Slide 1: Third Quarter 2017 Financial Results
Third Quarter 2017 Financial Results October 24, 2017 Building a Premier Regional Financial Services Organization 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: Financial Highlights
Financial Highlights Source: Company reports Continued solid performance – Q3-17 EPS of $0.51 At September 30, 2017: Total Assets $13.9 billion Total Loans (LHFI & Acquired) $8.7 billion Total Deposits $10.2 billion Banking Centers 198 2017: Q3-17 Net Income $34.6 million EPS – Diluted $0.51 Dividen
Slide 4: Loans Held for Investment (LHFI)
Source: Company reports Loans Held for Investment (LHFI) Continued growth in LHFI, while remaining focused on credit quality and profitability Linked-quarter loan growth by state ($ in millions): AL $77 MS $25 FL $10 TX $5 TN ($6) Trustmark has no loan exposure in which the source of repayment or th
Slide 5: Credit Quality and Hurricane Harvey Loan Loss Reserve
Non-acquired loan provision of $3.7 million includes a $1.1 million specific reserve for loan losses related to Hurricane Harvey All loans in which the collateral, project, or mailing address were in FEMA designated disaster zip codes were identified Achieved coverage of approximately 97% of the $1.
Slide 6: Acquired Loan Portfolio
Source: Company reports ($ in millions) Acquired Loan Portfolio Acquired Loans (period end balances) Acquired loan yield in the third quarter totaled 8.78% and included recoveries from settlement of debt of $1.3 million, which represented approximately 1.8% of the total yield on acquired loans The y
Slide 7: Attractive, Low-Cost Deposit Base
Deposits totaled $10.2 billion at September 30, 2017, a decline of $191.6 million, or 1.8%, compared to the previous quarter, primarily due to seasonal decline in public funds deposits Strength of franchise reflected in our low cost of deposits of 25 bps; approximately 58% of deposit balances in che
Slide 8: Income Statement Highlights – Revenue
Income Statement Highlights – Revenue Net Interest Income – FTE Net Interest Margin Noninterest Income ($ 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) totaled $108.9 million for the t
Slide 9: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense Source: Company reports Routine noninterest expense, excluding ORE and intangible amortization, totaled $100.7 million for the third quarter – remaining well controlled from the prior quarter Salaries and benefits expense was $58.8 million, a margina
Slide 10: Capital Management
Capital Management Source: Company reports Tangible equity to tangible assets ratio was 8.79%, while the total risk-based capital ratio was 13.19% in the third quarter During the third quarter, Trustmark did not repurchase any of its common shares. The repurchase program, which is subject to market
Slide 11: 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