Renasant Corp. (RNST) Tops Q4 EPS by 2c

Renasant Corp. (NASDAQ: RNST) reported Q4 EPS of $0.66, $0.02 better than the analyst estimate of $0.64.

Net income for the year ended December 31, 2021, was $175.9 million, as compared to net income of $83.7 million for the same period in 2020. Basic and diluted EPS were $3.13 and $3.12, respectively, for 2021, as compared to basic and diluted EPS of $1.49 and $1.48, respectively, for 2020.

“I am proud of the Renasant team and the efforts they put forth in 2021. We generated strong loan production in the fourth quarter and throughout the year, had solid earnings, strengthened capital and have considerable balance sheet liquidity heading into 2022,” commented C. Mitchell Waycaster, Renasant President and Chief Executive Officer. “We believe that the economic strength of our markets is good and business activity is vibrant. Our focus remains on producing loan growth and on initiatives designed to improve profitability.”

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

You May Also Be Interested In

• Oppenheimer turns cautious on major U.S. banks, favors alternative asset managers
• AeroVironment (AVAV) Tops Q4 EPS by 36c
• Softbank stock target raised at Citi on profit growth