Renasant Q2 GAAP EPS $0.51 vs $0.82 prior quarter; adjusted EPS $0.83 flat

RENASANT CORP

2023-Q2 EPS reported $1.33

Net income $28.6M, diluted EPS $0.51, down from $46.1M and $0.82 in Q1 2023.
Adjusted diluted EPS (non-GAAP) $0.83, roughly stable linked quarter and up from $0.72 YoY.
Net interest margin 3.45%, down 21 bps linked; cost of total deposits rose 51 bps to 1.50%.
Sold $489M in securities, recognizing $22.4M pre-tax loss; proceeds used to pay down FHLB borrowings.
Loans grew $164M (5.6% annualized); brokered deposits increased $224M; noninterest-bearing deposits fell $366M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RENASANT CORP reported Second Quarter 2023 results: net income 28,643, EPS 0.51.

Period: Second Quarter 2023
Net income: 28,643
EPS: 0.51
Result: reported results

Exact text from the filing

Net income for the second quarter of 2023 was $28.6 million with diluted EPS of $0.51

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RENASANT CORP filing history →

Source: SEC EDGAR

accession 0000715072-23-000192

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