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Renasant Corp  (RNST)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $29.1600 $0.21 0.725%
Day's High: $29.62 Week Perf: -6.48 %
Day's Low: $ 28.43 30 Day Perf: -7.22 %
Volume (M): 911 52 Wk High: $ 34.85
Volume (M$): $ 26,559 52 Wk Avg: $28.87
Open: $28.79 52 Wk Low: $22.99



 Market Capitalization (Millions $) 1,648
 Shares Outstanding (Millions) 57
 Employees 1,996
 Revenues (TTM) (Millions $) 617
 Net Income (TTM) (Millions $) 145
 Cash Flow (TTM) (Millions $) 225
 Capital Exp. (TTM) (Millions $) 22

Renasant Corp

Renasant Corporation, a Mississippi corporation incorporated in 1982, owns and operates Renasant Bank, a Mississippi banking association with operations in Mississippi, Tennessee, Alabama, Florida and Georgia, and Renasant Insurance, Inc., a Mississippi corporation with operations in Mississippi. Renasant Insurance, Inc. is a wholly-owned subsidiary of Renasant Bank. Renasant Bank is referred to herein as the “Bank” and Renasant Insurance, Inc. is referred to herein as “Renasant Insurance.”
Our vision is to be the financial services advisor and provider of choice in each community we serve. With this vision in mind, management has organized the branch banks into community banks using a franchise concept. The franchise approach empowers community bank presidents to execute their own business plans in order to achieve our vision. Specific performance measurement tools are available to assist these presidents in determining the success of their plan implementation.

While we have preserved decision-making at a local level, we have centralized our legal, accounting, investment, risk management, loan review, human resources, audit and data processing/operations functions. The centralization of these processes enables us to maintain consistent quality of these functions and achieve certain economies of scale.
Our vision is further validated through our core values. These values include (1) employees are our greatest assets, (2) quality is not negotiable and (3) clients’ trust is foremost. Centered on these values was the development of five different objectives that are the focal point of our strategic plan. Those objectives include: (1) client satisfaction and development, (2) financial soundness and profitability, (3) growth, (4) employee satisfaction and development and (5) shareholder satisfaction and development.



   Company Address: 209 Troy Street, Tupelo, 38804 MS
   Company Phone Number: 680-1001   Stock Exchange / Ticker: NYSE RNST
    Next quarterly dividend pay out on March 29, 2024.


Customers Net Income fell by RNST's Customers Net Profit Margin fell to

-3.61 %

11.15 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.33%    
CFG   -2.19%    
FCNCA        2.47% 
FITB   -2.51%    
NTRS        1.27% 
TCBI   -1.91%    
• View Complete Report
   



Renasant Corp

Renasant Corp Faces Challenges in Tough Business Environment, Reports Decline in Earnings

Renasant Corp, a regional bank based in Tupelo, Mississippi, recently reported its earnings results for the fourth quarter of 2023. The company experienced a drop in income per share by -39.91% to $0.49 per share compared to the previous year. This decrease can be attributed to a revenue decline of -8.555% to $146.99 million. In the same period of the prior year, Renasant Corp achieved a revenue of $160.27 million and a bottom line of $0.74 per share.
Furthermore, the bottom line in the fourth quarter of 2023 totaled $28.124 million, representing a -39.23% decline from the $46.276 million recorded in the corresponding period the previous year. The profitability of Renasant Corp for this quarter also witnessed a decrease, with the operating margin reducing to 21.71% and the net margin shrinking to 19.13%. The company's operating earnings fell by -46.06% to $31.911 million, leading to a decline in the operating margin from 36.8% in the fourth quarter of 2022 to 21.71% in the fourth quarter of 2023.

Dividend

Renasant Corporation Boosts Shareholder Confidence with Quarterly Cash Dividend Approval

Published Fri, Feb 16 2024 6:58 PM UTC

Renasant Corporation Approves Quarterly Cash Dividend; Shareholders to Receive 22 Cents Per Share
Renasant Corporation (NYSE: RNST) recently announced the approval of a quarterly cash dividend of $0.22 per share to be paid on March 29, 2024, to shareholders of record as of March 15, 2024. This decision by the board of directors has significant implications for shareholde...

Renasant Corp

Renasant Corp Reports Marginally Decreased Revenue in Q3 2023, Bucking Industry Trend

Renasant Corporation, a regional banks company, recently released its disappointing third quarter results for 2023. The company saw a decline of -10.84% in earnings per share (EPS), decreasing from $0.83 to $0.74. Additionally, revenue depreciated by -0.888% to $160.27 million, compared to the same period in the previous year.
This underwhelming performance stands in contrast to the overall industry trend, as the Regional Banks industry experienced a modest growth of 0.27% in revenue during the third quarter of 2023, in comparison to the third quarter of 2022. This demonstrates that Renasant Corporation's decline in revenue is particularly noteworthy in light of the industry's positive trajectory.

Dividend

Renasant Corporation: A Dividend Declaration that Speaks Stability and Rewards

Published Thu, Nov 9 2023 9:30 PM UTC

Renasant Corporation Declares Quarterly Dividend: A Steady Investment Opportunity for Shareholders
In a recent press release, Renasant Corporation (NYSE: RNST) announced that its board of directors has approved the payment of a quarterly cash dividend of twenty-two cents ($0.22) per share. The dividend will be paid on January 1, 2024, to shareholders of record as of Dece...

Renasant Corp

Renasant Corp Faces a 28.17% Earnings Plunge and a 2.882% Revenue Downturn Amid Rising Regional Banks Sector in Fiscal 2023

Renasant Corp, a regional bank, recently reported a decline in both earnings per share and revenue for the fiscal quarter ending June 30, 2023. The company's earnings per share dropped by 28.17% to $0.51, while revenue decreased by 2.882% to $144.44 million compared to the same period the previous year.
This decline is in stark contrast to the overall performance of the Regional Banks sector, which saw a revenue increase during the same time frame. In addition, Renasant Corp's income also fell from the preceding quarter, with earnings per share decreasing from $0.82 and revenue deteriorating by 12.517% from $165.11 million.






 

Renasant's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Renasant does not provide revenue guidance.

Earnings Outlook
Renasant Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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