Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 173

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 173
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 provision for credit losses on loans of $9,650 in the third quarter of 2025 was primarily driven by loan growth and changes in credit metrics that influenced the Company’s expectations of future losses, including but not limited to the balance of nonperforming loans, underlying collateral values, and historical levels of charge-offs, all considered in the context of the existing balance of the allowance for credit losses.Allowance for Credit Losses on Unfunded Loan Commitments The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets. For more information about the Company’s policies and procedures for determining the amount of the allowance for credit losses on unfunded loan commitments, please refer to the discussion in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.The following table provides a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented. 

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Table of ContentsRenasant Corporation and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)

Three Months Ended September 30,20252024Allowance for credit losses on unfunded loan commitments:Beginning balance$23,565 $15,718 Provision for (recovery of) credit losses on unfunded loan commitments800 (275)Ending balance$24,365 $15,443 Nine Months Ended September 30,20252024Allowance for credit losses on unfunded loan commitments:Beginning balance$14,943 $16,918 Provision for (recovery of) credit losses on unfunded loan commitments9,422 (1,475)Ending balance$24,365 $15,443 The Company recorded a provision for credit losses on unfunded loan commitments of $800 during the third quarter of 2025, as compared to a recovery of credit losses on unfunded loan commitments of $275 recorded in the third quarter of 2024. The $800 provision for credit losses on unfunded commitments in the third quarter of 2025 was primarily driven by growth in the balance of unfunded loan commitments.

Note 6 – Other Real Estate Owned

(In Thousands)The following table provides details of the Company’s other real estate owned (“OREO”), net of valuation allowances and direct write-down