Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 47

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 47
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— $6,318 $20,640 $— $— $27,188  The Company recorded a provision for credit losses on loans of $75,400 during the second quarter of 2025, as compared to a provision for credit losses on loans of $4,300 recorded in the second 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 provision for credit losses on loans of $75,400 in the second quarter of 2025 was primarily driven by the Day 1 acquisition provision related to the merger with The First, as well as loan growth and changes in credit metrics that influenced the Company’s expectations of future losses, including but not limited to the balance of nonperforming loans, underlying collateral values, and historical levels of charge-offs, all considered in the context of the existing balance of the allowance for credit losses.Allowance for Credit Losses on Unfunded Loan Commitments The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets. For more information about the Company’s policies and procedures 

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Table of ContentsRenasant Corporation and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)

for determining the amount of the allowance for credit losses on unfunded loan commitments, please refer to the discussion in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 26, 2025.The following table provides a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented. Three Months Ended June 30,20252024Allowance for credit losses on unfunded loan commitments:Beginning balance$17,643 $16,718 Provision for (recovery of) credit losses on unfunded loan commitments5,922 (1,000)Ending balance$23,565 $15,718 Six Months Ended June 30,20252024Allowance for credit losses on unfunded loan commitments:Beginning balance$14,943 $16,918 Provision for (recovery of) credit losses on unfunded loan commitments8,622