Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 54

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 54
---
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 

36

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 the period of estimated net servicing income. These servicing rights are carried at the lower of amortized cost or fair value. Fair value is determined using an income approach with various assumptions, including expected cash flows, prepayment speeds, market discount rates, servicing costs, and other factors, and is subject to significant