Community bank Renasant misses Q3 adjusted EPS estimates

Renasant

28/10/2025 20:39

Overview

Renasant Q3 adjusted EPS misses analyst expectations

Net income for Q3 was $59.8 mln, down from last year

Company announces new $150 mln stock repurchase program

Outlook

Company did not provide specific guidance for future quarters or full year in press release

Result Drivers

LOAN GROWTH - Loans increased $462.1 mln linked quarter, contributing to net interest income growth

MORTGAGE BANKING DECLINE - Mortgage banking income decreased $0.8 mln linked quarter, impacting noninterest income

MERGER IMPACT - Integration with The First and merger expenses affected financial results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Miss
$0.77
$0.79 (6 Analysts)
Q3 EPS
$0.63
Q3 Net Income
$59.78 mln
Q3 Net Interest Income
$223.52 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Renasant Corp is $43.00, about 18.7% above its October 27 closing price of $34.98

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX8Vhncn

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)