Slide 1: Second Quarter 2017 Financial Results
Second Quarter 2017 Financial Results July 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 Excludes non-routine charges related to the termination of defined benefit pension plan ($10.9 million, net of tax) as well as merger-related expense ($2.0 million, net of tax) that reduced net income and non-taxable proceeds related to life insurance acq
Slide 4: Loans Held for Investment (LHFI)
Source: Company reports Loans Held for Investment (LHFI) Continued growth in LHFI, while remaining focused on credit quality and profitability Linked-quarter loan growth by state ($ in millions): AL $148 FL $3 MS $82 TN $8 TX $50 Trustmark has no loan exposure in which the source of repayment or the
Slide 5: Credit Risk Management
Nonperforming loans totaled $74.1 million, an increase of $12.8 million from the previous quarter primarily as a result of a single healthcare-related credit moving to a nonaccrual status Other Real Estate totaled $50.0 million, a decline of $6.0 million from the prior quarter Recoveries exceeded ch
Slide 6: Acquired Loans Performance
Acquired loans performance Source: Company reports ($ in millions) Acquired Loan Portfolio Acquired Loans (period end balances) Acquired loan yield in the second quarter totaled 7.96% and included recoveries from settlement of debt of $952 thousand, which represented approximately 1.2% of the total
Slide 7: Attractive, Low-Cost Deposit Base
Deposits totaled $10.4 billion at June 30, 2017; excluding acquired deposits of $166.2 million, deposits increased $152.8 million, or 1.5%, from the previous quarter Strength of franchise reflected in our low cost of deposits of 20 bps; approximately 60% of deposit balances in checking accounts Noni
Slide 8: Income Statement Highlights – Revenue
Income Statement Highlights – Revenue Revenue, excluding income on acquired loans and life insurance proceeds, totaled $141.0 million, a 1.9% increase from the prior quarter and 6.4% year-over-year Net Interest Income – FTE Net Interest Margin Noninterest Income ($ in millions) Net Interest Income o
Slide 9: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense Source: Company reports Routine noninterest expense remained well controlled Routine noninterest expense, excluding ORE, intangible amortization and one-time charges relating to the Reliance merger and pension plan termination, totaled $99.3 million
Slide 10: Capital Management
Capital Management Source: Company reports Tangible equity to tangible assets ratio was 8.61%, while the total risk-based capital ratio was 13.11% in the second quarter During the second quarter, Trustmark did not repurchase any of its common shares. The repurchase program, which is subject to marke
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