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.
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Item 1. Financial Statements (Unaudited)
PART I. FINANCIAL INFORMATION
Item 1. FINANCIAL STATEMENTS
Consolidated Balance Sheets
| (Unaudited) | ||
|---|---|---|
| March 31,2024 | December 31, 2023 | |
| Assets | ||
| Cash and due from banks | $174,349 | $206,680 |
| Interest-bearing balances with banks | 670,051 | 594,671 |
| Cash and cash equivalents | 844,400 | 801,351 |
| Securities held to maturity (net of allowance for credit losses of $32 at each of March 31, 2024 and December 31, 2023) (fair value of $1,085,085 and $1,121,830, respectively) | 1,199,111 | 1,221,464 |
| Securities available for sale, at fair value | 764,486 | 923,279 |
| Loans held for sale, at fair value | 191,440 | 179,756 |
| Loans held for investment, net of unearned income | 12,500,525 | 12,351,230 |
| Allowance for credit losses on loans | (201,052) | (198,578) |
| Loans, net | 12,299,473 | 12,152,652 |
| Premises and equipment, net | 282,193 | 283,195 |
| Other real estate owned, net | 9,142 | 9,622 |
| Goodwill | 991,665 | 991,665 |
| Other intangible assets, net | 17,583 | 18,795 |
| Bank-owned life insurance | 385,186 | 382,584 |
| Mortgage servicing rights | 71,596 | 91,688 |
| Other assets | 289,466 | 304,484 |
| Total assets | $17,345,741 | $17,360,535 |
| Liabilities and shareholders’ equity | ||
| Liabilities | ||
| Deposits | ||
| Noninterest-bearing | $3,516,164 | $3,583,675 |
| Interest-bearing | 10,720,999 | 10,493,110 |
| Total deposits | 14,237,163 | 14,076,785 |
| Short-term borrowings | 108,121 | 307,577 |
| Long-term debt | 428,047 | 429,400 |
| Other liabilities | 250,060 | 249,390 |
| Total liabilities | 15,023,391 | 15,063,152 |
| Shareholders’ equity | ||
| Preferred 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; 59,296,725 shares issued; 56,304,860 and 56,142,207 shares outstanding, respectively | 296,483 | 296,483 |
| Treasury stock, at cost – 2,991,865 and 3,154,518 shares, respectively | (99,683) | (105,249) |
| Additional paid-in capital | 1,303,613 | 1,308,281 |
| Retained earnings | 978,880 | 952,124 |
| Accumulated other comprehensive loss, net of taxes | (156,943) | (154,256) |
| Total shareholders’ equity | 2,322,350 | 2,297,383 |
| Total liabilities and shareholders’ equity | $17,345,741 | $17,360,535 |
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