Slide 1: Third Quarter 2023 Trustmark Financial Results
Exhibit 99.2 Third Quarter 2023 Y Trustmark Financial Results October 24, 2023 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: Financial Highlights
Financial Highlights Continued loan and deposit growth, solid credit quality and diversified fee income Earnings * Loans Held for Investment (HFI) increased $196.3 million, or 1.6%, linked- At September 30, I quarter, and $1.2 billion, or 10.6%, year-over-year Drivers Assets A bill * Deposits expand
Slide 4: Loans Held for Investment (HFI) Portfolio
Loans Held for Investment (HFI) Portfolio Focus on profitable, credit-disciplined loan growth continued Loan Portfolio Composition 09/30/23! ($ in millions) Other RE, 9/30/2023 LQ Y-0-Y Loans HF‘) Loans secured by real estate: Nonfarm,Nonres, Const., land dev. and other land loans $ 1609]$ (113) $ 3
Slide 5: Commercial Real Estate and Offices (CRE) Portfolio Detail
Commercial Real Estate and Offices (CRE) Portfolio Detail CRE Portfolio % of CRE Offices (CRE) Portfolio!) % of Offices ($ in millions) 09/30/23 Portfolio ($ in millions) 09/30/23 Portfolio Lots, Development and Unimproved Land $316 6% Construction $ 8 3% 1-4 Family Construction 339 7% Existing 280
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail . ae % of © * Portfolio includes commercial, financial Commercial Portfolio Commercial intermediaries, agriculture production, equipment ESD UES Port oko finance, non-profits, and leases Manufacturing $301 13% Real Estate & Rental & Leasin 268 12% * — Credits origina
Slide 7: Allowance for Credit Losses
Allowance for Credit Losses ($ in millions) $3 Net impact of quantitative changes including loan growth, weakening of the macroeconomic forecast, and individually analyzed reserves ACL 6/30/23 Source: Company reports Does not include allowance for off-balance sheet credit exposures Totals may not fo
Slide 8: Credit Risk Management
Credit Risk Management Solid asset quality metrics bd Allowance for credit losses represented 1.05% of loans held for investment and 273.6% of nonaccrual loans, excluding individually evaluated loans e Net charge-offs totaled $3.6 million in the third quarter, which represents 0.11% of average loans
Slide 9: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base ee Change ($ in millions) 9/30/2023 LQ Y-0-Y Interest Chec king $ 4456/$ (398) $ (400) Noninterest Bearing DDA 3,320 (141) (1,039) Time Deposits 3,399 592 2,307 Savings 1,086 (63) (259) MMDA 2,841 198 Total Deposits $ 15,102 | $ 188 $ 677 Deposit Mix - Average Balan
Slide 10: Stable, Granular & Low-Exposure Deposit Base
Stable, Granular & Low-Exposure Deposit Base Deposit Accounts!) Deposit Segmentation ($ and # in thousands) Insured vs Collateralized vs Uninsured & Uncollateralized® $27 ——_ 3% $26 $26 _ $14,425 $14,438 $14,784 $14,914 $15,102 457 461 ea 452 449 25% 23% | 22% 22% 2% faa 17% 16% 15% 12% _ Q3-22 Q4-2
Slide 11: Income Statement Highlights - Net Interest Income
Income Statement Highlights - Net Interest Income Net Interest Income - FTE Yields and Costs" 6.34% ($ in millions) 5.79% $150 $139 : $141 $142 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q3-22 Q4-22 Qt-23 Q2-23 Q3-23 @ Net Interest Income — Loan Yield —@—-NIM =—Securities Yield —®—Cost of IBL Net Interest Margin
Slide 12: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 09/30/23 - Substantial NII asset sensitivity is driven by loan portfolio mix with 49% variable rate + Total interest rate swap hedge notional at quarter end was $975 million (including $125 million of forward starting swaps) with a weighted
Slide 13: Income Statement Highlights - Noninterest Income
Income Statement Highlights - Noninterest Income Noninterest Income” Change ($ in millions) Q3-23 LQ Y-0-Y Service Charges on Deposit Accounts $ 111/$ 04 $ (0.2) Bank Card and Other Fees 82 (0.7) (1.1) Mortgage Banking, net 65 (0.1) (04) Insurance Commissions 15.3 05 14 Wealth Management 88 (0.1) (0
Slide 14: Income Statement Highlights - Mortgage Banking
Income Statement Highlights - Mortgage Banking Mortgage Loan Production Mortgage Banking In ($ in millions) peer ay Change ($in millions)” Q3-23 LQ Y-0-Y Mortgage servicing income, net $ 69/$ 02 $ 0.2 $361 $390 Change in fair value-MSR from runoff (3.2) (0.5) 03 707% 249 Gain on sales of loans, net
Slide 15: Income Statement Highlights - Noninterest Expense
Income Statement Highlights - Noninterest Expense Noninterest Expense Noninterest Expense (1X2) Chai Ssiaaele Hy ($in millions)? tos ($ in millions) Q3-23 LQ ¥-ae-Y¥ = = $231 Salaries & Benefits $ 76.71 $ 07 $ 4.0 Services & Fees 27.9 (0.4) 11 $102 Net Occupany - Premises 74 03 (0.0) Equipment Expen
Slide 16: Capital Management
Capital Management Solid capital position reflects consistent profitability of diversified financial services businesses * — Capital position remained strong with a CET1 ratio of 9.89% and a total risk-based capital ratio of 12.11% at September 30, 2023 * — During the third quarter, Trustmark did no
Slide 17: 2023 Outlook Commentary
2023 Outlook Commentary” Balance * Loans HFI and deposit balances expected to grow mid-single digits Sheet Securities balances expected to decline by high-single digits based on non-reinvestment of portfolio cash flows, subject to impact of changes in market interest rates on AOCI Net Interest NIl e
Slide 18: Trustmark Corporation
Trustmark Corporation Who We Are Strategic Priorities to Enhance Shareholder Value + Trustmark is a diversified financial services company ©) EFFICIENCY headquartered in Jackson, MS, providing banking and financial solutions through offices in AL, FL, GA, MS, TN and TX Pursue efficiency opportunitie