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Renasant reports record quarterly earnings

Renasant Corp. announced on Tuesday record earnings for the second quarter, $22.9 million, or 54 cents per share, compared with $15.4 million, or 48 cents per share a year earlier.

The Tupelo-based bank’s operations for the quarter that ended June 30 reflect the acquisition of KeyWorth Bank in Georgia, which was completed on April 1, according to news release.

Along with the KeyWorth acquisition, “annualized nonacquired loan growth of 21.53 percent and strong revenue growth driven from our mortgage operations were large contributing factors to our record,” Chairman and Chief Executive E. Robinson McGraw said.

The 112-year-old bank has assets of $8.5 billion and operates 175 offices in Mississippi, Tennessee, Alabama, Florida and Georgia.


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