v3.26.1
Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2026 resulted in a net loss of $507 thousand and $569 thousand, respectively, compared to a net loss of $68 thousand and $144 thousand for the three and six months ended June 30, 2025, respectively.

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

 

 

Three Months Ended June 30, 2026

 

 

Three Months Ended June 30, 2025

 

 

 

Topic 606

 

 

Not Topic
606 (1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606 (1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,299

 

 

$

—

 

 

$

10,299

 

 

$

10,562

 

 

$

—

 

 

$

10,562

 

Bank card and other fees

 

 

7,853

 

 

 

889

 

 

 

8,742

 

 

 

7,968

 

 

 

748

 

 

 

8,716

 

Mortgage banking, net

 

 

—

 

 

 

8,914

 

 

 

8,914

 

 

 

—

 

 

 

8,602

 

 

 

8,602

 

Wealth management

 

 

161

 

 

 

—

 

 

 

161

 

 

 

196

 

 

 

—

 

 

 

196

 

Other, net

 

 

2,318

 

 

 

1,079

 

 

 

3,397

 

 

 

2,388

 

 

 

(224

)

 

 

2,164

 

Total noninterest income

 

$

20,631

 

 

$

10,882

 

 

$

31,513

 

 

$

21,114

 

 

$

9,126

 

 

$

30,240

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

76

 

 

$

—

 

 

$

76

 

 

$

23

 

 

$

—

 

 

$

23

 

Bank card and other fees

 

 

1

 

 

 

—

 

 

 

1

 

 

 

38

 

 

 

—

 

 

 

38

 

Wealth management

 

 

10,761

 

 

 

—

 

 

 

10,761

 

 

 

9,442

 

 

 

—

 

 

 

9,442

 

Other, net

 

 

89

 

 

 

131

 

 

 

220

 

 

 

54

 

 

 

93

 

 

 

147

 

Total noninterest income

 

$

10,927

 

 

$

131

 

 

$

11,058

 

 

$

9,557

 

 

$

93

 

 

$

9,650

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,375

 

 

$

—

 

 

$

10,375

 

 

$

10,585

 

 

$

—

 

 

$

10,585

 

Bank card and other fees

 

 

7,854

 

 

 

889

 

 

 

8,743

 

 

 

8,006

 

 

 

748

 

 

 

8,754

 

Mortgage banking, net

 

 

—

 

 

 

8,914

 

 

 

8,914

 

 

 

—

 

 

 

8,602

 

 

 

8,602

 

Wealth management

 

 

10,922

 

 

 

—

 

 

 

10,922

 

 

 

9,638

 

 

 

—

 

 

 

9,638

 

Other, net

 

 

2,407

 

 

 

1,210

 

 

 

3,617

 

 

 

2,442

 

 

 

(131

)

 

 

2,311

 

Total noninterest income

 

$

31,558

 

 

$

11,013

 

 

$

42,571

 

 

$

30,671

 

 

$

9,219

 

 

$

39,890

 
(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.

 

 

 

 

Six Months Ended June 30, 2026

 

 

Six Months Ended June 30, 2025

 

 

 

Topic 606

 

 

Not Topic
606 (1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606 (1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

20,884

 

 

$

—

 

 

$

20,884

 

 

$

21,177

 

 

$

—

 

 

$

21,177

 

Bank card and other fees

 

 

14,947

 

 

 

1,752

 

 

 

16,699

 

 

 

15,348

 

 

 

993

 

 

 

16,341

 

Mortgage banking, net

 

 

—

 

 

 

17,848

 

 

 

17,848

 

 

 

—

 

 

 

17,373

 

 

 

17,373

 

Wealth management

 

 

314

 

 

 

—

 

 

 

314

 

 

 

377

 

 

 

—

 

 

 

377

 

Other, net

 

 

4,892

 

 

 

2,688

 

 

 

7,580

 

 

 

7,801

 

 

 

185

 

 

 

7,986

 

Total noninterest income

 

$

41,037

 

 

$

22,288

 

 

$

63,325

 

 

$

44,703

 

 

$

18,551

 

 

$

63,254

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

145

 

 

$

—

 

 

$

145

 

 

$

44

 

 

$

—

 

 

$

44

 

Bank card and other fees

 

 

32

 

 

 

—

 

 

 

32

 

 

 

77

 

 

 

—

 

 

 

77

 

Wealth management

 

 

21,001

 

 

 

—

 

 

 

21,001

 

 

 

18,804

 

 

 

—

 

 

 

18,804

 

Other, net

 

 

186

 

 

 

227

 

 

 

413

 

 

 

106

 

 

 

189

 

 

 

295

 

Total noninterest income

 

$

21,364

 

 

$

227

 

 

$

21,591

 

 

$

19,031

 

 

$

189

 

 

$

19,220

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

21,029

 

 

$

—

 

 

$

21,029

 

 

$

21,221

 

 

$

—

 

 

$

21,221

 

Bank card and other fees

 

 

14,979

 

 

 

1,752

 

 

 

16,731

 

 

 

15,425

 

 

 

993

 

 

 

16,418

 

Mortgage banking, net

 

 

—

 

 

 

17,848

 

 

 

17,848

 

 

 

—

 

 

 

17,373

 

 

 

17,373

 

Wealth management

 

 

21,315

 

 

 

—

 

 

 

21,315

 

 

 

19,181

 

 

 

—

 

 

 

19,181

 

Other, net

 

 

5,078

 

 

 

2,915

 

 

 

7,993

 

 

 

7,907

 

 

 

374

 

 

 

8,281

 

Total noninterest income

 

$

62,401

 

 

$

22,515

 

 

$

84,916

 

 

$

63,734

 

 

$

18,740

 

 

$

82,474

 
(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.