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Renasant Bank provides community-focused banking in the southeastern United States, offering retail and commercial deposit accounts, loans, payments, and related advisory services through branches and digital channels. Customers use deposit accounts to safekeep funds and access payments, while the bank underwrites and funds loans for individuals and businesses, earning interest and fees; online and mobile banking let customers manage accounts, transfer funds, and pay bills. It stands out by growing gradually through strategic acquisitions and maintaining a long-standing local footprint in Mississippi and nearby states, tailoring services to regional customers. Its goal is to serve local customers and businesses with reliable banking while expanding its regional reach and capabilities through thoughtful growth and acquisitions.
Industries
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Tupelo, Mississippi
Founded
1904
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Total Funding
$530M
Above
Industry Average
Funded Over
2 Rounds
Flexible Work Hours
Archbold receives donation from Renasant Bank. The Archbold Foundation recently received a $100,000 donation from Renasant Bank through the Georgia HEART Rural Hospital Tax Credit Program. The Georgia HEART program allows Georgia taxpayers to redirect a portion of their state income tax liability to qualified rural hospitals, providing critical funding that helps hospitals like Archbold continue meeting the healthcare needs of the communities they serve. "We are extremely grateful for Renasant Bank and their continued support," said Vann Middleton, President of the Archbold Foundation. "Through the Georgia HEART Program, we have received $300,000 in donations from Renasant Bank. Their generosity has made a meaningful difference in our ability to provide high-quality care to every patient who walks through our doors." "It is a privilege to continue supporting Archbold and all they do for our community," said Jamie Lawrence, Thomasville Market President for Renasant Bank. "We are proud to invest in an organization that plays such a vital role in improving the health and well-being of our region."
Renasant reported second-quarter earnings of $0.94 per share, surpassing the Zacks Consensus Estimate of $0.91 per share and marking a 3.30% surprise. This compares to earnings of $0.69 per share a year ago. The company has beaten consensus EPS estimates three times over the last four quarters. However, quarterly revenues of $273.94 million missed the Zacks Consensus Estimate by 0.6%, though this represents an increase from year-ago revenues of $267.19 million. Renasant shares have risen about 23% since the beginning of the year, outperforming the S&P 500's 8.3% gain. Despite the positive earnings surprise, the estimate revisions trend for Renasant was unfavourable ahead of this release, translating into a Zacks Rank 4 (Sell) for the stock.
Renasant reported second quarter 2026 revenue of $273.9 million, missing analyst estimates of $280.5 million despite a 1.6% year-on-year increase. The regional banking company's net interest income of $222.8 million fell short of the expected $229.4 million. However, the company's non-GAAP earnings per share of $0.94 beat analyst consensus estimates of $0.91 by 3.1%. Net interest margin came in at 3.8%, meeting expectations. The efficiency ratio of 57.9% missed analyst estimates of 56.3%. Tangible book value per share reached $25.34, slightly below the anticipated $25.56 but showed 9.7% year-on-year growth. Renasant, which provides banking, wealth management, insurance, and specialised lending services throughout the Southeast, has a market capitalisation of $4 billion.
Renasant Corporation reported net income of $87.1 million for the second quarter of 2026, with diluted earnings per share of $0.94. The Mississippi-based bank saw loans increase $220.9 million, representing a 4.7% annualised growth rate, whilst deposits decreased $398.4 million, primarily due to seasonal outflows in public funds. Net interest margin declined 4 basis points to 3.83% compared to the previous quarter. Credit quality improved, with nonperforming loans dropping to 0.97% of total loans from 1.06% in the prior quarter. The company repurchased $60.0 million of common stock during the quarter at a weighted average price of $39.54. In May 2026, Renasant completed a $300.0 million subordinated debt offering with 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036.
Renasant Bank contributes $50,000 to Appling Healthcare through Georgia HEART Program. Appling Healthcare is proud to recognize and thank Renasant Bank for its generous $50,000 contribution through the Georgia HEART Rural Hospital Tax Credit Program. This contribution will help support ongoing improvements and investments that allow Appling Healthcare to continue providing high-quality care close to home for the communities Appling HealthCare System serve. The Georgia HEART Program gives individuals and businesses the opportunity to redirect a portion of their Georgia state income tax liability to support rural hospitals like Appling Healthcare. Contributions made through the program help fund vital equipment, technology upgrades, and patient care initiatives that directly impact local healthcare services. "We are incredibly grateful for community partners like Renasant Bank who believe in the importance of strong rural healthcare," said Appling Healthcare leadership. "Their support through Georgia HEART helps us continue investing in the future of healthcare for our patients, families, and staff." Appling Healthcare sincerely thanks Renasant Bank for their commitment to the health and well-being of its community.
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Industries
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Tupelo, Mississippi
Founded
1904
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