Renasant - RNST STOCK NEWS

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.

Renasant Corporation (NASDAQ: RNST) reported a strong second quarter of 2021, with a net income of $40.9 million, up from $20.1 million in Q2 2020. Basic and diluted EPS increased to $0.73 and $0.72 respectively, compared to $0.36 the prior year. For the first half of 2021, net income reached $98.8 million, and EPS was $1.75. Total assets grew to $16.02 billion, with loans held for investment at $10.15 billion. The Company maintained stable credit metrics and increased both core deposits and net loans, indicating positive operational performance amidst ongoing challenges.