Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 8

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 8
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 Balance at March 31, 202456,304,860 $296,483 $(99,683)$1,303,613 $978,880 $(156,943)$2,322,350 Net income— $— $— $— $38,846 $— $38,846 Other comprehensive income— — — — — 2,827 2,827 Comprehensive income41,673 Cash dividends ($0.22 per share)— — — — (12,640)— (12,640)Issuance of common stock for stock-based compensation awards63,064 — 2,149 (2,205)— — (56)Stock-based compensation expense— — — 3,374 — — 3,374 Balance at June 30, 202456,367,924 $296,483 $(97,534)$1,304,782 $1,005,086 $(154,116)$2,354,701 

4

See Notes to Consolidated Financial Statements.

5

Renasant Corporation and Subsidiaries

Consolidated Statements of Cash Flows (Unaudited)

(In Thousands)

 Six Months Ended June 30, 20252024Operating activitiesNet income$42,536 $78,255 Adjustments to reconcile net income to net cash provided by operating activities: Provision for credit losses86,072 5,738 Depreciation, amortization and accretion11,789 16,027 Deferred income tax (benefit) expense(608)1,142 Proceeds from sale of MSR9,353 23,011 Gain on sale of MSR(1,467)(3,472)Funding of mortgage loans held for sale(794,785)(641,131)Proceeds from sales of mortgage loans held for sale698,716 561,475 Gains on sales of mortgage loans held for sale(9,816)(9,734)Debt prepayment benefit— (56)(Gains) losses on sales of premises and equipment(347)52 Stock-based compensation expense8,084 7,366 Decrease (increase) in other assets4,335 (6,802)Decrease in other liabilities(25,001)(15,891)Net cash provided by operating activities28,861