Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 3

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 3
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PART I. FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS

Renasant Corporation and Subsidiaries

Consolidated Balance Sheets

(In Thousands, Except Share Data)

(Unaudited)June 30,2025December 31, 2024AssetsCash and due from banks$351,941 $198,408 Interest-bearing balances with banks1,026,671 893,624 Cash and cash equivalents1,378,612 1,092,032 Securities held to maturity (fair value of $984,359 and $1,002,544, respectively)1,076,817 1,126,112 Securities available for sale, at fair value2,471,487 831,013 Loans held for sale, at fair value356,791 246,171 Loans held for investment, net of unearned income18,563,447 12,885,020 Allowance for credit losses on loans(290,770)(201,756)Loans, net18,272,677 12,683,264 Premises and equipment, net465,100 279,796 Other real estate owned, net11,750 8,673 Goodwill1,419,782 988,898 Other intangible assets, net163,751 14,105 Bank-owned life insurance486,613 391,810 Mortgage servicing rights64,539 72,991 Other assets457,056 300,003 Total assets$26,624,975 $18,034,868 Liabilities and shareholders’ equityLiabilitiesDepositsNoninterest-bearing$5,356,153 $3,403,981 Interest-bearing16,226,484 11,168,631 Total deposits21,582,637 14,572,612 Short-term borrowings405,349 108,018 Long-term debt556,976 430,614 Other liabilities301,159 245,306 Total liabilities22,846,121 15,356,550 Shareholders’ equityPreferred stock, $0.01 par value – 5,000,000 shares authorized; no shares issued and outstanding— — Common stock, $5.00 par value – 250,000,000 and 150,000,000 shares authorized, respectively; 97,722,397 and 66,484,225 shares