TRMK - Trustmark Corp Stock Price, Fair Value and News

25.74USD+0.28 (+1.10%)Market Closed

Market Summary

USD25.74+0.28

Market Closed

1.10%

TRMK Stock Price

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TRMK RSI Chart

TRMK Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

9.5

Price/Sales (Trailing)

1.79

EV/EBITDA

1.9

Price/Free Cashflow

10.03

TRMK Price/Sales (Trailing)

TRMK Profitability

EBT Margin

22.45%

Return on Equity

9.96%

Return on Assets

0.88%

Free Cashflow Yield

9.97%

TRMK Fundamentals

TRMK Revenue

Revenue (TTM)

878.8M

Rev. Growth (Yr)

31.93%

Rev. Growth (Qtr)

1.91%

TRMK Earnings

Earnings (TTM)

165.5M

Earnings Growth (Yr)

206.05%

Earnings Growth (Qtr)

6.15%

Breaking Down TRMK Revenue

Last 7 days

-2.6%

Last 30 days

-0.3%

Last 90 days

-5.4%

Trailing 12 Months

6.9%

How does TRMK drawdown profile look like?

TRMK Financial Health

TRMK Investor Care

Dividend Yield

3.57%

Dividend/Share (TTM)

0.92

Shares Dilution (1Y)

0.17%

Diluted EPS (TTM)

2.71

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	637.0M	738.4M	822.5M	878.8M
2022	436.8M	428.0M	468.7M	541.8M
2021	457.4M	468.7M	458.1M	442.5M
2020	505.4M	489.9M	474.0M	468.3M
2019	495.5M	505.3M	510.8M	510.5M
2018	460.5M	469.0M	477.7M	485.6M
2017	416.4M	425.8M	438.2M	449.8M
2016	410.4M	410.8M	411.8M	412.1M
2015	428.6M	419.8M	411.1M	412.2M
2014	419.6M	424.4M	431.0M	426.9M
2013	371.2M	382.7M	395.1M	414.3M
2012	389.9M	384.9M	381.2M	371.7M
2011	403.1M	399.3M	394.4M	392.0M
2010	431.4M	422.4M	414.1M	408.2M
2009	0	469.5M	455.8M	442.1M
2008	0	0	0	483.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Trustmark Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 01, 2024	owens thomas c	sold (taxes)	-25,106	26.54	-946	treasurer
Feb 16, 2024	harvey robert b	sold (taxes)	-26,871	27.17	-989	executive officer
Feb 16, 2024	day monica a	sold (taxes)	-26,979	27.17	-993	executive officer
Feb 16, 2024	chambers george t. jr.	sold (taxes)	-18,937	27.17	-697	principal accounting officer
Feb 16, 2024	tate granville jr	sold (taxes)	-26,708	27.17	-983	secretary
Feb 16, 2024	stevens wayne a	sold (taxes)	-26,952	27.17	-992	executive officer
Feb 16, 2024	sugay maria luisa	sold (taxes)	-18,937	27.17	-697	executive officer
Feb 16, 2024	dewey duane a	sold (taxes)	-80,097	27.17	-2,948	president & ceo
Feb 16, 2024	owens thomas c	sold (taxes)	-26,952	27.17	-992	treasurer
Feb 14, 2024	chambers george t. jr.	acquired	-	-	2,790	principal accounting officer

Which funds bought or sold TRMK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 16, 2024	Tanglewood Legacy Advisors, LLC	unchanged	-	1,380	168,660	0.08%
Apr 16, 2024	Asset Dedication, LLC	unchanged	-	-	9,000	-%
Apr 16, 2024	Sunburst Financial Group, LLC	unchanged	-	-7,491	556,912	0.16%
Apr 16, 2024	Arlington Trust Co LLC	unchanged	-	690	84,330	0.02%
Apr 15, 2024	JANICZEK WEALTH MANAGEMENT, LLC	unchanged	-	12.00	1,406	-%
Apr 12, 2024	Ignite Planners, LLC	reduced	-1.67	-105,329	3,855,770	1.08%
Apr 11, 2024	Ballew Advisors, Inc	reduced	-19.48	-181,329	736,689	0.51%
Apr 10, 2024	Bruce G. Allen Investments, LLC	sold off	-100	-3,429	-	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	unchanged	-	15.00	1,883	-%
Apr 05, 2024	CWM, LLC	reduced	-0.5	-	117,000	-%

Are Funds Buying or Selling TRMK?

Are funds buying TRMK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TRMK

No. of Funds

Unveiling Trustmark Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	earnest partners llc	5.6%	3,410,883	SC 13G/A
Feb 13, 2024	vanguard group inc	10.99%	6,712,905	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	6.3%	3,830,152	SC 13G/A
Jan 23, 2024	blackrock inc.	14.5%	8,838,920	SC 13G/A
Feb 15, 2023	robert m hearin support foundation	6.54%	3,983,560	SC 13D/A
Feb 14, 2023	earnest partners llc	6.1%	3,689,701	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.5%	3,946,176	SC 13G/A
Feb 09, 2023	vanguard group inc	10.91%	6,648,706	SC 13G/A
Jan 23, 2023	blackrock inc.	14.2%	8,628,385	SC 13G/A
Feb 11, 2022	robert m hearin support foundation	6.7%	4,157,323	SC 13D/A

Recent SEC filings of Trustmark Corp

View All Filings

Date Filed	Form Type	Document
Mar 13, 2024	DEF 14A	DEF 14A
Mar 13, 2024	DEFA14A	DEFA14A
Mar 13, 2024	DEFA14A	DEFA14A
Mar 05, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading

Peers (Alternatives to Trustmark Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	522.1B	171.1B	-6.46%	28.36%	10.54	3.05	60.72%	31.52%
BAC	281.5B	130.3B	-0.75%	18.96%	10.62	2.16	79.51%	-3.68%
WFC	210.3B	85.7B	3.10%	39.16%	10.99	2.45	41.49%	39.96%
C	111.5B	133.3B	-0.93%	15.69%	12.08	0.84	79.09%	-
CFG	15.1B	10.2B	-1.88%	7.84%	9.38	1.48	44.53%	-22.43%
KEY	13.4B	7.9B	-0.76%	16.16%	13.89	1.69	46.47%	-49.56%
MID-CAP
CMA	6.7B	4.2B	1.60%	7.60%	7.62	1.61	56.25%	-23.46%
ZION	5.8B	3.9B	-1.36%	19.93%	8.55	1.47	45.91%	-25.03%
ABCB	3.1B	1.3B	-2.95%	27.92%	11.48	2.41	43.24%	-22.35%
ASB	3.0B	2.0B	-1.33%	8.51%	16.53	1.54	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	393.0M	164.9M	-4.83%	27.38%	33.6	2.38	42.66%	-70.76%
AROW	361.7M	162.6M	-7.65%	-5.53%	12.03	2.22	25.39%	-38.37%
ACNB	269.1M	96.6M	-9.91%	0.13%	8.49	2.78	11.02%	-11.37%
ASRV	44.8M	60.9M	9.21%	-17.67%	-13.38	0.74	24.06%	-144.92%

Trustmark Corp News

Latest updates

Trustmark Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.9%	233	229	219	199	177	144	117	104	103	104	126	109	119	114	115	120	125	130	130	125	125
EBITDA Margin	5.0%	0.89*	0.85*	0.96*	1.05*	1.12*	1.38*	1.37*	1.39*	1.45*	1.49*	1.55*	1.52*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.4%	137	139	140	138	147	136	113	99.00	98.00	98.00	119	102	111	106	105	104	106	108	108	105	105
Income Taxes	-2.2%	7.00	7.00	8.00	9.00	-17.53	8.00	7.00	5.00	5.00	5.00	9.00	9.00	12.00	10.00	6.00	3.00	6.00	6.00	7.00	5.00	6.00
Earnings Before Taxes	4.7%	43.00	41.00	53.00	60.00	-51.59	50.00	41.00	34.00	31.00	26.00	57.00	61.00	63.00	64.00	38.00	25.00	39.00	47.00	49.00	39.00	43.00
EBT Margin	80.5%	0.22*	0.12*	0.15*	0.16*	0.14*	0.33*	0.31*	0.34*	0.40*	0.45*	0.52*	0.49*	-	-	-	-	-	-	-	-	-
Net Income	6.2%	36.00	34.00	45.00	50.00	-34.06	42.00	34.00	29.00	26.00	21.00	48.00	52.00	51.00	54.00	32.00	22.00	34.00	41.00	42.00	33.00	37.00
Net Income Margin	62.5%	0.19*	0.12*	0.14*	0.15*	0.13*	0.28*	0.26*	0.29*	0.33*	0.38*	0.44*	0.41*	-	-	-	-	-	-	-	-	-
Free Cashflow	-42.1%	57.00	99.00	15.00	-14.54	62.00	71.00	81.00	56.00	94.00	54.00	266	-91.49	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.8%	18,722	18,391	18,423	18,877	18,015	17,191	16,952	17,442	17,596	17,365	17,098	16,878	16,552	15,558	15,692	14,020	13,498	13,585	13,549	13,478	13,286
Cash Equivalents	-	78.00	-	-	-	76.00	-	-	-	76.00	-	-	-	158	-	-	-	16.00	-	404	454	16.00
Net PPE	0.8%	233	231	228	224	212	211	208	207	206	202	201	199	194	193	191	190	190	188	190	190	179
Goodwill	0%	384	384	384	384	384	384	384	384	384	384	384	384	385	385	385	382	380	380	380	380	380
Liabilities	1.4%	17,060	16,820	16,851	17,315	16,523	15,682	15,365	15,810	15,854	15,596	15,319	15,119	14,811	13,848	14,018	12,367	11,837	11,939	11,930	11,891	11,695
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79.00
Shareholder's Equity	5.8%	1,662	1,570	1,571	1,562	1,492	1,509	1,587	1,631	1,741	1,769	1,779	1,760	1,741	1,710	1,674	1,652	1,661	1,645	1,619	1,587	1,591
Retained Earnings	1.3%	1,709	1,687	1,667	1,636	1,600	1,649	1,620	1,600	1,585	1,573	1,566	1,533	1,496	1,459	1,420	1,402	1,415	1,395	1,369	1,342	1,324
Additional Paid-In Capital	0.9%	160	158	157	155	155	154	161	167	176	202	210	230	233	232	231	229	256	257	261	272	310
Shares Outstanding	0.0%	61.00	61.00	61.00	61.00	61.00	61.00	-	61.00	62.00	62.00	63.00	63.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	699	-	-	-	1,065	-	-	-	1,228	-	-	-	920	-	-	-	1,217	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-39.7%	64,185	106,366	23,777	2,559	68,050	77,797	88,801	61,868	101,571	59,082	271,461	-83,343	94,373	-44,579	94,715	-79,163	134,447	-14,630	-18,242	14,872	97,485
Share Based Compensation	-7.4%	1,383	1,494	1,563	1,715	1,169	1,229	1,240	1,245	1,090	1,116	1,214	2,181	1,290	1,239	1,274	1,394	-	-	-	-	-
Cashflow From Investing	46.9%	-51,646	-97,291	-12,927	-249,310	-540,495	-597,037	-798,342	-344,528	-224,447	-392,122	179,331	-567,776	352,459	-203,082	-1,039,539	-327,553	-115,123	103,741	-39,821	-23,036	43,259
Cashflow From Financing	334.5%	212,512	-90,635	-475,942	809,108	176,093	807,918	-465,562	-66,605	214,647	240,874	208,577	306,470	941,084	-214,391	1,567,123	452,141	-146,671	-7,261	8,429	112,650	-223,654
Dividend Payments	0.0%	14,165	14,169	14,161	14,158	14,123	14,158	14,212	14,186	14,285	14,475	14,640	14,685	14,690	14,686	14,687	14,706	14,880	14,904	14,987	15,033	15,411
Buy Backs	-	-	-	-	-	-	8,005	7,505	9,094	27,141	9,668	20,805	4,185	-	-	-	27,538	2,199	4,515	13,008	36,893	54,544

TRMK Income Statement

2023-12-31

Consolidated Statements of Income - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Interest Income

Interest and fees on LHFS & LHFI

$ 775,309

$ 472,990

$ 363,772

Interest and fees on PPP loans

639

36,726

Interest on securities:

Taxable

66,100

59,717

38,698

Tax exempt

208

333

548

Interest on federal funds sold and securities purchased under reverse repurchase agreements

Other interest income

37,135

8,080

2,767

Total Interest Income

878,832

541,833

442,511

Interest Expense

Interest on deposits

245,951

29,069

16,945

Interest on federal funds purchased and securities sold under repurchase agreements

20,419

6,127

232

Other interest expense

59,584

11,929

6,983

Total Interest Expense

325,954

47,125

24,160

Net Interest Income

552,878

494,708

418,351

Provision for credit losses (PCL), LHFI

27,362

21,677

(21,499)

PCL, off-balance sheet credit exposures

(2,781)

1,215

(2,949)

Net Interest Income After PCL

528,297

471,816

442,799

Noninterest Income

Service charges on deposit accounts

43,416

42,157

33,246

Bank card and other fees

33,439

36,105

34,662

Mortgage banking, net

26,216

28,306

63,750

Insurance commissions

57,569

53,721

48,511

Wealth management

35,092

35,013

35,190

Other, net

11,187

9,842

6,551

Securities (gains) losses, net

Total Noninterest Income

206,958

205,144

221,910

Noninterest Expense

Salaries and employee benefits

304,665

287,440

284,158

Services and fees

^[1]

109,478

105,469

92,282

Net occupancy - premises

29,482

29,264

27,043

Equipment expense

26,142

24,448

24,337

Litigation settlement expense

6,500

100,750

Other expense

^[1],[2]

61,652

55,842

61,476

Total Noninterest Expense

537,919

603,213

489,296

Income Before Income Taxes

197,336

73,747

175,413

Income taxes

31,847

1,860

28,048

Net Income

$ 165,489

$ 71,887

$ 147,365

Earnings Per Share

Basic

$ 2.71

$ 1.17

$ 2.35

Diluted

$ 2.7

$ 1.17

$ 2.34

[1]	During the first quarter of 2023, Trustmark reclassified its debit card transaction fees from other expense to services and fees. The prior periods have been reclassified accordingly.
[2]	During the first quarter of 2022, Trustmark reclassified its other real estate expense, net to other expense. The prior periods have been reclassified accordingly.

TRMK Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 975,543	$ 734,787
Federal funds sold and securities purchased under reverse repurchase agreements	0	4,000
Securities available for sale, at fair value (amortized cost: $1,959,007-2023; $2,270,709-2022; allowance for credit losses (ACL): $0)	1,762,878	2,024,082
Securities held to maturity, net of ACL of $0 (fair value: $1,355,504-2023; $1,406,589-2022)	1,426,279	1,494,514
Loans held for sale (LHFS)	184,812	135,226
Loans held for investment (LHFI)	12,950,524	12,204,039
Less ACL, LHFI	139,367	120,214
Net LHFI	12,811,157	12,083,825
Premises and equipment, net	232,537	212,365
Mortgage servicing rights (MSR)	131,870	129,677
Goodwill	384,237	384,237
Identifiable intangible assets, net	2,965	3,640
Other real estate, net	6,867	1,986
Operating lease right-of-use assets	38,142	36,301
Other assets	764,902	770,838
Total Assets	18,722,189	18,015,478
Deposits:
Noninterest-bearing	3,197,620	4,093,771
Interest-bearing	12,372,143	10,343,877
Total deposits	15,569,763	14,437,648
Federal funds purchased and securities sold under repurchase agreements	405,745	449,331
Other borrowings	483,230	1,050,938
Subordinated notes	123,482	123,262
Junior subordinated debt securities	61,856	61,856
ACL on off-balance sheet credit exposures	34,057	36,838
Operating lease liabilities	41,584	38,932
Other liabilities	340,625	324,405
Total Liabilities	17,060,342	16,523,210
Shareholders' Equity
Common stock, no par value: Authorized: 250,000,000 shares Issued and outstanding: 61,071,173 shares - 2023; 60,977,686 shares - 2022	12,725	12,705
Capital surplus	159,688	154,645
Retained earnings	1,709,157	1,600,321
Accumulated other comprehensive income (loss), net of tax	(219,723)	(275,403)
Total Shareholders' Equity	1,661,847	1,492,268
Total Liabilities and Shareholders' Equity	$ 18,722,189	$ 18,015,478

About Trustmark Corp

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. The company was founded in 1889 and is headquartered in Jackson, Mississippi.

CEO	Mr. Duane Arthur Dewey CFP, CFP, M.A.
WEBSITE	trustmark.com
INDUSTRY	Banks Diversified
EMPLOYEES	2761

Trustmark Corp Frequently Asked Questions

What is the ticker symbol for Trustmark Corp? What does TRMK stand for in stocks?

TRMK is the stock ticker symbol of Trustmark Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Trustmark Corp (TRMK)?

As of Thu Apr 18 2024, market cap of Trustmark Corp is 1.57 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TRMK stock?

You can check TRMK's fair value in chart for subscribers.

What is the fair value of TRMK stock?

You can check TRMK's fair value in chart for subscribers. The fair value of Trustmark Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Trustmark Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TRMK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Trustmark Corp a good stock to buy?

The fair value guage provides a quick view whether TRMK is over valued or under valued. Whether Trustmark Corp is cheap or expensive depends on the assumptions which impact Trustmark Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TRMK.

What is Trustmark Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 18 2024, TRMK's PE ratio (Price to Earnings) is 9.5 and Price to Sales (PS) ratio is 1.79. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TRMK PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Trustmark Corp's stock?

In the past 10 years, Trustmark Corp has provided 0.033 (multiply by 100 for percentage) rate of return.