Earnings ·
Reports Q3 net income of $78.9 million, or diluted EPS of $0.86
RNSTRenasant Corp
Renasant Corporation reported third-quarter 2026 net income of $78.9 million, translating to diluted earnings per share of $0.86. Net interest income on a fully tax-equivalent basis was $228.6 million, while the net interest margin stood at 3.77%. The company's loan portfolio grew by $555.9 million linked quarter, driven by strong production and lower payoff activity. Conversely, deposits decreased by $73.2 million due to outflows in public fund deposits, which were partially offset by growth in consumer and commercial segments. Noninterest expense declined by $1.2 million linked quarter, primarily due to a decrease in deferred compensation expenses. The company also announced the approval of a new $175.0 million stock repurchase program effective October 27, 2026. Renasant Corporation operates as a financial holding company providing banking, mortgage lending, and wealth management services.