Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 175

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 175
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898 $— $988,898 The following table provides a summary of finite-lived intangible assets as of the dates presented: Gross CarryingAmountAccumulatedAmortizationNet CarryingAmountSeptember 30, 2025Core deposit intangibles$242,102 $(89,733)$152,369 Customer relationship intangible7,670 (4,962)2,708 Total finite-lived intangible assets$249,772 $(94,695)$155,077 December 31, 2024Core deposit intangibles$82,492 $(71,881)$10,611 Customer relationship intangible7,670 (4,176)3,494 Total finite-lived intangible assets$90,162 $(76,057)$14,105 Amortization expense for finite-lived intangible assets is presented in the table below.Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Amortization expense for:  Core deposit intangibles$8,412 $862 $17,852 $2,664   Customer relationship intangible262 298 786 894 Total intangible amortization$8,674 $1,160 $18,638 $3,558 

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

The remaining weighted average life of finite-lived intangible assets is 9.00 years at September 30, 2025. The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2025 and the succeeding four years is summarized as follows:Core Deposit IntangiblesCustomer Relationship  IntangibleTotal2025$26,055 $1,048 $27,103 202630,732 860 31,592 202727,440 628 28,068 202823,337 483 23,820 202918,335 331 18,666  Thereafter44,322 144 $44,466 

Note 8 – Mortgage Servicing Rights

(In Thousands)The Company retains the right to service certain mortgage loans that it sells to secondary market investors. These mortgage servicing rights (“MSRs”) are recognized as a separate asset on the date the corresponding mortgage loan is sold. MSRs are amortized in proportion to and over