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Trustmark Corporation (TRMK) Fair Value & Analysis

Financial Services · US · Market cap $2.7B

TC Trustmark Corporation logo Trustmark Corporation TRMK · US
Price$47.42
Fair Value$49.72
Upside+4.9%
Quality64/100
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Healthy Growth
Highly profitable · 28.4% net margin
Low debt · generates free cash flow
2.04% dividend yield
Mixed vs. peers (6/15)
Wide moat 67/100
Evidence: High Range $37.29 – $62.15 Share as image

Fair value as of: Jul 19, 2026

From 6 valuation models · updated 21 days ago

Share price +5.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

$48.52 $17.79 Fair Value $49.72 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $17.79 – $48.52 · fair‑value band $37.29 – $62.15 · the $47.42 price screens below the $49.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Trustmark Corporation (TRMK) currently trades at $47.42, while our model-based Fair Value estimate is $49.72, implying the stock looks roughly 4.9% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Trustmark Corporation generated revenue of $798M at a net margin of 28.4%. Revenue grew 5.7% year over year. It earns a return on equity of 10.9%. Net debt stands at $448M. Fundamentals as of Jul 19, 2026

Our scenario range runs from $37.29 (bear case) to $62.15 (bull case); at $47.42, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 5%, TRMK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $31.78 $35.51 $56.99 76
Gordon GGM $8.76 $15.83 $24.79 70
P/E Multiple $37.29 $49.72 $62.15 63
All 6 models by family
Dividend Discount
Gordon GGM $8.76 $15.83 $24.79 70
DDM Multi-Stage $8.76 $13.03 $17.48 61
Multiples
P/E Multiple $37.29 $49.72 $62.15 63
P/B Multiple $38.01 $50.68 $63.35 55
Asset-Based
NCAV (Graham) $18.10 $24.26 $36.20 50
Economic Profit
Residual Income $31.78 $35.51 $56.99 76

Widest divergence: Multiples ($49.72) versus Dividend Discount ($13.03). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $798M
Revenue growth (YoY) +5.7%
Net margin 28.4%
Return on equity 10.9%
Free cash flow $232M FY2025
P/E ratio 12.4
More key figures
Operating margin 34.0%
EPS (TTM) $3.77
Dividend yield 2.0%
EPS growth (YoY) +8.0%
Net debt $448M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 57 · Market factors (momentum, volatility) 72

Profitability 32
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 91
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. It operates through General Banking and Wealth Management segments.

Full company description

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. It operates through General Banking and Wealth Management segments. The company offers checking, savings and money market accounts, and certificates of deposit, as well as certificates of deposit and individual retirement accounts; and treasury management services. It also provides loans comprising financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans and lines of credit. In addition, the company offers mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing; wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and institutional custody for large governmental entities and foundations, financial and estate planning, and retirement plan services. Further, it provides an intermediary vehicle for the provision of loans or investments in low-income communities. Trustmark Corporation was founded in 1889 and is headquartered in Jackson, Mississippi.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Trustmark Corporation reported revenue of $1.1B in FY2025 versus $568M in FY2021, a compound +18.5%/yr. Reported net income was $224M in FY2025, compounding +11.1%/yr from FY2021.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$1.1B
Latest YoY
+34.8%
Avg. growth/yr (3Y)
+24.3%
Avg. growth/yr (5Y)
+11.5%
Avg. growth/yr (35Y)
+3.5%
Revenue +18.5%/yr
FY21 $568M
FY22 $583M
FY23 $760M
FY24 $831M
FY25 $1.1B
Net income +11.1%/yr
FY21 $147M
FY22 $71.9M
FY23 $165M
FY24 $223M
FY25 $224M

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Cite: Fair Value Calculator (2026). "Trustmark Corporation Fair Value". https://www.fairvalue-calculator.com/stock/TRMK

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Banks - Regional · 1083 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside +5% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 1% · Above median
Net margin (TTM) 28% · Below median
Operating margin (TTM) 34% · Below median
Revenue growth 6% · Below median
Dividend yield (TTM) 2.0% · Below median
Debt / equity 0.22× · Lower than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 12.4× · Pricier than median
P/B 1.29× · Pricier than median
P/S (TTM) 3.44× · Pricier than median
P/FCF 11.8× · Pricier than median
EV/EBITDA 7.8× · Cheaper than median
PEG 2.29× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 40 · sector 39
FUTURE 29 · sector 44
PAST 44 · sector 41
HEALTH 89 · sector 85
DIVIDEND 41 · sector 49

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Trustmark Corporation (TRMK) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $49.72 versus a price of $47.42, about +5% (fairly valued).
What is the fair value of TRMK?
Our model-based fair value for Trustmark Corporation is $49.72 (as of Jul 19, 2026), built from audited fundamentals. The current price is $47.42.
What is the quality score of TRMK?
Trustmark Corporation has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Trustmark Corporation (TRMK)?
Trustmark Corporation reported trailing-twelve-month revenue of about $798M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of TRMK?
The net profit margin of Trustmark Corporation is about 28.4%, meaning it keeps roughly 28.4% of revenue as net income. Based on the latest reported figures.
Does Trustmark Corporation pay a dividend?
Trustmark Corporation currently shows a dividend yield of about 2.26% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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