Renasant Corporation (NYSE:RNST) Q1 2021 Earnings Conference Call April 28, 2021 10:00 AM ET Company Participants Kelly Hutcheson - Chief Accounting Officer Mitch Waycaster - President and Chief Executive Officer Kevin Chapman - Chief Operating Officer Jim Mabry - Chief Financial Officer Conference Call Participants Brad Milsaps - Piper Sandler Jennifer Demba - Truist Securities Kevin Fitzsimmons - D. A. Davidson Catherine Mealor - KBW Matt Olney - Stephens Operator Good morning and welcome to Renasant Cor ...

First Quarter 2021 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 ...

Banking Operations - As of December 31, 2020, the company had over 190 banking, lending, and mortgage offices across Mississippi, Tennessee, Alabama, Florida, Georgia, North Carolina, and South Carolina[25]. - The company offers a broad range of deposit services, including consumer checking accounts with free online and mobile banking[46]. - The Company maintained approximately 13.4% market share in Mississippi, 1.3% in Tennessee, 1.4% in Alabama, 1.4% in Florida, and 1.9% in Georgia as of 2020[55]. - The deposit share in Tupelo, Mississippi was 45.8%, with other notable shares including 12.8% in DeSoto County and 33.9% in Starkville[56]. - The Bank may establish additional branch offices within Mississippi and outside the state, subject to regulatory approval[79]. Lending Activities - Lending activities accounted for approximately 84.01%, 79.32%, and 78.22% of total gross revenues in 2020, 2019, and 2018, respectively[26]. - Commercial, financial, and agricultural loans represented approximately 23.20% of total loans as of December 31, 2020[28]. - Residential real estate loans comprised approximately 24.68% of total loans, with $4.48 billion originated for sale on the secondary market in 2020[31]. - Commercial mortgage loans accounted for approximately 41.66% of total loans as of December 31, 2020[34]. - Construction loans represented approximately 7.85% of total loans as of December 31, 2020[38]. - The company aims to manage its loan portfolio to avoid excessive concentrations, targeting a structure of approximately one-third C&I loans, one-third non-owner occupied commercial real estate loans, and one-third residential real estate loans and consumer loans[42]. Revenue Sources - Investment income from investment activities accounted for approximately 4.46%, 5.41%, and 5.38% of total gross revenues in 2020, 2019, and 2018, respectively[45]. - Deposit services accounted for approximately 5.88%, 7.78%, and 9.52% of total gross revenues in 2020, 2019, and 2018, respectively[48]. - The Wealth Management segment generated total revenue of $19.7 million, representing 2.66% of the Company's total gross revenues for 2020[51]. - Renasant Insurance contributed total revenue of $11.0 million, or 1.48% of the Company's total gross revenues in 2020[52]. Regulatory Environment - The U.S. banking industry is highly regulated, affecting the Company's growth and earnings performance due to compliance with federal and state laws[59]. - The Federal Reserve requires bank holding companies to maintain a minimum Tier 1 capital ratio of at least 4%[66]. - The Company has not elected to become a financial holding company, which would allow it to engage in a broader range of financial activities without prior approval[64]. - The BHC Act mandates prior approval from the Federal Reserve for acquisitions or mergers that would result in owning more than 5% of another bank's voting shares[70]. - The Bank is required to maintain a common equity Tier 1 capital (CET1) ratio of not less than 4.5% and a minimum total risk-based capital ratio of 8%[84]. - The minimum designated reserve ratio of the Deposit Insurance Fund (DIF) is currently 1.35% of total insured deposits[76]. - The Bank's assessment rate for deposit insurance is based on risk classification and is subject to a surcharge designed to increase the DIF to specified levels[77]. - The capital conservation buffer required is 2.5% of CET1 to risk-weighted assets in addition to minimum risk-based capital requirements[84]. - The maximum permissible interchange fee for debit transactions is capped at 21 cents plus 5 basis points of the transaction value[93]. - The Bank is subject to examination by the CFPB due to having more than $10 billion in assets, affecting compliance with federal consumer protection laws[75]. - The Bank has established policies to ensure compliance with federal anti-money laundering laws and regulations[108]. - The Volcker Rule limits the scope of permissible activities for the Bank in the future but does not impact current activities[109]. Employee and Operational Policies - The Bank employs 2,524 people as of December 31, 2020, with 2,458 in the Bank and 66 in Renasant Insurance[114]. - The Company implemented personnel policies to minimize COVID-19 exposure, including remote work and enhanced paid leave practices[115]. - A voluntary early retirement window program was offered to eligible employees, providing cash payments and retiree medical coverage[116]. - The Company established a Social Responsibility Diversity and Inclusion Committee to address workplace inclusion and diversity[117]. Compliance and Risk Management - The Company implemented a loan deferral program to mitigate the impact of the COVID-19 pandemic on consumer and commercial customers[42]. - The Bank has established numerous controls and procedures to ensure compliance with the TRID rules and all consumer protection laws, with annual training for employees[102]. - The Bank received a "satisfactory" rating from the FDIC regarding its compliance with the Community Reinvestment Act in its most recent assessment[104]. - The Bank's ability to pay dividends is restricted by federal and state laws, requiring earned surplus to exceed three times capital stock[81]. - The FDIC may terminate the deposit insurance of any institution if it determines unsafe or unsound practices, with accounts insured for a period of six months to two years post-termination[78]. - The Federal Reserve reduced reserve requirements to zero percent in March 2020, effectively eliminating the Bank's reserve requirements[99].

Renasant Corporation (NYSE:RNST) Q4 2020 Earnings Conference Call January 27, 2021 10:00 AM ET Company Participants Kelly Hutcheson - Chief Accounting Officer Mitchell Waycaster - President and Chief Executive Officer Kevin Chapman - Chief Operating Officer James Mabry - Chief Financial Officer David Meredith - Chief Credit Officer Conference Call Participants Jennifer Demba - Truist Securities, Inc. Michael Rose - Raymond James Financial Kevin Fitzsimmons - D. A. Davidson & Co. Catherine Mealor - Keefe, Br ...

Understanding You RENASANT CORPORATION Fourth Quarter 2020 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," "ant ...

Understanding You. RENASANT CORPORATION Third Quarter 2020 Investor Presentation 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," "project ...