Renasant Stock Price, News & Analysis

Renasant Corporation (NASDAQ: RNST) has been recognized by Forbes as one of the World’s Best Banks 2022, ranking sixth among U.S. banks. This evaluation is based on a survey of over 45,000 customers assessing factors such as satisfaction, trust, and digital services. Renasant’s CEO, Mitch Waycaster, expressed pride in this accolade, highlighting the achievements of their dedicated team. The bank has previously received multiple awards, including Newsweek’s Best Big Bank in Mississippi for 2022 and accolades from Forbes and Time Magazine in prior years.

Renasant Corporation (NASDAQ: RNST) will announce its 2022 first quarter results after NASDAQ's close on April 26, 2022. A conference call for analysts will take place on April 27, 2022, at 10:00 AM ET, accessible via Renasant's investor relations website and by phone. The quarterly results webcast will be archived for one year. Renasant has approximately $16.8 billion in assets and operates 199 banking and financial service locations across several states.

The board of directors of Renasant Corporation (NASDAQ: RNST) announced a quarterly cash dividend of $0.22 per share, scheduled for payment on March 31, 2022. Shareholders on record as of March 17, 2022 will be eligible. Renasant Corporation, which operates Renasant Bank, has assets totaling approximately $16.8 billion and provides financial services through 199 locations in several states. This dividend reflects the company's ongoing commitment to returning value to its shareholders.

Renasant Corporation (NASDAQ: RNST) reported strong earnings for Q4 2021, with net income of $37.1 million, up from $31.5 million in Q4 2020. The company’s EPS rose to $0.66, compared to $0.56 year-over-year. For the full year, net income reached $175.9 million, doubling from $83.7 million in 2020, with an annual EPS of $3.13. Despite a modest decline in net interest margin to 2.81%, the firm achieved notable growth in loan production and improved credit metrics, indicating robust operational performance and liquidity heading into 2022.

Renasant Corporation (NASDAQ: RNST) will announce its 2021 fourth quarter results after NASDAQ closing on January 25, 2022. The company will host a webcast and conference call on January 26, 2022, at 10:00 AM ET to discuss these results. Interested participants can access the webcast on Renasant's investor relations website or via telephone. Renasant, with approximately $16 billion in assets and 199 offices across multiple states, is a long-established financial services institution. The webcast will be archived for one year.

Renasant Corporation (Nasdaq: RNST) announced a public offering of $200 million in 3.00% Fixed-to-Floating Rate Subordinated Notes due 2031. The initial fixed interest rate is 3.00% until December 1, 2026, after which it will reset quarterly based on a benchmark rate. The offering aims to enhance Tier 2 capital, with expected net proceeds of $197.5 million to support organic growth and strategic acquisitions. The deal is set to close on November 23, 2021, pending customary conditions.

The board of directors of Renasant Corporation (NASDAQ: RNST) has approved a quarterly cash dividend of $0.22 per share, set to be paid on January 1, 2022. Shareholders must be on record by December 17, 2021 to qualify for this dividend. Renasant Corporation, parent of Renasant Bank, boasts approximately $16.2 billion in assets and operates 200 offices across several states, including Mississippi, Tennessee, and Georgia.

Renasant announces that Sean Suggs, a Board Member and Toyota's Chief Social Innovation Officer, was recognized as one of Savoy Magazine's Most Influential Black Corporate Directors for 2021. Suggs expressed his honor in this recognition, highlighting his commitment to community upliftment and diversity. Renasant's Executive Chairman, Robin McGraw, praised Suggs for his leadership and contributions. Suggs has served on Renasant's Board since May 2018 and holds significant roles in various organizations, emphasizing his commitment to service and diversity.

Renasant Corporation (RNST) reported third quarter 2021 net income of $40.1 million, up from $30.0 million in Q3 2020. Basic and diluted EPS increased to $0.71, compared to $0.53 a year earlier. Year-to-date net income for 2021 reached $138.8 million, up from $52.1 million in 2020. Key financial metrics showed total assets at $16.16 billion and total deposits increased to $13.25 billion. The company initiated a new stock repurchase program of $50 million. Despite challenges, Renasant remains optimistic about future loan growth.