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Trustmark (Trustmark) Net Interest Margin (Bank Only) % : 3.39% (As of Dec. 2023)


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What is Trustmark Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Trustmark's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $547.0 Mil. Trustmark's average earning assets for the quarter that ended in Dec. 2023 was $16,117.5 Mil. Therefore, Trustmark's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 3.39%.


Trustmark Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Trustmark's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Trustmark Net Interest Margin (Bank Only) % Chart

Trustmark Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.61 3.39 3.06 3.32 3.46

Trustmark Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.47 3.50 3.46 3.39 3.36

Competitive Comparison of Trustmark's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Trustmark's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Trustmark's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Trustmark's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Trustmark's Net Interest Margin (Bank Only) % falls into.



Trustmark Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Trustmark's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=552.878/( (15741.647 + 16185.126)/ 2 )
=552.878/15963.3865
=3.46 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=4 + 12219.051 + 3518.596
=15741.647

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 12995.969 + 3189.157
=16185.126

Trustmark's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Sep. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=546.968/( (16049.933 + 16185.126)/ 2 )
=546.968/16117.5295
=3.39 %

where

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 12845.472 + 3204.461
=16049.933

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 12995.969 + 3189.157
=16185.126

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Trustmark  (NAS:TRMK) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Trustmark Net Interest Margin (Bank Only) % Related Terms

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Trustmark (Trustmark) Business Description

Industry
Traded in Other Exchanges
Address
248 East Capitol Street, Jackson, MS, USA, 39201
Trustmark Corp with over $12 billion in assets and more than 200 branches, Trustmark provides banking, insurance, and wealth management services in Mississippi, Alabama, Memphis, Houston, and the Florida Panhandle. Roughly 65% of its loans are in Mississippi, 12% in Houston, 10% in Alabama, and the rest are split between Memphis and Florida. Around three-fourths of its revenue comes from general banking, while insurance and wealth management services combine for roughly 10%.
Executives
Richard H Puckett director PO BOX 3170, JACKSON MS 39207
Marcelo L Eduardo director P. O. BOX 291, JACKSON MS 39205-0291
Adolphus B Baker director P. O. BOX 2960, JACKSON MS 39207
Tracy T Conerly director 10 BALLAMORE ROAD, MIRAMAR BEACH FL 32550
Gerard R Host other: Owned Subsidiary PO BOX 291, JACKSON MS 39205
Chambers George T. Jr. officer: Principal Accounting, Officer P. O. BOX 291, JACKSON MS 39205-0291
Augustus L Collins director C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVENUE, NEWPORT NEWS VA 23607
Harry M Walker other: Owned Subsidiary PO BOX 291, JACKSON MS 39205
Maria Luisa Sugay officer: Exec VP & Co-Treasurer P. O. BOX 291, JACKSON MS 39205-0291
Breck W Tyler officer: Executive Officer of P. O. BOX 291, JACKSON MS 39205
Charles Scott Woods other: Wholly Owned Subsidiary P. O. BOX 291, JACKSON MS 39205
Robert B Harvey officer: Executive Officer of P. O. BOX 291, JACKSON MS 39205-0291
David C Kennedy officer: Executive Vice President & P. O. BOX 291, JACKSON MS 39205-0291
Walker Leroy G Jr director 2310 HIGHWAY 80 WEST, STE 3160, JACKSON MS 39204
Joseph T Sarci officer: Executive Vice President & CIO 248 E CAPITOL STREET, JACKSON MS 39201