RNST Stock: Insider Activity, Filings & Research
Renasant Corporation (RNST) — Drillr’s hub for RNST insider activity, SEC filings, earnings signals and AI research. Over the trailing 3 months, RNST insiders filed 0 open-market buys and 2 sales (SEC Form 4).
RNST insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 21, 2026 | DALE ALBERT J IIIdirector | Sell | 1,650 | $39.80 |
| May 19, 2026 | MCGRAW EDWARD ROBINSONdirector | Option | 1,040 | $39.82 |
| May 19, 2026 | MCGRAW EDWARD ROBINSONdirector | Tax | 385 | $39.82 |
| May 15, 2026 | WAYCASTER C MITCHELLdirector, officer: Executive Vice Chairman | Sell | 12,704 | $39.50 |
| Apr 30, 2026 | Moore Diana Reneedirector | Grant | 2,060 | — |
| Apr 30, 2026 | HOLLAND NEAL A JRdirector | Grant | 2,060 | — |
| Apr 30, 2026 | LEVY JONATHAN Adirector | Grant | 2,060 | — |
| Apr 30, 2026 | FOY JOHNdirector | Grant | 2,060 | — |
| Apr 30, 2026 | Engel Connie Ldirector | Grant | 2,060 | — |
| Apr 30, 2026 | DALE ALBERT J IIIdirector | Grant | 2,060 | — |
| Apr 30, 2026 | Flenorl Rose J.director | Grant | 2,060 | — |
| Apr 30, 2026 | MCGRAW EDWARD ROBINSONdirector | Grant | 2,060 | — |
| Apr 30, 2026 | CREEKMORE JOHNdirector | Grant | 2,060 | — |
| Apr 30, 2026 | PARKER TED Edirector | Grant | 2,060 | — |
| Apr 30, 2026 | Deer Jill Vdirector | Grant | 2,060 | — |
Source: RNST SEC Form 4 filings, latest May 21, 2026. For informational purposes only — not investment advice.
Renasant Corporation company profile
Overview
Renasant Corporation (NASDAQ:RNST) is a regional bank holding company founded in 1904 and headquartered in Tupelo, Mississippi. The company operates through its primary subsidiary, Renasant Bank, providing traditional banking services across the Southeastern United States. With over 120 years of history, Renasant has grown from a small community bank into a multi-state financial institution serving Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee. The company has expanded both organically and through strategic acquisitions, including the pending merger with The First, expected to close in the first half of 2025.
Business
Renasant Corporation operates as a regional bank holding company in the traditional banking industry, which involves accepting deposits from customers and lending those funds to borrowers at higher interest rates. The banking industry serves as a financial intermediary, connecting savers with borrowers while providing various financial services to individuals and businesses. The company operates through three primary business segments: 1. **Community Banks (Primary Revenue Driver - approximately 80% of revenue)**: This segment provides core banking services including checking and savings accounts, commercial and personal loans, mortgages, and treasury management services. The bank offers various loan products including commercial real estate loans, construction loans for residential and commercial projects, equipment financing, agricultural loans, and consumer installment loans. The segment also provides automated teller machine (ATM) services, online and mobile banking platforms, and traditional branch banking services through approximately 189 banking offices across seven southeastern states. 2. **Insurance (Recently Divested)**: Previously offered commercial and personal insurance products through insurance carriers, acting as an insurance agency. This segment was sold in Q3 2024 for approximately $36 million in gains, reflecting the company's strategic focus on core banking operations. 3. **Wealth Management (approximately 5-10% of revenue)**: Provides fiduciary and wealth management services including trust account administration, estate planning, retirement plan services, and investment products through third-party broker-dealers. This segment manages personal and corporate benefit accounts, custodial accounts, and offers annuities and mutual funds to high-net-worth clients. The bank operates 150 full-service branches, 11 limited-service branches, 173 ATMs, and 38 interactive teller machines, providing customers with multiple access points for banking services across its geographic footprint in the growing Southeastern United States markets.
Revenue model
Renasant generates revenue primarily through the traditional banking model of **net interest income**, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This spread-based business model is the core of banking profitability, typically representing 70-80% of total revenue. The bank's customers include retail consumers, small businesses, and commercial enterprises across its seven-state footprint. **Retail customers** provide low-cost deposits through checking and savings accounts while borrowing for mortgages, auto loans, and personal credit needs. **Commercial customers** range from small businesses requiring lines of credit and equipment financing to larger corporations needing complex lending arrangements, treasury management services, and commercial real estate financing. **Secondary revenue streams** include fee-based income from wealth management services, mortgage origination and servicing fees, treasury management fees, ATM fees, and other service charges. The wealth management segment generates fees based on assets under management and fiduciary services provided to high-net-worth clients. **Factors that increase profitability margins** include rising interest rates (which typically expand net interest margins for asset-sensitive banks like Renasant), strong loan demand in growing Southeastern markets, disciplined deposit pricing, effective expense management, and low credit losses. The bank benefits from net population migration into its markets, creating demand for both loans and deposits. **Factors that decrease margins** include falling interest rates (compressing net interest margins), intense competition for deposits leading to higher funding costs, economic downturns increasing credit losses, regulatory compliance costs, and competitive pressure on loan pricing. The bank's significant exposure to commercial real estate loans makes it vulnerable to downturns in property markets, particularly in sectors like senior housing and office properties that have shown stress in recent quarters.
Competitive moat
Renasant's competitive moat is **moderate and primarily based on local market relationships and geographic positioning** rather than strong structural advantages. The company benefits from its established presence in attractive Southeastern markets experiencing net population growth and economic expansion, which provides a favorable operating environment compared to declining regions. The bank's **relationship-based banking model** creates some customer stickiness, particularly in commercial banking where businesses value established credit relationships and local decision-making capabilities. Renasant's community banking approach allows for faster loan decisions and more personalized service compared to larger national banks, which can be valuable for small and medium-sized businesses. However, the banking industry is **highly commoditized** with limited differentiation between competitors. Traditional banks face intense competition from credit unions, online banks, fintech companies, and larger regional and national banks. **Deposit competition** is particularly fierce, as customers can easily compare rates and switch banks for better terms. The rise of digital banking platforms and fintech solutions continues to erode traditional banks' advantages in payment processing and basic banking services. **Potential disruption** comes from multiple sources: fintech companies offering higher-yield savings products, digital lending platforms providing faster loan approvals, cryptocurrency and digital payment systems reducing demand for traditional banking services, and larger banks with superior technology platforms and marketing resources. The banking industry's regulatory environment, while creating barriers to entry, also imposes significant compliance costs that can disadvantage smaller regional banks relative to larger institutions with economies of scale. Renasant's moat is **not particularly strong or durable**, as the company competes primarily on service quality and local relationships rather than unique products or significant cost advantages.
Risks & safety
**Overall Assessment**: Renasant maintains a solid financial position with adequate capitalization and manageable risk levels, though typical of regional banks, it faces interest rate and credit cycle vulnerabilities. **Cash and Liquidity**: - Strong liquidity position with $1.09 billion in cash and short-term investments as of Q4 2024 - Loan-to-deposit ratio of approximately 88%, indicating reasonable liquidity management - Eliminated brokered deposits by year-end 2024, reducing funding risk **Debt and Solvency**: - Debt-to-equity ratio of 0.20, indicating conservative leverage - Total assets of $18.0 billion vs. total liabilities of $15.4 billion - Strong capital ratios typical of well-capitalized regional banks - No immediate solvency concerns **Valuation Metrics**: - Price-to-earnings ratio: 12.7x (reasonable for regional banks) - Price-to-book ratio: 0.85x (trading below book value) - Return on equity: 7.3% for full year 2024 (solid for current environment) **Other Considerations**: - Credit quality remains stable with allowance for credit losses at 1.57% of total loans - Some stress in commercial real estate portfolio, particularly senior housing - Pending merger with The First adds integration risk but potential synergies
Recent development
Over the past few years, Renasant has pursued several strategic initiatives focused on **organic growth, operational efficiency, and strategic positioning**. The most significant development is the **pending merger with The First**, announced in 2024 and expected to close in the first half of 2025, which will expand Renasant's footprint and scale in attractive Southeastern markets. The company has **divested non-core operations**, notably selling its insurance agency business in Q3 2024 for approximately $36 million in gains, allowing management to focus resources on core banking operations. This divestiture reflects a strategic shift toward simplifying the business model and concentrating on traditional banking services where the company has the strongest competitive position. **Balance sheet optimization** has been a key focus, with management successfully eliminating brokered deposits by year-end 2024 and growing core deposits by over $280 million annually. The bank has maintained disciplined loan growth in the mid-single-digit range while improving loan yields through careful pricing discipline. Management has also focused on **expense management**, targeting an efficiency ratio below 60% while investing in technology and talent acquisition. **Leadership transition** is underway, with Kevin Chapman designated to become CEO in May 2025, while current CEO Mitch Waycaster will continue as Executive Vice Chairman. This planned succession reflects long-term strategic planning and continuity in management philosophy. The company has strengthened its **commercial banking capabilities**, with loan production diversified across consumer (12%), small business (23%), commercial credit (34%), and corporate banking (32%) segments. Recent quarters have shown strong loan production volumes of $500-600 million quarterly, indicating robust business development across multiple markets and product lines.
RNST company profile · for informational purposes only — not investment advice.
Track RNST with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free