Slide 1: Fourth Quarter 2025 Investor Presentation
Fourth Quarter 2025 Investor Presentation
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: $26.8 billion Loans: 19.0 Deposits: 21.5 Equity: 3.9 Loans and Deposits by State(1) Loans Deposits TN TN 8% GA 11% (2) 26% GA MS 27% 25% MS LA LA 39% 4% FL 3% 12% AL AL FL 22% 15% Note: As of December 31, 2025 8% (1) As determined by the office or branch of origin
Slide 4: Fourth Quarter Highlights
Fourth Quarter Highlights • Net income of $78.9 million with diluted EPS of $0.83 and adjusted diluted EPS (non- GAAP)(1) of $0.91 Net Income $78.95 million • Net interest margin was 3.89%, up 4 basis points linked quarter; adjusted net interest margin (non-GAAP)(1) remained unchanged at 3.62% linke
Slide 5: Balance Sheet
Balance Sheet Assets Loans $26,726 $26,751 $19,026 $19,047 $26,625 $18,563 $12,885 $13,056 $18,035 $18,271 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Deposits Equity $3,826 $3,885 $21,583 $21,425 $21,473 $3,779 $2,678 $2,727 $14,573 $14,772 4Q 2024 1Q 2025 2Q 202
Slide 6: Core Deposit Funding
Core Deposit Funding Composition Customer Mix 4Q 2025 44% 38% 18% 4Q 2025 $21,473,070 3Q 2025 44% 39% 17% 2Q 2025 50% 31% 19% 3Q 2025 $21,424,555 1Q 2025 48% 35% 17% 4Q 2024 48% 35% 17% 2Q 2025 $21,582,637 Consumer Commercial Public Funds Quarter Highlights 1Q 2025 $14,772,095 • Deposit growth of $4
Slide 7: Liquidity Position
Liquidity Position Cash and Securities to Total Assets Loans to Deposits 18.5% 17.5% 17.4% 17.4% 16.9% 88% 88% 86% 89% 89% 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Average Interest Earning Asset Mix (4Q 2025) 3% 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 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 14.85% 14.93% 17.08% 16.89% 14.19% 14.31% 14.52% 14.97% 14.88% 14.78% 12.73% 12.59% 9.84% 9.99% 11.08% 11.04% 11.24% 8.77% 8.98% 9.26% 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 20
Slide 9: Loan Composition
Loan Composition Quarter Highlights Loan Growth • Loans increased $21.5 million linked quarter. During the fourth quarter, the $13 $125 Company sold approximately $117.3 million of C&I loans acquired in $19,047 $19,026 connection with the merger with The First, which were not considered to be $(16)
Slide 10: Loan Activity
Loan Activity QTD Loan Growth Production & Advance Trends $950 $914 $805 $806 $730 $757 $806 $645 $576 $595 $551 $914 $(876) $19,026 $19,047 $(706) $(117) 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Production Advances Payoff & Paydown Trends $876 $706 $657 $657 $557 $567 $587 $465 $449 $468 Pa Sa 3Q Ad
Slide 11: Asset Quality
Asset Quality Quarter Highlights Loans 30-89 Days Past Due • 48% of our NPLs loan payments were less than 30 days past due at 12/31/25 0.47% • Average NPL loan balance: $305,057 0.31% 0.31% 0.26% 0.25% • 80% of our criticized loans were less than 30 days past due at 12/31/25 • Average criticized loa
Slide 12: Asset Quality (cont.)
Asset Quality (cont.) Nonperforming Loans & Nonperforming Assets NPLs by Loan Category 0.88% 0.90% 0.92% 0.76% 0.76% Real Estate 1-4 Family $65,431 Mortgage 0.68% 0.68% 0.71% 0.59% 0.58% Construction and Land $7,730 Development 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Commercial Real Estate - NPAs/To
Slide 13: Profitability
Profitability Diluted EPS / Adjusted Diluted EPS (non-GAAP)* Net Income / Adjusted Net Income (non-GAAP)* $86.9 $0.91 $78.9 $0.83 $72.9 $0.77 $0.70 $0.73 $0.69 $65.9 $0.65 $0.66 $0.63 $59.8 $44.7 $46.5 $41.5 $42.1 $0.01 $1.0 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q
Slide 14: Profitability Ratios
Profitability Ratios ROAA / Adjusted ROAA (non-GAAP)* ROAE / Adjusted ROTCE (non-GAAP)* 16.18% 13.50% 14.22% 1.29% 1.09% 11.38% 1.03% 1.01% 10.30% 0.95% 1.17% 0.99% 0.94% 0.90% 8.14% 6.70% 6.25% 6.25% 0.02% 0.11% 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 ROAA (G
Slide 15: Net Interest Margin (FTE), Loan Yield and Cost of Deposits
Net Interest Margin (FTE), Loan Yield and Cost of Deposits Net Interest Margin (FTE) / Adjusted Net Interest Margin (FTE)(non-GAAP)* Loan Yield / Adjusted Loan Yield (non-GAAP)* 3.89% 3.85% 3.85% 6.63% 6.60% 6.45% 6.29% 6.24% 3.45% 3.62% 3.62% 3.36% 3.58% 6.27% 6.23% 3.42% 6.19% 6.18% 6.11% 3.34% 4Q
Slide 16: Noninterest Income
Noninterest Income Composition ($ in thousands) Quarter Highlights • Noninterest income increased $5.1 million linked 4Q 2025 $51,125 quarter, which included $2.0 million in gains associated with the exit of certain low income housing tax credit partnerships during the fourth quarter 3Q 2025 $46,026
Slide 17: Noninterest Expense
Noninterest Expense Composition ($ in thousands) Quarter Highlights • Noninterest expense decreased $13.1 million linked quarter, which includes a decrease of $6.9 million in merger and 4Q 2025 $170,750 conversion expenses linked quarter • The Company recognized a net gain of $2.1 million resulting
Slide 18: Appendix
Appendix e ne és '®
Slide 19: 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 $ 1,658 $ 223 $ 407 $ 358 $ 170 $ 2 $ 2,818 $ 1,824 $ 994 Commercial Real Estate - Owner-Occupied 1,254 212 600 69
Slide 20: Securities
Securities Composition (Amortized Cost) Quarter Highlights Other 2% • Amortized cost of $3.7 billion; GAAP value of $3.6 billion, which represents 13.4% of total assets • Duration of 3.8 years SBA 9% • 29% of portfolio HTM based on par value Agency ◦ 10.2% of HTM are CRA investments CMO ◦ 25.6% of H
Slide 21: Commercial Real Estate - Non-owner Occupied
Commercial Real Estate - Non-owner Occupied Composition Quarter Highlights 3% Warehouse/ Warehouse/Industrial Multi-Family Retail Industrial 5% 15% Retail Amount $1,392.8 $1,316.2 $904.7 12% Multi-family Avg Loan Size1 2.7 1.5 2.5 Self Storage 7% $6.2 % of Loans 7.3 6.9 4.8 21% Medical Office 6% Bil
Slide 22: Construction and Land Development
Construction and Land Development Composition Quarter Highlights 1% 1% Amount $1,905.6 1-4 Family 4% Avg Loan Size1 1.1 Land & Dev. 8% 20% % of Loans 10.0 Commercial Owner-Occupied % Past Due or Nonaccrual 0.44 Multi-family 9% ACL Reserve%2 1.65 Office $1.9 Retail WA LTV % 61.1 5% Billion Self Stora
Slide 23: ACL / Loss Absorption
ACL / Loss Absorption September 30, 2025 December 31, 2025 ACL as a % ACL as a % ($ in thousands) ACL of Loans ACL of Loans Real Estate 1-4 Family Mortgage $ 62,097 1.34 $ 61,249 1.32 Construction and Land Development 32,048 1.61 31,359 1.65 Commercial Real Estate - Non-Owner Occupied 102,109 1.67 9
Slide 24: Mortgage Banking
Mortgage Banking Mortgage Banking Income Mix ($ in thousands) 4Q 2024 3Q 2025 4Q 2025 (in %) 4Q 2024 3Q 2025 4Q 2025 Gain on sales of loans, net $ 2,379 $ 5,270 $ 5,243 Wholesale 39 39 37 Fees, net 2,850 3,050 2,970 Retail 61 61 63 Mortgage servicing income, net 1,632 697 711 Purchase 89 77 72 Mortg
Slide 25: Reconciliation of Non-GAAP Disclosures
Reconciliation of Non-GAAP Disclosures
Slide 26: Reconciliation of Non-GAAP disclosures
Reconciliation of Non-GAAP disclosures Pre-Provision Net Revenue and Adjusted Pre-Provision Net Revenue $ in thousands 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Net income (GAAP) $ 44,747 $ 41,518 $ 1,018 $ 59,788 $ 78,948 Income taxes 5,006 10,448 1,649 15,478 17,885 Provision for credit losses (incl
Slide 27: Reconciliation of Non-GAAP disclosures
Reconciliation of Non-GAAP disclosures Pre-Provision Net Revenue/Average Assets and Adjusted Pre-Provision Net Revenue/Average Assets $ in thousands 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Net income (GAAP) $ 44,747 $ 41,518 $ 1,018 $ 59,788 $ 78,948 Merger and conversion expense 2,076 791 20,479 17
Slide 28: Reconciliation of Non-GAAP disclosures
Reconciliation of Non-GAAP disclosures Adjusted Diluted Earnings Per Share $ in thousands 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Net income (GAAP) $ 44,747 $ 41,518 $ 1,018 $ 59,788 $ 78,948 Merger and conversion expense 2,076 791 20,479 17,494 10,567 Day 1 acquisition provision for loan losses — —
Slide 29: Reconciliation of Non-GAAP disclosures
Reconciliation of Non-GAAP disclosures Return on Average Tangible Common Equity (Adjusted) $ in thousands 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Net income (GAAP) $ 44,747 $ 41,518 $ 1,018 $ 59,788 $ 78,948 Merger and conversion expense 2,076 791 20,479 17,494 10,567 Day 1 acquisition provision for
Slide 30: Reconciliation of Non-GAAP disclosures
Reconciliation of Non-GAAP disclosures Adjusted Net Interest Income (FTE) and Adjusted Net Interest Margin $ in thousands 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Net interest income (FTE) (GAAP) $ 135,502 $ 137,432 $ 222,717 $ 228,131 $ 232,361 Less: Net interest income collected on problem loans 15
Slide 31: Reconciliation of Non-GAAP disclosures
Reconciliation of Non-GAAP disclosures Adjusted Loan Yield $ in thousands 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Loan interest income (FTE) (GAAP) $ 201,562 $ 199,504 $ 304,834 $ 311,903 $ 309,667 Less: Net interest income collected on problem loans 151 1,026 2,779 664 2,767 Accretable yield recogn
Slide 32: Reconciliation of Non-GAAP disclosures
Reconciliation of Non-GAAP disclosures Adjusted Efficiency Ratio $ in thousands 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Net interest income (FTE) (GAAP) $ 135,502 $ 137,432 $ 222,717 $ 228,131 $ 232,361 Total noninterest income (GAAP) 34,218 36,395 48,334 46,026 51,125 Gain on sale of MSR 252 — 1,46
Slide 33: Reconciliation of Non-GAAP disclosures
Reconciliation of Non-GAAP disclosures Tangible Common Equity and Tangible Book Value $ in thousands 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Shareholders' equity (GAAP) $2,678,318 $2,727,105 $3,778,854 $3,825,778 $3,884,905 Intangibles (1,003,003) (1,001,923) (1,583,533) (1,566,788) (1,552,452) Tang
Slide 34: Renasant Corporation
\IRENASANT CORPORATION “205 iu~ 228