Trustmark
TRMKNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $45.40 Prior regular-session close from the quote source.
- $44.86–$45.74 Regular-session low and high so far today.
- 785.4K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $36.41–$49.00 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own TRMK if Trustmark earns durable returns from a regional deposit franchise and disciplined capital allocation that convert stable funding and rising yields into earnings and shareholder returns.
TRMK price history
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Investment thesis
What must happen next
Trustmark’s local deposit market share gives access to lower-cost, sticky funding that supports net interest income and revenue growth even as regional competition increases.StrengtheningMateriality: High
revenue rose from $561,002,000 (FY 2024) to $799,778,000 (FY 2025), showing strong conversion of funding/asset mix into top-line. If deposit funding stays low-cost and stable, NII and revenue are resilient and support earnings and dividends; if deposits become more expensive or flighty, margins and earnings will compress and capital returns will be cut.
Watch: A sustained shift of retail or commercial deposits to national online banks or large regional entrants that offer materially higher rates (deposit beta > ~50%).
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
revenue rose from $561,002,000 (FY 2024) to $799,778,000 (FY 2025), showing strong conversion of funding/asset mix into top-line.
Open source ↗Sustained operating cash generation permits repeatable share repurchases and dividends without breaching regulatory well-capitalized thresholds.StrengtheningMateriality: High
operating_cash_flow increased to $243,902,000 (FY 2025) from $116,929,000 (FY 2024), supporting the $80.0 million repurchase in 2025. If operating cash flow remains strong, management can continue buybacks that amplify EPS and shareholder returns; if cash flow falls, repurchases will be curtailed and EPS per share will stop compounding.
Watch: A sudden rise in loan loss provisions or core deposit outflows that materially reduce operating cash flow.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating_cash_flow increased to $243,902,000 (FY 2025) from $116,929,000 (FY 2024), supporting the $80.0 million repurchase in 2025.
Open source ↗Trustmark’s earnings are materially driven by net interest margin sensitivity to rates and loan growth; favorable rate/backbook mix converts into higher net_income.StrengtheningMateriality: Medium
net_income increased to $224,135,000 (FY 2025) from $165,489,000 (FY 2023), consistent with margin/volume tailwinds. If asset yields rise or reprice faster than funding costs and loan volumes grow, net income will expand and justify the valuation; if funding costs outpace asset repricing or loan volumes decline, net income will fall.
Watch: A rapid repricing of deposits driven by regional rate competition or large brokered-deposit outflows.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
net_income increased to $224,135,000 (FY 2025) from $165,489,000 (FY 2023), consistent with margin/volume tailwinds.
Open source ↗Disciplined buybacks plus organic earnings growth drive EPS compounding — management can sustainably boost eps_diluted if capital returns and earnings both continue.StrengtheningMateriality: Medium
eps_diluted rose from $1.17 (FY 2022) to $3.70 (FY 2025), consistent with earnings growth plus significant repurchases ($80M repurchased in 2025). EPS growth from buybacks creates shareholder value even with modest revenue growth; if buybacks stop or earnings stall, EPS will not compound and the valuation multiple will weaken.
Watch: Regulators restrict TB's dividends to the holding company or impose capital requirements that reduce repurchase capacity.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
eps_diluted rose from $1.17 (FY 2022) to $3.70 (FY 2025), consistent with earnings growth plus significant repurchases ($80M repurchased in.
Open source ↗
Full investment case & evidence
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Original research
Trustmark’s local deposit market share gives access to lower-cost, sticky funding that supports net interest income and revenue growth even as regional competition increases. If deposit funding stays low-cost and stable, NII and revenue are resilient and support earnings and dividends; if deposits become more expensive or flighty, margins and earnings will compress and capital returns will be cut.
Sustained operating cash generation permits repeatable share repurchases and dividends without breaching regulatory well-capitalized thresholds. If operating cash flow remains strong, management can continue buybacks that amplify EPS and shareholder returns; if cash flow falls, repurchases will be curtailed and EPS per share will stop compounding.
Trustmark’s earnings are materially driven by net interest margin sensitivity to rates and loan growth; favorable rate/backbook mix converts into higher net_income. If asset yields rise or reprice faster than funding costs and loan volumes grow, net income will expand and justify the valuation; if funding costs outpace asset repricing or loan volumes decline, net income will fall.
Disciplined buybacks plus organic earnings growth drive EPS compounding — management can sustainably boost eps_diluted if capital returns and earnings both continue. EPS growth from buybacks creates shareholder value even with modest revenue growth; if buybacks stop or earnings stall, EPS will not compound and the valuation multiple will weaken.
All standing thesis claims
Original report summary
Trustmark earns durable returns from a regional deposit franchise and disciplined capital allocation that convert stable funding and rising yields into earnings and shareholder returns.
Bull case and bear case
Bull case and bear case for Trustmark
Where the evidence on Trustmark stands: Strengthening on the latest evidence (Nov 8, 2026). Of its 4 thesis points, 4 strengthening.
Bull case: what the evidence supports
Trustmark’s local deposit market share gives access to lower-cost, sticky funding that supports net interest income and revenue growth even as regional competition increases.
Sustained operating cash generation permits repeatable share repurchases and dividends without breaching regulatory well-capitalized thresholds.
Trustmark’s earnings are materially driven by net interest margin sensitivity to rates and loan growth; favorable rate/backbook mix converts into higher net_income.
Disciplined buybacks plus organic earnings growth drive EPS compounding — management can sustainably boost eps_diluted if capital returns and earnings both continue.
Bear case: what would count against it
A sustained shift of retail or commercial deposits to national online banks or large regional entrants that offer materially higher rates (deposit beta > ~50%).
A sudden rise in loan loss provisions or core deposit outflows that materially reduce operating cash flow.
A rapid repricing of deposits driven by regional rate competition or large brokered-deposit outflows.
Thesis-Break Engine
Thesis-break watch · Trustmark
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedReported results of operations (earnings release).
Trustmark filed an SEC 8-K on 2026-10-27: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedEntered a material definitive agreement.
Trustmark filed an SEC 8-K on 2026-09-10: Entered a material definitive agreement. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Trustmark filed an SEC 8-K on 2026-07-28: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- A sustained shift of retail or commercial deposits to national online banks or large regional entrants that offer materially higher rates (deposit beta > ~50%).
- A sudden rise in loan loss provisions or core deposit outflows that materially reduce operating cash flow.
- A rapid repricing of deposits driven by regional rate competition or large brokered-deposit outflows.
- Regulators restrict TB's dividends to the holding company or impose capital requirements that reduce repurchase capacity.
TRMK news
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Financial statements
TRMK income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
TRMK: quick answers
- Have members of Congress traded TRMK?
- 1 trade in TRMK has been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed TRMK trade