earnings
confidence high
sentiment neutral
materiality 0.65
Renasant Q3 net income $42.3M; adjusted diluted EPS $0.75 vs $0.83 prior quarter
RENASANT CORP
2023-Q3 EPS reported
$2.07
- Net income $42.3M ($0.75 diluted EPS) vs $46.6M ($0.83) in Q3 2022.
- Adjusted diluted EPS (Non-GAAP) $0.75, down from $0.83 in Q2 2023 and $0.79 in Q3 2022.
- Loans grew $237.5M linked quarter (7.9% annualized); total deposits up $61.7M.
- Net interest margin 3.38% (down 7 bps); cost of total deposits 198 bps (up 48 bps).
- Nonperforming loans ratio improved to 0.58% (from 0.77%); allowance coverage 282% of NPLs.