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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Noninterest Income (Loss) Disaggregated by Reportable Operating Segment and Revenue Stream

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

 

 

Three Months Ended September 30, 2024

 

 

Three Months Ended September 30, 2023

 

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

11,250

 

 

$

 

 

$

11,250

 

 

$

11,052

 

 

$

 

 

$

11,052

 

Bank card and other fees

 

 

7,661

 

 

 

218

 

 

 

7,879

 

 

 

7,332

 

 

 

873

 

 

 

8,205

 

Mortgage banking, net

 

 

 

 

 

6,119

 

 

 

6,119

 

 

 

 

 

 

6,458

 

 

 

6,458

 

Wealth management

 

 

175

 

 

 

 

 

 

175

 

 

 

202

 

 

 

 

 

 

202

 

Other, net

 

 

3,136

 

 

 

(337

)

 

 

2,799

 

 

 

2,843

 

 

 

(579

)

 

 

2,264

 

Total noninterest income (loss)

 

$

22,222

 

 

$

6,000

 

 

$

28,222

 

 

$

21,429

 

 

$

6,752

 

 

$

28,181

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

22

 

 

$

 

 

$

22

 

 

$

22

 

 

$

 

 

$

22

 

Bank card and other fees

 

 

52

 

 

 

 

 

 

52

 

 

 

12

 

 

 

 

 

 

12

 

Wealth management

 

 

9,113

 

 

 

 

 

 

9,113

 

 

 

8,571

 

 

 

 

 

 

8,571

 

Other, net

 

 

59

 

 

 

94

 

 

 

153

 

 

 

41

 

 

 

94

 

 

 

135

 

Total noninterest income

 

$

9,246

 

 

$

94

 

 

$

9,340

 

 

$

8,646

 

 

$

94

 

 

$

8,740

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

11,272

 

 

$

 

 

$

11,272

 

 

$

11,074

 

 

$

 

 

$

11,074

 

Bank card and other fees

 

 

7,713

 

 

 

218

 

 

 

7,931

 

 

 

7,344

 

 

 

873

 

 

 

8,217

 

Mortgage banking, net

 

 

 

 

 

6,119

 

 

 

6,119

 

 

 

 

 

 

6,458

 

 

 

6,458

 

Wealth management

 

 

9,288

 

 

 

 

 

 

9,288

 

 

 

8,773

 

 

 

 

 

 

8,773

 

Other, net

 

 

3,195

 

 

 

(243

)

 

 

2,952

 

 

 

2,884

 

 

 

(485

)

 

 

2,399

 

Total noninterest income (loss)

 

$

31,468

 

 

$

6,094

 

 

$

37,562

 

 

$

30,075

 

 

$

6,846

 

 

$

36,921

 

(1)
Noninterest income (loss) 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 security gains (losses), net.

 

 

 

Nine Months Ended September 30, 2024

 

 

Nine Months Ended September 30, 2023

 

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

33,089

 

 

$

 

 

$

33,089

 

 

$

32,040

 

 

$

 

 

$

32,040

 

Bank card and other fees

 

 

23,281

 

 

 

1,176

 

 

 

24,457

 

 

 

23,011

 

 

 

1,890

 

 

 

24,901

 

Mortgage banking, net

 

 

 

 

 

19,238

 

 

 

19,238

 

 

 

 

 

 

20,697

 

 

 

20,697

 

Wealth management

 

 

538

 

 

 

 

 

 

538

 

 

 

650

 

 

 

 

 

 

650

 

Other, net

 

 

13,735

 

 

 

(641

)

 

 

13,094

 

 

 

8,763

 

 

 

(1,516

)

 

 

7,247

 

Security gains (losses), net

 

 

 

 

 

(182,792

)

 

 

(182,792

)

 

 

 

 

 

 

 

 

 

Total noninterest income (loss)

 

$

70,643

 

 

$

(163,019

)

 

$

(92,376

)

 

$

64,464

 

 

$

21,071

 

 

$

85,535

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

65

 

 

$

 

 

$

65

 

 

$

65

 

 

$

 

 

$

65

 

Bank card and other fees

 

 

127

 

 

 

 

 

 

127

 

 

 

36

 

 

 

 

 

 

36

 

Wealth management

 

 

27,394

 

 

 

 

 

 

27,394

 

 

 

25,785

 

 

 

 

 

 

25,785

 

Other, net

 

 

139

 

 

 

282

 

 

 

421

 

 

 

122

 

 

 

285

 

 

 

407

 

Total noninterest income

 

$

27,725

 

 

$

282

 

 

$

28,007

 

 

$

26,008

 

 

$

285

 

 

$

26,293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

33,154

 

 

$

 

 

$

33,154

 

 

$

32,105

 

 

$

 

 

$

32,105

 

Bank card and other fees

 

 

23,408

 

 

 

1,176

 

 

 

24,584

 

 

 

23,047

 

 

 

1,890

 

 

 

24,937

 

Mortgage banking, net

 

 

 

 

 

19,238

 

 

 

19,238

 

 

 

 

 

 

20,697

 

 

 

20,697

 

Wealth management

 

 

27,932

 

 

 

 

 

 

27,932

 

 

 

26,435

 

 

 

 

 

 

26,435

 

Other, net

 

 

13,874

 

 

 

(359

)

 

 

13,515

 

 

 

8,885

 

 

 

(1,231

)

 

 

7,654

 

Security gains (losses), net

 

 

 

 

 

(182,792

)

 

 

(182,792

)

 

 

 

 

 

 

 

 

 

Total noninterest income (loss)

 

$

98,368

 

 

$

(162,737

)

 

$

(64,369

)

 

$

90,472

 

 

$

21,356

 

 

$

111,828

 

(1)
Noninterest income (loss) 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 security gains (losses), net.