Document


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

RENASANT CORPORATION ANNOUNCES

EARNINGS FOR THE SECOND QUARTER OF 2026

TUPELO, MISSISSIPPI (July 28, 2026) - Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the second quarter of 2026.


(Dollars in thousands, except earnings per share)	Three Months Ended			Six Months Ended
	Jun 30, 2026	Mar 31, 2026	Jun 30, 2025	Jun 30, 2026	Jun 30, 2025
Net income and Earnings per share:
Net income	$87,091	$88,228	$1,018	$175,319	$42,536
Merger and conversion related expenses (net of tax)	—	—	(15,935)	—	(16,527)
Day 1 acquisition provision (net of tax)	—	—	(50,026)	—	(50,026)
Basic EPS	0.95	0.94	0.01	1.89	0.54
Diluted EPS	0.94	0.94	0.01	1.88	0.53
Adjusted diluted EPS (non-GAAP)(1)	0.94	0.93	0.69	1.88	1.36
Impact to diluted EPS from merger and conversion related expenses (net of tax)	—	—	(0.17)	—	(0.21)
Impact to diluted EPS from Day 1 acquisition provision (net of tax)	—	—	(0.53)	—	(0.63)

“Second quarter results were strong, and together with the first quarter, we have six months of financial performance that is well ahead of last year’s levels. We believe our team is operating at a high level and has positioned us to continue producing strong profitability as we pursue opportunities for added growth throughout our footprint,” remarked Kevin D. Chapman, President and Chief Executive Officer of the Company.

Quarterly Highlights

Earnings

•Net income for the second quarter of 2026 was $87.1 million; both diluted EPS and adjusted diluted EPS (non-GAAP)(1) were $0.94

•Net interest income, on a fully tax equivalent basis, for the second quarter of 2026 was $227.7 million, down $0.8 million linked quarter

•Net interest margin, on fully tax equivalent basis, for the second quarter of 2026 was 3.83%, down 4 basis points linked quarter. Adjusted net interest margin (non-GAAP)(1) was flat at 3.61%

•Cost of total deposits was 1.96% for the second quarter of 2026, up 2 basis points linked quarter

•Noninterest income increased $0.9 million linked quarter

•Mortgage banking income decreased $0.3 million linked quarter. The mortgage division generated $611.6 million in interest rate lock volume in the second quarter of 2026, up $69.3 million linked quarter. Gain on sale margin was 1.57% for the second quarter of 2026, down 28 basis points linked quarter

•Noninterest expense increased $6.2 million linked quarter, driven primarily by deferred compensation accruals tied to market valuations, higher health insurance claims and annual merit increases

Balance Sheet

•Loans increased $220.9 million linked quarter, representing a 4.7% annualized net loan increase. Included in this increase is a $58.3 million loan portfolio that Renasant Bank’s subsidiary, Republic Business Credit, acquired during the quarter

•Securities increased $9.3 million linked quarter. The Company purchased $162.4 million in securities during the second quarter, which was offset by a negative fair market value adjustment in the Company’s available-for-sale portfolio of $9.2 million and cash flows related to principal payments, calls and maturities of $146.5 million

•Deposits at June 30, 2026 decreased $398.4 million linked quarter. Seasonal outflows in public fund deposits accounted for $367.7 million of the decrease. Noninterest bearing deposits decreased $145.4 million linked quarter and represented 23.2% of total deposits at June 30, 2026 as compared to 23.5% at March 31, 2026

Capital and Stock Repurchase Program

•Book value per share and tangible book value per share (non-GAAP)(1) increased 1.7% and 1.4%, respectively, linked quarter

•Effective April 28, 2026, the Company’s quarterly cash dividend was increased to $0.24 per share

•The Company has a $250.0 million stock repurchase program under which the Company is authorized to repurchase outstanding shares of its common stock either in open market purchases or privately negotiated transactions. The program will remain in effect until the earlier of October 2026 or the repurchase of the entire amount authorized under the plan. During the second quarter of 2026, the Company repurchased $60.0 million of common stock at a weighted average price of $39.54. As of June 30, 2026, $101.8 million in repurchase authorization remained available under the program

•On May 7, 2026, the Company completed a subordinated debt offering, issuing $300.0 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036

Credit Quality

•The Company recorded a provision for credit losses on loans and unfunded commitments of $1.2 million and $2.6 million, respectively, for the second quarter of 2026, representing a decrease of $3.1 million and $1.2 million, respectively, linked quarter

•The ratio of the allowance for credit losses on loans to total loans was 1.54% at June 30, 2026, down 2 basis points linked quarter

•The coverage ratio, or the allowance for credit losses on loans to nonperforming loans, was 158.73% at June 30, 2026, compared to 147.71% at March 31, 2026

•Net loan charge-offs for the second quarter of 2026 were $2.8 million, or 0.06% annualized

•Nonperforming loans to total loans decreased to 0.97% at June 30, 2026 compared to 1.06% at March 31, 2026 , and criticized loans (which include classified and Special Mention loans) to total loans decreased to 2.66% at June 30, 2026, compared to 2.77% at March 31, 2026

(1) This is a non-GAAP financial measure. A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release. The information below under the heading “Non-GAAP Financial Measures” explains why the Company believes the non-GAAP financial measures in this release provide useful information and describes the other purposes for which the Company uses non-GAAP financial measures.

Income Statement


(Dollars in thousands, except per share data)	Three Months Ended										Six Months Ended
	Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2025		Jun 30, 2026		Jun 30, 2025
Interest income
Loans held for investment	$	296,346	$	295,397	$	305,604	$	308,110	$	301,794	$	591,743	$	498,360
Loans held for sale	3,329		2,876		3,617		4,675		4,639		6,205		7,647
Securities	35,660		32,266		30,232		30,217		28,408		67,926		40,525
Other	5,105		7,581		7,480		8,096		9,057		12,686		17,696
Total interest income	340,440		338,120		346,933		351,098		343,898		678,560		564,228
Interest expense
Deposits	106,398		103,860		105,673		115,573		111,921		210,258		191,307
Borrowings	11,288		10,701		13,867		12,005		13,118		21,989		19,865
Total interest expense	117,686		114,561		119,540		127,578		125,039		232,247		211,172
Net interest income	222,754		223,559		227,393		223,520		218,859		446,313		353,056
Provision for credit losses
Provision for loan losses	1,166		4,224		5,473		9,650		75,400		5,390		77,450

Provision for unfunded commitments	2,633		3,856		5,462		800		5,922		6,489		8,622
Total provision for credit losses	3,799		8,080		10,935		10,450		81,322		11,879		86,072
Net interest income after provision for credit losses	218,955		215,479		216,458		213,070		137,537		434,434		266,984
Noninterest income	51,190		50,272		51,125		46,026		48,334		101,462		84,729
Noninterest expense	161,501		155,328		170,750		183,830		183,204		316,829		297,080
Income before income taxes	108,644		110,423		96,833		75,266		2,667		219,067		54,633
Income taxes	21,553		22,195		17,885		15,478		1,649		43,748		12,097
Net income	$	87,091	$	88,228	$	78,948	$	59,788	$	1,018	$	175,319	$	42,536

Adjusted net income (non-GAAP)(1)	$	87,091	$	88,071	$	86,879	$	72,917	$	65,877	$	175,162	$	107,987
Adjusted pre-provision net revenue (“PPNR”) (non-GAAP)(1)	$	112,443	$	118,294	$	118,335	$	103,210	$	103,001	$	230,737	$	160,508

Basic earnings per share	$	0.95	$	0.94	$	0.84	$	0.63	$	0.01	$	1.89	$	0.54
Diluted earnings per share	0.94		0.94		0.83		0.63		0.01		1.88		0.53
Adjusted diluted earnings per share (non-GAAP)(1)	0.94		0.93		0.91		0.77		0.69		1.88		1.36
Average basic shares outstanding	91,650,415		93,693,615		94,469,544		94,623,551		94,580,927		92,666,370		79,209,073
Average diluted shares outstanding	92,220,282		94,228,343		95,172,380		95,284,603		95,136,160		93,219,350		79,671,775
Cash dividends per common share	$	0.24	$	0.23	$	0.23	$	0.22	$	0.22	$	0.47	$	0.44

Performance Ratios


	Three Months Ended										Six Months Ended
	Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2025		Jun 30, 2026		Jun 30, 2025
Return on average assets	1.30	%	1.33	%	1.17	%	0.90	%	0.02	%	1.32	%	0.39	%
Adjusted return on average assets (non-GAAP)(1)	1.30		1.33		1.29		1.09		1.01		1.32		0.98
Return on average tangible assets (non-GAAP)(1)	1.48		1.51		1.35		1.06		0.13		1.50		0.48
Adjusted return on average tangible assets (non-GAAP)(1)	1.48		1.51		1.47		1.27		1.18		1.50		1.12
Return on average equity	9.07		9.20		8.14		6.25		0.11		9.14		2.66
Adjusted return on average equity (non-GAAP)(1)	9.07		9.19		8.95		7.62		7.06		9.13		6.76
Return on average tangible equity (non-GAAP)(1)	16.25		16.36		14.80		11.87		1.43		16.30		5.24
Adjusted return on average tangible equity (non-GAAP)(1)	16.25		16.33		16.18		14.22		13.50		16.29		12.10
Efficiency ratio (fully taxable equivalent)	57.92		55.73		60.23		67.05		67.59		56.83		66.78
Adjusted efficiency ratio (non-GAAP)(1)	54.92		52.82		53.52		57.51		57.07		53.87		59.95
Dividend payout ratio	25.26		24.47		27.38		34.92		2200.00		24.87		81.48

Capital and Balance Sheet Ratios


	As of
	Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025
Shares outstanding	91,403,230			92,881,329			94,636,207			95,020,881			95,019,311
Market value per share	$	42.54		$	36.13		$	35.22		$	36.89		$	35.93
Book value per share	42.35			41.63			41.05			40.26			39.77
Tangible book value per share (non-GAAP)(1)	25.34			25.00			24.65			23.77			23.10
Shareholders’ equity to assets	14.34		%	14.27		%	14.52		%	14.31		%	14.19		%
Tangible common equity ratio (non-GAAP)(1)	9.10			9.08			9.26			8.98			8.77
Leverage ratio(2)	9.55			9.54			9.61			9.46			9.36
Common equity tier 1 capital ratio(2)	11.06			11.22			11.24			11.04			11.08
Tier 1 risk-based capital ratio(2)	11.06			11.22			11.24			11.04			11.08
Total risk-based capital ratio(2)	15.94			14.77			14.78			14.88			14.97

(2) Preliminary

Noninterest Income and Noninterest Expense


(Dollars in thousands)	Three Months Ended										Six Months Ended
	Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2025		Jun 30, 2026		Jun 30, 2025
Noninterest income
Service charges on deposit accounts	$	14,516	$	14,740	$	14,535	$	13,416	$	13,618	$	29,256	$	23,982
Fees and commissions	5,471		4,654		5,192		4,167		6,650		10,125		10,437

Wealth management revenue	9,073		8,678		8,572		8,217		7,345		17,751		14,412
Mortgage banking income	9,178		9,435		8,924		9,017		11,263		18,613		19,410




BOLI income	4,608		3,689		3,697		4,235		3,383		8,297		6,312
Other	8,344		9,076		10,205		6,974		6,075		17,420		10,176
Total noninterest income	$	51,190	$	50,272	$	51,125	$	46,026	$	48,334	$	101,462	$	84,729
Noninterest expense
Salaries and employee benefits	$	96,228	$	91,749	$	98,082	$	98,982	$	99,542	$	187,977	$	171,499
Data processing	5,037		5,221		5,636		5,541		5,438		10,258		9,527
Net occupancy and equipment	18,018		18,031		16,123		18,415		17,359		36,049		29,113
Other real estate owned	453		1,399		481		328		157		1,852		842
Professional fees	4,518		4,402		4,327		3,435		4,223		8,920		7,107
Advertising and public relations	4,677		4,599		4,314		5,254		4,490		9,276		8,787
Intangible amortization	8,370		8,220		8,465		8,674		8,884		16,590		9,964
Communications	3,566		4,009		4,493		3,955		3,184		7,575		5,217
Merger and conversion related expenses	—		—		10,567		17,494		20,479		—		21,270



Other	20,634		17,698		18,262		21,752		19,448		38,332		33,754
Total noninterest expense	$	161,501	$	155,328	$	170,750	$	183,830	$	183,204	$	316,829	$	297,080

Mortgage Banking Income


(Dollars in thousands)	Three Months Ended										Six Months Ended
	Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2025		Jun 30, 2026		Jun 30, 2025
Gain on sales of loans, net(1)	$	4,760	$	5,305	$	5,243	$	5,270	$	5,316	$	10,065	$	9,816
Fees, net	3,470		2,842		2,970		3,050		3,740		6,312		6,057
Mortgage servicing income, net	948		1,288		711		697		2,207		2,236		3,537

Total mortgage banking income	$	9,178	$	9,435	$	8,924	$	9,017	$	11,263	$	18,613	$	19,410

(1) Gain on sales of loans, net includes pipeline fair value adjustments

Balance Sheet


(Dollars in thousands)	As of
	Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2025
Assets
Cash and cash equivalents	$	881,203	$	1,216,980	$	1,070,718	$	1,083,785	$	1,378,612
Securities held to maturity, at amortized cost	983,032		1,006,511		1,030,073		1,051,884		1,076,817
Securities available for sale, at fair value	2,842,424		2,809,647		2,560,818		2,512,650		2,471,487
Loans held for sale, at fair value	241,588		230,980		265,959		286,779		356,791
Loans held for investment	19,196,172		18,975,248		19,047,039		19,025,521		18,563,447
Allowance for credit losses on loans	(296,008)		(295,862)		(293,955)		(297,591)		(290,770)
Loans, net	18,900,164		18,679,386		18,753,084		18,727,930		18,272,677
Premises and equipment, net	464,020		463,723		465,141		471,213		465,100
Other real estate owned	15,571		12,954		15,191		10,578		11,750

Goodwill	1,417,538		1,406,667		1,405,840		1,411,711		1,419,782
Other intangibles	138,022		138,392		146,612		155,077		163,751
Bank-owned life insurance	495,235		494,874		492,541		488,920		486,613
Mortgage servicing rights	65,816		64,850		65,271		65,466		64,539
Other assets	560,386		582,310		480,178		460,172		457,056
Total assets	$	27,004,999	$	27,107,274	$	26,751,426	$	26,726,165	$	26,624,975

Liabilities and Shareholders’ Equity
Liabilities
Deposits:
Noninterest-bearing	$	5,038,070	$	5,183,426	$	5,043,960	$	5,238,431	$	5,356,153
Interest-bearing	16,662,982		16,916,058		16,429,110		16,186,124		16,226,484
Total deposits	21,701,052		22,099,484		21,473,070		21,424,555		21,582,637
Short-term borrowings	315,225		305,863		555,774		606,063		405,349
Long-term debt	796,469		500,342		499,756		558,878		556,976
Other liabilities	320,875		334,667		337,921		310,891		301,159
Total liabilities	$	23,133,621	$	23,240,356	$	22,866,521	$	22,900,387	$	22,846,121

Shareholders’ equity:

Common stock	488,612		488,612		488,612		488,612		488,612
Treasury stock	(232,402)		(173,835)		(103,494)		(90,297)		(90,248)
Additional paid-in capital	2,390,839		2,388,649		2,392,997		2,389,033		2,393,566
Retained earnings	1,327,997		1,263,116		1,196,522		1,139,600		1,100,965
Accumulated other comprehensive loss	(103,668)		(99,624)		(89,732)		(101,170)		(114,041)
Total shareholders’ equity	3,871,378		3,866,918		3,884,905		3,825,778		3,778,854
Total liabilities and shareholders’ equity	$	27,004,999	$	27,107,274	$	26,751,426	$	26,726,165	$	26,624,975

Net Interest Income and Net Interest Margin


(Dollars in thousands)	Three Months Ended
	June 30, 2026						March 31, 2026						June 30, 2025
	Average Balance		Interest Income/ Expense(1)		Yield/ Rate(1)		Average Balance		Interest Income/ Expense(1)		Yield/ Rate(1)		Average Balance		Interest Income/ Expense(1)		Yield/ Rate(1)
Interest-earning assets:
Loans held for investment	$	19,060,083	$	300,112	6.31	%	$	19,035,115	$	299,125	6.37	%	$	18,448,000	$	304,834	6.63	%
Loans held for sale	223,489		3,329		5.96	%	211,507		2,876		5.44	%	287,855		4,639		6.45	%
Taxable securities	3,472,422		29,691		3.42	%	3,380,880		28,861		3.41	%	3,106,565		24,917		3.21	%
Tax-exempt securities	445,249		7,106		6.38	%	432,789		4,542		4.20	%	462,732		4,309		3.72	%
Total securities	3,917,671		36,797		3.76	%	3,813,669		33,403		3.50	%	3,569,297		29,226		3.28	%
Interest-bearing balances with banks	600,075		5,105		3.41	%	823,706		7,581		3.73	%	901,803		9,057		4.03	%
Total interest-earning assets	23,801,318		345,343		5.82	%	23,883,997		342,985		5.81	%	23,206,955		347,756		6.01	%
Cash and due from banks	264,246						290,611						357,338
Intangible assets	1,546,924						1,548,244						1,589,490
Other assets	1,187,805						1,132,508						1,029,082
Total assets	$	26,800,293					$	26,855,360					$	26,182,865
Interest-bearing liabilities:
Interest-bearing demand(2)	$	11,647,640	$	72,261	2.49	%	$	11,741,333	$	72,025	2.49	%	$	11,191,443	$	76,542	2.74	%
Savings deposits	1,307,314		944		0.29	%	1,289,327		876		0.28	%	1,322,007		1,032		0.31	%

Time deposits	3,760,192		33,193		3.54	%	3,583,946		30,959		3.50	%	3,404,482		34,347		4.05	%
Total interest-bearing deposits	16,715,146		106,398		2.55	%	16,614,606		103,860		2.54	%	15,917,932		111,921		2.82	%
Borrowed funds	891,081		11,288		5.07	%	973,114		10,701		4.44	%	1,036,045		13,118		5.07	%
Total interest-bearing liabilities	17,606,227		117,686		2.68	%	17,587,720		114,561		2.64	%	16,953,977		125,039		2.96	%
Noninterest-bearing deposits	5,038,879						5,088,817						5,233,976
Other liabilities	303,586						290,242						249,861
Shareholders’ equity	3,851,601						3,888,581						3,745,051
Total liabilities and shareholders’ equity	$	26,800,293					$	26,855,360					$	26,182,865
Net interest income/ net interest margin (FTE)			$	227,657	3.83	%			$	228,424	3.87	%			$	222,717	3.85	%
Cost of funding					2.08	%					2.05	%					2.26	%
Cost of total deposits					1.96	%					1.94	%					2.12	%

(1) Interest income and weighted average yields on tax-exempt loans and securities have been computed on a fully tax equivalent basis assuming a federal tax rate of 21%.

(2) Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.

Net Interest Income and Net Interest Margin, continued


(Dollars in thousands)	Six Months Ended
	June 30, 2026					June 30, 2025
	Average Balance		Interest Income/ Expense(1)		Yield/ Rate(1)	Average Balance		Interest Income/ Expense(1)		Yield/ Rate(1)
Interest-earning assets:
Loans held for investment	$	19,047,668	$	599,237	6.34%	$	15,722,576	$	504,338	6.47%
Loans held for sale	217,531		6,205		5.71%	244,626		7,647		6.25%
Taxable securities	3,426,904		58,552		3.42%	2,498,428		35,888		2.87%
Tax-exempt securities	439,053		11,648		5.31%	361,827		5,752		3.18%
Total securities	3,865,957		70,200		3.63%	2,860,255		41,640		2.91%
Interest-bearing balances with banks	711,273		12,686		3.60%	863,486		17,696		4.13%
Total interest-earning assets	23,842,429		688,328		5.81%	19,690,943		571,321		5.84%
Cash and due from banks	277,356					270,088
Intangible assets	1,547,581					1,297,622
Other assets	1,160,309					850,231
Total assets	$	26,827,675				$	22,108,884
Interest-bearing liabilities:
Interest-bearing demand(2)	$	11,694,228	$	144,286	2.49%	$	9,522,800	$	131,252	2.78%
Savings deposits	1,298,370		1,820		0.28%	1,069,134		1,743		0.33%

Time deposits	3,672,555		64,152		3.52%	2,941,920		58,312		3.99%
Total interest-bearing deposits	16,665,153		210,258		2.54%	13,533,854		191,307		2.85%
Borrowed funds	931,871		21,989		4.74%	797,714		19,865		5.00%
Total interest-bearing liabilities	17,597,024		232,247		2.66%	14,331,568		211,172		2.97%
Noninterest-bearing deposits	5,063,710					4,326,445
Other liabilities	296,952					229,098
Shareholders’ equity	3,869,989					3,221,773
Total liabilities and shareholders’ equity	$	26,827,675				$	22,108,884
Net interest income/ net interest margin (FTE)			$	456,081	3.85%			$	360,149	3.68%
Cost of funding					2.07%					2.28%
Cost of total deposits					1.95%					2.16%

(1) Interest income and weighted average yields on tax-exempt loans and securities have been computed on a fully tax equivalent basis assuming a federal tax rate of 21%.

(2) Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.

Loan Portfolio


(Dollars in thousands)	As of
	Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2025
Loan Portfolio:
Real estate - 1-4 family mortgage	$	4,568,039	$	4,584,118	$	4,635,033	$	4,642,657	$	4,648,443
Construction and Land Development	2,009,664		1,898,629		1,905,636		1,990,657		1,795,197
Commercial Real Estate - Non-Owner Occupied	6,123,500		6,135,543		6,245,480		6,120,677		5,953,135
Commercial Real Estate - Owner Occupied	3,332,728		3,357,965		3,334,664		3,321,186		3,288,005
Commercial and Industrial	3,063,069		2,895,477		2,818,326		2,834,669		2,756,491
Consumer	99,172		103,516		107,900		115,675		122,176
Total loans	$	19,196,172	$	18,975,248	$	19,047,039	$	19,025,521	$	18,563,447

Credit Quality and Allowance for Credit Losses on Loans


(Dollars in thousands)	As of
	Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025
Nonperforming Assets:
Nonaccruing loans	$	186,432		$	197,515		$	175,730		$	170,756		$	137,999
Loans 90 days or more past due	51			2,779			288			792			3,860
Total nonperforming loans	186,483			200,294			176,018			171,548			141,859
Other real estate owned	15,571			12,954			15,191			10,578			11,750
Total nonperforming assets	$	202,054		$	213,248		$	191,209		$	182,126		$	153,609

Criticized Loans
Classified loans	$	336,816		$	349,068		$	359,235		$	392,721		$	333,626
Special Mention loans	173,401			176,345			201,428			219,792			159,931
Criticized loans	$	510,217		$	525,413		$	560,663		$	612,513		$	493,557

Allowance for credit losses on loans	$	296,008		$	295,862		$	293,955		$	297,591		$	290,770
Net loan charge-offs	$	2,770		$	2,317		$	9,109		$	4,339		$	12,054
Annualized net loan charge-offs / average loans	0.06		%	0.05		%	0.19		%	0.09		%	0.26		%
Nonperforming loans / total loans	0.97			1.06			0.92			0.90			0.76
Nonperforming assets / total assets	0.75			0.79			0.71			0.68			0.58
Allowance for credit losses on loans / total loans	1.54			1.56			1.54			1.56			1.57
Allowance for credit losses on loans / nonperforming loans	158.73			147.71			167.00			173.47			204.97
Criticized loans / total loans	2.66			2.77			2.94			3.22			2.66

CONFERENCE CALL INFORMATION:

A live audio webcast of a conference call with analysts will be available beginning at 10:00 AM Eastern Time (9:00 AM Central Time) on Wednesday, July 29, 2026.

The webcast is accessible through Renasant’s investor relations website at www.renasant.com or https://event.choruscall.com/mediaframe/webcast.html?webcastid=ATOn3Pcb. To access the conference via telephone, dial 1-877-513-1143 in the United States and request the Renasant Corporation 2026 Second Quarter Earnings Webcast and Conference Call. International participants should dial 1-412-902-4145 to access the conference call.

The webcast will be archived on www.renasant.com after the call and will remain accessible for one year. A replay can be accessed via telephone by dialing 1-855-669-9658 in the United States and entering conference number 8054019 or by dialing 1-412-317-0088 internationally and entering the same conference number. Telephone replay access is available until August 12, 2026.

ABOUT RENASANT CORPORATION:

Renasant Corporation is the parent of Renasant Bank, a 122-year-old financial services institution. Renasant has assets of approximately $27.0 billion and operates 279 banking, lending, mortgage and wealth management offices throughout the Southeast and also offers factoring and asset-based lending on a nationwide basis.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

This press release may contain, or incorporate by reference, statements about Renasant Corporation that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “projects,” “anticipates,” “intends,” “estimates,” “plans,” “potential,” “focus,” “possible,” “may increase,” “may fluctuate,” “will likely result,” or similar expressions, or future or conditional verbs such as “will,” “should,” “would” and “could,” are generally forward-looking in nature and not historical facts. Forward-looking statements include information about the Company’s future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. The Company’s management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond the Company’s 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. Prospective investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made.

Important factors currently known to management that could cause the Company’s actual results to differ materially from those in forward-looking statements include the following: (i) the Company’s ability to efficiently integrate acquisitions into its operations, retain the customers of these businesses, grow the acquired operations and realize the cost savings expected from an acquisition to the extent and in the timeframe anticipated by management (including the possibility that such cost savings will not be realized when expected, or at all, as a result of the impact of, or challenges arising from, the integration of the acquired assets and assumed liabilities into the Company, potential adverse reactions or changes to business or employee relationships, or as a result of other unexpected factors or events); (ii) potential exposure to unknown or contingent risks and liabilities the Company has acquired or may acquire; (iii) the effect of economic conditions and interest rates on a national, regional or international basis; (iv) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (v) the Company’s ability to remediate the material weakness in its internal control over financial reporting identified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2026; (vi) competitive pressures in the consumer finance, commercial finance, financial services, asset management, retail banking, factoring and mortgage lending and auto lending industries; (vii) the financial resources of, and products available from, competitors; (viii) changes in laws and regulations as well as changes in accounting standards; (ix) changes in governmental and regulatory policy, whether applicable specifically to financial institutions or impacting the United States generally (such as, for example, changes in trade policy); (x) changes in the securities and foreign exchange markets; (xi) the Company’s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xii) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of the Company’s investment securities portfolio;

(xiii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiv) changes in the sources and costs of the capital the Company uses to make loans and otherwise fund the Company’s operations, due to deposit outflows, changes in the mix of deposits and the cost and availability of borrowings; (xv) general economic, market or business conditions, including the impact of inflation; (xvi) changes in demand for loan and deposit products and other financial services; (xvii) concentrations of credit or deposit exposure; (xviii) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xix) losses resulting from fraudulent activity, including loan and deposit fraud and social engineering attacks targeting the Company’s customers, employees and third party vendors; (xx) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses, including as a result of sophisticated attacks using artificial intelligence (“AI”) and similar tools; (xxi) civil unrest, natural disasters, epidemics and other catastrophic events in the Company’s geographic area; (xxii) geopolitical conditions, including acts or threats of terrorism and actions taken by the United States or other governments in response to acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; (xxiii) the impact, extent and timing of technological changes, including the rapid development of AI technologies; and (xxiv) other circumstances, many of which are beyond management’s control.

Management believes that the assumptions underlying the Company’s forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate. Investors are urged to carefully consider the risks described in the Company’s filings with the SEC from time to time, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.renasant.com and the SEC’s website at www.sec.gov.

The Company undertakes no obligation, and specifically disclaims any obligation, to update or revise forward-looking statements, whether as a result of new information or to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by federal securities laws.

NON-GAAP FINANCIAL MEASURES:

In addition to results presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), this press release and the presentation slides furnished to the SEC on the same Form 8-K as this release contain non-GAAP financial measures, namely, (i) adjusted loan yield, (ii) adjusted net interest income and margin, (iii) pre-provision net revenue (including on an as-adjusted basis), (iv) adjusted net revenue and net income, (v) adjusted diluted earnings per share, (vi) tangible book value per share, (vii) the tangible common equity ratio, (viii) the adjusted return on average assets and on average equity and certain other performance ratios (namely, the ratio of pre-provision net revenue to average assets and the return on average tangible assets and on average tangible common equity (including each of the foregoing on an as-adjusted basis)), (ix) adjusted noninterest expense, and (x) the adjusted efficiency ratio.

These non-GAAP financial measures adjust GAAP financial measures to exclude intangible assets, including related amortization, and/or certain gains or charges, with respect to which the Company is unable to accurately predict when these charges will be incurred or, when incurred, the amount thereof. Management uses these non-GAAP financial measures when evaluating capital utilization and adequacy. In addition, the Company believes that these non-GAAP financial measures facilitate the making of period-to-period comparisons and are meaningful indicators of its operating performance, particularly because these measures are widely used by industry analysts for companies with merger and acquisition activities. Also, because intangible assets such as goodwill and the core deposit intangible can vary extensively from company to company and, as to intangible assets, are excluded from the calculation of a financial institution’s regulatory capital, the Company believes that the presentation of this non-GAAP financial information allows readers to more easily compare the Company’s results to information provided in other regulatory reports and the results of other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables below.

None of the non-GAAP financial information that the Company has included in this release or the accompanying presentation slides are intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP. Investors should note that, because there are no standardized definitions for the calculations as well as the results, the Company’s calculations may not be comparable to similarly titled measures presented by other companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure.

Non-GAAP Reconciliations


(Dollars in thousands, except per share data)	Three Months Ended										Six Months Ended
	Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2025		Jun 30, 2026		Jun 30, 2025
Adjusted Pre-Provision Net Revenue (“PPNR”)
Net income (GAAP)	$	87,091	$	88,228	$	78,948	$	59,788	$	1,018	$	175,319	$	42,536
Income taxes	21,553		22,195		17,885		15,478		1,649		43,748		12,097
Provision for credit losses (including unfunded commitments)	3,799		8,080		10,935		10,450		81,322		11,879		86,072
Pre-provision net revenue (non-GAAP)	$	112,443	$	118,503	$	107,768	$	85,716	$	83,989	$	230,946	$	140,705
Merger and conversion related expenses	—		—		10,567		17,494		20,479		—		21,270



Gain on sales of MSR	—		(209)		—		—		(1,467)		(209)		(1,467)






Adjusted pre-provision net revenue (non-GAAP)	$	112,443	$	118,294	$	118,335	$	103,210	$	103,001	$	230,737	$	160,508

Adjusted Net Income and Adjusted Tangible Net Income
Net income (GAAP)	$	87,091	$	88,228	$	78,948	$	59,788	$	1,018	$	175,319	$	42,536
Amortization of intangibles	8,370		8,220		8,465		8,674		8,884		16,590		9,964
Tax effect of adjustments noted above(1)	(2,084)		(2,047)		(2,112)		(2,164)		(2,212)		(4,131)		(2,481)
Tangible net income (non-GAAP)	$	93,377	$	94,401	$	85,301	$	66,298	$	7,690	$	187,778	$	50,019

Net income (GAAP)	$	87,091	$	88,228	$	78,948	$	59,788	$	1,018	$	175,319	$	42,536
Merger and conversion related expenses	—		—		10,567		17,494		20,479		—		21,270
Day 1 acquisition provision for loan losses	—		—		—		—		62,190		—		62,190
Day 1 acquisition provision for unfunded commitments	—		—		—		—		4,422		—		4,422



Gain on sales of MSR	—		(209)		—		—		(1,467)		(209)		(1,467)







Tax effect of adjustments noted above(1)	—		52		(2,636)		(4,365)		(20,765)		52		(20,964)
Adjusted net income (non-GAAP)	$	87,091	$	88,071	$	86,879	$	72,917	$	65,877	$	175,162	$	107,987
Amortization of intangibles	8,370		8,220		8,465		8,674		8,884		16,590		9,964
Tax effect of adjustments noted above(1)	(2,084)		(2,047)		(2,112)		(2,164)		(2,212)		(4,131)		(2,481)
Adjusted tangible net income (non-GAAP)	$	93,377	$	94,244	$	93,232	$	79,427	$	72,549	$	187,621	$	115,470

Tangible Assets and Tangible Shareholders’ Equity
Average shareholders’ equity (GAAP)	$	3,851,601	$	3,888,581	$	3,849,791	$	3,794,996	$	3,745,051	$	3,869,989	$	3,221,773
Average intangible assets	(1,546,924)		(1,548,244)		(1,563,189)		(1,578,846)		(1,589,490)		(1,547,581)		(1,297,622)
Average tangible shareholders’ equity (non-GAAP)	$	2,304,677	$	2,340,337	$	2,286,602	$	2,216,150	$	2,155,561	$	2,322,408	$	1,924,151

Average assets (GAAP)	$	26,800,293	$	26,855,360	$	26,693,539	$	26,456,596	$	26,182,865	$	26,827,675	$	22,108,884
Average intangible assets	(1,546,924)		(1,548,244)		(1,563,189)		(1,578,846)		(1,589,490)		(1,547,581)		(1,297,622)
Average tangible assets (non-GAAP)	$	25,253,369	$	25,307,116	$	25,130,350	$	24,877,750	$	24,593,375	$	25,280,094	$	20,811,262

Shareholders’ equity (GAAP)	$	3,871,378	$	3,866,918	$	3,884,905	$	3,825,778	$	3,778,854	$	3,871,378	$	3,778,854
Intangible assets	(1,555,560)		(1,545,059)		(1,552,452)		(1,566,788)		(1,583,533)		(1,555,560)		(1,583,533)
Tangible shareholders’ equity (non-GAAP)	$	2,315,818	$	2,321,859	$	2,332,453	$	2,258,990	$	2,195,321	$	2,315,818	$	2,195,321

Total assets (GAAP)	$	27,004,999	$	27,107,274	$	26,751,426	$	26,726,165	$	26,624,975	$	27,004,999	$	26,624,975
Intangible assets	(1,555,560)		(1,545,059)		(1,552,452)		(1,566,788)		(1,583,533)		(1,555,560)		(1,583,533)
Total tangible assets (non-GAAP)	$	25,449,439	$	25,562,215	$	25,198,974	$	25,159,377	$	25,041,442	$	25,449,439	$	25,041,442


Adjusted Performance Ratios
Return on average assets (GAAP)	1.30		%	1.33		%	1.17		%	0.90		%	0.02		%		1.32		%	0.39		%
Adjusted return on average assets (non-GAAP)	1.30			1.33			1.29			1.09			1.01				1.32			0.98
Return on average tangible assets (non-GAAP)	1.48			1.51			1.35			1.06			0.13				1.50			0.48
Pre-provision net revenue to average assets (non-GAAP)	1.68			1.79			1.60			1.29			1.29				1.74			1.28
Adjusted pre-provision net revenue to average assets (non-GAAP)	1.68			1.79			1.76			1.55			1.58				1.73			1.46
Adjusted return on average tangible assets (non-GAAP)	1.48			1.51			1.47			1.27			1.18				1.50			1.12
Return on average equity (GAAP)	9.07			9.20			8.14			6.25			0.11				9.14			2.66
Adjusted return on average equity (non-GAAP)	9.07			9.19			8.95			7.62			7.06				9.13			6.76
Return on average tangible equity (non-GAAP)	16.25			16.36			14.80			11.87			1.43				16.30			5.24
Adjusted return on average tangible equity (non-GAAP)	16.25			16.33			16.18			14.22			13.50				16.29			12.10

Adjusted Diluted Earnings Per Share
Average diluted shares outstanding	92,220,282			94,228,343			95,172,380			95,284,603			95,136,160				93,219,350			79,671,775

Diluted earnings per share (GAAP)	$	0.94		$	0.94		$	0.83		$	0.63		$	0.01			$	1.88		$	0.53
Adjusted diluted earnings per share (non-GAAP)	$	0.94		$	0.93		$	0.91		$	0.77		$	0.69			$	1.88		$	1.36

Tangible Book Value Per Share
Shares outstanding	91,403,230			92,881,329			94,636,207			95,020,881			95,019,311				91,403,230			95,019,311

Book value per share (GAAP)	$	42.35		$	41.63		$	41.05		$	40.26		$	39.77			$	42.35		$	39.77
Tangible book value per share (non-GAAP)	$	25.34		$	25.00		$	24.65		$	23.77		$	23.10			$	25.34		$	23.10

Tangible Common Equity Ratio
Shareholders’ equity to assets (GAAP)	14.34		%	14.27		%	14.52		%	14.31		%	14.19		%		14.34		%	14.19		%
Tangible common equity ratio (non-GAAP)	9.10		%	9.08		%	9.26		%	8.98		%	8.77		%		9.10		%	8.77		%

Adjusted Efficiency Ratio
Net interest income (FTE) (GAAP)	$	227,657		$	228,424		$	232,361		$	228,131		$	222,717			$	456,081		$	360,149

Total noninterest income (GAAP)	$	51,190		$	50,272		$	51,125		$	46,026		$	48,334			$	101,462		$	84,729

Gain on sales of MSR	—			(209)			—			—			(1,467)				(209)			(1,467)




Total adjusted noninterest income (non-GAAP)	$	51,190		$	50,063		$	51,125		$	46,026		$	46,867			$	101,253		$	83,262

Noninterest expense (GAAP)	$	161,501		$	155,328		$	170,750		$	183,830		$	183,204			$	316,829		$	297,080
Amortization of intangibles	(8,370)			(8,220)			(8,465)			(8,674)			(8,884)			—	(16,590)			(9,964)
Merger and conversion expense	—			—			(10,567)			(17,494)			(20,479)				—			(21,270)




Total adjusted noninterest expense (non-GAAP)	$	153,131		$	147,108		$	151,718		$	157,662		$	153,841			$	300,239		$	265,846

Efficiency ratio (GAAP)	57.92		%	55.73		%	60.23		%	67.05		%	67.59		%		56.83		%	66.78		%
Adjusted efficiency ratio (non-GAAP)	54.92		%	52.82		%	53.52		%	57.51		%	57.07		%		53.87		%	59.95		%


Adjusted Net Interest Income and Adjusted Net Interest Margin
Net interest income (FTE) (GAAP)	$	227,657		$	228,424		$	232,361		$	228,131		$	222,717		$	456,081		$	360,149
Net interest income collected on problem loans	(1,166)			(210)			(2,767)			(664)			(2,779)			(1,376)			(3,805)
Accretion recognized on purchased loans	(12,327)			(15,248)			(13,632)			(16,862)			(17,834)			(27,575)			(18,392)
Amortization recognized on purchased time deposits	—			—			—			2,995			4,396			—			4,396
Amortization recognized on purchased long term borrowings	336			336			335			837			1,072			672			1,072
Adjustments to net interest income	$	(13,157)		$	(15,122)		$	(16,064)		$	(13,694)		$	(15,145)		$	(28,279)		$	(16,729)
Adjusted net interest income (FTE) (non-GAAP)	$	214,500		$	213,302		$	216,297		$	214,437		$	207,572		$	427,802		$	343,420

Net interest margin (FTE) (GAAP)	3.83		%	3.87		%	3.89		%	3.85		%	3.85		%	3.85		%	3.68		%
Adjusted net interest margin (FTE) (non-GAAP)	3.61		%	3.61		%	3.62		%	3.62		%	3.58		%	3.61		%	3.51		%

Adjusted Loan Yield
Loan interest income (FTE) (GAAP)	$	300,112		$	299,125		$	309,667		$	311,903		$	304,834		$	599,237		$	504,338
Net interest income collected on problem loans	(1,166)			(210)			(2,767)			(664)			(2,779)			(1,376)			(3,805)
Accretion recognized on purchased loans	(12,327)			(15,248)			(13,632)			(16,862)			(17,834)			(27,575)			(18,392)
Adjusted loan interest income (FTE) (non-GAAP)	$	286,619		$	283,667		$	293,268		$	294,377		$	284,221		$	570,286		$	482,141

Loan yield (GAAP)	6.31		%	6.37		%	6.45		%	6.60		%	6.63		%	6.34		%	6.47		%
Adjusted loan yield (non-GAAP)	6.03		%	6.04		%	6.11		%	6.23		%	6.18		%	6.04		%	6.18		%

(1) Tax effect is calculated based on the respective legal entity’s appropriate federal and state tax rates (as applicable) for the period, and includes the estimated impact of both current and deferred tax expense.

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