Slide 1: First Quarter 2021 Financial Results
First Quarter 2021 Financial Results Exhibit 99.2
Slide 2: 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,” “anticipate,” “intend,” “bel
Slide 3: Financial Highlights
Financial Highlights Performance reflects continued balance sheet growth and strong credit quality Source: Company reports (1) For Non-GAAP measures, please refer to the Earnings Release dated April 27, 2021 and the Consolidated Financial Information, Footnote 8 – Non-GAAP Financial Measures 3 Loans
Slide 4: Loans Held for Investment (LHFI) Portfolio
Loans Held for Investment (LHFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Source: Company reports (1) Percentages may not sum to 100% due to rounding. (2) During the first quarter of 2020, Trustmark reclassified $72.6 million of acquired loans to loans held for investm
Slide 5: Real Estate Secured Loan Portfolio Detail
Real Estate Secured Loan Portfolio Detail 5 Source: Company reports (1) Multi-Family is included in Other Real Estate Secured Loans in Financials Focus on vertical construction with limited exposure to unimproved land and development Well-diversified product and geographical mix Balanced between non
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail 6 Source: Company reports Well-diversified portfolio with no single category exceeding 10% Small energy book and has never been an area of focused growth Virtually no regulatory defined higher risk commercial and industrial outstanding ($11 million) Portfolio include
Slide 7: COVID-19 Impacted Industries
COVID-19 Impacted Industries 7 At March 31, 2021
Slide 8: Allowance for Credit Losses
Allowance for Credit Losses Source: Company reports Does not include allowance for off balance sheet credit exposures Totals may not foot due to rounding 8 ($ in millions) Quantitative changes due to significant improvement of the macroeconomic forecast Qualitative changes including net effects of t
Slide 9: Credit Risk Management
Credit Risk Management Solid asset quality metrics Allowance for credit losses represented 1.09% of loans held for investment and 437.08% of nonaccrual loans, excluding individually evaluated loans Other real estate declined $1.0 million from the previous quarter and $14.2 million year-over-year Rec
Slide 10: Paycheck Protection Program (PPP)
Paycheck Protection Program (PPP) Source: Company reports (1) Does not include loans that have been funded and paid off at 03/31/21 10
Slide 11: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base Deposits totaled $14.4 billion at March 31, 2021, up $334.7 million, or 2.4%, linked-quarter, and up $2.8 billion, or 24.3%, year-over-year. Cost of interest-bearing deposits in the first quarter totaled 0.22%, down 5 basis points from the prior quarter Source: Comp
Slide 12: Income Statement Highlights – Net Interest Income
Income Statement Highlights – Net Interest Income Net interest income (FTE) totaled $105.2 million, resulting in a net interest margin of 2.81% in the first quarter. The net interest margin, excluding PPP loans and Federal Reserve Bank balance, totaled 2.99% for the quarter, a 10-basis point decreas
Slide 13: Income Statement Highlights – Noninterest Income
Income Statement Highlights – Noninterest Income Source: Company reports (1) Totals may not foot due to rounding Noninterest income totaled $60.6 million for the first quarter, a decrease of $5.5 million linked-quarter and $4.7 million year-over-year. The linked-quarter increase in insurance, wealth
Slide 14: Income Statement Highlights – Mortgage Banking
Income Statement Highlights – Mortgage Banking Source: Company reports (1) Totals may not foot due to rounding Mortgage banking revenue totaled $20.8 million in the first quarter of 2021, a $7.4 million decrease linked-quarter and $6.7 million decrease year-over year. Mortgage loan production in the
Slide 15: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense Source: Company reports (1) Totals may not foot due to rounding (2) For Non-GAAP measures, please refer to the Earnings Release dated April 27, 2021 and the Consolidated Financial Information, Footnote 8 – Non-GAAP Financial Measures Noninterest expe
Slide 16: Capital Management
Capital Management Solid capital position reflects consistent profitability of diversified financial services businesses Capital position remained strong with a CET1 ratio of 11.71% and a total risk-based capital ratio of 14.07% at March 31, 2021 Trustmark repurchased $4.2 million, or approximately
Slide 17: Trustmark Corporation
Trustmark Corporation Diversified financial services company headquartered in Jackson, MS, offering banking, wealth management, and risk management solutions in 181 locations throughout the Southeast U.S. Our vision is to be a premier financial services provider in our marketplace. Our mission is to