Commercial Bank & Trust Company, a West Tennessee lender, is merging into Renasant Bank in a deal valued at approximately $142 million. This transaction will see Commercial Bank's nine branches across Paris, Union City, Jackson, and Memphis absorbed into Renasant's Southeastern banking franchise, which will have roughly $28.6 billion in total assets post-merger. The merger, approved by both boards, is expected to close in the first quarter of 2027 pending regulatory and shareholder approvals.
Original sourceRENASANT CORP
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Latest price
$39.93
-0.82%
Yahoo Finance · 10/30/2026
One-year price history
Adjusted daily closes · 252 observations · as of Oct 30, 2026
1 month
+1.6%
3 months
-8.6%
6 months
+1.4%
1 year
+19.9%
Year to date
+15.4%
52-week range
$32.60 – $44.04
Fundamental snapshot
Latest reported period: Jun 30, 2026
Market cap
$3.65B
P/E
11.6
P/B
0.9
P/S
3.4
Revenue
$1.06B
Net income
$314.06M
Diluted EPS
3.38
Gross margin
100.00%
Net margin
29.60%
Return on equity
8.10%
Total debt
$1.11B
Cash
$881.2M
Free cash flow
$402.04M
Latest eight reported quarters
Reported quarterly values, newest first
| Period | Revenue | Net income | Gross margin | Net margin | Free cash flow |
|---|---|---|---|---|---|
| Jun 30, 2026 | $270.15M | $87.09M | 100.00% | 32.20% | $77.11M |
| Mar 31, 2026 | $265.75M | $88.23M | 100.00% | 33.20% | $93.74M |
| Dec 31, 2025 | $267.58M | $78.95M | 100.00% | 29.50% | $111.03M |
| Sep 30, 2025 | $259.1M | $59.79M | 100.00% | 23.10% | $120.15M |
| Jun 30, 2025 | $185.87M | $1.02M | 100.00% | 0.50% | -$87.39M |
| Mar 31, 2025 | $165.92M | $41.52M | 100.00% | 25.00% | $102.6M |
| Dec 31, 2024 | $164.5M | $44.75M | 100.00% | 27.20% | $88.86M |
| Sep 30, 2024 | $219.36M | $72.46M | 100.00% | 33.00% | $17.77M |
Reported figures can reflect company reporting conventions, restatements, or sector-specific accounting. Verify against filings before relying on a valuation comparison.
Recent RNST news
All market newsRenasant Corp. reported Q3 2026 adjusted earnings of $0.86 a share, missing analyst estimates of $0.94, with revenue also falling short at $272.95 million against expectations of $282.34 million. Despite the miss, adjusted earnings increased 12% year-over-year, and the company highlighted strong loan production and core deposit growth. Shares fell 4.47% in after-hours trading, but management expressed a constructive outlook, expecting modest core net interest margin upside and announcing a strategic merger with Commercial Bank & Trust Company.
Original source