Regional bank Renasant Q2 adjusted EPS beats analyst estimates

Renasant

28/07/2026 21:41

Overview
U.S. regional bank's Q2 adjusted EPS beat analyst expectations
Net income for Q2 was steady at $87.1 mln; net interest income slightly declined linked quarter
Company repurchased $60 mln in stock and raised quarterly dividend to $0.24/share

Outlook
Company did not provide specific guidance for the current or future periods

Result Drivers
NET INTEREST INCOME - Net interest income fell $0.8 mln linked quarter as net interest margin declined and deposit costs rose
NONINTEREST INCOME - Noninterest income rose $0.9 mln linked quarter, but mortgage banking income declined as gain on sale margin fell
EXPENSES - Noninterest expense increased $6.2 mln linked quarter, mainly due to deferred compensation accruals, higher health insurance claims and annual merit increases

Company press release: ID:nGNX1J25rc

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.94
$0.91 (7 Analysts)
Q2 EPS
 
$0.94
 
Q2 Net Income
 
$87.09 mln
 
Q2 Net Interest Income
 
$227.7 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "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 $47.00, about 8.5% above its July 27 closing price of $43.31
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
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July 27 - Principal Financial profit rises on higher premiums, strength in retirement business

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