RNSTHIGH SIGNALFINANCIAL10-K

RNST completed a major acquisition of The First Bancshares in April 2025, driving massive balance sheet growth and a 48% increase in outstanding shares while dramatically increasing interest expenses.

The acquisition significantly transformed RNST's scale, nearly doubling the company from ~64M to 94M shares outstanding while growing assets from $18B to $26.8B. However, the 359% spike in interest expense to $278M suggests the merger occurred during a challenging rate environment, though this was partially offset by strong net interest income growth of 42%.

Comparing 2026-03-02 vs 2025-02-26View on EDGAR →
FINANCIAL ANALYSIS

The acquisition drove comprehensive balance sheet expansion with assets, liabilities, and deposits all growing approximately 48%, while stockholders' equity increased 45% to $3.9B. Most notably, interest expenses exploded 359% to $278M due to the merger and rate environment, though net interest income still grew a healthy 42% to $1.3B and the company actually released $1.7M in credit loss provisions. Operating cash flow more than doubled to $271.5M and capital expenditures increased 147% to $33.7M, indicating successful integration of the larger combined entity with strong operational performance despite the interest cost headwinds.

FINANCIAL STATEMENT CHANGES
Interest Expense
P&L
+359.4%
$60.5M→$278.0M

Interest expense surged 359.4% — significant debt increase or rising rates materially impacting earnings.

Capital Expenditure
Cash Flow
+147.1%
$13.6M→$33.7M

Capital expenditure jumped 147.1% — major investment cycle underway; assess returns on deployment.

Operating Cash Flow
Cash Flow
+109.7%
$129.4M→$271.5M

Operating cash flow surged 109.7% — exceptional cash generation, highest quality earnings signal.

Provision for Credit Losses
P&L
-101.9%
$86.8M→-$1.7M

Provisions reduced 101.9% — improving credit quality or reserve release boosting reported earnings.

Total Liabilities
Balance Sheet
+48.9%
$15.4B→$22.9B

Liabilities grew 48.9% — significant increase in debt or obligations, assess impact on financial flexibility.

Total Assets
Balance Sheet
+48.3%
$18.0B→$26.8B

Asset base grew 48.3% — expansion through organic growth, acquisitions, or capital deployment.

Total Deposits
Balance Sheet
+47.4%
$14.6B→$21.5B

Deposits grew 47.4% — expanding customer base or increased trust in the institution.

Dividends Paid
Cash Flow
+46.3%
$53.7M→$78.6M

Dividend payments increased 46.3% — management confidence in sustained cash generation.

Stockholders Equity
Balance Sheet
+45.1%
$2.7B→$3.9B

Equity base grew 45.1% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Net Interest Income
P&L
+42.2%
$887.8M→$1.3B

Net interest income grew 42.2% — benefiting from rate environment or loan book expansion.

LANGUAGE CHANGES
NEW — 2026-03-02
PRIOR — 2025-02-26
ADDED
As of February 20, 2026, 94,142,307 shares of the registrant s common stock, par value $5.00 per share, were outstanding.
The information set forth in this Annual Report on Form 10-K is as of February 27, 2026 unless otherwise indicated herein.
BUSINESS General Renasant Corporation, a Mississippi corporation incorporated in 1982.
It owns and operates Renasant Bank, a Mississippi banking corporation with operations throughout the Southeast, and also owns and operates Park Place Capital Corporation, a Tennessee corporation and registered investment advisor with operations across our footprint.
Renasant Bank, in turn, owns and operates Continental Republic Capital, LLC (doing business as Republic Business Credit ), a Louisiana limited liability company offering factoring and asset-based lending on a nationwide basis, while Park Place Capital Corporation, in turn, owns and operates Park Place Capital Securities Corporation, a Delaware corporation and registered broker-dealer.
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REMOVED
As of February 18, 2025, 63,657,444 shares of the registrant s common stock, par value $5.00 per share, were outstanding.
including the rapid development of artificial intelligence; and other circumstances, many of which are beyond management s control.
The information set forth in this Annual Report on Form 10-K is as of February 25, 2025 unless otherwise indicated herein.
BUSINESS General Renasant Corporation, a Mississippi corporation incorporated in 1982, owns and operates Renasant Bank, a Mississippi banking corporation with operations throughout the Southeast as well as offering factoring and asset-based lending on a nationwide basis.
Renasant Bank, in turn, owns and operates Park Place Capital Corporation, a Tennessee corporation with operations across our footprint, and Continental Republic Capital, LLC (doing business as Republic Business Credit ), a Louisiana limited liability company with nationwide operations.
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