Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 14

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 14
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153)(1,511)5,173,392 Premises and equipment174,770 (1,596)— 173,174 Bank-owned life insurance146,601 — — 146,601 Other real estate owned8,413 2,696 — 11,109 Core deposit intangible56,899 102,711 — 159,610 Other assets169,500 3,859 379 173,738 Total assets$7,675,566 $(116,255)$(958)$7,558,353 Deposits$6,456,784 $(7,391)$— 6,449,393 Borrowings422,067 (2,902)— 419,165 Other liabilities75,760 (15,903)61 59,918 Total liabilities$6,954,611 $(26,196)$61 $6,928,476 Net identifiable assets acquired over liabilities assumed$720,955 $(90,059)$(1,019)$629,877 Goodwill(1)272,520 158,364 (8,071)422,813 Net assets acquired over liabilities assumed$993,475 $68,305 $(9,090)$1,052,690 (1) The goodwill resulting from the merger has been assigned to the Community Banks operating segment.

10

The following table presents additional information related to the acquired loan portfolio at the acquisition date:April 1, 2025Purchased Credit-Deteriorated (“PCD”) loans:Par value$168,511 Allowance for credit losses at acquisition(25,003)Non-credit discount(4,021)Purchase price$139,487 Non-PCD loans:Fair value$5,032,996 Gross contractual amounts receivable5,233,447 Estimate of contractual cash flows not expected to be collected62,190 Supplemental Pro Forma Combined Condensed Consolidated Results of OperationsThe following unaudited pro forma combined condensed consolidated financial information presents the results of operations for the three and nine months ended September 30, 2025 and 2024 of the Company as though the merger with The First had been completed as of January 1, 2024. The unaudited pro forma information combines the historical results of The First with the Company’s historical consolidated results and applies the impact of purchase accounting adjustments