Revenue Sources - Investment income from investment activities accounted for approximately 7.92%, 5.13%, and 4.46% of total gross revenues in 2022, 2021, and 2020, respectively[39]. - Fees generated through deposit services accounted for approximately 7.64%, 7.15%, and 5.88% of total gross revenues in 2022, 2021, and 2020, respectively[42]. - The Wealth Management segment generated total revenue of $27.6 million, representing 3.95% of the Company's total gross revenues in 2022[45]. - Renasant Insurance generated total revenue of $12.4 million, or 1.78% of the Company's total gross revenues in 2022[46]. Risk Management and Compliance - The Company actively manages its loan portfolio to avoid excessive concentrations, balancing among various loan categories[38]. - The Company monitors construction and land development loans to assess risk based on regulatory guidelines[38]. - The Company has established numerous controls and procedures to ensure compliance with the TRID rules and other consumer protection laws[95]. - The company has implemented policies to ensure compliance with federal anti-money laundering laws and regulations[100]. - The company is subject to various federal and state laws designed to protect consumers in its lending activities[93]. Capital Requirements - The Company is subject to risk-based capital guidelines, requiring a minimum Tier 1 capital ratio of at least 4%[59]. - Renasant Corporation 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%[77]. - The capital conservation buffer required is 2.5% of CET1 to risk-weighted assets, which restricts the ability to pay dividends if the ratio falls below this buffer[77]. - Under current regulations, a bank is classified as "well capitalized" if it has total risk-based capital of 10% or more and a Tier 1 risk-based capital ratio of 8% or more[81]. Regulatory Environment - The Company has not elected to become a financial holding company, which would allow for broader financial activities without prior Federal Reserve approval[57]. - The Bank's ability to pay dividends is restricted by federal and state laws, requiring earned surplus to exceed three times capital stock for dividend payments[74]. - The FDIC may terminate the deposit insurance of any institution if it is determined to be engaging in unsafe practices or is in an unsafe condition[71]. - Renasant Bank must comply with federal consumer protection laws, subject to examination by the CFPB due to having more than $10 billion in assets[68]. - The FDIC's risk classification affects the assessment rate for deposit insurance, with higher risk classifications leading to higher rates[70]. - The Bank is subject to ongoing regulatory requirements for any investor seeking to acquire control of it, defined as owning 25% or more of voting securities[65]. Human Capital and Workforce - The company employed 2,334 people as of December 31, 2022, with 2,269 employees in the Bank and 65 in Renasant Insurance[106]. - The company has a strategic approach to human capital that includes attracting and retaining a diverse workforce and providing opportunities for development[106]. - The company has continued remote work arrangements for employees where feasible, reflecting updated guidance from health authorities[107]. Privacy and Consumer Protection - The company has adopted a privacy policy to govern the use and disclosure of personal financial information, ensuring compliance with applicable laws[99]. - The company received a "satisfactory" rating from the FDIC regarding its compliance with the Community Reinvestment Act in its most recent assessment[96]. Future Activities and Limitations - The Volcker Rule does not impact the company's current activities but limits future permissible activities[101].

Financial Data and Key Metrics Changes - The company's fourth quarter earnings were $46.3 million, or $0.82 per diluted share, compared to $46.6 million, or $0.83 per diluted share in the third quarter [18] - Adjusted diluted EPS for the fourth quarter was $0.89 [18] - Non-interest income decreased by $7.8 million quarter-over-quarter, largely due to the mortgage division [26] Business Line Data and Key Metrics Changes - The acquisition of Republic Business Credit (RBC) added $77.5 million in loans, while legacy Renasant contributed $396 million in organic loan growth [14][18] - The mortgage division continues to experience volatility, with origination volumes beginning to normalize but margins remaining unpredictable [19] - Capital Markets, Treasury Solutions, Wealth Management, and Insurance lines were solid contributors to earnings this quarter [19] Market Data and Key Metrics Changes - The company experienced a decline in non-interest bearing deposits of $268 million from the third quarter and borrowed $233 million in brokered time deposits in November [14] - The cost of deposits increased by 31 basis points from Q3 to 52 basis points this quarter, with expectations for continued competitive pressures in 2023 [25] Company Strategy and Development Direction - The company aims to build more scale and reach in specialty lines of business through acquisitions like RBC [18] - Focus remains on sound banking principles, retaining attractive core funding, and maintaining a diverse loan portfolio [29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2023 despite economic uncertainties, citing attractive markets with growth and net in-migration [9] - The outlook for net interest margin (NIM) is characterized as flat to slightly down for 2023, with expectations of better performance in the first half [37] Other Important Information - The adjusted efficiency ratio improved to 56.3% for the fourth quarter, reflecting revenue lift from margin expansion and expense discipline [12] - The company expects non-interest expenses to increase modestly in 2023 due to inflationary pressures [27] Q&A Session Summary Question: Outlook on margin and NII growth - Management characterized the margin outlook for 2023 as flat to slightly down, with core NIM for November at 3.78% and December at 3.76% [36][37] Question: Changes in deposit beta - The company is using a deposit beta of about low 40s for the cycle, which is an increase from six months ago [38] Question: Expectations for mortgage business - The mortgage division is still volatile, but there are positive trends with a 30% increase in the mortgage pipeline since the beginning of the year [47] Question: Reserve build and credit metrics - The reserve build was primarily in the commercial space due to the acquisition of RBC, with legacy Renasant's provision remaining flat quarter-over-quarter [49] Question: Loan growth expectations - The company expects moderate loan growth, with production for Q4 at $700 million, down from $753 million in the previous quarter [51]

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 ...

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, 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 num ...

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 ...

Renasant Corp. (NYSE:RNST) Q2 2022 Earnings Conference Call July 27, 2022 10:00 AM ET Company Participants Kelly Hutcheson - EVP & CAO Mitchell Waycaster - President, CEO & Director Kevin Chapman - Senior EVP & COO James Mabry - Senior EVP & CFO David Meredith - Senior EVP & Chief Credit Officer Conference Call Participants William Jones - KBW Michael Rose - Raymond James & Associates Kevin Fitzsimmons - D.A. Davidson & Co. Jordan Ghent - Stephens Inc. David Bishop - Hovde Group Operator Good morning, after ...

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]