RNST Earnings Prediction
The chart below shows how RNST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RNST sees a -3.02% change in stock price 10 days leading up to the earnings, and a +1.42% change 10 days following the report. On the earnings day itself, the stock moves by -0.30%. This data can give you a slight idea of what to expect for the next quarter's release.
RNST Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
160.90M
2.80%
3.72%
Gross Margin
--
--
--
Operating Margin
34.23%
3.48%
11.53%
Net Margin
45.03%
68.46%
79.83%
EPS
1.18
59.46%
71.01%
No Data Available
RNST Earnings Analysis
Renasant Corporation Corporation (RNST.N) Earnings Conference Call
Positive
Strong Financial Performance: Reported earnings of $72.5 million, or $1.18 per diluted share, reflecting strong financial performance.
Insurance Asset Sale Gain: Achieved an after-tax gain of $39 million from the sale of insurance agency assets, contributing $0.63 to diluted EPS.
Net Interest Income Increase: Net interest income increased by $6 million on a linked-quarter basis, driven by improved loan yields and effective cost management.
Asset Growth and Management: Total assets grew by $450 million, largely due to proceeds from capital raise and the sale of insurance agency, indicating strong asset management.
Strong Loan Growth: Loan growth in the second quarter was $23 million, with strong production and a healthy pipeline, showcasing robust operational performance.
Negative
Earnings Driven by One-Time Gains: Reported earnings were $72.5 million, or $1.18 per diluted share, which included an after-tax gain of $39 million from the sale of the assets of our insurance agency, indicating a significant reliance on one-time gains for earnings.
Quarterly Adjusted Earnings Increase: Adjusted earnings for the quarter were $43 million or $0.70 per diluted EPS compared to $0.69 in diluted EPS for the second quarter, showing a minimal increase and lack of substantial growth.
Adjusted Earnings Stagnation: Excluding one-time items, our adjusted earnings decreased from $0.69 to $0.70, indicating stagnation in core earnings performance.
Net Interest Income Trends: Net interest income increased by $6 million on a linked-quarter basis, but this was offset by rising deposit costs, which increased by 12 basis points during the quarter, reflecting pressure on margins.
Non-Interest Expense Analysis: Reported non-interest expense was $122 million for the third quarter, which represents a decrease of $2.2 million on a linked-quarter basis, but still indicates ongoing cost management challenges.
RNST FAQs
How does RNST typically perform around its earnings report dates?
Is Renasant Corporation (RNST) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
RNST Earning Call Sentiment
Renasant Corporation (RNST) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
RNST.N
-0.37%Positive
The earnings call presents mixed signals: strong financial metrics, including record earnings and increased net interest income, are offset by concerns over potential rate cuts, competitive pressures, and merger expenses. The Q&A highlights management's cautious outlook on margins and mortgage trends. The lack of a share repurchase program and unclear guidance on the acquisition timing also contribute to uncertainty. Given the company's market cap, the stock price is likely to remain relatively stable over the next two weeks, resulting in a neutral sentiment.
