RENASANT CORPORATION (NASDAQ:RNST) Files An 8-K Other Events
Item8.01
| Other Events. |
On December13, 2016, Renasant Corporation (the Company) issued a
press release announcing the commencement of an underwritten
public offering of approximately $65 million of its common stock,
exclusive of the underwriters 30-day purchase option. A copy of
the Companys press release is attached hereto as Exhibit 99.1.
This Current Report on Form 8-K, including the Exhibit hereto,
shall not constitute an offer to sell or the solicitation of an
offer to buy any securities of the Company, which is being made
only by means of a written prospectus meeting the requirements of
Section10 of the Securities Act of 1933, as amended, nor shall
there be any sale of the Companys securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such jurisdiction.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
|
ExhibitNo. |
Description of Exhibit |
|
| 99.1 | Press release dated December 13, 2016. |
Forward-Looking Statements
This communication contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Congress passed the Private Securities Litigation Act of 1995 in
an effort to encourage companies to provide information about
their anticipated future financial performance. This act provides
a safe harbor for such disclosure, which protects a company from
unwarranted litigation if actual results are different from
management expectations. This communication reflects the current
views and estimates of future economic circumstances, industry
conditions, company performance, and financial results of the
management of the Company. These forward-looking statements are
subject to a number of factors and uncertainties which could
cause the Companys actual results and experience to differ from
the anticipated results and expectations expressed in such
forward-looking statements, and such differences may be material.
Forward-looking statements speak only as of the date they are
made, and the Company does not assume any duty to update
forward-looking statements, unless required by applicable law.
Such forward-looking statements usually include words such as
expects, projects, proposes, anticipates, believes, intends,
estimates, strategy, plan, potential, possible and other similar
expressions. These statements are based upon the current beliefs
and expectations of the Companys management and are inherently
subject to significant business, economic and competitive risks
and uncertainties, many of which are beyond their respective
control. In addition, these forward-looking statements are
subject to assumptions with respect to future business strategies
and decisions that are subject to change. Actual results may
differ from those indicated or implied in the forward-looking
statements, and such differences may be material.
Important factors currently known to management that could cause
actual results to differ materially from those in forward-looking
statements include (1)the Companys ability to efficiently
integrate acquisitions into its operations, retain the customers
of these businesses and grow the acquired operations; (2)the
effect of economic conditions and interest rates on a national,
regional or international basis; (3)the timing of the
implementation of changes in operations to achieve enhanced
earnings or effect cost savings; (4)competitive pressures in the
consumer finance, commercial finance, insurance, financial
services, asset management, retail banking, mortgage lending and
auto lending industries; (5)the financial resources of, and
products available to, competitors; (6)changes in laws and
regulations, including changes in accounting standards;
(7)changes in policy by regulatory agencies; (8)changes in the
securities and foreign exchange markets; (9)the Companys
potential growth, including its entrance or expansion into new
markets, and the need for sufficient capital to support that
growth; (10)changes in the quality or composition of the Companys
loan or investment portfolios, including adverse developments in
borrower industries or in the repayment ability of individual
borrowers; (11)an insufficient allowance for loan losses as a
result of inaccurate assumptions; (12)general economic, market or
business conditions; (13)changes in demand for loan products and
financial services; (14)concentration of credit exposure;
(15)changes or the lack of changes in interest rates, yield
curves and interest rate spread relationships; and (16)other
circumstances, many of which are
beyond managements control. Management undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results over time.
About RENASANT CORPORATION (NASDAQ:RNST)
Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc. (Renasant Insurance), a subsidiary of the Bank with operations in Mississippi. The Company operates through three segments: Community Banks segment, Insurance segment and Wealth Management segment. The Community Banks segment offers a range of banking and financial services to individuals and small to medium-sized businesses. The Insurance segment includes an insurance agency offering all lines of commercial and personal insurance through major carriers. The Wealth Management segment offers a range of fiduciary services, which includes the administration and management of trust accounts, including personal and corporate benefit accounts, self-directed individual retirement accounts (IRAs), and custodial accounts. In addition, the Wealth Management segment offers annuities, mutual funds and other investment services through a third-party broker-dealer. RENASANT CORPORATION (NASDAQ:RNST) Recent Trading Information
RENASANT CORPORATION (NASDAQ:RNST) closed its last trading session down -1.83 at 41.23 with 189,530 shares trading hands.