From The Motley Fool · Motley Fool Transcribing · · 1m 40s
Renasant Q3 2026 Earnings Results
Renasant reports 12% EPS growth with strategic merger and deposit expansion.
In brief
Renasant reports 12% EPS growth with strategic merger and deposit expansion. Renasant's Q3 2026 earnings show 12% EPS increase and a $140 million merger with Commercial Holding Company. Originally reported by The Motley Fool.
Q3 2026 Results
Adjusted diluted EPS rose 12% to $0.86 versus 2025 Q3.
Net Income Growth
Net income increased to $78.9 million from $59.8 million in 2025 Q3.
Loan Production
Total loans grew 11.5% annualized to $19.75 billion.
Deposit Growth
Core deposits grew 8% annualized with $300 million in new customer growth.
Mortgage Banking
Mortgage banking income declined $1.9 million due to rising interest rates.
Merger Details
Merger with Commercial Holding Company valued at $140 million.
Merger Impact
Expected to be 4% accretive to EPS and 70 basis points accretive to ROTCE.
Stock Repurchases
Repurchased $42.6 million of shares at $41.05 average price.
New Repurchase Program
New $175 million stock repurchase authorization approved.
Net Interest Margin
Adjusted net interest margin at 3.58% down 3 basis points from previous quarter.
Credit Quality
Criticized loans decreased to 2.50% of total loans from 2.66% in 2025 Q2.
Provision for Credit Losses
Provision for credit losses of $13.3 million on funded and unfunded loans.
New Loan Yields
New loan yields at 6.35% in September 2026.
Cost of Deposits
Cost of deposits increased 1 basis point to 1.97%.
Efficiency Ratio
Efficiency ratio improved to 57.70% from 67.05% in 2025 Q3.
What's Next
Merger expected to close in Q1 2027 with 4% EPS accretion.
What it means
Renasant's Q3 2026 earnings show 12% EPS increase and a $140 million merger with Commercial Holding Company.
