In This Article:
Renasant (NYSE:RNST) Full Year 2024 Results
Key Financial Results
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Revenue: US$706.5m (up 14% from FY 2023).
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Net income: US$195.5m (up 35% from FY 2023).
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Profit margin: 28% (up from 24% in FY 2023). The increase in margin was driven by higher revenue.
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EPS: US$3.29 (up from US$2.58 in FY 2023).
RNST Banking Performance Indicators
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Net interest margin (NIM): 3.34% (down from 3.45% in FY 2023).
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Cost-to-income ratio: 66.3% (down from 68.3% in FY 2023).
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Non-performing loans: 0.88% (up from 0.56% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Renasant Revenues Beat Expectations
Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 3.6% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Renasant's balance sheet and an in-depth analysis of the company's financial position.
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