Welcome to our dedicated page for Renasant news (Ticker: RNST), a resource for investors and traders seeking the latest updates and insights on Renasant stock.
Renasant Corporation (RNST) delivers community-focused financial services through banking, insurance, and wealth management solutions. This news hub provides investors and stakeholders with official updates and strategic developments from the 120-year-old regional institution.
Track earnings announcements, leadership changes, and operational milestones alongside insights into RNST's community partnerships. Our curated collection ensures timely access to press releases and verified news affecting the company's regional market position.
Discover updates across key business areas including small business lending programs, insurance product expansions, and wealth management innovations. All content undergoes strict verification to maintain compliance with financial reporting standards.
Bookmark this page for streamlined access to RNST's evolving story. Combine historical perspective with current developments to better understand this Mississippi-born institution's growth strategy in Southern financial markets.
Renasant Corporation (RNST) reported its Q4 2022 earnings, revealing net income of $46.3 million and diluted EPS of $0.82, compared to $37.1 million and $0.66 in Q4 2021. Adjusted diluted EPS rose to $0.89 from $0.68 year-over-year. The bank completed the acquisition of Republic Business Credit, adding $77.5 million in loans. Net interest income increased to $140.6 million, with a net interest margin of 3.78%. Despite stable credit metrics, a provision for credit losses of $10.5 million was recorded due to loan growth. The bank's capital ratios remain robust, with a common equity tier 1 ratio of 10.21%.
Renasant Corporation (NASDAQ: RNST) will announce its 2022 fourth quarter results on January 24, 2023, after NASDAQ's closing. A conference call for analysts hosted by executive management will take place on January 25, 2023, at 10:00 AM ET. Investors can access the webcast through Renasant's investor relations website. The company, with approximately $16.5 billion in assets, operates 195 offices in multiple states. Forward-looking statements may be included in the announcement, with disclaimers regarding risks and uncertainties affecting future performance.
Renasant has announced PGA Tour golfer Trey Mullinax as their new Brand Ambassador. Mullinax, who won the Barbasol Championship in July 2022, brings a relatable background from Birmingham, Alabama. Renasant's Chief Marketing Officer, John Oxford, stated that Mullinax's professionalism and popularity will boost the brand's image and engagement. Mullinax aims to contribute through digital promotions and brand content, joining the roster of existing ambassadors like Kirk Herbstreit and Ally Ewing.
The board of directors of Renasant Corporation (NASDAQ: RNST) has announced a quarterly cash dividend of $0.22 per share, payable on January 1, 2023. Shareholders on record as of December 16, 2022 will be eligible for this dividend. Renasant Corporation, with approximately $16.5 billion in assets, operates 195 banking and financial service locations across several states, including Mississippi, Tennessee, and Florida.
Renasant Corporation (NASDAQ: RNST) reported strong third-quarter 2022 earnings, with net income of $46.6 million and diluted EPS of $0.83, reflecting a notable increase from $39.7 million and $0.71 in the prior quarter. The net interest margin rose to 3.54%, contributing to a net interest income of $132.4 million, up $17.1 million sequentially. However, total deposits decreased by $331.8 million, primarily due to a reduction in interest-bearing deposits. Credit quality remains stable, with nonperforming loans at 0.5% of total loans, while the company’s capital ratios reflect solid positions.
Renasant Corporation (NASDAQ: RNST) will announce its third quarter results on October 25, 2022, after NASDAQ's close. A conference call is scheduled for October 26, 2022, at 10:00 AM ET, accessible via the company's investor relations website or by phone. Renasant Corporation, with assets of approximately $16.6 billion, operates 195 locations across multiple states. Investors should consider potential risks, including interest rate fluctuations and economic recession, which could impact future performance.
The board of directors of Renasant Corporation (NASDAQ: RNST) has declared a quarterly cash dividend of $0.22 per share, set to be paid on September 30, 2022. Shareholders on record as of September 16, 2022 will receive this dividend, reflecting the company's ongoing commitment to returning value to its investors. Renasant Corporation, with approximately $16.6 billion in assets, operates 195 offices across several states, providing a range of financial services.
Renasant Corporation announces key organizational changes within its Mortgage Lending Division. David Mays, with nearly 20 years of leadership, transitions to Chairman, focusing on strategic advisory. Mark Harmon takes over as Senior Vice President and President, managing daily operations after joining Renasant in 2014. Additionally, Micah Stringer becomes Senior Vice President and Mortgage Retail Director, emphasizing growth and staffing in the retail sector. These leadership changes aim to enhance efficiency and continue long-term investments in mortgage banking.
Renasant Corporation (NASDAQ: RNST) reported a net income of $39.7 million for Q2 2022, slightly down from $40.9 million in Q2 2021. Earnings per share (EPS) were $0.71, a decrease from $0.73 year-over-year. The net interest income rose to $115.3 million, reflecting a $13.9 million increase from the previous quarter. The net interest margin improved to 3.11%, up 35 basis points. However, noninterest expense grew by $4.1 million, primarily due to salary increases and a restructuring charge. Despite a decline in total deposits, loans grew by $290.3 million, or 11.3% annualized.
FAQ
What is the current stock price of Renasant (RNST)?
What is the market cap of Renasant (RNST)?
