Slide 1: First Quarter 2017 Financial Results
First Quarter 2017 Financial Results April 25, 2017 Building a Premier Regional Financial Services Organization Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward–Looking Statements Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by words such as “may,” “hope,” “will,” “should,” “expect,” “plan,” “
Slide 3: Financial Highlights
Financial Highlights Source: Company reports Another quarter of solid financial results – Q1-17 EPS of $0.46 At March 31, 2017: Total Assets $13.5 billion Total Loans (LHFI & Acquired) $8.2 billion Total Deposits $10.1 billion Banking Centers 193 2017: Q1-17 Net Income $31.2 million EPS – Diluted $0
Slide 4: Loans Held for Investment Portfolio
Source: Company reports (1) During the first quarter of 2017, Trustmark reclassified $36.7 million of acquired loans to loans held for investment due to the discount on these loans being fully amortized. Loans Held for Investment Portfolio Continued growth in LHFI, while remaining focused on credit
Slide 5: Credit Risk Management
Nonperforming assets increased $5.9 million, or 5.4%, from the prior quarter while decreasing $25.2 million, or 17.7%, from the previous year This increase is the result of one substandard energy-related credit migrating to a nonaccrual status Allowance for loan losses represented 263.7% of nonperfo
Slide 6: Performance of Acquired Loans
Performance of acquired loans Source: Company reports ($ in millions) Acquired Loan Portfolio Acquired Loans (period end balances) Acquired loan yield in the first quarter totaled 8.40% and included recoveries from settlement of debt of $1.2 million, which represented approximately 2.0% of the total
Slide 7: Attractive, Low-Cost Deposit Base
Strength of franchise continued to be reflected in our low cost of deposits of 16 bps and a deposit base with nearly 60% of deposit balances in checking accounts Noninterest-bearing deposits represented 30% of average deposits in the first quarter Source: Company reports (1) Source: SNL Financial; P
Slide 8: Income Statement Highlights – Revenue
Income Statement Highlights – Revenue Revenue, excluding income on acquired loans, totaled $138.4 million, a 4.6% increase from the prior quarter and 5.7% year-over-year Net Interest Income – FTE Net Interest Margin Noninterest Income ($ in millions) Net Interest Income on Acq. Loans Net Interest In
Slide 9: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense Source: Company reports Core noninterest expense remained well controlled Core noninterest expense, excluding ORE and intangible amortization expense of $3.3 million, totaled $98.7 million in the first quarter Salary and benefits decreased by $866 th
Slide 10: Capital Management
Capital Management Source: Company reports Solid capital base provides the opportunity to support both organic and acquisitive growth initiatives while meeting the needs of our customers and providing value to our shareholders During the first quarter, Trustmark did not repurchase any of its common
Slide 11: Strategic Priorities to Enhance Shareholder Value
Profitable revenue generation Balance sheet optimization Targeted, cost-effective deposit growth Business development and cross-selling Mergers and acquisitions In-market consolidation Expand to additional attractive markets Patience and discipline Process improvement and expense management Performa