secwatch.observer — SEC 8-K summary
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Issuer:     RENASANT CORP (RNST)
CIK:        0000715072
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000715072-24-000089
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715072/000071507224000089/0000715072-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715072/000071507224000089/rnst-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000715072-24-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer