Quarterly ResultMay 15, 2026, 04:43 PM
Renasant Q1 Net Income $88.2M; Diluted EPS $0.94; Dividend $0.24
AI Summary
Renasant Corporation reported net income of $88.2 million and diluted EPS of $0.94 for the first quarter of 2026, showing significant improvement year-over-year. The company also announced a quarterly cash dividend of $0.24 per share, an increase of $0.01, and expanded its stock repurchase program by $100.0 million. Additionally, Renasant completed a $300.0 million subordinated debt offering and achieved record Wealth Management AUM of $7.2 billion.
Key Highlights
- Net income for Q1 2026 was $88.2 million, up from $41.5 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.94, compared to $0.65 in Q1 2025.
- Quarterly cash dividend increased by $0.01 to $0.24 per share.
- Stock repurchase program authorized an additional $100.0 million.
- Completed a $300.0 million subordinated debt offering due 2036.
- Deposits increased by $626.4 million linked quarter, an 11.5% annualized growth.
- Loans decreased by $71.8 million, or 1.5% annualized.
- Wealth Management AUM reached a record $7.2 billion as of March 31, 2026.
Price Impact
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