Renasant Financials

RNST Stock  USD 37.30  0.94  2.59%   
Based on the key indicators related to Renasant's liquidity, profitability, solvency, and operating efficiency, Renasant may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Renasant's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 15.5 B in 2024, whereas Cash And Short Term Investments are likely to drop slightly above 634 M in 2024. Key indicators impacting Renasant's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.160.229
Way Down
Slightly volatile
Return On Assets0.01050.0083
Significantly Up
Slightly volatile
Return On Equity0.0960.063
Way Up
Very volatile
Debt Equity Ratio0.380.3175
Fairly Up
Pretty Stable
Operating Income110.5 M195.9 M
Way Down
Slightly volatile
Current Ratio3.493.6737
Notably Down
Slightly volatile
The essential information of the day-to-day investment outlook for Renasant includes many different criteria found on its balance sheet. An individual investor should monitor Renasant's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Renasant.

Net Income

151.91 Million

  
Understanding current and past Renasant Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Renasant's financial statements are interrelated, with each one affecting the others. For example, an increase in Renasant's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Renasant's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Renasant. Check Renasant's Beneish M Score to see the likelihood of Renasant's management manipulating its earnings.

Renasant Stock Summary

Renasant competes with Simmons First, Trustmark, Sandy Spring, Stock Yards, and ST Bancorp. Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi. Renasant Corp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 2409 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS75970E1073
CUSIP75970E107 711148106
LocationMississippi; U.S.A
Business Address209 Troy Street,
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websiteinvestors.renasant.com
Phone662 680 1001
CurrencyUSD - US Dollar

Renasant Key Financial Ratios

Renasant Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets13.4B14.9B16.8B17.0B17.4B18.2B
Net Debt441.6M(158.2M)(1.4B)564.4M(72.0M)(68.4M)
Retained Earnings617.4M615.8M741.6M857.7M952.1M999.7M
Cash414.9M633.2M1.9B576.0M801.4M841.4M
Other Assets9.0B10.3B8.3B14.0B12.8B13.4B
Total Liab11.3B475.0M14.6B14.9B15.1B15.8B
Total Current Assets1.8B2.1B4.3B1.7B1.1B1.1B
Short Term Debt480M21.3M13.9M700M300M315M
Other Liab97.7M241.5M209.6M134.3M154.4M162.1M
Accounts Payable10.2B12.1B13.9B13.5B15.5B16.3B
Long Term Debt376.5M475.0M471.2M428.1M429.4M268.6M
Inventory(422.9M)6.0M(1.9B)1.8M(979.3M)(930.3M)
Treasury Stock(24.2M)(83.2M)(101.6M)(118.0M)(106.2M)(100.9M)
Good Will611.0M932.9M939.7M1.0B991.7M504.7M
Intangible Assets90.5M93.1M113.1M84.4M18.8M17.9M
Other Current Assets422.9M10.2B1.9B(497.5M)865.8M822.5M
Other Current Liab(480M)12.1B(13.9M)12.2M7.6M7.2M
Net Tangible Assets1.1B1.2B1.2B1.1B1.3B852.6M
Net Receivables85.7M78.4M76.1M115.0M113.5M198.4M
Long Term Debt Total376.5M475.0M471.2M428.1M492.4M302.6M
Capital Surpluse1.3B1.3B1.3B1.3B1.5B898.1M

Renasant Key Income Statement Accounts

The reason investors look at the income statement is to determine what Renasant's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense98.5M71.3M44.7M60.5M278.0M291.9M
Total Revenue597.3M660.3M651.0M630.6M631.8M663.4M
Gross Profit597.3M660.3M651.0M630.6M797.3M837.2M
Operating Income216.1M103.5M222.8M271.8M195.9M110.5M
Ebit199.7M112.3M243.6M234.1M162.2M107.2M
Ebitda224.2M138.1M266.0M254.1M197.4M116.5M
Income Before Tax216.1M103.5M222.8M211.3M177.2M186.0M
Net Income167.9M83.7M175.9M166.1M144.7M151.9M
Income Tax Expense48.2M19.8M46.9M45.2M32.5M18.2M
Tax Provision48.1M19.8M46.9M45.2M41.6M34.5M
Net Interest Income443.7M426.8M424.0M481.3M531.2M437.9M
Interest Income542.6M498.1M468.7M541.8M752.0M517.2M

Renasant Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(154.2M)218.3M1.2B(1.3B)225.4M236.6M
Free Cash Flow128.7M54.0M122.1M559.2M126.9M86.0M
Depreciation8.2M34.6M47.4M42.7M35.2M37.0M
Other Non Cash Items(30.8M)(810K)(38.3M)387.3M(12.1M)(11.5M)
Dividends Paid50.9M50.1M50.0M50.0M50.3M52.8M
Capital Expenditures35.0M28.3M20.5M14.8M21.6M22.7M
Net Income167.6M83.7M175.9M166.1M144.7M151.9M
End Period Cash Flow414.9M633.2M1.9B576.0M801.4M841.4M
Investments(493.7M)(1.2B)(609.3M)(1.8B)(367.0M)(385.4M)
Net Borrowings216.0M(369.8M)(13.2M)636.4M731.8M768.4M
Change To Netincome(20.3M)9.8M(26.1M)358.8M412.6M433.2M

Renasant Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Renasant's current stock value. Our valuation model uses many indicators to compare Renasant value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Renasant competition to find correlations between indicators driving Renasant's intrinsic value. More Info.
Renasant is rated third in return on equity category among its peers. It also is rated third in return on asset category among its peers reporting about  0.14  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Renasant is roughly  7.17 . At this time, Renasant's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Renasant by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Renasant Systematic Risk

Renasant's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Renasant volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Renasant correlated with the market. If Beta is less than 0 Renasant generally moves in the opposite direction as compared to the market. If Renasant Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Renasant is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Renasant is generally in the same direction as the market. If Beta > 1 Renasant moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Renasant Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Renasant's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Renasant growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.95)

At this time, Renasant's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Renasant November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Renasant help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Renasant. We use our internally-developed statistical techniques to arrive at the intrinsic value of Renasant based on widely used predictive technical indicators. In general, we focus on analyzing Renasant Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Renasant's daily price indicators and compare them against related drivers.

Additional Tools for Renasant Stock Analysis

When running Renasant's price analysis, check to measure Renasant's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renasant is operating at the current time. Most of Renasant's value examination focuses on studying past and present price action to predict the probability of Renasant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renasant's price. Additionally, you may evaluate how the addition of Renasant to your portfolios can decrease your overall portfolio volatility.