Renasant Corporation

Renasant Corporation guided to mid-single-digit loan and deposit growth for the second half of 2026, supported by a loan pipeline that is up 6% to 10% and roughly $1.25 billion in loans set to reprice over the next 12 months at about 4.95%. Adjusted earnings per share were $0.94 in the second quarter, with an adjusted return on average assets of 1.3% and an efficiency ratio that improved to 57.9% from 67.6% a year ago. Loans rose $220.9 million on a linked-quarter basis, or 4.7% annualized, while deposits fell $398.4 million, or 7.2% annualized, primarily due to seasonal public-fund outflows. The reported net interest margin decreased 4 basis points to 3.83%, while the adjusted margin remained flat at 3.61%, and management expects a stable margin in the second half. Noninterest expense was $161.5 million, up $6.2 million from the first quarter, driven by deferred compensation accruals, higher health insurance claims, and annual merit increases, though executives expect expenses to moderate downward in the third quarter and then hold steady.

Renasant Corporation reported second-quarter Non-GAAP earnings per share of $0.94, beating analyst estimates by $0.03. Revenue came in at $273.94 million, a 2.5% increase year-over-year, but fell short of expectations by $6.61 million. Shares rose 1.34% in after-hours trading following the release.