TRMK FY 2019 Earnings Report — Trustmark Corporation Revenue & Financial Results | Market Cap Arena

Trustmark CorporationTRMK

FY 2019 Earnings

Reported February 20, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$619M	—	$602M	—	2.9%
Op. Income	$174M	—	$172M	—	1.1%
Gross Margin	84.7%	—	86.2%	—	-1.5pp
Net Margin	24.3%	—	24.9%	—	-0.6pp
EPS (Diluted)	$2.32	—	$2.21	—	5.0%
Free Cash Flow	$86M	—	$211M	—	-59.4%

Revenue Flow

Item	Amount
REVENUE	$619M
Cost of Revenue	$95M
GROSS PROFIT	$524M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$254M
SG&A Expenses	$254M
Other Expenses	$96M
Operating Expenses	$351M
Cost & Expenses	$445M
OPERATING INCOME	$174M
Interest Income	$510M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$174M
Income Tax Expense	$23M
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	$174M
EBITDA	$213M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$619M
Cost of Revenue	$95M
GROSS PROFIT	$524M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$254M
SG&A Expenses	$254M
Other Expenses	$96M
Operating Expenses	$351M
Cost & Expenses	$445M
OPERATING INCOME	$174M
Interest Income	$510M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$174M
Income Tax Expense	$23M
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	$174M
EBITDA	$213M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$150M
Depreciation & Amortization	$39M
Stock-Based Compensation	$5M
Deferred Income Tax	-$4M
Other Non-Cash Items	-$57M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$116M
Capital Expenditure	-$31M
Acquisitions (Net)	-$347.0K
Purchases of Investments	-$181M
Sales/Maturities of Investments	$599M
Other Investing Activities	-$474M
NET CASH FROM INVESTING	-$74M
Net Debt Issuance	-$1M
Common Stock Repurchased	-$58M
Common Dividends Paid	-$60M
Other Financing Activities	$87M
NET CASH FROM FINANCING	-$33M
FREE CASH FLOW	$86M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$359M
Short-Term Investments	$1.6B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$221M
Goodwill	$380M
Intangible Assets	$87M
Long-Term Investments	$10.3B
Tax Assets	$0
Other Non-Current Assets	$562M
TOTAL NON-CURRENT ASSETS	$11.5B
TOTAL ASSETS	$13.5B
Account Payables	$0
Short-Term Debt	$313M
Deferred Revenue	$0
Other Current Liabilities	$11.2B
TOTAL CURRENT LIABILITIES	$11.6B
Long-Term Debt	$81M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$156M
TOTAL NON-CURRENT LIABILITIES	$279M
TOTAL LIABILITIES	$11.8B
Common Stock	$13M
Additional Paid-In Capital	$256M
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$24M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$13.5B
Total Debt	$436M
Net Debt	$77M