secwatch.observer — SEC 8-K summary
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Issuer:     RENASANT CORP (RNST)
CIK:        0000715072
Form:       8-K/A
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000715072-23-000254
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715072/000071507223000254/0000715072-23-000254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715072/000071507223000254/rnst-20231024.htm
  HTML page:      https://secwatch.observer/filing/0000715072-23-000254

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