| Schedule of Segment Information |
The following table discloses financial information by reportable segment for the periods presented ($ in thousands):
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Years Ended December 31, |
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2022 |
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2021 |
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2020 |
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General Banking |
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Net interest income |
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$ |
489,398 |
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|
$ |
413,201 |
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|
$ |
420,225 |
|
PCL (1) |
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|
22,913 |
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(24,439 |
) |
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|
45,058 |
|
Noninterest income |
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|
116,350 |
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|
137,874 |
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|
197,691 |
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Noninterest expense (1) |
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|
531,397 |
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|
421,561 |
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|
401,810 |
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Income before income taxes |
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|
51,438 |
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|
153,953 |
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|
171,048 |
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Income taxes |
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(3,683 |
) |
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|
22,706 |
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|
25,109 |
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General banking net income |
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$ |
55,121 |
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$ |
131,247 |
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$ |
145,939 |
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Selected Financial Information |
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Total assets |
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$ |
17,710,673 |
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$ |
17,275,438 |
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$ |
16,226,358 |
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Depreciation and amortization |
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$ |
38,909 |
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$ |
44,776 |
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$ |
40,351 |
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Wealth Management |
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Net interest income |
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$ |
5,321 |
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$ |
5,161 |
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$ |
6,082 |
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PCL |
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|
(21 |
) |
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(9 |
) |
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(11 |
) |
Noninterest income |
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35,072 |
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|
35,420 |
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|
31,634 |
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Noninterest expense |
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32,873 |
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|
31,721 |
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|
30,318 |
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Income before income taxes |
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|
7,541 |
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|
8,869 |
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|
7,409 |
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Income taxes |
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|
1,870 |
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|
2,219 |
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|
1,853 |
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Wealth Management net income |
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$ |
5,671 |
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$ |
6,650 |
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$ |
5,556 |
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Selected Financial Information |
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Total assets |
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$ |
214,313 |
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$ |
232,997 |
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$ |
242,429 |
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Depreciation and amortization |
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$ |
288 |
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$ |
269 |
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$ |
274 |
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Insurance |
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Net interest income |
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$ |
(11 |
) |
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$ |
(11 |
) |
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$ |
230 |
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Noninterest income |
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53,722 |
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48,616 |
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|
45,268 |
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Noninterest expense |
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38,943 |
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|
36,014 |
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|
34,173 |
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Income before income taxes |
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|
14,768 |
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|
12,591 |
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|
11,325 |
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Income taxes |
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|
3,673 |
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|
3,123 |
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|
2,795 |
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Insurance net income |
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$ |
11,095 |
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$ |
9,468 |
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$ |
8,530 |
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Selected Financial Information |
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Total assets |
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$ |
90,492 |
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$ |
87,201 |
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$ |
83,053 |
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Depreciation and amortization |
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$ |
685 |
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$ |
768 |
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$ |
700 |
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Consolidated |
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Net interest income |
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$ |
494,708 |
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$ |
418,351 |
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$ |
426,537 |
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PCL (1) |
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22,892 |
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(24,448 |
) |
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|
45,047 |
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Noninterest income |
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|
205,144 |
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|
221,910 |
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|
274,593 |
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Noninterest expense (1) |
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|
603,213 |
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|
489,296 |
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|
466,301 |
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Income before income taxes |
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73,747 |
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|
175,413 |
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|
189,782 |
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Income taxes |
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|
1,860 |
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|
28,048 |
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|
29,757 |
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Consolidated net income |
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$ |
71,887 |
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$ |
147,365 |
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$ |
160,025 |
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Selected Financial Information |
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Total assets |
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$ |
18,015,478 |
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$ |
17,595,636 |
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$ |
16,551,840 |
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Depreciation and amortization |
|
$ |
39,882 |
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$ |
45,813 |
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$ |
41,325 |
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(1)During 2021, Trustmark reclassified its credit loss expense related to off-balance sheet credit exposures from noninterest expense to PCL, off-balance sheet credit exposures. Prior periods have been reclassified accordingly.
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