Trustmark Corporation (TRMK) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
9.47
↓-44% vs avg
5yr avg: 16.86
30Y Low1.5·High34.0
P/FCF
↑
11.36
-7% vs avg
5yr avg: 12.17
30Y Low6.3·High50.4
P/B Ratio
↓
1.28
+9% vs avg
5yr avg: 1.17
30Y Low1.0·High2.8
ROE
↑
11.0%
↓+18% vs avg
5yr avg: 9.3%
30Y Low4%·High18%
Debt/EBITDA
↑
3.43
↓-57% vs avg
5yr avg: 8.05
30Y Low1.3·High17.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TRMK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Trustmark Corporation trades at 12.1x earnings, 19% below its 5-year average of 14.9x, sitting at the 13th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a discount of 9%. On a free-cash-flow basis, the stock trades at 11.4x P/FCF, 7% below the 5-year average of 12.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.6B | $2.4B | $2.2B | $1.7B | $2.1B | $2.0B | $1.7B | $2.2B | $1.9B | $2.2B | $2.4B |
| Enterprise Value | $3.1B | $2.8B | $2.5B | $1.8B | $3.1B | $328M | $336M | $2.3B | $1.8B | $3.3B | $3.7B |
| P/E Ratio → | 12.10 | 10.53 | 9.74 | 10.33 | 29.84 | 13.87 | 10.88 | 14.88 | 12.86 | 20.42 | 22.28 |
| P/S Ratio | 2.35 | 2.10 | 2.61 | 1.86 | 3.68 | 3.60 | 2.68 | 3.61 | 3.20 | 3.78 | 4.60 |
| P/B Ratio | 1.28 | 1.11 | 1.11 | 1.03 | 1.44 | 1.17 | 1.00 | 1.35 | 1.21 | 1.38 | 1.59 |
| P/FCF | 11.36 | 10.17 | 24.58 | 11.52 | 8.17 | 6.44 | 50.36 | 26.08 | 9.10 | 11.51 | 18.57 |
| P/OCF | 10.80 | 9.67 | 18.57 | 8.67 | 7.23 | 5.86 | 26.60 | 19.20 | 8.04 | 10.47 | 16.29 |
P/E links to full P/E history page with 30-year chart
TRMK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Trustmark Corporation's enterprise value stands at 9.5x EBITDA, 44% below its 5-year average of 16.9x. The Financial Services sector median is 11.4x, placing the stock at a 17% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.50 | 2.95 | 2.01 | 5.37 | 0.58 | 0.52 | 3.73 | 3.07 | 5.82 | 7.07 |
| EV / EBITDA | 9.47 | 8.62 | 34.02 | 8.51 | 31.66 | 1.48 | 1.45 | 10.84 | 8.75 | 17.27 | 21.08 |
| EV / EBIT | 10.79 | 9.82 | 72.05 | 10.19 | 53.03 | 1.87 | 1.77 | 13.30 | 10.74 | 21.58 | 26.61 |
| EV / FCF | — | 12.10 | 27.77 | 12.45 | 11.94 | 1.03 | 9.72 | 26.98 | 8.73 | 17.73 | 28.53 |
TRMK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Trustmark Corporation earns an operating margin of 25.5%, above the Financial Services sector average of 21.4%. Operating margins have expanded from 19.8% to 25.5% over the past 3 years, signaling improving operational efficiency. ROE of 11.0% is modest. ROIC of 7.1% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.0% | 71.0% | 49.8% | 61.7% | 88.0% | 100.1% | 86.6% | 84.7% | 86.2% | 91.3% | 92.5% |
| Operating Margin | 25.5% | 25.5% | 4.1% | 19.8% | 10.1% | 30.9% | 29.2% | 28.1% | 28.6% | 27.0% | 26.6% |
| Net Profit Margin | 20.0% | 20.0% | 26.8% | 18.1% | 12.3% | 26.0% | 24.6% | 24.3% | 24.9% | 18.5% | 20.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.0% | 11.0% | 12.3% | 10.5% | 4.4% | 8.5% | 9.4% | 9.3% | 9.5% | 6.8% | 7.2% |
| ROA | 1.2% | 1.2% | 1.2% | 0.9% | 0.4% | 0.9% | 1.1% | 1.1% | 1.1% | 0.8% | 0.8% |
| ROIC | 7.1% | 7.1% | 0.9% | 4.5% | 1.6% | 5.7% | 6.5% | 6.6% | 5.2% | 3.7% | 3.4% |
| ROCE | 3.2% | 3.2% | 1.3% | 6.3% | 2.3% | 8.0% | 9.2% | 9.5% | 9.8% | 8.2% | 6.6% |
TRMK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Trustmark Corporation carries a Debt/EBITDA ratio of 3.4x, which is moderately leveraged (17% below the sector average of 4.1x). Net debt stands at $448M ($1.1B total debt minus $668M cash). Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.53 | 0.53 | 0.43 | 0.67 | 1.16 | 0.32 | 0.32 | 0.26 | 0.17 | 0.96 | 1.07 |
| Debt / EBITDA | 3.43 | 3.43 | 11.78 | 5.14 | 17.42 | 2.49 | 2.38 | 2.04 | 1.29 | 7.80 | 9.21 |
| Net Debt / Equity | — | 0.21 | 0.14 | 0.08 | 0.66 | -0.99 | -0.81 | 0.05 | -0.05 | 0.74 | 0.85 |
| Net Debt / EBITDA | 1.38 | 1.38 | 3.92 | 0.64 | 10.00 | -7.76 | -6.07 | 0.36 | -0.37 | 6.06 | 7.35 |
| Debt / FCF | — | 1.93 | 3.20 | 0.93 | 3.77 | -5.40 | -40.64 | 0.90 | -0.37 | 6.22 | 9.95 |
| Interest Coverage | 0.91 | 0.91 | 0.09 | 0.56 | 1.25 | 7.26 | 4.54 | 2.07 | 2.60 | 3.65 | 5.68 |
TRMK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.73x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.17x to 0.73x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.73 | 0.73 | 0.15 | 0.17 | 0.18 | 0.36 | 0.27 | 0.17 | 0.19 | 0.21 | 0.24 |
| Quick Ratio | 0.73 | 0.73 | 0.15 | 0.17 | 0.18 | 0.36 | 0.27 | 0.17 | 0.19 | 0.21 | 0.24 |
| Cash Ratio | 0.19 | 0.19 | 0.04 | 0.06 | 0.05 | 0.15 | 0.14 | 0.03 | 0.03 | 0.03 | 0.03 |
| Asset Turnover | — | 0.06 | 0.05 | 0.05 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
TRMK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Trustmark Corporation returns 5.2% to shareholders annually — split between a 2.2% dividend yield and 3.0% buyback yield. The payout ratio of 26.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.2% | 2.5% | 2.6% | 3.3% | 2.6% | 2.8% | 3.4% | 2.7% | 3.2% | 2.9% | 2.6% |
| Payout Ratio | 26.1% | 26.1% | 25.5% | 34.2% | 78.8% | 39.4% | 36.7% | 39.7% | 41.7% | 59.4% | 57.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.3% | 9.5% | 10.3% | 9.7% | 3.4% | 7.2% | 9.2% | 6.7% | 7.8% | 4.9% | 4.5% |
| FCF Yield | 8.8% | 9.8% | 4.1% | 8.7% | 12.2% | 15.5% | 2.0% | 3.8% | 11.0% | 8.7% | 5.4% |
| Buyback Yield | 3.0% | 3.4% | 0.4% | 0.1% | 1.2% | 3.0% | 1.6% | 2.6% | 3.3% | 0.1% | 0.1% |
| Total Shareholder Yield | 5.2% | 5.9% | 3.0% | 3.4% | 3.9% | 5.9% | 5.0% | 5.3% | 6.6% | 3.0% | 2.7% |
| Shares Outstanding | — | $61M | $61M | $61M | $61M | $63M | $64M | $65M | $68M | $68M | $68M |
Peer Comparison
Compare TRMK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TRMKYou | $3B | 12.1 | 9.5 | 11.4 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 HOMB | $5B | 13.3 | 10.1 | 12.5 | 65.6% | 36.0% | 10.4% | 7.2% | 2.2 |
 SFNC | $3B | -7.3 | — | 6.9 | 5.8% | -84.2% | -11.4% | -9.1% | — |
 HOPE | $2B | 27.2 | 17.1 | 10.6 | 48.6% | 8.3% | 2.6% | 2.3% | 4.7 |
 IBCP | $690M | 10.3 | 9.3 | 9.8 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 RNST | $4B | 19.3 | 15.4 | 15.8 | 60.8% | 15.7% | 5.5% | 4.2% | 4.3 |
 FFIN | $5B | 20.7 | 14.1 | 15.7 | 70.8% | 36.8% | 14.4% | 11.0% | 0.7 |
 BOKF | $10B | 16.6 | 17.4 | 7.3 | 57.1% | 19.8% | 9.8% | 4.1% | 5.8 |
 UMBF | $10B | 14.4 | 12.1 | 10.2 | 54.4% | 20.3% | 12.6% | 7.5% | 3.6 |
 CVBF | $3B | 13.5 | 13.0 | 12.8 | 79.9% | 43.8% | 9.3% | 6.8% | 3.5 |
 BANR | $2B | 11.5 | 9.5 | 8.9 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonTRMK — Frequently Asked Questions
Quick answers to the most common questions about buying TRMK stock.
What is Trustmark Corporation's P/E ratio?
Trustmark Corporation's current P/E ratio is 12.1x. The historical average is 16.9x. This places it at the 13th percentile of its historical range.
What is Trustmark Corporation's EV/EBITDA?
Trustmark Corporation's current EV/EBITDA is 9.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
What is Trustmark Corporation's ROE?
Trustmark Corporation's return on equity (ROE) is 11.0%. The historical average is 11.2%.
Is TRMK stock overvalued?
Based on historical data, Trustmark Corporation is trading at a P/E of 12.1x. This is at the 13th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Trustmark Corporation's dividend yield?
Trustmark Corporation's current dividend yield is 2.16% with a payout ratio of 26.1%.
What are Trustmark Corporation's profit margins?
Trustmark Corporation has 71.0% gross margin and 25.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Trustmark Corporation have?
Trustmark Corporation's Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.