RNST RENASANT CORP
Price Chart
Executive Summary
Renasant Corp is issuing subordinated notes (due 2036) in a preliminary offering to refinance $40M of 5.50% notes and for general corporate purposes. The offering follows strong Q1 2026 earnings (EPS $0.94, net income $88.2M) and a $100M buyback expansion. Terms are not yet finalized.
Actionable Insight
Watch for final pricing and aggregate principal amount in the subsequent final prospectus supplement. The refinancing of higher-cost 5.50% notes could modestly reduce interest expense. Monitor for any change in credit rating from KBRA.
Key Facts
- Offering of % Fixed-to-Floating Rate Subordinated Notes due 2036; no public trading market expected
- Net proceeds intended for general corporate purposes including potential redemption of $40M 5.50% Subordinated Notes due 2031
- Company reported Q1 2026 net income of $88.2M and diluted EPS of $0.94 (beating consensus)
- Board increased quarterly dividend to $0.24/share and expanded stock repurchase authorization by $100M to $250M total
- Notes will be unsecured, subordinated obligations qualifying as Tier 2 capital
Financial Impact
Offering size and interest rate not yet determined; net proceeds will be disclosed upon pricing. Potential interest savings from redeeming $40M of 5.50% notes.
Risk Factors
- Limited trading market for the notes may affect liquidity
- Subordination to senior debt and structural subordination to subsidiary liabilities
- Regulatory restrictions on holding company's ability to pay interest from bank dividends
- Interest rate risk from floating-rate period after 2031
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001193125-26-202742 |
| Document: 0001193125-26-202742-index-headers.html | 0001193125-26-202742 |
| Document: 0001193125-26-202742-index.html | 0001193125-26-202742 |
| Document: 0001193125-26-202742.txt | 0001193125-26-202742 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 21, 2026
22d ago
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Insider Cluster
| $41.17 $40.68 | ▼ −1.19% | ▼ −2.79% | $42.81 (+3.98%) |
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May 15, 2026
28d ago
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8-K
| $39.79 $41.42 | ▲ +4.10% | ▲ +2.48% | $42.81 (+7.59%) |
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May 7, 2026
5w ago
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8-K
| $40.19 $39.62 | ▼ −1.42% | ▼ −2.88% | $42.81 (+6.52%) |
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May 5, 2026
5w ago
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424B5
| $40.63 $39.60 | ▼ −2.54% | ▼ −3.67% | $42.81 (+5.37%) |
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May 4, 2026
5w ago
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424B5
| $39.41 $39.77 | ▲ +0.91% | ▼ −2.02% | $42.81 (+8.63%) |
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Apr 28, 2026
6w ago
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8-K
| $39.82 $40.63 | ▲ +2.03% | ▼ −1.08% | $42.81 (+7.51%) |
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Apr 28, 2026
6w ago
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Press Release
| $39.82 $40.63 | ▲ +2.03% | ▼ −1.08% | $42.81 (+7.51%) |
|
Mar 18, 2026
12w ago
|
DEFA14A
| $34.39 $36.02 | ▲ +4.74% | ▲ +5.45% | $42.81 (+24.48%) |
US Market Status
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