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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments975,543750,492832,0521,297,144734,787479,637
Cash and cash equivalents975,543750,492832,0521,297,144734,787479,637
Total current assets:975,543750,492832,0521,297,144734,787479,637
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 3,8643,9774,180 4,894
Operating lease, right-of-use asset38,14239,63938,17935,31536,30137,282
Property, plant and equipment232,537230,718227,630223,975212,365210,761
Intangible assets, net (including goodwill)387,202387,330387,459387,589387,877388,189
Goodwill384,237384,237384,237384,237384,237384,237
Intangible assets, net (excluding goodwill)2,9653,0933,2223,3523,6403,952
Total noncurrent assets:657,881661,551657,245651,059636,543641,126
Other undisclosed assets17,088,76516,978,79616,933,32916,928,97516,644,14816,069,871
TOTAL ASSETS:18,722,18918,390,83918,422,62618,877,17818,015,47817,190,634
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt29,12643,40237,51125,14364,12079,343
Total current liabilities:29,12643,40237,51125,14364,12079,343
Noncurrent Liabilities
Other undisclosed liabilities17,031,21616,777,08616,813,92217,289,93616,459,09015,602,346
Total liabilities:17,060,34216,820,48816,851,43317,315,07916,523,21015,681,689
Equity
Equity, attributable to parent1,661,8471,570,3511,571,1931,562,0991,492,2681,508,945
Common stock12,72512,72412,72412,72012,70512,700
Additional paid in capital159,688158,316156,834155,297154,645154,150
Accumulated other comprehensive loss(219,723)(287,888)(265,704)(242,381)(275,403)(306,412)
Retained earnings1,709,1571,687,1991,667,3391,636,4631,600,3211,648,507
Total equity:1,661,8471,570,3511,571,1931,562,0991,492,2681,508,945
TOTAL LIABILITIES AND EQUITY:18,722,18918,390,83918,422,62618,877,17818,015,47817,190,634

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues246,079243,825233,292213,205188,431158,148
Net investment income232,882228,522218,528198,900176,412144,237
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(7,585)(8,322)(8,211)(3,244)(6,902)(12,919)
Gross profit:238,494235,503225,081209,961181,529145,229
Operating expenses(7,362)(13,883)(7,108)(7,629)(108,648)(7,395)
Operating income:231,132221,620217,973202,33272,881137,834
Nonoperating income2,5792,3993,6952,5142,3112,418
Gains (losses) on sales of other real estate14  (77)(541) 
Bank owned life insurance income1,376  1,2631,236 
Interest and debt expense(96,140)(89,885)(78,624)(61,305)(29,930)(8,318)
Income from continuing operations before equity method investments, income taxes:137,571134,134143,044143,54145,262131,934
Other undisclosed loss from continuing operations before income taxes(94,151)(92,644)(90,261)(83,898)(96,855)(81,514)
Income (loss) from continuing operations before income taxes:43,42041,49052,78359,643(51,593)50,420
Income tax expense (benefit)(7,297)(7,461)(7,746)(9,343)17,530(7,965)
Income (loss) from continuing operations:36,12334,02945,03750,300(34,063)42,455
Income before gain (loss) on sale of properties:42,455
Net income (loss) available to common stockholders, diluted:36,12334,02945,03750,300(34,063)42,455

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):36,12334,02945,03750,300(34,063)42,455
Other comprehensive income (loss)68,165(22,184)(23,323)33,022516,695(99,270)
Comprehensive income (loss):104,28811,84521,71483,322482,632(56,815)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (485,686) 
Comprehensive income (loss), net of tax, attributable to parent:104,28811,84521,71483,322(3,054)(56,815)

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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