Core Viewpoint - Renasant Corporation reported its earnings results for the second quarter of 2024, highlighting a solid performance with growth in loans and net interest income, despite a decrease in noninterest income and an increase in nonperforming loans [1][5]. Earnings Summary - Loans increased by $104.2 million on a linked quarter basis, reflecting a 3.4% annualized net loan growth [2]. - Securities decreased by $39.2 million due to net cash outflows of $43.1 million and a positive fair market value adjustment of $3.9 million [2]. - Deposits increased by $18.1 million, with noninterest-bearing deposits representing 24.8% of total deposits [2]. Credit Quality - The provision for credit losses was $3.3 million, up from $2.4 million in the previous quarter [3]. - The allowance for credit losses on loans to total loans ratio was 1.59%, slightly down from 1.61% [3]. - Nonperforming loans increased to 0.78% of total loans, compared to 0.59% in the previous quarter [4]. Income Statement Highlights - Net income for Q2 2024 was $38.8 million, with diluted EPS and adjusted diluted EPS both at $0.69 [7]. - Net interest income was $127.6 million, an increase of $1.7 million from the previous quarter, with a net interest margin of 3.31% [7]. - Noninterest income decreased by $2.6 million primarily due to a drop in mortgage banking income [7]. Capital and Liquidity - Book value per share increased by 1.3% and tangible book value per share by 2.4% on a linked quarter basis [8]. - The company has a $100 million stock repurchase program in effect through October 2024, with no buyback activity during Q2 2024 [8]. Balance Sheet Overview - Total assets as of June 30, 2024, were $17.51 billion, up from $17.35 billion at the end of the previous quarter [13][14]. - Total deposits were $14.26 billion, reflecting a slight increase from $14.24 billion [14]. - The company reported a total shareholders' equity of $2.35 billion, up from $2.32 billion [14].

None of the non-GAAP financial information that the Company has included in this release or the accompanying presentation slides are intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP. Investors should note that, because there are no standardized definitions for the calculations as well as the results, the Company's calculations may not be comparable to similarly titled measures presented by other companies. Also, there may be limits in the usefulness ...

For Financials: James C. Mabry IV Executive Vice President Chief Financial Officer (662) 680-1281 jim.mabry@renasant.com TUPELO, Miss., July 08, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE:RNST) (the "Company") will announce 2024 second quarter results following the NYSE's closing on Tuesday, July 23, 2024. The Company will hold executive management's quarterly webcast and conference call with analysts on Wednesday, July 24, 2024, at 10:00 AM Eastern Time (9:00 AM Central Time). Contacts For Media: ...

TUPELO, Miss., July 08, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the "Company") will announce 2024 second quarter results following the NYSE's closing on Tuesday, July 23, 2024. The Company will hold executive management's quarterly webcast and conference call with analysts on Wednesday, July 24, 2024, at 10:00 AM Eastern Time (9:00 AM Central Time). For Financials: James C. Mabry IV Executive Vice President Chief Financial Officer (662) 680-1281 jim.mabry@renasant.com The webcast will be ...

Now a part of Sunstar, Renasant Insurance will rebrand itself as "Sunstar Insurance Services." All current Renasant Insurance leadership and employees have joined Sunstar, and all Renasant Insurance locations will remain open following this transaction. "We are excited to welcome former Renasant Insurance customers and employees into the Sunstar family," commented Sunstar Chairman and CEO David L. Bowlin. "The leadership team of Renasant Insurance has built a premier insurance agency over the years, and und ...

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 March 31, 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: ...

Renasant Corporation (NYSE:RNST) Q1 2024 Earnings Conference Call April 24, 2024 10:00 AM ET Company Participants Kelly Hutcheson - Chief Accounting Officer Mitchell Waycaster - EVP and CEO Kevin Chapman - President and COO James Mabry - CFO David Meredith - SEVP and Chief Credit Officer Conference Call Participants Catherine Mealor - KBW Michael Rose - Raymond James Stephen Scouten - Piper Sandler Jordan Ghent - Stephens Inc. Operator Good morning and welcome to the Renasant Corporation 2024 First Quarter ...

RENASANT Understanding You. Management believes that the assumptions underlying our forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate. Investors are urged to carefully consider the risks described in Renasant's filings with the Securities and Exchange Commission ("SEC") from time to time, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.renasant.com and the SEC's website at www.sec. ...

Contacts: For Media: For Financials: John S. Oxford James C. Mabry IV Chief Marketing Officer Chief Financial Officer (662) 680-1219 (662) 680-1281 Senior Vice President Executive Vice President RENASANT CORPORATION ANNOUNCES EARNINGS FOR THE FIRST QUARTER OF 2024 TUPELO, MISSISSIPPI (April 23, 2024) - Renasant Corporation (NYSE: RNST) (the "Company") today announced earnings results for the first quarter of 2024. | (Dollars in thousands, except earnings per share) | | Three Months Ended | | | --- | --- | - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 001-13253 RENASANT CORPORATION (Exact name of registrant as specified in its charter) (State or other ...