Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Parent Company Only Financial Information

Note 21 – Parent Company Only Financial Information

($ in thousands)


Condensed Balance Sheets	December 31,
	2025		2024
Assets:
Investment in banks	$	2,217,339	$	2,062,555
Other assets		141,547		86,907
Total Assets	$	2,358,886	$	2,149,462

Liabilities and Shareholders' Equity:
Accrued expense	$	3,387	$	1,577
Subordinated notes		171,966		123,702
Junior subordinated debt securities		61,856		61,856
Shareholders' equity		2,121,677		1,962,327
Total Liabilities and Shareholders' Equity	$	2,358,886	$	2,149,462


Condensed Statements of Income	Years Ended December 31,
	2025		2024		2023
Revenue:
Dividends received from banks	$	155,440	$	82,536	$	67,189
Earnings of subsidiaries over distributions		78,537		148,884		106,388
Other income		156		165		163
Total Revenue		234,133		231,585		173,740
Expense:
Other expense		9,998		8,576		8,251
Total Expense		9,998		8,576		8,251
Net Income	$	224,135	$	223,009	$	165,489


Condensed Statements of Cash Flows	Years Ended December 31,
	2025			2024			2023
Operating Activities:
Net income	$	224,135		$	223,009		$	165,489
Adjustments to reconcile net income to net cash provided by operating activities:
Net change in investment in subsidiaries		(78,537	)		(148,884	)		(106,388	)
Other		605			(835	)		(797	)
Net cash from operating activities		146,203			73,290			58,304

Financing Activities:
Net proceeds from subordinated notes		171,936			—			—
Payment of subordinated notes		(125,000	)		—			—
Common stock dividends		(58,456	)		(56,790	)		(56,653	)
Repurchase and retirement of common stock		(80,036	)		(7,499	)		—
Net cash from financing activities		(91,556	)		(64,289	)		(56,653	)
Net change in cash and cash equivalents		54,647			9,001			1,651
Cash and cash equivalents at beginning of year		86,512			77,511			75,860
Cash and cash equivalents at end of year	$	141,159		$	86,512		$	77,511

Trustmark paid income taxes of $52.2 million in 2025, $21.5 million in 2024 and $38.8 million in 2023. Trustmark (parent company only) paid interest of $4.5 million in 2025, 2024 and 2023.