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TRUSTMARK CORP (TRMK) Stock Fundamental Analysis

USA - NASDAQ:TRMK - US8984021027 - Common Stock

40.69 USD
-0.37 (-0.9%)
Last: 9/19/2025, 8:00:01 PM
40.691 USD
0 (0%)
After Hours: 9/19/2025, 8:00:01 PM
Fundamental Rating

4

Overall TRMK gets a fundamental rating of 4 out of 10. We evaluated TRMK against 392 industry peers in the Banks industry. While TRMK is still in line with the averages on profitability rating, there are concerns on its financial health. TRMK has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year TRMK was profitable.
In the past year TRMK had a positive cash flow from operations.
Each year in the past 5 years TRMK has been profitable.
In the past 5 years TRMK always reported a positive cash flow from operatings.
TRMK Yearly Net Income VS EBIT VS OCF VS FCFTRMK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.17%, TRMK is in the better half of the industry, outperforming 76.28% of the companies in the same industry.
TRMK has a Return On Equity of 10.48%. This is in the better half of the industry: TRMK outperforms 71.68% of its industry peers.
Industry RankSector Rank
ROA 1.17%
ROE 10.48%
ROIC N/A
ROA(3y)0.84%
ROA(5y)0.86%
ROE(3y)8.71%
ROE(5y)8.76%
ROIC(3y)N/A
ROIC(5y)N/A
TRMK Yearly ROA, ROE, ROICTRMK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

TRMK's Profit Margin of 28.18% is fine compared to the rest of the industry. TRMK outperforms 74.49% of its industry peers.
TRMK's Profit Margin has improved in the last couple of years.
TRMK does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 28.18%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y20.81%
PM growth 5Y10.6%
GM growth 3YN/A
GM growth 5YN/A
TRMK Yearly Profit, Operating, Gross MarginsTRMK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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2

2. Health

2.1 Basic Checks

TRMK does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, TRMK has about the same amount of shares outstanding.
The number of shares outstanding for TRMK has been reduced compared to 5 years ago.
The debt/assets ratio for TRMK has been reduced compared to a year ago.
TRMK Yearly Shares OutstandingTRMK Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
TRMK Yearly Total Debt VS Total AssetsTRMK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

The Debt to FCF ratio of TRMK is 4.72, which is a neutral value as it means it would take TRMK, 4.72 years of fcf income to pay off all of its debts.
TRMK has a worse Debt to FCF ratio (4.72) than 65.31% of its industry peers.
A Debt/Equity ratio of 0.58 indicates that TRMK is somewhat dependend on debt financing.
The Debt to Equity ratio of TRMK (0.58) is worse than 78.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 4.72
Altman-Z N/A
ROIC/WACCN/A
WACC16.08%
TRMK Yearly LT Debt VS Equity VS FCFTRMK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
TRMK Yearly Current Assets VS Current LiabilitesTRMK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 42.40% over the past year.
The Earnings Per Share has been growing slightly by 5.95% on average over the past years.
TRMK shows a strong growth in Revenue. In the last year, the Revenue has grown by 42.40%.
Measured over the past years, TRMK shows a decrease in Revenue. The Revenue has been decreasing by -2.19% on average per year.
EPS 1Y (TTM)42.4%
EPS 3Y9.95%
EPS 5Y5.95%
EPS Q2Q%37.31%
Revenue 1Y (TTM)42.4%
Revenue growth 3Y-4.97%
Revenue growth 5Y-2.19%
Sales Q2Q%42.74%

3.2 Future

TRMK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.66% yearly.
Based on estimates for the next years, TRMK will show a small growth in Revenue. The Revenue will grow by 5.60% on average per year.
EPS Next Y19.6%
EPS Next 2Y10.66%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.84%
Revenue Next 2Y5.6%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
TRMK Yearly Revenue VS EstimatesTRMK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M
TRMK Yearly EPS VS EstimatesTRMK Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.43, the valuation of TRMK can be described as reasonable.
Based on the Price/Earnings ratio, TRMK is valued a bit cheaper than 67.09% of the companies in the same industry.
TRMK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.38.
With a Price/Forward Earnings ratio of 10.68, the valuation of TRMK can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TRMK is on the same level as its industry peers.
TRMK is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.86, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.43
Fwd PE 10.68
TRMK Price Earnings VS Forward Price EarningsTRMK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, TRMK is valued a bit cheaper than the industry average as 72.96% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.65
EV/EBITDA N/A
TRMK Per share dataTRMK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

TRMK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.58
PEG (5Y)1.92
EPS Next 2Y10.66%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

TRMK has a Yearly Dividend Yield of 2.34%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.47, TRMK is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.38, TRMK has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.34%

5.2 History

The dividend of TRMK has a limited annual growth rate of 0.23%.
TRMK has been paying a dividend for at least 10 years, so it has a reliable track record.
TRMK has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.23%
Div Incr Years0
Div Non Decr Years34
TRMK Yearly Dividends per shareTRMK Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

TRMK pays out 26.59% of its income as dividend. This is a sustainable payout ratio.
The dividend of TRMK is growing, but earnings are growing more, so the dividend growth is sustainable.
DP26.59%
EPS Next 2Y10.66%
EPS Next 3YN/A
TRMK Yearly Income VS Free CF VS DividendTRMK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
TRMK Dividend Payout.TRMK Dividend Payout, showing the Payout Ratio.TRMK Dividend Payout.PayoutRetained Earnings

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TRUSTMARK CORP

NASDAQ:TRMK (9/19/2025, 8:00:01 PM)

After market: 40.691 0 (0%)

40.69

-0.37 (-0.9%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-22 2025-07-22/amc
Earnings (Next)10-20 2025-10-20/amc
Inst Owners75.03%
Inst Owner Change-1.84%
Ins Owners1.71%
Ins Owner Change-0.28%
Market Cap2.46B
Analysts76.67
Price Target44.47 (9.29%)
Short Float %3.61%
Short Ratio7.35
Dividend
Industry RankSector Rank
Dividend Yield 2.34%
Yearly Dividend0.93
Dividend Growth(5Y)0.23%
DP26.59%
Div Incr Years0
Div Non Decr Years34
Ex-Date08-29 2025-08-29 (0.24)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.65%
Min EPS beat(2)3.87%
Max EPS beat(2)5.43%
EPS beat(4)4
Avg EPS beat(4)4.78%
Min EPS beat(4)0.64%
Max EPS beat(4)9.2%
EPS beat(8)7
Avg EPS beat(8)2.17%
EPS beat(12)10
Avg EPS beat(12)-10.81%
EPS beat(16)12
Avg EPS beat(16)-8.84%
Revenue beat(2)0
Avg Revenue beat(2)-0.91%
Min Revenue beat(2)-0.95%
Max Revenue beat(2)-0.88%
Revenue beat(4)1
Avg Revenue beat(4)-0.28%
Min Revenue beat(4)-0.95%
Max Revenue beat(4)1.08%
Revenue beat(8)1
Avg Revenue beat(8)-4.59%
Revenue beat(12)3
Avg Revenue beat(12)-2.93%
Revenue beat(16)4
Avg Revenue beat(16)-2.69%
PT rev (1m)0%
PT rev (3m)5.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.61%
EPS NY rev (1m)0%
EPS NY rev (3m)4.89%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)1.89%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)1.13%
Valuation
Industry RankSector Rank
PE 11.43
Fwd PE 10.68
P/S 3.19
P/FCF 9.65
P/OCF 8.81
P/B 1.19
P/tB 1.53
EV/EBITDA N/A
EPS(TTM)3.56
EY8.75%
EPS(NY)3.81
Fwd EY9.36%
FCF(TTM)4.22
FCFY10.37%
OCF(TTM)4.62
OCFY11.35%
SpS12.76
BVpS34.3
TBVpS26.56
PEG (NY)0.58
PEG (5Y)1.92
Profitability
Industry RankSector Rank
ROA 1.17%
ROE 10.48%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 28.18%
GM N/A
FCFM 33.05%
ROA(3y)0.84%
ROA(5y)0.86%
ROE(3y)8.71%
ROE(5y)8.76%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y20.81%
PM growth 5Y10.6%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 4.72
Debt/EBITDA N/A
Cap/Depr 63.77%
Cap/Sales 3.13%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 117.28%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC16.08%
ROIC/WACCN/A
Cap/Depr(3y)98.8%
Cap/Depr(5y)87.82%
Cap/Sales(3y)5.7%
Cap/Sales(5y)5.28%
Profit Quality(3y)164.76%
Profit Quality(5y)146.26%
High Growth Momentum
Growth
EPS 1Y (TTM)42.4%
EPS 3Y9.95%
EPS 5Y5.95%
EPS Q2Q%37.31%
EPS Next Y19.6%
EPS Next 2Y10.66%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)42.4%
Revenue growth 3Y-4.97%
Revenue growth 5Y-2.19%
Sales Q2Q%42.74%
Revenue Next Year6.84%
Revenue Next 2Y5.6%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y103.55%
FCF growth 3Y-34.72%
FCF growth 5Y0.61%
OCF growth 1Y61.99%
OCF growth 3Y-30.53%
OCF growth 5Y0.09%