RENASANT CORP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
RNST$40.19+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Interest income | |||
| Loans | $716,456 | $479,910 | $435,464 |
| Securities | |||
| Taxable | 44,482 | 45,523 | 24,732 |
| Tax-exempt | 6,006 | 7,524 | 6,800 |
| Other | 30,375 | 8,853 | 1,689 |
| Total interest income | 797,319 | 541,810 | 468,685 |
| Interest expense | |||
| Deposits | 232,331 | 35,208 | 28,976 |
| Borrowings | 45,661 | 25,304 | 15,708 |
| Total interest expense | 277,992 | 60,512 | 44,684 |
| Net interest income | 519,327 | 481,298 | 424,001 |
| Provision for (recovery of) credit losses on loans | 18,793 | 23,788 | (1,700) |
| (Recovery of) provision for credit losses on unfunded commitments | (3,200) | 83 | (500) |
| Provision for credit losses on held to maturity securities | — | — | 32 |
| Provision for (recovery of) credit losses | 15,593 | 23,871 | (2,168) |
| Net interest income after provision for (recovery of) credit losses | 503,734 | 457,427 | 426,169 |
| Noninterest income | |||
| Service charges on deposit accounts | 39,199 | 39,957 | 36,569 |
| Fees and commissions | 17,901 | 17,268 | 15,732 |
| Insurance commissions | 11,102 | 10,754 | 9,841 |
| Wealth management revenue | 22,132 | 22,339 | 20,455 |
| Mortgage banking income | 32,413 | 35,794 | 109,604 |
| Swap termination gains | — | — | 4,676 |
| Gain on debt extinguishment | 620 | — | — |
| Net (losses) gains on sales of securities | (22,438) | — | 2,170 |
| Impairment losses on securities | (19,352) | — | — |
| BOLI income | 10,463 | 9,267 | 7,366 |
| Other | 21,035 | 13,874 | 20,571 |
| Total noninterest income | 113,075 | 149,253 | 226,984 |
| Noninterest expense | |||
| Salaries and employee benefits | 281,768 | 261,654 | 280,627 |
| Data processing | 15,195 | 14,900 | 21,726 |
| Net occupancy and equipment | 46,471 | 44,819 | 46,837 |
| Other real estate owned | 267 | (453) | 253 |
| Professional fees | 13,671 | 11,872 | 11,776 |
| Advertising and public relations | 14,726 | 14,325 | 12,203 |
| Intangible amortization | 5,380 | 5,122 | 6,042 |
| Communications | 8,238 | 7,958 | 8,869 |
| Merger and conversion related expenses | — | 1,787 | — |
| Restructuring charges | — | 732 | 368 |
| Debt prepayment penalty | — | — | 6,123 |
| Other | 53,906 | 32,656 | 35,502 |
| Total noninterest expense | 439,622 | 395,372 | 430,326 |
| Income before income taxes | 177,187 | 211,308 | 222,827 |
| Income taxes | 32,509 | 45,240 | 46,935 |
| Net income | $144,678 | $166,068 | $175,892 |
| Basic earnings per share | $2.58 | $2.97 | $3.13 |
| Diluted earnings per share | $2.56 | $2.95 | $3.12 |
| Cash dividends per common share | $0.88 | $0.88 | $0.88 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.