Slide 1: Trustmark Third Quarter 2024 Financial Results
Exhibit 99.2 Y Trustmark Third Quarter 2024 Financial Results October 22, 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: Q3-24 Financial Highlights
Q3-24 Financial Highlights Performance Reflects Increased Earnings, Enhanced Profitability, and Strengthened Capital Flexibility Balance . Loans Held for Investment (HFI) totaled $13.1 billion, a linked-quarter decrease of | AtSeptember30,2024 Sheet $55.3 million, or 0.4%, and an increase of $289.9
Slide 4: Loans Held for Investment (HFI) Portfolio
Loans Held for Investment (HFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Loan Portfolio Composition 09/30/24) Other RE, 11% Loans HH (a) Chai ($ in millions)'*) nge 9/30/2024 LQ Yo¥ Nonfarm,Nonres, Loans secured by real estate: 27% Const, land dev. and other land loans
Slide 5: Commercial Real Estate and Offices (CRE) Portfolio Detail
Commercial Real Estate and Offices (CRE) Portfolio Detail CRE Portfolio!) % of CRE es (CRE) Portfolio! % of Offices {$ in millions) 09/30/24 Portfolio ($ ions) 09/30/24 Portfolio Lots, Development and Unimproved Land $279 5% Construction $ 1 0% 1-4 Family Construction 336 6% Existing 261 100% Other
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail : % of * — Portfolio includes commercial, financial conametca Roricla Commereiat intermediaries, agriculture production, equipment (2 RUPLI ARATE Eoctollo finance, non-profits, and leases Manufacturing $340 14% , * — Credits originated by the Equipment Finance line o
Slide 7: Allowance for Credit Losses
Allowance for Credit Losses 1 millior $1 SSS Net impact of Net impact of qualitative changes Net impact of all quantitative including adjustments other changes changes including for credit migration, including changing of the adjustments to the prepayment macroeconomic CRE concentration studies, for
Slide 8: Credit Risk Management
Credit Risk Management Solid asset quality metrics * — Allowance for credit losses represented 1.21% of loans HFl and 497.27% of nonaccrual loans, excluding individually evaluated loans, at September 30, 2024 . Net charge-offs totaled $4.7 million for the third quarter, which represented 0.14% of av
Slide 9: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base Deposits Change ($ in millions) 9/30/2024 LQ Y-0-Y Interest Checking $ 4560}$ (293) $ 104 Noninterest Bearing DDA 3,143 (11) (177) Time Deposits 3,339 (74) (60) Savings 995 (24) (92) MMDA 3,204 179 363 Total Deposits $ 15,241/$ (222) $ 139 Deposit Mix - Average Bala
Slide 10: Stable, Granular & Low-Exposure Deposit Base
Stable, Granular & Low-Exposure Deposit Base Deposit Accounts'3) Deposit Segmentation ($ and # in thousands) $28 Insured vs Collateralized vs Uninsured & Uncollateralized) $26 $27 $27 $27 $15,102 $15,570 $15,339 $15,463 $15,241 465 463 460 460 22% 22% 22% 22% 23% 12% 14% 14% 14% 12% 64% Q3-23 Q4-23
Slide 11: Income Statement Highlights - Net Interest Income
Income Statement Highlights - Net Interest Income Net Interest Income - FTE Yields and Costs') ($ in millions) $158 6.34% 6.41% 6.40% 6.54% Lite $142 $136 a. eB be 189% . 1.88% Q3-23 -23 Q1-24 Q2-24 Q3-24 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Net interest income —@Loan Yield —@-NIM —Securities Yield —@®=Cos
Slide 12: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 09/30/24 * 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 13: Income Statement Highlights - Noninterest Income
Income Statement Highlights - Noninterest Income ‘Service Charges on DepositAccounts $ u3/s 109 $ t09/$ 03 02 Bank Card and Othe Fees 79 92 92 (13) (03) Mortgage Banking, net 64 42 42 19 (0.3) Wealth Management 93 97 97) (04) os Othe, net 30 248.0 (243.8) 42 a2) 06 Gains (Losse), net : (182.8) 1828
Slide 14: Income Statement Highlights - Noninterest Expense
Income Statement Highlights - Noninterest Expense * Noninterest expense in the third quarter totaled $123.3 million, an increase of $4.9 million linked-quarter *® Salaries and benefits expense increased $1.9 million from the prior quarter principally due to annual merit increases, annual incentive a
Slide 15: Capital Management
Capital Management Solid capital position reflects consistent profitability of diversified financial services businesses * Capital position remained strong with a CET1 ratio of 11.30% and a total risk-based capital ratio of 13.71% at September 30, 2024 * As previously announced, Trustmark’s Board of
Slide 16: 2024 Full Year Outlook Commentary
2024 Full Year Outlook Commentary” Reflecting closed sale of FBBI and Completed Balance Sheet Repositioning Balance * Loans HFl expected to grow low-single digits Sheet * Deposit balances, excluding brokered deposits, expected to remain relatively stable * Securities balances expected to remain stab
Slide 17: 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
Slide 18: Non-GAAP Reconciliation
Non-GAAP Reconciliation & Trustmark
Slide 19: Adjusted Continuing Operations 3Q-24 vs 2Q-24
Adjusted Continuing Operations 3Q-24 vs 2Q-24 $ in thousands, except per share data 03-24 Q2-24 [ Adjusted ] Continuing ___Disc Operations __ | Continuing Continuing Linked Operations Total Saleof Insurance | Operations | Securities Non- | Operations Qtr GAAP. GAAP_ Insurance _ Results GAAP Repositi
Slide 20: Reconciliation of GAAP to Non-GAAP Results Q1-24 and Q3-23
Reconciliation of GAAP to Non-GAAP Results 224 Q1-24 an Q323 Adjusted Continuing Operations Net Interest Income (GAAP) a $ 5474 $ 141029 $ 13289 $ 136742 $ 138637 Provision for Credit Losses (GAAP) b 6.548 19729 7.5% 6697 8,45 Less: PCL, LHFisale of 14 family mortgage loans - 833) - - - Provision f
Slide 21: Completed Significant Actions to Increase Earnings, Enhance Profitability
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