earnings
confidence high
sentiment negative
materiality 0.80
Renasant Q2 net income $1.0M; adjusted EPS $0.69; merger closed April 1
RENASANT CORP
2025-Q2 EPS reported
$0.53
- Net income $1.0M, diluted EPS $0.01; adjusted diluted EPS $0.69 (non-GAAP) vs $0.66 prior quarter.
- Net interest income $222.7M, up $85.3M linked quarter; net interest margin 3.85%, up 40 bps.
- Merger with The First Bancshares closed April 1, adding $7.9B assets; merger expenses $20.5M and Day 1 provision $66.6M.
- Organic loan growth $311.6M (6.9% annualized); organic deposit growth $361.3M (6.8% annualized).
- Provision for credit losses $81.3M, including $66.6M Day 1 provision; net charge-offs $12.1M.
item 2.02item 7.01item 9.01