Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 86

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 86
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856)7,531 Borrowed funds5,728 (174)5,554 Total interest-bearing liabilities40,272 (10,418)29,854 Change in net interest income$71,202 $23,917 $95,119 Six months ended June 30, 2025 Compared to the Six Months Ended June 30, 2024VolumeRateNetInterest income:Loans held for investment$101,604 $7,424 $109,028 Loans held for sale1,781 28 1,809 Securities:Taxable7,676 9,449 17,125 Tax-exempt1,249 1,547 2,796 Interest-bearing balances with banks3,824 (1,783)2,041 Total interest-earning assets116,134 16,665 132,799 Interest expense:Interest-bearing demand deposits26,122 (3,502)22,620 Savings deposits293 (9)284 Brokered deposits(9,931)— (9,931)Time deposits8,656 (556)8,100 Borrowed funds5,087 (62)5,025 Total interest-bearing liabilities30,227 (4,129)26,098 Change in net interest income$85,907 $20,794 $106,701 

Interest income, on a tax equivalent basis, was $347,756 and $571,321 for the three and six months ended June 30, 2025, as compared to $222,783 and $438,522 for the same period in 2024. The increase in interest income, on a tax equivalent basis, for the three and six months ended June 30, 2025, as compared to the same time periods in 2024 is due primarily to the addition of The First’s loan portfolio.

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The following tables present the percentage of total average earning assets, by type and yield, for the periods presented:

 Percentage of Total Average Earning AssetsYieldThree Months EndedThree Months Ended June 30,June 30, 2025202420252024Loans held for investment79.49 %81.20 %6.63 %6.41 %Loans held for sale1.24 1.42 6.45 6.42 Securities15.38