Renasant Q3 2024 net income $72.5M ($1.18 EPS); shareholders approve merger with The First

RENASANT CORP

2024-Q3 EPS reported $2.59

Net income $72.5M ($1.18 diluted EPS); adjusted EPS $0.70; includes $38.95M after-tax gain on insurance agency sale.
Net interest margin 3.36%, up 5 bps linked quarter; cost of total deposits 2.51%.
Loans grew 0.7% annualized; nonperforming loans ratio increased to 0.94%.
Completed public offering of 7.1875M shares at $32 for $217M net proceeds.
Shareholders of Renasant and The First approved merger; expected close H1 2025 pending regulatory approvals.

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