RENASANT CORP (RNST) FY2025 10-K Annual Report

Filed: Mar 2, 2026
Financials
State Commercial BanksSEC EDGAR

RENASANT CORP (RNST) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 2, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

RENASANT CORP FY2025 10-K Analysis

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

RENASANT CORP FY2025 Key Financial Metrics
XBRL

Revenue

$1.3B

+42.2% YoY

Net Income

$181M

-7.3% YoY

Net Margin

14.4%

-766bp YoY

ROE

4.7%

-263bp YoY

Total Assets

$26.8B

+48.3% YoY

EPS (Diluted)

$2.07

-36.7% YoY

Operating Cash Flow

$271M

+109.7% YoY

Source: XBRL data from RENASANT CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.

Get deeper insights on RENASANT CORP

Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.