Renasant: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 05:31 PM ET
Last Updated - Apr 24, 2024, 03:23 AM EDT
TUPELO, Miss. (AP) — TUPELO, Miss. (AP) — Renasant Corp. (RNST) on Tuesday reported first-quarter earnings of $39.4 million.
The bank, based in Tupelo, Mississippi, said it had earnings of 70 cents per share. Earnings, adjusted for non-recurring gains, were 65 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The holding company for Renasant Bank posted revenue of $254.6 million in the period. Its revenue net of interest expense was $164.7 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $159.6 million.
