The merger and acquisitions (M&A) activity among the U.S. regional banks is showing signs of a rebound this year following subdued 2023. More regional banks are resorting to M&As to strengthen their balance sheets amid enhanced competitiveness for low-cost deposits. Per Dealogic data, regional banks with assets between $10 billion and $100 billion have completed 38 deals year to date. This exceeds the 29 deals recorded during the same period last year. Since last year, the regional banking sector has been u ...

TUPELO, Miss., Aug. 14, 2024 (GLOBE NEWSWIRE) -- The board of directors of Renasant Corporation (NYSE: RNST) approved the payment of a quarterly cash dividend of twenty-two cents ($0.22) per share to be paid September 30, 2024, to shareholders of record as of September 16, 2024. ABOUT RENASANT CORPORATION: Renasant Corporation is the parent of Renasant Bank, a 120-year-old financial services institution. Renasant has assets of approximately $17.5 billion and operates 185 banking, lending, mortgage and wealt ...

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 June 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 number: ...

TUPELO, Miss., July 31, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the "Corporation") today announced that it has completed its public offering of an aggregate of 7,187,500 shares of its common stock (the "common stock") at a price of $32.00 per share, including 937,500 additional shares of common stock upon the exercise in full by the underwriters of their option to purchase additional shares. The aggregate gross proceeds were $230.0 million. The net proceeds of the offering after deductin ...

The Corporation's common stock is being offered only by means of a prospectus supplement and accompanying base prospectus. The Corporation has filed a registration statement on Form S-3 (File No. 333-260188) under the Securities Act of 1933, as amended, and a related preliminary prospectus supplement dated July 29, 2024 to the base prospectus contained in the registration statement with the U.S. Securities and Exchange Commission (the "SEC") for the shares of common stock to which this communication relates ...

The Corporation expects that the net proceeds of the offering will be approximately $190.0 million, assuming no exercise of the underwriters' option to purchase additional shares, after deducting underwriting discounts and before deducting transaction expenses payable by the Corporation. The Corporation intends to use the net proceeds of the offering for general corporate purposes to support its continued growth, including investments in Renasant Bank and future strategic acquisitions. This press release is ...

Headquartered in Hattiesburg, Mississippi, The First operates 111 branches across Mississippi, Louisiana, Alabama, Florida and Georgia. As of June 30, 2024, The First had approximately $8.0 billion in total assets, $5.3 billion in total loans and $6.6 billion in total deposits. The Merger will create a six-state Southeastern banking franchise with approximately $25 billion in total assets, $18 billion in total loans and $21 billion in total deposits, based on financial data as of June 30, 2024. "As two of t ...

Renasant Corporation (NYSE:RNST) Q2 2024 Earnings Conference Call July 24, 2024 10:00 AM ET Company Participants Kelly Hutcheson - Chief Accounting Officer Mitch Waycaster - Executive Vice Chairman & Chief Executive Officer Jim Mabry - Chief Financial Officer Kevin Chapman - President & Chief Operating Officer David Meredith - Senior Executive Vice President & Chief Credit Officer Conference Call Participants Stephen Scouten - Piper Sandler Michael Rose - Raymond James Catherine Mealor - KBW Dave Bishop - H ...

Mix | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------|-------|------------------|------------------|-------|----------------|----------------------|-------------|-------------|-----------| | ($ in thousands) \nGain on sales of loans, net | | 2Q23 \n$ 4,646 | 1Q24 \n$ 4,535 | | 2Q24 \n$ 5,199 | (in %) \nWholesale | 2Q23 \n42 | 1Q24 \n51 | 2Q24 \n43 | | Fees, net 2,859 1,854 2,866 | | | | | | Retail | 58 | 49 | 57 | | Mortgage servicing income, n ...

For the quarter ended June 2024, Renasant (RNST) reported revenue of $163.79 million, up 11.1% over the same period last year. EPS came in at $0.69, compared to $0.83 in the year-ago quarter. The reported revenue represents a surprise of +0.02% over the Zacks Consensus Estimate of $163.75 million. With the consensus EPS estimate being $0.67, the EPS surprise was +2.99%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...