark Corporation (TRMK) is profitable, generating $222.6M in net income for fiscal year 2024 (26.8% net margin).

Dividend & Returns

Yes, Trustmark Corporation (TRMK) pays a dividend with a yield of 2.25%. This makes it attractive for income-focused investors.

Trustmark Corporation (TRMK) has a return on equity (ROE) of 12.3%. This is reasonable for most industries.

Industry Metrics

Trustmark Corporation (TRMK) has a net interest margin (NIM) of 3.2%. This indicates healthy earnings from lending activities.

Trustmark Corporation (TRMK) has an efficiency ratio of 45.7%. This is excellent, indicating strong cost control.

US Stock Screener

...