TRUSTMARK CORP TRMK
Trustmark Corporation (Trustmark), a Mississippi business corporation incorporated in 1968, is a bank holding company headquartered in Jackson, Mississippi. As previously disclosed, on August 4, 2025, Trustmark's principal subsidiary, Trustmark National Bank, initially chartered by the State of Mississippi in 1889, converted from a national banking association to a Mississippi-chartered banking corporation and changed its name to Trustmark Bank (TB). TB is a member bank of the Federal Reserve System and is supervised by the Federal Reserve Bank of Atlanta (FRBA) and the Mississippi Department of Banking and Consumer Finance (MDBCF). At December 31, 2025, TB had total assets of $18.923 billion, which represented approximately 99.99% of the consolidated assets of Trustmark.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $948.6M | $960.3M | $878.8M | $541.8M | $442.5M | $468.3M | $510.5M | $485.6M | $449.8M | $412.1M |
| Interest expense | $636.1M | $584.4M | $552.9M | $494.7M | $24.2M | $41.8M | $83.9M | $66.2M | $42.2M | $24.5M |
| Pre-tax income | $274.7M | $34.1M | $181.0M | $59.1M | $175.4M | $189.8M | $173.8M | $171.9M | $154.3M | $139.5M |
| Income tax | $50.5M | $11.2M | $27.7M | $1.8M | $28.0M | $29.8M | $23.3M | $22.3M | $48.7M | $31.1M |
| Net income | $224.1M | $223.0M | $165.5M | $71.9M | $147.4M | $160.0M | $150.5M | $149.6M | $105.6M | $108.4M |
| EPS, basic | 3.72 | 3.65 | 2.71 | 1.17 | 2.35 | 2.52 | 2.33 | 2.22 | 1.56 | 1.60 |
| EPS, diluted | 3.70 | 3.63 | 2.70 | 1.17 | 2.34 | 2.51 | 2.32 | 2.21 | 1.56 | 1.60 |
| Shares, diluted (wtd. avg.) | $60.5M | $61.4M | $61.2M | $61.4M | $63.0M | $63.6M | $64.8M | $67.7M | $67.9M | $67.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $668.0M | $567.3M | $975.3M | $734.8M | $2.27B | $1.95B | $358.9M | $349.6M | $335.8M | $327.7M |
| Property, plant and equipment | $225.7M | $235.4M | $232.2M | $212.4M | $205.6M | $194.3M | $189.8M | $178.7M | $179.3M | $185.0M |
| Goodwill | $334.6M | $334.6M | $334.6M | $384.2M | $384.2M | $385.3M | $379.6M | $379.6M | $379.6M | $366.2M |
| Other intangibles | — | $126.0K | $236.0K | $3.6M | $5.1M | $7.4M | $7.3M | $11.1M | $16.4M | $20.7M |
| Total assets | $18.93B | $18.15B | $18.72B | $18.02B | $17.60B | $16.55B | $13.50B | $13.29B | $13.80B | $13.35B |
| Short-term debt | — | — | — | — | — | — | — | $79.0M | $971.0M | $769.8M |
| Total liabilities | $16.80B | $16.19B | $17.06B | $16.52B | $15.85B | $14.81B | $11.84B | $11.70B | $12.23B | $11.83B |
| Retained earnings | $2.04B | $1.88B | $1.71B | $1.60B | $1.59B | $1.50B | $1.41B | $1.32B | $1.23B | $1.19B |
| Total equity | $2.12B | $1.96B | $1.66B | $1.49B | $1.74B | $1.74B | $1.66B | $1.59B | $1.57B | $1.52B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $243.9M | $116.9M | $196.9M | $296.5M | $348.8M | $65.3M | $116.4M | $239.2M | $206.6M | $148.3M |
| Depreciation and amortisation | $40.0M | $38.1M | $35.8M | $39.9M | $45.8M | $41.3M | $39.4M | $38.9M | $38.5M | $36.6M |
| Stock-based compensation | $6.2M | $7.2M | $6.2M | $4.9M | $5.6M | $5.2M | $4.8M | $3.9M | — | — |
| Capital expenditure | $11.9M | $23.5M | $40.1M | $26.6M | $27.4M | $22.6M | $17.3M | $14.6M | $13.2M | $10.2M |
| Investing cash flow | -$586.2M | $284.6M | -$411.2M | -$2.28B | -$1.01B | -$1.22B | -$74.2M | $438.8M | -$348.9M | -$649.7M |
| Financing cash flow | $443.1M | -$809.6M | $455.0M | $451.8M | $970.6M | $2.75B | -$32.9M | -$664.2M | $150.3M | $551.3M |
| Dividends paid | $58.5M | $56.8M | $56.7M | $56.7M | $58.1M | $58.8M | $59.8M | $62.4M | $62.8M | $62.7M |
| Buybacks | $80.0M | $7.5M | $0 | $24.6M | $61.8M | $27.5M | $56.6M | $62.4M | $0 | $750.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-064009.
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