Slide 1: First Quarter 2026 Earnings Call
First 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: $27.1 billion Loans: 19.0 Deposits: 22.1 Equity: 3.9 Loans and Deposits by State(1) Loans Deposits TN TN 8% GA 11% * 26% GA MS 28% 25% MS LA LA 40% 4% FL 3% 12% AL AL FL 22% 7% 14% * Republic Business Credit operates on a nationwide basis. Locations in California,
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 Net Income $88.2 million interest margin (non-GAAP)(1) decreased 1 basis point linked q
Slide 5: Balance Sheet
Balance Sheet Assets Loans $26,726 $26,751 $27,107 $19,026 $19,047 $18,975 $26,625 $18,563 $13,056 $18,271 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Deposits Equity $21,583 $22,099 $3,779 $3,826 $3,885 $3,867 $21,425 $21,473 $2,727 $14,772 1Q 2025 2Q 2025 3Q 202
Slide 6: Deposit Funding
Deposit Funding Composition Customer Mix 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% 2Q 2025 $21,582,637 2Q 2025 50% 31% 19% 1Q 2025 $14,772,095 1Q 2025 48% 35% 17% Noninterest-bearing Interest-bearing (1) Savings Time Consu
Slide 7: Liquidity Position
Liquidity Position Cash and Securities to Total Assets Loans to Deposits 18.5% 18.6% 17.5% 17.4% 17.4% 88% 86% 89% 89% 86% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Average Interest Earning Asset Mix (1Q 2026) 3% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Loans Held for Investment 16% 1% Loans Held for S
Slide 8: Capital
Capital Equity to Assets / Tangible Common Equity Ratio (non-GAAP)* Common Equity Tier 1 Ratio / Total Risk-based Capital Ratio 14.93% 14.52% 16.89% 14.19% 14.31% 14.27% 14.97% 14.88% 14.78% 14.77% 12.59% 9.99% 11.08% 11.04% 11.24% 11.22% 8.77% 8.98% 9.26% 9.08% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 20
Slide 9: Loan Composition
Loan Composition Quarter Highlights Loan Movement • Loans decreased $71.8 million linked quarter $19,047 • Average loan balance: $317 thousand $77 $18,975 $(51) $(7) $(4) $23 1% $(110) 15% 24% Real estate - 1-4 Family Mortgage Construction and Land Development Commercial Real Estate - Non-Owner Occu
Slide 10: Loan Activity
Loan Activity Loan Movement Production & Advance Trends $950 $914 $827 $805 $806 $827 $730 $757 $645 $609 $609 $551 $(813) $19,047 $18,975 $(695) 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Production Advances Payoff & Paydown Trends $876 $813 $706 $695 $657 $657 $557 $567 $587 $468 Pro Pa Ad 1Q 4Q Pa y
Slide 11: Asset Quality
Asset Quality Quarter Highlights Loans 30-89 Days Past Due • Over the last four quarters, the Company resolved $135 million in non-performing loans with aggregate net charge-offs of $27.8 million 0.47% 0.31% 0.36% 0.25% 0.26% • Average NPL balance: $348,337 • 96% of accruing criticized loans are cur
Slide 12: Asset Quality (cont.)
Asset Quality (cont.) Nonperforming Loans & Nonperforming Assets NPLs by Loan Category 1.06% 0.90% 0.92% 0.76% 0.76% Real Estate 1-4 Family $61,311 Mortgage 0.79% 0.68% 0.71% 0.59% 0.58% Construction and Land $12,323 Development 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Commercial Real Estate - Non- N
Slide 13: Profitability
Profitability Diluted EPS / Adjusted Diluted EPS (non-GAAP)* Net Income / Adjusted Net Income (non-GAAP)* $0.94 $0.93 $86.9 $88.2 $88.1 $0.91 $78.9 $0.83 $72.9 $0.77 $0.69 $65.9 $0.65 $0.66 $0.63 $59.8 $41.5 $42.1 $0.01 $1.0 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q
Slide 14: Profitability Ratios
Profitability Ratios ROAA / Adjusted ROAA (non-GAAP)* ROAE / Adjusted ROTCE (non-GAAP)* 16.18% 16.33% 13.50% 14.22% 1.29% 1.33% 1.09% 10.30% 0.95% 1.01% 1.33% 1.17% 6.25% 0.94% 0.90% 9.20% 8.14% 6.25% 0.02% 0.11% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 ROAA (G
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)* Loan Yield / Adjusted Loan Yield (non-GAAP)* 3.89% 3.87% 3.85% 3.85% 6.63% 6.60% 6.45% 6.37% 6.24% 3.45% 3.62% 3.62% 3.61% 3.58% 6.19% 6.18% 6.23% 3.42% 6.11% 6.04% 1Q 2025 2Q 2025 3Q 2
Slide 16: Noninterest Income
Noninterest Income Composition Quarter Highlights • Noninterest income decreased $0.8 million linked 1Q 2026 $50,272 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 4Q 2025 $51
Slide 17: Noninterest Expense
Noninterest Expense Composition Quarter Highlights • Noninterest expense decreased $15.4 million linked quarter, which includes a decrease of $10.6 million in merger and 1Q 2026 $155,328 conversion related expenses linked quarter • The Company continued to realize cost savings from the integration w
Slide 18: Efficiency Improvements
Efficiency Improvements Revenue Growth Expense Management $278,487 $153,841 $269,584 $147,108 2Q 2025 1Q 2026 2Q 2025 1Q 2026 Adjusted net revenue (non-GAAP)* Adjusted noninterest expense (non-GAAP)* 3.3% increase in adjusted net revenue since 4.4% reduction in adjusted noninterest Q2 2025 expense s
Slide 19: Appendix
Appendix e ne és '®
Slide 20: Loan Repricing and Maturity
Loan Repricing and Maturity Repricing Term* 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 $ 1,814 $ 213 $ 300 $ 367 $ 200 $ 2 $ 2,896 $ 1,860 $ 1,036 Commercial Real Estate - Owner-Occupied 1,284 211 589
Slide 21: Securities
Securities Composition (Amortized Cost) Quarter Highlights Other 2% • Amortized cost of $4.0 billion; GAAP value of $3.8 billion, which represents 14.1% of total assets • Duration of 3.6 years SBA 8% • 27% of portfolio HTM based on par value Agency ◦ 10.3% of HTM are CRA investments Agency CMO ◦ 26.
Slide 22: Commercial Real Estate - Non-owner Occupied
Commercial Real Estate - Non-owner Occupied Composition Quarter Highlights 3% Warehouse/ Warehouse/Industrial Retail Multi-Family Industrial 5% 15% Retail Amount $1,309.8 $1,278.6 $932.5 12% Multi-family Avg Loan Size1 1.5 2.5 2.5 Self Storage 7% $6.1 % of Loans 6.9 6.7 4.9 21% Medical Office 6% Bil
Slide 23: Construction and Land Development
Construction and Land Development Composition Quarter Highlights 1% 1% Amount $1,898.6 1-4 Family Avg Loan Size1 1.2 2% Land & Dev. 7% % of Loans 10.0 22% Commercial Owner-Occupied 7% % Past Due or Nonaccrual 0.65 Multi-family ACL Reserve%2 1.95 6% Office $1.9 Retail WA LTV % 63.2 5% Billion % Loans
Slide 24: Quarterly ACL Changes
Quarterly ACL Changes $2,593 $295,862 $(232) $710 $293,955 $1,854 $(852) $(2,166) 4Q 2025 Balance Q-Factor Loss Rates Loan Credit Other Ind. Unallocated 1Q 2026 Changes Changes Migration Reviewed Note: Dollars in thousands 24
Slide 25: Mortgage Banking
Mortgage Banking Mortgage Banking Income Mix ($ in thousands) 1Q 2025 4Q 2025 1Q 2026 (in %) 1Q 2025 4Q 2025 1Q 2026 Gain on sales of loans, net $ 4,500 $ 5,243 $ 5,305 Wholesale 39 37 42 Fees, net 2,317 2,970 2,842 Retail 61 63 58 Mortgage servicing income, net 1,330 711 1,288 Purchase 80 72 67 Mor
Slide 26: Renasant Corporation
\IRENASANT CORPORATION “205 iu~ 228