Trustmark Corporation · NASDAQ:TRMK
Trustmark — Shareholder Meeting (May 2010)
15 slides from Trustmark's shareholder meeting presentation, May 11, 2010
Slide 1: Annual Shareholders' Meeting
People you trust. Advice that works. iB rustmark Banking and Financial Solutions Annual Shareholders’ Meeting May 11, 2010
Slide 2: Forward-Looking Statements
Forward-Looking Statements @® Trustmark 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 ill” "should," “expect,” "plan," “
Slide 3: Investment Thesis
Investment Thesis Trustmark is uniquely positioned to capitalize on market opportunities ¥ Strong market share in legacy markets with growth potential in Houston and Memphis ¥ Robust capital position provides strategic flexibility ¥ Diversified and stable business mix ¥ Proven ability to generate su
Slide 4: At March 31, 2010
At March 31, 2010 * Total Assets * Total Loans HFI * Total Deposits * Market Cap ° Banking Centers Financial Results ¢¢ in thousands except per share data) Net income Net income available to common shareholders Eamings per common share Retum on average tangible common equity 2009 Q1-10 $93,047 $23,4
Slide 5: Robust Capital Position Provides Strategic Flexibility
Robust Capital Position @ Teustmark Provides Strategic Flexibility ¥ Successful follow-on common stock offering in December 2009 generated $109.3 million in tangible common equity Fully repurchased $215.0 million of Preferred Stock from U.S. Treasury and redeemed Warrant for $10.0 million ¥ — Optimi
Slide 6: Robust Capital Position Relative to Peers
Robust Capital Position Relative to Peers @ Teustmark ¥ 4Q09 common equity offering and TARP redemption optimized Trustmark’s capital position Y Givenits earnings stability, Trustmark has increased its dividend over time and maintained it through the credit crisis ¥ Trustmark is one of the 27 larges
Slide 7: Diversified and Stable Business Mix
Epos AL cs . I ind Stable Business Mix For The Year Ended December 31, 2009 ($ in millions) Total Revenue $522 Total Noninterest Income $168 AutolCredit Service Card Mortgage $57 $18 enue General Banking $30 Treasury & Other $93 Insurance $29 Wealth Managem ent Mortgage a Commercial — $29 Insurance
Slide 8: Core Earnings Strength
0 3) Core Earnings Strength ... Financial Results @ in miffions) Profitability 1-09 2-09 3-09 4-09 Pre-tax, Pre-provision Income $57.1 $50.3 $53.8 $52.9 Net Income $26.5 $16.6 $25.5 $24.5 Net Income Available to Common Shareholders $23.4 $13.4 $22.4 $13.91) Key Ratios Net Interest Margin - FTE 4.18%
Slide 9: Driven by Best in Class Net Interest Margin and Efficiency Ratio
Driven by Best in Class Net Interest Margin @ Teustmark and Efficiency Ratio Y First class deposit franchise has enabled Trustmark to secure superior pricing, driving margin v Management’s focus on expense initiatives has translated into a top tier operating platform 1Q-10 Net Interest Margin—FTE 1Q
Slide 10: Loan Portfolio at March 31, 2010
March 31, 2010 (5 in millions) Commercial Loans $4,121 Consumer Loans $2,050 andrucion oiner and Home $55 Stats other SS a ert Mortgage Branch Political Subs $875 i oe Direct $748 Owner Occupied RE cay sme $1,042 ; Indirect CRE Income Credit Card ee Producing $40 $714 Total Loans Held for Investment
Slide 11: Prudent Credit Risk Management
Prudent Credit Risk Management @ Teustmark Y Allocation of $101.6 million allowance for loan losses represented 2.10% of commercial loans and 0.80% of consumer and home mortgage loans, resulting in an allowance to total loans of 1.65% March 31, 2010 Florida Mississippi) Tennessee) Texas Total Total
Slide 12: Dependable Core Funding Base
Dependable Core Funding Base March 31, 2010 @ in milfions) Total Deposits $7,147 Noninterest Checking $1511 Time $2,326 Interest Money ‘ Market ae $1,005 Savings ‘ $310 Souroe: SNL Rnanelal, Company reports 150% 125% 100% 75% 50% 25% 0% 1Q10 Loans HFI/ Deposits 90°90 65 a6 a4 - FHN NY SNV BXS TRMK I
Slide 13: Strategic Accomplishments
Strategic Accomplishments Ty gl gt Successful follow-on common stock offering generated $109.3 million in tangible common equity, net of expenses Fully repurchased preferred shares issued to U.S. Treasury for $215 million and redeemed Warrant for $10.0 million Tangible common equity to tangible asse
Slide 14: Priorities in 2010
Priorities in 2010 ¥ Continue to manage through challenging business cycle ¥ Resolve problem assets ¥ Maintain fortress balance sheet and appropriate capital ratios Y¥ Prudent investments to support revenue growth ¥ Seek strategic opportunities to enhance long-term shareholder value Priorities in 20
Slide 15: People you trust. Advice that works.
People you trust. Advice that works. iB Trustmark janking and Financial Solutions