Trustmark (TRMK) Financials

$34.51 -0.21 (-0.60%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$35.09 +0.58 (+1.68%)

As of 07:41 AM Eastern

Annual Income Statements for Trustmark

This table shows Trustmark's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	72	165	223
Consolidated Net Income / (Loss)	72	165	223
Net Income / (Loss) Continuing Operations	61	153	45
Total Pre-Tax Income	59	181	34
Total Revenue	646	701	561
Net Interest Income / (Expense)	495	553	584
Total Interest Income	542	879	960
Loans and Leases Interest Income	474	775	845
Investment Securities Interest Income	60	66	86
Other Interest Income	8.15	37	30
Total Interest Expense	47	326	376
Deposits Interest Expense	29	246	329
Federal Funds Purchased and Securities Sold Interest Expense	6.13	20	20
Other Interest Expense	12	60	26
Total Non-Interest Income	151	148	-23
Trust Fees by Commissions	35	35	37
Service Charges on Deposit Accounts	42	43	44
Other Service Charges	36	33	33
Net Realized & Unrealized Capital Gains on Investments	0.00	0.04	-183
Other Non-Interest Income	38	36	44
Provision for Credit Losses	23	25	41
Total Non-Interest Expense	564	496	486
Salaries and Employee Benefits	254	268	266
Net Occupancy & Equipment Expense	52	54	54
Other Operating Expenses	258	173	165
Income Tax Expense	-1.81	28	-11
Net Income / (Loss) Discontinued Operations	11	12	178
Basic Earnings per Share	$1.17	$2.71	$3.65
Weighted Average Basic Shares Outstanding	60.98M	61.08M	60.77M
Diluted Earnings per Share	$1.17	$2.70	$3.63
Weighted Average Diluted Shares Outstanding	60.98M	61.08M	60.77M
Weighted Average Basic & Diluted Shares Outstanding	60.98M	61.08M	60.77M
Cash Dividends to Common per Share	$0.92	$0.92	$0.92

This table shows Trustmark's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	42	-34	50	45	34	36	42	74	51	56
Consolidated Net Income / (Loss)	42	-34	50	45	34	36	42	74	51	56
Net Income / (Loss) Continuing Operations	42	-45	50	41	31	31	42	-101	51	53
Total Pre-Tax Income	50	-66	60	48	37	37	50	-138	62	60
Total Revenue	189	138	189	178	176	159	188	-0.26	192	181
Net Interest Income / (Expense)	136	147	138	140	139	137	133	141	155	156
Total Interest Income	144	177	199	219	229	233	230	239	252	240
Loans and Leases Interest Income	127	156	176	190	203	207	206	213	217	208
Investment Securities Interest Income	16	17	17	17	17	16	16	18	26	26
Other Interest Income	1.49	3.63	6.53	12	8.61	10.00	8.11	8.12	8.29	5.14
Total Interest Expense	8.32	30	61	79	90	96	97	98	97	84
Deposits Interest Expense	5.10	18	41	54	70	81	84	84	86	76
Federal Funds Purchased and Securities Sold Interest Expense	1.23	4.76	4.83	4.87	5.38	5.35	5.59	5.66	4.86	4.04
Other Interest Expense	2.00	6.73	16	19	15	9.95	7.70	8.78	5.97	3.92
Total Non-Interest Income	53	-8.55	51	38	37	22	55	-141	38	25
Trust Fees by Commissions	8.78	8.08	8.78	8.88	8.77	8.66	8.95	9.69	9.29	9.32
Service Charges on Deposit Accounts	11	11	10	11	11	11	11	11	11	11
Other Service Charges	14	-5.60	14	0.00	8.22	11	15	0.00	7.93	9.91
Other Non-Interest Income	19	-22	18	18	8.86	-8.62	20	21	9.07	-5.50
Provision for Credit Losses	12	12	1.00	8.46	8.43	6.70	7.52	20	6.55	7.46
Total Non-Interest Expense	127	192	128	122	130	115	131	118	123	113
Salaries and Employee Benefits	73	40	74	67	67	60	75	65	67	59
Net Occupancy & Equipment Expense	13	13	14	13	14	13	14	14	14	13
Other Operating Expenses	41	139	40	42	49	42	42	40	43	41
Income Tax Expense	7.97	-21	9.34	6.45	6.29	5.66	7.98	-38	11	7.44
Basic Earnings per Share	$0.69	($0.55)	$0.82	$0.74	$0.56	$0.59	$0.68	$1.21	$0.84	$0.92
Weighted Average Basic Shares Outstanding	60.95M	60.98M	61.07M	61.07M	61.07M	61.08M	61.20M	61.21M	61.16M	60.77M
Diluted Earnings per Share	$0.69	($0.55)	$0.82	$0.74	$0.56	$0.58	$0.68	$1.20	$0.84	$0.91
Weighted Average Diluted Shares Outstanding	60.95M	60.98M	61.07M	61.07M	61.07M	61.08M	61.20M	61.21M	61.16M	60.77M
Weighted Average Basic & Diluted Shares Outstanding	60.95M	60.98M	61.07M	61.07M	61.07M	61.08M	61.20M	61.21M	61.16M	60.77M

This table details how cash moves in and out of Trustmark's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-1,532	241	-408
Net Cash From Operating Activities	297	197	117
Net Cash From Continuing Operating Activities	297	197	117
Net Income / (Loss) Continuing Operations	72	165	223
Consolidated Net Income / (Loss)	72	165	223
Depreciation Expense	40	36	38
Amortization Expense	11	6.14	-11
Non-Cash Adjustments to Reconcile Net Income	115	-59	14
Changes in Operating Assets and Liabilities, net	58	24	-147
Net Cash From Investing Activities	-2,280	-411	285
Net Cash From Continuing Investing Activities	-2,280	-411	285
Purchase of Property, Leasehold Improvements and Equipment	-34	-49	-29
Purchase of Investment Securities	-2,783	-798	-1,807
Sale of Property, Leasehold Improvements and Equipment	5.11	1.86	2.22
Sale and/or Maturity of Investments	575	412	2,109
Net Increase in Fed Funds Sold	-4.00	4.00	0.00
Other Investing Activities, net	-39	18	9.50
Net Cash From Financing Activities	452	455	-810
Net Cash From Continuing Financing Activities	452	455	-810
Net Change in Deposits	-650	1,132	-462
Issuance of Debt	975	-	-200
Repayment of Debt	-1.41	-576	-0.42
Repurchase of Common Equity	-25	0.00	-7.50
Payment of Dividends	-57	-57	-57
Other Financing Activities, Net	209	-45	-83

This table details how cash moves in and out of Trustmark's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	3,312	-3,319	562	-465	-82	225	-369	216	-17	-238
Net Cash From Operating Activities	78	68	2.56	24	106	64	-59	17	60	99
Net Cash From Continuing Operating Activities	80	68	2.56	24	106	64	-59	17	60	99
Net Income / (Loss) Continuing Operations	42	-34	50	45	34	36	42	74	51	56
Consolidated Net Income / (Loss)	42	-34	50	45	34	36	42	74	51	56
Depreciation Expense	9.67	9.53	7.67	8.78	9.68	9.63	8.56	10	9.72	9.66
Amortization Expense	2.42	2.11	1.81	1.52	1.26	1.55	1.37	0.01	-6.06	-5.89
Non-Cash Adjustments to Reconcile Net Income	25	24	-58	-13	19	-7.48	37	-32	-57	65
Changes in Operating Assets and Liabilities, net	-11	78	-0.25	-27	34	18	-155	-28	28	7.54
Net Cash From Investing Activities	-597	-540	-249	-13	-97	-52	-51	319	8.55	8.79
Net Cash From Continuing Investing Activities	-567	-571	-249	-13	-97	-52	-51	319	8.55	8.79
Purchase of Property, Leasehold Improvements and Equipment	-8.60	-7.87	-20	-11	-10	-8.01	-7.09	-7.09	-10	-4.15
Purchase of Investment Securities	-706	-621	-301	-130	-209	-157	-125	-1,550	-48	-85
Sale and/or Maturity of Investments	133	117	93	120	105	92	82	1,865	77	85
Net Increase in Fed Funds Sold	10	-14	4.00	-	-	-	0.00	-	-10	10
Other Investing Activities, net	5.58	-45	-27	6.78	17	21	-0.74	7.61	-0.47	3.10
Net Cash From Financing Activities	808	176	809	-476	-91	213	-259	-119	-85	-346
Net Cash From Continuing Financing Activities	256	728	809	-476	-91	213	-259	-119	-85	-346
Net Change in Deposits	-345	12	346	130	188	468	-231	124	-222	-133
Issuance of Debt	150	825	450	-425	-275	-	0.00	-150	100	-150
Repayment of Debt	-0.34	-0.33	-0.35	-0.20	-0.10	-575	-0.10	-0.16	-0.11	-0.05
Payment of Dividends	-14	-14	-14	-14	-14	-14	-14	-14	-14	-14
Other Financing Activities, Net	474	-95	28	-167	11	84	-14	-79	52	-42

This table presents Trustmark's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	18,015	18,722	18,152
Cash and Due from Banks	735	975	567
Federal Funds Sold	4.00	0.00	0.00
Trading Account Securities	3,654	3,374	3,228
Loans and Leases, Net of Allowance	-120	-139	-160
Allowance for Loan and Lease Losses	120	139	160
Premises and Equipment, Net	212	232	235
Goodwill	384	335	335
Intangible Assets	3.64	0.24	0.13
Other Assets	13,143	13,945	13,947
Total Liabilities & Shareholders' Equity	18,015	18,722	18,152
Total Liabilities	16,523	17,060	16,190
Non-Interest Bearing Deposits	4,094	3,198	3,074
Interest Bearing Deposits	10,344	12,372	12,035
Federal Funds Purchased and Securities Sold	449	406	324
Short-Term Debt	1,051	483	302
Long-Term Debt	185	185	186
Other Long-Term Liabilities	400	416	271
Total Equity & Noncontrolling Interests	1,492	1,662	1,962
Total Preferred & Common Equity	1,492	1,662	1,962
Total Common Equity	1,492	1,662	1,962
Common Stock	167	172	171
Retained Earnings	1,600	1,709	1,875
Accumulated Other Comprehensive Income / (Loss)	-275	-220	-84

This table presents Trustmark's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	17,191	18,877	18,423	18,391	18,377	18,452	18,480
Cash and Due from Banks	480	1,297	832	750	606	822	805
Federal Funds Sold	10	0.00	0.00	0.00	0.00	-	10
Trading Account Securities	3,767	3,634	3,512	3,374	3,290	3,188	3,301
Loans and Leases, Net of Allowance	0.00	0.00	-129	-134	-143	-155	-158
Allowance for Loan and Lease Losses	-	-	129	134	143	155	158
Premises and Equipment, Net	211	224	228	231	233	233	236
Goodwill	384	384	384	384	384	335	335
Intangible Assets	3.95	3.35	3.22	3.09	2.85	0.18	0.15
Other Assets	12,335	13,334	13,593	13,783	14,003	14,030	13,951
Total Liabilities & Shareholders' Equity	17,191	18,877	18,423	18,391	18,377	18,452	18,480
Total Liabilities	15,682	17,315	16,851	16,820	16,694	16,573	16,500
Non-Interest Bearing Deposits	4,359	3,797	3,461	3,320	3,040	3,154	3,143
Interest Bearing Deposits	10,066	10,987	11,453	11,782	12,299	12,309	12,098
Federal Funds Purchased and Securities Sold	544	478	311	322	393	314	366
Short-Term Debt	-	-	1,057	793	482	337	443
Long-Term Debt	408	1,670	185	185	185	185	186
Other Long-Term Liabilities	304	383	384	418	295	274	265
Total Equity & Noncontrolling Interests	1,509	1,562	1,571	1,570	1,683	1,879	1,980
Total Preferred & Common Equity	1,509	1,562	1,571	1,570	1,683	1,879	1,980
Total Common Equity	1,509	1,562	1,571	1,570	1,683	1,879	1,980
Common Stock	167	168	170	171	173	175	176
Retained Earnings	1,649	1,636	1,667	1,687	1,736	1,796	1,833
Accumulated Other Comprehensive Income / (Loss)	-306	-242	-266	-288	-227	-92	-29

This table displays calculated financial ratios and metrics derived from Trustmark's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	0.92%	8.54%	-20.01%
EBITDA Growth	-54.38%	102.31%	-72.39%
EBIT Growth	-66.31%	206.29%	-81.19%
NOPAT Growth	-58.66%	151.63%	-70.51%
Net Income Growth	-51.22%	130.21%	34.76%
EPS Growth	-50.00%	130.77%	34.44%
Operating Cash Flow Growth	-14.98%	-33.60%	-40.61%
Free Cash Flow Firm Growth	-389.90%	184.78%	-113.39%
Invested Capital Growth	35.25%	-14.58%	5.11%
Revenue Q/Q Growth	-1.68%	-4.46%	-6.15%
EBITDA Q/Q Growth	-48.08%	65.25%	-0.33%
EBIT Q/Q Growth	-62.24%	95.61%	26.80%
NOPAT Q/Q Growth	-53.91%	74.21%	26.67%
Net Income Q/Q Growth	-45.61%	73.65%	9.95%
EPS Q/Q Growth	-45.33%	71.97%	10.00%
Operating Cash Flow Q/Q Growth	-10.16%	-1.93%	42.86%
Free Cash Flow Firm Q/Q Growth	-346.58%	201.39%	-200.76%
Invested Capital Q/Q Growth	42.31%	-8.57%	-6.12%
Profitability Metrics	-	-	-
EBITDA Margin	17.05%	31.79%	10.97%
EBIT Margin	9.15%	25.81%	6.07%
Profit (Net Income) Margin	11.13%	23.60%	39.75%
Tax Burden Percent	121.63%	91.41%	654.81%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	-3.07%	15.33%	-32.75%
Return on Invested Capital (ROIC)	2.57%	6.06%	1.89%
ROIC Less NNEP Spread (ROIC-NNEP)	4.02%	7.34%	32.66%
Return on Net Nonoperating Assets (RNNOA)	1.88%	4.43%	10.42%
Return on Equity (ROE)	4.45%	10.49%	12.31%
Cash Return on Invested Capital (CROIC)	-27.40%	21.79%	-3.09%
Operating Return on Assets (OROA)	0.33%	0.99%	0.18%
Return on Assets (ROA)	0.40%	0.90%	1.21%
Return on Common Equity (ROCE)	4.45%	10.49%	12.31%
Return on Equity Simple (ROE_SIMPLE)	4.82%	9.96%	11.36%
Net Operating Profit after Tax (NOPAT)	61	153	45
NOPAT Margin	9.43%	21.86%	8.06%
Net Nonoperating Expense Percent (NNEP)	-1.45%	-1.28%	-30.77%
SG&A Expenses to Revenue	47.42%	46.00%	57.09%
Operating Expenses to Revenue	87.31%	70.68%	86.58%
Earnings before Interest and Taxes (EBIT)	59	181	34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	110	223	62
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.33	0.99	1.10
Price to Tangible Book Value (P/TBV)	1.80	1.25	1.33
Price to Revenue (P/Rev)	3.08	2.36	3.86
Price to Earnings (P/E)	27.66	9.99	9.70
Dividend Yield	2.82%	3.40%	2.60%
Earnings Yield	3.61%	10.01%	10.31%
Enterprise Value to Invested Capital (EV/IC)	0.91	0.58	0.85
Enterprise Value to Revenue (EV/Rev)	3.85	1.92	3.71
Enterprise Value to EBITDA (EV/EBITDA)	22.56	6.04	33.84
Enterprise Value to EBIT (EV/EBIT)	42.06	7.44	61.16
Enterprise Value to NOPAT (EV/NOPAT)	40.81	8.78	46.07
Enterprise Value to Operating Cash Flow (EV/OCF)	8.38	6.84	17.81
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.44	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.83	0.40	0.25
Long-Term Debt to Equity	0.12	0.11	0.09
Financial Leverage	0.47	0.60	0.32
Leverage Ratio	11.01	11.65	10.17
Compound Leverage Factor	11.01	11.65	10.17
Debt to Total Capital	45.30%	28.69%	19.89%
Short-Term Debt to Total Capital	38.52%	20.74%	12.31%
Long-Term Debt to Total Capital	6.79%	7.95%	7.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.70%	71.31%	80.11%
Debt to EBITDA	11.22	3.00	7.91
Net Debt to EBITDA	4.51	-1.38	-1.30
Long-Term Debt to EBITDA	1.68	0.83	3.01
Debt to NOPAT	20.29	4.36	10.77
Net Debt to NOPAT	8.16	-2.00	-1.77
Long-Term Debt to NOPAT	3.04	1.21	4.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-650	551	-74
Operating Cash Flow to CapEx	1,025.83%	420.75%	443.48%
Free Cash Flow to Firm to Interest Expense	-13.80	1.69	-0.20
Operating Cash Flow to Interest Expense	6.29	0.60	0.31
Operating Cash Flow Less CapEx to Interest Expense	5.68	0.46	0.24
Efficiency Ratios	-	-	-
Asset Turnover	0.04	0.04	0.03
Fixed Asset Turnover	3.09	3.15	2.40
Capital & Investment Metrics	-	-	-
Invested Capital	2,728	2,330	2,449
Invested Capital Turnover	0.27	0.28	0.23
Increase / (Decrease) in Invested Capital	711	-398	119
Enterprise Value (EV)	2,486	1,347	2,083
Market Capitalization	1,989	1,653	2,163
Book Value per Share	$24.48	$27.21	$32.09
Tangible Book Value per Share	$18.12	$21.73	$26.61
Total Capital	2,728	2,330	2,449
Total Debt	1,236	669	487
Total Long-Term Debt	185	185	186
Net Debt	497	-307	-80
Capital Expenditures (CapEx)	29	47	26
Net Nonoperating Expense (NNE)	-11	-12	-178
Net Nonoperating Obligations (NNO)	1,236	669	487
Total Depreciation and Amortization (D&A)	51	42	27
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.17	$2.71	$3.65
Adjusted Weighted Average Basic Shares Outstanding	60.98M	61.08M	60.77M
Adjusted Diluted Earnings per Share	$1.17	$2.70	$3.63
Adjusted Weighted Average Diluted Shares Outstanding	60.98M	61.08M	60.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.98M	61.08M	60.77M
Normalized Net Operating Profit after Tax (NOPAT)	41	153	24
Normalized NOPAT Margin	6.40%	21.86%	4.25%
Pre Tax Income Margin	9.15%	25.81%	6.07%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.25	0.56	0.09
NOPAT to Interest Expense	1.29	0.47	0.12
EBIT Less CapEx to Interest Expense	0.64	0.41	0.02
NOPAT Less CapEx to Interest Expense	0.68	0.33	0.05
Payout Ratios	-	-	-
Dividend Payout Ratio	78.84%	34.23%	25.47%
Augmented Payout Ratio	113.07%	34.23%	28.83%

This table displays calculated financial ratios and metrics derived from Trustmark's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.81%	-7.42%	23.14%	7.11%	-6.97%	15.23%	-0.42%	-100.14%	9.52%	13.68%
EBITDA Growth	45.34%	-215.04%	43.83%	6.89%	-23.57%	188.05%	-13.99%	-321.17%	38.37%	33.49%
EBIT Growth	91.30%	-312.29%	75.91%	16.19%	-26.93%	155.70%	-16.98%	-390.23%	69.53%	63.70%
NOPAT Growth	100.26%	-276.82%	72.20%	20.18%	-28.03%	167.36%	-17.43%	-334.97%	68.00%	69.53%
Net Income Growth	100.26%	-229.90%	72.20%	31.36%	-19.85%	206.05%	-17.43%	63.94%	50.84%	55.89%
EPS Growth	102.94%	-230.95%	74.47%	32.14%	-18.84%	205.45%	-17.07%	62.16%	50.00%	56.90%
Operating Cash Flow Growth	31.68%	-33.00%	-95.86%	-73.22%	36.72%	-5.68%	-2,387.73%	-29.73%	-44.06%	54.65%
Free Cash Flow Firm Growth	566.06%	-834.44%	-685.91%	-441.88%	-445.55%	156.66%	172.12%	133.96%	98.52%	-115.39%
Invested Capital Growth	-6.42%	35.25%	70.04%	52.53%	32.95%	-14.58%	-27.30%	-14.64%	2.36%	5.11%
Revenue Q/Q Growth	13.73%	-26.86%	-1.45%	-5.95%	-1.22%	-9.40%	-6.97%	-100.14%	74,915.56%	-5.97%
EBITDA Q/Q Growth	15.30%	-187.34%	273.00%	-16.15%	-17.56%	0.61%	-0.45%	-315.60%	151.58%	-2.94%
EBIT Q/Q Growth	22.93%	-231.37%	215.60%	-20.10%	-22.69%	0.14%	2.00%	-379.32%	145.16%	-3.30%
NOPAT Q/Q Growth	23.83%	-209.21%	239.28%	-18.08%	-25.85%	2.23%	3.95%	-333.10%	153.02%	3.16%
Net Income Q/Q Growth	23.83%	-180.23%	247.67%	-10.46%	-24.44%	6.15%	14.98%	77.76%	-30.48%	9.71%
EPS Q/Q Growth	23.21%	-179.71%	249.09%	-9.76%	-24.32%	3.57%	17.24%	76.47%	-30.00%	8.33%
Operating Cash Flow Q/Q Growth	-12.39%	-12.53%	-96.24%	829.15%	347.35%	-39.66%	-191.21%	128.54%	256.10%	66.83%
Free Cash Flow Firm Q/Q Growth	-35.89%	-535.43%	-71.46%	27.59%	35.20%	171.39%	111.02%	-65.90%	-102.83%	-642.26%
Invested Capital Q/Q Growth	3.95%	42.31%	18.48%	-12.97%	-9.40%	-8.57%	0.84%	2.18%	8.65%	-6.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	33.13%	-39.55%	36.58%	32.61%	27.22%	30.22%	31.59%	0.00%	34.38%	35.49%
EBIT Margin	26.72%	-47.99%	31.56%	26.81%	20.99%	23.20%	26.31%	0.00%	32.48%	33.40%
Profit (Net Income) Margin	22.50%	-24.68%	26.62%	25.34%	19.38%	22.71%	22.07%	0.00%	26.70%	31.15%
Tax Burden Percent	84.20%	51.43%	84.34%	94.50%	92.37%	97.91%	83.88%	-53.38%	82.18%	93.24%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	15.80%	0.00%	15.66%	13.54%	17.07%	15.34%	16.12%	0.00%	17.82%	12.33%
Return on Invested Capital (ROIC)	7.46%	-9.15%	7.63%	7.44%	5.72%	5.44%	6.00%	0.00%	6.19%	6.87%
ROIC Less NNEP Spread (ROIC-NNEP)	7.46%	-7.52%	7.63%	7.95%	6.22%	5.96%	6.00%	0.00%	6.19%	7.46%
Return on Net Nonoperating Assets (RNNOA)	1.56%	-3.52%	4.63%	3.77%	2.80%	3.60%	4.32%	0.00%	2.80%	2.38%
Return on Equity (ROE)	9.02%	-12.66%	12.26%	11.21%	8.52%	9.04%	10.33%	0.00%	8.99%	9.25%
Cash Return on Invested Capital (CROIC)	13.30%	-27.40%	-48.25%	-37.32%	-24.35%	21.79%	37.23%	16.37%	-0.95%	-3.09%
Operating Return on Assets (OROA)	1.02%	-1.74%	1.28%	1.13%	0.87%	0.89%	1.07%	0.00%	1.05%	1.02%
Return on Assets (ROA)	0.86%	-0.90%	1.08%	1.07%	0.80%	0.87%	0.90%	0.00%	0.87%	0.95%
Return on Common Equity (ROCE)	9.02%	-12.66%	12.26%	11.21%	8.52%	9.04%	10.33%	0.00%	8.99%	9.25%
Return on Equity Simple (ROE_SIMPLE)	8.76%	0.00%	5.95%	6.60%	6.07%	0.00%	9.31%	9.87%	10.24%	0.00%
Net Operating Profit after Tax (NOPAT)	42	-46	50	41	31	31	42	-97	51	53
NOPAT Margin	22.50%	-33.59%	26.62%	23.18%	17.40%	19.64%	22.07%	0.00%	26.70%	29.29%
Net Nonoperating Expense Percent (NNEP)	0.00%	-1.63%	0.00%	-0.51%	-0.50%	-0.51%	0.00%	-19.35%	0.00%	-0.58%
SG&A Expenses to Revenue	45.66%	38.30%	46.62%	45.03%	46.30%	46.04%	47.48%	0.00%	41.73%	40.03%
Operating Expenses to Revenue	67.14%	139.21%	67.91%	68.43%	74.22%	72.59%	69.69%	0.00%	64.11%	62.47%
Earnings before Interest and Taxes (EBIT)	50	-66	60	48	37	37	50	-138	62	60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	63	-55	69	58	48	48	59	-128	66	64
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.17	1.33	0.92	0.79	0.82	0.99	1.01	0.98	0.98	1.10
Price to Tangible Book Value (P/TBV)	1.57	1.80	1.22	1.05	1.08	1.25	1.31	1.19	1.18	1.33
Price to Revenue (P/Rev)	2.68	3.08	1.95	1.66	1.75	2.36	2.24	3.16	3.26	3.86
Price to Earnings (P/E)	13.34	27.66	15.45	11.99	13.47	9.99	10.87	9.91	9.60	9.70
Dividend Yield	3.19%	2.82%	3.90%	4.52%	4.38%	3.40%	3.30%	3.06%	2.89%	2.60%
Earnings Yield	7.50%	3.61%	6.47%	8.34%	7.43%	10.01%	9.20%	10.09%	10.41%	10.31%
Enterprise Value to Invested Capital (EV/IC)	0.88	0.91	0.56	0.59	0.59	0.58	0.75	0.64	0.68	0.85
Enterprise Value to Revenue (EV/Rev)	2.56	3.85	2.46	2.21	2.06	1.92	2.32	2.65	2.95	3.71
Enterprise Value to EBITDA (EV/EBITDA)	7.92	22.56	12.41	11.05	11.20	6.04	7.69	35.43	28.52	33.84
Enterprise Value to EBIT (EV/EBIT)	10.74	42.06	18.19	15.58	16.33	7.44	9.42	1,238.73	65.57	61.16
Enterprise Value to NOPAT (EV/NOPAT)	12.72	40.81	19.47	16.55	17.17	8.78	11.26	103.15	49.34	46.07
Enterprise Value to Operating Cash Flow (EV/OCF)	5.10	8.38	7.63	9.60	7.53	6.84	12.99	11.95	21.52	17.81
Enterprise Value to Free Cash Flow (EV/FCFF)	6.38	0.00	0.00	0.00	0.00	2.44	1.70	3.60	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.27	0.83	1.07	0.79	0.62	0.40	0.40	0.28	0.32	0.25
Long-Term Debt to Equity	0.27	0.12	1.07	0.12	0.12	0.11	0.11	0.10	0.09	0.09
Financial Leverage	0.21	0.47	0.61	0.47	0.45	0.60	0.72	0.51	0.45	0.32
Leverage Ratio	10.54	11.01	11.37	11.20	11.56	11.65	11.48	10.69	10.38	10.17
Compound Leverage Factor	10.54	11.01	11.37	11.20	11.56	11.65	11.48	10.69	10.38	10.17
Debt to Total Capital	21.29%	45.30%	51.67%	44.15%	38.39%	28.69%	28.40%	21.74%	24.11%	19.89%
Short-Term Debt to Total Capital	0.00%	38.52%	0.00%	37.56%	31.12%	20.74%	20.51%	14.02%	17.00%	12.31%
Long-Term Debt to Total Capital	21.29%	6.79%	51.67%	6.58%	7.27%	7.95%	7.89%	7.72%	7.11%	7.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.71%	54.70%	48.33%	55.85%	61.61%	71.31%	71.60%	78.26%	75.89%	80.11%
Debt to EBITDA	1.92	11.22	11.45	8.30	7.25	3.00	2.91	12.02	10.18	7.91
Net Debt to EBITDA	-0.38	4.51	2.56	2.74	1.69	-1.38	0.27	-6.91	-3.02	-1.30
Long-Term Debt to EBITDA	1.92	1.68	11.45	1.24	1.37	0.83	0.81	4.27	3.00	3.01
Debt to NOPAT	3.09	20.29	17.97	12.43	11.12	4.36	4.26	35.01	17.62	10.77
Net Debt to NOPAT	-0.62	8.16	4.01	4.10	2.59	-2.00	0.39	-20.11	-5.22	-1.77
Long-Term Debt to NOPAT	3.09	3.04	17.97	1.85	2.11	1.21	1.18	12.43	5.20	4.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	174	-757	-1,281	-928	-601	429	924	315	-8.90	-66
Operating Cash Flow to CapEx	904.83%	885.15%	13.77%	234.21%	1,054.49%	805.03%	-825.25%	342.82%	580.54%	2,392.46%
Free Cash Flow to Firm to Interest Expense	20.91	-25.31	-20.90	-11.80	-6.69	4.46	9.52	3.21	-0.09	-0.79
Operating Cash Flow to Interest Expense	9.35	2.27	0.04	0.30	1.18	0.67	-0.60	0.17	0.61	1.18
Operating Cash Flow Less CapEx to Interest Expense	8.32	2.02	-0.26	0.17	1.07	0.58	-0.68	0.12	0.51	1.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03
Fixed Asset Turnover	3.18	3.09	3.41	3.43	3.33	3.15	3.32	2.52	2.56	2.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,917	2,728	3,232	2,813	2,549	2,330	2,350	2,401	2,609	2,449
Invested Capital Turnover	0.33	0.27	0.29	0.32	0.33	0.28	0.27	0.22	0.23	0.23
Increase / (Decrease) in Invested Capital	-131	711	1,331	969	632	-398	-882	-412	60	119
Enterprise Value (EV)	1,682	2,486	1,810	1,653	1,511	1,347	1,764	1,538	1,761	2,083
Market Capitalization	1,763	1,989	1,437	1,244	1,283	1,653	1,703	1,839	1,948	2,163
Book Value per Share	$24.66	$24.48	$25.62	$25.73	$25.71	$27.21	$27.49	$30.70	$32.35	$32.09
Tangible Book Value per Share	$18.31	$18.12	$19.26	$19.38	$19.37	$21.73	$21.17	$25.23	$26.88	$26.61
Total Capital	1,917	2,728	3,232	2,813	2,549	2,330	2,350	2,401	2,609	2,449
Total Debt	408	1,236	1,670	1,242	978	669	667	522	629	487
Total Long-Term Debt	408	185	1,670	185	185	185	185	185	186	186
Net Debt	-82	497	373	410	228	-307	61	-300	-186	-80
Capital Expenditures (CapEx)	8.60	7.69	19	10	10	7.97	7.09	4.87	10	4.15
Net Nonoperating Expense (NNE)	0.00	-12	0.00	-3.83	-3.48	-4.89	0.00	-171	0.00	-3.36
Net Nonoperating Obligations (NNO)	408	1,236	1,670	1,242	978	669	667	522	629	487
Total Depreciation and Amortization (D&A)	12	12	9.48	10	11	11	9.94	10	3.66	3.78
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.69	($0.55)	$0.82	$0.74	$0.56	$0.59	$0.68	$1.21	$0.84	$0.92
Adjusted Weighted Average Basic Shares Outstanding	60.95M	60.98M	61.07M	61.07M	61.07M	61.08M	61.20M	61.21M	61.16M	60.77M
Adjusted Diluted Earnings per Share	$0.69	($0.55)	$0.82	$0.74	$0.56	$0.58	$0.68	$1.20	$0.84	$0.91
Adjusted Weighted Average Diluted Shares Outstanding	60.95M	60.98M	61.07M	61.07M	61.07M	61.08M	61.20M	61.21M	61.16M	60.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.95M	60.98M	61.07M	61.07M	61.07M	61.08M	61.20M	61.21M	61.16M	60.77M
Normalized Net Operating Profit after Tax (NOPAT)	42	-46	50	41	31	31	42	-97	51	53
Normalized NOPAT Margin	22.50%	-33.59%	26.62%	23.18%	17.40%	19.64%	22.07%	0.00%	26.70%	29.29%
Pre Tax Income Margin	26.72%	-47.99%	31.56%	26.81%	20.99%	23.20%	26.31%	0.00%	32.48%	33.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.06	-2.21	0.97	0.61	0.41	0.38	0.51	-1.41	0.64	0.72
NOPAT to Interest Expense	5.10	-1.55	0.82	0.52	0.34	0.32	0.43	-0.99	0.53	0.63
EBIT Less CapEx to Interest Expense	5.03	-2.47	0.67	0.48	0.30	0.30	0.44	-1.46	0.54	0.67
NOPAT Less CapEx to Interest Expense	4.07	-1.81	0.52	0.39	0.23	0.24	0.36	-1.04	0.42	0.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.01%	78.84%	60.93%	54.57%	59.40%	34.23%	36.18%	30.59%	28.00%	25.47%
Augmented Payout Ratio	82.16%	113.07%	60.93%	54.57%	59.40%	34.23%	36.18%	30.59%	28.00%	28.83%

Frequently Asked Questions About Trustmark's Financials

When does Trustmark's fiscal year end?

According to the most recent income statement we have on file, Trustmark's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Trustmark's net income changed over the last 2 years?

Trustmark's net income appears to be on an upward trend, with a most recent value of $223.01 million in 2024, rising from $71.89 million in 2022. The previous period was $165.49 million in 2023. View Trustmark's forecast to see where analysts expect Trustmark to go next.

How has Trustmark revenue changed over the last 2 years?

Over the last 2 years, Trustmark's total revenue changed from $646.13 million in 2022 to $561.00 million in 2024, a change of -13.2%.

How much debt does Trustmark have?

Trustmark's total liabilities were at $16.19 billion at the end of 2024, a 5.1% decrease from 2023, and a 2.0% decrease since 2022.

How much cash does Trustmark have?

In the past 2 years, Trustmark's cash and equivalents has ranged from $567.25 million in 2024 to $975.34 million in 2023, and is currently $567.25 million as of their latest financial filing in 2024.

How has Trustmark's book value per share changed over the last 2 years?

Over the last 2 years, Trustmark's book value per share changed from 24.48 in 2022 to 32.09 in 2024, a change of 31.1%.

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This page (NASDAQ:TRMK) was last updated on 5/7/2025 by MarketBeat.com Staff

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Trustmark (TRMK) Financials

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Trustmark (TRMK) Financials

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