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The latest announcement is out from Renasant ( (RNST) ).
Renasant Corporation, a financial services company, announced its earnings for the fourth quarter of 2024 on January 28, 2025. The company’s net income for the quarter was $44.7 million, with a diluted EPS of $0.70 and adjusted diluted EPS of $0.73. Net interest income increased slightly to $135.5 million, while noninterest income saw a decrease due to a previous gain on the sale of an insurance agency. The company’s credit quality showed improvement, with nonperforming loans decreasing and a provision for credit losses of $2.6 million recorded for the quarter. The company is also focused on its strategic merger with The First Bancshares, Inc., aiming to integrate and grow its operations through the acquisition.
More about Renasant
YTD Price Performance: 5.77%
Average Trading Volume: 502,062
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.32B
For a thorough assessment of RNST stock, go to TipRanks’ Stock Analysis page.
