Quarterly ResultMay 7, 2026, 04:21 PM
Renasant Q1 Net Income $88.2M, EPS $0.94; Total Assets $27.1B
AI Summary
Renasant Corporation reported strong financial results for the first quarter ended March 31, 2026, with net income more than doubling year-over-year to $88.2 million and diluted earnings per share increasing to $0.94. This significant growth was largely driven by a substantial rise in net interest income, partly attributable to the acquisition of The First Bancshares, Inc. in April 2025. The company also saw an increase in total assets and deposits, alongside a notable share repurchase activity during the quarter.
Key Highlights
- Net income for Q1 2026 increased 112.5% to $88.2 million from $41.5 million in Q1 2025.
- Basic and diluted EPS rose to $0.94 in Q1 2026 from $0.65 in Q1 2025, a 44.6% increase.
- Net interest income grew 66.6% to $223.6 million in Q1 2026 from $134.2 million in Q1 2025.
- Total assets reached $27.11 billion as of March 31, 2026, up from $26.75 billion at Dec 31, 2025.
- Total deposits increased to $22.10 billion as of March 31, 2026, from $21.47 billion at Dec 31, 2025.
- Cash dividends declared were $0.23 per share in Q1 2026, up from $0.22 per share in Q1 2025.
- The company repurchased $75.8 million of shares under its stock repurchase program in Q1 2026.
- Provision for credit losses increased to $8.08 million in Q1 2026 from $4.75 million in Q1 2025.
Price Impact
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