On May 31, 2024, TB completed the sale of its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc. (FBBI), to Marsh & McLennan Agency LLC (MMA) for approximately $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 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 (loss). Cash flows from both continuing and discontinued operations are included in the accompanying consolidated statements of cash flows.

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):


	Three Months Ended			Six Months Ended
	June 30, 2024			June 30, 2024
Noninterest income:
Insurance commissions	$	12,264		$	27,728
Gain on sale of discontinued operations, net		228,272			228,272
Other, net		(3	)		527
Total noninterest income		240,533			256,527
Noninterest expense:
Salaries and employee benefits		6,292			16,263
Services and fees		296			704
Net occupancy - premises		43			269
Equipment expense		33			93
Other expense		1,229			2,046
Total noninterest expense		7,893			19,375
Income from discontinued operations before income taxes		232,640			237,152
Income taxes from discontinued operations		58,203			59,353
Income from discontinued operations	$	174,437		$	177,799