Renasant (RNST) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a changing e ...

Financial Data and Key Metrics Changes - Renasant's adjusted earnings per share for 2025 were $3.06, an 11% increase year-over-year [6] - Adjusted return on average assets (ROA) grew from 94 basis points in 2024 to 110 basis points in 2025 [6] - Adjusted efficiency ratio improved by approximately 900 basis points year-over-year to 57.46% [6] - Adjusted return on tangible equity increased from 11.5% in 2024 to 13.79% in 2025 [6] - Net income for the fourth quarter was $78.9 million, or $0.83 per diluted share [8] - Adjusted earnings for the quarter, excluding merger charges, were $86.9 million, or $0.91 per diluted share [8] Business Line Data and Key Metrics Changes - Loans increased by $21.5 million on a linked quarter basis, representing a 0.4% annualized growth [8] - Deposits rose by $48.5 million from the third quarter, or 0.9% annualized [9] - Non-interest income for the fourth quarter was $51.1 million, a linked quarter increase of $5.1 million [11] Market Data and Key Metrics Changes - The company sold approximately $117 million of loans acquired from The First, which were not considered core to Renasant's business [8] - The allowance for credit losses (ACL) as a percentage of total loans declined by 2 basis points quarter-over-quarter to 1.54% [9] Company Strategy and Development Direction - Renasant aims to create a high-performing company leveraging opportunities in strong economic areas [4] - The company is focused on maintaining momentum and improving efficiency post-merger with The First [4] - Management emphasized the importance of balancing cost savings from the merger with investments in talent for future growth [25] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the banking industry's changes and Renasant's ability to capitalize on opportunities [13] - The company anticipates continued organic loan and deposit growth in 2026, targeting mid-single-digit growth [31] - Management acknowledged the potential for elevated payoffs to impact loan growth but remains confident in long-term performance [94] Other Important Information - The company recorded a credit loss provision on loans of $10.9 million, with net charge-offs of $9.1 million [9] - Non-interest expense for the fourth quarter was $170.8 million, with a linked quarter decrease of $6.2 million when excluding merger and conversion expenses [11] Q&A Session Summary Question: Can you walk us through the expenses and expectations for the year? - Management indicated a core expense reduction of $2-$3 million expected in Q1, similar to Q4 [20][21] Question: What is the outlook for loan growth? - Management reiterated a target of mid-single-digit growth for 2026, with production remaining strong despite elevated payoffs [31][33] Question: How does the company view capital usage and buybacks? - Management stated that buybacks are currently the most attractive capital use, with ongoing activity expected into 2026 [46][48] Question: What is the outlook for net interest margin (NIM)? - Management expects a stable margin outlook for 2026, with modest growth in net interest income anticipated [56] Question: Can you provide details on the loan sale and future sales? - The loan sale involved a portfolio of loans deemed non-core, and no additional sales are anticipated at this time [64][66]

Financial Data and Key Metrics Changes - Renasant Corporation's adjusted earnings per share for 2025 were $3.06, an 11% increase year-over-year [6] - Adjusted return on average assets (ROA) grew from 94 basis points in 2024 to 110 basis points in 2025 [6] - Adjusted efficiency ratio improved by approximately 900 basis points year-over-year to 57.46% [6] - Adjusted return on tangible equity increased from 11.5% in 2024 to 13.79% in 2025 [6] - Net income for the fourth quarter was $78.9 million, or $0.83 per diluted share [8] - Adjusted earnings for the quarter, excluding merger charges, were $86.9 million, or $0.91 per diluted share [8] Business Line Data and Key Metrics Changes - Loans increased by $21.5 million on a linked quarter basis, representing a 0.4% annualized growth [8] - Deposits rose by $48.5 million from the third quarter, or 0.9% annualized [9] - Non-interest income for the fourth quarter was $51.1 million, a linked quarter increase of $5.1 million [11] - Non-interest expense for the fourth quarter was $170.8 million, with a linked quarter decrease of $6.2 million when excluding merger and conversion expenses [11] Market Data and Key Metrics Changes - The company sold approximately $117 million of loans acquired from The First, which were not considered core to Renasant's business [8] - The allowance for credit losses (ACL) as a percentage of total loans declined by 2 basis points quarter-over-quarter to 1.54% [9] Company Strategy and Development Direction - Renasant aims to create a high-performing company leveraging opportunities in strong economic regions [4] - The company is focused on maintaining momentum and improving efficiency post-merger with The First [4] - Management emphasized the importance of balancing cost savings from the merger with investments in talent for future growth [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the banking industry's changes and Renasant's ability to capitalize on opportunities [13] - The company anticipates continued organic loan and deposit growth in 2026, targeting mid-single-digit growth [31] - Management acknowledged the potential for elevated payoffs impacting loan growth but remains confident in long-term performance [94] Other Important Information - The company recorded a credit loss provision on loans of $10.9 million, with net charge-offs of $9.1 million [9] - All regulatory capital ratios remain above required minimums, indicating a well-capitalized status [9] Q&A Session Summary Question: Can you walk us through the expense outlook for the year? - Management indicated expectations for a $2-$3 million reduction in core expenses for Q1, similar to Q4 [20][21] Question: What are the expectations for loan growth and market share? - Management maintained guidance for mid-single-digit loan growth, with potential upside due to market disruption [31][34] Question: How does the company view capital deployment, particularly regarding buybacks? - Management indicated that buybacks are currently the most attractive capital use, with plans to continue into 2026 [46][48] Question: What is the outlook for net interest margin (NIM)? - Management expects NIM to remain stable, with modest growth in net interest income as the balance sheet grows [56] Question: Can you provide details on the loan sale and future loan sales? - The recent loan sale involved a portfolio deemed non-core, and no additional sales are anticipated in the near term [64][66]

Financial Data and Key Metrics Changes - Renasant Corporation's adjusted earnings per share for 2025 were $3.06, an 11% increase year-over-year [5] - Adjusted return on average assets (ROA) grew from 94 basis points in 2024 to 110 basis points in 2025 [5] - Adjusted efficiency ratio improved by approximately 900 basis points year-over-year to 57.46% [5] - Adjusted return on tangible equity increased from 11.5% in 2024 to 13.79% in 2025 [5] - For Q4, net income was $78.9 million or $0.83 per diluted share, with adjusted earnings of $86.9 million or $0.91 per diluted share [7] - Adjusted return on average assets for Q4 was 1.29%, up 20 basis points from Q3 [7] Business Line Data and Key Metrics Changes - Loans increased by $21.5 million on a linked quarter basis, representing a 0.4% annualized growth [7] - Deposits rose by $48.5 million from the third quarter, or 0.9% annualized [9] - Non-interest income for Q4 was $51.1 million, a linked quarter increase of $5.1 million [11] - Non-interest expense for Q4 was $170.8 million, with a linked quarter decrease of $6.2 million when excluding merger and conversion expenses [11] Market Data and Key Metrics Changes - The company sold approximately $117 million of loans acquired from The First, which were not considered core to Renasant's business [8] - The allowance for credit losses (ACL) as a percentage of total loans declined by 2 basis points quarter-over-quarter to 1.54% [9] Company Strategy and Development Direction - Renasant aims to create a high-performing company leveraging opportunities in strong economic regions [4] - The company is focused on maintaining momentum and improving efficiency post-merger with The First [4] - Management emphasized the importance of balancing cost savings from the merger with investments in talent for future growth [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the banking industry's changes and Renasant's ability to capitalize on opportunities [13] - The company anticipates mid-single-digit loan growth for 2026, despite potential lumpiness in quarterly performance [30] - Management noted that while there are challenges, the overall outlook for profitability and growth remains positive [86] Other Important Information - The company recorded a credit loss provision on loans of $10.9 million, with net charge-offs of $9.1 million [9] - Management indicated that they are not expecting any merger-related expenses in Q1 2026 [78] Q&A Session Summary Question: Can you walk us through the expense outlook for the year? - Management indicated a core expense reduction of $2-$3 million expected in Q1, similar to Q4 [20][22] Question: What is the outlook for loan growth? - Management reiterated a target of mid-single-digit growth for 2026, with production remaining strong despite elevated payoffs [30][86] Question: How do you view capital usage and buybacks? - Management stated that organic growth remains the priority, but buybacks are currently the most attractive capital use [43][45] Question: What is the outlook for net interest margin (NIM)? - Management expects a stable margin outlook for 2026, with modest growth in net interest income [52] Question: Can you provide insights on loan competition? - Management noted that competition remains unchanged, with increased pressure on the deposit side [61]

Fourth Quarter 2025 Earnings Call Forward-Looking Statements This presentation may contain various statements about Renasant Corporation ("Renasant," "we," "our," or "us") that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "projects," "anticipates," "intends," "estimates," "pla ...

Core Insights - Renasant reported a revenue of $278.52 million for the quarter ended December 2025, marking a 66.7% increase year-over-year, with an EPS of $0.91 compared to $0.73 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $269 million by 3.54%, and the EPS surpassed the consensus estimate of $0.80 by 13.75% [1] Financial Performance Metrics - Net Interest Margin was reported at 3.9%, slightly above the average estimate of 3.8% from three analysts [4] - The Efficiency Ratio (GAAP) was 60.2%, compared to the estimated 59.7% by three analysts [4] - Total Nonperforming Loans amounted to $176.02 million, exceeding the average estimate of $170.5 million from two analysts [4] - Annualized Net Loan Charge-offs as a percentage of average loans stood at 0.2%, matching the estimate from two analysts [4] - Total Nonperforming Assets were reported at $191.21 million, higher than the average estimate of $180.98 million from two analysts [4] - Average Balance of Total Interest-Earning Assets was $23.75 billion, slightly above the average estimate of $23.74 billion from two analysts [4] - Net Interest Income reached $227.39 million, surpassing the average estimate of $223.56 million from three analysts [4] - Net Interest Income (FTE) was reported at $232.36 million, exceeding the average estimate of $228.17 million from three analysts [4] - Total Noninterest Income was $51.13 million, higher than the average estimate of $45.43 million from three analysts [4] Stock Performance - Renasant shares returned +3.9% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

分组1 - Renasant reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.80 per share, and up from $0.73 per share a year ago, representing an earnings surprise of +13.75% [1] - The company achieved revenues of $278.52 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.54%, and showing significant growth from year-ago revenues of $167.1 million [2] - Renasant has outperformed the S&P 500 with a share price increase of about 5.8% since the beginning of the year, compared to the S&P 500's gain of 1.5% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.82 on revenues of $268.95 million, and for the current fiscal year, it is $3.55 on revenues of $1.11 billion [7] - The Zacks Industry Rank for Banks - Southeast is in the top 22% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Renasant holds a Zacks Rank 2 (Buy), suggesting that the stock is expected to outperform the market in the near future [6]

Financial Performance - Net income for Q4 2025 was $78.9 million, an increase from $44.7 million in Q4 2024, with diluted EPS at $0.83 compared to $0.70 in the previous year[3] - Net income for the three months ended December 31, 2025, was $78,948,000, compared to $59,788,000 for the previous quarter, representing a 32.5% increase[31] - Adjusted net income for the twelve months ending December 31, 2025, was $267,816,000, compared to $165,066,000 for the previous year, showing a 62.2% year-over-year growth[31] - The company recorded adjusted diluted EPS (non-GAAP) of $0.91 for Q4 2025, compared to $0.73 in Q4 2024[4] - Return on average assets increased to 1.17% for the three months ended December 31, 2025, compared to 0.90% in the previous quarter[10] - Adjusted return on average assets (non-GAAP) improved to 1.29 from 1.09, indicating a growth of 18.4%[32] Income and Revenue - Net interest income for Q4 2025 was $232.4 million, up $4.2 million from the previous quarter, with a net interest margin of 3.89%, an increase of 4 basis points[8] - Noninterest income for the three months ended December 31, 2025, was $51.125 million, up from $46.026 million in the previous quarter, representing an increase of 2.4%[12] - Total adjusted noninterest income (non-GAAP) rose to $51,125 million compared to $46,867 million, marking an increase of 9.1% year-over-year[33] - Net interest income for the twelve months ending December 31, 2025, was $820.64 million, with a net interest margin of 3.79%, compared to $522.53 million and 3.34% in the previous year[16] Loans and Assets - Loans increased by $21.5 million linked quarter, representing 0.4% annualized net loan growth, while the company sold approximately $117.3 million of non-core loans acquired from the merger[8] - Total loans reached $19.05 billion as of December 31, 2025, an increase from $12.89 billion a year prior, reflecting a growth of 47.5%[17] - Loans held for investment increased to $19,047,039 as of December 31, 2025, compared to $12,885,020 a year earlier, reflecting a growth of approximately 47%[14] - Total assets as of December 31, 2025, reached $26,751,426, an increase from $18,034,868 in December 2024[14] Expenses and Efficiency - Total noninterest expense for the twelve months ending December 31, 2025, was $651.660 million, significantly higher than $461.618 million for the previous year, reflecting a year-over-year increase of 41.2%[12] - The efficiency ratio improved to 60.23% for the three months ended December 31, 2025, down from 67.05% in the previous quarter[10] - Noninterest expense (GAAP) decreased to $170,750 million from $183,830 million, a reduction of 7.3% year-over-year[33] Capital and Equity - Shareholders' equity increased to $3,884,905 as of December 31, 2025, compared to $2,678,318 a year earlier, representing a growth of approximately 45%[14] - The tangible common equity ratio was not specified but is a critical measure for assessing capital adequacy[29] - Shareholders' equity (GAAP) increased to $3,884,905 from $3,825,778, reflecting a growth of 1.9% year-over-year[32] - The total risk-based capital ratio was 14.78% as of December 31, 2025, down from 14.88% in the previous quarter[11] Credit Quality - The provision for credit losses on loans was $5.5 million for Q4 2025, with net loan charge-offs of $9.1 million[8] - Nonperforming loans as a percentage of total loans stood at 0.92% as of December 31, 2025, compared to 0.88% a year earlier[18] - The allowance for credit losses on loans was $293.96 million, representing 1.54% of total loans as of December 31, 2025[18] Strategic Initiatives - The company plans to expand its operations and integrate acquisitions, including its merger with The First, to enhance earnings and achieve cost savings[24] - Renasant Corporation operates 283 banking and financial service offices across the Southeast, with a focus on growth in new markets[22]

Core Viewpoint - Renasant Corporation reported improved profitability in Q4 2025, driven by strategic integration efforts and growth in both assets and liabilities, positioning the company for success in 2026 [2][4]. Earnings Summary - Net income for Q4 2025 was $78.9 million, an increase from $59.8 million in Q3 2025 and $44.7 million in Q4 2024 [4][6]. - Basic EPS was $0.84, up from $0.63 in Q3 2025 and $0.70 in Q4 2024; diluted EPS was $0.83, also an increase from $0.63 in Q3 2025 and $0.70 in Q4 2024 [4][6]. - Adjusted diluted EPS (non-GAAP) was $0.91, compared to $0.77 in Q3 2025 and $0.73 in Q4 2024 [4][6]. Balance Sheet Highlights - Total assets increased to $26.75 billion as of December 31, 2025, from $26.73 billion in Q3 2025 [14][15]. - Loans held for investment rose to $19.05 billion, reflecting a slight increase from $19.03 billion in Q3 2025 [14][15]. - Total deposits increased by $48.5 million linked quarter, totaling $21.47 billion [14][15]. Net Interest Income and Margin - Net interest income for Q4 2025 was $232.4 million, up $4.2 million from Q3 2025 [4][17]. - The net interest margin was 3.89%, an increase of 4 basis points from the previous quarter [4][17]. - The cost of total deposits decreased to 1.97%, down 17 basis points linked quarter [4][17]. Noninterest Income and Expense - Noninterest income increased by $5.1 million linked quarter to $51.1 million, driven by various service charges and fees [4][12]. - Noninterest expense decreased by $13.1 million linked quarter to $170.8 million, including a reduction in merger-related expenses [4][12]. Credit Quality - The provision for credit losses on loans was $5.5 million, a decrease from $9.7 million in Q3 2025 [7]. - The allowance for credit losses on loans to total loans ratio was 1.54%, down 2 basis points from the previous quarter [7]. - Nonperforming loans to total loans increased to 0.92% from 0.90% in Q3 2025 [7]. Capital and Stock Repurchase Program - The company has a $150 million stock repurchase program, with $13.2 million of common stock repurchased at an average price of $34.29 during Q4 2025 [4][10]. - Book value per share increased by 2.0% to $41.05 linked quarter [10]. Performance Ratios - Return on average assets was 1.17%, up from 0.90% in Q3 2025 [9]. - Adjusted return on average equity (non-GAAP) was 8.95%, compared to 7.62% in Q3 2025 [9]. - Efficiency ratio improved to 60.23% from 67.05% in Q3 2025 [9].

Core Viewpoint - Renasant Corporation will announce its 2025 fourth quarter results on January 27, 2026, and will hold a conference call for analysts on January 28, 2026 [1]. Group 1: Earnings Announcement - The earnings announcement will take place after the NYSE's closing on January 27, 2026 [1]. - The conference call will be held at 10:00 AM Eastern Time (9:00 AM Central Time) on January 28, 2026 [1]. Group 2: Access Information - The webcast can be accessed through Renasant's investor relations website [2]. - For telephone access, participants in the U.S. can dial 1-877-513-1143, while international participants should dial 1-412-902-4145 [2]. Group 3: Webcast Archive - The webcast will be archived on Renasant's website and will remain accessible for one year [3]. - Telephone replay access is available until February 11, 2026, with specific numbers provided for U.S. and international callers [3]. Group 4: Company Overview - Renasant Corporation is the parent company of Renasant Bank, which has been in operation for 122 years [4]. - The company has approximately $26.7 billion in assets and operates 289 offices across the Southeast, offering various financial services [4].