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Trustmark
(NASDAQ:TRMK)
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Rating:73Outperform
Price Target:
$54.00
▲(15.85% Upside)
Action:Reiterated
Date:08/06/26
TRMK scores well primarily on solid financial performance (profitability, improving leverage, steady ROE) and a positive earnings call with reaffirmed guidance and better credit metrics. Technicals are supportive with a strong uptrend, though near-overbought momentum signals temper the score. Valuation is reasonable (P/E ~12 with a ~2.1% yield), adding moderate support.
Positive Factors
Sustained Profitability
Trustmark's TTM net margin (~19%) and mid-20% operating margins show durable profitability. Strong margins support internal capital generation to fund dividends, buybacks and investments, providing resilience against rate and credit cycles and underpinning long-term shareholder returns.
Negative Factors
Loan-Growth Volatility
Large CRE prepayments and customer payoffs materially offset strong originations, producing uneven loan balances. Persistent volatility in loan volumes undermines predictability of net interest income, complicates capital planning and makes multi-quarter revenue forecasting less reliable.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
Trustmark's TTM net margin (~19%) and mid-20% operating margins show durable profitability. Strong margins support internal capital generation to fund dividends, buybacks and investments, providing resilience against rate and credit cycles and underpinning long-term shareholder returns.
Read all positive factors
Trustmark (TRMK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.78B
Dividend Yield2.07%
Average Volume (3M)266.78K
Price to Earnings (P/E)12.0
Beta (1Y)0.86
Revenue Growth1.25%
EPS Growth10.81%
CountryUS
Employees2,583
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.95
Shares Outstanding58,605,550
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 Ratio10.50
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$47.50Price Target Upside1.91% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)3.92
Revenue Forecast (FY)$844.74M
Trustmark Business Overview & Revenue Model
Company Description
Trustmark Corporation, the parent entity of Trustmark National Bank, delivers a comprehensive suite of banking and financial services to both individual consumers and corporate clients across the United States. Its operations are strategically div...
How the Company Makes Money
Trustmark primarily earns revenue through (1) net interest income and (2) noninterest income. Net interest income is generated by collecting interest on interest-earning assets—primarily loans (commercial and consumer, including real estate-relate...
Trustmark Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call communicated multiple positive operational and financial developments: solid reported earnings (with clear operating results excluding non-routine items), expanded net interest income and margin, strong originations and deposit growth, a meaningful reduction in nonperforming assets, successful completion of a major core systems conversion, ongoing share repurchases and a dividend, and reaffirmed full-year guidance. Lowlights were largely transitional or one-time in nature — notably the sale of a delinquent mortgage portfolio (which improved asset quality but reflected earlier credit stress), near-term expense and deposit-cost pressure tied to the conversion and competitive funding environment, and volatility from payoffs and CRE prepayments that temper near-term loan-growth visibility. Overall, the positive operational momentum and strengthened credit metrics outweigh the temporary pressures and one-time items.Positive Updates
Reported Net Income and EPS
Reported net income of $63.5 million in Q2 2026, representing diluted earnings per share of $1.08. Results included $6.9 million ($0.11 per share) from two non-routine items; excluding those, operating net income was $56.7 million and diluted EPS was $0.97.
Negative Updates
Non-Routine Mortgage Sale Reflects Prior Credit Stress
The sale of a $73.8 million delinquent mortgage portfolio (three payments delinquent/nonaccrual) — while reducing NPAs and producing a one-time gain — highlights prior elevated delinquencies that required disposal.
Read all updates
Q2-2026 Updates
Positive
Negative
Reported Net Income and EPS
Reported net income of $63.5 million in Q2 2026, representing diluted earnings per share of $1.08. Results included $6.9 million ($0.11 per share) from two non-routine items; excluding those, operating net income was $56.7 million and diluted EPS was $0.97.
Read all positive updates
Company Guidance
Trustmark affirmed full‑year 2026 guidance: loans held for investment and deposits (excluding brokered) are expected to increase in the mid‑single digits, securities balances to remain stable, net interest margin guided to 3.80%–3.85% with net interest income up mid‑single digits versus 2025, non‑interest income and non‑interest expense each expected to increase mid‑single digits, and total provision for credit losses (including off‑balance‑sheet exposure) expected to normalize (more in line with Q1 than Q2). Management warned of near‑term margin pressure from deposit pricing (a few basis points in Q3) but expects a modest rebound (a couple of basis points) into Q4 as market rates reprice (forward curve shows a September hike); they reiterated disciplined capital deployment—preference for organic loan growth, market expansion, M&A or other corporate uses—while continuing the share repurchase program (YTD repurchases $40.9M, $21.1M in Q2) and a quarterly dividend of $0.25 per share.Trustmark Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.18B | 1.12B | 831.37M | 916.33M | 583.32M | 567.82M |
| Gross Profit | 791.48M | 794.92M | 414.20M | 565.80M | 513.31M | 568.11M |
| EBITDA | 339.28M | 325.73M | 72.12M | 216.79M | 98.99M | 221.23M |
| Net Income | 234.30M | 224.13M | 223.01M | 165.49M | 71.89M | 147.37M |
Balance Sheet | ||||||
| Total Assets | 19.19B | 18.93B | 18.15B | 18.72B | 18.02B | 17.60B |
| Cash, Cash Equivalents and Short-Term Investments | 2.61B | 2.54B | 2.26B | 2.74B | 2.76B | 5.51B |
| Total Debt | 768.92M | 1.12B | 849.80M | 1.11B | 1.72B | 550.97M |
| Total Liabilities | 17.05B | 16.80B | 16.19B | 17.06B | 16.52B | 15.85B |
| Stockholders Equity | 2.14B | 2.12B | 1.96B | 1.66B | 1.49B | 1.74B |
Cash Flow | ||||||
| Free Cash Flow | 210.32M | 223.69M | 88.34M | 148.23M | 262.50M | 317.57M |
| Operating Cash Flow | 234.85M | 243.90M | 116.93M | 196.89M | 296.52M | 348.77M |
| Investing Cash Flow | -679.33M | -586.20M | 284.59M | -411.17M | -2.28B | -1.01B |
| Financing Cash Flow | 338.56M | 443.05M | -809.62M | 455.04M | 451.84M | 970.57M |
Trustmark Technical Analysis
Positive
46.61
Price Trends
45.96
Positive
44.72
Positive
42.43
Positive
Market Momentum
0.56
Negative
54.94
Neutral
61.73
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 46.61 is below the 20-day moving average (MA) of 47.07, above the 50-day MA of 45.96, and above the 200-day MA of 42.43, indicating a bullish trend. The MACD of 0.56 indicates Negative momentum. The RSI at 54.94 is Neutral, neither overbought nor oversold. The STOCH value of 61.73 is Neutral, 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 0 New Risks
Trustmark Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $3.55B | 11.79 | 10.07% | 2.96% | 11.65% | 13.28% | |
73 Outperform | $2.78B | 12.01 | 11.01% | 2.12% | 1.25% | 10.81% | |
71 Outperform | $2.72B | 13.78 | 7.26% | 3.36% | 5.05% | -19.06% | |
70 Outperform | $2.66B | 18.17 | 13.57% | ― | 11.59% | 103.48% | |
69 Neutral | $2.72B | 11.21 | 8.50% | 2.96% | -4.62% | 21.13% | |
68 Neutral | $2.60B | 72.26 | 8.01% | 1.50% | 4.15% | 36.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
TRMK
Trustmark
47.42
11.42
31.74%
FBNC
First Bancorp
64.67
16.36
33.87%
FFBC
First Financial Bancorp
33.66
10.88
47.77%
FRME
First Merchants
42.59
6.48
17.94%
WAFD
Washington Federal
37.16
8.46
29.46%
CUBI
Customers Bancorp
82.07
19.38
30.91%
Trustmark Corporate Events
Executive/Board Changes
Trustmark President of Retail Banking Announces Retirement
Neutral
May 19, 2026
On May 15, 2026, Trustmark announced that Wayne A. Stevens notified the boards of Trustmark Corporation and Trustmark Bank of his intention to retire as President of Retail Banking, effective July 3, 2026, marking the end of a four-decade career w...
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.