Welcome to our dedicated page for Renasant Corporation news (Ticker: RNST), a resource for investors and traders seeking the latest updates and insights on Renasant Corporation stock.
Renasant Corporation (symbol: RNST) is a multifaceted financial services entity with a longstanding history of success in the southern United States. Established on February 27, 1904, in a modest bakery in Lee County, Mississippi, Renasant has grown into a robust holding company overseeing Renasant Bank and Renasant Insurance, Inc.
Renasant Bank offers a diverse range of financial services through its three main segments: community banks, insurance, and wealth management. The community banks segment focuses on providing essential banking services to individuals and small businesses, including lending activities that drive the majority of the company's revenue. The insurance segment operates as an agency offering both commercial and personal insurance products through third-party carriers. Lastly, the wealth management segment delivers comprehensive services such as money management and retirement planning.
Renasant Corporation prides itself on strong leadership, innovation, and deep community partnerships. This dedication has allowed it to expand to over 120 offices providing banking, lending, insurance, and wealth management services across multiple states. The company's commitment to client relationships is evident in its strategic growth and solid financial condition.
Recent performance metrics indicate robust financial health, driven by key areas such as net interest income, mortgage banking income, and a balanced loan portfolio. Renasant continues to navigate the financial landscape with a focus on sustainable growth and community engagement.
Latest News Highlights:
- Income Statement
- Capital and Balance Sheet Ratios
- Noninterest Income and Noninterest Expense
- Mortgage Banking Income
- Balance Sheet
- Net Interest Income and Net Interest Margin
Note: U.S. Government and some U.S. Government Agency securities are tax-exempt in the states where the company operates. Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.
The board of directors of Renasant Corporation (NASDAQ: RNST) announced a quarterly cash dividend of $0.22 per share, scheduled for payment on March 31, 2022. Shareholders on record as of March 17, 2022 will be eligible. Renasant Corporation, which operates Renasant Bank, has assets totaling approximately $16.8 billion and provides financial services through 199 locations in several states. This dividend reflects the company's ongoing commitment to returning value to its shareholders.
Renasant Corporation (NASDAQ: RNST) reported strong earnings for Q4 2021, with net income of $37.1 million, up from $31.5 million in Q4 2020. The company’s EPS rose to $0.66, compared to $0.56 year-over-year. For the full year, net income reached $175.9 million, doubling from $83.7 million in 2020, with an annual EPS of $3.13. Despite a modest decline in net interest margin to 2.81%, the firm achieved notable growth in loan production and improved credit metrics, indicating robust operational performance and liquidity heading into 2022.
Renasant Corporation (NASDAQ: RNST) will announce its 2021 fourth quarter results after NASDAQ closing on January 25, 2022. The company will host a webcast and conference call on January 26, 2022, at 10:00 AM ET to discuss these results. Interested participants can access the webcast on Renasant's investor relations website or via telephone. Renasant, with approximately $16 billion in assets and 199 offices across multiple states, is a long-established financial services institution. The webcast will be archived for one year.
Renasant Corporation (Nasdaq: RNST) announced a public offering of $200 million in 3.00% Fixed-to-Floating Rate Subordinated Notes due 2031. The initial fixed interest rate is 3.00% until December 1, 2026, after which it will reset quarterly based on a benchmark rate. The offering aims to enhance Tier 2 capital, with expected net proceeds of $197.5 million to support organic growth and strategic acquisitions. The deal is set to close on November 23, 2021, pending customary conditions.
The board of directors of Renasant Corporation (NASDAQ: RNST) has approved a quarterly cash dividend of $0.22 per share, set to be paid on January 1, 2022. Shareholders must be on record by December 17, 2021 to qualify for this dividend. Renasant Corporation, parent of Renasant Bank, boasts approximately $16.2 billion in assets and operates 200 offices across several states, including Mississippi, Tennessee, and Georgia.
Renasant announces that Sean Suggs, a Board Member and Toyota's Chief Social Innovation Officer, was recognized as one of Savoy Magazine's Most Influential Black Corporate Directors for 2021. Suggs expressed his honor in this recognition, highlighting his commitment to community upliftment and diversity. Renasant's Executive Chairman, Robin McGraw, praised Suggs for his leadership and contributions. Suggs has served on Renasant's Board since May 2018 and holds significant roles in various organizations, emphasizing his commitment to service and diversity.
Renasant Corporation (RNST) reported third quarter 2021 net income of $40.1 million, up from $30.0 million in Q3 2020. Basic and diluted EPS increased to $0.71, compared to $0.53 a year earlier. Year-to-date net income for 2021 reached $138.8 million, up from $52.1 million in 2020. Key financial metrics showed total assets at $16.16 billion and total deposits increased to $13.25 billion. The company initiated a new stock repurchase program of $50 million. Despite challenges, Renasant remains optimistic about future loan growth.
Renasant has been named Best Big Bank in Mississippi by Newsweek for its America's Best Banks 2022 ranking, recognizing its strong customer relationships and services. This accolade highlights Renasant’s commitment to understanding community needs and its extensive product offerings. The bank has a history in Mississippi dating back to 1904 and currently manages approximately $16 billion in assets across several states. Renasant was also featured in Forbes' lists of America’s Best-In-State Banks and the World's Best Banks in 2021.
Renasant Corporation (NASDAQ: RNST) will announce its 2021 third quarter results on October 28, 2021, after NASDAQ's closing. A quarterly webcast and conference call for analysts is scheduled for October 29, 2021, at 10:00 AM ET. Investors can access the webcast via Renasant's investor relations website or through a dedicated telephone line. Renasant Corporation, founded 117 years ago, has approximately $16 billion in assets and operates 199 offices across several states, including Mississippi, Tennessee, and Alabama.
The board of directors of Renasant Corporation (NASDAQ: RNST) has declared a quarterly cash dividend of $0.22 per share, scheduled for payment on September 30, 2021. Shareholders of record by September 16, 2021 will be eligible to receive this dividend. Renasant Corporation, the parent of Renasant Bank, has approximately $16 billion in assets and operates a network of 199 banking and financial service locations across seven states.
FAQ
What is the current stock price of Renasant Corporation (RNST)?
What is the market cap of Renasant Corporation (RNST)?
What services does Renasant Corporation offer?
When was Renasant Corporation founded?
What are the main segments of Renasant Corporation?
Where is Renasant Corporation headquartered?
How does Renasant Corporation generate its revenue?
What types of insurance does Renasant provide?
What wealth management services does Renasant offer?
How many offices does Renasant have?
What recent financial metrics indicate Renasant's performance?
What is unique about Renasant's securities?
