TRMK
Trustmark Corporation
TRMK's fundamentals are mixed: its operating margin held steady at 35%, while earnings per share grew 9.3%. At 12x earnings, it's trading right at its usual valuation. Analysts expect earnings growth.
TRMK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
TRMK's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like TRMK.
TRMK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $42.45 | -11% |
| Forward | 11x | $47.84 | — |
| Fair | 12x | $48.11 | +0.6% |
| Current | 12x | $47.84 | — |
| Expensive | 15x | $60.55 | +27% |
Historical ranges are pointers, not guarantees.
TRMK's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
TRMK Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TRMK, with profitability improving.
TRMK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.21 | +5.6% |
| Q3 2026 | $3.99 | +9.3% |
| Q2 2026 | $3.93 | +11% |
| Q1 2024 | $2.56 | +68% |
| Q4 2023 | $2.70 | +131% |
| Q3 2023 | $1.57 | -27% |
| Q2 2023 | $1.70 | -5% |
| Q1 2023 | $1.52 | -24% |
| Q4 2022 | $1.17 | -50% |
TRMK's earnings per share have climbed steadily: $3.99 over the past year, up 9.3% from the year before, and higher year over year for eight quarters in a row.
TRMK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $207.1M | +2.4% |
| Q2 2026 | $208.2M | +4.8% |
| Q1 2026 | $202.9M | +4.2% |
| Q4 2025 | $204.1M | +3.7% |
| Q3 2025 | $202.4M | +5.3% |
| Q1 2025 | $194.6M | +3.4% |
| Q4 2024 | $196.8M | +5.5% |
| Q3 2024 | $192.3M | +0.7% |
TRMK's revenue has grown year over year for eight quarters in a row: $207M last quarter, up 2.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 34% | -0.5 points |
| Q2 2026 | 37% | +2.7 points |
| Q1 2026 | 34% | 0 points |
| Q4 2025 | 35% | +1.7 points |
| Q3 2025 | 34% | +2 points |
| Q2 2025 | 35% | N/A |
| Q1 2025 | 34% | +7.3 points |
| Q4 2024 | 33% | +9.7 points |
TRMK's operating margin was 34% last quarter, about level with the same quarter a year ago.
TRMK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $135.1M | +115% |
| Q2 2026 | $49.5M | +43% |
| Q1 2026 | $20.6M | -74% |
| Q4 2025 | $54.1M | -43% |
| Q3 2025 | $62.7M | +22% |
| Q1 2025 | $80.6M | +$144.2M |
| Q4 2024 | $95.3M | +67% |
| Q3 2024 | $51.2M | -48% |
TRMK's free cash flow was $259M over the past year, down 5.1% from the year before. Free cash flow isn't a meaningful measure for financial services companies like TRMK.
TRMK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -474K shares |
| 1 year | -3.8% | -2.3M shares |
| 3 years | -4.9% | -3M shares |
| 5 years | -8.2% | -5.2M shares |
| Available history | -10% | -6.5M shares |
TRMK has 58M diluted shares, down 3.8% from a year ago, with $104M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $20.1M |
| Q2 2026 | $21.1M |
| Q1 2026 | $19.8M |
| Q4 2025 | $43M |
| Q3 2025 | $11M |
| Q2 2025 | $11M |
| Q1 2025 | $15M |
| Q4 2023 | — |
TRMK spent $104M buying back its own shares over the past year.
TRMK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.2x | Net Cash |
| Q2 2026 | -1.1x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | -1.3x | Net Cash |
| Q2 2025 | 0.2x | Very low |
| Q1 2024 | -0.0x | Very low |
| Q4 2023 | -1.6x | Net Cash |
TRMK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like TRMK.
TRMK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.1 | Neutral |
| Stochastic | 32.7 | Neutral |
TRMK's weekly RSI is 59 (neutral) and its Stochastic is 33 (neutral).
TRMK PE vs Financial Services Sector
| Metric | TRMK | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 7.9% below |
| PE % | 47 | 63 | 16 pts below |
TRMK is trading at 12x earnings, in line with the Financial Services sector's median of 13x.
TRMK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $45.5 | 5.1% above |
| 20 week MA | $46.3 | 3.3% above |
| 50 week MA | $44.3 | 8.1% above |
| 100 week MA | $40.4 | 18% above |
| 200 week MA | $34.0 | 41% above |
TRMK is in an uptrend: it's above all five of its weekly moving averages, and 41% above its 200-week average.
TRMK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.5 | $27.3 | -21% |
| 2021 | $27.3 | $32.1 | +17% |
| 2022 | $32.1 | $34.7 | +8.4% |
| 2023 | $34.7 | $27.9 | -20% |
| 2024 | $27.9 | $35.9 | +29% |
| 2025 | $35.9 | $40.1 | +12% |
| 2026 YTD | $40.1 | $47.8 | +19% |
TRMK has finished higher in four of the last six years. It's up 19% so far in 2026.