Company: RNST
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000715072-25-000054
Chunk: 95

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 95
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Deposits totaled $14,572,612 at December 31, 2024 compared to $14,076,785 at December 31, 2023. The Company used core retail deposit growth to paydown $461,441 in brokered deposits during the year.

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A historical look at key performance indicators is presented below.

202420232022Diluted EPS$3.27 $2.56 $2.95 Diluted EPS Growth27.73 %(13.22)%(5.45)%Shareholders’ equity to assets14.85 %13.23 %12.57 %Tangible shareholders’ equity to tangible assets(1)9.84 %7.87 %7.01 %Return on Average Assets1.11 %0.84 %1.00 %Return on Average Tangible Assets(1)1.20 %0.92 %1.09 %Return on Average Shareholders’ Equity7.92 %6.50 %7.60 %Return on Average Tangible Shareholders’ Equity(1)13.63 %12.29 %13.97 %

(1) These performance indicators are non-GAAP financial measures.  A reconciliation of these financial measures from GAAP to non-GAAP as well as an explanation of why the Company provides these non-GAAP financial measures can be found under the “Non-GAAP Financial Measures” heading at the end of this Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Critical Accounting Policies and Estimates

Our financial statements are prepared using accounting estimates for various accounts. Wherever feasible, we utilize third-party information to provide management with estimates. Although independent third parties are engaged to assist us in the estimation process, management evaluates the results, challenges assumptions and considers other factors that could impact these estimates. We monitor the status of proposed and newly issued accounting standards to evaluate the impact (or potential impact) on our financial condition and results of operations or on the preparation of our financial statements. Our accounting policies, including the impact of newly issued accounting standards, are discussed in detail in Note 1, “Significant Accounting Policies,” in the Notes to Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in this report. The following discussion supplements the discussion of our significant accounting policies in the financial statements.

Allowance for Credit Losses on Loans

The accounting estimate most important to