Renasant Corp 2025年季度报告

FORM10-Q________________________________________________________ (Mark One)☒Quarterly Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period endedMarch 31, 2025Or RENASANT CORPORATION (Exact name of registrant as specified in its charter)________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each classCommon stock, $5.00 par value per share Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Table of Contents As of April30, 2025,95,010,427shares of the registrant’s common stock, par value $5.00 per share, were outstanding. Renasant Corporation and SubsidiariesConsolidated Statements of Cash Flows (Unaudited)(In Thousands) Renasant Corporation and SubsidiariesNotes to Consolidated Financial Statements (Unaudited) Note 1 –Summary of Significant Accounting Policies (In Thousands) Nature of Operations: Renasant Corporation (referred to herein as the “Company”) owns and operates Renasant Bank (“RenasantBank” or the “Bank”), Renasant Insurance, Inc., Park Place Capital Corporation and Continental Republic Capital, LLC (doingbusiness as “Republic Business Credit”). On July 1, 2024, the Bank sold substantially all of the assets of Renasant Insurance, Inc.Through its subsidiaries, the Company offers a diversified range of financial, wealth management and fiduciary services to its retail Basis of Presentation: The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have beenprepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financialinformation and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not includeall of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all Use of Estimates: The preparation of consolidated financial statements in conformity with GAAP requires management to makeestimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual Impact of Recently-Issued Accounting Standards and Pronouncements: In November 2024, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2024-03,“IncomeStatement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of IncomeStatement Expenses”(“ASU 2024-03”), which amends the disclosure requirements in the notes to financial statements of specified Note 2 –Securities (In Thousands, Except Number of Securities) The amortized cost and fair value of securities available for sale were as follows as of the dates presented in the tables below. There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of March31, 2025 orDecember31, 2024. At March31, 2025 and December31, 2024, securities with a carrying value of $861,875and $818,344, respectively, were pledged tosecure government, public and trust deposits. Securities with a carrying value of $26,129and $25,526were pledged as collateral for The amortized cost and fair value of securities at March31, 2025 by contractual maturity are shown below. Expected maturities willdiffer from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties. The Company evaluates its available for sale investment securities in an unrealized loss position on a quarterly basis. If the Companyintends to sell the security or it is more likely than not that it will be required to sell before recovery, the entire unrealized loss isrecorded as a