Slide 1: Fourth Quarter & Fiscal Year 2024 Financial Results
WY) Trustmark N Exhibit 99.2 Fourth Quarter & Fiscal Year 2024 Financial Results January 28, 2025
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 Earnings and profitability significantly enhanced, share repurchase activity resumed, quarterly cash dividend increased Balance . Loans Held for Investment (HF!) totaled $13.1 billion, a linked-quarter decrease of $10.2 Sheet million, or 0.1%, and an increase of $139.4 million,
Slide 4: Loans Held for Investment (HFI) Portfolio
Loans Held for Investment (HFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Loans HFI Cha ($ in millions)” ne 12/31/2024 LQ Y-o-Y Loans secured by real estate: Const., land dev. and other land loans $ 1417|$ (171) $ (94) Secured by 1-4 family residential prop. 2,950 55 45
Slide 5: Commercial Real Estate and Offices (CRE) Portfolio Detail
Commercial Real Estate and Offices (CRE) Portfolio Detail % of CRE Offices (CRE) Portfolio™ % of Offices ($in millions) 12/31/24 Portfolio ($ in millions) 12/31/24 Portfolio Lots, Development and Unimproved Land $269 5% Construction $ 1 0% 1-4 Family Construction 319 6% Existing 243 100% Other Const
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail re ees - of — *® — Portfolio includes commercial, financial ommercial Pot 10 ommercial A — 4, . om (Sin iions) 12/91/24 Portfolio Intermediaries, agriculture production, equipment Manufacturing $315 13% p * — Credits originated by the Equipment Finance line of Real E
Slide 7: Allowance for Credit Losses
Allowance for Credit Losses $5 Eee. es “$1 -$2 Net impact of Net impact of all Net impact of qualitative changes other changes quantitative including adjustments including changes including for credit migration, prepayment changes in the adjustments to the studies, macroeconomic CRE concentration se
Slide 8: Credit Risk Management
Credit Risk Management Solid asset quality metrics ° — Allowance for credit losses represented 1.22% of loans HFI and 341.20% of nonaccrual loans, excluding individually evaluated loans, at December 31, 2024 © — Net charge-offs totaled $4.6 million for the fourth quarter, which represented 0.14% of
Slide 9: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base Deposits ($ in millions) inge 12/31/2024 LQ Y-0-Y Interest Checking $ 4,714/$ 154 $ (298) Noninterest Bearing DDA 3,074 (69) (124) Time Deposits 3,193 (146) (184) Savings 980 (14) (72) MMDA 3,147 (57) 216 Total Deposits $ 15,108 | $ (133) $ (462) Deposit Mix - Avera
Slide 10: Stable, Granular & Low-Exposure Deposit Base
Stable, Granular & Low-Exposure Deposit Base Deposit Accounts‘2*) Deposit Segmentation ($ and # in thousands) $28 Insured vs Collateralized vs Uninsured & Uncollateralized') $27 $27 oT $28 465 463 $15,570 $15,339 $15,463 $15,241 $15,108 460 460 457 22% 22% 22% 23% 24% 14% 14% 14% 12% 12% 64% 64% 64%
Slide 11: Income Statement Highlights - Net Interest Income
Income Statement Highlights - Net Interest Income Net Interest Income - FTE ($ in millions) $158 144 ; [ l Q4-23 Q1-24 Q2-24 Q3-24 Net Interest Income Net Interest Margin 0.27% — = ~ Liability Asset Rate/Volume Rate/Volume 3-24 NIM @ Trustmark $158 Q4-24 3.76% Q4-24NIM Yields and Costs) 6.54% 6.55%
Slide 12: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 12/31/24 * 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 $850 million with a weighted average received fi
Slide 13: Income Statement Highlights - Noninterest Income
Income Statement Highlights - Noninterest Income Noninterest Income - Q4-24 (1X2) Total Total Significant Adjusted Total Other, net, Noninterest income"? Operating Operating Non-Routine Continuing Operating 11% ($ in millions) Results Results Transactions Operations Results . — Service Charges on Q4
Slide 14: Income Statement Highlights - Noninterest Expense
Income Statement Highlights - Noninterest Expense Total Noninterest Expense ($ in millions) Operating Results Total Results Total Results Significant Operating Operating Non-Routine Transactions Adjusted Continuing Operations Q4-24 2023 2023 2023 LQ '23-'24 Salaries & Benefits $ 69.2|$ 2663|$ 268.3
Slide 15: Capital Management
Capital Management Capital ratios remained strong, share repurchase activity resumed, quarterly cash dividend increased * — Capital position remained strong with a CET1 ratio of 11.54% and a total risk-based capital ratio of 13.97% at December 31, 2024 * — During the fourth quarter, and for the twel
Slide 16: 2025 Full Year Expectations
2025 Full Year Expectations FY 2025 Expectations 2024 Actual Balance Sheet Loans HF Increase low single digits $13.1 billion Deposits, excluding brokered deposits Increase low single digits $14.8 billion Securities Remain stable $3.0 billion - Net Interest Net Interest Margin Range of 3.75% to 3.85%
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 WY Trustmark
Slide 19: Adjusted Continuing Operations Year-Over-Year
Adjusted Continuing Operations Year-Over-Year $ in thousands, except per share data Year Ended 12.31.24 Year Ended 12.31.23 Adjusted Disc Adjusted Disc Operations __| Continuing Continuing Operations - | Continuing Continuing Total Saleof insurance | Operations | Securities Non- | Operations Total I
Slide 20: Reconciliation of GAAP to Non-GAAP Results
Reconciliation of GAAP to Non-GAAP Results 1213172024 _V30/2024 —_ 3012024 _W31/2024_ 12/31/2023 12/31/2024 _12131/2023 Net intere st income (GAAP) $ 15584 $ 154714 $ 141029 $ 13289 $ 136742 $ SB4421 $ 552878 Proveton for Credit Losses (GAAP) > TAG sas 19723 75% 6es7 41255 24581 Less PCL LAF mie of
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 e Completed the previously announced sale of Fisher Brown Bottrell Insurance, Inc. (FBBI) o Capitalized on sale of insurance b