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Renasant Bank
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Regional bank delivering community financial services
Renasant Bank
Work Here?
Regional bank delivering community financial services
Overview
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.
About Renasant Bank
Industries
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Tupelo, Mississippi
Founded
1904
Simplify's Take
What believers are saying
- Loan growth reached $462 million in Q3 2025 despite integration work.
- Eliminating brokered deposits and lowering deposit costs improved funding flexibility.
- The 2025 First merger expands cross-sell opportunities across consumer, commercial, and wealth products.
What critics are saying
- Q1 2026 net interest margin missed expectations, pressuring core earnings.
- Merger integration from The First still risks service disruptions and deposit attrition.
- May 2026 subordinated notes increase interest expense and holding-company leverage.
What makes Renasant Bank unique
- Renasant blends community banking with nationwide asset-based lending through financial institutions.
- The First merger added over 280 Southeast locations and Louisiana entry in 2025.
- Founded in 1904, Renasant combines legacy Mississippi deposits with regional scale.
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Funding
Total Funding
$530M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Flexible Work Hours
Stock Price
Company News
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.
Renasant, a regional banking company, reported fourth-quarter revenue of $278.5 million, beating analyst estimates by 1.1% and marking 64.3% year-on-year growth. The company's non-GAAP earnings of $0.91 per share exceeded consensus estimates by 13.5%. Founded in 1904, Renasant offers banking, wealth management, insurance and lending services across the Southeast. The company's net interest margin of 3.9% beat expectations, though net interest income of $227.4 million slightly missed forecasts. Whilst Renasant's five-year revenue growth has been modest at 8% annually, recent performance shows acceleration with 20.8% annualised growth over the past two years. Net interest income comprises 75% of total revenue. Following the results, shares rose sharply, bringing the company's market capitalisation to $3.54 billion.
Renasant Corporation reported fourth-quarter earnings of $44.7 million, or $0.70 per diluted share, capping what CEO Mitch Waycaster called "a successful year" despite ongoing merger preparations. Net interest income rose $1.9 million to $135.5 million, driven by $257 million in loan growth and a 16-basis-point decrease in deposit costs. The bank grew deposits by $63 million whilst eliminating all brokered deposits by year-end. Non-interest income declined $55.1 million from the third quarter, primarily due to that quarter's one-time $53.3 million gain from selling its insurance agency. Non-interest expenses decreased $7 million to $114.7 million, largely from reduced merger costs. Renasant expects to complete its merger with The First in the first half of 2025.
Renasant Corporation reported third quarter 2025 net income of $59.8 million, or $0.63 per diluted share. Adjusted earnings, excluding merger charges, reached $72.9 million, or $0.77 per diluted share. The regional bank saw strong loan growth of $462 million, up 9.9% annualised, despite completing its systems conversion with The First in early August. Deposits declined $158 million, driven primarily by a seasonal $169 million decrease in public funds. Net interest margin remained flat at 3.85%, whilst adjusted margin increased 4 basis points to 3.62%. Adjusted return on average assets improved to 1.09%, up 12 basis points year-over-year. CEO Kevin Chapman said the results position Renasant to achieve profitability goals established when the merger was announced in July 2024.
Orlando joins REV from Renasant Bank, where he served as senior vice president and director of learning and development.
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About Renasant Bank
Industries
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Tupelo, Mississippi
Founded
1904
Renasant Bank is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today