Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 82

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 82
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.63)— — — Gain on sale of MSR1,467 1,102 0.01 3,472 2,777 0.05 

Net Interest Income

Net interest income, the difference between interest earned on assets and the cost of interest-bearing liabilities, is the largest component of our net income, comprising 82.17% of total revenue (i.e., net interest income on a fully taxable equivalent basis and noninterest income) for the second quarter of 2025. The primary concerns in managing net interest income are the volume, mix and repricing of assets and liabilities.

Net interest income was $218,859 and $353,056 for the three and six months ended June 30, 2025, as compared to $125,026 and $248,316 for the same period in 2024. On a tax equivalent basis, net interest income was $222,717 and $360,149 for the three and six months ended June 30, 2025, as compared to $127,598 and $253,448 for the same period in 2024. 

The following tables set forth average balance sheet data, including all major categories of interest-earning assets and interest-bearing liabilities, together with the interest earned or interest paid and the average yield or average rate paid on each such category on a tax-equivalent basis for the periods presented:

55

 Three Months Ended June 30, 20252024 AverageBalanceInterestIncome/ExpenseYield/RateAverageBalanceInterestIncome/ExpenseYield/RateAssetsInterest-earning assets:Loans held for investment$18,448,000 $304,834 6.63 %$12,575,651 $200,670 6.41 %Loans held for sale287,855 4,639 6.45 219,826 3,530 6.42 Securities:Taxable3,106,565 24,917 3.21 1,832,002 9,258 2.02 Tax-exempt(1)462,732 4,309 3.72 263,937 1,451 2.20 Interest-bearing balances with banks901,803 9,057 4.03 595,030 7,874 5.32 Total interest-earning assets23,206,955 347,756 6.01 15,486,446