However, in certain cases, interest may be taxed at the state level. For example, a California resident who buys a New York municipal bond would pay California income tax on that interest.

Calculate interest for notes using a 360-day year for accuracy. Record interest revenue as it accrues, before actual cash is received. Adjust entries for accrued interest to match revenue ...

Regional lender Trustmark (TRMK) said in its Q1 earnings presentation that the full-year 2025 net interest income is estimated to increase by mid-to-high single digits.