RNST

Renasant (NYSE:RNST) reported second-quarter adjusted earnings per share of $0.94, up 36% from a year earlier, as the company cited stronger operating performance, continued organic-growth efforts and opportunities created by disruption in its markets. Adjusted return on average assets increased to 1.30% from 1.01% in the second quarter of 2025, while adjusted return on average tangible common equity rose to 16.25% from 13.5%. The company’s efficiency ratio improved to 57.9% from 67.6% a year earlier. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now “Operating results across the company were strong as we continued to focus on organic growth, as well as disruption in many of our markets,” President and Chief Executive Officer Kevin Chapman said during the company’s earnings call. Loans increased $220.9 million from the prior quarter, representing annualized growth of 4.7%, according to Chief Financial Officer and Senior Executive Vice President Jim Mabry. Deposits declined $398.4 million, or 7.2% on an annualized basis, largely because of seasonal outflows in public-fund deposits. → 3 Value ETFs to Consider as Growth Stocks Lag Behind Management said it expects public-fund trends to improve during the second half of the year. Mabry said public-fund balances should be relatively stable or potentially produce some inflows, while the company continues to target mid-single-digit growth in both loans and deposits through the cycle. Chapman pointed to growth in new core deposit relationships. During the second quarter, Renasant opened more than 10,000 accounts for customers who did not previously have accounts or deposits with the bank, representing about $380 million in new deposits. About half of those deposits were certificates of deposit, with the other half coming from checking accounts, he said. → 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest? Through July, the company had opened more than 2,000 net new accounts representing $86 million in new funding, Chapman said, adding that some accounts were still being funded and could generate additional deposit growth in the third and fourth quarters. New deposits were arriving at market rates rather than through special promotional pricing, Chapman said. He estimated the weighted-average rate on new accounts was in the high-2% to low-3% range. Reported net interest margin declined four basis points sequentially to 3.83%, while adjusted net interest margin was unchanged at 3.61%. Adjusted total deposit costs rose two basis points to 1.96%, and adjusted loan yields fell one basis point to 6.03%. Mabry said Renasant expects its core margin to remain generally stable in the second half. He cited several factors that could support results, including loan growth weighted toward the end of the second quarter, approximately $1.25 billion of loans maturing over the next 12 months with an average rate of about 4.95%, and monthly securities roll-offs of roughly $50 million to $60 million from low-3% yields into investments yielding the upper-4% range or close to 5%. The company is not incorporating a Federal Reserve rate increase or reduction into its current outlook, Mabry said. A 25-basis-point change in rates would not be expected to have a major effect on its profitability outlook or balance sheet, absent a more meaningful rate move. Management acknowledged continued competition in both lending and deposit gathering. Mabry said new and renewed loan pricing was generally in the low-6% range, with competitive intensity varying across markets. Chief Credit Officer and Senior Executive Vice President David Meredith said competitors were also applying pressure through loan structures, including guarantor support, loan proceeds and covenants. He said Renasant would remain disciplined, particularly with new customers or transactions where it has less familiarity, while seeking to protect established relationships. Chapman said Renasant continues to expect mid-single-digit loan growth in the second half, despite elevated payoffs. The loan pipeline was about 6% to 10% higher than it had been at the beginning of the second quarter, he said. Management said early third-quarter loan production had exceeded elevated payoffs, with net loans up about $40 million at the time of the call. Chapman said most payoffs have occurred in commercial real estate, including multifamily and office properties, and have generally been tied to asset sales or business sales rather than loans moving to competitors. The company added 18 revenue-producing hires in the first quarter, five in the second quarter and seven so far in the third quarter. Chapman said Renasant’s hiring focus remains primarily within its current footprint, where it sees opportunities to deepen its presence and benefit from market disruption. He said Texas was not a primary near-term expansion focus, despite its economic appeal, because attaining relevance in major Texas markets would require substantial scale. Second-quarter net interest income was $227.7 million, down $0.8 million from the prior quarter. Non-interest income rose $0.9 million sequentially to $51.2 million. Pre-provision net revenue totaled $112.4 million. Non-interest expense increased $6.2 million sequentially to $161.5 million, driven mainly by deferred-compensation accruals tied to market valuations, higher health insurance claims and annual merit increases. Mabry said expenses could moderate in the third quarter, with management internally targeting a range of roughly $160 million to $165 million, though opportunistic hiring and health claims could affect the result. The company recorded a $3.8 million provision for credit losses on loans, including $1.2 million for funded loans and $2.6 million for unfunded commitments. Its allowance for credit losses declined two basis points sequentially to 1.54% of total loans. All regulatory capital ratios remained above the thresholds for well-capitalized institutions. On fee income, Mabry said strong Small Business Administration activity in the first half could moderate in the second half. Capital-markets activity was soft during the first half but could recover toward historical levels, while mortgage activity remained weak. Wealth-management revenue was described as steady and growing. Overall, Mabry said the second-quarter fee-income run rate was a reasonable starting point for the second half. Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate–1-4 family mortgage; real estate–commercial mortgage; real estate–construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Renasant Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Renasant (RNST) drew investor attention on July 28, 2026, after reporting second quarter results that included detailed earnings figures, updated net loan charge offs, and progress on its ongoing share repurchase program. See our latest analysis for Renasant. Renasant’s second quarter update, including lower net loan charge offs and progress on its buyback, comes after a strong run in the shares, with a year to date share price return of 23.92% and a 1 year total shareholder return of 20.67%. The 3 year total shareholder return of 57.58% points to momentum that has been building over a longer period. If Renasant’s earnings story has you looking at what else is working in financials, it can be a good time to broaden your search with 18 top founder-led companies After Renasant’s strong run and earnings beat, the stock still trades below both analyst targets and some fair value estimates. Is that discount pointing to excessive market caution, or a valuation that already reflects the risks? Renasant closed at $43.83, while the most followed narrative anchors fair value at $45.57 using a consistent 7.11% discount rate and detailed long term forecasts. Read the complete narrative. Want to see what is behind that upbeat growth path for Renasant? The narrative leans on rising margins, rising earnings and a future earnings multiple that is very different from today. Result: Fair Value of $45.57 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the Renasant narrative still faces real tests, including regional loan concentration and the risk that merger integration or digital execution may fall short of expectations. Find out about the key risks to this Renasant narrative. The narrative pegs Renasant at 3.8% undervalued using future earnings and a discounted cash flow style framework. A simple P/E check tells a different story. At 12.9x earnings, the stock sits above the US Banks industry at 12.1x and just above its own fair ratio of 12.7x. That points to limited margin for error if growth or profitability fall short of current expectations. This raises the question of which signal to place more weight on: the discounted cash flow style view or the P/E comparison. See what the numbers say about this price — find out in our valuation breakdown. Have mixed views on Renasant after all this, or starting to lean one way? Act while the details are fresh and weigh both sides with 4 key rewards and 1 important warning sign If Renasant has sharpened your focus, do not stop here. The next step is lining up fresh ideas so your watchlist keeps working for you. Target potential mispricing opportunities and see how far your research can go with 48 high quality undervalued stocks. Strengthen the defensive side of your portfolio by scanning for companies with solid balance sheet and fundamentals stocks screener (48 results). Spot tomorrow's potential standouts early by reviewing the screener containing 21 high quality undiscovered gems before they attract wider attention. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include RNST. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance momentum from the first quarter sustained through Q2, driven by organic growth and capitalizing on competitor disruption across key markets. Management attributed the 36% year-over-year increase in adjusted EPS to improved efficiency and a focus on high-quality core banking relationships. Loan production accelerated during the quarter but faced significant headwinds from elevated payoffs, particularly within the commercial real estate, multifamily, and office sectors. Strategic hiring remains a primary growth lever, with 18 revenue-producing hires in Q1 and an additional 12 added through early Q3 to capture market share from consolidating competitors. Core deposit growth was characterized as robust, with over 10,000 new accounts opened in Q2, offsetting seasonal public fund outflows that typically occur in the first half of the year. The company is maintaining a disciplined underwriting stance, choosing to protect existing relationships while remaining selective on new credits to ensure proper capital returns. Management maintains a mid-single-digit growth target for both loans and deposits, assuming production continues to outpace elevated payoff activity. Net interest margin is expected to remain stable in the second half of 2026, supported by the repricing of $1.2 billion in maturing loans and a steady securities roll-off. Operating expenses are projected to moderate downward in Q3 from Q2 levels as non-recurring items like deferred compensation and high insurance claims subside. The Basel III proposal is expected to provide a 55 to 65 basis point positive impact to CET1 capital, though management intends to maintain a target ratio in the low 11s. Strategic focus remains on building scale within the existing Southeast footprint rather than expanding into new geographies like Texas, which would require significant infrastructure. Noninterest expense increased by $6.2 million linked-quarter, primarily due to market-driven deferred compensation accruals and a $1 million spike in health insurance claims. Public fund deposits saw a seasonal decline of $398 million, which management expects to reverse and become a tailwind in the second half of the year. Credit loss provision included $2.6 million specifically for unfunded commitments, reflecting the growth in the loan pipeline. Payoffs were noted as 'lumpy' and driven by borrowers liquidating collateral or selling businesses rather than losing clients to direct competition. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Pipelines are up 6% to 10% compared to the start of Q2, supporting the mid-single-digit growth guidance despite continued payoff pressure. Early Q3 data shows net loan growth of $40 million, confirming that new production is successfully outpacing elevated payoffs. New accounts are being acquired at market rates in the high 2% to low 3% range, which management views as relationship-driven rather than price-driven. Over 2,000 net new accounts were opened in July alone, suggesting that the momentum from market disruption is not yet abating. Margin stability is supported by $1.2 billion in loans maturing at 4.95% that will reprice higher, alongside $50 million to $60 million in monthly securities roll-offs. Management is not budgeting for any Fed rate changes, stating that a 25 basis point move in either direction would not materially alter their profitability outlook. Core expenses are expected to settle near $161 million, though the final number depends on the pace of successful revenue-producing hires. Management clarified that while Q2 was elevated by one-time items, they will continue to invest in talent to take advantage of regional bank consolidation.

This article first appeared on GuruFocus. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Adjusted earnings per share increased by 36% year-over-year to $0.94. Adjusted return on average tangible common equity improved to 16.25% from 13.5% a year ago. Efficiency ratio improved significantly from 67.6% to 57.9%. Loan growth was strong, with an increase of $220.9 million on a link quarter basis. Renasant Corp (NYSE:RNST) opened over 10,000 new accounts in Q2, equating to approximately $380 million in new deposits. Deposits decreased by $398.4 million from the first quarter, primarily due to seasonal outflows of public fund deposits. Net interest margin decreased by 4 basis points to 3.83%. Non-interest expense increased by $6.2 million, driven by deferred compensation accruals and higher health insurance claims. Credit loss provision on loans was recorded at $3.8 million. Loan payoffs, particularly in commercial real estate, continue to be a headwind. Warning! GuruFocus has detected 7 Warning Sign with RNST. Is RNST fairly valued? Test your thesis with our free DCF calculator. Q: Can you discuss the expectations for loan growth in the back half of the year, considering the recent production levels and payoffs? A: Kevin Chapman, President and CEO, explained that while there were headwinds from payoffs, the production pipeline is ramping up. The pipeline is up about 66% to 10% from the beginning of Q2, and they are on track for mid single-digit growth as they move into Q3 and the latter half of the year. Q: Expenses were higher than expected this quarter. Can you provide insight into the trajectory of expenses moving forward? A: Jim, CFO, noted that there were some one-time items affecting expenses. The core expense run rate is expected to moderate downward in Q3 and remain steady for the rest of the year, despite ongoing investments in people and technology. Q: What are the trends in core deposit growth, and what are your expectations for the second half of the year? A: Jim, CFO, mentioned that seasonal outflows of public funds were the primary driver of deposit changes. However, core deposit trends are strong, with over 10,000 new accounts opened in Q2, equating to roughly $380 million in new deposits. This trend is expected to continue into Q3 and Q4. Q: How are you managing the competitive pressures on loan pricing and terms? A: David, a senior executive, acknowledged the competitive pressures on pricing and terms. The company remains disciplined in its underwriting and focuses on opportunities with well-known customers, especially where deposits are at risk. They are cautious with new customers and maintain a balance to protect credit metrics. Q: What is the impact of potential interest rate changes on the balance sheet and profitability? A: Jim, CFO, stated that a 25 basis point change in rates would not significantly impact profitability or the balance sheet. The company is not planning for any rate cuts or increases in their outlook, and absent a significant rate change, they do not foresee a major impact. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Renasant (RNST) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.30%. A quarter ago, it was expected that this holding company for Renasant Bank would post earnings of $0.84 per share when it actually produced earnings of $0.93, delivering a surprise of +10.71%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Renasant, which belongs to the Zacks Banks - Southeast industry, posted revenues of $273.94 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.6%. This compares to year-ago revenues of $267.19 million. The company has topped consensus revenue estimates three times over the last four quarters. 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 added about 23% since the beginning of the year versus the S&P 500's gain of 8.3%. While Renasant has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Renasant was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.93 on $279.33 million in revenues for the coming quarter and $3.73 on $1.11 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Mechanics Bank (MCHB), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29. This real estate lender is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of +256.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Mechanics Bank's revenues are expected to be $198.3 million, up 304.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Renasant Corporation (RNST) : Free Stock Analysis Report Mechanics Bancorp (MCHB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

For the quarter ended June 2026, Renasant (RNST) reported revenue of $273.94 million, up 2.5% over the same period last year. EPS came in at $0.94, compared to $0.69 in the year-ago quarter. The reported revenue represents a surprise of -0.6% over the Zacks Consensus Estimate of $275.6 million. With the consensus EPS estimate being $0.91, the EPS surprise was +3.3%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Renasant performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Interest Margin: 3.8% versus 3.8% estimated by three analysts on average. Efficiency ratio (GAAP): 57.9% compared to the 56.6% average estimate based on three analysts. Total nonperforming loans: $186.48 million compared to the $194.53 million average estimate based on two analysts. Annualized net loan charge-offs / average loans: 0.1% versus the two-analyst average estimate of 0.1%. Total nonperforming assets: $202.05 million versus the two-analyst average estimate of $209.76 million. Average Balance - Total interest-earning assets: $23.8 billion versus the two-analyst average estimate of $24.17 billion. Net Interest Income: $222.75 million versus $224.63 million estimated by three analysts on average. Net Interest Income (FTE): $227.66 million compared to the $229.56 million average estimate based on three analysts. Total Noninterest Income: $51.19 million versus $50.93 million estimated by three analysts on average. View all Key Company Metrics for Renasant here>>> Shares of Renasant have returned +1.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Renasant Corporation (RNST) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

TUPELO, Miss., July 28, 2026 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the second quarter of 2026. “Second quarter results were strong, and together with the first quarter, we have six months of financial performance that is well ahead of last year’s levels. We believe our team is operating at a high level and has positioned us to continue producing strong profitability as we pursue opportunities for added growth throughout our footprint,” remarked Kevin D. Chapman, President and Chief Executive Officer of the Company. Quarterly Highlights Earnings Net income for the second quarter of 2026 was $87.1 million; both diluted EPS and adjusted diluted EPS (non-GAAP)(1) were $0.94 Net interest income, on a fully tax equivalent basis, for the second quarter of 2026 was $227.7 million, down $0.8 million linked quarter Net interest margin, on fully tax equivalent basis, for the second quarter of 2026 was 3.83%, down 4 basis points linked quarter. Adjusted net interest margin (non-GAAP)(1) was flat at 3.61% Cost of total deposits was 1.96% for the second quarter of 2026, up 2 basis points linked quarter Noninterest income increased $0.9 million linked quarter Mortgage banking income decreased $0.3 million linked quarter. The mortgage division generated $611.6 million in interest rate lock volume in the second quarter of 2026, up $69.3 million linked quarter. Gain on sale margin was 1.57% for the second quarter of 2026, down 28 basis points linked quarter Noninterest expense increased $6.2 million linked quarter, driven primarily by deferred compensation accruals tied to market valuations, higher health insurance claims and annual merit increases Balance Sheet Loans increased $220.9 million linked quarter, representing a 4.7% annualized net loan increase. Included in this increase is a $58.3 million loan portfolio that Renasant Bank’s subsidiary, Republic Business Credit, acquired during the quarter Securities increased $9.3 million linked quarter. The Company purchased $162.4 million in securities during the second quarter, which was offset by a negative fair market value adjustment in the Company’s available-for-sale portfolio of $9.2 million and cash flows related to principal payments, calls and maturities of $146.5 million Deposits at June 30, 2026 decreased $398.4 million linked quarter. Seasonal outflows in public fund deposits accounted for $367.7 million of the decrease. Noninterest bearing deposits decreased $145.4 million linked quarter and represented 23.2% of total deposits at June 30, 2026 as compared to 23.5% at March 31, 2026 Capital and Stock Repurchase Program Book value per share and tangible book value per share (non-GAAP)(1) increased 1.7% and 1.4%, respectively, linked quarter Effective April 28, 2026, the Company’s quarterly cash dividend was increased to $0.24 per share The Company has a $250.0 million stock repurchase program under which the Company is authorized to repurchase outstanding shares of its common stock either in open market purchases or privately negotiated transactions. The program will remain in effect until the earlier of October 2026 or the repurchase of the entire amount authorized under the plan. During the second quarter of 2026, the Company repurchased $60.0 million of common stock at a weighted average price of $39.54. As of June 30, 2026, $101.8 million in repurchase authorization remained available under the program On May 7, 2026, the Company completed a subordinated debt offering, issuing $300.0 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 Credit Quality The Company recorded a provision for credit losses on loans and unfunded commitments of $1.2 million and $2.6 million, respectively, for the second quarter of 2026, representing a decrease of $3.1 million and $1.2 million, respectively, linked quarter The ratio of the allowance for credit losses on loans to total loans was 1.54% at June 30, 2026, down 2 basis points linked quarter The coverage ratio, or the allowance for credit losses on loans to nonperforming loans, was 158.73% at June 30, 2026, compared to 147.71% at March 31, 2026 Net loan charge-offs for the second quarter of 2026 were $2.8 million, or 0.06% annualized Nonperforming loans to total loans decreased to 0.97% at June 30, 2026 compared to 1.06% at March 31, 2026 , and criticized loans (which include classified and Special Mention loans) to total loans decreased to 2.66% at June 30, 2026, compared to 2.77% at March 31, 2026 (1) This is a non-GAAP financial measure. A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release. The information below under the heading “Non-GAAP Financial Measures” explains why the Company believes the non-GAAP financial measures in this release provide useful information and describes the other purposes for which the Company uses non-GAAP financial measures. Income Statement (1) This is a non-GAAP financial measure. A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release. The information below under the heading “Non-GAAP Financial Measures” explains why the Company believes the non-GAAP financial measures in this release provide useful information and describes the other purposes for which the Company uses non-GAAP financial measures. Performance Ratios Capital and Balance Sheet Ratios (1) This is a non-GAAP financial measure. A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release. The information below under the heading “Non-GAAP Financial Measures” explains why the Company believes the non-GAAP financial measures in this release provide useful information and describes the other purposes for which the Company uses non-GAAP financial measures. (2) Preliminary Noninterest Income and Noninterest Expense Mortgage Banking Income (1) Gain on sales of loans, net includes pipeline fair value adjustments Balance Sheet Net Interest Income and Net Interest Margin (1) Interest income and weighted average yields on tax-exempt loans and securities have been computed on a fully tax equivalent basis assuming a federal tax rate of 21%.(2) Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits. Net Interest Income and Net Interest Margin, continued (1) Interest income and weighted average yields on tax-exempt loans and securities have been computed on a fully tax equivalent basis assuming a federal tax rate of 21%.(2) Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits. Loan Portfolio Credit Quality and Allowance for Credit Losses on Loans CONFERENCE CALL INFORMATION:A live audio webcast of a conference call with analysts will be available beginning at 10:00 AM Eastern Time (9:00 AM Central Time) on Wednesday, July 29, 2026. The webcast is accessible through Renasant’s investor relations website at www.renasant.com or https://event.choruscall.com/mediaframe/webcast.html?webcastid=ATOn3Pcb. To access the conference via telephone, dial 1-877-513-1143 in the United States and request the Renasant Corporation 2026 Second Quarter Earnings Webcast and Conference Call. International participants should dial 1-412-902-4145 to access the conference call. The webcast will be archived on www.renasant.com after the call and will remain accessible for one year. A replay can be accessed via telephone by dialing 1-855-669-9658 in the United States and entering conference number 8054019 or by dialing 1-412-317-0088 internationally and entering the same conference number. Telephone replay access is available until August 12, 2026. ABOUT RENASANT CORPORATION: Renasant Corporation is the parent of Renasant Bank, a 122-year-old financial services institution. Renasant has assets of approximately $27.0 billion and operates 279 banking, lending, mortgage and wealth management offices throughout the Southeast and also offers factoring and asset-based lending on a nationwide basis. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release may contain, or incorporate by reference, statements about Renasant Corporation 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 fluctuate,” “will likely result,” or similar expressions, or future or conditional verbs such as “will,” “should,” “would” and “could,” are generally forward-looking in nature and not historical facts. Forward-looking statements include information about the Company’s future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. The Company’s management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements, and such differences may be material. Prospective investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Important factors currently known to management that could cause the Company’s actual results to differ materially from those in forward-looking statements include the following: (i) the Company’s ability to efficiently integrate acquisitions into its operations, retain the customers of these businesses, grow the acquired operations and realize the cost savings expected from an acquisition to the extent and in the timeframe anticipated by management (including the possibility that such cost savings will not be realized when expected, or at all, as a result of the impact of, or challenges arising from, the integration of the acquired assets and assumed liabilities into the Company, potential adverse reactions or changes to business or employee relationships, or as a result of other unexpected factors or events); (ii) potential exposure to unknown or contingent risks and liabilities the Company has acquired or may acquire; (iii) the effect of economic conditions and interest rates on a national, regional or international basis; (iv) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (v) the Company’s ability to remediate the material weakness in its internal control over financial reporting identified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2026; (vi) competitive pressures in the consumer finance, commercial finance, financial services, asset management, retail banking, factoring and mortgage lending and auto lending industries; (vii) the financial resources of, and products available from, competitors; (viii) changes in laws and regulations as well as changes in accounting standards; (ix) changes in governmental and regulatory policy, whether applicable specifically to financial institutions or impacting the United States generally (such as, for example, changes in trade policy); (x) changes in the securities and foreign exchange markets; (xi) the Company’s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xii) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of the Company’s investment securities portfolio; (xiii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiv) changes in the sources and costs of the capital the Company uses to make loans and otherwise fund the Company’s operations, due to deposit outflows, changes in the mix of deposits and the cost and availability of borrowings; (xv) general economic, market or business conditions, including the impact of inflation; (xvi) changes in demand for loan and deposit products and other financial services; (xvii) concentrations of credit or deposit exposure; (xviii) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xix) losses resulting from fraudulent activity, including loan and deposit fraud and social engineering attacks targeting the Company’s customers, employees and third party vendors; (xx) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses, including as a result of sophisticated attacks using artificial intelligence (“AI”) and similar tools; (xxi) civil unrest, natural disasters, epidemics and other catastrophic events in the Company’s geographic area; (xxii) geopolitical conditions, including acts or threats of terrorism and actions taken by the United States or other governments in response to acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; (xxiii) the impact, extent and timing of technological changes, including the rapid development of AI technologies; and (xxiv) other circumstances, many of which are beyond management’s control. Management believes that the assumptions underlying the Company’s 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 the Company’s filings with the 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.gov. The Company undertakes no obligation, and specifically disclaims any obligation, to update or revise forward-looking statements, whether as a result of new information or to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by federal securities laws. NON-GAAP FINANCIAL MEASURES: In addition to results presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), this press release and the presentation slides furnished to the SEC on the same Form 8-K as this release contain non-GAAP financial measures, namely, (i) adjusted loan yield, (ii) adjusted net interest income and margin, (iii) pre-provision net revenue (including on an as-adjusted basis), (iv) adjusted net revenue and net income, (v) adjusted diluted earnings per share, (vi) tangible book value per share, (vii) the tangible common equity ratio, (viii) the adjusted return on average assets and on average equity and certain other performance ratios (namely, the ratio of pre-provision net revenue to average assets and the return on average tangible assets and on average tangible common equity (including each of the foregoing on an as-adjusted basis)), (ix) adjusted noninterest expense, and (x) the adjusted efficiency ratio. These non-GAAP financial measures adjust GAAP financial measures to exclude intangible assets, including related amortization, and/or certain gains or charges, with respect to which the Company is unable to accurately predict when these charges will be incurred or, when incurred, the amount thereof. Management uses these non-GAAP financial measures when evaluating capital utilization and adequacy. In addition, the Company believes that these non-GAAP financial measures facilitate the making of period-to-period comparisons and are meaningful indicators of its operating performance, particularly because these measures are widely used by industry analysts for companies with merger and acquisition activities. Also, because intangible assets such as goodwill and the core deposit intangible can vary extensively from company to company and, as to intangible assets, are excluded from the calculation of a financial institution’s regulatory capital, the Company believes that the presentation of this non-GAAP financial information allows readers to more easily compare the Company’s results to information provided in other regulatory reports and the results of other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables below. None of the non-GAAP financial information that the Company has included in this release or the accompanying presentation slides are intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP. Investors should note that, because there are no standardized definitions for the calculations as well as the results, the Company’s calculations may not be comparable to similarly titled measures presented by other companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure. Non-GAAP Reconciliations (1) Tax effect is calculated based on the respective legal entity’s appropriate federal and state tax rates (as applicable) for the period, and includes the estimated impact of both current and deferred tax expense.

Regional banking company Renasant (NYSE:RNST) missed Wall Street’s revenue expectations in Q2 CY2026 as sales only rose 1.6% year on year to $273.9 million. Its non-GAAP profit of $0.94 per share was 3.1% above analysts’ consensus estimates. Is now the time to buy Renasant? Find out in our full research report. Net Interest Income: $222.8 million vs analyst estimates of $229.4 million (1.8% year-on-year growth, 2.9% miss) Net Interest Margin: 3.8% vs analyst estimates of 3.8% (in line) Revenue: $273.9 million vs analyst estimates of $280.5 million (1.6% year-on-year growth, 2.3% miss) Efficiency Ratio: 57.9% vs analyst estimates of 56.3% (161.2 basis point miss) Adjusted EPS: $0.94 vs analyst estimates of $0.91 (3.1% beat) Tangible Book Value per Share: $25.34 vs analyst estimates of $25.56 (9.7% year-on-year growth, 0.9% miss) Market Capitalization: $4.00 billion Founded in 1904 during a time when the South was rebuilding its economy, Renasant (NYSE:RNST) is a regional bank holding company that offers banking, wealth management, insurance, and specialized lending services throughout the Southeast. In general, banks make money from two primary sources. The first is net interest income, which is interest earned on loans, mortgages, and investments in securities minus interest paid out on deposits. The second source is non-interest income, which can come from bank account, credit card, wealth management, investment banking, and trading fees. Unfortunately, Renasant’s 10% annualized revenue growth over the last five years was mediocre. This fell short of our benchmark for the banking sector and is a rough starting point for our analysis. Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Renasant’s annualized revenue growth of 29.2% over the last two years is above its five-year trend, suggesting its demand recently accelerated. Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business. This quarter, Renasant’s revenue grew by 1.6% year on year to $273.9 million, falling short of Wall Street’s estimates. Net interest income made up 76.5% of the company’s total revenue during the last five years, meaning lending operations are Renasant’s largest source of revenue. Markets consistently prioritize net interest income growth over fee-based revenue, recognizing its superior quality and recurring nature compared to the more unpredictable non-interest income streams. WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it. This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE. Banks profit by intermediating between depositors and borrowers, making them fundamentally balance sheet-driven enterprises. Market participants emphasize balance sheet quality and sustained book value growth when evaluating these institutions. This explains why tangible book value per share (TBVPS) stands as the premier banking metric. TBVPS strips away questionable intangible assets, revealing concrete per-share net worth that investors can trust. EPS can become murky due to acquisition impacts or accounting flexibility around loan provisions, and TBVPS resists financial engineering manipulation. Renasant’s TBVPS grew at a sluggish 2.9% annual clip over the last five years. The last two years show a similar trajectory as TBVPS grew by 3% annually from $23.89 to $25.34 per share. Over the next 12 months, Consensus estimates call for Renasant’s TBVPS to grow by 11.9% to $28.35, mediocre growth rate. We struggled to find many positives in these results. Its net interest income missed and its revenue fell short of Wall Street’s estimates. Overall, this was a softer quarter. The stock remained flat at $43.92 immediately after reporting. So should you invest in Renasant right now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.