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Renasant RNST Community Banks — Goodwill Acquired
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Where this comes from
Reported directly by Renasant in its filing.
Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.
The source filing: Renasant’s 10-K, filed February 23, 2024.
- Filed
- Feb 23, 2024
- Fiscal year
- FY2023
- Accession
- 0000715072-24-000042
| Line item | Community Banks | Insurance | Total |
|---|---|---|---|
| Balance at December 31, 2021 | $936,916 | $2,767 | $939,683 |
| Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition | 6,608 | — | 6,608 |
| Additions to goodwill from the Continental Republic Capital, LLC acquisition | 45,417 | — | 45,417 |
| Balance at December 31, 2022 | $988,941 | $2,767 | $991,708 |
| Measurement period adjustments to goodwill from the Continental Republic Capital, LLC acquisition | (43) | — | (43) |
| Balance at December 31, 2023 | $988,898 | $2,767 | $991,665 |
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is Renasant's community banks — goodwill acquired?
- Renasant (RNST) reported community banks — goodwill acquired of $38.81M in Q4 2022.
- What does community banks — goodwill acquired mean?
- This metric captures the specific amount of goodwill recognized on the balance sheet as a result of acquisitions completed during the reporting period. It represents the intangible value, such as brand reputation and customer relationships, acquired through business combinations. It is used to evaluate the scale and impact of the bank's inorganic expansion strategy.
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