Trustmark Corporation · NASDAQ:TRMK
Trustmark — Q3 2026 Earnings Presentation
18 slides from Trustmark's earnings presentation, Oct 27, 2026
Slide 1: Third Quarter Financial Results
Third Quarter Financial Results October 27, 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 Earnings Performance Supported by Net Interest Income Growth, Strong Credit Quality, and Strategic Actions to Enhance Future Profitability Q3-26 • Reported net income of $58.1 million, representing diluted earnings per share of $1.00 Financial • Financial results produced a ROAT
Slide 4: Loans Held for Investment (HFI) Portfolio
Loans Held for Investment (HFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Loans HFI (1) Change Loan Portfolio Composition 09/30/26(1) (1) ($ in millions) 9/30/2026 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) 09/30/26 Portfolio ($ in millions) 09/30/26 Portfolio Lots, Development and Unimproved Land $ 242 5% Construction $ 2 1% 1-4 Family Construction 356 7% Ex
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail % of Commercial Portfolio (1)(2) ($ in millions) 09/30/26 Commercial Portfolio • Portfolio includes commercial, financial intermediaries, equipment finance, non-profits, and Manufacturing $ 520 16% leases Wholesale Trade 371 12% • Credits originated by the Equipment
Slide 7: Allowance for Credit Losses
Allowance for Credit Losses ($ in millions) $5 $148 $148 -$3 -$2 Net impact of Net impact of all Net impact of quantitative other changes qualitative changes changes including including change including adjustments loan balance mix, in terms, for credit migration changes in the prepayment and adjust
Slide 8: Credit Risk Management
Credit Risk Management Strong asset quality metrics • Allowance for credit losses represented 1.07% of loans HFI and 560.10% of nonaccrual loans, excluding individually evaluated loans, at September 30, 2026 • Net charge-offs totaled $1.0 million for the third quarter which represented 0.03% of aver
Slide 9: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base (1) Deposit Mix – Average Balance Q3-26(1) Deposits ($ in millions) Change ($ in millions)(1) $15,765 $16,074 9/30/2026 LQ Y-o-Y $15,358 $15,597 $15,596 Interest Checking $ 5,036 $ 139 $ 532 20% 20% 21% 20% 19% Noninterest Bearing DDA 3,263 (111) (58) Time Deposits
Slide 10: Income Statement Highlights – Net Interest Income
Income Statement Highlights – Net Interest Income Net Interest Income – FTE Yields and Costs(1) ($ in millions) 6.21% 6.06% 5.97% $171 5.93% 5.93% $165 $166 $164 $169 3.83% 3.81% 3.81% 3.84% 3.84% 3.50% 3.46% 3.57% 3.52% 3.60% 2.44% 2.29% 2.15% 2.13% 2.17% Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Q3-25 Q4-25 Q
Slide 11: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 09/30/26 • 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 $740 million with a weighted average received fi
Slide 12: Income Statement Highlights – Noninterest Income
Income Statement Highlights – Noninterest Income Noninterest Income – Q3-26(1)(2) (2) Noninterest (2) Income(1)(1)(2) Other, net, (2) (2) Change ($ in millions) 4% Wealth Management, 9/30/2026 LQ Y-o-Y 28% Service Charges Service Charges on Deposit Accounts $ 10.6 $ 0.3 $ (0.6) on Deposit Accounts,
Slide 13: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense • Expenses remained generally stable during the quarter. Higher occupancy costs associated with the branch sale- leaseback transaction were substantially offset by disciplined management of personnel and discretionary expenses • Noninterest expense t
Slide 14: Capital Management
Capital Management Capital ratios remained strong and share repurchase activity continued • Capital position remained strong with a CET1 ratio of 11.98% and a total risk-based capital ratio of 14.57% at September 30, 2026 • Repurchased $20.1 million, or approximately 428 thousand shares, of common s
Slide 15: 2026 Full Year Expectations
2026 Full Year Expectations FY 2026 Expectations(1) Guidance 2025 Actual 4Q-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) Q3-26 Q2-26 Reported Non- Operating Reported Non- Operating (GAAP) Routine (Non-GAAP) (GAAP) Routine (Non-GAAP) Q1-26 Q4-25 Q3-25 Net interest income $ 167,647 $ - $ 167,647 $ 165,630 $ - $ 165,630 $ 160,559 $ 162,886