RENASANT CORP
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 6, 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
Item 1. Financial Statements (Unaudited)
PART I. FINANCIAL INFORMATION
Item 1. FINANCIAL STATEMENTS
Consolidated Balance Sheets
| (Unaudited) | ||
|---|---|---|
| September 30,2024 | December 31, 2023 | |
| Assets | ||
| Cash and due from banks | $228,937 | $206,680 |
| Interest-bearing balances with banks | 1,046,683 | 594,671 |
| Cash and cash equivalents | 1,275,620 | 801,351 |
| Securities held to maturity (net of allowance for credit losses of $32 at each of September 30, 2024 and December 31, 2023) (fair value of $1,068,968 and $1,121,830, respectively) | 1,150,531 | 1,221,464 |
| Securities available for sale, at fair value | 764,844 | 923,279 |
| Loans held for sale, at fair value | 291,735 | 179,756 |
| Loans held for investment, net of unearned income | 12,627,648 | 12,351,230 |
| Allowance for credit losses on loans | (200,378) | (198,578) |
| Loans, net | 12,427,270 | 12,152,652 |
| Premises and equipment, net | 280,550 | 283,195 |
| Other real estate owned, net | 9,136 | 9,622 |
| Goodwill | 988,898 | 991,665 |
| Other intangible assets, net | 15,238 | 18,795 |
| Bank-owned life insurance | 389,138 | 382,584 |
| Mortgage servicing rights | 71,990 | 91,688 |
| Other assets | 293,890 | 304,484 |
| Total assets | $17,958,840 | $17,360,535 |
| Liabilities and shareholders’ equity | ||
| Liabilities | ||
| Deposits | ||
| Noninterest-bearing | $3,529,801 | $3,583,675 |
| Interest-bearing | 10,979,950 | 10,493,110 |
| Total deposits | 14,509,751 | 14,076,785 |
| Short-term borrowings | 108,732 | 307,577 |
| Long-term debt | 433,177 | 429,400 |
| Other liabilities | 249,102 | 249,390 |
| Total liabilities | 15,300,762 | 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; 66,484,225 and 59,296,725 shares issued, respectively; 63,564,028 and 56,142,207 shares outstanding, respectively | 332,421 | 296,483 |
| Treasury stock, at cost – 2,920,197 and 3,154,518 shares, respectively | (97,251) | (105,249) |
| Additional paid-in capital | 1,488,678 | 1,308,281 |
| Retained earnings | 1,063,324 | 952,124 |
| Accumulated other comprehensive loss, net of taxes | (129,094) | (154,256) |
| Total shareholders’ equity | 2,658,078 | 2,297,383 |
| Total liabilities and shareholders’ equity | $17,958,840 | $17,360,535 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.