Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 51

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 51
---
 Charge-offs(347)— (256)(10)(642)(649)(1,904)Recoveries514 — 57 11 8 611 1,201 Net recoveries (charge-offs) 167 — (199)1 (634)(38)(703)(Recovery of) provision for credit losses on loans(2,065)(2,240)(3)4,961 503 54 1,210 Ending balance$43,053 $16,656 $47,219 $82,087 $2,384 $8,979 $200,378 Nine Months Ended September 30, 2024Allowance for credit losses:Beginning balance$43,980 $18,612 $47,283 $77,020 $2,515 $9,168 $198,578 Charge-offs(882)— (546)(5,737)(642)(1,379)(9,186)Recoveries1,385 — 130 116 26 1,181 2,838 Net recoveries (charge-offs) 503 — (416)(5,621)(616)(198)(6,348)Provision for (recovery of) credit losses on loans(1,430)(1,956)352 10,688 485 9 8,148 Ending balance$43,053 $16,656 $47,219 $82,087 $2,384 $8,979 $200,378 Nonaccruing loans with no allowance for credit losses$122 $— $6,898 $25,016 $614 $— $32,650  The Company recorded a provision for credit losses on loans of $9,650 during the third quarter of 2025, as compared to a provision for credit losses on loans of $1,210 recorded in the third quarter of 2024. The Company’s allowance for credit losses model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years. The provision for credit losses on loans of $9,650 in the third quarter of 2025 was primarily driven by loan growth and changes in credit metrics that influenced the Company’s expectations of future losses, including but not limited to the balance of nonperforming loans, underlying collateral values, and historical levels of