Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 156

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 156
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everage)$1,948,348 11.39 %$1,935,522 11.34 %Common Equity Tier 1 Capital to Risk-Weighted Assets1,837,789 12.59 %1,825,197 12.73 %Tier 1 Capital to Risk-Weighted Assets1,948,348 13.35 %1,935,522 13.50 %Total Capital to Risk-Weighted Assets2,465,568 16.89 %2,449,129 17.08 %Renasant BankTier 1 Capital to Average Assets (Leverage)$1,855,377 10.85 %$1,843,123 10.80 %Common Equity Tier 1 Capital to Risk-Weighted Assets1,855,377 12.71 %1,843,123 12.85 %Tier 1 Capital to Risk-Weighted Assets1,855,377 12.71 %1,843,123 12.85 %Total Capital to Risk-Weighted Assets2,038,363 13.96 %2,022,737 14.10 %The Company elected to take advantage of transitional relief offered by the Federal Reserve and the FDIC to delay for two years the estimated impact of ASC Topic 326, “Financial Instruments - Credit Losses” (“ASC 326”), often referred to as CECL, on regulatory capital, followed by a three-year transitional period to phase out the capital benefit provided by the two-year delay. The three-year transitional period began on January 1, 2022; the Company’s and the Bank’s capital ratios at March 31, 2025 now fully reflect the impact of ASC 326.

Note 14 – Segment Reporting

(In Thousands)The operations of the Company’s reportable segments are described as follows:•The Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses including checking and savings accounts, business and personal loans, asset-based lending, factoring, equipment leasing and treasury management services, as well as safe deposit and night depository facilities.•The Wealth Management segment, through the Trust division, offers a broad range of fiduciary services including the administration (as trustee or in other fiduciary or representative capacities) of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts, and custodial accounts