Income Statement (As Reported)

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Income Statement (As Reported)RENASANT CORPORATION (NASDAQ - RNST)  
 2011 Y2012 Y2013 Y2014 Y
Source Document12/31/201312/31/201412/31/201412/31/2014
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Interest income 
Loans 142,218137,800158,947199,844
Securities 
Taxable 19,83113,12013,39717,096
Tax-exempt 8,0958,1948,0129,073
Other 543199248396
Total interest income 170,687159,313180,604226,409
Interest expense 
Deposits 31,72919,03017,05016,069
Borrowings 9,6726,9456,3537,711
Total interest expense 41,40125,97523,40323,780
Net interest income 129,286133,338157,201202,629
Provision for loan losses 22,35018,12510,3506,167
Net interest income after provision for loan losses 106,936115,213146,851196,462
Noninterest income 
Service charges on deposit accounts 19,11118,61220,53525,383
Fees and commissions 13,12617,59519,96121,873
Insurance commissions 3,2983,6304,9768,194
Wealth management revenue 4,8646,9267,6548,655
Net gains on sales of securities 5,0571,89454375
Other-than-temporary-impairment losses on securities available for sale (15,445)NANANA
Non-credit related portion of other-than-temporary impairment on securities, recognized in other comprehensive income 15,183NANANA
Net impairment losses on securities (262)NANANA
BOLI income 2,8213,3704,0852,985
Gains on sales of mortgage loans held for sale 4,13312,49911,5738,594
Gain on acquisition 9,344NANANA
Other 3,2074,1853,1334,561
Total noninterest income 64,69968,71171,97180,620
Noninterest expense 
Salaries and employee benefits 66,13581,00298,780115,108
Data processing 7,2978,7248,87011,400
Net occupancy and equipment 13,55214,59716,95720,252
Other real estate owned 15,32613,5966,9664,593
Professional fees 4,1734,2415,5404,485
Advertising and public relations 4,0854,8355,6305,923
Intangible amortization 1,7421,3812,8695,606
Communications 4,5004,2125,1475,949
Merger-related expenses 1,65106,027694
Extinguishment of debt 1,90389800
Other 16,59616,97316,29017,185
Total noninterest expense 136,960150,459173,076191,195
Income before income taxes 34,67533,46545,74685,887
Income taxes 9,0436,82812,25926,305
Net income 25,63226,63733,48759,582
Basic earnings per share 1.021.061.231.89
Diluted earnings per share 1.021.061.221.88
Cash dividends per common share 0.680.680.680.68
Consolidated Statements of Comprehensive Income 
Net income 25,63226,63733,48759,582
Other comprehensive income, net of tax 
Securities available for sale 
Unrealized holding gains (losses) on securities 22,4433,305(6,869)7,731
Non-credit related portion of other-than-temporary impairment on securities (9,376)000
Reclassification adjustment for gains (losses) realized in net income (2,961)(1,170)71(232)
Amortization of unrealized holding gains on securities transferred to the held to maturity category (617)(350)(215)(156)
Total securities available for sale 9,4891,785(7,013)7,343
Derivative instruments 
Unrealized holding (losses) gains on derivative instruments 0(1,336)1,325(1,622)
Reclassification adjustment for gains realized in net income (377)(311)(125)0
Totals derivative instruments (377)(1,647)1,200(1,622)
Defined benefit pension and post-retirement benefit plans 
Net (loss) gain arising during the period (1,092)(756)1,957(1,529)
Less amortization of net actuarial loss recognized in net periodic pension cost 274264384183
Total defined benefit pension and post-retirement benefit plans (818)(492)2,341(1,346)
Other comprehensive (loss) income, net of tax 8,294(354)(3,472)4,375
Comprehensive income 33,92626,28330,01563,957


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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