[Q2 2025 Earnings Announcement](index=1&type=section&id=RENASANT%20CORPORATION%20ANNOUNCES%20EARNINGS%20FOR%20THE%20SECOND%20QUARTER%20OF%202025) [Quarterly Highlights](index=1&type=section&id=Quarterly%20Highlights) Renasant Corporation's Q2 2025 results were significantly impacted by the merger with The First Bancshares, Inc., driving balance sheet growth despite merger-related expenses affecting GAAP net income - The Company completed its merger with The First Bancshares, Inc. on April 1, 2025, adding approximately **$7.9 billion in assets**, **$5.2 billion in loans**, and **$6.4 billion in deposits**[4](index=4&type=chunk) - Net interest margin for Q2 2025 was **3.85%**, an increase of **40 basis points** from the linked quarter, with adjusted net interest margin (non-GAAP) at **3.58%**, up **16 basis points**[8](index=8&type=chunk) - The combined company achieved net organic loan growth of **$311.6 million** (**6.9% annualized**) and net organic deposit growth of **$361.3 million** (**6.8% annualized**) during the quarter[8](index=8&type=chunk) - A provision for credit losses of **$81.3 million** was recorded, including a **$66.6 million Day 1 acquisition provision** related to the merger[8](index=8&type=chunk) Q2 2025 Key Financial Results | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net Income | $1.0 million | $41.5 million | $38.8 million | | Diluted EPS | $0.01 | $0.65 | $0.69 | | Adjusted Diluted EPS (Non-GAAP) | $0.69 | $0.66 | $0.69 | [Financial Performance Analysis](index=3&type=section&id=Financial%20Performance%20Analysis) [Income Statement](index=3&type=section&id=Income%20Statement) Net income for Q2 2025 significantly decreased to $1.0 million due to increased provisions for credit losses and noninterest expenses from the merger, while net interest income grew substantially Selected Income Statement Data (in thousands) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net Interest Income | $218,859 | $134,197 | $125,026 | | Total Provision for Credit Losses | $81,322 | $4,750 | $3,300 | | Noninterest Income | $48,334 | $36,395 | $38,762 | | Noninterest Expense | $183,204 | $113,876 | $111,976 | | Net Income | $1,018 | $41,518 | $38,846 | | Adjusted Net Income (Non-GAAP) | $65,877 | $42,111 | $38,846 | [Performance and Capital Ratios](index=4&type=section&id=Performance%20and%20Capital%20Ratios) GAAP performance ratios were depressed in Q2 2025 due to merger costs, while adjusted non-GAAP ratios indicated stable core performance, and capital ratios decreased post-merger Key Performance Ratios | Ratio | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Return on average assets (ROA) | 0.02% | 0.94% | 0.90% | | Adjusted ROA (non-GAAP) | 1.01% | 0.95% | 0.90% | | Return on average equity (ROE) | 0.11% | 6.25% | 6.68% | | Adjusted ROE (non-GAAP) | 7.06% | 6.34% | 6.68% | | Efficiency ratio (FTE) | 67.59% | 65.51% | 67.31% | | Adjusted efficiency ratio (non-GAAP) | 57.07% | 64.43% | 66.60% | Capital and Balance Sheet Ratios | Ratio | Jun 30, 2025 | Mar 31, 2025 | Jun 30, 2024 | | :--- | :--- | :--- | :--- | | Tangible book value per share (non-GAAP) | $23.10 | $27.07 | $23.89 | | Common equity tier 1 capital ratio | 11.09% | 12.59% | 10.75% | | Total risk-based capital ratio | 14.99% | 16.89% | 15.15% | [Noninterest Income and Noninterest Expense](index=5&type=section&id=Noninterest%20Income%20and%20Noninterest%20Expense) Noninterest income increased to $48.3 million in Q2 2025, driven by merger-related growth in service charges and mortgage banking, while noninterest expense sharply rose to $183.2 million due to merger costs and increased operational expenses - Total noninterest income increased by **$11.9 million** linked quarter, with notable growth in service charges on deposit accounts (**+$3.3 million**), fees and commissions (**+$2.9 million**), and mortgage banking income (**+$3.1 million**)[12](index=12&type=chunk) - Total noninterest expense increased by **$69.3 million** linked quarter, largely driven by a **$27.6 million** increase in salaries and employee benefits, a **$7.8 million** increase in intangible amortization, and **$20.5 million** in merger and conversion related expenses[8](index=8&type=chunk)[12](index=12&type=chunk) [Mortgage Banking Income](index=5&type=section&id=Mortgage%20Banking%20Income) Mortgage banking income for Q2 2025 reached $11.3 million, an increase from $8.1 million in Q1 2025, supported by higher net gains on loan sales and increased fee income Mortgage Banking Income Components (in thousands) | Component | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Gain on sales of loans, net | $5,316 | $4,500 | $5,199 | | Fees, net | $3,740 | $2,317 | $2,866 | | Mortgage servicing income, net | $2,207 | $1,330 | $1,633 | | **Total** | **$11,263** | **$8,147** | **$9,698** | [Balance Sheet and Portfolio Analysis](index=6&type=section&id=Balance%20Sheet%20and%20Portfolio%20Analysis) [Balance Sheet](index=6&type=section&id=Balance%20Sheet) The company's balance sheet significantly expanded in Q2 2025, with total assets reaching $26.6 billion, driven by substantial increases in loans and deposits following the merger Selected Balance Sheet Data (in thousands) | Account | Jun 30, 2025 | Mar 31, 2025 | | :--- | :--- | :--- | | Total Assets | $26,624,975 | $18,271,381 | | Loans held for investment | $18,563,447 | $13,055,593 | | Goodwill | $1,419,782 | $988,898 | | Total Deposits | $21,582,637 | $14,772,095 | | Total Shareholders' Equity | $3,778,854 | $2,727,105 | [Net Interest Income and Net Interest Margin](index=7&type=section&id=Net%20Interest%20Income%20and%20Net%20Interest%20Margin) Net interest income on a fully tax-equivalent basis rose to $222.7 million in Q2 2025, with the net interest margin expanding by 40 basis points to 3.85%, driven by the merger and a decrease in the cost of total deposits - The six-month net interest margin for the period ending June 30, 2025, was **3.68%**, compared to **3.30%** for the same period in 2024[16](index=16&type=chunk) Net Interest Margin Analysis | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net Interest Margin | 3.85% | 3.45% | 3.31% | | Yield on Interest-Earning Assets | 6.01% | 5.61% | 5.77% | | Cost of Interest-Bearing Liabilities | 2.96% | 2.99% | 3.38% | | Cost of Total Deposits | 2.12% | 2.22% | 2.47% | [Loan Portfolio](index=9&type=section&id=Loan%20Portfolio) The total loan portfolio expanded to $18.6 billion at the end of Q2 2025, primarily due to the acquisition of The First's loan portfolio, with significant growth in commercial real estate, 1-4 family mortgages, and commercial loans Loan Portfolio Composition (in thousands) | Loan Category | Jun 30, 2025 | Mar 31, 2025 | | :--- | :--- | :--- | | Commercial, financial, agricultural | $2,666,923 | $1,888,580 | | Real estate - construction | $1,339,967 | $1,090,862 | | Real estate - 1-4 family mortgages | $4,874,679 | $3,583,080 | | Real estate - commercial mortgages | $9,470,134 | $6,320,120 | | **Total loans** | **$18,563,447** | **$13,055,593** | [Credit Quality](index=9&type=section&id=Credit%20Quality) [Credit Quality and Allowance for Credit Losses on Loans](index=9&type=section&id=Credit%20Quality%20and%20Allowance%20for%20Credit%20Losses%20on%20Loans) Credit quality metrics in Q2 2025 were mixed, with nonperforming loans to total loans remaining stable at 0.76%, but total nonperforming loans and criticized loans increasing, while the allowance for credit losses on loans rose to 1.57% due to the Day 1 provision - Total nonperforming assets increased to **$153.6 million** from **$107.4 million** in the previous quarter, primarily due to the merger[18](index=18&type=chunk) - Net loan charge-offs for the second quarter of 2025 were **$12.1 million**, representing **0.26%** of average loans on an annualized basis[18](index=18&type=chunk) Key Credit Quality Metrics | Metric | Jun 30, 2025 | Mar 31, 2025 | Jun 30, 2024 | | :--- | :--- | :--- | :--- | | Nonperforming loans / total loans | 0.76% | 0.76% | 0.78% | | Allowance for credit losses / total loans | 1.57% | 1.56% | 1.59% | | Allowance for credit losses / nonperforming loans | 204.97% | 206.55% | 203.88% | | Criticized loans / total loans | 2.66% | 2.45% | 2.62% | [Supplementary Information](index=10&type=section&id=Supplementary%20Information) [Conference Call and Company Information](index=10&type=section&id=Conference%20Call%20and%20Company%20Information) The company will host a conference call on July 23, 2025, to discuss Q2 results, with Renasant Corporation operating 300 offices across the Southeast and holding approximately $26.6 billion in assets - A conference call is scheduled for **10:00 AM Eastern Time** on Wednesday, July 23, 2025[19](index=19&type=chunk) - Renasant Corporation, parent of Renasant Bank, has assets of approximately **$26.6 billion** and **300 banking, lending, mortgage, and wealth management offices**[22](index=22&type=chunk) [Forward-Looking Statements](index=10&type=section&id=Forward-Looking%20Statements) This section provides a cautionary note regarding forward-looking statements, emphasizing that actual results may differ due to various risks including acquisition integration, economic conditions, and regulatory changes - The press release contains forward-looking statements subject to significant business, economic, and competitive risks and uncertainties[23](index=23&type=chunk) - Key risk factors include the ability to efficiently integrate acquisitions, the effect of economic conditions and interest rates, competitive pressures, and changes in laws and regulations[24](index=24&type=chunk) [Non-GAAP Financial Measures and Reconciliations](index=11&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) [Explanation of Non-GAAP Measures](index=11&type=section&id=Explanation%20of%20Non-GAAP%20Measures) The company uses non-GAAP financial measures like adjusted net income and adjusted diluted EPS to provide a clearer view of core operating performance by excluding merger expenses and acquisition provisions - The company uses non-GAAP measures to exclude certain charges like merger and conversion expenses and the Day 1 acquisition provision for credit losses to facilitate period-to-period comparisons and show meaningful indicators of operating performance[28](index=28&type=chunk)[29](index=29&type=chunk) [Non-GAAP Reconciliations](index=12&type=section&id=Non-GAAP%20Reconciliations) This section details the reconciliation of GAAP figures to non-GAAP counterparts, showing how Q2 2025 GAAP net income of $1.0 million adjusts to an adjusted net income of $65.9 million by adding back merger expenses and acquisition provisions Reconciliation of Net Income to Adjusted Net Income (in thousands) | Description | Q2 2025 | | :--- | :--- | | Net income (GAAP) | $1,018 | | Merger and conversion expense | $20,479 | | Day 1 acquisition provision for loan losses | $62,190 | | Day 1 acquisition provision for unfunded commitments | $4,422 | | Gain on sales of MSR | ($1,467) | | Tax effect of adjustments | ($20,765) | | **Adjusted net income (non-GAAP)** | **$65,877** | Reconciliation of Diluted EPS to Adjusted Diluted EPS | Description | Q2 2025 | | :--- | :--- | | Diluted earnings per share (GAAP) | $0.01 | | **Adjusted diluted earnings per share (non-GAAP)** | **$0.69** |

Core Viewpoint - Renasant Corporation reported its earnings results for the second quarter of 2025, highlighting significant progress in the merger with The First Bancshares, Inc. and its impact on financial performance. Earnings Summary - Net income for Q2 2025 was $1.0 million, significantly impacted by merger-related expenses of $20.5 million and a Day 1 acquisition provision for credit losses of $66.6 million [7][11] - Basic and diluted EPS were both $0.01, while adjusted diluted EPS (non-GAAP) was $0.69 [7][10] - The company generated net organic loan growth of $311.6 million for the quarter, representing a 6.9% annualized growth rate [7] Merger Details - The merger with The First Bancshares, Inc. was completed on April 1, 2025, with The First operating 116 locations and having $7.9 billion in assets [3] - The merger contributed to a significant increase in net interest income, which rose to $222.7 million, up $85.3 million from the previous quarter [7] Balance Sheet Highlights - Total assets reached $26.6 billion as of June 30, 2025, up from $18.3 billion in the previous quarter [18] - Total deposits increased to $21.6 billion, with noninterest-bearing deposits rising to $5.4 billion, representing 24.8% of total deposits [18][19] Credit Quality - The provision for credit losses was $81.3 million, including a $66.6 million Day 1 acquisition provision [11] - The allowance for credit losses on loans to total loans ratio was 1.57% as of June 30, 2025 [11] Noninterest Income and Expense - Noninterest income for Q2 2025 was $48.3 million, an increase of $11.9 million linked quarter, primarily due to the merger [7][15] - Noninterest expense rose to $183.2 million, primarily driven by merger-related costs [7][15] Performance Ratios - Return on average assets was 0.02% for Q2 2025, while adjusted return on average assets (non-GAAP) was 1.01% [13] - The efficiency ratio (fully taxable equivalent) was 67.59% for the quarter [13] Capital and Stock Repurchase Program - The company has a $100.0 million stock repurchase program in effect through October 2025 [7]

Core Points - Renasant Corporation will announce its 2025 second quarter results on July 22, 2025, after the NYSE closes [1] - A quarterly webcast and conference call with analysts is scheduled for July 23, 2025, at 10:00 AM Eastern Time [1] - The webcast will be accessible through Renasant's investor relations website and via telephone for participants [2] Company Overview - Renasant Corporation is the parent company of Renasant Bank, which has been in operation for 121 years [4] - The company has approximately $26.0 billion in assets and operates over 280 banking, lending, mortgage, and wealth management offices in the Southeast, along with nationwide factoring and asset-based lending services [4]

PART I: Financial Information [Item 1. Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents Renasant Corporation's unaudited consolidated financial statements for Q1 2025, including balance sheets, income, comprehensive income, equity changes, cash flows, and detailed notes [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased to **$18.27 billion** by March 31, 2025, driven by growth in net loans, deposits, and shareholders' equity Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Assets | $18,271,381 | $18,034,868 | | Loans, net | $12,851,662 | $12,683,264 | | Total Deposits | $14,772,095 | $14,572,612 | | Total Liabilities | $15,544,276 | $15,356,550 | | Total Shareholders' Equity | $2,727,105 | $2,678,318 | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) Net income for Q1 2025 increased to **$41.5 million** from **$39.4 million** in Q1 2024, driven by higher net interest income, despite a lower diluted EPS of **$0.65** Q1 2025 vs. Q1 2024 Income Statement (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Interest Income | $134,197 | $123,290 | | Provision for Credit Losses | $4,750 | $2,438 | | Total Noninterest Income | $36,468 | $41,381 | | Total Noninterest Expense | $113,949 | $112,912 | | Net Income | $41,518 | $39,409 | | Diluted EPS | $0.65 | $0.70 | [Consolidated Statements of Comprehensive Income](index=7&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Comprehensive income significantly increased to **$62.5 million** in Q1 2025, primarily due to a positive swing in other comprehensive income from unrealized gains on securities Q1 2025 vs. Q1 2024 Comprehensive Income (in thousands) | Component | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Income | $41,518 | $39,409 | | Other Comprehensive Income (Loss) | $20,987 | $(2,687) | | **Comprehensive Income** | **$62,505** | **$36,722** | [Consolidated Statements of Changes in Shareholders' Equity](index=8&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Shareholders'%20Equity) Shareholders' equity increased to **$2.73 billion** by March 31, 2025, driven by net income and other comprehensive income, partially offset by cash dividends - Total shareholders' equity grew by approximately **$48.8 million** during Q1 2025[17](index=17&type=chunk) Key Changes in Shareholders' Equity Q1 2025 (in thousands) | Description | Amount | | :--- | :--- | | Balance at January 1, 2025 | $2,678,318 | | Net Income | $41,518 | | Other Comprehensive Income | $20,987 | | Cash Dividends ($0.22 per share) | $(14,270) | | **Balance at March 31, 2025** | **$2,727,105** | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities was **$106.2 million** in Q1 2025, while investing activities used **$292.1 million**, and financing activities provided **$185.2 million**, resulting in a slight net decrease in cash Q1 2025 Cash Flow Summary (in thousands) | Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $106,152 | $65,057 | | Net Cash (Used in) from Investing Activities | $(292,055) | $29,968 | | Net Cash from (Used in) Financing Activities | $185,210 | $(51,976) | | **Net (Decrease) Increase in Cash** | **$(693)** | **$43,049** | [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail accounting policies and financial data, covering securities, loans, credit quality, derivatives, fair value, regulatory capital, segment reporting, and the subsequent merger with The First Bancshares, Inc - On July 1, 2024, the Bank sold substantially all of the assets of Renasant Insurance, Inc[22](index=22&type=chunk) - On April 1, 2025, the Company completed its merger with The First Bancshares, Inc. This subsequent event will be accounted for as a business combination, with further details on purchase accounting to be disclosed in future filings[155](index=155&type=chunk)[156](index=156&type=chunk) Capital Ratios as of March 31, 2025 | Ratio | Renasant Corporation | Renasant Bank | | :--- | :--- | :--- | | Common Equity Tier 1 | 12.59% | 12.71% | | Tier 1 Capital | 13.35% | 12.71% | | Total Capital | 16.89% | 13.96% | | Tier 1 Leverage | 11.39% | 10.85% | [Item 2. MD&A of Financial Condition and Results of Operations](index=45&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 financial condition and results, covering the merger, balance sheet changes, income/expense analysis, and credit, interest rate, and liquidity risk management, highlighting asset growth and strong capital [Financial Condition](index=46&type=section&id=Financial%20Condition) Total assets grew to **$18.27 billion** by March 31, 2025, driven by increases in total loans to **$13.06 billion** and deposits to **$14.77 billion**, with noninterest-bearing deposits at **23.97%** - Total assets increased to **$18.27 billion** at March 31, 2025, from **$18.03 billion** at year-end 2024[164](index=164&type=chunk) - Total loans grew to **$13.06 billion**, with non-owner occupied commercial mortgage loans being the largest concentration at **32.65%** of the portfolio[170](index=170&type=chunk)[171](index=171&type=chunk) - Total deposits increased to **$14.77 billion**, with noninterest-bearing deposits at **$3.54 billion**, or **23.97%** of total deposits[174](index=174&type=chunk)[175](index=175&type=chunk) [Results of Operations](index=49&type=section&id=Results%20of%20Operations) Net income for Q1 2025 was **$41.5 million**, driven by a **$10.9 million** rise in net interest income to **$134.2 million**, despite decreased noninterest income and slightly increased noninterest expense, improving the efficiency ratio to **65.53%** Q1 2025 vs Q1 2024 Key Metrics | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Income | $41,518 thousand | $39,409 thousand | | Diluted EPS | $0.65 | $0.70 | | Net Interest Income | $134,197 thousand | $123,290 thousand | | Net Interest Margin (tax-equiv.) | 3.45% | 3.30% | | Noninterest Income | $36,468 thousand | $41,381 thousand | | Noninterest Expense | $113,949 thousand | $112,912 thousand | | Efficiency Ratio | 65.53% | 67.52% | - The decrease in noninterest income was primarily due to the sale of the insurance agency business on July 1, 2024, which contributed **$2.7 million** in income in Q1 2024[197](index=197&type=chunk) - Noninterest expense increased slightly, including **$791 thousand** in expenses related to the merger with The First[204](index=204&type=chunk) [Risk Management](index=56&type=section&id=Risk%20Management) The company manages credit, interest rate, and liquidity risks, with the allowance for credit losses at **$203.9 million** and nonperforming loans decreasing to **0.76%** of total loans, while maintaining an asset-sensitive interest rate position and robust liquidity Credit Quality Metrics | Metric | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Allowance for Credit Losses (ACL) on Loans | $203,931 thousand | $201,756 thousand | | ACL to Total Loans | 1.56% | 1.56% | | Nonperforming Loans (NPLs) | $98,733 thousand | $113,275 thousand | | NPLs to Total Loans | 0.76% | 0.88% | | ACL to NPLs (Coverage Ratio) | 206.55% | 178.11% | Interest Rate Sensitivity Analysis (as of March 31, 2025) | Rate Shock (bps) | % Change in EVE | % Change in NII (1-12 Mo) | | :--- | :--- | :--- | | +100 | 2.55% | 2.72% | | -100 | (3.49)% | (3.77)% | | -200 | (8.01)% | (6.99)% | [Liquidity and Capital Resources](index=64&type=section&id=Liquidity%20and%20Capital%20Resources) Core deposits are the primary liquidity source, supplemented by investment portfolio and credit lines, with **$3.8 billion** available from FHLB and **$662.6 million** from the Federal Reserve, while shareholders' equity reached **$2.73 billion** with strong capital ratios - Core deposits are the major source of funds. The company did not hold any brokered deposits at March 31, 2025[252](index=252&type=chunk) - Total available credit from the FHLB was **$3.82 billion** and from the Federal Reserve Discount Window was **$662.6 million** at quarter-end[178](index=178&type=chunk)[255](index=255&type=chunk) - Shareholders' equity grew to **$2.73 billion**, with book value per share at **$42.79**. The company did not repurchase any common stock in Q1 2025 under its **$100 million** repurchase program[271](index=271&type=chunk)[272](index=272&type=chunk) - Unfunded loan commitments stood at **$3.32 billion** and standby letters of credit at **$89.3 million** as of March 31, 2025[266](index=266&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=69&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) No material changes in market risk have occurred since December 31, 2024, with further information available in the 2024 Annual Report on Form 10-K - There have been no material changes in market risk since December 31, 2024[279](index=279&type=chunk) [Item 4. Controls and Procedures](index=69&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were effective as of quarter-end, with no material changes to internal control over financial reporting during Q1 2025 - Disclosure controls and procedures are deemed effective as of March 31, 2025[280](index=280&type=chunk) - No material changes in internal control over financial reporting occurred during the first quarter of 2025[280](index=280&type=chunk) PART II: Other Information [Item 1A. Risk Factors](index=70&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred in the risk factors previously disclosed in the 2024 Annual Report on Form 10-K - There have been no material changes from the risk factors set forth in the 2024 Annual Report on Form 10-K[281](index=281&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=70&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities occurred in Q1 2025, with **89,660** shares repurchased solely for tax liabilities related to vested restricted stock awards, not under the public repurchase program - No unregistered sales of equity securities occurred during the quarter[282](index=282&type=chunk) - A total of **89,660** shares were repurchased to satisfy tax liabilities from vested stock awards. No shares were bought back under the public repurchase plan, which has **$100 million** remaining authorization through October 2025[283](index=283&type=chunk)[285](index=285&type=chunk) [Item 5. Other Information](index=71&type=section&id=Item%205.%20Other%20Information) No director or officer adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during Q1 2025 - No director or officer adopted or terminated a Rule 10b5-1 trading plan during Q1 2025[286](index=286&type=chunk) [Item 6. Exhibits](index=71&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including the merger agreement, corporate governance documents, and officer certifications - The report includes various exhibits, such as the merger agreement, corporate governance documents, and required officer certifications[287](index=287&type=chunk)

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 ...

Financial Data and Key Metrics Changes - Earnings for Q1 2025 were $41.5 million or $0.65 per diluted share, with net interest income increasing to $134.2 million, up $1.3 million from the previous quarter [11] - Total deposits increased by approximately $200 million linked quarter, with noninterest-bearing deposits contributing $137 million to this growth [12] - Non-interest income rose by $2.2 million from the previous quarter, primarily driven by a $1.3 million increase in mortgage banking income [13] - Adjusted net interest margin increased by 8 basis points to 3.42%, while total cost of deposits decreased by 13 basis points to 2.22% [23] Business Line Data and Key Metrics Changes - The loan portfolio grew by $171 million, representing a 5.4% annualized growth rate, with total footings increasing by $237 million linked quarter [18] - Non-interest expense for the first quarter was $113.9 million, with a slight increase of $415,000 linked quarter when excluding merger and conversion expenses [13][14] Market Data and Key Metrics Changes - The company reported strong loan growth across various business lines, with significant contributions from small business banking and commercial credits [48] - The mortgage banking division experienced seasonality-driven increases, reflecting a robust pipeline despite rate volatility [90] Company Strategy and Development Direction - The company is focused on successfully integrating the merger with First Bancshares to achieve higher profitability and solid organic growth [7][25] - Management emphasized the importance of disciplined pricing and expense management to navigate economic uncertainties while pursuing growth opportunities [14][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance despite economic uncertainties, highlighting the potential for continued growth [8] - The company is actively monitoring its loan book for exposure to economic risks and is prepared to adjust underwriting standards as necessary [85] Other Important Information - All regulatory capital ratios are above required minimums, with book value per share and tangible book value per share increasing by 1.6% and 2.7%, respectively [19] - The company has a strong capital position, providing flexibility for future capital deployment, including potential share repurchases [60][100] Q&A Session Summary Question: Update on wealth management performance - Management noted consistency in wealth management, with over $6 billion in assets under management and continued growth potential [31] Question: Loan book assessment post-merger - Management indicated that the loan books of both companies are similar, with no immediate changes anticipated [34] Question: Updates on cost savings and integration timing - Management confirmed no changes in timing for cost savings, with conversion slated for early August [36] Question: Loan pipeline update - The loan pipeline increased to $189 million, with production rising to $645 million compared to the previous quarter [45] Question: Capital and loan mark implications - Management expects CET1 to be slightly above 11% at closing, with higher capital flexibility than initially forecasted [95] Question: Deposit and loan pricing competition - Management acknowledged ongoing competitive pressures but noted better-than-expected funding pricing [102]

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 ...

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Renasant shares have lost about 21.9% since the beginning of the year versus the S&P 500's decline of -12.3%. Renasant (RNST) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.65 per share a year ago. These figures are ad ...