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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Noninterest Income Disaggregated by Reportable Operating Segment and Revenue Stream

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

 

 

Three Months Ended March 31, 2024

 

 

Three Months Ended March 31, 2023

 

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,936

 

 

$

 

 

$

10,936

 

 

$

10,315

 

 

$

 

 

$

10,315

 

Bank card and other fees

 

 

7,192

 

 

 

200

 

 

 

7,392

 

 

 

7,643

 

 

 

149

 

 

 

7,792

 

Mortgage banking, net

 

 

 

 

 

8,915

 

 

 

8,915

 

 

 

 

 

 

7,639

 

 

 

7,639

 

Wealth management

 

 

189

 

 

 

 

 

 

189

 

 

 

233

 

 

 

 

 

 

233

 

Other, net

 

 

3,348

 

 

 

(382

)

 

 

2,966

 

 

 

2,988

 

 

 

(608

)

 

 

2,380

 

Total noninterest income

 

$

21,665

 

 

$

8,733

 

 

$

30,398

 

 

$

21,179

 

 

$

7,180

 

 

$

28,359

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

22

 

 

$

 

 

$

22

 

 

$

21

 

 

$

 

 

$

21

 

Bank card and other fees

 

 

36

 

 

 

 

 

 

36

 

 

 

11

 

 

 

 

 

 

11

 

Wealth management

 

 

8,763

 

 

 

 

 

 

8,763

 

 

 

8,547

 

 

 

 

 

 

8,547

 

Other, net

 

 

42

 

 

 

94

 

 

 

136

 

 

 

45

 

 

 

95

 

 

 

140

 

Total noninterest income

 

$

8,863

 

 

$

94

 

 

$

8,957

 

 

$

8,624

 

 

$

95

 

 

$

8,719

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

15,464

 

 

$

 

 

$

15,464

 

 

$

14,305

 

 

$

 

 

$

14,305

 

Other, net

 

 

530

 

 

 

 

 

 

530

 

 

 

(6

)

 

 

 

 

 

(6

)

Total noninterest income

 

$

15,994

 

 

$

 

 

$

15,994

 

 

$

14,299

 

 

$

 

 

$

14,299

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,958

 

 

$

 

 

$

10,958

 

 

$

10,336

 

 

$

 

 

$

10,336

 

Bank card and other fees

 

 

7,228

 

 

 

200

 

 

 

7,428

 

 

 

7,654

 

 

 

149

 

 

 

7,803

 

Mortgage banking, net

 

 

 

 

 

8,915

 

 

 

8,915

 

 

 

 

 

 

7,639

 

 

 

7,639

 

Insurance commissions

 

 

15,464

 

 

 

 

 

 

15,464

 

 

 

14,305

 

 

 

 

 

 

14,305

 

Wealth management

 

 

8,952

 

 

 

 

 

 

8,952

 

 

 

8,780

 

 

 

 

 

 

8,780

 

Other, net

 

 

3,920

 

 

 

(288

)

 

 

3,632

 

 

 

3,027

 

 

 

(513

)

 

 

2,514

 

Total noninterest income

 

$

46,522

 

 

$

8,827

 

 

$

55,349

 

 

$

44,102

 

 

$

7,275

 

 

$

51,377

 

(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, accretion of the FDIC indemnification asset, 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 security gains (losses), net.