Slide 1: Trustmark Second Quarter 2024 Financial Results
Exhibit 99.2 Y Trustmark Second Quarter 2024 Financial Results July 23, 2024 N
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: Completed Significant Actions to Increase Earnings, Enhance Profitability Profile, Reduce Risk
Completed Significant Actions to Increase Earnings, Enhance Profitability Profile, Reduce Risk, and Strengthen Capital Flexibility Q2-24 Significant Non-Routine Transactions ° Completed the previously announced sale of Fisher Brown Bottrell Insurance, Inc. (FBBI) o Capitalized on sale of insurance b
Slide 4: Adjusted Continuing Operations 2Q-24 vs 1Q-24
Adjusted Continuing Operations 2Q-24 vs 1Q-24 $ in thousands, except per share data Q2.24 Q1-24 Adjusted Disc Disc Operations | Continuing Continuing Operations - | Continuing Linked Total Sale of | Insurance | Operations | Securities Non- | Operations Total Insurance | Operations Qtr -GAAP_ Insuran
Slide 5: Q2-24 Financial Highlights
Q2-24 Financial Highlights Completed Significant Actions to Increase Earnings, Enhance Profitability Profile, Reduce Risk, and Strengthen Capital Flexibility Balance + Loans Held for Investment (HFl) increased $97.5 million, or 0.7%, linked-quarter, and $541.5 million, or 4.3%, year-over-year Sheet
Slide 6: 2024 Full Year Outlook Commentary
2024 Full Year Outlook Commentary” Reflecting closed sale of FBBI and Completed Balance Sheet Repositioning Loans HFI expected to grow low-single digits Deposit balances expected to grow low-single digits Securities balances expected to remain stable at about 2Q24 ending balance based on reinvestmen
Slide 7: Loans Held for Investment (HFI) Portfolio
Loans Held for Investment (HFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Loan Portfolio Composition 06/30/24 Change Other RE, 6/30/2024 LQ Y-0-Y 10% Loans secured by real estate: Nonfarm,Nonres, Const., land dev. and other land loans $ 1639 | $ 100 $ (84) C&I, 14% _ Se
Slide 8: Commercial Real Estate and Offices (CRE) Portfolio Detail
Commercial Real Estate and Offices (CRE) Portfolio Detail CRE Portfolio!) % of CRE Offices (CRE) Portfolio! ($ in millions) 06/30/24 Portfolio $i 06/30/24 Lots, Development and Unimproved Land $ 300 6% $ 22 1-4 Family Construction 317 6% Existing 257 Other Construction 1,022 19% Total Offices $ 279
Slide 9: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail : ii % of * — Portfolio includes commercial, financial Commercial Portfolio Commercial intermediaries, agriculture production, equipment {Sinmilions) Dorsvies Eortfolle finance, non-profits, and leases Manufacturing $371 15% . * — Credits originated by the Equipment
Slide 10: Allowance for Credit Losses
Allowance for Credit Losses ($ in millions) -$1 Net impact of quantitative changes including loan growth, changing of the macroeconomic forecast, and individually analyzed reserves ACL 3/31/24 Source: Company reports Does not include allowance for off balance sheet credit exposures Totals may not fo
Slide 11: Credit Risk Management
Credit Risk Management Solid asset quality metrics ad Allowance for credit losses represented 1.18% of loans HFI and 840.20% of nonaccrual loans, excluding individually evaluated loans, at June 30, 2024 Net charge-offs totaled $11.6 million for the second quarter; excluding the Mortgage Loan Sale, n
Slide 12: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base Deposits Change ($ in millions) 6/30/2024 LQ Y-0-Y Interest Checking $ 4,853 | $ (21) $ (1) Noninterest Bearing DDA 3,154 114 (308) Time Deposits 3,413 90 606 Savings 1,018 (25) (131) MMDA 3,026 (34) 383 Total Deposits $15,463 |$ 124 $ 549 Deposit Mix - Average Bala
Slide 13: Stable, Granular & Low-Exposure Deposit Base
Stable, Granular & Low-Exposure Deposit Base Deposit Accounts!) Deposit Segmentation ($ and # in thousands) Insured vs Collateralized vs Uninsured & Uncollateralized®) os 506 $27 gar $14,914 $15,102 $15,570 $15,339 $15,463 22% 22% 14% 14% 64% 64% Q2-23 Q3-23 Q1-24 Q2-24 mmm Average a 8 ono Balance p
Slide 14: Income Statement Highlights - Net Interest Income
Income Statement Highlights - Net Interest Income Net Interest Income - FTE ($ in millions) $143 $142 $136 Q2-23 Q3-23 Qi-24 Net Interest Income Net Interest Margin 0.05% 3.21% — om "0.01% Securities Liability Rate/Volume Restructuring Rate/Volume Q1-24 NIM Q2-24 3.38% Q2-24 NIM Yields and Costs(1)
Slide 15: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 06/30/24 Substantial NII asset sensitivity is driven by loan portfolio mix with 51% variable rate Total interest rate swap hedge notional at quarter end was $1.165 billion (including $315 million of forward starting) with a weighted average
Slide 16: Income Statement Highlights - Noninterest Income
Income Statement Highlights - Noninterest Income Noninterest Income - Q2-24 (1X2) Other, net, 11% ‘Non- Noninterest Income? ($ in millions) Service Charges on Deposit Accounts y E Bank Card and Other Fees 18 03 Mortgage Banking, net (4.7) (2.4) Wealth Management 07 08 Other, net 2480 (243.8) re 15 S
Slide 17: Income Statement Highlights - Noninterest Expense
Income Statement Highlights - Noninterest Expense * Noninterest expense in the second quarter totaled $118.3 million, a decrease of $1.3 million linked-quarter * Salaries and benefits expense declined $0.6 million from the prior quarter principally due to reduced compensation expense and a seasonal
Slide 18: Capital Management
Capital Management Solid capital position reflects consistent profitability of diversified financial services businesses * — Capital position remained strong with a CET1 ratio of 10.92% and a total risk-based capital ratio of 13.29% at June 30, 2024 * As previously announced, Trustmark’s Board of Di
Slide 19: 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
Slide 20: Reconciliation of GAAP to Non-GAAP Results
Reconciliation of GAAP to Non-GAAP Results 24 _Qt24 _ 4 _Q3230 _ G23 Adi Pontineha Ouse Net Interest Income (GAAP) a $ 144,023 $ 13289 $ 16742 $ 18,87 $ 139904 Provision for Credit Losses (GAAP) b 19,723 756 6597 8455 Less: POL, LHFI sd of 1-4 family mortage bans (8833) Se = i i c 11,096 756 6897 Ev