Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 108

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 108
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 charge-offs4,339 703 16,268 6,348 Provision for credit losses on loans9,650 1,210 87,100 8,148 Balance at end of period$297,591 $200,378 $297,591 $200,378 Net charge-offs (annualized) to average loans0.09 %0.02 %0.14 %0.07 %Net charge-offs to allowance for credit losses on loans1.46 %0.35 %5.47 %3.17 %Allowance for credit losses on loans to:Total loans1.56 %1.59 %Nonperforming loans173.47 %168.07 %Nonaccrual loans174.28 %175.97 %

Loan growth, including the addition of loans acquired in the merger with The First, as well as changes in credit metrics that influenced our expectations of future credit losses, considered in the context of the existing balance of the allowance for credit losses, resulted in the Company’s model indicating that the provision for credit losses on loans during the first nine months of 2025 in the table above was appropriate. Included in the first nine months of 2025 provision for credit losses on loans is a Day 1 acquisition provision of $62,190 associated with the merger with The First.

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The table below reflects annualized net charge-offs (recoveries) to daily average loans outstanding, by loan category, for the periods presented:

Nine Months EndedSeptember 30, 2025September 30, 2024Net Charge-offs Average LoansAnnualized Net Charge-offs to Average LoansNet Charge-offs (Recoveries)Average LoansAnnualized Net Charge-offs (Recoveries) to Average LoansCommercial, financial, agricultural$6,838$2,313,5310.40%$(503)$1,850,707(0.04)%Lease financing2,33390,6053.44%616103,9540.79%Real estate – construction1071,310,4870.01%—1,297,036—%Real estate – 1-4 family mortgage1,0864,435,8470.03%4163,422,7110.02%Real estate – commercial mortgage5,1508,482,0100.08%5,6215,752,2060.13%Installment loans to individuals754