Trustmark Corp - Understand $trmk stock

$TRMK Market Cap: $2.37 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$720.6M

TTM

Gross Margin

Net Earnings

$202.8M

TTM

Current Assets

Current Liabilities

$405.3M

Q3 2024

Current Ratio

Total Assets

$18.48B

Q3 2024

Total Liabilities

$16.50B

Q3 2024

Book Value

$1.980B

Q3 2024

Cash

$805.4M

Q3 2024

P/E

11.69

Nov 13, 2024 EST

Free Cash Flow

$2.154M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$878.8M	$541.8M	$442.5M	$468.3M	$510.5M	$485.6M	$449.8M	$412.1M		$426.9M	$414.3M
YoY Change	62.2%	22.45%	-5.51%	-8.26%	5.12%	7.96%	9.15%			3.03%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2014	2013
Revenue	$878.8M	$541.8M	$442.5M	$468.3M	$510.5M	$485.6M	$449.8M	$412.1M	$426.9M	$414.3M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$35.76M	$39.88M	$45.80M	$41.30M	$39.40M	$38.90M	$38.50M	$36.60M	$37.10M	$36.10M	$37.20M	$29.30M	$25.30M	$25.60M	$26.50M	$26.90M	$27.80M	$26.70M	$24.20M	$23.90M	$33.10M	$36.90M	$26.90M	$20.90M	$21.20M	$19.70M	$19.00M	$18.00M	$17.50M	$17.10M	$17.60M	$14.60M	$12.10M	$11.00M	$9.800M	$8.800M
YoY Change	-10.35%	-12.92%	10.9%	4.82%	1.29%	1.04%	5.19%	-1.35%	2.77%	-2.96%	26.96%	15.81%	-1.17%	-3.4%	-1.49%	-3.24%	4.12%	10.33%	1.26%	-27.79%	-10.3%	37.17%	28.71%	-1.42%	7.61%	3.68%	5.56%	2.86%	2.34%	-2.84%	20.55%	20.66%	10.0%	12.24%	11.36%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	$326.0M	$47.13M	$24.16M	$41.80M	$83.90M	$66.19M	$42.25M	$24.55M	$20.46M
YoY Change	591.68%	95.05%	-42.2%	-50.18%	26.76%	56.69%	72.1%	19.98%
% of Operating Profit
Other Income/Expense, Net	$11.19M	$9.842M	$6.551M	$8.659M	$9.809M	$6.736M	$13.95M	$5.626M	-$484.0K	$614.0K	-$7.973M
YoY Change	13.67%	50.24%	-24.34%	-11.72%	45.62%	-51.71%	147.94%	-1262.4%	-178.83%	-107.7%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$197.3M	$73.75M	$175.4M	$189.8M	$173.8M	$171.9M	$154.3M	$139.5M	$151.5M	$162.1M	$154.0M	$159.4M	$148.6M	$142.8M	$137.1M	$136.3M	$163.0M	$181.2M	$156.7M	$177.4M	$181.5M	$186.1M	$171.4M	$158.3M	$149.2M	$129.1M	$107.0M	$97.40M	$91.30M	$84.20M	$72.40M	$58.30M	$36.30M	$36.00M	$33.10M	$31.70M	$29.70M	$21.50M	$19.40M	$14.20M	$9.400M
YoY Change	167.59%	-57.96%	-7.57%	9.2%	1.13%	11.34%	10.67%	-7.92%	-6.56%	5.26%	-3.39%	7.27%	4.06%	4.16%	0.59%	-16.38%	-10.04%	15.63%	-11.67%	-2.26%	-2.47%	8.58%	8.28%	6.1%	15.57%	20.65%	9.86%	6.68%	8.43%	16.3%	24.19%	60.61%	0.83%	8.76%	4.42%	6.73%	38.14%	10.82%	36.62%	51.06%
Income Tax	$31.85M	$1.860M	$28.05M	$29.76M	$23.33M	$22.27M	$48.72M	$31.05M	$35.41M	$38.53M	$36.94M	$42.10M	$41.80M	$42.10M	$44.00M	$43.90M	$54.40M	$61.90M	$53.80M	$60.70M	$63.00M	$65.00M	$60.10M	$54.10M	$51.20M	$45.80M	$35.90M	$32.30M	$31.60M	$29.20M	$20.10M	$17.50M	$8.700M	$6.900M	$5.000M	$4.100M	$3.400M	-$3.900M	-$3.600M	-$2.200M	-$3.300M
% Of Pretax Income	16.14%	2.52%	15.99%	15.68%	13.43%	12.96%	31.56%	22.27%	23.38%	23.77%	23.99%	26.41%	28.13%	29.48%	32.09%	32.21%	33.37%	34.16%	34.33%	34.22%	34.71%	34.93%	35.06%	34.18%	34.32%	35.48%	33.55%	33.16%	34.61%	34.68%	27.76%	30.02%	23.97%	19.17%	15.11%	12.93%	11.45%	-18.14%	-18.56%	-15.49%	-35.11%
Net Earnings	$165.5M	$71.89M	$147.4M	$160.0M	$150.5M	$149.6M	$105.6M	$108.4M	$116.0M	$123.6M	$117.1M	$117.3M	$106.8M	$100.6M	$93.00M	$92.40M	$108.6M	$119.3M	$103.0M	$116.7M	$118.5M	$121.1M	$111.3M	$101.7M	$98.00M	$83.30M	$71.10M	$65.10M	$59.80M	$55.00M	$52.30M	$40.80M	$27.60M	$29.10M	$28.10M	$27.50M	$26.20M	$25.40M	$23.10M	$16.40M	$12.70M
YoY Change	130.21%	-51.22%	-7.91%	6.36%	0.59%	41.61%	-2.57%	-6.57%	-6.09%	5.55%	-0.2%	9.83%	6.16%	8.17%	0.65%	-14.92%	-8.97%	15.83%	-11.74%	-1.52%	-2.15%	8.81%	9.44%	3.78%	17.65%	17.16%	9.22%	8.86%	8.73%	5.16%	28.19%	47.83%	-5.15%	3.56%	2.18%	4.96%	3.15%	9.96%	40.85%	29.13%
Net Earnings / Revenue	18.83%	13.27%	33.3%	34.17%	29.47%	30.8%	23.48%	26.31%		28.95%	28.25%
Basic Earnings Per Share	$2.71	$1.17	$2.35	$2.52	$2.33	$2.22	$1.56	$1.60	$1.72	$1.83	$1.75
Diluted Earnings Per Share	$2.70	$1.170M	$2.34	$2.51	$2.32	$2.21	$1.56	$1.60	$1.71	$1.83	$1.75	$1.813M	$1.661M	$1.572M	$1.606M	$1.613M	$1.879M	$2.089M	$1.817M	$2.002M	$2.002M	$1.941M	$1.715M	$1.498M	$1.363M	$1.143M	$976.6K	$932.7K	$856.7K	$790.2K	$773.7K	$616.3K	$467.8K	$493.2K	$476.3K	$466.1K	$444.8K	$431.2K	$392.2K	$313.6K	$242.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$270.7M	$248.7M	$237.0M	$225.0M	$221.0M	$178.0M	$178.0M	$179.0M	$196.0M	$201.0M	$207.0M	$155.0M	$143.0M	$142.0M	$147.0M	$157.0M	$152.0M	$134.0M	$115.0M	$115.0M	$108.0M	$104.0M	$97.00M	$81.00M	$81.00M	$71.00M	$68.00M	$62.00M	$61.00M	$64.00M	$63.00M	$52.00M	$53.00M	$52.00M	$51.00M	$48.00M	$44.00M	$42.00M	$35.00M	$27.00M	$24.00M
YoY Change	8.85%	4.92%	5.33%	1.81%	24.16%	0.0%	-0.56%	-8.67%	-2.49%	-2.9%	33.55%	8.39%	0.7%	-3.4%	-6.37%	3.29%	13.43%	16.52%	0.0%	6.48%	3.85%	7.22%	19.75%	0.0%	14.08%	4.41%	9.68%	1.64%	-4.69%	1.59%	21.15%	-1.89%	1.92%	1.96%	6.25%	9.09%	4.76%	20.0%	29.63%	12.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.197M	$0.00	$4.000M	$0.00	$0.00	$0.00	$1.000M	$6.000M
YoY Change		-100.0%				-100.0%	-83.33%
Total Long-Term Assets
YoY Change
Total Assets	$18.72B	$18.02B	$17.60B	$16.55B	$13.50B	$13.29B	$13.80B	$13.35B	$12.68B	$12.25B	$11.79B	$9.829B	$9.727B	$9.554B	$9.526B	$9.791B	$8.967B	$8.841B	$8.390B	$8.053B	$7.914B	$7.139B	$7.180B	$6.887B	$6.743B	$6.355B	$5.545B	$5.194B	$4.993B	$4.763B	$4.708B	$4.085B	$3.878B	$3.700B	$3.108B	$2.895B	$2.767B	$2.744B	$2.299B	$1.869B	$1.746B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$41.58M	$38.93M	$36.00M	$32.00M	$32.00M
YoY Change	6.81%	8.14%	12.5%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$405.7M	$449.3M	$323.0M	$324.0M	$331.0M	$129.0M	$541.0M	$610.0M	$504.0M	$512.0M	$316.0M	$376.0M	$690.0M	$775.0M	$782.0M	$1.092B	$560.0M	$539.0M	$1.268B	$1.598B	$1.550B	$1.231B	$1.596B	$1.888B	$1.520B	$1.368B	$1.089B	$1.034B	$933.0M	$851.0M	$843.0M	$555.0M	$382.0M	$341.0M	$272.0M	$231.0M	$215.0M	$358.0M	$96.00M	$196.0M	$153.0M
YoY Change	-9.7%	39.11%	-0.31%	-2.11%	156.59%	-76.16%	-11.31%	21.03%	-1.56%	62.03%	-15.96%	-45.51%	-10.97%	-0.9%	-28.39%	95.0%	3.9%	-57.49%	-20.65%	3.1%	25.91%	-22.87%	-15.47%	24.21%	11.11%	25.62%	5.32%	10.83%	9.64%	0.95%	51.89%	45.29%	12.02%	25.37%	17.75%	7.44%	-39.94%	272.92%	-51.02%	28.1%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$447.3M	$38.93M	$36.00M	$32.00M	$32.00M	$129.0M	$541.0M	$610.0M	$504.0M	$512.0M	$316.0M	$376.0M	$690.0M	$775.0M	$782.0M	$1.092B	$560.0M	$539.0M	$1.268B	$1.598B	$1.550B	$1.231B	$1.596B	$1.888B	$1.520B	$1.368B	$1.089B	$1.034B	$933.0M	$851.0M	$843.0M	$555.0M	$382.0M	$341.0M	$272.0M	$231.0M	$215.0M	$358.0M	$96.00M	$196.0M	$153.0M
YoY Change	1049.0%	8.14%	12.5%	0.0%	-75.19%	-76.16%	-11.31%	21.03%	-1.56%	62.03%	-15.96%	-45.51%	-10.97%	-0.9%	-28.39%	95.0%	3.9%	-57.49%	-20.65%	3.1%	25.91%	-22.87%	-15.47%	24.21%	11.11%	25.62%	5.32%	10.83%	9.64%	0.95%	51.89%	45.29%	12.02%	25.37%	17.75%	7.44%	-39.94%	272.92%	-51.02%	28.1%
Long-Term Debt	$668.6M	$1.236B	$191.0M	$193.0M	$71.00M	$62.00M	$62.00M	$62.00M	$112.0M	$112.0M	$112.0M	$112.0M	$112.0M	$112.0M	$120.0M	$120.0M	$120.0M	$120.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-45.91%	547.15%	-1.04%	171.83%	14.52%	0.0%	0.0%	-44.64%	0.0%	0.0%	0.0%	0.0%	0.0%	-6.67%	0.0%	0.0%	0.0%
Other Long-Term Liabilities	$374.7M	$361.2M	$216.0M	$212.0M	$156.0M	$138.0M	$145.0M	$154.0M	$151.0M	$151.0M	$137.0M	$157.0M	$142.0M	$123.0M	$126.0M	$127.0M	$123.0M	$112.0M	$91.00M	$74.00M	$55.00M	$67.00M	$60.00M	$61.00M	$52.00M	$49.00M	$44.00M	$39.00M	$51.00M	$42.00M	$49.00M	$38.00M	$68.00M	$43.00M	$35.00M	$30.00M	$29.00M	$36.00M	$258.0M	$42.00M	$21.00M
YoY Change	3.72%	67.24%	1.89%	35.9%	13.04%	-4.83%	-5.84%	1.99%	0.0%	10.22%	-12.74%	10.56%	15.45%	-2.38%	-0.79%	3.25%	9.82%	23.08%	22.97%	34.55%	-17.91%	11.67%	-1.64%	17.31%	6.12%	11.36%	12.82%	-23.53%	21.43%	-14.29%	28.95%	-44.12%	58.14%	22.86%	16.67%	3.45%	-19.44%	-86.05%	514.29%	100.0%
Total Long-Term Liabilities	$1.043B	$1.597B	$407.0M	$405.0M	$227.0M	$200.0M	$207.0M	$216.0M	$263.0M	$263.0M	$249.0M	$269.0M	$254.0M	$235.0M	$246.0M	$247.0M	$243.0M	$232.0M	$91.00M	$74.00M	$55.00M	$67.00M	$60.00M	$61.00M	$52.00M	$49.00M	$44.00M	$39.00M	$51.00M	$42.00M	$49.00M	$38.00M	$68.00M	$43.00M	$35.00M	$30.00M	$29.00M	$36.00M	$258.0M	$42.00M	$21.00M
YoY Change	-34.69%	292.46%	0.49%	78.41%	13.5%	-3.38%	-4.17%	-17.87%	0.0%	5.62%	-7.43%	5.91%	8.09%	-4.47%	-0.4%	1.65%	4.74%	154.95%	22.97%	34.55%	-17.91%	11.67%	-1.64%	17.31%	6.12%	11.36%	12.82%	-23.53%	21.43%	-14.29%	28.95%	-44.12%	58.14%	22.86%	16.67%	3.45%	-19.44%	-86.05%	514.29%	100.0%
Total Liabilities	$17.06B	$16.52B	$15.85B	$14.81B	$11.84B	$11.70B	$12.23B	$11.83B	$11.21B	$10.83B	$10.44B	$8.541B	$8.512B	$8.404B	$8.416B	$8.612B	$8.047B	$7.950B	$7.648B	$7.303B	$7.225B	$6.459B	$6.495B	$6.257B	$6.088B	$5.703B	$4.952B	$4.670B	$4.514B	$4.342B	$4.321B	$3.790B	$3.611B	$3.450B	$2.877B	$2.682B	$2.574B	$2.569B	$2.156B	$1.742B	$1.630B
YoY Change	3.25%	4.22%	7.04%	25.12%	1.21%	-4.34%	3.33%	5.59%	3.46%	3.79%	22.18%	0.34%	1.29%	-0.14%	-2.28%	7.02%	1.22%	3.95%	4.72%	1.08%	11.86%	-0.55%	3.8%	2.78%	6.75%	15.17%	6.04%	3.46%	3.96%	0.49%	14.01%	4.96%	4.67%	19.92%	7.27%	4.2%	0.19%	19.16%	23.77%	6.87%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	61.05M	61.24M	62.79M	63.51M	64.63M	67.51M	67.73M	67.62M	67.55M	67.43M	66.90M
Diluted Shares Outstanding	61.23M	61.43M	62.97M	63.65M	64.77M	67.66M	67.89M	67.78M	67.69M	67.59M	67.07M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.3705 Billion

About Trustmark Corp

Trustmark Corp. is a bank holding company, which engages in the provision of banking, wealth management and insurance solutions. The company is headquartered in Jackson, Mississippi and currently employs 2,757 full-time employees. The firm's principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. The firm operates through three segments: General Banking, Wealth Management and Insurance. The General Banking Segment is responsible for all traditional banking products and services, including loans and deposits. The Wealth Management Segment provides customized solutions for customers by integrating financial services with traditional banking products and services, such as money management, full-service brokerage, financial planning, personal and institutional trust and retirement services. Through Fisher Brown Bottrell Insurance, Inc. (FBBI), a subsidiary of TNB, the Insurance Segment provides a range of retail insurance products, including commercial risk management products, bonding, group benefits and personal lines coverage.

Industry: National Commercial Banks Peers: Banner Corp First Financial Bancorp Heartland Financial USA Inc Lakeland Financial Corp Renasant Corp PNC Financial Services Group Inc Stock Yards Bancorp Inc Seacoast Banking Corporation of Florida WaFd Inc