Slide 1: First Quarter 2019 Financial Results
Building a Premier Regional Financial Services Organization First Quarter 2019 Financial Results April 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: 1Q-19 Financial Highlights
1Q-19 Financial Highlights Source: Company reports Continued solid financial results At March 31, 2019: Total Assets $13.5 billion Total Loans (LHFI & Acquired) $9.1 billion Total Deposits $11.5 billion Banking Centers 195 Profitable Revenue Generation Loans held for investment (LHFI) increased $159
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 $370.1 million with outstand
Slide 5: Credit Risk Management
Nonaccrual loans decreased $5.2 million, or 8.4%, linked quarter and $12.3 million, or 17.9%, year-over-year Other real estate declined $2.5 million, or 7.3%, linked quarter and $7.4 million, or 18.7%, year-over-year Collectively, nonperforming assets decreased $7.7 million, or 8.0%, linked quarter
Slide 6: Attractive, Growing Deposit Base
Deposits totaled $11.5 billion at March 31, 2019, an increase of $170.4 million , or 1.5%, from the previous quarter and an increase of $559.0 million , or 5.1%, from the prior year Cost of deposits is 70 basis points; approximately 58% of deposit balances in checking accounts Noninterest-bearing de
Slide 7: Income Statement Highlights – Revenue
Income Statement Highlights – Revenue Net Interest Income – FTE Net Interest Margin Noninterest Income ($ in millions) Net Interest Income on Acq. Loans Net Interest Income (excl. Income on Acq. Loans) Source: Company reports ($ in millions) Net interest income (FTE), excluding acquired loans, total
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 $103.2 million for the first quarter, a 0.6% increase from the prior quarter Salaries and benefits
Slide 9: Capital Management
Capital Management Source: Company reports During the first quarter, Trustmark repurchased approximately $36.9 million, or 1.2 million shares of its outstanding common stock, which completed the $100 million share repurchase program announced in 2016. As previously disclosed, Trustmark announced a n
Slide 10: 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