Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 13

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 13
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 information is not necessarily indicative of what would have occurred had the acquisition taken place on January 1, 2024. The pro forma information does not include the effect of any cost-saving or revenue-enhancing strategies. Other than the aforementioned $20,479 in merger-related expenses, attributed to the first quarter of 2024, merger expenses are reflected in the period in which they were incurred.(Unaudited)(Unaudited)Three Months EndedSix Months Ended June 30,June 30, 2025202420252024Net interest income - pro forma $215,451 $201,496 $424,409 $403,269 Noninterest income - pro forma $48,334 $49,552 $93,263 $101,084 Noninterest expense - pro forma $161,735 $163,760 $364,703 $348,468 Net income - pro forma $85,691 $65,220 $121,325 $64,926 Earnings per share - pro forma:Basic$0.91 $0.74 $1.28 $0.74 Diluted$0.90 $0.74 $1.28 $0.74 The Company has determined it is impracticable to disclose stand-alone revenues and earnings for legacy The First since April 1, 2025 due to the merging of certain processes during the second quarter of 2025.

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Table of ContentsRenasant Corporation and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)

Note 3 – Securities

(In Thousands, Except Number of Securities)The amortized cost and fair value of securities available for sale were as follows as of the dates presented in the tables below.  There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of June 30, 2025 or December 31, 2024. AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFairValueJune 30, 2025Obligations of states and political subdivisions$268,798 $2,147 $(4,357)$266,588 Residential mortgage backed securities:Government agency mortgage backed securities674,915 2,682 (19,516)658,081 Government agency collateralized mortgage obligations760,573 3,685 (66,528)697