TRMK FY 2021 Earnings Report — Trustmark Corporation Revenue & Financial Results | Market Cap Arena

Trustmark CorporationTRMK

FY 2021 Earnings

Reported February 17, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$568M	—	$650M	—	-12.6%
Op. Income	$175M	—	$190M	—	-7.6%
Gross Margin	100.1%	—	86.6%	—	13.4pp
Net Margin	26.0%	—	24.6%	—	1.3pp
EPS (Diluted)	$2.34	—	$2.51	—	-6.8%
Free Cash Flow	$318M	—	$35M	—	820.1%

Revenue Flow

Item	Amount
REVENUE	$568M
Cost of Revenue	-$288.0K
GROSS PROFIT	$568M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$290M
SG&A Expenses	$290M
Other Expenses	$103M
Operating Expenses	$393M
Cost & Expenses	$392M
OPERATING INCOME	$175M
Interest Income	$443M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$175M
Income Tax Expense	$28M
Net Income from Continuing Ops	$147M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$147M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$147M
D&A	$46M
EBIT	$175M
EBITDA	$221M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$568M
Cost of Revenue	-$288.0K
GROSS PROFIT	$568M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$290M
SG&A Expenses	$290M
Other Expenses	$103M
Operating Expenses	$393M
Cost & Expenses	$392M
OPERATING INCOME	$175M
Interest Income	$443M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$175M
Income Tax Expense	$28M
Net Income from Continuing Ops	$147M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$147M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$147M
D&A	$46M
EBIT	$175M
EBITDA	$221M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$147M
Depreciation & Amortization	$46M
Stock-Based Compensation	$6M
Deferred Income Tax	$20M
Other Non-Cash Items	$68M
Change in Working Capital	$62M
OPERATING CASH FLOW	$349M
Capital Expenditure	-$31M
Acquisitions (Net)	$0
Purchases of Investments	-$2.2B
Sales/Maturities of Investments	$1.0B
Other Investing Activities	$158M
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	-$21M
Common Stock Repurchased	-$62M
Common Dividends Paid	-$58M
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$971M
FREE CASH FLOW	$318M
Net Change in Cash	$314M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$3.2B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.5B
PP&E (Net)	$237M
Goodwill	$384M
Intangible Assets	$93M
Long-Term Investments	$10.8B
Tax Assets	$100M
Other Non-Current Assets	$473M
TOTAL NON-CURRENT ASSETS	$12.1B
TOTAL ASSETS	$17.6B
Account Payables	$0
Short-Term Debt	$323M
Deferred Revenue	$0
Other Current Liabilities	$15.1B
TOTAL CURRENT LIABILITIES	$15.4B
Long-Term Debt	$185M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$216M
TOTAL NON-CURRENT LIABILITIES	$444M
TOTAL LIABILITIES	$15.9B
Common Stock	$13M
Additional Paid-In Capital	$176M
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$33M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$17.6B
Total Debt	$551M
Net Debt	-$1.7B