Trustmark Corporation (TRMK)

Trustmark Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	843.31	775.31	473.63	400.5	417.45	448.53
Interest Income on Investments	110.16	103.52	68.2	42.01	50.89	61.96
Total Interest Income	953.47	878.83	541.83	442.51	468.34	510.49
Interest Paid on Deposits	334.29	245.95	29.07	16.95	37.49	79.17
Interest Paid on Borrowings	53.86	80	18.06	7.22	4.31	4.73
Total Interest Expense	388.15	325.95	47.13	24.16	41.8	83.9
Net Interest Income	565.32	552.88	494.71	418.35	426.54	426.59
Net Interest Income Growth (YoY)	0.46%	11.76%	18.25%	-1.92%	-0.01%	1.71%
Trust Income	36.59	35.09	35.01	35.19	31.63	30.68
Mortgage Banking Activities	24.76	26.22	28.31	63.75	125.82	29.82
Gain (Loss) on Sale of Investments	-190.4	-7.95	-6.21	-8.01	-5.7	-7.64
Other Non-Interest Income	115.35	110.18	105.88	97.74	90.56	91.59
Total Non-Interest Income	30.76	206.96	205.14	221.91	274.59	187.05
Non-Interest Income Growth (YoY)	-80.41%	0.88%	-7.56%	-19.19%	46.81%	1.20%
Revenues Before Loan Losses	596.08	759.84	699.85	640.26	701.13	613.63
Provision for Loan Losses	40.49	24.58	22.89	-24.45	45.05	10.84
Revenue	555.59	735.26	676.96	664.71	656.08	602.8
Revenue Growth (YoY)	-19.45%	8.61%	1.84%	1.31%	8.84%	2.64%
Salaries and Employee Benefits	296.41	298.51	282.56	272.95	262.76	242.93
Occupancy Expenses	29.89	29.48	29.26	27.04	26.49	26.15
Selling, General & Administrative	31.96	32.3	29.33	29.94	28.47	28.52
Other Non-Interest Expense	170.96	170.66	160.91	148.53	142.48	127.5
Total Non-Interest Expense	529.21	530.95	502.06	478.46	460.2	429
EBT Excluding Unusual Items	26.38	204.31	174.9	186.25	195.88	173.79
Asset Writedown	-0.47	-0.47	-0.4	-0.14	-1.7	-
Legal Settlements	-	-6.5	-100.75	-	-	-
Other Unusual Items	-	-	-	-5	-	-
Pretax Income	25.91	197.34	73.75	175.41	189.78	173.79
Income Tax Expense	-9.08	31.85	1.86	28.05	29.76	23.33
Net Income	202.82	165.49	71.89	147.37	160.03	150.46
Net Income to Common	202.82	165.49	71.89	147.37	160.03	150.46
Net Income Growth	112.82%	130.21%	-51.22%	-7.91%	6.36%	0.59%
Basic Shares Outstanding	61	61	61	63	64	65
Diluted Shares Outstanding	61	61	61	63	64	65
Shares Change (YoY)	0.25%	-0.33%	-2.45%	-1.06%	-1.74%	-4.27%
EPS (Basic)	3.32	2.71	1.17	2.35	2.52	2.33
EPS (Diluted)	3.30	2.70	1.17	2.34	2.51	2.32
EPS Growth	111.96%	130.77%	-50.00%	-6.77%	8.19%	4.98%
Dividend Per Share	0.920	0.920	0.920	0.920	0.920	0.920
Effective Tax Rate	-	16.14%	2.52%	15.99%	15.68%	13.43%

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