Slide 1: Third Quarter 2025 Financial Results
Third Quarter 2025 Financial Results October 28, 2025
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: Financial Highlights – Third Quarter 2025
Financial Highlights – Third Quarter 2025 Performance Reflects Continued Loan and Deposit Growth, Stable Credit Quality, Expanded Revenue and Strong Profitability Metrics Balance • Loans held for investment (HFI) increased $83.4 million, or 0.6%, linked-quarter, and a $448.0 million, or 3.4%, increa
Slide 4: Loans Held for Investment (HFI) Portfolio
Loans Held for Investment (HFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Loans HFI(1) Change Loan Portfolio Composition 09/30/25(1) (1) ($ in millions) 9/30/2025 LQ Y-o-Y Other RE, 15% Loans secured by real estate: Nonfarm,Nonres, 24% Const., land dev. and other land l
Slide 5: Commercial Real Estate and Offices (CRE) Portfolio Detail
Commercial Real Estate and Offices (CRE) Portfolio Detail CRE Portfolio(1)(2) % of CRE Offices (CRE) Portfolio(1)(2) % of Offices ($ in millions) 09/30/25 Portfolio ($ in millions) 09/30/25 Portfolio Lots, Development and Unimproved Land $ 254 5% Construction $ 1 0% 1-4 Family Construction 310 6% Ex
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail % of • Portfolio includes commercial, financial Commercial Portfolio (1)(2) Commercial intermediaries, agriculture production, equipment ($ in millions) 09/30/25 Portfolio finance, non-profits, and leases Manufacturing $ 417 15% Wholesale Trade 350 13% • Credits orig
Slide 7: Allowance for Credit Losses
Allowance for Credit Losses ($ in millions) $168 $2 $165 -$1 -$4 Net impact of Net impact of qualitative changes Net impact of all quantitative including adjustments other changes changes including for credit migration, including loan growth, adjustments to the prepayment changes in the nature and v
Slide 8: Credit Risk Management
Credit Risk Management Solid asset quality metrics • Allowance for credit losses represented 1.22% of loans HFI and 239.69% of nonaccrual loans, excluding individually evaluated loans, at September 30, 2025 • Net charge-offs (NCOs) totaled $4.4 million in the third quarter including one charge-off o
Slide 9: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base (1) Deposit Mix – Average Balance Q3-25(1) Deposits ($ in millions) Change ($ in millions)(1) 9/30/2025 LQ Y-o-Y $15,410 $15,230 $14,998 $15,158 $15,358 Interest Checking $ 4,504 $ 3 $ (56) 21% 21% 20% 21% 21% Noninterest Bearing DDA 3,321 186 178 Time Deposits 3,48
Slide 10: Income Statement Highlights – Net Interest Income
Income Statement Highlights – Net Interest Income Net Interest Income – FTE Yields and Costs(1) ($ in millions) $165 6.55% $158 $158 $161 6.32% 6.19% 6.21% $155 6.15% 3.69% 3.76% 3.75% 3.81% 3.83% 3.44% 3.41% 3.46% 3.46% 3.50% 2.94% 2.61% 2.43% 2.44% 2.42% Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q3-24 Q4-24 Q
Slide 11: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 09/30/25 • Cash flow hedge portfolio structured to mitigate asset sensitivity driven by loan portfolio mix with 52% variable rate • Active interest rate swap hedge notional at quarter end was $800 million with a weighted average received fi
Slide 12: Income Statement Highlights – Noninterest Income
Income Statement Highlights – Noninterest Income Noninterest Income – Q3-25(1) (2) (1) (1) Noninterest (2) Income(2) Other, net, 6% Change ($ in millions) Wealth Management, Q3-25 LQ Y-o-Y 25% Service Charges Service Charges on Deposit Accounts $ 11.3 $ 0.7 $ (0.0) on Deposit Accounts, 28% Bank Card
Slide 13: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense • Noninterest expense in the third quarter increased $5.8 million, or 4.7%, linked-quarter and included approximately $2.3 million in nonroutine items • Salaries and employee benefits in the third quarter totaled $71.5 million, an increase of $3.2 mi
Slide 14: Capital Management
Capital Management Capital ratios remained strong, share repurchase activity continued • Capital position remained strong with a CET1 ratio of 11.88% and a total risk-based capital ratio of 14.33% at September 30, 2025 • During the third quarter, Trustmark repurchased $11.0 million, or approximately
Slide 15: 2025 Full Year Expectations
2025 Full Year Expectations FY 2025 Expectations(1) Guidance 2024 Actual 4Q-25 Loans HFI Increase mid single digits Affirmed $13.1 billion Balance Sheet Deposits, excluding brokered deposits Increase low single digits $14.8 billion Affirmed Securities Remain stable $3.0 billion Affirmed Revised Net
Slide 16: Trustmark Corporation
Trustmark Corporation Who We Are Strategic Priorities to Enhance Shareholder Value • Trustmark is a diversified financial services company headquartered in Jackson, MS, providing banking and financial solutions through offices in AL, FL, GA, MS, TN and TX Focus on profitable growth to increase EPS,
Slide 17: Improved Financial Performance
Improved Financial Performance Net Income Available to Shareholders Diluted EPS $3.04 $186,335 $2.60 $2.74 $159,220 $166,261 $2.22 $136,481 $2.50 $153,290 $0.99 $60,918 $0.74 $45,210 2022 2023 2024 9/30/2025 YTD 2022 2023 2024 9/30/2025 YTD Net Income from Continuing Operations (GAAP) (in thousands)
Slide 18: Improved Financial Performance
Improved Financial Performance Loans HFI and Deposits NIM - FTE ($ in billions) 3.80% $15.6 $15.1 $15.6 $14.4 $13.0 $13.1 $13.5 3.51% $12.2 3.32% 3.17% 2022 2023 2024 9/30/2025 YTD 2022 2023 2024 9/30/2025 YTD Loans HFI Deposits Tangible Common Equity/Tangible Assets Tangible Book Value Per Share $2
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation CZ Trustmark
Slide 20: Reconciliation of GAAP to Non-GAAP Results
Reconciliation of GAAP to Non-GAAP Results ($ in thousands, except per share data) 20