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.
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