TRUSTMARK CORP Revenue Disclosure
Note 12 – Revenue from Contracts with Customers
The Insurance Segment is included in discontinued operations for the years ended December 31, 2024 and 2023 in the accompanying consolidated statements of income. See Note 2 – Discontinued Operations for additional information about discontinued operations.
The following table presents noninterest income (loss) disaggregated by reportable operating segment and revenue stream for the periods presented ($ in thousands):
|
|
Year Ended December 31, 2025 |
|
|
Year Ended December 31, 2024 |
|
|
Year Ended December 31, 2023 |
|
|||||||||||||||||||||||||||
|
|
Topic 606 |
|
|
Not Topic |
|
|
Total |
|
|
Topic 606 |
|
|
Not Topic |
|
|
Total |
|
|
Topic 606 |
|
|
Not Topic |
|
|
Total |
|
|||||||||
General Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Service charges on |
|
$ |
43,477 |
|
|
$ |
— |
|
|
$ |
43,477 |
|
|
$ |
44,295 |
|
|
$ |
— |
|
|
$ |
44,295 |
|
|
$ |
43,329 |
|
|
$ |
— |
|
|
$ |
43,329 |
|
Bank card and other fees |
|
|
30,690 |
|
|
|
2,497 |
|
|
|
33,187 |
|
|
|
31,010 |
|
|
|
2,138 |
|
|
|
33,148 |
|
|
|
30,387 |
|
|
|
2,995 |
|
|
|
33,382 |
|
Mortgage banking, net |
|
|
— |
|
|
|
33,082 |
|
|
|
33,082 |
|
|
|
— |
|
|
|
26,626 |
|
|
|
26,626 |
|
|
|
— |
|
|
|
26,216 |
|
|
|
26,216 |
|
Wealth management |
|
|
713 |
|
|
|
— |
|
|
|
713 |
|
|
|
748 |
|
|
|
— |
|
|
|
748 |
|
|
|
838 |
|
|
|
— |
|
|
|
838 |
|
Other, net |
|
|
13,120 |
|
|
|
(382 |
) |
|
|
12,738 |
|
|
|
16,906 |
|
|
|
337 |
|
|
|
17,243 |
|
|
|
11,769 |
|
|
|
(2,076 |
) |
|
|
9,693 |
|
Securities gains (losses), |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(182,792 |
) |
|
|
(182,792 |
) |
|
|
— |
|
|
|
39 |
|
|
|
39 |
|
Total noninterest |
|
$ |
88,000 |
|
|
$ |
35,197 |
|
|
$ |
123,197 |
|
|
$ |
92,959 |
|
|
$ |
(153,691 |
) |
|
$ |
(60,732 |
) |
|
$ |
86,323 |
|
|
$ |
27,174 |
|
|
$ |
113,497 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Wealth Management |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Service charges on |
|
$ |
179 |
|
|
$ |
— |
|
|
$ |
179 |
|
|
$ |
87 |
|
|
$ |
— |
|
|
$ |
87 |
|
|
$ |
87 |
|
|
$ |
— |
|
|
$ |
87 |
|
Bank card and other fees |
|
|
195 |
|
|
|
— |
|
|
|
195 |
|
|
|
153 |
|
|
|
— |
|
|
|
153 |
|
|
|
57 |
|
|
|
— |
|
|
|
57 |
|
Wealth management |
|
|
39,399 |
|
|
|
— |
|
|
|
39,399 |
|
|
|
36,503 |
|
|
|
— |
|
|
|
36,503 |
|
|
|
34,254 |
|
|
|
— |
|
|
|
34,254 |
|
Other, net |
|
|
286 |
|
|
|
384 |
|
|
|
670 |
|
|
|
193 |
|
|
|
377 |
|
|
|
570 |
|
|
|
162 |
|
|
|
376 |
|
|
|
538 |
|
Total noninterest |
|
$ |
40,059 |
|
|
$ |
384 |
|
|
$ |
40,443 |
|
|
$ |
36,936 |
|
|
$ |
377 |
|
|
$ |
37,313 |
|
|
$ |
34,560 |
|
|
$ |
376 |
|
|
$ |
34,936 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Service charges on |
|
$ |
43,656 |
|
|
$ |
— |
|
|
$ |
43,656 |
|
|
$ |
44,382 |
|
|
$ |
— |
|
|
$ |
44,382 |
|
|
$ |
43,416 |
|
|
$ |
— |
|
|
$ |
43,416 |
|
Bank card and other fees |
|
|
30,885 |
|
|
|
2,497 |
|
|
|
33,382 |
|
|
|
31,163 |
|
|
|
2,138 |
|
|
|
33,301 |
|
|
|
30,444 |
|
|
|
2,995 |
|
|
|
33,439 |
|
Mortgage banking, net |
|
|
— |
|
|
|
33,082 |
|
|
|
33,082 |
|
|
|
— |
|
|
|
26,626 |
|
|
|
26,626 |
|
|
|
— |
|
|
|
26,216 |
|
|
|
26,216 |
|
Wealth management |
|
|
40,112 |
|
|
|
— |
|
|
|
40,112 |
|
|
|
37,251 |
|
|
|
— |
|
|
|
37,251 |
|
|
|
35,092 |
|
|
|
— |
|
|
|
35,092 |
|
Other, net |
|
|
13,406 |
|
|
|
2 |
|
|
|
13,408 |
|
|
|
17,099 |
|
|
|
714 |
|
|
|
17,813 |
|
|
|
11,931 |
|
|
|
(1,700 |
) |
|
|
10,231 |
|
Securities gains (losses), |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(182,792 |
) |
|
|
(182,792 |
) |
|
|
— |
|
|
|
39 |
|
|
|
39 |
|
Total noninterest |
|
$ |
128,059 |
|
|
$ |
35,581 |
|
|
$ |
163,640 |
|
|
$ |
129,895 |
|
|
$ |
(153,314 |
) |
|
$ |
(23,419 |
) |
|
$ |
120,883 |
|
|
$ |
27,550 |
|
|
$ |
148,433 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 15, 2024 | |
| 2022 | Feb 16, 2023 | |
| 2021 | Feb 17, 2022 | |
| 2020 | Feb 18, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 19, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.