Renasant Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 04:30 pm EDT
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Renasant Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 128.01 million compared to USD 130.32 million a year ago. Net income was USD 42.33 million compared to USD 46.57 million a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to USD 0.83 a year ago.
For the nine months, net interest income was USD 394 million compared to USD 343.46 million a year ago. Net income was USD 117.05 million compared to USD 119.79 million a year ago. Basic earnings per share from continuing operations was USD 2.09 compared to USD 2.14 a year ago. Diluted earnings per share from continuing operations was USD 2.08 compared to USD 2.13 a year ago.
Renasant Corporation owns and operates Renasant Bank. The Company operates through three segments: Community Banks segment, Insurance segment and Wealth Management segment. Community Banks segment delivers a complete range of banking and financial services to individuals and to businesses of all sizes, including checking and savings accounts, business and personal loans, asset-based lending, factoring and equipment leasing, as well as safe deposit and night depository facilities. Insurance segment includes a full-service insurance agency offering all various commercial and personal insurance through various carriers. Wealth Management segment, through the Trust division, offers a range of fiduciary services, including the administration of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts and custodial accounts. Through its Financial Services division, provides fixed and variable annuities, mutual funds, and other investment services.
RENASANT CORPORATION 
