Renasant Corporation · NYSE:RNST
Renasant — IPO Roadshow (May 2026)
46 slides from Renasant's IPO roadshow presentation, May 4, 2026
Slide 1: Renasant Corporation Fixed Income Investor Presentation
RENASANT CORPORATION Fixed Investor Presentation
Slide 2: Forward-Looking Statements and Financial Information
Forward-Looking Statements and Financial Information This presentation may contain various statements about Renasant Corporation (“Renasant,” “RNST”, “the Company,” “we,” “our,” or “us”) that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as
Slide 3: Non-GAAP Financial Measures and Disclaimer
Non-GAAP Financial Measures and Disclaimer Non-GAAP Financial Measures This presentation contains financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (“GAAP”). The Company’s management believes that these non-GAAP finan
Slide 4: Offering Overview
Offering Overview Issuer Renasant Corporation Security 10-Year, Non-Call 5-Year Subordinated Notes due 2036 Securities Rating(1) BBB stable by Kroll Bond Rating Agency Offering Type SEC Registered Amount $200 Million aggregate principal amount Rate Structure Fixed-to-Floating Rate Maturity 10 Years
Slide 5: Experienced Management
Experienced Management Kevin D. Chapman • President since May 2023 and Chief Executive Officer since May 2025 President & Chief Executive Officer • Chief Operating Officer (2018 – 2025) Years of Experience: 28 Years at Renasant: 21 • Senior EVP of the Bank (2011 – 2023) and Chief Financial Officer o
Slide 6: Franchise Overview
Franchise Overview e nee Gs '®
Slide 7: Renasant Overview
Renasant Overview Franchise Overview(1) Footprint $27.1bn $2.3bn $3.7bn Assets TCE(2) Market Capitalization(3) $19.0bn $22.1bn 85.9% Loans / Loans HFI Deposits Deposits 1.33% 16.4% 55.7% (2) Efficiency Ratio ROAA ROATCE (FTE) (5) 11.2% 14.8% 14.9% Cash + AFS Securities / CET1 Ratio TRBC Ratio (4) As
Slide 8: Markets of Operation
RENASANT Markets of Operation Loans By State Deposits By State Albama Georgia Louisiana Florida Tennessee Mississippi 22% 26% 11% 25% 12% 4% $19.0bn Loans HFI $22.1bn Deposits 28% 8% 40% 7% 3% 14%
Slide 9: Recent Corporate History
Recent Corporate History Successful History of Acquisitions and De Novo Expansion 2025: Completed transformative acquisition of Over the past 16 years, Renasant has opened successful de novo branches in attractive Southeast markets The First Bancshares, Inc. of and completed 2 FDIC-assisted transact
Slide 10: Strong Credit Culture
Strong Credit Culture NCOs/ Avg. Assets 2.55% Median Since ‘15 2.52% Renasant Corporation 0.07% National Average 0.50% 1.55% 1.28% 1.10% 0.91% 1.00% 0.91% 0.59% 0.69% 0.68% 0.62% 0.55% 0.49% 0.50% 0.48% 0.52% 0.50% 0.52% 0.44% 0.47% 0.67% 0.14% 0.25% 0.27% 0.12% 0.15% 0.10% 0.06% 0.05% 0.04% 0.04% 0
Slide 11: Investment Highlights
Investment Highlights Premier Southeastern Banking Franchise With 122 Years of Operating History Experienced Management Team Granular Loan Portfolio With A History of 30+ Years of Average Banking Experience Prudent Credit Underwriting NCOs / Avg. Assets Consistently Lower Than The Industry Average E
Slide 12: Financial Detail
Financial Detail Data as of March 31, 2026, unless otherwise stated
Slide 13: 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 Income $88.2 million • Net interest margin was 3.87%, down 2 basis points linked quarter; adjusted net interest margin (non-GAAP)(1) decreased 1 basis point linked q
Slide 14: Balance Sheet
Balance Sheet Assets ($mm) Loans ($mm) Deposits ($mm) Equity ($mm) $18,271 1Q 2025 $26,625 2Q 2025 $26,751 4Q 2025 $27,107 1Q 2026 $13,056 $13,056 $18,563 $19,026 $19,047 $18,975 $14,772 $21,583 $21,425 $21,473 $22,099 $2,727 $3,779 $3,826 $3,885 $3,867
Slide 15: Profitability Ratios
Profitability Ratios ROAA / Adjusted ROAA (non-GAAP)(1) ROAE / Adjusted ROATCE (non-GAAP)(1) PPNR (non-GAAP)(1) / Adjusted PPNR Ratios (non-GAAP)(1) 1.28% 1.29% 1.29% 1.60% 1.79% 1.30% 1.58% 1.55% 1.76% 1.79% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 PPNR / Average Assets (non-GAAP) Adjusted PPNR / Av
Slide 16: Efficiency Improvements
Efficiency Improvements Revenue Growth Expense Management Adjusted Net Revenue (non-GAAP)(1) Adjusted Noninterest Expense (non-GAAP)(1) 3.3% increase in adjusted net revenue 4.4% reduction in adjusted noninterest since Q2 2025 expense since Q2 2025 Continued focus on efficiency gains through both re
Slide 17: 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) (1) (1) Adjusted Net Interest Margin (FTE) (non-GAAP)(1) Bridge % % (1) Adjusted Net Interest Margin (FTE) and Adjusted Loan Yield are
Slide 18: Noninterest Income Composition
Noninterest Income Composition ($000s) Quarter Highlights • 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
Slide 19: Noninterest Income Composition
• 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 20: Deposit Funding
(1) Includes money market deposits. (2) Excludes time deposits and public fund deposits. Composition ($000s) Quarter Highlights 20 Deposit Funding • Deposit growth of $626.4 million in 1Q 2026 represents 11.5% annualized growth • Noninterest-bearing deposits: 23.5% of total deposits • Average deposi
Slide 21: Loan Composition
Loan Composition Quarter Highlights QoQ Loans HFI Bridge ($mm) • Loans decreased $71.8 million in the quarter • Average loan balance: ~$317,000 Real Estate – 1-4 Family Mortgage 1% 15% 24% Construction & Land Development Commercial Real Estate – Non-Owner Occupied 18% 10% Commercial Real Estate – Ow
Slide 22: Commercial Real Estate Non-owner Occupied Composition
Commercial Real Estate -Non-owner Occupied Composition Quarter Highlights Retail Multi-Family Warehouse/ 3% Warehouse / Industrial Industrial 5% (Dollars in millions) 15% Retail Amount $1,309.8 $1,278.6 $932.5 12% Multi-Family Avg Loan Size(1) 1.5 2.5 2.5 $6.1 Self Storage 7% % of Loans 6.9 6.7 4.9
Slide 23: Construction and Land Development Composition
Construction and Land Development Composition Quarter Highlights 2% 1% 1-4 Family Amount ($mm) $1,898.6 1% Land & Development Avg Loan Size ($mm)(1) 1.2 7% 22% Commercial Owner-Occupied 7% Multi-Family % of Loans 10.0 % Past Due or Nonaccrual 0.65 6% $1.9 Office Retail ACL Reserve%(2) 1.95 5% Billio
Slide 24: 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 • Average NPL balance: $348,337 • 96% of accruing criticized loans are current • Average criticized loan
Slide 25: Asset Quality (cont.)
25 Asset Quality (cont.) Nonperforming Loans ($000s) $204 $47,093 $29,433 $49,930 $12,323 $61,311 Consumer C&I OO CRE NOO CRE C&LD RE 1-4 Family Nonperforming Loans & Nonperforming Assets NPLs by Loan Category ($000s) Quarterly ACL Change ($000s) $293,955 $295,862 ($2,166) $1,854 $710 ($852) $2,593
Slide 26: Securities Composition
Securities Composition (Amortized Cost) Quarter Highlights Other • Amortized cost of $4.0 billion; GAAP value of $3.8 SBA billion, which represents 14.1% of total assets Agency • Duration of 3.6 years 2% CMO 8% Agency • 27% of portfolio HTM based on par value CMBS 27% 14% 10.3% of HTM are CRA invest
Slide 27: Liquidity Position
Liquidity Position Cash and Securities to Total Assets Loans to Deposits 18.6% 88% 89% 89% 18.5% 86% 86% 17.5% 17.4% 17.4% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Average Interest Earning Asset Mix (1Q 2026) Liquidity Sources Internal Sources: ($ in billions)
Slide 28: Capital Position
Capital Position Regulatory Capital ($mm) Quarter Highlights ACL $270 Subordinated Debt, $359 Trust Preferred $137 Common Equity Tier 1, $2,420 (1) $196.4mm of the aggregate principal amount is outstanding due to a buyback of $3.6mm of the notes (2) Tangible Common Equity Ratio is a non-GAAP financi
Slide 29: Capital Position (Cont.)
Capital Position (Cont.) Equity to Assets / Tangible Common Equity Ratio (non-GAAP)(1) Common Equity Tier 1 Capital Ratio / Total Risk-based Capital Ratio (1) Book Value / Tangible Book Value (non-GAAP)(1) (1) (1) Tangible Common Equity Ratio and Tangible Book Value are non-GAAP financial measures.
Slide 30: Appendix
Appendix e na és '®
Slide 31: Pro Forma Consolidated Capital
Pro Forma Consolidated Capital $ in millions As Reported $40.0 Sub. Debt Pro Forma(1) 3/31/2026 Net Sub. Debt Proceeds Redemption 3/31/2026 Regulatory Capital Components Common Equity Tier 1 Capital $2,420 $2,420 Additional Tier 1 Capital $0 $0 Tier 1 Total Capital $2,420 $2,420 ACL Includable in Ti
Slide 32: Rating Agency & Debt Maturity Summary
Rating Agency & Debt Maturity Summary KBRA Ratings Summary Type Rating Outlook Renasant Corporation Senior Unsecured Debt BBB+ Stable Subordinated Debt BBB Stable Short-Term Debt K2 Renasant Bank Deposit A- Stable Senior Unsecured Debt A- Stable Subordinated Debt BBB+ Stable Short-Term Deposit K2 Sh
Slide 33: Double Leverage & Interest Coverage
Double Leverage & Interest Coverage Quarter Ended, (dollars shown in thousands) 2022 2023 2024 2025 3/31/26 Pro Forma Double Leverage Equity Investment in Subsidiary $2,391,721 $2,541,195 $2,694,503 $4,050,288 $4,107,488 $4,107,488 Consolidated Equity 2,136,016 2,297,383 2,678,318 3,884,905 3,866,91
Slide 34: Profitability
Profitability Diluted EPS / Adjusted Diluted EPS (non-GAAP)(1) Net Income / Adjusted Net Income (non-GAAP)(1) (1) (1) Net Interest Income (FTE) / Adjusted Net Interest Income (FTE) (non-GAAP)(1) PPNR (non-GAAP)(1) / Adjusted PPNR (non-GAAP)(1) $222.7 $228.1 $232.4 $228.4 $207.6 $214.4 $216.3 $213.3
Slide 35: Loan Activity
Loan Activity QoQ Loan Bridge ($mm) Production & Advance Trends ($mm) Payoff & Paydown Trends ($mm) 35
Slide 36: 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 $ 1,814 $ 213 $ 300 $ 367 $ 200 $ 2 $ 2,896 $ 1,860 $ 1,036 Commercial Real Estate—Owner-O
Slide 37: Reconciliation of Non-GAAP Disclosures
Reconciliation of Non-GAAP Disclosures
Slide 38: 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 39: PPNR/Average Assets and Adjusted
Reconciliation of Non-GAAP disclosures Pre-Provision Net Revenue/Average Assets and Adjusted Pre-Provision Net Revenue/Average Assets ($ 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 10,5
Slide 40: Adjusted Diluted Earnings Per Share
40 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 41: 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 lo
Slide 42: Adjusted Net Interest Income (FTE) and Net Interest Margin
Reconciliation of Non-GAAP disclosures Adjusted Net Interest Income (FTE) and Adjusted Net Interest Margin ($ 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 1,026
Slide 43: Adjusted Loan Yield
Reconciliation of Non-GAAP disclosures Adjusted Loan Yield ($ 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 recognize
Slide 44: Adjusted Efficiency Ratio
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 — — 2
Slide 45: 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) Tangibl
Slide 46: | NRENASANT
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