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Trustmark (TRMK) Financials

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$34.82 +0.17 (+0.49%)
Closing price 05/29/2025 04:00 PM Eastern
Extended Trading
$34.80 -0.02 (-0.06%)
As of 05/29/2025 04:04 PM Eastern
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Annual Income Statements for Trustmark

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

Quarterly Income Statements for Trustmark

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

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 54 56 51 74 42 36 34 45 50 -34 42
Consolidated Net Income / (Loss)		 54 56 51 74 42 36 34 45 50 -34 42
Net Income / (Loss) Continuing Operations		 54 53 51 -101 42 31 31 41 50 -45 42
Total Pre-Tax Income 		65 60 62 -138 50 37 37 48 60 -66 50
Total Revenue		 195 181 192 -0.26 188 159 176 178 189 138 189
Net Interest Income / (Expense)		 152 156 155 141 133 137 139 140 138 147 136
Total Interest Income		 229 240 252 239 230 233 229 219 199 177 144
Loans and Leases Interest Income		 199 208 217 213 206 207 203 190 176 156 127
Investment Securities Interest Income		 26 26 26 18 16 16 17 17 17 17 16
Federal Funds Sold and Securities Borrowed Interest Income		 0.00 - 0.01 0.00 0.00 - 0.00 0.05 0.03 - 0.00
Other Interest Income		 3.85 5.14 8.29 8.12 8.11 10.00 8.61 12 6.53 3.63 1.49
Total Interest Expense		 77 84 97 98 97 96 90 79 61 30 8.32
Deposits Interest Expense		 68 76 86 84 84 81 70 54 41 18 5.10
Federal Funds Purchased and Securities Sold Interest Expense		 4.30 4.04 4.86 5.66 5.59 5.35 5.38 4.87 4.83 4.76 1.23
Other Interest Expense		 5.08 3.92 5.97 8.78 7.70 9.95 15 19 16 6.73 2.00
Total Non-Interest Income		 43 25 38 -141 55 22 37 38 51 -8.55 53
Trust Fees by Commissions		 9.54 9.32 9.29 9.69 8.95 8.66 8.77 8.88 8.78 8.08 8.78
Service Charges on Deposit Accounts		 11 11 11 11 11 11 11 11 10 11 11
Other Service Charges		 7.66 9.91 7.93 0.00 15 11 8.22 0.00 14 -5.60 14
Net Realized & Unrealized Capital Gains on Investments		 0.00 - 0.00 -183 - - 0.00 0.00 - - -
Other Non-Interest Income		 15 -5.50 9.07 21 20 -8.62 8.86 18 18 -22 19
Provision for Credit Losses		 5.29 7.46 6.55 20 7.52 6.70 8.43 8.46 1.00 12 12
Total Non-Interest Expense		 124 113 123 118 131 115 130 122 128 192 127
Salaries and Employee Benefits		 68 59 67 65 75 60 67 67 74 40 73
Net Occupancy & Equipment Expense		 14 13 14 14 14 13 14 13 14 13 13
Other Operating Expenses		 42 41 43 40 42 42 49 42 40 139 41
Income Tax Expense		 12 7.44 11 -38 7.98 5.66 6.29 6.45 9.34 -21 7.97
Net Income / (Loss) Discontinued Operations		 0.00 - 0.00 174 - - 3.48 3.83 - - -
Basic Earnings per Share		 $0.88 $0.92 $0.84 $1.21 $0.68 $0.59 $0.56 $0.74 $0.82 ($0.55) $0.69
Weighted Average Basic Shares Outstanding		 60.48M 60.77M 61.16M 61.21M 61.20M 61.08M 61.07M 61.07M 61.07M 60.98M 60.95M
Diluted Earnings per Share		 $0.88 $0.91 $0.84 $1.20 $0.68 $0.58 $0.56 $0.74 $0.82 ($0.55) $0.69
Weighted Average Diluted Shares Outstanding		 60.48M 60.77M 61.16M 61.21M 61.20M 61.08M 61.07M 61.07M 61.07M 60.98M 60.95M
Weighted Average Basic & Diluted Shares Outstanding		 60.48M 60.77M 61.16M 61.21M 61.20M 61.08M 61.07M 61.07M 61.07M 60.98M 60.95M
Cash Dividends to Common per Share		 $0.24 - $0.23 $0.23 $0.23 - $0.23 $0.23 $0.23 - $0.23

Annual Cash Flow Statements for Trustmark

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

Quarterly Cash Flow Statements for Trustmark

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 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 20 -238 -17 216 -369 225 -82 -465 562 -3,319 3,312
Net Cash From Operating Activities		 82 99 60 17 -59 64 106 24 2.56 68 78
Net Cash From Continuing Operating Activities		 82 99 60 17 -59 64 106 24 2.56 68 80
Net Income / (Loss) Continuing Operations		 54 56 51 74 42 36 34 45 50 -34 42
Consolidated Net Income / (Loss)		 54 56 51 74 42 36 34 45 50 -34 42
Provision For Loan Losses		 5.29 - - - 7.52 6.70 8.43 8.46 1.00 - 12
Depreciation Expense		 8.57 9.66 9.72 10 8.56 9.63 9.68 8.78 7.67 9.53 9.67
Amortization Expense		 -5.91 -5.89 -6.06 0.01 1.37 1.55 1.26 1.52 1.81 2.11 2.42
Non-Cash Adjustments to Reconcile Net Income		 6.48 65 -57 -32 37 -7.48 19 -13 -58 24 25
Changes in Operating Assets and Liabilities, net		 14 7.54 28 -28 -155 18 34 -27 -0.25 78 -11
Net Cash From Investing Activities		 -144 8.79 8.55 319 -51 -52 -97 -13 -249 -540 -597
Net Cash From Continuing Investing Activities		 -144 8.79 8.55 319 -51 -52 -97 -13 -249 -571 -567
Purchase of Property, Leasehold Improvements and Equipment		 -4.28 -4.15 -10 -7.09 -7.09 -8.01 -10 -11 -20 -7.87 -8.60
Purchase of Investment Securities		 -217 -85 -48 -1,550 -125 -157 -209 -130 -301 -621 -706
Sale of Property, Leasehold Improvements and Equipment		 3.23 - 0.00 2.22 0.00 0.04 0.01 0.59 1.23 0.18 -
Sale and/or Maturity of Investments		 77 85 77 1,865 82 92 105 120 93 117 133
Net Increase in Fed Funds Sold		 0.00 10 -10 - 0.00 - - - 4.00 -14 10
Other Investing Activities, net		 -2.37 3.10 -0.47 7.61 -0.74 21 17 6.78 -27 -45 5.58
Net Cash From Financing Activities		 81 -346 -85 -119 -259 213 -91 -476 809 176 808
Net Cash From Continuing Financing Activities		 81 -346 -85 -119 -259 213 -91 -476 809 728 256
Net Change in Deposits		 -27 -133 -222 124 -231 468 188 130 346 12 -345
Issuance of Debt		 105 -150 100 -150 0.00 - -275 -425 450 825 150
Repayment of Debt		 -0.11 -0.05 -0.11 -0.16 -0.10 -575 -0.10 -0.20 -0.35 -0.33 -0.34
Repurchase of Common Equity		 -15 - - - - - - - - - -8.01
Payment of Dividends		 -15 -14 -14 -14 -14 -14 -14 -14 -14 -14 -14
Other Financing Activities, Net		 34 -42 52 -79 -14 84 11 -167 28 -95 474

Annual Balance Sheets for Trustmark

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

Quarterly Balance Sheets for Trustmark

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 Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 18,296 18,480 18,452 18,377 18,391 18,423 18,877 17,191
Cash and Due from Banks		 587 805 822 606 750 832 1,297 480
Federal Funds Sold		 0.00 10 - 0.00 0.00 0.00 0.00 10
Trading Account Securities		 3,241 3,301 3,188 3,290 3,374 3,512 3,634 3,767
Loans and Leases, Net of Allowance		 -167 -158 -155 -143 -134 -129 0.00 0.00
Allowance for Loan and Lease Losses		 167 158 155 143 134 129 - -
Premises and Equipment, Net		 231 236 233 233 231 228 224 211
Goodwill		 335 335 335 384 384 384 384 384
Intangible Assets		 0.00 0.15 0.18 2.85 3.09 3.22 3.35 3.95
Other Assets		 14,069 13,951 14,030 14,003 13,783 13,593 13,334 12,335
Total Liabilities & Shareholders' Equity		 18,296 18,480 18,452 18,377 18,391 18,423 18,877 17,191
Total Liabilities		 16,275 16,500 16,573 16,694 16,820 16,851 17,315 15,682
Non-Interest Bearing Deposits		 3,070 3,143 3,154 3,040 3,320 3,461 3,797 4,359
Interest Bearing Deposits		 12,011 12,098 12,309 12,299 11,782 11,453 10,987 10,066
Federal Funds Purchased and Securities Sold		 360 366 314 393 322 311 478 544
Short-Term Debt		 405 443 337 482 793 1,057 - -
Long-Term Debt		 212 186 185 185 185 185 1,670 408
Other Long-Term Liabilities		 217 265 274 295 418 384 383 304
Total Equity & Noncontrolling Interests		 2,021 1,980 1,879 1,683 1,570 1,571 1,562 1,509
Total Preferred & Common Equity		 2,021 1,980 1,879 1,683 1,570 1,571 1,562 1,509
Total Common Equity		 2,021 1,980 1,879 1,683 1,570 1,571 1,562 1,509
Common Stock		 156 176 175 173 171 170 168 167
Retained Earnings		 1,914 1,833 1,796 1,736 1,687 1,667 1,636 1,649
Accumulated Other Comprehensive Income / (Loss)		 -49 -29 -92 -227 -288 -266 -242 -306

Annual Metrics And Ratios for Trustmark

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

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

Quarterly Metrics And Ratios for Trustmark

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

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 13.04% 13.68% 9.52% -100.14% -0.42% 15.23% -6.97% 7.11% 23.14% -7.42% 23.81%
EBITDA Growth		 23.76% 33.49% 38.37% -321.17% -13.99% 188.05% -23.57% 6.89% 43.83% -215.04% 45.34%
EBIT Growth		 45.17% 63.70% 69.53% -390.23% -16.98% 155.70% -26.93% 16.19% 75.91% -312.29% 91.30%
NOPAT Growth		 40.50% 69.53% 68.00% -334.97% -17.43% 167.36% -28.03% 20.18% 72.20% -276.82% 100.26%
Net Income Growth		 29.13% 55.89% 50.84% 63.94% -17.43% 206.05% -19.85% 31.36% 72.20% -229.90% 100.26%
EPS Growth		 29.41% 56.90% 50.00% 62.16% -17.07% 205.45% -18.84% 32.14% 74.47% -230.95% 102.94%
Operating Cash Flow Growth		 240.78% 54.65% -44.06% -29.73% -2,387.73% -5.68% 36.72% -73.22% -95.86% -33.00% 31.68%
Free Cash Flow Firm Growth		 -125.48% -115.39% 98.52% 133.96% 172.12% 156.66% -445.55% -441.88% -685.91% -834.44% 566.06%
Invested Capital Growth		 12.26% 5.11% 2.36% -14.64% -27.30% -14.58% 32.95% 52.53% 70.04% 35.25% -6.42%
Revenue Q/Q Growth		 7.65% -5.97% 74,915.56% -100.14% -6.97% -9.40% -1.22% -5.95% -1.45% -26.86% 13.73%
EBITDA Q/Q Growth		 5.96% -2.94% 151.58% -315.60% -0.45% 0.61% -17.56% -16.15% 273.00% -187.34% 15.30%
EBIT Q/Q Growth		 8.18% -3.30% 145.16% -379.32% 2.00% 0.14% -22.69% -20.10% 215.60% -231.37% 22.93%
NOPAT Q/Q Growth		 1.29% 3.16% 153.02% -333.10% 3.95% 2.23% -25.85% -18.08% 239.28% -209.21% 23.83%
Net Income Q/Q Growth		 -4.76% 9.71% -30.48% 77.76% 14.98% 6.15% -24.44% -10.46% 247.67% -180.23% 23.83%
EPS Q/Q Growth		 -3.30% 8.33% -30.00% 76.47% 17.24% 3.57% -24.32% -9.76% 249.09% -179.71% 23.21%
Operating Cash Flow Q/Q Growth		 -16.97% 66.83% 256.10% 128.54% -191.21% -39.66% 347.35% 829.15% -96.24% -12.53% -12.39%
Free Cash Flow Firm Q/Q Growth		 -255.07% -642.26% -102.83% -65.90% 111.02% 171.39% 35.20% 27.59% -71.46% -535.43% -35.89%
Invested Capital Q/Q Growth		 7.71% -6.12% 8.65% 2.18% 0.84% -8.57% -9.40% -12.97% 18.48% 42.31% 3.95%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 34.93% 35.49% 34.38% 0.00% 31.59% 30.22% 27.22% 32.61% 36.58% -39.55% 33.13%
EBIT Margin		 33.57% 33.40% 32.48% 0.00% 26.31% 23.20% 20.99% 26.81% 31.56% -47.99% 26.72%
Profit (Net Income) Margin		 27.56% 31.15% 26.70% 0.00% 22.07% 22.71% 19.38% 25.34% 26.62% -24.68% 22.50%
Tax Burden Percent		 82.09% 93.24% 82.18% -53.38% 83.88% 97.91% 92.37% 94.50% 84.34% 51.43% 84.20%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 17.91% 12.33% 17.82% 0.00% 16.12% 15.34% 17.07% 13.54% 15.66% 0.00% 15.80%
Return on Invested Capital (ROIC)		 6.45% 6.87% 6.19% 0.00% 6.00% 5.44% 5.72% 7.44% 7.63% -9.15% 7.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.45% 7.46% 6.19% 0.00% 6.00% 5.96% 6.22% 7.95% 7.63% -7.52% 7.46%
Return on Net Nonoperating Assets (RNNOA)		 2.24% 2.38% 2.80% 0.00% 4.32% 3.60% 2.80% 3.77% 4.63% -3.52% 1.56%
Return on Equity (ROE)		 8.68% 9.25% 8.99% 0.00% 10.33% 9.04% 8.52% 11.21% 12.26% -12.66% 9.02%
Cash Return on Invested Capital (CROIC)		 -9.12% -3.09% -0.95% 16.37% 37.23% 21.79% -24.35% -37.32% -48.25% -27.40% 13.30%
Operating Return on Assets (OROA)		 1.07% 1.02% 1.05% 0.00% 1.07% 0.89% 0.87% 1.13% 1.28% -1.74% 1.02%
Return on Assets (ROA)		 0.88% 0.95% 0.87% 0.00% 0.90% 0.87% 0.80% 1.07% 1.08% -0.90% 0.86%
Return on Common Equity (ROCE)		 8.68% 9.25% 8.99% 0.00% 10.33% 9.04% 8.52% 11.21% 12.26% -12.66% 9.02%
Return on Equity Simple (ROE_SIMPLE)		 11.63% 0.00% 10.24% 9.87% 9.31% 0.00% 6.07% 6.60% 5.95% 0.00% 8.76%
Net Operating Profit after Tax (NOPAT)		 54 53 51 -97 42 31 31 41 50 -46 42
NOPAT Margin		 27.56% 29.29% 26.70% 0.00% 22.07% 19.64% 17.40% 23.18% 26.62% -33.59% 22.50%
Net Nonoperating Expense Percent (NNEP)		 0.00% -0.58% 0.00% -19.35% 0.00% -0.51% -0.50% -0.51% 0.00% -1.63% 0.00%
SG&A Expenses to Revenue		 42.22% 40.03% 41.73% 0.00% 47.48% 46.04% 46.30% 45.03% 46.62% 38.30% 45.66%
Operating Expenses to Revenue		 63.71% 62.47% 64.11% 0.00% 69.69% 72.59% 74.22% 68.43% 67.91% 139.21% 67.14%
Earnings before Interest and Taxes (EBIT)		 65 60 62 -138 50 37 37 48 60 -66 50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 68 64 66 -128 59 48 48 58 69 -55 63
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.04 1.10 0.98 0.98 1.01 0.99 0.82 0.79 0.92 1.33 1.17
Price to Tangible Book Value (P/TBV)		 1.24 1.33 1.18 1.19 1.31 1.25 1.08 1.05 1.22 1.80 1.57
Price to Revenue (P/Rev)		 3.59 3.86 3.26 3.16 2.24 2.36 1.75 1.66 1.95 3.08 2.68
Price to Earnings (P/E)		 8.91 9.70 9.60 9.91 10.87 9.99 13.47 11.99 15.45 27.66 13.34
Dividend Yield		 2.70% 2.60% 2.89% 3.06% 3.30% 3.40% 4.38% 4.52% 3.90% 2.82% 3.19%
Earnings Yield		 11.22% 10.31% 10.41% 10.09% 9.20% 10.01% 7.43% 8.34% 6.47% 3.61% 7.50%
Enterprise Value to Invested Capital (EV/IC)		 0.81 0.85 0.68 0.64 0.75 0.58 0.59 0.59 0.56 0.91 0.88
Enterprise Value to Revenue (EV/Rev)		 3.64 3.71 2.95 2.65 2.32 1.92 2.06 2.21 2.46 3.85 2.56
Enterprise Value to EBITDA (EV/EBITDA)		 28.49 33.84 28.52 35.43 7.69 6.04 11.20 11.05 12.41 22.56 7.92
Enterprise Value to EBIT (EV/EBIT)		 39.08 61.16 65.57 1,238.73 9.42 7.44 16.33 15.58 18.19 42.06 10.74
Enterprise Value to NOPAT (EV/NOPAT)		 35.03 46.07 49.34 103.15 11.26 8.78 17.17 16.55 19.47 40.81 12.72
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.24 17.81 21.52 11.95 12.99 6.84 7.53 9.60 7.63 8.38 5.10
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 3.60 1.70 2.44 0.00 0.00 0.00 0.00 6.38
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.31 0.25 0.32 0.28 0.40 0.40 0.62 0.79 1.07 0.83 0.27
Long-Term Debt to Equity		 0.11 0.09 0.09 0.10 0.11 0.11 0.12 0.12 1.07 0.12 0.27
Financial Leverage		 0.35 0.32 0.45 0.51 0.72 0.60 0.45 0.47 0.61 0.47 0.21
Leverage Ratio		 9.90 10.17 10.38 10.69 11.48 11.65 11.56 11.20 11.37 11.01 10.54
Compound Leverage Factor		 9.90 10.17 10.38 10.69 11.48 11.65 11.56 11.20 11.37 11.01 10.54
Debt to Total Capital		 23.39% 19.89% 24.11% 21.74% 28.40% 28.69% 38.39% 44.15% 51.67% 45.30% 21.29%
Short-Term Debt to Total Capital		 15.34% 12.31% 17.00% 14.02% 20.51% 20.74% 31.12% 37.56% 0.00% 38.52% 0.00%
Long-Term Debt to Total Capital		 8.04% 7.58% 7.11% 7.72% 7.89% 7.95% 7.27% 6.58% 51.67% 6.79% 21.29%
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% 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% 0.00%
Common Equity to Total Capital		 76.61% 80.11% 75.89% 78.26% 71.60% 71.31% 61.61% 55.85% 48.33% 54.70% 78.71%
Debt to EBITDA		 8.27 7.91 10.18 12.02 2.91 3.00 7.25 8.30 11.45 11.22 1.92
Net Debt to EBITDA		 0.40 -1.30 -3.02 -6.91 0.27 -1.38 1.69 2.74 2.56 4.51 -0.38
Long-Term Debt to EBITDA		 2.84 3.01 3.00 4.27 0.81 0.83 1.37 1.24 11.45 1.68 1.92
Debt to NOPAT		 10.17 10.77 17.62 35.01 4.26 4.36 11.12 12.43 17.97 20.29 3.09
Net Debt to NOPAT		 0.49 -1.77 -5.22 -20.11 0.39 -2.00 2.59 4.10 4.01 8.16 -0.62
Long-Term Debt to NOPAT		 3.50 4.10 5.20 12.43 1.18 1.21 2.11 1.85 17.97 3.04 3.09
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 -235 -66 -8.90 315 924 429 -601 -928 -1,281 -757 174
Operating Cash Flow to CapEx		 7,819.54% 2,392.46% 580.54% 342.82% -825.25% 805.03% 1,054.49% 234.21% 13.77% 885.15% 904.83%
Free Cash Flow to Firm to Interest Expense		 -3.04 -0.79 -0.09 3.21 9.52 4.46 -6.69 -11.80 -20.90 -25.31 20.91
Operating Cash Flow to Interest Expense		 1.07 1.18 0.61 0.17 -0.60 0.67 1.18 0.30 0.04 2.27 9.35
Operating Cash Flow Less CapEx to Interest Expense		 1.06 1.13 0.51 0.12 -0.68 0.58 1.07 0.17 -0.26 2.02 8.32
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 2.51 2.40 2.56 2.52 3.32 3.15 3.33 3.43 3.41 3.09 3.18
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,638 2,449 2,609 2,401 2,350 2,330 2,549 2,813 3,232 2,728 1,917
Invested Capital Turnover		 0.23 0.23 0.23 0.22 0.27 0.28 0.33 0.32 0.29 0.27 0.33
Increase / (Decrease) in Invested Capital		 288 119 60 -412 -882 -398 632 969 1,331 711 -131
Enterprise Value (EV)		 2,125 2,083 1,761 1,538 1,764 1,347 1,511 1,653 1,810 2,486 1,682
Market Capitalization		 2,096 2,163 1,948 1,839 1,703 1,653 1,283 1,244 1,437 1,989 1,763
Book Value per Share		 $33.26 $32.09 $32.35 $30.70 $27.49 $27.21 $25.71 $25.73 $25.62 $24.48 $24.66
Tangible Book Value per Share		 $27.76 $26.61 $26.88 $25.23 $21.17 $21.73 $19.37 $19.38 $19.26 $18.12 $18.31
Total Capital		 2,638 2,449 2,609 2,401 2,350 2,330 2,549 2,813 3,232 2,728 1,917
Total Debt		 617 487 629 522 667 669 978 1,242 1,670 1,236 408
Total Long-Term Debt		 212 186 186 185 185 185 185 185 1,670 185 408
Net Debt		 30 -80 -186 -300 61 -307 228 410 373 497 -82
Capital Expenditures (CapEx)		 1.05 4.15 10 4.87 7.09 7.97 10 10 19 7.69 8.60
Net Nonoperating Expense (NNE)		 0.00 -3.36 0.00 -171 0.00 -4.89 -3.48 -3.83 0.00 -12 0.00
Net Nonoperating Obligations (NNO)		 617 487 629 522 667 669 978 1,242 1,670 1,236 408
Total Depreciation and Amortization (D&A)		 2.66 3.78 3.66 10 9.94 11 11 10 9.48 12 12
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.88 $0.92 $0.84 $1.21 $0.68 $0.59 $0.56 $0.74 $0.82 ($0.55) $0.69
Adjusted Weighted Average Basic Shares Outstanding		 60.48M 60.77M 61.16M 61.21M 61.20M 61.08M 61.07M 61.07M 61.07M 60.98M 60.95M
Adjusted Diluted Earnings per Share		 $0.88 $0.91 $0.84 $1.20 $0.68 $0.58 $0.56 $0.74 $0.82 ($0.55) $0.69
Adjusted Weighted Average Diluted Shares Outstanding		 60.48M 60.77M 61.16M 61.21M 61.20M 61.08M 61.07M 61.07M 61.07M 60.98M 60.95M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 60.48M 60.77M 61.16M 61.21M 61.20M 61.08M 61.07M 61.07M 61.07M 60.98M 60.95M
Normalized Net Operating Profit after Tax (NOPAT)		 54 53 51 -97 42 31 31 41 50 -46 42
Normalized NOPAT Margin		 27.56% 29.29% 26.70% 0.00% 22.07% 19.64% 17.40% 23.18% 26.62% -33.59% 22.50%
Pre Tax Income Margin		 33.57% 33.40% 32.48% 0.00% 26.31% 23.20% 20.99% 26.81% 31.56% -47.99% 26.72%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.85 0.72 0.64 -1.41 0.51 0.38 0.41 0.61 0.97 -2.21 6.06
NOPAT to Interest Expense		 0.70 0.63 0.53 -0.99 0.43 0.32 0.34 0.52 0.82 -1.55 5.10
EBIT Less CapEx to Interest Expense		 0.83 0.67 0.54 -1.46 0.44 0.30 0.30 0.48 0.67 -2.47 5.03
NOPAT Less CapEx to Interest Expense		 0.68 0.58 0.42 -1.04 0.36 0.24 0.23 0.39 0.52 -1.81 4.07
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 24.38% 25.47% 28.00% 30.59% 36.18% 34.23% 59.40% 54.57% 60.93% 78.84% 43.01%
Augmented Payout Ratio		 33.95% 28.83% 28.00% 30.59% 36.18% 34.23% 59.40% 54.57% 60.93% 113.07% 82.16%

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. See Trustmark's forecast for analyst expectations on what’s next for the company.

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 5/30/2025 by MarketBeat.com Staff
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