Income Statement (As Reported)

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Income Statement (As Reported)RENASANT CORPORATION (NASDAQ - RNST)  
 2011 Y2012 Y2013 Y2014 Y2015 Q2 YTD
Source Document12/31/201312/31/201412/31/201412/31/20146/30/2015
(in thousands)     
Interest income 
Loans 142,218137,800158,947199,84497,891
Taxable 19,83113,12013,39717,0968,441
Tax-exempt 8,0958,1948,0129,0734,500
Other 543199248396103
Total interest income 170,687159,313180,604226,409110,935
Interest expense 
Deposits 31,72919,03017,05016,0696,608
Borrowings 9,6726,9456,3537,7113,815
Total interest expense 41,40125,97523,40323,78010,423
Net interest income 129,286133,338157,201202,629100,512
Provision for loan losses 22,35018,12510,3506,1672,250
Net interest income after provision for loan losses 106,936115,213146,851196,46298,262
Noninterest income 
Service charges on deposit accounts 19,11118,61220,53525,38312,025
Fees and commissions 13,12617,59519,96121,87310,278
Insurance commissions 3,2983,6304,9768,1944,086
Wealth management revenue 4,8646,9267,6548,6554,438
Gains on sales of securities 5,0571,8945437596
Other-than-temporary-impairment losses on securities available for sale (15,445)NANANANA
Non-credit related portion of other-than-temporary impairment on securities, recognized in other comprehensive income 15,183NANANANA
Net impairment losses on securities (262)NANANANA
BOLI income 2,8213,3704,0852,9851,558
Gains on sales of mortgage loans held for sale 4,13312,49911,5738,59410,040
Gain on acquisition 9,344NANANANA
Other 3,2074,1853,1334,5612,300
Total noninterest income 64,69968,71171,97180,62044,821
Noninterest expense 
Salaries and employee benefits 66,13581,00298,780115,10858,654
Data processing 7,2978,7248,87011,4006,333
Net occupancy and equipment 13,55214,59716,95720,25211,083
Other real estate owned 15,32613,5966,9664,5931,486
Professional fees 4,1734,2415,5404,4851,996
Advertising and public relations 4,0854,8355,6305,9232,784
Intangible amortization 1,7421,3812,8695,6062,514
Communications 4,5004,2125,1475,9492,924
Merger-related expenses 1,65106,0276941,945
Extinguishment of debt 1,90389800NA
Other 16,59616,97316,29017,1858,871
Total noninterest expense 136,960150,459173,076191,19598,590
Income before income taxes 34,67533,46545,74685,88744,493
Income taxes 9,0436,82812,25926,30513,859
Net income 25,63226,63733,48759,58230,634
Basic earnings per share
Diluted earnings per share
Cash dividends per common share 0.680.680.680.680.34
Consolidated Statements of Comprehensive Income 
Net income 25,63226,63733,48759,58230,634
Other comprehensive income, net of tax 
Net change in unrealized holding (losses) gains on securities 22,4433,305(6,869)7,731(1,212)
Non-credit related portion of other-than-temporary impairment on securities (9,376)000NA
Reclassification adjustment for gains (losses) realized in net income (2,961)(1,170)71(232)NA
Reclassification adjustment for gains realized in net income (377)(311)(125)0(60)
Amortization of unrealized holding gains on securities transferred to the held to maturity category (617)(350)(215)(156)(60)
Total securities 9,4891,785(7,013)7,343(1,332)
Derivative instruments 
Net change in unrealized holding gains (losses) on derivative instruments 0(1,336)1,325(1,622)194
Totals derivative instruments (377)(1,647)1,200(1,622)194
Defined benefit pension and post-retirement benefit plans 
Net (loss) gain arising during the period (1,092)(756)1,957(1,529)NA
Amortization of net actuarial loss recognized in net periodic pension cost 274264384183125
Total defined benefit pension and post-retirement benefit plans (818)(492)2,341(1,346)125
Other comprehensive (loss) income, net of tax 8,294(354)(3,472)4,375(1,013)
Comprehensive income 33,92626,28330,01563,95729,621

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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