secwatch.observer — SEC 8-K summary
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Issuer:     RENASANT CORP (RNST)
CIK:        0000715072
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000715072-23-000192
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715072/000071507223000192/0000715072-23-000192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715072/000071507223000192/rnst-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000715072-23-000192

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