Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 266

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 266
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. The tax equivalent yield on 

65

the investment portfolio for the nine months ended September 30, 2025 was 3.09%, up 104 basis points from 2.05% for the same period in 2024.

Interest expense was $127,578 for the third quarter of 2025 as compared to $98,045 for the same period in 2024. Interest expense for the nine months ended September 30, 2025 was $338,750 as compared to $283,119 for the same period in 2024. The increase in interest expense was primarily due to the assumption of The First’s deposits and borrowed funds.

The following table presents, by type, the Company’s funding sources, which consist of total average deposits and borrowed funds, and the total cost of each funding source for the periods presented:

 Percentage of Total Average Deposits and Borrowed FundsCost of FundsThree Months EndedThree Months Ended September 30,September 30, 2025202420252024Noninterest-bearing demand23.32 %23.52 %— %— %Interest-bearing demand51.42 49.16 2.83 3.26 Savings5.80 5.47 0.29 0.36 Brokered deposits— 1.01 — 5.25 Time deposits15.17 17.07 3.80 4.33 Short term borrowings1.75 0.77 3.55 1.11 Subordinated notes1.92 2.24 5.72 5.50 Other borrowed funds0.62 0.76 6.63 8.17 Total deposits and borrowed funds100.00 %100.00 %2.26 %2.61 %

 Percentage of Total Average Deposits and Borrowed FundsCost of FundsNine Months EndedNine Months Ended September 30,September 30, 2025202420252024Noninterest-bearing demand23.24 %23.74 %— %— %Interest-bearing demand51.18 48.18 2.80 3.16 Savings5.76 5.67 0.31 0.35 Brokered deposits— 2.00 — 5.36 Time deposits15.54 16.57 3.92 4.25 Short-term borrowings