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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. It operates through General Banking and Wealth Management segments. The company offers checking, savings and money market accounts, and certificates of deposit, as well as certificates of deposit and individual retirement accounts; and treasury management services. It also provides loans comprising 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. In addition, the company offers mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing; 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 institutional custody for large governmental entities and foundations, financial and estate planning, and retirement plan services. Further, it provides an intermediary vehicle for the provision of loans or investments in low-income communities. Trustmark Corporation was founded in 1889 and is headquartered in Jackson, Mississippi.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $687M | - | $224M | $224M | 10.6% | 50.7% | 0.5% |
| 2024 | $455M | - | $223M | $88M | 11.4% | -22.9% | 34.8% |
| 2023 | $590M | - | $165M | $148M | 10.0% | 10.1% | 130.2% |
| 2022 | $536M | - | $72M | $263M | 4.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 536.20 | 590.38 | 455.46 | 686.53 |
| Operating Revenue | - | 536.20 | 590.38 | 455.46 | 686.53 |
| Selling General And Administration | - | 261.63 | 281.80 | 285.45 | 299.08 |
| Interest Income | - | 541.83 | 878.83 | 960.33 | 948.62 |
| Interest Expense | - | 47.12 | 325.95 | 375.91 | 312.48 |
| Net Interest Income | - | 494.71 | 552.88 | 584.42 | 636.14 |
| Pretax Income | - | 59.10 | 181.03 | 34.06 | 274.68 |
| Tax Provision | - | -1.81 | 27.74 | -11.15 | 50.54 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.52 | -1 | 0 | 0 |
| Net Income Continuous Operations | - | 60.92 | 153.29 | 45.21 | 224.14 |
| Net Income From Continuing And Discontinued Operation | - | 71.89 | 165.49 | 223.01 | 224.14 |
| Net Income From Continuing Operation Net Minority Interest | - | 60.92 | 153.29 | 45.21 | 224.14 |
| Net Income | - | 71.89 | 165.49 | 223.01 | 224.14 |
| Net Income Common Stockholders | - | 71.89 | 165.49 | 223.01 | 224.14 |
| Net Income Including Noncontrolling Interests | - | 71.89 | 165.49 | 223.01 | 224.14 |
| Normalized Income | - | 159.15 | 158.79 | 45.21 | 224.14 |
| Diluted NI Availto Com Stockholders | - | 71.89 | 165.49 | 223.01 | 224.14 |
| Basic Average Shares | - | 61.24 | 61.05 | 61.16 | 60.31 |
| Diluted Average Shares | - | 61.43 | 61.23 | 61.38 | 60.54 |
| Reconciled Depreciation | - | 39.88 | 35.76 | 38.07 | 40 |
| Total Unusual Items | - | -100.75 | -6.50 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | - | -100.75 | -6.50 | 0 | 0 |
| Net Income Discontinuous Operations | - | 10.97 | 12.20 | 177.80 | 0 |
| Special Income Charges | - | -100.75 | -6.50 | 0 | 0 |
| Other Special Charges | - | 100.75 | 6.50 | - | - |
| Gain On Sale Of Security | - | 0 | 0.04 | -174.74 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 0.98 | 0.29 | 0.11 | 0.13 |
| Depreciation And Amortization In Income Statement | - | 0.98 | 0.29 | 0.11 | 0.13 |
| General And Administrative Expense | - | 261.63 | 281.80 | 285.45 | 299.08 |
| Other Gand A | 5 | - | - | - | - |
| Salaries And Wages | - | 254.25 | 268.27 | 266.24 | 283.38 |
| Insurance And Claims | - | 7.38 | 13.53 | 19.21 | 15.70 |
| Amortization | - | 0.98 | 0.29 | 0.11 | 0.13 |
| Amortization Of Intangibles Income Statement | - | 0.98 | 0.29 | 0.11 | 0.13 |
| Occupancy And Equipment | - | 52.13 | 54.35 | 54.04 | 56.30 |
| Other Non Interest Expense | - | 38.70 | 41.82 | 40.54 | 43.47 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Trustmark Corporationthis co. | TRMK | $2.6B | 11.51 | 1.22 | 10.6% | - |
| Palomar Holdings, Inc. | PLMR | $2.7B | 13.89 | 2.90 | 20.9% | - |
| FB Financial Corporation | FBK | $2.7B | 22.32 | 1.40 | 6.3% | - |
| Acadian Asset Management Inc. | AAMI | $2.7B | 33.77 | 44.58 | 132.0% | 15.77 |
| Artisan Partners Asset Management Inc. | APAM | $2.7B |
| - |
| - |
| - |
| - |
| - |
| 9.16 |
| 6.06 |
| 66.2% |
| 5.35 |
| WaFd, Inc. | WAFD | $2.6B | 11.63 | 0.96 | 8.3% | - |
| Customers Bancorp, Inc. | CUBI | $2.5B | 11.31 | 1.20 | 10.6% | - |
| SiriusPoint Ltd. | SPNT | $2.5B | 5.38 | 1.09 | 20.2% | - |
| First Bancorp | FBNC | $2.5B | 22.27 | 1.49 | 6.7% | - |
| Peer Median | - | 12.76 | 1.45 | 15.4% | 10.56 | |