Trustmark Bank Stock Performance and Financial Overview

Trustmark Bank has a strong track record of stability, with a 5-year average return on equity of 11.4%. This is a testament to the bank's ability to generate consistent profits.

Trustmark Bank's revenue has been steadily increasing over the years, with a 5-year compound annual growth rate of 6.7%. This growth is largely driven by the bank's expansion into new markets.

In terms of financial performance, Trustmark Bank has consistently exceeded industry averages in key metrics such as return on assets and return on equity. This is a result of the bank's focus on efficient operations and prudent lending practices.

The bank's asset quality is also a key strength, with a non-performing loan ratio of just 0.7% as of 2022. This is a significant improvement from the 1.3% ratio in 2018, demonstrating the bank's ability to manage risk and maintain a healthy loan portfolio.

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Trustmark bank stock has seen significant growth over the years, with its market cap increasing by 39.63% since December 1, 1998.

This impressive growth can be attributed to a compound annual growth rate of 1.28%, a steady and consistent rate of increase that has contributed to the bank's success.

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In the competitive landscape of our industry, there are several key players to consider.

Amazon Web Services (AWS) is a major competitor, offering a range of cloud computing services that are widely used by businesses of all sizes.

Microsoft Azure is another significant competitor, providing a robust set of cloud-based tools and services that are often compared to AWS.

Google Cloud Platform (GCP) is a notable player, offering a range of cloud services that are popular among developers and businesses.

IBM Cloud is a competitor that offers a range of cloud-based services, including infrastructure, platform, and software as a service.

Oracle Cloud is also a competitor that offers a range of cloud-based services, including infrastructure, platform, and software as a service.

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In the United States, Trustmark Corporation saw steady sales growth from 2020 to 2023.

The sales figures for the United States were $665M in both 2020 and 2021.

A notable increase occurred in 2022, with sales reaching $677M.

By 2023, sales had risen to $735M.

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Trustmark bank stock has shown some impressive financial performance over the years. In 2024, the company's revenue was $519.75 million, a decrease of -23.20% compared to the previous year's $676.73 million.

Earnings were $223.01 million, an increase of 34.76%. This shows that despite a decline in revenue, the company was still able to increase its earnings.

Here's a brief overview of Trustmark's financial performance:

Trustmark's market cap has seen a significant increase since December 1, 1998, growing from $1.59B to $2.22B.

This represents a 39.63% increase over the years, which translates to a compound annual growth rate of 1.28%.

The steady growth in market cap is a testament to the company's financial stability and long-term success.

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Trustmark's revenue took a hit in 2024, decreasing by 23.20% to $519.75 million compared to the previous year's $676.73 million.

The company's earnings, however, saw a significant increase of 34.76% to $223.01 million.

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Here's a breakdown of Trustmark's financial performance over the years:

Over the past five years, Trustmark's revenue has grown by 38.49%, and its earnings have increased by a significant margin as well.

The company's market cap has also seen a steady increase since 1998, growing from $1.59 billion to $2.22 billion, a 39.63% increase.

TRMK's price volatility is relatively low compared to the US market. The bank's stock has shown a stable share price with minimal significant price changes in the past 3 months.

TRMK's weekly volatility has been stable over the past year, averaging 4%. In comparison, the market average movement is 6.1%.

To put this into perspective, the 10% least volatile stocks in the US market have an average weekly movement of 3.1%, while the 10% most volatile stocks have an average weekly movement of 17.5%.

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In the world of investing, understanding risk is crucial to making informed decisions. A dividend of 2.62% is either not well covered by earnings currently or not forecast to be covered, which is a red flag.

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This can be a major concern because it may indicate that the company is struggling to maintain its dividend payments. The dividend yield is a key metric for investors, and a low or declining yield can be a warning sign.

A yield of 2.62% may not be sustainable in the long term, and investors should be cautious when considering this stock. It's essential to carefully evaluate the company's financial health and dividend history before making a decision.

Investors should also be aware of the potential risks associated with this stock, including the possibility of a dividend cut. A dividend cut can have a significant impact on the stock price, and investors should be prepared for this possibility.

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TRMK's price volatility is a crucial factor to consider when evaluating the stock's risk. The company's average weekly movement of 3.6% is actually lower than the banks industry average movement of 3.8%. This suggests that TRMK's price is relatively stable.

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However, it's essential to put this into perspective by comparing it to the overall market. The market average movement is 6.1%, which is significantly higher than TRMK's average weekly movement. This indicates that TRMK's price is less volatile than the broader market.

Here's a comparison of TRMK's volatility with other stocks in the US market:

TRMK's weekly volatility has actually been stable over the past year, with a movement of 4%. This suggests that the company's price is relatively stable and not prone to sudden fluctuations.

Trustmark Bank stock has shown steady growth over the years, with a compound annual growth rate (CAGR) of 9.2% from 2015 to 2020.

The bank's strong financial position is a key factor in its success, with a return on equity (ROE) of 12.5% in 2020. This is significantly higher than the industry average.

Trustmark Bank's focus on building long-term relationships with its customers has helped the bank maintain a loyal customer base.

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As an investor, it's essential to understand how your investments are performing compared to the broader market and industry. TRMK, for instance, has delivered impressive returns over the past year, exceeding both the US Banks industry and the US Market.

In the past 7 days, TRMK returned 0.2%, which is a relatively modest gain, but still outpaced the US Market's decline of 1.4%.

Here's a summary of TRMK's performance compared to the US Banks industry and the US Market over the past year:

TRMK's 37.9% return over the past year is a significant gain, and it's worth noting that it exceeded the US Banks industry's return of 30.5%.

Trustmark Corporation has received attention from various analysts, with Janney initiating coverage at a Buy rating with a price target of $42.

Janney's recommendation is one of several updates to Trustmark's stock price forecast. In fact, Truist Securities has made multiple changes to their price target over the past few months.

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Truist raised their price target on Trustmark to $36 from $35, while also keeping a Hold rating. This change was made on October 24, 2024.

On the other hand, Truist lowered their price target to $35 from $37, also keeping a Hold rating. This change was made on September 20, 2024.

Truist has also made upward revisions to their price target, raising it to $37 from $31 on July 25, 2024. Just a few weeks prior, they trimmed their price target to $31 from $32 on July 8, 2024.

Here's a summary of the changes to Truist's price target:

According to 6 analysts, the average rating for TRMK stock is "Buy."

Trustmark Bank stock investors should be aware of the company's financial results announcements.

Trustmark Corporation announced its fourth quarter and fiscal year 2024 financial results on January 28.

The company released three press releases on the same day, including a Q4 earnings snapshot and a presentation of the financial results.

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Trustmark Corporation also announced that it would conduct an earnings conference call on January 29.

Here are the key dates related to Trustmark's financial results announcements:

Trustmark Corporation announced its third quarter 2024 financial results on November 7.

Trustmark Corporation's share price hasn't recovered significantly despite growing deposits.

The company's wide array of banking services, including commercial and consumer banking, may be a positive aspect, but it's not enough to boost the stock price.

Trustmark Corporation is set to announce its second quarter financial results on July 25, which could potentially impact the stock price.

Keep in mind that the company's financial performance will be discussed during the earnings conference call on July 26.

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