Slide 1: First Quarter 2018 Financial Results
Building a Premier Regional Financial Services Organization First Quarter 2018 Financial Results April 24, 2018 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-18 Financial Highlights
1Q-18 Financial Highlights Source: Company reports Trustmark continued solid financial performance At March 31, 2018: Total Assets $13.5 billion Total Loans (LHFI & Acquired) $8.7 billion Total Deposits $11.0 billion Banking Centers 199 Profitable Revenue Generation Net Income of $36.8 million in th
Slide 4: Loans Held for Investment (LHFI)
Source: Company reports Loans Held for Investment (LHFI) The first quarter decrease in LHFI was primarily the result of unanticipated pay-offs and slower than expected fundings predominantly in the Commercial Real Estate Portfolio Trustmark has no loan exposure in which the source of repayment or th
Slide 5: Credit Risk Management
Other real estate decreased 8.5% and 29.3% from the prior quarter and year-over-year, respectively Recoveries exceeded charge-offs; net recoveries represented -0.03% of average loans Allowance for loan losses represented 314.3% of nonperforming loans, excluding specifically reviewed impaired loans A
Slide 6: Acquired Loan Portfolio
Source: Company reports ($ in millions) Acquired Loan Portfolio Acquired Loans (period end balances) Acquired loan yield in the first quarter totaled 8.13% and included recoveries from settlement of debt of $594 thousand, which represented approximately 0.99% of the total yield on acquired loans The
Slide 7: Attractive, Low-Cost Deposit Base
Deposits totaled $11.0 billion at March 31, 2018, an increase of 3.8% from the previous quarter and 8.6% year-over-year Cost of deposits is 36 bps; approximately 60% of deposit balances in checking accounts Noninterest-bearing deposits represented 27% of average deposits in the first quarter Source:
Slide 8: Income Statement Highlights – Revenue
Income Statement Highlights – Revenue Net Interest Income – FTE Net Interest Margin Noninterest Income ($ 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), excluding acquired loans, total
Slide 9: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense Source: Company reports Core noninterest expense, which excludes ORE and intangible amortization, totaled $100.2 million for the first quarter Salaries and benefits expense totaled $58.5 million for the first quarter, a $345 thousand decrease from th
Slide 10: Capital Management
Capital Management Source: Company reports (1) The regulatory capital ratios for December 31, 2017 contains a reclassification adjustment of $8.5 million from AOCI to retained earnings as allowed by regulatory agencies in an interagency statement released January 18, 2018 to address disproportionate
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