Trustmark
Market Cap
US$1.9b
Last Updated
2021/01/17 23:13 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 6.5% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Trustmark's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRMK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TRMK's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
2.6%
TRMK
0.8%
US Banks
-1.0%
US Market
1 Year Return
-11.3%
TRMK
-7.2%
US Banks
19.6%
US Market
Return vs Industry: TRMK underperformed the US Banks industry which returned -7.2% over the past year.
Return vs Market: TRMK underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| TRMK | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 0.8% | -1.0% |
| 30 Day | 12.5% | 13.4% | 2.3% |
| 90 Day | 33.9% | 40.1% | 13.1% |
| 1 Year | -8.1%-11.3% | -3.8%-7.2% | 22.3%19.6% |
| 3 Year | -0.3%-9.0% | 1.6%-7.1% | 45.3%35.7% |
| 5 Year | 71.7%47.2% | 87.4%63.6% | 124.8%99.8% |
Long-Term Price Volatility Vs. Market
How volatile is Trustmark's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Read This Before Selling Trustmark Corporation (NASDAQ:TRMK) Shares1 month ago | Simply Wall St
Here's What We Like About Trustmark's (NASDAQ:TRMK) Upcoming Dividend1 month ago | Simply Wall St
The Case For Trustmark Corporation (NASDAQ:TRMK): Could It Be A Nice Addition To Your Dividend Portfolio?Valuation
Is Trustmark undervalued compared to its fair value and its price relative to the market?
13.63x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRMK ($30.55) is trading above our estimate of fair value ($22.3)
Significantly Below Fair Value: TRMK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRMK is poor value based on its PE Ratio (13.6x) compared to the US Banks industry average (12.3x).
PE vs Market: TRMK is good value based on its PE Ratio (13.6x) compared to the US market (21x).
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 is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is Trustmark forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-6.5%
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 (-6.5% per year).
Earnings vs Market: TRMK's earnings are forecast to decline over the next 3 years (-6.5% per year).
High Growth Earnings: TRMK's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TRMK's revenue is expected to decline over the next 3 years (-1.9% per year).
High Growth Revenue: TRMK's revenue is forecast to decline over the next 3 years (-1.9% 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%).
Next Steps
Past Performance
How has Trustmark performed over the past 5 years?
6.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRMK has high quality earnings.
Growing Profit Margin: TRMK's current net profit margins (22.6%) are lower than last year (25.5%).
Past Earnings Growth Analysis
Earnings Trend: TRMK's earnings have grown by 6.9% per year over the past 5 years.
Accelerating Growth: TRMK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRMK had negative earnings growth (-6.8%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).
Return on Equity
High ROE: TRMK's Return on Equity (8.3%) is considered low.
Next Steps
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 (9.1x) is low.
Allowance for Bad Loans: TRMK has a sufficient allowance for bad loans (227%).
Low Risk Liabilities: 95% 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 (69%).
Low Risk Deposits: TRMK's Loans to Deposits ratio (81%) is appropriate.
Level of Bad Loans: TRMK has an appropriate level of bad loans (0.5%).
Next Steps
Dividend
What is Trustmark current dividend yield, its reliability and sustainability?
3.01%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRMK's dividend (3.01%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: TRMK's dividend (3.01%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 (41.1%), 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 (45.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average management tenure
CEO
Duane Dewey (61 yo)
no data
Tenure
US$1,308,526
Compensation
Mr. Duane Arthur Dewey, CFP, has been President and Chief Executive Officer of Trustmark Corporation since January 1, 2021. Mr. Dewey serves as President at Trustmark National Bank since January 1, 2020. H...
CEO Compensation Analysis
Compensation vs Market: Duane's total compensation ($USD1.31M) is below average for companies of similar size in the US market ($USD3.88M).
Compensation vs Earnings: Duane's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.75yr | US$3.10m | 0.42% $ 8.1m | |
| President | no data | US$1.31m | 0.097% $ 1.9m | |
| Treasurer & Principal Financial Officer | 14yrs | US$1.09m | 0.079% $ 1.5m | |
| President of Retail Banking of Trustmark National Bank | 9.33yrs | US$1.03m | 0.069% $ 1.3m | |
| Senior VP & Assistant Secretary | no data | no data | no data | |
| Senior VP & Director of Corporate Communications & Marketing | no data | no data | no data | |
| Secretary | 5.08yrs | no data | 0.042% $ 822.7k |
9.3yrs
Average Tenure
63yo
Average Age
Experienced Management: TRMK's management team is seasoned and experienced (9.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.75yr | US$3.10m | 0.42% $ 8.1m | |
| President | no data | US$1.31m | 0.097% $ 1.9m | |
| Director | 3.75yrs | US$110.44k | 0.10% $ 2.0m | |
| Independent Director | 13.67yrs | US$274.73k | 0.058% $ 1.1m | |
| Independent Director | 4.75yrs | US$105.94k | 0.027% $ 521.6k | |
| Independent Lead Director | no data | US$340.77k | 0.17% $ 3.4m | |
| Independent Director | 7.67yrs | US$115.44k | 0.026% $ 512.3k | |
| Independent Director | 5.75yrs | US$124.44k | 0.019% $ 375.7k | |
| Director | 11.67yrs | US$100.44k | 0.032% $ 617.3k | |
| Independent Director | 0.75yr | no data | 0.0037% $ 72.5k | |
| Independent Director | 3.75yrs | US$100.44k | 0.015% $ 294.7k | |
| Independent Director | 3.75yrs | US$100.44k | 0.022% $ 422.2k |
3.8yrs
Average Tenure
61.5yo
Average Age
Experienced Board: TRMK's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Trustmark Corporation
- Ticker: TRMK
- Exchange: NasdaqGS
- Founded: 1889
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.938b
- Shares outstanding: 63.42m
- Website: https://www.trustmark.com
Number of Employees
Location
- Trustmark Corporation
- 248 East Capitol Street
- Jackson
- Mississippi
- 39201
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRMK | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 1980 |
| TT4 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1980 |
Biography
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. Th...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 23:13 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.