Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 4

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 4
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 respectively332,421 332,421 Treasury stock, at cost – 2,744,758 and 2,918,535 shares, respectively(91,646)(97,196)Additional paid-in capital1,486,849 1,491,847 Retained earnings1,121,102 1,093,854 Accumulated other comprehensive loss, net of taxes(121,621)(142,608)Total shareholders’ equity2,727,105 2,678,318 Total liabilities and shareholders’ equity$18,271,381 $18,034,868 

See Notes to Consolidated Financial Statements.    

1

Table of Contents

Renasant Corporation and Subsidiaries

Consolidated Statements of Income (Unaudited)

(In Thousands, Except Share Data)

Three Months Ended March 31, 20252024Interest incomeLoans$199,574 $194,698 SecuritiesTaxable10,971 9,505 Tax-exempt1,146 1,195 Other8,639 7,781 Total interest income220,330 213,179 Interest expenseDeposits79,386 82,613 Borrowings6,747 7,276 Total interest expense86,133 89,889 Net interest income134,197 123,290 Provision for credit losses on loans2,050 2,638 Provision for (recovery of) credit losses on unfunded commitments2,700 (200)Provision for credit losses4,750 2,438 Net interest income after provision for credit losses129,447 120,852 Noninterest incomeService charges on deposit accounts10,364 10,506 Fees and commissions3,860 3,949 Insurance commissions— 2,716 Wealth management revenue7,067 5,669 Mortgage banking income8,147 11,370 Gain on debt extinguishment— 56 BOLI income2,929 2,691 Other4,101 4,424 Total noninterest income36,468 41,381 Noninterest expenseSalaries and employee benefits71,957 71,470 Data processing4,089 3,807 Net occupancy and equipment11,754 11,389 Other real estate owned685 107 Professional fees2,884 3,348