Renasant (US:RNST) Globenewswire·2026-01-27 21:30Core Viewpoint - Renasant Corporation reported improved profitability in Q4 2025, driven by strategic integration efforts and growth in both assets and liabilities, positioning the company for success in 2026 [2][4]. Earnings Summary - Net income for Q4 2025 was $78.9 million, an increase from $59.8 million in Q3 2025 and $44.7 million in Q4 2024 [4][6]. - Basic EPS was $0.84, up from $0.63 in Q3 2025 and $0.70 in Q4 2024; diluted EPS was $0.83, also an increase from $0.63 in Q3 2025 and $0.70 in Q4 2024 [4][6]. - Adjusted diluted EPS (non-GAAP) was $0.91, compared to $0.77 in Q3 2025 and $0.73 in Q4 2024 [4][6]. Balance Sheet Highlights - Total assets increased to $26.75 billion as of December 31, 2025, from $26.73 billion in Q3 2025 [14][15]. - Loans held for investment rose to $19.05 billion, reflecting a slight increase from $19.03 billion in Q3 2025 [14][15]. - Total deposits increased by $48.5 million linked quarter, totaling $21.47 billion [14][15]. Net Interest Income and Margin - Net interest income for Q4 2025 was $232.4 million, up $4.2 million from Q3 2025 [4][17]. - The net interest margin was 3.89%, an increase of 4 basis points from the previous quarter [4][17]. - The cost of total deposits decreased to 1.97%, down 17 basis points linked quarter [4][17]. Noninterest Income and Expense - Noninterest income increased by $5.1 million linked quarter to $51.1 million, driven by various service charges and fees [4][12]. - Noninterest expense decreased by $13.1 million linked quarter to $170.8 million, including a reduction in merger-related expenses [4][12]. Credit Quality - The provision for credit losses on loans was $5.5 million, a decrease from $9.7 million in Q3 2025 [7]. - The allowance for credit losses on loans to total loans ratio was 1.54%, down 2 basis points from the previous quarter [7]. - Nonperforming loans to total loans increased to 0.92% from 0.90% in Q3 2025 [7]. Capital and Stock Repurchase Program - The company has a $150 million stock repurchase program, with $13.2 million of common stock repurchased at an average price of $34.29 during Q4 2025 [4][10]. - Book value per share increased by 2.0% to $41.05 linked quarter [10]. Performance Ratios - Return on average assets was 1.17%, up from 0.90% in Q3 2025 [9]. - Adjusted return on average equity (non-GAAP) was 8.95%, compared to 7.62% in Q3 2025 [9]. - Efficiency ratio improved to 60.23% from 67.05% in Q3 2025 [9].