Trustmark

TRMK · Nasdaq · Financials · Financials, fiscal 2016 to 2025

TRMK · Last close · November 6, 2026

$44.64

Trustmark's revenue rose 42.6% to $800 million in fiscal 2025. Net income was $224 million, up 0.5%. Its return on equity was 11.0%, down from 12.3% a year earlier. Its efficiency ratio was 64.0%, down from 86.6% a year earlier. It paid out $138 million in dividends and buybacks. The diluted share count fell 1.4%.

Trustmark Corporation Latest fiscal year ended December 31, 2025 10-K filed February 23, 2026 · 0001193125-26-064009 Updated November 6, 2026

Revenue

$800M

42.6%

Net income

$224M

0.5%

Return on equity

11.0%

1.3 pts

Return on tangible equity

13.1%

2.0 pts

Efficiency ratio

64.0%

22.5 pts

Market cap

$2.6B

Nov 6 close

P/E

11.2x

On $3.99 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 9.8% a year and net income 8.4% a year, as buybacks cut the share count by 11%.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	10,248	12,204	12,950	—	—
Deposits	15,087	14,438	15,570	15,108	15,500
Loans to deposits	67.9%	84.5%	83.2%	—	—
Provision for credit losses	−22	22	27	—	—
Provision to average loans	−0.2%	0.2%	0.2%	—	—
Total assets	17,596	18,016	18,722	18,152	18,925
Shareholders' equity	1,741	1,492	1,662	1,962	2,122

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Trustmark's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open Trustmark's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, no insider bought Trustmark shares on the open market, and 1 insider sold $24,189.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Sep 2, 2026	Marcelo L EduardoDirector	Sold	530	$45.64	$24,189	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Trustmark side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Trustmark	FY25	42.6%	28.0%	11.0%	13.1%	64.0%
Cathay General Bancorp	FY25	12.1%	38.5%	10.9%	12.6%	43.4%	Compare
Community Bank System	FY25	9.6%	25.7%	11.2%	20.7%	63.7%	Compare
Customers Bancorp	FY25	14.5%	27.4%	11.3%	11.0%	52.8%	Compare
Pathward Financial	FY25	5.3%	22.1%	22.1%	34.5%	66.7%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	562	592	604	614	701	640	646	701	561	800
Revenue growth	−0.6%	5.5%	2.0%	1.6%	14.3%	−8.7%	0.9%	8.5%	−20.0%	42.6%
Net interest income	388	408	419	427	426	418	495	553	584	636
Noninterest income	174	185	185	187	275	222	151	148	−23	164
Noninterest expense	407	430	415	429	466	489	564	496	486	512
Provision for credit losses	—	—	18	11	36	−22	22	27	—	—
Net income	108	106	150	150	160	147	72	166	223	224
Diluted EPS (US$)	1.60	1.56	2.21	2.32	2.51	2.34	1.17	2.70	3.63	3.70
Diluted shares (millions)	68	68	68	65	64	63	61	61	61	60
Payouts
Dividends paid	63	63	62	60	59	58	57	57	57	58
Share buybacks	1	0	62	57	28	62	25	0	8	80
Balance sheet at fiscal year end
Loans, net	7,780	8,493	8,757	9,251	9,824	10,248	12,204	12,950	—	—
Deposits	10,056	10,578	11,364	11,246	14,049	15,087	14,438	15,570	15,108	15,500
Total assets	13,352	13,798	13,286	13,498	16,552	17,596	18,016	18,722	18,152	18,925
Shareholders' equity	1,520	1,572	1,592	1,661	1,741	1,741	1,492	1,662	1,962	2,122
Ratios
Return on equity	7.2%	6.8%	9.5%	9.2%	9.4%	8.5%	4.5%	10.5%	12.3%	11.0%
Return on tangible common equity	9.8%	9.2%	12.6%	12.2%	12.2%	10.9%	5.8%	13.6%	15.1%	13.1%
Return on assets	0.8%	0.8%	1.1%	1.1%	1.1%	0.9%	0.4%	0.9%	1.2%	1.2%
Efficiency ratio	72.5%	72.6%	68.8%	69.9%	66.5%	76.4%	87.3%	70.7%	86.6%	64.0%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Trustmark's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Trustmark.