Renasant Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
October 22, 2024 at 04:40 pm EDT
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Renasant Corporation reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported net interest income was USD 131 million compared to USD 127.38 million a year ago. Net income was USD 72.46 million compared to USD 41.83 million a year ago. Basic earnings per share from continuing operations was USD 1.18 compared to USD 0.75 a year ago. Diluted earnings per share from continuing operations was USD 1.18 compared to USD 0.74 a year ago.
For the nine months, net interest income was USD 379.31 million compared to USD 393.37 million a year ago. Net income was USD 150.71 million compared to USD 116.55 million a year ago. Basic earnings per share from continuing operations was USD 2.6 compared to USD 2.08 a year ago. Diluted earnings per share from continuing operations was USD 2.59 compared to USD 2.07 a year ago.
Renasant Corporation owns and operates Renasant Bank. The Company owns and operates approximately 185 banking, lending, mortgage, and wealth management offices throughout the Southeast as well as offering factoring and asset-based lending on a nationwide basis. Its Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses including checking and savings accounts, business and personal loans, asset-based lending, factoring, equipment leasing and treasury management services, as well as safe deposit and night depository facilities. Its Wealth Management segment, through the Trust division, offers a range of fiduciary services including the administration (as trustee or in other fiduciary or representative capacities) of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts.