Trustmark Corporation · NASDAQ:TRMK
Trustmark — Raymond James Annual Investors Conference 2011
27 slides from Trustmark's conference presentation, Mar 7, 2011
Slide 1: Raymond James Annual Investors Conference, Orlando, March 7, 2011
Raymond James Annual Investors Conference Orlando, Florida March 7, 2011
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: Investment Thesis: Uniquely Positioned to Capitalize on Market Opportunities
Investment Thesis Trustmark is Uniquely Positioned to Capitalize on Market Opportunities ü Strong market share in legacy markets with growth potential in Houston and Memphis ü Diversified and stable business mix ü Proven ability to generate superior profitability through the cycle ü Solid credit qua
Slide 4: Strong Market Share in Legacy Markets; Growth in Houston and Memphis
Strong Market Share in Legacy Markets Growth Opportunities in Houston and Memphis Strong Market Share 2010 Financial Highlights Total Assets $9.6 billion Total Loans HFI $6.1 billion Total Deposits $7.0 billion TCE/TA 9.11% Risk-based Capital Ratio 15.77% Net Income $100.6 million ROAA 1.08% Return
Slide 5: Diversified and Stable Business Mix
Diversified and Stable Business Mix 33% 11% Jackson 29% FL Panhandle 2% Houston, TX 7% Memphis, TN 3% MS-Other 19% Diversified Revenue Base ($ in millions) 18% 14% 16% 19% 5% 5% 3% 16% Commercial - Retail Banking $313 For The Year Ended December 31, 2010
Slide 6: Proven Ability to Generate Superior Profitability
Proven Ability to Generate Superior Profitability Superior Profitability Profitability and Key Ratios 2009 Q1-10 Q2-10 Q3-10 Q4-10 2010 Net Income Available to Common Shareholders $73.0 (1) $23.5 $26.2 $25.9 $25.2 $100.6 Return on Average Assets 0.98% 1.02% 1.13% 1.11% 1.07% 1.08% Return on Average
Slide 7: Best in Class Net Interest Margin and Efficiency Ratio
... Driven by Best in Class Net Interest Margin and Efficiency Ratio Core Earnings Strength ü Best in class margin resulting from disciplined loan and deposit pricing and prudent investment portfolio management ü Management’s focus on expense initiatives has translated into a top tier operating plat
Slide 8: Balanced Loan Portfolio
Balanced Loan Portfolio 37% 49% 13% 19% Balanced Loan Portfolio December 31, 2010 ($ in millions) Consumer Loans $2,070 Commercial Loans $3,990 2% 2% 10% 27% 19% 8% 14% Total Loans Held for Investment $6,060 ü Total loans held for investment decreased $259.6 million from the prior year to $6.1 billi
Slide 9: Prudent Credit Risk Management
Prudent Credit Risk Management Florida Mississippi (1) Tennessee (2) Texas Total Total Loans (including HFS) $444.4 $4,449.0 $533.2 $786.6 $6,213.3 Nonaccrual Loans $53.8 $39.8 $14.7 $34.6 $142.9 Other Real Estate $32.4 $24.2 $16.4 $13.7 $86.7 Nonperforming Assets $86.1 $64.0 $31.1 $48.4 $229.6 Nonp
Slide 10: Dependable, Low Cost Core Funding Base
Dependable, Low Cost Core Funding Base 30% 23% December 31, 2010 ($ in millions) Total Deposits $7,045 Source: SNL Financial and company reports Loans HFI / Deposits 26% 4% 16%
Slide 11: Robust Capital Position Provides Strategic Flexibility
Robust Capital Position Provides Strategic Flexibility Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Tangible Common Equity / Tangible Assets 8.67% 9.11% 9.32% 9.34% 9.11% Tier 1 Risk-Based Capital Ratio 12.61% 13.15% 13.53% 13.75% 13.77% Total Risk-Based Capital Ratio 14.58% 15.15% 15.53% 15.75% 15.77% Robust Capi
Slide 12: Robust Capital Position and Attractive Dividend
Robust Capital Position and Attractive Dividend Tangible Common Equity / Tangible Assets (3) ü Given quality and stability of earnings, Trustmark has increased its dividend over time and maintained it through the cycle ü Trustmark is one of the 28 largest banks (1) in the U.S. that maintained its di
Slide 13: Well Positioned for Continued Success
Well Positioned for Continued Success Industry TRMK Economy ü Slow recovery with continued uncertainty ü Trustmark’s core franchise provides stability and profitability ü Growth opportunities in Houston and Memphis (and throughout the franchise) when economy normalizes Interest Rates ü Exceptionally
Slide 14: Strategic Priorities
Strategic Priorities Priorities in 2011 ü Continue to manage through challenging business cycle ü Aggressively work to dispose of ORE ü Maintain fortress balance sheet and appropriate capital ratios ü Position organization for success in new regulatory reform environment ü Prudent investments to sup
Slide 15: ES > SS @ & <3 S) ES i) Q S Q
ES > SS @ 3 & <3 3 S) ES i) 4 Q S Q
Slide 16: Supplemental Information
Supplemental Information
Slide 17: Jackson Metro Market
Jackson Metro County 2010 Population 2010-15 Projected Population Growth Deposit Market Share ++ TRMK Banking Centers Hinds 250,044 -0.67% 40.58% 21 Rankin 146,177 9.82% 33.09% 11 Madison 97,343 11.41% 21.54% 8 TOTAL 493,564 4.82% 35.05% 40 Ø Trustmark has $2.1 billion in loans and $3.4 billion in d
Slide 18: Houston MSA Market
Houston MSA Market 2010 Population 2010-15 Projected Population Growth Deposit Market Share ++ TRMK Banking Centers Houston MSA 6,017,013 10.46% 0.37% 16 Ø Trustmark has $787 million in loans and $456 million in deposits + Ø Building stronger Commercial, Retail, and Wealth Management platforms + As
Slide 19: Memphis MSA Market
Memphis MSA Market 2010 Population 2010-15 Projected Population Growth Deposit Market Share ++ TRMK Banking Centers Memphis MSA 1,325,833 4.28% 2.83% 22 Ø Trustmark has $399 million in loans and $637 million in deposits + Ø Focus on middle market commercial and real estate lending Banking center + A
Slide 20: Florida Panhandle
Florida Panhandle County 2010 Population 2010-15 Projected Population Growth Deposit Market Share ++ TRMK Banking Centers Bay 170,196 2.72% 4.57% 4 Okaloosa 191,856 3.29% 1.32% 1 Walton 57,960 9.34% 7.67% 3 Total 420,012 3.89% 3.27% 8 Ø Trustmark has $444 million in loans and $218 million in deposit
Slide 21: Owner-Occupied CRE
Owner-Occupied CRE December 31, 2010 ($ in thousands) (1) Mississippi includes Central and Southern Mississippi regions. (2) Tennessee includes Memphis, Tennessee and Northern Mississippi regions.
Slide 22: Income Producing CRE
Income Producing CRE December 31, 2010 ($ in thousands) (1) Mississippi includes Central and Southern Mississippi regions. (2) Tennessee includes Memphis, Tennessee and Northern Mississippi regions.
Slide 23: Construction, Land Development and Other Land Loans
($ in thousands) Construction, Land Development and Other Land Loans December 31, 2010 (2) Tennessee includes Memphis, Tennessee and Northern Mississippi regions.
Slide 24: Florida Loans
Florida Loans December 31, 2010 ($ in thousands) By Loan Type $444 million Construction, Land Development and Other Land Loans $132 million
Slide 25: Florida Loans
Florida Loans December 31, 2010 ($ in thousands) 1) Criticized loans equal all special mention and classified loans. 2) Special mention loans exhibit potential credit weaknesses that, if not resolved, may ultimately result in a more severe classification. 3) Classified loans include those loans iden
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 lgreer@tru
Slide 27: ES > SS @ & <3 S) ES i) Q S Q
ES > SS @ 3 & <3 3 S) ES i) 4 Q S Q
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