Core Insights - Renasant Insurance has been sold to Sunstar Insurance Group, rebranding as "Sunstar Insurance Services" while retaining all current leadership and employees [1][5][6] - The acquisition marks Sunstar's strategic entry into Mississippi, enhancing its regional presence as a leading insurance broker with over $1.2 billion in premiums placed [2][5] - Renasant will maintain a strategic relationship with Sunstar, allowing its banking customers access to Sunstar's insurance and employee benefits products [3] Company Overview - Sunstar is based in Memphis, Tennessee, and is recognized as the 33rd largest independent insurance agency in the U.S., operating over 50 offices across six states [2] - Renasant Corporation, the parent company of Renasant Bank, has approximately $17.3 billion in assets and operates 185 financial service offices throughout the Southeast [7] Leadership and Future Outlook - Sunstar's leadership team believes that the integration will allow for enhanced service offerings to both current and future customers [2][6] - Renasant's CEO emphasized the opportunity for customers and employees to benefit from Sunstar's specialized resources and expertise [6]

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, 2024 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 reported earnings of $39.4 million or $0.70 per diluted share for the first quarter of 2024, with an adjusted EPS of $0.65 excluding a $3.5 million gain from the sale of mortgage servicing rights [52][28] - Loan growth for the quarter was $149 million, representing an annualized growth rate of 5%, while core deposit growth was $280 million on a linked quarter basis [54][7] - The adjusted net interest margin was 3.28%, down one basis point from the previous quarter, with adjusted loan yields increasing by 12 basis points [22][54] Business Line Data and Key Metrics Changes - Income from the mortgage division, excluding the MSR gain, increased by $1.3 million from the fourth quarter, with interest rate lock volume rising by $102 million quarter-over-quarter [20] - Non-interest income decreased by $688,000 quarter-over-quarter when excluding one-time items [28] - The company experienced a net downgrade of around $77 million in C&I credits, but all loans were current with no anticipated losses [34][60] Market Data and Key Metrics Changes - The company reported strong loan production across various markets, with 13% from Tennessee, 10% from Alabama, 15% from Georgia, and 26% from Mississippi [42] - The average deposit account size was $31,000, with no material concentrations in the deposit base [54] Company Strategy and Development Direction - The company is focused on improving operating leverage and managing expenses while maintaining a strong balance sheet [26][22] - The management succession plan was announced, with Kevin Chapman set to become CEO in May 2025, indicating a stable leadership transition [18] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth in southeastern markets, despite challenges in the mortgage sector [26][73] - The company anticipates stable margins in the near term, with loan yields improving but deposit pricing pressures remaining [36][49] Other Important Information - The company recorded a credit loss provision of $2.4 million, with net charge-offs at $164,000, reflecting stable asset quality [2] - The tangible common equity ratio improved to exceed 8%, indicating a strong capital position [54] Q&A Session Summary Question: What gives confidence regarding the increase in classified loans? - Management indicated that the classified loans added are current on payments and do not anticipate any losses [3][34] Question: What is the outlook for margins in the next couple of quarters? - Management expects margins to stabilize, with deposit costs increasing but at a slower pace [9][12] Question: What are the expectations for loan growth for the year? - The company has a pipeline of $142 million, indicating modest growth expectations [69] Question: How does the company view the profitability of the mortgage division? - Management remains optimistic about the mortgage division's profitability despite industry headwinds, citing improvements in structure and variable expenses [73][89] Question: How does the company approach managing problem assets? - The company proactively identifies weaknesses in loans to restructure or exit them before deterioration worsens [60]

RENASANT Understanding You. Management believes that the assumptions underlying our forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate. Investors are urged to carefully consider the risks described in Renasant's filings with the Securities and Exchange Commission ("SEC") from time to time, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.renasant.com and the SEC's website at www.sec. ...

Contacts: For Media: For Financials: John S. Oxford James C. Mabry IV Chief Marketing Officer Chief Financial Officer (662) 680-1219 (662) 680-1281 Senior Vice President Executive Vice President RENASANT CORPORATION ANNOUNCES EARNINGS FOR THE FIRST QUARTER OF 2024 TUPELO, MISSISSIPPI (April 23, 2024) - Renasant Corporation (NYSE: RNST) (the "Company") today announced earnings results for the first quarter of 2024. | (Dollars in thousands, except earnings per share) | | Three Months Ended | | | --- | --- | - ...

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, 2023 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) (State or other ...

Financial Data and Key Metrics Changes - The fourth quarter earnings were $28.1 million or $0.50 per diluted share, with an adjusted EPS of $0.76, reflecting a $0.20 increase from the previous quarter [45] - Total footings increased just under $180 million for the quarter, with loan growth of $183 million representing an annualized growth rate of 6% [50] - Adjusted net interest margin was 3.29%, down 6 basis points from Q3, while adjusted loan yields increased 10 basis points [54] Business Line Data and Key Metrics Changes - Income from the mortgage division, excluding the MSR gain, declined by $1.5 million from the third quarter, with interest rate lock volume down by $152 million [48] - Non-interest income for the fourth quarter included a $2.3 million payment related to a loan recovery agreement, contributing to overall income [48] Market Data and Key Metrics Changes - Core deposit growth was $215 million on a linked quarter basis, with a focus on managing funding costs through competitive pressures [46] - The average deposit account is $28,000, indicating a diverse and granular deposit base [51] Company Strategy and Development Direction - The company aims to continue shifting reliance away from non-core funding sources while focusing on core deposit growth [50] - Management emphasized the importance of expense control and maintaining strong asset quality as key strategies moving into 2024 [41][42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2024, highlighting the potential for modest margin expansion if interest rates remain stable [8][61] - There is an expectation of some volatility in asset quality in 2024 due to loan repricing and economic cycles [12] Other Important Information - The company recorded a credit loss provision of $2.5 million, with net charge-offs at $1.79 million, representing an annualized rate of 6 basis points [52] - The effective tax rate for Q4 was lower due to an impairment charge, with a forecasted effective tax rate for 2024 expected to be in the range of 21% to 22% [35] Q&A Session Summary Question: Inquiry about margin outlook - Management indicated that assuming no interest rate cuts, the margin is likely close to bottom and could show moderate upside in 2024 [61] Question: Follow-up on fixed-rate pricing opportunities - Approximately $700 million in fixed-rate loans will reprice in 2024, with an expected yield increase to the upper 7% to 8% range [4][7] Question: Credit quality and reserve release potential - Management does not anticipate a reserve release in the near future, preferring to use provisions for loan growth opportunities [12][14]

14 Understanding You。 Appendix Available Liquidity and Uninsured Deposits Understanding You. $7.7 $4.3 Available sources Uninsured and uncollateralized deposits | --- | --- | --- | |-------------------------------------|-------|-------| | | | | | Liquidity Sources | | | | Internal Sources | | | | Cash and cash equivalents | | $ 0.8 | | Unencumbered securities(1) 0.9 | | | | External Sources | | | | FHLB borrowing capacity(2) 2.9 | | | | Federal Reserve Discount Window 0.6 | | | | Other(3) 2.5 | | | | Total ...

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 September 30, 2023 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 num ...

Renasant Corporation (NYSE:RNST) Q3 2023 Earnings Conference Call October 25, 2023 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 Officer James Mabry - Chief Financial Officer David Meredith - Senior Executive Vice President and Chief Credit Officer Conference Call Participants Michael Rose - Raymond James Catherine Mealor - KBW Dave Bishop - Hovde Group Jordan ...