Short answer
TRUSTMARK CORP (TRMK) filed its fiscal 2025 10-K annual report with the SEC on Feb 23, 2026. It reported revenue of $949M (−1.2% year over year) and net income of $224M.
- Top risk flagged: Regulatory risk: DOJ enforcement of Equal Credit Opportunity Act and fair lending laws threatens civil penalties and restrictions on mergers or expansion
FY2025 key financial metrics · XBRL
- Revenue
- $949M
- −1.2% YoY
- Net income
- $224M
- +0.5% YoY
- EPS (diluted)
- $3.70
- +1.9% YoY
- ROE
- 10.6%
- −0.8 pp YoY
- Operating cash flow
- $244M
- +108.6% YoY
Source: XBRL data from the TRUSTMARK CORP (TRMK) FY2025 10-K on SEC EDGAR. USD.
TRUSTMARK CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model not detailed; filing primarily references proxy statement filings for executive compensation and ownership
- No new products, services, or business segments introduced or emphasized in this filing
- No strategic shifts or changes in competitive positioning discussed in this section
- No quantitative metrics such as employee count, R&D spend, or market share disclosed here
- Filing distinctive for relying entirely on incorporation by reference to upcoming Proxy Statement for critical business and governance information
Management Discussion & Analysis
- Revenue $799.8M in 2025, up 42.6% YoY vs $561.0M in 2024; driven by net interest income growth and noninterest income increase
- Net interest income $636.1M, up 8.8% YoY; interest expense down 16.9% to $312.5M, interest on deposits down 16.6%
- Operating margin improvement via net interest margin and wealth management: net income $224.1M in 2025 vs $223.0M in 2024, ROATE 12.97% vs 15.20%, ROA 1.21% vs 1.20%
- Best segment: mortgage banking net income up 24.2% to $33.1M; worst segment: other, net down 24.7% to $13.4M due to fair value adjustments
- Cash flow: $175M subordinated notes issued, $125M notes repaid; dividend increased 4.2% to $0.25/share; capex details not disclosed
- Management outlook: positioned to compete amid changing conditions, continuing tech investments; key risk includes macroeconomic forecast impacting credit losses
Risk Factors
- Regulatory risk: DOJ enforcement of Equal Credit Opportunity Act and fair lending laws threatens civil penalties and restrictions on mergers or expansion
- Macroeconomic risk: Exposure to US recession risk causing higher loan delinquencies and credit losses in Trustmark’s domestic customer base
- Operational risk: Potential ineffective hedging of mortgage servicing rights due to model inaccuracies and counterparty risks in derivative contracts
- Competitive risk: Fintech disruption from blockchain and distributed ledger technologies challenging Trustmark’s traditional banking model
- Financial risk: Capital adequacy pressures to maintain Basel III common equity Tier 1 ratio minimum 7.0% and leverage ratio minimum 4.0%
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.