Renasant Corp. (RNST) Tops Q3 EPS by 1c

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Go back to Renasant Corp. (RNST) Tops Q3 EPS by 1c

Renasant Announces Record $23.2 Million in 2016 Third Quarter Earnings

October 18, 2016 5:15 PM EDT

TUPELO, Miss., Oct. 18, 2016 /PRNewswire/ -- Renasant Corporation (NASDAQ: RNST) (the "Company") today announced its financial results for the third quarter of 2016.  Net income for the third quarter of 2016 was $23.18 million, or basic and diluted earnings per share ("EPS") of $0.55, an increase of 42.90% from $16.22 million, or basic and diluted EPS of $0.40, for the third quarter of 2015.  

The Company incurred pre-tax merger and conversion expenses of $268 thousand, equal to $178 thousand on an after-tax basis, during the third quarter of 2016 which had an immaterial impact on reported diluted EPS, as compared... More