Company: RNST
Filing Date: 2025-04-17
Form Type: CORRESP
Source: 0000715072-25-000131
Chunk: 0

Company: RENASANT CORP
Filing Date: 2025-04-17
Form: CORRESP
Chunk 0
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April 17, 2025 VIA EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attn: Michael Volley and Amit Pande Re: Renasant Corporation Form 10-K for Fiscal Year Ended December 31, 2024 File No. 001-13253 Dear Messrs. Volley and Pande: We are in receipt of the letter from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”), dated April 2, 2025, addressed to James C. Mabry IV, Chief Financial Officer of Renasant Corporation (the “Company,” “we” or “our”), regarding the above- referenced filing. We appreciate the Staff’s review of our filings. For your convenience, we have included the Staff comment below in boldface followed by our response. Form 10-K for Fiscal Year Ended December 31, 2024 Risk Management – Credit Risk and Allowance for Credit Losses on Loans and Unfunded Commitments, page 49 1. We note that the real estate – commercial mortgage portfolio represents 48% and the non-owner occupied portfolio represents 33% of your total loans held for investment at December 31, 2024. Given the significance of these higher risk loan portfolios and the impact on trends and uncertainties that are reasonably likely to have a material effect on revenues or continuing operations, please revise future filings to further disaggregate the composition of these and other higher risk loans at each period end by collateral type (e.g., by office, hotel, multifamily, etc.), other relevant concentrations (geographic, property type for office loans, etc.) and other characteristics (e.g., current weighted-average loan-to-value ratios, occupancy rates, etc.) to the extent material to an investor’s understanding of credit risk in your higher risk portfolios. As a component of the Company’s credit risk management processes, our credit administration personnel analyze our entire loan portfolio from multiple perspectives, including but not limited to origination channel, industry of the borrower, collateral type and location, loan- to-value ratios, commitment utilization and capital concentration limits. In addition, the Company’s ongoing credit monitoring procedures include, among other things, analyses of trends in asset quality metrics, such as past due and nonaccrual loans, classified and criticized loan ratios

and risk rating migrations. These procedures are designed to identify concentrations and other risk elements in our loan portfolio and/or credit deterioration in the