Declared Dividend • May 20
First quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 1st June 2026 Payment date: 15th June 2026 Dividend yield will be 2.3%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.5% over the next year, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 02
Trustmark Corporation to Report Q1, 2026 Results on Apr 28, 2026 Trustmark Corporation announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 28, 2026 Duyuru • Mar 17
Trustmark Corporation, Annual General Meeting, Apr 28, 2026 Trustmark Corporation, Annual General Meeting, Apr 28, 2026. Duyuru • Jan 06
Trustmark Corporation to Report Q4, 2025 Results on Jan 27, 2026 Trustmark Corporation announced that they will report Q4, 2025 results After-Market on Jan 27, 2026 Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Director Lea Turnipseed was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 02
Trustmark Corporation to Report Q3, 2025 Results on Oct 28, 2025 Trustmark Corporation announced that they will report Q3, 2025 results After-Market on Oct 28, 2025 Duyuru • Jul 23
Trustmark Corporation Declares Quarterly Cash Dividend, Payable on September 15, 2025 The Board of Directors of Trustmark Corporation declared a quarterly cash dividend of $0.24 per share payable September 15, 2025, to shareholders of record on September 1, 2025. Duyuru • Jul 02
Trustmark Corporation to Report Q2, 2025 Results on Jul 22, 2025 Trustmark Corporation announced that they will report Q2, 2025 results After-Market on Jul 22, 2025 Duyuru • Apr 24
Trustmark Corporation announces Quarterly dividend, payable on June 15, 2025 Trustmark Corporation announced Quarterly dividend of USD 0.2400 per share payable on June 15, 2025, ex-date on May 30, 2025 and record date on June 01, 2025. Duyuru • Apr 01
Trustmark Corporation to Report Q1, 2025 Results on Apr 22, 2025 Trustmark Corporation announced that they will report Q1, 2025 results After-Market on Apr 22, 2025 Duyuru • Feb 20
Trustmark Corporation, Annual General Meeting, Apr 22, 2025 Trustmark Corporation, Annual General Meeting, Apr 22, 2025. Duyuru • Jan 03
Trustmark Corporation to Report Q4, 2024 Results on Jan 28, 2025 Trustmark Corporation announced that they will report Q4, 2024 results After-Market on Jan 28, 2025 Recent Insider Transactions • Nov 17
Chairman recently sold €1.5m worth of stock On the 13th of November, Gerard Host sold around 40k shares on-market at roughly €37.57 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gerard's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €36.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.29 per share. Declared Dividend • Oct 28
Third quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 29th November 2024 Payment date: 15th December 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (161% earnings payout ratio). However, the dividend is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to grow by 79% to bring the payout ratio under control. EPS is expected to grow by 146% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Duyuru • Oct 25
Trustmark Corporation Appoints Lea B. Turnipseed to Its Board of Directors, Effective January 1, 2025 On October 22, 2024, the Board of Directors of Trustmark Corporation voted to appoint Lea B. Turnipseed, age 52, to the Board effective January 1, 2025. As of the date of this report, it has not been determined on which Board committees Ms. Turnipseed will serve. Trustmark will file an amendment to this report within four days of the Board making such determination about Ms. Turnipseed’s committee service. Ms. Turnipseed has served since 2022 as Vice President and General Auditor for Entergy Corporation. Previously, she worked for Entergy Mississippi, LLC, serving as Vice President of Customer Service from 2018 to 2022, and Director, Finance from 2012 to 2018. She worked in other positions at Entergy from 1997 to 2012. Ms. Turnipseed has also served on the Board of Governors of the Mississippi Economic Council since 2013, and has served on the Operating Board of the Mississippi Economic Council since 2019. She previously served on the Board of Directors of the Mississippi Manufacturers Association from 2019 to 2022, and the Board of Trustees of the United Way of the Capital Area in Jackson, MS from 2019 to 2022. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: US$0.84 (vs US$0.56 in 3Q 2023) Third quarter 2024 results: EPS: US$0.84 (up from US$0.56 in 3Q 2023). Revenue: US$189.0m (up 3.6% from 3Q 2023). Net income: US$51.3m (up 51% from 3Q 2023). Profit margin: 27% (up from 19% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Oct 23
Trustmark Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2024 The Board of Directors of Trustmark Corporation declared a quarterly cash dividend of $0.23 per share payable December 15, 2024, to shareholders of record on December 1, 2024. Duyuru • Oct 02
Trustmark Corporation to Report Q3, 2024 Results on Oct 22, 2024 Trustmark Corporation announced that they will report Q3, 2024 results After-Market on Oct 22, 2024 Upcoming Dividend • Aug 23
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 15 September 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.5%). Declared Dividend • Jul 29
Second quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 30th August 2024 Payment date: 15th September 2024 Dividend yield will be 2.8%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to grow by 340% to bring the payout ratio under control. EPS is expected to grow by 76% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Jul 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 99% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (396% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.6% net profit margin). Reported Earnings • Jul 24
Second quarter 2024 earnings released: US$1.64 loss per share (vs US$0.74 profit in 2Q 2023) Second quarter 2024 results: US$1.64 loss per share (down from US$0.74 profit in 2Q 2023). Net loss: US$100.6m (down 323% from profit in 2Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Duyuru • Jul 24
Trustmark Corporation Declares Quarterly Cash Dividend, Payable September 15, 2024 Trustmark Corporation declared a quarterly cash dividend of $0.23 per share payable September 15, 2024, to shareholders of record on September 1, 2024. Duyuru • Jul 02
Trustmark Corporation to Report Q2, 2024 Results on Jul 23, 2024 Trustmark Corporation announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 23, 2024 Upcoming Dividend • May 24
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 15 June 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.3%). Declared Dividend • Apr 29
First quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 31st May 2024 Payment date: 15th June 2024 Dividend yield will be 3.1%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 2.6% over the next year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €27.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 11% over the past three years. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$0.68 (vs US$0.82 in 1Q 2023) First quarter 2024 results: EPS: US$0.68 (down from US$0.82 in 1Q 2023). Revenue: US$184.0m (down 2.1% from 1Q 2023). Net income: US$41.5m (down 17% from 1Q 2023). Profit margin: 23% (down from 27% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • Apr 24
Trustmark Corporation Declares a Quarterly Cash Dividend, Payable on June 15, 2024 The Board of Directors of Trustmark Corporation declared a quarterly cash dividend of $0.23 per share payable June 15, 2024, to shareholders of record on June 1, 2024. Duyuru • Apr 06
Trustmark Corporation to Report Q1, 2024 Results on Apr 23, 2024 Trustmark Corporation announced that they will report Q1, 2024 results After-Market on Apr 23, 2024 Duyuru • Mar 26
Trustmark Reportedly Puts Insurance Broking Unit Up for Sale Trustmark Corporation (NasdaqGS:TRMK) has put up its insurance distribution unit for sale as the string of banking divestitures continues in the U.S., Insurance Insider US's Adam McNestrie and Jairo Ibarra report. Morgan Stanley (MS) will be handling the sell-side mandate, the author said citing sources. Duyuru • Mar 14
Trustmark Corporation, Annual General Meeting, Apr 23, 2024 Trustmark Corporation, Annual General Meeting, Apr 23, 2024, at 13:00 Central Standard Time. Location: Trustmark Corporate Office 248 East Capitol Street Jackson Mississippi United States Agenda: To elect a board of 11 directors to hold office for the ensuing year or until their successors are elected and qualified; to provide advisory approval of Trustmark’s executive compensation; to approve the Trustmark Corporation Stock and Incentive Compensation Plan; to ratify the selection of Crowe LLP as Trustmark’s independent auditor for the fiscal year ending December 31, 2024; and to transact such other business as may properly come before the meeting. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.6%). Declared Dividend • Jan 29
Fourth quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to decline by 7.7% over the next 2 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range. Duyuru • Jan 25
Trustmark Corporation Announced Net Charge Off Result for the Fourth Quarter of Fiscal Year 2023 Trustmark Corporation announced Net charge off result for the Fourth Quarter of Fiscal Year 2023. For the quarter, the company reported Net charge-offs totaled $2.2 million, representing 0.07% of average loans in the fourth quarter. Reported Earnings • Jan 25
Full year 2023 earnings released: EPS: US$2.71 (vs US$1.17 in FY 2022) Full year 2023 results: EPS: US$2.71 (up from US$1.17 in FY 2022). Revenue: US$748.7m (up 11% from FY 2022). Net income: US$165.5m (up 130% from FY 2022). Profit margin: 22% (up from 11% in FY 2022). The increase in margin was primarily driven by higher revenue. Net interest margin (NIM): 3.32% (up from 3.17% in FY 2022). Non-performing loans: 0.77% (up from 0.54% in FY 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • Jan 24
Trustmark Corporation Declares Quarterly Cash Dividend, Payable on March 15, 2024 Trustmark Corporation's Board of Directors declared a quarterly cash dividend of $0.23 per share payable March 15, 2024, to shareholders of record on March 1, 2024. Duyuru • Dec 29
Trustmark Corporation to Report Q4, 2023 Results on Jan 23, 2024 Trustmark Corporation announced that they will report Q4, 2023 results After-Market on Jan 23, 2024 Duyuru • Dec 06
Trustmark Corporation (NasdaqGS:TRMK) announces an Equity Buyback for $50 million worth of its shares. Trustmark Corporation (NasdaqGS:TRMK) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its outstanding shares. The plan will be valid up to December 31, 2024. As of October 31, 2023, the Company had 61,070,437 shares in outstanding. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.23 per share at 4.0% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (6.4%). Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$0.56 (vs US$0.69 in 3Q 2022) Third quarter 2023 results: EPS: US$0.56 (down from US$0.69 in 3Q 2022). Revenue: US$185.7m (up 4.9% from 3Q 2022). Net income: US$34.0m (down 20% from 3Q 2022). Profit margin: 18% (down from 24% in 3Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Duyuru • Sep 30
Trustmark Corporation to Report Q3, 2023 Results on Oct 24, 2023 Trustmark Corporation announced that they will report Q3, 2023 results After-Market on Oct 24, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.23 per share at 3.9% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.1%). Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$0.74 (vs US$0.56 in 2Q 2022) Second quarter 2023 results: EPS: US$0.74 (up from US$0.56 in 2Q 2022). Revenue: US$188.4m (up 14% from 2Q 2022). Net income: US$45.0m (up 31% from 2Q 2022). Profit margin: 24% (up from 21% in 2Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Jun 29
Trustmark Corporation to Report Q2, 2023 Results on Jul 25, 2023 Trustmark Corporation announced that they will report Q2, 2023 results After-Market on Jul 25, 2023 Upcoming Dividend • May 24
Upcoming dividend of US$0.23 per share at 4.2% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.2%). Recent Insider Transactions • May 18
Independent Lead Director recently bought €76k worth of stock On the 15th of May, Richard Puckett bought around 4k shares on-market at roughly €19.09 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €129k more in shares than they have sold in the last 12 months. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Independent Director Augustus Collins was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: US$0.82 (vs US$0.47 in 1Q 2022) First quarter 2023 results: EPS: US$0.82 (up from US$0.47 in 1Q 2022). Revenue: US$191.4m (up 23% from 1Q 2022). Net income: US$50.3m (up 72% from 1Q 2022). Profit margin: 26% (up from 19% in 1Q 2022). Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.23 per share at 3.1% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%). Reported Earnings • Jan 26
Full year 2022 earnings released: EPS: US$1.17 (vs US$2.35 in FY 2021) Full year 2022 results: EPS: US$1.17 (down from US$2.35 in FY 2021). Revenue: US$689.3m (up 3.7% from FY 2021). Net income: US$71.9m (down 51% from FY 2021). Profit margin: 10% (down from 22% in FY 2021). Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • Jan 25
Trustmark Corporation Declares Quarterly Cash Dividend, Payable March 15, 2023 Trustmark Corporation declared a quarterly cash dividend of $0.23 per share payable March 15, 2023, to shareholders of record on March 1, 2023. Duyuru • Jan 06
Trustmark Corporation to Report Q4, 2022 Results on Jan 24, 2023 Trustmark Corporation announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Jan 24, 2023 Duyuru • Dec 07
Trustmark Corporation (NasdaqGS:TRMK) announces an Equity Buyback for $50 million worth of its shares. Trustmark Corporation (NasdaqGS:TRMK) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its outstanding shares. The plan will be valid up to December 31, 2023. As of October 31, 2022, the Company had 60,953,864 shares in outstanding. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.3%). Duyuru • Oct 28
Trustmark Corporation Announces Income Guidance for 2022 Trustmark Corporation announced income guidance for 2022. For the year the company expecting net interest income to grow in the high teens for the year based on current market and implied forward interest rates. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.69 (vs US$0.34 in 3Q 2021) Third quarter 2022 results: EPS: US$0.69 (up from US$0.34 in 3Q 2021). Revenue: US$180.1m (up 16% from 3Q 2021). Net income: US$42.5m (up 100% from 3Q 2021). Profit margin: 24% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Duyuru • Sep 30
Trustmark Corporation to Report Q3, 2022 Results on Oct 25, 2022 Trustmark Corporation announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 25, 2022 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.5%). Duyuru • Jul 28
Trustmark Corporation Declares Quarterly Cash Dividend, Payable on September 15, 2022 Trustmark Corporation's Board of Directors declared a quarterly cash dividend of $0.23 per share payable September 15, 2022, to shareholders of record on September 1, 2022. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$0.56 (vs US$0.76 in 2Q 2021) Second quarter 2022 results: EPS: US$0.56 (down from US$0.76 in 2Q 2021). Revenue: US$167.7m (down 4.3% from 2Q 2021). Net income: US$34.3m (down 28% from 2Q 2021). Profit margin: 20% (down from 27% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 8.8%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Duyuru • Jul 07
Trustmark Corporation to Report Q2, 2022 Results on Jul 26, 2022 Trustmark Corporation announced that they will report Q2, 2022 results After-Market on Jul 26, 2022 Upcoming Dividend • May 24
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.4%). Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.47 (vs US$0.82 in 1Q 2021) First quarter 2022 results: EPS: US$0.47 (down from US$0.82 in 1Q 2021). Revenue: US$158.4m (down 13% from 1Q 2021). Net income: US$29.2m (down 44% from 1Q 2021). Profit margin: 18% (down from 28% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 3.7%, compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Apr 27
Trustmark Corporation Declares Quarterly Cash Dividend, Payable on June 15, 2022 Trustmark’s Board of Directors declared a quarterly cash dividend of $0.23 per share payable June 15, 2022, to shareholders of record on June 1, 2022. Duyuru • Apr 01
Trustmark Corporation to Report Q1, 2022 Results on Apr 26, 2022 Trustmark Corporation announced that they will report Q1, 2022 results After-Market on Apr 26, 2022 Upcoming Dividend • Feb 21
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 28 February 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.5%). Reported Earnings • Jan 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.35 (down from US$2.52 in FY 2020). Revenue: US$676.4m (up 1.7% from FY 2020). Net income: US$147.4m (down 7.9% from FY 2020). Profit margin: 22% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 6.8% compared to a 11% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 08
Trustmark Corporation (NasdaqGS:TRMK) announces an Equity Buyback for $100 million worth of its shares. Trustmark Corporation (NasdaqGS:TRMK) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its outstanding shares. The plan will be valid up to December 31, 2022. As of October 29, 2021, the Company had 62,450,372 shares in outstanding. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 30 November 2021. Payment date: 15 December 2021. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.1%). In line with average of industry peers (3.0%). Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS US$0.34 (vs US$0.86 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$158.9m (down 11% from 3Q 2020). Net income: US$21.2m (down 61% from 3Q 2020). Profit margin: 13% (down from 31% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 15 September 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.1%). In line with average of industry peers (3.2%). Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$0.76 (vs US$0.51 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$178.3m (up 14% from 2Q 2020). Net income: US$48.0m (up 49% from 2Q 2020). Profit margin: 27% (up from 21% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 05
Insider recently sold €165k worth of stock On the 2nd of June, Wayne Stevens sold around 6k shares on-market at roughly €27.50 per share. In the last 3 months, there was an even bigger sale from another insider worth €573k. Insiders have been net sellers, collectively disposing of €833k more than they bought in the last 12 months. Upcoming Dividend • May 21
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 15 June 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.7%). Executive Departure • May 06
Director has left the company On the 28th of April, Harry Walker's tenure as Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Harry's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS US$0.82 (vs US$0.35 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$176.3m (up 19% from 1Q 2020). Net income: US$52.0m (up 134% from 1Q 2020). Profit margin: 30% (up from 15% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 29
Trustmark Corporation Declares Quarterly Cash Dividend Payable on June 15, 2021 Trustmark’s Board of Directors declared a quarterly cash dividend of $0.23 per share payable on June 15, 2021, to shareholders of record on June 1, 2021. Duyuru • Mar 16
Trustmark Corporation, Annual General Meeting, Apr 27, 2021 Trustmark Corporation, Annual General Meeting, Apr 27, 2021, at 13:00 Central Standard Time. Agenda: To elect a board of 12 directors to hold office for the ensuing year or until their successors are elected and qualified; to provide advisory approval of Trustmark’s executive compensation; to ratify the selection of Crowe LLP as Trustmark’s independent auditor for the fiscal year ending December 31, 2021; to transact such other business as may properly come before the meeting. Recent Insider Transactions • Mar 14
Executive Chairman recently sold €573k worth of stock On the 9th of March, Gerard Host sold around 20k shares on-market at roughly €28.66 per share. This was the largest sale by an insider in the last 3 months. This was Gerard's only on-market trade for the last 12 months. Executive Departure • Mar 04
Treasurer, Principal Financial Officer & Principal Accounting Officer has left the company On the 1st of March, Louis Greer's tenure as Treasurer, Principal Financial Officer & Principal Accounting Officer ended after 14.1 years in the role. We don't have any record of a personal shareholding under Louis' name. A total of 4 executives have left over the last 12 months. Is New 90 Day High Low • Feb 25
New 90-day high: €26.00 The company is up 18% from its price of €22.00 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.17 per share. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS US$2.52 (vs US$2.33 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$665.0m (up 10% from FY 2019). Net income: US$160.0m (up 6.4% from FY 2019). Profit margin: 24% (in line with FY 2019). Net interest margin (NIM): 3.19% (down from 3.62% in FY 2019). Non-performing loans: 0.60% (up from 0.57% in FY 2019). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to stay flat compared to a 26% growth forecast for the Banks industry in Germany.