Renasant Corporation · NYSE:RNST
Renasant — Q3 2025 Earnings Presentation
22 slides from Renasant's earnings presentation, Oct 29, 2025
Slide 1: Third Quarter 2025 Earnings Call
Third Quarter 2025 Earnings Call
Slide 2: Forward-Looking Statements
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 Exchan
Slide 3: Overview
Overview Snapshot Footprint Assets: $26.7 billion Loans: 19.0 Deposits: 21.4 Equity: 3.8 Loans and Deposits by State Loans Deposits TN TN 10% MS 7% 25% GA MS * GA 27% 28% 39% AL FL 22% AL 12% LA 14% LA 3% 4% FL *Republic Business Credit operates on a nationwide basis. Locations in California, Illino
Slide 4: Third Quarter Highlights
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.
Slide 5: Balance Sheet
Balance Sheet Assets Loans $26,625 $26,726 $19,026 $18,563 $17,959 $18,035 $18,271 $12,628 $12,885 $13,056 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Deposits Equity $3,779 $3,826 $21,583 $21,425 $25 ,000 $20 ,000 $14,510 $14,573 $14,772 $2,658 $2,678 $2,727 $15
Slide 6: Core Deposit Funding
Core Deposit Funding Composition Granularity • Average deposit account balance is $34 thousand; commercial and consumer deposit accounts, excluding 16% time deposit accounts, average approximately $89 24% thousand and $14 thousand, respectively 6% • Top 20 depositors, excluding public funds, compris
Slide 7: Liquidity Position
Liquidity Position Cash and Securities to Total Assets Loans to Deposits $1 $0 $1 $0 $1 $0 18.5% 17.8% $1 $0 17.5% 17.4% 16.9% $1 89% $0 88% 88% $1 $0 $1 87% 86% $0 $1 $0 $1 $0 $1 $0 $1 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Average Interest Earning Asset Mix
Slide 8: Capital
Capital Equity to Assets / Tangible Common Equity Ratio CET1 / TRBC (non-GAAP)* 17.32% 17.08% $0 16.89% 14.85% 14.93% 14.19% 14.31% $0 14.97% 14.80% $0 14.88% 12.88% 12.73% 12.59% 11.08% 11.04% $0 9.76% 9.84% 9.99% 8.77% 8.98% $0 $0 $0 $0 $0 $0 $0 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 3Q 2024 4Q 2
Slide 9: Asset Quality
Asset Quality Criticized Loans/Total Loans Loans 30-89 Days Past Due/ Allowance/Nonperforming Loans 4.00% 1.0% Total Loans 400% 3.50% 3.22% 3.02% 207% 205% 2.89% 168% 178% 173% 3.00% 0.5% 200% 2.66% 0.31% 0.31% 2.45% 0.25% 0.26% 2.50% 0.14% 2.00% 0.0% 0% 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 3Q 20
Slide 10: Profitability
Profitability Diluted EPS / Adjusted Diluted EPS (non-GAAP)* Net Income / Adjusted Net Income (non-GAAP)* $1.18 $72.5 $72.9 $65.9 $59.8 $0.70 $0.70 $0.73 $0.69 $0.77 $0.65 $0.66 $0.63 $43.0 $44.7 $46.5 $41.5 $42.1 $0.01 $1.0 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q
Slide 11: Profitability Ratios
Profitability Ratios 1.63% ROAA / Adjusted ROAA (non-GAAP*) ROAE / Adjusted ROTCE (non-GAAP)* 13.50% 14.22% 1.09% 11.26% 11.38% 1.03% 0.95% 1.01% 10.30% 0.99% 0.94% 11.29% 0.97% 0.90% 6.70% 6.25% 6.25% 0.02% 0.11% 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 ROAA (
Slide 12: Net Interest Margin (FTE), Loan Yield and Cost of Deposits
Net Interest Margin (FTE), Loan Yield and Cost of Deposits Net Interest Margin (FTE) / Adjusted Net Interest Loan Yield / Adjusted Loan Yield (non-GAAP)* Margin (FTE)(non-GAAP)* 6.63% 6.60% 3.85% 3.85% 6.47% 6.29% 6.24% 3.45% 6.41% 3.36% 3.36% 3.62% 3.58% 6.27% 6.23% 6.19% 6.18% 3.42% 3.32% 3.34% 3Q
Slide 13: Noninterest Income
Noninterest Income ($ in thousands) 2Q25 3Q25 Change Mix - 3Q 2025 Service charges $ 13,618 $ 13,416 $ (202) Fees and commissions 6,650 4,167 (2,483) Wealth management 7,345 8,217 872 Mortgage banking 11,263 9,017 (2,246) Service Other Charges BOLI 3,383 4,235 852 24% 29% Other 6,075 6,974 899 Total
Slide 14: Noninterest Expense
Noninterest Expense Mix – 3Q 2025 ($ in thousands) 2Q25 3Q25 Change Salaries and employee benefits $ 99,542 $ 98,982 $ (560) Data processing 5,438 5,541 103 Other 16% Intangible Net occupancy and equipment 17,359 18,415 1,056 amortization 5% Advertising and public relations 4,490 5,254 764 Merger an
Slide 15: Appendix
Appendix
Slide 16: Available Liquidity and Uninsured Deposits
Available Liquidity and Uninsured Deposits $13.3 Liquidity Sources Internal Sources Cash and cash equivalents $ 1.1 Unencumbered securities 2.1 External Sources $6.9 FHLB borrowing capacity(1) 5.0 Federal Reserve Discount Window 0.7 Other(2) 4.4 Total $ 13.3 Uninsured % of Total Deposits Deposits Av
Slide 17: Securities
Securities Composition (amortized cost) Highlights Other 2% • Amortized cost of $3.7 billion; GAAP value of $3.6 billion, SBA 10% which represents 13.3% of total assets • Duration of 3.9 years • 30% of portfolio HTM based on par value Agency Agency o 10.1% of HTM are CRA investments CMBS CMO 30% o 2
Slide 18: Non-Owner Occupied CRE – Term
Non-Owner Occupied CRE – Term* Non-Owner Occupied CRE – Term* Highlights 3% Office Warehouse/Industrial Multi-Family (Non-Medical) 5% 15% Hotels Amount $450.7- $1,365.2- Self Storage 20% Avg Loan Size1 1.0-- 2.7- Multi-family 12% Medical Office % of Loans 2.4% 7.2% Office (non-medical) % Past Due or
Slide 19: Construction
Construction Composition Highlights 1-4 Family 1% 3% Commercial Owner-Occupied Average Loan Size1 $1.88 million 4% Multi-family % of Total Loans 8.0% 10% 27% Office % Past Due or Nonaccrual 0.5-- Retail Weighted Average LTV 60.8- 12% Self Storage (1) Based on commitment amount Warehouse / 4% 14% Ind
Slide 20: ACL / Loss Absorption
ACL / Loss Absorption Forward-Looking Statements 6/30/2025 9/30/2025 ACL as a % ACL as a % ($ in thousands) ACL of Loans ACL 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
Slide 21: Mortgage Banking
Mortgage Banking Mortgage Banking Income Mix ($ in thousands) 3Q24 2Q25 3Q25 (in %) 3Q24 2Q25 3Q25 Gain on sales of loans, net $ 4,499 $ 5,316 $ 5,270 Wholesale 47 33 39 Fees, net 2,646 3,740 3,050 Retail 53 67 61 Mortgage servicing income, net 1,302 2,207 697 Purchase 87 84 77 Mortgage banking inco
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