Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 87

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 87
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30, 2024Pre-taxAfter-taxImpact to Diluted EPSPre-taxAfter-taxImpact to Diluted EPSMerger and conversion related expenses$(17,494)$(13,129)$(0.14)$(11,273)$(9,456)$(0.15)Gain on sale of insurance agency— — — 53,349 38,951 0.63 Nine Months Ended September 30, 2025September 30, 2024Pre-taxAfter-taxImpact to Diluted EPSPre-taxAfter-taxImpact to Diluted EPSMerger and conversion related expenses$(38,764)$(29,561)$(0.35)$(11,273)$(9,456)$(0.16)Day 1 acquisition provision(66,612)(50,026)(0.59)— — — Gain on sale of MSR1,467 1,102 0.01 — — — Gain on sale of insurance agency— — — 53,349 38,951 0.67 

Net Interest Income

Net interest income, the difference between interest earned on assets and the cost of interest-bearing liabilities, is the largest component of our net income, comprising 83.21% of total revenue (i.e., net interest income on a fully taxable equivalent basis and noninterest income) for the third quarter of 2025. Changes in net interest income are driven by fluctuations in the volume, mix and repricing of assets and liabilities.

Net interest income was $223,520 and $576,576 for the three and nine months ended September 30, 2025, as compared to $130,998 and $379,314 for the same periods in 2024. On a tax equivalent basis, net interest income was $228,131 and $588,280 for the three and nine months ended September 30, 2025, as compared to $133,576 and $387,024 for the same periods in 2024. 

The following tables set forth average balance sheet data, including all major categories of interest-earning assets and interest-bearing liabilities, together with the interest earned or interest paid and the average yield or average rate paid on each such category on a tax-equivalent basis for the periods presented:

61

 Three Months Ended September 30, 20252024 AverageBalanceInterestIncome/ExpenseYield/RateAverageBalanceInterestIncome/ExpenseYield/