Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 3

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 3
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PART I. FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS

Renasant Corporation and Subsidiaries

Consolidated Balance Sheets

(In Thousands, Except Share Data)

(Unaudited)March 31,2025December 31, 2024AssetsCash and due from banks$202,923 $198,408 Interest-bearing balances with banks888,416 893,624 Cash and cash equivalents1,091,339 1,092,032 Securities held to maturity (fair value of $1,003,497 and $1,002,544, respectively)1,101,901 1,126,112 Securities available for sale, at fair value1,002,056 831,013 Loans held for sale, at fair value226,003 246,171 Loans held for investment, net of unearned income13,055,593 12,885,020 Allowance for credit losses on loans(203,931)(201,756)Loans, net12,851,662 12,683,264 Premises and equipment, net279,011 279,796 Other real estate owned, net8,654 8,673 Goodwill988,898 988,898 Other intangible assets, net13,025 14,105 Bank-owned life insurance337,502 391,810 Mortgage servicing rights72,902 72,991 Other assets298,428 300,003 Total assets$18,271,381 $18,034,868 Liabilities and shareholders’ equityLiabilitiesDepositsNoninterest-bearing$3,541,375 $3,403,981 Interest-bearing11,230,720 11,168,631 Total deposits14,772,095 14,572,612 Short-term borrowings108,015 108,018 Long-term debt433,309 430,614 Other liabilities230,857 245,306 Total liabilities15,544,276 15,356,550 Shareholders’ equityPreferred stock, $0.01 par value – 5,000,000 shares authorized; no shares issued and outstanding— — Common stock, $5.00 par value – 150,000,000 shares authorized; 66,484,225 shares issued; 63,739,467 and 63,565,690 shares outstanding,