Core Viewpoint - Renasant Corporation reported its fourth quarter earnings for 2024, highlighting a successful year marked by a transformative merger and a focus on organic growth despite fluctuations in net income and noninterest income [1][2]. Financial Performance - Net income for Q4 2024 was $44.7 million, compared to $72.5 million in Q3 2024 and $28.1 million in Q4 2023 [2][6]. - Basic and diluted earnings per share (EPS) were both $0.70 for Q4 2024, up from $0.50 in Q4 2023 [2][6]. - Adjusted diluted EPS (non-GAAP) was $0.73 for Q4 2024, slightly down from $0.76 in Q4 2023 [2][6]. Income Statement Highlights - Total interest income for Q4 2024 was $225.3 million, a decrease from $229.0 million in Q3 2024 [8]. - Net interest income (fully tax equivalent) was $135.5 million, an increase of $1.9 million from the previous quarter [6][18]. - Noninterest income decreased by $55.1 million on a linked quarter basis, primarily due to the absence of a significant pre-tax gain from the insurance agency sale recognized in Q3 2024 [6][14]. Balance Sheet and Capital Management - Total assets as of December 31, 2024, were $18.03 billion, up from $17.96 billion at the end of Q3 2024 [17]. - Loans held for investment increased by $257.4 million, representing an annualized net loan growth of 8.1% [6][16]. - The company has a $100 million stock repurchase program in effect through October 2025, with no buyback activity during Q4 2024 [6][12]. Credit Quality - The provision for credit losses was $2.6 million for Q4 2024, compared to $0.9 million in Q3 2024 [5][9]. - The ratio of the allowance for credit losses on loans to total loans was 1.57% as of December 31, 2024, down two basis points from the previous quarter [9]. - Nonperforming loans to total loans decreased to 0.88% at December 31, 2024, compared to 0.94% at September 30, 2024 [9]. Performance Ratios - Return on average assets was 0.99% for Q4 2024, down from 1.63% in Q3 2024 [11]. - Return on average equity was 6.70% for Q4 2024, compared to 11.29% in Q3 2024 [11]. - The efficiency ratio (fully taxable equivalent) was 67.61% for Q4 2024, up from 54.73% in Q3 2024 [11].

Core Viewpoint - Renasant Corporation will announce its 2024 fourth quarter results on January 28, 2025, and will hold a conference call for analysts on January 29, 2025 [1][2]. Company Overview - Renasant Corporation is the parent company of Renasant Bank, which has been in operation for 120 years and currently holds approximately $18.0 billion in assets [4]. - The company operates 186 banking, lending, mortgage, and wealth management offices throughout the Southeast and offers factoring and asset-based lending services nationwide [4]. Conference Call Details - The conference call will be accessible via a webcast on Renasant's investor relations website and through telephone access for both U.S. and international participants [2][3]. - A replay of the conference call will be available for one year on the company's website and via telephone until February 12, 2025 [3].

Core Points - Renasant Corporation will announce its 2024 fourth quarter results on January 28, 2025, after the NYSE closes [1] - A quarterly webcast and conference call with analysts is scheduled for January 29, 2025, at 10:00 AM Eastern Time [1] - The webcast will be accessible through Renasant's investor relations website and via telephone for participants [2] Company Overview - Renasant Corporation is the parent company of Renasant Bank, which has been in operation for 120 years [4] - The company has approximately $18.0 billion in assets and operates 186 banking, lending, mortgage, and wealth management offices throughout the Southeast [4] - Renasant also offers factoring and asset-based lending services on a nationwide basis [4]

Investors in Renasant Corporation (RNST) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $15.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could a ...

TUPELO, Miss., Nov. 11, 2024 (GLOBE NEWSWIRE) -- In recognition of Veterans Day, Renasant proudly donated $20,000 to multiple veteran support organizations across the Southeast, continuing its commitment to honoring and supporting military service members. The donation is part of the company’s ongoing efforts to give back to those who have served in the United States Armed Forces and to enhance their lives through community outreach and partnerships. This donation was evenly divided among 15 nonprofit veter ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file num ...

Renasant Corporation (NYSE:RNST) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Kelly Hutcheson - Chief Accounting Officer Mitch Waycaster - Executive Vice Chairman & Chief Executive Officer Kevin Chapman - President & Chief Operating Office Jim Mabry - Chief Financial Officer David Meredith - Senior Executive Vice President & Chief Credit Officer Conference Call Participants Catherine Mealor - KBW Michael Rose - Raymond James Matt Olney - Stephens David Bishop - Hovde Gr ...

NRENASANT Third Quarter 2024 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," "estimat ...

For the quarter ended September 2024, Renasant (RNST) reported revenue of $220.3 million, up 32.5% over the same period last year. EPS came in at $0.70, compared to $0.75 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $184.73 million, representing a surprise of +19.26%. The company delivered an EPS surprise of +11.11%, with the consensus EPS estimate being $0.63.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Renasant (RNST) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this holding company for Renasant Bank would post earnings of $0.67 per share when it actually produced earnings of $0.69, delivering a surprise of 2.99%.Over the last four quar ...