Trustmark Corporation
Financial ServicesNASDAQ:TRMK · NASDAQ Global Select
+$0.50 today
Vol 0.32M · Avg 0.38M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.2B of revenue converted into $226.6M of net income for the selected period. Gross margin is 67.3% and net margin is 19.5%, showing how much revenue survives after costs and taxes. EPS is $3.78, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B +34.8% | $831.4M -9.3% | $916.3M +57.1% | $583.3M +2.7% | $567.8M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $325.4M -22.0% | $417.2M +19.0% | $350.5M +400.6% | $70.0M +24411.5% | -$288.0K | $725.6M | $804.0M | $882.4M |
| Gross Profit | $794.9M +91.9% | $414.2M -26.8% | $565.8M +10.2% | $513.3M -9.6% | $568.1M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 71.0% +21.1pp | 49.8% -11.9pp | 61.7% -26.3pp | 88.0% -12.1pp | 100.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $339.7M +19.0% | $285.4M +1.3% | $281.8M +7.7% | $261.6M -9.7% | $289.7M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $509.2M +33.9% | $380.1M -1.2% | $384.8M -15.3% | $454.2M +15.7% | $392.7M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $40.0M +5.1% | $38.1M +6.5% | $35.8M -10.3% | $39.9M -12.9% | $45.8M | $374.2M | $1.2B | $631.8M |
| EBITDA | $325.7M +351.6% | $72.1M -66.7% | $216.8M +119.0% | $99.0M -55.3% | $221.2M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 29.1% +20.4pp | 8.7% -15.0pp | 23.7% +6.7pp | 17.0% -22.0pp | 39.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | $285.7M +739.0% | $34.1M -81.2% | $181.0M +206.3% | $59.1M -66.3% | $175.4M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 25.5% +21.4pp | 4.1% -15.7pp | 19.8% +9.6pp | 10.1% -20.8pp | 30.9% | 16.6% | 24.1% | 22.0% |
| Interest Income | $959.7M -0.1% | $960.3M +9.3% | $878.8M +62.2% | $541.8M +22.4% | $442.5M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $312.5M -16.9% | $375.9M +15.3% | $326.0M +591.7% | $47.1M +95.1% | $24.2M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $285.7M +739.0% | $34.1M -81.2% | $181.0M +206.3% | $59.1M -66.3% | $175.4M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 25.5% +21.4pp | 4.1% -15.7pp | 19.8% +9.6pp | 10.1% -20.8pp | 30.9% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $61.6M +652.3% | -$11.2M -140.2% | $27.7M +1630.3% | -$1.8M -106.5% | $28.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $224.1M +0.5% | $223.0M +34.8% | $165.5M +130.2% | $71.9M -51.2% | $147.4M | $4.9B | $4.8B | $4.7B |
| Net Margin | 20.0% -6.8pp | 26.8% +8.8pp | 18.1% +5.7pp | 12.3% -13.6pp | 26.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $4 +1.9% | $4 +34.7% | $3 +131.6% | $1 -50.2% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $4 +1.9% | $4 +34.4% | $3 +130.8% | $1 -50.0% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $60.3M -1.4% | $61.2M +0.2% | $61.1M -0.6% | $61.4M -2.1% | $62.8M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $60.5M -1.4% | $61.4M +0.2% | $61.2M -0.3% | $61.4M -2.4% | $63.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Western Alliance Bancorporation
NYSE:WAL
$9.14B
First Financial Bancorp.
NASDAQ:FFBC
$3.39B
Park National Corporation
AMEX:PRK
$3.26B
Provident Financial Services, Inc.
NYSE:PFS
$3.06B
WaFd, Inc.
NASDAQ:WAFD
$2.74B
TowneBank
NASDAQ:TOWN
$2.73B
Customers Bancorp, Inc.
NYSE:CUBI
$2.65B
NBT Bancorp Inc.
NASDAQ:NBTB
$2.51B
Banner Corporation
NASDAQ:BANR
$2.28B
Hilltop Holdings Inc.
NYSE:HTH
$2.25B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does TRMK generate?
Trustmark Corporation (TRMK) reported $1.12B of revenue in fiscal 2025.
Is TRMK profitable?
Trustmark Corporation (TRMK) reported $224.13M of net income, with a net margin of 20.0%.
Explore More
Continue the stock analysis
Jump to another research area for this company.