Trustmark Corporation And Tristate Capital Holdings Inc Head To Head Compare

Trustmark Corporation versus Tristate Capital Holdings Inc Head to Head Compare

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This is a head to head compare of Trustmark Corporation (NASDAQ:TRMK) and Tristate Capital Holdings Inc (NASDAQ:TSC) . We will compare the two companies on revenue growth, earnings, revenue per employee, operating margins, free cash flow and valuation. The head to head compare assigns 100 points in total.

Before we dive into the analysis, we will look at the stock returns for each company over the last three months, six months and the last year. The stock returns do not impact the head to head compare scores which are focused on the fundamentals of each company, but ultimately stock returns are are still a critical piece to a full analysis and compare.

Stock Returns
Symbol 3-Months 6-Months One-Year Fundamentals
TRMK -3.0% +16.6% +33.0%
TSC +19.9% +51.9% +91.8%

Tristate Capital Holdings Inc has a substantially higher fundamental rating then Trustmark Corporation which has an impact on the head-to-head comparison. The CML Star Rating is an objective, quantifiable measure of a company's operating and financial condition. The rating is computed by measuring numerous elements of the company's current financial data and their associated changes over time.

Now, let's dive into the two companies to compare them.

➤ Income Statement
First we turn to the income statement and compare revenue, earnings and revenue per employee for both companies. We note that simple revenue comparisons do not impact the rating.

Trustmark Corporation has substantially higher revenue in the last year than Tristate Capital Holdings Inc although both companies are still relatively small. Raw revenue comps do not affect the head to head rating.

Both TRMK and TSC show positive earnings over the last year with the edge to TRMK.

Net Income

TSC generates massively larger revenue per employee ($538,000) than TRMK ($203,000).

Revenue per Employee
($ Millions)

➤ Margins
Next we create some derived metrics to compare the the amount of revenue earned per dollar of expense and the amount of free cash flow earned per dollar of revenue. Margins are one of the fairest ways to compare companies since they remove some of the bias of large versus small numbers.

Tristate Capital Holdings Inc generates $1.54 in revenue for every $1 of expense, very similar to Trustmark Corporation's $1.47.

Revenue per Dollar of Expense

A nonperforming loan (NPL) is the sum of borrowed money upon which the debtor has not made his scheduled payments for at least 90 days. A nonperforming loan is either in default or close to being in default (Source: INVESTOPEDIA).TRMK shows 0.61% if its loans are "non-performing", very similar to TSC's 0.52%.

Non-performing Loans
over Total Loans

➤ Growth
Finally we compare the financial metrics related to growth: revenue growth rates and price to sales.

Both companies are growing revenue. Tristate Capital Holdings Inc is growing revenue massively faster than Trustmark Corporation.

Revenue Growth

For every $1 in revenue, the stock market prices in $4.07 in market cap for TRMK and $5.68 in market cap for TSC.

Price to Sales

Tristate Capital Holdings Inc (NASDAQ:TSC)
Trustmark Corporation (NASDAQ:TRMK) : 93 to 7