filecrux
Oct 28, 2:27 AM
$RNST Follow-up: Does Renasant's
$142M Tennessee bank deal earn its keep with ~4% EPS accretion in 2028?
🤝 Renasant, a Tupelo, Mississippi bank with about
$27.5B in assets, agreed on October 27, 2026 to buy Commercial Holding, parent of Commercial Bank & Trust of Paris, Tennessee (
$1.1B assets,
$983M deposits), for about
$142M, roughly 3.7% of Renasant's
$3.80B market value at
$41.58 at 16:00 ET that day
📈 Renasant guides ~4% EPS accretion for 2028; it assumes cost savings of 25% of Commercial's noninterest expense, 50% realized in 2027 and 100% thereafter
⚠️ Holders pay up front with tangible book value dilution of under 1.5% at close, a 2-year earnback and
$19.0M of after-tax merger charges
📅 Next: Renasant discusses the deal on its Q3 call on October 28, 2026 at 10:00 AM ET; closing, which needs Federal Reserve and Commercial shareholder approval, is expected in the first quarter of 2027
Source: SEC 8-K + GlobeNewswire release, Oct 27
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