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," "plans," "potential," "focus," "possible," "may increase," "may f ...

[PART I Financial Information](index=5&type=section&id=PART%20I%20Financial%20Information) [Item 1. Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The unaudited consolidated financial statements for the period ended September 30, 2022, detail the company's financial position and performance, reflecting asset shifts, mixed income trends, and impacts from rising interest rates [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheet Summary (in thousands) | Account | Sep 30, 2022 | Dec 31, 2021 | Change | | :--- | :--- | :--- | :--- | | **Total Assets** | **$16,471,099** | **$16,810,311** | **($339,212)** | | Cash and cash equivalents | $479,500 | $1,877,965 | ($1,398,465) | | Loans, net | $10,930,648 | $9,856,743 | $1,073,905 | | Total Securities (AFS & HTM) | $2,922,744 | $2,802,409 | $120,335 | | **Total Liabilities** | **$14,378,818** | **$14,600,458** | **($221,640)** | | Total Deposits | $13,432,124 | $13,905,724 | ($473,600) | | **Total Shareholders' Equity** | **$2,092,281** | **$2,209,853** | **($117,572)** | | Accumulated other comprehensive loss | ($216,052) | ($10,443) | ($205,609) | - Total assets decreased by **$339.2 million** from year-end 2021, primarily due to a significant reduction in cash and cash equivalents, which was partially offset by growth in net loans[9](index=9&type=chunk) - Shareholders' equity declined by **$117.6 million**, largely driven by a **$205.6 million** increase in accumulated other comprehensive loss, reflecting unrealized losses on securities in a rising interest rate environment[9](index=9&type=chunk) [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) Consolidated Income Statement Summary (in thousands, except per share data) | Metric | Q3 2022 | Q3 2021 | YTD 2022 | YTD 2021 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $130,318 | $103,292 | $343,462 | $322,519 | | Provision for Credit Losses | $9,800 | ($1,200) | $13,300 | ($1,200) | | Noninterest Income | $41,186 | $50,755 | $115,858 | $179,402 | | Noninterest Expense | $101,574 | $103,999 | $293,873 | $328,711 | | **Net Income** | **$46,567** | **$40,063** | **$119,792** | **$138,838** | | **Diluted EPS** | **$0.83** | **$0.71** | **$2.13** | **$2.46** | - Net income for Q3 2022 increased by **16.2%** YoY, driven by higher net interest income. However, for the nine months ended Sep 30, 2022, net income decreased by **13.7%** YoY, primarily due to a significant reduction in mortgage banking income from **$94.9 million** in 2021 to **$30.6 million** in 2022[11](index=11&type=chunk) - The company recorded a provision for credit losses of **$9.8 million** in Q3 2022, a reversal from the **$1.2 million** recovery of provision in Q3 2021, reflecting changes in economic outlook and loan growth[11](index=11&type=chunk) [Consolidated Statements of Comprehensive Income](index=7&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) - The company experienced a comprehensive loss of **$14.1 million** in Q3 2022, compared to a comprehensive income of **$31.5 million** in Q3 2021. For the nine-month period, the comprehensive loss was **$85.8 million** versus an income of **$124.5 million** in the prior year[13](index=13&type=chunk) - The significant driver of the comprehensive loss was a large other comprehensive loss of **$205.6 million** for the first nine months of 2022, primarily from unrealized holding losses on available-for-sale securities, which amounted to **$221.0 million** (pre-tax)[13](index=13&type=chunk) [Consolidated Statements of Changes in Shareholders' Equity](index=8&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Shareholders'%20Equity) - Total shareholders' equity decreased from **$2.21 billion** at the start of 2022 to **$2.09 billion** at September 30, 2022[16](index=16&type=chunk) - Key drivers for the change in shareholders' equity during the first nine months of 2022 include net income of **$119.8 million**, offset by other comprehensive loss of **$205.6 million** and cash dividends of **$37.5 million**[16](index=16&type=chunk) [Consolidated Statements of Cash Flows](index=10&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary for Nine Months Ended Sep 30 (in thousands) | Activity | 2022 | 2021 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $463,107 | $90,171 | | Net Cash used in Investing Activities | ($1,587,457) | ($372,260) | | Net Cash (used in) from Financing Activities | ($274,115) | $1,125,027 | | **Net (Decrease) Increase in Cash** | **($1,398,465)** | **$842,938** | - There was a significant net decrease in cash and cash equivalents of nearly **$1.4 billion** in the first nine months of 2022, a sharp contrast to the **$842.9 million** increase in the same period of 2021. This was primarily driven by a net increase in loans of **$1.06 billion** and purchases of securities[21](index=21&type=chunk) [Notes to Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) - On March 1, 2022, the Bank acquired Southeastern Commercial Finance, LLC ("SCF"), an asset-based lending company[25](index=25&type=chunk) - In September 2022, the Bank formed Renasant Capital Funding Corporation, a real estate investment trust (REIT), to purchase eligible real estate loans in Georgia and Florida for tax benefits and liquidity management[26](index=26&type=chunk) - During Q3 2022, the company transferred **$882.9 million** of securities from the available-for-sale portfolio to the held-to-maturity portfolio, as it has no intention to sell these securities. The related net unrealized loss of **$99.7 million** remained in accumulated other comprehensive income[35](index=35&type=chunk) - The company determined that all unrealized losses on its securities portfolio as of September 30, 2022, resulted from non-credit related factors, and therefore no impairment was recorded[48](index=48&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=60&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management's discussion highlights Q3 2022 earnings growth from loan expansion and rising rates, offset by a nine-month decline due to normalized mortgage banking income, with stable credit quality and strong capital ratios [Financial Condition](index=60&type=section&id=Financial%20Condition) - Total assets decreased to **$16.47 billion** at September 30, 2022, from **$16.81 billion** at December 31, 2021. The acquisition of Southeastern Commercial Finance, LLC on March 1, 2022, added **$43.9 million** in total assets[201](index=201&type=chunk) - Total loans grew by **$1.08 billion** to **$11.11 billion** at September 30, 2022, from **$10.02 billion** at year-end 2021, reflecting strong organic growth[210](index=210&type=chunk) - Total deposits decreased by **$473.6 million** to **$13.43 billion**. However, noninterest-bearing deposits grew by **$109.1 million** and represented **35.94%** of total deposits, up from **33.93%** at year-end 2021[214](index=214&type=chunk)[215](index=215&type=chunk) - On March 1, 2022, the company redeemed the remaining **$30.0 million** of its **5.00%** fixed-to-floating rate subordinated notes[220](index=220&type=chunk) [Results of Operations](index=64&type=section&id=Results%20of%20Operations) Quarterly and YTD Performance Summary | Metric | Q3 2022 | Q3 2021 | YTD 2022 | YTD 2021 | | :--- | :--- | :--- | :--- | :--- | | Net Income | $46.6M | $40.1M | $119.8M | $138.8M | | Diluted EPS | $0.83 | $0.71 | $2.13 | $2.46 | | Net Interest Income | $130.3M | $103.3M | $343.5M | $322.5M | | Net Interest Margin (Tax-equivalent) | 3.54% | 2.93% | 3.14% | 3.16% | - The increase in net interest income was driven by loan growth and the rising interest rate environment. The net interest margin expanded to **3.54%** in Q3 2022 from **2.93%** in Q3 2021[229](index=229&type=chunk)[233](index=233&type=chunk) - Mortgage banking income decreased significantly to **$12.7 million** in Q3 2022 from **$23.3 million** in Q3 2021. For the nine-month period, it fell to **$30.6 million** from **$94.9 million**, as originations normalized toward pre-pandemic levels and margins compressed[253](index=253&type=chunk) - Salaries and employee benefits decreased for both the three and nine-month periods, primarily due to lower mortgage commissions and incentives, which offset increases in the company's minimum wage[259](index=259&type=chunk) - The GAAP efficiency ratio improved to **58.50%** in Q3 2022 from **66.77%** in Q3 2021[268](index=268&type=chunk) [Risk Management](index=74&type=section&id=Risk%20Management) Credit Quality Metrics | Metric | Sep 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | Nonperforming Loans (NPLs) | $55,865 | $50,805 | | NPLs to Total Loans | 0.50% | 0.51% | | Allowance for Credit Losses (ACL) | $174,356 | $164,171 | | ACL to NPLs | 312.10% | 323.14% | | Net Charge-offs (YTD Annualized) | 0.06% | N/A | - Net charge-offs for the first nine months of 2022 were **$4.8 million**, or **0.06%** of average loans (annualized), consistent with the same period in 2021[275](index=275&type=chunk) - The company's interest rate risk profile is asset sensitive, with a projected **4.72%** increase in net interest income over 12 months given an instantaneous **+100 basis point** rate shock[301](index=301&type=chunk) [Liquidity and Capital Resources](index=83&type=section&id=Liquidity%20and%20Capital%20Resources) - The company's primary source of funds is core deposits. At September 30, 2022, the company had **$3.82 billion** of available credit with the FHLB and **$180 million** in unsecured lines of credit with other banks[305](index=305&type=chunk)[307](index=307&type=chunk)[308](index=308&type=chunk) Regulatory Capital Ratios (Renasant Corporation) | Ratio | Sep 30, 2022 | Minimum to be Well Capitalized | | :--- | :--- | :--- | | Common Equity Tier 1 | 10.64% | 6.50% | | Tier 1 Capital | 11.47% | 8.00% | | Total Capital | 15.15% | 10.00% | | Tier 1 Leverage | 9.39% | 5.00% | - The company did not repurchase any common stock under its repurchase plan in the first nine months of 2022. A new **$100 million** stock repurchase program was approved in October 2022[324](index=324&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=89&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company reports no material changes in its market risk since December 31, 2021, referring to its 2021 Annual Report on Form 10-K for detailed information - There have been no material changes in the company's market risk since December 31, 2021[335](index=335&type=chunk) [Controls and Procedures](index=89&type=section&id=Item%204.%20Controls%20and%20Procedures) The Principal Executive Officer and Principal Financial Officer concluded that the company's disclosure controls and procedures were effective, with no material changes to internal control over financial reporting during the quarter - The Principal Executive Officer and Principal Financial Officer concluded that the company's disclosure controls and procedures are effective[337](index=337&type=chunk) - No changes in internal control over financial reporting occurred during the fiscal quarter that materially affected, or are reasonably likely to materially affect, the company's internal controls[337](index=337&type=chunk) [PART II Other Information](index=91&type=section&id=PART%20II%20Other%20Information) [Risk Factors](index=91&type=section&id=Item%201A.%20Risk%20Factors) The company reports no material changes from the risk factors previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2021 - There have been no material changes from the risk factors set forth in the company's Annual Report on Form 10-K for the year ended December 31, 2021[339](index=339&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=91&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period, with share repurchases limited to tax-related withholdings for vested restricted stock awards, separate from its public repurchase plan - No unregistered sales of equity securities occurred during the period[340](index=340&type=chunk) - During Q3 2022, **8,897 shares** were repurchased at an average price of **$31.69** per share. These were shares withheld to satisfy tax liabilities on vested restricted stock awards, not open market repurchases under the public plan[341](index=341&type=chunk) - The **$50.0 million** stock repurchase program from October 2021 expired in October 2022 and was replaced with a new **$100.0 million** program[341](index=341&type=chunk) [Exhibits](index=92&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including required certifications from the Principal Executive Officer and Principal Financial Officer, and financial data formatted in Inline XBRL - The report includes required certifications from the CEO and CFO pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act[342](index=342&type=chunk) - Financial statements and notes were formatted in Inline XBRL as part of the filing[342](index=342&type=chunk) [Signatures](index=93&type=section&id=SIGNATURES)

Financial Data and Key Metrics Changes - Third-quarter earnings were $46.6 million or $0.83 per diluted share, compared to $39.7 million or $0.71 per diluted share for the second quarter of 2022 [12] - Year-to-date diluted earnings per share were $2.13 compared to $2.47 in 2021 [12] - Net interest income increased by $12.8 million quarter-over-quarter, with a core margin of 3.5%, up 50 basis points from Q2 [22] Business Line Data and Key Metrics Changes - Strong loan growth continued with total loans increasing over $500 million from the second quarter [17] - The mortgage division experienced volatility, but the company is investing in strong production talent [14] - Non-interest income increased due to positive results in capital markets, treasury solutions, and insurance lines of business [24] Market Data and Key Metrics Changes - Non-interest-bearing deposits grew by $86 million, now representing 36% of total deposits [19] - The loan-to-deposit ratio stands at 79%, providing flexibility [19] - The company transferred $883 million in securities to the held-to-maturity category to preserve book value [20] Company Strategy and Development Direction - The company remains focused on providing exceptional customer service and growing relationships as one bank [27] - There is an emphasis on maintaining a strong capital position and managing deposit costs amid competitive pressures [13] - The company aims to achieve an efficiency ratio below 60%, with a current adjusted efficiency ratio of 58.8% [15][75] Management's Comments on Operating Environment and Future Outlook - Management noted that while loan production activity has slowed, solid loan growth continues due to reduced payoffs [9] - The company anticipates funding pressures to escalate in future quarters but remains optimistic about loan growth driven by strong markets and business lines [62] - Management expressed a commitment to maintaining stable credit quality metrics despite economic uncertainties [21] Other Important Information - The company recorded a credit provision of $9.8 million and net charge-offs of $1.6 million, with the allowance for credit losses (ACL) ratio stable at 1.57% [21] - The company is open to alternative funding sources, including the Federal Home Loan Bank, to support loan growth [62] Q&A Session Summary Question: Margin trajectory and funding costs - Management expects margin expansion in Q4 but not to the same extent as Q3, with a deposit beta around 7% [36][38] Question: Future loan growth expectations - Loan production was $753 million, down from $877 million, but still strong historically, with a current pipeline of $270 million [52][54] Question: Fee income guidance - Non-interest income outlook is mixed, with headwinds in mortgage and consumer fees but stability in wealth management and insurance [85] Question: Share repurchase activity - No repurchase activity occurred in Q3, but the buyback program was renewed and increased from $50 million to $100 million [87]

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 June 30, 2022 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: ...

Second Quarter 2022 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," "pla ...

Financial Data and Key Metrics Changes - The second quarter earnings were $39.7 million or $0.71 per diluted share, compared to $33.5 million or $0.60 per diluted share in the first quarter, with year-to-date diluted earnings per share at $1.30 compared to $1.75 in 2021 [10][11] - Net interest income increased by $13.9 million quarter-over-quarter, with the core margin up 29 basis points from Q1 [18][19] - The adjusted efficiency ratio declined to 62%, a decrease of approximately 5 percentage points on a linked-quarter basis [14] Business Line Data and Key Metrics Changes - Strong loan production led to total loans increasing by $290 million from Q1, with net loan growth across nearly all categories [15] - The mortgage division faced volatility but remained profitable, while wealth management and insurance divisions produced solid results [12][20] - Non-interest expenses increased by approximately $2.2 million for the quarter, with salaries and benefits rising by $3.3 million due to annual merit increases and minimum wage adjustments [21] Market Data and Key Metrics Changes - The average deposit account on the consumer side is less than $20,000, indicating a granular deposit base that supports funding stability [26] - Core loan yields improved to around 4.07% in June, up 30 to 40 basis points from the previous quarter [65] Company Strategy and Development Direction - The company remains focused on core deposits as the primary funding source, contributing to first-half success [8] - There is an emphasis on expense control and profitability improvement, with expectations for further enhancements in the second half of 2022 [8] - The company continues to seek opportunities to add talent while reallocating resources to maximize revenue [55][58] Management's Comments on Operating Environment and Future Outlook - Management anticipates loan growth to continue but at a more moderate pace for the remainder of the year, with a focus on maintaining good liquidity and asset quality [7][8] - The company is prepared for potential economic headwinds but remains optimistic about its ability to produce net growth [35] - Management expects non-interest expenses for the full year of 2022 to be less than 21% despite inflationary pressures [13] Other Important Information - The company recorded a credit provision of $2 million and net charge-offs of $2.3 million, with the allowance for credit losses (ACL) as a percentage of total loans declining from 1.61% to 1.57% [17] - The company is comfortable reducing excess cash and liquidity from $1 billion to a floor of approximately $450 million to $500 million to fund loan growth [62] Q&A Session Summary Question: Thoughts on deposit costs and betas moving forward - Management has focused on improving the deposit mix, increasing non-interest-bearing deposits by about 10 percentage points over the last few years, but expects costs to rise in Q3 and Q4 [26][28] Question: Outlook for mortgage portfolio growth - The current pipeline shows an increase, with $297 million compared to $290 million the previous quarter, indicating potential for continued production despite expected moderation [30][32] Question: Efficiency ratio in the mortgage business - The mortgage efficiency ratio was about 85% in Q2, expected to remain steady or increase slightly in Q3, with a focus on maintaining profitability [40][42] Question: Credit quality and ACL ratio outlook - The ACL ratio is expected to hold steady as loan growth continues, with no significant deterioration in credit quality observed [49] Question: Dynamics of net interest income and margin expansion - The outlook for margin expansion is positive, with expectations for meaningful improvement in Q3 driven by rate moves rather than balance sheet growth [46][51]

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, 2022 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: ...

Financial Data and Key Metrics Changes - The company's first quarter earnings were $34 million or $0.60 per diluted share, compared to $37 million or $0.66 per diluted share in the fourth quarter of 2021 [12] - Total loans increased by $293 million from Q4 of 2021, with strong production of $863 million in new loans [19][60] - Net interest income declined by $1.8 million quarter-over-quarter primarily due to two fewer days of interest income recognition [22] Business Line Data and Key Metrics Changes - The banking division experienced solid loan growth, with 11% annualized loan growth excluding acquired loans from Southeastern Commercial Finance [13] - The insurance and wealth management divisions produced strong results, contributing to overall performance [14][25] - Non-interest expenses decreased by approximately $700,000 for the quarter, reflecting ongoing expense discipline [26] Market Data and Key Metrics Changes - The company operates in growth markets with strong migration and business development activities, contributing to optimism about future growth [9] - The pipeline for loans increased to $290 million, up from $284 million in the prior quarter, indicating healthy deal flow [59] Company Strategy and Development Direction - The company plans to eliminate consumer non-sufficient fund fees and certain other consumer deposit-related fees, effective January 1, 2023, which totaled $1.3 million in the first quarter of 2022 [16] - The company remains opportunistic in exploring additional business lines and asset-based lending opportunities [72] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ability to grow despite economic headwinds, emphasizing the importance of maintaining a strong balance sheet [10] - The company anticipates total non-interest expense for the full year of 2022 to be less than in 2021, despite some linked quarter increases expected in Q2 [15] Other Important Information - The company recorded a credit provision of $1.5 million and net charge-offs of $851,000, with credit quality metrics remaining stable [20][21] - The efficiency ratio for Q1 was impacted by the return to normal in the mortgage division, with mortgage efficiency increasing significantly [38] Q&A Session Summary Question: Inquiry about expenses and future trajectory - Management indicated that total expenses are expected to increase by $2 million to $3 million on a quarterly basis, with a focus on maintaining efficiency [36] Question: Update on efficiency ratio targets - Management reiterated a short-term target of achieving a 60% efficiency ratio, dependent on interest rates and loan growth [37] Question: Outlook on mortgage expenses and revenue - Management believes that current mortgage expenses are reflective of the run rate, but further efficiency improvements may be possible [44] Question: Expectations for loan growth sustainability - Management expressed optimism about loan growth sustainability, with a strong pipeline and moderated payoffs contributing positively [67] Question: Discussion on deposit growth and mix changes - Management is hopeful for continued deposit growth, anticipating shifts in deposit mix as interest rates rise [80] Question: Branch rationalization efforts - Management confirmed ongoing branch rationalization efforts as part of their strategy to lower expenses and improve profitability [84]

First Quarter 2022 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 001-13253 RENASANT CORPORATION (Exact name of registrant as specified in its charter) Mississippi 64-0 ...