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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 |
| Pretax Income | - | 59.10 | 181.03 | 34.06 | 274.68 |
| Tax Provision | - | -1.81 | 27.74 | -11.15 | 50.54 |
| Net Income | - | 71.89 | 165.49 | 223.01 | 224.14 |
| Net Income Common Stockholders | - | 71.89 | 165.49 | 223.01 | 224.14 |
| Interest Expense | - | 47.12 | 325.95 | 375.91 | 312.48 |
| Interest Income | - | 541.83 | 878.83 | 960.33 | 948.62 |
| Selling General And Administration | - | 261.63 | 281.80 | 285.45 | 299.08 |
| Normalized Income | - | 159.15 | 158.79 | 45.21 | 224.14 |
| Market Cap | 2,616.27 | 2,616.27 | 2,616.27 | 2,616.27 | 2,616.27 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Trustmark Corporationthis co. | TRMK | - | 11.67↓ discount | 1.23 | 10.6% | - |
| Seacoast Banking Corporation of Florida | SBCF | $2.8B | 21.13 | 1.13 | 5.3% | - |
| Merchants Bancorp | MBIN | $2.8B | 10.29 | 1.30 | 12.6% | - |
| Artisan Partners Asset Management Inc. | APAM | $2.7B | 9.24 | 6.11 | 66.2% | 5.40 |
| The Bancorp, Inc. | TBBK |
| - |
| - |
| - |
| - |
| - |
| $2.6B |
| 10.71 |
| 3.54 |
| 33.1% |
| - |
| Acadian Asset Management Inc. | AAMI | $2.5B | 30.27 | 39.96 | 132.0% | 14.22 |
| WisdomTree, Inc. | WT | $2.3B | 21.24 | 5.60 | 26.4% | 16.65 |
| Hilltop Holdings Inc. | HTH | $2.3B | 12.95 | 0.99 | 7.6% | - |
| Stewart Information Services Corporation | STC | $2.0B | 18.87 | 1.33 | 7.0% | - |
| Peer Median | - | 15.91 | 2.44 | 19.5% | 14.22 | |