Trustmark Corporation · NASDAQ:TRMK
Trustmark — Sandler O'Neill + Partners East Coast Financial Services Conference 2009
26 slides from Trustmark's conference presentation, Nov 12, 2009
Slide 1: People you trust. Advice that works.
People you trust. Advice that works. iB rustmark Banking and Financial Solutions Sandler O’Neill + Partners, L.P. East Coast Financial Services Conference November 12, 2009
Slide 2: Forward-Looking Statements
Forward-Looking Statements ® Teustmark Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1999. You can identify forward-looking statements by words such as "may," "hope," “will,” “should,” “expect
Slide 3: Trustmark is an integrated provider of banking and financial solutions
Trustmark is an integrated provider of banking and financial solutions ¥ $9.4 billion in total assets ¥ $6.4 billion in loans held for investment Y $6.9 billion in deposits ¥ $1.1 billion of market capitalization v¥ 4150 banking centers serving Florida, Mississippi, Tennessee and Texas v 11.89% retu
Slide 4: Reasons to Invest in Trustmark
Reasons to Invest in Trustmark ¥ Diversified business mix in attractive markets Y¥ Solid profitability metrics v Strong capital base v Liquid, well-positioned balance sheet Y¥ Positioned for growth and profitability ¥ Focused on maximizing shareholder value
Slide 5: Income Composition
st Income Composition 2009 ($ in millions) Total Revenue $394 Total Noninterest Income $128 Service Mortgage = Auto/Credit Charges $44 Card $14 L General Insurance Treasury & $40 at $23 [T>~~_ Other $70 r Banking Wealth , 4 AE $22 Management, aia $20 \ A = Other $3 vTa> ‘Wealth Mortgage Meneger ent
Slide 6: Trustmark Corporation Financial Results
Trustmark Corporation Financial Results $ in million (Sin 3-08 4-08 1-09 Pre-tax, pre-provision income $48.6 $54.2 $87.1 Other real estate/foreclosure expense $14 $0.7 $0.6 Net income to available common shareholders $23.4 $24.0 $23.4 Return on average tangible common equity 15.16% 15.10% 14.40% Ret
Slide 7: Capital Position
Trustmark Corporation ‘ Ae P t Trustmark Capital Position oe Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Tangible common equityitangible assets 7.22% 6.95% 7.20% 7.34% 7.76% Tier 1 risk-based capital ratio 9.86% 13.01% 13.34% 13.50% 14.11% Total risk-based capital ratio 11.80% 14.95% 15.28% 15.45% 16.09%* $1,400
Slide 8: Total Loans Held for Investment
(8 in millions) Commercial Loans $4,220 Consumer Loans $2,162 ain Construction er & Land Other State & Saag Development ll Political Subs $872 Home Mortgage $847, Owner Occupied RE $729 cal $1,166 CRE Income Credit Card Producing $41 Auto $744 saat Total Loans Held for Investment $6,382
Slide 9: Total Deposits and Borrowings
Ss (8 in millions) Total Deposits $6,870 Time Noninterest Checking $1,493 Interest Checking Money Bu Market $921 Total Borrowings $1,155 Junior Sub sub debt rata tes $70 advances Fed funds $75 purchased & repos Treasury $645 Auction Facility $125 Other short- term borrowings $190
Slide 10: Trustmark has $2.1 billion in loans and $3.2 billion in deposits
>» Trustmark has $2.1 billion in loans 10 . am at and $3.2 billion i Maintain market dominance through cross-selling and retention deposits* 2009-44 Projected Deposit TRMK 2009 Population Market Banking County Population Growth Share“ Centers Hinds 250,314 -0.62% 41.85% 21 Rankin 143,561 10.89% 33.3
Slide 11: Houston: $851 million in loans and $565 million in deposits
@ Banking center > " Trustmark has $851 million in loans and $565 million in deposits* Building stronger Commercial, Retail, and Wealth Management platforms 2009-14 Projected | Deposit | _TRMK 2009 Population | Market | Banking Market Population Growth | Share | centers Houston MSA 6,904,060 11.48%
Slide 12: Memphis: $430 million in loans and $639 million in deposits
2 Trustmark has $430 million in loans and $639 million in deposits* Focus on middle market commercial and real estate lending fy Mlermantovn ‘le NNESSEE Bh coite ‘unction WARSHALL omervle Hernan 3 s i ved) noo BE Banking center 2009-14 Projected Deposit TRMK 2009 Population Market | Banking Market P
Slide 13: Florida: $551 million in loans and $219 million in deposits
18 Trustmark has $551 million in loans and $219 million in deposits* Cross-sell to Fisher-Brown’s commercial insurance customers Focus on commercial lending and expansion of Wealth Management @ Banking center ‘Market | County __ | Share _| Bay 171,160 5.89% 463% Okaloosa 198,924 763% 137% Walton 58,
Slide 14: Strategic Accomplishments
Strategic Accomplishments v Managed crisis in financial services industry * Reduced credit exposure in Florida, indirect auto, HELOC and credit card * Increased investment securities portfolio * Maintained stable deposit base * Managed mortgage banking interest rate volatility v Capital Management *
Slide 15: Strategic Focus
Strategic Focus ¥ Manage credit and balance sheet risk ¥ Enhance and expand Commercial Banking business development program ¥ Continue development of Houston franchise Y Vigorously defend leadership position in major legacy market Y¥ Capital Management 16
Slide 16: Reasons to Invest in Trustmark
Reasons to Invest in Trustmark ¥ Diversified business mix in attractive markets Y¥ Solid profitability metrics v Strong capital base v Liquid, well-positioned balance sheet Y¥ Positioned for growth and profitability ¥ Focused on maximizing shareholder value 16
Slide 17: People you trust. Advice that works.
People you trust. Advice that works. iB Trustmark janking and Financial Solutions
Slide 18: Supplemental Information
Supplemental Information 18
Slide 19: Credit Quality Trends
Trustmark Corporation Credit Quality Trends Florida Mississippi (1 Tennessee @) Texas Total Total Loans (including HFS) $551 $4,650 $568 $851 $6,620 Nonperforming Loans $72.1 $28.5 $115 $26.5 $138.5 Other Real Estate $34.0 $22.9 $9.8 $4.9 S717 Nonperforming Assets $106.1 $51.4 $21.3 $31.4 $210.2 Non
Slide 20: Construction and Land Development Loans
Total Construction Land and Development Loans Florida Mississippic:) | Tennessee (2) Texas % of % of % of % of % of Total Loan Loan Loan Loan s Loans $ Type $ Type $ Type $ Type Lots $ 105 120%|$ 64| 60.6%) $ 25 23.6%|$ 5 43% 12 11.4% Development 199 228% 28 14.2% 7 38.8% W 56% 41a |Unim proved land
Slide 21: Owner Occupied Real Estate Loans
Florida issippicn % of lowner Occupied c! $ Loans $ $ Churches $17. 179%s 32 g e 43 Office 1023) 140%] 21.6 64 60%] 183 Health Care 80.6) 11.1%) 115 34 3.8% 93 Industrial Warehouses 75.0) 10.3% 27 a4] 6%) 163 Corverience Stores 628] 86% 13 43] 6.8%] 164 Retail 338] 46% 58 13] 39% 68 Restaurants 28)
Slide 22: Income Producing CRE Loans
(8 in millions) Mississippi 1 Tennessee (2) Texas % of % of % of Loan Loan Income Producing GRE $ Type $s Type Office 216 12.3% | $ B4 4.8% Retail B19 48.0% a7 16.2% 26.6 15.6% Nursing Homes / Assisted Living 111.2 91.4% 50 41% 54 44% Hotel / Motel 29.3 444%] 11.2 17.0% 12.9 19.5% Industrial 5.2 20.
Slide 23: Florida Loans by Type
Loan Type $ Loans Construction Land and Development $ Loans (Construction and land development $ 212 38.4%) |Lots $ 64 30.0% Secured by 1-4 family residential 92 16.7%! | Development 28 13.4% ‘Secured by nonfarm, nonresidential 183 33.1%| |Unim proved land 83 39.4% Other real estate secured 13 2.3%)
Slide 24: Florida Credit Quality
Florida Credit Quality September 30, 2009 Sint (Sint Ciasitied (2) Lew Less Reserve tot Criticized = Speniat Impaired | Total Losns Non Loans Mention, Nonimpsired Nonaccrual | Less impaired Loan Loss Impaired FLORIDA CREDIT QUALITY Total Loans: a 2) Accruing _Nenacorual @) Loss Reserves Loans Constr
Slide 25: Contact Information
Contact Information Trustmark Corporation’s common stock is listed on the NASDAQ National Market System and is traded under the symbol TRMK. Additional information is available at www.trustmark.com. Investor Inquiries: Louis E. Greer Treasurer and Principal Financial Officer 601-208-2310 Igreer@trus
Slide 26: People you trust. Advice that works.
People you trust. Advice that works. iB Trustmark janking and Financial Solutions
Trustmark — Sandler O'Neill + Partners East Coast Financial Services Conference 2009 on 6ix