RENASANT CORP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Interest income | |||
| Loans | $806,296 | $716,456 | $479,910 |
| Securities | |||
| Taxable | 37,383 | 44,482 | 45,523 |
| Tax-exempt | 4,541 | 6,006 | 7,524 |
| Other | 39,557 | 30,375 | 8,853 |
| Total interest income | 887,777 | 797,319 | 541,810 |
| Interest expense | |||
| Deposits | 346,592 | 232,331 | 35,208 |
| Borrowings | 28,989 | 45,661 | 25,304 |
| Total interest expense | 375,581 | 277,992 | 60,512 |
| Net interest income | 512,196 | 519,327 | 481,298 |
| Provision for credit losses on loans | 11,248 | 18,793 | 23,788 |
| (Recovery of) provision for credit losses on unfunded commitments | (1,975) | (3,200) | 83 |
| Provision for credit losses | 9,273 | 15,593 | 23,871 |
| Net interest income after provision for credit losses | 502,923 | 503,734 | 457,427 |
| Noninterest income | |||
| Service charges on deposit accounts | 41,779 | 39,199 | 39,957 |
| Fees and commissions | 16,190 | 17,901 | 17,268 |
| Insurance commissions | 5,473 | 11,102 | 10,754 |
| Wealth management revenue | 23,559 | 22,132 | 22,339 |
| Mortgage banking income | 36,376 | 32,413 | 35,794 |
| Gain on sale of insurance agency | 53,349 | — | — |
| Gain on debt extinguishment | 56 | 620 | — |
| Net losses on sales of securities | — | (22,438) | — |
| Impairment losses on securities | — | (19,352) | — |
| BOLI income | 11,567 | 10,463 | 9,267 |
| Other | 15,311 | 21,035 | 13,874 |
| Total noninterest income | 203,660 | 113,075 | 149,253 |
| Noninterest expense | |||
| Salaries and employee benefits | 283,768 | 281,768 | 261,654 |
| Data processing | 16,030 | 15,195 | 14,900 |
| Net occupancy and equipment | 45,960 | 46,471 | 44,819 |
| Other real estate owned | 858 | 267 | (453) |
| Professional fees | 12,418 | 13,671 | 11,872 |
| Advertising and public relations | 16,210 | 14,726 | 14,325 |
| Intangible amortization | 4,691 | 5,380 | 5,122 |
| Communications | 8,379 | 8,238 | 7,958 |
| Merger and conversion related expenses | 13,349 | — | 1,787 |
| Restructuring charges | — | — | 732 |
| Other | 59,955 | 53,906 | 32,656 |
| Total noninterest expense | 461,618 | 439,622 | 395,372 |
| Income before income taxes | 244,965 | 177,187 | 211,308 |
| Income taxes | 49,508 | 32,509 | 45,240 |
| Net income | $195,457 | $144,678 | $166,068 |
| Basic earnings per share | $3.29 | $2.58 | $2.97 |
| Diluted earnings per share | $3.27 | $2.56 | $2.95 |
| Cash dividends per common share | $0.88 | $0.88 | $0.88 |
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