EX-99.1 3 d14573exv99w1.htm PRESENTATION TO ANNUAL MEETING OF SHAREHOLDERS exv99w1
 

Exhibit 99.1

Annual Meeting of Shareholders April 20, 2004


 

Forward Looking Statements This presentation may contain forward-looking statements within the meaning of and pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. A forward-looking statement in this presentation encompasses any estimate, prediction, expectation, projection, opinion, anticipation, outlook or statement of belief included therein, as well as the management assumptions underlying those forward-looking statements. Factors that might cause future results to differ from such forward-looking statements are described in Trustmark's filings with the Securities and Exchange Commission. Trustmark undertakes no obligation to update or revise any of this information, whether as the result of new information, future events or developments, or otherwise.


 

2003 Corporate Profile Trustmark is an integrated provider of banking and financial solutions: $ 7.9 billion in total assets $ 427 million in revenue $ 118.5 million in net income 17.56% ROE 8.71% Equity to Assets 1.60% ROA Investment Ratings Moody's: A3 S&P: BBB+ Corporate Infrastructure: Over 145 branches and 175 ATMs Over 2,400 associates Serving Mississippi, Florida, Tennessee and Texas


 

Financial Performance Basic Earnings and Dividends Per Share


 

Financial Performance Return on Average Equity


 

Financial Performance Capital Management


 

Financial Performance Total Revenue ($ in thousands)


 

Financial Performance 2003 Revenue by Line of Business ($ in millions) Branch Non-Branch Mortgage Insurance Commercial Investment Treasury 12/31/2003 211.1 24.8 61.3 17.6 51.2 24.9 36.4 Consumer Branch $211.1 49.4% Mortgage $61.3 14.3% Insurance $17.6 4.1% Commercial $51.2 12.0% Wealth Management $24.9 5.8% Treasury & Other $36.5 8.6% Consumer Non-Branch $24.8 5.8% Total Revenue: $427.4


 

Financial Performance Total Earning Asset Composition ($ in millions)


 

Loan Composition As of December 31, 2003 ($ in millions) Commercial & Industrial Consumer State/Political Subs Other Construction 1-4 Family Non Farm-Non Residential Loans Held for Sale 12/31/2003 787 787 173 87 406 1664 1016 113 Consumer 15.7% $788 Other 1.7% $87 Construction 8.1% $406 Non Farm - Non Residential 20.2% $1,016 Loans Held for Sale 2.2% $113 Commercial & Industrial 15.6% $786 State/Political Subs 3.4% $173 1-4 Family 33.1% $1,664 Total Loans: $5,033


 

Trustmark regained #1 ranking in Deposit Market Share in Mississippi Deposits 2003 2002 06/30/03 Market Share Market Share Trustmark $4.5 billion 13.73% 13.15% BancorpSouth 4.4 billion 13.43% 13.29% AmSouth 3.1 billion 9.29% 9.63% Union Planters 2.5 billion 7.49% 7.88% Hancock 2.1 billion 6.41% 6.43% Trustmark ranked #1 in Deposit Market Share in Jackson MSA Deposits 2003 2002 06/30/03 Market Share Market Share Trustmark $2,583 million 40.66% 37.90% AmSouth 1,399 million 22.02% 22.55% BancorpSouth 667 million 10.49% 10.90% BancPlus 434 million 6.84% 6.64% Union Planters 400 million 6.29% 6.55% Deposit Market Share Source: SNL Financial


 

Deposit Composition As of December 31, 2003 ($ in millions) CDs Non Interest Bearing DDAs Interest Bearing Transactions Savings 9/30/2003 1718 1329 1214 828 CDs 33.8% $1,718 Interest Bearing Transactions 23.8% $1,214 Savings 16.3% $828 Non Interest Bearing DDAs 26.1% $1,329 Total Deposits: $5,089


 

Strategic Accomplishments Corporate Governance Corporate Governance Quotient ranks in 99th percentile according to Institutional Shareholder Services (ISS) Ranked 5th in the Russell 3000 as rated by ISS for Corporate Governance Compliance with Sarbanes-Oxley Act Successful re-audit by KPMG Selected to be on Jim Jubak's list of "Clean Stocks"


 

Strategic Accomplishments Technology Credit Process Redesign Right sized loan operations staffing Implemented B2B for business loan originations and APPRO for consumer loan originations throughout Mississippi community banks Reaffirmed loan officer lending authority systemwide Transaction Image Archive Prime pass capture of all transaction documents On-line access of all transaction images Intranet S1 consumer and business internet banking systems Decreased reliance on paper and microfilm in back office operations Contingency Planning Committed 2 additional FTEs to bring area staffing to 5 FTEs Engaged market leader, Strohl, to conduct business impact analysis Invested in software to maintain accuracy of Business Continuity Plans


 

Strategic Accomplishments Mergers and Acquisitions Entered Florida market with purchase of 7 Emerald Coast Bank offices serving markets from Destin to Panama City Purchased 5 Allied Houston Bank offices in Houston Positioned for potential significant transactions Revised charter and bylaws to provide additional financial management flexibility Received investment grade ratings from Moody's and Standard and Poors' Filed $200 million shelf registration