Slide 1: Fourth Quarter & Fiscal Year 2025 Financial Results
Fourth Quarter & Fiscal Year 2025 Financial Results January 27, 2026
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 Performance Reflects Continued Loan and Deposit Growth, Solid Credit Quality, Expanded Revenue and Strong Profitability Metrics • Loans held for investment (HFI) increased $126.1 million, or 0.9%, linked-quarter, At December 31, 2025 Balance and $584.3 million, or 4.5%, year-ove
Slide 4: Loans Held for Investment (HFI) Portfolio
Loans Held for Investment (HFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Loans HFI (1) Change Loan Portfolio Composition 12/31/25(1) (1) ($ in millions) 12/31/2025 LQ Y-o-Y Other RE, 16% Nonfarm,Nonres, Loans secured by real estate: 24% Const., land dev. and other land
Slide 5: Commercial Real Estate and Offices (CRE) Portfolio Detail
Commercial Real Estate and Offices (CRE) Portfolio Detail CRE Portfolio(1)(2) % of CRE Offices (CRE) Portfolio(1)(2) % of Offices ($ in millions) 12/31/25 Portfolio ($ in millions) 12/31/25 Portfolio Lots, Development and Unimproved Land $ 241 5% Construction $ 2 1% 1-4 Family Construction 308 6% Ex
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail % of • Portfolio includes commercial, financial Commercial Portfolio (1)(2) Commercial intermediaries, agriculture production, equipment ($ in millions) 12/31/25 Portfolio finance, non-profits, and leases Manufacturing $ 438 16% Real Estate & Rental & Leasing 367 13%
Slide 7: Allowance for Credit Losses
Allowance for Credit Losses ($ in millions) $165 -$3 $2 $157 -$7 Net impact of Net impact of Net impact of all quantitative qualitative changes other changes changes including including adjustments including loan growth, for positive credit prepayment changes in the migration and studies, macroecono
Slide 8: Credit Risk Management
Credit Risk Management Solid asset quality metrics • Allowance for credit losses represented 1.15% of loans HFI and 209.18% of nonaccrual loans, excluding individually evaluated loans • Net charge-offs totaled $7.6 million in the fourth quarter, including one charge-off on an individually analyzed l
Slide 9: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base (1) Deposit Mix – Average Balance Q4-25(1) Deposits ($ in millions) Change ($ in millions)(1) 12/31/2025 LQ Y-o-Y $15,230 $14,998 $15,158 $15,358 $15,597 Interest Checking $ 4,727 $ 223 $ 13 21% 20% 21% 20% 21% Noninterest Bearing DDA 3,037 (285) (37) Time Deposits
Slide 10: Income Statement Highlights – Net Interest Income
Income Statement Highlights – Net Interest Income Net Interest Income – FTE Yields and Costs(1) ($ in millions) $161 $165 $166 6.32% $158 $155 6.15% 6.19% 6.21% 6.06% 3.76% 3.75% 3.81% 3.83% 3.81% 3.41% 3.46% 3.46% 3.50% 3.46% 2.61% 2.42% 2.43% 2.44% 2.29% Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q4-24 Q1-25 Q
Slide 11: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 12/31/25 • Cash flow hedge portfolio structured to mitigate asset sensitivity driven by loan portfolio mix with 52% variable rate • Active interest rate swap hedge notional at quarter end was $800 million with a weighted average received fi
Slide 12: Income Statement Highlights – Noninterest Income
Income Statement Highlights – Noninterest Income Noninterest Income – Q4-25(1) (2) (2) (1) (2) (2) Total Significant Adjusted Other, net, (1) Change 7% Noninterest Income Operating Non-Routine Continuing Wealth Service ($ in millions) Results Transactions Operations Management, Charges on Q4-25 2025
Slide 13: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense • Noninterest expense totaled $132.2 million in the fourth quarter, an increase of $1.2 million, or 0.9%, linked-quarter and $7.7 million, or 6.2%, from the prior year • Salaries and employee benefits in the fourth quarter totaled $75.1 million, an i
Slide 14: Capital Management
Capital Management Capital ratios remained strong, share repurchase activity continued, and quarterly dividend to increase 4.2% to $0.25 per share • Capital position remained strong with a CET1 ratio of 11.72% and a total risk-based capital ratio of 14.41% at December 31, 2025 • During the fourth qu
Slide 15: 2026 Full Year Expectations
2026 Full Year Expectations FY 2026 Expectations(1) 2025 Actual Loans HFI Increase mid single digits $13.7 billion Balance Sheet Deposits, excluding brokered deposits Increase mid single digits $15.2 billion Securities Remain stable $3.1 billion Net Interest Net Interest Margin Range of 3.80% to 3.8
Slide 16: Trustmark Corporation
Trustmark Corporation Who We Are Strategic Priorities to Enhance Shareholder Value • Trustmark is a diversified financial services company headquartered in Jackson, MS, providing banking and financial solutions through offices in AL, FL, GA, MS, TN and TX Focus on profitable growth to increase EPS,
Slide 17: Improved Financial Performance
Improved Financial Performance Net Income Available to Shareholders Diluted EPS $3.70 $224,135 $3.04 $186,335 $2.60 $159,220 $2.22 $136,481 $2.50 $153,290 $0.99 $60,918 $45,210 $0.74 2022 2023 2024 2025 2022 2023 2024 2025 Net Income from Continuing Operations (GAAP) (in thousands) Diluted EPS from
Slide 18: Improved Financial Performance
Improved Financial Performance Loans HFI and Deposits NIM - FTE ($ in billions) 3.80% $15.6 $15.1 $15.5 $14.4 $13.1 $13.7 3.51% $13.0 $12.2 3.32% 3.17% 2022 2023 2024 2025 2022 2023 2024 2025 Loans HFI Deposits Tangible Common Equity/Tangible Assets Tangible Book Value Per Share $30.28 $26.68 9.61%
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation CZ Trustmark
Slide 20: Reconciliation of GAAP to Non-GAAP Results
Reconciliation of GAAP to Non-GAAP Results ($ in thousands, except per share data) 20