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Renasant: 3Q Earnings Snapshot

TUPELO, Miss. (AP) _ Renasant Corp. (RNST) on Monday reported third-quarter net income of $37.4 million.

The Tupelo, Mississippi-based bank said it had earnings of 64 cents per share. Earnings, adjusted for non-recurring costs, came to 68 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The holding company for Renasant Bank posted revenue of $172.4 million in the period. Its revenue net of interest expense was $146.8 million, also missing Street forecasts. Three analysts surveyed by Zacks expected $151.4 million.

Renasant shares have climbed 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.93, a fall of nearly 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RNST at https://www.zacks.com/ap/RNST