Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 289

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 289
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 through the sale of common stock, preferred stock, depositary shares, debt securities, rights, warrants and units, or a combination thereof, subject to market conditions. Specific terms and prices will be determined at the time of any offering under a separate prospectus supplement that the Company will file with the SEC at the time of the specific offering. The proceeds of the sale of securities, if and when offered, will be used for general corporate purposes or as otherwise described in the prospectus supplement applicable to the offering and could include the expansion of the Company’s banking and wealth management operations as well as other business opportunities. Our common stock offering completed in July 2024 reflects our access of the capital markets as described in this paragraph. In addition, in previous years, we have accessed the capital markets to generate liquidity in the form of subordinated notes. We have also assumed subordinated notes as part of acquisitions. The carrying value of subordinated notes, net of unamortized debt issuance costs, was $418,523 at September 30, 2025. On October 1, 2025, the Company redeemed $60,000 in subordinated notes assumed as part of its merger with The First.

The following table presents, by type, the Company’s funding sources, which consist of total average deposits and borrowed funds, and the total cost of each funding source for the periods presented:

 Percentage of Total Average Deposits and Borrowed FundsCost of FundsNine Months EndedNine Months Ended September 30,September 30, 2025202420252024Noninterest-bearing demand23.24 %23.74 %— %— %Interest-bearing demand51.18 48.18 2.80 3.16 Savings5.76 5.67 0.31 0.35 Brokered deposits— 2.00 — 5.36 Time deposits15.54 16.57 3.92 4.25 Short-term borrowings1.62 0.83 3.33 1.44 Subordinated notes2.00 2.25 5.55 5.51 Other borrowed funds0.66 0.76 7.36 8.23 Total deposits and borrowed funds100.00 %100.00 %2.27 %2.55 %

The estimated amount of uninsured and uncollateralized deposits at September 30, 2025 was $6,