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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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.

Renasant reports solid Q3 earnings amidst margin compression challenges

Renasant Corporation delivered a strong financial performance in Q3 2024, driven by growth in net interest income and stable asset quality metrics.
While facing challenges such as margin compression and declining mortgage division income, the company emphasized liquidity and capital strength for future growth.
Opportunities lie in strategic growth initiatives, successful transactions, and maintaining strong deposit behavior to support expansion and lending activities.

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TUPELO, Miss., July 12, 2022 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ: RNST) (the “Company”) will announce 2022 second quarter results following the NASDAQ's closing on Tuesday, July 26, 2022. The Company will hold executive management's quarterly webcast and conference call with analysts on Wednesday, July 27, 2022, at 10:00 AM Eastern Time (9:00 AM Central Time).

Renasant Announces 2022 Second Quarter Webcast and Conference Call Information

NASHVILLE, Tenn., April 28, 2022 (GLOBE NEWSWIRE) -- Renasant Bank today announced that Walker Zimmerman, center-back for the Nashville Soccer Club, has joined Renasant as a Brand Ambassador and spokesperson.

Zimmerman Joins Renasant as Brand Ambassador

Renasant Corporation (NASDAQ:RNST ) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET Company Participants Mitch Waycaster - President and CEO Kevin Chapman - Senior EVP and COO Jim Mabry - EVP and CFO Kelly Hutcheson - EVP and CAO Conference Call Participants Brad Milsaps - Piper Sandler Catherine Mealor - KBW Kevin Fitzsimmons - D.A. Davidson Brandon King - Truist Securities Operator Good day and welcome to the Renasant Corporation 2022 First Quarter Earnings Conference Call and Webcast.

Renasant Corporation (RNST) CEO Mitch Waycaster on Q1 2022 Earnings Call Transcript

Renasant (RNST) delivered earnings and revenue surprises of 3.45% and 3.55%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Renasant (RNST) Beats Q1 Earnings Estimates

TUPELO, Miss., April 26, 2022 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ: RNST) (the “Company”), the parent company of Renasant Bank, today announced its plans to eliminate both consumer (retail) non-sufficient funds (NSF) fees and certain consumer overdraft fees as well as transfer fees to linked consumer checking accounts by the end of 2022.

Renasant to Eliminate NSF and Certain Overdraft Fees

TUPELO, Miss., April 26, 2022 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ: RNST) (the “Company”) today announced earnings results for the first quarter of 2022. Net income for the first quarter of 2022 was $33.5 million, as compared to $57.9 million for the first quarter of 2021. Basic and diluted earnings per share (“EPS”) were $0.60 for the first quarter of 2022, as compared to basic and diluted EPS of $1.03 and $1.02, respectively, for the first quarter of 2021.

Renasant Corporation Announces Earnings For the First Quarter of 2022

Renasant (RNST) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Renasant (RNST)

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: Can the Stock Move Higher?

TUPELO, Miss., April 19, 2022 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ: RNST) today announced that Forbes has named Renasant Bank as one of the best banks in the world in its World's Best Banks 2022 report, ranking it as the sixth best bank in the United States.

Renasant Named a Top Bank by Forbes

TUPELO, Miss., April 12, 2022 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ: RNST) (the “Company”) will announce 2022 first quarter results following the NASDAQ's closing on Tuesday, April 26, 2022. The Company will hold executive management's quarterly webcast and conference call with analysts on Wednesday, April 27, 2022, at 10:00 AM Eastern Time (9:00 AM Central Time).

Renasant Announces 2022 First Quarter Webcast and Conference Call Information

Renasant (RNST) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

After Plunging 9.4% in 4 Weeks, Here's Why the Trend Might Reverse for Renasant (RNST)

Renasant Corporation (RNST) CEO Mitch Waycaster on Q4 2021 Results - Earnings Call Transcript

Renasant (RNST) delivered earnings and revenue surprises of 4.62% and 0.74%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Renasant (RNST) Q4 Earnings and Revenues Top Estimates

TUPELO, Miss., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ: RNST) (the “Company”) today announced earnings results for the fourth quarter of 2021. Net income for the fourth quarter of 2021 was $37.1 million, as compared to $31.5 million for the fourth quarter of 2020. Basic and diluted earnings per share (“EPS”) were $0.66 for the fourth quarter of 2021, as compared to basic and diluted EPS of $0.56 for the fourth quarter of 2020.

Renasant Corporation Announces Earnings for the Fourth Quarter of 2021

TUPELO, Miss., Jan. 13, 2022 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ: RNST) (the “Company”) will announce 2021 fourth quarter results following the NASDAQ's closing on Tuesday, January 25, 2022. The Company will hold executive management's quarterly webcast and conference call with analysts on Wednesday, January 26, 2022, at 10:00 AM Eastern Time (9:00 AM Central Time).

Renasant Announces 2021 Fourth Quarter Webcast and Conference Call Information

TUPELO, Miss., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Renasant Corporation (Nasdaq: RNST) (the “Company”), the parent company of Renasant Bank, today announced the pricing of its public offering of $200 million aggregate principal amount of 3.00% Fixed-to-Floating Rate Subordinated Notes due 2031 (the “Notes”). The Notes, which have an initial fixed interest rate of 3.00% until December 1, 2026, payable semi-annually in arrears, and a 10-year term, were offered to the public at par. Commencing December 1, 2026, the interest rate on the Notes resets quarterly to a floating rate per annum equal to a benchmark rate that is expected to be Three-Month Term SOFR (which is defined in the Notes), plus 191 basis points, payable quarterly in arrears. The Company may redeem the Notes, in whole or in part, after December 1, 2026, at a price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest.

Renasant Corporation Announces Pricing of Subordinated Notes

TUPELO, Miss., Nov. 02, 2021 (GLOBE NEWSWIRE) -- Renasant is pleased to announce that Renasant Board of Directors Member Sean Suggs, Group Vice President and Chief Social Innovation Officer at Toyota Motor North America, has been named one of Savoy Magazine's Most Influential Black Corporate Directors for 2021. Click here to read the entire list.

Renasant Board Member Recognized in Savoy Magazine's 2021 Most Influential Black Corporate Directors List

Renasant Corporation (RNST) CEO Mitch Waycaster on Q3 2021 Results - Earnings Call Transcript

Renasant (RNST) delivered earnings and revenue surprises of 5.97% and 1.75%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Renasant (RNST) Q3 Earnings and Revenues Surpass Estimates

TUPELO, Miss., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ: RNST) (the “Company”) today announced earnings results for the third quarter of 2021. Net income for the third quarter of 2021 was $40.1 million, as compared to $30.0 million for the third quarter of 2020. Basic and diluted earnings per share (“EPS”) were $0.71 for the third quarter of 2021, as compared to basic and diluted EPS of $0.53 for the third quarter of 2020.

Renasant Corporation Announces Earnings for the Third Quarter of 2021

TUPELO, Miss., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Renasant is pleased to announce that it has been named Best Big Bank in Mississippi by Newsweek® in America's Best Banks 2022. Newsweek partnered with LendingTree, the online marketplace and comparison site for financial services, for their annual Best Banks rankings. They assessed thousands of FDIC-insured banks and credit unions, and the savings and checking accounts they offer, based on more than 50 different factors to land on best-in-class options in 26 different categories. The list can currently be viewed here.

Newsweek® Names Renasant Best Big Bank in Mississippi

TUPELO, Miss., Oct. 08, 2021 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ: RNST) (the “Company”) will announce 2021 third quarter results following the NASDAQ's closing on Thursday, October 28, 2021. The Company will hold executive management's quarterly webcast and conference call with analysts on Friday, October 29, 2021, at 10:00 AM Eastern Time (9:00 AM Central Time).

Renasant Announces 2021 Third Quarter Webcast and Conference Call Information

Renasant Corporation's (RNST) CEO Mitch Waycaster on Q2 2021 Results - Earnings Call Transcript

Renasant (RNST) delivered earnings and revenue surprises of -3.95% and -6.71%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Renasant (RNST) Q2 Earnings and Revenues Lag Estimates

Shares of Renasant (NASDAQ:RNST) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 40.38% year over year to $0.73, which missed the estimate of $0.78.

News for Renasant Stock (RNST)