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← CockpitCompetitor Analysis › TRMK Trustmark CorporationOpen in the cockpit ↗

Trustmark CorporationTRMKCompetitor analysis, valuation and peers

United States · USD·Financials›Regional Banks

Mississippi-based Southeast regional bank providing commercial, retail, wealth and insurance banking services.

Momentum neutral 49
Mkt cap
$2.58B
US dollars, full cap
Free float
92%
of shares outstanding
$/day
$19.5M
20-day average traded
P/B
1.25×
price to book
ROE
11.2%
delivered
Implied ROE
9.6%
what the price asks
Next earnings
81 days
26 Jan 2027
Close · USD$44.64
1D-0.2%
1W+0.9%
1M+0.2%
3M-5.6%
6M-0.2%
YTD+14.6%
1Y+16.9%
ATR %2.6%
Beta0.44
52w lowhigh8.9% off high

What Trustmark does

Mississippi-based Southeast regional bank providing commercial, retail, wealth and insurance banking services.

Earns most from the spread between loan yields and deposit costs, with home-mortgage lending, insurance commissions and wealth-management fees adding to income. It has operated from Jackson, Mississippi, for well over a century and has spread into neighboring states, including Texas.

Products and services

  • Commercial banking
  • Retail banking
  • Wealth management
  • Insurance

Customers

  • Southeast US small/mid businesses and consumers

Where it sits in the supply chain

  • Financial services
  • Regional banks
  • Southeast US community banking

What could go right

  • Southeast economic growth

What could go wrong

  • Commercial real estate exposure
  • Net interest margin compression

Moat: narrow (scale, distribution). Long-standing multi-state Southeast branch network and diversified insurance/wealth cross-sell.

Headquarters: Jackson, Mississippi, US · Founded: 1889 · Employees: 2,543

Named competitors

Trustmark at a glance

Size Trustmark (TRMK) is a United States Financials company (Regional Banks) with a market value of $2.58B, the 1632nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $44.64 on 6 Nov 2026.

Performance Over six months the shares fell 0.2%, against +6.2% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue fell 4.2% over the last twelve months (peer median +4.0%); the operating margin is 27.6% (peer median 37.3%).

Valuation It trades at 1.25× book value against a peer median of 1.04× (8th most expensive of 21).

Price implies The share price implies a return on equity of about 9.6%; Trustmark delivers 11.2%, so the price asks less than the business earns today.

Short interest Short interest is 6.4% of the free float (15 Oct 2026).

Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).

Relative performance

10010511011 May 202611 Aug 20266 Nov 2026Peer median 108TRMK 101
Six months, rebased to 100: Trustmark against the median of its 20 peers (local-currency closes).

Trustmark financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.09B$1.13B$984M$1.06B$789M
Revenue growth—+15%-7%+35%—
Net income$236M$224M$223M$165M$71.9M
Free cash flown/a$253M$69.8M$185M$118M
Capital expendituren/a$20.2M$28.6M$48.7M$34.0M
Total debt$684M$1.08B$850M$1.11B$1.72B

Quarterly statements and history in the cockpit →

Trustmark competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-10%0%+10%-10%0%+10%BBTBANR98898524601187FBNC0029589677SYBT23568358BOH2838MBINBDBCUBIBANCBUSE138930CUBTRMK6-month return →1-month return →
Up and to the right = strong over both horizons. Trustmark is the large dot.

Fundamentals: return on equity against price-to-book

6%8%10%12%14%0.50×10×1.50×20×BBTBANR98898524601187FBNC0029589677SYBT23568358BOH2838MBINBDBCUBIBANCBUSE138930CUBTRMKReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Trustmark is the large dot.

Capital: ROE delivered against the ROE the price implies

0%10%20%30%0%10%20%30%BBTBANR98898524601187FBNC0029588358BOH2838MBINCUBIBANCCUBTRMKROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Trustmark is the large dot.

Trustmark competitors and peer comparison

Head to head with its named competitors (TRMK vs RNST vs HWC vs RF)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Trustmark TRMK$2.58B0%-4%11%1.25×9.6%
Renasant RNST$3.55B-2%+20%9%0.93×9.5%
Hancock Whitney HWC$5.73B+4%-1%9%1.34×12.2%
Regions Financial RF$24.1B+2%+1%12%1.46×13.2%
Home BancShares HOMB$5.97B+12%+2%11%1.31×10.2%
Simmons First National SFNC$3.37B+10%+122%8%1.01×9.7%
First Horizon FHN$10.9B-6%-8%8%1.34×9.7%
Pinnacle Financial Partners PNFP$15.2B+3%+100%10%1.10×10.7%

How Trustmark compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Trustmark against its 20 peers (data as of 6 Nov 2026)
MeasureTRMKPeer medianRank in peer set
1-month return+0.2%-0.2%11th highest of 21
6-month return-0.2%+6.2%7th lowest of 21
Return on equity11.2%9.5%7th highest of 21
Price / book1.25×1.04×8th most expensive of 21
Trailing P/E11.2×11.6×9th cheapest of 19
ROE the price implies9.6%8.2%8th most demanding of 20
ROE delivered11.2%9.8%7th highest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Trustmark TRMKUnited States$2.58B0%-4%11%1.25×9.6%11.2%
Beacon Financial BBTUnited States$2.57B+6%+74%9%1.02×7.9%9.1%
Banner BANRUnited States$2.55B+7%+2%10%1.20×10.1%10.0%
Dongguan Rural Commercial Bank 9889.HKHong Kong$2.63B-14%0%7%0.29×3.7%6.6%
North Pacific Bank 8524.TJapan$2.50B+8%+25%7%1.02×8.1%7.1%
Xiamen Bank 601187.SSChina$2.67B-13%0%10%0.63×3.2%10.0%
First Bancorp FBNCUnited States$2.67B+10%+14%10%1.56×12.2%9.9%
Qingdao Rural Commercial Bank 002958.SZChina$2.47B-2%-9%8%0.41×2.5%7.9%
Weihai Bank 9677.HKHong Kong$2.70B+5%+6%9%0.64×4.5%9.2%
Stock Yards Bancorp SYBTUnited States$2.46B+10%+10%32%2.17×n/a32.4%
Dah Sing Banking 2356.HKHong Kong$2.45B+5%-8%8%0.53×5.5%7.5%
Suruga Bank 8358.TJapan$2.73B+10%+13%14%1.32×8.2%13.7%
Bank of Hawaii BOHUnited States$2.73B-13%+1%14%1.84×13.0%13.6%
Union Bank of Taiwan 2838.TWTaiwan$2.75B+2%-9%8%1.06×3.7%8.5%
Merchants Bancorp MBINUnited States$2.38B+12%0%14%1.23×12.6%13.6%
Banco di Desio e della Brianza BDB.MIItaly$2.37B+80%+2%9%1.41×12.0%9.0%
Customers Bancorp CUBIUnited States$2.82B+10%+8%14%1.29×14.7%13.6%
Banc of California BANCUnited States$2.86B-6%-14%0%1.00×8.6%-0.3%
First Busey BUSEUnited States$2.33B+8%+17%10%1.03×8.8%9.8%
BNK Financial 138930.KSSouth Korea$2.88B-31%+10%8%0.39×4.1%n/a
City Union Bank CUB.NSIndia$2.31B+8%+22%14%1.94×29.8%14.1%

Questions

Who are Trustmark's main competitors?
Named competitors: Renasant Corporation (RNST), Hancock Whitney (HWC), Cadence Bank (private or unlisted), Regions Financial (RF), Home BancShares (HOMB), Simmons First National (SFNC). The cockpit's measured peer set (industry) also includes Beacon Financial (BBT), Banner (BANR), Dongguan Rural Commercial Bank (9889.HK), North Pacific Bank (8524.T), Xiamen Bank (601187.SS), First Bancorp (FBNC).
Is Trustmark expensive compared with its peers?
On price / book it trades at 1.25× against a peer median of 1.04×, 8th most expensive of 21 in its peer set. The share price implies a return on equity of about 9.6%; Trustmark delivers 11.2%, so the price asks less than the business earns today.
How has Trustmark stock performed?
Over six months to 6 Nov 2026 the shares returned -0.2% against +6.2% for the median peer; over one year +16.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.