Slide 1: Fourth Quarter & Fiscal Year 2020 Financial Results
Fourth Quarter & Fiscal Year 2020 Financial Results January 26, 2021 Exhibit 99.2
Slide 2: 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,” “anticipate,” “intend,” “bel
Slide 3: Financial Highlights
Financial Highlights Performance reflects value of diversified financial services businesses Source: Company reports (1) For Non-GAAP measures, please refer to the Earnings Release dated January 26, 2021 and the Consolidated Financial Information, Footnote 10 – Non-GAAP Financial Measures 3 LHFI (ex
Slide 4: Loans Held for Investment (LHFI) Portfolio
Loans Held for Investment (LHFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Source: Company reports (1) Percentages may not sum to 100% due to rounding. (2) During the first quarter of 2020, Trustmark reclassified $72.6 million of acquired loans to loans held for investm
Slide 5: Real Estate Secured Loan Portfolio Detail
Real Estate Secured Loan Portfolio Detail 5 Source: Company reports (1) Multi-Family is included in Other Real Estate Secured Loans in Financials Focus on vertical construction with limited exposure to unimproved land and development Well-diversified product and geographical mix Balanced between non
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail 6 Source: Company reports Portfolio includes commercial, financial intermediaries, agriculture production and non-profits Well-diversified portfolio with no single category exceeding 14% Small energy book and has never been an area of focused growth Virtually no regu
Slide 7: COVID-19 Impacted Industries
COVID-19 Impacted Industries 7 At December 31, 2020
Slide 8: COVID-19 Loan Portfolio Review
COVID-19 Loan Portfolio Review 8 During the fourth quarter, Trustmark conducted an updated analysis of previously reviewed borrowers receiving payment concessions and other borrowers in industries significantly impacted by COVID-19 which included certain pass rated credits of $500 thousand or more a
Slide 9: Allowance for Credit Losses
Allowance for Credit Losses Source: Company reports Does not include allowance for off balance sheet credit exposures 9 ($ in millions)
Slide 10: Credit Risk Management
Credit Risk Management Solid asset quality metrics Allowance for credit losses represented 1.19% of loans held for investment and 572.69% of nonperforming loans, excluding individually evaluated loans Net charge-offs totaled $291 thousand, or 0.01% of average loans, in the fourth quarter Other real
Slide 11: Paycheck Protection Program (PPP)
Paycheck Protection Program (PPP) Source: Company reports (1) Does not include loans that have been funded and paid off at 12/31/20 11
Slide 12: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base Deposits totaled $14.0 billion at December 31, 2020, up $826.4 million, or 6.2%, linked-quarter, and up $2.8 billion, or 24.9% year-over-year. Cost of interest-bearing deposits in the fourth quarter totaled 0.27%, down 4 basis points from the prior quarter Source: C
Slide 13: Income Statement Highlights – Net Interest Income
Income Statement Highlights – Net Interest Income Net interest income (FTE) totaled $114.3 million, resulting in a net interest margin of 3.15% in the fourth quarter. Net interest income (FTE), excluding $14.9 million of interest and fees on PPP loans, totaled $99.4 million in the fourth quarter, re
Slide 14: Income Statement Highlights – Noninterest Income
Income Statement Highlights – Noninterest Income Source: Company reports (1) Totals may not foot due to rounding Noninterest income totaled $66.1 million for the fourth quarter, down $7.6 million linked quarter due to a decline in mortgage banking revenue and a seasonal decline in insurance commissi
Slide 15: Income Statement Highlights – Mortgage Banking
Income Statement Highlights – Mortgage Banking Source: Company reports (1) Totals may not foot due to rounding Mortgage banking revenue totaled $125.8 million in 2020, an increase of $96.0 million from the previous year. Mortgage loan production totaled a record $3.0 billion in 2020, up 69.4% from t
Slide 16: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense Source: Company reports (1) Totals may not foot due to rounding (2) For Non-GAAP measures, please refer to the Earnings Release dated January 26, 2021 and the Consolidated Financial Information, Footnote 10 – Non-GAAP Financial Measures Adjusted Noni
Slide 17: Capital Management
Capital Management Solid capital position reflects consistent profitability of diversified financial services businesses Capital position remained strong in the fourth quarter with a CET1 ratio of 11.62% and a total risk-based capital ratio of 14.12% at December 31, 2020 Issued $125 million of 3.625
Slide 18: Trustmark Corporation
Trustmark Corporation Diversified financial services company headquartered in Jackson, MS, offering banking, wealth management, and risk management solutions in 183 locations throughout the Southeast U.S. Our vision is to be a premier financial services provider in our marketplace. Our mission is to