Trustmark Corporation · NASDAQ:TRMK
Trustmark — Q2 2026 Earnings Presentation
18 slides from Trustmark's earnings presentation, Jul 29, 2026
Slide 1: Second Quarter Financial Results
Second Quarter Financial Results July 28, 2026
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
Financial Highlights Strong Performance Reflects Continued Loan and Deposit Growth, Enhanced Credit Quality, Expanded Net Interest Income, and Continued Technology Investments Q2-26 • Reported net income of $63.5 million, representing diluted earnings per share of $1.08 At June 30, 2026 Financial •
Slide 4: Loans Held for Investment (HFI) Portfolio
Loans Held for Investment (HFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Loans HFI (1) Change Loan Portfolio Composition 06/30/26(1) ($ in millions) (1) 6/30/2026 LQ Y-o-Y Other RE, 14% Nonfarm,Nonres, Loans secured by real estate: 23% 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) 06/30/26 Portfolio ($ in millions) 06/30/26 Portfolio Lots, Development and Unimproved Land $ 229 5% Construction $ 1 1% 1-4 Family Construction 327 6% Ex
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail % of Commercial Portfolio (1)(2) ($ in millions) 06/30/26 Commercial Portfolio • Portfolio includes commercial, financial intermediaries, agriculture production, equipment Manufacturing $ 513 16% finance, non-profits, and leases Wholesale Trade 398 12% • Credits orig
Slide 7: Allowance for Credit Losses
Allowance for Credit Losses ($ in millions) $8 $160 -$8 Net impact of Net impact of $3 $148 quantitative qualitative changes changes -$15 including loan including growth, changes adjustments for Impact of Net impact of in the credit migration mortgage sale all other macroeconomic and adjustments (Re
Slide 8: Credit Risk Management
Credit Risk Management Solid asset quality metrics • Allowance for credit losses represented 1.07% of loans HFI and 797.98% of nonaccrual loans, excluding individually evaluated loans at June 30, 2026 • Net charge-offs totaled $7.5 million for the second quarter; excluding the Mortgage Loan Sale, ne
Slide 9: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base (1) Deposit Mix – Average Balance Q2-26(1) Deposits ($ in millions) (1) Change ($ in millions) 6/30/2026 LQ Y-o-Y $15,158 $15,358 $15,597 $15,596 $15,765 Interest Checking $ 4,897 $ 39 $ 396 19% 20% 21% 21% 20% Noninterest Bearing DDA 3,374 278 238 Time Deposits 3,6
Slide 10: Income Statement Highlights – Net Interest Income
Income Statement Highlights – Net Interest Income Net Interest Income – FTE Yields and Costs(1) ($ in millions) 6.19% 6.21% 6.06% $166 $169 5.93% 5.93% $161 $165 $164 3.81% 3.83% 3.81% 3.81% 3.84% 3.46% 3.50% 3.46% 3.57% 3.52% 2.42% 2.44% 2.29% 2.15% 2.13% Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q2-25 Q3-25 Q
Slide 11: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 06/30/26 • Cash flow hedge portfolio structured to mitigate asset sensitivity driven by loan portfolio mix with 53% variable rate • Active interest rate swap hedge notional at quarter end was $800 million with a weighted average received fi
Slide 12: Income Statement Highlights – Noninterest Income
Income Statement Highlights – Noninterest Income Noninterest Income – Q2-26(1) (2) (2) (1) Noninterest Income(1)(2) (2) Other, net, Change 8% ($ in millions) 6/30/2026 LQ Y-o-Y Wealth Service Charges Management, on Deposit Service Charges on Deposit Accounts $ 10.4 $ (0.3) $ (0.2) 26% Accounts, 24%
Slide 13: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense • Noninterest expense totaled $133.7 million in the second quarter, an increase of $1.5 million linked-quarter • Salaries and employee benefits in the second quarter totaled $73.0 million, a decrease of $1.3 million, or 1.7%, linked- quarter principa
Slide 14: Capital Management
Capital Management Capital ratios remained strong, and share repurchase activity continued • Capital position remained strong with a CET1 ratio of 11.87% and a total risk-based capital ratio of 14.47% at June 30, 2026 • Repurchased $21.1 million, or approximately 475 thousand shares, of common stock
Slide 15: 2026 Full Year Expectations
2026 Full Year Expectations FY 2026 Expectations(1) Guidance 2025 Actual 3Q-26 Loans HFI Increase mid single digits Affirmed $13.7 billion Balance Sheet Deposits, excluding brokered deposits Increase mid single digits Affirmed $15.2 billion Securities Remain stable Affirmed $3.1 billion Net Interest
Slide 16: Trustmark Corporation
Trustmark Corporation Who We Are Strategic Priorities to Enhance Shareholder Value • Trustmark is a diversified financial services company headquartered in Jackson, MS, providing banking and financial solutions through offices in AL, FL, GA, MS, TN and TX Focus on profitable growth to increase EPS,
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliation CZ Trustmark
Slide 18: Reconciliation of GAAP to Non-GAAP Results
Reconciliation of GAAP to Non-GAAP Results ($ in thousands, except per share data) Q2-26 Q1-26 Q4-25 Q3-25 Q2-25 Operating Net Income Net Interest Income (GAAP) a $ 165,630 $ 160,559 $ 162,886 $ 162,441 $ 158,756 Provision for Credit Losses (GAAP) b (3,244) 2,740 1,215 1,685 4,676 Add: PCL, LHFI sal