TUPELO, Miss., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the third quarter of 2024. (Dollars in thousands, except earnings per share)Three Months Ended Nine Months Ended Sep 30, 2024Jun 30, 2024Sep 30, 2023 Sep 30, 2024Sep 30, 2023Net income and earnings per share:      Net income$72,455$38,846$41,833 $150,710$116,554 After-tax gain on sale of insurance agency 38,951 — —  38,951 — After-tax loss on sale of securities (including i ...

Renasant (RNST) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 22 ...

Company Overview - Renasant Corporation is the parent company of Renasant Bank, which has been in operation for 120 years and currently holds approximately $17.5 billion in assets [4]. Upcoming Events - Renasant Corporation will announce its 2024 third quarter results after the NYSE closes on October 22, 2024 [1]. - A quarterly webcast and conference call with analysts is scheduled for October 23, 2024, at 10:00 AM Eastern Time [1]. Access Information - The webcast can be accessed through Renasant's investor relations website or via a specific link provided [2]. - For telephone access, U.S. participants can dial 1-877-513-1143, while international participants should call 1-412-902-4145 [2]. Replay Information - The webcast will be archived on Renasant's website for one year, and telephone replay access will be available until November 6, 2024 [3].

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 ...

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 ...

Summary of Renasant Corporation's Public Offering Core Viewpoint Renasant Corporation has announced a public offering of common stock, aiming to raise approximately $190 million for general corporate purposes, including investments in Renasant Bank and future strategic acquisitions. Group 1: Offering Details - The Corporation is offering 6,250,000 shares of common stock at a public price of $32.00 per share, totaling an aggregate offering amount of $200 million [5] - Underwriters have a 30-day option to purchase an additional 937,500 shares at the public offering price, less underwriting discounts [5] - The expected net proceeds from the offering, after deducting underwriting discounts, will be approximately $190 million [1] Group 2: Company Background - Renasant Corporation is the parent company of Renasant Bank, which has been in operation for 120 years [8] - The Corporation has assets of approximately $17.5 billion and operates 185 banking, lending, mortgage, and wealth management offices across several states, including Mississippi, Tennessee, Alabama, Florida, Georgia, North Carolina, and South Carolina [8] Group 3: Management and Underwriters - Stephens Inc. is acting as the lead book-running manager for the offering, with Raymond James & Associates, Inc. as the joint book-running manager [6] - Additional co-managers for the offering include Janney Montgomery Scott LLC, Piper Sandler & Co., and Hovde Group, LLC [6]

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 ...