Renasant Corp. (RNST) Tops Q1 EPS by 35c

Renasant Corp. (NASDAQ: RNST) reported Q1 EPS of $1.02, $0.35 better than the analyst estimate of $0.67.

“Our first quarter results are a good start to the year and speak to the talent of the Renasant team,” commented C. Mitchell Waycaster, Renasant President and Chief Executive Officer. “We saw a significant increase in our deposits, particularly noninterest-bearing deposits, and achieved net loan growth when excluding PPP loans, while our asset quality metrics remained stable. As pandemic-related restrictions continue to be relaxed and business activity appears to be accelerating throughout our region, we believe we are well positioned to capitalize on opportunities. As we move forward, we will continue to emphasize improving operating efficiency as we build core earnings.”

For earnings history and earnings-related data on Renasant Corp. (RNST) click here.

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