Renasant Corporation (RNST) Income Statement Analysis

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Complete financial analysis of Renasant Corporation (RNST) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Renasant Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.

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Renasant Corporation (RNST)

Industry: Banks - Regional

Sector: Financial Services

Website: https://investors.renasant.com

About Renasant Corporation

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and 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 Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. 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; annuities, mutual funds, and other investment services through a third party broker-dealer; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. As of December 31, 2021, the company operated a network of 189 banking, lending, and mortgage offices located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee; 150 full-service branches and 11 limited-service branches; 173 ATMs; and 38 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Revenue	631.78M	630.55M	650.99M	660.29M	597.34M	540.49M	469.04M	438.22M	350.05M	283.25M	229.17M	202.05M	188.36M	158.77M	157.02M	163.48M	148.01M	130.01M	120.64M	87.52M	80.26M	79.34M	71.23M	63.83M	65.70M	56.60M	52.40M	49.20M	48.00M	43.90M	39.70M	37.00M	34.70M	31.30M
Cost of Revenue	-165.54M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	417.00K	0.00	0.00	0.00	-262.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	797.32M	630.55M	650.99M	660.29M	597.34M	540.49M	469.04M	438.22M	349.63M	283.25M	229.17M	202.05M	188.62M	158.77M	157.02M	163.48M	148.01M	130.01M	120.64M	87.52M	80.26M	79.34M	71.23M	63.83M	65.70M	56.60M	52.40M	49.20M	48.00M	43.90M	39.70M	37.00M	34.70M	31.30M
Gross Profit Ratio	126.20%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.88%	100.00%	100.00%	100.00%	100.14%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	281.77M	261.65M	311.22M	323.07M	270.46M	232.92M	201.01M	190.17M	159.16M	126.51M	107.65M	89.73M	73.43M	65.27M	61.02M	57.40M	54.99M	49.76M	46.11M	33.41M	29.49M	29.40M	26.47M	22.67M	22.40M	20.80M	19.50M	18.20M	18.10M	16.60M	15.00M	14.10M	13.30M	12.00M
Selling & Marketing	14.73M	14.33M	12.20M	10.32M	11.61M	9.46M	8.25M	7.08M	6.11M	5.92M	5.63M	4.84M	4.76M	3.75M	3.18M	3.02M	3.30M	3.56M	3.71M	2.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	296.49M	275.98M	323.43M	323.07M	270.46M	232.92M	201.01M	190.17M	159.16M	126.51M	107.65M	89.73M	73.43M	65.27M	61.02M	60.42M	58.29M	53.32M	49.82M	35.41M	29.49M	29.40M	26.47M	22.67M	22.40M	20.80M	19.50M	18.20M	18.10M	16.60M	15.00M	14.10M	13.30M	12.00M
Other Expenses	335.29M	-246.84M	-751.58M	-879.87M	-651.69M	-537.21M	-69.14M	-79.05M	0.00	0.00	0.00	0.00	-9.34M	-42.21M	0.00	0.00	0.00	0.00	0.00	0.00	-62.95M	-59.02M	-37.08M	-27.38M	-29.80M	-25.90M	-25.00M	-25.60M	-27.40M	-30.80M	-28.20M	-24.00M	-11.50M	-1.30M
Operating Expenses	631.78M	29.14M	-428.16M	-556.80M	-381.22M	-286.51M	7.15M	4.38M	4.38M	4.49M	5.54M	4.24M	4.31M	3.80M	3.81M	6.53M	6.01M	6.04M	5.97M	3.54M	-33.46M	-29.62M	-10.62M	-4.72M	-7.40M	-5.10M	-5.50M	-7.40M	-9.30M	-14.20M	-13.20M	-9.90M	1.80M	10.70M
Cost & Expenses	631.78M	29.14M	-428.16M	-556.80M	-381.22M	-286.51M	7.15M	4.20M	4.80M	4.49M	5.54M	4.24M	4.04M	725.00K	3.81M	6.53M	6.01M	6.04M	5.97M	3.54M	-33.46M	-29.62M	-10.62M	-4.72M	-7.40M	-5.10M	-5.50M	-7.40M	-9.30M	-14.20M	-13.20M	-9.90M	1.80M	10.70M
Interest Income	797.32M	541.81M	468.69M	498.13M	542.58M	461.85M	374.75M	329.14M	263.02M	226.41M	180.60M	159.31M	170.48M	165.34M	170.56M	200.96M	198.20M	154.29M	128.39M	77.02M	70.81M	78.42M	87.77M	89.43M	83.50M	77.90M	72.20M	66.40M	63.00M	53.10M	47.00M	48.70M	55.30M	57.70M
Interest Expense	277.99M	60.51M	44.68M	71.34M	98.50M	65.33M	37.85M	28.15M	21.41M	23.78M	23.40M	25.98M	41.40M	60.28M	71.10M	91.52M	102.38M	70.23M	47.96M	21.80M	21.78M	26.53M	40.92M	44.13M	37.30M	35.60M	31.80M	28.20M	25.60M	18.90M	16.30M	19.70M	28.50M	33.00M
Depreciation & Amortization	20.26M	19.98M	22.45M	25.82M	24.48M	21.54M	19.67M	18.81M	6.07M	5.61M	2.87M	1.38M	1.74M	1.97M	1.97M	6.65M	6.54M	6.23M	8.10M	6.34M	7.54M	5.06M	4.18M	4.03M	3.50M	3.40M	2.70M	2.20M	2.00M	3.00M	1.90M	1.10M	1.10M	1.20M
EBITDA	197.45M	254.05M	266.00M	138.12M	223.87M	192.14M	150.22M	138.87M	108.96M	93.99M	54.84M	41.18M	0.00	0.00	57.67M	67.37M	0.00	0.00	54.55M	36.01M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	31.25%	43.92%	35.16%	16.75%	37.54%	47.64%	43.19%	38.11%	36.39%	41.58%	34.14%	33.23%	42.94%	73.36%	66.47%	80.06%	104.11%	88.50%	74.42%	61.01%	67.70%	69.05%	90.97%	98.93%	94.06%	97.00%	94.66%	89.43%	84.79%	74.49%	71.54%	76.22%	108.36%	138.02%
Operating Income	195.92M	271.82M	222.83M	103.49M	216.11M	253.98M	196.02M	160.27M	121.31M	112.17M	75.38M	65.77M	79.13M	114.50M	102.41M	124.23M	147.55M	108.82M	81.68M	47.06M	46.80M	49.71M	60.62M	59.12M	58.30M	51.50M	46.90M	41.80M	38.70M	29.70M	26.50M	27.10M	36.50M	42.00M
Operating Income Ratio	31.01%	43.11%	34.23%	15.67%	36.18%	46.99%	41.79%	36.57%	34.66%	39.60%	32.89%	32.55%	42.01%	72.12%	65.22%	75.99%	99.69%	83.71%	67.70%	53.77%	58.31%	62.66%	85.10%	92.61%	88.74%	90.99%	89.50%	84.96%	80.63%	67.65%	66.75%	73.24%	105.19%	134.19%
Total Other Income/Expenses	-18.73M	-2.52M	-2.32M	0.00	-333.00K	-14.25M	3.90M	-8.62M	-13.22M	-89.00K	-5.77M	-641.00K	5.90M	-67.81M	-78.03M	-34.66M	0.00	0.00	0.00	-93.00K	-21.78M	-25.23M	-40.92M	-44.13M	-37.30M	-35.60M	-31.80M	-28.20M	-25.60M	-18.90M	-16.80M	-19.70M	-28.50M	-33.00M
Income Before Tax	177.19M	211.31M	222.83M	103.49M	216.11M	188.65M	159.87M	135.78M	99.76M	85.89M	45.75M	33.47M	34.68M	46.69M	24.38M	32.71M	45.17M	38.59M	33.71M	25.26M	25.02M	24.49M	19.70M	14.98M	21.00M	15.90M	15.10M	13.60M	13.10M	10.80M	9.70M	7.40M	8.00M	9.00M
Income Before Tax Ratio	28.05%	33.51%	34.23%	15.67%	36.18%	34.90%	34.08%	30.98%	28.50%	30.32%	19.96%	16.56%	18.41%	29.41%	15.53%	20.01%	30.52%	29.68%	27.94%	28.86%	31.18%	30.87%	27.65%	23.47%	31.96%	28.09%	28.82%	27.64%	27.29%	24.60%	24.43%	20.00%	23.05%	28.75%
Income Tax Expense	32.51M	45.24M	46.94M	19.84M	48.20M	41.73M	67.68M	44.85M	31.75M	26.31M	12.26M	6.83M	9.04M	15.02M	5.86M	8.66M	14.07M	11.47M	9.50M	6.82M	6.84M	6.82M	5.11M	3.80M	6.20M	4.50M	4.50M	4.10M	3.90M	2.60M	2.70M	1.80M	1.80M	2.10M
Net Income	144.68M	166.07M	175.89M	83.65M	167.91M	146.92M	92.19M	90.93M	68.01M	59.58M	33.49M	26.64M	25.63M	31.68M	18.52M	24.05M	31.10M	27.13M	24.21M	18.44M	18.18M	16.37M	14.59M	11.18M	14.80M	11.40M	10.60M	9.50M	9.20M	8.20M	7.50M	5.60M	6.20M	6.90M
Net Income Ratio	22.90%	26.34%	27.02%	12.67%	28.11%	27.18%	19.65%	20.75%	19.43%	21.04%	14.61%	13.18%	13.61%	19.95%	11.79%	14.71%	21.01%	20.86%	20.07%	21.07%	22.65%	20.63%	20.48%	17.52%	22.53%	20.14%	20.23%	19.31%	19.17%	18.68%	18.89%	15.14%	17.87%	22.04%
EPS	2.58	2.97	3.13	1.49	2.89	2.80	1.97	2.18	1.89	1.89	1.23	1.06	1.02	1.39	0.88	1.15	1.66	1.75	1.56	1.43	1.47	1.30	1.10	0.81	1.06	0.84	0.81	0.72	0.70	0.62	0.59	0.44	0.48	0.54
EPS Diluted	2.56	2.95	3.12	1.48	2.88	2.79	1.96	2.17	1.88	1.88	1.22	1.06	1.02	1.38	0.87	1.14	1.64	1.71	1.54	1.43	1.47	1.29	1.10	0.81	1.06	0.84	0.81	0.72	0.70	0.62	0.59	0.44	0.48	0.54
Weighted Avg Shares Out	56.10M	55.90M	56.11M	56.27M	58.05M	52.49M	46.87M	41.74M	35.97M	31.50M	27.27M	25.11M	25.06M	22.84M	21.07M	20.96M	18.74M	15.50M	15.52M	12.87M	12.37M	12.59M	13.22M	13.74M	13.96M	13.95M	13.59M	13.19M	13.19M	13.19M	12.77M	12.84M	12.79M	12.71M
Weighted Avg Shares Out (Dil)	56.45M	56.11M	56.11M	56.47M	58.23M	52.63M	47.00M	41.96M	36.23M	31.76M	27.46M	25.17M	25.19M	22.98M	21.21M	21.12M	18.96M	15.86M	15.72M	12.93M	12.49M	12.69M	13.22M	13.74M	14.02M	13.95M	13.59M	13.19M	13.19M	13.19M	12.77M	12.84M	12.79M	12.71M

Renasant Corporation (RNST) Q4 2022 Results - Earnings Call Transcript

January 25, 2023seekingalpha.com

Renasant Corporation. (NASDAQ:RNST ) Q4 2022 Earnings Conference Call January 25, 2023 10:00 AM ET Company Participants Kelly Hutcheson - EVP & CAO Mitchell Waycaster - President, CEO & Director Kevin Chapman - Senior EVP & COO James Mabry -...

Renasant (RNST) Tops Q4 Earnings Estimates

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Renasant (RNST) delivered earnings and revenue surprises of 1.14% and 0.85%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Renasant Announces 2022 Fourth Quarter Webcast and Conference Call Information

January 12, 2023globenewswire.com

TUPELO, Miss., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Renasant Corporation (NASDAQ: RNST) (the “Company”) will announce 2022 fourth quarter results following the NASDAQ's closing on Tuesday, January 24, 2023. The Company will hold executive management's quarterly webcast and conference call...

Down 6% in 4 Weeks, Here's Why Renasant (RNST) Looks Ripe for a Turnaround

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Renasant (RNST) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the...

Renasant Corp. (RNST) Q3 2022 Results - Earnings Call Transcript

October 26, 2022seekingalpha.com

Renasant Corp. (NASDAQ:RNST ) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Kelly Hutcheson - EVP & CAO Mitchell Waycaster - President, CEO & Director Kevin Chapman - Senior EVP & COO James Mabry -...

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Renasant (RNST) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances...