TUPELO, Miss. (AP) _ Renasant Corp. (RNST) on Tuesday reported fourth-quarter net income of $38.7 million.
The Tupelo, Mississippi-based bank said it had earnings of 67 cents per share. Earnings, adjusted for non-recurring gains, were 66 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The holding company for Renasant Bank posted revenue of $170.6 million in the period. Its revenue net of interest expense was $146.8 million, missing Street forecasts. Four analysts surveyed by Zacks expected $147.1 million.
For the year, the company reported profit of $167.9 million, or $2.88 per share. Revenue was reported as $597.3 million.
Renasant shares have fallen almost 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $35.20, a rise of 2% in the last 12 months.