Trustmark Corporation

NASDAQ TRMK

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Trustmark Corporation Payables Turnover 5 year CAGR for the quarter ending September 30, 2022: -86.56%

Trustmark Corporation Payables Turnover 5 year CAGR is -86.56% for the quarter ending September 30, 2022, a -0.20% change year over year. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Trustmark Corporation Payables Turnover for the quarter ending March 31, 2022 was 0.00, a -14.21% change year over year.
  • Trustmark Corporation Payables Turnover for the quarter ending March 31, 2021 was 0.00.
NASDAQ: TRMK

Trustmark Corporation

CEO Mr. Duane Arthur Dewey CFP
IPO Date Oct. 20, 1987
Location United States
Headquarters 248 East Capitol Street, Jackson, MS, United States, 39201
Employees 2,712
Sector Financial Services
Industry Banks - regional
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. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services. The company also provides mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing. In addition, it provides 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 corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management services. Further, the company offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers. Trustmark Corporation was founded in 1889 and is headquartered in Jackson, Mississippi.

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StockViz Staff

September 20, 2024

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