Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 72

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 72
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 the current rate environment.

The following tables set forth a summary of the changes in interest earned, on a tax equivalent basis, and interest paid resulting from changes in volume and rates for the Company for the three months ended March 31, 2025, as compared to the same period 

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in 2024 (the changes attributable to the combined impact of yield/rate and volume have been allocated on a pro-rata basis using the absolute value of amounts calculated):

Three Months Ended March 31, 2025 Compared to the Three Months Ended March 31, 2024VolumeRateNetInterest income:Loans held for investment$7,046 $(2,182)$4,864 Loans held for sale680 20 700 Securities:Taxable(41)1,507 1,466 Tax-exempt(56)(6)(62)Interest-bearing balances with banks2,885 (2,027)858 Total interest-earning assets10,514 (2,688)7,826 Interest expense:Interest-bearing demand deposits5,960 (3,750)2,210 Savings deposits(40)21 (19)Brokered deposits(5,987)— (5,987)Time deposits1,389 (820)569 Borrowed funds(54)(475)(529)Total interest-bearing liabilities1,268 (5,024)(3,756)Change in net interest income$9,246 $2,336 $11,582 

Interest income, on a tax equivalent basis, was $223,565 for the three months ended March 31, 2025, as compared to $215,739 for the same period in 2024. The increase in interest income, on a tax equivalent basis, for the three months ended March 31, 2025, as compared to the same time period in 2024 is due primarily to loan growth.

The following tables present the percentage of total average earning assets, by type and yield, for the periods presented:

 Percentage of Total Average Earning AssetsYieldThree Months EndedThree Months Ended March 31,March 31, 2025202420252024Loans held for investment80.36 %81.12 %6.24 %6.30 %Loans held for sale1.25 1.02 5.99 5.94 Securities13.28 14