Renasant Corporation Q3 2025 Earnings Release

Renasant Corporation announced its financial results for the third quarter of 2025, reporting a net income of $59.8 million, or $0.63 per diluted share. The company's net interest margin remained stable at 3.85%, while the adjusted net interest margin increased by 4 basis points to 3.62%. Loans grew by $462.1 million, representing a 9.9% annualized growth rate. Deposits decreased by $158.1 million, primarily due to public fund seasonality, with noninterest-bearing deposits accounting for 24.5% of total deposits. The company's loan yield decreased by 3 basis points, while the adjusted loan yield increased by 5 basis points. The cost of total deposits rose by 2 basis points to 2.14%. The allowance for credit losses on loans to total loans ratio decreased by 1 basis point to 1.56%. Nonperforming loans increased to 0.90% of total loans, up by 14 basis points. Renasant also redeemed $60.0 million in subordinated notes acquired from The First Bancshares, Inc. on October 1, 2025.