Company: RNST
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000715072-25-000054
Chunk: 8

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 8
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ations8,379 8,238 7,958 Merger and conversion related expenses13,349 — 1,787 Restructuring charges— — 732 Other59,955 53,906 32,656 Total noninterest expense461,618 439,622 395,372 Income before income taxes244,965 177,187 211,308 Income taxes49,508 32,509 45,240 Net income$195,457 $144,678 $166,068 Basic earnings per share$3.29 $2.58 $2.97 Diluted earnings per share$3.27 $2.56 $2.95 Cash dividends per common share$0.88 $0.88 $0.88 See Notes to Consolidated Financial Statements.

69

Renasant Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income 

(In Thousands) Year Ended December 31, 202420232022Net income$195,457 $144,678 $166,068 Other comprehensive income, net of tax:Securities available for sale:Unrealized holding gains (losses) on securities1,074 15,128 (214,351)Reclassification adjustment for losses realized in net income— 31,063 — Amortization of unrealized holding losses on securities transferred to the held to maturity category9,476 10,091 3,701 Total securities available for sale10,550 56,282 (210,650)Derivative instruments:Unrealized holding gains (losses) on derivative instruments378 (1,905)14,993 Total derivative instruments378 (1,905)14,993 Defined benefit pension and post-retirement benefit plans:Net gain (loss) arising during the period405 60 (3,062)Amortization of net actuarial loss recognized in net periodic pension cost315 344 125 Total defined benefit pension and post-retirement benefit plans720 404 (2,937)Other comprehensive income (loss), net of tax11,648 54,781 (198,594)Comprehensive income (loss)$207,105 $199,459 $(32,526)

See Notes to Consolidated Financial Statements.

70

Renasant Corporation and Subsidiaries

Consolidated Statements of Changes