NYSE:RNSTBanks
Renasant (RNST) Stock Draws Attention To Margin Strength And Funding Friction
Renasant stock barely flinched after earnings, easing about 1% in Thursday trading, yet the results were anything but sleepy. The real story sits in profitability. Adjusted earnings per share for the quarter came in just under US$1, and net income held close to US$90 million, supported by a solid net interest margin and a tighter cost to income ratio than a year ago.
Investors saw a quiet price move into these numbers and a much louder message in the income statement. The rest of the release...