Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 172

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 172
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Lease FinancingInstallment Loans to IndividualsTotalThree Months Ended September 30, 2024Allowance for credit losses:Beginning balance$44,951 $18,896 $47,421 $77,125 $2,515 $8,963 $199,871 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