Renasant - RNST STOCK NEWS

Renasant Corporation (NASDAQ: RNST) reported a net income of $39.7 million for Q2 2022, slightly down from $40.9 million in Q2 2021. Earnings per share (EPS) were $0.71, a decrease from $0.73 year-over-year. The net interest income rose to $115.3 million, reflecting a $13.9 million increase from the previous quarter. The net interest margin improved to 3.11%, up 35 basis points. However, noninterest expense grew by $4.1 million, primarily due to salary increases and a restructuring charge. Despite a decline in total deposits, loans grew by $290.3 million, or 11.3% annualized.

Renasant Corporation (NASDAQ: RNST) will release its 2022 second quarter results on July 26, 2022, after NASDAQ closing. The quarterly conference call for analysts is scheduled for July 27, 2022, at 10:00 AM Eastern Time. Interested investors can join through Renasant's investor relations website or by phone. The call will be archived for future access. Renasant Corporation, with approximately $16.9 billion in assets, operates 199 banking and financial service locations across multiple states in the southeastern U.S.

Renasant Bank has appointed Walker Zimmerman, a prominent center-back for the Nashville Soccer Club and US Men's National Team, as its new Brand Ambassador. This partnership aims to enhance Renasant's marketing efforts through digital and social media promotion, alongside business development initiatives. Zimmerman, recognized as MLS Defender of the Year, expresses excitement about contributing to Renasant's success. The bank, with assets of approximately $16.9 billion, operates across multiple states, continuing to strengthen its brand presence in the South.

Renasant Corporation (NASDAQ: RNST) announced plans to eliminate consumer non-sufficient funds (NSF) fees, certain overdraft fees, and transfer fees to linked checking accounts by year-end 2022. The changes aim to enhance customer financial well-being and will impact fees totaling $4.7 million in 2021 and $1.3 million in Q1 2022. Additional services will remain, including overdraft coverage options and mobile banking tools. Renasant, with approximately $16.9 billion in assets, operates numerous banking offices across several states.

Renasant Corporation (NASDAQ: RNST) reported Q1 2022 net income of $33.5 million, down from $57.9 million YoY. Earnings per share (EPS) were $0.60 compared to $1.03 last year. Key highlights include a net interest income of $101.4 million, a decrease from the previous quarter, and a net loan growth of $292.5 million. The company also completed the acquisition of Southeastern Commercial Finance, adding $28.1 million in loans. Noninterest expense decreased by $7.0 million, driven by cost savings from contract negotiations.

The board of directors of Renasant Corporation (NASDAQ: RNST) has declared a quarterly cash dividend of $0.22 per share. This dividend will be paid on June 30, 2022, to shareholders on record as of June 16, 2022. Renasant Corporation, with approximately $16.9 billion in assets, operates 196 banking and financial service offices across several states, including Mississippi, Tennessee, and Alabama.

Renasant Corporation (NASDAQ: RNST) has been recognized by Forbes as one of the World’s Best Banks 2022, ranking sixth among U.S. banks. This evaluation is based on a survey of over 45,000 customers assessing factors such as satisfaction, trust, and digital services. Renasant’s CEO, Mitch Waycaster, expressed pride in this accolade, highlighting the achievements of their dedicated team. The bank has previously received multiple awards, including Newsweek’s Best Big Bank in Mississippi for 2022 and accolades from Forbes and Time Magazine in prior years.

Renasant Corporation (NASDAQ: RNST) will announce its 2022 first quarter results after NASDAQ's close on April 26, 2022. A conference call for analysts will take place on April 27, 2022, at 10:00 AM ET, accessible via Renasant's investor relations website and by phone. The quarterly results webcast will be archived for one year. Renasant has approximately $16.8 billion in assets and operates 199 banking and financial service locations across several states.

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.