secwatch.observer — SEC 8-K summary
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Issuer:     RENASANT CORP (RNST)
CIK:        0000715072
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000715072-24-000149
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Renasant Q2 EPS $0.69; sells insurance agency for $56.4M cash, net gain of $36.4M
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- Net income $38.8M ($0.69 diluted EPS); adjusted diluted EPS $0.69 (non-GAAP).
- Net interest income $127.6M (+$1.7M QoQ); NIM 3.31% (+1bp).
- Sale of Renasant Insurance completed July 1; cash proceeds $56.4M, estimated after-tax gain $36.4M in Q3.
- Loans +$104.2M (3.4% annualized); deposits +$18.1M; brokered deposits reduced $183.7M.
- Nonperforming loans to total loans rose to 0.78% vs 0.59% QoQ; criticized loans improved to 2.62%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715072/000071507224000149/0000715072-24-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715072/000071507224000149/rnst-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000715072-24-000149

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