Renasant Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 25, 2023 at 03:00 am IST
Share
Renasant Corporation reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 137.84 million compared to USD 101.48 million a year ago. Net income was USD 46.28 million compared to USD 37.05 million a year ago. Basic earnings per share from continuing operations was USD 0.83 compared to USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 0.82 compared to USD 0.66 a year ago.
For the full year, net interest income was USD 481.3 million compared to USD 424 million a year ago. Net income was USD 166.07 million compared to USD 175.89 million a year ago. Basic earnings per share from continuing operations was USD 2.97 compared to USD 3.13 a year ago. Diluted earnings per share from continuing operations was USD 2.95 compared to USD 3.12 a year ago.
Renasant Corporation owns and operates Renasant Bank. The Company operates through three segments: Community Banks segment, Insurance segment and Wealth Management segment. Community Banks segment delivers a complete range of banking and financial services to individuals and to businesses of all sizes, including checking and savings accounts, business and personal loans, asset-based lending, factoring and equipment leasing, as well as safe deposit and night depository facilities. Insurance segment includes a full-service insurance agency offering all various commercial and personal insurance through various carriers. Wealth Management segment, through the Trust division, offers a range of fiduciary services, including the administration of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts and custodial accounts. Through its Financial Services division, provides fixed and variable annuities, mutual funds, and other investment services.