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Renasant Corp (RNST) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Renasant Corp

HISTORY TOOLS
CIK: 715072 Ticker: RNST



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Contacts:For Media:For Financials:
John Oxford
Kevin Chapman
Senior Vice PresidentExecutive Vice President
Director of Marketing and Public RelationsChief Operating and Financial Officer
(662) 680-1219(662) 680-1450
joxford@renasant.comkchapman@renasant.com

RENASANT CORPORATION ANNOUNCES
EARNINGS FOR THE SECOND QUARTER OF 2020

TUPELO, MISSISSIPPI (July 27, 2020)
 - Renasant Corporation (NASDAQ: RNST) (the “Company”) today announced earnings results for the second quarter of 2020. Net income for the second quarter of 2020 was $20.1 million, as compared to $46.6 million for the second quarter of 2019. Basic and diluted earnings per share (“EPS”) were $0.36 for the second quarter of 2020, as compared to basic and diluted EPS of $0.80 for the second quarter of 2019.

Net income for the six months ending June 30, 2020, was $22.1 million, as compared to net income of $91.7 million for the same time period in 2019. Basic and diluted EPS were $0.39 for the first six months of 2020, as compared to basic and diluted EPS of $1.57 and $1.56, respectively, for the first six months of 2019.

“Our second quarter results reflect a rebound in core earnings when compared to the first quarter and truly highlight our team’s continued commitment to the core operations of the bank,” commented C. Mitchell Waycaster, Renasant President and Chief Executive Officer. “Our team members are continuing to execute our long-term strategy throughout our footprint while providing extraordinary service to our customers. During the quarter, our team closed over
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The following information was filed by Renasant Corp (RNST) on Monday, July 27, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Renasant Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical) (Unaudited)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) (Unaudited)
Consolidated Statements Of Changes In Shareholders' Equity (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited)
Consolidated Statements Of Income (Unaudited)
Allowance For Credit Losses
Allowance For Credit Losses (Tables)
Allowance For Credit Losses - Additional Information (Details)
Allowance For Credit Losses - Investment In Loans, Net Of Unearned Income On Impairment Methodology (Details)
Allowance For Credit Losses - Roll Forward Of The Allowance For Loan Losses (Details)
Allowance For Credit Losses - Summary Of Total Non Purchased And Purchased Loans (Details)
Allowance For Credit Losses - Unfunded Loan Commitments (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Derivative Financial Instruments (Details)
Derivative Instruments - Gains (Losses) On Derivative Financial Instruments (Details)
Derivative Instruments - Gross And Net Derivative Positions, Including Pledged Collateral (Details)
Derivative Instruments - Narrative (Details)
Employee Benefit And Deferred Compensation Plans
Employee Benefit And Deferred Compensation Plans (Tables)
Employee Benefit And Deferred Compensation Plans - Narrative (Details)
Employee Benefit And Deferred Compensation Plans - Plan Expense For Non-Contributory Benefit Pension Plan And Post-Retirement Health And Life Plans (Details)
Employee Benefit And Deferred Compensation Plans - Summary Of The Changes In Restricted Stock (Details)
Employee Benefit And Deferred Compensation Plans - Summary Of The Changes In Stock Options (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details)
Fair Value Measurements - Assets And Liabilities Not Measured And Reported At Fair Value On A Recurring Basis Or Nonrecurring Basis (Details)
Fair Value Measurements - Assets Measured At Fair Value On A Nonrecurring Basis (Details)
Fair Value Measurements - Narrative (Details)
Fair Value Measurements - Oreo Measured At Fair Value On A Nonrecurring Basis (Details)
Fair Value Measurements - Reconciliation For Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details)
Fair Value Measurements - Significant Unobservable Inputs (Level 3) Used In Valuation Of Assets And Liabilities Measured At Fair Value On Non-Recurring Basis (Details)
Fair Value Measurements - Significant Unobservable Inputs (Level 3) Used In Valuation Of Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Fair Value Measurements - Summarizes Differences Between Fair Value And Principal Balance For Mortgage Loans Held For Sale Measure At Fair Value (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Carrying Amounts Of Goodwill By Operating Segments (Details)
Goodwill And Other Intangible Assets - Current Year Amortization Expense For Finite-Lived Intangible Assets (Details)
Goodwill And Other Intangible Assets - Estimated Amortization Expense Of Finite-Lived Intangible Assets (Details)
Goodwill And Other Intangible Assets - Summary Of Finite-Lived Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Income Taxes - Significant Components Of The Company's Deferred Tax Assets And Liabilities (Details)
Mortgage Servicing Rights
Mortgage Servicing Rights (Tables)
Mortgage Servicing Rights - Changes In The Company's Msrs (Details)
Mortgage Servicing Rights - Data And Key Economic Assumptions Related To The Company's Mrss (Details)
Mortgage Servicing Rights - Narrative (Details)
Net Income Per Common Share
Net Income Per Common Share (Tables)
Net Income Per Common Share - Antidilutive Securities (Details)
Net Income Per Common Share - Basic And Diluted Net Income Per Common Share (Details)
Non Purchased Loans
Non Purchased Loans (Tables)
Non Purchased Loans - Aging Of Past Due And Nonaccrual Loans (Details)
Non Purchased Loans - Changes In Restructured Loans (Details)
Non Purchased Loans - Impact Of Modifications Classified As Restructured Loans (Details)
Non Purchased Loans - Impaired Loans (Details)
Non Purchased Loans - Investment And Interest Income Recognized On Impaired Loans (Details)
Non Purchased Loans - Loan Portfolio By Risk-Rating Grades (Details)
Non Purchased Loans - Loan Portfolio Not Subject To Risk Rating (Details)
Non Purchased Loans - Narrative (Details)
Non Purchased Loans - Summary Of Non-Purchased Loans And Leases (Details)
Other Comprehensive Income
Other Comprehensive Income (Tables)
Other Comprehensive Income - Accumulated Balances For Each Component Of Other Comprehensive Income (Loss), Net Of Tax (Details)
Other Comprehensive Income - Changes In The Components Of Other Comprehensive Income (Loss), Net Of Tax (Details)
Other Real Estate Owned
Other Real Estate Owned (Tables)
Other Real Estate Owned - Changes In Purchased And Non-Purchased Oreo (Details)
Other Real Estate Owned - Components Of Oreo In The Consolidated Statements Of Income (Details)
Other Real Estate Owned - Covered And Not Covered Under A Loss-Share Agreement, Net Of Valuation Allowances And Direct Write-Downs (Details)
Purchased Loans
Purchased Loans (Tables)
Purchased Loans - Aging Of Past Due And Nonaccrual Loans (Details)
Purchased Loans - Average Recorded Investment And Interest Income On Impaired Loans (Details)
Purchased Loans - Changes In Restructured Loans (Details)
Purchased Loans - Impact Of Modifications Classified As Restructured Loans (Details)
Purchased Loans - Impaired Loans And Average Recorded Investment (Details)
Purchased Loans - Investment And Interest Income Recognized On Impaired Loans (Details) (Details)
Purchased Loans - Loan Portfolio By Risk-Rating Grades (Details)
Purchased Loans - Loan Portfolio Not Subject To Risk Rating (Details)
Purchased Loans - Loans Acquired With Deteriorated Credit Quality (Details)
Purchased Loans - Narrative (Details)
Purchased Loans - Summary Of Purchased Loans (Details)
Purchased Loans Purchased Loans - Loans Purchased With Deteriorated Credit Quality (Details)
Regulatory Matters
Regulatory Matters (Tables)
Regulatory Matters - Capital And Risk-Based Capital And Leverage Ratios (Details)
Regulatory Matters - Guidelines Governing The Classification Of Capital Tiers (Details)
Securities
Securities (Tables)
Securities - Amortized Cost And Fair Value Of Securities Available For Sale (Details)
Securities - Amortized Cost And Fair Value Of Securities By Contractual Maturity (Details)
Securities - Gross Realized Gains And Losses (Details)
Securities - Gross Unrealized Losses And Fair Value By Investment Category (Details)
Securities - Narrative (Details)
Securities - Securities Sold (Details)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Financial Information For Operating Segments (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Cecl Adjustments (Details)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (Tables)

Material Contracts, Statements, Certifications & more

Renasant Corp provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Ticker: RNST
CIK: 715072
Form Type: 10-Q Quarterly Report
Accession Number: 0000715072-20-000199
Submitted to the SEC: Wed Aug 05 2020 4:54:28 PM EST
Accepted by the SEC: Wed Aug 05 2020
Period: Tuesday, June 30, 2020
Industry: State Commercial Banks

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