A trimmable rudder system for a marine vessel such as a planing power boat, the system including a pair of rudder assemblies, each of which includes a rudder blade movably coupled to the hull by way of a ball-and-socket joint. Each rudder assembly includes a rudder shaft that extends from the rudder blade through the ball-and-socket joint and can be rotated for rotating the rudder blade to steer the power boat. Each rudder shaft may be operably coupled to a pair of actuators configured to control trim and camber positions of the rudder blade so that the pair of rudder blades can collectively achieve a desired hull trim change, including listing control and planing control of the power boat. Steering position, trim position, and camber position of the rudder blades may be simultaneously changed.