m_and_a
confidence high
sentiment neutral
materiality 0.55
Renasant completes merger with The First; pro forma combined assets $26.0B, 2024 net income $223M
RENASANT CORP
- Merger closed April 1, 2025; each share of The First converted to 1.00 share of Renasant common stock.
- Total consideration ~$1.06B based on Renasant's closing price of $33.93 on March 31, 2025.
- Pro forma combined total assets $26.0B as of Dec 31, 2024; goodwill $413.9M.
- Pro forma 2024 net income $223.2M; diluted EPS $2.44.
- Core deposit intangible of $159.6M recorded, amortized over 10 years.
item 9.01