Renasant (RNST) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Renasant reported revenue of $167.1 million for Q4 2024, marking a 14.2% increase year-over-year and a surprise of +1.05% over the Zacks Consensus Estimate of$ 165.37 million [1] - The company's EPS for the quarter was $0.73, down from$ 0.76 in the same quarter last year, with a surprise of +19.67% compared to the consensus estimate of $0.61 [1] Financial Performance Metrics - Net Interest Margin was reported at 3.4%, exceeding the average estimate of 3.3% from three analysts [4] - The Efficiency Ratio (GAAP) was 67.6%, slightly higher than the estimated 66.6% by three analysts [4] - Total Nonperforming Loans stood at$ 113.28 million, better than the average estimate of $123.54 million from two analysts [4] - Annualized net loan charge-offs as a percentage of average loans were 0.1%, lower than the estimated 0.2% [4] - Total Nonperforming Assets were reported at$ 121.95 million, compared to the average estimate of $133.05 million [4] - Average Balance of Total Interest-Earning Assets was$ 16.07 billion, surpassing the average estimate of $15.90 billion [4] - Net Interest Income was$ 132.88 million, exceeding the average estimate of $130.25 million [4] - Net Interest Income (FTE) was reported at$ 135.50 million, compared to the average estimate of $132.79 million [4] - Total Noninterest Income was$ 34.22 million, slightly below the average estimate of $35.12 million [4] Stock Performance - Renasant shares have returned +4.6% over the past month, outperforming the Zacks S&P 500 composite's +0.8% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]