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Tag Archives: Renasant

Renasant reports record quarterly income

Renasant Corp. has reported record quarterly net income $25.3 million, up 10.4 percent from $22.9 million a year earlier. Earnings per share were 57 cents, compared with 54 cents for the second quarter of 2016. Renasant announced in January that it was buying Metropolitan BancGroup for $190 million in stock. The Tupelo-based bank said that acquiring Metropolitan’s $1.2 billion in ...

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Renasant income up 42.9 percent for third quarter

MBJ Staff Tupelo-based Renasant Corp. announced net income for the third quarter of 2016 was $23.2 million, or earnings per share of 55 cents, an increase of 42.9 percent from $16.2 million, or 40 cents, a year earlier. The bank said on Thursday that its balance sheet and results of operations include the impact of the its acquisition of KeyWorth Bank ...

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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 ...

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Regions, Trustmark in annual rivalry for Mississippi’s deposits

By TED CARTER Nearly one out of every three Mississippians park their money at either Regions Bank or Trustmark National Bank, a trend that goes back more than 10 years, FDIC figures show. Together, the two banks accounted for about $14 billion of the state’s total bank deposits of $49.6 billion from June 30, 2014 through June 30 of this year. ...

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BancorpSouth delays acquisitions yet again; Renasant completes Heritage takeover

Regulatory snags have once again delayed Tupelo’s BancorpSouth Inc. acquisitions of Ouachita Bancshares Corp. of Monrore, La.,  and Central Community Corp. of Temple, Tex. Meanwhile, Tupelo’s Renasant Bank has completed its takeover of  Heritage Financial Group Inc., a bank holding company headquartered in Albany, Ga. and the parent of the $1.9 billion HeritageBank of the South, a Georgia savings bank. ...

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Renasant beefs up in Georgia with $258M purchase of HeritageBank

Tupelo’s Renasant Bank continued its march through Georgia last week with a definitive agreement to acquire Albany’s $1.9 billion Heritage Financial Group Inc., parent of HeritageBank of the South, through a stock purchase. Renasant, which a couple years ago began establishing a presence in North Georgia with acquisitions in Blairsville and suburban Atlanta, will gain entry to a number of ...

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Renasant reports much higher net income after First M&F buy

TUPELO — During the second quarter of 2014, Renasant Corporation saw net income increase 85 percent to $14,853,000, or basic and diluted earnings per share (EPS) of $0.47, compared to $8,019,000, or basic and diluted EPS of $0.32, for the second quarter of 2013. The company’s balance sheet and results of operations as of and for the three months ending ...

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Renasant, BancorpSouth acquisitions seen boosting earnings per share

Analysts see bump-ups in earnings per share from growth achieved by Tupelo’s Renasant Bank through acquisition of M&F Bank of Kosciusko and growth expected by Tupelo neighbor BancorpSouth’s announced acquisitions in Texas and Louisiana. The $5.7 billion Renasant’s first full quarter with M&F was a solid one, Birmingham, Ala.-based Stern Agee reported, citing a .03 percent increase in net interest ...

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For Renasant, rejecting TARP cash provided certainty and flexibility

Just as any potential borrower looks over a loan offer and decides whether to take it, Renasant Bank closely examined the Treasury Department’s late 2008 offer of a loan to help it through a banking slump of historic proportions. Thanks, but no thanks, came the answer from the regional bank based in Tupelo. Renasant executives did not like the hardball ...

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