Trustmark Corporation (TRMK)

Trustmark Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	844.74	775.31	473.63	400.5	417.45
Interest Income on Investments	115.59	103.52	68.2	42.01	50.89
Total Interest Income	960.33	878.83	541.83	442.51	468.34
Interest Paid on Deposits	329.38	245.95	29.07	16.95	37.49
Interest Paid on Borrowings	46.53	80	18.06	7.22	4.31
Total Interest Expense	375.91	325.95	47.13	24.16	41.8
Net Interest Income	584.42	552.88	494.71	418.35	426.54
Net Interest Income Growth (YoY)	5.71%	11.76%	18.25%	-1.92%	-0.01%
Trust Income	37.25	35.09	35.01	35.19	31.63
Mortgage Banking Activities	26.63	26.22	28.31	63.75	125.82
Gain (Loss) on Sale of Investments	-190.42	-7.95	-6.21	-8.01	-5.7
Other Non-Interest Income	58.74	51.66	52.16	97.74	90.56
Total Non-Interest Income	-23.42	148.43	151.42	221.91	274.59
Non-Interest Income Growth (YoY)	-	-1.97%	-31.76%	-19.19%	46.81%
Revenues Before Loan Losses	561	701.31	646.13	640.26	701.13
Provision for Loan Losses	41.26	24.58	22.89	-24.45	45.05
Revenue	519.75	676.73	623.24	664.71	656.08
Revenue Growth (YoY)	-23.20%	8.58%	-6.24%	1.31%	8.84%
Salaries and Employee Benefits	259.02	262.12	249.36	272.95	262.76
Occupancy Expenses	29.13	28.51	27.99	27.04	26.49
Selling, General & Administrative	32.13	32	29.03	29.94	28.47
Other Non-Interest Expense	165.41	166.11	156.61	148.53	142.48
Total Non-Interest Expense	485.69	488.73	462.98	478.46	460.2
EBT Excluding Unusual Items	34.06	188	160.26	186.25	195.88
Asset Writedown	-	-0.47	-0.4	-0.14	-1.7
Legal Settlements	-	-6.5	-100.75	-	-
Other Unusual Items	-	-	-	-5	-
Pretax Income	34.06	181.03	59.11	175.41	189.78
Income Tax Expense	-11.15	27.74	-1.81	28.05	29.76
Earnings From Continuing Operations	45.21	153.29	60.92	147.37	160.03
Earnings From Discontinued Operations	177.8	12.2	10.97	-	-
Net Income	223.01	165.49	71.89	147.37	160.03
Net Income to Common	223.01	165.49	71.89	147.37	160.03
Net Income Growth	34.76%	130.21%	-51.22%	-7.91%	6.36%
Basic Shares Outstanding	61	61	61	63	64
Diluted Shares Outstanding	61	61	61	63	64
Shares Change (YoY)	0.25%	-0.33%	-2.45%	-1.06%	-1.74%
EPS (Basic)	3.65	2.71	1.17	2.35	2.52
EPS (Diluted)	3.65	2.70	1.17	2.34	2.51
EPS Growth	35.09%	130.99%	-50.06%	-6.77%	8.19%
Dividend Per Share	0.920	0.920	0.920	0.920	0.920
Effective Tax Rate	-	15.33%	-	15.99%	15.68%

Source: S&P Capital IQ. Banks template. Financial Sources.