Slide 1: Second Quarter 2019 Financial Results
Building a Premier Regional Financial Services Organization Second Quarter 2019 Financial Results July 23, 2019 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: 2Q-19 Financial Highlights
2Q-19 Financial Highlights Source: Company reports Continued solid financial results At June 30, 2019: Total Assets $13.5 billion Total Loans (LHFI & Acquired) $9.2 billion Total Deposits $11.6 billion Banking Centers 193 Profitable Revenue Generation Loans held for investment (LHFI) increased $121.
Slide 4: Loans Held for Investment (LHFI) Portfolio
Source: Company reports Loans Held for Investment (LHFI) Portfolio Trustmark has no loan exposure in which the source of repayment or the underlying security of such exposure is tied to the realization of value from energy reserves Total energy-related sector exposure of $373.0 million with outstand
Slide 5: Credit Risk Management
Nonperforming loans decreased 6.3% and 13.8% from the prior quarter and year-over-year, respectively Other real estate declined 2.8% from the prior quarter and 21.2% year-over-year Collectively, nonperforming assets decreased 5.0% linked-quarter and 16.7% year-over-year Net charge-offs represented 0
Slide 6: Attractive, Growing Deposit Base
Deposits totaled $11.6 billion at June 30, 2019, up $31.8 million, or 0.3%, from the prior quarter and $494.2 million, or 4.5%, from the prior year Cost of interest bearing deposits in the second quarter totaled 0.99%, up 6 basis points from the prior quarter Noninterest-bearing deposits represented
Slide 7: Income Statement Highlights – Revenue
Income Statement Highlights – Revenue Net Interest Income – FTE Net Interest Margin Noninterest Income ($ in millions) Net Interest Income on Acq. Loans Net Interest Income (excl. Income on Acq. Loans) Source: Company reports ($ in millions) Total revenue in the second quarter was $157.4 million, up
Slide 8: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense Source: Company reports (1) Excludes ORE and intangible amortization Core noninterest expense, which excludes ORE and intangible amortization, totaled $105.0 million in the second quarter, an increase of 1.8% from the prior quarter and 2.3% year-over
Slide 9: Capital Management
Capital Management Source: Company reports During the second quarter, Trustmark repurchased approximately $13.0 million, or 398 thousand shares of its outstanding common stock. At June 30, 2019, Trustmark had $87.0 million in remaining authority under its existing stock repurchase program, which exp
Slide 10: Strategic Priorities to Enhance Shareholder Value
Profitable Revenue Generation Organic growth across banking, mortgage, insurance and wealth management businesses Expansion via mergers and acquisitions Leverage Technology Investments Enhance the customers’ experience Continuously improve productivity and efficiency Credit Quality Maintain discipli