Company: RNST
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000715072-25-000054
Chunk: 138

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 138
---
-GAAP financial information allows readers to more easily compare the Company’s results to information provided in other regulatory reports and the results of other companies. The reconciliations from GAAP to non-GAAP for these financial measures are below.

60

Return on average tangible shareholders’ equity and Return on average tangible assets202420232022Net income (GAAP)$195,457 $144,678 $166,068    Amortization of intangibles4,691 5,380 5,122 Tax effect of adjustment noted above (1)(1,173)(1,012)(1,119)Tangible net income (non-GAAP)$198,975 $149,046 $170,071 Average shareholders’ equity (GAAP)$2,466,384 $2,224,506 $2,184,603    Intangibles1,006,665 1,012,239 967,018 Average tangible shareholders’ equity (non-GAAP)$1,459,719 $1,212,267 $1,217,585 Average total assets (GAAP)$17,552,695 $17,231,883 $16,637,852    Intangibles1,006,665 1,012,239 967,018 Average tangible assets (non-GAAP)$16,546,030 $16,219,644 $15,670,834 Return on (average) shareholders’ equity (GAAP)7.92 %6.50 %7.60 %   Effect of adjustment for intangible assets5.71 %5.79 %6.37 %Return on average tangible shareholders’ equity (non-GAAP)13.63 %12.29 %13.97 %Return on (average) assets (GAAP)1.11 %0.84 %1.00 %   Effect of adjustment for intangible assets0.09 %0.08 %0.09 %Return on average tangible assets (non-GAAP)1.20 %0.92 %1.09 %

(1) Tax effect is calculated based on the applicable periods’ effective tax rate.

Tangible common equity ratio (Tangible shareholders’ equity to tangible assets)202420232022Shareholders’ equity (GAAP)$2,678,318 $2,297,383 $