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Trustmark (TRMK) Company Profile

Updated Jun 2, 2020
Trustmark has the following business profile:
Company's Full Name:Trustmark Corporation
Short Name:Trustmark
Trading Ticker Symbol:TRMK
Primary Exchange:NASDAQ
Headquarter City/Country:Mississippi, MS
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Trustmark stock

Market and Trading Information for Trustmark

The following details were available for trading and market data about the stock of Trustmark as of writing:
Current Share Price:$23.15
Previous Year's Closing Price:$34.51
Percentage Price Change (YTD):-32.92%
Market Cap:$1.47 billion
52-week Price Range:$20.26 - $36.04
Dividend Per Share:$0.92
EPS (TTM):2.17
Price-Earnings (Trailing):10.69
Price-Earnings (Forward):15.97

Company Profile and Business Description for Trustmark

Trustmark Corporation, incorporated on August 5, 1968, is a bank holding company. The Company's principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. The Company operates through three segments: General Banking, Wealth Management and Insurance. The General Banking Division is responsible for all traditional banking products and services, including loans and deposits. The General Banking Division also consists of internal operations, such as human resources, executive administration, treasury (funds management), public affairs and corporate finance. The Wealth Management Division provides customized solutions for customers by integrating financial services with traditional banking products and services, such as money management, full-service brokerage, financial planning, personal and institutional trust and retirement services. Through Fisher Brown Bottrell Insurance, Inc. (FBBI), a subsidiary of TNB, the Company's Insurance Division provides a range of retail insurance products, including commercial risk management products, bonding, group benefits and personal lines coverage.

TNB provides a range of commercial banking services to corporations and other business customers. Loans are provided for a range of general corporate purposes, including financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate and construction and land development. TNB also provides deposit services, including checking, savings and money market accounts and certificates of deposit, as well as treasury management services. TNB provides banking services to consumers, including checking, savings and money market accounts, as well as certificates of deposit and individual retirement accounts. In addition, TNB provides consumer customers with installment and real estate loans and lines of credit. TNB provides mortgage banking services, including construction financing, production of conventional and government insured mortgages, secondary marketing and mortgage servicing. TNB provides an array of insurance solutions for business and individual risk management needs. Business insurance offerings include services and specialized products for medical professionals, construction, manufacturing, hospitality, real estate and group life and health plans. Individual customers are also provided life and health insurance, and personal line policies.

TNB offers specialized services in the areas of wealth management, trust, investment and custodial services for corporate and individual customers. These services include the administration of personal trusts and estates, as well as the management of investment accounts for individuals, employee benefit plans and charitable foundations. TNB also provides corporate trust and institutional custody, securities brokerage, financial and estate planning and retirement plan services. TNB's wealth management division is also assisted by Trustmark Investment Advisors, Inc. (TIA), a Securities and Exchange Commission (SEC)-registered investment advisor and a subsidiary of TNB. TIA provides customized investment management services to TNB's Wealth Management Division. TNB provides an intermediary vehicle for the provision of loans or investments in Low-Income Communities (LICs) through its subsidiary Southern Community Capital, LLC (SCC). SCC provides investment capital for LICs or for Low-Income Persons (LIPs).

Lending Activities

The Company categorizes loans into various categories, such as Loans Held for Investment (LHFI), which include loans originally underwritten by the Company that do not constitute loans held for sale, acquired loans or covered loans; Loans Held for Sale (LHFS), which include mortgage loans purchased from wholesale customers or originated in the Company's General Banking Division, other than mortgage loans that are retained in the LHFI portfolio based on banking relationships or certain investment strategies; Acquired Loans, which consists of loans acquired by the Company, either pursuant to the acquisition of another bank or pursuant to an acquisition of some or of another bank's loan portfolio, and Covered Loans, which includes loans that the Company acquired in a Federal Deposit Insurance Corporation (FDIC)-assisted transaction and that are covered under a loss-share agreement with the FDIC. Its construction and land development loans include loans for both commercial and residential properties to builders/developers and to consumers. Residential real estate loans consist of first and junior liens on residential properties that are extended in the geographic markets in which the Company operates, as well as mortgage products, originated and purchased, that are underwritten to secondary market standards. It provides financing for both owner-occupied commercial real estate, as well as income-producing commercial real estate. Consumer credit includes loans to individuals for household and personal items, automobile purchases, unsecured loans, personal lines of credit and credit cards. Its other loans primarily consist of loans to non-depository financial institutions, such as mortgage companies, finance companies and other financial intermediaries, loans to state and political subdivisions, and loans to non-profit and charitable organizations. As of December 31, 2016, the Company's total LHFS amounted to $175 million and total LHFI amounted to $7850 million.

Investment Activities

The Company's securities available for sale consists of the United States Treasury securities, the United States Government agency obligations, obligations of states and political subdivisions, mortgage-backed securities and asset-backed securities and structured financial products. As of December 31, 2016, the Company's total securities available for sale amounted to $2,366.16 million and total securities held to maturity amounted to $1,158.64 million.

Sources of Funds

The Company's deposits are its primary source of funding and consist of core deposits from the communities that it serves. Its deposits include interest-bearing and noninterest-bearing demand accounts, savings, money market, certificates of deposit and individual retirement accounts. Its short-term borrowings consist primarily of federal funds purchased, securities sold under repurchase agreements, short-term Federal Home Loan Bank (FHLB) advances and the Government National Mortgage Association (GNMA) optional repurchase loans. As of December 31, 2016, the Company's total deposits amounted to $10.05 billion.

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ETFs Holding Trustmark Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Trustmark stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Trustmark stock holding. There are a total of 77 ETFs in Fknol.com records which are holding Trustmark stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
Quarterly
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
Quarterly
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
Quarterly
IEFNiShares Evolved US Financials ETFThe iShares Evolved U.S. Financials ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the financial sector, according to an alternative classification system defined by machine learning algorithms. ...Full Details0.18%254
Full List
Annually
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IUSViShares Core S&P US Value ETFiShares Core S&P U.S. Value ETF aims to track an index of U.S. large-, mid- and small-cap value stocks. The index selects from stocks ranked 1-3000 by market cap based on 3 factors. ...Full Details0.04%672
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
IYFiShares US Financials ETFThe iShares Dow Jones U.S. Financials ETF tracks the performance of a market-cap-weighted index of US financial companies. ...Full Details0.43%290
Full List
Quarterly
IYGiShares US Financial Services ETFThe iShares Dow Jones U.S. Financial Services ETF invests in a market-cap-weighted subset of US stocks consisting exclusively of financial service firms. ...Full Details0.43%122
Full List
Quarterly

See Full List of ETFs holding Trustmark stock in their respective portfolios.

Peer / Competitor Companies of Major Banks Sector

Along with Trustmark Corporation, the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile,  Dividend History

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile,  Dividend History

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile,  Dividend History

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile,  Dividend History

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile,  Dividend History

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile,  Dividend History

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile,  Dividend History

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile,  Dividend History

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile,  Dividend History

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile,  Dividend History

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile,  Dividend History

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile,  Dividend History

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile,  Dividend History

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile,  Dividend History

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile,  Dividend History

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile,  Dividend History

▶ BancorpSouth (BXS): BancorpSouth, Inc., incorporated on February 17, 1982, is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations ....See Detailed Company Profile,  Dividend History

▶ Bank of America (BAC): Bank of America Corporation, incorporated on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The Company is a financial institution, serving individual consumers, small- ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

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