Breakdown | ||||
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
887.78M | 631.78M | 630.55M | 650.99M | 660.29M | Gross Profit |
887.78M | 797.32M | 630.55M | 650.99M | 660.29M | EBIT |
-652.83M | 195.92M | 271.82M | 222.83M | 103.49M | EBITDA |
0.00 | 197.45M | 254.05M | 266.00M | 138.12M | Net Income Common Stockholders |
195.46M | 144.68M | 166.07M | 175.89M | 83.65M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
1.03B | 1.13B | 2.11B | 4.26B | 1.98B | Total Assets |
18.03B | 17.36B | 16.99B | 16.81B | 14.93B | Total Debt |
538.63M | 729.40M | 1.14B | 485.16M | 474.97M | Net Debt |
340.22M | -71.95M | 564.37M | -1.39B | -158.23M | Total Liabilities |
15.36B | 15.06B | 14.85B | 14.60B | 474.97M | Stockholders Equity |
2.68B | 2.30B | 2.14B | 2.21B | 2.13B |
Cash Flow | Free Cash Flow | |||
129.43M | 126.92M | 559.21M | 122.14M | 53.97M | Operating Cash Flow |
129.43M | 148.55M | 574.04M | 142.66M | 82.24M | Investing Cash Flow |
-298.04M | -55.40M | -2.04B | -660.00M | -1.27B | Financing Cash Flow |
459.30M | 132.21M | 167.64M | 1.76B | 1.40B |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
79 Outperform | $3.26B | 12.91 | 7.64% | 3.48% | 6.75% | 37.84% | |
77 Outperform | $3.14B | 10.64 | 18.55% | 3.43% | 4.84% | 4.75% | |
72 Outperform | $3.03B | 11.72 | 10.25% | 1.16% | 5.14% | ― | |
70 Outperform | $3.02B | 9.93 | 7.83% | 2.76% | 13.04% | 31.39% | |
68 Neutral | $2.77B | 9.67 | 10.60% | 4.13% | 21.45% | 5.62% | |
66 Neutral | $2.89B | 12.44 | 9.11% | 4.55% | -0.47% | 5.97% | |
63 Neutral | $12.32B | 9.52 | 7.89% | 79.24% | 12.74% | -4.55% |
On April 22, 2025, Renasant Corporation announced its earnings for the first quarter of 2025, reporting a net income of $41.5 million and a diluted EPS of $0.65. The company completed its merger with The First Bancshares, Inc. on April 1, 2025, which is expected to enhance its profitability and operational reach in attractive banking markets. The merger added significant assets, loans, and deposits to Renasant’s portfolio, positioning the company for accelerated growth. The report highlighted improvements in net interest income, noninterest income, and credit quality, while also noting a decrease in noninterest expenses.
Spark’s Take on RNST Stock
According to Spark, TipRanks’ AI Analyst, RNST is a Neutral.
Renasant’s overall stock score reflects strong financial performance and a favorable valuation offset by weak technical indicators. The positive guidance from the latest earnings call and anticipated merger benefits provide a solid outlook, though caution is warranted due to technical weaknesses and cash flow concerns.
To see Spark’s full report on RNST stock, click here.
On April 1, 2025, Renasant Corporation completed its merger with The First Bancshares, Inc., with Renasant continuing as the surviving corporation. The merger also involved the integration of The First Bank into Renasant Bank. As a result of the merger, Renasant assumed subordinated debentures and notes totaling $133,786,000 and expanded its board of directors to include members from The First. The transition in leadership will see Kevin D. Chapman assume the role of CEO, while E. Robinson McGraw will resign as an officer but remain Chairman of the Board. The integration of The First’s operations is expected to be completed by early August 2025.
Renasant Corporation will present to investors at various conferences in early 2025, sharing materials related to their operations and financial outlook. The company emphasizes caution regarding forward-looking statements, citing risks such as integration challenges from its proposed merger with The First Bancshares, Inc., economic conditions, and regulatory changes, which could impact its future performance and stakeholder interests.
Renasant Corporation, a financial services company, announced its earnings for the fourth quarter of 2024 on January 28, 2025. The company’s net income for the quarter was $44.7 million, with a diluted EPS of $0.70 and adjusted diluted EPS of $0.73. Net interest income increased slightly to $135.5 million, while noninterest income saw a decrease due to a previous gain on the sale of an insurance agency. The company’s credit quality showed improvement, with nonperforming loans decreasing and a provision for credit losses of $2.6 million recorded for the quarter. The company is also focused on its strategic merger with The First Bancshares, Inc., aiming to integrate and grow its operations through the acquisition.