Slide 1: Second Quarter 2025 Financial Results
Second Quarter 2025 Financial Results July 22, 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 – Second Quarter 2025
Financial Highlights – Second Quarter 2025 Profitability Metrics Continue to Expand, Strong Performance Reflects Loan and Deposit Growth, Stable Credit Quality, Robust Fee Income and Disciplined Expense Management Balance • Loans held for investment (HFI) increased $223.3 million, or 1.7%, linked-qu
Slide 4: Loans Held for Investment (HFI) Portfolio
Loans Held for Investment (HFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Loans HFI (1) Loan Portfolio Composition 06/30/25(1) Change ($ in millions) (1) Other RE, 6/30/2025 LQ Y-o-Y 14% Nonfarm,Nonres, Loans secured by real estate: 26% Const., land dev. and other land
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) 06/30/25 Portfolio ($ in millions) 06/30/25 Portfolio Lots, Development and Unimproved Land $ 259 5% Construction $ 1 0% 1-4 Family Construction 302 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) 06/30/25 Portfolio finance, non-profits, and leases Manufacturing $ 378 15% Real Estate & Rental & Leasing 313 12%
Slide 7: Allowance for Credit Losses
Allowance for Credit Losses ($ in millions) $6 $167 $168 -$4 -$1 Net impact of Net impact of quantitative qualitative changes Net impact of all changes including including adjustments other changes loan growth, for credit migration, including changes in the adjustments to the prepayment macroeconomi
Slide 8: Credit Risk Management
Credit Risk Management Solid asset quality metrics • Allowance for credit losses represented 1.25% of loans HFI and 272.20% of nonaccrual loans, excluding individually evaluated loans, at June 30, 2025 • Net charge-offs (NCOs) totaled $4.1 million, including three individually analyzed credits total
Slide 9: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base (1) Deposit Mix – Average Balance Q2-25(1) Deposits ($ in millions) Change ($ in millions)(1) 6/30/2025 LQ Y-o-Y $15,406 $15,410 $15,230 $14,998 $15,158 Interest Checking $ 4,501 $ (115) $ (352) 21% 21% 21% 20% 21% Noninterest Bearing DDA 3,135 66 (18) Time Deposits
Slide 10: Income Statement Highlights – Net Interest Income
Income Statement Highlights – Net Interest Income Net Interest Income – FTE Yields and Costs (1) ($ in millions) 6.54% 6.55% $158 $158 $161 6.32% 6.19% $155 6.15% $144 3.69% 3.76% 3.75% 3.81% 3.38% 3.44% 3.41% 3.46% 3.46% 2.95% 2.94% 2.61% 2.42% 2.43% 2.19% Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q2-24 Q3-24
Slide 11: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 06/30/25 • 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 $850 million with a weighted average received fi
Slide 12: Income Statement Highlights – Noninterest Income
Income Statement Highlights – Noninterest Income Noninterest Income – Q2-25(2) (2) (1) Non-GAAP Other, net, (2) (2) Wealth 6% Significant Adjusted GAAP Management, Service Noninterest Income(2) Non-Routine Continuing 24% (1) Charges on ($ in millions) Transactions Operations Change Deposit Q2-25 Q1-
Slide 13: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense • Noninterest expense in the second quarter totaled $125.1 million, an increase of $1.1 million linked-quarter and $6.8 million year-over-year • Salaries and employee benefits in the second quarter totaled $68.3 million, a decrease of $194 thousand f
Slide 14: Capital Management
Capital Management Capital ratios remained strong, share repurchase activity continued • Capital position remained strong with a CET1 ratio of 11.70% and a total risk-based capital ratio of 14.15% at June 30, 2025 • During the second quarter, Trustmark repurchased $11.0 million, or approximately 341
Slide 15: 2025 Full Year Expectations
2025 Full Year Expectations FY 2025 Expectations(1) Guidance 2024 Actual 2Q-25 Revised Loans HFI Increase low single digits Increase mid $13.1 billion single digits Balance Sheet Deposits, excluding brokered deposits Increase low single digits Affirmed $14.8 billion Securities Remain stable Affirmed
Slide 16: Trustmark Corporation
Trustmark Corporation Who We Are Strategic Priorities to Enhance Shareholder Value • Trustmark is a diversified financial services company headquartered in Jackson, MS, providing banking and financial solutions through offices in AL, FL, GA, MS, TN and TX Focus on profitable growth to increase EPS,
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliation G Trustmark
Slide 18: Reconciliation of GAAP to Non-GAAP Results
Reconciliation of GAAP to Non-GAAP Results Quarter Ended Year Ended ($ in 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 12/31/2024 thousands, Adjusted Continuing Operations except per Net Interest Income (GAAP) a $ 158,756 $ 152,055 $ 155,848 $ 154,714 $ 141,029 $ 584,421 share data) Provision