Trustmark (TRMK) Proxy Filing summary

Executive summary

• Achieved record earnings in 2025, with net income of $224.1 million and diluted EPS of $3.70, reflecting strong performance across banking, mortgage, and wealth management businesses.

• Loan growth of 4.5% and deposit growth of 2.6% were well-diversified by type and geography, with total loans at $13.7 billion and deposits at $15.5 billion at year-end.

• Net interest income rose 8.4% to $647.2 million, with a net interest margin of 3.80%, up 29 basis points from the prior year.

• Wealth management revenue reached a record $40.1 million, and mortgage banking revenue increased 24.2% to $33.1 million, with mortgage production up 7.8%.

• Maintained strong credit quality, with net charge-offs at 0.13% of average loans and allowance for credit losses at 1.15% of total loans.

Voting matters and shareholder proposals

• Board authorized a new stock repurchase program for up to $100 million through December 31, 2026.

• Announced a 4.2% increase in the regular quarterly dividend to $0.25 per share, raising the annual dividend rate to $1.00 per share.

Board of directors and corporate governance

• Board actively engaged in governance and strategic direction, collaborating with management to enhance franchise value.

• William A. Brown retired after 13 years on the Bank Board and 8 years on the Corporation Board, having served on several committees.