Slide 1: Third Quarter 2022 Financial Results
Third Quarter 2022 Financial Results October 25, 2022 Exhibit 99.2
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 Strong loan growth, solid credit quality, and expanding net interest margin reflected in third quarter performance -arnil + Loans Held for Invest ment (HFI) increased $641.2 million, of 5.9%, linked-quarter chanced and $1.4 billion, or 13.9%, year-over-year Drivers . oe. + Depos
Slide 4: Loans Held for Investment (LHFI) Portfolio
Loans Held for Investment (LHFI) Portfolio Focus on profitable, credit-disciplined loan growth continued = Loan Portfolio Composition 09/30/22" Change ($ ini 90/2022 1Q__Y-0¥ pied TTeane secured by real extate CBA, 15% \Nonfarm-Nonres, Const, land dev. and other land loans $s 1647]$ 207 $961 ae Secu
Slide 5: Real Estate Secured Loan Portfolio Detail
Real Estate Secured Loan Portfolio Detail RE Portfolio Lots, Development and Unimproved Land 1-4 Family Construction Other Construction Total Construction, Land Development and Other Land Loans Retail Offices Hotels/Motels Industrial Senior Living Other ‘Total Non-owmer Occupied & REITs Multi-Family
Slide 6: Commercial Loan Portfolio Detail
Commercial Loan Portfolio Detail * Portfolio includes commercial, financial intermediaries, agriculture production and non-profits (09/30/22 * Well-diversified portfolio with no single category exceeding 14% $313 14% 206 % * Small energy book that has never been an area of focused growth 206 % Healt
Slide 7: Allowance for Credit Losses
Allowance for Credit Losses ($ in millions) $22 $103 Net impact of quantitative changes including improvement of the macroeconomic forecast, loan growth, and individually analyzed reserves ACL 6/30/22 @ Trustmark $7 Net impact of qualitative changes including adjustments to the COVID-19 pandemic res
Slide 8: Credit Risk Management
Credit Risk Management Solid asset quality metrics Allowance for credit losses represented 0.99% of loans held for investment and 466.0% of nonaccrual loans, excluding individually evaluated loans Net charge-offs totaled $1.0 million in the third quarter, and recoveries have exceeded charge-offs YTD
Slide 9: Attractive, Low-Cost Deposit Base
Attractive, Low-Cost Deposit Base Deposits hea Deposit Mix by Type 09/30/2211! (Sin millions) gomez | Lo YoY MDA ARe interest Checking S$ 46/5 5S 2m Noninterest Bearng DDA 4350 (151) (629) Time Deposits 4,092 (49) 47) Savings, 9% savings 145 6 431 MNDA 2773 (156) __(205) Total Deposits 14,425 (345)
Slide 10: Income Statement Highlights - Net Interest Income
Income Statement Highlights - Net Interest Income Net Interest Income - FTE!) Yields and Costs!) 4.48% ($ in millions) 3.59% 3.56% 3.58% BR og $139 siete 2 $116 cag fd 253% 2.58% sio. $102 1.50% $139 8 sit6 $100 $101 102 021% = 019% == gem =O aie Q3-21 Q4-2t Qi-22 Q2-22 Q3-22 Q3-21 Q42t Qh-22 Q2-22
Slide 11: Earning Asset Composition & Interest Rate Sensitivity
Earning Asset Composition & Interest Rate Sensitivity As of 09/30/22 Loans by Rate Index!1.2) ‘Book Balance: $11.88 Prime, 1256 Yield 4.48% Fixed, 46% ) Variable (<= 1-month), 35% Hybrg ARMs, "Variable > -month 1% Change in NII to Immediate Shocks 121% 81% 81% 54% 41% P ii | | as +200 bps shock +300
Slide 12: Income Statement Highlights - Noninterest Income
Income Statement Highlights - Noninterest Income 93-22 LQ Y-0-Y ‘Senvice Charges on Deposit Accounts § m3/$ 1a $ 24 Bank Card and Other Fees 93 0.9) 08 Mortgage Banking, net 69 (1.3) (74) Insurance Commissions 13.9 02 18 Wealth Management a8 0.3) 3) Other, net 24 05 09 Total Noninterest Income Nonin
Slide 13: Income Statement Highlights - Mortgage Banking
Income Statement Highlights - Mortgage Banking Q3-22 tq Mortgage servicing income, net g o7|$ oa $ Change in fair value-MSR from runoff (3.5) 03 Gain on sales of loans, net 46 (14) Mortgage banking income, excl hedge $ 78/$ (10) $ Net hedge ineffectiveness (o9)|___(03) 9 $ Mortgage banking income, n
Slide 14: Income Statement Highlights - Noninterest Expense
Income Statement Highlights - Noninterest Expense Q3-22 LQ Y-o-¥ Salaries & Benefits, $ 727)$ 10 $ 37 Services & Fees el 13 35 Net Occupany- Premises 74] 05s Equipment Expense 61} 000 Other Adusted Expense a35|_03 10 Adjusted Noninterest Expense $ 125.5|$ 31 $ 8.9 Other Real Estate Expense Os (0.1)
Slide 15: Capital Management
Capital Management Solid capital position reflects consistent profitability of diversified financial services businesses Capital position remained strong with a CET1 ratio of 10.63% and a total risk-based capital ratio of 12.85% at September 30, 2022 Repurchased $8.0 million, or approximately 247 th
Slide 16: Outlook Commentary
Outlook Commentary” Balance + Loans Held For Investment balances expected to grow mid-teens full year Sheet + Securities balances targeted at 20% to 25% of earning assets; subject to changes in market conditions + Deposit balances expected to decline mid-single digits full year, driven primarily by
Slide 17: 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 EFFICIENCY Pursue efficiency opportunities t