Renasant Q1 net income $39.4M, EPS $0.70; names Kevin Chapman as next CEO

RENASANT CORP

2024-Q1 EPS reported $0.70

Net income $39.4M (diluted EPS $0.70); adjusted diluted EPS $0.65; QoQ net income up from $28.1M in Q4 2023.
Loans grew $149.3M (4.9% annualized); deposits up $160.4M linked quarter; net interest margin 3.30%.
Kevin Chapman designated CEO effective May 2025; current CEO Waycaster to become Executive Vice Chairman.
Mortgage banking income up $4.8M QoQ; $0.4B in rate lock volume; gain on sale margin 1.78%.
Credit quality: provision $2.4M; nonperforming loans 0.59%; criticized loans rose to 2.76%.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Role change

C. Mitchell Waycaster

Executive Vice Chairman

RNST · RENASANT CORP

Successor: Kevin D. Chapman
Filed: April 23, 2024, 7:59 PM ET

Following Mr. Chapman’s promotion to Chief Executive Officer, C. Mitchell Waycaster will continue in his role as Executive Vice Chairman of the Company and the Bank.

Appointed

Kevin D. Chapman

Chief Executive Officer

RNST · RENASANT CORP

Filed: April 23, 2024, 7:59 PM ET

designating Kevin D. Chapman to become Chief Executive Officer of the Company and the Bank, effective May 2025.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RENASANT CORP reported first quarter of 2024 results: net income $39,409, EPS $0.70.

Period: first quarter of 2024
Net income: $39,409
EPS: $0.70
Result: reported results

Exact text from the filing

On April 23, 2024, Renasant Corporation (“Renasant”) issued a press release announcing earnings for the first quarter of 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

C. Mitchell Waycaster changed role as Executive Vice Chairman at RENASANT CORP.

Action: will continue in his role as Executive Vice Chairman
Role: Executive Vice Chairman

Exact text from the filing

Following Mr. Chapman’s promotion to Chief Executive Officer, C. Mitchell Waycaster will continue in his role as Executive Vice Chairman of the Company and the Bank.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin D. Chapman was appointed as Chief Executive Officer at RENASANT CORP.

Action: designated to become
Role: Chief Executive Officer

Exact text from the filing

designating Kevin D. Chapman to become Chief Executive Officer of the Company and the Bank, effective May 2025.

View on SEC.gov

1447 earnings releases filed in the last 30 days. Browse all earnings releases →

RENASANT CORP filing history →

Source: SEC EDGAR

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