Trustmark Corporation (TRMK) Financial Statements (2024 and earlier)

Company Profile

Business Address 248 E CAPITOL ST
JACKSON, MS 39201
State of Incorp. MS
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments734,7872,266,8291,952,504358,916349,561335,768
Cash and cash equivalents734,7872,266,8291,952,504358,916349,561335,768
Total current assets:734,7872,266,8291,952,504358,916349,561335,768
Noncurrent Assets
Operating lease, right-of-use asset36,30134,60330,90131,182
Property, plant and equipment212,365205,644194,278189,791178,668179,339
Intangible assets, net (including goodwill)387,877389,311392,660386,970390,739395,987
Goodwill384,237384,237385,270379,627379,627379,627
Intangible assets, net (excluding goodwill)3,6405,0747,3907,34311,11216,360
Total noncurrent assets:636,543629,558617,839607,943569,407575,326
Other undisclosed assets16,644,14814,699,24913,981,49712,531,01812,367,49212,886,859
TOTAL ASSETS:18,015,47817,595,63616,551,84013,497,87713,286,46013,797,953
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt64,120193,313128,05353,57279,006971,049
Total current liabilities:64,120193,313128,05353,57279,006971,049
Noncurrent Liabilities
Other undisclosed liabilities16,459,09015,661,01214,682,67011,783,60311,616,00111,255,203
Total liabilities:16,523,21015,854,32514,810,72311,837,17511,695,00712,226,252
Equity
Equity, attributable to parent1,492,2681,741,3111,741,1171,660,7021,591,4531,571,701
Common stock12,70512,84513,21513,37613,71714,115
Additional paid in capital154,645175,913233,120256,400309,545369,124
Accumulated other comprehensive loss(275,403)(32,560)(1,051)(23,600)(55,679)(39,725)
Retained earnings1,600,3211,585,1131,495,8331,414,5261,323,8701,228,187
Total equity:1,492,2681,741,3111,741,1171,660,7021,591,4531,571,701
TOTAL LIABILITIES AND EQUITY:18,015,47817,595,63616,551,84013,497,87713,286,46013,797,953

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues594,915454,296486,868544,515508,978507,503
Net investment income541,194405,785441,692502,119468,497425,317
Financial services revenue82,186
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(21,677) (36,113)   
Gross profit:573,238454,296450,755544,515508,978507,503
Operating expenses(130,014)(27,043)(26,489)(26,149)(26,703)(260,754)
Operating income:443,224427,253424,266518,366482,275246,749
Nonoperating income9,8426,5518,6599,8096,73613,949
Gains (losses) on sales of other real estate(1,006)(1,869)897(291)  
Bank owned life insurance income4,8754,8535,0995,5925,3585,025
Interest and debt expense(47,125)(24,160)(41,798)(83,903)(66,192)(42,245)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (201,345)(270,479)(250,966)(64,108)
Income from continuing operations before equity method investments, income taxes:405,941409,644189,782173,793171,853154,345
Other undisclosed loss from continuing operations before income taxes(332,194)(234,231)    
Income from continuing operations before income taxes:73,747175,413189,782173,793171,853154,345
Income tax expense(1,860)(28,048)(29,757)(23,333)(22,269)(48,715)
Income from continuing operations:71,887147,365160,025150,460149,584105,630
Income before gain (loss) on sale of properties:147,365160,025150,460149,584105,630
Net income available to common stockholders, diluted:71,887147,365160,025150,460149,584105,630

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:71,887147,365160,025150,460149,584105,630
Other comprehensive income (loss)242,843(31,509)22,54932,079(7,430)6,073
Comprehensive income:314,730115,856182,574182,539142,154111,703
Other undisclosed comprehensive loss, net of tax, attributable to parent (485,686)     
Comprehensive income (loss), net of tax, attributable to parent:(170,956)115,856182,574182,539142,154111,703

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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