Renasant beats Q2 adjusted EPS expectations

Renasant

22/07/2025 21:39

Overview

Renasant Q2 adjusted EPS beats analyst expectations, per LSEG data

Net income impacted by merger expenses and acquisition provisions

Net interest income rises due to merger with The First Bancshares

Outlook

Company did not provide specific future guidance or projections

Result Drivers

MERGER IMPACT - Merger with The First Bancshares increased net interest income and noninterest income

CREDIT PROVISION - Day 1 acquisition provision for credit losses impacted net income

EXPENSE INCREASE - Noninterest expenses rose due to merger-related costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.69
$0.63 (6 Analysts)
Q2 EPS
$0.01
Q2 Net Income
$1.02 mln
Q2 Net Interest Income
$218.86 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $41.00, about 6.2% above its July 21 closing price of $38.46

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

Press Release: ID:nGNX5yDScC

(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.)