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Renasant Corporation (Parent Company Only) Condensed Financial Information | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Renasant Corporation (Parent Company Only) Condensed Financial Information | Renasant Corporation (Parent Company Only) Condensed Financial Information (In Thousands) 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 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 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 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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