# EDGAR Filing Document

**Accession Number:** 0000036146
**File Stem:** 0001193125-26-024604
**Filing Date:** 2026-1
**Character Count:** 124862
**Document Hash:** ecc2fedb4a8e3294c40dc6edacda320b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-024604.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001193125-26-024604

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 38

**CONFORMED PERIOD OF REPORT**: 20260127

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRUSTMARK CORP
- **CENTRAL INDEX KEY:** 0000036146
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 640471500
- **STATE OF INCORPORATION:** MS
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-03683
- **FILM NUMBER:** 26566210

**BUSINESS ADDRESS:**
- **STREET 1:** 248 E CAPITOL ST
- **STREET 2:** P O BOX 291
- **CITY:** JACKSON
- **STATE:** MS
- **ZIP:** 39201
- **BUSINESS PHONE:** (601) 208-5111

**MAIL ADDRESS:**
- **STREET 1:** 248 EAST CAPITOL STREET
- **CITY:** JACKSON
- **STATE:** MS
- **ZIP:** 39201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST CAPITAL CORP
- **DATE OF NAME CHANGE:** 19900513

?xml version='1.0' encoding='ASCII'? 8-K

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM** 8-K

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

January 27, 2026

**Date of Report (Date of earliest event reported)**

![img36305804_0.jpg](img36305804_0.jpg)

TRUSTMARK CORP**ORATION**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Mississippi | &nbsp;&nbsp;000-03683 | &nbsp;&nbsp;64-0471500 |
| &nbsp;&nbsp;**(State or other jurisdiction**<br>**of incorporation)** | &nbsp;&nbsp;**(Commission**<br>**File Number)** | &nbsp;&nbsp;**(IRS Employer**<br>**Identification No.)** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;248 East Capitol Street**,** Jackson**,** Mississippi | &nbsp;&nbsp;39201 |
| &nbsp;&nbsp;**(Address of principal executive offices)** | &nbsp;&nbsp;**(Zip Code)** |
| &nbsp;&nbsp;**Registrant's telephone number, including area code:** | &nbsp;&nbsp;**(**601**)** 208-5111 |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered Pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Title of each class | &nbsp;&nbsp;&nbsp;Trading Symbol(s) | &nbsp;&nbsp;&nbsp;Name of each exchange on which registered |
| &nbsp;&nbsp;Common Stock, no par value | &nbsp;&nbsp;TRMK | &nbsp;&nbsp;Nasdaq **Global Select Market** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**<u>Item 2.02. Results of Operations and Financial Condition.</u>**

On January 27, 2026, Trustmark Corporation issued a press release announcing its financial results for the period ended December 31, 2025. A copy of this press release and the accompanying financial statements and slide presentation are attached hereto as Exhibits 99.1 and 99.2 to this report and incorporated herein by reference.

**<u>Item 9.01. Financial Statements and Exhibits.</u>**

(d) Exhibits

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Exhibit Number** | &nbsp;&nbsp;**Description of Exhibits** |
| &nbsp;&nbsp;99.1 | &nbsp;&nbsp;[<u>Press release announcing financial results for the period ended December 31, 2025</u>](trmk-ex99_1.htm) |
| &nbsp;&nbsp;99.2 | &nbsp;&nbsp;[<u>Investor slide presentation for the period ended December 31, 2025</u>](trmk-ex99_2.htm) |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

**TRUSTMARK CORPORATION**

---

| | |
|:---|:---|
| BY: | /s/ Thomas C. Owens  |
|  | Thomas C. Owens |
|  | Treasurer and Principal Financial Officer |
| DATE: | January 27, 2026 |

---

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## Exhibit 99.1

**Exhibit 99.1**

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| | |
|:---|:---|
| &nbsp;&nbsp;![img197556041_0.jpg](img197556041_0.jpg) | **News Release** |

---

**Trustmark Corporation Announces Fourth Quarter and Fiscal Year 2025 Financial Results**

***Performance Reflects Continued Loan and Deposit Growth,*** 

***Solid Credit Quality, Expanded Revenue, and Strong Profitability Metrics***

JACKSON, Miss. – January 27, 2026 – Trustmark Corporation (NASDAQGS:TRMK) reported net income of $57.9 million in the fourth quarter of 2025, representing diluted earnings per share of $0.97. For the full year, Trustmark's net income totaled $224.1 million, representing diluted earnings per share of $3.70. Trustmark's net income in 2025 produced a return on average tangible equity of 12.97% and a return on average assets of 1.21%.

Trustmark's Board of Directors announced a 4.2% increase in its regular quarterly dividend to $0.25 per share from $0.24 per share. The Board declared the dividend payable March 15, 2026, to shareholders of record on March 1, 2026. This action, which reflects Trustmark's profitability and financial strength, raises the indicated annual dividend rate to $1.00 per share from $0.96 per share.

**2025 Highlights**

• Net interest income (FTE) totaled $647.2 million, up 8.4% in 2025, to produce a net interest margin of 3.80%, up 29 basis points from the prior year

• Wealth management revenue totaled $40.1 million, up 7.7% in 2025

• Mortgage banking revenue totaled $33.1 million in 2025, up 24.2% from the prior year

• Total revenue reached a record level of $799.8 million in 2025

• Noninterest expense totaled $512.2 million in 2025, an increase of 5.5% from the prior year

• Loans held for investment (HFI) increased $584.3 million, or 4.5%, in 2025

• Net charge-offs represented 0.13% of average loans in 2025

• Deposits increased $391.6 million, or 2.6%, in 2025

• Capital ratios remained strong during 2025

• Repurchased 2.2 million shares of common stock, or 3.5% of shares outstanding at December 31, 2024

• Returned approximately 61.8% of net income in 2025 to shareholders through dividends and share repurchase activity

• Continued technology and infrastructure investments to enhance efficiency and productivity

Duane A. Dewey, President and CEO, commented, "Trustmark achieved record earnings in 2025, reflecting significant achievement across our diverse financial services businesses. Our traditional banking business drove continued loan and deposit growth, a strong net interest margin and solid credit quality. Mortgage banking achieved increased production and significant improvement in profitability while revenue in our wealth management business reached an all-time high.

"We have a tremendous team of associates focused on expanding customer relationships and demonstrating the value Trustmark can provide as their trusted financial partner. Looking forward, we will continue to build upon this momentum and pursue opportunities to leverage investments in technology that will broaden our reach, enhance customer experience, and improve efficiency. Trustmark is well-positioned to meet the needs of our customers and build long-term value for our shareholders."

**Balance Sheet Management**

• Loans HFI totaled $13.7 billion at December 31, 2025, up 0.9% from the prior quarter and 4.5% year- over-year

• Deposits totaled $15.5 billion at December 31, 2025, down 0.8% from the previous quarter and up 2.6% year-over-year

• Maintained strong capital position with CET1 ratio of 11.72% and total risk-based capital ratio of 14.41%

• Enhanced capital base with issuance of $175.0 million of subordinated debt; proceeds used to repay $125.0 million of existing subordinated debt and for general corporate purposes

• Repurchased $80.0 million, or approximately 2.2 million shares, of common stock during the year, including $43.0 million, or 1.1 million shares, in the fourth quarter of 2025

Loans HFI totaled $13.7 billion at December 31, 2025, reflecting an increase of $126.1 million, or 0.9%, linked-quarter and an increase of $584.3 million, or 4.5%, year-over-year. Trustmark's loan portfolio remains well-diversified by loan type and geography.

------

Deposits totaled $15.5 billion at December 31, 2025, down $131.2 million, or 0.8%, from the prior quarter driven in part by a decrease in public fund deposits of $219.1 million. Year-over-year, deposits increased $391.6 million, or 2.6%, driven by growth in commercial and personal balances of $567.8 million, or 4.4%. Trustmark continues to maintain a strong liquidity position as loans HFI represented 88.2% of total deposits at year-end 2025. Noninterest-bearing deposits represented 19.6% of total deposits at December 31, 2025. Interest-bearing deposit costs totaled 2.16% for the fourth quarter, a decrease of 16 basis points linked-quarter, while the cost of total deposits was 1.72%, a decrease of 12 basis points from the prior quarter.

Trustmark's capital position remained strong, reflecting the strength and diversity of its financial services businesses. During the fourth quarter of 2025, Trustmark Corporation issued $175.0 million of 6.00% fixed-to-floating rate subordinated notes due in 2035, the proceeds of which were used to repay $125.0 million of existing subordinated debt and for general corporate purposes, further strengthening its regulatory capital position. At December 31, 2025, Trustmark's tangible equity to tangible assets ratio was 9.61%, while the total risk-based capital ratio was 14.41%.

During the fourth quarter, Trustmark repurchased $43.0 million, or approximately 1.1 million of its common shares. During the twelve months ended December 31, 2025, Trustmark repurchased $80.0 million, or approximately 2.2 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. Tangible book value per share was $30.28 at December 31, 2025, an increase of 2.3% from the prior quarter and 13.5% from the prior year.

**Credit Quality**

• Net charge-offs (NCOs) totaled $7.6 million in the fourth quarter, including one charge-off on an individually analyzed loan totaling $5.9 million, which was reserved for in prior periods; NCOs represented 0.22% of average loans in the fourth quarter and 0.13% of average loans for the year

• Total provision for credit losses totaled $1.2 million in the fourth quarter

• Allowance for credit losses (ACL) represented 1.15% of loans HFI and 209.18% of nonaccrual loans, excluding individually analyzed loans at year-end

Nonaccrual loans totaled $84.4 million at December 31, 2025, an increase of $436 thousand from the prior quarter and $4.3 million year-over-year. Other real estate totaled $7.0 million, reflecting a decrease of $1.4 million from the prior quarter and an increase of $1.0 million from the prior year. Collectively, nonperforming assets totaled $91.3 million, representing 0.65% of loans HFI and held for sale at December 31, 2025.

The total provision for credit losses (loans HFI and off-balance sheet credit exposures) was $1.2 million in the fourth quarter compared to $1.7 million in the third quarter and $7.5 million in the fourth quarter of 2024. The provision for credit losses for loans HFI was a negative $550 thousand in the fourth quarter and was primarily attributable to positive credit migration partially offset by loan growth and changes in the macroeconomic forecast. The provision for credit losses for off-balance sheet credit exposures was $1.8 million in the fourth quarter, primarily driven by changes in the macroeconomic forecast and an increase in unfunded commitments partially offset by positive credit migration.

Allocation of Trustmark's $157.1 million ACL on loans HFI represented 0.91% of commercial loans and 1.94% of consumer and home mortgage loans, resulting in an ACL to total loans HFI of 1.15% at December 31, 2025. Management believes the level of the ACL is commensurate with the credit losses currently expected in the loan portfolio.

**Revenue Generation**

• Revenue totaled $204.1 million, up 0.9% linked-quarter

• Net interest income (FTE) totaled $165.8 million in the fourth quarter, up 0.4% linked-quarter

• Net interest margin totaled 3.81% in the fourth quarter, down 2 basis points from the prior quarter

• Noninterest income totaled $41.2 million, up 3.3% from the prior quarter, representing 20.2% of total revenue in the fourth quarter

Revenue in the fourth quarter totaled $204.1 million, an increase of $1.7 million, or 0.9%, from the prior quarter, reflecting growth in net interest income and noninterest income. In 2025, total revenue was $799.8 million, an increase of $238.8 million, or 42.6%, compared to revenue from continuing operations in 2024 and $59.2 million, or 8.0%, relative to revenue from adjusted continuing operations<sup>(1)</sup> in the prior year.

------

Net interest income (FTE) in the fourth quarter totaled $165.8 million, resulting in a net interest margin of 3.81%, down 2 basis points from the prior quarter reflecting the accelerated amortization of capitalized costs related to the 2020 subordinated debt issue refinanced during the quarter. Noninterest income in the fourth quarter totaled $41.2 million, an increase of $1.3 million, or 3.3%, from the prior quarter. The linked-quarter change reflected growth in wealth management, bank card and other fees, and other, net, offset in part by declines in mortgage banking and service charges on deposit accounts revenue.

Wealth management revenue totaled $11.1 million in the fourth quarter, up 13.6% from the prior quarter and 19.5% from the prior year. The linked-quarter change is attributable to increased trust and investment management and brokerage revenue. In 2025, wealth management revenue totaled $40.1 million, up $2.9 million, or 7.7%, from the prior year, reflecting expanded brokerage and trust and investment management revenue.

Mortgage loan production in the fourth quarter totaled $393.3 million, an increase of 1.0% linked-quarter and 5.7% year-over-year. Mortgage banking revenue totaled $7.5 million in the fourth quarter, a decrease of $655 thousand from the prior quarter and an increase of $139 thousand year-over-year. The linked-quarter decrease is primarily attributable to mortgage servicing asset valuation. In 2025, mortgage loan production totaled $1.5 billion, an increase of 7.8% from the prior year. Mortgage banking revenue totaled $33.1 million in 2025, up $6.5 million, or 24.2% from the prior year.

Service charges on deposit accounts totaled $11.2 million in the fourth quarter, relatively unchanged from the prior quarter and year-over-year. In 2025, service charges on deposit accounts totaled $43.7 million, down $726 thousand, or 1.6%, from the prior year. Bank card and other fees totaled $8.6 million in the fourth quarter, an increase of $328 thousand, or 3.9%, from the prior quarter and a decrease of $71 thousand, or 0.8%, year-over-year. The linked-quarter change is principally due to increased customer derivative revenue. In 2025, bank card and other fees totaled $33.4 million and were relatively unchanged from the prior year.

**Noninterest Expense**

• Noninterest expense increased $1.2 million, or 0.9%, linked-quarter

• Salaries and employee benefits expense increased $3.6 million, or 5.0%, linked-quarter

• Services and fees decreased $1.4 million, or 4.9%, linked-quarter

• Other expense decreased $1.5 million, or 8.8%, linked-quarter

Noninterest expense totaled $132.2 million in the fourth quarter, an increase of $1.2 million, or 0.9%, from the prior quarter and $7.7 million, or 6.2%, year-over-year. Salaries and employee benefits expense in the fourth quarter totaled $75.1 million, an increase of $3.6 million, or 5.0%, from the prior quarter and $5.9 million, or 8.5%, year-over-year. The linked-quarter increase was driven principally by year-end incentives and brokerage commissions. Services and fees in the fourth quarter totaled $27.4 million, down $1.4 million, or 4.9%, from the prior quarter reflecting lower business process outsourcing costs and professional fees. Year-over-year, services and fees increased $677 thousand, or 2.5%. Other expense decreased $1.5 million, or 8.8%, linked-quarter to $15.0 million principally due to reduced other real estate expense, net. Year-over-year, other expense decreased $101 thousand, or 0.7%.

<sup>(1)</sup> Please refer to Consolidated Financial Information, Note 1 – Significant Non-Routine Transactions and Note 8 – Non-GAAP Financial Measures.

**Additional Information**

As previously announced, Trustmark will conduct a conference call with analysts on Wednesday, January 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, February 11, 2026, in archived format at the same web address or by calling (877) 344-7529, passcode 6669479.

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

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**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 Investor Contacts:** | **Trustmark Media Contact:** |
| Thomas C. Owens | Melanie A. Morgan |
| Treasurer and | Executive Vice President |
| Principal Financial Officer | 601-208-2979 |
| 601-208-7853 |  |

---

F. Joseph Rein, Jr.

Executive Vice President

601-208-6898

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| | |
|:---|:---|
| ![img197556041_1.jpg](img197556041_1.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***CONSOLIDATED FINANCIAL INFORMATION*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***December 31, 2025*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***($ in thousands)*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***(unaudited)*** |

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | ***Linked Quarter*** | ***Linked Quarter*** | ***Linked Quarter*** | ***Year over Year*** | ***Year over Year*** | ***Year over Year*** |
| ***<u>QUARTERLY AVERAGE BALANCES</u>*** | ***12/31/2025*** | ***12/31/2025*** | ***9/30/2025*** | ***9/30/2025*** | ***12/31/2024*** | ***12/31/2024*** | ***$ Change*** | ***$ Change*** | ***% Change*** | ***$ Change*** | ***$ Change*** | ***% Change*** |
| Securities AFS-taxable | $| 1815943 | $| 1740647 | $| 1708226 | $| 75296 | 4.3% | $| 107717 | 6.3% |
| Securities HTM-taxable |  | 1236827 |  | 1279020 |  | 1346141 |  | (42193) | -3.3% |  | (109314) | -8.1% |
| Securities HTM-nontaxable |  |  |  |  |  |  |  |  | n/m |  |  | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total securities*** |  | 3052770 |  | 3019667 |  | 3054367 |  | 33103 | 1.1% |  | (1597) | -0.1% |
| Loans (includes loans held for sale) |  | 13861953 |  | 13702038 |  | 13275762 |  | 159915 | 1.2% |  | 586191 | 4.4% |
| Other earning assets |  | 369748 |  | 389021 |  | 422083 |  | (19273) | -5.0% |  | (52335) | -12.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total earning assets*** |  | 17284471 |  | 17110726 |  | 16752212 |  | 173745 | 1.0% |  | 532259 | 3.2% |
| Allowance for credit losses (ACL), loans held <br> for investment (LHFI) |  | (161147) |  | (167775) |  | (157659) |  | 6628 | 4.0% |  | (3488) | -2.2% |
| Other assets |  | 1609123 |  | 1627362 |  | 1627890 |  | (18239) | -1.1% |  | (18767) | -1.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total assets*** | $ | 18732447 | $ | 18570313 | $ | 18222443 | $ | 162134 | 0.9% | $ | 510004 | 2.8% |
| Interest-bearing demand deposits *(1)* | $| 8000614 | $| 7747480 | $| 7789318 | $| 253134 | 3.3% | $| 211296 | 2.7% |
| Savings deposits *(1)* |  | 963759 |  | 976664 |  | 983292 |  | (12905) | -1.3% |  | (19533) | -2.0% |
| Time deposits |  | 3447188 |  | 3439180 |  | 3265358 |  | 8008 | 0.2% |  | 181830 | 5.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total interest-bearing deposits*** |  | 12411561 |  | 12163324 |  | 12037968 |  | 248237 | 2.0% |  | 373593 | 3.1% |
| Fed funds purchased and repurchases |  | 402772 |  | 419802 |  | 357798 |  | (17030) | -4.1% |  | 44974 | 12.6% |
| Other borrowings |  | 178487 |  | 283629 |  | 218244 |  | (105142) | -37.1% |  | (39757) | -18.2% |
| Subordinated notes |  | 160786 |  | 123831 |  | 123666 |  | 36955 | 29.8% |  | 37120 | 30.0% |
| Junior subordinated debt securities |  | 61856 |  | 61856 |  | 61856 |  |  | 0.0% |  |  | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total interest-bearing liabilities*** |  | 13215462 |  | 13052442 |  | 12799532 |  | 163020 | 1.2% |  | 415930 | 3.2% |
| Noninterest-bearing deposits |  | 3185575 |  | 3194587 |  | 3192358 |  | (9012) | -0.3% |  | (6783) | -0.2% |
| Other liabilities |  | 204636 |  | 232911 |  | 257990 |  | (28275) | -12.1% |  | (53354) | -20.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total liabilities*** |  | 16605673 |  | 16479940 |  | 16249880 |  | 125733 | 0.8% |  | 355793 | 2.2% |
| Shareholders' equity |  | 2126774 |  | 2090373 |  | 1972563 |  | 36401 | 1.7% |  | 154211 | 7.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total liabilities and equity*** | $ | 18732447 | $ | 18570313 | $ | 18222443 | $ | 162134 | 0.9% | $ | 510004 | 2.8% |
| *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* |  |
| *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* |  |

---

***See Notes to Consolidated Financials***

------

---

| | |
|:---|:---|
| ![img197556041_2.jpg](img197556041_2.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_2.jpg](img197556041_2.jpg) | ***CONSOLIDATED FINANCIAL INFORMATION*** |
| ![img197556041_2.jpg](img197556041_2.jpg) | ***December 31, 2025*** |
| ![img197556041_2.jpg](img197556041_2.jpg) | ***($ in thousands)*** |
| ![img197556041_2.jpg](img197556041_2.jpg) | ***(unaudited)*** |

---

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | ***Linked Quarter*** | ***Linked Quarter*** | ***Linked Quarter*** | ***Year over Year*** | ***Year over Year*** | ***Year over Year*** |
| ***<u>PERIOD END BALANCES</u>*** | ***12/31/2025*** | ***12/31/2025*** | ***9/30/2025*** | ***9/30/2025*** | ***12/31/2024*** | ***12/31/2024*** | ***$ Change*** | ***$ Change*** | ***% Change*** | ***$ Change*** | ***$ Change*** | ***% Change*** |
| Cash and due from banks | $| 668007 | $| 732826 | $| 567251 | $| (64819) | -8.8% | $| 100756 | 17.8% |
| Securities available for sale |  | 1876830 |  | 1814245 |  | 1692534 |  | 62585 | 3.4% |  | 184296 | 10.9% |
| Securities held to maturity |  | 1207454 |  | 1268459 |  | 1335385 |  | (61005) | -4.8% |  | (127931) | -9.6% |
| Loans held for sale (LHFS) |  | 278789 |  | 228141 |  | 200307 |  | 50648 | 22.2% |  | 78482 | 39.2% |
| Loans held for investment (LHFI) |  | 13674233 |  | 13548156 |  | 13089942 |  | 126077 | 0.9% |  | 584291 | 4.5% |
| ACL LHFI |  | (157071) |  | (165242) |  | (160270) |  | 8171 | 4.9% |  | 3199 | 2.0% |
| &nbsp;&nbsp;&nbsp;Net LHFI |  | 13517162 |  | 13382914 |  | 12929672 |  | 134248 | 1.0% |  | 587490 | 4.5% |
| Premises and equipment, net |  | 225658 |  | 227805 |  | 235410 |  | (2147) | -0.9% |  | (9752) | -4.1% |
| Mortgage servicing rights |  | 131289 |  | 131676 |  | 139317 |  | (387) | -0.3% |  | (8028) | -5.8% |
| Goodwill |  | 334605 |  | 334605 |  | 334605 |  |  | 0.0% |  |  | 0.0% |
| Other real estate |  | 6957 |  | 8325 |  | 5917 |  | (1368) | -16.4% |  | 1040 | 17.6% |
| Operating lease right-of-use assets |  | 32152 |  | 33012 |  | 34668 |  | (860) | -2.6% |  | (2516) | -7.3% |
| Other assets *(1)* |  | 646308 |  | 639502 |  | 677356 |  | 6806 | 1.1% |  | (31048) | -4.6% |
| &nbsp;&nbsp;&nbsp;***Total assets*** | $ | 18925211 | $ | 18801510 | $ | 18152422 | $ | 123701 | 0.7% | $ | 772789 | 4.3% |
| Deposits: |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing | $| 3036504 | $| 3321132 | $| 3073565 | $| (284628) | -8.6% | $| (37061) | -1.2% |
| &nbsp;&nbsp;&nbsp;Interest-bearing |  | 12463280 |  | 12309842 |  | 12034610 |  | 153438 | 1.2% |  | 428670 | 3.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total deposits*** |  | 15499784 |  | 15630974 |  | 15108175 |  | (131190) | -0.8% |  | 391609 | 2.6% |
| Fed funds purchased and repurchases |  | 445000 |  | 420000 |  | 324008 |  | 25000 | 6.0% |  | 120992 | 37.3% |
| Other borrowings |  | 364762 |  | 208366 |  | 301541 |  | 156396 | 75.1% |  | 63221 | 21.0% |
| Subordinated notes |  | 171966 |  | 123867 |  | 123702 |  | 48099 | 38.8% |  | 48264 | 39.0% |
| Junior subordinated debt securities |  | 61856 |  | 61856 |  | 61856 |  |  | 0.0% |  |  | 0.0% |
| ACL on off-balance sheet credit exposures |  | 27951 |  | 26186 |  | 29392 |  | 1765 | 6.7% |  | (1441) | -4.9% |
| Operating lease liabilities |  | 36250 |  | 37100 |  | 38698 |  | (850) | -2.3% |  | (2448) | -6.3% |
| Other liabilities |  | 195965 |  | 178893 |  | 202723 |  | 17072 | 9.5% |  | (6758) | -3.3% |
| &nbsp;&nbsp;&nbsp;***Total liabilities*** |  | 16803534 |  | 16687242 |  | 16190095 |  | 116292 | 0.7% |  | 613439 | 3.8% |
| Common stock |  | 12296 |  | 12528 |  | 12711 |  | (232) | -1.9% |  | (415) | -3.3% |
| Capital surplus |  | 81951 |  | 123435 |  | 157899 |  | (41484) | -33.6% |  | (75948) | -48.1% |
| Retained earnings |  | 2041055 |  | 1997685 |  | 1875376 |  | 43370 | 2.2% |  | 165679 | 8.8% |
| Accumulated other comprehensive <br> income (loss), net of tax |  | (13625) |  | (19380) |  | (83659) |  | 5755 | 29.7% |  | 70034 | 83.7% |
| &nbsp;&nbsp;&nbsp;***Total shareholders' equity*** |  | 2121677 |  | 2114268 |  | 1962327 |  | 7409 | 0.4% |  | 159350 | 8.1% |
| &nbsp;&nbsp;&nbsp;***Total liabilities and equity*** | $ | 18925211 | $ | 18801510 | $ | 18152422 | $ | 123701 | 0.7% | $ | 772789 | 4.3% |
| *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* |
| *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* |  |

---

***See Notes to Consolidated Financials***

------

---

| | |
|:---|:---|
| ![img197556041_1.jpg](img197556041_1.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***CONSOLIDATED FINANCIAL INFORMATION*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***December 31, 2025*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***($ in thousands except per share data)*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***(unaudited)*** |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Linked Quarter*** | ***Linked Quarter*** | ***Linked Quarter*** | ***Year over Year*** | ***Year over Year*** |
| ***<u>INCOME STATEMENTS</u>*** | ***12/31/2025*** | ***12/31/2025*** | ***9/30/2025*** | ***9/30/2025*** | ***12/31/2024*** | ***12/31/2024*** | ***$ Change*** | ***$ Change*** | ***% Change*** | ***$ Change*** | ***% Change*** |
| Interest and fees on LHFS & LHFI-FTE | $| 211716 | $| 214636 | $| 211019 | $| (2920) | -1.4% | $697 | 0.3% |
| Interest on securities-taxable |  | 26587 |  | 26625 |  | 26196 |  | (38) | -0.1% | 391 | 1.5% |
| Interest on securities-tax exempt-FTE |  |  |  |  |  |  |  |  | n/m |  | n/m |
| Other interest income |  | 3967 |  | 4233 |  | 5128 |  | (266) | -6.3% | (1161) | -22.6% |
| &nbsp;&nbsp;&nbsp;***Total interest income-FTE*** |  | 242270 |  | 245494 |  | 242343 |  | (3224) | -1.3% | (73) | 0.0% |
| Interest on deposits |  | 67696 |  | 71065 |  | 75941 |  | (3369) | -4.7% | (8245) | -10.9% |
| Interest on fed funds purchased and repurchases |  | 4089 |  | 4626 |  | 4036 |  | (537) | -11.6% | 53 | 1.3% |
| Other interest expense |  | 4659 |  | 4585 |  | 3922 |  | 74 | 1.6% | 737 | 18.8% |
| &nbsp;&nbsp;&nbsp;***Total interest expense*** |  | 76444 |  | 80276 |  | 83899 |  | (3832) | -4.8% | (7455) | -8.9% |
| &nbsp;&nbsp;&nbsp;***Net interest income-FTE*** |  | 165826 |  | 165218 |  | 158444 |  | 608 | 0.4% | 7382 | 4.7% |
| Provision for credit losses (PCL), LHFI |  | (550) |  | 1390 |  | 6960 |  | (1940) | n/m | (7510) | n/m |
| PCL, off-balance sheet credit exposures |  | 1765 |  | 295 |  | 502 |  | 1470 | n/m | 1263 | n/m |
| PCL, LHFI sale of 1-4 family mortgage loans |  |  |  |  |  |  |  |  | n/m |  | n/m |
| &nbsp;&nbsp;&nbsp;***Net interest income after provision-FTE*** |  | 164611 |  | 163533 |  | 150982 |  | 1078 | 0.7% | 13629 | 9.0% |
| Service charges on deposit accounts |  | 11184 |  | 11251 |  | 11228 |  | (67) | -0.6% | (44) | -0.4% |
| Bank card and other fees |  | 8646 |  | 8318 |  | 8717 |  | 328 | 3.9% | (71) | -0.8% |
| Mortgage banking, net |  | 7527 |  | 8182 |  | 7388 |  | (655) | -8.0% | 139 | 1.9% |
| Wealth management |  | 11133 |  | 9798 |  | 9319 |  | 1335 | 13.6% | 1814 | 19.5% |
| Other, net |  | 2745 |  | 2382 |  | 4298 |  | 363 | 15.2% | (1553) | -36.1% |
| Securities gains (losses), net |  |  |  |  |  |  |  |  | n/m |  | n/m |
| &nbsp;&nbsp;&nbsp;***Total noninterest income (loss)*** |  | 41235 |  | 39931 |  | 40950 |  | 1304 | 3.3% | 285 | 0.7% |
| Salaries and employee benefits |  | 75079 |  | 71508 |  | 69223 |  | 3571 | 5.0% | 5856 | 8.5% |
| Services and fees |  | 27369 |  | 28777 |  | 26692 |  | (1408) | -4.9% | 677 | 2.5% |
| Net occupancy-premises |  | 7835 |  | 7774 |  | 7195 |  | 61 | 0.8% | 640 | 8.9% |
| Equipment expense |  | 6878 |  | 6410 |  | 6208 |  | 468 | 7.3% | 670 | 10.8% |
| Other expense |  | 15011 |  | 16464 |  | 15112 |  | (1453) | -8.8% | (101) | -0.7% |
| &nbsp;&nbsp;&nbsp;***Total noninterest expense*** |  | 132172 |  | 130933 |  | 124430 |  | 1239 | 0.9% | 7742 | 6.2% |
| ***Income (loss) from continuing operations <br> (cont. ops) before income taxes and tax eq adj*** |  | 73674 |  | 72531 |  | 67502 |  | 1143 | 1.6% | 6172 | 9.1% |
| Tax equivalent adjustment |  | 2940 |  | 2777 |  | 2596 |  | 163 | 5.9% | 344 | 13.3% |
| ***Income (loss) from cont. ops before income taxes*** |  | 70734 |  | 69754 |  | 64906 |  | 980 | 1.4% | 5828 | 9.0% |
| Income taxes from cont. ops |  | 12860 |  | 12967 |  | 8594 |  | (107) | -0.8% | 4266 | 49.6% |
| ***Income (loss) from cont. ops*** |  | 57874 |  | 56787 |  | 56312 |  | 1087 | 1.9% | 1562 | 2.8% |
| ***Income from discontinued operations <br> (discont. ops) before income taxes*** |  |  |  |  |  |  |  |  | n/m |  | n/m |
| Income taxes from discont. ops |  |  |  |  |  |  |  |  | n/m |  | n/m |
| ***Income from discont. ops*** |  |  |  |  |  |  |  |  | n/m |  | n/m |
| ***Net income*** | $ | 57874 | $ | 56787 | $ | 56312 | $ | 1087 | 1.9% | $1562 | 2.8% |
| ***Per share data*** *(1)* |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;***Basic earnings (loss) per share from cont. ops*** | $| 0.97 | $| 0.94 | $| 0.92 | $| 0.03 | 3.2% | $0.05 | 5.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Basic earnings per share from discont. ops*** | $|  | $|  | $|  | $|  | n/m | $— | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;***Basic earnings per share - total*** | $| 0.97 | $| 0.94 | $| 0.92 | $| 0.03 | 3.2% | $0.05 | 5.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Diluted earnings (loss) per share from cont. ops*** | $| 0.97 | $| 0.94 | $| 0.92 | $| 0.03 | 3.2% | $0.05 | 5.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Diluted earnings per share from discont. ops*** | $|  | $|  | $|  | $|  | n/m | $— | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;***Diluted earnings per share - total*** | $| 0.97 | $| 0.94 | $| 0.92 | $| 0.03 | 3.2% | $0.05 | 5.4% |
| ***&nbsp;&nbsp;&nbsp;&nbsp; Dividends per share*** | $| 0.24 | $| 0.24 | $| 0.23 | $|  | 0.0% | $0.01 | 4.3% |
| ***Weighted average shares outstanding*** |  |  |  |  |  |  |  |  |  |  |  |
| ***&nbsp;&nbsp;&nbsp;&nbsp; Basic*** |  | 59691343 |  | 60299193 |  | 61101954 |  |  |  |  |  |
| ***&nbsp;&nbsp;&nbsp;&nbsp; Diluted*** |  | 59950488 |  | 60540158 |  | 61367825 |  |  |  |  |  |
| ***Period end shares outstanding*** |  | 59012423 |  | 60126376 |  | 61008023 |  |  |  |  |  |
| *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* |
| *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* |  |  |  |

---

***See Notes to Consolidated Financials***

------

---

| | |
|:---|:---|
| ![img197556041_3.jpg](img197556041_3.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***CONSOLIDATED FINANCIAL INFORMATION*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***December 31, 2025*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***($ in thousands)*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***(unaudited)*** |

---

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Linked Quarter*** | ***Linked Quarter*** | ***Linked Quarter*** | ***Year over Year*** | ***Year over Year*** | ***Year over Year*** |
| ***<u>NONPERFORMING ASSETS</u>*** | ***12/31/2025*** | ***12/31/2025*** | ***9/30/2025*** | ***9/30/2025*** | ***12/31/2024*** | ***12/31/2024*** | ***$ Change*** | ***$ Change*** | ***% Change*** | ***$ Change*** | ***$ Change*** | ***% Change*** |
| Nonaccrual LHFI |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Alabama | $| 4638 | $| 3475 | $| 18601 | $| 1163 | 33.5% | $| (13963) | -75.1% |
| &nbsp;&nbsp;&nbsp;Florida |  | 442 |  | 460 |  | 305 |  | (18) | -3.9% |  | 137 | 44.9% |
| &nbsp;&nbsp;&nbsp;Mississippi *(1)* |  | 73045 |  | 62502 |  | 42203 |  | 10543 | 16.9% |  | 30842 | 73.1% |
| &nbsp;&nbsp;&nbsp;Tennessee *(2)* |  | 2396 |  | 2293 |  | 2431 |  | 103 | 4.5% |  | (35) | -1.4% |
| &nbsp;&nbsp;&nbsp;Texas |  | 3870 |  | 15225 |  | 16569 |  | (11355) | -74.6% |  | (12699) | -76.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total nonaccrual LHFI*** |  | 84391 |  | 83955 |  | 80109 |  | 436 | 0.5% |  | 4282 | 5.3% |
| Other real estate |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Alabama |  | 409 |  | 656 |  | 170 |  | (247) | -37.7% |  | 239 | n/m |
| &nbsp;&nbsp;&nbsp;Mississippi *(1)* |  | 5621 |  | 5843 |  | 2407 |  | (222) | -3.8% |  | 3214 | n/m |
| &nbsp;&nbsp;&nbsp;Tennessee *(2)* |  | 927 |  | 927 |  | 1079 |  |  | 0.0% |  | (152) | -14.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas |  |  |  | 899 |  | 2261 |  | (899) | -100.0% |  | (2261) | -100.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total other real estate*** |  | 6957 |  | 8325 |  | 5917 |  | (1368) | -16.4% |  | 1040 | 17.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total nonperforming assets*** | $ | 91348 | $ | 92280 | $ | 86026 | $ | (932) | -1.0% | $ | 5322 | 6.2% |
| ***<u>LOANS PAST DUE OVER 90 DAYS</u>*** |  |  |  |  |  |  |  |  |  |  |  |  |
| LHFI | $ | 5097 | $ | 4853 | $ | 4092 | $ | 244 | 5.0% | $ | 1005 | 24.6% |
| LHFS-Guaranteed GNMA serviced loans |  |  |  |  |  |  |  |  |  |  |  |  |
| *(no obligation to repurchase)* | $ | 98939 | $ | 77859 | $ | 71255 | $ | 21080 | 27.1% | $ | 27684 | 38.9% |
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Linked Quarter*** | ***Linked Quarter*** | ***Linked Quarter*** | ***Year over Year*** | ***Year over Year*** | ***Year over Year*** |
| ***<u>ACL LHFI</u>*** | ***12/31/2025*** | ***12/31/2025*** | ***9/30/2025*** | ***9/30/2025*** | ***12/31/2024*** | ***12/31/2024*** | ***$ Change*** | ***$ Change*** | ***% Change*** | ***$ Change*** | ***$ Change*** | ***% Change*** |
| Beginning Balance | $| 165242 | $| 168237 | $| 157929 | $| (2995) | -1.8% | $| 7313 | 4.6% |
| PCL, LHFI |  | (550) |  | 1390 |  | 6960 |  | (1940) | n/m |  | (7510) | n/m |
| PCL, LHFI sale of 1-4 family mortgage loans |  |  |  |  |  |  |  |  | n/m |  |  | n/m |
| Charge-offs, sale of 1-4 family mortgage loans |  |  |  |  |  |  |  |  | n/m |  |  | n/m |
| Charge-offs |  | (9892) |  | (6775) |  | (7730) |  | (3117) | -46.0% |  | (2162) | -28.0% |
| Recoveries |  | 2271 |  | 2390 |  | 3111 |  | (119) | -5.0% |  | (840) | -27.0% |
| &nbsp;&nbsp;&nbsp;Net (charge-offs) recoveries |  | (7621) |  | (4385) |  | (4619) |  | (3236) | -73.8% |  | (3002) | -65.0% |
| Ending Balance | $ | 157071 | $ | 165242 | $ | 160270 | $ | (8171) | -4.9% | $ | (3199) | -2.0% |
| ***<u>NET (CHARGE-OFFS) RECOVERIES</u>*** |  |  |  |  |  |  |  |  |  |  |  |  |
| Alabama | $| (426) | $| (3069) | $| (3608) | $| 2643 | 86.1% | $| 3182 | 88.2% |
| Florida |  | 204 |  | 2 |  | 8 |  | 202 | n/m |  | 196 | n/m |
| Mississippi *(1)* |  | (1468) |  | (1520) |  | (1319) |  | 52 | 3.4% |  | (149) | -11.3% |
| Tennessee *(2)* |  | (82) |  | (182) |  | (208) |  | 100 | 54.9% |  | 126 | 60.6% |
| Texas |  | (5849) |  | 384 |  | 508 |  | (6233) | n/m |  | (6357) | n/m |
| ***&nbsp;&nbsp;&nbsp;&nbsp; Total net (charge-offs) recoveries*** | $ | (7621) | $ | (4385) | $ | (4619) | $ | (3236) | -73.8% | $ | (3002) | -65.0% |
| *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* |  |
| *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* |  |
| *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* | *n/m - percentage changes greater than +/- 100% are considered not meaningful* |  |

---

***See Notes to Consolidated Financials***

------

---

| | |
|:---|:---|
| ![img197556041_3.jpg](img197556041_3.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***CONSOLIDATED FINANCIAL INFORMATION*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***December 31, 2025*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***($ in thousands)*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***(unaudited)*** |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
| ***<u>AVERAGE BALANCES</u>*** | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Securities AFS-taxable | $1815943 | $1740647 | $1745924 | $1726291 | $1708226 | $1757402 | $1789685 |
| Securities HTM-taxable | 1236827 | 1279020 | 1303195 | 1325185 | 1346141 | 1285795 | 1388531 |
| Securities HTM-nontaxable |  |  |  |  |  |  | 112 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total securities*** | 3052770 | 3019667 | 3049119 | 3051476 | 3054367 | 3043197 | 3178328 |
| Loans (includes loans held for sale) | 13861953 | 13702038 | 13543505 | 13320276 | 13275762 | 13608688 | 13283829 |
| Other earning assets | 369748 | 389021 | 414733 | 365505 | 422083 | 384775 | 548336 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total earning assets*** | 17284471 | 17110726 | 17007357 | 16737257 | 16752212 | 17036660 | 17010493 |
| ACL LHFI | (161147) | (167775) | (166430) | (159893) | (157659) | (163826) | (148564) |
| Other assets | 1609123 | 1627362 | 1605786 | 1624581 | 1627890 | 1616700 | 1685971 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total assets*** | $18732447 | $18570313 | $18446713 | $18201945 | $18222443 | $18489534 | $18547900 |
| Interest-bearing demand deposits *(1)* | $8000614 | $7747480 | $7682684 | $7789239 | $7789318 | $7805426 | $7838499 |
| Savings deposits *(1)* | 963759 | 976664 | 989689 | 993232 | 983292 | 980744 | 1016373 |
| Time deposits | 3447188 | 3439180 | 3313420 | 3160134 | 3265358 | 3341039 | 3331543 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total interest-bearing deposits*** | 12411561 | 12163324 | 11985793 | 11942605 | 12037968 | 12127209 | 12186415 |
| Fed funds purchased and repurchases | 402772 | 419802 | 416104 | 405189 | 357798 | 410984 | 398884 |
| Other borrowings | 178487 | 283629 | 431861 | 344040 | 218244 | 308980 | 388266 |
| Subordinated notes | 160786 | 123831 | 123779 | 123721 | 123666 | 133106 | 123584 |
| Junior subordinated debt securities | 61856 | 61856 | 61856 | 61856 | 61856 | 61856 | 61856 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total interest-bearing liabilities*** | 13215462 | 13052442 | 13019393 | 12877411 | 12799532 | 13042135 | 13159005 |
| Noninterest-bearing deposits | 3185575 | 3194587 | 3171796 | 3055333 | 3192358 | 3152297 | 3179641 |
| Other liabilities | 204636 | 232911 | 214315 | 277647 | 257990 | 232178 | 383627 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total liabilities*** | 16605673 | 16479940 | 16405504 | 16210391 | 16249880 | 16426610 | 16722273 |
| Shareholders' equity | 2126774 | 2090373 | 2041209 | 1991554 | 1972563 | 2062924 | 1825627 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total liabilities and equity*** | $18732447 | $18570313 | $18446713 | $18201945 | $18222443 | $18489534 | $18547900 |
| *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* | *(1) During the first quarter of 2025, Trustmark ceased the daily sweep from low transaction interest-bearing demand deposits to savings deposits. Prior periods have been reclassified accordingly.* |

---

***See Notes to Consolidated Financials***

------

---

| | |
|:---|:---|
| ![img197556041_3.jpg](img197556041_3.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***CONSOLIDATED FINANCIAL INFORMATION*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***December 31, 2025*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***($ in thousands)*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***(unaudited)*** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| ***<u>PERIOD END BALANCES</u>*** | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** |
| Cash and due from banks | $668007 | $732826 | $634402 | $587362 | $567251 |
| Securities available for sale | 1876830 | 1814245 | 1782092 | 1737462 | 1692534 |
| Securities held to maturity | 1207454 | 1268459 | 1290572 | 1315053 | 1335385 |
| LHFS | 278789 | 228141 | 219649 | 188689 | 200307 |
| LHFI | 13674233 | 13548156 | 13464780 | 13241469 | 13089942 |
| ACL LHFI | (157071) | (165242) | (168237) | (167010) | (160270) |
| &nbsp;&nbsp;&nbsp;Net LHFI | 13517162 | 13382914 | 13296543 | 13074459 | 12929672 |
| Premises and equipment, net | 225658 | 227805 | 228964 | 231202 | 235410 |
| Mortgage servicing rights | 131289 | 131676 | 132702 | 134395 | 139317 |
| Goodwill | 334605 | 334605 | 334605 | 334605 | 334605 |
| Other real estate | 6957 | 8325 | 8972 | 8348 | 5917 |
| Operating lease right-of-use assets | 32152 | 33012 | 34016 | 33861 | 34668 |
| Other assets *(1)* | 646308 | 639502 | 653142 | 650767 | 677356 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total assets*** | $18925211 | $18801510 | $18615659 | $18296203 | $18152422 |
| Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing | $3036504 | $3321132 | $3135435 | $3069929 | $3073565 |
| &nbsp;&nbsp;&nbsp;Interest-bearing | 12463280 | 12309842 | 11980426 | 12010775 | 12034610 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total deposits*** | 15499784 | 15630974 | 15115861 | 15080704 | 15108175 |
| Fed funds purchased and repurchases | 445000 | 420000 | 456326 | 360080 | 324008 |
| Other borrowings | 364762 | 208366 | 558654 | 404815 | 301541 |
| Subordinated notes | 171966 | 123867 | 123812 | 123757 | 123702 |
| Junior subordinated debt securities | 61856 | 61856 | 61856 | 61856 | 61856 |
| ACL on off-balance sheet credit exposures | 27951 | 26186 | 25891 | 26561 | 29392 |
| Operating lease liabilities | 36250 | 37100 | 38091 | 37917 | 38698 |
| Other liabilities | 195965 | 178893 | 164379 | 179286 | 202723 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total liabilities*** | 16803534 | 16687242 | 16544870 | 16274976 | 16190095 |
| Common stock | 12296 | 12528 | 12585 | 12651 | 12711 |
| Capital surplus | 81951 | 123435 | 133195 | 143001 | 157899 |
| Retained earnings | 2041055 | 1997685 | 1955498 | 1914277 | 1875376 |
| Accumulated other comprehensive income (loss), <br> net of tax | (13625) | (19380) | (30489) | (48702) | (83659) |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total shareholders' equity*** | 2121677 | 2114268 | 2070789 | 2021227 | 1962327 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total liabilities and equity*** | $18925211 | $18801510 | $18615659 | $18296203 | $18152422 |
| *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* | *(1) Trustmark reclassified its identifiable intangible assets, net to other assets. The prior periods have been reclassified accordingly.* |

---

***See Notes to Consolidated Financials***

------

---

| | |
|:---|:---|
| ![img197556041_1.jpg](img197556041_1.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***CONSOLIDATED FINANCIAL INFORMATION*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***December 31, 2025*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***($ in thousands except per share data)*** |
| ![img197556041_1.jpg](img197556041_1.jpg) | ***(unaudited)*** |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
| ***<u>INCOME STATEMENTS</u>*** | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Interest and fees on LHFS & LHFI-FTE | $211716 | $214636 | $209077 | $201929 | $211019 | $837358 | $857307 |
| Interest on securities-taxable | 26587 | 26625 | 26269 | 26056 | 26196 | 105537 | 85921 |
| Interest on securities-tax exempt-FTE |  |  |  |  |  |  | 5 |
| Other interest income | 3967 | 4233 | 4734 | 3846 | 5128 | 16780 | 29667 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total interest income-FTE*** | 242270 | 245494 | 240080 | 231831 | 242343 | 959675 | 972900 |
| Interest on deposits | 67696 | 71065 | 68177 | 67718 | 75941 | 274656 | 329381 |
| Interest on fed funds purchased and repurchases | 4089 | 4626 | 4513 | 4298 | 4036 | 17526 | 20154 |
| Other interest expense | 4659 | 4585 | 5982 | 5076 | 3922 | 20302 | 26374 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total interest expense*** | 76444 | 80276 | 78672 | 77092 | 83899 | 312484 | 375909 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Net interest income-FTE*** | 165826 | 165218 | 161408 | 154739 | 158444 | 647191 | 596991 |
| PCL, LHFI | (550) | 1390 | 5346 | 8125 | 6960 | 14311 | 37287 |
| PCL, off-balance sheet credit exposures | 1765 | 295 | (670) | (2831) | 502 | (1441) | (4665) |
| PCL, LHFI sale of 1-4 family mortgage loans |  |  |  |  |  |  | 8633 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Net interest income after provision-FTE*** | 164611 | 163533 | 156732 | 149445 | 150982 | 634321 | 555736 |
| Service charges on deposit accounts | 11184 | 11251 | 10585 | 10636 | 11228 | 43656 | 44382 |
| Bank card and other fees | 8646 | 8318 | 8754 | 7664 | 8717 | 33382 | 33301 |
| Mortgage banking, net | 7527 | 8182 | 8602 | 8771 | 7388 | 33082 | 26626 |
| Wealth management | 11133 | 9798 | 9638 | 9543 | 9319 | 40112 | 37251 |
| Other, net | 2745 | 2382 | 2311 | 5970 | 4298 | 13408 | 17813 |
| Securities gains (losses), net |  |  |  |  |  |  | (182792) |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total noninterest income (loss)*** | 41235 | 39931 | 39890 | 42584 | 40950 | 163640 | (23419) |
| Salaries and employee benefits | 75079 | 71508 | 68298 | 68492 | 69223 | 283377 | 266239 |
| Services and fees | 27369 | 28777 | 26998 | 26247 | 26692 | 109391 | 101590 |
| Net occupancy-premises | 7835 | 7774 | 7507 | 7385 | 7195 | 30501 | 29128 |
| Equipment expense | 6878 | 6410 | 6206 | 6308 | 6208 | 25802 | 24915 |
| Other expense | 15011 | 16464 | 16105 | 15579 | 15112 | 63159 | 63818 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total noninterest expense*** | 132172 | 130933 | 125114 | 124011 | 124430 | 512230 | 485690 |
| ***Income (loss) from continuing operations <br> (cont. ops) before income taxes and tax eq adj*** | 73674 | 72531 | 71508 | 68018 | 67502 | 285731 | 46627 |
| Tax equivalent adjustment | 2940 | 2777 | 2652 | 2684 | 2596 | 11053 | 12570 |
| ***Income (loss) from cont. ops before <br> income taxes*** | 70734 | 69754 | 68856 | 65334 | 64906 | 274678 | 34057 |
| Income taxes from cont. ops | 12860 | 12967 | 13015 | 11701 | 8594 | 50543 | (11153) |
| ***Income (loss) from cont. ops*** | 57874 | 56787 | 55841 | 53633 | 56312 | 224135 | 45210 |
| ***Income from discontinued operations <br> (discont. ops) before income taxes*** |  |  |  |  |  |  | 237152 |
| Income taxes from discont. ops |  |  |  |  |  |  | 59353 |
| ***Income from discont. ops*** |  |  |  |  |  |  | 177799 |
| ***Net income*** | $57874 | $56787 | $55841 | $53633 | $56312 | $224135 | $223009 |
| ***Per share data*** *(1)* |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;***Basic earnings (loss) per share from cont. ops*** | $0.97 | $0.94 | $0.92 | $0.88 | $0.92 | $3.72 | $0.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Basic earnings per share from discont. ops*** | $— | $— | $— | $— | $— | $— | $2.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Basic earnings per share - total*** | $0.97 | $0.94 | $0.92 | $0.88 | $0.92 | $3.72 | $3.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Diluted earnings (loss) per share from cont. ops*** | $0.97 | $0.94 | $0.92 | $0.88 | $0.92 | $3.70 | $0.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Diluted earnings per share from discont. ops*** | $— | $— | $— | $— | $— | $— | $2.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Diluted earnings per share - total*** | $0.97 | $0.94 | $0.92 | $0.88 | $0.92 | $3.70 | $3.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Dividends per share*** | $0.24 | $0.24 | $0.24 | $0.24 | $0.23 | $0.96 | $0.92 |
| ***Weighted average shares outstanding*** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;***Basic*** | 59691343 | 60299193 | 60462578 | 60799984 | 61101954 | 60310198 | 61158427 |
| &nbsp;&nbsp;&nbsp;&nbsp;***Diluted*** | 59950488 | 60540158 | 60693515 | 61049120 | 61367825 | 60542187 | 61384221 |
| ***Period end shares outstanding*** | 59012423 | 60126376 | 60401684 | 60718411 | 61008023 | 59012423 | 61008023 |
| *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* | *(1) Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.* |

---

***See Notes to Consolidated Financials***

------

---

| | |
|:---|:---|
| ![img197556041_3.jpg](img197556041_3.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***CONSOLIDATED FINANCIAL INFORMATION*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***December 31, 2025*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***($ in thousands)*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***(unaudited)*** |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** |  |  |
| ***<u>NONPERFORMING ASSETS</u>*** | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** |  |  |
| Nonaccrual LHFI |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Alabama | $4638 | $3475 | $8422 | $18633 | $18601 |  |  |
| &nbsp;&nbsp;&nbsp;Florida | 442 | 460 | 437 | 391 | 305 |  |  |
| &nbsp;&nbsp;&nbsp;Mississippi *(1)* | 73045 | 62502 | 54015 | 49107 | 42203 |  |  |
| &nbsp;&nbsp;&nbsp;Tennessee *(2)* | 2396 | 2293 | 2232 | 2339 | 2431 |  |  |
| &nbsp;&nbsp;&nbsp;Texas | 3870 | 15225 | 15894 | 16150 | 16569 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total nonaccrual LHFI*** | 84391 | 83955 | 81000 | 86620 | 80109 |  |  |
| Other real estate |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Alabama | 409 | 656 | 772 | 271 | 170 |  |  |
| &nbsp;&nbsp;&nbsp;Mississippi *(1)* | 5621 | 5843 | 4860 | 4837 | 2407 |  |  |
| &nbsp;&nbsp;&nbsp;Tennessee *(2)* | 927 | 927 | 1079 | 979 | 1079 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas |  | 899 | 2261 | 2261 | 2261 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total other real estate*** | 6957 | 8325 | 8972 | 8348 | 5917 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total nonperforming assets*** | $91348 | $92280 | $89972 | $94968 | $86026 |  |  |
| ***<u>LOANS PAST DUE OVER 90 DAYS</u>*** |  |  |  |  |  |  |  |
| LHFI | $5097 | $4853 | $3854 | $4355 | $4092 |  |  |
| LHFS-Guaranteed GNMA serviced loans |  |  |  |  |  |  |  |
| *(no obligation to repurchase)* | $98939 | $77859 | $75564 | $71720 | $71255 |  |  |
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
| ***<u>ACL LHFI</u>*** | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Beginning Balance | $165242 | $168237 | $167010 | $160270 | $157929 | $160270 | $139367 |
| PCL, LHFI | (550) | 1390 | 5346 | 8125 | 6960 | 14311 | 37287 |
| PCL, LHFI sale of 1-4 family mortgage loans |  |  |  |  |  |  | 8633 |
| Charge-offs, sale of 1-4 family mortgage loans |  |  |  |  |  |  | (8633) |
| Charge-offs | (9892) | (6775) | (6380) | (3701) | (7730) | (26748) | (26316) |
| Recoveries | 2271 | 2390 | 2261 | 2316 | 3111 | 9238 | 9932 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net (charge-offs) recoveries | (7621) | (4385) | (4119) | (1385) | (4619) | (17510) | (25017) |
| Ending Balance | $157071 | $165242 | $168237 | $167010 | $160270 | $157071 | $160270 |
| ***<u>NET (CHARGE-OFFS) RECOVERIES</u>*** |  |  |  |  |  |  |  |
| Alabama | $(426) | $(3069) | $(2331) | $(207) | $(3608) | $(6033) | $(6988) |
| Florida | 204 | 2 | 151 | (17) | 8 | 340 | 884 |
| Mississippi *(1)* | (1468) | (1520) | (1647) | (755) | (1319) | (5390) | (13801) |
| Tennessee *(2)* | (82) | (182) | (258) | (301) | (208) | (823) | (805) |
| Texas | (5849) | 384 | (34) | (105) | 508 | (5604) | (4307) |
| &nbsp;&nbsp;&nbsp;&nbsp;***Total net (charge-offs) recoveries*** | $(7621) | $(4385) | $(4119) | $(1385) | $(4619) | $(17510) | $(25017) |
| *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* | *(1) Mississippi includes Central and Southern Mississippi Regions.* |  |  |  |
| *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* | *(2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.* |  |  |  |

---

***See Notes to Consolidated Financials***

------

---

| | |
|:---|:---|
| ![img197556041_3.jpg](img197556041_3.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***CONSOLIDATED FINANCIAL INFORMATION*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***December 31, 2025*** |
| ![img197556041_3.jpg](img197556041_3.jpg) | ***(unaudited)*** |
| ![img197556041_3.jpg](img197556041_3.jpg) |  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
| ***<u>FINANCIAL RATIOS AND OTHER DATA</u>*** | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Return on average equity from continuing operations | 10.80% | 10.78% | 10.97% | 10.92% | 11.36% | 10.86% | 2.48% |
| Return on average equity from adjusted <br> continuing operations *(1)* | n/a | n/a | n/a | n/a | n/a | n/a | 10.34% |
| Return on average equity - total | 10.80% | 10.78% | 10.97% | 10.92% | 11.36% | 10.86% | 12.22% |
| Return on average tangible equity from <br> continuing operations | 12.82% | 12.84% | 13.13% | 13.13% | 13.68% | 12.97% | 3.04% |
| Return on average tangible equity from adjusted <br> continuing operations *(1)* | n/a | n/a | n/a | n/a | n/a | n/a | 12.71% |
| Return on average tangible equity - total | 12.82% | 12.84% | 13.13% | 13.13% | 13.68% | 12.97% | 15.20% |
| Return on average assets from continuing operations | 1.23% | 1.21% | 1.21% | 1.19% | 1.23% | 1.21% | 0.24% |
| Return on average assets from adjusted <br> continuing operations *(1)* | n/a | n/a | n/a | n/a | n/a | n/a | 1.01% |
| Return on average assets - total | 1.23% | 1.21% | 1.21% | 1.19% | 1.23% | 1.21% | 1.20% |
| Interest margin - Yield - FTE | 5.56% | 5.69% | 5.66% | 5.62% | 5.76% | 5.63% | 5.72% |
| Interest margin - Cost | 1.75% | 1.86% | 1.86% | 1.87% | 1.99% | 1.83% | 2.21% |
| Net interest margin - FTE | 3.81% | 3.83% | 3.81% | 3.75% | 3.76% | 3.80% | 3.51% |
| Efficiency ratio *(2)* | 62.69% | 61.98% | 61.24% | 61.77% | 61.77% | 61.93% | 63.26% |
| Full-time equivalent employees | 2543 | 2539 | 2510 | 2506 | 2500 |  |  |
| ***<u>CREDIT QUALITY RATIOS</u>*** |  |  |  |  |  |  |  |
| Net (recoveries) charge-offs (excl sale of <br> 1-4 family mortgage loans) / average loans | 0.22% | 0.13% | 0.12% | 0.04% | 0.14% | 0.13% | 0.12% |
| PCL, LHFI (excl PCL, LHFI sale of <br>&nbsp;&nbsp;&nbsp;&nbsp;1-4 family mortgage loans) / average loans | -0.02% | 0.04% | 0.16% | 0.25% | 0.21% | 0.11% | 0.28% |
| Nonaccrual LHFI / (LHFI + LHFS) | 0.60% | 0.61% | 0.59% | 0.64% | 0.60% |  |  |
| Nonperforming assets / (LHFI + LHFS) | 0.65% | 0.67% | 0.66% | 0.71% | 0.65% |  |  |
| Nonperforming assets / (LHFI + LHFS <br> + other real estate) | 0.65% | 0.67% | 0.66% | 0.71% | 0.65% |  |  |
| ACL LHFI / LHFI | 1.15% | 1.22% | 1.25% | 1.26% | 1.22% |  |  |
| ACL LHFI-commercial / commercial LHFI | 0.91% | 1.00% | 1.07% | 1.11% | 1.10% |  |  |
| ACL LHFI-consumer / consumer and <br> home mortgage LHFI | 1.94% | 1.95% | 1.83% | 1.76% | 1.62% |  |  |
| ACL LHFI / nonaccrual LHFI | 186.12% | 196.82% | 207.70% | 192.81% | 200.06% |  |  |
| ACL LHFI / nonaccrual LHFI <br> (excl individually analyzed loans) | 209.18% | 239.69% | 272.20% | 296.41% | 341.20% |  |  |
| ***<u>CAPITAL RATIOS</u>*** |  |  |  |  |  |  |  |
| Total equity / total assets | 11.21% | 11.25% | 11.12% | 11.05% | 10.81% |  |  |
| Tangible equity / tangible assets | 9.61% | 9.64% | 9.50% | 9.39% | 9.13% |  |  |
| Tangible equity / risk-weighted assets | 11.54% | 11.66% | 11.41% | 11.23% | 10.86% |  |  |
| Tier 1 leverage ratio | 10.18% | 10.26% | 10.15% | 10.11% | 9.99% |  |  |
| Common equity tier 1 capital ratio | 11.72% | 11.88% | 11.70% | 11.63% | 11.54% |  |  |
| Tier 1 risk-based capital ratio | 12.11% | 12.27% | 12.09% | 12.03% | 11.94% |  |  |
| Total risk-based capital ratio | 14.41% | 14.33% | 14.15% | 14.10% | 13.97% |  |  |
| ***<u>STOCK PERFORMANCE</u>*** |  |  |  |  |  |  |  |
| Market value-Close | $38.95 | $39.60 | $36.46 | $34.49 | $35.37 |  |  |
| Book value | $35.95 | $35.16 | $34.28 | $33.29 | $32.17 |  |  |
| Tangible book value | $30.28 | $29.60 | $28.74 | $27.78 | $26.68 |  |  |
| *(1) Adjusted continuing operations excludes significant non-routine transactions. See Note 8 - Non-GAAP Financial Measures* | *(1) Adjusted continuing operations excludes significant non-routine transactions. See Note 8 - Non-GAAP Financial Measures* | *(1) Adjusted continuing operations excludes significant non-routine transactions. See Note 8 - Non-GAAP Financial Measures* | *(1) Adjusted continuing operations excludes significant non-routine transactions. See Note 8 - Non-GAAP Financial Measures* | *(1) Adjusted continuing operations excludes significant non-routine transactions. See Note 8 - Non-GAAP Financial Measures* | *(1) Adjusted continuing operations excludes significant non-routine transactions. See Note 8 - Non-GAAP Financial Measures* | *(1) Adjusted continuing operations excludes significant non-routine transactions. See Note 8 - Non-GAAP Financial Measures* | *(1) Adjusted continuing operations excludes significant non-routine transactions. See Note 8 - Non-GAAP Financial Measures* |
| *&nbsp;&nbsp;&nbsp;&nbsp; in the Notes to the Consolidated Financials.* |  |  |  |  |  |  |  |
| *(2) See Note 8 - Non-GAAP Financial Measures in the Notes to Consolidated Financials for Trustmark's efficiency ratio calculation.* | *(2) See Note 8 - Non-GAAP Financial Measures in the Notes to Consolidated Financials for Trustmark's efficiency ratio calculation.* | *(2) See Note 8 - Non-GAAP Financial Measures in the Notes to Consolidated Financials for Trustmark's efficiency ratio calculation.* | *(2) See Note 8 - Non-GAAP Financial Measures in the Notes to Consolidated Financials for Trustmark's efficiency ratio calculation.* | *(2) See Note 8 - Non-GAAP Financial Measures in the Notes to Consolidated Financials for Trustmark's efficiency ratio calculation.* | *(2) See Note 8 - Non-GAAP Financial Measures in the Notes to Consolidated Financials for Trustmark's efficiency ratio calculation.* | *(2) See Note 8 - Non-GAAP Financial Measures in the Notes to Consolidated Financials for Trustmark's efficiency ratio calculation.* |  |
| *n/a - not applicable* |  |  |  |  |  |  |  |

---

***See Notes to Consolidated Financials***

------

---

| | |
|:---|:---|
| ![img197556041_4.jpg](img197556041_4.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***NOTES TO CONSOLIDATED FINANCIALS***  |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***December 31, 2025*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***($ in thousands)*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***(unaudited)*** |

---

**Note 1 - Significant Non-Routine Transactions**

Trustmark completed the following significant non-routine transactions during the second quarter of 2024. The gains and losses described below are reflected in the year ended December 31, 2024 in the Consolidated Financial Information as well as the relevant tables in the Notes to Consolidated Financials:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•On May 31, 2024, Trustmark Bank (TB) closed the sale of its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc., (FBBI) to Marsh & McLennan Agency LLC, consistent with the terms as previously announced on April 23, 2024. TB is a wholly owned subsidiary of Trustmark Corporation (Trustmark). Trustmark recognized a gain on the sale of $228.3 million ($171.2 million, net of taxes) in income from discontinued operations. The operations of FBBI are also included in discontinued operations for the applicable periods presented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Trustmark restructured its investment securities portfolio by selling $1.561 billion of available for sale securities with an average yield of 1.36%, which generated a loss of $182.8 million ($137.1 million, net of taxes) and was recorded to noninterest income in securities gains (losses), net. Trustmark purchased $1.378 billion of available for sale securities with an average yield of 4.85%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Trustmark sold a portfolio of 1-4 family mortgage loans that were three payments delinquent and/or nonaccrual at the time of selection totaling $56.2 million, which resulted in a loss of $13.4 million ($10.1 million, net of taxes). The portion of the loss related to credit totaled $8.6 million and was recorded as adjustments to charge-offs and the provision for credit losses. The noncredit-related portion of the loss totaled $4.8 million and was recorded to noninterest income in other, net.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•In the second quarter of 2024, Visa and TB completed an exchange, offered by Visa, in which TB received Visa B-2 shares and Visa C shares for its Visa B-1 shares. The Visa C shares that were received by TB were recognized at fair value, which resulted in a gain of $8.1 million ($6.0 million, net of taxes) and recorded to noninterest income in other, net during the second quarter of 2024. During the third quarter of 2024, TB sold all of the Visa C shares for approximately the same carrying value at June 30, 2024. The Visa B-2 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 December 31, 2025, the carrying amount of the Notes was $172.0 million.

------

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| | |
|:---|:---|
| ![img197556041_4.jpg](img197556041_4.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***NOTES TO CONSOLIDATED FINANCIALS***  |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***December 31, 2025*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***($ in thousands)*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***(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:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** |
| ***<u>SECURITIES AVAILABLE FOR SALE</u>*** |  |  |  |  |  |
| U.S. Treasury securities | $208948 | $208269 | $215679 | $212463 | $202669 |
| U.S. Government agency obligations | 70849 | 70535 | 65800 | 49325 | 38807 |
| Mortgage-backed securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage pass-through securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guaranteed by GNMA | 38535 | 35806 | 34070 | 28108 | 28411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issued by FNMA and FHLMC | 1187759 | 1126931 | 1109203 | 1090137 | 1070538 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial mortgage-backed securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issued or guaranteed by FNMA, FHLMC, or GNMA | 370739 | 372704 | 357340 | 357429 | 352109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities available for sale | $1876830 | $1814245 | $1782092 | $1737462 | $1692534 |
| ***<u>SECURITIES HELD TO MATURITY</u>*** |  |  |  |  |  |
| U.S. Treasury securities | $30615 | $30421 | $30226 | $30033 | $29842 |
| Mortgage-backed securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage pass-through securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guaranteed by GNMA | 13154 | 14353 | 14750 | 15726 | 16218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issued by FNMA and FHLMC | 372311 | 384625 | 398161 | 411454 | 423372 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other residential mortgage-backed securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issued or guaranteed by FNMA, FHLMC, or GNMA | 96667 | 103041 | 109697 | 116969 | 123685 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial mortgage-backed securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issued or guaranteed by FNMA, FHLMC, or GNMA | 694707 | 736019 | 737738 | 740871 | 742268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities held to maturity | $1207454 | $1268459 | $1290572 | $1315053 | $1335385 |

---

At December 31, 2025, the net unamortized, unrealized loss included in accumulated other comprehensive income (loss) in the accompanying balance sheet for securities held to maturity transferred from securities available for sale totaled $36.3 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.

------

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| | |
|:---|:---|
| ![img197556041_4.jpg](img197556041_4.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***NOTES TO CONSOLIDATED FINANCIALS***  |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***December 31, 2025*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***($ in thousands)*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***(unaudited)*** |

---

**Note 4 – Loan Composition**

LHFI consisted of the following during the periods presented:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| ***<u>LHFI BY TYPE</u>*** | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** |
| Loans secured by real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction, land development and <br> other land loans | $1144591 | $1241827 | $1355223 | $1321631 | $1417148 |
| &nbsp;&nbsp;&nbsp;&nbsp;Secured by 1-4 family residential properties | 3056189 | 3054869 | 3057362 | 2973978 | 2949543 |
| &nbsp;&nbsp;&nbsp;&nbsp;Secured by nonfarm, nonresidential properties | 3304523 | 3299819 | 3478932 | 3532842 | 3533282 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other real estate secured | 2124272 | 2055712 | 1918341 | 1876459 | 1633830 |
| Commercial and industrial loans | 1999464 | 1903606 | 1832295 | 1765893 | 1840722 |
| Consumer loans | 159158 | 151287 | 149395 | 154623 | 151443 |
| State and other political subdivision loans | 1061584 | 1028396 | 961251 | 974300 | 969836 |
| Other loans and leases | 824452 | 812640 | 711981 | 641743 | 594138 |
| &nbsp;&nbsp;&nbsp;&nbsp;LHFI | 13674233 | 13548156 | 13464780 | 13241469 | 13089942 |
| &nbsp;&nbsp;&nbsp;&nbsp;ACL LHFI | (157071) | (165242) | (168237) | (167010) | (160270) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net LHFI | $13517162 | $13382914 | $13296543 | $13074459 | $12929672 |

---

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:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***December 31, 2025*** | ***December 31, 2025*** | ***December 31, 2025*** | ***December 31, 2025*** | ***December 31, 2025*** | ***December 31, 2025*** | ***December 31, 2025*** |
| ***<u>LHFI - COMPOSITION BY REGION</u>*** | ***Total*** | ***Alabama*** | ***Florida*** | ***Georgia*** | ***Mississippi <br>(Central and <br>Southern <br>Regions)*** | ***Tennessee <br>(Memphis, TN and <br>Northern MS<br>Regions)*** | ***Texas*** |
| Loans secured by real estate: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction, land development and <br> other land loans | $1144591 | $437797 | $25280 | $175644 | $251055 | $36569 | $218246 |
| &nbsp;&nbsp;&nbsp;&nbsp;Secured by 1-4 family residential properties | 3056189 | 167686 | 66790 |  | 2688718 | 90574 | 42421 |
| &nbsp;&nbsp;&nbsp;&nbsp;Secured by nonfarm, nonresidential properties | 3304523 | 800973 | 179726 | 58886 | 1527022 | 127681 | 610235 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other real estate secured | 2124272 | 861247 | 1621 | 222998 | 613766 | 7231 | 417409 |
| Commercial and industrial loans | 1999464 | 545831 | 21092 | 352448 | 697450 | 139002 | 243641 |
| Consumer loans | 159158 | 21085 | 7262 |  | 91170 | 13418 | 26223 |
| State and other political subdivision loans | 1061584 | 48938 | 56720 | 4690 | 826565 | 26563 | 98108 |
| Other loans and leases | 824452 | 22510 | 4320 | 440254 | 249691 | 50813 | 56864 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | $13674233 | $2906067 | $362811 | $1254920 | $6945437 | $491851 | $1713147 |
| ***<u>CONSTRUCTION, LAND DEVELOPMENT AND OTHER LAND LOANS BY REGION</u>*** | ***<u>CONSTRUCTION, LAND DEVELOPMENT AND OTHER LAND LOANS BY REGION</u>*** | ***<u>CONSTRUCTION, LAND DEVELOPMENT AND OTHER LAND LOANS BY REGION</u>*** | ***<u>CONSTRUCTION, LAND DEVELOPMENT AND OTHER LAND LOANS BY REGION</u>*** | ***<u>CONSTRUCTION, LAND DEVELOPMENT AND OTHER LAND LOANS BY REGION</u>*** | ***<u>CONSTRUCTION, LAND DEVELOPMENT AND OTHER LAND LOANS BY REGION</u>*** |  |  |
| Lots | $74904 | 33841 | $7462 | $— | $14027 | $2437 | $17137 |
| Development | 84030 | 37633 | 264 |  | 18518 | 11600 | 16015 |
| Unimproved land | 82353 | 20122 | 7654 |  | 19775 | 5770 | 29032 |
| 1-4 family construction | 308066 | 161093 | 9900 | 17360 | 68252 | 16424 | 35037 |
| Other construction | 595238 | 185108 |  | 158284 | 130483 | 338 | 121025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction, land development <br> and other land loans | $1144591 | $437797 | $25280 | $175644 | $251055 | $36569 | $218246 |

---

------

---

| | |
|:---|:---|
| ![img197556041_4.jpg](img197556041_4.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***NOTES TO CONSOLIDATED FINANCIALS***  |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***December 31, 2025*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***($ in thousands)*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***(unaudited)*** |

---

**Note 4 – Loan Composition (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***December 31, 2025*** | ***December 31, 2025*** | ***December 31, 2025*** | ***December 31, 2025*** | ***December 31, 2025*** | ***December 31, 2025*** | ***December 31, 2025*** |
|  | ***Total*** | ***Alabama*** | ***Florida*** | ***Georgia*** | ***Mississippi <br>(Central and <br>Southern <br>Regions)*** | ***Tennessee <br>(Memphis, TN and <br>Northern MS<br>Regions)*** | ***Texas*** |
| ***<u>LOANS SECURED BY NONFARM, NONRESIDENTIAL PROPERTIES BY REGION</u>*** | ***<u>LOANS SECURED BY NONFARM, NONRESIDENTIAL PROPERTIES BY REGION</u>*** | ***<u>LOANS SECURED BY NONFARM, NONRESIDENTIAL PROPERTIES BY REGION</u>*** | ***<u>LOANS SECURED BY NONFARM, NONRESIDENTIAL PROPERTIES BY REGION</u>*** | ***<u>LOANS SECURED BY NONFARM, NONRESIDENTIAL PROPERTIES BY REGION</u>*** | ***<u>LOANS SECURED BY NONFARM, NONRESIDENTIAL PROPERTIES BY REGION</u>*** |  |  |
| Non-owner occupied: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail | $243503 | $88620 | $12965 | $— | $58166 | $19036 | $64716 |
| &nbsp;&nbsp;&nbsp;&nbsp;Office | 225849 | 82704 | 17475 |  | 85278 | 2704 | 37688 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hotel/motel | 234897 | 120008 | 40827 |  | 52033 | 22029 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mini-storage | 176575 | 46991 | 1325 | 40886 | 86352 | 569 | 452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial & warehouses | 508016 | 88654 | 17670 | 18000 | 246846 | 2442 | 134404 |
| &nbsp;&nbsp;&nbsp;&nbsp;Health care | 122128 | 97895 | 655 |  | 21249 | 311 | 2018 |
| &nbsp;&nbsp;&nbsp;&nbsp;Convenience stores | 19803 | 2012 | 372 |  | 11378 | 160 | 5881 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nursing homes/senior living | 233004 | 13948 |  |  | 142465 | 3452 | 73139 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 107145 | 25212 | 8111 |  | 57375 | 6899 | 9548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-owner occupied loans | 1870920 | 566044 | 99400 | 58886 | 761142 | 57602 | 327846 |
| Owner-occupied: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Office | 149500 | 46947 | 29863 |  | 37653 | 10382 | 24655 |
| &nbsp;&nbsp;&nbsp;&nbsp;Churches | 47039 | 9824 | 3661 |  | 25619 | 2676 | 5259 |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial & warehouses | 239567 | 16480 | 7044 |  | 70279 | 10079 | 135685 |
| &nbsp;&nbsp;&nbsp;&nbsp;Health care | 118783 | 4732 | 14528 |  | 90210 | 2114 | 7199 |
| &nbsp;&nbsp;&nbsp;&nbsp;Convenience stores | 101177 | 7107 | 2748 |  | 55207 |  | 36115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail | 77138 | 10424 | 13318 |  | 39525 | 7070 | 6801 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restaurants | 66834 | 2482 | 2254 |  | 32102 | 24011 | 5985 |
| &nbsp;&nbsp;&nbsp;&nbsp;Auto dealerships | 30680 | 2614 | 145 |  | 14239 | 13682 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nursing homes/senior living | 482783 | 118407 |  |  | 338597 |  | 25779 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 120102 | 15912 | 6765 |  | 62449 | 65 | 34911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total owner-occupied loans | 1433603 | 234929 | 80326 |  | 765880 | 70079 | 282389 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans secured by nonfarm, nonresidential properties | $3304523 | $800973 | $179726 | $58886 | $1527022 | $127681 | $610235 |

---

**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*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
|  | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Securities – taxable | 3.46% | 3.50% | 3.46% | 3.46% | 3.41% | 3.47% | 2.70% |
| Securities – nontaxable |  |  |  |  |  |  | 4.46% |
| Securities – total | 3.46% | 3.50% | 3.46% | 3.46% | 3.41% | 3.47% | 2.70% |
| LHFI & LHFS | 6.06% | 6.21% | 6.19% | 6.15% | 6.32% | 6.15% | 6.45% |
| Other earning assets | 4.26% | 4.32% | 4.58% | 4.27% | 4.83% | 4.36% | 5.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | 5.56% | 5.69% | 5.66% | 5.62% | 5.76% | 5.63% | 5.72% |
| Interest-bearing deposits | 2.16% | 2.32% | 2.28% | 2.30% | 2.51% | 2.26% | 2.70% |
| Fed funds purchased & repurchases | 4.03% | 4.37% | 4.35% | 4.30% | 4.49% | 4.26% | 5.05% |
| Other borrowings | 4.61% | 3.88% | 3.89% | 3.89% | 3.86% | 4.03% | 4.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 2.29% | 2.44% | 2.42% | 2.43% | 2.61% | 2.40% | 2.86% |
| Total Deposits | 1.72% | 1.84% | 1.80% | 1.83% | 1.98% | 1.80% | 2.14% |
| Net interest margin | 3.81% | 3.83% | 3.81% | 3.75% | 3.76% | 3.80% | 3.51% |

---

------

---

| | |
|:---|:---|
| ![img197556041_4.jpg](img197556041_4.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***NOTES TO CONSOLIDATED FINANCIALS***  |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***December 31, 2025*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***($ in thousands)*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***(unaudited)*** |

---

**Note 5 – Yields on Earning Assets and Costs of Interest-Bearing Liabilities (continued)**

The net interest margin decreased two basis points when compared to the third quarter of 2025, totaling 3.81% for the fourth quarter of 2025, primarily due to the accelerated amortization of capitalized costs related to the 2020 subordinated debt issue refinanced during the quarter while decreases in the yields for the loans held for investment and held for sale and the securities portfolios were largely offset by the decrease 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 negative hedge ineffectiveness of $582 thousand during the fourth quarter of 2025.

The following table illustrates the components of mortgage banking revenues included in noninterest income in the accompanying income statements:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
|  | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Mortgage servicing income, net | $7342 | $7251 | $7142 | $7161 | $7161 | $28896 | $28215 |
| Change in fair value-MSR from runoff | (4141) | (3441) | (3596) | (2062) | (3118) | (13240) | (11645) |
| Gain on sales of loans, net | 4908 | 5230 | 5597 | 4253 | 4470 | 19988 | 19278 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage banking income before hedge <br> ineffectiveness | 8109 | 9040 | 9143 | 9352 | 8513 | 35644 | 35848 |
| Change in fair value-MSR from market changes | (445) | (1521) | (1946) | (5928) | 12710 | (9840) | 5801 |
| Change in fair value of derivatives | (137) | 663 | 1405 | 5347 | (13835) | 7278 | (15023) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net positive (negative) hedge ineffectiveness | (582) | (858) | (541) | (581) | (1125) | (2562) | (9222) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage banking, net | $7527 | $8182 | $8602 | $8771 | $7388 | $33082 | $26626 |

---

------

---

| | |
|:---|:---|
| ![img197556041_4.jpg](img197556041_4.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***NOTES TO CONSOLIDATED FINANCIALS***  |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***December 31, 2025*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***($ in thousands)*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***(unaudited)*** |

---

**Note 7 – Other Noninterest Income and Expense**

Other noninterest income consisted of the following for the periods presented:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
|  | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Partnership amortization for tax credit purposes | $(2380) | $(2385) | $(2137) | $(2124) | $(1992) | $(9026) | $(7627) |
| Increase in life insurance cash surrender value | 1940 | 1945 | 1911 | 1867 | 1891 | 7663 | 7478 |
| Loss on sale of 1-4 family mortgage loans |  |  |  |  |  |  | (4798) |
| Visa C shares fair value adjustment |  |  |  |  |  |  | 8056 |
| Other miscellaneous income | 3185 | 2822 | 2537 | 6227 | 4399 | 14771 | 14704 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total other, net | $2745 | $2382 | $2311 | $5970 | $4298 | $13408 | $17813 |

---

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*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
|  | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Loan expense | $3425 | $3287 | $3377 | $2792 | $2921 | $12881 | $11580 |
| Amortization of intangibles | 32 | 31 | 32 | 31 | 27 | 126 | 110 |
| FDIC assessment expense | 3546 | 3935 | 4064 | 4160 | 4815 | 15705 | 19211 |
| Other real estate expense, net | 501 | 1932 | 159 | 452 | (286) | 3044 | 3164 |
| Other miscellaneous expense | 7507 | 7279 | 8473 | 8144 | 7635 | 31403 | 29753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total other expense | $15011 | $16464 | $16105 | $15579 | $15112 | $63159 | $63818 |

---

**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.

------

---

| | |
|:---|:---|
| ![img197556041_4.jpg](img197556041_4.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***NOTES TO CONSOLIDATED FINANCIALS***  |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***December 31, 2025*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***($ in thousands except per share data)*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***(unaudited)*** |

---

**Note 8 – Non-GAAP Financial Measures (continued)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
|  |  | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| ***<u>TANGIBLE EQUITY</u>*** |  |  |  |  |  |  |  |  |
| AVERAGE BALANCES |  |  |  |  |  |  |  |  |
| Total shareholders' equity |  | $2126774 | $2090373 | $2041209 | $1991554 | $1972563 | $2062924 | $1825627 |
| Less: Goodwill |  | (334605) | (334605) | (334605) | (334605) | (334605) | (334605) | (334605) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Identifiable intangible assets |  | (9) | (49) | (80) | (113) | (141) | (62) | (182) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total average tangible equity |  | $1792160 | $1755719 | $1706524 | $1656836 | $1637817 | $1728257 | $1490840 |
| PERIOD END BALANCES |  |  |  |  |  |  |  |  |
| Total shareholders' equity |  | $2121677 | $2114268 | $2070789 | $2021227 | $1962327 |  |  |
| Less: Goodwill |  | (334605) | (334605) | (334605) | (334605) | (334605) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Identifiable intangible assets |  |  | (32) | (63) | (95) | (126) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total tangible equity | (a) | $1787072 | $1779631 | $1736121 | $1686527 | $1627596 |  |  |
| ***<u>TANGIBLE ASSETS</u>*** |  |  |  |  |  |  |  |  |
| Total assets |  | $18925211 | $18801510 | $18615659 | $18296203 | $18152422 |  |  |
| Less: Goodwill |  | (334605) | (334605) | (334605) | (334605) | (334605) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Identifiable intangible assets |  |  | (32) | (63) | (95) | (126) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total tangible assets | (b) | $18590606 | $18466873 | $18280991 | $17961503 | $17817691 |  |  |
| Risk-weighted assets | (c) | $15483472 | $15262807 | $15215021 | $15024476 | $14990258 |  |  |
| ***<u>NET INCOME (LOSS) ADJUSTED FOR INTANGIBLE AMORTIZATION</u>*** | ***<u>NET INCOME (LOSS) ADJUSTED FOR INTANGIBLE AMORTIZATION</u>*** | ***<u>NET INCOME (LOSS) ADJUSTED FOR INTANGIBLE AMORTIZATION</u>*** | ***<u>NET INCOME (LOSS) ADJUSTED FOR INTANGIBLE AMORTIZATION</u>*** | ***<u>NET INCOME (LOSS) ADJUSTED FOR INTANGIBLE AMORTIZATION</u>*** | ***<u>NET INCOME (LOSS) ADJUSTED FOR INTANGIBLE AMORTIZATION</u>*** | ***<u>NET INCOME (LOSS) ADJUSTED FOR INTANGIBLE AMORTIZATION</u>*** |  |  |
| Net income (loss) from continuing operations | Net income (loss) from continuing operations | $57874 | $56787 | $55841 | $53633 | $56312 | $224135 | $45210 |
| Plus: Intangible amortization net of tax <br> from continuing operations |  | 24 | 24 | 24 | 24 | 20 | 96 | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) adjusted for <br>&nbsp;&nbsp;&nbsp;&nbsp; intangible amortization | &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) adjusted for <br>&nbsp;&nbsp;&nbsp;&nbsp; intangible amortization | $57898 | $56811 | $55865 | $53657 | $56332 | $224231 | $45291 |
| Period end common shares outstanding | (d) | 59012423 | 60126376 | 60401684 | 60718411 | 61008023 |  |  |
| ***<u>TANGIBLE COMMON EQUITY MEASUREMENTS</u>*** | ***<u>TANGIBLE COMMON EQUITY MEASUREMENTS</u>*** | ***<u>TANGIBLE COMMON EQUITY MEASUREMENTS</u>*** | ***<u>TANGIBLE COMMON EQUITY MEASUREMENTS</u>*** | ***<u>TANGIBLE COMMON EQUITY MEASUREMENTS</u>*** | ***<u>TANGIBLE COMMON EQUITY MEASUREMENTS</u>*** | ***<u>TANGIBLE COMMON EQUITY MEASUREMENTS</u>*** |  |  |
| Return on average tangible equity from <br> continuing operations *(1)* |  | 12.82% | 12.84% | 13.13% | 13.13% | 13.68% | 12.97% | 3.04% |
| Tangible equity/tangible assets | (a)/(b) | 9.61% | 9.64% | 9.50% | 9.39% | 9.13% |  |  |
| Tangible equity/risk-weighted assets | (a)/(c) | 11.54% | 11.66% | 11.41% | 11.23% | 10.86% |  |  |
| Tangible book value | (a)/(d)\*1,000 | $30.28 | $29.60 | $28.74 | $27.78 | $26.68 |  |  |
| ***<u>COMMON EQUITY TIER 1 CAPITAL (CET1)</u>*** | ***<u>COMMON EQUITY TIER 1 CAPITAL (CET1)</u>*** | ***<u>COMMON EQUITY TIER 1 CAPITAL (CET1)</u>*** | ***<u>COMMON EQUITY TIER 1 CAPITAL (CET1)</u>*** | ***<u>COMMON EQUITY TIER 1 CAPITAL (CET1)</u>*** | ***<u>COMMON EQUITY TIER 1 CAPITAL (CET1)</u>*** | ***<u>COMMON EQUITY TIER 1 CAPITAL (CET1)</u>*** |  |  |
| Total shareholders' equity |  | $2121677 | $2114268 | $2070789 | $2021227 | $1962327 |  |  |
| CECL transition adjustment |  |  |  |  |  | 6500 |  |  |
| AOCI-related adjustments |  | 13625 | 19380 | 30489 | 48702 | 83659 |  |  |
| CET1 adjustments and deductions: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Goodwill net of associated deferred <br> tax liabilities (DTLs) | &nbsp;&nbsp;Goodwill net of associated deferred <br> tax liabilities (DTLs) | (320754) | (320754) | (320755) | (320756) | (320756) |  |  |
| &nbsp;&nbsp;Other adjustments and deductions <br> for CET1 *(2)* | &nbsp;&nbsp;Other adjustments and deductions <br> for CET1 *(2)* | (253) | (111) | (955) | (2175) | (2058) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CET1 capital | (e) | 1814295 | 1812783 | 1779568 | 1746998 | 1729672 |  |  |
| &nbsp;&nbsp;Additional tier 1 capital instruments <br> plus related surplus | &nbsp;&nbsp;Additional tier 1 capital instruments <br> plus related surplus | 60000 | 60000 | 60000 | 60000 | 60000 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital |  | $1874295 | $1872783 | $1839568 | $1806998 | $1789672 |  |  |
| Common equity tier 1 capital ratio | (e)/(c) | 11.72% | 11.88% | 11.70% | 11.63% | 11.54% |  |  |

---

*(1) Calculation = ((net income (loss) adjusted for intangible amortization/number of days in period)\*number of days in year)/total average tangible equity.*

*(2) Includes other intangible assets, net of DTLs, disallowed deferred tax assets (DTAs), threshold deductions and transition adjustments, as applicable.* 

------

---

| | |
|:---|:---|
| ![img197556041_4.jpg](img197556041_4.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***NOTES TO CONSOLIDATED FINANCIALS***  |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***December 31, 2025*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***($ in thousands)*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***(unaudited)*** |

---

**Note 8 – Non-GAAP Financial Measures (continued)**

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*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
|  |  |  | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Net interest income (GAAP) | Net interest income (GAAP) | (a) | $162886 | $162441 | $158756 | $152055 | $155848 | $636138 | $584421 |
| Noninterest income (loss) (GAAP) | Noninterest income (loss) (GAAP) |  | 41235 | 39931 | 39890 | 42584 | 40950 | 163640 | (23419) |
| &nbsp;&nbsp;&nbsp;&nbsp;Add: | Loss on sale of 1-4 family mortgage loans (incl in <br> Other, net) | Loss on sale of 1-4 family mortgage loans (incl in <br> Other, net) |  |  |  |  |  |  | 4798 |
|  | Visa C shares fair value adjustment (incl in Other, net) | Visa C shares fair value adjustment (incl in Other, net) |  |  |  |  |  |  | (8056) |
|  | Securities (gains) losses, net | Securities (gains) losses, net |  |  |  |  |  |  | 182792 |
| Noninterest income from adjusted continuing<br> operations (Non-GAAP) | Noninterest income from adjusted continuing<br> operations (Non-GAAP) | (b) | $41235 | $39931 | $39890 | $42584 | $40950 | $163640 | $156115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted pre-provision revenue | &nbsp;&nbsp;&nbsp;&nbsp;Adjusted pre-provision revenue | (a)+(b)=(c) | $204121 | $202372 | $198646 | $194639 | $196798 | $799778 | $740536 |
| Noninterest expense (GAAP) | Noninterest expense (GAAP) | (d) | 132172 | 130933 | 125114 | 124011 | 124430 | 512230 | 485690 |
| &nbsp;&nbsp;&nbsp;PPNR (Non-GAAP) | &nbsp;&nbsp;&nbsp;PPNR (Non-GAAP) | (c)-(d) | $71949 | $71439 | $73532 | $70628 | $72368 | $287548 | $254846 |

---

------

---

| | |
|:---|:---|
| ![img197556041_4.jpg](img197556041_4.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***NOTES TO CONSOLIDATED FINANCIALS***  |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***December 31, 2025*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***($ in thousands except per share data)*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***(unaudited)*** |

---

**Note 8 – Non-GAAP Financial Measures (continued)**

The following table presents adjustments to net income (loss) from continuing operations and select financial ratios as reported in accordance with GAAP resulting from significant non-routine items occurring during the periods presented:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
|  | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Net income (loss) (GAAP) from continuing operations | $57874 | $56787 | $55841 | $53633 | $56312 | $224135 | $45210 |
| Significant non-routine transactions (net of taxes): |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PCL, LHFI sale of nonperforming 1-4 family |  |  |  |  |  |  | 6475 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on sale of 1-4 family mortgage loans |  |  |  |  |  |  | 3598 |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa C shares fair value adjustment |  |  |  |  |  |  | (6042) |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities gains (losses), net |  |  |  |  |  |  | 137094 |
| Net income adjusted for significant non-routine <br> transactions (Non-GAAP) | $57874 | $56787 | $55841 | $53633 | $56312 | $224135 | $186335 |
| Diluted EPS from adjusted continuing operations | $0.97 | $0.94 | $0.92 | $0.88 | $0.92 | $3.70 | $3.04 |
| ***<u>FINANCIAL RATIOS - REPORTED (GAAP)</u>*** |  |  |  |  |  |  |  |
| Return on average equity from continuing operations | 10.80% | 10.78% | 10.97% | 10.92% | 11.36% | 10.86% | 2.48% |
| Return on average tangible equity from <br> continuing operations | 12.82% | 12.84% | 13.13% | 13.13% | 13.68% | 12.97% | 3.04% |
| Return on average assets from continuing operations | 1.23% | 1.21% | 1.21% | 1.19% | 1.23% | 1.21% | 0.24% |
| ***<u>FINANCIAL RATIOS - ADJUSTED (NON-GAAP)</u>*** |  |  |  |  |  |  |  |
| Return on average equity from adjusted <br> continuing operations | n/a | n/a | n/a | n/a | n/a | n/a | 10.34% |
| Return on average tangible equity from adjusted <br> continuing operations | n/a | n/a | n/a | n/a | n/a | n/a | 12.71% |
| Return on average assets from adjusted <br> continuing operations | n/a | n/a | n/a | n/a | n/a | n/a | 1.01% |
| *n/a - not applicable* |  |  |  |  |  |  |  |

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| | |
|:---|:---|
| ![img197556041_4.jpg](img197556041_4.jpg) | ***TRUSTMARK CORPORATION AND SUBSIDIARIES*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***NOTES TO CONSOLIDATED FINANCIALS***  |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***December 31, 2025*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***($ in thousands)*** |
| ![img197556041_4.jpg](img197556041_4.jpg) | ***(unaudited)*** |

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**Note 8 – Non-GAAP Financial Measures (continued)**

The following table presents Trustmark's calculation of its efficiency ratio for the periods presented:

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Quarter Ended*** | ***Year Ended*** | ***Year Ended*** |
|  |  |  | ***12/31/2025*** | ***9/30/2025*** | ***6/30/2025*** | ***3/31/2025*** | ***12/31/2024*** | ***12/31/2025*** | ***12/31/2024*** |
| Total noninterest expense (GAAP) | Total noninterest expense (GAAP) |  | $132172 | $130933 | $125114 | $124011 | $124430 | $512230 | $485690 |
| &nbsp;&nbsp;Less: | Other real estate expense, net | Other real estate expense, net | (501) | (1932) | (159) | (452) | 286 | (3044) | (3164) |
|  | Amortization of intangibles | Amortization of intangibles | (32) | (31) | (32) | (31) | (27) | (126) | (110) |
|  | Charitable contributions resulting in <br> state tax credits | Charitable contributions resulting in <br> state tax credits | (333) | (334) | (334) | (334) | (300) | (1335) | (1200) |
| Adjusted noninterest expense (Non-GAAP) | Adjusted noninterest expense (Non-GAAP) | (a) | $131306 | $128636 | $124589 | $123194 | $124389 | $507725 | $481216 |
| Net interest income (GAAP) | Net interest income (GAAP) |  | $162886 | $162441 | $158756 | $152055 | $155848 | $636138 | $584421 |
| &nbsp;&nbsp;Add: | Tax equivalent adjustment |  | 2940 | 2777 | 2652 | 2684 | 2596 | 11053 | 12570 |
| Net interest income-FTE (Non-GAAP) | Net interest income-FTE (Non-GAAP) | (b) | $165826 | $165218 | $161408 | $154739 | $158444 | $647191 | $596991 |
| Noninterest income (loss) (GAAP) | Noninterest income (loss) (GAAP) |  | $41235 | $39931 | $39890 | $42584 | $40950 | $163640 | $(23419) |
| &nbsp;&nbsp;Add: | Partnership amortization for tax <br> credit purposes | Partnership amortization for tax <br> credit purposes | 2380 | 2385 | 2137 | 2124 | 1992 | 9026 | 7627 |
|  | Loss on sale of 1-4 family mortgage loans | Loss on sale of 1-4 family mortgage loans |  |  |  |  |  |  | 4798 |
|  | Securities (gains) losses, net | Securities (gains) losses, net |  |  |  |  |  |  | 182792 |
| &nbsp;&nbsp;Less: | Visa C shares fair value adjustment | Visa C shares fair value adjustment |  |  |  |  |  |  | (8056) |
| Adjusted noninterest income (Non-GAAP) | Adjusted noninterest income (Non-GAAP) | (c) | $43615 | $42316 | $42027 | $44708 | $42942 | $172666 | $163742 |
| Adjusted revenue (Non-GAAP) | Adjusted revenue (Non-GAAP) | (b)+(c) | $209441 | $207534 | $203435 | $199447 | $201386 | $819857 | $760733 |
| Efficiency ratio (Non-GAAP) | Efficiency ratio (Non-GAAP) | (a)/((b)+(c)) | 62.69% | 61.98% | 61.24% | 61.77% | 61.77% | 61.93% | 63.26% |

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## Exhibit 99.2

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