earnings
confidence high
sentiment negative
materiality 0.70
Renasant Q4 2023 net income $28.1M, diluted EPS $0.50, adjusted $0.76
RENASANT CORP
2023-FY EPS reported
$2.56
- Net income $28.1M vs $46.3M in Q4 2022; diluted EPS $0.50 (adjusted $0.76).
- Net interest margin 3.33%, down 3 bps linked quarter; deposit cost 2.17%.
- Loans grew 6.0% annualized (+$183M); deposits fell $80.3M linked quarter.
- Pre-tax impairment $19.4M on securities; $177M proceeds from sale in early 2024.
- Nonperforming loans/total loans improved to 0.56%; coverage ratio 286%.