v3.26.1
Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers

Note 8 – 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, 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 months ended March 31, 2026 resulted in a net loss of $62 thousand, compared to a net loss of $77 thousand for the three months ended March 31, 2025.

The following tables present noninterest income disaggregated by reportable operating segment and revenue stream for the periods presented ($ in thousands):

 

 

Three Months Ended March 31, 2026

 

 

Three Months Ended March 31, 2025

 

 

 

Topic 606

 

 

Not Topic
606 (1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606 (1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,585

 

 

$

—

 

 

$

10,585

 

 

$

10,615

 

 

$

—

 

 

$

10,615

 

Bank card and other fees

 

 

7,094

 

 

 

863

 

 

 

7,957

 

 

 

7,380

 

 

 

245

 

 

 

7,625

 

Mortgage banking, net

 

 

—

 

 

 

8,934

 

 

 

8,934

 

 

 

—

 

 

 

8,771

 

 

 

8,771

 

Wealth management

 

 

153

 

 

 

—

 

 

 

153

 

 

 

181

 

 

 

—

 

 

 

181

 

Other, net

 

 

2,574

 

 

 

1,609

 

 

 

4,183

 

 

 

5,413

 

 

 

409

 

 

 

5,822

 

Total noninterest income

 

$

20,406

 

 

$

11,406

 

 

$

31,812

 

 

$

23,589

 

 

$

9,425

 

 

$

33,014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

69

 

 

$

—

 

 

$

69

 

 

$

21

 

 

$

—

 

 

$

21

 

Bank card and other fees

 

 

31

 

 

 

—

 

 

 

31

 

 

 

39

 

 

 

—

 

 

 

39

 

Wealth management

 

 

10,240

 

 

 

—

 

 

 

10,240

 

 

 

9,362

 

 

 

—

 

 

 

9,362

 

Other, net

 

 

97

 

 

 

96

 

 

 

193

 

 

 

52

 

 

 

96

 

 

 

148

 

Total noninterest income

 

$

10,437

 

 

$

96

 

 

$

10,533

 

 

$

9,474

 

 

$

96

 

 

$

9,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,654

 

 

$

—

 

 

$

10,654

 

 

$

10,636

 

 

$

—

 

 

$

10,636

 

Bank card and other fees

 

 

7,125

 

 

 

863

 

 

 

7,988

 

 

 

7,419

 

 

 

245

 

 

 

7,664

 

Mortgage banking, net

 

 

—

 

 

 

8,934

 

 

 

8,934

 

 

 

—

 

 

 

8,771

 

 

 

8,771

 

Wealth management

 

 

10,393

 

 

 

—

 

 

 

10,393

 

 

 

9,543

 

 

 

—

 

 

 

9,543

 

Other, net

 

 

2,671

 

 

 

1,705

 

 

 

4,376

 

 

 

5,465

 

 

 

505

 

 

 

5,970

 

Total noninterest income

 

$

30,843

 

 

$

11,502

 

 

$

42,345

 

 

$

33,063

 

 

$

9,521

 

 

$

42,584

 
(1)
Noninterest income 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.