RENASANT CORP
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
RNST$40.19+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net income | $39,409 | $46,078 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Provision for credit losses | 2,438 | 6,460 |
| Depreciation, amortization and accretion | 8,097 | 9,237 |
| Deferred income tax expense | 1,706 | 2,667 |
| Proceeds from sale of MSR | 23,011 | — |
| Gain on sale of MSR | (3,472) | — |
| Funding of mortgage loans held for sale | (260,424) | (258,946) |
| Proceeds from sales of mortgage loans held for sale | 250,399 | 212,755 |
| Gains on sales of mortgage loans held for sale | (4,535) | (4,769) |
| Debt prepayment benefit | (56) | — |
| Losses on sales of premises and equipment | 50 | 2 |
| Stock-based compensation expense | 3,992 | 3,445 |
| Decrease (increase) in other assets | 9,904 | (10,945) |
| Increase in other liabilities | (5,462) | (13,366) |
| Net cash provided by (used in) operating activities | 65,057 | (7,382) |
| Investing activities | ||
| Purchases of securities available for sale | (46,975) | — |
| Proceeds from sales of securities available for sale | 177,185 | — |
| Proceeds from call/maturities of securities available for sale | 22,148 | 45,342 |
| Proceeds from call/maturities of securities held to maturity | 24,159 | 25,424 |
| Net increase in loans | (148,854) | (195,617) |
| Purchases of premises and equipment | (3,296) | (8,237) |
| Proceeds from sales of premises and equipment | 256 | — |
| Net change in FHLB stock | 5,120 | (22,130) |
| Proceeds from sales of other assets | 132 | 647 |
| Other, net | 93 | 1,340 |
| Net cash provided by (used in) investing activities | 29,968 | (153,231) |
| Financing activities | ||
| Net decrease in noninterest-bearing deposits | (67,511) | (313,879) |
| Net increase in interest-bearing deposits | 227,889 | 738,933 |
| Net (decrease) increase in short-term borrowings | (199,456) | 19,825 |
| Repayment of long-term debt | (245) | — |
| Cash paid for dividends | (12,653) | (12,561) |
| Net cash (used in) provided by financing activities | (51,976) | 432,318 |
| Net increase in cash and cash equivalents | 43,049 | 271,705 |
| Cash and cash equivalents at beginning of period | 801,351 | 575,992 |
| Cash and cash equivalents at end of period | $844,400 | $847,697 |
| Supplemental disclosures | ||
| Cash paid for interest | $91,121 | $41,239 |
| Cash paid for income taxes | $— | $17,443 |
| Noncash transactions: | ||
| Transfers of loans to other real estate owned | $195 | $3,623 |
| Recognition of operating right-of-use assets | $1,157 | $531 |
| Recognition of operating lease liabilities | $1,157 | $531 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.