TRMK FY 2016 Earnings Report — Trustmark Corporation Revenue & Financial Results | Market Cap Arena

Trustmark CorporationTRMK

FY 2016 Earnings

Reported February 21, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$525M	—	$525M	—	-0.0%
Op. Income	$139M	—	$151M	—	-7.9%
Gross Margin	92.5%	—	93.9%	—	-1.3pp
Net Margin	20.6%	—	22.1%	—	-1.5pp
EPS (Diluted)	$1.60	—	$1.71	—	-6.4%
Free Cash Flow	$130M	—	$151M	—	-13.9%

Revenue Flow

Item	Amount
REVENUE	$525M
Cost of Revenue	$39M
GROSS PROFIT	$486M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$251M
SG&A Expenses	$251M
Other Expenses	$95M
Operating Expenses	$346M
Cost & Expenses	$386M
OPERATING INCOME	$139M
Interest Income	$412M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$139M
Income Tax Expense	$31M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$37M
EBIT	$139M
EBITDA	$176M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$525M
Cost of Revenue	$39M
GROSS PROFIT	$486M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$251M
SG&A Expenses	$251M
Other Expenses	$95M
Operating Expenses	$346M
Cost & Expenses	$386M
OPERATING INCOME	$139M
Interest Income	$412M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$139M
Income Tax Expense	$31M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$37M
EBIT	$139M
EBITDA	$176M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$37M
Stock-Based Compensation	$0
Deferred Income Tax	$18M
Other Non-Cash Items	-$2M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$148M
Capital Expenditure	-$18M
Acquisitions (Net)	$0
Purchases of Investments	-$787M
Sales/Maturities of Investments	$789M
Other Investing Activities	-$642M
NET CASH FROM INVESTING	-$650M
Net Debt Issuance	$49M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$63M
Other Financing Activities	$567M
NET CASH FROM FINANCING	$552M
FREE CASH FLOW	$130M
Net Change in Cash	$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$328M
Short-Term Investments	$2.4B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$179M
Goodwill	$366M
Intangible Assets	$101M
Long-Term Investments	$9.4B
Tax Assets	$0
Other Non-Current Assets	$641M
TOTAL NON-CURRENT ASSETS	$10.7B
TOTAL ASSETS	$13.4B
Account Payables	$0
Short-Term Debt	$1.3B
Deferred Revenue	$0
Other Current Liabilities	$10.1B
TOTAL CURRENT LIABILITIES	$11.4B
Long-Term Debt	$313M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$154M
TOTAL NON-CURRENT LIABILITIES	$467M
TOTAL LIABILITIES	$11.8B
Common Stock	$14M
Additional Paid-In Capital	$367M
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$46M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$13.4B
Total Debt	$1.6B
Net Debt	$1.3B