Trustmark Corporation · NASDAQ:TRMK
Trustmark — Gulf South Bank Conference 2007
26 slides from Trustmark's conference presentation, Apr 30, 2007
Slide 1: Gulf South Bank Conference
Gulf South Bank Conference New Orleans, Louisiana April 30, 2007
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements contained in this presentation are not statements of historical fact and constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are nat limited to,
Slide 3: Corporate Profile
Corporate Profile As of March 31, 2007 Trustmark is an integrated ennanaee provider of banking and financial solutions = $8.9 billion in total assets = $450 million in revenue* a Investment Ratings - Moody's: A2 - S&P: BBB+ Corporate Infrastructure @ 150 Banking Centers ee ie was Repertes tating aw
Slide 4: Reasons to Invest in Trustmark
Reasons to Invest in Trustmark = Strong profitability metrics = Solid, well-positioned balance sheet = Diversified business mix = Expanded presence in attractive growth markets Positioned for growth and profitability
Slide 5: Strategic Focus
Strategic Focus a Increase loans and deposits a Build upon success of Wealth Management and Insurance businesses a Manage investments in human capital and infrastructure to promote revenue growth a Enhance long-term shareholder value
Slide 6: Balance Sheet
Balance Sheet (8 in thousands) Net Loans $6,067,164 $6,663,620 | 596,456 9.8% Securities & Fed Funds 1,316,559 1,099,050 | (217,509) | -16.5% Earning Assets 7,383,723 7,162,670 | 378,947 5.1% Total Assets 8,201,725 8,814,787 | 613,062 75% Total Deposits 6,184,505 7,114,993 | 930,488] 15.0% Borrowing
Slide 7: Loans By Loan Type
Loans By Loan Type inbitons) Commercial oz (Sie ousands) RIE Construction | $789,134 | $4,000,006 | $210,872 | 26.1% Real Estate sassz12 | 1.303230 | r90,118 | 15.9% "4 Fariy we Commercial sansa | 1,155,025 | 235,641 | 25.6% By State 4-4 Family aes124 | 1,805,469 | (59,659 | 2.2% Srbatons “07 Consum
Slide 8: Deposits By Deposit Type
T By Deposit Type Deposits y Deposit Typ nent oko we (Bin tousands) enone Tie March31, Growth yor wT 2006, 2007 $ % Noninterest Checking $1,428,206 | $4,522,066 | $93,860 | 6.6% Menai savngs et $03 Interest Checking | 1,506,765 | 4,740,403 | 233,638 | 15.5% Savings 306.321 | 290.71] (15,450) | 5.0%
Slide 9: Florida Panhandle
Florida Panhandle {= §0nasuyghron = Trustmark has $696 million Rae ; in loans and $256 million in oi deposits* a = Cross-sell to Fisher- ~ Brown's 4,000 commercial insurance customers = Expand Wealth = Management B basingbronehes . a 2 new banking centers to open by end of 2007 Ea a New headquarters
Slide 10: Houston
Houston 1 Futurebranches 8 Existing branches, a Trustmark has 14 cox banking centers with ~~ $730 million in loans and aos $662 million in deposits* = Building stronger Commercial, Retail, and Wealth Management platforms = 3 new banking centers to open by early 2008 Depasit | _TRMK 2005 | 2006-11 Pr
Slide 11: Southern Mississippi
Southern Mississippi a Trustmark has $654 million in came loans and $1.6 billion in sent deposits* a 1 new banking center to open . © otturg in 34 Qtr 2007 = 2 new banking centers to open by early 2008 cia aoeu1 | TaN] Bepoat | TRuK 200 | projected | omostsr | ‘tart | ening aka foputaion | Pop Srowh
Slide 12: People you trust. Advice that works.
People you trust. Advice that works.
Slide 13: Supplemental Information
Supplemental Information
Slide 14: Peer Group
Peer Group (Bin bitons) |Chittensten Comporation IMB Financial, ne. Jota tational Banco [Suajuchanna Bancshares Ine. Tike Total Asvets | Capitalization Peer Banks 1731206 | 33107 [Sky Financial Group, Inc. TT 32 lcullenFrost Bankers, Inc. B2 af [Valley National Bancorp al 29 febster Financial Corpor
Slide 15: Key Ratios
Key Ratios Strong performance on mid-cap banking metrics For the year ended 2006 5 Yr Avg TRMK Peer TRMK Peer 2006 Median _|5YrAvg Median Net Interest Margin (FTE) 3.84% 3.81% | 4.09% 3.89% Efficiency Ratio 58.87% 57.48% | 54.26% 58.03% Return on Average Tangible Equity | 20.78% 18.08% | 19.73% 18.8
Slide 16: Projected Principal Roll-off
Projected Principal Roll-off Taxable Investment Securities (8 in millions) Total Taxable Securities at December 31, 2006: $912.5 -9 years Average duration of taxable securities portfolio: 2008 $228.3] 3.73% 2009 $106.6] 4.45%
Slide 17: Capital Management
Capital Management = Dividends ~ Increased quarterly dividend per share 4.8% to $0.22, or $0.88 annually in 2006 - 24! consecutive year of increased dividends = Share Repurchase Program - Repurchased 631 thousand shares ($18.8 million) in 2006 - Repurchased 21.3 million shares ($479.2 million) since
Slide 18: Total Loans
Total Loans 4" Quarter Average (8 in bitions)
Slide 19: Credit Quality
Credit Quality $100.0 (8 in millions) $80.0 $743 $72.4 $60.0 $40.0 $20.0 2001 2002 2003 2004 = 2005 2006 wee Allowance for Loan and Lease Losses (ALLL) e-Non? erforming Assets PA) 2001 [2002 [2003 [2008 [2005 [2006 INPA‘Total Loans + ORE 0.9% | 08z% | 059% | 05th | 056% | 0.59% INet Charge Offs Aver
Slide 20: Total Deposits
Total Deposits 4” Quarter Average (8 in bitlons) $7.0 $6.0 $5.0 $4.0 $3.0
Slide 21: Branching Initiatives
Branching Initiatives = Balance efforts to augment productivity in mature, lower growth markets with opportunities to expand in higher growth markets - Opened 7 strategically positioned banking centers in 2006 - Closed 5 banking centers with limited potential in 2006 - Anticipate opening 12 banking
Slide 22: Positioned for Success in Attractive Markets
Positioned for Success in Attractive Markets Houston 5,587,606 14.2% 662 0.8% 4 3 Memphis 1,113,280 6.4% 698 2.1% 2 1 Jackson 478,278 6.5% 3149 | 37.7% 2 2 Florida Panhandle 419,400 B.1% 256 43% a 3 Souther MS | 824,280 6.9% 1572] 12.0% 2 3
Slide 23: 2006 Revenue and Noninterest Income Composition
2006 Revenue and Noninterest Income Composition in millions) Total Revenue a ? $436 Million Commercial & Retail Banling $007 ‘Ata Finance Cracit Card $a Total Noninterest Income $155 Million wean Management $23 ‘Wealth Treasury Management | a cther $28 7 Genera Banking $92 Insurance 4 other $6 ‘10 F
Slide 24: Financial Services
Financial Services Wealth Management a Assets under management and administration of $7.0 billion with additional $1.2 billion in brokerage assets at year end 2006 Mortgage a Mortgage loan production totaled $1.3 billion in 2006 Insurance a Ranked 30" largest bank-owned insurance agency based on rev
Slide 25: Non-GAAP Financial Information
Non-GAAP Financial Information Management is presenting in the following table adjustments to net income as reported in accordance with generally accepted accounting principles for significant items resulting from Hurricane Katrina. Management believes this information will help users compare Trustm
Slide 26: Contact Information
Contact Information Trustmark Corporation’s common stock is listed on the NASDAQ National Market System and is traded under the symbol TRMK. Additional information is available at www.trustmark.com. Investor Inquiries: Louis E. Greer Treasurer and Principal Financial Officer 601-208-2310 Igreer@trus