Overview

* Renasant ( RNST ) Q2 adjusted EPS beats analyst expectations, per LSEG data

* Net income impacted by merger expenses and acquisition provisions

* Net interest income rises due to merger with The First Bancshares

Outlook

* Company did not provide specific future guidance or projections

Result Drivers

* MERGER IMPACT - Merger with The First Bancshares increased net interest income and noninterest income

* CREDIT PROVISION - Day 1 acquisition provision for credit losses impacted net income

* EXPENSE INCREASE - Noninterest expenses rose due to merger-related costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $0.69 $0.63 (6

Adjusted Analysts

EPS )

Q2 EPS $0.01

Q2 Net $1.02

Income mln

Q2 Net $218.86

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Renasant Corp ( RNST ) is $41.00, about 6.2% above its July 21 closing price of $38.46

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)