Bank premises and equipment at December 31 are summarized as follows:
20242023
Premises$262,536 $258,481 
Leasehold improvements37,155 36,308 
Furniture and equipment70,197 68,546 
Computer equipment28,577 27,102 
Autos180 144 
Lease right-of-use assets46,811 48,517 
Total445,456 439,098 
Accumulated depreciation(165,660)(155,903)
Net$279,796 $283,195 
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About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.