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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Interest and fees on LHFS & LHFI $ 175,509 $ 90,275
Interest and fees on PPP loans   168
Interest on securities:    
Taxable 16,761 12,357
Tax exempt 73 96
Interest on federal funds sold and securities purchased under reverse repurchase agreements 30 0
Other interest income 6,527 817
Total Interest Income 198,900 103,713
Interest Expense    
Interest on deposits 40,898 2,760
Interest on federal funds purchased and securities sold under repurchase agreements 4,832 70
Other interest expense 15,575 1,539
Total Interest Expense 61,305 4,369
Net Interest Income 137,595 99,344
Provision for credit losses (PCL), LHFI 3,244 (860)
PCL, off-balance sheet credit exposures (2,242) (1,106)
Net Interest Income After PCL 136,593 101,310
Noninterest Income    
Service charges on deposit accounts 10,336 9,451
Bank card and other fees 7,803 8,442
Mortgage banking, net 7,639 9,873
Insurance commissions 14,305 14,089
Wealth management 8,780 9,054
Other, net 2,514 3,206
Total Noninterest Income 51,377 54,115
Noninterest Expense    
Salaries and employee benefits 74,056 69,585
Services and fees [1] 25,426 25,314
Net occupancy - premises 7,629 7,079
Equipment expense 6,405 6,061
Other expense [1] 14,811 13,480
Total Noninterest Expense 128,327 121,519
Income before income taxes 59,643 33,906
Income taxes 9,343 4,695
Net Income $ 50,300 $ 29,211
Earnings Per Share    
Basic $ 0.82 $ 0.47
Diluted $ 0.82 $ 0.47
[1] During the first quarter of 2023, Trustmark reclassified its debit card transaction fees from other expense to services and fees.

The prior period has been reclassified accordingly.