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Renasant Corp  (RNST)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $30.9500 $-0.15 -0.482%
Day's High: $31.76 Week Perf: 0.88 %
Day's Low: $ 30.95 30 Day Perf: 7.58 %
Volume (M): 674 52 Wk High: $ 34.85
Volume (M$): $ 20,873 52 Wk Avg: $29.17
Open: $31.36 52 Wk Low: $22.99



 Market Capitalization (Millions $) 1,742
 Shares Outstanding (Millions) 56
 Employees 1,996
 Revenues (TTM) (Millions $) 614
 Net Income (TTM) (Millions $) 138
 Cash Flow (TTM) (Millions $) -3
 Capital Exp. (TTM) (Millions $) 17

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 June 28, 2024.


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

46.82 %

12.42 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        1.53% 
BPOP        1.06% 
CFG        3.39% 
FCNCA        1.42% 
FITB   -0.04%    
NTRS   -1.45%    
• View Complete Report
   



Renasant Corp

Renasant Corp's Lackluster Performance Paints a Dreary Picture for Investors in Q1 2024

Renasant Corporation (NYSE: RNST), a regional bank holding company based in Tupelo, Mississippi, recently released disappointing financial results for the first quarter of 2024. The company reported a decline in earnings per share (EPS) by -14.63% to $0.70 from $0.82, and a decrease in revenue by -1.741% to $162.23 million year on year. Although there was some improvement from the previous quarter, with income per share increasing from $0.49 and revenue advancing by 10.369% from $146.99 million, the overall performance fell short of expectations.
One significant aspect of Renasant Corp's financial results was the decrease in earnings to $39.409 million, a decline of -14.47% from $46.078 million in the same period a year before. This dip in profitability is cause for concern, especially for shareholders who were expecting positive growth. Furthermore, the company's operating margin also suffered, mitigating to 30.4% from 34.77% in the first quarter of 2023, and the net margin shrank to 24.29%. These figures reflect a decrease in the company's overall profitability and raise questions regarding its ability to generate sustainable earnings in the long term.

Dividend

Renasant Corporation Declares Quarterly Dividend Amidst Stock Price Fluctuations

Published Thu, Apr 11 2024 6:43 PM UTC

Renasant Corporation's Quarterly Dividend Announcement Amidst Stock Price Fluctuations: A Closer Look
Renasant Corporation, a regional bank holding company based in Tupelo, Mississippi, recently announced the approval of a quarterly cash dividend of twenty-two cents ($0.22) per share. This dividend is scheduled to be paid on June 28, 2024, to shareholders of record as of...

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.






 

Renasant's Segments
 
 
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Renasant does not provide revenue guidance.

Earnings Outlook
Renasant Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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