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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest Income        
Interest and fees on LHFS & LHFI $ 189,573 $ 100,139 $ 365,082 $ 190,414
Interest and fees on PPP loans 0 184 0 352
Interest on securities:        
Taxable 16,779 14,561 33,540 26,918
Tax exempt 54 85 127 181
Interest on federal funds sold and securities purchased under reverse repurchase agreements 45 1 75 1
Other interest income 12,077 2,214 18,604 3,031
Total Interest Income 218,528 117,184 417,428 220,897
Interest Expense        
Interest on deposits 54,409 2,774 95,307 5,534
Interest on federal funds purchased and securities sold under repurchase agreements 4,865 70 9,697 140
Other interest expense 19,350 1,664 34,925 3,203
Total Interest Expense 78,624 4,508 139,929 8,877
Net Interest Income 139,904 112,676 277,499 212,020
Provision for credit losses (PCL), LHFI 8,211 2,716 11,455 1,856
PCL, off-balance sheet credit exposures 245 (1,568) (1,997) (2,674)
Net Interest Income After PCL 131,448 111,528 268,041 212,838
Noninterest Income        
Service charges on deposit accounts 10,695 10,226 21,031 19,677
Bank card and other fees 8,917 10,167 16,720 18,609
Mortgage banking, net 6,600 8,149 14,239 18,022
Insurance commissions 14,764 13,702 29,069 27,791
Wealth management 8,882 9,102 17,662 18,156
Other, net 3,695 1,907 6,209 5,113
Total Noninterest Income 53,553 53,253 104,930 107,368
Noninterest Expense        
Salaries and employee benefits 75,940 71,679 149,996 141,264
Services and fees [1] 28,264 25,659 53,690 50,973
Net occupancy - premises 7,108 6,892 14,737 13,971
Equipment expense 6,404 6,047 12,809 12,108
Other expense [1] 14,502 13,490 29,313 26,970
Total Noninterest Expense 132,218 123,767 260,545 245,286
Income before income taxes 52,783 41,014 112,426 74,920
Income taxes 7,746 6,730 17,089 11,425
Net Income $ 45,037 $ 34,284 $ 95,337 $ 63,495
Earnings Per Share        
Basic $ 0.74 $ 0.56 $ 1.56 $ 1.03
Diluted $ 0.74 $ 0.56 $ 1.56 $ 1.03
[1] During the first quarter of 2023, Trustmark reclassified its debit card transaction fees from other expense to services and fees.

The prior periods have been reclassified accordingly.