Shareholders' Equity (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| Stockholders' Equity Note [Abstract] |
|
| Table of Actual Regulatory Capital Amounts and Ratios |
The following table provides Trustmark’s and TB’s actual regulatory capital amounts and ratios under regulatory capital standards in effect at March 31, 2026 and December 31, 2025 ($ in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actual |
|
|
|
|
|
|
|
|
|
Regulatory Capital |
|
|
Minimum |
|
|
To Be Well |
|
|
|
Amount |
|
|
Ratio |
|
|
Requirement |
|
|
Capitalized |
|
At March 31, 2026: |
|
|
|
|
|
|
|
|
|
|
|
|
Common Equity Tier 1 Capital (to Risk Weighted Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
Trustmark Corporation |
|
$ |
1,835,118 |
|
|
|
11.70 |
% |
|
|
7.00 |
% |
|
n/a |
|
Trustmark Bank |
|
|
1,923,825 |
|
|
|
12.27 |
% |
|
|
7.00 |
% |
|
|
6.50 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier 1 Capital (to Risk Weighted Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
Trustmark Corporation |
|
$ |
1,895,118 |
|
|
|
12.09 |
% |
|
|
8.50 |
% |
|
n/a |
|
Trustmark Bank |
|
|
1,923,825 |
|
|
|
12.27 |
% |
|
|
8.50 |
% |
|
|
8.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Capital (to Risk Weighted Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
Trustmark Corporation |
|
$ |
2,253,594 |
|
|
|
14.37 |
% |
|
|
10.50 |
% |
|
n/a |
|
Trustmark Bank |
|
|
2,110,259 |
|
|
|
13.46 |
% |
|
|
10.50 |
% |
|
|
10.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier 1 Leverage (to Average Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
Trustmark Corporation |
|
$ |
1,895,118 |
|
|
|
10.19 |
% |
|
|
4.00 |
% |
|
n/a |
|
Trustmark Bank |
|
|
1,923,825 |
|
|
|
10.35 |
% |
|
|
4.00 |
% |
|
|
5.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2025: |
|
|
|
|
|
|
|
|
|
|
|
|
Common Equity Tier 1 Capital (to Risk Weighted Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
Trustmark Corporation |
|
$ |
1,814,295 |
|
|
|
11.72 |
% |
|
|
7.00 |
% |
|
n/a |
|
Trustmark Bank |
|
|
1,908,101 |
|
|
|
12.33 |
% |
|
|
7.00 |
% |
|
|
6.50 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier 1 Capital (to Risk Weighted Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
Trustmark Corporation |
|
$ |
1,874,295 |
|
|
|
12.11 |
% |
|
|
8.50 |
% |
|
n/a |
|
Trustmark Bank |
|
|
1,908,101 |
|
|
|
12.33 |
% |
|
|
8.50 |
% |
|
|
8.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Capital (to Risk Weighted Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
Trustmark Corporation |
|
$ |
2,231,283 |
|
|
|
14.41 |
% |
|
|
10.50 |
% |
|
n/a |
|
Trustmark Bank |
|
|
2,093,123 |
|
|
|
13.52 |
% |
|
|
10.50 |
% |
|
|
10.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier 1 Leverage (to Average Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
Trustmark Corporation |
|
$ |
1,874,295 |
|
|
|
10.18 |
% |
|
|
4.00 |
% |
|
n/a |
|
Trustmark Bank |
|
|
1,908,101 |
|
|
|
10.37 |
% |
|
|
4.00 |
% |
|
|
5.00 |
% |
|
| Net Change in Components of Accumulated Other Comprehensive Income (Loss) and the Related Tax Effects |
The following table presents the net change in the components of accumulated other comprehensive income (loss) and the related tax effects allocated to each component for the periods presented ($ in thousands).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2026 |
|
|
Three Months Ended March 31, 2025 |
|
|
|
Before Tax
Amount |
|
|
Tax (Expense)
Benefit |
|
|
Net of Tax
Amount |
|
|
Before Tax
Amount |
|
|
Tax (Expense)
Benefit |
|
|
Net of Tax
Amount |
|
Securities available for sale and transferred
securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized holding gains (losses) arising
during the period |
|
$ |
(16,686 |
) |
|
$ |
4,171 |
|
|
$ |
(12,515 |
) |
|
$ |
32,599 |
|
|
$ |
(8,149 |
) |
|
$ |
24,450 |
|
Reclassification adjustment for net (gains) losses
realized in net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Change in net unrealized holding loss on
securities transferred to held to maturity |
|
|
2,959 |
|
|
|
(740 |
) |
|
|
2,219 |
|
|
|
3,425 |
|
|
|
(856 |
) |
|
|
2,569 |
|
Total securities available for sale
and transferred securities |
|
|
(13,727 |
) |
|
|
3,431 |
|
|
|
(10,296 |
) |
|
|
36,024 |
|
|
|
(9,005 |
) |
|
|
27,019 |
|
Pension and other postretirement benefit plans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassification adjustments for changes
realized in net income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in prior service costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4 |
|
|
|
(1 |
) |
|
|
3 |
|
Recognized net loss due to lump sum
settlements |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(50 |
) |
|
|
12 |
|
|
|
(38 |
) |
Change in net actuarial loss |
|
|
85 |
|
|
|
(21 |
) |
|
|
64 |
|
|
|
71 |
|
|
|
(17 |
) |
|
|
54 |
|
Total pension and other postretirement
benefit plans |
|
|
85 |
|
|
|
(21 |
) |
|
|
64 |
|
|
|
25 |
|
|
|
(6 |
) |
|
|
19 |
|
Cash flow hedge derivatives: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in accumulated gain (loss) on effective
cash flow hedge derivatives |
|
|
(5,707 |
) |
|
|
1,427 |
|
|
|
(4,280 |
) |
|
|
7,879 |
|
|
|
(1,970 |
) |
|
|
5,909 |
|
Reclassification adjustment for (gain) loss
realized in net income |
|
|
935 |
|
|
|
(234 |
) |
|
|
701 |
|
|
|
2,680 |
|
|
|
(670 |
) |
|
|
2,010 |
|
Total cash flow hedge derivatives |
|
|
(4,772 |
) |
|
|
1,193 |
|
|
|
(3,579 |
) |
|
|
10,559 |
|
|
|
(2,640 |
) |
|
|
7,919 |
|
Total other comprehensive income (loss) |
|
$ |
(18,414 |
) |
|
$ |
4,603 |
|
|
$ |
(13,811 |
) |
|
$ |
46,608 |
|
|
$ |
(11,651 |
) |
|
$ |
34,957 |
|
|
| Summary of Changes in Balances of Accumulated Other Comprehensive Income (Loss) |
The following table presents the changes in the balances of each component of accumulated other comprehensive income (loss) for the periods presented ($ in thousands). All amounts are presented net of tax.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities
Available for Sale
and Transferred
Securities |
|
|
Defined
Benefit
Pension Items |
|
|
Cash Flow
Hedge
Derivatives |
|
|
Total |
|
Balance at January 1, 2026 |
$ |
(10,518 |
) |
|
$ |
(5,169 |
) |
|
$ |
2,062 |
|
|
$ |
(13,625 |
) |
Other comprehensive income (loss) before
reclassification |
|
(10,296 |
) |
|
|
— |
|
|
|
(4,280 |
) |
|
|
(14,576 |
) |
Amounts reclassified from accumulated other
comprehensive income (loss) |
|
— |
|
|
|
64 |
|
|
|
701 |
|
|
|
765 |
|
Net other comprehensive income (loss) |
|
(10,296 |
) |
|
|
64 |
|
|
|
(3,579 |
) |
|
|
(13,811 |
) |
Balance at March 31, 2026 |
$ |
(20,814 |
) |
|
$ |
(5,105 |
) |
|
$ |
(1,517 |
) |
|
$ |
(27,436 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1, 2025 |
$ |
(66,885 |
) |
|
$ |
(4,721 |
) |
|
$ |
(12,053 |
) |
|
$ |
(83,659 |
) |
Other comprehensive income (loss) before
reclassification |
|
27,019 |
|
|
|
— |
|
|
|
5,909 |
|
|
|
32,928 |
|
Amounts reclassified from accumulated other
comprehensive income (loss) |
|
— |
|
|
|
19 |
|
|
|
2,010 |
|
|
|
2,029 |
|
Net other comprehensive income (loss) |
|
27,019 |
|
|
|
19 |
|
|
|
7,919 |
|
|
|
34,957 |
|
Balance at March 31, 2025 |
$ |
(39,866 |
) |
|
$ |
(4,702 |
) |
|
$ |
(4,134 |
) |
|
$ |
(48,702 |
) |
|