NASDAQ : TRMK
Trustmark Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 44.84 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.59B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 827.33M | 826.30M | 844.74M | 775.31M | 473.63M | 400.50M |
| Interest Income on Investments | 123.13M | 122.32M | 115.59M | 103.52M | 68.20M | 42.01M |
| Total Interest Income | 950.46M | 948.62M | 960.33M | 878.83M | 541.83M | 442.51M |
| Interest Paid on Deposits | 260.63M | 274.66M | 329.38M | 245.95M | 29.07M | 16.95M |
| Interest Paid on Borrowings | 32.40M | 37.83M | 46.53M | 80.00M | 18.06M | 7.21M |
| Total Interest Expense | 293.03M | 312.48M | 375.91M | 325.95M | 47.12M | 24.16M |
| Net Interest Income | 657.43M | 636.14M | 584.42M | 552.88M | 494.71M | 418.35M |
| Trust Income | 43.61M | 40.11M | 37.25M | 35.09M | 35.01M | 35.19M |
| Mortgage Banking Activities | 33.26M | 33.08M | 26.63M | 26.22M | 28.31M | 63.75M |
| Gain (Loss) on Sale of Assets | -66.52M | -4.80M | ||||
| Gain (Loss) on Sale of Investments | 57.50M | -9.03M | -182.36M | -7.95M | -6.21M | -8.01M |
| Other Non-Interest Income | 54.96M | 55.82M | 55.48M | 51.66M | 52.16M | 97.73M |
| Total Non-Interest Income | 165.64M | 163.64M | -23.42M | 148.43M | 151.42M | 221.91M |
| Revenues Before Loan Losses | 823.07M | 799.78M | 561.00M | 701.31M | 646.13M | 640.26M |
| Provision for Loan Losses | 2.98M | 12.87M | 41.26M | 24.58M | 22.89M | -24.45M |
| Revenue | 820.10M | 786.91M | 519.75M | 676.73M | 623.24M | 664.71M |
| Salaries and Employee Benefits | 290.78M | 277.16M | 259.02M | 262.12M | 249.36M | 272.95M |
| Occupancy Expenses | 31.94M | 30.50M | 29.13M | 28.51M | 27.99M | 27.04M |
| Selling, General & Administrative | 34.31M | 32.02M | 32.13M | 32.00M | 29.03M | 29.94M |
| Other Non-Interest Expense | 175.00M | 172.15M | 165.41M | 166.10M | 156.60M | 148.53M |
| Total Non-Interest Expense | 532.04M | 511.83M | 485.69M | 488.73M | 462.98M | 478.46M |
| EBT Excluding Unusual Items | 288.06M | 275.08M | 34.06M | 188.00M | 160.25M | 186.25M |
| Asset Writedown | -400.00K | -400.00K | -470.00K | -400.00K | -140.00K | |
| Legal Settlements | -6.50M | -100.75M | ||||
| Other Unusual Items | -5.00M | |||||
| Pretax Income | 287.66M | 274.68M | 34.06M | 181.03M | 59.10M | 175.41M |
| Income Tax Expense | 52.08M | 50.54M | -11.15M | 27.74M | -1.81M | 28.05M |
| Earnings From Continuing Operations | 235.59M | 224.13M | 45.21M | 153.29M | 60.92M | 147.37M |
| Earnings From Discontinued Operations | 177.80M | 12.20M | 10.97M | |||
| Net Income | 235.59M | 224.13M | 223.01M | 165.49M | 71.89M | 147.37M |
| Net Income to Common | 235.59M | 224.13M | 223.01M | 165.49M | 71.89M | 147.37M |
| Basic Shares Outstanding | 58.74M | 60.31M | 61.16M | 61.05M | 61.24M | 62.79M |
| Diluted Shares Outstanding | 58.97M | 60.54M | 61.38M | 61.23M | 61.43M | 62.97M |
| EPS (Basic) | 4.01 | 3.72 | 3.65 | 2.71 | 1.17 | 2.35 |
| EPS (Diluted) | 3.99 | 3.70 | 3.65 | 2.70 | 1.17 | 2.34 |
| Dividend Per Share | 0.99 | 0.96 | 0.92 | 0.92 | 0.92 | 0.92 |
| Effective Tax Rate | 18.10% | 18.40% | 15.32% | 15.99% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 710.16M | 668.01M | 567.25M | 975.34M | 738.79M | 2.27B |
| Investment Securities | 269.79M | 310.41M | 271.32M | 407.57M | 436.95M | 371.41M |
| Trading Asset Securities | 16.23M | 15.40M | 23.32M | 8.87M | 24.81M | |
| Mortgage-Backed Securities | 2.70B | 2.77B | 2.76B | 2.78B | 3.08B | 3.21B |
| Total Investments | 2.97B | 3.10B | 3.04B | 3.21B | 3.53B | 3.61B |
| Gross Loans | 13.87B | 13.67B | 13.09B | 12.95B | 12.20B | 10.28B |
| Allowance for Loan Losses | -148.34M | -157.07M | -160.27M | -139.37M | -120.21M | -99.46M |
| Net Loans | 13.72B | 13.52B | 12.93B | 12.81B | 12.08B | 10.18B |
| Property, Plant & Equipment | 304.24M | 257.49M | 269.11M | 266.74M | 248.67M | 236.52M |
| Goodwill | 334.61M | 334.61M | 334.61M | 334.61M | 384.24M | 384.24M |
| Other Intangible Assets | 126.00K | 236.00K | 3.64M | 5.07M | ||
| Loans Held for Sale | 245.56M | 278.79M | 200.31M | 184.81M | 135.23M | 275.71M |
| Accrued Interest Receivable | 72.10M | 72.10M | 77.30M | 57.40M | 32.47M | |
| Other Current Assets | 67.63M | |||||
| Long-Term Deferred Tax Assets | 4.83M | 50.15M | 124.77M | 138.39M | 40.76M | |
| Other Real Estate Owned & Foreclosed | 2.70M | 6.96M | 5.92M | 6.87M | 1.99M | 4.56M |
| Other Long-Term Assets | 821.92M | 684.75M | 679.87M | 660.25M | 695.86M | 561.55M |
| Total Assets | 19.11B | 18.93B | 18.15B | 18.72B | 18.02B | 17.60B |
| Interest Bearing Deposits | 12.80B | 11.41B | 11.10B | 11.55B | 10.10B | 10.15B |
| Institutional Deposits | 1.05B | 935.40M | 822.40M | 247.20M | 164.00M | |
| Non-Interest Bearing Deposits | 3.26B | 3.04B | 3.07B | 3.20B | 4.09B | 4.77B |
| Total Deposits | 16.06B | 15.50B | 15.11B | 15.57B | 14.44B | 15.09B |
| Short-Term Borrowings | 341.30M | 829.14M | 662.99M | 920.18M | 1.54B | 327.72M |
| Current Portion of Leases | 5.87M | |||||
| Long-Term Debt | 172.19M | 171.97M | 123.70M | 123.48M | 123.26M | 123.04M |
| Federal Home Loan Bank Debt, Long-Term | 58.00K | 78.00K | 97.00K | |||
| Long-Term Leases | 109.14M | 33.84M | 42.61M | 43.43M | 43.99M | 42.93M |
| Trust Preferred Securities | 61.86M | 61.86M | 61.86M | 61.86M | 61.86M | 61.86M |
| Other Long-Term Liabilities | 272.54M | 201.08M | 190.76M | 341.57M | 315.86M | 211.52M |
| Total Liabilities | 17.02B | 16.80B | 16.19B | 17.06B | 16.52B | 15.85B |
| Common Stock | 12.04M | 12.30M | 12.71M | 12.72M | 12.71M | 12.85M |
| Additional Paid-In Capital | 24.38M | 81.95M | 157.90M | 159.69M | 154.65M | 175.91M |
| Retained Earnings | 2.17B | 2.04B | 1.88B | 1.71B | 1.60B | 1.59B |
| Comprehensive Income & Other | -117.72M | -13.62M | -83.66M | -219.72M | -275.40M | -32.56M |
| Shareholders' Equity | 2.09B | 2.12B | 1.96B | 1.66B | 1.49B | 1.74B |
| Total Liabilities & Equity | 19.11B | 18.93B | 18.15B | 18.72B | 18.02B | 17.60B |
| Total Debt | 684.49M | 1.10B | 891.16M | 1.15B | 1.77B | 555.64M |
| Net Cash (Debt) | 25.68M | -418.42M | -308.51M | -150.35M | -1.02B | 1.74B |
| Net Cash Per Share | 0.44 | -6.91 | -5.03 | -2.46 | -16.64 | 27.57 |
| Filing Date Shares Outstanding | 57.80M | 58.85M | 60.77M | 61.08M | 60.98M | 61.49M |
| Total Common Shares Outstanding | 57.80M | 59.01M | 61.01M | 61.07M | 60.98M | 61.65M |
| Book Value Per Share | 36.21 | 35.95 | 32.17 | 27.21 | 24.47 | 28.25 |
| Tangible Book Value | 1.76B | 1.79B | 1.63B | 1.33B | 1.10B | 1.35B |
| Tangible Book Value Per Share | 30.42 | 30.28 | 26.68 | 21.73 | 18.11 | 21.93 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 224.13M | 223.01M | 165.49M | 71.89M | 147.37M | |
| Depreciation & Amortization | 40.00M | 38.07M | 35.76M | 39.88M | 45.81M | |
| Gain (Loss) on Sale of Investments | -24.58M | 172.22M | 6.10M | 11.21M | 20.31M | |
| Provision for Credit Losses | 12.87M | 41.26M | 24.58M | 22.89M | -24.45M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -20.56M | 23.60M | -27.95M | 151.74M | 185.50M | |
| Change in Other Net Operating Assets | 15.67M | -114.77M | 22.92M | 115.82M | 62.05M | |
| Other Operating Activities | 10.14M | -26.12M | -22.56M | -96.88M | -22.46M | |
| Net Cash from Discontinued Operations | -228.27M | |||||
| Operating Cash Flow | 243.90M | 116.93M | 196.89M | 296.52M | 348.77M | |
| Capital Expenditures | -11.95M | -23.49M | -40.08M | -26.62M | -27.36M | |
| Sale of Property, Plant and Equipment | 4.18M | 2.22M | 1.86M | 5.11M | 961.00K | |
| Investment in Securities | 28.94M | 152.02M | 373.36M | -286.26M | -1.14B | |
| Divestitures | 321.35M | |||||
| Purchase / Sale of Intangibles | -8.26M | -5.09M | -8.57M | -7.39M | -3.84M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -609.54M | -177.04M | -761.93M | -1.93B | 155.49M | |
| Other Investing Activities | 5.44M | 9.65M | 21.78M | -43.04M | 602.00K | |
| Investing Cash Flow | -586.20M | 284.59M | -411.17M | -2.28B | -1.01B | |
| Short-Term Debt Issued | 120.99M | 210.75M | 74.06M | |||
| Long-Term Debt Issued | 196.94M | 974.98M | ||||
| Total Debt Issued | 317.93M | 1.19B | 74.06M | |||
| Short-Term Debt Repaid | -81.74M | -43.59M | ||||
| Long-Term Debt Repaid | -125.45M | -200.48M | -575.74M | -1.41M | -20.62M | |
| Total Debt Repaid | -125.45M | -282.22M | -619.33M | -1.41M | -20.62M | |
| Net Debt Issued (Repaid) | 192.48M | -282.22M | -619.33M | 1.18B | 53.44M | |
| Repurchase of Common Stock | -82.58M | -9.02M | -1.09M | -26.29M | -63.18M | |
| Common Dividends Paid | -58.46M | -56.79M | -56.65M | -56.68M | -58.09M | |
| Net Increase (Decrease) in Deposit Accounts | 391.61M | -461.59M | 1.13B | -649.51M | 1.04B | |
| Financing Cash Flow | 443.05M | -809.62M | 455.04M | 451.84M | 970.57M | |
| Net Cash Flow | 100.76M | -408.09M | 240.76M | -1.53B | 314.32M | |
| Free Cash Flow | 231.95M | 93.44M | 156.81M | 269.89M | 321.41M | |
| Free Cash Flow Margin | 29.48% | 17.98% | 23.17% | 43.30% | 48.35% | |
| Free Cash Flow Per Share | 3.83 | 1.52 | 2.56 | 4.39 | 5.10 | |
| Cash Interest Paid | 314.75M | 385.78M | 306.57M | 45.27M | 24.43M | |
| Cash Income Tax Paid | 52.16M | 21.47M | 38.80M | 2.70M | 15.26M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.63B | 2.34B | 2.16B | 1.70B | 2.13B | 2.03B |
| Last Close Price | 44.22 | 38.30 | 33.90 | 25.95 | 31.27 | 28.25 |
| PE Ratio | 11.40 | 10.42 | 9.70 | 10.29 | 29.60 | 13.76 |
| PS Ratio | 3.14 | 2.97 | 4.16 | 2.52 | 3.41 | 3.05 |
| PB Ratio | 1.22 | 1.10 | 1.10 | 1.02 | 1.43 | 1.16 |
| P/FCF Ratio | 13.79 | 10.07 | 23.15 | 10.86 | 7.88 | 6.31 |
| P/OCF Ratio | 12.41 | 9.57 | 18.50 | 8.65 | 7.18 | 5.81 |
| Debt / Equity Ratio | 0.33 | 0.52 | 0.45 | 0.69 | 1.19 | 0.32 |
| Debt / FCF Ratio | 4.75 | 9.54 | 7.33 | 6.56 | 1.73 | |
| Net Debt / Equity Ratio | -0.01 | 0.20 | 0.16 | 0.09 | 0.69 | -1.00 |
| Net Debt / FCF Ratio | 1.80 | 3.30 | 0.96 | 3.79 | -5.40 | |
| Return on Equity (ROE) | 11.20% | 10.98% | 2.50% | 9.72% | 3.77% | 8.46% |
| Return on Assets (ROA) | 1.24% | 1.21% | 0.24% | 0.83% | 0.34% | 0.86% |
| Earnings Yield | 8.77% | 9.60% | 10.31% | 9.72% | 3.38% | 7.27% |
| FCF Yield | 7.25% | 9.93% | 4.32% | 9.21% | 12.68% | 15.86% |
| Dividend Yield | 2.20% | 2.43% | 2.60% | 3.30% | 2.64% | 2.80% |
| Payout Ratio | 25.06% | 26.08% | 25.46% | 34.23% | 78.84% | 39.42% |
| Buyback Yield / Dilution | 3.18% | 1.37% | -0.25% | 0.33% | 2.45% | 1.06% |
| Total Shareholder Return | 5.42% | 3.80% | 2.34% | 3.63% | 5.08% | 3.85% |