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)