Renasant (US:RNST)2025-10-29 14:00Financial Performance - Net income was $59.8 million with diluted EPS of $0.63 and adjusted diluted EPS of $0.77[13] - Net interest margin was 3.85%, while adjusted net interest margin was 3.62%, up 4 basis points linked quarter[13] - The company redeemed $60.0 million subordinated notes acquired from The First Bancshares, Inc on October 1, 2025[13] - The Board of Directors approved a $150.0 million stock repurchase program, replacing the previous $100.0 million program[36] Balance Sheet - Assets totaled $26.7 billion[6] - Loans increased by $462.1 million, representing a 9.9% annualized increase, reaching $19.0 billion[6, 13] - Deposits decreased by $158.1 million, primarily due to a $169.6 million decrease in public funds, totaling $21.4 billion[6, 13] - Noninterest-bearing deposits decreased by $117.7 million and represented 24.5% of total deposits[13] - Equity was $3.8 billion[6] Asset Quality - Nonperforming loans represented 0.90% of total loans, an increase of 14 basis points linked quarter[13] - The ratio of allowance for credit losses on loans to total loans decreased 1 basis point to 1.56%[13] Loan and Deposit Composition - Loan distribution by state: Georgia accounted for 27%, Mississippi 25%, Florida 22%, Tennessee 10%, and others 16%[7] - Deposit distribution by state: Mississippi accounted for 39%, Georgia 28%, Alabama 14%, Florida 9%, Tennessee 7%, and others 3%[7]