TRMK FY 2020 Earnings Report — Trustmark Corporation Revenue & Financial Results | Market Cap Arena

Trustmark CorporationTRMK

FY 2020 Earnings

Reported February 18, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$650M	—	$619M	—	4.9%
Op. Income	$190M	—	$174M	—	9.2%
Gross Margin	86.6%	—	84.7%	—	1.9pp
Net Margin	24.6%	—	24.3%	—	0.3pp
EPS (Diluted)	$2.51	—	$2.32	—	8.2%
Free Cash Flow	$35M	—	$86M	—	-59.7%

Revenue Flow

Item	Amount
REVENUE	$650M
Cost of Revenue	$87M
GROSS PROFIT	$563M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$278M
SG&A Expenses	$278M
Other Expenses	$95M
Operating Expenses	$373M
Cost & Expenses	$460M
OPERATING INCOME	$190M
Interest Income	$468M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$190M
Income Tax Expense	$30M
Net Income from Continuing Ops	$160M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$160M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$160M
D&A	$41M
EBIT	$190M
EBITDA	$231M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$650M
Cost of Revenue	$87M
GROSS PROFIT	$563M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$278M
SG&A Expenses	$278M
Other Expenses	$95M
Operating Expenses	$373M
Cost & Expenses	$460M
OPERATING INCOME	$190M
Interest Income	$468M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$190M
Income Tax Expense	$30M
Net Income from Continuing Ops	$160M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$160M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$160M
D&A	$41M
EBIT	$190M
EBITDA	$231M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$160M
Depreciation & Amortization	$41M
Stock-Based Compensation	$5M
Deferred Income Tax	-$20M
Other Non-Cash Items	-$85M
Change in Working Capital	-$36M
OPERATING CASH FLOW	$65M
Capital Expenditure	-$31M
Acquisitions (Net)	-$8M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$882M
Other Investing Activities	-$1.0B
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$122M
Common Stock Repurchased	-$29M
Common Dividends Paid	-$59M
Other Financing Activities	$2.7B
NET CASH FROM FINANCING	$2.7B
FREE CASH FLOW	$35M
Net Change in Cash	$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$2.0B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$225M
Goodwill	$385M
Intangible Assets	$74M
Long-Term Investments	$11.3B
Tax Assets	$0
Other Non-Current Assets	$621M
TOTAL NON-CURRENT ASSETS	$12.6B
TOTAL ASSETS	$16.6B
Account Payables	$0
Short-Term Debt	$306M
Deferred Revenue	$0
Other Current Liabilities	$14.0B
TOTAL CURRENT LIABILITIES	$14.4B
Long-Term Debt	$204M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$212M
TOTAL NON-CURRENT LIABILITIES	$456M
TOTAL LIABILITIES	$14.8B
Common Stock	$13M
Additional Paid-In Capital	$233M
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$16.6B
Total Debt	$550M
Net Debt	-$1.4B