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 (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.
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.
Renasant Corporation (NASDAQ: RNST) will announce its 2021 second quarter results on July 27, 2021, after NASDAQ closes. A live webcast and conference call will take place on July 28, 2021, at 10:00 AM ET. Investors can access the call via the company's investor relations website or by dialing 1-877-513-1143. Renasant Corporation, a 117-year-old financial institution, has assets of approximately $15.6 billion and operates 200 offices across multiple states. The call will be archived and available for replay for a year.
Renasant has successfully restructured its subsidiary, Park Place Capital Corporation, enhancing its investment management services. Park Place Capital, which previously operated as Nashville Capital Corp., now features three divisions: Park Place Capital Management for institutional clients, Park Place Funds for mutual fund management, and Park Place Advisors for individual investors. The restructuring includes improved compliance, technology, and a focus on scalable growth. Matthew Foster leads the division, ensuring a high-quality client experience.
Renasant Corporation (NASDAQ: RNST) reported strong first-quarter earnings for 2021, with a net income of $57.9 million, up from $2.0 million last year. Basic and diluted EPS reached $1.03 and $1.02, respectively, compared to $0.04 in Q1 2020. The company experienced significant growth in noninterest-bearing deposits, which increased by $450.3 million, and achieved loan growth excluding PPP loans. Total assets rose to $15.62 billion, reflecting a robust capital position with all regulatory ratios exceeding minimums required for being well-capitalized.
Renasant Corporation (NASDAQ: RNST) announced a quarterly cash dividend of $0.22 per share, payable on June 30, 2021, to shareholders of record as of June 16, 2021. This reflects the company's commitment to returning value to its shareholders amidst its growth trajectory. Currently, Renasant manages approximately $14.9 billion in assets and operates over 200 financial service locations across several states, including Mississippi, Tennessee, and Florida.
Renasant Corporation (NASDAQ: RNST) will announce its 2021 first quarter results after NASDAQ closes on April 27, 2021. Following this, an executive management webcast and conference call for analysts is scheduled for April 28, 2021, at 10:00 AM ET. Interested participants can access the webcast via the company’s investor relations website. Renasant, with approximately $14.9 billion in assets, operates over 200 financial service offices across several states.
The company advises investors that forward-looking statements may involve risks and uncertainties that could lead to different outcomes.
Renasant Corporation (NASDAQ: RNST) has declared a quarterly cash dividend of $0.22 per share, payable on March 31, 2021, to shareholders of record by March 17, 2021. This payment reflects the company's ongoing commitment to returning value to its investors. Renasant, with approximately $14.9 billion in assets, operates over 200 financial service offices across several states, including Mississippi, Tennessee, and Georgia. The firm continues to solidify its position in the market as a trusted bank.
FAQ
What is the current stock price of Renasant (RNST)?
What is the market cap of Renasant (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?
