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 ...

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 RENASANT CORPORATION (Exact name of registrant as specified in its charter) ________________________________________________________ Mississippi 64-0676974 (State or other jurisdiction of (I.R.S. E ...

Forward-Looking Statements 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.g ...

Financial Data and Key Metrics Changes - The second quarter earnings were $28.6 million or $0.51 per diluted share, with a core EPS of $0.83, reflecting a $0.01 increase from the first quarter [10] - Net interest income increased due to a rise in loan interest income of over $11 million, while deposit interest expense rose by $18.5 million [7][10] - The balance sheet contracted by $250 million from March 31, with solid loan growth of $165 million, representing an annualized growth rate of 5.6% [30] Business Line Data and Key Metrics Changes - Non-interest income increased modestly quarter-over-quarter, with strong results from capital markets, treasury solutions, wealth management, and insurance lines [11] - The mortgage division saw an increase in income of $1.3 million on a linked-quarter basis, with a gain on sale margin increasing by 51 basis points [11] Market Data and Key Metrics Changes - Total deposits increased slightly during the quarter, with a loan-to-deposit ratio holding constant at 85% [28] - Non-interest-bearing deposits decreased to 27% of total deposits from 31% at March 31, while the cost of deposits increased to 1.5% [31] Company Strategy and Development Direction - The company is focused on core deposit growth and managing funding costs, aiming to reduce reliance on brokered deposits [59] - The management emphasized maintaining a strong balance sheet and enhancing optionality for future growth opportunities [24][80] Management's Comments on Operating Environment and Future Outlook - The current operating environment remains volatile, but the company is optimistic about economic growth in its markets [9] - Management expects some relief in funding costs from recent balance sheet repositioning, although competitive pressures are likely to persist [33][66] Other Important Information - The company recorded a credit loss provision of $3 million, with net charge-offs at $3.9 million, representing an annualized rate of 13 basis points [32] - The efficiency ratio, excluding the loss on the sale of securities, was 63% for the quarter, with ongoing efforts to improve operating leverage [29] Q&A Session Summary Question: Impact of the security sale on future quarters - The security sale had a minimal impact on Q2, but it is expected to benefit future earnings by improving balance sheet flexibility [38] Question: Outlook on deposit beta expectations - The company anticipates deposit betas to be around 50%, with a focus on reducing brokered deposits over the next few quarters [46][59] Question: Loan production outlook and competitive dynamics - Loan production was solid, with $413 million this past quarter, and management remains optimistic about future production despite some moderation in pipelines [50][73] Question: Efficiency ratio and mortgage profitability - The efficiency ratio for the mortgage division is in the mid-90s, with expectations for elevated expenses in the coming quarters due to mortgage-related costs [76]