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Trustmark Corporation

TRMK Financial Banks Regional

Trustmark Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 18.7% from fiscal 2024.

Revenue
+0.24%
EPS
+6.55%
Free cash flow
+48.3%
Total debt
+26.0%

Quarter to September 2026, against a year earlier

44.61 1.02 −2.24%
Market cap
$2.6B
P/E
11.1×
Fwd P/E
11.0×
Dividend yield
2.22%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.02
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — 1 — —
Insider Ownership 7.78%

Capital & Financial Ratios $m

Size
Market Cap 2,590.00
Revenue ttm 1,118.32
Net income ttm 234.30
Free cash flow ttm 180.01
Net debt Q (476.11)
Valuation
P/E 11.12
Forward P/E 11.00
Price / sales 2.31
Forward P/S Powerpack
Price / FCF 14.37
Price / book 1.24
Financial health
Current ratio Q 0.89
Debt / equity Q 0.11
Interest coverage Q —
Growth
Revenue growth Q +0.24% (above 0%: growing)
Operating income growth Q +5.18% (above 0%: growing)
EPS, this year +7.01%
EPS, next year A +8.48%
Revenue, next year A −25.06% (below 0%: weak)
EPS, past 5 yrs +8.07%
EPS, next 5 yrs A +7.40%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 23.18%
10-year low 10-year high
P/S against its own 10 years 31.13%
10-year low 10-year high
P/B against its own 10 years 60.32%
10-year low 10-year high

Dividends

Yield
2.22%
Annual rate
0.99
Payout ratio
24.8%
Growth, 2017–25
+0.53%/yr
  1. 0.92 ’17
  2. 0.92 ’18 +0
  3. 0.92 ’19 +0
  4. 0.92 ’20 +0
  5. 0.92 ’21 +0
  6. 0.92 ’22 +0
  7. 0.92 ’23 +0
  8. 0.92 ’24 +0
  9. 0.96 ’25 +4
  10. 1.00 ’26e +4
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 975 567 668 710
Receivables — — — —
Inventory — — — —
Other — — — —
13,971 13,697 14,464 14,677
2023 2024 2025 Q'26
Payables 15,570 15,108 15,500 16,058
ST’ Debt — — — —
Other — — — —
16,459 15,734 16,310 16,399

Compound Annual Growth %

10y 5y 3y
Sales 6.63% 8.41% 17.07%
Cash Flow 3.52% 30.14% (6.30%)
Earnings 6.80% 6.97% 46.09%
Book Value 3.72% 4.03% 12.45%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.00 Actual 1.00

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.91 0.97 Beat by 0.06
Q1 FY26 0.87 0.95 Beat by 0.08
Q2 FY26 0.97 0.97 Met by 0.00
Q3 FY26 1.00 1.00 Met by 0.00
Q4 FY26 1.02 — Reports 26 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.95 1.08 1.00 — —
’25 0.88 0.92 0.94 0.97 3.70
’24 0.68 1.20 0.84 0.92 3.63
’23 0.82 0.74 0.56 0.59 2.70
’22 0.47 0.56 0.69 (0.56) 1.17
’21 0.82 0.76 0.34 0.42 2.34
’20 0.35 0.51 0.86 0.81 2.51
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 274 280 283 — —
’25 272 277 283 281 1,112
’24 269 98 289 281 937
’23 250 256 265 255 1,027
’22 158 170 197 168 693
’21 170 182 158 154 664
’20 186 184 188 185 743
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 27 57 — — —
’25 82 38 66 58 244
’24 (59) 17 60 99 117
’23 3 24 106 64 197
’22 62 89 78 68 297
’21 83 105 59 102 349
’20 (79) 95 (45) 94 65
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 18 48 — — —
’25 81 32 61 53 228
’24 (66) 10 51 95 91
’23 (16) 14 96 56 150
’22 55 83 69 60 268
’21 74 97 54 93 319
’20 (85) 89 (54) 87 37
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 586 634 670 698 743 664 693 1,027 937 1,112 1,118 +7.4% 834 901 940 (5.4%)
Gross margin, % 95.81 93.34 90.13 87.97 94.37 96.36 93.20 68.27 59.88 71.91 73.80 (23.9) pt
EBT 139 154 172 174 190 175 59 181 34 275 287 +7.8%
EBT margin, % 23.80 24.33 25.63 24.92 25.55 26.40 8.53 17.62 3.64 24.70 25.66 +0.9 pt
Net income 108 106 150 150 160 147 72 165 223 224 234 +8.4%
Per share, $
Per share, $ Revenue 8.67 9.37 9.93 10.79 11.70 10.58 11.32 16.83 15.32 18.44 19.29 +8.8%
Earnings 1.60 1.56 2.22 2.33 2.52 2.35 1.17 2.71 3.65 3.72 4.01 +9.8%
Cash flow 2.19 3.05 3.54 1.80 1.03 5.55 4.84 3.22 1.91 4.04 0.00 +7.0%
Capex (0.17) (0.15) (0.40) (0.43) (0.44) (0.48) (0.47) (0.77) (0.43) (0.27) 0.00 +5.1%
Free cash flow 2.02 2.90 3.14 1.38 0.59 5.07 4.37 2.46 1.48 3.78 0.00 +7.2%
Book value 22.48 23.21 23.58 25.70 27.42 27.73 24.37 27.22 32.09 35.18 36.10 +5.1%
Shares, m 68 68 68 65 64 63 61 61 61 60 59 (1.3%)
Valuation, ×
Valuation, × P/E 22.17 20.52 12.81 14.81 10.79 13.87 29.97 10.25 9.69 10.50 11.12 15.5
P/S 4.12 3.40 2.86 3.20 2.33 3.07 3.07 1.65 2.31 2.11 2.31 2.8
P/B 1.59 1.37 1.21 1.34 1.00 1.17 1.43 1.02 1.10 1.11 1.24 1.2
EV/Sales 4.09 2.96 2.43 2.77 (0.04) (0.07) 2.27 0.88 1.90 1.72 — 1.9
EV/FCF 17.52 9.58 7.69 21.73 (0.90) (0.14) 5.89 6.04 19.67 8.40 — 9.5
Cash, $m
Cash, $m Operating cash flow 148 207 239 116 65 349 297 197 117 244 208 +5.7%
Capex (11) (10) (27) (27) (28) (30) (29) (47) (26) (16) (28) +3.8%
Free cash flow 137 196 212 89 37 319 268 150 91 228 180 +5.8%
Balance, $m
Balance, $m Working capital (2,821) (2,751) (2,128) (1,679) (2,275) (2,726) (2,980) (2,487) (2,036) (1,846) (1,723) (4.6%)
Net debt (15) (274) (289) (297) (1,768) (2,082) (554) (790) (382) (434) (476) +45.0%
Shareholders’ equity 1,520 1,572 1,591 1,661 1,741 1,741 1,492 1,662 1,962 2,122 2,093 +3.8%
Returns, %
Returns, % ROA 0.83 0.78 1.10 1.12 1.07 0.86 0.40 0.90 1.21 1.21 1.24 +0.4 pt
ROIC 5.79 7.43 8.24 7.97 0.00 0.00 3.94 12.98 1.35 10.17 11.20 +4.4 pt
ROE 7.24 6.83 9.46 9.25 9.41 8.46 4.45 10.49 12.31 10.98 11.20 +3.7 pt
People
People Employees 2,788 2,893 2,856 2,844 2,797 2,692 2,738 2,757 2,500 2,543 — (1.0%)
Revenue/emp, $m 0.21 0.22 0.23 0.25 0.27 0.25 0.25 0.37 0.37 0.44 — +8.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Trustmark Corporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NBTB NBT Bancorp Inc. $2.8B 12.7× 12.4× +1.43% (above 0%: growing) +7.69% (above 0%: growing) +37.10% (above 0%: growing) 79.49% 0.00% Compare
BOH Bank of Hawaii Corporation $2.7B 12.0× 11.9× −0.66% (below 0%: shrinking) +35.07% (above 0%: growing) +211.82% (above 0%: growing) 73.11% 0.00% Compare
FBNC First Bancorp $2.7B 16.3× 13.5× +28.80% (above 0%: growing) +154.02% (above 0%: growing) +103.23% (above 0%: growing) 76.83% 0.00% Compare
FBK FB Financial Corporation $2.7B 12.0× 11.6× −1.10% (below 0%: shrinking) +179.07% (above 0%: growing) −58.85% (below 0%: shrinking) 66.94% 0.00% Compare
TRMK Trustmark Corporation $2.6B 11.1× 11.0× +0.24% (above 0%: growing) +6.55% (above 0%: growing) +48.33% (above 0%: growing) 74.14% 0.00%
BBT Beacon Financial Corporation $2.6B 11.4× 10.9× +42.19% (above 0%: growing) n/m +88.09% (above 0%: growing) 68.68% 0.00% Compare
FRME First Merchants Corporation $2.6B 12.7× 12.5× +12.85% (above 0%: growing) +11.22% (above 0%: growing) −10.46% (below 0%: shrinking) 65.93% 0.00% Compare
BANR Banner Corporation $2.6B 11.8× 11.7× +1.50% (above 0%: growing) −11.61% (below 0%: shrinking) −40.58% (below 0%: shrinking) 77.09% 0.00% Compare
SYBT Stock Yards Bancorp, Inc. $2.5B 15.2× 14.8× +11.93% (above 0%: growing) +14.63% (above 0%: growing) +134.96% (above 0%: growing) 74.21% 0.00% Compare
Median of peers $2.6B 12.4× 12.2× +6.72% +14.63% +62.60% 73.66% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 16 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.64m 3.70m 165.91
2024 3.24m 4.05m 120.56
2023 2.84m 2.33m 92.30
2022 2.74m 2.81m 111.19
2021 2.47m 2.67m 100.46

Ownership

Directors and executive officers, together 1.70%
BlackRock, Inc. 15.00%
The Vanguard Group 11.40%
Dimensional Fund Advisors, LP 6.50%
Wellington Management Group, LLP 5.60%
State Street Corporation 5.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Trustmark Corporation (TRMK) Latest News

29 Oct

Impact 4 · · The Motley Fool
Impact 3 · · Simply Wall St.

28 Oct

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 3 · · Associated Press

27 Oct

Impact 3 · · Zacks
Impact 3 ·
Impact 3 · · StockStory

26 Oct

Impact 3 · · StockStory

23 Oct

Impact 3 · · StockStory

21 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

20 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

13 Oct

Impact 3 · · Business Wire

9 Aug

Impact 3 ·

2 Aug

Impact 3 ·

30 Jul

Impact 3 ·

29 Jul

Impact 3 ·
Impact 3 · · MarketBeat
Impact 3 · · Moby transcript

28 Jul

Impact 3 ·
Impact 3 ·

29 Apr

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby
Impact 3 · · MarketBeat

28 Apr

Impact 4 · · Zacks
Impact 4 · · Zacks

TRMK metrics, ten years each

stockrow.com/TRMK · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com