Short answer
RENASANT CORP (RNST) filed its fiscal 2025 10-K annual report with the SEC on Mar 2, 2026. It reported revenue of $1.3B (+42.2% year over year) and net income of $181M.
- Top risk flagged: Regulatory risk from FDIC deposit insurance hikes under Dodd-Frank Act, with 2 basis point increase effective Q1 2023 and special December 2023 assessments
FY2025 key financial metrics · XBRL
- Revenue
- $1.3B
- +42.2% YoY
- Net income
- $181M
- −7.3% YoY
- EPS (diluted)
- $2.07
- −36.7% YoY
- ROE
- 4.7%
- −2.6 pp YoY
- Operating cash flow
- $271M
- +109.7% YoY
Source: XBRL data from the RENASANT CORP (RNST) FY2025 10-K on SEC EDGAR. USD.
RENASANT CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Regional community banking with integrated wealth management and asset-based lending services across Southeastern U.S. markets
- Strategic shift: Completed merger with The First Bancshares, Inc. in April 2025, expanding footprint and consolidating subsidiary insurance operations which were fully divested by December 2025
- Segment change: Exited insurance segment after selling Renasant Insurance, Inc. assets in July 2024 and Southwest Georgia Insurance Services assets by end of 2025
- Quantitative metric: Total 277 community bank offices as of Dec 31, 2025; mortgage originations of approximately $2.4 billion in 2025 for secondary market sales
- Noteworthy fact: Bank became a state member of the Federal Reserve System effective Jan 31, 2026, resulting in new regulatory oversight and compliance requirements
Management Discussion & Analysis
- Revenue net interest income $820.6M, up 56.97% YoY from $522.5M, total noninterest income $181.9M, down 10.69% YoY from $203.7M
- Net income $181.3M, down from $195.5M; net interest margin 3.79% vs 3.34%; noninterest expense $651.7M up from $461.6M
- Best performing: Commercial real estate non-owner occupied loans $6.25B (32.79% concentration); worst: noninterest income decline mainly due to no insurance agency gain in 2025
- Deposits $21.47B, up from $14.57B, boosted by $6.45B from acquisition; total borrowings $1.06B with long-term debt $499.8M; capex and dividends details not disclosed
- Forward outlook: focus on stable funding growth, managing interest rate risk and liquidity; merger integration costs impacted 2025; no explicit guidance disclosed
Risk Factors
- Regulatory risk from FDIC deposit insurance hikes under Dodd-Frank Act, with 2 basis point increase effective Q1 2023 and special December 2023 assessments
- Geopolitical/macro exposure to March 2023 US bank failures causing deposit outflows to larger banks and surging funding costs
- Operational vulnerability from 75.10% of loan portfolio in higher-risk C&I, construction, and commercial real estate loans with large individual balances
- Competitive risk from national, regional, and fintech firms with lower cost structures and fewer regulatory constraints
- Financial risk from significant concentration with 84.64% of loans secured by real estate collateral susceptible to market value declines
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.