Trustmark Corp. (TRMK)
NASDAQ:TRMK
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Trustmark
(NASDAQ:TRMK)
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Rating:65Neutral
Price Target:
$45.00
▲(0.20% Upside)
Action:ReiteratedDate:03/31/26
TRMK scores as a moderate opportunity: fundamentals are steady with improving leverage and respectable profitability, and the latest guidance/capital return plan is supportive. Offsetting this are inconsistent top-line and cash-flow trends and currently mixed/soft technical momentum, which keep the overall score in the mid-range despite an attractive valuation.
Positive Factors
Stable profitability / ROE
Trustmark’s sustained mid-teens to low-double-digit profitability metrics and record 2025 net income indicate durable earnings power. Consistent ROE near 10–11% supports internal capital generation, funds dividends and buybacks, and provides a financial buffer to invest in core businesses over the medium term.
Negative Factors
Revenue volatility
Top-line instability undermines confidence in sustainable earnings growth: recurring revenue declines can erode scale benefits and margin stability, constrain reinvestment in growth initiatives, and make results more dependent on cost cuts or one-time items rather than durable business expansion over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable profitability / ROE
Trustmark’s sustained mid-teens to low-double-digit profitability metrics and record 2025 net income indicate durable earnings power. Consistent ROE near 10–11% supports internal capital generation, funds dividends and buybacks, and provides a financial buffer to invest in core businesses over the medium term.
Read all positive factors
Trustmark (TRMK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.64B
Dividend Yield2.38%
Average Volume (3M)266.78K
Price to Earnings (P/E)10.5
Beta (1Y)0.90
Revenue Growth17.95%
EPS GrowthN/A
CountryUS
Employees2,506
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.97
Shares Outstanding58,871,880
10 Day Avg. Volume331,691
30 Day Avg. Volume266,784
Financial Highlights & Ratios
PEG Ratio5.46
Price to Book (P/B)1.11
Price to Sales (P/S)2.10
P/FCF Ratio10.13
Enterprise Value/Market Cap1.17
Enterprise Value/Revenue2.67
Enterprise Value/Gross Profit4.12
Enterprise Value/Ebitda9.57
Forecast
1Y Price Target
$44.50Price Target Upside-0.91% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)3.81
Revenue Forecast (FY)$848.00M
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:...
How the Company Makes Money
Trustmark primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is earned from the spread between interest and fees received on interest-earning assets (such as commercial and consumer loans and secu...
Trustmark Earnings Call Summary
Earnings Call Date:Jan 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Positive
The call emphasized a strong 2025 with record revenue and net income, solid balance sheet growth, improving credit metrics, and continued investment in talent and wealth/mortgage businesses. While there are manageable near-term headwinds — quarter-to-quarter deposit volatility (public funds), modest expense growth, and a one-time NIM impact — guidance for 2026 is constructive (mid-single digit growth across loans, deposits, NII, noninterest income and expense) and capital management is balanced between buybacks, dividends and optional M&A. Highlights materially outweigh the lowlights.Positive Updates
Record Full-Year Net Income and EPS
Trustmark reported record 2025 net income of $224.1 million and diluted EPS of $3.70. Q4 net income was $57.9 million with diluted EPS of $0.97, up 3.2% linked-quarter and 5.4% year-over-year.
Negative Updates
Quarterly Deposit Decline and Public Funds Volatility
Deposits declined $131 million (0.8%) linked-quarter in Q4, driven primarily by a $219 million decrease in public fund deposits, highlighting some short-term funding volatility.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Net Income and EPS
Trustmark reported record 2025 net income of $224.1 million and diluted EPS of $3.70. Q4 net income was $57.9 million with diluted EPS of $0.97, up 3.2% linked-quarter and 5.4% year-over-year.
Read all positive updates
Company Guidance
Trustmark’s 2026 guidance calls for loans held for investment and deposits (excluding brokered) to each grow mid-single digits, securities balances to remain stable as cash flows are reinvested, net interest margin to run about 3.80%–3.85% (Q4 NIM was 3.81%, adjusted 3.83%), net interest income to increase mid-single digits, noninterest income and noninterest expense each to rise mid-single digits, and total provision for credit losses to “normalize” (management cited a provisioning range of roughly 14–18 bps of average loans with net charge-offs around 13–15 bps). Additional metrics and capital priorities: Q4 cost of total deposits was 1.72% with Q1 expected near 1.61% (Jan month-to-date ~1.63%), year-end allowance for credit losses was 1.15% of loans held for investment, CET1 was 11.72% (total risk-based 14.41%) with expectations to finish 2026 slightly above 12% absent large buybacks, a $100M 2026 repurchase authorization is in place (management indicated a likely $60–70M buyback range to balance capital), tangible book value per share was $30.28, and the quarterly dividend was raised 4.2% to $0.25 ($1.00 annual).Trustmark Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.12B | 831.37M | 916.33M | 583.32M | 567.82M |
| Gross Profit | 794.92M | 414.20M | 565.80M | 513.31M | 568.11M |
| EBITDA | 325.73M | 72.12M | 216.79M | 98.99M | 221.23M |
| Net Income | 224.13M | 223.01M | 165.49M | 71.89M | 147.37M |
Balance Sheet | |||||
| Total Assets | 18.93B | 18.15B | 18.72B | 18.02B | 17.60B |
| Cash, Cash Equivalents and Short-Term Investments | 2.54B | 2.26B | 2.74B | 2.76B | 5.51B |
| Total Debt | 1.12B | 849.80M | 1.11B | 1.72B | 550.97M |
| Total Liabilities | 16.80B | 16.19B | 17.06B | 16.52B | 15.85B |
| Stockholders Equity | 2.12B | 1.96B | 1.66B | 1.49B | 1.74B |
Cash Flow | |||||
| Free Cash Flow | 231.95M | 88.34M | 148.23M | 262.50M | 317.57M |
| Operating Cash Flow | 243.90M | 116.93M | 196.89M | 296.52M | 348.77M |
| Investing Cash Flow | -586.20M | 284.59M | -411.17M | -2.28B | -1.01B |
| Financing Cash Flow | 443.05M | -809.62M | 455.04M | 451.84M | 970.57M |
Trustmark Technical Analysis
Positive
44.91
Price Trends
42.77
Positive
41.16
Positive
39.63
Positive
Market Momentum
0.50
Negative
73.19
Negative
91.32
Negative
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 44.91 is above the 20-day moving average (MA) of 42.12, above the 50-day MA of 42.77, and above the 200-day MA of 39.63, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 73.19 is Negative, neither overbought nor oversold. The STOCH value of 91.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TRMK.
Trustmark Risk Analysis
Trustmark disclosed 30 risk factors in its most recent earnings report. Trustmark reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Trustmark's ability to declare and pay dividends is subject to restriction by various laws and regulations and other factors. Q4, 2025
Trustmark Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $3.07B | 9.29 | 9.77% | 3.79% | 5.15% | 16.42% | |
76 Outperform | $2.60B | 9.57 | 9.46% | 3.72% | -1.76% | 32.44% | |
70 Outperform | $2.43B | 18.91 | 7.03% | 1.69% | -5.72% | -3.86% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $2.53B | 11.16 | 11.25% | ― | -0.37% | -20.30% | |
65 Neutral | $2.64B | 10.48 | 10.98% | 2.38% | 17.95% | ― | |
65 Neutral | $2.47B | 9.60 | 8.02% | 3.27% | -1.58% | 6.34% |
* Financial Sector Average
TRMK
Trustmark
44.91
14.45
47.45%
FBNC
First Bancorp
58.63
23.27
65.79%
FFBC
First Financial Bancorp
29.39
8.17
38.53%
FRME
First Merchants
41.07
8.20
24.94%
WAFD
Washington Federal
32.54
8.85
37.35%
CUBI
Customers Bancorp
73.99
30.19
68.93%
Trustmark Corporate Events
Business Operations and StrategyExecutive/Board Changes
Trustmark Revamps Executive Leadership with New COO, CFO
Positive
Mar 30, 2026
On March 30, 2026, Trustmark announced that long-serving finance executive Thomas C. Owens will become Chief Operating Officer of Trustmark Bank effective May 1, 2026, moving from his current roles as Treasurer and Principal Financial Officer of T...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.