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Renasant Corp. (RNST)
NYSE:RNST
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Renasant
(NYSE:RNST)
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Rating:72Outperform
Price Target:
$40.00
▲(14.68% Upside)
Renasant's overall stock score is driven by strong cash flow performance and a positive earnings call outlook, highlighting successful loan growth and integration efforts. However, the valuation suggests potential overvaluation, and technical indicators point to possible overbought conditions. The financial performance is stable but shows areas for improvement in profitability and margin management.
Renasant (RNST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.43B
Dividend Yield2.47%
Average Volume (3M)497.67K
Price to Earnings (P/E)18.2
Beta (1Y)0.92
Revenue Growth20.26%
EPS Growth-35.00%
CountryUS
Employees2,200
SectorN/A
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.63
Shares Outstanding95,021,385
10 Day Avg. Volume508,935
30 Day Avg. Volume497,669
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)0.79
Price to Sales (P/S)2.04
P/FCF Ratio18.33
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price Target
$45.00Price Target Upside29.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Renasant Business Overview & Revenue Model
Company DescriptionRenasant Corporation (RNST) is a financial services holding company based in Tupelo, Mississippi, primarily engaged in providing a range of banking and financial solutions. The company operates through its wholly-owned subsidiary, Renasant Bank, which offers various services including personal and commercial banking, mortgage lending, treasury management, and wealth management. Operating in the southeastern United States, Renasant caters to both individual consumers and businesses, focusing on fostering long-term relationships with its clients while delivering tailored financial solutions.
How the Company Makes MoneyRenasant generates revenue through several key streams. The primary source is net interest income, which comes from the difference between interest earned on loans and interest paid on deposits. The bank offers various loan products, including commercial loans, consumer loans, and mortgage loans, which contribute significantly to this income. Additionally, Renasant earns non-interest income through fees for services such as account maintenance, ATM usage, and wealth management services. The company also benefits from its mortgage origination and servicing activities. Strategic partnerships with other financial institutions and service providers enhance its product offerings and customer reach, further supporting its revenue generation.
Renasant Earnings Call Summary
Earnings Call Date:Oct 28, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jan 27, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a positive outlook with strong loan growth, successful integration efforts, and improved profitability metrics. However, challenges such as deposit decline, increased credit loss provisions, and higher noninterest expenses were also noted.Q3-2025 Updates
Positive Updates
Loan Growth Achievement
Renasant achieved a loan growth of almost 10% during the quarter, with an increase of $462 million on a linked quarter basis or 9.9% annualized.
Profitability Improvement
The company's net income was $59.8 million or $0.63 per diluted share. Adjusted earnings, excluding merger charges, were $72.9 million or $0.77 per diluted share.
Return on Equity and Assets
Adjusted return on average assets improved by 12 basis points to 1.09%, and adjusted return on tangible common equity improved by 296 basis points to 14.22%.
Successful Integration with The First
The integration with The First and the systems conversion were completed successfully, contributing to positive financial results.
Capital and Efficiency Improvements
All regulatory capital ratios remain in excess of required minimums. The adjusted efficiency ratio improved by about 0.4 percentage points.
Negative Updates
Deposit Decline
Deposits were down $158 million from the second quarter, driven by a seasonal decrease in public funds of $169 million.
Credit Loss Provisions
A credit loss provision on loans amounted to $10.5 million, with net charge-offs of $4.3 million. The ACL as a percentage of total loans declined 1 basis point quarter-over-quarter to 1.56%.
Increase in Noninterest Expenses
Noninterest expense was $183.8 million for the third quarter. Excluding merger and conversion expenses, it was $166.3 million, an increase of $3.6 million compared to the previous quarter.
Criticized Loans Increase
There was a broad-based increase in criticized loans, including one multifamily transaction and two C&I transactions contributing significantly to the jump.
Company Guidance
During the Renasant Corporation 2025 Third Quarter Earnings Conference Call, the company provided guidance indicating strong financial performance and progress towards profitability goals. Renasant reported a net income of $59.8 million, or $0.63 per diluted share, with adjusted earnings reaching $72.9 million, or $0.77 per diluted share, excluding merger charges. Loan growth was robust, with an increase of $462 million, or 9.9% annualized, while deposits decreased by $158 million due to a seasonal reduction in public funds. The reported net interest margin remained steady at 3.85%, but the adjusted margin increased by 4 basis points to 3.62% on a linked-quarter basis. The adjusted total cost of deposits rose by 4 basis points to 2.08%, while adjusted loan yields increased by 5 basis points to 6.23%. The company also recorded a credit loss provision on loans of $10.5 million. The adjusted return on average assets improved to 1.09%, and the adjusted return on tangible common equity increased to 14.22%. Renasant anticipates continued profitability improvements and operational efficiencies following the successful integration and systems conversion with The First, despite facing challenges such as interest rate fluctuations and regulatory changes.Renasant Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
75
Positive
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Renasant Technical Analysis
Neutral
34.88
Price Trends
35.03
Positive
36.13
Negative
35.06
Positive
Market Momentum
0.48
Positive
51.95
Neutral
26.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RNST, the sentiment is Neutral. The current price of 34.88 is below the 20-day moving average (MA) of 36.22, below the 50-day MA of 35.03, and below the 200-day MA of 35.06, indicating a neutral trend. The MACD of 0.48 indicates Positive momentum. The RSI at 51.95 is Neutral, neither overbought nor oversold. The STOCH value of 26.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RNST.
Renasant Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
80 Outperform | $3.75B | 18.46 | 5.51% | 3.05% | 11.05% | -10.78% | |
79 Outperform | $4.26B | 15.30 | 8.60% | ― | 5.19% | 3454.95% | |
77 Outperform | $3.94B | 12.83 | 9.01% | 3.02% | 5.63% | 65.11% | |
74 Outperform | $4.47B | 75.76 | 1.32% | 2.72% | -1.18% | -89.13% | |
72 Outperform | $3.43B | 18.19 | 4.54% | 2.47% | 20.26% | -35.00% | |
71 Outperform | $3.64B | 10.54 | 10.92% | 3.52% | 9.60% | 20.38% |
* Sector Average
RNST
Renasant
36.10
1.01
2.88%
FULT
Fulton Financial
20.14
0.94
4.90%
INDB
Independent Bank
75.76
12.16
19.12%
TCBI
Texas Capital Bancshares
93.44
14.81
18.84%
UCB
United Community Banks
32.44
0.86
2.72%
EBC
Eastern Bankshares
18.75
1.79
10.55%
Renasant Corporate Events
Executive/Board ChangesShareholder Meetings
Renasant Director Dr. Richard Heyer to Retire
Neutral
Nov 14, 2025
On November 10, 2025, Dr. Richard Heyer informed Renasant Corporation that he will not seek re-election as a director at the company’s 2026 Annual Meeting of Shareholders, scheduled for April 28, 2026. Dr. Heyer will also retire from the board of Renasant Bank, a subsidiary of the company. His decision was not due to any disagreements with the company’s operations, policies, or practices.
M&A TransactionsFinancial Disclosures
Renasant Reports Q3 2025 Financial Results and Merger Impact
Neutral
Nov 5, 2025
In the third quarter of 2025, Renasant Corporation reported a net income of $59.8 million and a diluted EPS of $0.63. The company experienced a 9.9% annualized increase in loans while deposits decreased due to public fund seasonality. The merger with The First Bancshares, Inc. presents opportunities and risks, including integration challenges and regulatory scrutiny, which could impact Renasant’s financial performance and growth strategy.
Stock BuybackBusiness Operations and StrategyFinancial Disclosures
Renasant Reports Strong Q3 2025 Earnings Growth
Positive
Oct 28, 2025
Renasant Corporation announced its third-quarter 2025 earnings, reporting a net income of $59.8 million. The company experienced strong loan growth and profit improvement, with a net interest income of $228.1 million and a net interest margin of 3.85%. The integration with The First Bancshares, Inc. is progressing well, positioning Renasant to meet its financial goals. However, the company faced challenges such as a decrease in deposits and an increase in nonperforming loans. The Board approved a $150 million stock repurchase program, replacing the previous $100 million program.
Legal Proceedings
Renasant Faces Impact from Tricolor Bankruptcy Filing
Negative
Sep 11, 2025
On September 10, 2025, Tricolor Holdings, LLC, a customer of Renasant Bank, filed for Chapter 7 bankruptcy, impacting a $22.5 million loan secured by Tricolor’s used car inventory. The loan, initially performing, has been placed on nonaccrual status, and Renasant Bank is actively working to secure its collateral and protect its interests.
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.