Renasant Corporation (Parent Company Only) Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Schedule of Balance Sheets

Balance Sheets

	December 31,
	2024		2023
Assets
Cash and cash equivalents(1)	$	405,782	$	169,597
Investment in bank subsidiary(2)	2,694,503		2,541,195
Accrued interest receivable on bank balances(2)	27		27
Other assets	30,726		37,268
Total assets	$	3,131,038	$	2,748,087
Liabilities and shareholders’ equity
Junior subordinated debentures	$	113,916	$	112,978
Subordinated notes	316,698		316,422
Other liabilities	22,106		21,304
Shareholders’ equity	2,678,318		2,297,383
Total liabilities and shareholders’ equity	$	3,131,038	$	2,748,087

(1)Eliminates in consolidation, with the exception of $2,092 and $1,987 in 2024 and 2023, respectively, pledged for collateral and held at non-subsidiary bank

(2)Eliminates in consolidation

Schedule of Statements of Income

Statements of Income

	Year Ended December 31,
	2024		2023		2022
Income
Dividends from bank subsidiary(1)	$	75,907	$	72,042	$	68,114
Interest income from bank subsidiary(1)	39		28		5
Other dividends	270		260		134
Other income	354		919		85
Total income	76,570		73,249		68,338
Expenses	30,768		30,544		24,264
Income before income tax benefit and equity in undistributed net income of bank subsidiary	45,802		42,705		44,074
Income tax benefit	(7,842)		(7,577)		(6,231)
Equity in undistributed net income of bank subsidiary(1)	141,813		94,396		115,763
Net income	$	195,457	$	144,678	$	166,068

(1)Eliminates in consolidation

Schedule of Statements of Cash Flows

Statements of Cash Flows

	Year Ended December 31,
	2024		2023		2022
Operating activities
Net income	$	195,457	$	144,678	$	166,068
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of bank subsidiary	(141,813)		(94,396)		(115,763)
Amortization/depreciation	1,425		1,770		1,478
Increase (decrease) in other assets	6,540		(8,824)		284
Increase in other liabilities	11,303		8,921		9,225
Net cash provided by operating activities	72,912		52,149		61,292
Investing activities
Sales and maturities of securities and available for sale	—		—		2,000
Net cash provided by investing activities	—		—		2,000
Financing activities
Cash paid for dividends	(53,727)		(50,279)		(49,991)
Repayment of long-term debt	—		—		(30,000)
Proceeds from equity offering	217,000		—		—
Net cash provided by (used in) financing activities	163,273		(50,279)		(79,991)
Increase (decrease) in cash and cash equivalents	236,185		1,870		(16,699)
Cash and cash equivalents at beginning of year	169,597		167,727		184,426
Cash and cash equivalents at end of year	$	405,782	$	169,597	$	167,727