Renasant Corporation filed a Form 425 on October 28, 2026, containing the transcript of its third quarter 2026 earnings call, which included discussion of its announced definitive agreement to acquire Commercial Holding Company, Inc.

Key Highlights

  • Adjusted EPS of $0.86: Adjusted earnings per share in the third quarter were 86 cents, up 12 percent from one year ago, according to the filing.
  • Loan growth: Loans were up $555.9 million on a linked-quarter basis, or 11.5 percent annualized, as disclosed by CFO Jim Mabry.
  • Commercial Bank and Trust deal value: The acquisition is valued at approximately $140 million, comprised of roughly 75% stock and 25% cash, per the filing.
  • EPS accretion and TBV dilution: The deal is anticipated to be approximately 4% accretive to EPS and 1.5% dilutive to tangible book value per share, with an estimated earnback of just under two years.
  • Expected close: The transaction is anticipated to close sometime in the first quarter of 2027, according to the filing.
  • Net interest margin: Reported net interest margin decreased six basis points to 3.77%, while adjusted margin was down two basis points at 3.58%.
  • Pre-provision net revenue: Pre-provision net revenue was $112.6 million for the third quarter.

Renasant Q3 2026 Financial Results and Acquisition Details

Renasant Corporation (NYSE:RNST) held its third quarter 2026 earnings conference call on October 28, 2026, with the transcript filed under Rule 425 and deemed filed under Rule 14a-12. CEO Kevin Chapman stated that "third quarter results continue to show momentum in achieving our financial goals, adding talent, and gaining market share." Adjusted return on average assets was 1.16 percent in the quarter, compared to 1.09 percent in the same period last year, and adjusted return on average tangible common equity was 14.5 percent versus 14.2 percent in the third quarter of 2025. The efficiency ratio improved to 57.7 percent.

On the balance sheet, net interest income was $228.6 million, an increase of $0.9 million quarter over quarter. Non-interest income was $49.3 million, a linked-quarter decrease of $1.9 million, primarily driven by a decrease in mortgage banking income. Non-interest expense was $160.3 million for the third quarter, a linked-quarter decrease of $1.2 million. The company recorded a credit loss provision on loans of $13.3 million, comprised of $10.1 million for funded loans and $3.2 million for unfunded commitments. Net charge-offs were $10 million, and the allowance for credit losses as a percentage of total loans declined four basis points quarter over quarter to 1.50 percent.

Regarding the acquisition of Commercial Holding Company, Inc., announced on October 27, 2026, CFO Jim Mabry noted that the deal is expected to strengthen Renasant's presence in Memphis and bring core deposit and wealth management relationships throughout Western Tennessee. CET1 capital is expected to be approximately 11% at close. The filing notes that the earnings call included forward-looking statements subject to risks including "realization of the projected financial metrics from our recently announced merger with Commercial Holding Company," and other factors discussed in Renasant's regulatory filings.

What Was Disclosed

Renasant Corporation filed a Form 425 containing the transcript of its Q3 2026 earnings call, disclosing quarterly financial results including adjusted EPS of 86 cents and details of its approximately $140 million definitive agreement to acquire Commercial Holding Company, Inc.