Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 154

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 154
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 category3,275 837 2,438 Total securities available for sale(2,917)(721)(2,196)Derivative instruments:Unrealized holding losses on derivative instruments(765)(195)(570)Total derivative instruments(765)(195)(570)Defined benefit pension and post-retirement benefit plans:Amortization of net actuarial loss recognized in net periodic pension cost106 27 79 Total defined benefit pension and post-retirement benefit plans106 27 79 Total other comprehensive loss$(3,576)$(889)$(2,687)The accumulated balances for each component of other comprehensive loss, net of tax, were as follows as of the dates presented: March 31,2025December 31, 2024Unrealized losses on securities$(130,699)$(152,934)Unrealized gains on derivative instruments16,107 17,429 Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations(7,029)(7,103)Total accumulated other comprehensive loss$(121,621)$(142,608)

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

Note 12 – Net Income Per Common Share

(In Thousands, Except Share and Per Share Data)Basic net income per common share is calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per common share reflects the pro forma dilution of shares outstanding, assuming outstanding service-based restricted stock awards fully vested, calculated in accordance with the treasury method. Basic and diluted net income per common share calculations are as follows for the periods presented: Three Months Ended March 31, 20252024BasicNet income applicable to common stock$41,518 $39,409 Average common shares outstanding63,666,419 56,208,348 Net income per common share - basic$0.65 $0.70 DilutedNet income applicable to common stock$41,518 $39,409 Average common shares outstanding63,666,419 56,208,348 Effect of dilutive stock-based compensation361,606 322,730 Average common shares outstanding - diluted64,028,025 56,531,078 Net income per common share - diluted$0.65 $0.70 Stock-based compensation awards that could potentially dilute basic net income per common share in