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Renasant Corp. (RNST)
NYSE:RNST
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.17Last Year’s EPS
0.69Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 22, 2025
|% Change Since: 12.12%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong loan and deposit growth, successful merger completion, and improvements in asset quality and deposit costs. However, there were concerns about increased non-interest expenses and ongoing economic uncertainty. Overall, positive aspects outweighed the negative, indicating a promising outlook despite some challenges.Company Guidance
In the first quarter of 2025, Renasant Corporation reported strong financial performance, marked by earnings of $41.5 million or $0.65 per diluted share. Net interest income increased to $134.2 million, driven by solid loan growth of $170.6 million and a $200 million increase in total deposits, including $137 million from noninterest-bearing deposits. The cost of deposits decreased by 13 basis points, while non-interest income rose by $2.2 million, primarily due to a $1.3 million increase in mortgage banking income. Non-interest expenses were $113.9 million, or $113.1 million excluding merger and conversion costs. The company's adjusted pre-provision net revenue rose by $3.3 million, with an adjusted net interest margin increase of 8 basis points to 3.42%. Renasant's capital ratios exceed regulatory minimums, with book value per share and tangible book value per share rising by 1.6% and 2.7%, respectively. The company recorded a $4.8 million credit loss provision, and its allowance for credit losses as a percentage of total loans slightly decreased to 1.56%.Merger with First Bancshares Completed
On April 1, Renasant Corporation successfully completed the merger with First Bancshares, which is expected to enhance profitability and organic growth.
Strong Loan and Deposit Growth
Loans increased by $170.6 million linked quarter, representing a 5.4% annualized growth rate, while deposits grew by approximately $200 million.
Improvement in Deposit Mix and Cost
Noninterest-bearing deposits increased by $137 million, and the total cost of deposits decreased by 13 basis points.
Asset Quality Improvement
Improvements were seen in all credit quality metrics, with net recoveries of $125,000 and a decrease in the ACL as a percentage of total loans to 1.56%.
Increase in Book Value Per Share
Book value per share and tangible book value per share increased by 1.6% and 2.7%, respectively, quarter-over-quarter.
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RNST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RNST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 22, 2025 | $28.63 | $31.11 | +8.66% |
| Jan 28, 2025 | $37.21 | $37.61 | +1.07% |
| Oct 22, 2024 | $32.07 | $33.80 | +5.39% |
| Jul 23, 2024 | $36.00 | $35.23 | -2.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Renasant Corp. (RNST) report earnings?
Renasant Corp. (RNST) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Renasant Corp. (RNST) earnings time?
Renasant Corp. (RNST) earnings time is at Jul 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RNST EPS forecast?
RNST EPS forecast for the fiscal quarter 2025 (Q2) is 0.17.
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