Renasant Corporation (RNST) Financial Statements (2024 and earlier)

Company Profile

Business Address 209 TROY STREET
TUPELO, MS 38804-4827
State of Incorp. MS
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments946,899847,697575,992479,5001,010,4681,607,493
Cash and cash equivalents946,899847,697575,992479,5001,010,4681,607,493
Net investment in lease, before allowance for credit loss   37,301   
Total current assets:946,899847,697613,293479,5001,010,4681,607,493
Noncurrent Assets
Operating lease, right-of-use asset   54,930   
Net investment in lease, before allowance for credit loss   6,127   
Property, plant and equipment285,952287,006283,595284,062284,035285,344
Intangible assets, net (including goodwill)1,013,0461,014,4151,015,884966,461967,713969,022
Goodwill991,665991,665991,708946,291946,291946,291
Intangible assets, net (excluding goodwill)21,38122,75024,17620,17021,42222,731
Total noncurrent assets:1,298,9981,301,4211,360,5361,250,5231,251,7481,254,366
Other undisclosed assets14,978,44515,324,96515,014,34714,741,07614,355,88514,001,898
TOTAL ASSETS:17,224,34217,474,08316,988,17616,471,09916,618,10116,863,757
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt257,305732,057712,232312,818112,642111,279
Total current liabilities:257,305732,057712,232312,818112,642111,279
Noncurrent Liabilities
Other undisclosed liabilities14,758,40914,554,72614,139,92814,066,00014,388,58214,614,836
Total liabilities:15,015,71415,286,78314,852,16014,378,81814,501,22414,726,115
Equity
Equity, attributable to parent2,208,6282,187,3002,136,0162,092,2812,116,8772,137,642
Common stock296,483296,483296,483296,483296,483296,483
Treasury stock, value(105,589)(107,559)(111,577)(111,577)(112,295)(114,050)
Additional paid in capital1,301,8831,299,4581,302,4221,299,4761,298,2071,297,088
Accumulated other comprehensive loss(191,461)(192,324)(209,037)(216,052)(155,398)(104,569)
Retained earnings907,312891,242857,725823,951789,880762,690
Total equity:2,208,6282,187,3002,136,0162,092,2812,116,8772,137,642
TOTAL LIABILITIES AND EQUITY:17,224,34217,474,08316,988,17616,471,09916,618,10116,863,757

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues199,975186,491167,567146,241126,011112,745
Net investment income197,166184,045165,066143,133123,420110,191
Cost of revenue(3,028)(7,976)(23,798)(24)(17)(3)
Cost of goods and services sold(28)(16)(10)(24)(17)(3)
Provision for loan, lease, and other losses(3,000)(7,960)(23,788)   
Gross profit:196,947178,515143,769146,217125,994112,742
Operating expenses(26,638)(26,597)(25,453)(24,358)(25,330)(26,374)
Other operating income, net
(Noninterest Income, Other Operating Income)
4,6244,3913,0853,2763,8633,650
Operating income:174,933156,309121,401125,135104,52790,018
Nonoperating income2,3963,0982,5792,3502,5972,444
Bank owned life insurance income2,4023,0032,4872,2962,3312,153
Interest and debt expense(66,950)(48,270)(27,230)(12,815)(9,905)(10,562)
Income from continuing operations before equity method investments, income taxes:110,379111,13796,750114,67097,21981,900
Other undisclosed loss from continuing operations before income taxes(75,102)(53,737)(37,589)(54,540)(46,684)(40,418)
Income from continuing operations before income taxes:35,27757,40059,16160,13050,53541,482
Income tax expense(6,634)(11,322)(12,885)(13,563)(10,857)(7,935)
Income from continuing operations:28,64346,07846,27646,56739,67833,547
Income before gain (loss) on sale of properties:46,56739,67833,547
Net income available to common stockholders, diluted:28,64346,07846,27646,56739,67833,547

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:28,64346,07846,27646,56739,67833,547
Other comprehensive income (loss)86316,7137,015(60,654)(50,829)(94,126)
Comprehensive income (loss), net of tax, attributable to parent:29,50662,79153,291(14,087)(11,151)(60,579)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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