Renasant Corporation Reports Q1 2025 Earnings

Renasant ( (RNST) ) has released its Q1 earnings. Here is a breakdown of the information Renasant presented to its investors.

Renasant Corporation is a financial services institution operating in the Southeast, offering a range of banking, lending, mortgage, and wealth management services. In the first quarter of 2025, Renasant Corporation reported a net income of $41.5 million, with a diluted earnings per share of $0.65. The company completed a significant merger with The First Bancshares, Inc., expanding its footprint across several states and adding $8.0 billion in assets. Key financial metrics showed a net interest income of $137.4 million and a net interest margin of 3.45%. The company also reported a 5.4% annualized net loan growth and a 2.22% cost of total deposits. Renasant’s noninterest income rose due to increased mortgage banking income and gains on SBA loan sales, while noninterest expenses saw a decrease. Looking ahead, Renasant Corporation is poised to leverage its expanded market presence and strategic acquisitions to enhance profitability and growth in attractive banking markets.