Renasant Corporation announces Kevin D. Chapman as new CEO, succeeding C. Mitchell Waycaster, who becomes Executive Vice Chairman.
Quiver AI Summary
Renasant Corporation has announced that Kevin D. Chapman has taken over as Chief Executive Officer and President of both the corporation and Renasant Bank, succeeding C. Mitchell Waycaster, who transitions to Executive Vice Chairman. Waycaster will remain involved in strategic planning and oversight. The board expressed confidence in Chapman’s leadership, citing his extensive experience in the financial sector, including his previous roles as Chief Financial Officer and Chief Operating Officer. Chapman, a licensed CPA with over 25 years in the industry, has a strong background in corporate strategy and community involvement. Renasant Corporation, with approximately $26.0 billion in assets, operates over 280 offices across the Southeast.
Potential Positives
- Renasant Corporation has appointed Kevin D. Chapman as the new Chief Executive Officer and President, ensuring continuity in leadership following the transition from C. Mitchell Waycaster.
- Chapman has a robust background in the financial services sector with over 25 years of experience and a proven track record in roles such as Chief Operating Officer and Chief Financial Officer, which instills confidence in his capacity to lead the company.
- The Board expresses full confidence in Chapman's leadership ability, indicating a strong support system for future strategic initiatives and growth prospects.
- Chapman's community involvement and previous board positions highlight a commitment to corporate social responsibility, which can enhance the company's reputation and stakeholder relationships.
Potential Negatives
- Transition of CEO may cause uncertainty among investors and employees regarding the company's future direction.
- Past CEO C. Mitchell Waycaster's continued involvement as Executive Vice Chairman could lead to concerns about overlapping leadership roles and decision-making authority.
- Despite Kevin Chapman's extensive experience, his relatively short tenure as President since May 2023 may raise questions about his readiness to lead the company at this level.
FAQ
Who is the new CEO of Renasant Corporation?
Kevin D. Chapman has officially assumed the role of CEO and President of Renasant Corporation and Renasant Bank.
What was Kevin Chapman's previous position before becoming CEO?
Before becoming CEO, Kevin Chapman served as President since May 2023 and Chief Operating Officer since May 2018.
What experience does Kevin Chapman have in financial services?
Kevin Chapman has over 25 years of experience in financial services, including roles in IPOs, capital markets, and corporate strategy.
Who did Kevin D. Chapman succeed as CEO of Renasant?
Kevin D. Chapman succeeded C. Mitchell Waycaster, who is now the Executive Vice Chairman of the Company and the Bank.
What are the operations of Renasant Corporation?
Renasant Corporation offers banking, lending, mortgage, and wealth management services, operating over 280 offices in the Southeast.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RNST Insider Trading Activity
$RNST insiders have traded $RNST stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $RNST stock by insiders over the last 6 months:
- JOHN CREEKMORE sold 3,000 shares for an estimated $114,000
- KELLY HUTCHESON (EVP/Chief Accounting Officer) sold 1,310 shares for an estimated $48,103
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RNST Hedge Fund Activity
We have seen 118 institutional investors add shares of $RNST stock to their portfolio, and 92 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 1,034,597 shares (+inf%) to their portfolio in Q4 2024, for an estimated $36,986,842
- JENNISON ASSOCIATES LLC added 788,762 shares (+204.9%) to their portfolio in Q4 2024, for an estimated $28,198,241
- STATE STREET CORP added 677,585 shares (+20.1%) to their portfolio in Q4 2024, for an estimated $24,223,663
- MILLENNIUM MANAGEMENT LLC removed 636,189 shares (-50.6%) from their portfolio in Q4 2024, for an estimated $22,743,756
- NORTH REEF CAPITAL MANAGEMENT LP removed 634,990 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $22,700,892
- KODAI CAPITAL MANAGEMENT LP removed 517,009 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $18,483,071
- DEPRINCE RACE & ZOLLO INC added 500,193 shares (+63.9%) to their portfolio in Q4 2024, for an estimated $17,881,899
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$RNST Analyst Ratings
Wall Street analysts have issued reports on $RNST in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Raymond James issued a "Strong Buy" rating on 04/24/2025
To track analyst ratings and price targets for $RNST, check out Quiver Quantitative's $RNST forecast page.
Full Release
TUPELO, Miss., May 01, 2025 (GLOBE NEWSWIRE) -- Today, Renasant Corporation (the “Company”) announced that Kevin D. Chapman has officially assumed the role of Chief Executive Officer and President of both the Company and Renasant Bank (the “Bank”). C. Mitchell Waycaster, immediate past Renasant CEO, will continue as Executive Vice Chairman for both the Company and the Bank. As Executive Vice Chairman, Waycaster will continue to be involved in strategic planning, investor relations, mergers and acquisitions, and providing guidance and board level oversight for the Company.
"As previously announced with our company’s succession plan, it is with full confidence and great enthusiasm that the Board and I pass the leadership torch to Kevin Chapman as our new CEO," said E. Robinson McGraw, Chairman of the Board of the Company and the Bank. "We are in exceptionally capable hands under Kevin’s leadership, and we are confident that his proven track record and vision will guide Renasant to even greater success. On behalf of our shareholders, board, and employees, we congratulate Kevin on this well-deserved promotion and look forward to supporting him as he leads Renasant into the future."
About Kevin D. Chapman: Chapman has been President since May 2023 and Chief Operating Officer for the Company since May 2018. Prior to his current role, Chapman held several different roles including Chief Financial Officer, Chief Strategy Officer and Chief Accounting Officer and Corporate Controller.
Chapman has worked in the financial services industry for more than 25 years with experience that includes initial public offerings, capital markets, mergers and acquisitions, capital raises, investor relations and corporate strategy. Prior to Renasant, he served as Corporate Controller for a large regional bank and as an accountant with Ernst and Young in Birmingham, Alabama.
Chapman received his M.B.A. and B.S. in Accounting from Troy University. He is a licensed C.P.A. in the state of Alabama. Chapman is involved in many community and non-profit organizations and has served as a board or committee member of the Community Development Foundation of Tupelo, the Health Care Foundation of North Mississippi, North Mississippi Medical Center, Yocona Area Council of the Boy Scouts of America, United Way of Northeast Mississippi, and the North Mississippi Symphony Orchestra.
Chapman has served as a past board member of Mississippi Bankers Association and
Mississippi Young Bankers. Additionally, he has served on various committees for the American Bankers Association.
ABOUT RENASANT CORPORATION:
Renasant Corporation is the parent of Renasant Bank, a 121-year-old financial services institution. As of April 1, 2025, Renasant has assets of approximately $26.0 billion and operates more than 280 banking, lending, mortgage and wealth management offices throughout the Southeast and offers factoring and asset-based lending on a nationwide basis.
Contacts: | For Media: | For Financials: | |
John S. Oxford | James C. Mabry IV | ||
Senior Vice President | Executive Vice President | ||
Chief Marketing Officer | Chief Financial Officer | ||
(662) 680-1219 | (662) 680-1281 |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c43105d-19a8-4344-a211-8c758211b062