Renasant Corporation · NYSE:RNST
Renasant — Q3 2026 Earnings Presentation
25 slides from Renasant's earnings presentation, 2026
Slide 1: Third Quarter 2026 Earnings Call
Third Quarter 2026 Earnings Call
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
Overview Snapshot Footprint Assets: $27.5 billion Loans: 19.8 Deposits: 21.6 Equity: 3.8 Loans and Deposits by State(1) Loans Deposits TN GA TN * 8% 25% 12% GA MS 28% 25% MS LA 39% FL LA 5% 3% 10% AL FL AL 23% 8% 14% * Republic Business Credit operates on a nationwide basis. Locations in California,
Slide 4: Third Quarter Highlights
Third Quarter Highlights • Net income was $78.9 million, with both diluted EPS and adjusted diluted EPS (non-GAAP)(1) of $0.86 Net Income $78.9 million • Net interest margin was 3.77%, down 6 basis points linked quarter; adjusted net interest margin (non-GAAP)(1) was 3.58%, down 3 basis points linke
Slide 5: Balance Sheet
Balance Sheet Assets ($mm) Loans ($mm) $19,752 $27,107 $27,518 $26,726 $26,751 $27,005 $19,196 $19,026 $19,047 $18,975 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Deposits ($mm) Equity ($mm) $22,099 $3,826 $3,885 $3,867 $3,871 $3,832 $21,425 $21,473 $21,701 $21,62
Slide 6: Deposit Funding
Deposit Funding Composition ($000s) Customer Mix 3Q 2026 $21,627,858 3Q 2026 45% 38% 17% 2Q 2026 $21,701,052 2Q 2026 45% 38% 17% 1Q 2026 $22,099,484 1Q 2026 44% 37% 19% 4Q 2025 $21,473,070 4Q 2025 44% 38% 18% 3Q 2025 $21,424,555 3Q 2025 44% 39% 17% Noninterest-bearing Interest-bearing (1) Savings Ti
Slide 7: Liquidity Position
Liquidity Position Cash and Securities to Total Assets Loans to Deposits 18.6% 17.4% 17.4% 17.4% 16.5% 89% 89% 88% 91% 86% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Average Interest Earning Asset Mix (3Q 2026) 2% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Loans Held for Investment 16% 1% Loans Held for S
Slide 8: Capital Position
Capital Position Equity to Assets / Tangible Common Equity Ratio (non-GAAP)(1) Common Equity Tier 1 Ratio / Total Risk-based Capital Ratio 14.31% 14.52% 14.27% 14.34% 13.93% 15.94% 15.52% 14.88% 14.78% 14.77% 11.04% 11.24% 11.22% 11.06% 10.92% 8.98% 9.26% 9.08% 9.10% 8.80% 3Q 2025 4Q 2025 1Q 2026 2Q
Slide 9: Loan Composition
Loan Composition Quarter Highlights QoQ Loans HFI Bridge ($mm) • Loans increased $555.9 million linked quarter. The increase was driven by strong production during the quarter and lower payoff activity on a linked quarter basis $88 $19,752 $56 $(5) • Average loan balance: $342,111 $250 1% $102 $65 $
Slide 10: Loan Activity
Loan Activity QoQ Loan Bridge ($mm) Production & Advance Trends ($mm) $835 $1,205 $950 $914 $957 $901 $1,205 $806 $827 $835 $757 $(790) $609 $19,752 $19,196 $(694) 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Production Advances Payoff & Paydown Trends ($mm) $876 $895 $813 $790 $706 $742 $695 $694 $657 $
Slide 11: Asset Quality
Asset Quality Quarter Highlights Accruing Loans 30-89 Days Past Due • Average NPL balance: $299,416 • 98% of accruing criticized loans are current 0.47% 0.36% 0.26% • Average criticized loan balance: $481,943 0.16% 0.19% • Net charge-offs of 20 bps were primarily concentrated in a single credit, acc
Slide 12: Asset Quality (cont.)
Asset Quality (cont.) Nonperforming Loans & Nonperforming Assets NPLs by Loan Category ($000s) 1.06% 0.97% 0.90% 0.92% 0.89% Real Estate 1-4 Family $61,784 Mortgage 0.79% 0.75% 0.68% 0.71% 0.69% Construction and Land $8,795 Development 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Commercial Real Estate -
Slide 13: Profitability
Profitability Diluted EPS / Adjusted Diluted EPS (non-GAAP)(1) Net Income / Adjusted Net Income (non-GAAP)(1) $0.94 $0.93 $0.94 $0.94 $86.9 $88.2 $88.1 $87.1 $87.1 $0.91 $78.9 $78.9 $78.9 $0.83 $0.86 $0.86 $0.77 $72.9 $0.63 $59.8 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 3Q 2025 4Q 2025 1Q 2026 2Q 202
Slide 14: Profitability Ratios
Profitability Ratios ROAA / Adjusted ROAA (non-GAAP)(1) ROAE / Adjusted ROTCE (non-GAAP)(1) 16.18% 16.33% 16.25% 1.29% 1.33% 1.30% 14.51% 1.16% 14.22% 1.09% 1.33% 1.30% 1.17% 1.16% 0.90% 6.25% 9.20% 9.07% 8.14% 8.07% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 ROA
Slide 15: Net Interest Margin (FTE) and Loan Yield
Net Interest Margin (FTE) and Loan Yield Net Interest Margin (FTE) / Adjusted Net Interest Margin (FTE) (non-GAAP)(1) Loan Yield / Adjusted Loan Yield (non-GAAP)(1) 3.89% 3.87% 3.85% 3.83% 3.77% 6.60% 6.45% 6.37% 6.31% 6.31% 3.62% 3.62% 3.61% 3.61% 3.58% 6.23% 6.11% 6.08% 6.04% 6.03% 3Q 2025 4Q 2025
Slide 16: Noninterest Income
Noninterest Income Composition ($000s) Quarter Highlights • Noninterest income decreased $1.9 million linked quarter, 3Q 2026 $49,275 primarily reflecting lower mortgage banking income due to higher mortgage interest rates, lower production and market value adjustments on loans held for sales in pro
Slide 17: Noninterest Expense
Noninterest Expense Composition ($000s) Quarter Highlights • Noninterest expense decreased $1.2 million linked quarter, driven primarily by a decline in deferred 3Q 2026 $160,334 compensation expense tied to market valuations and an increase in deferred loan costs driven by loan growth, offset by hi
Slide 18: Appendix
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Slide 19: Loan Repricing and Maturity
Loan Repricing and Maturity (Dollars in millions) Repricing Term(1) Rate Structure 3 mos or Over 15 Total Loans less 3-12 mos 1-3 years 3-5 years 5-15 years years Total Variable Fixed Commercial and Industrial $ 2,122 $ 153 $ 318 $ 393 $ 163 $ 2 $ 3,151 $ 2,099 $ 1,052 Commercial Real Estate - Owner
Slide 20: Securities
Securities Composition (Amortized Cost) Quarter Highlights Other 1% • Amortized cost of $4.0 billion; GAAP value of $3.8 billion, which represents 13.8% of total assets • Duration of 4.0 years SBA 8% • 24% of portfolio HTM based on par value Agency Agency CMO ◦ 10.9% of HTM are CRA investments CMBS
Slide 21: Commercial Real Estate - Non-owner Occupied
Commercial Real Estate - Non-owner Occupied Composition Quarter Highlights 3% Warehouse/ Warehouse/Industrial (Dollars in millions) Retail Multi-Family Industrial 4% 16% Retail Amount $1,421.7 $1,250.2 $1,054.6 12% Multi-family Avg Loan Size(1) $1.6 $2.5 $2.6 Self Storage 7% $6.4 Medical Office Perc
Slide 22: Construction and Land Development
Construction and Land Development Composition Quarter Highlights 3% 1% 1% Amount ($mm) $2,112.0 1-4 Family Land & Dev. Avg Loan Size ($mm)(1) $1.3 9% 19% Commercial Owner-Occupied Percent of Loans 10.7% 5% Multi-family Office 10% $2.1 Retail Past Due or Nonaccrual 0.43% Billion Self Storage ACL Rese
Slide 23: Quarterly ACL Changes
Quarterly ACL Changes $6,830 $(1,669) $(1,434) $(165) $296,008 $296,094 $(3,476) 2Q 2026 Balance Changes Q-Factor Loss Rates Loan Credit Other 3Q 2026 Changes Migration Individually Evaluated (1) Note: Dollars in thousands (1) Net Charge-offs are included in Other Individually Evaluated 23
Slide 24: Mortgage Banking
Mortgage Banking Mortgage Banking Income ($000s) Mix (%) 3Q 2025 2Q 2026 3Q 2026 3Q 2025 2Q 2026 3Q 2026 Gain on sales of loans, net $ 5,270 $ 4,760 $ 2,390 Wholesale 39 32 32 Fees, net 3,050 3,470 2,945 Retail 61 68 68 Mortgage servicing income, net 697 948 1,988 Purchase 77 79 77 Mortgage banking
Slide 25: Renasant Corporation
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