secwatch.observer — SEC 8-K summary
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Issuer:     RENASANT CORP (RNST)
CIK:        0000715072
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000715072-23-000117
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Renasant Q1 net income $46.1M, EPS $0.82; NIM down 12 bps to 3.66%
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- Net income $46.1M ($0.82 diluted EPS) vs $33.5M ($0.60) year ago; flat vs Q4 2022.
- Net interest margin 3.66%, down 12 bps linked quarter; cost of total deposits up 47 bps to 0.99%.
- Loans grew $188.1M (6.6% annualized); deposits up $425.1M driven by $623.4M brokered deposits.
- Nonperforming loans to total loans rose to 0.64% from 0.49%; net charge-offs $4.7M (0.16% annualized).
- Mortgage rate lock volume $0.6B (up from $0.5B Q4); gain-on-sale margin fell 49 bps to 1.15%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715072/000071507223000117/0000715072-23-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715072/000071507223000117/rnst-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000715072-23-000117

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