Renasant Q1 net income $41.5M, diluted EPS $0.65; completes First Bancshares merger on Apr 1

RENASANT CORP

2025-Q1 EPS reported $0.65

Net income $41.5M, diluted EPS $0.65; adjusted diluted EPS $0.66 (non-GAAP).
Loans grew $170.6M linked quarter (5.4% annualized); deposits up $199.5M; noninterest-bearing deposits 24%.
Net interest margin 3.45%, up 9 bps linked quarter; cost of total deposits down 13 bps to 2.22%.
Completed merger with The First Bancshares on Apr 1, adding ~$8B assets, 116 locations across 5 states.
Credit quality improved: NPLs/total loans 0.76% (down from 0.88%); criticized loans 2.45% (down from 2.89%).

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