Slide 1: Second Quarter 2023 Trustmark Financial Results
Exhibit 99.2 Second Quarter 2023 Zz Trustmark Financial Results July 25, 2023 \
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 Loan and deposit growth continues, credit quality remains strong, net interest income and noninterest income expand during Q2 Earnings ° Drivers Profitable . Revenue Generation Expense Management , Credit . Quality Capital . Management ZZ Trustmark Loans Held for Investment (HFI
Slide 4: Loans Held for Investment (LHFI) Portfolio
Loans Held for Investment (LHF) Portfolio Focus on profitable, credit-disciplined loan growth continued Loan Portfolio Composition 06/30/23) LHFI ($ in millions) Other RE, 8% 6/30/2023 Nonfarm-Nonres, Loans secured by real estate: C&l, 15% 28% Const., land dev. and other land loans $ 1723/$ (1) $ 28
Slide 5: Commercial Real Estate and Offices (CRE) Portfolio Detail
Commercial Real Estate and Offices (CRE) Portfolio Detail CRE Portfolio % of CRE Offices (CRE) Portfolio!) % of Offices {$ in millions) 06/30/23 Portfolio {$ in millions) 06/30/23 Portfolio Lots, Development and Unimproved Land $296 6% Construction $ 4 1% 1-4 Family Construction 353 7% Existing 276
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail % of Commercial Portfolio “ Commercial ($ in millions) 06/30/23 Portfolio Manufacturing $299 13% Real Estate & Rental & Leasing 261 12% Construction 239 10% Finance & Insurance 224 8% Retail Trade 205 8% Transportation & Warehousing 177 7% Health Care & Social Assist
Slide 7: Allowance for Credit Losses
Allowance for Credit Losses ($ in millions) $6 $2 -$1 i Net impact of veantative, qualitative Net impact of all changes includin changes including other changes “lec rowth, e adjustments to including weakenin of the the CRE prepayment eaceceonoinie concentration studies etc. reserve and the forecast
Slide 8: Credit Risk Management
Credit Risk Management Solid asset quality metrics . Allowance for credit losses represented 1.03% of loans held for investment and 301.4% of nonaccrual loans, excluding individually evaluated loans Net charge-offs totaled $1.2 million in the second quarter, which represents 0.04% of average loans C
Slide 9: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base Deposits Change ($ in millions) 6/30/2023 LQ Y-0-Y Interest Chec king $ 4954/$ (8)$ 3 Noninterest Bearing DDA 3,461 (336) (1,048) Time Deposits 2.807 638 1,666 Savings 1,149 1) (190) MMDA 2,642 (23) (287) Total Deposits $ 14,914 | $ 130 $ 144 Deposit Mix - Average B
Slide 10: Stable, Granular & Low-Exposure Deposit Base
Stable, Granular & Low-Exposure Deposit Base Deposit Accounts'3) ($ and # in thousands) $27 $27 $26 $2461 2Q-22 3Q-22 1Q-23 2Q-23 mmm Average ccouts * wont Balance per Account Deposit Cost & Cumulative Beta <_ Actual , +—— Forecast ——> 2.15% 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 mumn TRMK Beta ——=TRMK
Slide 11: Income Statement Highlights - Net Interest Income
Income Statement Highlights - Net Interest Income $116 Q2-22 Q1-23 NIM Net Interest Income - FTE ($ in millions) 150 $139 : Q4-22 Q3-22 $141 Qi-23 @ Net Interest Income Net Interest Margin 0.37% -0.37% Asset Liability Rate/Volume Rate/Volume ZZ Trustmark -0.02% Excess Liquidity $143 Q2-23 — 3.33% -0
Slide 12: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 06/30/23 Loans by Rate Index'12) Prime, 10% Book Balance: $12.8B Yield'?!: 6.08% Fixed, 43% Variable (<= 1-month), \ 38% Hybrid ARMs, Variable (> 1-month), 7% 1% Change in NII to Immediate Shocks) 3.1% 3.2% 46% 48% 1.6% 1.6% +100 bps shock
Slide 13: Income Statement Highlights - Noninterest Income
Income Statement Highlights - Noninterest Income Noninterest Income” ft) Chan ($ in millions) Ee Q2-23 LQ Y-0-Y Service Charges on Deposit Accounts $ 107/$ 04 $ 05 Bank Card and Other Fees 89 11 (1.3) Mortgage Banking, net 66 (1.0) (1.5) Insurance Commissions 14.8 0.5 14 Wealth Management 89 0.1 (0.
Slide 14: Income Statement Highlights - Mortgage Banking
Income Statement Highlights - Mortgage Banking Mortgage Loan Production Mortgage Banking Income aon ($ in millions) ($ in millions)” Q2-23 LQ Y-0-Y Mortgage servicing income, net $©6)©668l$ 600) $ 02 Change in fair value-MSR from runoff (2.7) (1.6) 11 $361 Gain on sales of loans, net Buy 0.1 (2.1) 2
Slide 15: Income Statement Highlights - Noninterest Expense
Income Statement Highlights - Noninterest Expense Noninterest Expense Change Noninterest Expense !22) Ee 0 =a ($ in millions) Salaries & Benefits $ 759|/$ 19 $ 43 $231 Services & Fees 28.3 28 37 Net Occupany - Premises rl (0.5) 02 Equipment Expense 64 (0.0) 04 4102 Total Other Expense 139 (0.2) 06 A
Slide 16: Capital Management
Capital Management Solid capital position reflects consistent profitability of diversified financial services businesses * — Capital position remained strong with a CET1 ratio of 9.87%% and a total risk-based capital ratio of 12.08% at June 30, 2023 * — During the second quarter, Trustmark did not r
Slide 17: 2023 Outlook Commentary
2023 Outlook Commentary” Loans HFI and deposit balances expected to grow mid-single digits Securities balances expected to decline by high-single digits based on non-reinvestment of portfolio cash flows, subject to impact of changes in market interest rates on AOCI Balance Sheet Net Interest NIl exp
Slide 18: Trustmark Corporation
Trustmark Corporation Who We Are * 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 Our vision is to be a premier financial services provider in our marketplace. Our mission is t