Welcome to our dedicated page for Renasant news (Ticker: RNST), a resource for investors and traders seeking the latest updates and insights on Renasant stock.
Renasant Corporation (NYSE: RNST) is the parent of Renasant Bank, a long-established financial services institution with a significant presence in the Southeastern United States. This news page aggregates company announcements, earnings updates and other disclosures related to Renasant’s commercial banking and financial services activities.
Renasant regularly issues press releases covering quarterly and annual earnings, dividend declarations and investor webcasts. Earnings announcements detail net income, earnings per share, net interest income, noninterest income, loan growth, deposit trends, credit quality metrics and capital ratios. The company also provides information on stock repurchase authorizations and other capital management actions.
In addition to financial results, Renasant’s news flow includes updates on corporate transactions and strategic developments. For example, the company has reported on the completion and integration of its merger with The First Bancshares, Inc., as well as the impact of that merger on loans, deposits and securities. Leadership and governance changes, such as the appointment of a new Chief Executive Officer and director retirement plans, are also communicated through news releases.
Renasant highlights its community involvement through announcements from the Renasant Community Foundation, which has awarded grants to nonprofit organizations across the Southeast in areas such as education, human services, arts and culture and community development. The company also issues notices about upcoming webcasts and conference calls where executive management discusses financial performance with analysts.
Investors and observers can use this news page to review Renasant’s historical announcements, monitor trends in its earnings and capital actions, and follow developments in its banking, lending, mortgage, wealth management and nationwide factoring and asset-based lending activities.
Renasant Corporation (RNST) has announced a significant leadership transition as Kevin D. Chapman officially assumes the role of Chief Executive Officer and President of both Renasant Corporation and Renasant Bank. The previous CEO, C. Mitchell Waycaster, will continue serving as Executive Vice Chairman, focusing on strategic planning, investor relations, mergers and acquisitions, and providing board level oversight.
Board Chairman E. Robinson McGraw expressed full confidence in Chapman's leadership capabilities, citing his proven track record and vision for the company's future growth. This transition follows the company's previously announced succession plan.
Renasant (NYSE: RNST) has announced its board of directors has approved a quarterly cash dividend of $0.22 per share. The dividend will be paid on June 30, 2025, to shareholders who are on record as of June 16, 2025.
Renasant (RNST) reported Q1 2025 earnings with net income of $41.5 million and diluted EPS of $0.65. The company completed its merger with The First Bancshares on April 1, 2025, adding approximately $8.0 billion in assets and 116 locations across five states.
Key financial metrics include:
- Net interest income of $137.4 million, up $1.9 million from previous quarter
- Net interest margin increased to 3.45%, up 9 basis points
- Loans increased $170.6 million (5.4% annualized growth)
- Deposits grew by $199.5 million
- Nonperforming loans decreased to 0.76% of total loans
The company maintains a $100 million stock repurchase program through October 2025, though no buybacks occurred in Q1. Book value per share increased 1.6% while tangible book value per share rose 2.7% quarter-over-quarter.
Renasant (NYSE: RNST) has scheduled its 2025 first quarter earnings announcement and investor communication events. The company will release Q1 2025 results after NYSE closing on Tuesday, April 22, 2025.
A webcast and conference call with executive management and analysts will follow on Wednesday, April 23, 2025, at 10:00 AM Eastern Time (9:00 AM Central Time). Investors can access the webcast through Renasant's investor relations website or via direct link.
- US participants can dial: 1-877-513-1143
- International participants can dial: 1-412-902-4145
The webcast will be archived for one year, and a replay will be available until May 7, 2025, via telephone using conference number 6525571 (US: 1-877-344-7529, International: 1-412-317-0088).
Renasant (NYSE: RNST) has successfully completed its merger with The First Bancshares, Inc., the parent company of The First Bank, effective April 1, 2025. The full conversion and integration of The First's operations into Renasant's systems is scheduled for completion in early August 2025.
During the transition period, The First's customers should maintain their regular banking activities, including continued use of existing branches, debit cards, checks, credit cards, ATMs, and loan payment services. Customers can access transition-related FAQs on www.renasantbank.com/welcome.
Renasant (NYSE: RNST) and The First Bancshares have received all necessary regulatory approvals for their proposed merger, following shareholder approvals obtained on October 22, 2024. The merger is expected to close on April 1, 2025, subject to customary closing conditions.
The strategic combination will create a significant financial services institution with $26 billion in assets and over 250 locations across the Southeast. The merged entity will offer factoring and asset-based lending services nationwide. The merger represents a partnership between two organizations sharing similar values and commitment to customer and community service.
Renasant (NYSE: RNST) and The First Bancshares (NYSE: FBMS) have received all necessary regulatory approvals for their proposed merger, following shareholder approvals obtained on October 22, 2024. The merger is expected to close on April 1, 2025, subject to customary closing conditions.
The strategic combination will create a significant financial services institution with $26 billion in assets and over 250 locations across the Southeast. The merged entity will offer factoring and asset-based lending services nationwide. Both CEOs, Mitch Waycaster of Renasant and Hoppy Cole of The First, expressed confidence in the transformative partnership's potential to create new opportunities through their shared values and commitment to customer service.
Renasant (NYSE: RNST) has announced its board of directors has approved a quarterly cash dividend of $0.22 per share. The dividend will be paid on March 31, 2025, to shareholders who are on record as of March 17, 2025.
Renasant (RNST) reported Q4 2024 earnings with net income of $44.7 million and diluted EPS of $0.70. The company achieved quarterly loan growth of $257.4 million (8.1% annualized) and maintained a stable net interest margin of 3.36%.
Key financial metrics include:
- Net interest income (fully tax equivalent) increased by $1.9 million to $135.5 million
- Cost of total deposits decreased 16 basis points to 2.35%
- Noninterest income decreased $55.1 million primarily due to a $53.3 million pre-tax gain on insurance agency sale in Q3
- Credit quality remained solid with allowance for credit losses at 1.57% of total loans
The company maintains a $100 million stock repurchase program through October 2025, with no buyback activity during Q4 2024.
Renasant (NYSE: RNST) has scheduled its 2024 fourth quarter earnings announcement and conference call. The company will release results after NYSE closing on Tuesday, January 28, 2025, followed by a webcast and conference call with executive management and analysts on Wednesday, January 29, 2025, at 10:00 AM Eastern Time (9:00 AM Central Time).
Investors can access the webcast through Renasant's investor relations website or via direct link. For telephone participation, U.S. participants should dial 1-877-513-1143, while international participants can dial 1-412-902-4145. The webcast will be archived for one year, and a replay will be available until February 12, 2025, accessible by dialing 1-877-344-7529 (US) or 1-412-317-0088 (International) with conference number 8623913.