RNST FY 2022 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2022 Earnings

Reported February 24, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$691M	—	$696M	—	-0.7%
Op. Income	$211M	—	$223M	—	-5.2%
Gross Margin	87.8%	—	93.9%	—	-6.1pp
Net Margin	24.0%	—	25.3%	—	-1.3pp
EPS (Diluted)	$2.95	—	$3.12	—	-5.4%
Free Cash Flow	$559M	—	$122M	—	357.8%

Revenue Flow

Item	Amount
REVENUE	$691M
Cost of Revenue	$84M
GROSS PROFIT	$607M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$262M
SG&A Expenses	$276M
Other Expenses	$119M
Operating Expenses	$395M
Cost & Expenses	$480M
OPERATING INCOME	$211M
Interest Income	$542M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$211M
Income Tax Expense	$45M
Net Income from Continuing Ops	$166M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$166M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$166M
D&A	$43M
EBIT	$211M
EBITDA	$254M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$691M
Cost of Revenue	$84M
GROSS PROFIT	$607M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$262M
SG&A Expenses	$276M
Other Expenses	$119M
Operating Expenses	$395M
Cost & Expenses	$480M
OPERATING INCOME	$211M
Interest Income	$542M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$211M
Income Tax Expense	$45M
Net Income from Continuing Ops	$166M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$166M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$166M
D&A	$43M
EBIT	$211M
EBITDA	$254M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$166M
Depreciation & Amortization	$43M
Stock-Based Compensation	$12M
Deferred Income Tax	$2M
Other Non-Cash Items	$387M
Change in Working Capital	-$36M
OPERATING CASH FLOW	$574M
Capital Expenditure	-$15M
Acquisitions (Net)	-$121M
Purchases of Investments	-$805M
Sales/Maturities of Investments	$453M
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$636M
Common Stock Repurchased	$0
Common Dividends Paid	-$50M
Other Financing Activities	-$419M
NET CASH FROM FINANCING	$168M
FREE CASH FLOW	$559M
Net Change in Cash	-$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$576M
Short-Term Investments	$1.5B
Net Receivables	$113M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$284M
Goodwill	$992M
Intangible Assets	$109M
Long-Term Investments	$12.7B
Tax Assets	$0
Other Non-Current Assets	$674M
TOTAL NON-CURRENT ASSETS	$14.8B
TOTAL ASSETS	$17.0B
Account Payables	$0
Short-Term Debt	$712M
Deferred Revenue	$0
Other Current Liabilities	$13.5B
TOTAL CURRENT LIABILITIES	$14.2B
Long-Term Debt	$428M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$225M
TOTAL NON-CURRENT LIABILITIES	$653M
TOTAL LIABILITIES	$14.9B
Common Stock	$296M
Additional Paid-In Capital	$1.3B
Retained Earnings	$858M
Treasury Stock	-$112M
Accum. Other Comp. Income	-$209M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$17.0B
Total Debt	$1.1B
Net Debt	$564M