Key Highlights

  • Consensus EPS of 0.94 matches the diluted EPS of 0.94 reported for the second quarter, against 0.01 a year earlier.
  • Consensus revenue of USD 282.34 million, against net interest income of USD 222,754 thousand plus USD 51,190 thousand noninterest income.
  • The provision for credit losses was USD 3,799 thousand against USD 81,322 thousand, which included a merger Day 1 provision.
  • Noninterest expense was USD 161,501 thousand against USD 183,204 thousand, and dividends declared were 0.24 per share.

Renasant (NYSE:RNST) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 0.94 on revenue of USD 282.34 million, and the company has a market capitalization of USD 3.82 billion.

Renasant is a bank holding company. In the second quarter, it reported net income of USD 87,091 thousand against USD 1,018 thousand, with a provision for credit losses of USD 3,799 thousand against USD 81,322 thousand.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.94 matches the diluted EPS of 0.94 reported for the second quarter, which compared with 0.01 a year earlier. The revenue estimate of USD 282.34 million is above the sum of net interest income of USD 222,754 thousand and noninterest income of USD 51,190 thousand, and the estimates table does not state its revenue basis.

Income before income taxes was USD 108,644 thousand against USD 2,667 thousand. Basic EPS was 0.95 against 0.01.

Provision and Expense Changes

The provision for credit losses was USD 3,799 thousand against USD 81,322 thousand. The filing says the prior-year provision included the Day 1 provision associated with the merger with The First, while the current period reflects a provision tied to a portfolio acquisition and loan growth.

The filing describes the allowance for credit losses as relatively stable compared with the prior quarter. Noninterest expense was USD 161,501 thousand against USD 183,204 thousand, and noninterest income was USD 51,190 thousand against USD 48,334 thousand.

Interest Income and Funding Lines

Interest and dividend income was USD 340,440 thousand against USD 343,898 thousand, while net interest income was USD 222,754 thousand against USD 218,859 thousand. The filing ties the decline in interest income to Federal Reserve rate cuts in the second half of 2025, which reduced interest income on loans and interest-bearing balances with banks.

Interest income on loans held for investment, on a tax equivalent basis, was USD 300,112 thousand against USD 304,834 thousand. For the six months, it rose to USD 599,237 thousand from USD 504,338 thousand.

At June 30, 2026, total deposits were USD 21,701,052 thousand against USD 21,473,070 thousand at the prior year-end. Short-term borrowings were USD 315,225 thousand against USD 555,774 thousand, and long-term debt was USD 796,469 thousand against USD 499,756 thousand. The estimates table lists a market capitalization of USD 3.82 billion.

Salaries and employee benefits were USD 96,228 thousand against USD 99,542 thousand, data processing was USD 5,037 thousand against USD 5,438 thousand, and net occupancy and equipment was USD 18,018 thousand against USD 17,359 thousand. Total assets were USD 27,004,999 thousand against USD 26,751,426 thousand at the prior year-end.

Figures to Follow in the Release

Diluted EPS against 0.94 and revenue against USD 282.34 million are the headline comparisons. Other markers are the provision for credit losses against USD 3,799 thousand, net interest income and noninterest expense.