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 (RNST) delivers community-focused financial services through banking, insurance, and wealth management solutions. This news hub provides investors and stakeholders with official updates and strategic developments from the 120-year-old regional institution.
Track earnings announcements, leadership changes, and operational milestones alongside insights into RNST's community partnerships. Our curated collection ensures timely access to press releases and verified news affecting the company's regional market position.
Discover updates across key business areas including small business lending programs, insurance product expansions, and wealth management innovations. All content undergoes strict verification to maintain compliance with financial reporting standards.
Bookmark this page for streamlined access to RNST's evolving story. Combine historical perspective with current developments to better understand this Mississippi-born institution's growth strategy in Southern financial markets.
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.
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 January 1, 2025, to shareholders who are on record as of December 18, 2024.
Renasant has donated $20,000 to support veteran organizations across the Southeast, distributing funds among 15 nonprofit veterans' groups. The donation, announced on Veterans Day, supports organizations providing important services including counseling, job placement, housing assistance, and social support to veterans and their families.
The company also maintains the Renasant Veterans Honors Program, offering quarterly webinars to help veterans transition into civilian life, covering topics from mental health to financial literacy. According to President and COO Kevin Chapman, employees and customers, many of whom are veterans or have military family members, play a important role in driving these initiatives.
Renasant (NYSE: RNST) announced its third quarter 2024 earnings. Net income rose to $72.5 million, with diluted EPS at $1.18. Adjusted diluted EPS was $0.70. The company completed a public offering of 7,187,500 shares at $32.00 per share, raising approximately $217 million. Additionally, Renasant sold its insurance agency for $56.4 million, resulting in a $34.1 million after-tax gain. Shareholders approved the merger with The First Bancshares, Inc., expected to complete in the first half of 2025. Net interest income increased to $133.6 million, while noninterest income surged by $50.5 million due to the insurance agency sale. Noninterest expense rose by $10 million, influenced by $11.3 million in merger-related costs. Loans grew by $22.9 million, and deposits increased by $254.5 million. The company also announced a $100 million stock repurchase program. Provision for credit losses decreased to $0.9 million, though nonperforming loans rose to 0.94% of total loans.
Renasant (NYSE: RNST) has announced its plans for the 2024 third quarter earnings release and conference call. The company will disclose its Q3 2024 results after the NYSE closes on Tuesday, October 22, 2024. Following this, Renasant will host a webcast and conference call for analysts and investors on Wednesday, October 23, 2024, at 10:00 AM Eastern Time (9:00 AM Central Time).
Interested parties can access the webcast through Renasant's investor relations website or via a direct link. For those preferring to join by phone, U.S. participants can dial 1-877-513-1143, while international callers should use 1-412-902-4145. The webcast will be archived on Renasant's website for one year, and a replay will be available by phone until November 6, 2024, using the conference number 8626805.
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