FKnol.com

Financial Knowledge & Information Portal

Renasant (RNST) Company Profile

Updated Sep 9, 2019
Renasant has the following business profile:
Company's Full Name:Renasant Corporation
Short Name:Renasant
Trading Ticker Symbol:RNST
Primary Exchange:NASDAQ
Headquarter City/Country:Mississippi, MS
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Renasant

The following details were available for trading and market data about the stock of Renasant as of writing:
Current Share Price:$34.15
Previous Year's Closing Price:$30.18
Percentage Price Change (YTD):13.15%
Market Cap:$1.99 billion
52-week Price Range:$28.02 - $45.66
Dividend Per Share:$0.84
EPS (TTM):2.94
Price-Earnings (Trailing):11.62
Price-Earnings (Forward):11.2

Company Profile and Business Description for Renasant

Renasant Corporation, incorporated on November 10, 1982, is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc. (Renasant Insurance). The Company's segments include Community Banks, Insurance, Wealth Management and Other. The Community Banks segment delivers a range of banking and financial services to individuals and small to medium-sized businesses, including checking and savings accounts, business and personal loans, equipment leasing, as well as safe deposit and night depository facilities. The Insurance segment includes a full service insurance agency offering all lines of commercial and personal insurance through major carriers. The Wealth Management segment offers a range of fiduciary services, which includes the administration and management of trust accounts, including personal and corporate benefit accounts, self-directed Individual Retirement Accounts (IRA's), and custodial accounts. In addition, the Wealth Management segment offers annuities, mutual funds and other investment services through a third-party broker-dealer. The Bank has its operations in Mississippi, Tennessee, Alabama, Florida and Georgia. Renasant Insurance has its operations in Mississippi. Renasant Insurance is a subsidiary of the Bank.

Lending Activities

The Company provides commercial, financial and agricultural loans (commercial loans), real estate one- to four-family mortgage loan, real estate-commercial mortgage loan, real estate-construction loan, installment loans to individuals and equipment financing and leasing. It uses commercial loan credit scoring models for smaller level commercial loans. It offers both first and second mortgages on residential real estate. It also offers loans for the preparation of residential real property prior to construction. In addition, it offers home equity lines of credit and term loans secured by first and second mortgages on the residences of borrowers for purchases, refinances, home improvements, education and other personal expenditures. Its construction loan portfolio consists of loans for the construction of single family residential properties, multi-family properties and commercial projects. It offers loans in which the owner develops a property where the source of repayment of the loan will come from the sale or lease of the developed property, for example, retail shopping centers, hotels, storage facilities and nursing homes, among others. It also offers commercial real estate loans to developers of commercial properties for purposes of site acquisition and preparation and other development prior to actual construction. As of December 31, 2015, the Bank's net loans amounted to $5.3 billion.

Investment Activities

The Company's investment securities portfolio include obligations of other the United States Government agencies and corporations; Obligations of states and political subdivisions; mortgage-backed securities; Trust preferred securities; Other debt securities, and Other equity securities. The mortgage-backed securities and collateralized mortgage obligations (CMOs) held in the Company's investment portfolio are primarily issued by government sponsored entities. As of December 31, 2015, the Bank's total securities held to maturity amounted to $473.7 million and total securities available for sale amounted to $646.8 million.

Sources of Fund

The Company offers a range of deposit services and products to its consumer and commercial clients. Through its community branch networks, it offers consumer checking accounts with online and mobile banking, which includes bill pay and transfer features, interest bearing checking, money market accounts, savings accounts, certificates of deposit, individual retirement accounts and health savings accounts. For its commercial clients, it offers a suite of cash management products, which include remote deposit capture, electronic statements, positive pay, automated clearing house (ACH) origination and wire transfer, wholesale and retail lockbox, investment sweep accounts, enhanced business Internet banking, outbound data exchange and multi-bank reporting. Its deposits include noninterest-bearing deposits, interest-bearing demand deposits, savings deposits and time deposits. As of December 31, 2015, the Bank's total deposits amounted to $6.2 billion.

209 Troy St

Peer / Competitor Companies of Major Banks Sector

Along with Renasant Corporation, the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile  and Dividend History.

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile  and Dividend History.

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile  and Dividend History.

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRVP): ....See Detailed Company Profile  and Dividend History.

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile  and Dividend History.

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile  and Dividend History.

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile  and Dividend History.

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile  and Dividend History.

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile  and Dividend History.

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile  and Dividend History.

▶ BancFirst (BANFP): ....See Detailed Company Profile  and Dividend History.

▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile  and Dividend History.

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile  and Dividend History.

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile  and Dividend History.

... See Full List of All Stocks of Major Banks Sector.

Stock List of Other Finance Sub-sectors

▶ Stocks of Sector

▶ Stocks of Accident and Health Insurance Sector

▶ Stocks of Banks Sector

▶ Stocks of Business Services Sector

▶ Stocks of Commercial Banks Sector

▶ Stocks of Commercial Leasing Sector

▶ Stocks of Commercial REITs - NEC Sector

▶ Stocks of Consumer Finance Services Sector

▶ Stocks of Consumer Lending - NEC Sector

▶ Stocks of Diversified Commercial Services Sector

▶ Stocks of Diversified Financial Services Sector

▶ Stocks of Finance Companies Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Insurance Sector

▶ Stocks of Investment Bankers and Brokers Sector

▶ Stocks of Investment Funds Sector

▶ Stocks of Investment Managers Sector

▶ Stocks of Investors Services Sector

▶ Stocks of Life Insurance Sector

▶ Stocks of Major Banks Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Mortgage REITs Sector

▶ Stocks of Multiline Insurance and Brokers-NEC Sector

▶ Stocks of Office REITs Sector

▶ Stocks of Private Equity Sector

▶ Stocks of Property and Casualty Insurance-NEC Sector

▶ Stocks of Property Insurance Sector

▶ Stocks of Property-Casualty Insurers Sector

▶ Stocks of Real Estate Sector

▶ Stocks of REITs Sector

▶ Stocks of Savings Institutions Sector

▶ Stocks of Specialized REITs - NEC Sector

▶ Stocks of Specialty Insurers Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector