Slide 1: Third Quarter 2019 Financial Results
Third Quarter 2019 Financial Results October 22, 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: Q3-19 Financial Highlights
Profitable Revenue Generation Expense Management Credit Quality Capital Management LHFI increased $106.9 million, or 1.2%, from the prior quarter and $476.6 million, or 5.4%, Y-o-Y The net interest margin (FTE), excluding acquired loans, was 3.61% in the third quarter, up 1 basis point from the prio
Slide 4: Loans Held for Investment (LHFI) Portfolio
Loans Held for Investment (LHFI) Portfolio Focus on profitable, credit-disciplined loan growth continued 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 ex
Slide 5: Credit Risk Management
Credit Risk Management Solid asset quality metrics continued in Q3-19 Nonperforming loans totaled $59.0 million, representing 0.62% of total loans (including LHFS) in Q3-19 Allowance for loan losses represented 357.15% of nonperforming loans, excluding specifically reviewed impaired loans Net charge
Slide 6: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base Deposits totaled $11.3 billion at September 30, 2019, down $312.4 million, or 2.7%, from the prior quarter and up $297.3 million, or 2.7%, from the prior year Cost of interest bearing deposits in the third quarter totaled 0.96%, down 3 basis points from the prior qu
Slide 7: Income Statement Highlights – Net Interest Income
Income Statement Highlights – Net Interest Income Net interest income (FTE), excluding acquired loans, totaled $109.4 million in the third quarter, an increase of 0.4% from the prior quarter and 3.1% year-over-year Inclusive of acquired loans, net interest income (FTE) increased 0.7% from the prior
Slide 8: Income Statement Highlights – Noninterest Income
Income Statement Highlights – Noninterest Income Noninterest income totaled $48.3 million, down 2.6% linked-quarter and up 2.6% year-over-year Mortgage loan production in the third quarter totaled $566.2 million, up 36.7% from the prior quarter and 42.4% year-over-year. Gain on sales of loans, net t
Slide 9: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense Core noninterest expense, which excludes ORE and intangible amortization, totaled $105.3 million in the third quarter, an increase of 0.3% from the prior quarter and 2.5% year-over-year Salaries and employee benefits increased $546 thousand from the
Slide 10: Capital Management
Capital Management Solid capital position reflects consistent profitability of diversified financial services businesses During the third quarter, Trustmark repurchased approximately $4.5 million, or 139 thousand shares of its outstanding common stock. At September 30, 2019, Trustmark had $82.5 mill
Slide 11: Profitable Revenue Generation / Who We Are
Profitable Revenue Generation Organic growth across banking, mortgage, insurance and wealth management businesses Expansion into growth markets across the Southeast via mergers and acquisitions Enhance the customers’ experience Continuously improve productivity and efficiency Maintain disciplined un