Trustmark Corp

Chart & Performance

D1W1MN

P/E

12.27

P/S

2.76

EPS

2.71

Div Yield, %

2.79%

Shrs. gr., 5y

-1.98%

Rev. gr., 5y

6.04%

Revenues

735m

+1,480.79%

Net income

165m

+130.21%

CFO

197m

-33.60%

Dividend

Aug 30, 20240.23 USD/sh

Earnings

Jan 21, 2025

Profile

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services. The company also provides mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing. In addition, it provides wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management services. Further, the company offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers. As of December 31, 2021, it operated 167 full-service branches and 13 limited service branches; and 198 automated teller machines and 69 interactive teller machines. The company was founded in 1889 and is headquartered in Jackson, Mississippi.

URL

https://investorrelations.trustmark.com/corporate-overview/default.aspx

IPO date

Mar 17, 1980

Employees

2,761

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	735,255 1,480.79%	46,512 -91.62%
Cost of revenue	318,194	294,825
Unusual Expense (Income)
NOPBT	417,061	(248,313)
NOPBT Margin	56.72%
Operating Taxes	31,847	1,860
Tax Rate	7.64%
NOPAT	385,214	(250,173)
Net income	165,489 130.21%	71,887 -51.22%
Dividends	(56,653)	(56,679)
Dividend yield	3.32%	2.64%
Proceeds from repurchase of equity	(1,092)	(26,291)
BB yield	0.06%	1.23%
Debt
Debt current		38,932
Long-term debt	677,232	1,313,920
Deferred revenue		(69,962)
Other long-term liabilities	16,387,444	15,209,290
Net debt	(3,487,468)	(2,785,583)
Cash flow
Cash from operating activities	196,887	296,516
CAPEX		(34,012)
Cash from investing activities	(411,174)	(2,280,402)
Cash from financing activities	455,043	451,844
FCF	1,161,374	1,247,091
Balance
Cash	975,543	619,839
Long term investments	3,189,157	3,518,596
Excess cash	4,127,937	4,136,109
Stockholders' equity	1,502,159	1,337,623
Invested Capital	17,220,030	16,607,893
ROIC	2.28%
ROCE	2.23%
EV
Common stock shares outstanding	61,231	61,432
Price	27.88 -20.14%	34.91 7.55%
Market cap	1,707,120 -20.40%	2,144,591 4.92%
EV	(1,780,348)	(640,992)
EBITDA	452,817	(208,431)
EV/EBITDA		3.08
Interest	59,584	47,125
Interest/NOPBT	14.29%