Renasant amends Q3 EPS to $0.74 after $627k hedge adjustment; net income $41.8M

RENASANT CORP

2023-Q3 EPS reported $2.07

Amendment reduces diluted EPS from $0.75 to $0.74 due to $627k loan interest income correction on $250M cash flow hedge.
Q3 2023 net income $41.8M; net interest margin 3.36%, down 9 bps linked quarter.
Loans grew $237.5M (7.9% annualized) linked quarter; total deposits up $61.7M, noninterest-bearing down $144.8M.
Credit quality stable: nonperforming loans to total loans 0.58%, allowance coverage 282.24%.
$100M stock repurchase program effective through Oct 2024; no buyback activity in Q3.

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