Renasant Corporation Announces 2012 Second Quarter Earnings

Jul 17, 2012, 17:00 ET from Renasant Corporation

TUPELO, Miss., July 17, 2012 /PRNewswire/ -- Renasant Corporation (NASDAQ: RNST) (the "Company") today announced its financial results for the second quarter of 2012.  Net income for the second quarter of 2012 was $6,345,000, or basic and diluted earnings per share of $0.25, as compared to $5,757,000, or basic and diluted earnings per share of $0.23, for the second quarter of 2011. 

"During the second quarter of 2012 we continued to execute our plan of driving improvement in key areas which should result in sustained long-term profitability.  Our second quarter financial results as compared to the same period in 2011 reflects significant growth in loans and noninterest-bearing deposits, a 22 basis point increase in net interest margin, and a 31% increase in noninterest income," commented Renasant Chairman and Chief Executive Officer, E. Robinson McGraw.  "In addition, we continued to experience significant improvement in our credit quality metrics as our nonperforming loans and nonperforming assets not covered by loss-share agreements with the FDIC decreased by 42% and 27%, respectively, as compared to the same period in 2011."

Total assets as of June 30, 2012, were approximately $4.112 billion, down slightly from December 31, 2011.  The Company's Tier 1 leverage capital ratio was 9.68%, its Tier 1 risk-based capital ratio was 13.14%, and its total risk-based capital ratio was 14.39%. The Company's tangible common equity ratio was 7.65%.  All of the Company's regulatory capital ratios continued to be in excess of the regulatory minimums required to be classified as "well-capitalized." 

Total loans, which include both loans covered and not covered under FDIC loss-share agreements, were approximately $2.682 billion at June 30, 2012, as compared to $2.563 billion at June 30, 2011, and $2.581 billion at December 31, 2011.   Loans not covered under FDIC loss-share agreements were $2.392 billion at June 30, 2012, an increase of 9.5% from June 30, 2011, and 6.7% from December 31, 2011. 

"Our annualized loan growth rate of 19.35% during the second quarter of 2012 represents one of the largest percentage increases in loans for a single quarter in the history of our company.  Furthermore, we are particularly pleased that each region within our footprint contributed to this growth, which represents our 4th consecutive quarter of net loan growth.  With the contribution of each region and the additional loan volume from our de novo operations, we expect net loan growth to remain strong in future quarters," said McGraw.

Total deposits were $3.406 billion at June 30, 2012, as compared to $3.477 billion at June 30, 2011, and $3.412 billion at December 31, 2011.  Noninterest-bearing deposits increased $81 million, or 18%, at June 30, 2012, as compared to the same period in 2011 and increased $7.3 million, or 1%, from December 31, 2011.  This continued growth in noninterest-bearing deposits, coupled with reductions in borrowed funds, reduced the Company's cost of funds 43 basis points to 0.74% for the second quarter of 2012, as compared to 1.17% for the second quarter of 2011.

Net interest income increased to $33,410,000 for the second quarter of 2012, from $32,622,000 for the second quarter of 2011.   Net interest margin was 3.98% for the second quarter of 2012, as compared to 3.76% for the second quarter of 2011.

"The current interest rate environment continues to put pressure on all financial institutions' ability to grow net interest income and net interest margin.  Despite this pressure, we have continued to increase our net interest income and net interest margin through the restructuring of our funding mix and through the deployment of cash into higher yielding alternatives," stated McGraw.

Noninterest income was $16,238,000, up 30.7%, for the second quarter of 2012, as compared to $12,423,000 for the second quarter of 2011.  Contributing to this year-over-year increase in noninterest income was strong growth in mortgage production and an increase in wealth management income primarily due to the additional revenue from the trust acquisition in the third quarter of 2011.  Also in the Company's second quarter 2012 noninterest income was a gain of $869,000 resulting from the sale of securities, as compared to a loss of $258,000 in the second quarter of 2011.  The Company sold securities in the second quarter of 2012 because the effective yield had significantly declined as a result of accelerated prepayments.  The proceeds from the sale of these securities were primarily deployed to fund the Company's loan growth. 

Noninterest expense was $36,710,000 for the second quarter of 2012, as compared to $31,644,000 for the second quarter of 2011.  This increase in noninterest expense during the second quarter of 2012, as compared to the second quarter of 2011, is primarily attributable to the additional personnel and facilities costs from the recent de novo branching activities, the previously-disclosed trust acquisition, expenses related to mortgage production, and higher health insurance costs.

The Company's loans and other real estate owned acquired in FDIC-assisted transactions are recorded at fair value.  Furthermore, the loss-share agreements with the FDIC, as well as adjustments to the balances of these acquired assets to record them at fair value, mitigate the impact of further losses on these assets.  Nonperforming loans and other real estate owned covered under loss-share agreements totaled $65.6 million and $37.9 million, respectively, at June 30, 2012, combining for a decrease of approximately 31% in nonperforming assets subject to FDIC loss-share agreements from June 30, 2011, and a decrease of approximately 22% from December 31, 2011.  The remaining information in this release on nonperforming loans, other real estate owned, and the related asset quality ratios exclude the assets covered under loss-share agreements.

Nonperforming loans declined to $29.9 million at June 30, 2012, as compared to $51.9 million at June 30, 2011, and $34.9 million at December 31, 2011.  Loans 30 to 89 days past due as a percentage of total loans were 0.60% as of June 30, 2012, as compared to 0.80% as of June 30, 2011, and 0.71% as of December 31, 2011.

The Company's coverage ratio, or its allowance for loan losses as a percentage of nonperforming loans, was 149.45% as of June 30, 2012, as compared to 91.52% as of June 30, 2011, and 127.00% as of December 31, 2011.   

The Company recorded a provision for loan losses of $4,700,000 for the second quarter of 2012, as compared to $5,350,000 for the second quarter of 2011.  Annualized net charge-offs as a percentage of average loans were 0.62% for the second quarter of 2012, as compared to 0.82% for the second quarter of 2011, and 1.56% for the fourth quarter of 2011.  The allowance for loan losses as a percentage of loans was 1.87% at June 30, 2012, as compared to 2.18% at June 30, 2011, and 1.98% at December 31, 2011. 

Other real estate owned was $58.4 million at June 30, 2012, as compared to $68.4 million at June 30, 2011, and $70.1 million at December 31, 2011.  During the second quarter, the Company sold a total of approximately $7.3 million in other real estate owned and currently has approximately $8.4 million under contract to sell during the third quarter of 2012. 

"We continued to capitalize on opportunities in new markets as we entered into the Eastern Tennessee banking market via de novo branching and broke ground on our new Starkville, Mississippi location during the second quarter of 2012," stated McGraw.  "Overall, the positive trends we are experiencing in loan growth, change in our funding mix, increases in net interest income and margin, increases in mortgage revenue, as well as a decrease in non-performing assets, have us well positioned for what we believe will be a strong second half of 2012."

CONFERENCE CALL INFORMATION:

A live audio webcast of a conference call with analysts will be available beginning at 10:00 AM Eastern on Wednesday, July 18, 2012.

The webcast can be accessed through Renasant's investor relations website at www.renasant.com or https://services.choruscall.com/links/rnst120718.html.  To access the conference via telephone, dial 1-877-317-6789 in the United States and request the Renasant Corporation Second Quarter 2012 Earnings Webcast and Conference Call.  International participants should dial 1-412-317-6789 to access the conference call.

The webcast will be archived on www.renasant.com beginning one hour after the call and will remain accessible for one year.  Replays can also be accessed via telephone by dialing 1-877-344-7529 in the United States and entering conference number 10016155 or by dialing 1-412-317-0088 internationally and entering the conference number.  Telephone replay access is available until 9:00 AM Eastern on July 18, 2013.

ABOUT RENASANT CORPORATION:

Renasant Corporation, a 108-year-old financial services institution, is the parent of Renasant Bank and Renasant Insurance.  Renasant has assets of approximately $4.1 billion and operates over 75 banking, mortgage, financial services and insurance offices in Mississippi, Tennessee, Alabama and Georgia.

NOTE TO INVESTORS:

This news release may contain, or incorporate by reference, statements which may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Such forward looking statements usually include words such as "expects," "projects," "anticipates," "believes," "intends," "estimates," "strategy," "plan," "potential," "possible" and other similar expressions. 

Prospective investors are cautioned that any such forward-looking statements are not guarantees for future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.  Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include significant fluctuations in interest rates, inflation, economic recession, significant changes in the federal and state legal and regulatory environment, significant underperformance in our portfolio of outstanding loans, and competition in our markets. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

Contacts:   

For Media:                    

For Financials:            

John Oxford                    

Stuart Johnson

Vice President                 

Senior Executive Vice President       

Director of External Affairs       

Treasurer

(662) 680-1219                 

(662) 680-1472

joxford@renasant.com                  

stuartj@renasant.com

 

RENASANT CORPORATION

(Unaudited)

(Dollars in thousands, except per share data)

Q2 2012 -

For the Six Months

2012

2011

Q2 2011

Ended June 30,

Second

First

Fourth

Third

Second

First

Percent

Percent

Statement of earnings

Quarter

Quarter

Quarter

Quarter

Quarter

Quarter

Variance

2012

2011

Variance

Interest income - taxable equivalent basis

$          41,487

$          42,001

$          42,430

$          43,432

$          45,291

$          45,371

(8.40)

$          83,488

$          90,662

(7.91)

Interest income 

$          39,978

$          40,505

$          40,970

$          41,930

$          43,775

$          43,803

(8.67)

$          80,483

$          87,578

(8.10)

Interest expense

6,568

7,662

8,475

9,066

11,153

12,707

(41.11)

14,230

23,860

(40.36)

Net interest income

33,410

32,843

32,495

32,864

32,622

31,096

2.42

66,253

63,718

3.98

Provision for loan losses

4,700

4,800

6,000

5,500

5,350

5,500

(12.15)

9,500

10,850

(12.44)

Net interest income after provision

28,710

28,043

26,495

27,364

27,272

25,596

5.27

56,753

52,868

7.35

Service charges on deposit accounts

4,495

4,525

4,527

4,797

5,082

4,880

(11.55)

9,020

9,962

(9.46)

Fees and commissions on loans and deposits

4,322

3,928

3,794

3,354

3,147

2,964

37.34

8,250

6,111

35.00

Insurance commissions and fees

842

898

812

847

783

832

7.54

1,740

1,615

7.74

Wealth management revenue

1,551

1,942

1,526

1,145

1,140

1,057

36.05

3,493

2,197

58.99

Securities gains (losses) 

869

904

-

5,041

(258)

12

(436.82)

1,773

(246)

(820.73)

Gain on sale of mortgage loans

2,390

1,281

662

1,371

949

1,151

151.84

3,671

2,100

74.81

Gain on acquisition

-

-

-

570

-

8,774

-

-

8,774

(100.00)

Other

1,769

2,909

1,686

1,318

1,580

1,365

11.96

4,678

2,945

58.85

Total noninterest income

16,238

16,387

13,007

18,443

12,423

21,035

30.71

32,625

33,458

(2.49)

 . 

Salaries and employee benefits

19,871

18,649

16,232

17,493

16,173

16,237

22.87

38,520

32,410

18.85

Occupancy and equipment

3,582

3,615

3,522

3,434

3,357

3,218

6.70

7,197

6,575

9.46

Data processing

2,211

2,040

1,925

1,927

1,657

1,788

33.43

4,251

3,445

23.40

Debt extinguishment penalty

-

898

-

-

-

1,903

-

898

1,903

(52.81)

Merger-related expenses

-

-

-

326

-

1,325

-

-

1,325

(100.00)

Other real estate

3,370

3,999

3,357

6,336

2,122

3,511

58.81

7,369

5,633

30.82

Amortization of intangibles

349

358

366

351

510

515

(31.57)

707

1,025

(31.02)

Other

7,327

7,062

6,962

7,092

7,825

7,496

(6.36)

14,389

15,321

(6.08)

Total noninterest expense

36,710

36,621

32,364

36,959

31,644

35,993

16.01

73,331

67,637

8.42

Income before income taxes

8,238

7,809

7,138

8,848

8,051

10,638

(22.56)

16,047

18,689

(14.14)

Income taxes

1,893

1,835

1,348

2,316

2,294

3,085

(17.48)

3,728

5,379

(30.69)

Net income 

$            6,345

$            5,974

$            5,790

$            6,532

$            5,757

$            7,553

10.21

$          12,319

$          13,310

(7.45)

Basic earnings per share

$              0.25

$              0.24

$              0.23

$              0.26

$              0.23

$              0.30

8.70

$              0.49

$              0.53

(7.55)

Diluted earnings per share

0.25

0.24

0.23

0.26

0.23

0.30

8.70

0.49

0.53

(7.55)

Average basic shares outstanding

25,110,709

25,078,996

25,061,122

25,061,068

25,059,081

25,052,126

0.21

25,094,852

25,055,623

0.16

Average diluted shares outstanding

25,149,360

25,138,213

25,183,114

25,180,923

25,182,503

25,172,410

(0.13)

25,144,134

25,183,215

(0.16)

Common shares outstanding

25,113,894

25,105,732

25,066,068

25,061,068

25,061,068

25,056,431

0.21

25,113,894

25,061,068

0.21

Cash dividend per common share

$              0.17

$              0.17

$              0.17

$              0.17

$              0.17

$              0.17

-

$              0.34

$              0.34

-

Performance ratios

Return on average shareholders' equity

5.19%

4.88%

4.71%

5.36%

4.84%

6.51%

5.03%

5.67%

Return on average shareholders' equity, excluding

   amortization expense

5.36%

5.06%

4.89%

5.54%

5.11%

6.78%

5.21%

5.94%

Return on average assets

0.62%

0.57%

0.55%

0.63%

0.54%

0.69%

0.59%

0.62%

Return on average assets, excluding amortization expense

0.64%

0.59%

0.57%

0.65%

0.57%

0.72%

0.61%

0.65%

Net interest margin (FTE)

3.98%

3.85%

3.84%

3.92%

3.76%

3.55%

3.92%

3.65%

Yield on earning assets (FTE)

4.73%

4.71%

4.80%

4.96%

4.99%

4.93%

4.72%

4.96%

Cost of funding

0.74%

0.84%

0.92%

0.99%

1.17%

1.31%

0.79%

1.25%

Average earning assets to average assets

85.39%

84.88%

84.22%

83.95%

84.75%

84.16%

85.13%

84.66%

Average loans to average deposits

76.89%

75.45%

75.83%

76.23%

72.47%

70.20%

76.17%

71.48%

Noninterest income (less securities gains/

losses) to average assets

1.50%

1.47%

1.24%

1.28%

1.18%

1.93%

1.49%

1.56%

Noninterest expense to average assets

3.58%

3.49%

3.08%

3.54%

2.96%

3.30%

3.53%

3.13%

Net overhead ratio

2.08%

2.01%

1.84%

2.26%

1.77%

1.37%

2.05%

1.57%

Efficiency ratio (FTE)

71.76%

72.19%

68.92%

69.99%

67.96%

67.03%

71.98%

67.46%

 

RENASANT CORPORATION

(Unaudited)

(Dollars in thousands, except per share data)

Q2 2012 -

For the Six Months

2012

2011

Q2 2011

Ended June 30,

Second

First

Fourth

Third

Second

First

Percent

Percent

Average balances

Quarter

Quarter

Quarter

Quarter

Quarter

Quarter

Variance

2012

2011

Variance

Total assets

$     4,123,373

$     4,222,376

$     4,172,518

$     4,142,851

$     4,294,530

$     4,423,088

(3.99)

$     4,172,848

$     4,355,810

(4.20)

Earning assets

3,521,099

3,583,957

3,514,110

3,478,054

3,639,696

3,722,419

(3.26)

3,552,528

3,687,507

(3.66)

Securities

793,353

813,826

745,398

796,957

863,735

881,808

(8.15)

803,589

872,701

(7.92)

Loans, net of unearned

2,647,321

2,614,000

2,594,820

2,577,539

2,575,890

2,556,572

2.77

2,630,660

2,572,980

2.24

Intangibles

191,788

192,429

192,611

191,574

191,320

191,740

0.24

191,964

191,529

0.23

Noninterest-bearing deposits

$        531,209

$        534,867

$        523,807

$        480,699

$        468,170

$        476,115

13.46

$        533,038

$        472,116

12.90

Interest-bearing deposits

2,886,878

2,897,750

2,854,146

2,880,248

3,072,809

3,148,481

(6.05)

2,892,314

3,110,450

(7.01)

Total deposits

3,418,087

3,432,617

3,377,953

3,360,947

3,540,979

3,624,596

(3.47)

3,425,352

3,582,566

(4.39)

Borrowed funds

168,856

238,937

260,672

259,387

261,060

290,201

(35.32)

203,897

275,550

(26.00)

Shareholders' equity

492,164

492,092

487,752

483,121

476,896

470,875

3.20

492,164

473,541

3.93

Asset quality data

Assets not subject to loss share:

Nonaccrual loans

$          26,099

$          26,999

$          31,154

$          40,363

$          42,331

$          46,406

(38.35)

$          26,099

$          42,331

(38.35)

Loans 90 past due or more

3,864

3,435

3,760

8,674

9,646

10,839

(59.94)

3,864

9,646

(59.94)

Nonperforming loans not subject to loss share

29,963

30,434

34,914

49,037

51,977

57,245

(42.35)

29,963

51,977

(42.35)

Other real estate owned

58,384

64,931

70,079

72,765

68,384

71,415

(14.62)

58,384

68,384

(14.62)

Nonperforming assets not subject to loss share

$          88,347

$          95,365

$        104,993

$        121,802

$        120,361

$        128,660

(26.60)

$          88,347

$        120,361

(26.60)

Assets subject to loss share:

Nonaccrual loans

$          65,386

$          78,418

$          88,034

$          84,426

$          78,780

$          78,909

(17.00)

$          65,386

$          78,780

(17.00)

Loans 90 past due or more

199

1,397

1,134

12,222

10,619

7,817

(98.13)

199

10,619

(98.13)

Nonperforming loans subject to loss share

65,585

79,815

89,168

96,648

89,399

86,726

(26.64)

65,585

89,399

(26.64)

Other real estate owned

37,951

35,461

43,156

44,021

59,802

59,036

(36.54)

37,951

59,802

(36.54)

Nonperforming assets subject to loss share

$        103,536

$        115,276

$        132,324

$        140,669

$        149,201

$        145,762

(30.61)

$        103,536

$        149,201

(30.61)

Net loan charge-offs

$            4,097

$            4,964

$          10,192

$            4,539

$            5,284

$            3,410

(22.46)

$            9,061

$            8,694

4.22

Allowance for loan losses

44,779

44,176

44,340

48,532

47,571

47,505

(5.87)

44,779

47,571

(5.87)

Nonperforming loans / total loans* 

1.25%

1.33%

1.56%

2.22%

2.38%

2.61%

1.25%

2.38%

Nonperforming assets / total assets*

2.15%

2.28%

2.50%

2.94%

2.83%

2.91%

2.15%

2.83%

Allowance for loan losses / total loans*

1.87%

1.94%

1.98%

2.20%

2.18%

2.17%

1.87%

2.18%

Allowance for loan losses / nonperforming loans*

149.45%

145.15%

127.00%

98.97%

91.52%

82.99%

149.45%

91.52%

Annualized net loan charge-offs / average loans*

0.62%

0.76%

1.56%

0.70%

0.82%

0.54%

0.69%

0.68%

Balances at period end

Total assets

$     4,112,377

$     4,176,490

$     4,202,008

$     4,136,474

$     4,259,200

$     4,422,164

(3.45)

$     4,112,377

$     4,259,200

(3.45)

Earning assets

3,510,654

3,551,252

3,528,980

3,480,982

3,585,441

3,724,108

(2.09)

3,510,654

3,585,441

(2.09)

Securities

676,721

834,419

796,341

718,881

833,710

880,382

(18.83)

676,721

833,710

(18.83)

Mortgage loans held for sale

25,386

25,216

28,222

24,739

11,511

9,399

120.54

25,386

11,511

120.54

Loans not subject to loss share

2,392,349

2,281,957

2,241,622

2,204,955

2,185,490

2,190,376

9.47

2,392,349

2,185,490

9.47

Loans subject to loss share

289,685

318,089

339,462

359,813

377,149

386,811

(23.19)

289,685

377,149

(23.19)

Total loans

2,682,034

2,600,046

2,581,084

2,564,768

2,562,639

2,577,187

4.66

2,682,034

2,562,639

4.66

Intangibles

191,618

191,968

192,326

192,755

191,086

191,581

0.28

191,618

191,086

0.28

Noninterest-bearing deposits

$        539,237

$        535,955

$        531,910

$        493,130

$        458,686

$        486,676

17.56

$        539,237

$        458,686

17.56

Interest-bearing deposits

2,866,959

2,937,211

2,880,327

2,849,225

3,018,733

3,158,198

(5.03)

2,866,959

3,018,733

(5.03)

Total deposits

3,406,196

3,473,166

3,412,237

3,342,355

3,477,419

3,644,874

(2.05)

3,406,196

3,477,419

(2.05)

Borrowed funds

169,979

171,753

254,709

262,569

263,067

260,149

(35.39)

169,979

263,067

(35.39)

Shareholders' equity

491,534

489,611

487,202

487,401

480,135

473,354

2.37

491,534

480,135

2.37

Market value per common share

$            15.71

$            16.28

$            15.00

$            12.73

$            14.49

$            16.98

8.42

$            15.71

$            14.49

8.42

Book value per common share

19.57

19.50

19.44

19.45

19.16

18.89

2.16

19.57

19.16

2.16

Tangible book value per common share

11.94

11.86

11.76

11.76

11.53

11.25

3.54

11.94

11.53

3.54

Shareholders' equity to assets (actual)

11.95%

11.72%

11.59%

11.78%

11.27%

10.70%

11.95%

11.27%

Tangible capital ratio

7.65%

7.47%

7.35%

7.47%

7.11%

6.66%

7.65%

7.11%

Leverage ratio

9.68%

9.38%

9.44%

9.48%

9.10%

8.77%

9.68%

9.10%

Tier 1 risk-based capital ratio

13.14%

13.32%

13.32%

13.63%

13.58%

13.59%

13.14%

13.58%

Total risk-based capital ratio

14.39%

14.58%

14.58%

14.89%

14.83%

14.84%

14.39%

14.83%

*Based on assets not subject to loss share

RENASANT CORPORATION

(Unaudited)

(Dollars in thousands, except per share data)

Q2 2012 -

For the Six Months

2012

2011

Q2 2011

Ended June 30,

Second

First

Fourth

Third

Second

First

Percent

Percent

Loans not subject to loss share by category

Quarter

Quarter

Quarter

Quarter

Quarter

Quarter

Variance

2012

2011

Variance

Commercial, financial, agricultural

$        280,515

$        263,720

$        260,288

$        247,950

$        243,343

$        250,889

15.28

$        280,515

$        243,343

15.28

Lease financing

245

302

328

350

393

458

(37.66)

245

393

(37.66)

Real estate - construction

73,109

67,223

74,159

75,690

77,224

71,559

(5.33)

73,109

77,224

(5.33)

Real estate - 1-4 family mortgages

771,161

738,765

716,704

712,871

720,451

730,860

7.04

771,161

720,451

7.04

Real estate - commercial mortgages

1,208,057

1,153,423

1,130,143

1,106,037

1,081,801

1,073,561

11.67

1,208,057

1,081,801

11.67

Installment loans to individuals

59,262

58,524

60,000

62,057

62,278

63,049

(4.84)

59,262

62,278

(4.84)

Loans, net of unearned

$     2,392,349

$     2,281,957

$     2,241,622

$     2,204,955

$     2,185,490

$     2,190,376

9.47

$     2,392,349

$     2,185,490

9.47

Loans subject to loss share by category

Commercial, financial, agricultural

$          12,758

$          15,206

$          17,803

$          19,196

$          24,233

$          22,964

(47.35)

$          12,758

$          24,233

(47.35)

Lease financing

-

-

-

-

-

-

-

-

-

-

Real estate - construction

6,093

6,202

7,076

10,811

10,318

13,847

(40.95)

6,093

10,318

(40.95)

Real estate - 1-4 family mortgages

91,605

99,769

107,923

114,228

119,508

123,770

(23.35)

91,605

119,508

(23.35)

Real estate - commercial mortgages

179,160

196,754

206,492

215,370

222,876

226,038

(19.61)

179,160

222,876

(19.61)

Installment loans to individuals

69

158

168

208

214

192

(67.76)

69

214

(67.76)

Loans, net of unearned

$        289,685

$        318,089

$        339,462

$        359,813

$        377,149

$        386,811

(23.19)

$        289,685

$        377,149

(23.19)

 

 

 

SOURCE Renasant Corporation



RELATED LINKS

http://www.renasantbank.com