Slide 1: Third Quarter 2025 Investor Presentation
Third Quarter 2025 Investor Presentation
Slide 2: Forward-looking statements
This presentation may contain various statements about Renasant Corporation (“Renasant,” “we,” “our,” or “us”) 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.
Slide 3: Snapshot
Snapshot Assets: $26.7 billion Loans: 19.0 Deposits: 21.4 Equity: 3.8 Loans and Deposits by State MS 25% AL 22%FL 12% LA 4% GA 27% TN 10% Loans MS 39% AL 14% FL 9% LA 3% GA 28% TN 7% Deposits Footprint *Republic Business Credit operates on a nationwide basis. Locations in California, Illinois and Te
Slide 4: Third quarter highlights
• Net income of $59.8 million with diluted EPS of $0.63 and adjusted diluted EPS (non-GAAP)(1) of $0.77 • Net interest margin was unchanged linked quarter at 3.85%; adjusted net interest margin (non-GAAP)(1) was 3.62%, up 4 basis points linked quarter • Loans increased $462.1 million, or 9.9% annual
Slide 5: Balance Sheet
Balance Sheet $14,510 $14,573 $14,772 $21,583 $21,425 $0 $5,000 $10 ,000 $15 ,000 $20 ,000 $25 ,000 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Deposits $12,628 $12,885 $13,056 $18,563 $19,026 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Loans $2,658 $2,678 $2,727 $3,779 $3,826 3Q 2024 4Q 2024 1Q 2025 2Q 202
Slide 6: Core Deposit Funding Composition
6 Core Deposit Funding Composition Granularity • Average deposit account balance is $34 thousand; commercial and consumer deposit accounts, excluding time deposit accounts, average approximately $89 thousand and $14 thousand, respectively • Top 20 depositors, excluding public funds, comprise 4.4% of
Slide 7: Liquidity Position
7 Liquidity Position Cash and Securities to Total Assets 17.8% 16.9% 17.5% 18.5% 17.4% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Loans to Deposits 87% 88% 88% 86% 89% $1 $1 $1 $1 $1 $1 $1 $1 $1 $1 $1 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Average Interest Earning Asset M
Slide 8: Capital
8 Capital 14.80% 14.85% 14.93% 14.19% 14.31% 9.76% 9.84% 9.99% 8.77% 8.98% 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Equity to Assets / Tangible Common Equity Ratio (non-GAAP)* Shareholders' equity to assets Tangible common equity ratio (non-GAAP)* $41.82 $42.13 $42.79 $39.77 $40.26 $26.02 $26.36 $27.
Slide 9: Asset Quality
9 Asset Quality 3.02% 2.89% 2.45% 2.66% 3.22% 2.00% 2.50% 3.00% 3.50% 4.00% 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Criticized Loans/Total Loans 0.14% 0.31% 0.31% 0.25% 0.26% 0.0% 0.5% 1.0% 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Loans 30-89 Days Past Due/ Total Loans 0.02% 0.05% 0.00% 0.26% 0.09% 0
Slide 10: Profitability
10 Profitability Note: Dollars in millions except per share amounts. *Adjusted Diluted EPS, Adjusted Net Income, Adjusted Net Interest Income (FTE), PPNR and Adjusted PPNR are non-GAAP financial measures. See slides 23, 24, 25 and 27 in the appendix for a description of the exclusions and a reconcil
Slide 11: Profitability Ratios
11 Profitability Ratios *Adjusted ROAA, Adjusted ROTCE, PPNR/Average Assets, Adjusted PPNR/Average Assets and Adjusted Efficiency Ratio are non-GAAP financial measures. See slides 24, 26 and 29 in the appendix for a description of the exclusions and a reconciliation of these non-GAAP financial measu
Slide 12: Net Interest Margin (FTE), Loan Yield and Cost of Deposits
12 Net Interest Margin (FTE), Loan Yield and Cost of Deposits *Adjusted Net Interest Margin (FTE) and Adjusted Loan Yield are non-GAAP financial measures. See slides 27 and 28 in the appendix for a description of the exclusions and a reconciliation of these non-GAAP financial measures to GAAP. 3.36%
Slide 13: Noninterest Income
Noninterest Income $89.3 $34.2 $36.4 $48.3 $46.0 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Noninterest Income • Noninterest income, excluding the gain on sale of MSR of $1.5 million in the second quarter of 2025, decreased $0.8 million linked quarter Note: Dollars in millions. 13 Service Charges 29% F
Slide 14: Noninterest Expense
14 Noninterest Expense ($ in thousands) 2Q25 3Q25 Change Salaries and employee benefits 99,542$ 98,982$ (560)$ Data processing 5,438 5,541 103 Net occupancy and equipment 17,359 18,415 1,056 Advertising and public relations 4,490 5,254 764 Merger and conversion expenses 20,479 17,494 (2,985) Intangi
Slide 15: Appendix
Appendix
Slide 16: Available Liquidity and Uninsured Deposits
16 Available Liquidity and Uninsured Deposits $13.3 $6.9 Available sources Uninsured and uncollateralized deposits Uninsured Deposits Uncollateralized 6.9$ 32.2 % Collateralized public funds 3.1 14.5 Total 10.0$ 46.7 % % of Total Deposits Internal Sources Cash and cash equivalents 1.1$ Unencumbered
Slide 17: Securities Composition (amortized cost)
17 Securities Composition (amortized cost) Highlights • Amortized cost of $3.7 billion; GAAP value of $3.6 billion, which represents 13.3% of total assets • Duration of 3.9 years • 30% of portfolio HTM based on par value o 10.1% of HTM are CRA investments o 25.2% of HTM are Municipals • Unrealized l
Slide 18: Non-Owner Occupied CRE – Term
18 Non-Owner Occupied CRE – Term* Non-Owner Occupied CRE – Term* Note: As of September 30, 2025. LTV is calculated using the most recent appraisal available. *Excludes construction 15% 12% 10% 22% 6% 7% 20% 5% 3% Warehouse/Industrial Hotels Self Storage Multi-family Medical Office Office (non-medica
Slide 19: Construction Composition
19 Construction Composition Note: As of September 30, 2025; LTV is calculated using the most recent appraisal available. Highlights 27% 14% 19% 6% 4% 12% 10% 4% 3% 1% 1-4 Family Commercial Owner-Occupied Multi-family Office Retail Self Storage Warehouse / Industrial Hotels Senior Housing Other Avera
Slide 20: ACL / Loss Absorption
Forward-Looking Statements 20 ACL / Loss Absorption ($ in thousands) ACL ACL as a % of Loans ACL ACL as a % of Loans Commercial, Financial, Agricultural 59,552$ 2.23 59,993$ 2.17 Lease Financing Receivables 1,935 2.16 1,480 2.00 Real Estate - 1-4 Family Mortgage 65,828 1.35 67,359 1.37 Real Estate -
Slide 21: Mortgage Banking
21 Mortgage Banking Mortgage Banking Income $543.6 $482.3 $632.1 $679.6 $590.2 $- $100 $200 $300 $400 $500 $600 $700 $800 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Locked Volume (in millions) Mix Gain on sale margin* 1.56% 2.01% 1.42% 1.87% 1.32% 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 *Gain on sale m
Slide 22: Reconciliation of Non-GAAP Disclosures
Reconciliation of Non- GAAP Disclosures
Slide 23: Pre-Provision Net Revenue and Adjusted PPNR
Forward-Looking Statements 23 Reconciliation of Non-GAAP Disclosures Pre-Provision Net Revenue and Adjusted Pre-Provision Net Revenue $ in thousands 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Net income (GAAP) 72,455$ 44,747$ 41,518$ 1,018$ 59,788$ Income taxes 24,924 5,006 10,448 1,649 15,478 Provisio
Slide 24: PPNR/Average Assets and Adjusted PPNR/Average Assets
24 Reconciliation of Non-GAAP Disclosures Pre-Provision Net Revenue/Average Assets and Adjusted Pre-Provision Net Revenue/Average Assets $ in thousands 3Q 2024 4Q 2024 1Q 2025 Net income (GAAP) 72,455$ 44,747$ 41,518$ 1,018$ 59,788$ Merger and conversion expense 11,273 2,076 791 20,479 17,494 Day 1
Slide 25: Adjusted Diluted Earnings Per Share
Forward-Looking Statements 25 Reconciliation of Non-GAAP Disclosures Adjusted Diluted Earnings Per Share $ in thousands 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Net income (GAAP) 72,455$ 44,747$ 41,518$ 1,018$ 59,788$ Merger and conversion expense 11,273 2,076 791 20,479 17,494 Day 1 acquisition prov
Slide 26: Return on Average Tangible Common Equity (Adjusted)
26 Reconciliation of Non-GAAP Disclosures Return on Average Tangible Common Equity (Adjusted) $ in thousands 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Net income (GAAP) 72,455$ 44,747$ 41,518$ 1,018$ 59,788$ Merger and conversion expense 11,273 2,076 791 20,479 17,494 Day 1 acquisition provision for l
Slide 27: Adjusted Net Interest Income (FTE) and Adjusted Net Interest Margin
Forward-Looking Statements 27 Reconciliation of Non-GAAP Disclosures Adjusted Net Interest Income (FTE) and Adjusted Net Interest Margin $ in thousands 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Net interest income (FTE) (GAAP) 133,576$ 135,502$ 137,432$ 222,717$ 228,131$ Less: Net interest income coll
Slide 28: Adjusted Loan Yield
28 Reconciliation of Non-GAAP Disclosures Adjusted Loan Yield $ in thousands 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Loan interest income (FTE) (GAAP) 204,935$ 201,562$ 199,504$ 304,834$ 311,903$ Less: Net interest income collected on problem loans 642 151 1,026 2,779 664 Accretable yield recognized
Slide 29: Adjusted Efficiency Ratio
Forward-Looking Statements 29 Reconciliation of Non-GAAP Disclosures Adjusted Efficiency Ratio $ in thousands 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Net interest income (FTE) (GAAP) 133,576$ 135,502$ 137,432$ 222,717$ 228,131$ Total noninterest income (GAAP) 89,299 34,218 36,395 48,334 46,026 Gain
Slide 30: Tangible Common Equity and Tangible Book Value
30 Reconciliation of Non-GAAP Disclosures Tangible Common Equity and Tangible Book Value $ in thousands 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Shareholders' equity (GAAP) 2,658,078$ 2,678,318$ 2,727,105$ 3,778,854$ 3,825,778$ Intangibles 1,004,136 1,003,003 1,001,923 1,583,533 1,566,788 Tangible sh
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