Q3 2025 Renasant Corp Earnings Call Transcript
Key Points
- Renasant Corp (RNST) reported strong loan growth of almost 10% during the quarter, indicating robust business activity.
- The integration with The First is progressing well, with successful systems conversion completed in early August.
- Net income for the quarter was $59.8 million, with adjusted earnings excluding merger charges at $72.9 million.
- The adjusted return on average assets improved by 12 basis points to 1.09%, and the adjusted return on tangible common equity increased by 296 basis points to 14.22%.
- Renasant Corp (RNST) maintained all regulatory capital ratios in excess of required minimums, ensuring a strong capital position.
- Deposits decreased by $158 million from the second quarter, driven by a seasonal decrease in public funds.
- The adjusted total cost of deposits increased by 4 basis points to 2.08%, indicating rising funding costs.
- Non-interest income saw a late quarter decrease of $841,000, excluding the gain on sale of MSR assets in Q2.
- Criticized loans increased in the third quarter, with broad-based growth across commercial real estate and C&I sectors.
- The loan-to-deposit ratio is approaching 90%, the highest since the beginning of COVID, indicating potential liquidity management challenges.
Good day and welcome to the Renaissance Corporation 2025 3rd quarter earnings conference call and webcast. All participants will be on the and only mode.
Should you need assistance, please signal a conference by pressing the star key followed by 0.
After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press 1 on your telephone keypad. To withdraw your question, please press 2. Please note, this event is being recorded.
Now let's cross over can you helpson, please go ahead.
Good morning and thank you for joining us for Renaissance Corporation's quarterly webcast and conference call. Participating in the call today are members of Renaissance executive management team.
Before we begin, please note that many of our comments during this call will be forward-looking statements which involve risk and uncertainty. There are many factors that could cause actual results to differ
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