Company: RNST
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000715072-25-000054
Chunk: 7

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 7
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420232022Interest incomeLoans$806,296 $716,456 $479,910 SecuritiesTaxable37,383 44,482 45,523 Tax-exempt4,541 6,006 7,524 Other39,557 30,375 8,853 Total interest income887,777 797,319 541,810 Interest expenseDeposits346,592 232,331 35,208 Borrowings28,989 45,661 25,304 Total interest expense375,581 277,992 60,512 Net interest income512,196 519,327 481,298 Provision for credit losses on loans11,248 18,793 23,788 (Recovery of) provision for credit losses on unfunded commitments(1,975)(3,200)83 Provision for credit losses9,273 15,593 23,871 Net interest income after provision for credit losses502,923 503,734 457,427 Noninterest incomeService charges on deposit accounts41,779 39,199 39,957 Fees and commissions16,190 17,901 17,268 Insurance commissions5,473 11,102 10,754 Wealth management revenue23,559 22,132 22,339 Mortgage banking income36,376 32,413 35,794 Gain on sale of insurance agency53,349 — — Gain on debt extinguishment56 620 — Net losses on sales of securities— (22,438)— Impairment losses on securities— (19,352)— BOLI income11,567 10,463 9,267 Other15,311 21,035 13,874 Total noninterest income203,660 113,075 149,253 Noninterest expenseSalaries and employee benefits283,768 281,768 261,654 Data processing16,030 15,195 14,900 Net occupancy and equipment45,960 46,471 44,819 Other real estate owned858 267 (453)Professional fees12,418 13,671 11,872 Advertising and public relations16,210 14,726 14,325 Intangible amortization4,691 5,380 5,122 Communic