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Compared to Estimates, Renasant (RNST) Q4 Earnings: A Look at Key Metrics
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Renasant (RNST - Free Report) reported $146.31 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 14.6%. EPS of $0.76 for the same period compares to $0.89 a year ago.
The reported revenue represents a surprise of -8.91% over the Zacks Consensus Estimate of $160.63 million. With the consensus EPS estimate being $0.64, the EPS surprise was +18.75%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Renasant performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio (GAAP): 75.1% versus 66.9% estimated by four analysts on average.
Net Interest Margin: 3.3% versus 3.3% estimated by four analysts on average.
Annualized net loan charge-offs / average loans: 0.1% compared to the 0.2% average estimate based on three analysts.
Total Nonperforming Loans: $69.37 million versus $76.56 million estimated by two analysts on average.
Total Nonperforming Assets: $78.99 million compared to the $86.13 million average estimate based on two analysts.
Average Balance - Total interest-earning assets: $15.33 billion compared to the $15.37 billion average estimate based on two analysts.
Net Interest Income: $125.95 million versus the four-analyst average estimate of $123.58 million.
Net Interest income (FTE): $128.60 million versus the four-analyst average estimate of $126.29 million.
Total Noninterest Income: $20.36 million versus $37.05 million estimated by four analysts on average.
Shares of Renasant have returned -2.2% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Renasant (RNST) Q4 Earnings: A Look at Key Metrics
Renasant (RNST - Free Report) reported $146.31 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 14.6%. EPS of $0.76 for the same period compares to $0.89 a year ago.
The reported revenue represents a surprise of -8.91% over the Zacks Consensus Estimate of $160.63 million. With the consensus EPS estimate being $0.64, the EPS surprise was +18.75%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Renasant performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency ratio (GAAP): 75.1% versus 66.9% estimated by four analysts on average.
- Net Interest Margin: 3.3% versus 3.3% estimated by four analysts on average.
- Annualized net loan charge-offs / average loans: 0.1% compared to the 0.2% average estimate based on three analysts.
- Total Nonperforming Loans: $69.37 million versus $76.56 million estimated by two analysts on average.
- Total Nonperforming Assets: $78.99 million compared to the $86.13 million average estimate based on two analysts.
- Average Balance - Total interest-earning assets: $15.33 billion compared to the $15.37 billion average estimate based on two analysts.
- Net Interest Income: $125.95 million versus the four-analyst average estimate of $123.58 million.
- Net Interest income (FTE): $128.60 million versus the four-analyst average estimate of $126.29 million.
- Total Noninterest Income: $20.36 million versus $37.05 million estimated by four analysts on average.
View all Key Company Metrics for Renasant here>>>Shares of Renasant have returned -2.2% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.