Saturday 17 October 2026
Export TRMK’s income statement to Excel — free account
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. In the quarter to June 2026, revenue was flat, EPS grew 18.5%, free cash flow grew 48.3% and total debt rose 26.0%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.
44.84
0.03
−0.07%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 19.75 | 28.16 | 26.84 | 27.52 | 20.08 | 26.60 | 26.67 | 18.96 | 25.24 | 29.77 |
Analyst estimates 2026–2028 Powerpack |
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| High | 36.79 | 36.58 | 36.32 | 36.64 | 34.84 | 36.31 | 38.47 | 35.58 | 40.73 | 41.43 | |||||
| People | |||||||||||||||
| People | Employees | 2,788 | 2,893 | 2,856 | 2,844 | 2,797 | 2,692 | 2,738 | 2,757 | 2,500 | 2,543 | ||||
| Revenue/emp, $m | 0.21 | 0.22 | 0.23 | 0.25 | 0.27 | 0.25 | 0.25 | 0.37 | 0.37 | 0.44 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 586 | 634 | 670 | 698 | 743 | 664 | 693 | 1,027 | 937 | 1,112 | ||||
| Gross margin, % | 95.81 | 93.34 | 90.13 | 87.97 | 94.37 | 96.36 | 93.20 | 68.27 | 59.88 | 71.91 | |||||
| EBT | 139 | 154 | 172 | 174 | 190 | 175 | 59 | 181 | 34 | 275 | |||||
| EBT margin, % | 23.80 | 24.33 | 25.63 | 24.92 | 25.55 | 26.40 | 8.53 | 17.62 | 3.64 | 24.70 | |||||
| Net income | 108 | 106 | 150 | 150 | 160 | 147 | 72 | 165 | 223 | 224 | |||||
| Depreciation | 46 | 49 | 48 | 47 | 55 | 66 | 51 | 42 | 27 | 15 | |||||
| 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 | ||||
| Earnings | 1.60 | 1.56 | 2.22 | 2.33 | 2.52 | 2.35 | 1.17 | 2.71 | 3.65 | 3.72 | |||||
| Cash flow | 2.19 | 3.05 | 3.54 | 1.80 | 1.03 | 5.55 | 4.84 | 3.22 | 1.91 | 4.04 | |||||
| Capex | (0.17) | (0.15) | (0.40) | (0.43) | (0.44) | (0.48) | (0.47) | (0.77) | (0.43) | (0.27) | |||||
| Free cash flow | 2.02 | 2.90 | 3.14 | 1.38 | 0.59 | 5.07 | 4.37 | 2.46 | 1.48 | 3.78 | |||||
| Book value | 22.48 | 23.21 | 23.58 | 25.70 | 27.42 | 27.73 | 24.37 | 27.22 | 32.09 | 35.18 | |||||
| Shares, m | 68 | 68 | 68 | 65 | 64 | 63 | 61 | 61 | 61 | 60 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 22.17 | 20.52 | 12.81 | 14.81 | 10.79 | 13.87 | 29.97 | 10.25 | 9.69 | 10.50 | ||||
| P/S | 4.12 | 3.40 | 2.86 | 3.20 | 2.33 | 3.07 | 3.07 | 1.65 | 2.31 | 2.11 | |||||
| P/B | 1.59 | 1.37 | 1.21 | 1.34 | 1.00 | 1.17 | 1.43 | 1.02 | 1.10 | 1.11 | |||||
| EV/Sales | 4.09 | 2.96 | 2.43 | 2.77 | (0.04) | (0.07) | 2.27 | 0.88 | 1.90 | 1.72 | |||||
| EV/FCF | 17.52 | 9.58 | 7.69 | 21.73 | (0.90) | (0.14) | 5.89 | 6.04 | 19.67 | 8.40 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 148 | 207 | 239 | 116 | 65 | 349 | 297 | 197 | 117 | 244 | ||||
| Capex | (11) | (10) | (27) | (27) | (28) | (30) | (29) | (47) | (26) | (16) | |||||
| Free cash flow | 137 | 196 | 212 | 89 | 37 | 319 | 268 | 150 | 91 | 228 | |||||
| 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) | ||||
| Total debt | 313 | 63 | 62 | 62 | 185 | 185 | 185 | 185 | 186 | 234 | |||||
| Net debt | (15) | (274) | (289) | (297) | (1,768) | (2,082) | (554) | (790) | (382) | (434) | |||||
| Shareholders’ equity | 1,520 | 1,572 | 1,591 | 1,661 | 1,741 | 1,741 | 1,492 | 1,662 | 1,962 | 2,122 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 0.83 | 0.78 | 1.10 | 1.12 | 1.07 | 0.86 | 0.40 | 0.90 | 1.21 | 1.21 | ||||
| ROIC | 5.79 | 7.43 | 8.24 | 7.97 | 0.00 | 0.00 | 3.94 | 12.98 | 1.35 | 10.17 | |||||
| ROE | 7.24 | 6.83 | 9.46 | 9.25 | 9.41 | 8.46 | 4.45 | 10.49 | 12.31 | 10.98 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| BANC Banc of California, Inc. | $2.7B | — (loss-making) | 11.3× | −60.17% (below 0%: shrinking) | n/m | +158.46% (above 0%: growing) | 9.09% | 0.00% | Compare |
| BOH Bank of Hawaii Corporation | $2.7B | 12.4× | 13.0× | +2.31% (above 0%: growing) | +38.32% (above 0%: growing) | +16.90% (above 0%: growing) | 73.09% | 0.00% | Compare |
| BBAR BBVA Banco Frances S.A. | $2.6B | 9.3× | — | +7.57% (above 0%: growing) | +83.33% (above 0%: growing) | −107.66% (below 0%: shrinking) | 69.86% | 0.00% | Compare |
| NBTB NBT Bancorp Inc. | $2.6B | 12.4× | 11.1× | +4.89% (above 0%: growing) | +126.67% (above 0%: growing) | +37.10% (above 0%: growing) | 79.28% | 0.00% | Compare |
| TRMK Trustmark Corporation | $2.6B | 11.4× | 11.3× | +0.97% (above 0%: growing) | +18.48% (above 0%: growing) | +48.33% (above 0%: growing) | 74.36% | 0.00% | |
| CUBI Customers Bancorp, Inc | $2.5B | 8.8× | 8.7× | +5.90% (above 0%: growing) | +19.77% (above 0%: growing) | −34.56% (below 0%: shrinking) | 60.05% | 0.00% | Compare |
| FBNC First Bancorp | $2.5B | 18.7× | 12.6× | +8.82% (above 0%: growing) | +31.18% (above 0%: growing) | +49.87% (above 0%: growing) | 77.46% | 0.00% | Compare |
| FBK FB Financial Corporation | $2.5B | 11.4× | 11.4× | −1.10% (below 0%: shrinking) | +180.40% (above 0%: growing) | +8.46% (above 0%: growing) | 66.94% | 0.00% | Compare |
| FRME First Merchants Corporation | $2.5B | 12.7× | 10.9× | +14.16% (above 0%: growing) | −28.57% (below 0%: shrinking) | +64.02% (above 0%: growing) | 65.81% | 0.00% | Compare |
| Median of peers | $2.6B | 12.4× | 11.3× | +5.40% | +38.32% | +27.00% | 68.40% | 0.00% |
Trustmark Corporation (TRMK) key facts
- Strength: Trustmark Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 18.7% from fiscal 2024.
- Strength: Net income was $224.1 million, or $3.72 per share (basic), a net margin of 20.2%.
- Trustmark Corporation (TRMK) is a Banks Regional company in the Financial sector, listed on Nasdaq.
- As of October 16, 2026, TRMK traded at $44.84, a market capitalization of $2.6 billion.
- At that price the stock trades at 11.4× trailing-twelve-month earnings and 2.3× sales; its P/E is higher than 28% of its own readings over the past ten years.
- Trustmark Corporation pays an annual dividend of $0.99 per share, a yield of 2.21%, with a payout ratio of 25.1%.
- Return on equity was 11.0% and debt-to-equity 0.11.
- Its Piotroski F-score is 7 out of 9 for fiscal 2025.