Renasant Corporation (RNST) 10-Year Financial Performance & Capital Metrics

RNST • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutRenasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and 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 estate1-4 family mortgage; real estatecommercial mortgage; real estateconstruction 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 Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. 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; annuities, mutual funds, and other investment services through a third party broker-dealer; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. As of December 31, 2021, the company operated a network of 189 banking, lending, and mortgage offices located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee; 150 full-service branches and 11 limited-service branches; 173 ATMs; and 38 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.Show more

Net Interest Income $512M -1.4%
Total Revenue $1.04B +14.1%
Net Income $195M +35.1%
Return on Equity 7.86% +20.4%
Net Interest Margin 2.84% -5.1%
Efficiency Ratio 39.33% -18.5%
ROA 1.1% +31.1%
Equity / Assets 14.85% +12.2%
Book Value per Share 44.83 +10.1%
Tangible BV/Share 26.82 +26.7%
Debt/Equity 0.20 -37.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 39.3% efficiency ratio
✓Well capitalized: 14.9% equity/assets
✓Healthy dividend yield of 2.4%
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.96%

5Y8.33%

3Y14.27%

TTM-

Profit (Net Income) CAGR

10Y12.61%

5Y3.12%

3Y3.58%

TTM-17.76%

EPS CAGR

10Y5.69%

5Y2.57%

3Y1.58%

TTM-25.21%

ROCE

10Y Avg7.83%

5Y Avg6.56%

3Y Avg7.11%

Latest7.74%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	241.36M	300.99M	336.9M	396.52M	443.66M	426.8M	424M	481.3M	519.33M	512.2M
NII Growth %	0.19%	0.25%	0.12%	0.18%	0.12%	-0.04%	-0.01%	0.14%	0.08%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	263.02M	329.14M	374.75M	461.85M	542.58M	498.13M	468.69M	541.81M	797.32M	887.78M
Interest Expense	21.66M	28.15M	37.85M	65.33M	98.92M	71.33M	44.68M	60.51M	277.99M	375.58M
Loan Loss Provision	4.75M	7.53M	7.55M	6.81M	7.05M	86.85M	-2.17M	23.87M	15.59M	9.27M
Non-Interest Income+	108.27M	137.41M	132.14M	143.96M	153.25M	233.49M	226.98M	149.25M	112.45M	150.25M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	371.29M	466.55M	506.89M	605.82M	695.83M	731.62M	695.67M	691.06M	909.77M	1.04B
Revenue Growth %	0.21%	0.26%	0.09%	0.2%	0.15%	0.05%	-0.05%	-0.01%	0.32%	0.14%
Non-Interest Expense	245.11M	295.1M	301.62M	345.03M	374.17M	469.95M	430.33M	395.37M	439M	408.21M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	99.76M	135.78M	159.87M	188.65M	215.69M	103.49M	222.83M	211.31M	177.19M	244.97M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.16%	0.36%	0.18%	0.18%	0.14%	-0.52%	1.15%	-0.05%	-0.16%	0.38%
Pretax Income+	99.76M	135.78M	159.87M	188.65M	215.69M	103.49M	222.83M	211.31M	177.19M	244.97M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	31.75M	44.85M	67.68M	41.73M	48.09M	19.84M	46.94M	45.24M	32.51M	49.51M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	68.01M	90.93M	92.19M	146.92M	167.6M	83.65M	175.89M	166.07M	144.68M	195.46M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.14%	0.34%	0.01%	0.59%	0.14%	-0.5%	1.1%	-0.06%	-0.13%	0.35%
Net Income (Continuing)	68.01M	90.93M	92.19M	146.92M	167.6M	83.65M	175.89M	166.07M	144.68M	195.46M
EPS (Diluted)+	1.88	2.17	1.96	2.79	2.88	1.48	3.12	2.95	2.56	3.27
EPS Growth %	0%	0.15%	-0.1%	0.42%	0.03%	-0.49%	1.11%	-0.05%	-0.13%	0.28%
EPS (Basic)	1.89	2.18	1.97	2.80	2.89	1.49	3.13	2.97	2.58	3.29
Diluted Shares Outstanding	36.23M	41.99M	47M	52.63M	58.23M	56.47M	56.12M	56.1M	56.45M	59.75M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	211.57M	306.22M	281.45M	569.11M	414.93M	633.2M	1.88B	575.99M	801.35M	1.09B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	6.67B	7.32B	8.3B	10.63B	11.16B	12.44B	13.04B	14.24B	14.36B	14.8B
Investments Growth %	0.35%	0.1%	0.13%	0.28%	0.05%	0.11%	0.05%	0.09%	0.01%	0.03%
Long-Term Investments	6.02B	6.64B	7.63B	9.38B	9.87B	11.1B	10.65B	12.71B	13.44B	13.97B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	445.87M	470.53M	611.05M	932.93M	939.68M	939.68M	939.68M	991.71M	991.66M	988.9M
Intangible Assets	58.45M	50.38M	63.85M	93.09M	90.47M	93.13M	113.12M	108.62M	110.48M	87.1M
PP&E (Net)	169.13M	179.22M	183.25M	209.17M	309.7M	300.5M	293.12M	283.6M	283.19M	279.8M
Other Assets	339.99M	325.13M	336.46M	434.27M	399.48M	444.37M	473.74M	673.96M	696.69M	700.49M
Total Current Assets	894.35M	1.03B	1.01B	1.88B	1.79B	2.06B	4.34B	2.22B	1.84B	2.01B
Total Non-Current Assets	7.03B	7.67B	8.82B	11.05B	11.61B	12.88B	12.47B	14.77B	15.52B	16.02B
Total Assets+	7.93B	8.7B	9.83B	12.93B	13.4B	14.93B	16.81B	16.99B	17.36B	18.03B
Asset Growth %	0.37%	0.1%	0.13%	0.32%	0.04%	0.11%	0.13%	0.01%	0.02%	0.04%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	570.5M	312.13M	297.36M	651.32M	865.6M	496.31M	485.16M	1.14B	736.98M	538.63M
Net Debt	358.93M	5.91M	15.91M	82.21M	450.67M	-136.89M	-1.39B	564.37M	-64.37M	-553.4M
Long-Term Debt	148.22M	202.46M	207.55M	263.62M	376.51M	474.97M	471.21M	428.13M	429.4M	430.61M
Short-Term Debt	422.28M	109.68M	89.81M	387.71M	489.09M	21.34M	13.95M	712.23M	307.58M	108.02M
Other Liabilities	100.58M	95.7M	96.56M	111.08M	196.16M	241.49M	209.58M	224.83M	249.39M	245.31M
Total Current Liabilities	6.64B	7.17B	8.01B	10.52B	10.7B	12.08B	13.92B	14.2B	14.38B	14.68B
Total Non-Current Liabilities	248.8M	298.15M	304.11M	374.7M	572.67M	716.46M	680.79M	652.96M	678.79M	675.92M
Total Liabilities	6.89B	7.47B	8.31B	10.89B	11.27B	12.8B	14.6B	14.85B	15.06B	15.36B
Total Equity+	1.04B	1.23B	1.51B	2.04B	2.13B	2.13B	2.21B	2.14B	2.3B	2.68B
Equity Growth %	0.46%	0.19%	0.23%	0.35%	0.04%	0%	0.04%	-0.03%	0.08%	0.17%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.08%	0.07%	0.08%	0.08%	0.04%	0.08%	0.08%	0.07%	0.08%
Book Value per Share	28.62	29.36	32.23	38.84	36.51	37.77	39.38	38.07	40.70	44.83
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	206.46M	225.53M	249.95M	296.48M	296.48M	296.48M	296.48M	296.48M	296.48M	332.42M
Additional Paid-in Capital	585.94M	707.41M	898.1M	1.29B	1.29B	1.3B	1.3B	1.3B	1.31B	1.49B
Retained Earnings	276.34M	337.54M	397.35M	500.66M	617.36M	615.77M	741.65M	857.73M	952.12M	1.09B
Accumulated OCI	-9.54M	-15.9M	-10.51M	-17.9M	764K	25.07M	-10.44M	-209.04M	-154.26M	-142.61M
Treasury Stock	-22.39M	-21.69M	-19.91M	-24.25M	-83.19M	-101.55M	-118.03M	-111.58M	-105.25M	-97.2M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	252.63M	163.8M	207.04M	82.11M	163.62M	82.24M	142.66M	574.04M	148.55M	129.43M
Operating CF Growth %	1.03%	-0.35%	0.26%	-0.6%	0.99%	-0.5%	0.73%	3.02%	-0.74%	-0.13%
Net Income	68.01M	90.93M	92.19M	146.92M	167.6M	83.65M	175.89M	166.07M	144.68M	195.46M
Depreciation & Amortization	9.2M	3.09M	4.83M	3.5M	8.19M	34.63M	47.35M	42.74M	35.23M	32.28M
Deferred Taxes	13.75M	11.04M	37.95M	16.44M	20.04M	-13.66M	11.41M	2.28M	-5M	4.65M
Other Non-Cash Items	143.18M	59.29M	80.49M	-38.2M	-30.83M	-810K	-38.34M	387.4M	-12.08M	-93.98M
Working Capital Changes	14.05M	-3.67M	-13.71M	-53.8M	-11.57M	-32.15M	-63.73M	-35.95M	-27.99M	-22.87M
Cash from Investing+	-247.43M	-351.99M	69.66M	-503.29M	-505.91M	-1.27B	-660M	-2.04B	-55.4M	-298.04M
Purchase of Investments	-216.14M	-155.4M	-210.19M	-686.89M	-492.02M	-515.66M	-2.16B	-804.9M	-11.9M	-174.23M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	24.78M	25.26M	41.69M	153.5M	-250K	0	0	-120.89M	0	55.33M
Other Investing	-296.46M	-490.09M	-429.45M	-110.63M	-453.45M	-1.2B	883.86M	-1.56B	-769.83M	-533.69M
Cash from Financing+	44.79M	282.85M	-301.47M	708.83M	188.11M	1.4B	1.76B	167.64M	132.21M	459.3M
Dividends Paid	-24.56M	-29.73M	-34.42M	-43.61M	-50.9M	-50.13M	-50.02M	-49.99M	-50.28M	-53.73M
Share Repurchases	0	0	0	-7.06M	-62.94M	-24.57M	-21.32M	0	0	0
Stock Issued	0	84.11M	173K	0	0	0	0	0	0	217M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	2.86M	492.27M	-76.96M	496.61M	85.92M	1.85B	1.85B	-418.76M	589.82M	495.83M
Net Change in Cash+	49.99M	94.65M	-24.77M	287.66M	-154.18M	218.27M	1.24B	-1.3B	225.36M	290.68M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	161.58M	211.57M	306.22M	281.45M	569.11M	414.93M	633.2M	1.88B	575.99M	801.35M
Cash at End	211.57M	306.22M	281.45M	569.11M	414.93M	633.2M	1.88B	575.99M	801.35M	1.09B
Interest Paid	21.61M	25.87M	36.89M	66.71M	98.4M	73.69M	45.74M	54.56M	239.61M	381M
Income Taxes Paid	18.61M	22.73M	32.56M	24.52M	26.73M	39.99M	50.98M	41.76M	42.05M	29.07M
Free Cash Flow+	227.46M	150.24M	194M	59.75M	128.66M	53.97M	122.14M	559.21M	126.92M	115.78M
FCF Growth %	1.22%	-0.34%	0.29%	-0.69%	1.15%	-0.58%	1.26%	3.58%	-0.77%	-0.09%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.78%	8.01%	6.71%	8.26%	8.04%	3.93%	8.1%	7.64%	6.53%	7.86%
Return on Assets (ROA)	0.99%	1.09%	1%	1.29%	1.27%	0.59%	1.11%	0.98%	0.84%	1.1%
Net Interest Margin	3.04%	3.46%	3.43%	3.07%	3.31%	2.86%	2.52%	2.83%	2.99%	2.84%
Efficiency Ratio	66.02%	63.25%	59.5%	56.95%	53.77%	64.23%	61.86%	57.21%	48.25%	39.33%
Equity / Assets	13.08%	14.17%	15.41%	15.8%	15.86%	14.29%	13.15%	12.57%	13.23%	14.85%
Book Value / Share	28.62	29.36	32.23	38.84	36.51	37.77	39.38	38.07	40.7	44.83
NII Growth	19.2%	24.71%	11.93%	17.7%	11.89%	-3.8%	-0.66%	13.51%	7.9%	-1.37%
Dividend Payout	36.11%	32.7%	37.33%	29.69%	30.37%	59.93%	28.44%	30.1%	34.75%	27.49%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Bank Servicing	8.88M	9.49M	12.63M	17.97M	18.45M	18.08M	15.18M
Bank Servicing Growth	-	6.93%	33.05%	42.29%	2.69%	-2.01%	-16.06%

Frequently Asked Questions

Valuation & Price

Renasant Corporation (RNST) has a price-to-earnings (P/E) ratio of 11.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Renasant Corporation (RNST) grew revenue by 14.1% over the past year. This is steady growth.

Yes, Renasant Corporation (RNST) is profitable, generating $147.1M in net income for fiscal year 2024 (18.8% net margin).

Dividend & Returns

Yes, Renasant Corporation (RNST) pays a dividend with a yield of 2.44%. This makes it attractive for income-focused investors.

Renasant Corporation (RNST) has a return on equity (ROE) of 7.9%. This is below average, suggesting room for improvement.

Industry Metrics

Renasant Corporation (RNST) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Renasant Corporation (RNST) has an efficiency ratio of 39.3%. This is excellent, indicating strong cost control.

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