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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit. It also provides mortgage banking services, including construction financing, production of conventional and government insured mortgages, and secondary marketing and mortgage servicing; and treasury management services. In addition, the company provides wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management. Further, it offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers, as well as provides an intermediary vehicle for the provision of loans or investments in low-income communities. As of December 31, 2020, the company operated 174 full-service branches and 12 limited service branches; and 230 automated teller machines and 34 interactive teller machines. Trustmark Corporation was founded in 1889 and is headquartered in Jackson, Mississippi.
IPO Year:
Exchange: NASDAQ
Website: trustmark.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/29/2024 | $34.00 → $37.00 | Market Perform | Hovde Group |
| 4/25/2024 | $30.00 → $36.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/6/2023 | Outperform → Mkt Perform | Raymond James | |
| 2/21/2023 | $34.00 | Mkt Perform → Outperform | Raymond James |
| 1/9/2023 | $38.00 | Neutral | DA Davidson |
Trustmark National Bank today announced that it has entered into a definitive agreement to sell its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc., ("FBBINSURANCE") to Marsh & McLennan Agency LLC for $345 million in cash. Trustmark National Bank is a wholly owned subsidiary of Trustmark Corporation (NASDAQ:TRMK). Transaction Highlights The sale of FBBINSURANCE, among the five largest bank-affiliated insurance brokerages in the nation and one of the largest agencies in the Southeast, is expected to allow Trustmark to capitalize on the strong valuation premiums in the insurance brokerage sector. The $345 million transaction value represents approximately 5.9 times FBBINSU
Truist Securities analyst Brandon King maintains Trustmark (NASDAQ:TRMK) with a Hold and raises the price target from $31 to $37.
Trustmark (NASDAQ:TRMK) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.62 by 6.45 percent. This is a 1.49 percent decrease over earnings of $0.67 per share from the same period last year.
In the latest quarter, 4 analysts provided ratings for Trustmark (NASDAQ:TRMK), showcasing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 2 0 0 Analysts have set 12-month price targets for Trustmark, revealing an average target of $33.25, a high estimate of $36.00, and a low estimate of $31.00. Marking an increase of 9.02%, the current average surpasses the previous
Truist Securities analyst Brandon King maintains Trustmark (NASDAQ:TRMK) with a Hold and lowers the price target from $32 to $31.
Truist Securities analyst Brandon King maintains Trustmark (NASDAQ:TRMK) with a Hold and raises the price target from $30 to $32.
Ratings for Trustmark (NASDAQ:TRMK) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 1 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $32.25, along with a high estimate of $36.00 and a low estimate of $29.00. This upward trend is apparent, wi
DA Davidson analyst Kevin Fitzsimmons maintains Trustmark (NASDAQ:TRMK) with a Neutral and raises the price target from $30 to $34.
Keefe, Bruyette & Woods analyst Catherine Mealor upgrades Trustmark (NASDAQ:TRMK) from Market Perform to Outperform and raises the price target from $30 to $36.
Trustmark (NASDAQ:TRMK) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.60 by 13.33 percent. This is a 17.07 percent decrease over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $191.544 million which beat the analyst consensus estimate of $189.232 million by 1.22 percent. This is a 0.47 percent decrease over sales of $192.449 million the same period last year.
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Hovde Group reiterated coverage of Trustmark with a rating of Market Perform and set a new price target of $37.00 from $34.00 previously
Keefe Bruyette upgraded Trustmark from Mkt Perform to Outperform and set a new price target of $36.00 from $30.00 previously
Raymond James downgraded Trustmark from Outperform to Mkt Perform
Raymond James upgraded Trustmark from Mkt Perform to Outperform and set a new price target of $34.00
DA Davidson initiated coverage of Trustmark with a rating of Neutral and set a new price target of $38.00
Performance Reflects Increased Earnings, Enhanced Profitability, and Strengthened Capital Flexibility Trustmark Corporation (NASDAQ:TRMK) reported net income of $51.3 million in the third quarter of 2024, representing diluted earnings per share of $0.84. In the second quarter of 2024, Trustmark reported net income of $73.8 million, representing diluted earnings per share of $1.20 and net income from adjusted continuing operations(1) of $40.5 million, or $0.66 per diluted share. Net income from adjusted continuing operations(1) increased $10.8 million, or 26.7%, linked-quarter. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024102
Trustmark Corporation (NASDAQ:TRMK) will announce its third quarter 2024 financial results in a news release on Tuesday, October 22, 2024, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, October 23, 2024, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, November 6, 2024, in archived format at the same web address or
Completed Significant Actions to Increase Earnings, Enhance Profitability Profile, Reduce Risk, and Strengthen Capital Flexibility Trustmark Corporation (NASDAQ:TRMK) announced second quarter financial results which reflect the previously disclosed sale of Fisher Brown Bottrell Insurance, Inc. (FBBI). As such, second quarter financial results consist of both continuing operations and discontinued operations. The discontinued operations include the financial results of FBBI prior to the sale as well as the gain on sale in the second quarter. The discontinued operations results are presented as a single line item below income from continuing operations in the accompanying tables for all per
Trustmark Corporation (NASDAQ:TRMK) will announce its second quarter 2024 financial results in a news release on Tuesday, July 23, 2024, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, July 24, 2024, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, August 7, 2024, in archived format at the same web address or by call
Loan Growth Moderates, Credit Quality Remains Stable Solid Growth in Fee Income and Disciplined Expense Management Reflected in Financial Results Trustmark Corporation (NASDAQ:TRMK) reported net income of $41.5 million in the first quarter of 2024, representing diluted earnings per share of $0.68. Trustmark's performance during the first quarter produced a return on average tangible equity of 12.98% and a return on average assets of 0.89%. The Board of Directors declared a quarterly cash dividend of $0.23 per share payable June 15, 2024, to shareholders of record on June 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/
Trustmark National Bank today announced that it has entered into a definitive agreement to sell its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc., ("FBBINSURANCE") to Marsh & McLennan Agency LLC for $345 million in cash. Trustmark National Bank is a wholly owned subsidiary of Trustmark Corporation (NASDAQ:TRMK). Transaction Highlights The sale of FBBINSURANCE, among the five largest bank-affiliated insurance brokerages in the nation and one of the largest agencies in the Southeast, is expected to allow Trustmark to capitalize on the strong valuation premiums in the insurance brokerage sector. The $345 million transaction value represents approximately 5.9 times FBBINSU
Trustmark Corporation (NASDAQ:TRMK) will announce its first quarter 2024 financial results in a news release on Tuesday, April 23, 2024, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, April 24, 2024, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, May 8, 2024, in archived format at the same web address or by callin
Performance Reflects Continued Loan and Deposit Growth, Solid Credit Quality, and Diversified Revenue Base Trustmark Corporation (NASDAQ:TRMK) reported net income of $36.1 million in the fourth quarter of 2023, representing diluted earnings per share of $0.59. For the full year, Trustmark's net income totaled $165.5 million, representing diluted earnings per share of $2.70. Trustmark's net income in 2023 produced a return on average tangible equity of 14.04% and a return on average assets of 0.89%. Trustmark's Board of Directors declared a quarterly cash dividend of $0.23 per share payable March 15, 2024, to shareholders of record on March 1, 2024. This press release features multimedia.
Trustmark Corporation (NASDAQ:TRMK) will announce its fourth quarter 2023 financial results in a news release on Tuesday, January 23, 2024, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, January 24, 2024, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, February 7, 2024, in archived format at the same web address or
Performance Reflects Continued Loan and Deposit Growth, Solid Credit Quality, and Diversified Fee Income Trustmark Corporation (NASDAQ:TRMK) reported net income of $34.0 million in the third quarter of 2023, representing diluted earnings per share of $0.56. As previously disclosed, Trustmark recognized a litigation settlement expense of $6.5 million in the third quarter, which reduced net income by $4.9 million, or $0.08 per diluted share. Excluding this expense, Trustmark's third quarter net income totaled $38.9 million, or $0.64 per diluted share. Please refer to the Consolidated Financial Information, Note 1 – Litigation Settlement and Note 7 – Non-GAAP Financial Measures. Trustmark's
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Performance Reflects Increased Earnings, Enhanced Profitability, and Strengthened Capital Flexibility Trustmark Corporation (NASDAQ:TRMK) reported net income of $51.3 million in the third quarter of 2024, representing diluted earnings per share of $0.84. In the second quarter of 2024, Trustmark reported net income of $73.8 million, representing diluted earnings per share of $1.20 and net income from adjusted continuing operations(1) of $40.5 million, or $0.66 per diluted share. Net income from adjusted continuing operations(1) increased $10.8 million, or 26.7%, linked-quarter. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024102
Trustmark Corporation (NASDAQ:TRMK) will announce its third quarter 2024 financial results in a news release on Tuesday, October 22, 2024, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, October 23, 2024, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, November 6, 2024, in archived format at the same web address or
Completed Significant Actions to Increase Earnings, Enhance Profitability Profile, Reduce Risk, and Strengthen Capital Flexibility Trustmark Corporation (NASDAQ:TRMK) announced second quarter financial results which reflect the previously disclosed sale of Fisher Brown Bottrell Insurance, Inc. (FBBI). As such, second quarter financial results consist of both continuing operations and discontinued operations. The discontinued operations include the financial results of FBBI prior to the sale as well as the gain on sale in the second quarter. The discontinued operations results are presented as a single line item below income from continuing operations in the accompanying tables for all per
Trustmark Corporation (NASDAQ:TRMK) will announce its second quarter 2024 financial results in a news release on Tuesday, July 23, 2024, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, July 24, 2024, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, August 7, 2024, in archived format at the same web address or by call
Loan Growth Moderates, Credit Quality Remains Stable Solid Growth in Fee Income and Disciplined Expense Management Reflected in Financial Results Trustmark Corporation (NASDAQ:TRMK) reported net income of $41.5 million in the first quarter of 2024, representing diluted earnings per share of $0.68. Trustmark's performance during the first quarter produced a return on average tangible equity of 12.98% and a return on average assets of 0.89%. The Board of Directors declared a quarterly cash dividend of $0.23 per share payable June 15, 2024, to shareholders of record on June 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/
Trustmark Corporation (NASDAQ:TRMK) will announce its first quarter 2024 financial results in a news release on Tuesday, April 23, 2024, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, April 24, 2024, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, May 8, 2024, in archived format at the same web address or by callin
Performance Reflects Continued Loan and Deposit Growth, Solid Credit Quality, and Diversified Revenue Base Trustmark Corporation (NASDAQ:TRMK) reported net income of $36.1 million in the fourth quarter of 2023, representing diluted earnings per share of $0.59. For the full year, Trustmark's net income totaled $165.5 million, representing diluted earnings per share of $2.70. Trustmark's net income in 2023 produced a return on average tangible equity of 14.04% and a return on average assets of 0.89%. Trustmark's Board of Directors declared a quarterly cash dividend of $0.23 per share payable March 15, 2024, to shareholders of record on March 1, 2024. This press release features multimedia.
Trustmark Corporation (NASDAQ:TRMK) will announce its fourth quarter 2023 financial results in a news release on Tuesday, January 23, 2024, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, January 24, 2024, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, February 7, 2024, in archived format at the same web address or
Performance Reflects Continued Loan and Deposit Growth, Solid Credit Quality, and Diversified Fee Income Trustmark Corporation (NASDAQ:TRMK) reported net income of $34.0 million in the third quarter of 2023, representing diluted earnings per share of $0.56. As previously disclosed, Trustmark recognized a litigation settlement expense of $6.5 million in the third quarter, which reduced net income by $4.9 million, or $0.08 per diluted share. Excluding this expense, Trustmark's third quarter net income totaled $38.9 million, or $0.64 per diluted share. Please refer to the Consolidated Financial Information, Note 1 – Litigation Settlement and Note 7 – Non-GAAP Financial Measures. Trustmark's
Trustmark Corporation (NASDAQ:TRMK) will announce its third quarter 2023 financial results in a news release on Tuesday, October 24, 2023, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, October 25, 2023, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, November 8, 2023, in archived format at the same web address or
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