Reliant Bancorp, Inc. Declares Cash Dividend of $0.12 Per Share

Rhea-AI Summary

Reliant Bancorp, Inc. (Nasdaq: RBNC) has declared a quarterly cash dividend of $0.12 per share, payable on August 12, 2021. This dividend represents a 20% increase from the same quarter in 2020, reflecting the company’s growth. As of June 30, 2021, Reliant Bancorp reported approximately $3.1 billion in total assets, $2.3 billion in loans for investment, and $2.6 billion in deposits, showcasing the bank's robust financial position.

Positive

• Quarterly dividend increased by 20% compared to the same quarter in 2020.
• Total consolidated assets of approximately $3.1 billion.
• Strong deposit base of approximately $2.6 billion.

Negative

• None.

Reliant Bancorp, Inc. (“Reliant”) (Nasdaq: RBNC), the parent company for Reliant Bank, announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share payable on August 12, 2021, to shareholders of record as of the close of business on July 30, 2021. This quarter’s dividend of $0.12 per share represents a 20% increase compared with the same quarter in 2020 and highlights Reliant’s growth since that time.

About Reliant Bancorp, Inc. and Reliant Bank

Reliant Bancorp, Inc. is a Brentwood, Tennessee-based financial holding company which, through its wholly owned subsidiary Reliant Bank, operates banking centers in Tennessee. Reliant Bank is a full-service commercial bank that offers a variety of deposit, lending, and mortgage products and services to business and consumer customers. As of June 30, 2021, Reliant Bancorp had approximately $3.1 billion in total consolidated assets, approximately $2.3 billion in loans held for investment and approximately $2.6 billion in deposits. For additional information, locations and hours of operation, please visit www.reliantbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210720006151/en/

FAQ

What is the dividend amount declared by Reliant Bancorp for Q3 2021?

Reliant Bancorp declared a quarterly cash dividend of $0.12 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on August 12, 2021.

What was the percentage increase in the dividend compared to last year?

The dividend was increased by 20% compared to the same quarter in 2020.

What are the total assets of Reliant Bancorp as of June 30, 2021?

As of June 30, 2021, Reliant Bancorp had approximately $3.1 billion in total consolidated assets.

What is the stock symbol for Reliant Bancorp?

The stock symbol for Reliant Bancorp is RBNC.