Quarterly ResultJul 28, 2026, 04:32 PM
Renasant Q2 Net Income $87.1M, Diluted EPS $0.94
AI Summary
Renasant Corporation announced strong second-quarter 2026 earnings, with net income reaching $87.1 million and diluted EPS at $0.94. The company's financial performance for the first six months of 2026 is significantly ahead of last year's levels. Loans saw a notable increase of $220.9 million linked quarter, while deposits experienced a decrease primarily due to seasonal public fund outflows. Renasant also increased its quarterly cash dividend to $0.24 per share and repurchased $60.0 million of common stock during the quarter.
Key Highlights
- Net income for Q2 2026 was $87.1 million, up from $1.0 million in Q2 2025.
- Diluted EPS and adjusted diluted EPS were $0.94 for Q2 2026.
- Net interest income (FTE) was $227.7 million, down $0.8 million linked quarter.
- Loans increased by $220.9 million linked quarter, a 4.7% annualized net increase.
- Deposits decreased by $398.4 million linked quarter, mainly due to seasonal public fund outflows.
- Quarterly cash dividend increased to $0.24 per share, effective April 28, 2026.
- Repurchased $60.0 million of common stock in Q2 2026 at $39.54 average price.
- Completed $300.0 million subordinated debt offering at 6.25% Fixed-to-Floating Rate.
Price Impact
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