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Renasant Corporation

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, and fiduciary services to retail and commercial customers. The company operates in two segments, Community Banks and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate"1-4 family mortgage; real estate"commercial mortgage; real estate"construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts. It also provides annuities, mutual funds, and other investment services through a third-party broker-dealer; administrative and compliance services; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates, as well as administrative and compliance services for certain mutual funds. The company was founded in 1904 and is based in Tupelo, Mississippi.

Price · split & dividend adjusted
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Renasant signals mid-single-digit growth as pipeline rises 6%-10% and $1.25B loans reprice over 12 months

Renasant Corporation guided to mid-single-digit loan and deposit growth for the second half of 2026, supported by a loan pipeline that is up 6% to 10% and roughly $1.25 billion in loans set to reprice over the next 12 months at about 4.95%. Adjusted earnings per share were $0.94 in the second quarter, with an adjusted return on average assets of 1.3% and an efficiency ratio that improved to 57.9% from 67.6% a year ago. Loans rose $220.9 million on a linked-quarter basis, or 4.7% annualized, while deposits fell $398.4 million, or 7.2% annualized, primarily due to seasonal public-fund outflows. The reported net interest margin decreased 4 basis points to 3.83%, while the adjusted margin remained flat at 3.61%, and management expects a stable margin in the second half. Noninterest expense was $161.5 million, up $6.2 million from the first quarter, driven by deferred compensation accruals, higher health insurance claims, and annual merit increases, though executives expect expenses to moderate downward in the third quarter and then hold steady.
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Renasant Q2 Non-GAAP EPS beats estimates by $0.03, revenue misses

Renasant Corporation reported second-quarter Non-GAAP earnings per share of $0.94, beating analyst estimates by $0.03. Revenue came in at $273.94 million, a 2.5% increase year-over-year, but fell short of expectations by $6.61 million. Shares rose 1.34% in after-hours trading following the release.
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StockStory flags Renasant, Fulton Financial, and BOK Financial as bank stocks to avoid

StockStory identifies three bank stocks that raise concerns despite the banking industry's 8.6% gain over the past six months. Renasant, with a market cap of $3.93 billion, posted 9.4% annual revenue growth over five years but saw earnings per share grow only 5% annually, and its tangible book value per share rose just 3.5% annually over two years. Fulton Financial, valued at $4.63 billion, recorded 8.9% annual revenue growth and 6.6% annual earnings per share growth over five years, with Wall Street estimates implying tepid tangible book value per share growth of 9.2% over the next 12 months. BOK Financial, at an $8.41 billion market cap, delivered just 2.5% annual revenue growth and 3.7% annual net interest income growth over five years, alongside a net interest margin of 2.8%.
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Renasant Stock: Hold or Sell After Q1 Earnings?

Renasant shares have risen 21% over the past six months, outperforming the S&P 500 by 13 percentage points and now trading at $42.99. Despite this momentum, our analysis flags three concerns: annualized revenue growth of 9.4% over five years fell short of sector standards, earnings per share grew at a weaker 5% compounded annual rate, and tangible book value per share expanded at a sluggish 3.5% annual pace over the last two years. The stock trades at 1 times forward price-to-book, which we view as fair, but we lack conviction in the company's quality and see better opportunities elsewhere.
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