Slide 1: First Quarter 2026 Investor Presentation
First Quarter 2026 Investor Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain various statements about Renasant Corporation (“Renasant,” the “Company,” “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 Se
Slide 3: Overview: Snapshot and Footprint
Assets: $27.1 billion Loans: 19.0 Deposits: 22.1 Equity: 3.9 Loans TN 11% MS 25% AL 22% FL 12% LA 4% GA 26% Deposits TN 8% MS 40% AL 14% FL 7% LA 3% GA 28% * 3 Overview Note: As of March 31, 2026 (1) As determined by the office or branch of origination Snapshot Footprint Loans and Deposits by State(
Slide 4: First Quarter Highlights
First Quarter Highlights • Net income was $88.2 million with diluted EPS of $0.94 and adjusted diluted EPS (non- GAAP)(1) of $0.93 • Net interest margin was 3.87%, down 2 basis points linked quarter; adjusted net interest margin (non-GAAP)(1) decreased 1 basis point linked quarter to 3.61% • Return
Slide 5: Balance Sheet
$18,271 $26,625 $26,726 $26,751 $27,107 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $13,056 $18,563 $19,026 $19,047 $18,975 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $14,772 $21,583 $21,425 $21,473 $22,099 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $2,727 $3,779 $3,826 $3,885 $3,867 1Q 2025 2Q 2025 3Q 2025 4
Slide 6: Deposit Composition and Funding
(1) Includes money market deposits (2) Excludes time deposits and public fund deposits Composition ($000s) Quarter Highlights 6 $22,099,484 $21,473,070 $21,424,555 $21,582,637 $14,772,095 Noninterest-bearing Interest-bearing (1) Savings Time 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 Deposit Funding •
Slide 7: Liquidity Position
Cash and Securities to Total Assets Loans to Deposits Average Interest Earning Asset Mix (1Q 2026) 17.5% 18.5% 17.4% 17.4% 18.6% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 88% 86% 89% 89% 86% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 80% 1% 16% 3% Loans Held for Investment Loans Held for Sale Securities
Slide 8: Capital and Quarter Highlights
14.93% 14.19% 14.31% 14.52% 14.27% 9.99% 8.77% 8.98% 9.26% 9.08% Shareholders' equity to assets Tangible common equity ratio (non-GAAP)(1) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 12.59% 11.08% 11.04% 11.24% 11.22% 16.89% 14.97% 14.88% 14.78% 14.77% Common equity tier 1 capital ratio Total risk-based
Slide 9: QoQ Loans HFI Bridge and Loan Composition
QoQ Loans HFI Bridge ($mm) $19,047 $(51) $(7) $(110) $23 $77 $(4) $18,975 Q 4 2025 RE-1-4 Fam ily C&LD NO O CRE O O CRE C&I Consum er Q 1 2026 Quarter Highlights • Loans decreased $71.8 million linked quarter • Average loan balance: ~$317,000 24% 10% 32% 18% 15% 1% Real estate - 1-4 Family Mortgage
Slide 10: Loan Activity
$645 $805 $950 $914 $609$551 $730 $757 $806 $827 Production Advances 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $557 $657 $587 $876 $813 $468 $567 $657 $706 $695 Payoffs Paydowns 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $19,047 $609 $827 $(813) $(695) $18,975 4Q 2025 Production Advances Payoffs Paydowns
Slide 11: Asset Quality
11 $203,931 $290,770 $297,591 $293,955 $295,862 1.56% 1.57% 1.56% 1.54% 1.56% —% 0.26% 0.09% 0.19% 0.05% ACL ACL/Loans Net Charge-offs / Average Loans 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $320,432 $493,557 $612,513 $560,663 $525,413 2.45% 2.66% 3.22% 2.94% 2.77% Criticized loans Criticized loans
Slide 12: Asset Quality (cont.)
0.59% 0.58% 0.68% 0.71% 0.79% 0.76% 0.76% 0.90% 0.92% 1.06% NPAs/Total Assets NPLs/Total Loans 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 12 $61,311 $12,323 $49,930 $29,433 $47,093 $204 Real Estate 1-4 Family Mortgage Construction and Land Development Commercial Real Estate - Non-Owner Occupied Commerc
Slide 13: Profitability
$0.65 $0.01 $0.63 $0.83 $0.94 $0.66 $0.69 $0.77 $0.91 $0.93 Diluted EPS (GAAP) Adjusted Diluted EPS (non-GAAP)(1) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $137.4 $222.7 $228.1 $232.4 $228.4 $135.8 $207.6 $214.4 $216.3 $213.3 Net interest income (FTE) Adjusted net interest income (FTE) (non-GAAP)(1) 1
Slide 14: Profitability Ratios
0.94% 0.02% 0.90% 1.17% 1.33%0.95% 1.01% 1.09% 1.29% 1.33% ROAA (GAAP) ROAA (Adjusted) (non-GAAP)(1) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 6.25% 0.11% 6.25% 8.14% 9.20% 10.30% 13.50% 14.22% 16.18% 16.33% ROAE (GAAP) ROTCE (Adjusted) (non-GAAP)(1) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1.28% 1.29%
Slide 15: Net Interest Margin (FTE) and Loan Yield
3.45% 3.85% 3.85% 3.89% 3.87% 3.42% 3.58% 3.62% 3.62% 3.61% Net Interest Margin Adjusted Net Interest Margin (FTE) (non-GAAP)(1) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 6.24% 6.63% 6.60% 6.45% 6.37% 6.19% 6.18% 6.23% 6.11% 6.04% Loan yield Adjusted Loan Yield (non-GAAP)(1) 1Q 2025 2Q 2025 3Q 2025 4Q
Slide 16: Noninterest Income
• Noninterest income decreased $0.8 million linked quarter • The decline in noninterest income is primarily related to Q4 2025 results being impacted by a one-time gain of $2.0 million resulting from the exit of low-income housing tax credit partnerships. The absence of this gain in Q1 2026 results
Slide 17: Noninterest Expense and Efficiency Ratio
• Noninterest expense decreased $15.4 million linked quarter, which includes a decrease of $10.6 million in merger and conversion expenses linked quarter • The Company continued to realize cost savings from the integration with The First 17 Quarter Highlights 64.43% 57.07% 57.51% 53.52% 52.82% 65.51
Slide 18: Efficiency Improvements
$153,841 $147,108 Adjusted noninterest expense (non-GAAP)(1) 2Q 2025 1Q 2026 Efficiency Improvements 3.3% increase in adjusted net revenue since Q2 2025 $269,584 $278,487 Adjusted Net Revenue (non-GAAP)(1) 2Q 2025 1Q 2026 4.4% reduction in adjusted noninterest expense since Q2 2025 Continued focus o
Slide 19: Appendix
Appendix
Slide 20: Loan Repricing and Rate Structure
(Dollars in millions) Repricing Term(1) Rate Structure Total Loans 3 mos or less 3-12 mos 1-3 years 3-5 years 5-15 years Over 15 years Total Variable Fixed Commercial and Industrial $ 1,814 $ 213 $ 300 $ 367 $ 200 $ 2 $ 2,896 $ 1,860 $ 1,036 Commercial Real Estate - Owner-Occupied 1,284 211 589 736
Slide 21: Securities Composition
Note: As of March 31, 2026 Agency CMO 27% Agency MBS 35% Municipal 14% Agency CMBS 14% SBA 8% Other 2% 21 • Amortized cost of $4.0 billion; GAAP value of $3.8 billion, which represents 14.1% of total assets • Duration of 3.6 years • 27% of portfolio HTM based on par value ◦ 10.3% of HTM are CRA inve
Slide 22: Commercial Real Estate - Non-owner Occupied
15% 21% 21% 10% 6% 7% 12% 5% 3% Warehouse/Industrial Retail Multi-family Self Storage Medical Office Office (non-medical) Hotel Senior Housing Other Quarter Highlights Note: LTV is calculated using the most recent appraisal available. (1) Based on commitment amount. (2) Includes reserves for both lo
Slide 23: Construction and Land Development
23 22% 25% 10% 14% 5% 6% 7% 7% 2% 1%1% 1-4 Family Land & Dev. Commercial Owner-Occupied Multi-family Office Retail Self Storage Warehouse / Industrial Hotels Other Senior Housing Amount ($mm) $1,898.6 Avg Loan Size ($mm)(1) 1.2 % of Loans 10.0 % Past Due or Nonaccrual 0.65 ACL Reserve%(2) 1.95 WA LT
Slide 24: Quarterly ACL Changes
Quarterly ACL Changes $293,955 $(2,166) $1,854 $710 $(852) $2,593 $(232) $295,862 4Q 2025 Balance Changes Q-Factor Changes Loss Rates Loan Credit Migration Other Ind. Reviewed Unallocated 1Q 2026 24 Note: Dollars in thousands
Slide 25: Mortgage Banking
25 ($ in 000s) 1Q 2025 4Q 2025 1Q 2026 Gain on sales of loans, net $ 4,500 $ 5,243 $ 5,305 Fees, net 2,317 2,970 2,842 Mortgage servicing income, net 1,330 711 1,288 Mortgage banking income, net $ 8,147 $ 8,924 $ 9,435 (in %) 1Q 2025 4Q 2025 1Q 2026 Wholesale 39 37 42 Retail 61 63 58 Purchase 80 72
Slide 26: Reconciliation of Non-GAAP Disclosures
Reconciliation of Non-GAAP Disclosures
Slide 27: Pre-Provision Net Revenue and Adjusted PPNR
Reconciliation of Non-GAAP disclosures Pre-Provision Net Revenue and Adjusted Pre-Provision Net Revenue ($ in 000s) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Net income (GAAP) $ 41,518 $ 1,018 $ 59,788 $ 78,948 $ 88,228 Income taxes 10,448 1,649 15,478 17,885 22,195 Provision for credit losses (includ
Slide 28: PPNR/Average Assets and Adjusted Net Income
28 Reconciliation of Non-GAAP disclosures Pre-Provision Net Revenue/Average Assets and Adjusted Pre-Provision Net Revenue/Average Assets (1) Tax effect is calculated based on the respective legal entity’s appropriate federal and state tax rates (as appliable) for the period, and includes the estimat
Slide 29: Adjusted Diluted Earnings Per Share
29 Reconciliation of Non-GAAP disclosures Adjusted Diluted Earnings Per Share ($ in 000s), except per share data 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Net income (GAAP) $ 41,518 $ 1,018 $ 59,788 $ 78,948 $ 88,228 Merger and conversion expense 791 20,479 17,494 10,567 — Day 1 acquisition provision
Slide 30: Return on Average Tangible Common Equity (Adjusted)
Reconciliation of Non-GAAP disclosures Return on Average Tangible Common Equity (Adjusted) ($ in 000s) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Net income (GAAP) $ 41,518 $ 1,018 $ 59,788 $ 78,948 $ 88,228 Merger and conversion expense 791 20,479 17,494 10,567 — Day 1 acquisition provision for loan l
Slide 31: Adjusted Net Interest Income (FTE) and Margin
31 Adjusted Net Interest Income (FTE) and Adjusted Net Interest Margin Reconciliation of Non-GAAP disclosures ($ in 000s) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Net interest income (FTE) (GAAP) $ 137,432 $ 222,717 $ 228,131 $ 232,361 $ 228,424 Less: Net interest income collected on problem loans 1,
Slide 32: Adjusted Loan Yield
32 Adjusted Loan Yield Reconciliation of Non-GAAP disclosures ($ in 000s) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Loan interest income (FTE) (GAAP) $ 199,504 $ 304,834 $ 311,903 $ 309,667 $ 299,125 Less: Net interest income collected on problem loans 1,026 2,779 664 2,767 210 Accretable yield recogn
Slide 33: Adjusted Efficiency Ratio
33 Reconciliation of Non-GAAP disclosures Adjusted Efficiency Ratio ($ in 000s) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Net interest income (FTE) (GAAP) $ 137,432 $ 222,717 $ 228,131 $ 232,361 $ 228,424 Total noninterest income (GAAP) 36,395 48,334 46,026 51,125 50,272 Gain on sale of MSR — 1,467 —
Slide 34: Tangible Common Equity and Tangible Book Value
Reconciliation of Non-GAAP disclosures Tangible Common Equity and Tangible Book Value ($ in 000s) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Shareholders' equity (GAAP) $ 2,727,105 $ 3,778,854 $ 3,825,778 $ 3,884,905 $ 3,866,918 Intangibles (1,001,923) (1,583,533) (1,566,788) (1,552,452) (1,545,059) Ta
Slide 35: Renasant Corporation
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