RENASANT CORP

Listed Company

RNSTCIK 0000715072NYSELarge AcceleratedState Commercial BanksMississippiFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$181.27M

Total Assets

$26.75B

Equity

$3.88B

Shares Out

94.14M

Op. Cash Flow

$271.47M

Business

RENASANT CORP operates as a bank holding company that owns and manages Renasant Bank and subsidiaries providing commercial and retail banking services and nationwide factoring and asset-based lending. It offers business and personal loans, mortgage origination and servicing, treasury management, deposit accounts, trust and wealth management, and factoring and asset-based lending through Park Place Capital and Republic Business Credit. Principal business segments include Community Banks and Wealth Management (the Company sold its insurance agency business in 2024). The Company serves customers throughout the U.S. Southeast with nationwide lending through specialized subsidiaries and digital channels including online and mobile banking, ATMs and call center services.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans	1,128	806	716	480	435
Taxable	90	37	44	46	25
Tax-exempt	11	5	6	8	7
Other	33	40	30	9	2
Total interest income	1,262	888	797	542	469
Deposits	413	347	232	35	29
Borrowings	46	29	46	25	16
Total interest expense	458	376	278	61	—
Net interest income	804	512	519	481	424
Provision for credit losses on loans	93	11	19	24	−2
Provision for (reversal of) credit losses on unfunded commitments	15	−2	−3	—	—
Provision for credit losses	107	9	16	24	−2
Net interest income after provision for credit losses	697	503	504	457	426
Service charges on deposit accounts	52	42	39	40	37
Fees and commissions	20	16	18	17	16
Insurance commissions	0	5	11	11	10
Wealth management revenue	31	24	22	22	20
Mortgage banking income	37	36	32	36	110
Gain on sale of insurance agency	0	53	0	0	—
Gain on debt extinguishment	0	56,000	620,000	0	0
Net losses on sales of securities	0	0	−22	0	2
Impairment losses on securities	0	0	−19	0	0
BOLI income	14	12	10	9	7
Other	27	15	21	14	21
Total noninterest income	182	204	113	149	227
Salaries and employee benefits	369	284	282	262	281
Data processing	21	16	15	15	22
Net occupancy and equipment	64	46	46	45	47
Other real estate owned	2	858,000	267,000	−453,000	253,000
Professional fees	15	12	14	12	12
Advertising and public relations	18	16	15	14	12
Intangible amortization	27	5	5	5	6
Communications	14	8	8	8	9
Merger and conversion related expenses	49	13	0	2	0
Other	74	60	54	33	36
Total noninterest expense	652	462	440	395	430
Income before income taxes	227	245	177	211	223
Income taxes	45	50	33	45	47
Net income (loss)	181	195	145	166	176
Basic earnings per share (usd per share)	2.09	3.29	2.58	2.97	3.13
Diluted earnings per share (usd per share)	2.07	3.27	2.56	2.95	3.12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	300	198	207	194	183
Interest-bearing balances with banks	771	894	595	382	1,695
Cash and cash equivalents	1,071	1,092	801	576	1,878
Securities held to maturity (net of allowance for credit losses of $32 at both December 31, 2025 and 2024) (fair value of $961,870 and $1,002,544, respectively)	1,030	1,126	1,221	1,324	416
Securities available for sale, at fair value (amortized cost of $2,635,495 and $968,927, respectively)	2,561	831	923	1,534	2,386
Loans held for sale, at fair value	266	246	180	110	454
Loans held for investment, net of unearned income	19,047	12,885	12,351	11,578	—
Allowance for credit losses	−294	−202	−199	−192	−164
Loans, net	18,753	12,683	12,153	11,386	—
Premises and equipment, net	465	280	283	284	—
Other real estate owned, net	15	9	10	2	3
Goodwill	1,406	989	992	992	940
Other intangible assets, net	147	14	19	24	24
Bank-owned life insurance	493	392	383	374	287
Mortgage servicing rights, net	65	73	92	84	89
Other assets	480	300	304	298	184
Total assets	26,751	18,035	17,361	16,988	16,810
Noninterest-bearing	5,044	3,404	3,584	4,559	4,718
Interest-bearing	16,429	11,169	10,493	8,928	9,188
Total deposits	21,473	14,573	14,077	13,487	13,906
Short-term borrowings	556	108	308	712	14
Long-term debt	500	431	429	428	471
Other liabilities	338	245	249	225	210
Total liabilities	22,867	15,357	15,063	14,852	14,600
Preferred stock, $0.01 par value 5,000,000 shares authorized; no shares issued and outstanding	0	0	0	0	0
Common stock, $5.00 par value 250,000,000 and 150,000,000 shares authorized, respectively; 97,722,397 and 66,484,225.00 shares issued, respectively; 94,636,207 and 63,565,690 shares outstanding, respectively	489	332	296	296	296
Treasury stock, at cost, 3,086,190 and 2,918,535 shares, respectively	−103	−97	−105	−112	−118
Additional paid-in capital	2,393	1,492	1,308	1,302	1,300
Retained earnings	1,197	1,094	952	858	742
Accumulated other comprehensive loss, net of taxes	−90	−143	−154	−209	−10
Total shareholders equity	3,885	2,678	2,297	2,136	2,210
Total liabilities and shareholders equity	26,751	18,035	17,361	16,988	16,810
Common Stock, Shares, Issued	98	66	66	59	59

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses	107	9	16	24	−2
Depreciation, amortization and accretion	16	32	35	43	47
Deferred income tax (benefit)	2	5	−5	2	11
Impairment losses on securities	0	0	19	0	0
Gain on sale of mortgage servicing rights	−1	−3	−547,000	−3	0
Funding of mortgage loans held for sale	−1,613	−1,400	−1,331	−1,679	−4,060
Proceeds from sales of mortgage loans held for sale	1,616	1,348	1,277	2,043	4,116
Gains on sales of mortgage loans held for sale	−20	−17	−15	−16	−82
Gain on debt extinguishment	0	−56,000	−620,000	—	—
(Gains) losses on sales of premises and equipment	−2	33,000	−173,000	−239,000	−840,000
Stock-based compensation	18	14	14	12	10
Net change in operating leases	10	6	10	—	—
Net increase in other assets	−27	−10	−51	−30	−21
Net (decrease) increase in other liabilities	−824,000	−8	24	−6	−42
Net cash provided by operating activities	271	106	149	574	143
Purchases of securities available for sale	−1,201	−174	−12	−713	−2,108
Proceeds from sales of securities available for sale	686	177	489	0	176
Proceeds from call/maturities of securities available for sale	311	89	149	386	458
Proceeds from call/maturities of securities held to maturity	102	102	110	67	2
Proceeds from sale of mortgage servicing rights	9	23	0	—	—
Net increase in loans	−957	−543	−792	−1,456	910
Purchases of premises and equipment	−34	−14	−22	−15	−21
Proceeds from sales of premises and equipment	9	344,000	943,000	1	10
Net cash received from sale of insurance agency	6	55	0	0	—
Purchases of FHLB stock	−26	−3	−28	—	—
Proceeds from redemption of FHLB stock	20	8	44	—	—
Proceeds from sales of other assets	19	3	3	4	6
Proceeds from surrender of bank-owned life insurance	56	0	0	—	—
Net cash received in acquisition of businesses	261	0	0	—	—
Other, net	4	1	2	3	4
Net cash used in investing activities	−734	−275	−55	−2,044	−660
Net increase in deposits	444	496	590	−159	1,033
Net increase (decrease) in short-term borrowings	150	−200	−405	669	−7
Repayment of long-term debt	−60	−245,000	−3	−32	−203
Cash paid for dividends	−79	−54	−50	−50	−50
Repurchase of shares in connection with stock repurchase program	−13	0	0	0	−21
Proceeds from equity offering	0	217	0	0	—
Net cash provided by financing activities	441	459	132	168	1,762
Net (decrease) increase in cash and cash equivalents	−21	291	225	−1,302	1,245
Cash paid for interest	443	381	240	55	46
Cash paid for income taxes	18	29	42	42	51
Transfers of loans to other real estate	15	5	11	2	3
Common stock issued in acquisition of businesses	1,051	0	0	—	—
Recognition of operating right-of-use assets and liabilities	7	5	3	—	—

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