Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: ...

Chapman Becomes Chief Executive Officer of Renasant Renasant CEO Kevin Chapman TUPELO, Miss., May 01, 2025 (GLOBE NEWSWIRE) -- Today, Renasant Corporation (the “Company”) announced that Kevin D. Chapman has officially assumed the role of Chief Executive Officer and President of both the Company and Renasant Bank (the “Bank”). C. Mitchell Waycaster, immediate past Renasant CEO, will continue as Executive Vice Chairman for both the Company and the Bank. As Executive Vice Chairman, Waycaster will continue ...

First Quarter 2025 Earnings Call 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 Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "projects," "anticipates," "intends," "estimates," "plan ...

Renasant Corporation. (NYSE:RNST) Q1 2025 Earnings Conference Call April 23, 2025 10:00 AM ET Company Participants Kelly Hutcheson - Chief Accounting Officer Mitchell Waycaster - Executive Vice Chairman and Chief Executive Officer Kevin Chapman - President and Chief Operating Office James Mabry - Chief Financial Officer and Senior Executive Vice President David Meredith - Chief Credit Officer and Senior Executive Vice President Conference Call Participants Stephen Scouten - Piper Sandler Michael Rose - Raym ...

Renasant (RNST) Q1 2025 Earnings Call April 23, 2025 10:00 AM ET Company Participants Kelly Hutcheson - Executive VP & Chief Accounting OfficerMitchell Waycaster - CEO & Executive Vice ChairmanKevin Chapman - President & COOJames Mabry - Senior Executive VP & CFODavid Meredith - Senior EVP & Chief Credit OfficerMichael Rose - Managing Director - Equity ResearchCatherine Mealor - Managing Director - Equity ResearchDavid Bishop - DirectorMatt Olney - Managing Director Conference Call Participants Stephen Scou ...

For the quarter ended March 2025, Renasant (RNST) reported revenue of $170.59 million, up 3.6% over the same period last year. EPS came in at $0.66, compared to $0.65 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $166.92 million, representing a surprise of +2.20%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.60.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Financial Performance - Net income for Q1 2025 was $41.5 million, with diluted EPS at $0.65 and adjusted diluted EPS at $0.66[4] - Net income (GAAP) for the three months ended March 31, 2025, was $41,518,000, a decrease of 6.2% from $44,747,000 in the previous quarter[30] - Adjusted diluted earnings per share (non-GAAP) was $0.66, compared to $0.73 in the previous quarter, indicating a decrease of 9.6%[31] - Adjusted pre-provision net revenue (non-GAAP) increased to $57,507,000 for the quarter, up from $54,177,000 in the previous quarter, reflecting a growth of 4.9%[30] - Return on average equity (GAAP) was 6.25% for the quarter, down from 6.70% in the previous quarter[31] Merger and Acquisition - The merger with The First Bancshares, Inc. was completed on April 1, 2025, adding approximately $8.0 billion in assets, including $5.4 billion in loans and $6.5 billion in deposits[4] - The company completed a merger with The First Bancshares, Inc., which is expected to enhance operational efficiency and customer retention[23] Asset and Liability Management - Total assets as of March 31, 2025, reached $18,271,381,000, up from $18,034,868,000 at the end of 2024[13] - Total liabilities rose to $15,544,276,000 as of March 31, 2025, compared to $15,356,550,000 at the end of 2024[13] - Shareholders' equity increased to $2,727,105,000 in Q1 2025, compared to $2,678,318,000 in Q4 2024[14] - Average shareholders' equity (GAAP) rose to $2,692,681,000, an increase of 1.3% from $2,656,885,000 in the previous quarter[30] Loan and Deposit Growth - Loans increased by $170.6 million linked quarter, representing an annualized net loan growth of 5.4%[7] - Deposits increased by $199.5 million linked quarter, with noninterest-bearing deposits making up 24.0% of total deposits[7] - Total deposits increased to $14,772,095,000 in Q1 2025, compared to $14,572,612,000 in Q4 2024, marking a growth of 1.37%[13] - Loans held for investment increased to $13,055,593,000 in Q1 2025, compared to $12,885,020,000 in Q4 2024, representing a growth of 1.32%[13] Noninterest Income and Expense - Noninterest income rose by $2.2 million linked quarter, driven by increased mortgage banking income and gains on the sale of SBA loans[4] - Total noninterest income for Q1 2025 was $36,395,000, an increase from $34,218,000 in Q4 2024[11] - The company reported total noninterest expense of $113,876,000 for Q1 2025, a slight decrease from $114,747,000 in Q4 2024[11] - Noninterest expense for Q1 2025 was $113,876,000, slightly down from $114,747,000 in Q4 2024[32] Credit Quality - The provision for credit losses was $4.8 million for Q1 2025, up $2.6 million linked quarter[7] - Nonperforming loans to total loans decreased to 0.76% at March 31, 2025, compared to 0.88% at December 31, 2024[7] - Nonperforming loans decreased to $98,733 as of March 31, 2025, down from $113,275 as of December 31, 2024, indicating a reduction of 12.83%[17] - The allowance for credit losses on loans was $203,931,000 as of March 31, 2025, slightly up from $201,756,000 at the end of 2024[13] Operational Efficiency - The adjusted efficiency ratio improved to 64.43% in Q1 2025 from 65.82% in Q4 2024[32] - Pre-provision net revenue to average assets (non-GAAP) was 1.28%, up from 1.16% in the previous quarter, indicating improved efficiency[31] Economic and Strategic Considerations - Renasant Corporation's management emphasizes the importance of monitoring economic conditions and competitive pressures as part of their strategic planning[23] - The company operates 280 banking, lending, mortgage, and wealth management offices throughout the Southeast, with nationwide factoring and asset-based lending services[21]

TUPELO, Miss., April 22, 2025 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE:RNST) (the "Company") today announced earnings results for the first quarter of 2025. (Dollars in thousands, except earnings per share)Three Months Ended Mar 31, 2025Dec 31, 2024Mar 31, 2024Net income and earnings per share:   Net income$41,518$44,747$39,409Basic EPS 0.65 0.70 0.70Diluted EPS 0.65 0.70 0.70Adjusted diluted EPS (Non-GAAP)(1) 0.66 0.73 0.65        "Results for the quarter represent a good start to the year with solid ...

Renasant (RNST) shares soared 7.9% in the last trading session to close at $30.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 16.4% loss over the past four weeks.Renasant shares rallied sharply, benefiting from broad market strength following President Donald Trump’s announcement of a 90-day suspension on tariffs for non-retaliating countries. The policy shift eased trade tensions and improved market sentiment, fueling a sha ...

TUPELO, Miss., April 08, 2025 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) will announce 2025 first quarter results following the NYSE's closing on Tuesday, April 22, 2025. The Company will hold executive management's quarterly webcast and conference call with analysts on Wednesday, April 23, 2025, at 10:00 AM Eastern Time (9:00 AM Central Time). The webcast is accessible through Renasant's investor relations website at www.renasant.com or https://event.choruscall.com/mediaframe/web ...