Monitor Q4 2026 for merger-related expenses and any updates on regulatory approvals for the Commercial Holding Company acquisition. The $175M buyback authorization provides downside support but may be tempered by deal cash needs.
How the stock moved after the report
NEUTRAL VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Oct 28 $40.26entry
- T+1 · 7d ago −0.82%α +0.95% · $39.93
- T+5 · due 14h ago Pending
- T+5 · todayOpen
- T+20 · in 20d Pending
- T+60 · in 3mo Pending
Price Chart
How similar events traded
Executive Summary
Renasant Corporation filed this Rule 425 communication containing the transcript of its Q3 2026 earnings call, which included discussion of the pending acquisition of Commercial Holding Company. The filing confirms Q3 adjusted EPS of $0.86 (up 12% YoY), strong loan growth of $555.9M (11.5% annualized), and reiterates deal terms: ~$140M total value, 75% stock/25% cash, expected close in Q1 2027. No changes to deal terms or new material information beyond the original announcement.
Key Financial Metrics
Key Facts
- Q3 2026 adjusted EPS of $0.86, up 12% YoY from $0.77
- Adjusted ROAA of 1.16% vs 1.09% YoY; adjusted ROTCE of 14.5% vs 14.2% YoY
- Loans grew $555.9M linked quarter (11.5% annualized); deposits declined $73.2M (1.3% annualized)
- Core NIM stable; total cost of deposits up 1bp to 1.97%; adjusted loan yields up 5bp to 6.08%
- Deal value approximately $140M, 75% stock/25% cash, ~4% accretive to EPS, ~1.5% dilutive to TBV, earnback under 2 years
- Deal expected to close in Q1 2027, subject to regulatory and shareholder approvals
- Board reauthorized $175M buyback program; management expects to be active but less so over next 12 months due to deal cash component
Financial Impact
Q3 adjusted EPS $0.86 vs $0.77 YoY (+12%); deal ~4% accretive to EPS with ~1.5% TBV dilution; deal value ~$140M
Risk Factors
- Integration risk from Commercial acquisition; potential distraction from organic growth
- Deposit funding gap: loans grew 11.5% annualized while deposits declined 1.3% annualized in Q3
- Higher provision driven by loan growth; single C&I credit charge-off of $10M in Q3
- Mortgage banking income expected to remain soft in Q4; competitive pressure on loan and deposit spreads
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001193125-26-436395 |
| Document: 0001193125-26-436395-index-headers.html | 0001193125-26-436395 |
| Document: 0001193125-26-436395-index.html | 0001193125-26-436395 |
| Document: 0001193125-26-436395.txt | 0001193125-26-436395 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 7d ago | 425 | $40.26 | awaiting T+5 | awaiting T+5 | $39.76 (−1.24%) |
Oct 27, 2026 8d ago | 425 | $40.19 $40.63 | ▲ +1.09% | ▲ +1.81% | $39.76 (−1.07%) |
Oct 27, 2026 8d ago | 425 | $40.19 $40.63 | ▲ +1.09% | ▲ +1.81% | $39.76 (−1.07%) |
Oct 27, 2026 8d ago | 8-K | $40.19 $40.63 | ▲ +1.09% | ▲ +1.81% | $39.76 (−1.07%) |
Oct 27, 2026 8d ago | 8-K | No price | awaiting T+5 | awaiting T+5 | No price |
Oct 27, 2026 8d ago | Press Release | $40.19 $40.63 | ▲ +1.09% | ▲ +1.81% | $39.76 (−1.07%) |
Oct 27, 2026 8d ago | Press Release | $40.19 $40.63 | ▼ −1.09% | ▼ −1.81% | $39.76 (+1.07%) |
Oct 6, 2026 29d ago | 3 | $39.40 $39.18 | ▼ −0.56% | ▼ −0.42% | $39.76 (+0.91%) |
Aug 25, 2026 10w ago | Press Release | $41.04 $40.65 | ▼ −0.95% | ▼ −0.83% | $39.76 (−3.12%) |
Aug 6, 2026 12w ago | 8-K | $43.30 $43.81 | ▲ +1.18% | ▼ −0.03% | $39.76 (−8.18%) |
US Market Status
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