Renasant CorpRNST

NYSEFinanceState Commercial Banks
Price (close)
$40.05
Market cap
$3.7B
P/E
11.7x
Revenue (TTM)
$1.1B
Net income
$314.1M
Dividend yield
2.35%
1-year total return
10.3%
Net margin
28.7%
Revenue growth
32.8%
Debt / equity
0.29x

What Renasant Corp does.

Renasant Corporation, a Mississippi corporation incorporated in 1982. It owns and operates Renasant Bank, a Mississippi banking corporation with operations throughout the Southeast, and also owns and operates Park Place Capital Corporation, a Tennessee corporation and registered investment advisor with operations across our footprint. Renasant Bank, in turn, owns and operates Continental Republic Capital, LLC (doing business as “Republic Business Credit”), a Louisiana limited liability company offering factoring and asset-based lending on a nationwide basis, while Park Place Capital Corporation, in turn, owns and operates Park Place Capital Securities Corporation, a Delaware corporation and registered broker-dealer. Renasant Bank also owns Renasant Insurance, Inc., a Mississippi corporation, which was engaged in the insurance agency business until Renasant Bank’s sale of substantially all of the assets of Renasant Insurance, Inc. on July 1, 2024. More information about this transaction can be found in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations. In this Annual Report, Renasant Bank is sometimes referred to as the “Bank,” while Park Place Capital Corporation is referred to as “Park Place Capital,” and Continental Republic Capital, LLC is referred to as “Republic Business Credit.”

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$662.3M$651.0M$630.6M$632.4M$715.9M$985.8M
Net income$83.7M$175.9M$166.1M$144.7M$195.5M$181.3M
Free cash flow$54.0M$122.1M$559.2M$126.9M$92.8M$237.8M

More on RNST.

Figures from Renasant Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.