**Renasant Corporation Reports Financial Results for 2025, Cites Merger Impact**
Renasant Corporation (RNST) reported net income of $181.3 million for the fiscal year 2025, a decrease from $195.5 million in 2024. Basic earnings per share were $2.09, while diluted earnings per share reached $2.07, compared to $3.29 and $3.27, respectively, in the previous year. The company's financial performance was significantly influenced by its merger with The First Bancshares, Inc., which closed on April 1, 2025, adding $7.6 billion in assets, $5.2 billion in loans, and $6.4 billion in deposits.
The merger also led to strategic balance sheet adjustments, including the redemption of $60 million in subordinated notes assumed from The First. Renasant repurchased 388,940 shares of its common stock at an average price of $34.29 during the fourth quarter of 2025. Net interest income increased to $804 million, up from $512.2 million in 2024, driven by the expanded loan portfolio and organic loan growth. However, the provision for credit losses on loans increased substantially to $107.5 million, reflecting the Day 1 provision from the merger and overall loan growth.
Noninterest income decreased to $181.9 million from $203.7 million, primarily due to the absence of a gain on the sale of Renasant Insurance, Inc., which boosted 2024 figures. Noninterest expense rose to $651.7 million, compared to $461.6 million in the prior year, due to increased operational costs and merger-related expenses. At year-end, loans held for investment totaled $19.0 billion, and deposits reached $21.5 billion. The company also identified a material weakness in its internal control over financial reporting related to the manual journal entry process, which it is actively working to remediate.
Looking ahead, Renasant is focused on integrating the operations of The First, managing credit risk, and improving operational efficiency. The company is also navigating a changing regulatory landscape and technological advancements, including the increasing importance of cybersecurity and the development of artificial intelligence. Management believes that successful execution of its strategic plan will drive long-term value for employees, clients, and shareholders.
About RENASANT CORP
Renasant Corporation is a Mississippi-based financial services company operating community banks, offering personal and business banking, loans, treasury management, and wealth management services. Its core business includes commercial, real estate, consumer, and equipment financing. Serving primarily Southeast markets, it emphasizes quality, local decision-making, and diversified revenue streams, with a focus on organic growth, technological enhancement, and strategic acquisitions.
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