Cash flow Renasant Corporation

Equities

RNST

US75970E1073

Banks

Market Closed - Nyse Other stock markets 04:00:02 2025-01-10 pm EST			5-day change	1st Jan Change
33.85 ^USD	-3.01%		-5.95%	-5.31%

Oct. 23	Renasant Corporation, Q3 2024 Earnings Call, Oct 23, 2024
Oct. 22	Renasant Q3 Adjusted Earnings Fall, Revenue Rises; Shareholders Approve First Bancshares Deal	MT

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Published financial data: RENASANT CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	501M	466M	435M	480M	716M
Interest Income On Investments	41.24M	31.7M	33.22M	61.9M	80.86M
Interest Income, Total	543M	498M	469M	542M	797M
Interest On Deposits	82M	54.02M	28.98M	35.21M	232M
Total Interest On Borrowings	16.93M	17.32M	15.71M	25.3M	45.66M
Interest Expense, Total	98.92M	71.34M	44.68M	60.51M	278M
Net Interest Income	444M	427M	424M	481M	519M
Service Charges On Deposits	35.97M	31.33M	36.57M	39.96M	39.2M
Trust Income	14.43M	16.5M	20.46M	22.34M	22.13M
Total Mortgage Banking Activities	57.9M	150M	110M	35.79M	32.41M
Gain (Loss) on Sale of Loans	-	-	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	348K	46K	2.17M	-	-41.79M
Total Other Non Interest Income	44.6M	37.16M	58.19M	51.16M	61.12M
Non Interest Income, Total	153M	236M	227M	149M	113M
Revenues Before Provison For Loan Losses	597M	662M	651M	631M	632M
Provision For Loan Losses	7.05M	86.85M	-1.67M	23.79M	15.59M
Total Revenues	590M	575M	653M	607M	617M
Salaries And Other Employee Benefits	241M	284M	271M	250M	268M
Amort. of Goodwill & Intang. Assets	8.1M	7.12M	6.04M	5.12M	5.38M
Occupancy Expense	38.28M	41.9M	37.34M	36.51M	38.67M
Selling General & Admin Expenses, Total	71.77M	73.92M	74.15M	68.87M	73.34M
(Income) Loss on Real Estate Property	2.01M	2.75M	253K	-453K	267K
Total Other Non Interest Expense	13.08M	44.89M	35M	32.74M	53.91M
Non Interest Expense, Total	374M	454M	423M	393M	440M
EBT, Excl. Unusual Items	216M	121M	229M	214M	177M
Restructuring Charges	-	-7.36M	-368K	-732K	-
Total Merger & Related Restructuring Charges	-279K	-	-	-1.79M	-
Other Unusual Items	-54K	-10.46M	-6.12M	-	-
EBT, Incl. Unusual Items	216M	103M	223M	211M	177M
Income Tax Expense	48.09M	19.84M	46.94M	45.24M	32.51M
Earnings From Continuing Operations	168M	83.65M	176M	166M	145M
Net Income to Company	168M	83.65M	176M	166M	145M
Net Income - (IS)	168M	83.65M	176M	166M	145M
Net Income to Common Incl Extra Items	168M	83.65M	176M	166M	145M
Net Income to Common Excl. Extra Items	168M	83.65M	176M	166M	145M
Per Share Items
Net EPS - Basic	2.89	1.49	3.13	2.97	2.58
Basic EPS - Continuing Operations	2.89	1.49	3.13	2.97	2.58
Basic Weighted Average Shares Outstanding	58.05M	56.27M	56.11M	55.9M	56.1M
Net EPS - Diluted	2.88	1.48	3.12	2.95	2.56
Diluted EPS - Continuing Operations	2.88	1.48	3.12	2.95	2.56
Diluted Weighted Average Shares Outstanding	58.23M	56.47M	56.42M	56.21M	56.45M
Normalized Basic EPS	2.33	1.35	2.55	2.39	1.97
Normalized Diluted EPS	2.32	1.34	2.54	2.38	1.96
Dividend Per Share	0.87	0.88	0.88	0.88	0.88
Payout Ratio	30.37	59.93	28.44	30.1	34.75
Supplemental Items
Effective Tax Rate - (Ratio)	22.3	19.17	21.06	21.41	18.35
Current Domestic Taxes	28.05M	33.5M	35.52M	42.96M	37.51M
Total Current Taxes	28.05M	33.5M	35.52M	42.96M	37.51M
Deferred Domestic Taxes	20.04M	-13.66M	11.41M	2.28M	-5M
Total Deferred Taxes	20.04M	-13.66M	11.41M	2.28M	-5M
Normalized Net Income	135M	75.82M	143M	134M	111M
Non-Cash Pension Expense	168K	249K	-821K	-703K	282K
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	10.2M	10.58M	10.07M	11.5M	13.72M
Total Stock-Based Compensation	10.2M	10.58M	10.07M	11.5M	13.72M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	227M	633M	1.88B	576M	801M
Investment Securities, Total	293M	388M	616M	1.7B	1.32B
Trading Asset Securities, Total	8.5M	33.57M	17.7M	38.05M	37.15M
Mortgage Backed Securities	998M	956M	2.19B	1.15B	821M
Total investments	1.3B	1.38B	2.82B	2.9B	2.18B
Gross Loans	9.69B	10.94B	10.02B	11.59B	12.36B
Allowance For Loan Losses	-52.16M	-176M	-164M	-192M	-199M
Other Adjustments to Gross Loans	-3.82M	-4.16M	-4.07M	-7.15M	-6.79M
Net Loans	9.64B	10.76B	9.86B	11.39B	12.15B
Gross Property Plant And Equipment	418M	427M	430M	433M	439M
Accumulated Depreciation	-109M	-126M	-137M	-149M	-156M
Net Property Plant And Equipment	310M	300M	293M	284M	283M
Goodwill	940M	940M	940M	992M	992M
Other Intangibles, Total	37.26M	30.14M	24.1M	24.18M	18.8M
Loans Held For Sale	318M	418M	454M	110M	180M
Accrued Interest Receivable	-	56.46M	41.69M	49.85M	54.8M
Restricted Cash	188M	-	-	-	-
Deferred Tax Assets Long-Term (Collected)	27.28M	44.66M	45.23M	110M	95.7M
Other Real Estate Owned And Foreclosed	8.01M	5.97M	2.54M	1.76M	9.62M
Other Long-Term Assets, Total	409M	367M	456M	558M	591M
Total Assets	13.4B	14.93B	16.81B	16.99B	17.36B
Liabilities
Interest Bearing Deposits	6.37B	7.95B	8.86B	8.53B	9.72B
Institutional Deposits	1.29B	427M	326M	402M	774M
Non-Interest Bearing Deposits	2.55B	3.69B	4.72B	4.56B	3.58B
Total Deposits	10.21B	12.06B	13.91B	13.49B	14.08B
Short-Term Borrowings	499M	42.45M	27.75M	745M	341M
Current Portion of Long-Term Debt	4K	100K	417K	-	-
Current Portion of Leases	9.72M	8.61M	8.4M	7.34M	6.34M
Long-Term Debt	114M	212M	359M	316M	316M
Federal Home Loan Bank Debt - Long-Term	152M	152M	-	-	-
Long-Term Leases	78.77M	60.94M	58.66M	50.03M	44.79M
Trust Preferred Securities (BS)	110M	111M	111M	112M	113M
Other Non Current Liabilities	97.67M	151M	129M	134M	165M
Total Liabilities	11.27B	12.8B	14.6B	14.85B	15.06B
Common Stock, Total	296M	296M	296M	296M	296M
Additional Paid In Capital	1.29B	1.3B	1.3B	1.3B	1.31B
Retained Earnings	617M	616M	742M	858M	952M
Treasury Stock	-83.19M	-102M	-118M	-112M	-105M
Comprehensive Income and Other	764K	25.07M	-10.44M	-209M	-154M
Total Common Equity	2.13B	2.13B	2.21B	2.14B	2.3B
Total Equity	2.13B	2.13B	2.21B	2.14B	2.3B
Total Liabilities And Equity	13.4B	14.93B	16.81B	16.99B	17.36B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	56.56M	56.24M	55.82M	56.02M	56.22M
ECS Total Common Shares Outstanding	56.86M	56.2M	55.76M	55.95M	56.14M
Book Value / Share	37.39	37.95	39.63	38.18	40.92
Tangible Book Value	1.15B	1.16B	1.25B	1.12B	1.29B
Tangible Book Value Per Share	20.2	20.69	22.35	20.02	22.92
Average Assets	12.88B	14.5B	15.91B	16.64B	17.23B
Average Loans	9.53B	10.95B	10.76B	10.88B	12.14B
Total Debt	964M	587M	566M	1.23B	822M
Deposits at Interest - Cash	224M	457M	1.7B	382M	595M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-565K	-2.32M	-2.83M	376K	76K
Net Debt	729M	-79.81M	-1.33B	617M	-16.79M
Full Time Employees	2.53K	2.52K	2.41K	2.33K	2.3K
Number Of Offices	172	168	161	157	160

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	168M	83.65M	176M	166M	145M
Depreciation, Depletion & Amortization	16.38M	18.7M	16.41M	25.83M	20.01M
Amortization of Goodwill and Intangible Assets - (CF)	15.11M	26.84M	27.53M	16.92M	15.22M
Total Depreciation, Depletion & Amortization	31.49M	45.54M	43.93M	42.74M	35.23M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-45.85M	-150M	-82.4M	-15.8M	-14.57M
(Gain) Loss On Sale of Asset - (CF)	-881K	38K	-840K	-3.2M	-720K
(Gain) Loss on Sale of Investments - (CF)	-348K	-46K	-2.17M	-	41.79M
Provision for Credit Losses	7.05M	86.85M	-1.67M	23.79M	15.59M
Stock-Based Compensation (CF)	10.2M	10.58M	10.07M	11.5M	13.72M
Net (Increase) Decrease in Loans Originated / Sold - Operating	-52.57M	50.91M	56.18M	364M	-53.55M
Change in Other Net Operating Assets (Collected)	48.32M	-32.15M	-63.73M	-35.87M	-27.99M
Other Operating Activities	-1.38M	-12.72M	7.39M	20.8M	-5.62M
Cash from Operations	164M	82.24M	143M	574M	149M
Capital Expenditure	-34.97M	-28.27M	-20.52M	-14.84M	-21.63M
Sale of Property, Plant, and Equipment	3.73M	-	9.81M	1.23M	943K
Cash Acquisitions	-250K	-	-	-121M	-
Investment in Marketable and Equity Securities, Total	-17.25M	-32.77M	-1.52B	-352M	736M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-465M	-1.23B	910M	-1.46B	-792M
Other Investing Activities, Total	8.01M	28.72M	-36.02M	-101M	21.04M
Cash from Investing	-506M	-1.27B	-660M	-2.04B	-55.4M
Short Term Debt Issued, Total	101M	-	-	669M	-
Long-Term Debt Issued, Total	150M	98.27M	197M	-	-
Total Debt Issued	251M	98.27M	197M	669M	-
Short Term Debt Repaid, Total	-	-468M	-7.39M	-	-405M
Long-Term Debt Repaid, Total	-35.36M	-171K	-203M	-32.42M	-2.68M
Total Debt Repaid	-35.36M	-468M	-210M	-32.42M	-407M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-62.94M	-24.57M	-21.32M	-	-
Common Dividends Paid	-50.9M	-50.13M	-50.02M	-49.99M	-50.28M
Common & Preferred Stock Dividends Paid	-50.9M	-50.13M	-50.02M	-49.99M	-50.28M
Net Increase (Decrease) in Deposit Accounts - (CF)	85.92M	1.85B	1.85B	-419M	590M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	188M	1.4B	1.76B	168M	132M
Net Change in Cash	-154M	218M	1.24B	-1.3B	225M
Supplemental Items
Cash Interest Paid	98.4M	73.69M	45.74M	54.56M	240M
Cash Income Tax Paid (Refund)	26.73M	39.99M	50.98M	41.76M	42.05M
Net Debt Issued / Repaid	216M	-370M	-13.2M	636M	-407M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.27	0.59	1.11	0.98	0.84
Return On Equity %	8.04	3.93	8.1	7.64	6.53
Return on Common Equity	8.04	3.93	8.1	7.64	6.53
Shareholders Value Added	-67.29M	-140M	-56.91M	-76.19M	-106M
Margin Analysis
SG&A Margin	59.45	69.4	58.54	58.59	61.62
Net Interest Income / Total Revenues %	75.21	74.16	64.97	79.32	84.2
EBT Excl. Non-Recurring Items Margin %	36.62	21.08	35.14	35.24	28.73
Income From Continuing Operations Margin %	28.41	14.54	26.95	27.37	23.46
Net Income Margin %	28.41	14.54	26.95	27.37	23.46
Net Avail. For Common Margin %	28.41	14.54	26.95	27.37	23.46
Normalized Net Income Margin	22.89	13.18	21.96	22.03	17.95
Asset quality
Nonperforming Loans / Total Loans %	0.37	0.51	0.51	0.49	0.56
Nonperforming Loans / Total Assets %	0.27	0.37	0.3	0.33	0.4
Nonperforming Assets / Total Assets %	0.33	0.41	0.32	0.35	0.46
NPAs / Loans and OREO	0.46	0.56	0.53	0.51	0.64
NPAs / Equity	2.09	2.88	2.41	2.75	3.44
Allowance for Credit Losses / Net Charge-offs %	1.33K	4.57K	1.6K	2.62K	1.61K
Allowance for Credit Losses / Nonperforming Loans %	143.61	317.55	323.14	337.73	286.26
Allowance for Credit Losses / Total Loans %	0.54	1.61	1.64	1.66	1.61
Net Charge-offs / Total Average Loans %	0.04	0.04	0.1	0.07	0.1
Provision for Loan Losses / Net Charge-offs %	180.12	2.25K	-16.24	324.57	126.46
Earning Assets / IBL	135.68	144.1	153.35	156.18	142.32
Interest Income / Average Assets	4.21	3.43	2.95	3.26	4.63
Interest Expense / Average Assets	0.77	0.49	0.28	0.36	1.61
Net Interest Income / Average Assets	3.45	2.94	2.67	2.89	3.01
Non Interest Income / Average Assets	1.19	1.62	1.43	0.9	0.66
Non Interest Expense / Average Asset	2.9	3.13	2.66	2.36	2.55
Capital And Funding
Total Average Common Equity / Total Average Assets %	15.83	15.03	13.68	12.86	12.91
Total Average Equity / Total Average Assets %	15.83	15.03	13.68	12.86	12.91
Total Equity + Allowance for Loan Losses / Total Loans %	22.47	21.11	23.68	20.1	20.2
Gross Loans / Total Deposits %	94.91	90.7	72.09	85.9	87.79
Net Loans / Total Deposits %	94.36	89.21	70.88	84.42	86.33
Tier 1 Capital Ratio %	12.14	11.91	12.1	11.01	11.3
Total Capital Ratio %	13.78	15.07	16.14	14.63	14.93
Core Tier 1 Capital Ratio	11.12	10.93	11.18	10.21	10.52
Equity Tier 1 Capital Ratio	9.25	8.33	7.86	7.01	7.87
Coverage Ratio	101.92	397.17	490.81	652.26	435.47
Leverage Ratio %	10.37	9.37	9.15	9.36	9.62
Interbank Ratio	2.46K	2.14K	12.15K	3.13K	7.85K
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	13.74	6.98	15.19	9.35	4.88
EBT + Interest Expense / Interest Expense	3.18	2.45	5.99	4.49	1.64
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	11.89	-3.8	-0.66	13.51	7.9
Non Interest Income, 1 Yr. Growth %	6.46	53.69	-3.63	-34.25	-24.24
Provision For Loan Losses, 1 Yr. Growth %	3.52	1.13K	-101.92	-1.53K	-34.68
Total Revenues, 1 Yr. Growth %	10.53	-2.44	13.41	-7.03	1.67
Earnings From Cont. Operations, 1 Yr. Growth %	14.07	-50.09	110.27	-5.59	-12.88
Net Income, 1 Yr. Growth %	14.07	-50.09	110.27	-5.59	-12.88
Normalized Net Income, 1 Yr. Growth %	6.47	-43.84	92.36	-4.2	-17.14
Diluted EPS Before Extra, 1 Yr. Growth %	3.23	-48.61	110.81	-5.45	-13.22
Dividend Per Share, 1 Yr. Growth %	8.7