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

Rhea-AI Summary

Reliant Bancorp, Inc. (NASDAQ: RBNC) announced a quarterly cash dividend of $0.12 per share, payable on November 12, 2021, to shareholders who are on record as of October 29, 2021. This marks a 20% increase from the same quarter in 2020, reflecting the company's growth. As of September 30, 2021, Reliant Bancorp reported approximately $3.0 billion in total assets, $2.4 billion in loans, and $2.5 billion in deposits, demonstrating a strong financial position.

Positive

• Quarterly cash dividend of $0.12 per share represents a 20% increase YoY.
• Solid financial position with $3.0 billion in total assets.

Negative

• None.

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- 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 November 12, 2021, to shareholders of record as of the close of business on October 29, 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 September 30, 2021, Reliant Bancorp had approximately $3.0 billion in total consolidated assets, approximately $2.4 billion in loans held for investment and approximately $2.5 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/20211019006125/en/

DeVan Ard, Jr., Chairman and CEO, Reliant Bancorp, Inc. (615.221.2087)

Source: Reliant Bancorp, Inc.

FAQ

What is the dividend amount declared by Reliant Bancorp (RBNC)?

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

When will the dividend for RBNC be paid?

The dividend will be paid on November 12, 2021.

What date is the record for RBNC's dividend payment?

Shareholders must be on record by October 29, 2021, to receive the dividend.

How does the current dividend compare to last year for RBNC?

The current dividend of $0.12 per share represents a 20% increase compared to the same quarter in 2020.

What are the total assets of Reliant Bancorp (RBNC) as of September 30, 2021?

As of September 30, 2021, Reliant Bancorp had approximately $3.0 billion in total assets.