Equity Analysis /
United States of America

US : Reliant Bancorp, Inc. - RBNC | Maintain Market Perform; Core Results Promising, but +20% Premium Leaves Risk/Reward Balanced

    22 January 2021
    Published byCGS-CIMB

    We are maintaining ourMarket Performrating on Reliant (RBNC) shares following 4Q20 results that exceeded expectations, where core margin trends were the primary highlight (+11 bp to 4.09% on a sequential, core basis ex. accretion). Elsewhere, the loan loss reserve ex. PPP (and adding back purchase