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Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2025
Stockholders' Equity Note [Abstract]  
Table of Actual Regulatory Capital Amounts and Ratios

The following table provides Trustmark’s and TB’s actual regulatory capital amounts and ratios under regulatory capital standards in effect at September 30, 2025 and December 31, 2024 ($ in thousands):

 

 

Actual

 

 

 

 

 

 

 

 

 

Regulatory Capital

 

 

Minimum

 

 

To Be Well

 

 

 

Amount

 

 

Ratio

 

 

Requirement

 

 

Capitalized

 

At September 30, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,812,783

 

 

 

11.88

%

 

 

7.00

%

 

n/a

 

Trustmark Bank

 

 

1,888,425

 

 

 

12.37

%

 

 

7.00

%

 

 

6.50

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,872,783

 

 

 

12.27

%

 

 

8.50

%

 

n/a

 

Trustmark Bank

 

 

1,888,425

 

 

 

12.37

%

 

 

8.50

%

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

2,187,443

 

 

 

14.33

%

 

 

10.50

%

 

n/a

 

Trustmark Bank

 

 

2,079,189

 

 

 

13.62

%

 

 

10.50

%

 

 

10.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Leverage (to Average Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,872,783

 

 

 

10.26

%

 

 

4.00

%

 

n/a

 

Trustmark Bank

 

 

1,888,425

 

 

 

10.35

%

 

 

4.00

%

 

 

5.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2024:

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,729,672

 

 

 

11.54

%

 

 

7.00

%

 

n/a

 

Trustmark Bank

 

 

1,828,044

 

 

 

12.20

%

 

 

7.00

%

 

 

6.50

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,789,672

 

 

 

11.94

%

 

 

8.50

%

 

n/a

 

Trustmark Bank

 

 

1,828,044

 

 

 

12.20

%

 

 

8.50

%

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

2,094,874

 

 

 

13.97

%

 

 

10.50

%

 

n/a

 

Trustmark Bank

 

 

2,009,544

 

 

 

13.41

%

 

 

10.50

%

 

 

10.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Leverage (to Average Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,789,672

 

 

 

9.99

%

 

 

4.00

%

 

n/a

 

Trustmark Bank

 

 

1,828,044

 

 

 

10.21

%

 

 

4.00

%

 

 

5.00

%

Net Change in Components of Accumulated Other Comprehensive Income (Loss) and the Related Tax Effects The following table presents the net change in the components of accumulated other comprehensive income (loss) and the related tax effects allocated to each component for the periods presented ($ in thousands).

 

 

Three Months Ended September 30, 2025

 

 

Three Months Ended September 30, 2024

 

 

 

Before Tax
Amount

 

 

Tax (Expense)
Benefit

 

 

Net of Tax
Amount

 

 

Before Tax
Amount

 

 

Tax (Expense)
Benefit

 

 

Net of Tax
Amount

 

Securities available for sale and transferred
   securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized holding gains (losses) arising
   during the period

 

$

9,714

 

 

$

(2,428

)

 

$

7,286

 

 

$

55,892

 

 

$

(13,973

)

 

$

41,919

 

Reclassification adjustment for net (gains) losses
   realized in net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized holding loss on
   securities transferred to held to maturity

 

 

3,422

 

 

 

(855

)

 

 

2,567

 

 

 

3,688

 

 

 

(922

)

 

 

2,766

 

Total securities available for sale
   and transferred securities

 

 

13,136

 

 

 

(3,283

)

 

 

9,853

 

 

 

59,580

 

 

 

(14,895

)

 

 

44,685

 

Pension and other postretirement benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments for changes
   realized in net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in prior service costs

 

 

4

 

 

 

(2

)

 

 

2

 

 

 

28

 

 

 

(7

)

 

 

21

 

Recognized net loss due to lump sum
   settlements

 

 

(29

)

 

 

8

 

 

 

(21

)

 

 

 

 

 

 

 

 

 

Change in net actuarial loss

 

 

61

 

 

 

(15

)

 

 

46

 

 

 

84

 

 

 

(21

)

 

 

63

 

Total pension and other postretirement
   benefit plans

 

 

36

 

 

 

(9

)

 

 

27

 

 

 

112

 

 

 

(28

)

 

 

84

 

Cash flow hedge derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in accumulated gain (loss) on effective
   cash flow hedge derivatives

 

 

(822

)

 

 

205

 

 

 

(617

)

 

 

18,826

 

 

 

(4,706

)

 

 

14,120

 

Reclassification adjustment for (gain) loss
   realized in net income

 

 

2,462

 

 

 

(616

)

 

 

1,846

 

 

 

4,831

 

 

 

(1,208

)

 

 

3,623

 

Total cash flow hedge derivatives

 

 

1,640

 

 

 

(411

)

 

 

1,229

 

 

 

23,657

 

 

 

(5,914

)

 

 

17,743

 

Total other comprehensive income (loss)

 

$

14,812

 

 

$

(3,703

)

 

$

11,109

 

 

$

83,349

 

 

$

(20,837

)

 

$

62,512

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2025

 

 

Nine Months Ended September 30, 2024

 

 

 

Before Tax
Amount

 

 

Tax (Expense)
Benefit

 

 

Net of Tax
Amount

 

 

Before Tax
Amount

 

 

Tax (Expense)
Benefit

 

 

Net of Tax
Amount

 

Securities available for sale and transferred
   securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized holding gains (losses) arising
   during the period

 

$

56,305

 

 

$

(14,076

)

 

$

42,229

 

 

$

47,579

 

 

$

(11,895

)

 

$

35,684

 

Reclassification adjustment for net (gains) losses
   realized in net income

 

 

 

 

 

 

 

 

 

 

 

182,792

 

 

 

(45,698

)

 

 

137,094

 

Change in net unrealized holding loss on
   securities transferred to held to maturity

 

 

10,297

 

 

 

(2,574

)

 

 

7,723

 

 

 

11,020

 

 

 

(2,755

)

 

 

8,265

 

Total securities available for sale
   and transferred securities

 

 

66,602

 

 

 

(16,650

)

 

 

49,952

 

 

 

241,391

 

 

 

(60,348

)

 

 

181,043

 

Pension and other postretirement benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments for changes
   realized in net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in prior service costs

 

 

11

 

 

 

(3

)

 

 

8

 

 

 

83

 

 

 

(21

)

 

 

62

 

Recognized net loss due to lump sum
   settlements

 

 

(79

)

 

 

20

 

 

 

(59

)

 

 

(13

)

 

 

3

 

 

 

(10

)

Change in net actuarial loss

 

 

193

 

 

 

(48

)

 

 

145

 

 

 

263

 

 

 

(65

)

 

 

198

 

Total pension and other postretirement
   benefit plans

 

 

125

 

 

 

(31

)

 

 

94

 

 

 

333

 

 

 

(83

)

 

 

250

 

Cash flow hedge derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in accumulated gain (loss) on effective
   cash flow hedge derivatives

 

 

11,155

 

 

 

(2,789

)

 

 

8,366

 

 

 

(2,007

)

 

 

502

 

 

 

(1,505

)

Reclassification adjustment for (gain) loss
   realized in net income

 

 

7,823

 

 

 

(1,956

)

 

 

5,867

 

 

 

14,520

 

 

 

(3,630

)

 

 

10,890

 

Total cash flow hedge derivatives

 

 

18,978

 

 

 

(4,745

)

 

 

14,233

 

 

 

12,513

 

 

 

(3,128

)

 

 

9,385

 

Total other comprehensive income (loss)

 

$

85,705

 

 

$

(21,426

)

 

$

64,279

 

 

$

254,237

 

 

$

(63,559

)

 

$

190,678

 

Summary of Changes in Balances of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in the balances of each component of accumulated other comprehensive income (loss) for the periods presented ($ in thousands). All amounts are presented net of tax.

 

Securities
Available
for Sale
and Transferred
Securities

 

 

Defined
Benefit
Pension Items

 

 

Cash Flow
Hedge
Derivatives

 

 

Total

 

Balance at January 1, 2025

$

(66,885

)

 

$

(4,721

)

 

$

(12,053

)

 

$

(83,659

)

Other comprehensive income (loss) before
   reclassification

 

49,952

 

 

 

 

 

 

8,366

 

 

 

58,318

 

Amounts reclassified from accumulated other
   comprehensive income (loss)

 

 

 

 

94

 

 

 

5,867

 

 

 

5,961

 

Net other comprehensive income (loss)

 

49,952

 

 

 

94

 

 

 

14,233

 

 

 

64,279

 

Balance at September 30, 2025

$

(16,933

)

 

$

(4,627

)

 

$

2,180

 

 

$

(19,380

)

 

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2024

$

(204,670

)

 

$

(6,075

)

 

$

(8,978

)

 

$

(219,723

)

Other comprehensive income (loss) before
   reclassification

 

43,949

 

 

 

 

 

 

(1,505

)

 

 

42,444

 

Amounts reclassified from accumulated other
   comprehensive income (loss)

 

137,094

 

 

 

250

 

 

 

10,890

 

 

 

148,234

 

Net other comprehensive income (loss)

 

181,043

 

 

 

250

 

 

 

9,385

 

 

 

190,678

 

Balance at September 30, 2024

$

(23,627

)

 

$

(5,825

)

 

$

407

 

 

$

(29,045

)