Renasant (RNST)

Renasant Corporation is the parent of Renasant Bank, a 116 year-old financial services institution. Renasant has assets of approximately $14.9 billion and operates more than 200 banking, lending, mortgage, wealth management and insurance offices throughout Mississippi, Tennessee, Alabama, Florida, Georgia, North Carolina and South Carolina.

Company profile

Ticker

RNST

Exchange

NASDAQ

Website

www.renasant.com

CEO

C. Mitchell Waycaster

Incorporated

Mississippi

Location

Mississippi

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial • Commerce Bancshares ...

Former names

PEOPLES HOLDING CO

SEC CIK

0000715072

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Primeco, Inc. • Renasant Leasing Corp. • Renasant Investment Corp. • Renasant Capital Corp. • Renasant Insurance, Inc. • Park Place Capital Corp. • Renasant Securities Corp. • Brand Group Holdings ...

IRS number

640676974

RNST stock data

1M 1Y 5Y

News

From Benzinga Pro

Truist Securities Maintains Hold on Renasant, Raises Price Target to $35

1 Aug 22

Truist Securities analyst Jennifer Demba maintains Renasant (NASDAQ:RNST) with a Hold and raises the price target from $31 to $35.

Renasant Q2 Adj. EPS $0.72 Beats $0.64 Estimate

26 Jul 22

Renasant (NASDAQ:RNST) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.64 by 12.5 percent. This is a 1.37 percent decrease over earnings of $0.73 per share from the same

Earnings Scheduled For July 26, 2022

26 Jul 22

Companies Reporting Before The Bell • General Motors (NYSE:GM) is likely to report quarterly earnings at $1.30 per share on revenue of $34.59 billion.

Renasant's Earnings: A Preview

25 Jul 22

Truist Securities Maintains Hold Rating for Renasant: Here's What You Need To Know

15 Jun 22

Press releases

From Benzinga Pro

Renasant Corporation Declares Quarterly Dividend

12 Aug 22

TUPELO, Miss., Aug. 12, 2022 (GLOBE NEWSWIRE) -- The board of directors of Renasant Corporation (NASDAQ:RNST) approved the payment of a quarterly cash dividend of twenty-two cents ($0.22) per share to be paid September

Renasant Mortgage Lending Announces Organizational Updates

8 Aug 22

BIRMINGHAM, Ala., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Renasant Corporation today announced organizational updates for its Renasant Mortgage Lending Division. David Mays, Executive Vice President and President of Renasant

Renasant Corporation Announces Earnings for the Second Quarter of 2022

26 Jul 22

TUPELO, Miss., July 26, 2022 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ:RNST) (the "Company") today announced earnings results for the second quarter of 2022. Net income for the second quarter of 2022 was

Renasant Announces 2022 Second Quarter Webcast and Conference Call Information

12 Jul 22

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

8 Aug 22

18 Aug 22

31 Dec 22

Financial summary

Financial statements Chart RNST financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.01B	1.01B	1.01B	1.01B	1.01B	1.01B
Cash burn (monthly)	199.01M	49.59M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	327.73M	81.66M	n/a	n/a	n/a	n/a
Cash remaining	682.74M	928.81M	n/a	n/a	n/a	n/a
Runway (months of cash)	3.4	18.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Renasant earnings reports.

Recent insider trades

RNST insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Aug 22	James C. IV Mabry	Common Stock	Payment of exercise	Dispose F	No	No	33.4	2,993	99.97K	83,648
30 Jun 22	Suggs Sean M.	Phantom Stock Common Stock	Grant	Acquire A	No	No	30.66	489.18	15K	5,189.7
30 Jun 22	Heyer Richard	Phantom Stock Common Stock	Grant	Acquire A	No	No	30.66	88.05	2.7K	9,831.74
30 Jun 22	Deer Jill V	Phantom Stock Common Stock	Grant	Acquire A	No	No	30.66	122.3	3.75K	6,202.66
30 Jun 22	Shmerling Michael D	Phantom Stock Common Stock	Grant	Acquire A	No	No	30.66	489.18	15K	26,743.19

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

RNST institutional ownership history Ownership history

93.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	191	192	-0.5%
Opened positions	22	24	-8.3%
Closed positions	23	14	+64.3%
Increased positions	80	72	+11.1%
Reduced positions	59	59	–

13F shares	Current	Prev Q	Change
Total value	3.24B	1.43B	+126.3%
Total shares	44.16M	44.48M	-0.7%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	8.25M	$237.62M	+0.5%
Vanguard	6.23M	$179.57M	+1.3%
Dimensional Fund Advisors	3.82M	$109.92M	+1.8%
STT State Street	2.62M	$75.62M	-9.8%
Victory Capital Management	2.05M	$58.96M	-30.0%
WHG Westwood	1.85M	$53.36M	+3.3%
Frontier Capital Management	1.69M	$0	0.0%
Allspring Global Investments	1.4M	$40.27M	-1.3%
Palisade Capital Management	1.08M	$31.04M	-1.3%
GS Goldman Sachs	1.06M	$30.58M	-22.3%

Largest transactions	Shares	Bought/sold	Change
Victory Capital Management	2.05M	-876.32K	-30.0%
GS Goldman Sachs	1.06M	-304.82K	-22.3%
Nuveen Asset Management	626.72K	+284.7K	+83.2%
STT State Street	2.62M	-283.89K	-9.8%
Millennium Management	292.43K	+279.96K	+2244.0%
Stieven Capital Advisors	252.19K	+252.19K	NEW
Segall Bryant & Hamill	186.89K	-227.65K	-54.9%
AMP Ameriprise Financial	638.22K	-178.77K	-21.9%
BNP Paribas Arbitrage	204.12K	+173.25K	+561.3%
Renaissance Technologies	170.63K	+170.63K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net income for the second quarter of 2022 was $39,678 compared to net income of $40,867 for the second quarter of 2021. Basic and diluted earnings per share (“EPS”) for the second quarter of 2022 were $0.71 as compared to basic and diluted EPS of $0.73 and $0.72, respectively, for the second quarter of 2021. Net income for the six months ended June 30, 2022, was $73,225 compared to net income of $98,775 for the same period in 2021. Basic and diluted EPS were $1.31 and $1.30, respectively, for the first six months of 2022 as compared to $1.75 for the first six months of 2021.
Net interest income, the difference between interest earned on assets and the cost of interest-bearing liabilities, is the largest component of our net income, comprising 75.60% of total revenue (i.e., net interest income on a fully taxable equivalent basis and noninterest income) for the second quarter of 2022. The primary concerns in managing net interest income are the volume, mix and repricing of assets and liabilities.
Net interest income was $113,515 and $213,144 for the three and six months ended June 30, 2022, as compared to $109,579 and $219,227 for the same periods in 2021. On a tax equivalent basis, net interest income was $115,321 and $216,704 for the three and six months ended June 30, 2022, as compared to $111,205 and $222,469 same periods in 2021.