Last $29.31 USD
Change Today -0.2433 / -0.82%
Volume 6.1K
RNST On Other Exchanges
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As of 10:13 AM 10/30/14 All times are local (Market data is delayed by at least 15 minutes).

renasant corp (RNST) Snapshot

Open
$29.36
Previous Close
$29.55
Day High
$29.54
Day Low
$29.27
52 Week High
12/27/13 - $32.04
52 Week Low
05/21/14 - $26.17
Market Cap
923.7M
Average Volume 10 Days
83.0K
EPS TTM
$1.79
Shares Outstanding
31.5M
EX-Date
09/15/14
P/E TM
16.3x
Dividend
$0.68
Dividend Yield
2.32%
Current Stock Chart for RENASANT CORP (RNST)

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renasant corp (RNST) Details

Renasant Corporation, through its subsidiaries, provides financial, 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 accounts, money market accounts, savings accounts, certificates of deposit, individual retirement accounts, and health savings accounts, as well as safe deposit and night depository facilities. It also provides real estate construction loans, including loans for the construction of single family residential properties, multi-family properties, and commercial projects; real estate–1-4 family mortgages; real estate–commercial mortgage loans; installment loans to individuals; business and personal loans; and equipment leasing. The Insurance segment provides commercial and personal insurance through carriers. The Wealth Management segment offers fiduciary services, which include administration and management of trust accounts, including personal and corporate benefit accounts, self-directed IRAs, and custodial accounts; administers qualified retirement plans, profit sharing and other employee benefit plans, personal trusts, and estates; and provides annuities, mutual funds, and other investment services through a third party broker-dealer. As of April 22, 2014, it operated 120 banking, mortgage, financial services, and insurance offices in Mississippi, Tennessee, Alabama, and Georgia. The company was founded in 1904 and is based in Tupelo, Mississippi.

1,483 Employees
Last Reported Date: 03/11/14
Founded in 1904

renasant corp (RNST) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $600.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $280.0K
Executive Vice President, Director, Member of...
Total Annual Compensation: $433.3K
Executive Vice President, President of The Ea...
Total Annual Compensation: $320.0K
Executive Vice President, Chief Administrativ...
Total Annual Compensation: $320.0K
Compensation as of Fiscal Year 2013.

renasant corp (RNST) Key Developments

Renasant Corporation Announces Unaudited Financial Results for the Third Quarter Ended September 30, 2014; Reports Net Charge-Offs for the Third Quarter of 2014

Renasant Corporation announced unaudited financial results for the third quarter ended September 30, 2014. For the quarter, the company’s net income increased to $15,535,000, or basic and diluted earnings per share of $0.49, as compared to $6,637,000, or basic and diluted EPS of $0.24, for the third quarter of 2013. Return on average assets and return on average equity were 1.07% and 8.84%, respectively, as compared to 0.56% and 4.75%, respectively, for the third quarter of 2013. The company's 2014 third quarter return on average tangible assets and return on average tangible equity were 1.20% and 16.50%, respectively, as compared to 0.63% and 8.74%, respectively, for the third quarter of 2013. Net interest income was $50.5 million as compared to $38.7 million for the third quarter of 2013, and $52.2 million on a linked quarter basis. Income before income taxes was $22,643,000 against $8,770,000 for the same period in the last year. Tangible net income (non-GAAP) was $16,482,000 against $7,185,000 for the same period in the last year. Return on average tangible shareholders' equity (non-GAAP) 16.50% against 8.74% for the same period in the last year. Return on average tangible assets (non-GAAP) 1.20% against 0.63% for the same period in the last year. For the nine months, net interest income was $152,613,000 against $106,533,000 for the same period in the last year. Income before income taxes was $62,929,000 against $29,866,000 for the same period in the last year. Net income was $43,985,000 or 1.39 per diluted share against $22,227,000 or 0.85 per diluted share for the same period in the last year. Return on average shareholders' equity was 8.58% against 5.71% for the same period in the last year. Return on average tangible shareholders' equity was 16.37% against 9.78% for the same period in the last year. Return on average assets was 1.01% against 0.68% for the same period in the last year. Return on average tangible assets was 1.13% against 0.74% for the same period in the last year. Tangible net income (non-GAAP) was $46,977,000 against $23,246,000 for the same period in the last year. Return on average tangible shareholders' equity (non-GAAP) 16.37% against 9.78% for the same period in the last year. Return on average tangible assets (non-GAAP) 1.13% against 0.74% for the same period in the last year. Financial results for the three and nine month-periods ending September 30, 2014, reflect the continued execution of long-term strategies, specifically higher levels of earnings and improved profitability. These accomplishments were driven by strong non-acquired loan growth and a continued focus on revenue growth while at the same time managing expenses. The company reported annualized net charge-offs as a percentage of average loans were 0.50% for the third quarter of 2014, as compared to 0.38% for the third quarter of 2013. Net loan chare offs was $4,952,000 compared to $3,084,000 a year ago.

Renasant Corp. to Report Q3, 2014 Results on Oct 21, 2014

Renasant Corp. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 21, 2014

Renasant Corp., Q3 2014 Earnings Call, Oct 22, 2014

Renasant Corp., Q3 2014 Earnings Call, Oct 22, 2014

 

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Industry Analysis

RNST

Industry Average

Valuation RNST Industry Range
Price/Earnings 16.6x
Price/Sales 3.3x
Price/Book 1.3x
Price/Cash Flow 16.5x
TEV/Sales -- Not Meaningful
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