Renasant Q1 adjusted EPS beats estimates, raises dividend

Renasant

28/04/2026 21:43

Overview

U.S. regional bank's Q1 adjusted EPS beat analyst expectations

Net income more than doubled yr/yr, driven by improved efficiency and cost savings

Company raised quarterly dividend by $0.01 and expanded share repurchase program by $100 mln

Outlook

Renasant says it is focused on growing customer relationships and hiring talent in Southeastern markets

Result Drivers

COST SAVINGS - Co said noninterest expense fell $15.4 mln from the prior quarter, including a $10.6 mln decrease in merger and conversion related expenses, reflecting ongoing cost savings from integration with The First Bancshares

MORTGAGE BANKING - Mortgage banking income rose $0.5 mln from the prior quarter, as interest rate lock volume increased by $52.8 mln, though gain on sale margin declined 14 basis points

DEPOSIT GROWTH - Deposits rose $626.4 mln from the prior quarter, driven by seasonal increases in public fund deposits and a $139.5 mln rise in noninterest bearing deposits

Company press release: ID:nGNXlKHSt

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.93
$0.84 (6 Analysts)
Q1 EPS
$0.94
Q1 Net Income
$88.23 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 $44.00, about 10% above its April 27 closing price of $39.99

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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.)