Discontinued Operations

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

ote 2 - Discontinued Operations

On May 31, 2024, TB completed the sale of its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc. (FBBI), to Marsh & McLennan Agency LLC for $336.9 million in cash. The transaction resulted in a pre-tax net gain of $228.3 million. The gain, along with FBBI's historical financial results for the periods prior to the sale, is reflected in Trustmark's consolidated financial statements as discontinued operations. FBBI's operating results prior to the sale have been presented as "Income from Discontinued Operations" within the accompanying consolidated statements of income for the years ended December 31, 2024 and 2023. Cash flows from both continuing and discontinued operations are included in the accompanying consolidated statements of cash flows for the years ended December 31, 2024 and 2023.

The following table summarizes financial information related to FBBI which has been segregated from continuing operations and reported as discontinued operations for the periods presented ($ in thousands):


	Years Ended December 31,
	2024		2023
Noninterest income:
Insurance commissions	$	27,728	$	57,569
Gain on sale of discontinued operations, net		228,272		—
Other, net		527		956
Total noninterest income		256,527		58,525
Noninterest expense:
Salaries and employee benefits		16,263		36,395
Services and fees		704		1,673
Net occupancy - premises		269		975
Equipment expense		93		298
Other expense		2,046		2,882
Total noninterest expense		19,375		42,223
Income from discontinued operations before income taxes		237,152		16,302
Income taxes from discontinued operations		59,353		4,103
Income from discontinued operations	$	177,799	$	12,199