Trustmark Management

Management criteria checks 4/4

Trustmark's CEO is Duane Dewey, appointed in Jan 2021, has a tenure of 3.83 years. total yearly compensation is $2.84M, comprised of 29.6% salary and 70.4% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $4.52M. The average tenure of the management team and the board of directors is 3.8 years and 8.6 years respectively.

Key information

Duane Dewey

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage	29.6%
CEO tenure	3.8yrs
CEO ownership	0.2%
Management average tenure	3.8yrs
Board average tenure	8.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Duane Dewey's remuneration changed compared to Trustmark's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$35m
Jun 30 2024	n/a	n/a	US$14m
Mar 31 2024	n/a	n/a	US$156m
Dec 31 2023	US$3m	US$842k	US$165m
Sep 30 2023	n/a	n/a	US$85m
Jun 30 2023	n/a	n/a	US$97m
Mar 31 2023	n/a	n/a	US$90m
Dec 31 2022	US$3m	US$783k	US$72m
Sep 30 2022	n/a	n/a	US$132m
Jun 30 2022	n/a	n/a	US$111m
Mar 31 2022	n/a	n/a	US$125m
Dec 31 2021	US$2m	US$700k	US$147m
Sep 30 2021	n/a	n/a	US$172m
Jun 30 2021	n/a	n/a	US$206m
Mar 31 2021	n/a	n/a	US$190m
Dec 31 2020	US$2m	US$500k	US$160m
Sep 30 2020	n/a	n/a	US$143m
Jun 30 2020	n/a	n/a	US$129m
Mar 31 2020	n/a	n/a	US$139m
Dec 31 2019	US$1m	US$450k	US$150m
Sep 30 2019	n/a	n/a	US$153m
Jun 30 2019	n/a	n/a	US$148m
Mar 31 2019	n/a	n/a	US$146m
Dec 31 2018	US$796k	US$369k	US$150m
Sep 30 2018	n/a	n/a	US$129m
Jun 30 2018	n/a	n/a	US$127m
Mar 31 2018	n/a	n/a	US$111m
Dec 31 2017	US$805k	US$362k	US$106m

Compensation vs Market: Duane's total compensation ($USD2.84M) is below average for companies of similar size in the US market ($USD5.35M).

Compensation vs Earnings: Duane's compensation has been consistent with company performance over the past year.

CEO

Duane Dewey (65 yo)

3.8yrs

Tenure

US$2,840,046

Compensation

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

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Duane Dewey	President	3.8yrs	US$2.84m	0.20% $ 4.5m
Thomas Owens	Principal Financial Officer & Treasurer	3.7yrs	US$999.17k	0.063% $ 1.5m
Granville Tate	Secretary	8.9yrs	US$1.07m	0.072% $ 1.7m
George Chambers	Principal Accounting Officer	3.7yrs	no data	0.027% $ 616.0k
F. Rein	Executive VP & Director of Corporate Strategy	no data	no data	no data
Melanie Morgan	Senior VP & Director of Corporate Communications & Marketing	no data	no data	no data

3.8yrs

Average Tenure

64yo

Average Age

Experienced Management: TRMK's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Duane Dewey	President	4.8yrs	US$2.84m	0.20% $ 4.5m
Gerard Host	Chairman	14.5yrs	US$205.53k	0.40% $ 9.3m
Adolphus Baker	Independent Director	17.5yrs	US$123.03k	0.087% $ 2.0m
Harris Morrissette	Independent Director	8.6yrs	US$111.03k	0.049% $ 1.1m
Richard Puckett	Independent Lead Director	29.8yrs	US$153.03k	0.37% $ 8.6m
Tracy Conerly	Independent Director	9.6yrs	US$127.53k	0.034% $ 790.1k
William Yates	Director	15.5yrs	US$103.03k	0.049% $ 1.1m
Augustus Collins	Independent Director	4.6yrs	US$108.03k	0.020% $ 455.1k
James Hays	Independent Director	7.6yrs	US$125.53k	0.031% $ 708.8k
William Brown	Independent Director	7.6yrs	US$105.53k	0.038% $ 886.8k
Marcelo Eduardo	Independent Director	4.6yrs	US$128.03k	0.014% $ 334.1k

8.6yrs

Average Tenure

65yo

Average Age

Experienced Board: TRMK's board of directors are considered experienced (8.6 years average tenure).

Trustmark Management

Management criteria checks 4/4

Key information

Recent management updates

Chairman recently sold US$1.6m worth of stock

Trustmark Corporation Appoints Lea B. Turnipseed to Its Board of Directors, Effective January 1, 2025

Trustmark Corporation, Annual General Meeting, Apr 23, 2024

Independent Lead Director recently bought US$83k worth of stock

Insufficient new directors

Recent updates

Chairman recently sold US$1.6m worth of stock

Now 21% undervalued

Consensus EPS estimates increase by 16%

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

Third quarter dividend of US$0.23 announced

Trustmark Corporation Appoints Lea B. Turnipseed to Its Board of Directors, Effective January 1, 2025

Third quarter 2024 earnings: EPS exceeds analyst expectations

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2024

Consensus EPS estimates fall by 39%

Trustmark Corporation to Report Q3, 2024 Results on Oct 22, 2024

Consensus EPS estimates fall by 28%

Upcoming dividend of US$0.23 per share

Trustmark's (NASDAQ:TRMK) Dividend Will Be $0.23

Consensus revenue estimates fall by 10%

Trustmark (NASDAQ:TRMK) Is Due To Pay A Dividend Of $0.23

Second quarter dividend of US$0.23 announced

Price target increased by 9.0% to US$36.20

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Trustmark Corporation Declares Quarterly Cash Dividend, Payable September 15, 2024

Consensus EPS estimates fall by 11%

Trustmark Corporation to Report Q2, 2024 Results on Jul 23, 2024

Upcoming dividend of US$0.23 per share

Trustmark: A Low Yield At A Large Premium

Consensus EPS estimates increase by 80%, revenue downgraded

Price target increased by 9.4% to US$32.60

Consensus EPS estimates increase by 88%

Trustmark (NASDAQ:TRMK) Is Paying Out A Dividend Of $0.23

First quarter dividend of US$0.23 announced

Investor sentiment improves as stock rises 16%

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Trustmark Corporation Declares a Quarterly Cash Dividend, Payable on June 15, 2024

Trustmark Corporation to Report Q1, 2024 Results on Apr 23, 2024

Price target increased by 7.2% to US$29.80

Trustmark Reportedly Puts Insurance Broking Unit Up for Sale

Trustmark Corporation, Annual General Meeting, Apr 23, 2024

Upcoming dividend of US$0.23 per share

Trustmark (NASDAQ:TRMK) Is Paying Out A Dividend Of $0.23

Consensus EPS estimates increase by 11%

Fourth quarter dividend of US$0.23 announced

Trustmark Corporation Announced Net Charge Off Result for the Fourth Quarter of Fiscal Year 2023

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on March 15, 2024

Trustmark Corporation to Report Q4, 2023 Results on Jan 23, 2024

Price target increased by 15% to US$25.55

Trustmark Corporation (NasdaqGS:TRMK) announces an Equity Buyback for $50 million worth of its shares.

Upcoming dividend of US$0.23 per share at 4.0% yield

Trustmark (NASDAQ:TRMK) Has Announced A Dividend Of $0.23

Price target decreased by 7.1% to US$23.55

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2023

Trustmark Corporation to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.23 per share at 3.9% yield

Trustmark's (NASDAQ:TRMK) Dividend Will Be $0.23

Consensus EPS estimates increase by 17%

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

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Trustmark Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Now 21% undervalued after recent price drop

Price target decreased by 7.0% to US$25.20

Trustmark Corporation to Report Q2, 2023 Results on Jul 25, 2023

Upcoming dividend of US$0.23 per share at 4.2% yield

Independent Lead Director recently bought US$83k worth of stock

Insufficient new directors

Trustmark (NASDAQ:TRMK) Is Paying Out A Dividend Of $0.23

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued after recent price drop

Price target decreased by 8.5% to US$28.83

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.23 per share at 3.1% yield

Consensus EPS estimates fall by 20%