Renasant Corporation reported its financial results for the first quarter of 2025, highlighting a net income of $41.5 million. The company reported diluted earnings per share $(EPS)$ of $0.65 and an adjusted diluted EPS of $0.66. The net interest margin saw an increase of 9 basis points, reaching 3.45%. Loans grew by $170.6 million, representing a 5.4% annualized increase, while deposits increased by $199.5 million. Notably, noninterest-bearing deposits rose by $137.4 million on a linked-quarter basis. The cost of total deposits decreased by 13 basis points to 2.22%, with noninterest-bearing deposits accounting for 24.0% of total deposits. The allowance for credit losses on loans to total loans ratio decreased by 1 basis point to 1.56% linked quarter. Additionally, nonperforming loans represented 0.76% of total loans, marking a decrease of 12 basis points from the previous quarter.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。