Trustmark Corporation · NASDAQ:TRMK
Trustmark — Gulf South Bank Conference 2010
27 slides from Trustmark's conference presentation, May 5, 2010
Slide 1: People you trust. Advice that works.
People you trust. Advice that works. iB rustmark Banking and Financial Solutions Gulf South Bank Conference New Orleans, Louisiana May 5, 2010
Slide 2: Forward-Looking Statements
Forward-Looking Statements @® Trustmark 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 ill” "should," “expect,” "plan," “
Slide 3: Investment Thesis
Investment Thesis Trustmark is uniquely positioned to capitalize on market opportunities ¥ Strong market share in legacy markets with growth potential in Houston and Memphis ¥ Robust capital position provides strategic flexibility ¥ Diversified and stable business mix ¥ Proven ability to generate su
Slide 4: As of March 31, 2010
As of March 31, 2010 * Total Assets * Total Loans HFI * Total Deposits * Market Cap * Banking Centers $9.3 billion $6.2 billion $7.1 billion $1.6 billion 150 Okjakoma “Tennessee Arkansas
Slide 5: Robust Capital Position Provides Strategic Flexibility
Robust Capital Position @ Teustmark Provides Strategic Flexibility ¥ Successful follow-on common stock offering in December 2009 generated $109.3 million in tangible common equity Fully repurchased $215.0 million of Preferred Stock from U.S. Treasury and redeemed Warrant for $10.0 million ¥ — Optimi
Slide 6: Robust Capital Position Relative to Peers
Robust Capital Position Relative to Peers @ Teustmark ¥ 4Q09 common equity offering and TARP redemption optimized Trustmark’s capital position Y Givenits earnings stability, Trustmark has increased its dividend over time and maintained it through the credit crisis ¥ Trustmark is one of the 27 larges
Slide 7: Diversified and Stable Business Mix
Epos AL cs . I ind Stable Business Mix For The Year Ended December 31, 2009 ($ in millions) Total Revenue $522 Total Noninterest Income $168 AutolCredit Service Card Mortgage $57 $18 enue General Banking $30 Treasury & Other $93 Insurance $29 Wealth Managem ent Mortgage a Commercial — $29 Insurance
Slide 8: Core Earnings Strength ...
0 3) Core Earnings Strength ... Financial Results @ in miffions) Profitability 1-09 2-09 3-09 4-09 Pre-tax, Pre-provision Income $57.1 $50.3 $53.8 $52.9 Net Income $26.5 $16.6 $25.5 $24.5 Net Income Available to Common Shareholders $23.4 $13.4 $22.4 $13.91) Key Ratios Net Interest Margin - FTE 4.18%
Slide 9: Driven by Best in Class Net Interest Margin and Efficiency Ratio
Driven by Best in Class Net Interest Margin @ Teustmark and Efficiency Ratio Y First class deposit franchise has enabled Trustmark to secure superior pricing, driving margin v Management’s focus on expense initiatives has translated into a top tier operating platform 1Q-10 Net Interest Margin—FTE 1Q
Slide 10: Loan Portfolio, March 31, 2010
March 31, 2010 (5 in millions) Commercial Loans $4,121 Consumer Loans $2,050 andrucion oiner and Home $55 Stats other SS a ert Mortgage Branch Political Subs $875 i oe Direct $748 Owner Occupied RE cay sme $1,042 ; Indirect CRE Income Credit Card ee Producing $40 $714 Total Loans Held for Investment
Slide 11: Prudent Credit Risk Management
Prudent Credit Risk Management @ Teustmark Y Allocation of $101.6 million allowance for loan losses represented 2.10% of commercial loans and 0.80% of consumer and home mortgage loans, resulting in an allowance to total loans of 1.65% March 31, 2010 Florida Mississippi) Tennessee) Texas Total Total
Slide 12: Dependable Core Funding Base
Dependable Core Funding Base March 31, 2010 @ in milfions) Total Deposits $7,147 Noninterest Checking $1511 Time $2,326 Interest Money ‘ Market ae $1,005 Savings ‘ $310 Souroe: SNL Rnanelal, Company reports 150% 125% 100% 75% 50% 25% 0% 1Q10 Loans HFI/ Deposits 90°90 65 a6 a4 - FHN NY SNV BXS TRMK I
Slide 13: Priorities in 2010
Priorities in 2010 ¥ Continue to manage through challenging business cycle ¥ Resolve problem assets ¥ Maintain fortress balance sheet and appropriate capital ratios Y¥ Prudent investments to support revenue growth ¥ Seek strategic opportunities to enhance long-term shareholder value Priorities in 20
Slide 14: People you trust. Advice that works.
People you trust. Advice that works. iB Trustmark janking and Financial Solutions
Slide 15: Supplemental Information
Supplemental Information 18
Slide 16: Strategic Accomplishments
Strategic Accomplishments Ty gl gt Successful follow-on common stock offering generated $109.3 million in tangible common equity, net of expenses Fully repurchased preferred shares issued to U.S. Treasury for $215 million and redeemed Warrant for $10.0 million Tangible common equity to tangible asse
Slide 17: Mississippi Market
2 mind ot >» Trustmark has $2.1 billion in loans and $3.4 billion in deposits* >» Maintain market dominance through cross-selling and retention 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
Slide 18: Houston Banking Center
Banking center > Trustmark has $778 million in loans and $475 million in deposits* Buil Wealth Management platforms ing stronger Commercial, Retail, and 2009-14 Projected | Deposit | _TRMK 2009 Population | Market | Banking Market Population Growth | Share | centers Houston MSA 5,904,080 11.48% | 0.
Slide 19: Tennessee Banking Center
NNESSEE Ba cote uncon MARSHALL Prhata MISSISSIP Banking center > Trustmark has $425 million in 2009-14 wee gat Projected Deposit TRMK loans and $642 million in deposits 2009 Population Market Banking Market Population Growth Share Centers » Focus on middle market MemphisMSA | 1,321,291 439% 2.90% 22
Slide 20: Florida Panhandle
Florida Panhandle >» Trustmark has $503 million in loans and $208 million in deposits* » Cross-sell to Fisher-Brown’s commercial insurance customers >» Focus on commercial lending and expansion of wealth management 2009-14 Projected TRMK 2009 Population Bankin County Population | Growth Centers Bay
Slide 21: Owner Occupied CRE
Owner Occupied CRE. § Loans. § $ Type § $ ‘Type Churches § 1205; to%ls 23] 19%] 8 a2{ 4d1%[$ GOS $ 45/ 37% Office 1198] 16.9% 217) 18.2% 619) 51.7% 18.0 181] 15.1% Health Care ea4| 11.1% 11a] 13.5%| 58.2| 69.8% Ea eB| 10.6%| Industrial Warehouses 86.1) 11.4% 14] 1.6%| 57.2| 86.8% a4] 05%] 270) 31.4%
Slide 22: Income Producing CRE
Income Producing CRE rch 34, 2010 Zo oo) se) Te 5 265 sii] aaox 3 Nursing Homes / Assisted Living : wis] 923% 43 Hotel Motel 28 307) 45% 110 Indust 73 43| 714% 12 Health cae : 105] aa a1 Conenience Stores 03 47| 629% 13 Other 33 622) 447s 1 Total Income Producing CRE 138 5 3999 56.0%] § 9 5 By Type
Slide 23: Construction, Land Development and Other Land Loans
‘March 31, 2010 (8 in millions) [rota Construction, Lana| Development and Other Land Loans Florida Mississipei (1) Tennessee (2) Texas het Total Yeot Loan ot Lan ect Laan ot Lown $ Loans | _$ Type 8 Type 8 Type $ Type ats B wel tas a eee 2a zr S seule 7 or Development rat] 233% a wom 8s jaan] 5. 85
Slide 24: Florida Loans by Type
%or or Loan Type Ly Loms Construction, Land Development and Other Land Loms 5 Loans |Construction, Land Development and Other Land | $ 184 36.5% | |Lots: 5 7 33% |Secured by 1-4 family residential a1 16.1% | [Development ria 14.9% ISecured by nonfarm, nonresidential 10 | 35.7%| |Unimproved ind mi 3e
Slide 25: Florida Credit Quality
Florida Credit Quality Mai $ ($i rch 34, 2010 a Trustmark Tested a) Loan Total Lose Loss Rezerve Critidzed special Impaired | Less hot Non Loans Mention Nonimpaired Nonaccrual |Impsired Loan Loss Impaired Florida Credit Quali Total Loans fen (2) soctuing __Nonscorual a Loans _Resenes Loans. Construc
Slide 26: 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 27: People you trust. Advice that works.
People you trust. Advice that works. iB Trustmark janking and Financial Solutions