Trustmark Corporation (TRMK) Balance Sheet
TRMK balance sheet, 2025
December 31, 2025 · U.S. dollars$18.93B assets = $16.80B liabilities + $2.12B equity
Both columns are drawn to the same scale: what TRMK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TRMK financial health
Descriptive bands, not a rating. Fiscal 2025.
TRMK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $13.35B2016 | $18.93B2025 | +4.0%/yr | |
| Total liabilities | $11.83B2016 | $16.80B2025 | +4.0%/yr | |
| Shareholders’ equity | $1.52B2016 | $2.12B2025 | +3.8%/yr | |
| Cash & short-term investments | $2.68B2016 | $2.54B2025 | −0.6%/yr | |
| Total debt | $1.62B2016 | $1.12B2025 | −4.1%/yr | |
| Net cash (debt) | $1.06B2016 | $1.43B2025 | +$366.9M | |
| Working capital | −$8.68B2016 | −$936.7M2025 | +$7.7B | |
| Book value per share | $22.432016 | $35.042025 | +5.1%/yr | |
| Debt / equity | 1.072016 | 0.532025 | −0.54 | |
| Shares outstanding | 67.8M2016 | 60.5M2025 | −1.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TRMK assets
TRMK liabilities and equity
TRMK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TRMK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.54B | $2.26B | $2.74B | $2.76B | $5.51B | $3.94B | $1.96B | $2.16B | $2.57B | $2.68B |
| Cash & equivalents | $668.0M | $567.3M | $975.3M | $734.8M | $2.27B | $1.95B | $358.9M | $349.6M | $335.8M | $327.7M |
| Short-term investments | $1.88B | $1.69B | $1.76B | $2.02B | $3.24B | $1.99B | $1.60B | $1.81B | $2.24B | $2.36B |
| Receivables | $0 | $0 | $0 | $12.21B | $10.24B | $9.77B | $79.4M | $95.6M | $84.3M | $83.9M |
| Inventory | $0 | $0 | $0 | $2.0M | $4.6M | $11.7M | $29.2M | $34.7M | $43.2M | $62.1M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2.54B | $2.26B | $2.74B | $2.76B | $5.51B | $3.94B | $1.96B | $2.16B | $2.58B | $2.68B |
| Property, plant & equipment (net) | $257.8M | $270.1M | $266.7M | $248.7M | $236.5M | $225.0M | $221.0M | $178.2M | $178.4M | $179.2M |
| Goodwill & intangible assets | $465.9M | $474.0M | $466.7M | $517.6M | $477.0M | $459.1M | $466.4M | $486.3M | $480.3M | $467.1M |
| Long-term investments | $3.08B | $3.03B | $3.19B | $3.52B | $3.58B | $2.99B | $11.85B | $2.72B | $3.30B | $3.52B |
| Other non-current assets | $12.57B | $12.12B | $12.06B | $10.97B | $7.79B | $8.93B | $0 | $7.74B | $7.27B | $6.51B |
| Total assets | $18.93B | $18.15B | $18.72B | $18.02B | $17.60B | $16.55B | $13.50B | $13.29B | $13.80B | $13.35B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $14.44B | $15.09B | $14.05B | $11.25B | $11.36B | $10.58B | $10.06B |
| Short-term debt | $445.0M | $421.6M | $484.6M | $520.1M | $323.0M | $305.7M | $313.1M | $191.0M | $1.44B | $1.31B |
| Total current liabilities | $3.48B | $15.53B | $16.05B | $14.96B | $15.41B | $14.35B | $11.56B | $11.56B | $12.02B | $11.37B |
| Long-term debt | $458.8M | $385.6M | $585.4M | $1.24B | $275.9M | $353.0M | $147.3M | $61.9M | $61.9M | $61.9M |
| Lease obligations | $39.7M | $42.6M | $45.9M | $38.9M | $36.5M | $32.3M | $41.9M | — | — | — |
| Other long-term liabilities | $12.86B | $274.7M | $420.6M | $329.4M | $168.2M | $103.3M | $131.3M | $77.7M | $146.0M | $404.7M |
| Total liabilities | $16.80B | $16.19B | $17.06B | $16.52B | $15.85B | $14.81B | $11.84B | $11.70B | $12.23B | $11.83B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $12.3M | $12.7M | $12.7M | $12.7M | $12.8M | $13.2M | $13.4M | $13.7M | $14.1M | $14.1M |
| Retained earnings (deficit) | $2.04B | $1.88B | $1.71B | $1.60B | $1.59B | $1.50B | $1.41B | $1.32B | $1.23B | $1.19B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$13.6M | −$83.7M | −$219.7M | −$275.4M | −$32.6M | −$1.1M | −$23.6M | −$55.7M | −$39.7M | −$45.8M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.12B | $1.96B | $1.66B | $1.49B | $1.74B | $1.74B | $1.66B | $1.59B | $1.57B | $1.52B |
| Key figures | ||||||||||
| Total debt | $1.12B | $849.8M | $1.11B | $1.72B | $551.0M | $549.8M | $435.6M | $271.2M | $1.50B | $1.62B |
| Net cash (debt) | $1.43B | $1.41B | $1.63B | $1.04B | $4.95B | $3.39B | $1.53B | $1.89B | $1.07B | $1.06B |
| Working capital | −$936.7M | −$13.27B | −$13.32B | −$12.20B | −$9.90B | −$10.41B | −$9.60B | −$9.39B | −$9.44B | −$8.68B |
| Tangible book value | $1.66B | $1.49B | $1.20B | $974.7M | $1.26B | $1.28B | $1.19B | $1.11B | $1.09B | $1.05B |
| Book value per share | $35.04 | $31.97 | $27.14 | $24.29 | $27.65 | $27.36 | $25.64 | $23.52 | $23.15 | $22.43 |
| Shares outstanding | 60.5M | 61.4M | 61.2M | 61.4M | 63.0M | 63.6M | 64.8M | 67.7M | 67.9M | 67.8M |
| Current ratio | 0.73 | 0.15 | 0.17 | 0.18 | 0.36 | 0.27 | 0.17 | 0.19 | 0.21 | 0.24 |
| Quick ratio | 0.73 | 0.15 | 0.17 | 1.00 | 1.02 | 0.96 | 0.18 | 0.20 | 0.22 | 0.24 |
| Debt / equity | 0.53 | 0.43 | 0.67 | 1.16 | 0.32 | 0.32 | 0.26 | 0.17 | 0.96 | 1.07 |
| Equity / assets | 11.2% | 10.8% | 8.9% | 8.3% | 9.9% | 10.5% | 12.3% | 12.0% | 11.4% | 11.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.61B | $526.6M | $2.54B | $2.30B | $668.4M | $2.32B | $2.26B | $2.53B | $2.44B | $2.31B | $2.74B | $2.52B |
| Cash & equivalents | $669.9M | $526.6M | $668.0M | $732.8M | $634.4M | $587.4M | $567.3M | $805.4M | $822.1M | $606.3M | $975.5M | $750.5M |
| Short-term investments | $1.94B | $1.66B | $1.88B | $1.57B | $34.0M | $1.74B | $1.69B | $1.73B | $1.62B | $1.70B | $1.76B | $1.77B |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2.61B | $526.6M | $2.54B | $2.30B | $668.4M | $2.32B | $2.26B | $2.53B | $2.44B | $2.31B | $2.74B | $2.52B |
| Property, plant & equipment (net) | $298.7M | $259.8M | $257.8M | $260.8M | $263.0M | $265.1M | $270.1M | $272.2M | $269.6M | $269.6M | $266.7M | $270.4M |
| Goodwill & intangible assets | $476.4M | $471.4M | $465.9M | $466.3M | $467.3M | $469.0M | $474.0M | $460.6M | $471.4M | $525.1M | $466.7M | $529.7M |
| Long-term investments | $3.08B | $3.07B | $3.08B | $3.08B | $3.07B | $3.05B | $3.03B | $3.08B | $3.00B | $3.12B | $3.19B | $3.20B |
| Other non-current assets | $12.73B | $14.66B | $12.57B | $12.69B | $14.14B | $12.18B | $12.12B | $12.13B | $12.27B | $12.16B | $12.06B | $11.87B |
| Total assets | $19.19B | $18.99B | $18.93B | $18.80B | $18.62B | $18.30B | $18.15B | $18.48B | $18.45B | $18.38B | $18.72B | $18.39B |
| Liabilities | ||||||||||||
| Short-term debt | $360.0M | $385.0M | $445.0M | $420.0M | $456.3M | $360.1M | $421.6M | $365.6M | $314.1M | $393.2M | $484.6M | $321.8M |
| Total current liabilities | $360.0M | $385.0M | $3.48B | $16.05B | $15.57B | $15.44B | $15.53B | $15.61B | $15.78B | $15.73B | $16.05B | $15.42B |
| Long-term debt | $371.8M | $526.4M | $458.8M | $394.1M | $744.3M | $590.4M | $385.6M | $629.0M | $522.1M | $667.4M | $585.4M | $978.5M |
| Lease obligations | $37.1M | $36.8M | $39.7M | $37.1M | $38.1M | $37.9M | $42.6M | $39.7M | $40.5M | $40.2M | $45.9M | $42.7M |
| Other long-term liabilities | $16.32B | $15.95B | $12.86B | $242.2M | $228.4M | $243.8M | $274.7M | $264.7M | $274.2M | $294.8M | $420.6M | $418.3M |
| Total liabilities | $17.05B | $16.86B | $16.80B | $16.69B | $16.54B | $16.27B | $16.19B | $16.50B | $16.57B | $16.69B | $17.06B | $16.82B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $12.1M | $12.2M | $12.3M | $12.5M | $12.6M | $12.7M | $12.7M | $12.8M | $12.8M | $12.7M | $12.7M | $12.7M |
| Retained earnings (deficit) | $2.13B | $2.08B | $2.04B | $2.00B | $1.96B | $1.91B | $1.88B | $1.83B | $1.80B | $1.74B | $1.71B | $1.69B |
| Accumulated other comprehensive income | −$42.3M | −$27.4M | −$13.6M | −$19.4M | −$30.5M | −$48.7M | −$83.7M | −$29.0M | −$91.6M | −$227.2M | −$219.7M | −$287.9M |
| Total shareholders' equity | $2.14B | $2.13B | $2.12B | $2.11B | $2.07B | $2.02B | $1.96B | $1.98B | $1.88B | $1.68B | $1.66B | $1.57B |
| Key figures | ||||||||||||
| Total debt | $768.9M | $948.2M | $1.12B | $851.2M | $1.24B | $988.4M | $849.8M | $1.03B | $876.8M | $1.10B | $1.11B | $1.34B |
| Net cash (debt) | $1.84B | −$421.7M | $1.43B | $1.45B | −$570.3M | $1.34B | $1.41B | $1.50B | $1.57B | $1.21B | $1.63B | $1.17B |
| Working capital | $2.25B | $141.6M | −$936.7M | −$13.75B | −$14.90B | −$13.12B | −$13.27B | −$13.08B | −$13.33B | −$13.42B | −$13.32B | −$12.91B |
| Tangible book value | $1.67B | $1.66B | $1.66B | $1.65B | $1.60B | $1.55B | $1.49B | $1.52B | $1.41B | $1.16B | $1.20B | $1.04B |
| Book value per share | $36.52 | $36.05 | $35.39 | $34.80 | $34.12 | $33.11 | $31.98 | $32.22 | $30.71 | $27.43 | $27.11 | $25.63 |
| Shares outstanding | 58.7M | 59.1M | 60.0M | 60.7M | 60.7M | 61.0M | 61.4M | 61.4M | 61.2M | 61.3M | 61.3M | 61.3M |
| Current ratio | 7.25 | 1.37 | 0.73 | 0.14 | 0.04 | 0.15 | 0.15 | 0.16 | 0.15 | 0.15 | 0.17 | 0.16 |
| Quick ratio | 7.25 | 1.37 | 0.73 | 0.14 | 0.04 | 0.15 | 0.15 | 0.16 | 0.15 | 0.15 | 0.17 | 0.16 |
| Debt / equity | 0.36 | 0.45 | 0.53 | 0.40 | 0.60 | 0.49 | 0.43 | 0.52 | 0.47 | 0.65 | 0.67 | 0.86 |
| Equity / assets | 11.2% | 11.2% | 11.2% | 11.2% | 11.1% | 11.0% | 10.8% | 10.7% | 10.2% | 9.2% | 8.9% | 8.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 23, 2026); data from EODHD.
TRMK financial position
At the end of fiscal 2025 (December 31, 2025), Trustmark had total assets of $18.9 billion (up 4.3% from a year earlier), total liabilities of $16.8 billion and shareholders' equity of $2.1 billion. It held $2.5 billion in cash and short-term investments against $1.1 billion of debt, a net cash position of $1.4 billion. Its current ratio was 0.73. In the latest quarter (ended June 30, 2026) total assets were $19.2 billion and equity $2.1 billion.
Related: TRMK income statement, TRMK cash flow statement, TRMK key metrics. See the TRMK stock overview for the latest quote and news.
TRMK balance sheet FAQ
What are Trustmark's total assets?
Trustmark reported total assets of $18.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $18.2 billion a year earlier.
How much debt does Trustmark have?
Trustmark had $1.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.53.
How much cash does Trustmark have?
Trustmark held $2.5 billion in cash and short-term investments at the end of fiscal 2025; with $1.1 billion of debt that is net cash of $1.4 billion.
What is Trustmark's book value?
Trustmark's shareholders' equity (book value) was $2.1 billion at the end of fiscal 2025, or $35.04 per share.
What is Trustmark's current ratio?
Trustmark had current assets of $2.5 billion and current liabilities of $3.5 billion, a current ratio of 0.73 (current liabilities exceed current assets).
How much goodwill does Trustmark have?
Trustmark carried $465.9 million of goodwill and intangible assets, 2.5% of total assets, at the end of fiscal 2025.