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Revenue from Contracts with Customers
 9 Months Ended
Sep. 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 nine months ended September 30, 2025 resulted in net losses of $179 thousand and $323 thousand, respectively, compared to net losses of $92 thousand and $1.1 million for the three and nine months ended September 30, 2024, respectively.

The Insurance Segment is included in discontinued operations for the nine months ended September 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 September 30, 2025

 

 

Three Months Ended September 30, 2024

 

 

 

Topic 606

 

 

Not Topic
606 (1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606 (1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

11,188

 

 

$

—

 

 

$

11,188

 

 

$

11,250

 

 

$

—

 

 

$

11,250

 

Bank card and other fees

 

 

7,625

 

 

 

635

 

 

 

8,260

 

 

 

7,661

 

 

 

218

 

 

 

7,879

 

Mortgage banking, net

 

 

—

 

 

 

8,182

 

 

 

8,182

 

 

 

—

 

 

 

6,119

 

 

 

6,119

 

Wealth management

 

 

185

 

 

 

—

 

 

 

185

 

 

 

175

 

 

 

—

 

 

 

175

 

Other, net

 

 

2,753

 

 

 

(553

)

 

 

2,200

 

 

 

3,136

 

 

 

(337

)

 

 

2,799

 

Total noninterest income (loss)

 

$

21,751

 

 

$

8,264

 

 

$

30,015

 

 

$

22,222

 

 

$

6,000

 

 

$

28,222

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

63

 

 

$

—

 

 

$

63

 

 

$

22

 

 

$

—

 

 

$

22

 

Bank card and other fees

 

 

58

 

 

 

—

 

 

 

58

 

 

 

52

 

 

 

—

 

 

 

52

 

Wealth management

 

 

9,613

 

 

 

—

 

 

 

9,613

 

 

 

9,113

 

 

 

—

 

 

 

9,113

 

Other, net

 

 

83

 

 

 

99

 

 

 

182

 

 

 

59

 

 

 

94

 

 

 

153

 

Total noninterest income (loss)

 

$

9,817

 

 

$

99

 

 

$

9,916

 

 

$

9,246

 

 

$

94

 

 

$

9,340

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

11,251

 

 

$

—

 

 

$

11,251

 

 

$

11,272

 

 

$

—

 

 

$

11,272

 

Bank card and other fees

 

 

7,683

 

 

 

635

 

 

 

8,318

 

 

 

7,713

 

 

 

218

 

 

 

7,931

 

Mortgage banking, net

 

 

—

 

 

 

8,182

 

 

 

8,182

 

 

 

—

 

 

 

6,119

 

 

 

6,119

 

Wealth management

 

 

9,798

 

 

 

—

 

 

 

9,798

 

 

 

9,288

 

 

 

—

 

 

 

9,288

 

Other, net

 

 

2,836

 

 

 

(454

)

 

 

2,382

 

 

 

3,195

 

 

 

(243

)

 

 

2,952

 

Total noninterest income (loss)

 

$

31,568

 

 

$

8,363

 

 

$

39,931

 

 

$

31,468

 

 

$

6,094

 

 

$

37,562

 
(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.

 

 

 

Nine Months Ended September 30, 2025

 

 

Nine Months Ended September 30, 2024

 

 

 

Topic 606

 

 

Not Topic
606 (1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606 (1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

32,365

 

 

$

—

 

 

$

32,365

 

 

$

33,089

 

 

$

—

 

 

$

33,089

 

Bank card and other fees

 

 

22,973

 

 

 

1,628

 

 

 

24,601

 

 

 

23,281

 

 

 

1,176

 

 

 

24,457

 

Mortgage banking, net

 

 

—

 

 

 

25,555

 

 

 

25,555

 

 

 

—

 

 

 

19,238

 

 

 

19,238

 

Wealth management

 

 

562

 

 

 

—

 

 

 

562

 

 

 

538

 

 

 

—

 

 

 

538

 

Other, net

 

 

10,554

 

 

 

(368

)

 

 

10,186

 

 

 

13,735

 

 

 

(641

)

 

 

13,094

 

Securities gains (losses), net

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(182,792

)

 

 

(182,792

)

Total noninterest income (loss)

 

$

66,454

 

 

$

26,815

 

 

$

93,269

 

 

$

70,643

 

 

$

(163,019

)

 

$

(92,376

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

107

 

 

$

—

 

 

$

107

 

 

$

65

 

 

$

—

 

 

$

65

 

Bank card and other fees

 

 

135

 

 

 

—

 

 

 

135

 

 

 

127

 

 

 

—

 

 

 

127

 

Wealth management

 

 

28,417

 

 

 

—

 

 

 

28,417

 

 

 

27,394

 

 

 

—

 

 

 

27,394

 

Other, net

 

 

189

 

 

 

288

 

 

 

477

 

 

 

139

 

 

 

282

 

 

 

421

 

Total noninterest income (loss)

 

$

28,848

 

 

$

288

 

 

$

29,136

 

 

$

27,725

 

 

$

282

 

 

$

28,007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

32,472

 

 

$

—

 

 

$

32,472

 

 

$

33,154

 

 

$

—

 

 

$

33,154

 

Bank card and other fees

 

 

23,108

 

 

 

1,628

 

 

 

24,736

 

 

 

23,408

 

 

 

1,176

 

 

 

24,584

 

Mortgage banking, net

 

 

—

 

 

 

25,555

 

 

 

25,555

 

 

 

—

 

 

 

19,238

 

 

 

19,238

 

Wealth management

 

 

28,979

 

 

 

—

 

 

 

28,979

 

 

 

27,932

 

 

 

—

 

 

 

27,932

 

Other, net

 

 

10,743

 

 

 

(80

)

 

 

10,663

 

 

 

13,874

 

 

 

(359

)

 

 

13,515

 

Securities gains (losses), net

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(182,792

)

 

 

(182,792

)

Total noninterest income (loss)

 

$

95,302

 

 

$

27,103

 

 

$

122,405

 

 

$

98,368

 

 

$

(162,737

)

 

$

(64,369

)
(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.