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TUPELO, Miss. (AP) _ Renasant Corp. (RNST) on Tuesday reported fourth-quarter earnings of $31.5 million.
The bank, based in Tupelo, Mississippi, said it had earnings of 56 cents per share. Earnings, adjusted for non-recurring costs, were 68 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The holding company for Renasant Bank posted revenue of $184.8 million in the period. Its revenue net of interest expense was $171 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $167.1 million.
For the year, the company reported profit of $83.7 million, or $1.48 per share. Revenue was reported as $662.3 million.
Renasant shares have increased 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $38.43, an increase of 16% in the last 12 months.