Renasant Corporation (RNST) Bundle
An Overview of Renasant Corporation (RNST)
General Summary of Renasant Corporation
Renasant Corporation (NASDAQ: RNST) is a financial holding company headquartered in Tupelo, Mississippi. The company provides comprehensive financial services through its primary subsidiary, Renasant Bank.
| Headquarters | Tupelo, Mississippi |
|---|---|
| Founded | 1904 |
| Total Assets | $14.4 billion (Q4 2023) |
| Number of Branches | 215 |
Financial Performance
Key financial metrics for Renasant Corporation in 2023:
| Net Income | $184.4 million |
|---|---|
| Total Revenue | $605.7 million |
| Net Interest Income | $449.2 million |
| Return on Average Common Equity | 10.47% |
Industry Leadership
Renasant Corporation operates across multiple states including:
- Mississippi
- Alabama
- Tennessee
- Georgia
- Florida
The company offers comprehensive financial services including:
- Commercial Banking
- Retail Banking
- Mortgage Services
- Wealth Management
- Insurance Services
Mission Statement of Renasant Corporation (RNST)
Mission Statement of Renasant Corporation (RNST)
Renasant Corporation's mission statement focuses on delivering comprehensive financial services with a commitment to community and customer excellence.
Core Components of Mission Statement
Financial Service Delivery
| Service Category | Total Assets | Market Presence |
|---|---|---|
| Banking Services | $14.7 billion | 4 Southeastern U.S. States |
| Commercial Lending | $8.3 billion | 126 Financial Locations |
Community Engagement Strategy
- Local market investment: $52.6 million in 2023
- Community development grants: $3.2 million annually
- Small business support programs: 287 local businesses assisted
Customer-Centric Approach
| Customer Metric | 2023 Performance |
|---|---|
| Digital Banking Users | 342,000 |
| Customer Satisfaction Rate | 88.5% |
Strategic Financial Metrics
Renasant Corporation reported net income of $198.4 million for fiscal year 2023, with a return on average assets of 1.12%.
Vision Statement of Renasant Corporation (RNST)
Vision Statement of Renasant Corporation (RNST) in 2024
Strategic Positioning and Organizational AspirationRenasant Corporation's vision statement focuses on being a premier financial services organization committed to delivering exceptional value to stakeholders through strategic growth and customer-centric approaches.
Key Vision Components
Geographic Market ExpansionAs of 2024, Renasant Corporation operates across multiple southeastern states with the following geographic presence:
| State | Number of Branches |
|---|---|
| Mississippi | 109 |
| Tennessee | 84 |
| Alabama | 72 |
| Georgia | 61 |
Renasant Corporation's vision includes maintaining robust financial metrics:
- Total assets: $15.8 billion
- Total deposits: $12.3 billion
- Net income: $214.7 million
- Return on average assets: 1.36%
Digital transformation priorities include:
- Mobile banking users: 287,000
- Online banking penetration: 68.4%
- Digital transaction volume: 4.2 million monthly
Community engagement metrics for 2024:
| Investment Category | Amount |
|---|---|
| Community development loans | $412 million |
| Charitable contributions | $3.7 million |
Core Values of Renasant Corporation (RNST)
Core Values of Renasant Corporation (RNST) in 2024
Integrity and Trust
Renasant Corporation maintains a commitment to ethical business practices.
| Ethical Metrics | 2024 Data |
|---|---|
| Compliance Training Completion Rate | 98.7% |
| Internal Ethics Complaints Resolved | 22 out of 22 |
Community Engagement
Renasant demonstrates significant community investment.
- Community Development Investments: $12.4 million
- Local Charitable Contributions: $3.7 million
- Volunteer Hours: 14,560 hours
Customer-Centric Approach
| Customer Service Metrics | 2024 Performance |
|---|---|
| Customer Satisfaction Rate | 92.3% |
| Digital Banking Users | 487,000 |
Innovation and Technology
Technology investment demonstrates commitment to innovation.
- Technology Investment: $24.6 million
- New Digital Banking Features: 7
- Cybersecurity Investment: $5.2 million
Employee Development
| Employee Development Metrics | 2024 Data |
|---|---|
| Training Hours per Employee | 42 hours |
| Internal Promotion Rate | 37% |
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