Renasant Corp. (RNST)
NYSE:RNST
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Renasant
(NYSE:RNST)
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Rating:74Outperform
Price Target:
$45.00
▲(11.19% Upside)
Action:ReiteratedDate:05/01/26
RNST scores well primarily on solid (though mixed) financial performance—stronger cash generation and re-accelerating revenue, tempered by margin/ROE pressure—and a constructive earnings update with reaffirmed growth guidance and improved profitability metrics. Valuation is supportive with a low P/E and moderate yield, while technicals point to a steady uptrend with moderate momentum.
Positive Factors
Improved cash generation
Material improvement in operating cash flow and free cash flow coverage of net income strengthens earnings quality and liquidity. Durable cash generation supports dividends, buybacks, and loan deployment without heavy reliance on wholesale funding, providing optionality over the next several quarters.
Negative Factors
Securities build from lagging loan growth
An oversized securities portfolio reflects deployment inefficiency while loans lag, constraining asset yield and organic NII growth. Unless loan origination accelerates, excess securities can depress aggregate yield and limit sustainable loan-driven revenue expansion over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Material improvement in operating cash flow and free cash flow coverage of net income strengthens earnings quality and liquidity. Durable cash generation supports dividends, buybacks, and loan deployment without heavy reliance on wholesale funding, providing optionality over the next several quarters.
Read all positive factors
Renasant (RNST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.75B
Dividend Yield2.47%
Average Volume (3M)687.61K
Price to Earnings (P/E)9.6
Beta (1Y)1.00
Revenue Growth43.48%
EPS Growth-25.06%
CountryUS
Employees2,200
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.13
Shares Outstanding94,142,300
10 Day Avg. Volume715,988
30 Day Avg. Volume687,612
Financial Highlights & Ratios
PEG Ratio-0.50
Price to Book (P/B)0.86
Price to Sales (P/S)2.30
P/FCF Ratio13.99
Enterprise Value/Market Cap0.88
Enterprise Value/Revenue2.45
Enterprise Value/Gross Profit4.23
Enterprise Value/Ebitda13.58
Forecast
1Y Price Target
$45.00Price Target Upside11.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.58
Revenue Forecast (FY)$1.13B
Renasant Business Overview & Revenue Model
Company Description
Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Ba...
How the Company Makes Money
Renasant primarily makes money through (1) net interest income and (2) noninterest (fee) income. Net interest income is generated by earning interest and fees on loans and other interest-earning assets (e.g., commercial loans, consumer loans, real...
Renasant Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
Overall the call conveyed a constructive and confident tone: the company reported strong profitability gains (notably EPS up 41%, improved ROA/ROTCE and a materially better efficiency ratio), solid deposit inflows, a well-capitalized balance sheet, active share buybacks, and targeted hiring to drive future growth. Offsetting items include a modest loan contraction in Q1, slight NIM and net interest income pressure, some volatility in nonperforming loans, and seasonal/public-fund-driven deposit growth. Management reiterated a mid-single-digit loan and deposit growth target and emphasized optionality via capital, reserves, and hiring discipline.Positive Updates
Strong Adjusted EPS and Profitability Improvement
Adjusted earnings per share of $0.93 in Q1, a 41% year-over-year increase; adjusted return on assets improved from 95 bps (0.95%) to 133 bps (1.33%); adjusted return on tangible equity rose from 10.3% to 16.3%.
Negative Updates
Quarterly Loan Contraction
Total loans decreased $71.8 million on a linked-quarter basis (1.5% annualized); production slowed in March due to macro events and aggressive pricing/terms from incumbent banks, creating near-term headwinds to loan growth.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Adjusted EPS and Profitability Improvement
Adjusted earnings per share of $0.93 in Q1, a 41% year-over-year increase; adjusted return on assets improved from 95 bps (0.95%) to 133 bps (1.33%); adjusted return on tangible equity rose from 10.3% to 16.3%.
Read all positive updates
Company Guidance
Management reaffirmed mid-single-digit loan and deposit growth for 2026 while highlighting strong Q1 results: adjusted EPS $0.93 (+41% YoY), adjusted ROA 1.33% (up from 0.95%), adjusted ROTCE 16.3% (from 10.3%), and an improved efficiency ratio of 55.7% (from 65.5%). Balance-sheet and margin metrics: loans down $71.8M QoQ (1.5% annualized), deposits up $626.4M QoQ (11.8% annualized) with ~50–60% of Q1 deposit growth from public funds, reported NIM 3.87% (–2 bps QoQ), adjusted margin 3.61% (–1 bp), adjusted cost of deposits 1.94% (–3 bps), and adjusted loan yield 6.04% (–7 bps). Credit and capital: provision $8.1M ($4.2M funded, $3.9M unfunded), net charge-offs $2.3M (≈5 bps in Q1), ACL/TL 1.56% (up 2 bps QoQ), securities ≈$4B (about $1B above comfortable level), $1.2–$3.0B of loans repricing over 12 months at ~5–5.1%, and all regulatory capital ratios remain well above “well-capitalized” minimums (CET1 ~11.25% start, management expects to finish the year near that level while remaining active with buybacks and a ~30% dividend payout posture).Renasant Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
70
Positive
Cash Flow
76
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.44B | 1.04B | 909.77M | 691.06M | 695.67M |
| Gross Profit | 878.39M | 653.18M | 616.19M | 606.68M | 653.15M |
| EBITDA | 242.94M | 277.25M | 212.42M | 254.05M | 270.18M |
| Net Income | 181.27M | 195.46M | 144.68M | 166.07M | 175.89M |
Balance Sheet | |||||
| Total Assets | 26.75B | 18.03B | 17.36B | 16.99B | 16.81B |
| Cash, Cash Equivalents and Short-Term Investments | 1.07B | 1.92B | 1.72B | 2.11B | 4.26B |
| Total Debt | 1.06B | 538.63M | 736.98M | 1.14B | 485.16M |
| Total Liabilities | 22.87B | 15.36B | 15.06B | 14.85B | 14.60B |
| Stockholders Equity | 3.88B | 2.68B | 2.30B | 2.14B | 2.21B |
Cash Flow | |||||
| Free Cash Flow | 237.75M | 115.78M | 126.92M | 559.21M | 122.14M |
| Operating Cash Flow | 271.47M | 129.43M | 148.55M | 574.04M | 142.66M |
| Investing Cash Flow | -734.02M | -298.04M | -55.40M | -2.04B | -660.00M |
| Financing Cash Flow | 441.24M | 459.30M | 132.21M | 167.64M | 1.76B |
Renasant Technical Analysis
Positive
40.47
Price Trends
38.01
Positive
37.14
Positive
36.65
Positive
Market Momentum
0.86
Negative
70.14
Negative
84.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RNST, the sentiment is Positive. The current price of 40.47 is above the 20-day moving average (MA) of 37.55, above the 50-day MA of 38.01, and above the 200-day MA of 36.65, indicating a bullish trend. The MACD of 0.86 indicates Negative momentum. The RSI at 70.14 is Negative, neither overbought nor oversold. The STOCH value of 84.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RNST.
Renasant Risk Analysis
Renasant disclosed 32 risk factors in its most recent earnings report. Renasant reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Renasant Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.01B | 11.25 | 9.41% | 3.02% | 4.34% | 29.58% | |
77 Outperform | $4.43B | 14.47 | 9.93% | ― | 3.26% | 329.26% | |
76 Outperform | $4.16B | 9.64 | 11.45% | 3.52% | -0.22% | 23.07% | |
74 Outperform | $3.75B | 9.59 | 5.94% | 2.47% | 43.48% | -25.06% | |
68 Neutral | $3.76B | 11.52 | 7.01% | 3.05% | 27.41% | 13.49% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $4.74B | 16.63 | 9.21% | 2.72% | 62.59% | ― |
* Financial Sector Average
RNST
Renasant
39.41
6.90
21.24%
FULT
Fulton Financial
21.20
4.57
27.47%
INDB
Independent Bank
77.16
17.04
28.35%
TCBI
Texas Capital Bancshares
99.59
29.08
41.23%
UCB
United Community Banks
33.19
5.65
20.51%
EBC
Eastern Bankshares
19.92
5.11
34.46%
Renasant Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Renasant Updates Bylaws and Shareholder Governance Framework
Positive
May 1, 2026
On April 28, 2026, Renasant Corporation’s board approved amended and restated bylaws that immediately updated rules around annual meeting scheduling, shareholder meeting adjournments, director qualification standards under banking law, remot...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Renasant Updates Investor Presentation, Highlights Preliminary Q1 Results
Neutral
Apr 30, 2026
Renasant Corporation has updated its investor presentation materials and plans to brief current and prospective fixed-income investors on or after April 30, 2026, providing a detailed snapshot of franchise strength, capital and recent financial pe...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Renasant Posts Strong Q1 Results, Boosts Capital Returns
Positive
Apr 28, 2026
On April 28, 2026, Renasant Corporation reported a sharp year-over-year improvement in first-quarter results, with net income rising to $88.2 million and diluted EPS climbing to $0.94, alongside stronger returns on assets and equity and a signific...
Executive/Board Changes
Renasant Aligns Executive Bonus Plan for Senior Leader
Neutral
Mar 16, 2026
Effective March 11, 2026, Renasant Bank amended the employment agreement of senior executive M. Ray (Hoppy) Cole, Jr., shifting his eligibility under the Performance Based Rewards Plan from off-cycle performance periods to a standard calendar-year...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.