TRMK FY 2017 Earnings Report — Trustmark Corporation Revenue & Financial Results | Market Cap Arena

Trustmark CorporationTRMK

FY 2017 Earnings

Reported February 20, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$572M	—	$525M	—	9.0%
Op. Income	$154M	—	$139M	—	10.7%
Gross Margin	91.3%	—	92.5%	—	-1.3pp
Net Margin	18.5%	—	20.6%	—	-2.2pp
EPS (Diluted)	$1.56	—	$1.60	—	-2.5%
Free Cash Flow	$188M	—	$130M	—	44.4%

Revenue Flow

Item	Amount
REVENUE	$572M
Cost of Revenue	$50M
GROSS PROFIT	$522M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$258M
SG&A Expenses	$258M
Other Expenses	$110M
Operating Expenses	$368M
Cost & Expenses	$418M
OPERATING INCOME	$154M
Interest Income	$450M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$154M
Income Tax Expense	$49M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$38M
EBIT	$154M
EBITDA	$193M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$572M
Cost of Revenue	$50M
GROSS PROFIT	$522M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$258M
SG&A Expenses	$258M
Other Expenses	$110M
Operating Expenses	$368M
Cost & Expenses	$418M
OPERATING INCOME	$154M
Interest Income	$450M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$154M
Income Tax Expense	$49M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$38M
EBIT	$154M
EBITDA	$193M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$106M
Depreciation & Amortization	$38M
Stock-Based Compensation	$4M
Deferred Income Tax	$26M
Other Non-Cash Items	-$415.0K
Change in Working Capital	$33M
OPERATING CASH FLOW	$207M
Capital Expenditure	-$19M
Acquisitions (Net)	-$20M
Purchases of Investments	-$421M
Sales/Maturities of Investments	$670M
Other Investing Activities	-$564M
NET CASH FROM INVESTING	-$349M
Net Debt Issuance	-$71M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$63M
Other Financing Activities	$285M
NET CASH FROM FINANCING	$150M
FREE CASH FLOW	$188M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$336M
Short-Term Investments	$2.2B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$178M
Goodwill	$380M
Intangible Assets	$101M
Long-Term Investments	$10.0B
Tax Assets	$0
Other Non-Current Assets	$576M
TOTAL NON-CURRENT ASSETS	$11.2B
TOTAL ASSETS	$13.8B
Account Payables	$0
Short-Term Debt	$1.4B
Deferred Revenue	$0
Other Current Liabilities	$10.6B
TOTAL CURRENT LIABILITIES	$12.0B
Long-Term Debt	$63M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$145M
TOTAL NON-CURRENT LIABILITIES	$208M
TOTAL LIABILITIES	$12.2B
Common Stock	$14M
Additional Paid-In Capital	$369M
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$40M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$13.8B
Total Debt	$1.5B
Net Debt	$1.2B