TRMK FY 2018 Earnings Report — Trustmark Corporation Revenue & Financial Results | Market Cap Arena

Trustmark CorporationTRMK

FY 2018 Earnings

Reported February 19, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$602M	—	$572M	—	5.2%
Op. Income	$172M	—	$154M	—	11.3%
Gross Margin	86.2%	—	91.3%	—	-5.1pp
Net Margin	24.9%	—	18.5%	—	6.4pp
EPS (Diluted)	$2.21	—	$1.56	—	41.7%
Free Cash Flow	$211M	—	$188M	—	12.5%

Revenue Flow

Item	Amount
REVENUE	$602M
Cost of Revenue	$83M
GROSS PROFIT	$519M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$247M
SG&A Expenses	$247M
Other Expenses	$99M
Operating Expenses	$347M
Cost & Expenses	$430M
OPERATING INCOME	$172M
Interest Income	$486M
Interest Expense	$66M
Other Income/Expenses	$0
INCOME BEFORE TAX	$172M
Income Tax Expense	$22M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$150M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$150M
D&A	$39M
EBIT	$172M
EBITDA	$211M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$602M
Cost of Revenue	$83M
GROSS PROFIT	$519M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$247M
SG&A Expenses	$247M
Other Expenses	$99M
Operating Expenses	$347M
Cost & Expenses	$430M
OPERATING INCOME	$172M
Interest Income	$486M
Interest Expense	$66M
Other Income/Expenses	$0
INCOME BEFORE TAX	$172M
Income Tax Expense	$22M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$150M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$150M
D&A	$39M
EBIT	$172M
EBITDA	$211M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$150M
Depreciation & Amortization	$39M
Stock-Based Compensation	$4M
Deferred Income Tax	$12M
Other Non-Cash Items	$38M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$239M
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	-$24M
Sales/Maturities of Investments	$608M
Other Investing Activities	-$131M
NET CASH FROM INVESTING	$439M
Net Debt Issuance	-$905M
Common Stock Repurchased	-$64M
Common Dividends Paid	-$62M
Other Financing Activities	$368M
NET CASH FROM FINANCING	-$664M
FREE CASH FLOW	$211M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$350M
Short-Term Investments	$1.8B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$178M
Goodwill	$380M
Intangible Assets	$107M
Long-Term Investments	$9.9B
Tax Assets	$0
Other Non-Current Assets	$534M
TOTAL NON-CURRENT ASSETS	$11.1B
TOTAL ASSETS	$13.3B
Account Payables	$0
Short-Term Debt	$191M
Deferred Revenue	$0
Other Current Liabilities	$11.4B
TOTAL CURRENT LIABILITIES	$11.6B
Long-Term Debt	$80M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$59M
TOTAL NON-CURRENT LIABILITIES	$140M
TOTAL LIABILITIES	$11.7B
Common Stock	$14M
Additional Paid-In Capital	$310M
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$56M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$13.3B
Total Debt	$271M
Net Debt	-$78M