XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest Income        
Interest and fees on LHFS & LHFI $ 126,441 $ 91,182 $ 316,855 $ 272,515
Interest and fees on PPP loans 186 1,533 538 36,329
Interest on securities:        
Taxable 16,222 9,973 43,140 27,902
Tax exempt 79 104 260 451
Interest on federal funds sold and securities purchased under reverse repurchase agreements 2 0 3 0
Other interest income 1,493 949 4,524 1,941
Total Interest Income 144,423 103,741 365,320 339,138
Interest Expense        
Interest on deposits 5,097 3,691 10,631 13,544
Interest on federal funds purchased and securities sold under repurchase agreements 1,225 51 1,365 166
Other interest expense 1,996 1,733 5,199 5,403
Total Interest Expense 8,318 5,475 17,195 19,113
Net Interest Income 136,105 98,266 348,125 320,025
Provision for credit losses (PCL), LHFI 12,919 (2,492) 14,775 (16,984)
PCL, off-balance sheet credit exposures (1,326) (1,049) (4,000) (5,888)
Net Interest Income After PCL 124,512 101,807 337,350 342,897
Noninterest Income        
Service charges on deposit accounts 11,318 8,911 30,995 23,880
Bank card and other fees 9,305 8,549 27,914 26,322
Mortgage banking, net 6,876 14,004 24,898 52,141
Insurance commissions 13,911 12,133 41,702 36,795
Wealth management 8,778 9,071 26,934 26,433
Other, net 2,418 1,481 7,531 5,572
Total Noninterest Income 52,606 54,149 159,974 171,143
Noninterest Expense        
Salaries and employee benefits 72,707 74,623 213,971 215,900
Services and fees 25,795 22,306 74,786 66,559
Net occupancy - premises 7,395 6,854 21,366 20,227
Equipment expense 6,072 5,941 18,180 17,752
Other expense [1] 14,729 19,876 43,681 49,389
Total Noninterest Expense 126,698 129,600 371,984 369,827
Income before income taxes 50,420 26,356 125,340 144,213
Income taxes 7,965 5,156 19,390 23,070
Net Income $ 42,455 $ 21,200 $ 105,950 $ 121,143
Earnings Per Share        
Basic $ 0.69 $ 0.34 $ 1.73 $ 1.92
Diluted $ 0.69 $ 0.34 $ 1.72 $ 1.92
[1] During the first quarter of 2022, Trustmark reclassified its other real estate expense, net to other expense. The prior period has been reclassified accordingly.