Company: RNST
Filing Date: 2025-04-17
Form Type: CORRESP
Source: 0000715072-25-000131
Chunk: 1

Company: RENASANT CORP
Filing Date: 2025-04-17
Form: CORRESP
Chunk 1
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 overall portfolio or individual segments. We acknowledge the Commission’s observations with respect to our higher risk loan portfolios, including our total real estate – commercial mortgage portfolio and the non-owner occupied segment within that portfolio. We will incorporate into future periodic filings disaggregated information on the composition of loans in these segments similar to the disaggregated information that we have presented in our quarterly earnings releases and related presentation materials. We also intend to provide in future filings other disaggregated information relating to these and other portfolio segments, such as concentrations by industry, collateral type, geography or other characteristics, that we determine is likely to be material to an investor’s understanding of how we view credit risk in our various loan portfolios. 2. We note the increase in your nonperforming loans at December 31, 2024 when compared to December 31, 2023, along with your disclosure that the increase is primarily due to current macroeconomic conditions, and that credit risk is monitored and managed on an ongoing basis. Please revise future filings to clarify in additional detail the specific risk management policies, procedures or other actions undertaken by management in response to the current economic environment. The Company evaluates the sensitivity of industry sectors, loan types and underlying collateral to changes in macroeconomic factors. Such factors include, but are not limited to, changes in interest rates, inflation on the cost of goods, labor costs, and supply chain disruptions. When we conclude that these macroeconomic factors indicate a heightened level of credit risk in our portfolio, we expand our risk management procedures to include greater oversight of past due loans, documented plans for problem asset resolution, enhanced monitoring of our overall portfolio, and targeted reviews of loans in categories more susceptible to the deterioration of the macroeconomic factors that we have identified as heightening our credit risk. These expanded risk management procedures help us manage credit risk and adjust production activity so that the Company’s aggregate loan mix is consistent with the risk tolerances approved by our Board of Directors. We intend to provide in future filings additional details regarding specific risk management practices and procedures or other actions taken by management in response to macroeconomic conditions to the extent material to an investor’s understanding of the Company’s monitoring and management of credit risk. If you have any additional questions or require further information, please do not hesitate to contact me at (662) 680-1281 or jim.mabry@renasant.com Sincerely, James C. Mabry IV Chief Financial Officer cc: Mark W. Jeanfreau Mark A. Fullmer