Trustmark Corporation · NASDAQ:TRMK
Trustmark — Salomon Smith Barney Financial Services Conference 2003
20 slides from Trustmark's conference presentation, Jan 28, 2003
Slide 1: Salomon Smith Barney Financial Services Conference
Salomon Smith Barney Financial Services Conference New York, NY January 28, 2003 Salomon Smith Barney Financial Services Conference - January 28, 2003 - 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain statements of Trustmark’s strategies, plans and objectives, as well as estimates of future operating results for 2003 and beyond for Trustmark Corporation as well as estimates of financial condition, operating efficiencies and revenue creation
Slide 3: Company Vision and Mission
Company Vision and Mission OUR VISION….. is to be a premier financial services company in our marketplace. OUR MISSION….. is to achieve outstanding customer satisfaction by providing banking, investment and insurance solutions through superior sales and service, utilizing excellent people, teamwork
Slide 4: Corporate Profile
Corporate Profile Trustmark is an integrated provider of banking and financial solutions: G $434 million in revenue G $121 million in net income G 17.93% ROE G 9.52% Equity to Assets G 1.77% ROA G $1.5 billion market cap G Investment Ratings: Moody’s: A3, S&P: BBB+ G Proven financial results Salomon
Slide 5: Financial Performance
Financial Performance Salomon Smith Barney Financial Services Conference - January 28, 2003 - 5
Slide 6: Basic Earnings and Dividends Per Share
Financial Performance Basic Earnings and Dividends Per Share 1997- 1997-2002 CAGR 2001- 2001-2002 CAGR $2.00 $1.95 Earnings Per Share 14.8% 13.4% Dividends Per Share 16.4% 10.7% $1.72 $1.75 $1.50 $1.50 $1.36 $1.25 $1.14 $0.98 $1.00 $0.75 $0.62 $0.56 $0.51 $0.50 $0.44 $0.35 $0.29 $0.25 $0.00 1997 199
Slide 7: Return on Average Equity
Financial Performance Return on Average Equity 17.93% 18.00% 16.98% 17.00% 16.00% 15.68% 14.93% 15.00% 14.00% 13.53% 13.00% 12.67% 12.00% 1997 1998 1999 2000 2001 2002 Salomon Smith Barney Financial Services Conference - January 28, 2003 - 7
Slide 8: Total Revenue
1997- 1997-2002 CAGR 2001- 2001-2002 CAGR Financial Performance Non-Interest Income 14.1% 7.5% Net-Interest Income 7.4% 9.5% Total Revenue ($ in thousands) Total Revenue 9.4% 8.8% $450,000 $434,056 $398,894 $357,520 $344,345 $141,870 $350,000 $131,990 32.7% $313,810 33.1% $277,429 $101,943 $124,540
Slide 9: Efficiency Ratio
Financial Performance Efficiency Ratio 60.00% 58.68% 58.00% 56.00% 55.55% 54.00% 53.43% 52.82% 52.67% 52.00% 51.63% 50.00% 1997 1998 1999 2000 2001 2002 Salomon Smith Barney Financial Services Conference - January 28, 2003 - 9
Slide 10: Credit Quality
Financial Performance Credit Quality ($ in millions) $80.0 $75.5 $74.8 $64.1 $66.2 $65.9 $65.9 $70.0 $60.0 $50.0 $42.0 $37.9 $40.0 $30.0 $16.6 $18.7 $18.2 $15.1 $20.0 $10.0 $0.0 1997 1998 1999 2000 2001 2002 Allowance for loan and Non-Performing Assets lease losses (ALLL) (NPA) 1997 1998 1999 2000 2
Slide 11: Net Income
Financial Performance Net Income ($ in millions ) $130.0 1997- 1997-2002 CAGR 2001- 2001-2002 CAGR Net Income 11.2% 8.8% $121.1 $120.0 $111.3 $110.0 $101.7 $100.0 $98.0 $90.0 $83.3 $80.0 $71.1 $70.0 $60.0 1997 1998 1999 2000 2001 2002 Salomon Smith Barney Financial Services Conference - January 28,
Slide 12: Return on Average Assets
Financial Performance Return on Average Assets 1.80% 1.77% 1.70% 1.59% 1.60% 1.49% 1.50% 1.50% 1.41% 1.40% 1.34% 1.30% 1997 1998 1999 2000 2001 2002 Salomon Smith Barney Financial Services Conference - January 28, 2003 - 12
Slide 13: Geographic Banking Franchise: Total Loans
Geographic Banking Franchise Total Loans as of December 31, 2002 ($ in millions) Hattiesburg Other MSAs MSA 3.3% Non-Metro 6.8% Markets Jackson MSA $2,215 28.0% Memphis MSA Memphis MSA 13.9% $642 Hattiesburg MSA $314 Other MSAs $154 Non-Metro Markets Jackson MSA $1,292 48.0% Total Loans: $ 4,617 Sal
Slide 14: Loan Composition
Loan Composition As of December 31, 2002 ($ in millions) Consumer Construction Commercial & 18.0% $285 Industrial State/Political Subs 1-4 Family 16.8% 3.5% $1,331 Non Farm - Non Residential $924 Loans Held Other for Sale Loans Held for Sale 2.2% 4.3% $200 Construction Commercial & Industrial 6.2% $
Slide 15: Geographic Banking Franchise: Total Deposits
Geographic Banking Franchise Total Deposits as of December 31, 2002 ($ in millions) Hattiesburg MSA Non-Metro Markets Jackson MSA 3.7% 34.2% $2,244 Memphis MSA $665 Memphis MSA 14.2% Hattiesburg MSA $173 Non-Metro Markets $1,604 Jackson MSA 47.9% Total Deposits: $ 4,686 Salomon Smith Barney Financia
Slide 16: Deposit Composition
Deposit Composition Total Deposits as of December 31, 2002 ($ in millions) CDs 37.3% Non Interest Bearing DDAs $1,251 Interest Bearing Transactions Savings $942 15.9% Savings $744 CDs $1,749 Non Interest Total Deposits: $ 4,686 Interest Bearing Bearing DDAs Transactions 26.7% 20.1% Salomon Smith Bar
Slide 17: 2002 Revenue by Line of Business
Financial Performance 2002 Revenue by Line of Business ($ in millions) Treasury Investment Investment 14.2% 5.9% $25.5 Insurance Commercial Commercial 3.4% 11.5% $50.0 Consumer - Branch $207.6 Mortgage Consumer Non Branch 11.7% $23.5 Mortgage $51.0 Consumer Non Insurance Branch Consumer $14.8 5.4% B
Slide 18: Economic Development
Economic Development Nissan Motor Plant G Nissan selected Mississippi for $930 million manufacturing facility in November 2000; announced $500 million expansion in June 2002 G Construction of the 400,000 unit plant, located 15 miles north of Jackson, is on schedule with production to begin in spring
Slide 19: Key Initiatives
Key Initiatives Salomon Smith Barney Financial Services Conference - January 28, 2003 - 19
Slide 20: Key Initiatives
Key Initiatives G Corporate Governance G Branding G Sales & Service G Associate Development G Technology G Mergers and Acquisitions Salomon Smith Barney Financial Services Conference - January 28, 2003 - 20
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