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TRMK

TrustmarkNasdaqGS:TRMK Stock Report

Last Price

US$35.25

Market Cap

US$2.2b

7D

0.6%

1Y

15.4%

Updated

16 Jan, 2022

Data

Company Financials +
TRMK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

TRMK Stock Overview

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.

Trustmark Competitors

Signature Bank

NasdaqGS:SBNY

US$21.9b

First Horizon

NYSE:FHN

US$10.1b

Cullen/Frost Bankers

NYSE:CFR

US$9.1b

Commerce Bancshares

NasdaqGS:CBSH

US$9.1b

Price History & Performance

Summary of all time highs, changes and price drops for Trustmark
Historical stock prices
Current Share PriceUS$35.25
52 Week HighUS$36.31
52 Week LowUS$27.23
Beta0.94
1 Month Change9.37%
3 Month Change7.01%
1 Year Change15.38%
3 Year Change16.03%
5 Year Change6.18%
Change since IPO931.71%

Recent News & Updates

Nov 01
Trustmark (NASDAQ:TRMK) Will Pay A Dividend Of US$0.23

Trustmark (NASDAQ:TRMK) Will Pay A Dividend Of US$0.23

The board of Trustmark Corporation ( NASDAQ:TRMK ) has announced that it will pay a dividend on the 15th of December...

Oct 25
Here's Why I Think Trustmark (NASDAQ:TRMK) Is An Interesting Stock

Here's Why I Think Trustmark (NASDAQ:TRMK) Is An Interesting Stock

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Aug 30
Trustmark (NASDAQ:TRMK) Has Re-Affirmed Its Dividend Of US$0.23

Trustmark (NASDAQ:TRMK) Has Re-Affirmed Its Dividend Of US$0.23

Trustmark Corporation ( NASDAQ:TRMK ) has announced that it will pay a dividend of US$0.23 per share on the 15th of...

Shareholder Returns

TRMKUS BanksUS Market
7D0.6%-0.5%-0.5%
1Y15.4%32.9%13.7%

Return vs Industry: TRMK underperformed the US Banks industry which returned 32.9% over the past year.

Return vs Market: TRMK exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is TRMK's price volatile compared to industry and market?
TRMK volatility
TRMK Average Weekly Movement4.3%
Banks Industry Average Movement3.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: TRMK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TRMK's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18892,680Duane Deweyhttps://www.trustmark.com

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. The company offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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. It also provides mortgage banking services, including construction financing, production of conventional and government insured mortgages, and secondary marketing and mortgage servicing; and treasury management services.

Trustmark Fundamentals Summary

How do Trustmark's earnings and revenue compare to its market cap?
TRMK fundamental statistics
Market CapUS$2.20b
Earnings (TTM)US$172.36m
Revenue (TTM)US$705.97m

12.8x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRMK income statement (TTM)
RevenueUS$705.97m
Cost of RevenueUS$0
Gross ProfitUS$705.97m
ExpensesUS$533.61m
EarningsUS$172.36m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 25, 2022

Earnings per share (EPS)2.76
Gross Margin100.00%
Net Profit Margin24.41%
Debt/Equity Ratio24.1%

How did TRMK perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

34%

Payout Ratio

Valuation

Is Trustmark undervalued compared to its fair value and its price relative to the market?

11.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TRMK ($35.25) is trading below our estimate of fair value ($39.77)

Significantly Below Fair Value: TRMK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TRMK is poor value based on its PE Ratio (12.8x) compared to the US Banks industry average (11.3x).

PE vs Market: TRMK is good value based on its PE Ratio (12.8x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: TRMK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: TRMK's PB Ratio (1.2x) is in line with the US Banks industry average.


Future Growth

How is Trustmark forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRMK's earnings are forecast to decline over the next 3 years (-7.9% per year).

Earnings vs Market: TRMK's earnings are forecast to decline over the next 3 years (-7.9% per year).

High Growth Earnings: TRMK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TRMK's revenue (0.02% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: TRMK's revenue (0.02% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TRMK's Return on Equity is forecast to be low in 3 years time (7.3%).


Past Performance

How has Trustmark performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRMK has high quality earnings.

Growing Profit Margin: TRMK's current net profit margins (24.4%) are higher than last year (22.9%).


Past Earnings Growth Analysis

Earnings Trend: TRMK's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: TRMK's earnings growth over the past year (20.7%) exceeds its 5-year average (11% per year).

Earnings vs Industry: TRMK earnings growth over the past year (20.7%) underperformed the Banks industry 43.7%.


Return on Equity

High ROE: TRMK's Return on Equity (9.7%) is considered low.


Financial Health

How is Trustmark's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: TRMK's Assets to Equity ratio (9.8x) is low.

Allowance for Bad Loans: TRMK has a sufficient allowance for bad loans (157%).

Low Risk Liabilities: 96% of TRMK's liabilities are made up of primarily low risk sources of funding.

Loan Level: TRMK has an appropriate level of Loans to Assets ratio (58%).

Low Risk Deposits: TRMK's Loans to Deposits ratio (68%) is appropriate.

Level of Bad Loans: TRMK has an appropriate level of bad loans (0.6%).


Dividend

What is Trustmark current dividend yield, its reliability and sustainability?

2.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TRMK's dividend (2.61%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: TRMK's dividend (2.61%) is low compared to the top 25% of dividend payers in the US market (3.44%).


Stability and Growth of Payments

Stable Dividend: TRMK's dividends per share have been stable in the past 10 years.

Growing Dividend: TRMK's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.7%), TRMK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TRMK's dividends in 3 years are forecast to be well covered by earnings (42.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Duane Dewey (62 yo)

1

Tenure

US$1,649,799

Compensation

Mr. Duane Arthur Dewey, CFP, has been President and Chief Executive Officer of Trustmark Corporation since January 1, 2021. Mr. Dewey has served as President at Trustmark National Bank since January 1, 202...


CEO Compensation Analysis

Compensation vs Market: Duane's total compensation ($USD1.65M) is below average for companies of similar size in the US market ($USD3.62M).

Compensation vs Earnings: Duane's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: TRMK's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: TRMK's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TRMK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Trustmark Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Trustmark Corporation
  • Ticker: TRMK
  • Exchange: NasdaqGS
  • Founded: 1889
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$2.201b
  • Shares outstanding: 62.45m
  • Website: https://www.trustmark.com

Number of Employees


Location

  • Trustmark Corporation
  • 248 East Capitol Street
  • Jackson
  • Mississippi
  • 39201
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:26
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.