RENASANT CORP RNST
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."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.26B | $887.8M | $797.3M | $541.8M | $468.7M | $498.1M | $542.6M | $461.9M | $374.8M | $329.1M |
| Interest expense | $804.0M | $512.2M | $519.3M | $481.3M | $44.7M | $71.3M | $98.9M | $65.3M | $37.9M | $28.1M |
| Pre-tax income | $226.7M | $245.0M | $177.2M | $211.3M | $222.8M | $103.5M | $215.7M | $188.6M | $159.9M | $135.8M |
| Income tax | $45.5M | $49.5M | $32.5M | $45.2M | $46.9M | $19.8M | $48.1M | $41.7M | $67.7M | $44.8M |
| Net income | $181.3M | $195.5M | $144.7M | $166.1M | $175.9M | $83.7M | $167.6M | $146.9M | $92.2M | $90.9M |
| EPS, basic | 2.09 | 3.29 | 2.58 | 2.97 | 3.13 | 1.49 | 2.89 | 2.80 | 1.97 | 2.18 |
| EPS, diluted | 2.07 | 3.27 | 2.56 | 2.95 | 3.12 | 1.48 | 2.88 | 2.79 | 1.96 | 2.17 |
| Shares, diluted (wtd. avg.) | $87.5M | $59.7M | $56.4M | $56.2M | $56.4M | $56.5M | $58.2M | $52.6M | $47.0M | $42.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.07B | $1.09B | $801.4M | $576.0M | $1.88B | $633.2M | $414.9M | $569.1M | $281.5M | $306.2M |
| Property, plant and equipment | — | — | — | $283.6M | $293.1M | $300.5M | $309.7M | $209.2M | $183.3M | $179.2M |
| Goodwill | $1.41B | $988.9M | $991.7M | $991.7M | $939.7M | $939.7M | $939.7M | $932.9M | $611.0M | $470.5M |
| Other intangibles | $146.6M | $14.1M | $18.8M | $24.2M | $24.1M | $30.1M | $37.3M | $44.9M | $24.5M | $24.1M |
| Total assets | $26.75B | $18.03B | $17.36B | $16.99B | $16.81B | $14.93B | $13.40B | $12.93B | $9.83B | $8.70B |
| Short-term debt | $555.8M | $108.0M | $307.6M | $712.2M | $13.9M | $21.3M | $489.1M | $387.7M | $89.8M | $109.7M |
| Long-term debt | $499.8M | $430.6M | $429.4M | $428.1M | $471.2M | $475.0M | $376.5M | $263.6M | $207.5M | $202.5M |
| Total liabilities | $22.87B | $15.36B | $15.06B | $14.85B | $14.60B | $12.80B | $11.27B | $10.89B | $8.31B | $7.47B |
| Retained earnings | $1.20B | $1.09B | $952.1M | $857.7M | $741.6M | $615.8M | $617.4M | $500.7M | $397.4M | $337.5M |
| Total equity | $3.88B | $2.68B | $2.30B | $2.14B | $2.21B | $2.13B | $2.13B | $2.04B | $1.51B | $1.23B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $271.5M | $106.4M | $148.6M | $574.0M | $142.7M | $82.2M | $163.6M | $82.1M | $207.0M | $163.8M |
| Depreciation and amortisation | $16.2M | $32.3M | $35.2M | $42.7M | $47.4M | $34.6M | $8.2M | $3.5M | $4.8M | $3.1M |
| Stock-based compensation | $17.7M | $13.9M | $13.7M | $11.5M | $10.1M | $10.6M | $10.2M | $7.3M | $5.3M | $3.1M |
| Capital expenditure | $33.7M | $13.6M | $21.6M | $14.8M | $20.5M | $28.3M | $35.0M | $22.4M | $13.0M | $13.6M |
| Investing cash flow | -$734.0M | -$275.0M | -$55.4M | -$2.04B | -$660.0M | -$1.27B | -$505.9M | -$503.3M | $69.7M | -$352.0M |
| Financing cash flow | $441.2M | $459.3M | $132.2M | $167.6M | $1.76B | $1.40B | $188.1M | $708.8M | -$301.5M | $282.8M |
| Dividends paid | $78.6M | $53.7M | $50.3M | $50.0M | $50.0M | $50.1M | $50.9M | $43.6M | $34.4M | $29.7M |
| Buybacks | $13.3M | $0 | $0 | $0 | $21.3M | $24.6M | $62.9M | $7.1M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000715072-26-000063.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |