Renasant Corporation announced unaudited earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported interest income of $104,587,000 against $85,840,000 for the same period in the last year. Net interest income was $93,262,000 against $78,049,000 for the same period in the last year. Net interest income after provision was $91,112,000 against $76,399,000 for the same period in the last year. Income before income taxes was $46,745,000 against $35,096,000 for the same period in the last year. Net income was $16,511,000 or $0.33 per basic and diluted share against $23,635,000 or $0.55 per basic and diluted share for the same period in the last year. Return on average shareholders' equity was 4.31% against 8.14% for the same period in the last year. Return on average tangible shareholders' equity was 7.94% against 14.90% for the same period in the last year. Return on average assets was 0.64% against 1.09% for the same period in the last year. Return on average tangible assets was 0.73% against 1.22% for the same period in the last year. Tangible net income (non-GAAP) was $17,644,000 against $24,729,000 for the same period in the last year. Return on average tangible shareholders' equity (non-GAAP) 7.94% against 14.90% for the same period in the last year. Return on average tangible assets (non-GAAP) 0.73% against 1.22% for the same period in the last year.

For the full year, the company reported interest income of $374,750,000 against $329,138,000 for the same period in the last year. Net interest income was $336,897,000 against $300,991,000 for the same period in the last year. Net interest income after provision was $329,347,000 against $293,461,000 for the same period in the last year. Income before income taxes was $159,869,000 against $135,777,000 for the same period in the last year. Net income was $92,188,000 or $1.98 per diluted share against $90,930,000 or $2.17 per diluted share for the same period in the last year. Return on average shareholders' equity was 6.68% against 8.15% for the same period in the last year. Return on average tangible shareholders' equity was 11.84% against 15.28% for the same period in the last year. Return on average assets was 0.97% against 1.08% for the same period in the last year. Return on average tangible assets was 1.08% against 1.20% for the same period in the last year. Tangible net income (non-GAAP) was $96,546,000 against $95,448,000 for the same period in the last year. Return on average tangible shareholders' equity (non-GAAP) 11.84% against 15.28% for the same period in the last year. Return on average tangible assets (non-GAAP) 1.08% against 1.20% for the same period in the last year. Book value per common share was $30.72 compared to $27.81 a year ago. Tangible book value per common share was $17.83 compared to $16.65 a year ago.

Net loan charge-offs were $470,000, or 0.02% on an annualized basis of average total loans, for the fourth quarter of 2017, as compared to $4,837,000, or 0.31% on an annualized basis of average total loans, for the fourth quarter of 2016.