RENASANT CORP
For the period ended Jun 30, 2024. Filed Aug 7, 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.
Jun 30, 2024 · Filed Aug 7, 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
Consolidated Statements of Income (Unaudited)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Interest income | ||||
| Loans | $201,927 | $176,188 | $396,625 | $339,712 |
| Securities | ||||
| Taxable | 9,258 | 12,300 | 18,763 | 25,553 |
| Tax-exempt | 1,152 | 1,700 | 2,347 | 3,538 |
| Other | 7,874 | 6,978 | 15,655 | 12,408 |
| Total interest income | 220,211 | 197,166 | 433,390 | 381,211 |
| Interest expense | ||||
| Deposits | 87,621 | 51,391 | 170,234 | 84,257 |
| Borrowings | 7,564 | 15,559 | 14,840 | 30,963 |
| Total interest expense | 95,185 | 66,950 | 185,074 | 115,220 |
| Net interest income | 125,026 | 130,216 | 248,316 | 265,991 |
| Provision for credit losses on loans | 4,300 | 3,000 | 6,938 | 10,960 |
| Recovery of credit losses on unfunded commitments | (1,000) | (1,000) | (1,200) | (2,500) |
| Provision for credit losses | 3,300 | 2,000 | 5,738 | 8,460 |
| Net interest income after provision for credit losses | 121,726 | 128,216 | 242,578 | 257,531 |
| Noninterest income | ||||
| Service charges on deposit accounts | 10,286 | 9,733 | 20,792 | 18,853 |
| Fees and commissions | 3,944 | 4,987 | 7,893 | 9,663 |
| Insurance commissions | 2,758 | 2,809 | 5,474 | 5,255 |
| Wealth management revenue | 5,684 | 5,338 | 11,353 | 10,478 |
| Mortgage banking income | 9,698 | 9,771 | 21,068 | 18,288 |
| Gain on debt extinguishment | — | — | 56 | — |
| Net loss on sales of securities | — | (22,438) | — | (22,438) |
| BOLI income | 2,701 | 2,402 | 5,392 | 5,405 |
| Other | 3,691 | 4,624 | 8,115 | 9,015 |
| Total noninterest income | 38,762 | 17,226 | 80,143 | 54,519 |
| Noninterest expense | ||||
| Salaries and employee benefits | 70,731 | 70,637 | 142,201 | 140,469 |
| Data processing | 3,945 | 3,684 | 7,752 | 7,317 |
| Net occupancy and equipment | 11,844 | 11,865 | 23,233 | 23,270 |
| Other real estate owned | 105 | 51 | 212 | 81 |
| Professional fees | 3,195 | 4,012 | 6,543 | 7,479 |
| Advertising and public relations | 3,807 | 3,482 | 8,693 | 8,168 |
| Intangible amortization | 1,186 | 1,369 | 2,398 | 2,795 |
| Communications | 2,112 | 2,226 | 4,136 | 4,206 |
| Other | 15,051 | 12,839 | 29,720 | 25,588 |
| Total noninterest expense | 111,976 | 110,165 | 224,888 | 219,373 |
| Income before income taxes | 48,512 | 35,277 | 97,833 | 92,677 |
| Income taxes | 9,666 | 6,634 | 19,578 | 17,956 |
| Net income | $38,846 | $28,643 | $78,255 | $74,721 |
| Basic earnings per share | $0.69 | $0.51 | $1.39 | $1.33 |
| Diluted earnings per share | $0.69 | $0.51 | $1.38 | $1.33 |
| Cash dividends per common share | $0.22 | $0.22 | $0.44 | $0.44 |
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