Financial Ratios Trustmark Corporation

Equities

TRMK

US8984021027

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-24 pm EST			5-day change	1st Jan Change
35.69 ^USD	+1.91%		+1.22%	+0.90%

Jan. 24	Janney Initiates Trustmark at Buy With $42 Price Target	MT
Dec. 03	Trustmark Corporation announces an Equity Buyback for $100 million worth of its shares.	CI

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Published financial data: TRUSTMARK CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	449M	417M	400M	474M	775M
Interest Income On Investments	61.96M	50.89M	42.01M	68.2M	104M
Interest Income, Total	510M	468M	443M	542M	879M
Interest On Deposits	79.17M	37.49M	16.94M	29.07M	246M
Total Interest On Borrowings	4.73M	4.31M	7.22M	18.06M	80M
Interest Expense, Total	83.9M	41.8M	24.16M	47.12M	326M
Net Interest Income	427M	427M	418M	495M	553M
Service Charges On Deposits	42.6M	32.29M	33.25M	42.16M	43.42M
Trust Income	30.68M	31.62M	35.19M	35.01M	35.09M
Total Mortgage Banking Activities	29.82M	126M	63.75M	28.31M	26.22M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-7.64M	-5.7M	-8.01M	-6.21M	-7.95M
Total Other Non Interest Income	91.58M	90.56M	97.74M	106M	110M
Non Interest Income, Total	187M	275M	222M	205M	207M
Revenues Before Provison For Loan Losses	614M	701M	640M	700M	760M
Provision For Loan Losses	10.84M	36.11M	-24.45M	22.89M	24.58M
Total Revenues	603M	665M	665M	677M	735M
Salaries And Other Employee Benefits	243M	263M	273M	283M	299M
Occupancy Expense	26.15M	26.49M	27.04M	29.26M	29.48M
Federal Deposit Insurance	6.44M	-	-	-	-
Selling General & Admin Expenses, Total	28.52M	28.47M	29.94M	29.33M	32.3M
(Income) Loss on Real Estate Property	3.91M	1.96M	3.53M	-	-
Total Other Non Interest Expense	121M	149M	145M	161M	171M
Non Interest Expense, Total	429M	469M	478M	502M	531M
EBT, Excl. Unusual Items	174M	196M	186M	175M	204M
Restructuring Charges	-	-4.4M	-5.7M	-	-
Total Merger & Related Restructuring Charges	-	-	-	-	-
Asset Writedown	-	-1.7M	-140K	-400K	-470K
Legal Settlements	-	-	-	-101M	-6.5M
Other Unusual Items	-	-	-5M	-	-
EBT, Incl. Unusual Items	174M	190M	175M	73.75M	197M
Income Tax Expense	23.33M	29.76M	28.05M	1.86M	31.85M
Earnings From Continuing Operations	150M	160M	147M	71.89M	165M
Net Income to Company	150M	160M	147M	71.89M	165M
Net Income - (IS)	150M	160M	147M	71.89M	165M
Net Income to Common Incl Extra Items	150M	160M	147M	71.89M	165M
Net Income to Common Excl. Extra Items	150M	160M	147M	71.89M	165M
Per Share Items
Net EPS - Basic	2.33	2.52	2.35	1.17	2.71
Basic EPS - Continuing Operations	2.33	2.52	2.35	1.17	2.71
Basic Weighted Average Shares Outstanding	64.63M	63.5M	62.79M	61.24M	61.05M
Net EPS - Diluted	2.32	2.51	2.34	1.17	2.7
Diluted EPS - Continuing Operations	2.32	2.51	2.34	1.17	2.7
Diluted Weighted Average Shares Outstanding	64.77M	63.65M	62.97M	61.43M	61.23M
Normalized Basic EPS	1.68	1.93	1.85	1.78	2.09
Normalized Diluted EPS	1.68	1.92	1.85	1.78	2.09
Dividend Per Share	0.92	0.92	0.92	0.92	0.92
Payout Ratio	39.75	36.72	39.42	78.84	34.23
Supplemental Items
Effective Tax Rate - (Ratio)	13.43	15.68	15.99	2.52	16.14
Current Domestic Taxes	27.21M	49.56M	7.93M	18.66M	36.65M
Total Current Taxes	27.21M	49.56M	7.93M	18.66M	36.65M
Deferred Domestic Taxes	-3.88M	-19.8M	20.12M	-16.8M	-4.8M
Total Deferred Taxes	-3.88M	-19.8M	20.12M	-16.8M	-4.8M
Normalized Net Income	109M	122M	116M	109M	128M
Non-Cash Pension Expense	3.76M	3.22M	3.25M	2.67M	2.62M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	4.79M	5.2M	5.6M	4.88M	6.16M
Total Stock-Based Compensation	4.79M	5.2M	5.6M	4.88M	6.16M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	237M	1.93B	2.27B	739M	976M
Investment Securities, Total	83.35M	50.46M	371M	437M	408M
Trading Asset Securities, Total	17.96M	47.77M	24.81M	8.87M	23.32M
Mortgage Backed Securities	2.26B	2.48B	3.21B	3.08B	2.78B
Total investments	2.36B	2.58B	3.61B	3.53B	3.21B
Gross Loans	9.41B	10.43B	10.28B	12.2B	12.95B
Allowance For Loan Losses	-85.09M	-117M	-99.46M	-120M	-139M
Net Loans	9.32B	10.32B	10.18B	12.08B	12.81B
Gross Property Plant And Equipment	478M	488M	508M	531M	558M
Accumulated Depreciation	-257M	-263M	-271M	-282M	-289M
Net Property Plant And Equipment	221M	225M	237M	249M	269M
Goodwill	380M	385M	384M	384M	384M
Other Intangibles, Total	7.34M	7.39M	5.07M	3.64M	2.96M
Loans Held For Sale	226M	447M	276M	135M	185M
Accrued Interest Receivable	-	38.2M	32.47M	57.4M	77.3M
Restricted Cash	122M	19M	-	-	-
Deferred Tax Assets Long-Term (Collected)	31.66M	50.61M	40.76M	138M	125M
Other Real Estate Owned And Foreclosed	29.25M	11.65M	4.56M	1.99M	6.87M
Other Long-Term Assets, Total	562M	539M	562M	696M	673M
Total Assets	13.5B	16.55B	17.6B	18.02B	18.72B
Liabilities
Interest Bearing Deposits	8.07B	9.47B	10.15B	10.1B	11.55B
Institutional Deposits	286M	228M	164M	247M	822M
Non-Interest Bearing Deposits	2.89B	4.35B	4.77B	4.09B	3.2B
Total Deposits	11.25B	14.05B	15.09B	14.44B	15.57B
Short-Term Borrowings	337M	330M	328M	1.54B	920M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	5.58M	5.08M	6.53M	5.9M	5.62M
Long-Term Debt	-	123M	123M	123M	123M
Federal Home Loan Bank Debt - Long-Term	811K	116K	97K	78K	58K
Long-Term Leases	36.3M	35.02M	36.4M	38.09M	40.29M
Trust Preferred Securities (BS)	61.86M	61.86M	61.86M	61.86M	61.86M
Other Non Current Liabilities	150M	207M	212M	316M	339M
Total Liabilities	11.84B	14.81B	15.85B	16.52B	17.06B
Common Stock, Total	13.38M	13.22M	12.84M	12.7M	12.72M
Additional Paid In Capital	256M	233M	176M	155M	160M
Retained Earnings	1.41B	1.5B	1.59B	1.6B	1.71B
Comprehensive Income and Other	-23.6M	-1.05M	-32.56M	-275M	-220M
Total Common Equity	1.66B	1.74B	1.74B	1.49B	1.66B
Total Equity	1.66B	1.74B	1.74B	1.49B	1.66B
Total Liabilities And Equity	13.5B	16.55B	17.6B	18.02B	18.72B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	63.84M	63.41M	61.49M	60.98M	61.08M
ECS Total Common Shares Outstanding	64.2M	63.42M	61.65M	60.98M	61.07M
Book Value / Share	25.87	27.45	28.25	24.47	27.21
Tangible Book Value	1.27B	1.35B	1.35B	1.1B	1.27B
Tangible Book Value Per Share	19.84	21.26	21.93	18.11	20.87
Tangible Book Value Per Share (As Reported)	19.84	21.26	21.93	18.11	20.87
Average Assets	13.5B	15.22B	17.06B	17.48B	18.67B
Average Loans	9.39B	10.64B	10.73B	11.25B	12.8B
Total Debt	442M	555M	556M	1.77B	1.15B
Federal Funds Sold	-	50K	-	4M	-
Debt Equivalent of Unfunded Proj. Benefit Obligation	63.1M	66.32M	60.78M	47.2M	45.14M
Net Debt	187M	-1.43B	-1.74B	1.02B	153M
Full Time Employees	2.84K	2.8K	2.69K	2.74K	2.76K
Number Of Offices	193	183	180	169	163

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	150M	160M	147M	71.89M	165M
Depreciation, Depletion & Amortization	35.3M	38.27M	43.5M	38.45M	35.08M
Amortization of Goodwill and Intangible Assets - (CF)	4.12M	3.05M	2.32M	1.43M	675K
Total Depreciation, Depletion & Amortization	39.42M	41.32M	45.81M	39.88M	35.76M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-27.3M	-94.99M	-70.95M	-24.91M	-13.6M
(Gain) Loss on Sale of Investments - (CF)	7.79M	13.25M	20.31M	11.21M	6.1M
Provision for Credit Losses	10.84M	45.05M	-24.45M	22.89M	24.58M
Stock-Based Compensation (CF)	4.79M	5.2M	5.6M	4.88M	6.16M
Net (Increase) Decrease in Loans Originated / Sold - Operating	-49.75M	-41.52M	186M	152M	-27.95M
Change in Other Net Operating Assets (Collected)	-17.45M	-35.98M	62.04M	116M	22.92M
Other Operating Activities	-2.34M	-27M	-22.46M	-96.88M	-22.56M
Cash from Operations	116M	65.35M	349M	297M	197M
Capital Expenditure	-17.33M	-22.58M	-27.36M	-26.62M	-40.08M
Sale of Property, Plant, and Equipment	3.25M	2.8M	961K	5.11M	1.86M
Cash Acquisitions	-347K	-7.93M	-	-	-
Purchase / Sale of Intangible Assets	-13.41M	-8.25M	-3.84M	-7.39M	-8.58M
Sale (Purchase) of Real Estate Properties (Collected)	11.18M	17.34M	5.06M	3.14M	2.41M
Investment in Marketable and Equity Securities, Total	417M	-175M	-1.14B	-286M	373M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-480M	-1.03B	155M	-1.93B	-762M
Other Investing Activities, Total	5.23M	3.5M	602K	-43.04M	21.78M
Cash from Investing	-74.24M	-1.22B	-1.01B	-2.28B	-411M
Short Term Debt Issued, Total	206M	517K	74.06M	211M	-
Long-Term Debt Issued, Total	-	123M	-	975M	-
Total Debt Issued	206M	123M	74.06M	1.19B	-
Short Term Debt Repaid, Total	-	-91.5M	-	-	-43.59M
Long-Term Debt Repaid, Total	-2.03M	-1.76M	-20.62M	-1.41M	-576M
Total Debt Repaid	-2.03M	-93.26M	-20.62M	-1.41M	-619M
Repurchase of Common Stock	-58.27M	-28.64M	-63.18M	-26.29M	-1.09M
Common Dividends Paid	-59.8M	-58.77M	-58.08M	-56.68M	-56.65M
Common & Preferred Stock Dividends Paid	-59.8M	-58.77M	-58.08M	-56.68M	-56.65M
Net Increase (Decrease) in Deposit Accounts - (CF)	-119M	2.8B	1.04B	-650M	1.13B
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-32.85M	2.75B	971M	452M	455M
Net Change in Cash	9.36M	1.59B	314M	-1.53B	241M
Supplemental Items
Cash Interest Paid	84M	42.97M	24.43M	45.28M	307M
Cash Income Tax Paid (Refund)	24.81M	46.65M	15.26M	2.7M	38.8M
Net Debt Issued / Repaid	204M	30.16M	53.44M	1.18B	-619M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.12	1.06	0.86	0.4	0.9
Return On Equity %	9.25	9.41	8.46	4.45	10.49
Return on Common Equity	9.25	9.41	8.46	4.45	10.49
Shareholders Value Added	-40.55M	-38.28M	-55.7M	-121M	-23.08M
Margin Analysis
SG&A Margin	49.37	47.78	49.63	50.39	49
Net Interest Income / Total Revenues %	70.77	64.14	62.94	73.08	75.2
EBT Excl. Non-Recurring Items Margin %	28.83	29.46	28.02	25.84	27.79
Income From Continuing Operations Margin %	24.96	24.06	22.17	10.62	22.51
Net Income Margin %	24.96	24.06	22.17	10.62	22.51
Net Avail. For Common Margin %	24.96	24.06	22.17	10.62	22.51
Normalized Net Income Margin	18.02	18.41	17.51	16.15	17.37
Asset quality
Nonperforming Loans / Total Loans %	0.57	0.6	0.61	0.54	0.77
Nonperforming Loans / Total Assets %	0.39	0.38	0.36	0.37	0.53
Nonperforming Assets / Total Assets %	0.61	0.45	0.38	0.38	0.57
NPAs / Loans and OREO	0.87	0.72	0.65	0.56	0.82
NPAs / Equity	4.97	4.29	3.86	4.55	6.43
Allowance for Credit Losses / Net Charge-offs %	1.36K	6.28K	-2.72K	13.07K	1.7K
Allowance for Credit Losses / Nonperforming Loans %	159.87	185.82	158.63	182.22	139.36
Allowance for Credit Losses / Total Loans %	0.9	1.12	0.97	0.98	1.08
Net Charge-offs / Total Average Loans %	0.07	0.02	-0.03	0.01	0.06
Provision for Loan Losses / Net Charge-offs %	172.93	1.93K	669.81	2.49K	299.44
Earning Assets / IBL	138.79	142.72	148.42	145.76	131.58
Interest Income / Average Assets	3.78	3.08	2.59	3.1	4.71
Interest Expense / Average Assets	0.62	0.27	0.14	0.27	1.75
Net Interest Income / Average Assets	3.16	2.8	2.45	2.83	2.96
Non Interest Income / Average Assets	1.39	1.8	1.3	1.17	1.11
Non Interest Expense / Average Asset	3.18	3.08	2.8	2.87	2.84
Capital And Funding
Total Average Common Equity / Total Average Assets %	12.14	11.32	10.2	9.08	8.59
Total Average Equity / Total Average Assets %	12.14	11.32	10.2	9.08	8.59
Total Equity + Allowance for Loan Losses / Total Loans %	18.56	17.81	17.9	13.21	13.91
Gross Loans / Total Deposits %	83.66	74.27	68.15	84.53	83.18
Net Loans / Total Deposits %	82.9	73.44	67.49	83.7	82.28
Tier 1 Capital Ratio %	12.48	12.11	11.77	10.15	10.44
Total Capital Ratio %	13.25	14.12	13.55	11.91	12.29
Core Tier 1 Capital Ratio	11.93	11.62	11.29	9.74	10.04
Tier 2 Capital Ratio	0.77	2	1.79	1.76	1.85
Equity Tier 1 Capital Ratio	11.58	11.22	10.71	7.61	8.41
Coverage Ratio	206.45	270.23	224.2	298.39	283.95
Leverage Ratio %	10.48	9.33	8.73	8.47	8.62
Interbank Ratio	-	0.03	-	0.89	-
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	37.73	45.02	25.31	5.08	3.47
EBT + Interest Expense / Interest Expense	3.07	5.54	8.26	2.56	1.61
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	1.71	-0.01	-1.92	18.25	11.76
Non Interest Income, 1 Yr. Growth %	1.2	46.81	-19.19	-7.56	0.88
Provision For Loan Losses, 1 Yr. Growth %	-36.2	233.18	-154.27	-193.64	7.38
Total Revenues, 1 Yr. Growth %	2.64	10.32	1.31	1.84	8.61
Earnings From Cont. Operations, 1 Yr. Growth %	0.59	6.36	-7.91	-51.22	130.21
Net Income, 1 Yr. Growth %	0.59	6.36	-7.91	-51.22	130.21
Normalized Net Income, 1 Yr. Growth %	1.03	12.71	-4.92	-6.1	16.82
Diluted EPS Before Extra, 1 Yr. Growth %