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Renasant
(NYSE:RNST)
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Rating:73Outperform
Price Target:
$48.00
â–²(10.42% Upside)
Action:Reiterated
Date:08/07/26
RNST scores well primarily on solid financial quality (strong cash generation and manageable leverage) and a positive earnings-call backdrop (improving profitability/efficiency and reiterated growth guidance). Technicals are supportive but somewhat capped by overbought signals, while valuation is reasonable with a mid-teens P/E and a ~2.1% dividend yield.
Positive Factors
Strong Free Cash Flow
Sustained TTM free cash flow near 92% of net income meaningfully underpins capital allocation flexibility. Durable FCF supports dividends, buybacks, loan loss absorption and organic investment, providing a persistent liquidity cushion versus peers despite prior year cash flow variability.
Negative Factors
Top-line Contraction
A substantial TTM revenue decline (~15.5%) with margin compression erodes the base for sustainable earnings. Even with recent EPS gains, persistent top-line weakness makes profitability gains fragile, limits operating leverage upside and raises sensitivity to expense or credit shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Free Cash Flow
Sustained TTM free cash flow near 92% of net income meaningfully underpins capital allocation flexibility. Durable FCF supports dividends, buybacks, loan loss absorption and organic investment, providing a persistent liquidity cushion versus peers despite prior year cash flow variability.
Read all positive factors
Renasant (RNST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.98B
Dividend Yield2.13%
Average Volume (3M)729.58K
Price to Earnings (P/E)12.8
Beta (1Y)0.94
Revenue Growth27.48%
EPS Growth31.72%
CountryUS
Employees3,000
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.36
Shares Outstanding91,404,465
10 Day Avg. Volume804,480
30 Day Avg. Volume729,583
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)0.86
Price to Sales (P/S)2.30
P/FCF Ratio13.99
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$48.00Price Target Upside10.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)3.73
Revenue Forecast (FY)$1.13B
Renasant Business Overview & Revenue Model
Company Description
Renasant Corporation (RNST) is a bank holding company whose primary subsidiary, Renasant Bank, provides financial services to retail and commercial customers. The company operates in the banking and financial services sector and offers a mix of tr...
How the Company Makes Money
Renasant primarily makes money through a combination of interest-based income and fee-based (noninterest) income. (1) Net interest income: The core earnings driver is the spread between interest earned on interest-earning assets—primarily commerci...
Renasant Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive operating performance: strong adjusted EPS growth, materially improved profitability and efficiency metrics, meaningful new account and core deposit acquisition, and solid capital positioning (including a favorable Basel III RWA outlook). Offsetting items include seasonal deposit outflows, modest NII/NIM pressure, elevated noninterest expense this quarter, CRE-dominated payoffs, and competitive pressure on loan pricing and terms. Management expects deposit seasonality to normalize, loan production to continue (mid-single-digit growth target), margins to be broadly stable in the back half, and expenses to moderate — indicating confidence in sustaining performance. Overall, the positives (earnings growth, efficiency gains, strong core deposit traction, capital) outweigh the near-term headwinds.Positive Updates
Strong Earnings Growth
Adjusted earnings per share of $0.94 in Q2, up 36% year-over-year, driven by higher core profitability and revenue generation.
Negative Updates
Quarterly Deposit Outflows (Seasonal)
Deposits declined $398 million quarter-over-quarter (a 7.2% annualized decrease), primarily due to seasonal public fund outflows; public fund balances are higher-cost and expected to reverse as seasonality normalizes.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Earnings Growth
Adjusted earnings per share of $0.94 in Q2, up 36% year-over-year, driven by higher core profitability and revenue generation.
Read all positive updates
Company Guidance
Management reiterated guidance for the back half of 2026 calling for mid‑single‑digit loan and deposit growth with a generally stable margin and improved profitability, noting Q2 adjusted EPS of $0.94 (+36% YoY), adjusted ROAA 1.30% (vs. 1.01% LY), adjusted ROTCE 16.25% (vs. 13.5% LY) and an improved efficiency ratio of 57.9% (from 67.6%); Q2 balance sheet moves included loans +$221M (4.7% annualized) and deposits -$398M (-7.2% annualized) with a pipeline up ~6–10% versus early Q2, period end spot deposit cost 1.96% (adjusted cost +2 bps), reported NIM 3.83% (adjusted 3.61%), adjusted loan yield 6.03% (-1 bp), PPNR $112M, NII $228M (-$0.8M q/q), noninterest income $51.2M (+$0.9M q/q), noninterest expense $162M (+$6.2M q/q) and an expense outlook that should moderate in Q3 and then be steady (allowing for opportunistic hiring); credit metrics included a $3.8M provision ($1.2M funded/$2.6M unfunded), net charge‑offs $2.8M and ACL/TL 1.54% (-2 bps q/q); management flagged H2 NIM tailwinds from roughly $1.2B of loans maturing at ~4.95% and $50–60M/month of securities rolling from low‑3% yields into the upper‑4s/≈5%, expects public‑fund outflows to reverse and core deposit traction (Q2 opened ~10,000 new accounts ≈$380M in new deposits, ~50% CDs; Q3 YTD >2,000 net new accounts ≈$86M), does not model a near‑term Fed move, and sees Basel III changes reducing RWA ~$1.0–1.3B (≈+55–65 bps CET1) while maintaining a CET1 target in the low‑11% range.Renasant Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
73
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.25B | 1.44B | 1.04B | 909.77M | 691.06M | 695.67M |
| Gross Profit | 733.80M | 878.39M | 653.18M | 616.19M | 606.68M | 653.15M |
| EBITDA | 176.52M | 242.94M | 277.25M | 212.42M | 254.05M | 270.18M |
| Net Income | 314.06M | 181.27M | 195.46M | 144.68M | 166.07M | 175.89M |
Balance Sheet | ||||||
| Total Assets | 27.00B | 26.75B | 18.03B | 17.36B | 16.99B | 16.81B |
| Cash, Cash Equivalents and Short-Term Investments | 881.20M | 1.07B | 1.92B | 1.72B | 2.11B | 4.26B |
| Total Debt | 1.11B | 1.06B | 538.63M | 736.98M | 1.14B | 485.16M |
| Total Liabilities | 23.13B | 22.87B | 15.36B | 15.06B | 14.85B | 14.60B |
| Stockholders Equity | 3.87B | 3.88B | 2.68B | 2.30B | 2.14B | 2.21B |
Cash Flow | ||||||
| Free Cash Flow | 377.59M | 237.75M | 115.78M | 126.92M | 559.21M | 122.14M |
| Operating Cash Flow | 425.10M | 271.47M | 129.43M | 148.55M | 574.04M | 142.66M |
| Investing Cash Flow | -946.96M | -734.02M | -298.04M | -55.40M | -2.04B | -660.00M |
| Financing Cash Flow | 24.45M | 441.24M | 459.30M | 132.21M | 167.64M | 1.76B |
Renasant Technical Analysis
Neutral
43.47
Price Trends
42.85
Positive
40.99
Positive
38.60
Positive
Market Momentum
0.14
Positive
49.10
Neutral
61.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RNST, the sentiment is Neutral. The current price of 43.47 is above the 20-day moving average (MA) of 43.46, above the 50-day MA of 42.85, and above the 200-day MA of 38.60, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 49.10 is Neutral, neither overbought nor oversold. The STOCH value of 61.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RNST.
Renasant Risk Analysis
Renasant disclosed 32 risk factors in its most recent earnings report. Renasant reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Renasant Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $5.40B | 13.44 | 9.00% | 2.36% | 56.05% | ― | |
75 Outperform | $4.06B | 15.53 | 7.66% | 2.89% | 34.13% | 25.12% | |
75 Outperform | $4.43B | 11.97 | 10.33% | 2.84% | 4.05% | 38.82% | |
73 Outperform | $3.98B | 12.83 | 8.13% | 2.12% | 27.48% | 31.72% | |
73 Outperform | $4.70B | 11.71 | 11.15% | 3.05% | 0.30% | 22.36% | |
72 Outperform | $4.39B | 13.09 | 10.04% | 0.20% | 3.11% | 205.59% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
RNST
Renasant
43.11
6.61
18.12%
FULT
Fulton Financial
24.47
6.56
36.63%
INDB
Independent Bank
86.04
21.30
32.91%
TCBI
Texas Capital Bancshares
101.09
16.91
20.09%
UCB
United Community Banks
36.63
6.35
20.95%
EBC
Eastern Bankshares
23.65
8.23
53.39%
Renasant Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Renasant Highlights Strong Q2 2026 Results and Outlook
Positive
Aug 6, 2026
Renasant Corporation plans to present its second quarter 2026 investor materials at various conferences in the third quarter of 2026, highlighting a solid performance and updated risk disclosures. The bank reported net income of $87.1 million for ...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Renasant Reports Strong Q2 2026 Earnings and Dividend Increase
Positive
Jul 28, 2026
Renasant Corporation reported that second-quarter 2026 net income rose to $87.1 million, with diluted and adjusted diluted EPS at $0.94, contributing to six-month earnings that management said were well ahead of 2025 levels. Net interest income he...
Business Operations and StrategyFinancial Disclosures
Renasant Highlights Solid Q1 2026 Results and Outlook
Positive
May 15, 2026
Renasant Corporation reported solid first-quarter 2026 results as it prepared to present to investors at various conferences in the second quarter of 2026, highlighting steady profitability and balance sheet resilience. Net income for the quarter ...
Business Operations and StrategyPrivate Placements and Financing
Renasant Issues $300 Million Subordinated Notes Offering
Positive
May 7, 2026
On May 4, 2026, Renasant Corporation entered into an underwriting agreement with Keefe, Bruyette Woods and Stephens to issue $300 million of 6.25% fixed-to-floating rate subordinated notes due 2036, with the public offering priced at par. The tra...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.