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TRMK

Trustmark NasdaqGS:TRMK Stock Report

Last Price

US$28.81

Market Cap

US$1.8b

7D

5.1%

1Y

-14.4%

Updated

26 May, 2022

Data

Company Financials +
TRMK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends3/6

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.

Rewards

Trading at 46% below our estimate of its fair value

Earnings are forecast to grow 9.97% per year

Risk Analysis

No risks detected for TRMK from our risk checks.

Trustmark Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Trustmark
Historical stock prices
Current Share PriceUS$28.81
52 Week HighUS$35.30
52 Week LowUS$26.67
Beta0.90
1 Month Change0.84%
3 Month Change-10.22%
1 Year Change-14.43%
3 Year Change-10.75%
5 Year Change-7.48%
Change since IPO743.22%

Recent News & Updates

May 02
Trustmark's (NASDAQ:TRMK) Dividend Will Be US$0.23

Trustmark's (NASDAQ:TRMK) Dividend Will Be 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
7D5.1%3.9%1.0%
1Y-14.4%-15.0%-15.1%

Return vs Industry: TRMK matched the US Banks industry which returned -15% over the past year.

Return vs Market: TRMK matched the US Market which returned -15.1% over the past year.

Price Volatility

Is TRMK's price volatile compared to industry and market?
TRMK volatility
TRMK Average Weekly Movement3.5%
Banks Industry Average Movement3.9%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: TRMK is less volatile than 75% 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
18892,725Duane 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 operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services.

Trustmark Fundamentals Summary

How do Trustmark's earnings and revenue compare to its market cap?
TRMK fundamental statistics
Market CapUS$1.77b
Earnings (TTM)US$124.61m
Revenue (TTM)US$637.35m

14.2x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRMK income statement (TTM)
RevenueUS$637.35m
Cost of RevenueUS$0
Gross ProfitUS$637.35m
Other ExpensesUS$512.73m
EarningsUS$124.61m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.03
Gross Margin100.00%
Net Profit Margin19.55%
Debt/Equity Ratio27.9%

How did TRMK perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

46%

Payout Ratio

Does TRMK pay a reliable dividends?

See TRMK dividend history and benchmarks
When do you need to buy TRMK by to receive an upcoming dividend?
Trustmark dividend dates
Ex Dividend DateMay 31 2022
Dividend Pay DateJun 15 2022
Days until Ex dividend4 days
Days until Dividend pay date19 days

Does TRMK pay a reliable dividends?

See TRMK dividend history and benchmarks

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


46.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TRMK ($28.81) is trading below our estimate of fair value ($53.3)

Significantly Below Fair Value: TRMK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TRMK is poor value based on its Price-To-Earnings Ratio (14.2x) compared to the US Banks industry average (9.8x).

PE vs Market: TRMK is good value based on its Price-To-Earnings Ratio (14.2x) compared to the US market (15.2x).


Price to Earnings Growth Ratio

PEG Ratio: TRMK is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: TRMK's Price-To-Book Ratio (1.1x) 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 5 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRMK's forecast earnings growth (10% per year) is above the savings rate (1.9%).

Earnings vs Market: TRMK's earnings (10% per year) are forecast to grow slower than the US market (13% per year).

High Growth Earnings: TRMK's earnings are forecast to grow, but not significantly.

Revenue vs Market: TRMK's revenue (6.6% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: TRMK's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TRMK's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Trustmark performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TRMK has high quality earnings.

Growing Profit Margin: TRMK's current net profit margins (19.6%) are lower than last year (27.2%).


Past Earnings Growth Analysis

Earnings Trend: TRMK's earnings have grown by 7.9% 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 (-34.3%) over the past year, making it difficult to compare to the Banks industry average (20.9%).


Return on Equity

High ROE: TRMK's Return on Equity (7.6%) is considered low.


Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: TRMK's Assets to Equity ratio (10.7x) is moderate.

Allowance for Bad Loans: TRMK has a sufficient allowance for bad loans (153%).

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 (59%).

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?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.19%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 27 2022Ex Dividend DateMay 31 2022Dividend Pay DateJun 15 202215 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: TRMK's dividend (3.19%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: TRMK's dividend (3.19%) is low compared to the top 25% of dividend payers in the US market (4.01%).


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

Earnings Coverage: With its reasonably low payout ratio (46%), TRMK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

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

1.3yrs

Average management tenure


CEO

Duane Dewey (62 yo)

1.33yrs

Tenure

US$2,472,426

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 ($USD2.47M) is below average for companies of similar size in the US market ($USD5.40M).

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

Experienced Management: TRMK's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: TRMK's board of directors are considered experienced (6.1 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 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$1.771b
  • Shares outstanding: 61.46m
  • 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 Analysis2022/05/26 00:00
End of Day Share Price2022/05/26 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.