Renasant

Renasant Corp. is a bank holding company, which engages in the provision of financial, fiduciary, and insurance services. It operates through the following segments: Community Banks, Insurance, Wealth Management, and Other. The Community Banks segment delivers banking and financial services to individuals and small to medium sized businesses including checking and savings accounts, business and personal loans, interim construction loans, specialty commercial lending, as well as safe deposit and night depository facilities. The Insurance segment includes full service insurance agency offering lines of commercial and personal insurance. The Wealth Management segment provides fiduciary services and administer qualified retirement plans, profit sharing and other employee benefit plans, personal trusts and estates. The Other segment consists of the operations of the holding company and other eliminations. The company was founded in 1982 and is headquartered in Tupelo, MS.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2023

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Earnings data Q3 2024

Renasant reports robust Q4 earnings, eyes growth post-acquisition

Renasant Corporation's Q4 2022 earnings call highlighted strong financial performance, growth in total footings, and a focus on sound banking practices.
The company's acquisition of Republic Business Credit and effective expense management position it well for future growth and profitability.
While facing challenges in deposit costs and loan growth moderation, Renasant has opportunities for expansion, revenue optimization, and market competitiveness.

Renasant reports robust Q1 earnings, eyes profitability optimization amid challenges

Renasant Corporation's Q1 2023 earnings call highlighted strong performance driven by loan growth and increased yields, underpinned by a focus on safe operations and profitability. The company faces challenges in managing deposit dynamics and optimizing expenses but has opportunities to enhance profitability through strategic margin management and leveraging its diverse loan portfolio. Executives emphasized resilience and growth despite industry pressures.

Renasant reports solid Q2 earnings, focuses on growth strategies

Renasant Corporation delivered a solid performance in Q2 2023, with strong core earnings and improved asset quality metrics.
While facing challenges from deposit pricing pressures, the company's focus on managing funding costs and growing core deposits presents opportunities for future growth.
Overall, Renasant's strategic actions to enhance financial condition and liquidity position it well for continued stability and potential growth in the future.

Renasant reports solid Q3 earnings and addresses growth challenges

Renasant Corporation's Q3 performance showcased strong earnings and positive operational metrics.
Management highlighted key strengths in asset quality, core deposits, and expense control.
Analysts raised concerns about margin pressures and funding sources while discussing growth opportunities.

Renasant reports robust Q4 earnings, eyes margin expansion opportunities

Renasant Corporation delivered strong Q4 earnings, emphasizing loan growth, asset quality, and capital strength. The company faces challenges in managing margins, expenses, and addressing analyst inquiries. However, opportunities exist for margin expansion, growth, and optimizing financial performance.

Renasant reports strong Q1 earnings, focuses on growth strategies

Renasant Corporation delivered solid financial results in Q1 2024, with a focus on loan growth, expense management, and succession planning.
While facing challenges such as declining noninterest income, the company remains well-positioned to capitalize on opportunities in mortgage revenue and cost control.
Investors can look forward to continued growth and engagement as Renasant navigates the current financial landscape with resilience and strategic planning.

Renasant reports robust Q2 earnings, faces challenges post-Insurance sale

Renasant Corporation demonstrated a strong financial performance in Q2 2024, driven by increased earnings per share and improvements in key financial metrics.
While challenges such as the impact of the Insurance sale and analyst inquiries exist, the company's focus on core strengths like relationship banking and growth opportunities position it well for the future.
By addressing challenges, leveraging strengths, and exploring growth opportunities, Renasant can navigate the current financial landscape and enhance shareholder value.

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First Bancshares

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The First Bancshares, Inc. (NYSE: FBMS) to Renasant Corporation (NYSE: RNST). Under the terms of the proposed transaction, shareholders of First will receive 1.00 share of Renasant for each share of First that they own. KSF is seeking to determine whether this consideration and the process that led to it are a.

THE FIRST BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The First Bancshares, Inc. - FBMS

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Renasant Corporation (NYSE: RNST) and The First Bancshares, Inc. is fair to Renasant shareholders. Halper Sadeh encourages Renasant shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Renasant and its board viola.

RNST Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Renasant Corporation Is Fair to Shareholders

MEMPHIS, Tenn.--(BUSINESS WIRE)--Ahead of Childhood Cancer Awareness Month in September, the Renasant Convention Center unveiled on Wednesday, Aug. 28 a new series of art pieces by 12 patients from St. Jude Children's Research Hospital®. The artwork appears on a wall measuring more than 100 feet wide on the Renasant's second floor. Its creations portray a vibrant mix of the city's landmarks, the nurturing environment of St. Jude and the realities of living with cancer and other life-threatening.

Renasant Convention Center Unveils 100-Foot Wall of Art by Patients of St. Jude Children's Research Hospital

South State

UMB Financial

Regional banks like SSB, UMBF and RNST are resorting to M&A deals to bolster their balance sheet amid deposit competition.

Regional Banks Ramp Up M&A Deals to Strengthen Balance Sheet

TUPELO, Miss., Aug. 14, 2024 (GLOBE NEWSWIRE) -- The board of directors of Renasant Corporation (NYSE: RNST) approved the payment of a quarterly cash dividend of twenty-two cents ($0.22) per share to be paid September 30, 2024, to shareholders of record as of September 16, 2024.

Renasant Corporation Declares Quarterly Dividend

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As financial stocks bounced back Tuesday from steep losses, KBW Research has recommended 11 financial stocks for investors to consider buying based on two categories: oversold or idiosyncratic with catalysts.

KBW analysts recommend these 11 financial stocks after the market sell-off

Renasant Corp RNST shares tanked in early trading on Monday, a week after announcing a public offering of 6.25 million shares.

Renasant Is On A 'Better Path' After The FBMS Deal, Says Bullish Analyst

TUPELO, Miss., July 31, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Corporation”) today announced that it has completed its public offering of an aggregate of 7,187,500 shares of its common stock (the “common stock”) at a price of $32.00 per share, including 937,500 additional shares of common stock upon the exercise in full by the underwriters of their option to purchase additional shares. The aggregate gross proceeds were $230.0 million. The net proceeds of the offering after deducting underwriting discounts and other estimated offering expenses are expected to be approximately $217.0 million. The Corporation intends to use the net proceeds of the offering for general corporate purposes to support its continued growth, including investments in Renasant Bank and future strategic acquisitions.

Renasant Corporation Announces Closing of Common Stock Offering

Renasant (RNST) agrees to acquire The First Bancshares in a 100% stock deal for $1.2 billion. This earnings-accretive transaction will result in the formation of a six-state Southeastern banking franchise.

Renasant (RNST) Set to Acquire First Bancshares for $1.2B

TUPELO, Miss., July 29, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Corporation”) today announced the pricing of its public offering of 6,250,000 shares of its common stock (the “common stock”), at a price to the public of $32.00 per share, for an aggregate offering amount of $200.0 million. In addition, the Corporation has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the public offering price, less underwriting discounts.

Renasant Corporation Announces Pricing of $200 Million Offering of Common Stock

TUPELO, Miss.--(BUSINESS WIRE)--Renasant Corporation (NYSE: RNST) (“Renasant”) and The First Bancshares, Inc. (“The First”) (NYSE: FBMS) jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which The First will merge with and into Renasant (the “Merger”) in an all-stock transaction valued at approximately $1.2 billion, based on Renasant's closing stock price as of July 26, 2024. The Merger has been approved unanimously by each company's boar.

Renasant Corporation to Acquire The First Bancshares, Inc.

Renasant Corporation (NYSE:RNST ) Q2 2024 Earnings Conference Call July 24, 2024 10:00 AM ET Company Participants Kelly Hutcheson - Chief Accounting Officer Mitch Waycaster - Executive Vice Chairman & Chief Executive Officer Jim Mabry - Chief Financial Officer Kevin Chapman - President & Chief Operating Officer David Meredith - Senior Executive Vice President & Chief Credit Officer Conference Call Participants Stephen Scouten - Piper Sandler Michael Rose - Raymond James Catherine Mealor - KBW Dave Bishop - Hovde Group Jordan Ghent - Stephens John Rodis - FIG Partners Operator Good morning, and welcome to the Renasant Corporation 2024 Second Quarter Earnings Conference Call and Webcast. All participants will be in listen-only mode.

Renasant Corporation (RNST) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Renasant (RNST) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Renasant (RNST) Reports Q2 Earnings: What Key Metrics Have to Say

Renasant (RNST) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.83 per share a year ago.

Renasant (RNST) Q2 Earnings and Revenues Surpass Estimates

TUPELO, Miss., July 23, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the second quarter of 2024.

Renasant Corporation Announces Earnings For the Second Quarter of 2024

TUPELO, Miss., July 08, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) will announce 2024 second quarter results following the NYSE's closing on Tuesday, July 23, 2024. The Company will hold executive management's quarterly webcast and conference call with analysts on Wednesday, July 24, 2024, at 10:00 AM Eastern Time (9:00 AM Central Time).

Renasant Announces 2024 Second Quarter Webcast and Conference Call Information

TUPELO, Miss., July 02, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) announced today that it has sold the assets of Renasant Insurance, Inc. to Sunstar Insurance Group, LLC (“Sunstar”) effective as of July 1, 2024.

Renasant Announces Sale of Renasant Insurance to Sunstar Insurance Group

Although the revenue and EPS for Renasant (RNST) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Renasant (RNST) Q1 Earnings

Renasant (RNST) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.82 per share a year ago.

Renasant (RNST) Q1 Earnings and Revenues Surpass Estimates

TUPELO, Miss., April 23, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the first quarter of 2024.

Renasant Corporation Announces Earnings for the First Quarter of 2024

TUPELO, Miss., April 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Renasant Corporation (the “Company”) implemented the next step of the Company's management succession plan, designating Kevin D. Chapman to become Chief Executive Officer of the Company and Renasant Bank (the “Bank”) effective May 2025. Chapman will retain his current title and duties of President of both the Company and Bank. Over the next year, current Renasant CEO, C. Mitchell Waycaster will work with Chapman on the leadership transition; in May 2025, while stepping down from the CEO position, Waycaster will continue in his role as Executive Vice Chairman of the Company and the Bank.

Renasant Announces Leadership Transition

Renasant (RNST) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Renasant (RNST) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

TUPELO, Miss., April 03, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) will announce 2024 first quarter results following the NYSE's closing on Tuesday, April 23, 2024. The Company will hold executive management's quarterly webcast and conference call with analysts on Wednesday, April 24, 2024, at 10:00 AM Eastern Time (9:00 AM Central Time).

Renasant Announces 2024 First Quarter Webcast and Conference Call Information

Renasant (RNST) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Renasant (RNST) a New Buy Stock

Renasant Corporation (RNST) Q4 2023 Earnings Call Transcript

News for Renasant Stock (RNST)