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Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, and fiduciary services to retail and commercial customers. The company operates in two segments, Community Banks and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate1-4 family mortgage; real estatecommercial mortgage; real estateconstruction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts. It also provides annuities, mutual funds, and other investment services through a third-party broker-dealer; administrative and compliance services; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates, as well as administrative and compliance services for certain mutual funds. The company was founded in 1904 and is based in Tupelo, Mississippi.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $986M | - | $181M | $238M | 4.7% | 48.8% | -7.3% |
| 2024 | $662M | - | $195M | $93M | 7.3% | 4.9% | 35.1% |
| 2023 | $632M | - | $145M | $127M | 6.3% | 0.2% | -12.9% |
| 2022 | $631M | - | $166M | $559M | 7.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 630.55 | 631.78 | 662.45 | 985.85 |
| Operating Revenue | - | 630.55 | 631.78 | 662.45 | 985.85 |
| Selling General And Administration | - | 275.98 | 296.49 | 299.98 | 386.92 |
| Interest Income | - | 541.81 | 797.32 | 887.78 | 1,262.26 |
| Interest Expense | - | 60.51 | 277.99 | 375.58 | 458.29 |
| Net Interest Income | - | 481.30 | 519.33 | 512.20 | 803.97 |
| Pretax Income | - | 211.31 | 177.19 | 244.96 | 226.73 |
| Tax Provision | - | 45.24 | 32.51 | 49.51 | 45.46 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.54 | 0.11 | 8.10 | -9.89 |
| Net Income Continuous Operations | - | 166.07 | 144.68 | 195.46 | 181.27 |
| Net Income From Continuing And Discontinued Operation | - | 166.07 | 144.68 | 195.46 | 181.27 |
| Net Income From Continuing Operation Net Minority Interest | - | 166.07 | 144.68 | 195.46 | 181.27 |
| Net Income | - | 166.07 | 144.68 | 195.46 | 181.27 |
| Net Income Common Stockholders | - | 166.07 | 144.68 | 195.46 | 181.27 |
| Net Income Including Noncontrolling Interests | - | 166.07 | 144.68 | 195.46 | 181.27 |
| Normalized Income | - | 168.05 | 144.17 | 163.50 | 220.71 |
| Diluted NI Availto Com Stockholders | - | 166.07 | 144.68 | 195.46 | 181.27 |
| Basic Average Shares | - | 55.90 | 56.14 | 59.35 | 86.94 |
| Diluted Average Shares | - | 56.21 | 56.14 | 59.75 | 87.51 |
| Reconciled Depreciation | - | 42.74 | 35.23 | 32.28 | 16.21 |
| Total Unusual Items | - | -2.52 | 0.62 | 40.06 | -49.33 |
| Total Unusual Items Excluding Goodwill | - | -2.52 | 0.62 | 40.06 | -49.33 |
| Special Income Charges | - | -2.52 | 0.62 | 40.06 | -49.33 |
| Gain On Sale Of Business | - | 0 | 0 | 53.35 | 0 |
| Other Special Charges | 6.12 | - | - | - | - |
| Restructuring And Mergern Acquisition | - | 2.52 | 0 | 13.35 | 49.33 |
| Gain On Sale Of Security | - | 0 | -41.79 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 5.12 | 5.38 | 4.69 | 27.10 |
| Depreciation And Amortization In Income Statement | - | 5.12 | 5.38 | 4.69 | 27.10 |
| General And Administrative Expense | - | 261.65 | 281.77 | 283.77 | 368.56 |
| Other Gand A | 30.60 | - | - | - | - |
| Salaries And Wages | - | 261.65 | 281.77 | 283.77 | 368.56 |
| Selling And Marketing Expense | - | 14.32 | 14.73 | 16.21 | 18.36 |
| Amortization | - | 5.12 | 5.38 | 4.69 | 27.10 |
| Amortization Of Intangibles Income Statement | - | 5.12 | 5.38 | 4.69 | 27.10 |
| Occupancy And Equipment | - | 44.82 | 46.47 | 45.96 | 63.65 |
| Professional Expense And Contract Services Expense | - | 11.87 | 13.67 | 12.42 | 14.87 |
| Other Non Interest Expense | - | 55.06 | 77.61 | 85.22 | 109.79 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Renasant Corporationthis co. | RNST | $3.7B | 20.64↑ premium | 0.96 | 4.7% | - |
| Cathay General Bancorp | CATY | $3.9B | 12.38 | 1.33 | 10.8% | - |
| Independent Bank Corp. | INDB | $3.8B | 18.52 | 1.07 | 5.8% | - |
| Cohen & Steers, Inc. | CNS | $3.8B | 24.67 | 6.73 | 27.3% | 17.84 |
| First BanCorp. | FBP | $3.8B |
| - |
| - |
| - |
| - |
| - |
| 10.90 |
| 1.91 |
| 17.5% |
| - |
| WSFS Financial Corporation | WSFS | $3.7B | 12.89 | 1.35 | 10.5% | - |
| BancFirst Corporation | BANF | $3.7B | 15.37 | 1.99 | 13.0% | - |
| Bread Financial Holdings, Inc. | BFH | $3.7B | 7.11 | 1.11 | 15.6% | 4.25 |
| CVB Financial Corp. | CVBF | $3.6B | 17.23 | 1.57 | 9.1% | - |
| Peer Median | - | 14.13 | 1.46 | 11.9% | 11.05 | |