Trustmark Corp (OQ:TRMK)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 248 E CAPITOL ST P O Box 291 JACKSON MS 39201 |
| Tel: | 1-601-2086898 |
| Website: | https://investorrelations.trustmark.com/corporate-overview/default.aspx |
| IR: | See website |
| Key People | ||
| Gerard R. Host Executive Chairman of the Board of the Company and Bank | Duane A. Dewey President, Chief Executive Officer of the Company and the Bank, Director | Thomas C. Owens Treasurer and Principal Financial Officer of Trustmark and Chief Financial Officer of the Bank |
| Wayne Arthur Stevens President - Retail Banking of the Bank | George T. Chambers Principal Accounting Officer; Executive Vice President and Chief Accounting Officer of the Bank | Maria Luisa Sugay Bank Treasurer |
| Robert Barry Harvey Chief Credit and Operations Officer of Trustmark National Bank | Granville Tate Company Secretary, Chief Administrative Officer of the Bank | |
| Business Overview |
| Trustmark Corporation is a bank holding company. The Company's principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. The Company operates through three segments: General Banking, Wealth Management and Insurance. The General Banking Segment is responsible for all traditional banking products and services, including loans and deposits. The Wealth Management Segment provides customized solutions for customers by integrating financial services with traditional banking products and services, such as money management, full-service brokerage, financial planning, personal and institutional trust and retirement services. Through Fisher Brown Bottrell Insurance, Inc. (FBBI), a subsidiary of TNB, the Insurance Segment provides a range of retail insurance products, including commercial risk management products, bonding, group benefits and personal lines coverage. |
| Financial Overview |
| For the three months ended 31 March 2024, Trustmark Corp interest income increased 16% to $229.8M. Net interest income after loan loss provision decreased 8% to $125.3M. Net income decreased 17% to $41.5M. Net interest income after loan loss provision reflects General Banking segment decrease of 8% to $124.2M, Wealth Management segment decrease of 16% to $1.1M. Net income also reflects General Banking segment income decrease of 21% to $36.6M. |
| Employees: | 2,757 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,328M as of Mar 31, 2024 |
| Annual revenue (TTM): | $909.77M as of Mar 31, 2024 |
| EBITDA (TTM): | $282.08M as of Mar 31, 2024 |
| Net annual income (TTM): | $156.72M as of Mar 31, 2024 |
| Free cash flow (TTM): | $43.14M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $454.32M as of Mar 31, 2024 |
| Shares outstanding: | 61,201,825 as of Apr 30, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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