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Revenue from Contracts with Customers | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | Note 10 – Revenue from Contracts with Customers Trustmark accounts for revenue from contracts with customers in accordance with FASB ASC Topic 606, “Revenue from Contracts with Customers,” which provides that revenue be recognized in a manner that depicts the transfer of goods or services to a customer in an amount that reflects the consideration Trustmark expects to be entitled to in exchange for those goods or services. Revenue from contracts with customers is recognized either over time in a manner that depicts Trustmark’s performance, or at a point in time when control of the goods or services are transferred to the customer. Trustmark’s noninterest income (loss), excluding all of mortgage banking, net and securities gains (losses), net and portions of bank card and other fees and other, net, are considered within the scope of FASB ASC Topic 606. Gains or losses on the sale of other real estate, which are included in Trustmark’s noninterest expense as other expense, are also within the scope of FASB ASC Topic 606. Trustmark records a gain or loss from the sale of other real estate when control of the property transfers to the buyer. Trustmark records the gain or loss from the sale of other real estate in noninterest expense as other expense. Other real estate sales for the three and six months ended June 30, 2025 resulted in a net loss of $68 thousand and $144 thousand, respectively, compared to a net loss of $907 thousand and $962 thousand for the three and six months ended June 30, 2024, respectively. The Insurance Segment is included in discontinued operations for the three and six months ended June 30, 2024. See Note 2 - Discontinued Operations for additional information about discontinued operations. The following tables present noninterest income (loss) disaggregated by reportable operating segment and revenue stream for the periods presented ($ in thousands):
|  | Three Months Ended June 30, 2025 |  |  | Three Months Ended June 30, 2024 |
|  | Topic 606 |  |  | Not Topic 606 (1) |  |  | Total |  |  | Topic 606 |  |  | Not Topic 606 (1) |  |  | Total |
General Banking Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service charges on deposit accounts |  | $ | 10,562 |  |  | $ | — |  |  | $ | 10,562 |  |  | $ | 10,903 |  |  | $ | — |  |  | $ | 10,903 |
Bank card and other fees |  |  | 7,968 |  |  |  | 748 |  |  |  | 8,716 |  |  |  | 8,428 |  |  |  | 758 |  |  |  | 9,186 |
Mortgage banking, net |  |  | — |  |  |  | 8,602 |  |  |  | 8,602 |  |  |  | — |  |  |  | 4,204 |  |  |  | 4,204 |
Wealth management |  |  | 196 |  |  |  | — |  |  |  | 196 |  |  |  | 174 |  |  |  | — |  |  |  | 174 |
Other, net |  |  | 2,388 |  |  |  | (224 | ) |  |  | 2,164 |  |  |  | 7,251 |  |  |  | 78 |  |  |  | 7,329 |
Securities gains (losses), net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (182,792 | ) |  |  | (182,792 | )
Total noninterest income (loss) |  | $ | 21,114 |  |  | $ | 9,126 |  |  | $ | 30,240 |  |  | $ | 26,756 |  |  | $ | (177,752 | ) |  | $ | (150,996 | )
Wealth Management Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service charges on deposit accounts |  | $ | 23 |  |  | $ | — |  |  | $ | 23 |  |  | $ | 21 |  |  | $ | — |  |  | $ | 21 |
Bank card and other fees |  |  | 38 |  |  |  | — |  |  |  | 38 |  |  |  | 39 |  |  |  | — |  |  |  | 39 |
Wealth management |  |  | 9,442 |  |  |  | — |  |  |  | 9,442 |  |  |  | 9,518 |  |  |  | — |  |  |  | 9,518 |
Other, net |  |  | 54 |  |  |  | 93 |  |  |  | 147 |  |  |  | 38 |  |  |  | 94 |  |  |  | 132 |
Total noninterest income (loss) |  | $ | 9,557 |  |  | $ | 93 |  |  | $ | 9,650 |  |  | $ | 9,616 |  |  | $ | 94 |  |  | $ | 9,710 |
Consolidated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service charges on deposit accounts |  | $ | 10,585 |  |  | $ | — |  |  | $ | 10,585 |  |  | $ | 10,924 |  |  | $ | — |  |  | $ | 10,924 |
Bank card and other fees |  |  | 8,006 |  |  |  | 748 |  |  |  | 8,754 |  |  |  | 8,467 |  |  |  | 758 |  |  |  | 9,225 |
Mortgage banking, net |  |  | — |  |  |  | 8,602 |  |  |  | 8,602 |  |  |  | — |  |  |  | 4,204 |  |  |  | 4,204 |
Wealth management |  |  | 9,638 |  |  |  | — |  |  |  | 9,638 |  |  |  | 9,692 |  |  |  | — |  |  |  | 9,692 |
Other, net |  |  | 2,442 |  |  |  | (131 | ) |  |  | 2,311 |  |  |  | 7,289 |  |  |  | 172 |  |  |  | 7,461 |
Securities gains (losses), net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (182,792 | ) |  |  | (182,792 | )
Total noninterest income (loss) |  | $ | 30,671 |  |  | $ | 9,219 |  |  | $ | 39,890 |  |  | $ | 36,372 |  |  | $ | (177,658 | ) |  | $ | (141,286 | )
(1) Noninterest income (loss) not in scope for FASB ASC Topic 606 includes customer derivatives revenue and miscellaneous credit card fee income within bank card and other fees; mortgage banking, net; amortization of tax credits, cash surrender value on various life insurance policies, earnings on Trustmark’s non-qualified deferred compensation plans, other partnership investments and rental income within other, net; and securities gains (losses), net.
|  | Six Months Ended June 30, 2025 |  |  | Six Months Ended June 30, 2024 |
|  | Topic 606 |  |  | Not Topic 606 (1) |  |  | Total |  |  | Topic 606 |  |  | Not Topic 606 (1) |  |  | Total |
General Banking Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service charges on deposit accounts |  | $ | 21,177 |  |  | $ | — |  |  | $ | 21,177 |  |  | $ | 21,839 |  |  | $ | — |  |  | $ | 21,839 |
Bank card and other fees |  |  | 15,348 |  |  |  | 993 |  |  |  | 16,341 |  |  |  | 15,620 |  |  |  | 958 |  |  |  | 16,578 |
Mortgage banking, net |  |  | — |  |  |  | 17,373 |  |  |  | 17,373 |  |  |  | — |  |  |  | 13,119 |  |  |  | 13,119 |
Wealth management |  |  | 377 |  |  |  | — |  |  |  | 377 |  |  |  | 363 |  |  |  | — |  |  |  | 363 |
Other, net |  |  | 7,801 |  |  |  | 185 |  |  |  | 7,986 |  |  |  | 10,599 |  |  |  | (304 | ) |  |  | 10,295 |
Securities gains (losses), net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (182,792 | ) |  |  | (182,792 | )
Total noninterest income (loss) |  | $ | 44,703 |  |  | $ | 18,551 |  |  | $ | 63,254 |  |  | $ | 48,421 |  |  | $ | (169,019 | ) |  | $ | (120,598 | )
Wealth Management Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service charges on deposit accounts |  | $ | 44 |  |  | $ | — |  |  | $ | 44 |  |  | $ | 43 |  |  | $ | — |  |  | $ | 43 |
Bank card and other fees |  |  | 77 |  |  |  | — |  |  |  | 77 |  |  |  | 75 |  |  |  | — |  |  |  | 75 |
Wealth management |  |  | 18,804 |  |  |  | — |  |  |  | 18,804 |  |  |  | 18,281 |  |  |  | — |  |  |  | 18,281 |
Other, net |  |  | 106 |  |  |  | 189 |  |  |  | 295 |  |  |  | 80 |  |  |  | 188 |  |  |  | 268 |
Total noninterest income (loss) |  | $ | 19,031 |  |  | $ | 189 |  |  | $ | 19,220 |  |  | $ | 18,479 |  |  | $ | 188 |  |  | $ | 18,667 |
Consolidated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service charges on deposit accounts |  | $ | 21,221 |  |  | $ | — |  |  | $ | 21,221 |  |  | $ | 21,882 |  |  | $ | — |  |  | $ | 21,882 |
Bank card and other fees |  |  | 15,425 |  |  |  | 993 |  |  |  | 16,418 |  |  |  | 15,695 |  |  |  | 958 |  |  |  | 16,653 |
Mortgage banking, net |  |  | — |  |  |  | 17,373 |  |  |  | 17,373 |  |  |  | — |  |  |  | 13,119 |  |  |  | 13,119 |
Wealth management |  |  | 19,181 |  |  |  | — |  |  |  | 19,181 |  |  |  | 18,644 |  |  |  | — |  |  |  | 18,644 |
Other, net |  |  | 7,907 |  |  |  | 374 |  |  |  | 8,281 |  |  |  | 10,679 |  |  |  | (116 | ) |  |  | 10,563 |
Securities gains (losses), net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (182,792 | ) |  |  | (182,792 | )
Total noninterest income (loss) |  | $ | 63,734 |  |  | $ | 18,740 |  |  | $ | 82,474 |  |  | $ | 66,900 |  |  | $ | (168,831 | ) |  | $ | (101,931 | )
(1) Noninterest income (loss) not in scope for FASB ASC Topic 606 includes customer derivatives revenue and miscellaneous credit card fee income within bank card and other fees; mortgage banking, net; amortization of tax credits, cash surrender value on various life insurance policies, earnings on Trustmark’s non-qualified deferred compensation plans, other partnership investments and rental income within other, net; and securities gains (losses), net.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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