Trustmark Corporation Announces Third Quarter 2026 Financial Results

Trustmark repurchased $60.9 million of common stock during the first nine months of 2026, including $20.1 million in the third quarter.

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10/27/2026 - 04:30 PM EDT

Earnings Performance Supported by Net Interest Income Growth, Strong Credit Quality and Strategic Actions to Enhance Future Profitability

JACKSON, Miss.--(BUSINESS WIRE)-- Trustmark Corporation (NASDAQGS:TRMK) reported net income of $58.1 million in the third quarter of 2026, representing diluted earnings per share of $1.00. Trustmark’s performance during the third quarter produced a return on average tangible equity (ROATE) of 12.72% and a return on average assets (ROAA) of 1.21%. The Board of Directors declared a quarterly cash dividend of $0.25 per share payable December 15, 2026, to shareholders of record on December 1, 2026.

Printer friendly version of earnings release with consolidated financial statements and notes: https://www.businesswire.com/news/home/20261027496475/en

Third Quarter Highlights

As previously disclosed, Trustmark sold 34 bank branch properties in the third quarter and simultaneously entered into triple net lease agreements for each of the branches sold (“sale-leaseback transaction”). The sale-leaseback transaction resulted in a pre-tax gain of $61.5 million after transaction-related expenses. Following the completion of the sale-leaseback transaction, Trustmark executed a restructuring of its investment securities portfolio by reclassifying its securities held to maturity to securities available for sale. Trustmark then sold $629.5 million of lower-yielding investment securities with a weighted-average yield of approximately 1.4% and purchased $628.0 million of investment securities with a weighted-average yield of approximately 5.0%, which resulted in a pre-tax loss of $61.5 million. This pre-tax loss offset the pre-tax gain generated by the sale-leaseback transaction.
Loans held for investment (HFI) totaled $13.9 billion, down 0.3% from the prior quarter and up 2.4% year-over-year
Credit quality remained strong; nonperforming assets totaled $57.0 million, representing 0.40% of loans HFI and loans held for sale (HFS)
Deposits totaled $16.1 billion, a decrease of 0.1% from the prior quarter and an increase of 2.7% year-over-year; excluding the intentional decline in brokered deposits, deposits increased 1.2% linked-quarter
Revenue totaled $207.1 million, down 0.5% from the prior quarter and up 2.4% year-over-year
Net interest income (FTE) totaled $170.6 million, an increase of 1.2% linked-quarter and 3.2% year-over-year; the net interest margin totaled 3.84%, unchanged from the prior quarter
Noninterest expense totaled $134.4 million, up 0.6% linked-quarter and 2.7% year-over-year
Repurchased $60.9 million, or approximately 1.4 million shares, of common stock during the first nine months of 2026, including $20.1 million, or approximately 428 thousand shares, in the third quarter

Duane A. Dewey, President and CEO, stated, “Our third quarter results demonstrated the strength of our core franchise. Net interest income continued to grow, credit quality remained excellent, and excluding non-core deposit runoff, deposit growth was solid. During the quarter, we completed strategic actions that improve the flexibility and future earnings capacity of our balance sheet while continuing to return capital to shareholders through dividends and share repurchases. We believe Trustmark is well-positioned to deliver sustainable long-term value creation.”

Balance Sheet Management

Loans HFI decreased $43.9 million, or 0.3%, during the quarter and increased $321.0 million, or 2.4%, year-over-year
Deposits were stable linked-quarter and up $427.1 million, or 2.7%, year-over-year
Maintained strong capital position with CET1 ratio of 11.98% and total risk-based capital ratio of 14.57%

Despite elevated payoff activity and a highly competitive lending environment, loans HFI increased $321.0 million, or 2.4%, year-over-year supported by growth in the commercial and industrial, 1-4 family mortgage, construction, land development, consumer, and other loans and leases. Loans HFI totaled $13.9 billion at September 30, 2026, reflecting a decrease of $43.9 million, or 0.3%, linked-quarter. Production trends remained solid during the quarter, although growth was offset by continued elevated commercial loan payoffs. Trustmark’s loan portfolio remains well-diversified by loan type and geography.

Deposits totaled $16.1 billion at September 30, 2026, down $13.2 million, or 0.1%, from the prior quarter, and up $427.1 million, or 2.7%, year-over-year. Excluding the intentional decline in brokered deposits of $197.5 million in the third quarter, deposits increased $184.3 million, or 1.2%, linked-quarter, reflecting growth in personal, nonpersonal and public fund balances. Trustmark continues to maintain a strong liquidity position as loans HFI represented 86.4% of total deposits at the end of the third quarter. Noninterest-bearing deposits represented 20.3% of total deposits at September 30, 2026. The average balance of total deposits in the third quarter was $16.1 billion, an increase of $309.1 million, or 2.0%, linked-quarter and $716.2 million, or 4.7%, year-over-year. Interest-bearing deposit costs totaled 2.09% for the third quarter, an increase of 9 basis points linked-quarter, while the cost of total deposits was 1.67%, an increase of 8 basis points from the prior quarter.

During the third quarter, Trustmark repurchased $20.1 million, or approximately 428 thousand of its common shares. During the first nine months of 2026, Trustmark repurchased $60.9 million, or approximately 1.4 million of its common shares. As previously announced, Trustmark’s Board of Directors authorized a stock repurchase program effective January 1, 2026, under which $100.0 million of Trustmark’s outstanding shares may be acquired through December 31, 2026. The repurchase program, which is subject to market conditions and management discretion, will continue to be implemented through open market repurchases or privately negotiated transactions. At September 30, 2026, Trustmark’s tangible equity to tangible assets ratio was 9.37%, while the total risk-based capital ratio was 14.57%. Tangible book value per share was $30.42 at September 30, 2026, a decrease of 2.1% from the prior quarter and an increase of 2.8% from the prior year, reflecting the impact of higher market interest rates on accumulated other comprehensive income (loss), net of tax, related to the investment securities portfolio.

Credit Quality

Net provision for credit losses was $2.3 million in the third quarter
Net charge-offs totaled $1.0 million for the third quarter and represented 0.03% of average loans
Allowance for credit losses (ACL) represented 1.07% of loans HFI and 560.10% of nonaccrual loans, excluding individually analyzed loans, at September 30, 2026

Nonaccrual loans totaled $54.3 million at September 30, 2026, up $4.7 million from the prior quarter. Other real estate totaled $2.7 million, reflecting a decrease of $2.5 million from the prior quarter. Collectively, nonperforming assets totaled $57.0 million at September 30, 2026, an increase of $2.2 million, or 4.0%, from the prior quarter and represented 0.40% of loans HFI and HFS.

The provision for credit losses for loans HFI was $1.2 million in the third quarter. The provision for credit losses for off-balance sheet credit exposures was $1.1 million in the third quarter, primarily driven by a $203.0 million increase in unfunded commitments. Collectively, the provision for credit losses totaled $2.3 million in the third quarter compared to a provision of $6.0 million (excluding the $9.2 million release in provision related to the mortgage loan sale) in the prior quarter and $1.7 million in the third quarter of 2025.

Allocation of Trustmark’s $148.3 million ACL on loans HFI represented 0.90% of commercial loans and 1.61% of consumer and home mortgage loans, resulting in an ACL to total loans HFI of 1.07% at September 30, 2026. Management believes the level of the ACL is commensurate with the credit losses currently expected in the loan portfolio.

Revenue Generation

Net interest income (FTE) totaled $170.6 million in the third quarter, up $2.0 million, or 1.2%, linked-quarter
Net interest margin totaled 3.84% in the third quarter, unchanged from the prior quarter
Wealth management revenue expanded 2.2% linked-quarter to $11.2 million

Revenue in the third quarter totaled $207.1 million, a decrease of 0.5% from the prior quarter. The linked-quarter change reflects a decline in noninterest income offset in part by growth in net interest income. Net interest income (FTE) in the third quarter expanded to $170.6 million, resulting in a net interest margin of 3.84%, unchanged from the prior quarter. Fee income reflected normal quarterly variability, including lower mortgage banking revenue and cash management fees, partly offset by continued growth in wealth management revenue. Noninterest income in the third quarter totaled $39.5 million, a decrease of $3.1 million, or 7.2%, from the prior quarter.

Wealth management revenue in the third quarter totaled $11.2 million, an increase of $239 thousand, or 2.2%, from the prior quarter and $1.4 million, or 13.9%, year-over-year. The growth linked-quarter reflected increased brokerage services revenue offset in part by lower trust management revenue while the year-over-year growth reflected higher trust management and brokerage services revenue.

Service charges on deposit accounts totaled $10.6 million in the third quarter, up $251 thousand, or 2.4%, linked-quarter and down $625 thousand, or 5.6%, year-over-year. Bank card and other fees totaled $8.1 million in the third quarter, down $594 thousand from the prior quarter principally due to reduced customer derivative revenue and miscellaneous other fees. Year-over-year, bank card and other fees declined $169 thousand primarily due to lower interchange income and miscellaneous other fees.

Mortgage loan production in the third quarter totaled $421.4 million, down 11.7% from the prior quarter and up 8.2% year-over-year. Mortgage banking revenue totaled $7.9 million in the third quarter, down $1.0 million, or 11.6%, linked-quarter and $302 thousand, or 3.7%, year-over-year. The linked-quarter decline was principally attributable to reduced gain on sale of loans, net.

Other, net totaled $1.7 million in the third quarter, a decline of $1.9 million from the prior quarter reflecting lower investment partnership and cash management revenue. Year-over-year other, net decreased $705 thousand, reflecting decreased cash management revenue.

The gain on the sale-leaseback transaction of $61.5 million offset the securities losses of $61.5 million resulting from the restructuring of the investment securities portfolio.

Noninterest Expense

Total noninterest expense increased $753 thousand, or 0.6%, linked-quarter
Salaries and employee benefits expense increased $1.7 million, or 2.3%, linked-quarter
Other expense declined $1.7 million, or 10.4%, linked-quarter

Expenses remained generally stable during the quarter. Higher occupancy costs associated with the branch sale-leaseback transaction were substantially offset by disciplined management of personnel and discretionary expenses. Noninterest expense in the third quarter totaled $134.4 million, an increase of $753 thousand, or 0.6%, from the prior quarter and $3.5 million, or 2.7%, year-over-year. Salaries and employee benefits expense totaled $74.7 million in the third quarter, an increase of $1.7 million, or 2.3%, linked-quarter and $3.2 million, or 4.4%, year-over-year. Net occupancy-premises expense totaled $8.6 million, an increase of $827 thousand, or 10.7%, linked-quarter and $781 thousand, or 10.0%, year-over-year. The increases were driven by increased lease, maintenance and utility expense. Total other expense in the third quarter was $14.3 million, a decrease of $1.7 million, or 10.4%, linked-quarter and $2.2 million, or 13.2%, year-over-year. The linked-quarter change is attributable to decreased other real estate expense, other miscellaneous expense, and loan expense.

Additional Information

As previously announced, Trustmark will conduct a conference call with analysts on Wednesday, October 28, 2026, at 8:30 a.m. Central Time to discuss the Corporation’s financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, November 11, 2026, in archived format at the same web address or by calling (855) 669-9658, passcode 6657939.

Trustmark is a financial services company providing banking and financial solutions through offices in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas.

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,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “project,” “potential,” “seek,” “continue,” “could,” “would,” “future” or the negative of those terms or other words of similar meaning. You should read statements that contain these words carefully because they discuss our future expectations or state other “forward-looking” information. These forward-looking statements include, but are not limited to, statements relating to anticipated future operating and financial performance measures, including net interest margin, credit quality, business initiatives, growth opportunities and growth rates, among other things, and encompass any estimate, prediction, expectation, projection, opinion, anticipation, outlook or statement of belief included therein as well as the management assumptions underlying these forward-looking statements. You should be aware that the occurrence of the events described under the caption “Risk Factors” in Trustmark’s filings with the Securities and Exchange Commission (SEC) could have an adverse effect on our business, results of operations or financial condition. Should one or more of these risks materialize, or should any such underlying assumptions prove to be significantly different, actual results may vary significantly from those anticipated, estimated, projected or expected.

Risks that could cause actual results to differ materially from current expectations of Management include, but are not limited to, actions by the Board of Governors of the Federal Reserve System (FRB) that impact the level of market interest rates, local, state, national and international economic and market conditions, conditions in the housing and real estate markets in the regions in which Trustmark operates, conditions and changes, including volatility, in the credit and financial markets, changes in the level of nonperforming assets and charge-offs, an increase in unemployment levels, a slowdown in economic growth, changes in our ability to measure the fair value of assets in our portfolio, changes in the level and/or volatility of market interest rates, the impacts related to or resulting from bank failures and other economic and industry volatility, including potential increased regulatory requirements, the demand for the products and services we offer, potential unexpected adverse outcomes in pending litigation matters, our ability to attract and retain noninterest-bearing deposits and other low-cost funds, competition in loan and deposit pricing, as well as the entry of new competitors into our markets through de novo expansion and acquisitions, changes in accounting standards and practices, including changes in the interpretation of existing standards, that affect our consolidated financial statements, changes in consumer spending, borrowings and savings habits, technological changes, changes in the financial performance or condition of our borrowers, greater than expected costs or difficulties related to the integration of acquisitions or new products and lines of business, cyber-attacks and other breaches which could affect our information system security, natural disasters, environmental disasters, pandemics or other health crises, acts of war or terrorism, potential market or regulatory effects of the current United States presidential administration’s policies, changes to the credit rating of U.S. Government securities and other risks described in our filings with the SEC.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Except as required by law, we undertake no obligation to update or revise any of this information, whether as the result of new information, future events or developments or otherwise.

*TRUSTMARK CORPORATION AND SUBSIDIARIES*
*CONSOLIDATED FINANCIAL INFORMATION*
*September 30, 2026*
*($ in thousands)*
*(unaudited)*
										*Linked Quarter*					*Year over Year*
*QUARTERLY AVERAGE BALANCES*	*9/30/2026*			*6/30/2026*			*9/30/2025*			*$ Change*			*% Change*		*$ Change*			*% Change*
Securities available for sale	$	2,325,076		$	1,921,541		$	1,740,647		$	403,535		21.0	%	$	584,429		33.6	%
Securities held to maturity		753,158			1,147,616			1,279,020			(394,458	)	-34.4	%		(525,862	)	-41.1	%
*Total securities*		3,078,234			3,069,157			3,019,667			9,077		0.3	%		58,567		1.9	%
Loans held for sale (LHFS) (1)		279,242			293,294			216,704			(14,052	)	-4.8	%		62,538		28.9	%
Loans held for investment (LHFI) (1)		13,818,079			13,892,209			13,485,334			(74,130	)	-0.5	%		332,745		2.5	%
Other earning assets		439,189			370,080			389,021			69,109		18.7	%		50,168		12.9	%
*Total earning assets*		17,614,744			17,624,740			17,110,726			(9,996	)	-0.1	%		504,018		2.9	%
Allowance for credit losses (ACL), LHFI		(147,729	)		(160,008	)		(167,775	)		12,279		7.7	%		20,046		11.9	%
Other assets		1,627,559			1,628,588			1,627,362			(1,029	)	-0.1	%		197		0.0	%
*Total assets*	$	19,094,574		$	19,093,320		$	18,570,313		$	1,254		0.0	%	$	524,261		2.8	%

Interest-bearing demand deposits	$	8,274,891		$	8,072,774		$	7,747,480		$	202,117		2.5	%	$	527,411		6.8	%
Savings deposits		969,021			981,816			976,664			(12,795	)	-1.3	%		(7,643	)	-0.8	%
Time deposits		3,583,519			3,500,054			3,439,180			83,465		2.4	%		144,339		4.2	%
*Total interest-bearing deposits*		12,827,431			12,554,644			12,163,324			272,787		2.2	%		664,107		5.5	%
Fed funds purchased and repurchases		194,076			400,495			419,802			(206,419	)	-51.5	%		(225,726	)	-53.8	%
Other borrowings		136,311			312,413			283,629			(176,102	)	-56.4	%		(147,318	)	-51.9	%
Subordinated notes		172,153			172,078			123,831			75		0.0	%		48,322		39.0	%
Junior subordinated debt securities		61,856			61,856			61,856			—		0.0	%		—		0.0	%
*Total interest-bearing liabilities*		13,391,827			13,501,486			13,052,442			(109,659	)	-0.8	%		339,385		2.6	%
Noninterest-bearing deposits		3,246,664			3,210,375			3,194,587			36,289		1.1	%		52,077		1.6	%
Other liabilities		310,090			237,612			232,911			72,478		30.5	%		77,179		33.1	%
*Total liabilities*		16,948,581			16,949,473			16,479,940			(892	)	0.0	%		468,641		2.8	%
Shareholders' equity		2,145,993			2,143,847			2,090,373			2,146		0.1	%		55,620		2.7	%
*Total liabilities and equity*	$	19,094,574		$	19,093,320		$	18,570,313		$	1,254		0.0	%	$	524,261		2.8	%

(1) During the first quarter of 2026, Trustmark began reporting the averages for LHFS and LHFI separately. Prior periods have been reclassified accordingly.

*See Notes to Consolidated Financials*

TRUSTMARK CORPORATION AND SUBSIDIARIES
*CONSOLIDATED FINANCIAL INFORMATION*
*September 30, 2026*
*($ in thousands)*
*(unaudited)*

										*Linked Quarter*					*Year over Year*
*PERIOD END BALANCES*	*9/30/2026*			*6/30/2026*			*9/30/2025*			*$ Change*			*% Change*		*$ Change*			*% Change*
Cash and due from banks	$	710,165		$	669,892		$	732,826		$	40,273		6.0	%	$	(22,661	)	-3.1	%
Securities available for sale		2,968,327			1,941,624			1,814,245			1,026,703		52.9	%		1,154,082		63.6	%
Securities held to maturity		—			1,134,823			1,268,459			(1,134,823	)	-100.0	%		(1,268,459	)	-100.0	%
LHFS		245,564			300,529			228,141			(54,965	)	-18.3	%		17,423		7.6	%
LHFI		13,869,171			13,913,023			13,548,156			(43,852	)	-0.3	%		321,015		2.4	%
ACL LHFI		(148,338	)		(148,189	)		(165,242	)		(149	)	-0.1	%		16,904		10.2	%
Net LHFI		13,720,833			13,764,834			13,382,914			(44,001	)	-0.3	%		337,919		2.5	%
Premises and equipment, net		199,475			228,701			227,805			(29,226	)	-12.8	%		(28,330	)	-12.4	%
Mortgage servicing rights		158,081			141,763			131,676			16,318		11.5	%		26,405		20.1	%
Goodwill		334,605			334,605			334,605			—		0.0	%		—		0.0	%
Other real estate		2,697			5,208			8,325			(2,511	)	-48.2	%		(5,628	)	-67.6	%
Operating lease right-of-use assets		104,769			32,947			33,012			71,822		n/m			71,757		n/m
Other assets		663,835			637,544			639,502			26,291		4.1	%		24,333		3.8	%
*Total assets*	$	19,108,351		$	19,192,470		$	18,801,510		$	(84,119	)	-0.4	%	$	306,841		1.6	%

Deposits:
Noninterest-bearing	$	3,262,885		$	3,373,546		$	3,321,132		$	(110,661	)	-3.3	%	$	(58,247	)	-1.8	%
Interest-bearing		12,795,175			12,697,669			12,309,842			97,506		0.8	%		485,333		3.9	%
*Total deposits*		16,058,060			16,071,215			15,630,974			(13,155	)	-0.1	%		427,086		2.7	%
Fed funds purchased and repurchases		205,000			360,000			420,000			(155,000	)	-43.1	%		(215,000	)	-51.2	%
Other borrowings		136,301			137,853			208,366			(1,552	)	-1.1	%		(72,065	)	-34.6	%
Subordinated notes		172,195			172,119			123,867			76		0.0	%		48,328		39.0	%
Junior subordinated debt securities		61,856			61,856			61,856			—		0.0	%		—		0.0	%
ACL on off-balance sheet credit exposures		28,619			27,534			26,186			1,085		3.9	%		2,433		9.3	%
Operating lease liabilities		109,137			37,091			37,100			72,046		n/m			72,037		n/m
Other liabilities		243,924			181,171			178,893			62,753		34.6	%		65,031		36.4	%
*Total liabilities*		17,015,092			17,048,839			16,687,242			(33,747	)	-0.2	%		327,850		2.0	%
Common stock		12,044			12,132			12,528			(88	)	-0.7	%		(484	)	-3.9	%
Capital surplus		24,378			42,695			123,435			(18,317	)	-42.9	%		(99,057	)	-80.3	%
Retained earnings		2,174,556			2,131,086			1,997,685			43,470		2.0	%		176,871		8.9	%
Accumulated other comprehensive
income (loss), net of tax		(117,719	)		(42,282	)		(19,380	)		(75,437	)	n/m			(98,339	)	n/m
*Total shareholders' equity*		2,093,259			2,143,631			2,114,268			(50,372	)	-2.3	%		(21,009	)	-1.0	%
*Total liabilities and equity*	$	19,108,351		$	19,192,470		$	18,801,510		$	(84,119	)	-0.4	%	$	306,841		1.6	%

n/m - percentage changes greater than +/- 100% are considered not meaningful *See Notes to Consolidated Financials*

*TRUSTMARK CORPORATION AND SUBSIDIARIES*
*CONSOLIDATED FINANCIAL INFORMATION*
*September 30, 2026*
*($ in thousands except per share data)*
*(unaudited)*


	*Quarter Ended*								*Linked Quarter*					*Year over Year*
*INCOME STATEMENTS*	*9/30/2026*			*6/30/2026*			*9/30/2025*		*$ Change*			*% Change*		*$ Change*			*% Change*
Interest and fees on LHFS & LHFI-fully taxable
equivalent (FTE)	$	211,990		$	209,557		$	214,636	$	2,433		1.2	%	$	(2,646	)	-1.2	%
Interest on securities		27,914			26,952			26,625		962		3.6	%		1,289		4.8	%
Other interest income		3,932			3,854			4,233		78		2.0	%		(301	)	-7.1	%
*Total interest income-FTE*		243,836			240,363			245,494		3,473		1.4	%		(1,658	)	-0.7	%
Interest on deposits		67,582			62,629			71,065		4,953		7.9	%		(3,483	)	-4.9	%
Interest on fed funds purchased and repurchases		1,843			3,748			4,626		(1,905	)	-50.8	%		(2,783	)	-60.2	%
Other interest expense		3,843			5,426			4,585		(1,583	)	-29.2	%		(742	)	-16.2	%
*Total interest expense*		73,268			71,803			80,276		1,465		2.0	%		(7,008	)	-8.7	%
*Net interest income-FTE*		170,568			168,560			165,218		2,008		1.2	%		5,350		3.2	%
Provision for credit losses (PCL), LHFI		1,179			4,452			1,390		(3,273	)	-73.5	%		(211	)	-15.2	%
PCL, off-balance sheet credit exposures		1,085			1,531			295		(446	)	-29.1	%		790		n/m
PCL, LHFI sale of 1-4 family mortgage loans		—			(9,227	)		—		9,227		100.0	%		—		n/m
*Net interest income after provision-FTE*		168,304			171,804			163,533		(3,500	)	-2.0	%		4,771		2.9	%
Service charges on deposit accounts		10,626			10,375			11,251		251		2.4	%		(625	)	-5.6	%
Bank card and other fees		8,149			8,743			8,318		(594	)	-6.8	%		(169	)	-2.0	%
Mortgage banking, net		7,880			8,914			8,182		(1,034	)	-11.6	%		(302	)	-3.7	%
Wealth management		11,161			10,922			9,798		239		2.2	%		1,363		13.9	%
Other, net		1,677			3,617			2,382		(1,940	)	-53.6	%		(705	)	-29.6	%
Gain on sale-leaseback, net		61,518			—			—		61,518		n/m			61,518		n/m
Securities gains (losses), net		(61,511	)		—			—		(61,511	)	n/m			(61,511	)	n/m
*Total noninterest income*		39,500			42,571			39,931		(3,071	)	-7.2	%		(431	)	-1.1	%
Salaries and employee benefits		74,684			72,990			71,508		1,694		2.3	%		3,176		4.4	%
Services and fees		29,945			29,748			28,777		197		0.7	%		1,168		4.1	%
Net occupancy-premises		8,555			7,728			7,774		827		10.7	%		781		10.0	%
Equipment expense		6,958			7,267			6,410		(309	)	-4.3	%		548		8.5	%
Other expense		14,294			15,950			16,464		(1,656	)	-10.4	%		(2,170	)	-13.2	%
*Total noninterest expense*		134,436			133,683			130,933		753		0.6	%		3,503		2.7	%
*Income before income taxes and FTE adjustment*		73,368			80,692			72,531		(7,324	)	-9.1	%		837		1.2	%
FTE adjustment (1)		2,921			2,930			2,777		(9	)	-0.3	%		144		5.2	%
*Income before income taxes*		70,447			77,762			69,754		(7,315	)	-9.4	%		693		1.0	%
Income taxes		12,373			14,240			12,967		(1,867	)	-13.1	%		(594	)	-4.6	%
*Net income*	$	58,074		$	63,522		$	56,787	$	(5,448	)	-8.6	%	$	1,287		2.3	%

*Per share data*
*Basic earnings per share*	$	1.00		$	1.09		$	0.94	$	(0.09	)	-8.3	%	$	0.06		6.4	%
*Diluted earnings per share*	$	1.00		$	1.08		$	0.94	$	(0.08	)	-7.4	%	$	0.06		6.4	%
*Dividends per share*	$	0.25		$	0.25		$	0.24	$	—		0.0	%	$	0.01		4.2	%

*Weighted average shares outstanding*
*Basic*		57,982,213			58,470,366			60,299,193
*Diluted*		58,224,180			58,697,955			60,540,158
*Period end shares outstanding*		57,804,451			58,225,687			60,126,376

(1) Trustmark's FTE adjustment is calculated using the federal statutory corporate tax rate.

n/m - percentage changes greater than +/- 100% are considered not meaningful *See Notes to Consolidated Financials*

*TRUSTMARK CORPORATION AND SUBSIDIARIES*
*CONSOLIDATED FINANCIAL INFORMATION*
*September 30, 2026*
*($ in thousands)*
*(unaudited)*

	*Quarter Ended*									*Linked Quarter*					*Year over Year*
*NONPERFORMING ASSETS*	*9/30/2026*			*6/30/2026*			*9/30/2025*			*$ Change*			*% Change*		*$ Change*			*% Change*
Nonaccrual LHFI
Alabama	$	11,792		$	12,012		$	3,475		$	(220	)	-1.8	%	$	8,317		n/m
Florida		488			514			460			(26	)	-5.1	%		28		6.1	%
Mississippi (1)		36,954			31,078			62,502			5,876		18.9	%		(25,548	)	-40.9	%
Tennessee (2)		2,936			2,936			2,293			—		0.0	%		643		28.0	%
Texas		2,177			3,118			15,225			(941	)	-30.2	%		(13,048	)	-85.7	%
*Total nonaccrual LHFI*		54,347			49,658			83,955			4,689		9.4	%		(29,608	)	-35.3	%
Other real estate
Alabama		367			1,356			656			(989	)	-72.9	%		(289	)	-44.1	%
Florida		222			—			—			222		n/m			222		n/m
Mississippi (1)		1,763			2,870			5,843			(1,107	)	-38.6	%		(4,080	)	-69.8	%
Tennessee (2)		147			982			927			(835	)	-85.0	%		(780	)	-84.1	%
Texas		198			—			899			198		n/m			(701	)	-78.0	%
*Total other real estate*		2,697			5,208			8,325			(2,511	)	-48.2	%		(5,628	)	-67.6	%
*Total nonperforming assets*	$	57,044		$	54,866		$	92,280		$	2,178		4.0	%	$	(35,236	)	-38.2	%

*LOANS PAST DUE OVER 90 DAYS*
LHFI	$	4,127		$	3,065		$	4,853		$	1,062		34.6	%	$	(726	)	-15.0	%

LHFS-Guaranteed GNMA serviced loans
(no obligation to repurchase)	$	103,895		$	109,508		$	77,859		$	(5,613	)	-5.1	%	$	26,036		33.4	%

	Quarter Ended									Linked Quarter					Year over Year
*ACL LHFI*	9/30/2026			6/30/2026			9/30/2025			$ Change			% Change		$ Change			% Change
Beginning Balance	$	148,189		$	160,431		$	168,237		$	(12,242	)	-7.6	%	$	(20,048	)	-11.9	%
PCL, LHFI		1,179			4,452			1,390			(3,273	)	-73.5	%		(211	)	-15.2	%
PCL, LHFI sale of 1-4 family mortgage loans		—			(9,227	)		—			9,227		100.0	%		—		n/m
Charge-offs, sale of 1-4 family mortgage loans		—			(6,316	)		—			6,316		100.0	%		—		n/m
Charge-offs		(3,354	)		(3,493	)		(6,775	)		139		4.0	%		3,421		50.5	%
Recoveries		2,324			2,342			2,390			(18	)	-0.8	%		(66	)	-2.8	%
Net (charge-offs) recoveries		(1,030	)		(7,467	)		(4,385	)		6,437		86.2	%		3,355		76.5	%
Ending Balance	$	148,338		$	148,189		$	165,242		$	149		0.1	%	$	(16,904	)	-10.2	%

*NET (CHARGE-OFFS) RECOVERIES*
Alabama	$	(74	)	$	(140	)	$	(3,069	)	$	66		47.1	%	$	2,995		97.6	%
Florida		(37	)		73			2			(110	)	n/m			(39	)	n/m
Mississippi (1)		(836	)		(7,287	)		(1,520	)		6,451		88.5	%		684		45.0	%
Tennessee (2)		(41	)		(185	)		(182	)		144		77.8	%		141		77.5	%
Texas		(42	)		72			384			(114	)	n/m			(426	)	n/m
*Total net (charge-offs) recoveries*	$	(1,030	)	$	(7,467	)	$	(4,385	)	$	6,437		86.2	%	$	3,355		76.5	%

(1) Mississippi includes Central and Southern Mississippi Regions.
(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.

n/m - percentage changes greater than +/- 100% are considered not meaningful *See Notes to Consolidated Financials*

*TRUSTMARK CORPORATION AND SUBSIDIARIES*
*CONSOLIDATED FINANCIAL INFORMATION*
*September 30, 2026*
*($ in thousands)*
*(unaudited)*

	*Quarter Ended*															*Nine Months Ended*
*AVERAGE BALANCES*	*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*			*9/30/2026*			*9/30/2025*
Securities available for sale	$	2,325,076		$	1,921,541		$	1,853,316		$	1,815,943		$	1,740,647		$	2,035,039		$	1,737,673
Securities held to maturity		753,158			1,147,616			1,185,975			1,236,827			1,279,020			1,027,331			1,302,298
*Total securities*		3,078,234			3,069,157			3,039,291			3,052,770			3,019,667			3,062,370			3,039,971
LHFS (1)		279,242			293,294			279,444			229,697			216,704			283,993			201,683
LHFI (1)		13,818,079			13,892,209			13,739,423			13,632,256			13,485,334			13,816,858			13,321,655
Other earning assets		439,189			370,080			369,002			369,748			389,021			393,014			389,839
*Total earning assets*		17,614,744			17,624,740			17,427,160			17,284,471			17,110,726			17,556,235			16,953,148
ACL LHFI		(147,729	)		(160,008	)		(156,485	)		(161,147	)		(167,775	)		(154,709	)		(164,728	)
Other assets		1,627,559			1,628,588			1,648,249			1,609,123			1,627,362			1,634,723			1,619,253
*Total assets*	$	19,094,574		$	19,093,320		$	18,918,924		$	18,732,447		$	18,570,313		$	19,036,249		$	18,407,673

Interest-bearing demand deposits	$	8,274,891		$	8,072,774		$	8,088,668		$	8,000,614		$	7,747,480		$	8,146,126		$	7,739,648
Savings deposits		969,021			981,816			976,267			963,759			976,664			975,675			986,468
Time deposits		3,583,519			3,500,054			3,498,295			3,447,188			3,439,180			3,527,602			3,305,267
*Total interest-bearing deposits*		12,827,431			12,554,644			12,563,230			12,411,561			12,163,324			12,649,403			12,031,383
Fed funds purchased and repurchases		194,076			400,495			429,778			402,772			419,802			340,586			413,752
Other borrowings		136,311			312,413			280,608			178,487			283,629			242,582			352,955
Subordinated notes		172,153			172,078			171,998			160,786			123,831			172,077			123,777
Junior subordinated debt securities		61,856			61,856			61,856			61,856			61,856			61,856			61,856
*Total interest-bearing liabilities*		13,391,827			13,501,486			13,507,470			13,215,462			13,052,442			13,466,504			12,983,723
Noninterest-bearing deposits		3,246,664			3,210,375			3,032,730			3,185,575			3,194,587			3,164,040			3,141,082
Other liabilities		310,090			237,612			235,292			204,636			232,911			261,272			241,461
*Total liabilities*		16,948,581			16,949,473			16,775,492			16,605,673			16,479,940			16,891,816			16,366,266
Shareholders' equity		2,145,993			2,143,847			2,143,432			2,126,774			2,090,373			2,144,433			2,041,407
*Total liabilities and equity*	$	19,094,574		$	19,093,320		$	18,918,924		$	18,732,447		$	18,570,313		$	19,036,249		$	18,407,673

(1) During the first quarter of 2026, Trustmark began reporting the averages for LHFS and LHFI separately. Prior periods have been reclassified accordingly. *See Notes to Consolidated Financials*

*TRUSTMARK CORPORATION AND SUBSIDIARIES*
*CONSOLIDATED FINANCIAL INFORMATION*
*September 30, 2026*
*($ in thousands)*
*(unaudited)*

*PERIOD END BALANCES*	*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*
Cash and due from banks	$	710,165		$	669,892		$	526,593		$	668,007		$	732,826
Securities available for sale		2,968,327			1,941,624			1,913,835			1,876,830			1,814,245
Securities held to maturity		—			1,134,823			1,159,676			1,207,454			1,268,459
LHFS		245,564			300,529			291,122			278,789			228,141
LHFI		13,869,171			13,913,023			13,877,971			13,674,233			13,548,156
ACL LHFI		(148,338	)		(148,189	)		(160,431	)		(157,071	)		(165,242	)
Net LHFI		13,720,833			13,764,834			13,717,540			13,517,162			13,382,914
Premises and equipment, net		199,475			228,701			227,134			225,658			227,805
Mortgage servicing rights		158,081			141,763			136,796			131,289			131,676
Goodwill		334,605			334,605			334,605			334,605			334,605
Other real estate		2,697			5,208			7,316			6,957			8,325
Operating lease right-of-use assets		104,769			32,947			32,702			32,152			33,012
Other assets		663,835			637,544			640,005			646,308			639,502
*Total assets*	$	19,108,351		$	19,192,470		$	18,987,324		$	18,925,211		$	18,801,510

Deposits:
Noninterest-bearing	$	3,262,885		$	3,373,546		$	3,095,696		$	3,036,504		$	3,321,132
Interest-bearing		12,795,175			12,697,669			12,616,812			12,463,280			12,309,842
*Total deposits*		16,058,060			16,071,215			15,712,508			15,499,784			15,630,974
Fed funds purchased and repurchases		205,000			360,000			385,000			445,000			420,000
Other borrowings		136,301			137,853			292,532			364,762			208,366
Subordinated notes		172,195			172,119			172,042			171,966			123,867
Junior subordinated debt securities		61,856			61,856			61,856			61,856			61,856
ACL on off-balance sheet credit exposures		28,619			27,534			26,003			27,951			26,186
Operating lease liabilities		109,137			37,091			36,819			36,250			37,100
Other liabilities		243,924			181,171			171,419			195,965			178,893
*Total liabilities*		17,015,092			17,048,839			16,858,179			16,803,534			16,687,242
Common stock		12,044			12,132			12,226			12,296			12,528
Capital surplus		24,378			42,695			62,051			81,951			123,435
Retained earnings		2,174,556			2,131,086			2,082,304			2,041,055			1,997,685
Accumulated other comprehensive income (loss),
net of tax		(117,719	)		(42,282	)		(27,436	)		(13,625	)		(19,380	)
*Total shareholders' equity*		2,093,259			2,143,631			2,129,145			2,121,677			2,114,268
*Total liabilities and equity*	$	19,108,351		$	19,192,470		$	18,987,324		$	18,925,211		$	18,801,510
*See Notes to Consolidated Financials*

TRUSTMARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED FINANCIAL INFORMATION
September 30, 2026
($ in thousands except per share data)
(unaudited)

	Quarter Ended														Nine Months Ended
INCOME STATEMENTS	9/30/2026			6/30/2026			3/31/2026			12/31/2025			9/30/2025		9/30/2026			9/30/2025
Interest and fees on LHFS & LHFI-FTE	$	211,990		$	209,557		$	205,117		$	211,716		$	214,636	$	626,664		$	625,642
Interest on securities		27,914			26,952			26,781			26,587			26,625		81,647			78,950
Other interest income		3,932			3,854			3,147			3,967			4,233		10,933			12,813
Total interest income-FTE		243,836			240,363			235,045			242,270			245,494		719,244			717,405
Interest on deposits		67,582			62,629			62,719			67,696			71,065		192,930			206,960
Interest on fed funds purchased and repurchases		1,843			3,748			3,975			4,089			4,626		9,566			13,437
Other interest expense		3,843			5,426			4,817			4,659			4,585		14,086			15,643
Total interest expense		73,268			71,803			71,511			76,444			80,276		216,582			236,040
Net interest income-FTE		170,568			168,560			163,534			165,826			165,218		502,662			481,365
PCL, LHFI		1,179			4,452			4,688			(550	)		1,390		10,319			14,861
PCL, off-balance sheet credit exposures		1,085			1,531			(1,948	)		1,765			295		668			(3,206	)
PCL, LHFI sale of 1-4 family mortgage loans		—			(9,227	)		—			—			—		(9,227	)		—
Net interest income after provision-FTE		168,304			171,804			160,794			164,611			163,533		500,902			469,710
Service charges on deposit accounts		10,626			10,375			10,654			11,184			11,251		31,655			32,472
Bank card and other fees		8,149			8,743			7,988			8,646			8,318		24,880			24,736
Mortgage banking, net		7,880			8,914			8,934			7,527			8,182		25,728			25,555
Wealth management		11,161			10,922			10,393			11,133			9,798		32,476			28,979
Other, net		1,677			3,617			4,376			2,745			2,382		9,670			10,663
Gain on sale-leaseback, net		61,518			—			—			—			—		61,518			—
Securities gains (losses), net		(61,511	)		—			—			—			—		(61,511	)		—
Total noninterest income		39,500			42,571			42,345			41,235			39,931		124,416			122,405
Salaries and employee benefits		74,684			72,990			74,242			75,079			71,508		221,916			208,298
Services and fees		29,945			29,748			27,944			27,369			28,777		87,637			82,022
Net occupancy-premises		8,555			7,728			7,826			7,835			7,774		24,109			22,666
Equipment expense		6,958			7,267			6,998			6,878			6,410		21,223			18,924
Other expense		14,294			15,950			15,149			15,011			16,464		45,393			48,148
Total noninterest expense		134,436			133,683			132,159			132,172			130,933		400,278			380,058
Income before income taxes and FTE adjustment		73,368			80,692			70,980			73,674			72,531		225,040			212,057
FTE adjustment		2,921			2,930			2,975			2,940			2,777		8,826			8,113
Income before income taxes		70,447			77,762			68,005			70,734			69,754		216,214			203,944
Income taxes		12,373			14,240			11,890			12,860			12,967		38,503			37,683
Net income	$	58,074		$	63,522		$	56,115		$	57,874		$	56,787	$	177,711		$	166,261

Per share data
Basic earnings per share	$	1.00		$	1.09		$	0.95		$	0.97		$	0.94	$	3.04		$	2.75
Diluted earnings per share	$	1.00		$	1.08		$	0.95		$	0.97		$	0.94	$	3.03		$	2.74
Dividends per share	$	0.25		$	0.25		$	0.25		$	0.24		$	0.24	$	0.75		$	0.72

Weighted average shares outstanding
Basic		57,982,213			58,470,366			58,832,130			59,691,343			60,299,193		58,425,123			60,518,751
Diluted		58,224,180			58,697,955			59,067,767			59,950,488			60,540,158		58,646,736			60,747,974
Period end shares outstanding		57,804,451			58,225,687			58,679,730			59,012,423			60,126,376		57,804,451			60,126,376
*See Notes to Consolidated Financials*

*TRUSTMARK CORPORATION AND SUBSIDIARIES*
*CONSOLIDATED FINANCIAL INFORMATION*
*September 30, 2026*
*($ in thousands)*
*(unaudited)*


	*Quarter Ended*
*NONPERFORMING ASSETS*	*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*
Nonaccrual LHFI
Alabama	$	11,792		$	12,012		$	11,151		$	4,638		$	3,475
Florida		488			514			553			442			460
Mississippi (1)		36,954			31,078			76,671			73,045			62,502
Tennessee (2)		2,936			2,936			2,542			2,396			2,293
Texas		2,177			3,118			5,802			3,870			15,225
*Total nonaccrual LHFI*		54,347			49,658			96,719			84,391			83,955
Other real estate
Alabama		367			1,356			1,356			409			656
Florida		222			—			—			—			—
Mississippi (1)		1,763			2,870			5,033			5,621			5,843
Tennessee (2)		147			982			927			927			927
Texas		198			—			—			—			899
*Total other real estate*		2,697			5,208			7,316			6,957			8,325
*Total nonperforming assets*	$	57,044		$	54,866		$	104,035		$	91,348		$	92,280

*LOANS PAST DUE OVER 90 DAYS*
LHFI	$	4,127		$	3,065		$	3,745		$	5,097		$	4,853

LHFS-Guaranteed GNMA serviced loans
(no obligation to repurchase)	$	103,895		$	109,508		$	116,395		$	98,939		$	77,859


	*Quarter Ended*															*Nine Months Ended*
*ACL LHFI*	*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*			*9/30/2026*			*9/30/2025*
Beginning Balance	$	148,189		$	160,431		$	157,071		$	165,242		$	168,237		$	157,071		$	160,270
PCL, LHFI		1,179			4,452			4,688			(550	)		1,390			10,319			14,861
PCL, LHFI sale of 1-4 family mortgage loans		—			(9,227	)		—			—			—			(9,227	)		—
Charge-offs, sale of 1-4 family mortgage loans		—			(6,316	)		—			—			—			(6,316	)		—
Charge-offs		(3,354	)		(3,493	)		(3,686	)		(9,892	)		(6,775	)		(10,533	)		(16,856	)
Recoveries		2,324			2,342			2,358			2,271			2,390			7,024			6,967
Net (charge-offs) recoveries		(1,030	)		(7,467	)		(1,328	)		(7,621	)		(4,385	)		(9,825	)		(9,889	)
Ending Balance	$	148,338		$	148,189		$	160,431		$	157,071		$	165,242		$	148,338		$	165,242

*NET (CHARGE-OFFS) RECOVERIES*
Alabama	$	(74	)	$	(140	)	$	(104	)	$	(426	)	$	(3,069	)	$	(318	)	$	(5,607	)
Florida		(37	)		73			(35	)		204			2			1			136
Mississippi (1)		(836	)		(7,287	)		(626	)		(1,468	)		(1,520	)		(8,749	)		(3,922	)
Tennessee (2)		(41	)		(185	)		7			(82	)		(182	)		(219	)		(741	)
Texas		(42	)		72			(570	)		(5,849	)		384			(540	)		245
*Total net (charge-offs) recoveries*	$	(1,030	)	$	(7,467	)	$	(1,328	)	$	(7,621	)	$	(4,385	)	$	(9,825	)	$	(9,889	)


(1) Mississippi includes Central and Southern Mississippi Regions.
(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions. *See Notes to Consolidated Financials*

*TRUSTMARK CORPORATION AND SUBSIDIARIES*
*CONSOLIDATED FINANCIAL INFORMATION*
*September 30, 2026*
*(unaudited)*


	*Quarter Ended*															*Nine Months Ended*
*FINANCIAL RATIOS AND OTHER DATA*	*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*			*9/30/2026*		*9/30/2025*
Return on average equity		10.74	%		11.88	%		10.62	%		10.80	%		10.78	%	11.08	%	10.89	%
Return on average tangible equity		12.72	%		14.08	%		12.58	%		12.82	%		12.84	%	13.13	%	13.03	%
Return on average assets		1.21	%		1.33	%		1.20	%		1.23	%		1.21	%	1.25	%	1.21	%
Interest margin - Yield - FTE		5.49	%		5.47	%		5.47	%		5.56	%		5.69	%	5.48	%	5.66	%
Interest margin - Cost		1.65	%		1.63	%		1.66	%		1.75	%		1.86	%	1.65	%	1.86	%
Net interest margin - FTE		3.84	%		3.84	%		3.81	%		3.81	%		3.83	%	3.83	%	3.80	%
Efficiency ratio (1)		63.21	%		62.15	%		63.25	%		62.69	%		61.98	%	62.87	%	61.67	%
Full-time equivalent employees		2,574			2,583			2,530			2,543			2,539

*CREDIT QUALITY RATIOS*
Net (recoveries) charge-offs (excl sale of 1-4 family
mortgage loans) / average loans (LHFS + LHFI)		0.03	%		0.03	%		0.04	%		0.22	%		0.13	%	0.03	%	0.10	%
PCL, LHFI / average loans (LHFS + LHFI)		0.03	%		0.13	%		0.14	%		-0.02	%		0.04	%	0.10	%	0.15	%
Nonaccrual LHFI / (LHFI + LHFS)		0.39	%		0.35	%		0.68	%		0.60	%		0.61	%
Nonperforming assets / (LHFI + LHFS)		0.40	%		0.39	%		0.73	%		0.65	%		0.67	%
Nonperforming assets / (LHFI + LHFS
+ other real estate)		0.40	%		0.39	%		0.73	%		0.65	%		0.67	%
ACL LHFI / LHFI		1.07	%		1.07	%		1.16	%		1.15	%		1.22	%
ACL LHFI-commercial / commercial LHFI		0.90	%		0.90	%		0.88	%		0.91	%		1.00	%
ACL LHFI-consumer / consumer and
home mortgage LHFI		1.61	%		1.63	%		2.09	%		1.94	%		1.95	%
ACL LHFI / nonaccrual LHFI		272.95	%		298.42	%		165.87	%		186.12	%		196.82	%
ACL LHFI / nonaccrual LHFI
(excl individually analyzed loans)		560.10	%		797.98	%		200.69	%		209.18	%		239.69	%

*CAPITAL RATIOS*
Total equity / total assets		10.95	%		11.17	%		11.21	%		11.21	%		11.25	%
Tangible equity / tangible assets		9.37	%		9.59	%		9.62	%		9.61	%		9.64	%
Tangible equity / risk-weighted assets		11.15	%		11.52	%		11.44	%		11.54	%		11.66	%
Tier 1 leverage ratio		10.39	%		10.25	%		10.19	%		10.18	%		10.26	%
Common equity tier 1 capital ratio		11.98	%		11.87	%		11.70	%		11.72	%		11.88	%
Tier 1 risk-based capital ratio		12.36	%		12.26	%		12.09	%		12.11	%		12.27	%
Total risk-based capital ratio		14.57	%		14.47	%		14.37	%		14.41	%		14.33	%

*STOCK PERFORMANCE*
Market value-Close	$	44.83		$	46.01		$	42.14		$	38.95		$	39.60
Book value	$	36.21		$	36.82		$	36.28		$	35.95		$	35.16
Tangible book value	$	30.42		$	31.07		$	30.58		$	30.28		$	29.60

(1) See Note 8 – Non-GAAP Financial Measures in the Notes to Consolidated Financials for Trustmark’s efficiency ratio calculation. *See Notes to Consolidated Financials*

TRUSTMARK CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIALS September 30, 2026 ($ in thousands) (unaudited) Note 1 – Non-Routine Transactions On September 3, 2026, Trustmark Bank (TB) entered into and simultaneously closed a sale-leaseback transaction for the purchase and sale of real property (the Sale Agreement) with entities affiliated with Blue Owl Real Estate Capital LLC (collectively, Blue Owl), providing for the sale to Blue Owl of 34 bank branch properties owned and operated by TB (collectively, the Branches) for an aggregate cash net purchase price of $91.7 million. The Branches are located in Mississippi, Florida, Tennessee, Alabama and Texas. Under the Sale Agreement, TB entered into, concurrently with the closing of the sale of the Branches, triple net lease agreements (the Lease Agreements) with Blue Owl, pursuant to which TB leased each of the Branches (the sale of the Branches pursuant to the Sale Agreement, and the lease of the Branches pursuant to the Lease Agreements, are collectively referred to as the Sale-leaseback Transaction). Each of the Lease Agreements has an initial term of 15 years and provides TB with three consecutive renewal options of five years each. The initial aggregate annual rent payable by TB under the Lease Agreements is $6.4 million, subject to a 1.5% annual rent escalation during the initial term and the renewal terms, if exercised. TB will continue to operate the Branches as bank branches with the same service offerings. The sale of the Branches resulted in a pre-tax gain of $61.5 million, after transaction-related expenses. With the Sale-leaseback Transaction, Trustmark recorded additional lease right-of-use assets of $72.5 million and operating lease liabilities of $72.6 million. Following the completion of the Sale-leaseback Transaction, Trustmark executed a restructuring of its investment securities portfolio by reclassifying its securities held to maturity to securities available for sale. Trustmark then sold approximately $629.5 million of lower-yielding investment securities with a weighted-average yield of approximately 1.4% and purchased approximately $628.0 million of investment securities with a weighted-average yield of approximately 5.0%, which resulted in a pre-tax loss of approximately $61.5 million. During the second quarter of 2026, Trustmark sold a portfolio of 1-4 family mortgage loans that were primarily three payments delinquent and/or nonaccrual. The following table illustrates the financial components of the sale:

Proceeds from the sale of 1-4 family mortgage loans, net of fees		$	62,477
Book value of loans sold			(73,798	)
Loss on sale			(11,321	)
Less: Credit-related portion of loss from loans sold (recorded as charge-offs against
the allowance for credit losses)			6,316
Noncredit-related portion of loss from loans sold (recorded to noninterest income in Other, net)	(a)	$	(5,005	)


Allowance for credit losses released from the sale		$	(15,543	)
Credit-related portion of loss from loans sold			6,316
Negative PCL, LHFI sale of 1-4 family mortgage loans	(b)	$	(9,227	)

Net increase in pre-tax income from the sale of 1-4 family mortgage loans	(a)-(b)=	$	4,222

Additionally, during the second quarter of 2026, Visa and TB completed an exchange, offered by Visa, in which TB received Visa B-3 shares and Visa C shares for its Visa B-2 shares. Two-thirds of the Visa C shares that were received by TB were converted to Visa A shares and sold for a gain of $3.3 million ($2.5 million, net of taxes). One-third of the Visa C shares that were received were recognized at fair value, which resulted in a gain of $1.7 million ($1.2 million, net of taxes). During the third quarter of 2026, TB converted the remaining one-third Visa C shares to Visa A shares and sold them for approximately the same carrying value at June 30, 2026. The total gain on Visa shares was recorded to noninterest income in Other, net. The Visa B-3 shares were recorded at their nominal carrying value. Note 2 – Subordinated Notes Payable During the fourth quarter of 2025, Trustmark agreed to issue and sell $175.0 million aggregate principal amount of its 6.00% Fixed-to-Floating Rate Subordinated Notes (the Notes) due December 1, 2035. The Notes were sold at an underwriting discount of 1.1%, resulting in net proceeds to Trustmark of $173.1 million before deducting offering expenses. Trustmark used the net proceeds from the offering, after the payment of offering expenses, to repay the existing $125.0 million of aggregate principal amount of its outstanding 3.625% Fixed-to-Floating Rate Subordinated Notes due December 1, 2030 plus accrued interest, and for general corporate purposes. The Notes are unsecured obligations and are subordinated in right of payment to all of Trustmark’s existing and future senior indebtedness, whether secured or unsecured. The Notes are obligations of Trustmark only and are not obligations of, and are not guaranteed by, any of its subsidiaries, including TB. The Notes qualify as Tier 2 capital for Trustmark. The Notes may be redeemed at Trustmark’s option under certain circumstances. From and including the date of issuance to, but excluding, December 1, 2030 (unless redeemed prior to such date), the Notes bear interest at a rate of 6.00% per year, payable semiannually in arrears on June 1 and December 1 of each year, commencing on June 1, 2026. From and including December 1, 2030 to, but excluding, the maturity date (unless redeemed prior to such date), the Notes will bear interest at a floating rate per year equal to the Three-Month Term Secured Overnight Financing Rate (SOFR), plus 260 basis points, payable quarterly in arrears on March 1, June 1, September 1 and December 1 of each year, commencing on March 1, 2031. At September 30, 2026, the carrying amount of the Notes was $172.2 million.

*TRUSTMARK CORPORATION AND SUBSIDIARIES* *NOTES TO CONSOLIDATED FINANCIALS* *September 30, 2026* *($ in thousands)* *(unaudited)* Note 3 – Securities Available for Sale and Held to Maturity The following table is a summary of the estimated fair value of securities available for sale and the amortized cost of securities held to maturity:

	*9/30/2026*		*6/30/2026*		*3/31/2026*		*12/31/2025*		*9/30/2025*
*SECURITIES AVAILABLE FOR SALE*
U.S. Treasury securities	$	202,689	$	207,053	$	221,733	$	208,948	$	208,269
U.S. Government agency obligations		67,097		69,929		70,255		70,849		70,535
Mortgage-backed securities
Residential mortgage pass-through securities
Guaranteed by GNMA		339,373		42,116		40,197		38,535		35,806
Issued by FNMA and FHLMC		1,532,601		1,255,507		1,214,980		1,187,759		1,126,931
Other residential mortgage-backed securities
Issued or guaranteed by FNMA, FHLMC, or GNMA		54,941		—		—		—		—
Commercial mortgage-backed securities
Issued or guaranteed by FNMA, FHLMC, or GNMA		771,626		367,019		366,670		370,739		372,704
Total securities available for sale	$	2,968,327	$	1,941,624	$	1,913,835	$	1,876,830	$	1,814,245

*SECURITIES HELD TO MATURITY*
U.S. Treasury securities	$	—	$	30,995	$	30,804	$	30,615	$	30,421
Mortgage-backed securities
Residential mortgage pass-through securities
Guaranteed by GNMA		—		12,441		12,733		13,154		14,353
Issued by FNMA and FHLMC		—		346,802		359,768		372,311		384,625
Other residential mortgage-backed securities
Issued or guaranteed by FNMA, FHLMC, or GNMA		—		84,529		90,748		96,667		103,041
Commercial mortgage-backed securities
Issued or guaranteed by FNMA, FHLMC, or GNMA		—		660,056		665,623		694,707		736,019
Total securities held to maturity	$	—	$	1,134,823	$	1,159,676	$	1,207,454	$	1,268,459

As previously mentioned, Trustmark executed a restructuring of its investment securities portfolio by reclassifying its securities held to maturity to securities available for sale during the third quarter of 2026. At the transfer date, Trustmark reclassified $1.118 billion of securities held to maturity to securities available for sale. As a result of the transfer, Trustmark intends to classify any new securities purchased as securities available for sale and does not anticipate using the held to maturity classification for the foreseeable future. See Note 1 – Non-Routine Transactions for further details. At September 30, 2026, the net unamortized, unrealized loss included in accumulated other comprehensive income (loss) in the accompanying balance sheet for securities available for sale that had previously been transferred to held to maturity totaled $7.2 million. Management continues to focus on asset quality as one of the strategic goals of the securities portfolio, which is evidenced by the investment of 100.0% of the portfolio in U.S. Treasury securities, direct obligations of government agencies and GSE-backed obligations. None of the securities owned by Trustmark are collateralized by assets which are considered sub-prime. Furthermore, outside of stock ownership in the Federal Home Loan Bank of Dallas and Federal Reserve Bank, Trustmark does not hold any other equity investment in a GSE.

TRUSTMARK CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIALS September 30, 2026 ($ in thousands) (unaudited) Note 4 – Loan Composition LHFI consisted of the following during the periods presented:

*LHFI BY TYPE*	*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*
Loans secured by real estate:
Construction, land development and
other land loans	$	1,275,984		$	1,216,800		$	1,205,698		$	1,144,591		$	1,241,827
Secured by 1-4 family residential properties		3,138,636			3,078,565			3,059,727			3,056,189			3,054,869
Secured by nonfarm, nonresidential properties		3,192,249			3,198,800			3,289,115			3,304,523			3,299,819
Other real estate secured		1,935,208			1,990,550			2,079,222			2,124,272			2,055,712
Commercial and industrial loans		2,212,869			2,294,721			2,166,425			1,999,464			1,903,606
Consumer loans		160,350			156,254			154,787			159,158			151,287
State and other political subdivision loans		1,003,890			1,046,511			1,059,624			1,061,584			1,028,396
Other loans and leases		949,985			930,822			863,373			824,452			812,640
LHFI		13,869,171			13,913,023			13,877,971			13,674,233			13,548,156
ACL LHFI		(148,338	)		(148,189	)		(160,431	)		(157,071	)		(165,242	)
Net LHFI	$	13,720,833		$	13,764,834		$	13,717,540		$	13,517,162		$	13,382,914

The following table presents the LHFI composition based upon the region where the loan was originated and reflects each region’s diversified mix of loans:

	*September 30, 2026*
*LHFI - COMPOSITION BY REGION*	*Total*		*Alabama*		*Florida*		*Georgia*		Mississippi (Central and Southern Regions)		Tennessee (Memphis, TN and Northern MS Regions)		*Texas*
Loans secured by real estate:
Construction, land development and
other land loans	$	1,275,984	$	455,909	$	25,806	$	105,153	$	345,642	$	39,553	$	303,921
Secured by 1-4 family residential properties		3,138,636		174,649		65,284		—		2,761,606		93,125		43,972
Secured by nonfarm, nonresidential properties		3,192,249		793,884		151,963		183,497		1,481,129		103,637		478,139
Other real estate secured		1,935,208		703,305		1,534		313,684		596,341		7,037		313,307
Commercial and industrial loans		2,212,869		648,747		25,164		403,069		747,545		135,609		252,735
Consumer loans		160,350		19,745		8,755		—		88,322		10,618		32,910
State and other political subdivision loans		1,003,890		48,978		55,003		4,690		775,352		31,566		88,301
Other loans and leases		949,985		24,575		4,765		554,618		250,515		58,526		56,986
Loans	$	13,869,171	$	2,869,792	$	338,274	$	1,564,711	$	7,046,452	$	479,671	$	1,570,271

*CONSTRUCTION, LAND DEVELOPMENT AND OTHER LAND LOANS BY REGION*
Lots	$	85,078	$	34,618	$	11,198	$	—	$	20,550	$	3,896	$	14,816
Development		77,456		38,722		—		—		12,729		10,776		15,229
Unimproved land		79,546		24,818		5,958		—		22,186		4,557		22,027
1-4 family construction		355,679		185,816		8,650		12,018		70,903		20,037		58,255
Other construction		678,225		171,935		—		93,135		219,274		287		193,594
Construction, land development
and other land loans	$	1,275,984	$	455,909	$	25,806	$	105,153	$	345,642	$	39,553	$	303,921

*TRUSTMARK CORPORATION AND SUBSIDIARIES* *NOTES TO CONSOLIDATED FINANCIALS* *September 30, 2026* *($ in thousands)* *(unaudited)* Note 4 – Loan Composition (continued)

	*September 30, 2026*
	*Total*		*Alabama*		*Florida*		*Georgia*		Mississippi (Central and Southern Regions)		Tennessee (Memphis, TN and Northern MS Regions)		*Texas*

*LOANS SECURED BY NONFARM, NONRESIDENTIAL PROPERTIES BY REGION*
Non-owner occupied:
Retail	$	246,032	$	83,270	$	9,756	$	19,175	$	67,548	$	16,669	$	49,614
Office		187,460		44,820		16,782		—		85,057		2,468		38,333
Hotel/motel		207,752		122,119		22,760		—		51,501		11,372		—
Mini-storage		199,398		48,355		738		54,854		95,109		342		—
Industrial & warehouses		540,778		97,429		18,617		59,468		281,408		2,904		80,952
Health care		124,921		106,469		641		—		15,589		293		1,929
Convenience stores		16,216		1,254		356		—		8,789		122		5,695
Nursing homes/senior living		162,414		13,948		—		—		124,452		2,885		21,129
Other		194,143		34,736		7,614		50,000		60,991		5,494		35,308
Total non-owner occupied loans		1,879,114		552,400		77,264		183,497		790,444		42,549		232,960

Owner-occupied:
Office		150,402		44,360		27,303		—		42,442		9,895		26,402
Churches		54,565		9,243		3,351		—		37,042		1,745		3,184
Industrial & warehouses		217,650		16,702		6,661		—		68,956		8,771		116,560
Health care		81,578		4,630		13,553		—		57,953		2,049		3,393
Convenience stores		94,334		5,133		2,417		—		54,023		—		32,761
Retail		81,669		16,574		12,614		—		39,287		6,613		6,581
Restaurants		69,171		2,217		1,531		—		36,738		23,745		4,940
Auto dealerships		16,173		1,046		121		—		13,975		1,031		—
Nursing homes/senior living		398,127		124,523		—		—		273,604		—		—
Other		149,466		17,056		7,148		—		66,665		7,239		51,358
Total owner-occupied loans		1,313,135		241,484		74,699		—		690,685		61,088		245,179
Loans secured by nonfarm, nonresidential properties	$	3,192,249	$	793,884	$	151,963	$	183,497	$	1,481,129	$	103,637	$	478,139

Note 5 – Yields on Earning Assets and Costs of Interest-Bearing Liabilities The following table illustrates the yields on earning assets by category as well as the costs of interest-bearing liabilities on a tax equivalent basis. The cost of total deposits includes both interest-bearing deposits and noninterest-bearing deposits. The net interest margin, which equals reported net interest income-FTE, annualized, as a percent of average earning assets, is also presented in the table below.

	*Quarter Ended*															*Nine Months Ended*
	*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*			*9/30/2026*			*9/30/2025*
Securities – total		3.60	%		3.52	%		3.57	%		3.46	%		3.50	%		3.56	%		3.47	%
LHFI & LHFS		5.97	%		5.93	%		5.93	%		6.06	%		6.21	%		5.94	%		6.19	%
Other earning assets		3.55	%		4.18	%		3.46	%		4.26	%		4.32	%		3.72	%		4.39	%
Total earning assets		5.49	%		5.47	%		5.47	%		5.56	%		5.69	%		5.48	%		5.66	%

Interest-bearing deposits		2.09	%		2.00	%		2.02	%		2.16	%		2.32	%		2.04	%		2.30	%
Fed funds purchased & repurchases		3.77	%		3.75	%		3.75	%		4.03	%		4.37	%		3.76	%		4.34	%
Other borrowings		4.12	%		3.98	%		3.80	%		4.61	%		3.88	%		3.95	%		3.88	%
Total interest-bearing liabilities		2.17	%		2.13	%		2.15	%		2.29	%		2.44	%		2.15	%		2.43	%

Total deposits		1.67	%		1.59	%		1.63	%		1.72	%		1.84	%		1.63	%		1.82	%

Net interest margin		3.84	%		3.84	%		3.81	%		3.81	%		3.83	%		3.83	%		3.80	%

TRUSTMARK CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIALS September 30, 2026 ($ in thousands) (unaudited) Note 5 – Yields on Earning Assets and Costs of Interest-Bearing Liabilities (continued) The net interest margin remained flat when compared to the second quarter of 2026, totaling 3.84% for the third quarter as the increases in the yields on the securities and the LHFI & LHFS portfolios were offset by an increase in the costs of interest-bearing deposits. Note 6 – Mortgage Banking Trustmark utilizes a portfolio of exchange-traded derivative instruments, such as Treasury note futures contracts and option contracts, to achieve a fair value return that offsets the changes in fair value of mortgage servicing rights (MSR) attributable to interest rates. These transactions are considered freestanding derivatives that do not otherwise qualify for hedge accounting under generally accepted accounting principles (GAAP). Changes in the fair value of these exchange-traded derivative instruments, including administrative costs, are recorded in noninterest income in mortgage banking, net and are offset by the changes in the fair value of the MSR. The MSR fair value represents the present value of future cash flows, which among other things includes decay and the effect of changes in interest rates. Ineffectiveness of hedging the MSR fair value is measured by comparing the change in value of hedge instruments to the change in the fair value of the MSR asset attributable to changes in interest rates and other market driven changes in valuation inputs and assumptions. The impact of this strategy resulted in a net positive hedge ineffectiveness of $283 thousand during the third quarter of 2026. The following table illustrates the components of mortgage banking revenues included in noninterest income in the accompanying income statements:

	*Quarter Ended*															*Nine Months Ended*
	*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*			*9/30/2026*			*9/30/2025*
Mortgage servicing income, net	$	7,520		$	7,441		$	7,349		$	7,342		$	7,251		$	22,310		$	21,554
Change in fair value-MSR from runoff		(3,874	)		(3,531	)		(3,105	)		(4,141	)		(3,441	)		(10,510	)		(9,099	)
Gain on sales of loans, net		3,951			4,805			4,786			4,908			5,230			13,542			15,080
Mortgage banking income before hedge
ineffectiveness		7,597			8,715			9,030			8,109			9,040			25,342			27,535
Change in fair value-MSR from market changes		14,175			3,320			3,962			(445	)		(1,521	)		21,457			(9,395	)
Change in fair value of derivatives		(13,892	)		(3,121	)		(4,058	)		(137	)		663			(21,071	)		7,415
Net positive (negative) hedge ineffectiveness		283			199			(96	)		(582	)		(858	)		386			(1,980	)
Mortgage banking, net	$	7,880		$	8,914		$	8,934		$	7,527		$	8,182		$	25,728		$	25,555

Note 7 – Other Noninterest Income and Expense Other noninterest income consisted of the following for the periods presented:

	*Quarter Ended*															*Nine Months Ended*
	*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*			*9/30/2026*			*9/30/2025*
Partnership amortization for tax credit purposes	$	(2,196	)	$	(2,171	)	$	(2,193	)	$	(2,380	)	$	(2,385	)	$	(6,560	)	$	(6,646	)
Increase in life insurance cash surrender value		1,970			1,925			1,872			1,940			1,945			5,767			5,723
Loss on sale of 1-4 family mortgage loans		—			(5,005	)		—			—			—			(5,005	)		—
Gain on sale of Visa A shares		—			3,269			—			—			—			3,269			—
Visa C shares fair value adjustment		—			1,659			—			—			—			1,659			—
Other miscellaneous income		1,903			3,940			4,697			3,185			2,822			10,540			11,586
Total other, net	$	1,677		$	3,617		$	4,376		$	2,745		$	2,382		$	9,670		$	10,663

Trustmark invests in partnerships that provide income tax credits on a Federal and/or State basis (i.e., new market tax credits, low-income housing tax credits and historical tax credits). The income tax credits related to these partnerships are utilized as specifically allowed by income tax law and are recorded as a reduction in income tax expense. Other noninterest expense consisted of the following for the periods presented:

	*Quarter Ended*											*Nine Months Ended*
	*9/30/2026*			*6/30/2026*		*3/31/2026*		*12/31/2025*		*9/30/2025*		*9/30/2026*		*9/30/2025*
Loan expense	$	3,371		$	3,569	$	3,230	$	3,425	$	3,287	$	10,170	$	9,456
Amortization of intangibles		—			—		—		32		31		—		94
FDIC assessment expense		3,287			3,389		3,607		3,546		3,935		10,283		12,159
Other real estate expense, net		(110	)		689		183		501		1,932		762		2,543
Other miscellaneous expense		7,746			8,303		8,129		7,507		7,279		24,178		23,896
Total other expense	$	14,294		$	15,950	$	15,149	$	15,011	$	16,464	$	45,393	$	48,148

TRUSTMARK CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIALS September 30, 2026 ($ in thousands) (unaudited) Note 8 – Non-GAAP Financial Measures In addition to capital ratios defined by GAAP and banking regulators, Trustmark utilizes various tangible common equity measures when evaluating capital utilization and adequacy. Tangible common equity, as defined by Trustmark, represents common equity less goodwill and identifiable intangible assets. Trustmark’s Common Equity Tier 1 capital includes common stock, capital surplus and retained earnings, and is reduced by goodwill and other intangible assets, net of associated net deferred tax liabilities as well as disallowed deferred tax assets and threshold deductions as applicable. Trustmark believes these measures are important because they reflect the level of capital available to withstand unexpected market conditions. Additionally, presentation of these measures allows readers to compare certain aspects of Trustmark’s capitalization to other organizations. These ratios differ from capital measures defined by banking regulators principally in that the numerator excludes shareholders’ equity associated with preferred securities, the nature and extent of which varies across organizations. In Management’s experience, many stock analysts use tangible common equity measures in conjunction with more traditional bank capital ratios to compare capital adequacy of banking organizations with significant amounts of goodwill or other intangible assets, typically stemming from the use of the purchase accounting method in accounting for mergers and acquisitions. These calculations are intended to complement the capital ratios defined by GAAP and banking regulators. Because GAAP does not include these capital ratio measures, Trustmark believes there are no comparable GAAP financial measures to these tangible common equity ratios. Despite the importance of these measures to Trustmark, there are no standardized definitions for them and, as a result, Trustmark’s calculations may not be comparable with other organizations. Also, there may be limits in the usefulness of these measures to investors. As a result, Trustmark encourages readers to consider its audited consolidated financial statements and the notes related thereto in their entirety and not to rely on any single financial measure.

		*Quarter Ended*															*Nine Months Ended*
		*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*			*9/30/2026*			*9/30/2025*
*TANGIBLE EQUITY*
AVERAGE BALANCES
Average shareholders' equity		$	2,145,993		$	2,143,847		$	2,143,432		$	2,126,774		$	2,090,373		$	2,144,433		$	2,041,407
Less: Goodwill			(334,605	)		(334,605	)		(334,605	)		(334,605	)		(334,605	)		(334,605	)		(334,605	)
Identifiable intangible assets			—			—			—			(9	)		(49	)		—			(80	)
Average tangible shareholders' equity		$	1,811,388		$	1,809,242		$	1,808,827		$	1,792,160		$	1,755,719		$	1,809,828		$	1,706,722

PERIOD END BALANCES
Shareholders' equity		$	2,093,259		$	2,143,631		$	2,129,145		$	2,121,677		$	2,114,268
Less: Goodwill			(334,605	)		(334,605	)		(334,605	)		(334,605	)		(334,605	)
Identifiable intangible assets			—			—			—			—			(32	)
Tangible shareholders' equity	(a)	$	1,758,654		$	1,809,026		$	1,794,540		$	1,787,072		$	1,779,631

*TANGIBLE ASSETS*
Assets		$	19,108,351		$	19,192,470		$	18,987,324		$	18,925,211		$	18,801,510
Less: Goodwill			(334,605	)		(334,605	)		(334,605	)		(334,605	)		(334,605	)
Identifiable intangible assets			—			—			—			—			(32	)
Tangible assets	(b)	$	18,773,746		$	18,857,865		$	18,652,719		$	18,590,606		$	18,466,873
Risk-weighted assets	(c)	$	15,777,643		$	15,707,804		$	15,680,449		$	15,483,472		$	15,262,807

*NET INCOME ADJUSTED FOR INTANGIBLE AMORTIZATION*
Net income		$	58,074		$	63,522		$	56,115		$	57,874		$	56,787		$	177,711		$	166,261
Plus: Intangible amortization net of tax			—			—			—			24			24			—			72
Net income adjusted for intangible amortization		$	58,074		$	63,522		$	56,115		$	57,898		$	56,811		$	177,711		$	166,333
Period end common shares
outstanding	(d)		57,804,451			58,225,687			58,679,730			59,012,423			60,126,376

*TANGIBLE COMMON EQUITY MEASUREMENTS*
Return on average tangible equity (1)			12.72	%		14.08	%		12.58	%		12.82	%		12.84	%		13.13	%		13.03	%
Tangible equity/tangible assets	(a)/(b)		9.37	%		9.59	%		9.62	%		9.61	%		9.64	%
Tangible equity/risk-weighted assets	(a)/(c)		11.15	%		11.52	%		11.44	%		11.54	%		11.66	%
Tangible book value	(a)/(d)*1,000	$	30.42		$	31.07		$	30.58		$	30.28		$	29.60

TRUSTMARK CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIALS September 30, 2026 ($ in thousands) (unaudited) Note 8 – Non-GAAP Financial Measures (continued)

Table continued from previous page.		*Quarter Ended*
		*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*
*COMMON EQUITY TIER 1 CAPITAL (CET1)*
Shareholders' equity		$	2,093,259		$	2,143,631		$	2,129,145		$	2,121,677		$	2,114,268
AOCI-related adjustments			117,719			42,282			27,436			13,625			19,380
CET1 adjustments and deductions:
Goodwill net of associated deferred
tax liabilities (DTLs)			(320,752	)		(320,753	)		(320,753	)		(320,754	)		(320,754	)
Other adjustments and deductions
for CET1 (2)			(14	)		(125	)		(710	)		(253	)		(111	)
CET1 capital	(e)		1,890,212			1,865,035			1,835,118			1,814,295			1,812,783
Additional tier 1 capital instruments
plus related surplus			60,000			60,000			60,000			60,000			60,000
Tier 1 capital		$	1,950,212		$	1,925,035		$	1,895,118		$	1,874,295		$	1,872,783

Common equity tier 1 capital ratio	(e)/(c)		11.98	%		11.87	%		11.70	%		11.72	%		11.88	%

1) Calculation = ((net income adjusted for intangible amortization/number of days in period)number of days in year)/average tangible shareholders' equity.*
2) Includes other intangible assets, net of DTLs, disallowed deferred tax assets (DTAs), threshold deductions and transition adjustments, as applicable. Trustmark discloses certain non-GAAP financial measures because Management uses these measures for business planning purposes, including to manage Trustmark’s business against internal projected results of operations and to measure Trustmark’s performance. Trustmark views these as measures of our core operating business, which exclude the impact of the items detailed below, as these items are generally not operational in nature. These non-GAAP financial measures also provide another basis for comparing period-to-period results as presented in the accompanying selected financial data table and the audited consolidated financial statements by excluding potential differences caused by non-operational and unusual or non-recurring items. Readers are cautioned that these adjustments are not permitted under GAAP. Trustmark encourages readers to consider its consolidated financial statements and the notes related thereto in their entirety, and not to rely on any single financial measure.

The following table presents pre-provision net revenue (PPNR) during the periods presented:

			*Quarter Ended*												*Nine Months Ended*
			*9/30/2026*			*6/30/2026*			*3/31/2026*		*12/31/2025*		*9/30/2025*		*9/30/2026*			*9/30/2025*
Net interest income (GAAP)		(a)	$	167,647		$	165,630		$	160,559	$	162,886	$	162,441	$	493,836		$	473,252

Noninterest income (GAAP)				39,500			42,571			42,345		41,235		39,931		124,416			122,405
Add:	Securities (gains) losses, net			61,511			—			—		—		—		61,511			—
	Loss on sale of 1-4 family mortgage
	loans (incl in Other, net)			—			5,005			—		—		—		5,005			—
Less:	Gain on sale-leaseback, net			(61,518	)		—			—		—		—		(61,518	)		—
	Gain on sale of Visa A shares (incl in Other, net)			—			(3,269	)		—		—		—		(3,269	)		—
	Visa C shares fair value adjustment (incl in Other, net)			—			(1,659	)		—		—		—		(1,659	)		—
Adjusted noninterest income (Non-GAAP)		(b)		39,493			42,648			42,345		41,235		39,931		124,486			122,405

Adjusted pre-provision revenue		(a)+(b)=(c)	$	207,140		$	208,278		$	202,904	$	204,121	$	202,372	$	618,322		$	595,657
Noninterest expense (GAAP)		(d)		134,436			133,683			132,159		132,172		130,933		400,278			380,058
PPNR (Non-GAAP)		(c)-(d)	$	72,704		$	74,595		$	70,745	$	71,949	$	71,439	$	218,044		$	215,599

TRUSTMARK CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIALS September 30, 2026 ($ in thousands *except per share data)* (unaudited) Note 8 – Non-GAAP Financial Measures (continued) The following table presents a reconciliation of net income (GAAP) to operating net income (Non-GAAP) along with select financial ratios during the periods presented:

	*Quarter Ended*															*Nine Months Ended*
	*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*			*9/30/2026*			*9/30/2025*
Net income (GAAP)	$	58,074		$	63,522		$	56,115		$	57,874		$	56,787		$	177,711		$	166,261

Non-routine transactions (net of taxes):
Gain on sale-leaseback, net		(46,139	)		—			—			—			—			(46,139	)		—
Securities (gains) losses, net		46,133			—			—			—			—			46,133			—
PCL, LHFI sale of 1-4 family mortgage loans		—			(6,920	)		—			—			—			(6,920	)		—
Loss on sale of 1-4 family mortgage loans (incl in Other, net)		—			3,754			—			—			—			3,754			—
Gain on sale of Visa A shares (incl in Other, net)		—			(2,452	)		—			—			—			(2,452	)		—
Visa C shares fair value adjustment (incl in Other, net)		—			(1,244	)		—			—			—			(1,244	)		—
Operating net income (Non-GAAP)	$	58,068		$	56,660		$	56,115		$	57,874		$	56,787		$	170,843		$	166,261

Diluted EPS - operating (Non-GAAP)	$	1.00		$	0.97		$	0.95		$	0.97		$	0.94		$	2.91		$	2.74

Average shareholders' equity	$	2,145,993		$	2,143,847		$	2,143,432		$	2,126,774		$	2,090,373		$	2,144,433		$	2,041,407
Impact of non-routine transactions (1)		(3	)		(3,431	)		—			—			—			(3,457	)		—
Average shareholders' equity -
operating (Non-GAAP)	$	2,145,990		$	2,140,416		$	2,143,432		$	2,126,774		$	2,090,373		$	2,140,976		$	2,041,407

Average tangible shareholders' equity	$	1,811,388		$	1,809,242		$	1,808,827		$	1,792,160		$	1,755,719		$	1,809,828		$	1,706,722
Impact of non-routine transactions (1)		(3	)		(3,431	)		—			—			—			(3,457	)		—
Average tangible shareholders' equity -
operating (Non-GAAP)	$	1,811,385		$	1,805,811		$	1,808,827		$	1,792,160		$	1,755,719		$	1,806,371		$	1,706,722

*FINANCIAL RATIOS - REPORTED (GAAP)*
Return on average equity		10.74	%		11.88	%		10.62	%		10.80	%		10.78	%		11.08	%		10.89	%
Return on average tangible equity		12.72	%		14.08	%		12.58	%		12.82	%		12.84	%		13.13	%		13.03	%
Return on average assets		1.21	%		1.33	%		1.20	%		1.23	%		1.21	%		1.25	%		1.21	%

*FINANCIAL RATIOS - OPERATING (NON-GAAP)*
Return on average equity		10.74	%		10.62	%	n/a			n/a			n/a				10.67	%	n/a
Return on average tangible equity		12.72	%		12.59	%	n/a			n/a			n/a				12.65	%	n/a
Return on average assets		1.21	%		1.19	%	n/a			n/a			n/a				1.20	%	n/a

n/a - not applicable. Operating financial ratios (Non-GAAP) are presented only for periods that include non-routine transactions.

(1)

The quarterly average equity impact of non-routine transactions equals one-half of the net after-tax effect for the quarter. The YTD impact is calculated by multiplying each quarter's average equity impact, including the carry forward effects from prior quarters, by the number of days in each quarter divided by the number of days YTD.

TRUSTMARK CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIALS September 30, 2026 ($ in thousands) (unaudited) Note 8 – Non-GAAP Financial Measures (continued) The following table presents Trustmark’s calculation of its efficiency ratio for the periods presented:

			*Quarter Ended*															*Nine Months Ended*
			*9/30/2026*			*6/30/2026*			*3/31/2026*			*12/31/2025*			*9/30/2025*			*9/30/2026*			*9/30/2025*
Total noninterest expense (GAAP)			$	134,436		$	133,683		$	132,159		$	132,172		$	130,933		$	400,278		$	380,058
Less:	Other real estate expense, net			110			(689	)		(183	)		(501	)		(1,932	)		(762	)		(2,543	)
	Amortization of intangibles			—			—			—			(32	)		(31	)		—			(94	)
	Charitable contributions resulting in
	state tax credits			(375	)		(375	)		(375	)		(333	)		(334	)		(1,125	)		(1,002	)
Adjusted noninterest expense (Non-GAAP)		(a)	$	134,171		$	132,619		$	131,601		$	131,306		$	128,636		$	398,391		$	376,419

Net interest income (GAAP)			$	167,647		$	165,630		$	160,559		$	162,886		$	162,441		$	493,836		$	473,252
Add:	FTE adjustment			2,921			2,930			2,975			2,940			2,777			8,826			8,113
Net interest income-FTE (Non-GAAP)		(b)	$	170,568		$	168,560		$	163,534		$	165,826		$	165,218		$	502,662		$	481,365

Noninterest income (GAAP)			$	39,500		$	42,571		$	42,345		$	41,235		$	39,931		$	124,416		$	122,405
Add:	Partnership amortization for tax
	credit purposes			2,196			2,171			2,193			2,380			2,385			6,560			6,646
	Securities (gains) losses, net			61,511			—			—			—			—			61,511			—
	Loss on sale of 1-4 family mortgage
	loans (incl in Other, net)			—			5,005			—			—			—			5,005			—
Less:	Gain on sale-leaseback, net			(61,518	)		—			—			—			—			(61,518	)		—
	Gain on sale of Visa A shares
	(incl in Other, net)			—			(3,269	)		—			—			—			(3,269	)		—
	Visa C shares fair value adjustment
	(incl in Other, net)			—			(1,659	)		—			—			—			(1,659	)		—
Adjusted noninterest income (Non-GAAP)		(c)	$	41,689		$	44,819		$	44,538		$	43,615		$	42,316		$	131,046		$	129,051

Adjusted revenue (Non-GAAP)		(b)+(c)	$	212,257		$	213,379		$	208,072		$	209,441		$	207,534		$	633,708		$	610,416

Efficiency ratio (Non-GAAP)		(a)/((b)+(c))		63.21	%		62.15	%		63.25	%		62.69	%		61.98	%		62.87	%		61.67	%

View source version on businesswire.com: https://www.businesswire.com/news/home/20261027496475/en/

Trustmark Investor Contacts:
Joseph E. Bond
Treasurer and Principal Financial Officer
601-208-7298

F. Joseph Rein, Jr.
Executive Vice President
601-208-6898

Trustmark Media Contact:
Melanie A. Morgan
Executive Vice President
601-208-2979

Source: Trustmark Corporation

Key Terms

triple net lease financial

A triple net lease is a rental agreement where the tenant pays the base rent plus three main ongoing costs: property taxes, building insurance, and routine maintenance. For investors, this shifts much of the expense and risk onto the tenant, creating a steadier, more predictable income stream for the property owner—similar to renting a furnished home where the renter also pays the bills—making valuation and cash-flow forecasting simpler.

held to maturity financial

A "held to maturity" classification applies to debt securities a company intends and is able to keep until they are fully repaid. Think of it like putting a bond in a locked safe until the issuer returns your money; the company does not mark the holding to daily market swings, so reported income and balance-sheet values are steadier. For investors, it signals predictable future interest receipts and reduced volatility in reported results, but also less liquidity if cash is needed before maturity.

available for sale financial

Available for sale describes investments, usually bonds or stocks, that a company intends to keep but may sell before they mature; they are reported at current market value on the balance sheet while any unrealized profit or loss is kept separate from regular earnings. For investors, this matters because changes in market value affect a company’s reported net worth and can become realized gains or losses when sold, similar to how the changing resale value of a collectible affects your net wealth even before you sell it.

net interest margin financial

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

Trustmark Corporation Announces Third Quarter 2026 Financial Results

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Trustmark Corporation Announces Third Quarter 2026 Financial Results

Key Terms

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More on TRMK

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