TRMK FY 2024 Earnings Report — Trustmark Corporation Revenue & Financial Results | Market Cap Arena

Trustmark CorporationTRMK

FY 2024 Earnings

Reported February 19, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$831M	—	$916M	—	-9.3%
Op. Income	$34M	—	$181M	—	-81.2%
Gross Margin	49.8%	—	61.7%	—	-11.9pp
Net Margin	26.8%	—	18.1%	—	8.8pp
EPS (Diluted)	$3.63	—	$2.70	—	34.4%
Free Cash Flow	$88M	—	$148M	—	-40.4%

Revenue Flow

Item	Amount
REVENUE	$831M
Cost of Revenue	$417M
GROSS PROFIT	$414M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$285M
SG&A Expenses	$285M
Other Expenses	$95M
Operating Expenses	$380M
Cost & Expenses	$797M
OPERATING INCOME	$34M
Interest Income	$960M
Interest Expense	$376M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	-$11M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$178M
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$38M
EBIT	$34M
EBITDA	$72M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$831M
Cost of Revenue	$417M
GROSS PROFIT	$414M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$285M
SG&A Expenses	$285M
Other Expenses	$95M
Operating Expenses	$380M
Cost & Expenses	$797M
OPERATING INCOME	$34M
Interest Income	$960M
Interest Expense	$376M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	-$11M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$178M
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$38M
EBIT	$34M
EBITDA	$72M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$223M
Depreciation & Amortization	$38M
Stock-Based Compensation	$0
Deferred Income Tax	$24M
Other Non-Cash Items	-$53M
Change in Working Capital	-$115M
OPERATING CASH FLOW	$117M
Capital Expenditure	-$29M
Acquisitions (Net)	$321M
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	-$165M
NET CASH FROM INVESTING	$285M
Net Debt Issuance	-$200M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$57M
Other Financing Activities	-$543M
NET CASH FROM FINANCING	-$810M
FREE CASH FLOW	$88M
Net Change in Cash	-$408M

Balance Sheet

Item	Amount
Cash & Equivalents	$567M
Short-Term Investments	$1.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$270M
Goodwill	$335M
Intangible Assets	$139M
Long-Term Investments	$14.5B
Tax Assets	$0
Other Non-Current Assets	$682M
TOTAL NON-CURRENT ASSETS	$15.9B
TOTAL ASSETS	$18.2B
Account Payables	$0
Short-Term Debt	$422M
Deferred Revenue	$0
Other Current Liabilities	$15.1B
TOTAL CURRENT LIABILITIES	$15.5B
Long-Term Debt	$386M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$232M
TOTAL NON-CURRENT LIABILITIES	$660M
TOTAL LIABILITIES	$16.2B
Common Stock	$13M
Additional Paid-In Capital	$158M
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$84M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$18.2B
Total Debt	$850M
Net Debt	$283M