RNST Q2 Deep Dive: Merger Integration Drives Revenue Growth, Profitability Lags ExpectationsRegional banking company Renasant (
NYSE:RNST) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 63.1% year on year to $267.2 million. Its non-GAAP profit of $0.69 per share was 5.7% below analysts’ consensus estimates.
Why Renasant (RNST) Stock Is Falling TodayShares of regional banking company Renasant (
NYSE:RNST) fell 3.5% in the afternoon session after the company reported second-quarter financial results that included a miss on earnings per share. The regional bank announced adjusted earnings of $0.69 per share, which fell short of analysts' consensus estimates of $0.73. While revenue of $267.2 million came in ahead of forecasts, investors appeared to focus on weaker credit quality metrics. The bank's total nonperforming loans, which are loans in or near default, came in at $141.86 million, significantly higher than the $102.76 million analysts had projected. Furthermore, the company's efficiency ratio, a measure of a bank's overhead as a percentage of its revenue, was 67.6%, worse than the 62.2% that was anticipated. Renasant's GAAP net income was heavily impacted by its recent merger with The First Bancshares, including a $66.6 million provision for credit losses and $20.5 million in merger-related expenses.
Renasant (NYSE:RNST) Posts Better-Than-Expected Sales In Q2 But Stock DropsRegional banking company Renasant (
NYSE:RNST) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 60.6% year on year to $267.2 million. Its non-GAAP profit of $0.69 per share was 5.7% below analysts’ consensus estimates.
Renasant (RNST) Q2 Earnings Report Preview: What To Look ForRegional banking company Renasant (
NYSE:RNST) will be reporting earnings this Tuesday afternoon. Here’s what investors should know.
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RNST Q1 Deep Dive: Loan and Deposit Growth, Integration Focus After MergerRegional banking company Renasant (
NYSE:RNST) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 4.2% year on year to $170.6 million. Its non-GAAP profit of $0.66 per share was 8.5% above analysts’ consensus estimates.
1 Bank Stock to Research Further and 2 to AvoidBanks play a critical role in the financial system, providing everything from commercial loans to wealth management and payment processing services. But concerns about loan losses and tightening regulations have tempered enthusiasm,
and over the past six months, the banking industry has pulled back by 10.6%. This performance was particularly disheartening since the S&P 500 held its ground.
Renasant and The First Announce Receipt of Regulatory Approvals for Merger
Renasant Corporation (
NYSE: RNST) (“Renasant”) and The First Bancshares, Inc. (
NYSE: FBMS) (“The First”) jointly announced today that they have received all necessary regulatory approvals to complete the proposed merger of The First with and into Renasant, and the related merger of The First’s wholly owned subsidiary, The First Bank, with and into Renasant Bank, Renasant’s wholly owned subsidiary. Renasant and The First previously announced that their respective shareholders approved the proposed merger at special shareholder meetings on October 22, 2024.
