Renasant Q4 net income $46.3M, diluted EPS $0.82; completes RBC acquisition

RENASANT CORP

2022-FY EPS reported $2.95

Q4 net income $46.3M ($0.82 diluted EPS) vs $37.1M ($0.66) in Q4 2021; adjusted diluted EPS $0.89.
Acquired Republic Business Credit on Dec 30, adding $77.5M loans; merger expenses $1.1M.
Net interest margin 3.78%, up 24 bps linked quarter; loan growth $473.3M (14.14% annualized ex-RBC).
Allowance for credit losses on loans 1.66%, NPL ratio 0.49%; provision $10.5M driven by loan growth.
Deposits increased $54.8M; noninterest-bearing deposits fell $268.5M to 33.8% of total; cost of deposits 52 bps.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RENASANT CORP reported the fourth quarter of 2022 results: net income $46.3 million, EPS $0.82.

Period: the fourth quarter of 2022
Net income: $46.3 million
EPS: $0.82
Result: reported results

Exact text from the filing

Net income for the fourth quarter of 2022 was $46.3 million with diluted EPS of $0.82

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Source: SEC EDGAR

accession 0000715072-23-000041

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