Trustmark (TRMK) AI Stock Analysis

• Market Cap: $2.30B
• Dividend Yield: 2.53%
• Average Volume (3M): 301.63K
• Price to Earnings (P/E): 355.3
• Beta (1Y): 1.12
• Revenue Growth: -17.96%
• EPS Growth: -95.37%
• Country: US
• Employees: 2,506
• Sector: Financial
• Sector Strength: 75
• Industry: Banks - Regional
• EPS (TTM): 0.88
• Shares Outstanding: 60,477,580
• 10 Day Avg. Volume: 222,953
• 30 Day Avg. Volume: 301,626
• PEG Ratio: -0.59
• Price to Book (P/B): 1.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.14
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 0.70
• Enterprise Value/Gross Profit: 3.11
• Enterprise Value/Ebitda: 13.89
• 1Y Price Target: $42.33
• Price Target Upside: 10.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 70 Neutral
• Price Target: $38.00 ▼(-0.78%Downside)

Trustmark's solid financial performance and improved regulatory standing are key strengths. However, overvaluation concerns and neutral technical indicators moderate the overall score. The company's effective cash flow management and strategic expense reductions provide a foundation for future growth despite market competition and economic uncertainties.

Trustmark Business Overview & Revenue Model

Company Description

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. The company also provides mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing. In addition, it provides wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management services. Further, the company offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers. As of December 31, 2021, it operated 167 full-service branches and 13 limited service branches; and 198 automated teller machines and 69 interactive teller machines. The company was founded in 1889 and is headquartered in Jackson, Mississippi.

How the Company Makes Money

Trustmark generates revenue through multiple streams within its diversified financial services model. The primary source of income is interest income from loans and advances to customers, including commercial, consumer, and real estate loans. Additionally, Trustmark earns non-interest income through service charges on deposit accounts, trust and investment management fees, and mortgage banking revenue. The company also benefits from insurance commissions and fees, which contribute to its earnings. Trustmark's strategic partnerships and regional focus enable it to leverage local market knowledge, enhancing its ability to cross-sell and deepen customer relationships, thereby boosting revenue.

Trustmark Financial Statement Overview

Summary

Trustmark's financial statements show strong revenue growth and low leverage, indicating a solid financial foundation. However, operational challenges such as negative EBIT and declining cash flow generation need to be addressed to sustain growth.

Income Statement

Trustmark's income statement shows strong revenue growth over the years, with the most recent period seeing a 32.27% increase from the previous year. However, the company reported a negative EBIT in the latest annual data, indicating operational challenges. The gross profit margin is healthy at 100%, typical for the banking industry where gross profit equals total revenue. Net profit margin has improved to 22.92%, suggesting efficient cost management, but the negative EBIT is a concern.

Balance Sheet

The balance sheet reflects a stable financial structure with a debt-to-equity ratio of 0.22, indicating low leverage and financial stability. The company's equity ratio of 10.81% signifies a moderate reliance on equity financing. Return on Equity (ROE) is strong at 11.36%, though slightly lower than the previous year, showing effective use of equity to generate profits. Overall, the balance sheet suggests a well-managed capital structure with room for growth.

Cash Flow

Cash flow analysis reveals a decrease in free cash flow from the previous year, with a negative growth rate of -40.41%. The operating cash flow to net income ratio is 0.52, indicating moderate cash conversion efficiency. The free cash flow to net income ratio is 0.40, which is adequate but shows room for improvement in generating cash from operations. The company needs to focus on improving cash flow generation to support ongoing operations and investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	769.20M	831.37M	735.25M	536.20M	543.66M	468.33M
Gross Profit	659.67M	455.46M	565.80M	536.20M	543.66M	468.33M
EBITDA	79.33M	72.12M	0.00	98.99M	159.98M	0.00
Net Income	235.11M	223.01M	165.49M	71.89M	147.37M	160.03M
Balance Sheet
Total Assets	13.50B	18.23B	18.72B	18.02B	17.60B	16.55B
Cash, Cash Equivalents and Short-Term Investments	1.96B	2.26B	2.74B	2.76B	5.51B	3.94B
Total Debt	435.63M	849.80M	628.83M	1.20B	227.93M	244.16M
Total Liabilities	11.84B	16.19B	17.06B	16.52B	15.85B	14.81B
Stockholders Equity	1.66B	1.96B	1.66B	1.49B	1.74B	1.74B
Cash Flow
Free Cash Flow	232.12M	88.34M	148.23M	262.50M	317.57M	34.52M
Operating Cash Flow	255.41M	116.93M	196.89M	296.52M	348.77M	65.35M
Investing Cash Flow	194.75M	284.59M	-411.17M	-2.28B	-1.01B	-1.22B
Financing Cash Flow	-468.86M	-809.62M	455.04M	451.84M	970.57M	2.75B

Trustmark Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 38.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRMK, the sentiment is Positive. The current price of 38.3 is above the 20-day moving average (MA) of 36.88, above the 50-day MA of 35.66, and above the 200-day MA of 35.07, indicating a bullish trend. The MACD of 0.93 indicates Negative momentum. The RSI at 60.61 is Neutral, neither overbought nor oversold. The STOCH value of 64.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TRMK.

Trustmark Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NBTB	76 Outperform	$2.26B	14.47	9.55%	3.15%	12.11%	16.58%
FBK	74 Outperform	$2.59B	25.61	5.81%	1.58%	-5.60%	-22.11%
SYBT	72 Outperform	$2.29B	18.98	13.18%	1.59%	14.30%	16.24%
HTH	71 Outperform	$1.94B	15.37	5.89%	2.35%	2.60%	14.96%
PPBI	70 Outperform	$2.10B	14.44	4.94%	6.10%	23.09%	1086.91%
TRMK	70 Neutral	$2.30B	355.29	3.28%	2.53%	-17.96%	-95.37%
Sector *	68 Neutral	$16.73B	11.75	9.79%	3.76%	11.87%	-7.97%

Trustmark Corporate Events

Trustmark’s Consent Order Terminated by U.S. Court

On May 21, 2025, the United States District Court for the Western District of Tennessee terminated the Consent Order between Trustmark National Bank and the U.S. Department of Justice and the Consumer Financial Protection Bureau. This order, initially set to expire in October 2026, was dismissed early due to the bank’s substantial compliance and commitment to addressing the issues that led to the order.

The most recent analyst rating on (TRMK) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Trustmark stock, see the TRMK Stock Forecast page.