Renasant Corporation Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2019
January 21, 2020 at 05:06 pm EST
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Renasant Corporation reported net loan charge-offs for the fourth quarter ended December 31, 2019. The company's net loan charge-offs were $1.6 million, or 0.07% of average loans held for investment on an annualized basis, for the fourth quarter of 2019, as compared to $584,000, or 0.03% of average loans on an annualized basis, for the fourth quarter of 2018.
Renasant Corporation owns and operates Renasant Bank. The Company operates through three segments: Community Banks segment, Insurance segment and Wealth Management segment. Community Banks segment delivers a complete range of banking and financial services to individuals and to businesses of all sizes, including checking and savings accounts, business and personal loans, asset-based lending, factoring and equipment leasing, as well as safe deposit and night depository facilities. Insurance segment includes a full-service insurance agency offering all various commercial and personal insurance through various carriers. Wealth Management segment, through the Trust division, offers a range of fiduciary services, including the administration of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts and custodial accounts. Through its Financial Services division, provides fixed and variable annuities, mutual funds, and other investment services.
RENASANT CORPORATION 
