What changed in this filing

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Item 1. Financial Statements

2026-05-07 compared with 2025-11-07 · 521 added, 1016 removed, 845 unchanged (65% of the section changed)

FINANCIAL STATEMENTS

Renasant Corporation and Subsidiaries

Renasant Corporation

Consolidated Balance Sheets

(In Thousands, Except Share Data)

September 30,

2026 December 31, 2025

29 unchanged sentences

no shares issued and outstanding

Common stock, $ 5.00 par value – 250,000,000 and 150,000,000 shares authorized, respectively;

97,722,397 and 66,484,225 shares issued, respectively;

Common stock, $ 5.00 par value – 250,000,000 shares authorized;

97,722,397 shares issued;

92,881,329 and 94,636,207 shares outstanding, respectively

8 unchanged sentences

See Notes to Consolidated Financial Statements.

Renasant Corporation and Subsidiaries

Renasant Corporation

Consolidated Statements of Income (Unaudited)

(In Thousands, Except Share Data)

Three Months Ended Nine Months Ended

September 30, September 30,

2025 2024 2025 2024

(In Thousands, Except Per Share Data)

Three Months Ended

Interest income

10 unchanged sentences

Provision for credit losses on loans 4,224 2,050

Provision for (recovery of) credit losses on unfunded commitments 800 ( 275 ) 9,422 ( 1,475 )

Provision for credit losses on unfunded commitments 3,856 2,700

Provision for credit losses 8,080 4,750

3 unchanged sentences

Fees and commissions 4,654 3,787

Insurance commissions — — — 5,474

Wealth management revenue 8,678 7,067

Mortgage banking income 9,435 8,147

Gain on sale of insurance agency — 53,349 — 53,349

Gain on debt extinguishment — — — 56

BOLI income 3,689 2,929

19 unchanged sentences

See Notes to Consolidated Financial Statements.

Renasant Corporation and Subsidiaries

Renasant Corporation

Consolidated Statements of Comprehensive Income (Unaudited)

(In Thousands)

Three Months Ended Nine Months Ended

September 30, September 30,

2025 2024 2025 2024

Three Months Ended

Net income $ 88,228 $ 41,518

1 unchanged sentence

Securities available for sale:

Unrealized holding gains on securities 11,585 23,441 38,313 19,275

Unrealized holding (losses) gains on securities ( 11,867 ) 19,970

Amortization of unrealized holding losses on securities transferred to the held to maturity category 1,953 2,265

2 unchanged sentences

Unrealized holding losses on derivative instruments ( 659 ) ( 2,014 )

Amounts reclassified into earnings 626 692

Total derivative instruments ( 33 ) ( 1,322 )

2 unchanged sentences

Total defined benefit pension and post-retirement benefit plans 55 74

Other comprehensive income, net of tax 12,871 25,022 41,438 25,162

Other comprehensive (loss) income, net of tax ( 9,892 ) 20,987

Comprehensive income $ 78,336 $ 62,505

See Notes to Consolidated Financial Statements.

Renasant Corporation and Subsidiaries

Renasant Corporation

Consolidated Statements of Changes in Shareholders’ Equity

(In Thousands, Except Share Data)

Common Stock Treasury Stock Additional Paid-In Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Total

Nine Months Ended September 30, 2025 Shares Amount

Common Stock Treasury Stock Additional Paid-In Capital Retained Earnings Accumulated Other Comprehensive Loss Total

Three Months Ended March 31, 2026 Shares Amount

Balance at January 1, 2026 94,636,207 $ 488,612 $ ( 103,494 ) $ 2,392,997 $ 1,196,522 $ ( 89,732 ) $ 3,884,905

Net income — — — — 88,228 — 88,228

Other comprehensive income — — — — — 20,987 20,987

Other comprehensive loss — — — — — ( 9,892 ) ( 9,892 )

Comprehensive income 78,336

1 unchanged sentence

— — — — ( 21,634 ) — ( 21,634 )

Repurchase of shares in connection with stock repurchase program ( 1,917,611 ) — ( 75,806 ) — — — ( 75,806 )

Issuance of common stock for stock-based compensation awards 162,733 — 5,465 ( 9,822 ) — — ( 4,357 )

1 unchanged sentence

Balance at March 31, 2026 92,881,329 $ 488,612 $ ( 173,835 ) $ 2,388,649 $ 1,263,116 $ ( 99,624 ) $ 3,866,918

Net income — $ — $ — $ — $ 1,018 $ — $ 1,018

Other comprehensive income — — — — — 7,580 7,580

Comprehensive income 8,598

Cash dividends ($ 0.22 per share)

— — — — ( 21,155 ) — ( 21,155 )

Common stock issued in connection with an acquisition 31,238,172 156,191 — 903,720 — — 1,059,911

Issuance of common stock for stock-based compensation awards 41,672 — 1,398 ( 1,307 ) — — 91

Stock-based compensation expense — — — 4,304 — — 4,304

Balance at June 30, 2025 95,019,311 $ 488,612 $ ( 90,248 ) $ 2,393,566 $ 1,100,965 $ ( 114,041 ) $ 3,778,854

Net income — — — — $ 59,788 — $ 59,788

Other comprehensive income — — — — — 12,871 12,871

Comprehensive income 72,659

Cash dividends ($ 0.22 per share)

— — — — ( 21,153 ) — ( 21,153 )

Measurement period adjustment related to common stock issued in connection with an acquisition — — — ( 9,090 ) — — ( 9,090 )

Issuance of common stock for stock-based compensation awards 1,570 — ( 49 ) ( 886 ) — — ( 935 )

Stock-based compensation expense — — — 5,443 — — 5,443

Balance at September 30, 2025 95,020,881 $ 488,612 $ ( 90,297 ) $ 2,389,033 $ 1,139,600 $ ( 101,170 ) $ 3,825,778

Common Stock Treasury Stock Additional Paid-In Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Total

Nine Months Ended September 30, 2024 Shares Amount

Three Months Ended March 31, 2025 Shares Amount

Balance at January 1, 2025 63,565,690 $ 332,421 $ ( 97,196 ) $ 1,491,847 $ 1,093,854 $ ( 142,608 ) $ 2,678,318

Net income — — — — 41,518 — 41,518

Other comprehensive loss — — — — — ( 2,687 ) ( 2,687 )

Comprehensive income 36,722

Cash dividends ($ 0.22 per share)

— — — — ( 12,653 ) — ( 12,653 )

Issuance of common stock for stock-based compensation awards 162,653 — 5,566 ( 8,660 ) — — ( 3,094 )

Stock-based compensation expense — — — 3,992 — — 3,992

Balance at March 31, 2024 56,304,860 $ 296,483 $ ( 99,683 ) $ 1,303,613 $ 978,880 $ ( 156,943 ) $ 2,322,350

Net income — $ — $ — $ — $ 38,846 $ — $ 38,846

Other comprehensive income — — — — — 20,987 20,987

4 unchanged sentences

Stock-based compensation expense — — — 3,780 — — 3,780

Balance at June 30, 2024 56,367,924 $ 296,483 $ ( 97,534 ) $ 1,304,782 $ 1,005,086 $ ( 154,116 ) $ 2,354,701

Net income — — — — $ 72,455 — $ 72,455

Other comprehensive income — — — — — 25,022 25,022

Comprehensive income 97,477

Cash dividends ($ 0.22 per share)

— — — — ( 14,217 ) — ( 14,217 )

Common stock issued in public offering 7,187,500 35,938 — 181,062 — — 217,000

Issuance of common stock for stock-based compensation awards 8,604 — 283 ( 439 ) — — ( 156 )

Stock-based compensation expense — — — 3,273 — — 3,273

Balance at September 30, 2024 63,564,028 $ 332,421 $ ( 97,251 ) $ 1,488,678 $ 1,063,324 $ ( 129,094 ) $ 2,658,078

Balance at March 31, 2025 63,739,467 $ 332,421 $ ( 91,646 ) $ 1,486,849 $ 1,121,102 $ ( 121,621 ) $ 2,727,105

See Notes to Consolidated Financial Statements.

Renasant Corporation and Subsidiaries

Renasant Corporation

Consolidated Statements of Cash Flows (Unaudited)

(In Thousands)

Nine Months Ended September 30,

Three Months Ended March 31,

Operating activities

3 unchanged sentences

Depreciation, amortization and accretion 273 8,360

Deferred income tax (benefit) expense ( 4,103 ) 2,494

Gain on sale of MSR ( 1,467 ) ( 3,472 )

Gain on sale of insurance agency — ( 53,349 )

Deferred income tax expense 6,827 954

Funding of mortgage loans held for sale ( 342,536 ) ( 303,158 )

1 unchanged sentence

Gains on sales of mortgage loans held for sale ( 5,305 ) ( 4,500 )

Debt prepayment benefit — ( 56 )

(Gains) losses on sales of premises and equipment ( 347 ) 11

Stock-based compensation expense 13,527 10,639

Increase (decrease) in other assets 251 ( 8,108 )

Losses (gains) on sales of premises and equipment 10 ( 271 )

Stock-based compensation 5,474 3,780

Income from bank-owned life insurance ( 3,689 ) ( 2,929 )

Net change in operating leases 1,496 1,335

(Decrease) in other assets ( 25,228 ) ( 8,613 )

Decrease in other liabilities ( 13,970 ) ( 20,025 )

2 unchanged sentences

Purchases of securities available for sale ( 378,991 ) ( 175,815 )

Proceeds from sales of securities available for sale 686,485 177,185

Proceeds from call/maturities of securities available for sale 116,604 30,958

Proceeds from call/maturities of securities held to maturity 24,859 25,831

Proceeds from sale of MSR 9,353 23,011

Net increase in loans ( 929,248 ) ( 283,266 )

Net decrease (increase) in loans 79,767 ( 171,186 )

Purchases of premises and equipment ( 6,327 ) ( 4,817 )

Proceeds from sales of premises and equipment 12 1,267

Net cash received from sale of insurance agency — 55,333

Proceeds from surrender of bank-owned life insurance — 56,255

Net change in FHLB stock ( 6,130 ) 2,443

Purchases of FHLB stock 16,015 —

Proceeds from redemption of FHLB stock ( 1,175 ) ( 222 )

Purchases of FRB stock ( 91,127 ) —

Proceeds from sales of other assets 6,151 746

Net cash received in acquisition of businesses 261,483 —

Other, net 1,356 982

Net cash (used in) provided by investing activities ( 710,954 ) 48,583

Net cash used in investing activities ( 232,856 ) ( 236,001 )

Financing activities

Net increase (decrease) in noninterest-bearing deposits 46,584 ( 53,874 )

Net increase in interest-bearing deposits 348,575 486,840

Net increase (decrease) in short-term borrowings 199,795 ( 198,845 )

Repayment of long-term debt — ( 245 )

Net increase in deposits 626,414 199,483

Net decrease in short-term borrowings ( 249,911 ) ( 3 )

Cash paid for dividends ( 21,634 ) ( 14,270 )

Proceeds from equity offering — 217,000

Repurchase of shares in connection with stock repurchase program ( 75,806 ) —

Net cash provided by financing activities 279,063 185,210

Net (decrease) increase in cash and cash equivalents ( 8,247 ) 474,269

Net increase (decrease) in cash and cash equivalents 146,262 ( 693 )

Cash and cash equivalents at beginning of period 1,070,718 1,092,032

5 unchanged sentences

Transfers of loans to other real estate owned $ 4,955 $ 1,296

Common stock issued in acquisition of businesses $ 1,050,821 $ —

Nine Months Ended September 30,

Recognition of operating right-of-use assets $ 13,282 $ 2,503

Recognition of operating lease liabilities $ 13,282 $ 2,503

Recognition of operating right-of-use assets and liabilities $ 2,053 $ 565

See Notes to Consolidated Financial Statements.

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Renasant Corporation

Notes to the Consolidated Financial Statements (Unaudited)

Note 1 – Summary of Significant Accounting Policies

2 unchanged sentences

Renasant Corporation (referred to herein as the “Company”) owns and operates Renasant Bank (“Renasant Bank” or the “Bank”), Park Place Capital Corporation and Continental Republic Capital, LLC (doing business as “Republic Business Credit”).

On July 1, 2024, the Bank sold substantially all of the assets of its subsidiary, Renasant Insurance, Inc.

Through its subsidiaries, the Company offers a diversified range of financial, wealth management and fiduciary services to its retail and commercial customers from offices located throughout the Southeast and offers factoring and asset-based lending on a nationwide basis.

12 unchanged sentences

ASU 2024-03 will be effective January 1, 2027 and is not expected to have a significant impact on the Company’s financial statements.

In December 2023, FASB issued ASU 2023-09, “Income Taxes (Topic 740):

Improvements to Income Tax Disclosures” (“ASU 2023-09”), which enhances the transparency and decision usefulness of income tax disclosures.

ASU 2023-09 requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid.

Entities will also be required to disclose income/(loss) from continuing operations before income tax expense/(benefit) disaggregated between domestic and foreign, as well as income tax expense/(benefit) from continuing operations disaggregated by federal, state and foreign.

ASU 2023-09 was effective January 1, 2025 and did not have a significant impact on our financial statements.

In November 2023, FASB issued ASU 2023-07, “Segment Reporting (Topic 280):

Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which amends the disclosure requirements related to segment reporting primarily through enhanced disclosure about significant segment expenses and by requiring disclosure of segment information on an annual and interim basis.

ASU 2023-07 was effective January 1, 2024 and did not have a significant impact on the Company’s financial statements or segment disclosures.

In November 2025, FASB issued ASU 2025-08, “Financial Instruments - Credit Losses (Topic 326):

Purchased Loans” (“ASU 2025-08”), which amends the guidance on accounting for purchased loans under the current expected credit losses model.

The amendments clarify and refine the measurement and recognition requirements for purchased financial assets with credit deterioration and other purchased loans, including guidance on determining the initial allowance for credit losses, the treatment of noncredit discounts and premiums, and subsequent measurement considerations.

The standard is intended to improve consistency in practice and reduce complexity in applying the CECL model to purchased loan portfolios.

ASU 2025-08 will be effective January 1, 2027, and shall be applied prospectively.

The Company is currently evaluating the impact of this guidance on its consolidated financial statements and related disclosures, including the potential effects on the allowance for credit losses and net interest income.

The actual impact will depend on the volume and characteristics of loan portfolios purchased after the effective date.

In November 2025, FASB issued ASU 2025-09, “Derivatives and Hedging (Topic 815):

Hedge Accounting Improvements” (“ASU 2025-09”), which enables entities to apply hedge accounting to a greater number of highly effective economic hedges in the following areas:

(1) similar risk assessment for cash flow hedges, (2) hedging forecasted interest payments on choose-your-rate debt instruments, (3) cash flow hedges of nonfinancial forecasted transactions, (4) net written options as hedging instruments, and (5) foreign-currency-denominated debt instrument as hedging instrument and hedged item (dual hedge).

ASU 2025-09 will be effective January 1, 2028, and is not expected to have a material impact on the Company's consolidated financial position or results of operations, but it may affect the timing and presentation of gains and losses related to hedging activities and result in expanded disclosures.

Note 2 – Mergers and Acquisitions

5 unchanged sentences

At closing, The First merged with and into the Company, with the Company the surviving corporation in the merger;

immediately thereafter, The First Bank merged with and into Renasant Bank, with Renasant Bank the surviving banking corporation in the

immediately thereafter, The First Bank merged with and into Renasant Bank, with Renasant Bank the surviving banking corporation in the merger.

Before the merger, The First operated 116 banking locations throughout Louisiana, Mississippi, Alabama, Georgia and Florida.

The Company incurred transaction costs of $ 17,494 and $ 38,764 during the three and nine months ended September 30, 2025.

The Company incurred transaction costs of $ 4,746 during the three and nine months ended September 30, 2024.

No transaction costs were incurred during the three months ended March 31, 2026.

The Company incurred transaction costs of $ 791 during the three months ended March 31, 2025.

These transaction costs are reported in the line item “Merger and conversion related expenses” in the Consolidated Statements of Income.

The transaction was accounted for using the acquisition method of accounting and, accordingly, assets acquired and liabilities assumed were recorded at estimated fair values as of the acquisition date.

The Company recorded approximately $ 582,423 in intangible assets which consist of goodwill of $ 422,813 and a core deposit intangible of $ 159,610 .

The Company recorded approximately $ 584,499 in intangible assets, which consisted of goodwill of $ 419,023 , a core deposit intangible of $ 165,476 and a customer relationship intangible of $ 5,866 associated with Southwest Georgia Insurance Services, Inc.

(“SGIS”), The First’s wholly-owned insurance subsidiary.

Goodwill resulted from a combination of revenue enhancements from expansion in existing markets and efficiencies resulting from operational synergies.

The calculation of goodwill is subject to change as additional information becomes available during the measurement period.

As a result of the various measurement period adjustments identified during the third quarter of 2025, the estimated fair value of goodwill as of the acquisition date decreased by $ 8,071 , from $ 430,884 to $ 422,813 .

As a result of the various measurement period adjustments identified during the first quarter of 2026, the estimated fair value of goodwill as of the acquisition date increased by $ 827 , from $ 418,196 to $ 419,023 .

The fair value of the core deposit intangible is being amortized over its estimated useful life, currently expected to be approximately 10 years.

The goodwill is not deductible for income tax purposes.

On December 31, 2025, substantially all of the assets and certain liabilities of SGIS, including the customer relationship intangible, were sold, with no gain or loss recognized on the sale.

The Company assumed the outstanding short-term borrowings and long-term debt of The First.

10 unchanged sentences

The following table summarizes the fair value on April 1, 2025 of assets acquired and liabilities assumed on that date in connection with the merger with The First.

As Reported by The First Preliminary Adjustments Measurement Period Adjustments Fair Value of Net Assets Acquired at Date of Acquisition

Preliminary Fair Value of Net Assets Acquired at Date of Acquisition Measurement Period Adjustments Fair Value of Net Assets Acquired

Cash and cash equivalents $ 263,352 $ — $ 263,352

15 unchanged sentences

(1) The goodwill resulting from the merger has been assigned to the Community Banks operating segment.

The following table presents additional information related to the acquired loan portfolio at the acquisition date:

The following table presents additional information related to the acquired loan portfolio at the acquisition date on April 1, 2025:

April 1, 2025

8 unchanged sentences

Estimate of contractual cash flows not expected to be collected 62,190

Supplemental Pro Forma Combined Condensed Consolidated Results of Operations

The following unaudited pro forma combined condensed consolidated financial information presents the results of operations for the three and nine months ended September 30, 2025 and 2024 of the Company as though the merger with The First had been completed as of January 1, 2024.

The unaudited pro forma information combines the historical results of The First with the Company’s historical consolidated results and applies the impact of purchase accounting adjustments such as loan discount accretion, deposit amortization and intangible assets amortization as if the merger was completed as of January 1, 2024.

It excludes $ 20,479 of merger-related expenses and $ 66,612 of Day 1 acquisition provision expense from the second quarter of 2025 and instead includes such expenses in the first quarter of 2024.

The pro forma information is not necessarily indicative of what would have occurred had the acquisition taken place on January 1, 2024.

The pro forma information does not include the effect of any cost-saving or revenue-enhancing strategies.

Other than the aforementioned $ 20,479 in merger-related expenses, which were attributed to the first quarter of 2024, merger expenses are reflected in the period in which they were incurred.

(Unaudited) (Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2025 2024 2025 2024

Net interest income - pro forma $ 214,571 $ 210,037 $ 639,871 $ 620,429

Noninterest income - pro forma $ 46,026 $ 99,012 $ 139,289 $ 200,096

Noninterest expense - pro forma $ 183,830 $ 175,935 $ 548,533 $ 516,469

Net income - pro forma $ 50,839 $ 98,877 $ 173,055 $ 175,698

Earnings per share - pro forma:

Basic $ 0.54 $ 1.07 $ 1.83 $ 1.96

Diluted $ 0.53 $ 1.06 $ 1.81 $ 1.95

The Company has determined it is impracticable to disclose stand-alone revenues and earnings for legacy The First since April 1, 2025 due to the merging of certain processes during the second quarter of 2025.

Renasant Corporation and Subsidiaries

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

2 unchanged sentences

The amortized cost and fair value of securities available for sale were as follows as of the dates presented in the tables below.

There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of September 30, 2025 or December 31, 2024.

September 30, 2025

There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of March 31, 2026 or December 31, 2025.

March 31, 2026

Obligations of states and political subdivisions $ 272,729 $ 5,493 $ ( 3,580 ) $ 274,642

Residential mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 710,105 3,709 ( 17,508 ) 696,306

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 739,005 2,978 ( 59,903 ) 682,080

Agency mortgage-backed securities 1,045,352 2,144 ( 18,395 ) 1,029,101

Collateralized mortgage obligations 727,087 3,565 ( 62,584 ) 668,068

Commercial mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 100,337 221 ( 799 ) 99,759

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 414,781 2,639 ( 18,669 ) 398,751

Agency mortgage-backed securities 99,305 203 ( 461 ) 99,047

Collateralized mortgage obligations 419,035 2,985 ( 18,798 ) 403,222

Other debt securities 336,708 1,145 ( 2,286 ) 335,567

3 unchanged sentences

Residential mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 185,292 81 ( 24,468 ) 160,905

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 475,311 75 ( 86,870 ) 388,516

Agency mortgage-backed securities 793,154 5,670 ( 15,675 ) 783,149

Collateralized mortgage obligations 706,986 2,826 ( 57,908 ) 651,904

Commercial mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 11,373 — ( 751 ) 10,622

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 146,510 41 ( 21,595 ) 124,956

Agency mortgage-backed securities 100,314 285 ( 762 ) 99,837

Collateralized mortgage obligations 419,356 3,552 ( 18,120 ) 404,788

Other debt securities 349,132 1,537 ( 2,314 ) 348,355

$ 2,635,495 $ 21,882 $ ( 96,559 ) $ 2,560,818

Renasant Corporation and Subsidiaries

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

The amortized cost and fair value of securities held to maturity were as follows as of the dates presented:

September 30, 2025

March 31, 2026

Obligations of states and political subdivisions $ 278,510 $ 9 $ ( 31,584 ) $ 246,935

Residential mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 336,382 — ( 11,384 ) 324,998

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 327,592 — ( 19,529 ) 308,063

Agency mortgage-backed securities 313,373 — ( 12,441 ) 300,932

Collateralized mortgage obligations 312,961 — ( 23,348 ) 289,613

Commercial mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 16,944 — ( 2,185 ) 14,759

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 42,372 — ( 6,129 ) 36,243

Agency mortgage-backed securities 16,901 — ( 2,079 ) 14,822

Collateralized mortgage obligations 41,851 — ( 6,004 ) 35,847

Other debt securities 42,947 — ( 2,400 ) 40,547

5 unchanged sentences

Residential mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 372,414 — ( 25,251 ) 347,163

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 354,882 — ( 41,506 ) 313,376

Agency mortgage-backed securities 323,993 — ( 10,030 ) 313,963

Collateralized mortgage obligations 320,258 — ( 18,600 ) 301,658

Commercial mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 16,961 — ( 2,958 ) 14,003

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 43,662 — ( 7,317 ) 36,345

Agency mortgage-backed securities 16,938 — ( 2,059 ) 14,879

Collateralized mortgage obligations 42,079 — ( 5,997 ) 36,082

Other debt securities 47,413 — ( 2,062 ) 45,351

2 unchanged sentences

Held-to-maturity securities, net of allowance for credit losses $ 1,030,073

Securities sold are presented in the tables below for the periods presented.

On April 1, 2025, the Company acquired available for sale securities with a fair value of $ 1,457,377 as part of the merger with The First.

Shortly after merger, certain securities from this portfolio were sold at carrying value, resulting in no gain or loss on the sale;

no other securities were sold in the first nine months of 2025.

With respect to the securities sold during the nine months ended September 30, 2024, the Company intended to sell these securities as of December 31, 2023, and completed the sale in January 2024.

Therefore, the Company impaired the securities and recognized the loss in net income as of December 31, 2023.

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Carrying Value Immediately Prior to Sale Net Proceeds Gain/(Loss)

Nine months ended September 30, 2025

Obligations of other U.S.

Government agencies and corporations $ 34,394 $ 34,394 $ —

Obligations of states and political subdivisions 327,509 327,509 —

Residential mortgage backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 275,910 275,910 —

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 2,437 2,437 —

Commercial mortgage backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 6,541 6,541 —

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 6,480 6,480 —

Other debt securities 33,214 33,214 —

$ 686,485 $ 686,485 $ —

Carrying Value Immediately Prior to Sale Net Proceeds Impairment (Recognized in December 2023)

Nine months ended September 30, 2024

Obligations of states and political subdivisions $ 12,301 $ 11,360 $ ( 941 )

Residential mortgage backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 107,389 95,922 ( 11,467 )

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 48,300 43,990 ( 4,310 )

Commercial mortgage backed securities:

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 28,547 25,913 ( 2,634 )

$ 196,537 $ 177,185 $ ( 19,352 )

At September 30, 2025 and December 31, 2024, securities with a carrying value of $ 1,210,564 and $ 818,344 , respectively, were pledged to secure government, public and trust deposits.

Securities with a carrying value of $ 13,639 and $ 16,935 were pledged as collateral for short-term borrowings and derivative instruments, respectively, at September 30, 2025.

No securities were sold during the first quarter of 2026 or 2025.

At March 31, 2026 and December 31, 2025, securities with a carrying value of $ 1,716,468 and $ 1,732,787 , respectively, were pledged to secure government, public and trust deposits.

Securities with a carrying value of $ 8,896 and $ 21,377 were pledged as collateral for short-term borrowings and derivative instruments, respectively, at March 31, 2026.

Securities with a carrying value of $ 9,023 and $ 18,732 were pledged as collateral for short-term borrowings and derivative instruments, respectively, at December 31, 2025.

The amortized cost and fair value of securities at September 30, 2025 by contractual maturity are shown below.

The amortized cost and fair value of securities at March 31, 2026 by contractual maturity are shown below.

Expected maturities will differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties.

Renasant Corporation and Subsidiaries

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

6 unchanged sentences

Residential mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 336,382 324,998 710,105 696,306

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 327,592 308,063 739,005 682,080

Agency mortgage-backed securities 313,373 300,932 1,045,352 1,029,101

Collateralized mortgage obligations 312,961 289,613 727,087 668,068

Commercial mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 16,944 14,759 100,337 99,759

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 42,372 36,243 414,781 398,751

Agency mortgage-backed securities 16,901 14,822 99,305 99,047

Collateralized mortgage obligations 41,851 35,847 419,035 403,222

Other debt securities 42,947 40,547 286,866 285,946

$ 1,006,543 $ 928,696 $ 2,900,216 $ 2,809,647

Renasant Corporation and Subsidiaries

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

7 unchanged sentences

Available for Sale:

September 30, 2025

March 31, 2026

Obligations of states and political subdivisions 41 $ 61,680 $ ( 1,575 ) 11 $ 15,793 $ ( 2,005 ) 52 $ 77,473 $ ( 3,580 )

Residential mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 5 122,812 ( 1,316 ) 36 137,171 ( 16,192 ) 41 259,983 ( 17,508 )

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 3 27,820 ( 155 ) 37 306,995 ( 59,748 ) 40 334,815 ( 59,903 )

Agency mortgage-backed securities 18 408,243 ( 2,236 ) 38 192,999 ( 16,159 ) 56 601,242 ( 18,395 )

Collateralized mortgage obligations 2 73,544 ( 333 ) 38 287,019 ( 62,251 ) 40 360,563 ( 62,584 )

Commercial mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 9 71,211 ( 396 ) 2 5,581 ( 403 ) 11 76,792 ( 799 )

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 9 28,319 ( 40 ) 25 102,483 ( 18,629 ) 34 130,802 ( 18,669 )

Agency mortgage-backed securities 8 46,283 ( 180 ) 1 4,680 ( 281 ) 9 50,963 ( 461 )

Collateralized mortgage obligations 24 107,519 ( 635 ) 26 102,716 ( 18,163 ) 50 210,235 ( 18,798 )

Other debt securities 12 150,891 ( 293 ) 10 68,947 ( 1,993 ) 22 219,838 ( 2,286 )

3 unchanged sentences

Residential mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 7 11,051 ( 259 ) 34 141,321 ( 24,208 ) 41 152,372 ( 24,467 )

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 3 48,879 ( 482 ) 37 311,964 ( 86,389 ) 40 360,843 ( 86,871 )

Agency mortgage-backed securities 8 135,320 ( 903 ) 36 132,975 ( 14,772 ) 44 268,295 ( 15,675 )

Collateralized mortgage obligations 2 24,816 ( 58 ) 37 299,606 ( 57,850 ) 39 324,422 ( 57,908 )

Commercial mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises 2 5,248 ( 122 ) 2 5,375 ( 629 ) 4 10,623 ( 751 )

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises 2 7,681 ( 39 ) 25 104,326 ( 21,556 ) 27 112,007 ( 21,595 )

Agency mortgage-backed securities 9 71,188 ( 395 ) 2 5,595 ( 367 ) 11 76,783 ( 762 )

Collateralized mortgage obligations 12 40,387 ( 56 ) 25 102,206 ( 18,064 ) 37 142,593 ( 18,120 )

Other debt securities 10 191,504 ( 1,347 ) 8 14,571 ( 967 ) 18 206,075 ( 2,314 )

Total 54 $ 482,669 $ ( 3,204 ) 115 $ 568,544 $ ( 93,355 ) 169 $ 1,051,213 $ ( 96,559 )

Renasant Corporation and Subsidiaries

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

6 unchanged sentences

Held to Maturity:

September 30, 2025

March 31, 2026

Obligations of states and political subdivisions 7 $ 17,311 $ ( 1,296 ) 117 $ 227,737 $ ( 30,288 ) 124 $ 245,048 $ ( 31,584 )

Residential mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises — — — 66 324,998 ( 11,384 ) 66 324,998 ( 11,384 )

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises — — — 18 308,063 ( 19,529 ) 18 308,063 ( 19,529 )

Agency mortgage-backed securities 4 44,100 ( 728 ) 62 256,832 ( 11,713 ) 66 300,932 ( 12,441 )

Collateralized mortgage obligations — — — 18 289,613 ( 23,348 ) 18 289,613 ( 23,348 )

Commercial mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises — — — 1 14,758 ( 2,185 ) 1 14,758 ( 2,185 )

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises — — — 9 36,285 ( 6,129 ) 9 36,285 ( 6,129 )

Agency mortgage-backed securities — — — 1 14,823 ( 2,079 ) 1 14,823 ( 2,079 )

Collateralized mortgage obligations — — — 9 35,847 ( 6,004 ) 9 35,847 ( 6,004 )

Other debt securities — — — 10 40,547 ( 2,400 ) 10 40,547 ( 2,400 )

3 unchanged sentences

Residential mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises — — — 69 347,154 ( 25,251 ) 69 347,154 ( 25,251 )

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises — — — 18 313,376 ( 41,506 ) 18 313,376 ( 41,506 )

Agency mortgage-backed securities — — — 66 313,963 ( 10,030 ) 66 313,963 ( 10,030 )

Collateralized mortgage obligations — — — 18 301,657 ( 18,600 ) 18 301,657 ( 18,600 )

Commercial mortgage-backed securities:

Mortgage backed securities issued by U.S.

Government agencies or sponsored enterprises — — — 1 14,002 ( 2,958 ) 1 14,002 ( 2,958 )

Collateralized mortgage obligations issued by U.S.

Government agencies or sponsored enterprises — — — 9 36,345 ( 7,317 ) 9 36,345 ( 7,317 )

Agency mortgage-backed securities — — — 1 14,879 ( 2,059 ) 1 14,879 ( 2,059 )

Collateralized mortgage obligations — — — 9 36,083 ( 5,997 ) 9 36,083 ( 5,997 )

Other debt securities — — — 10 45,351 ( 2,062 ) 10 45,351 ( 2,062 )

6 unchanged sentences

A number of qualitative and quantitative factors are considered by management in the estimate of the discounted future contractual cash flows, including the financial condition of the underlying issuer, current and projected deferrals or defaults and credit ratings by nationally recognized statistical rating agencies.

The remaining difference between the fair value and the

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

amortized cost basis of the security is considered the amount related to other market factors and is recognized in other comprehensive income, net of tax.

As of September 30, 2025, the Company did not intend to sell any of the securities in an unrealized loss position, and it is not more likely than not that the Company will be required to sell any such security prior to the recovery of its amortized cost basis, which may be maturity.

Furthermore, more than 90% of available for sale securities have the explicit backing of the U.S.

The remaining difference between the fair value and the amortized cost basis of the security is considered the amount related to other market factors and is recognized in other comprehensive income, net of tax.

As of March 31, 2026, the Company did not intend to sell any of the securities in an unrealized loss position, and it is not more likely than not that the Company will be required to sell any such security prior to the recovery of its amortized cost basis, which may be maturity.

Furthermore, approximately 88 % of available for sale securities have the explicit backing of the U.S.

government or a guarantee from a U.S.

1 unchanged sentence

Performance of these securities has been in line with broader market price performance, indicating that increases in market-based, risk-free rates, and not credit-related factors, are driving losses.

When determining the fair value of the contractual cash flows for municipal and corporate securities, the Company considers historical experience with credit sensitive securities, current market conditions, the financial condition of the underlying issuer, current credit ratings, ratings changes and outlook, explicit and implicit guarantees, or insurance programs.

Based upon its review of these factors as of September 30, 2025, the Company determined that all such losses resulted from factors not deemed credit-related.

When determining the fair value of the contractual cash flows for municipal and corporate securities, the Company considers historical experience with credit sensitive

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

securities, current market conditions, the financial condition of the underlying issuer, current credit ratings, ratings changes and outlook, explicit and implicit guarantees, or insurance programs.

Based upon its review of these factors as of March 31, 2026, the Company determined that all such losses resulted from factors not deemed credit-related.

As a result, no credit-related impairment was recognized in current earnings, and all unrealized losses for available for sale securities were recorded in other comprehensive income (loss).

See Note 12, “Other Comprehensive Income” for more information on the Company’s unrealized losses on securities.

The allowance for credit losses on held to maturity securities was $ 32 at each of September 30, 2025 and December 31, 2024.

The allowance for credit losses on held to maturity securities was $ 32 at each of March 31, 2026 and December 31, 2025.

The Company monitors the credit quality of debt securities held to maturity using bond investment grades assigned by nationally recognized statistical ratings agencies.

Updated investment grades are obtained as they become available from agencies.

As of September 30, 2025, all of the debt securities held to maturity were rated A or higher by the ratings agencies.

As of March 31, 2026, all of the debt securities held to maturity were rated A or higher by the ratings agencies.

Note 4 – Loans

2 unchanged sentences

The following is a summary of loans and leases as of the dates presented:

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

September 30,

2026 December 31, 2025

Commercial, financial, agricultural $ 2,760,490 $ 1,885,817

Lease financing 78,964 95,071

Real estate – construction:

Commercial and industrial $ 2,895,477 $ 2,818,326

Construction and land development

Residential 425,543 382,773

Commercial 1,122,839 836,998

Total real estate – construction 1,527,490 1,093,653

Other 1,473,086 1,522,863

Total construction and land development 1,898,629 1,905,636

Real estate – 1-4 family mortgage:

Primary 3,061,356 2,428,076

First lien 3,792,685 3,844,097

Junior lien 52,516 52,943

Home equity 738,917 737,993

Rental/investment 841,515 402,938

Land development 239,955 113,705

Total real estate – 1-4 family mortgage 4,584,118 4,635,033

Real estate – commercial mortgage:

Owner-occupied 3,321,186 1,894,679

Non-owner occupied 6,120,677 4,226,937

Land development 223,212 114,452

Total real estate – commercial mortgage 9,665,075 6,236,068

Installment loans to individuals 115,675 90,014

Gross loans 19,030,306 12,889,500

Unearned income ( 4,785 ) ( 4,480 )

Commercial real estate - owner occupied 3,357,965 3,334,664

Commercial real estate - non-owner occupied

Multi family 1,278,646 1,392,779

Other 4,856,897 4,852,701

Total commercial real estate - non-owner occupied 6,135,543 6,245,480

Consumer 103,516 107,900

Loans, net of unearned income $ 18,975,248 $ 19,047,039

Past Due and Nonaccrual Loans

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due.

Generally, the recognition of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection.

Consumer and other retail loans are typically charged-off no later than the time the loan is 120 days past due.

In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful.

Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due.

For loans that are placed on nonaccrual status or charged-off, all interest accrued for the current year but not collected is reversed against interest income.

The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status.

Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

No interest income was recognized on nonaccrual loans for the three and nine months ended September 30, 2025 and 2024.

The Company had unearned income of $ 5,940 and $ 5,152 , unamortized net deferred (fees)/costs of $( 1,743 ) and $( 1,900 ) and unamortized purchase accounting discounts, net of premiums, of $ 146,156 and $ 161,591 at March 31, 2026 and December 31, 2025, respectively.

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

Renasant Corporation and Subsidiaries

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Accruing Loans Nonaccruing Loans

Past Due 90 Days

Past Due Current

Loans 30-89 Days

Accruing Loans

Past Due 90 Days

Past Due Current

September 30, 2025

Commercial, financial, agricultural $ 4,430 $ 138 $ 2,723,231 $ 2,727,799 $ ( 260 ) $ 6,946 $ 26,005 $ 32,691 $ 2,760,490

Lease financing 215 — 78,111 78,326 — 638 — 638 78,964

Real estate – construction:

Loans Nonaccruing Loans Total

March 31, 2026

Commercial and industrial $ 2,950 $ 981 $ 2,845,434 $ 2,849,365 $ 46,112 $ 2,895,477

Construction and land development

Residential — — 423,552 423,552 1,991 425,543

Commercial 2,708 — 1,118,008 1,120,716 — — 2,123 2,123 1,122,839

Total real estate – construction 3,149 — 1,519,693 1,522,842 — 241 4,407 4,648 1,527,490

Other 111 390 1,462,642 1,463,143 9,943 1,473,086

Total construction and land development 111 390 1,886,194 1,886,695 11,934 1,898,629

Real estate – 1-4 family mortgage:

Primary 26,510 46 2,982,691 3,009,247 2,351 42,865 6,893 52,109 3,061,356

First lien 49,518 341 3,686,910 3,736,769 55,916 3,792,685

Junior lien 474 — 50,911 51,385 1,131 52,516

Home equity 3,151 — 731,842 734,993 3,924 738,917

Rental/investment 2,235 103 836,590 838,928 238 1,442 907 2,587 841,515

Land development 177 — 239,729 239,906 — 44 5 49 239,955

Total real estate – 1-4 family mortgage 53,143 341 4,469,663 4,523,147 60,971 4,584,118

Real estate – commercial mortgage:

Owner-occupied 5,278 — 3,286,031 3,291,309 3,964 3,950 21,963 29,877 3,321,186

Non-owner occupied 649 485 6,074,884 6,076,018 9,241 7,361 28,057 44,659 6,120,677

Land development 332 — 222,161 222,493 82 585 52 719 223,212

Total real estate – commercial mortgage 6,259 485 9,583,076 9,589,820 13,287 11,896 50,072 75,255 9,665,075

Installment loans to individuals 827 20 114,609 115,456 89 104 26 219 115,675

Unearned income — — ( 4,785 ) ( 4,785 ) — — — — ( 4,785 )

Commercial real estate - owner occupied 5,586 — 3,322,946 3,328,532 29,433 3,357,965

Commercial real estate - non-owner occupied

Multi family 1,413 489 1,275,975 1,277,877 769 1,278,646

Other 4,839 565 4,803,387 4,808,791 48,106 4,856,897

Total commercial real estate - non-owner occupied 6,252 1,054 6,079,362 6,086,668 48,875 6,135,543

Consumer 555 13 102,758 103,326 190 103,516

Loans, net of unearned income $ 68,597 $ 2,779 $ 18,706,357 $ 18,777,733 $ 197,515 $ 18,975,248

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Accruing Loans Nonaccruing Loans

Past Due 90 Days

Past Due Current

Loans 30-89 Days

Accruing Loans

Past Due 90 Days

Past Due Current

Loans Nonaccruing Loans Total

December 31, 2025

Commercial, financial, agricultural $ 807 $ 125 $ 1,883,010 $ 1,883,942 $ 245 $ 734 $ 896 $ 1,875 $ 1,885,817

Lease financing 27 — 90,961 90,988 78 614 3,391 4,083 95,071

Real estate – construction:

Commercial and industrial $ 6,580 $ 109 $ 2,783,744 $ 2,790,433 $ 27,893 $ 2,818,326

Construction and land development

Residential 59 — 380,681 380,740 2033 382,773

Commercial — 16 836,982 836,998 — — — — 836,998

Total real estate – construction 2,194 16 1,090,220 1,092,430 — 1,023 200 1,223 1,093,653

Other 676 158 1,516,490 1,517,324 5,539 1,522,863

Total construction and land development 735 158 1,897,171 1,898,064 7,572 1,905,636

Real estate – 1-4 family mortgage:

Primary 29,258 — 2,343,781 2,373,039 13,627 25,335 16,075 55,037 2,428,076

First lien 55,636 — 3,727,587 3,783,223 60874 3,844,097

Junior lien 743 7 50,717 51,467 1,476 52,943

Home equity 3,885 — 731,034 734,919 3,074 737,993

Rental/investment 573 12 401,977 402,562 136 240 — 376 402,938

Land development 25 1,740 111,920 113,685 20 — — 20 113,705

Total real estate – 1-4 family mortgage 60,264 7 4,509,338 4,569,609 65,424 4,635,033

Real estate – commercial mortgage:

Owner-occupied 2,650 365 1,879,350 1,882,365 296 1,000 11,018 12,314 1,894,679

Non-owner occupied 326 — 4,197,331 4,197,657 — — 29,280 29,280 4,226,937

Land development 142 160 111,019 111,321 98 16 3,017 3,131 114,452

Total real estate – commercial mortgage 3,118 525 6,187,700 6,191,343 394 1,016 43,315 44,725 6,236,068

Installment loans to individuals 654 11 89,246 89,911 4 42 57 103 90,014

Unearned income — — ( 4,480 ) ( 4,480 ) — — — — ( 4,480 )

Commercial real estate - owner occupied 9,109 — 3,294,252 3,303,361 31,303 3,334,664

Commercial real estate - non-owner occupied

Multi family — — 1,391,994 1,391,994 785 1,392,779

Other 11,595 — 4,798,496 4,810,091 42,610 4,852,701

Total commercial real estate - non-owner occupied 11,595 — 6,190,490 6,202,085 43,395 6,245,480

Consumer 879 14 106,864 107,757 143 107,900

Loans, net of unearned income $ 89,162 $ 288 $ 18,781,859 $ 18,871,309 $ 175,730 $ 19,047,039

Collateral Dependent Loans

Collateral dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty.

These loans do not share common risk characteristics with other loans within the Company’s portfolio, and the allowance for credit losses on such loans is evaluated on an individual basis rather than on a collective basis with other pooled loans.

The majority of collateral dependent loans consist of commercial purpose loans with collateral comprised of real estate and business assets.

Collateral dependent loans were $ 131,265 and $ 66,063 at September 30, 2025 and December 31, 2024, respectively.

The Company recorded a specific allowance for credit losses on such loans of $ 27,010 and $ 15,052 at September 30, 2025 and December 31, 2024, respectively, which reflected the difference between the net realizable value of the collateral and the amortized cost of the loans.

The increase in collateral dependent loans from December 31, 2024 is primarily due to acquired collateral dependent loans from The First.

Interest income recognized on nonaccrual loans for the three months ended March 31, 2026 and 2025 was immaterial.

Certain Modifications to Borrowers Experiencing Financial Difficulty

Certain modifications of loans made to borrowers experiencing financial difficulty in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay (including extension of the amortization period), or a term extension, but excluding covenant waivers and modification of contingent acceleration clauses, are required to be disclosed in accordance with ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326):

Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”).

All modifications for the three and nine months ended September 30, 2025 and 2024 and which met the disclosure criteria in ASU 2022-02 were performing in accordance with their modified terms at September 30, 2025 and 2024, respectively.

There were unused commitments of $ 647 and $ 464 with respect to these loans at September 30, 2025 and September 30, 2024, respectively.

Upon the Company’s determination that a modification has subsequently become uncollectible, the loan, or portion of the loan, is charged off, the amortized cost basis of the loan is reduced by the uncollectible amount, and the allowance for credit losses is adjusted accordingly.

See Note 5, “Allowance for Credit Losses,” for more information on the allowance for credit losses.

Renasant Corporation and Subsidiaries

The following tables present the amortized cost basis of loans that were experiencing financial difficulty and modified during the three months ended March 31, 2026 and 2025, respectively, by class of financing receivable and by type of modification.

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

The following tables present the amortized cost basis of loans that were experiencing financial difficulty, modified during the three and nine months ended September 30, 2025 and 2024, respectively, by class of financing receivable and by type of modification.

The percentage of the amortized cost basis for each class of disclosed modifications as compared to the amortized cost basis of each class of loans is also presented below.

Three Months Ended September 30, 2025

Interest Rate Reduction Term Extension Payment Delay Term Extension and Payment Delay Interest Rate Reduction and Term Extension Total % Total Loans by Class

Commercial, financial, agricultural $ — $ 27,025 $ — $ 101 $ — $ 27,126 0.98 %

Lease financing — — — — — — —

Real estate – 1-4 family mortgage:

Primary — — 157 17 — 174 0.01

Home equity — 39 124 — — 163 0.02

Total real estate – 1-4 family mortgage — 39 281 17 — 337 0.01

Real estate – commercial mortgage:

Owner-occupied 1,142 $ — $ — $ — $ 142 $ 1,284 0.04

Non-owner occupied — — — — 357 357 0.01

Land development — 33 — — — 33 0.01

Total real estate – commercial mortgage 1,142 33 — — 499 1,674 0.02

Installment loans to individuals — — — 11 — 11 0.01

Loans, net of unearned income $ 1,142 $ 27,097 $ 281 $ 129 $ 499 $ 29,148 0.15 %

Nine Months Ended September 30, 2025

Interest Rate Reduction Term Extension Payment Delay Term Extension and Payment Delay Interest Rate Reduction and Term Extension Interest Rate Reduction, Term Extension and Payment Delay Total % Total Loans by Class

Commercial, financial, agricultural $ — $ 27,025 $ — $ 101 $ — $ — $ 27,126 0.98 %

Real estate – construction:

Three Months Ended March 31, 2026

Interest Rate Reduction Term Extension Payment Delay Term Extension and Payment Delay Total % Total Loans by Class

Commercial and industrial $ — $ 52 $ 36 $ 837 $ 925 0.03 %

Construction and land development

Residential — — — — — — %

Real estate – 1-4 family mortgage:

Primary — — 157 17 — — 174 0.01

Home equity — 39 124 — — — 163 0.02

Total real estate – 1-4 family mortgage — 39 281 17 — — 337 0.01

Real estate – commercial mortgage:

Owner-occupied 1,142 — — — 142 — 1,284 0.04

Non-owner occupied — 2,077 — — 357 — 2,434 0.04

Land development — 33 — — — — 33 0.01

Total real estate – commercial mortgage 1,142 2,110 — — 499 — 3,751 0.04

Installment loans to individuals — 81 6 13 — 2 102 0.09

Loans, net of unearned income $ 1,142 $ 29,255 $ 287 $ 366 $ 499 $ 2 $ 31,551 0.17 %

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Three Months Ended September 30, 2024

Term Extension Payment Delay Interest Rate Reduction, Term Extension and Payment Delay Interest Rate Reduction and Payment Delay Total % Total Loans by Class

Commercial, financial, agricultural $ — $ 53 $ — $ — $ 53 — %

Other — 1 — — 1 — %

Total construction and land development — 1 — — 1 — %

Real estate – 1-4 family mortgage:

Primary 23 1,620 — 206 1,849 0.08

First lien — 154 27 18 199 0.01 %

Junior lien — — — — — — %

Home equity — — 21 — 21 — %

Rental/investment 36 548 — — 584 0.15

Total real estate – 1-4 family mortgage — 154 48 18 220 — %

Real estate – commercial mortgage:

Owner-occupied 1,086 206 — — 1,292 0.07

Installment loans to individuals — — 3 — 3 —

Commercial real estate - owner occupied 66 86 — 152 — %

Commercial real estate - non-owner occupied

Multi family — — — — — %

Other 82 12,159 116 12,357 0.25 %

Total commercial real estate - non-owner occupied 82 — 12,159 116 12,357 0.20 %

Consumer — — 6 27 33 0.03 %

Loans, net of unearned income $ 148 $ 207 $ 12,335 $ 998 $ 13,688 0.07 %

Nine Months Ended September 30, 2024

Commercial, financial, agricultural $ 1,097 $ 69 $ 53 $ — $ — $ 125 — $ 1,344 0.07 %

Three Months Ended March 31, 2025

Term Extension Interest Rate Reduction, Term Extension and Payment Delay Total % Total Loans by Class

Commercial and industrial $ — $ — $ — — %

Construction and land development

Residential — — — — %

Other — — — — %

Total construction and land development — — — — %

Real estate – 1-4 family mortgage:

Primary — 56 1,806 442 — — 206 2,510 0.10

First lien — — — — %

Junior lien — — — — %

Home equity — — — — %

Rental/investment — 36 548 — — — — 584 0.15

Total real estate – 1-4 family mortgage — — — — %

Real estate – commercial mortgage:

Owner-occupied 6,946 1,266 206 — 255 — — 8,673 0.47

Non-owner occupied — 2,431 83 — — — — 2,514 0.06

Total real estate – commercial mortgage 6,946 3,697 289 — 255 — — 11,187 0.19

Installment loans to individuals — — 13 — — 3 — 16 0.02

Commercial real estate - owner occupied — — — %

Commercial real estate - non-owner occupied

Multi family — — — — %

Other 2,161 — 2,161 0.07 %

Total commercial real estate - non-owner occupied 2,161 — 2,161 0.03 %

Consumer — 2 2 — %

Loans, net of unearned income $ 2,161 $ 2 $ 2,163 0.02 %

The following tables present the weighted average financial effect of loan modifications by class of financing receivable for the periods presented.

Renasant Corporation and Subsidiaries

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Three months ended September 30, 2025

Loan Type Financial Effect

Interest Rate Reduction

Real Estate - Commercial Mortgage - Owner Occupied Reduced the interest rate 485 basis points

Term Extension

Commercial, financial, agricultural Extended the term 12 months

Real estate – 1-4 family mortgage - Home Equity Extended the term 56 months

Real Estate - Commercial Mortgage - Land Development Extended the term 60 months

Payment Delay

Real estate – 1-4 family mortgage - Primary Delayed the payment 16 months

Real estate – 1-4 family mortgage - Home Equity Delayed the payment 51 months

Combination - Term Extension and Payment Delay

Commercial, financial, agricultural Extended the term and delayed the payment 22 months

Real estate – 1-4 family mortgage - Primary Extended the term and delayed the payment 19 months

Installment loans to individuals Extended the term and delayed the payment 43 months

Combination - Interest Rate Reduction and Term Extension

Real Estate - Commercial Mortgage - Owner Occupied Reduced the interest rate 45 basis points and extended the term 80 months

Real Estate - Commercial Mortgage - Non-owner Occupied Reduced the interest rate 45 basis points and extended the term 81 months

Nine months ended September 30, 2025

Three months ended March 31, 2026

Loan Type Financial Effect

Interest Rate Reduction

Real Estate - Commercial Mortgage - Owner Occupied Reduced the interest rate 485 basis points

Commercial real estate - owner occupied Reduced the interest rate 105 basis points

Commercial real estate - non-owner occupied - Other Reduced the interest rate 125 basis points

Term Extension

Commercial, financial, agricultural Extended the term 12 months

Real estate – 1-4 family mortgage - Home Equity Extended the term 56 months

Real Estate - Commercial Mortgage - Non-owner Occupied Extended the term 12 months

Real Estate - Commercial Mortgage - Land Development Extended the term 60 months

Installment loans to individuals Extended the term 124 months

Commercial and industrial Extended the term 7 months

Construction and land development - Other Extended the term 12 months

Real estate – 1-4 family mortgage - First lien Extended the term 34 months

Payment Delay

Real estate – 1-4 family mortgage - Primary Delayed the payment 16 months

Commercial and industrial Delayed the payment 13 months

Real estate – 1-4 family mortgage - First lien Delayed the payment 15 months

Real estate – 1-4 family mortgage - Home equity Delayed the payment 121 months

Installment loans to individuals Delayed the payment 23 months

Commercial real estate - owner occupied Delayed the payment 7 months

Commercial real estate - non-owner occupied - Other Delayed the payment 10 months

Consumer Delayed the payment 24 months

Combination - Term Extension and Payment Delay

Commercial, financial, agricultural Extended the term and delayed the payment 22 months

Real estate – Construction - Residential Extended the term and delayed the payment 35 months

Real estate – 1-4 family mortgage - Primary Extended the term and delayed the payment 19 months

Installment loans to individuals Extended the term and delayed the payment 45 months

Combination - Interest Rate Reduction and Term Extension

Real Estate - Commercial Mortgage - Owner Occupied Reduced the interest rate 45 basis points and extended the term 80 months

Real Estate - Commercial Mortgage - Non-owner Occupied Reduced the interest rate 45 basis points and extended the term 81 months

Combination - Interest Rate Reduction, Term Extension and Payment Delay

Installment loans to individuals Reduced the interest rate 425 basis points and extended the term and delayed the payment 49 months

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Three months ended September 30, 2024

Loan Type Financial Effect

Term Extension

Real estate – 1-4 family mortgage - Primary Extended the term 90 months

Real estate – 1-4 family mortgage - Home Equity Extended the term 16 months

Real estate – 1-4 family mortgage - Rental/investment Extended the term 6 months

Real Estate - Commercial Mortgage - Owner Occupied Extended the term 8 months

Payment Delay

Commercial, financial, agricultural Delayed the payment 8 months

Real estate – 1-4 family mortgage - Primary Delayed the payment 19 months

Real estate – 1-4 family mortgage - Rental/investment Delayed the payment 131 months

Real Estate - Commercial Mortgage - Owner Occupied Delayed the payment 40 months

Combination - Interest Rate Reduction and Payment Delay

Real estate – 1-4 family mortgage - Primary Reduced the interest rate 25 basis points and extended the term 51 months

Combination - Interest Rate Reduction, Term Extension and Payment Delay

Installment loans to individuals Reduced the interest rate 460 basis points and extended the term and delayed the payment 54 months

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Nine months ended September 30, 2024

Commercial and industrial Extended the term and delayed the payment 12 months

Real estate – 1-4 family mortgage - First lien Extended the term and delayed the payment 21 months

Commercial real estate - non-owner occupied - Other Extended the term and delayed the payment 8 months

Consumer Extended the term and delayed the payment 39 months

Three months ended March 31, 2025

Loan Type Financial Effect

Interest Rate Reduction

Commercial, financial, agricultural Reduced the interest rate 39 basis points

Real Estate - Commercial Mortgage - Owner Occupied Reduced the interest rate 47 basis points

Term Extension

Commercial, financial, agricultural Extended the term 8 months

Real estate – 1-4 family mortgage - Primary Extended the term 51 months

Real estate – 1-4 family mortgage - Home Equity Extended the term 16 months

Real estate – 1-4 family mortgage - Rental/investment Extended the term 6 months

Real Estate - Commercial Mortgage - Owner Occupied Extended the term 8 months

Real Estate - Commercial Mortgage - Non-owner Occupied Extended the term 8 months

Payment Delay

Commercial, financial, agricultural Delayed the payment 8 months

Real estate – 1-4 family mortgage - Primary Delayed the payment 22 months

Real estate – 1-4 family mortgage - Rental/investment Delayed the payment 131 months

Real Estate - Commercial Mortgage - Owner Occupied Delayed the payment 40 months

Real Estate - Commercial Mortgage - Non-owner Occupied Delayed the payment 9 months

Installment loans to individuals Delayed the payment 17 months

Combination - Term Extension and Payment Delay

Real estate – 1-4 family mortgage - Primary Extended the term and delayed the payment 42 months

Combination - Interest Rate Reduction and Term Extension

Real Estate - Commercial Mortgage - Owner Occupied Reduced the interest rate 275 basis points and extended the term 21 months

Combination - Interest Rate Reduction and Payment Delay

Real estate – 1-4 family mortgage - Primary Reduced the interest rate 25 basis points and delayed the payment 51 months

Commercial real estate - non-owner occupied - Other Extended the term 12 months

Combination - Interest Rate Reduction, Term Extension and Payment Delay

Commercial, financial, agricultural Reduced the interest rate 181 basis points and extended the term and delayed the payment 59 months

Installment loans to individuals Reduced the interest rate 460 basis points and extended the term and delayed the payment 54 months

Consumer Reduced the interest rate 425 basis points and extended the term and delayed the payment 49 months

Unused commitments relating to modified loans totaled $ 24 at March 31, 2026.

There were no unused commitments relating to modified loans at March 31, 2025.

There were no loan modifications in the three months ended March 31, 2026 and 2025 for which the accrual or past due status deteriorated since the quarter of modification.

Loans Pledged

The Federal Home Loan Bank (“FHLB”) of Dallas maintains a blanket lien on the Company’s loan portfolio to be pledged as collateral for various FHLB products.

In addition, the Company pledged $ 706,245 and $ 681,719 of its non-real estate loan portfolio to the Federal Reserve as collateral at the Discount Window at March 31, 2026 and December 31, 2025, respectively.

Credit Quality

For commercial and commercial real estate loans, internal risk-rating grades are assigned by lending, credit administration and loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan.

Management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the portfolio balances of commercial and commercial real estate secured loans.

Loan grades range between 10 and 95 , with 10 being loans with the least credit risk.

Loans within the “Pass” grade (those with a risk rating between 10 and 69 ) generally have a lower risk of loss and therefore a lower risk factor applied to the loan balances.

The “Special Mention” grade (those with a risk rating between 70 and 79 ) represents a loan where a significant adverse risk-modifying action is anticipated in the near term that, if left uncorrected, could result in deterioration of the credit quality of the loan.

Loans that migrate toward the “Classified” grade generally have a higher risk of loss and therefore a higher risk factor applied to those related loan balances.

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The following tables present the Company’s loan portfolio by year of origination or renewal and internal risk-rating grades as of the dates presented:

Term Loans Amortized Cost Basis by Origination Year

2026 2025 2024 2023 2022 Prior Revolving Loans Revolving Loans Converted to Term Total

September 30, 2025

Commercial, Financial, Agricultural $ 453,028 $ 292,323 $ 213,414 $ 242,191 $ 141,528 $ 121,173 $ 1,263,029 $ 3,592 $ 2,730,278

Pass 451,970 285,390 192,780 235,332 139,257 115,489 1,206,897 367 2,627,482

Special Mention 206 2,767 16,032 586 453 3,613 18,562 — 42,219

Classified 852 4,166 4,602 6,273 1,818 2,071 37,570 3,225 60,577

Lease Financing Receivables $ 9,572 $ 8,112 $ 13,660 $ 30,939 $ 6,709 $ 5,187 $ — $ — $ 74,179

March 31, 2026

Commercial and industrial $ 144,024 $ 621,402 $ 263,587 $ 171,598 $ 240,658 $ 216,053 $ 1,195,723 $ 24,285 $ 2,877,330

Pass 142,877 589,459 259,519 167,325 234,281 210,533 1,127,502 21,152 2,752,648

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Special mention 1,087 15,075 2,262 742 100 1,962 33,734 24 54,986

Classified 60 16,868 1,806 3,531 6,277 3,558 34,487 3,109 69,696

Real Estate - Construction $ 408,714 $ 419,441 $ 322,877 $ 225,680 $ 8,252 $ 98 $ 31,284 $ 1,145 $ 1,417,491

Current period gross charge-offs — 19 41 342 223 181 — 264 1,070

Construction and land development $ 205,209 $ 894,698 $ 342,153 $ 159,867 $ 63,496 $ 27,711 $ 64,403 $ 1,505 $ 1,759,042

Residential 80,517 185,835 24,186 23,105 — — 8,607 — 322,250

2 unchanged sentences

Classified — 1,991 — — — — — — 1,991

Commercial 199,532 347,261 316,888 225,439 8,252 98 24,224 1,145 1,122,839

Current period gross charge-offs — — — — — — — — —

Other $ 124,692 $ 708,863 $ 317,967 $ 136,762 $ 63,496 $ 27,711 $ 55,796 $ 1,505 $ 1,436,792

Pass 117,306 708,481 313,327 129,071 60,398 27,582 55,553 1,505 1,413,223

1 unchanged sentence

Classified 6,835 2 567 6,988 3,098 19 — — 17,509

Current period gross charge-offs — — — — — — — — —

Real Estate - 1-4 Family Mortgage $ 56,452 $ 261,888 $ 138,930 $ 127,971 $ 180,656 $ 167,337 $ 107,710 $ 509 $ 1,041,453

Primary 22,085 18,104 9,154 15,152 12,632 12,130 524 82 89,863

Pass 21,754 14,797 8,510 14,514 11,629 10,912 524 82 82,722

Special Mention — 199 — 209 449 46 — — 903

Classified 331 3,108 644 429 554 1,172 — — 6,238

Home Equity 3,015 814 883 775 758 265 102,888 320 109,718

First lien 53,896 246,052 130,996 120,740 176,571 163,242 3,605 — 895,102

Pass 53,793 244,663 128,252 118,340 173,586 158,931 3,605 — 881,170

1 unchanged sentence

Classified 8 1,183 2,279 2,052 2,773 3,744 — — 12,039

Rental/Investment 187,220 142,595 127,516 183,646 105,543 74,139 2,240 — 822,899

Current period gross charge-offs — — — 44 — — — — 44

Junior lien $ 2,555 $ 14,445 $ 7,138 $ 6,366 $ 3,746 $ 3,109 $ 428 $ — $ 37,787

Pass 2,545 13,875 6,712 5,782 3,629 2,386 428 — 35,357

1 unchanged sentence

Classified — 58 219 584 117 723 — — 1,701

Land Development 77,007 83,285 29,458 16,199 2,198 1,261 4,225 — 213,633

Current period gross charge-offs — 19 — — — — — — 19

Home equity $ 1 $ 1,391 $ 796 $ 865 $ 339 $ 986 $ 103,677 $ 509 $ 108,564

Pass 1 1,391 796 865 266 986 102,689 269 107,263

1 unchanged sentence

Classified — — — — 73 — 988 240 1,301

Real Estate - Commercial Mortgage $ 1,698,474 $ 1,414,243 $ 1,022,192 $ 2,455,287 $ 1,317,543 $ 1,385,472 $ 358,688 $ 2,077 $ 9,653,976

Owner-Occupied 377,668 577,015 444,953 589,572 483,072 623,280 225,473 — 3,321,033

Current period gross charge-offs — — — — — — — — —

Commercial real estate - owner occupied $ 136,133 $ 541,997 $ 591,215 $ 435,877 $ 512,962 $ 931,102 $ 208,484 $ 195 $ 3,357,965

Pass 130,417 537,710 572,459 421,563 493,726 886,302 207,061 — 3,249,238

1 unchanged sentence

Classified 85 277 12,098 10,363 6,949 27,242 1,367 195 58,576

Non-Owner Occupied 1,256,303 784,652 558,455 1,840,634 813,648 752,286 112,622 2,077 6,120,677

Current period gross charge-offs 301 — 153 290 392 — — — 1,136

Commercial real estate - non owner occupied $ 235,122 $ 1,662,878 $ 741,602 $ 626,111 $ 1,584,214 $ 1,187,054 $ 96,538 $ 2,024 $ 6,135,543

Multi family 37,626 379,105 54,071 136,853 468,519 198,472 4,000 — 1,278,646

Pass 37,516 378,332 51,173 136,364 468,519 197,702 4,000 — 1,273,606

1 unchanged sentence

Classified — 773 9 489 — 770 — — 2,041

Land Development 64,503 52,576 18,784 25,081 20,823 9,906 20,593 — 212,266

Renasant Corporation and Subsidiaries

Current period gross charge-offs — — — — — — — — —

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Term Loans Amortized Cost Basis by Origination Year

2025 2024 2023 2022 2021 Prior Revolving Loans Revolving Loans Converted to Term Total

Other $ 197,496 $ 1,283,773 $ 687,531 $ 489,258 $ 1,115,695 $ 988,582 $ 92,538 $ 2,024 $ 4,856,897

Pass 186,775 1,267,005 681,579 485,576 1,031,365 925,362 90,979 — 4,668,641

1 unchanged sentence

Classified 8,724 15,984 2,159 1,452 47,861 49,050 1,475 2,024 128,729

Installment loans to individuals $ — $ — $ — $ — $ — $ — $ — $ — $ —

Current period gross charge-offs — — 198 — — — — — 198

Consumer $ — $ — $ — $ 103 $ — $ — $ 47 $ — $ 150

Pass — — — 103 — — 47 — 150

1 unchanged sentence

Classified — — — — — — — — —

Current period gross charge-offs — — — — — — — — —

Total loans subject to risk rating $ 776,940 $ 3,982,863 $ 2,077,487 $ 1,521,527 $ 2,581,986 $ 2,529,257 $ 1,672,905 $ 28,518 $ 15,171,483

2 unchanged sentences

Classified 15,712 37,136 19,137 25,459 67,148 85,106 38,317 5,568 293,583

Current period gross charge-offs 301 38 392 676 615 181 — 264 2,467

Term Loans Amortized Cost Basis by Origination Year

1 unchanged sentence

December 31, 2025

Commercial, Financial, Agricultural $ 292,917 $ 208,900 $ 228,690 $ 113,192 $ 66,121 $ 54,163 $ 898,772 $ 2,889 $ 1,865,644

Commercial and industrial $ 664,836 $ 267,767 $ 189,777 $ 250,976 $ 129,199 $ 102,743 $ 1,188,474 $ 24,554 $ 2,818,326

Pass 648,151 262,528 185,033 244,440 127,075 99,108 1,122,605 21,189 2,710,129

1 unchanged sentence

Classified 1,590 2,891 3,942 5,928 1,700 1,766 37,370 3,365 58,552

Lease Financing Receivables $ 12,239 $ 22,339 $ 39,738 $ 9,125 $ 3,724 $ 3,426 $ — $ — $ 90,591

Pass 12,239 17,225 34,637 8,778 2,587 3,246 — — 78,712

Watch — 1,261 3,254 173 1,137 180 — — 6,005

Classified — 3,853 1,847 174 — — — — 5,874

Real Estate - Construction $ 353,568 $ 243,827 $ 382,439 $ 18,443 $ — $ 625 $ 20,096 $ — $ 1,018,998

Current period gross charge-offs 5 1,519 3,681 4,268 5,223 3,676 1,155 — 19,527

Construction and land development $ 891,047 $ 450,335 $ 235,317 $ 92,070 $ 22,381 $ 9,220 $ 61,638 $ 1,505 $ 1,763,513

Residential 235,859 34,917 — — — — 8,288 — 279,064

2 unchanged sentences

Classified 2,033 — — — — — — — 2,033

Commercial 190,602 228,372 380,731 18,443 — — 18,850 — 836,998

Current period gross charge-offs — — 106 242 — — — — 348

Other $ 655,188 $ 415,418 $ 235,317 $ 92,070 $ 22,381 $ 9,220 $ 53,350 $ 1,505 $ 1,484,449

Pass 644,909 410,878 226,065 88,922 22,381 9,094 53,106 1,505 1,456,860

1 unchanged sentence

Classified 9,822 592 8,525 3,148 — 19 — — 22,106

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Term Loans Amortized Cost Basis by Origination Year

2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total

Current period gross charge-offs — — — — — 26 — — 26

Real Estate - 1-4 Family Mortgage $ 269,213 $ 150,538 $ 137,194 $ 191,230 $ 116,779 $ 71,816 $ 107,516 $ 462 $ 1,044,748

Primary 10,925 5,336 7,865 4,247 2,463 6,534 1,704 796 39,870

Pass 10,925 5,126 7,558 3,979 2,463 5,776 1,704 796 38,327

Special Mention — — 143 — — — — — 143

Classified — 210 164 268 — 758 — — 1,400

Home Equity 966 1,005 7 937 — 35 28,976 51 31,977

First lien 251,292 142,403 129,819 186,606 114,068 69,209 3,230 — 896,627

Pass 249,929 139,985 128,534 183,517 112,078 66,988 3,230 — 884,261

1 unchanged sentence

Classified 1,100 2,192 760 2,873 1,460 2,145 — — 10,530

Rental/Investment 96,447 83,682 108,436 59,836 31,029 18,146 4,745 303 402,624

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Current period gross charge-offs — — 34 149 64 78 — — 325

Junior lien $ 15,567 $ 7,330 $ 6,502 $ 3,854 $ 1,966 $ 2,348 $ 405 $ — $ 37,972

Pass 14,819 6,978 5,915 3,734 1,909 1,740 405 — 35,500

1 unchanged sentence

Classified 234 220 587 120 57 608 — — 1,826

Land Development 79,249 20,583 3,717 1,014 308 1,435 315 — 106,621

Current period gross charge-offs — — 11 142 — 278 — — 431

Home equity $ 2,354 $ 805 $ 873 $ 770 $ 745 $ 259 $ 103,881 $ 462 $ 110,149

Pass 2,354 805 873 267 745 259 103,497 411 109,211

1 unchanged sentence

Classified — — — 503 — — 384 51 938

Real Estate - Commercial Mortgage $ 996,574 $ 708,788 $ 1,807,169 $ 1,009,177 $ 622,818 $ 792,959 $ 251,819 $ 35,475 $ 6,224,779

Owner-Occupied 373,353 271,445 339,116 275,077 190,911 304,663 137,023 2,969 1,894,557

Current period gross charge-offs — — — — 92 93 — — 185

Commercial real estate - owner occupied $ 501,919 $ 602,513 $ 453,290 $ 541,607 $ 465,069 $ 558,280 $ 211,986 $ — $ 3,334,664

Pass 497,708 586,917 438,247 520,128 447,885 527,129 210,685 — 3,228,699

1 unchanged sentence

Classified 404 9,333 11,050 6,119 14,213 17,856 1,301 — 60,276

Non-Owner Occupied 576,021 427,715 1,447,377 724,161 428,874 484,792 105,645 32,331 4,226,916

Current period gross charge-offs — — 177 — — 1,339 4,201 — 5,717

Commercial real estate - non owner occupied $ 1,696,446 $ 753,232 $ 597,999 $ 1,748,638 $ 676,417 $ 657,353 $ 113,358 $ 2,037 $ 6,245,480

Multi family 394,699 71,999 123,963 548,165 135,587 115,521 2,845 — 1,392,779

Pass 360,750 69,068 123,477 548,165 135,587 114,726 2,845 — 1,354,618

1 unchanged sentence

Classified 887 13 486 — — 795 — — 2,181

Land Development 47,200 9,628 20,676 9,939 3,033 3,504 9,151 175 103,306

Current period gross charge-offs — — — — — — — — —

Other $ 1,301,747 $ 681,233 $ 474,036 $ 1,200,473 $ 540,830 $ 541,832 $ 110,513 $ 2,037 $ 4,852,701

Pass 1,286,217 657,184 470,862 1,118,903 525,177 482,460 108,900 — 4,649,703

1 unchanged sentence

Classified 15,530 19,308 925 43,729 6,325 51,520 1,475 2,037 140,849

Installment loans to individuals $ 5 $ — $ — $ — $ — $ — $ — $ — $ 5

Current period gross charge-offs — — — — — 160 — — 160

Consumer $ — $ — $ 2 $ — $ — $ — $ — $ — $ 2

Pass — — 2 — — — — — 2

1 unchanged sentence

Classified — — — — — — — — —

Current period gross charge-offs — — — — — — — — —

Total loans subject to risk rating $ 4,023,461 $ 2,224,385 $ 1,613,579 $ 2,824,521 $ 1,409,845 $ 1,399,412 $ 1,682,972 $ 28,558 $ 15,206,733

2 unchanged sentences

Classified 31,600 34,549 26,275 62,420 23,755 74,709 40,530 5,453 299,291

Current period gross charge-offs 5 1,519 4,009 4,801 5,379 5,650 5,356 — 26,719

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented:

Renasant Corporation and Subsidiaries

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

1 unchanged sentence

2026 2025 2024 2023 2022 Prior Revolving Loans Revolving Loans Converted to Term Total

September 30, 2025

Commercial, Financial, Agricultural $ 30,179 $ — $ 33 $ — $ — $ — $ — $ — $ 30,212

Performing Loans 30,179 — 33 — — — — — 30,212

Non-Performing Loans — — — — — — — — —

Lease Financing Receivables $ — $ — $ — $ — $ — $ — $ — $ — $ —

March 31, 2026

Commercial and industrial $ 18,146 $ — $ — $ — $ — $ — $ 1 $ — $ 18,147

Performing Loans 18,146 — — — — — 1 — 18,147

Non-Performing Loans — — — — — — — — —

Real Estate - Construction $ 38,223 $ 45,868 $ 15,004 $ 8,315 $ 1,950 $ — $ — $ 639 $ 109,999

Current period gross charge-offs — — — — — — — — —

Construction and land development $ 9,882 $ 68,487 $ 26,725 $ 14,903 $ 4,955 $ 12,966 $ 516 $ 1,153 $ 139,587

Residential 8,511 58,024 23,990 9,029 332 1,879 375 1,153 103,293

1 unchanged sentence

Non-Performing Loans — — — — — — — — —

Commercial — — — — — — — — —

Current period gross charge-offs — — — — — — — — —

Other $ 1,371 $ 10,463 $ 2,735 $ 5,874 $ 4,623 $ 11,087 $ 141 $ — $ 36,294

Performing Loans 1,371 10,463 2,735 5,844 4,323 11,087 141 — 35,964

Non-Performing Loans — — — 30 300 — — — 330

Current period gross charge-offs — — — — — 1 — — 1

Real Estate - 1-4 Family Mortgage $ 39,522 $ 327,882 $ 209,551 $ 333,161 $ 785,041 $ 1,220,647 $ 611,258 $ 15,603 $ 3,542,665

Primary 277,668 217,026 366,790 802,483 546,389 761,137 — — 2,971,493

Performing Loans 277,243 216,753 360,338 786,987 542,277 740,036 — — 2,923,634

Non-Performing Loans 425 273 6,452 15,496 4,112 21,101 — — 47,859

Home Equity — 116 467 716 219 2,694 611,716 14,140 630,068

First lien 38,929 326,385 205,390 331,129 781,563 1,214,158 29 — 2,897,583

Performing Loans 38,929 325,087 204,211 322,783 764,966 1,189,823 29 — 2,845,828

Non-Performing Loans — 1,298 1,179 8,346 16,597 24,335 — — 51,755

Rental/Investment — — 146 12,797 2,646 3,027 — — 18,616

Current period gross charge-offs — — 47 101 113 49 — — 310

Junior lien $ 593 $ 1,497 $ 4,046 $ 1,670 $ 2,771 $ 4,152 $ — $ — $ 14,729

Performing Loans 593 1,497 4,035 1,670 2,771 3,834 — — 14,400

Non-Performing Loans — — 11 — — 318 — — 329

Land Development 4,541 2,485 5,111 3,949 6,567 3,536 133 — 26,322

Current period gross charge-offs — — — — — 11 — — 11

Home equity $ — $ — $ 115 $ 362 $ 707 $ 2,337 $ 611,229 $ 15,603 $ 630,353

Performing Loans — — 115 183 707 2,233 610,987 13,261 627,486

Non-Performing Loans — — — 179 — 104 242 2,342 2,867

Real Estate - Commercial Mortgage $ 2,852 $ 1,159 $ 2,129 $ 1,708 $ 2,363 $ 888 $ — $ — $ 11,099

Owner-Occupied — — — — — 153 — — 153

Current period gross charge-offs — — — — — 21 — 120 141

Commercial real estate - owner occupied $ — $ — $ — $ — $ — $ — $ — $ — $ —

Performing Loans — — — — — — — — —

Non-Performing Loans — — — — — — — — —

Non-Owner Occupied — — — — — — — — —

Current period gross charge-offs — — — — — — — — —

Commercial real estate - non owner occupied $ — $ — $ — $ — $ — $ — $ — $ — $ —

Multi family — — — — — — — — —

Performing Loans — — — — — — — — —

Non-Performing Loans — — — — — — — — —

Land Development 2,852 1,159 2,129 1,708 2,363 735 — — 10,946

Current period gross charge-offs — — — — — — — — —

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Other $ — $ — $ — $ — $ — $ — $ — $ — $ —

Performing Loans — — — — — — — — —

Non-Performing Loans — — — — — — — — —

Installment loans to individuals $ 37,403 $ 18,982 $ 10,962 $ 7,619 $ 4,258 $ 13,027 $ 23,220 $ 204 $ 115,675

Current period gross charge-offs — — — — — — — — —

Consumer $ 14,486 $ 28,420 $ 12,362 $ 7,456 $ 5,049 $ 13,507 $ 21,959 $ 127 $ 103,366

Performing Loans 14,486 28,386 12,361 7,430 5,019 13,394 21,959 127 103,162

Non-Performing Loans — 34 1 26 30 113 — — 204

Current period gross charge-offs — 156 14 38 2 79 16 25 330

Total loans not subject to risk rating $ 82,036 $ 424,789 $ 248,638 $ 355,520 $ 795,045 $ 1,247,120 $ 633,734 $ 16,883 $ 3,803,765

1 unchanged sentence

Non-Performing Loans — 1,332 1,191 8,581 16,927 24,870 242 2,342 55,485

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Current period gross charge-offs — 156 61 139 115 161 16 145 793

Term Loans Amortized Cost Basis by Origination Year

1 unchanged sentence

December 31, 2025

Commercial, Financial, Agricultural $ — $ — $ — $ — $ — $ 20,173 $ — $ — $ 20,173

Performing Loans — — — — — 20,173 — — 20,173

Non-Performing Loans — — — — — — — — —

Lease Financing Receivables $ — $ — $ — $ — $ — $ — $ — $ — $ —

Commercial and industrial $ — $ — $ — $ — $ — $ — $ — $ — $ —

Performing Loans — — — — — — — — —

Non-Performing Loans — — — — — — — — —

Real Estate - Construction $ 37,714 $ 23,301 $ 11,210 $ 2,056 $ — $ — $ 108 $ 266 $ 74,655

Current period gross charge-offs — — — — — — — — —

Construction and land development $ 66,151 $ 33,823 $ 20,283 $ 6,156 $ 10,321 $ 3,943 $ 507 $ 939 $ 142,123

Residential 54,380 30,881 13,955 1,265 1,914 — 375 939 103,709

1 unchanged sentence

Non-Performing Loans — — — — — — — — —

Commercial — — — — — — — — —

Current period gross charge-offs — — — — — — — — —

Other $ 11,771 $ 2,942 $ 6,328 $ 4,891 $ 8,407 $ 3,943 $ 132 $ — $ 38,414

Performing Loans 11,771 2,921 6,247 4,744 8,403 3,932 132 — 38,150

Non-Performing Loans — 21 81 147 4 11 — — 264

Current period gross charge-offs — — — — — — — — —

Real Estate - 1-4 Family Mortgage $ 333,353 $ 213,474 $ 345,975 $ 805,063 $ 534,744 $ 733,503 $ 609,124 $ 15,049 $ 3,590,285

Primary 152,511 340,032 706,868 490,903 279,683 417,316 — 893 2,388,206

Performing Loans 152,207 336,019 692,470 485,325 269,503 397,394 — 893 2,333,811

Non-Performing Loans 304 4,013 14,398 5,578 10,180 19,922 — — 54,395

Home Equity 30 — — — — 195 499,157 12,799 512,181

First lien 331,496 209,270 343,867 801,481 533,558 727,798 — — 2,947,470

Performing Loans 329,942 207,890 335,040 783,952 528,690 705,399 — — 2,890,913

Non-Performing Loans 1,554 1,380 8,827 17,529 4,868 22,399 — — 56,557

Rental/Investment — — — 256 — 58 — — 314

Current period gross charge-offs — 74 28 58 — 69 — — 229

Junior lien $ 1,857 $ 4,088 $ 1,745 $ 2,868 $ 968 $ 3,445 $ — $ — $ 14,971

Performing Loans 1,857 4,081 1,689 2,868 968 3,050 — — 14,513

Non-Performing Loans — 7 56 — — 395 — — 458

Land Development 1,764 1,930 1,355 1,249 699 87 — — 7,084

Current period gross charge-offs — 53 — — — 7 — — 60

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Home equity $ — $ 116 $ 363 $ 714 $ 218 $ 2,260 $ 609,124 $ 15,049 $ 627,844

Performing Loans — 116 184 714 218 1,960 608,808 13,334 625,334

Non-Performing Loans — — 179 — — 300 316 1,715 2,510

Real Estate - Commercial Mortgage $ 2,614 $ 2,350 $ 1,902 $ 2,567 $ 1,460 $ 396 $ — $ — $ 11,289

Owner-Occupied — — — — 121 1 — — 122

Current period gross charge-offs — — — — 148 79 — — 227

Commercial real estate - owner occupied $ — $ — $ — $ — $ — $ — $ — $ — $ —

Performing Loans — — — — — — — — —

Non-Performing Loans — — — — — — — — —

Non-Owner Occupied — — — — 21 — — — 21

Current period gross charge-offs — — — — — — — — —

Commercial real estate - non owner occupied $ — $ — $ — $ — $ — $ — $ — $ — $ —

Multi family — — — — — — — — —

Performing Loans — — — — — — — — —

Non-Performing Loans — — — — — — — — —

Land Development 2,614 2,350 1,902 2,567 1,318 395 — — 11,146

Current period gross charge-offs — — — — — — — — —

Other $ — $ — $ — $ — $ — $ — $ — $ — $ —

Performing Loans — — — — — — — — —

Non-Performing Loans — — — — — — — — —

Installment loans to individuals $ 32,598 $ 11,488 $ 7,971 $ 3,815 $ 1,317 $ 17,261 $ 15,530 $ 29 $ 90,009

Current period gross charge-offs — — — — — — — — —

Consumer $ 40,081 $ 15,374 $ 9,009 $ 6,276 $ 3,636 $ 11,482 $ 21,877 $ 163 $ 107,898

Performing Loans 40,079 15,371 9,006 6,238 3,636 11,376 21,874 163 107,743

Non-Performing Loans 2 3 3 38 — 106 3 — 155

Current period gross charge-offs 53 214 159 74 50 955 19 — 1,524

Total loans not subject to risk rating $ 439,585 $ 262,671 $ 375,267 $ 817,495 $ 548,701 $ 748,928 $ 631,508 $ 16,151 $ 3,840,306

1 unchanged sentence

Non-Performing Loans 1,556 1,411 9,146 17,714 4,872 23,211 319 1,715 59,944

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The following tables disclose gross charge-offs by year of origination for the nine months ended September 30, 2025 and year ended December 31, 2024, respectively:

September 30, 2025 2025 2024 2023 2022 2021 Prior Revolving Loans Total Charge-offs

Commercial, financial, agricultural $ 5 $ 642 $ 869 $ 538 $ 4,972 $ 978 $ 470 $ 8,474

Lease financing — — 2,356 20 34 26 — 2,436

Real estate – construction:

Residential — — 107 6 — — — 113

Real estate – 1-4 family mortgage:

Primary — 106 64 188 64 418 — 840

Home equity — — — — 241 132 — 373

Rental/investment — — — — — 1 — 1

Land development — — — — — 26 — 26

Total real estate – 1-4 family mortgage — 106 64 188 305 577 — 1,240

Real estate – commercial mortgage:

Owner-occupied — — — — — 1,600 3,941 5,541

Non-owner occupied — — — — — 160 — 160

Total real estate – commercial mortgage — — — — — 1,760 3,941 5,701

Installment loans to individuals — 182 92 34 44 843 3 1,198

Loans, net of unearned income $ 5 $ 930 $ 3,488 $ 786 $ 5,355 $ 4,184 $ 4,414 $ 19,162

December 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Total Charge-offs

Commercial, financial, agricultural $ — $ 46 $ 152 $ 879 $ 4 $ 2,975 $ 407 $ 4,463

Lease financing — 336 306 — — — — 642

Real estate – construction:

Residential — — 145 — — — — 145

Real estate – 1-4 family mortgage:

Primary — 29 195 35 110 102 — 471

Home equity — — 329 — — 121 — 450

Rental/investment — — — — — 45 — 45

Total real estate – 1-4 family mortgage — 29 524 35 110 268 — 966

Real estate – commercial mortgage:

Owner-occupied — — 37 — — — — 37

Non-owner occupied — — — — — 5,693 — 5,693

Land development — — — — — 7 — 7

Total real estate – commercial mortgage — — 37 — — 5,700 — 5,737

Installment loans to individuals 36 110 69 15 3 1,623 — 1,856

Loans, net of unearned income $ 36 $ 521 $ 1,233 $ 929 $ 117 $ 10,566 $ 407 $ 13,809

Loans Pledged

The FHLB of Dallas maintains a blanket lien on the Company’s loan portfolio to be pledged as collateral for various FHLB products.

In addition, the Company also pledges a portion of its non-real estate loan portfolio to the Federal Reserve as collateral at the Discount Window.

Current period gross charge-offs 53 341 187 132 198 1,110 19 — 2,040

Note 5 – Allowance for Credit Losses

1 unchanged sentence

Allowance for Credit Losses on Loans

Renasant Corporation and Subsidiaries

As of March 31, 2026 and December 31, 2025, the Company had accrued interest receivable for loans of $ 68,886 and $ 54,395 , respectively, which is recorded in the “Other assets” line item on the Consolidated Balance Sheets.

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

The allowance for credit losses is an estimate of expected losses inherent within the Company’s loans held for investment and is maintained at a level believed adequate by management to absorb credit losses inherent in the entire loan portfolio.

Management evaluates the adequacy of the allowance for credit losses on a quarterly basis.

Expected credit loss inherent in non-cancellable off-balance-sheet credit exposures is accounted for as a separate liability in the Consolidated Balance Sheets.

The allowance for credit losses on loans held for investment, as reported in the Company’s Consolidated Balance Sheets, is adjusted by a provision for credit losses, which is reported in earnings, and reduced by net charge-offs.

Loan losses are charged against the allowance for credit losses when management believes the uncollectability of a loan balance is confirmed and such losses are reasonably quantifiable.

Subsequent recoveries, if any, are credited to the allowance.

For more information about the Company’s policies and procedures for determining the amount of the allowance for credit losses, please refer to the discussion in Note 1, “Summary of Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

The Company has made an accounting policy election to exclude accrued interest from the measurement of the allowance for credit losses in the Company’s loan portfolio.

As of September 30, 2025 and December 31, 2024, the Company had accrued interest receivable for loans of $ 72,216 and $ 54,395 , respectively, which is recorded in the “Other assets” line item on the Consolidated Balance Sheets.

The following tables provide a roll-forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology for the periods presented:

Commercial Real Estate -

Construction Real Estate -

Mortgage Real Estate -

Mortgage Lease Financing Installment

Loans to Individuals Total

Three Months Ended September 30, 2025

Allowance for credit losses:

Beginning balance $ 59,676 $ 21,784 $ 65,703 $ 135,572 $ 1,935 $ 6,100 $ 290,770

Initial impact of purchased credit deteriorated (“PCD”) loans acquired

1,890 — 505 ( 885 ) — — 1,510

Charge-offs ( 2,557 ) ( 8 ) ( 612 ) ( 1,296 ) ( 42 ) ( 539 ) ( 5,054 )

Recoveries 51 6 84 429 90 55 715

Net charge-offs ( 2,506 ) ( 2 ) ( 528 ) ( 867 ) 48 ( 484 ) ( 4,339 )

Provision for (recovery of) credit losses on loans 1,466 2,171 1,146 5,522 ( 503 ) ( 152 ) 9,650

Ending balance $ 60,526 $ 23,953 $ 66,826 $ 139,342 $ 1,480 $ 5,464 $ 297,591

Nine Months Ended September 30, 2025

The following tables provide a roll-forward of the allowance for credit losses by loan category and nonaccrual loans with no allowance for credit losses for the periods presented:

Commercial and industrial Construction and land development Real Estate -

Mortgage Commercial real estate - owner occupied Commercial real estate - non owner occupied Consumer

Three Months Ended March 31, 2026

Allowance for credit losses:

Beginning balance $ 57,831 $ 31,359 $ 61,249 $ 38,961 $ 99,605 $ 4,950 $ 293,955

Initial impact of PCD loans acquired during the period 9,030 1,997 769 13,205 — 2 25,003

Charge-offs ( 1,070 ) ( 1 ) ( 525 ) ( 1,136 ) ( 198 ) ( 330 ) ( 3,260 )

4 unchanged sentences

Nonaccruing loans with no allowance for credit losses $ 23,394 $ 5,146 $ 2,473 $ 8,805 $ 28,598 $ — $ 68,416

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Commercial Real Estate -

Construction Real Estate -

Mortgage Real Estate -

Mortgage Lease Financing Installment Loans to Individuals Total

Three Months Ended September 30, 2024

Commercial and industrial Construction and land development Real Estate -

Mortgage Commercial real estate - owner occupied Commercial real estate - non owner occupied Consumer

Three Months Ended March 31, 2025

Allowance for credit losses:

5 unchanged sentences

Ending balance $ 41,884 $ 20,845 $ 48,101 $ 17,826 $ 68,781 $ 6,494 $ 203,931

Nine Months Ended September 30, 2024

Allowance for credit losses:

Beginning balance $ 43,980 $ 18,612 $ 47,283 $ 77,020 $ 2,515 $ 9,168 $ 198,578

Charge-offs ( 882 ) — ( 546 ) ( 5,737 ) ( 642 ) ( 1,379 ) ( 9,186 )

Recoveries 1,385 — 130 116 26 1,181 2,838

Net recoveries (charge-offs) 503 — ( 416 ) ( 5,621 ) ( 616 ) ( 198 ) ( 6,348 )

Provision for (recovery of) credit losses on loans ( 1,430 ) ( 1,956 ) 352 10,688 485 9 8,148

Ending balance $ 43,053 $ 16,656 $ 47,219 $ 82,087 $ 2,384 $ 8,979 $ 200,378

Nonaccruing loans with no allowance for credit losses $ 5,134 $ 711 $ 5,384 $ 6,418 $ 3,914 $ — $ 21,561

The Company recorded a provision for credit losses on loans of $ 9,650 during the third quarter of 2025, as compared to a provision for credit losses on loans of $ 1,210 recorded in the third quarter of 2024.

The Company’s allowance for credit losses model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years .

The provision for credit losses on loans of $ 9,650 in the third quarter of 2025 was primarily driven by loan growth and changes in credit metrics that influenced the Company’s expectations of future losses, including but not limited to the balance of nonperforming loans, underlying collateral values, and historical levels of charge-offs, all considered in the context of the existing balance of the allowance for credit losses.

Allowance for Credit Losses on Unfunded Loan Commitments

The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets.

For more information about the Company’s policies and procedures for determining the amount of the allowance for credit losses on unfunded loan commitments, please refer to the discussion in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

The following table provides a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented.

Renasant Corporation and Subsidiaries

The Company recorded a provision for credit losses on loans of $ 4,224 during the first quarter of 2026, as compared to a provision for credit losses on loans of $ 2,050 recorded in the first quarter of 2025.

The increase in the allowance for credit losses in the first quarter of 2026 was primarily driven by an increase in non-performing loans, changes in the macroeconomic environment and qualitative factors.

These factors were partially moderated by the reduction in the loan portfolio.

The provision increased in select residential related pools due to the risk of potential stagflation and value declines.

The Company’s allowance for credit losses model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years , historical loss data, and environmental factors.

The allowance for credit losses under CECL is calculated utilizing the probability of default/ loss given default approach for most commercial mortgage related pools, while the average historical life-of-loan loss rate cohort approach is used for the remaining pools.

Collateral Dependent Loans

The following tables present collateral dependent loans by loan portfolio segment and by type of collateral along with the

related allowance for credit losses:

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Three Months Ended September 30, 2025 2024

Collateral Type

March 31, 2026 Real Estate Other Total ACL

Commercial and industrial $ — $ 60,487 $ 60,487 $ 11,952

Construction and land development

Residential 1,991 — 1,991 —

Other 9,046 — 9,046 1,887

Total construction and land development 11,037 — 11,037 1,887

Real estate - 1-4 family mortgage

First lien 3,074 — 3,074 134

Junior lien — — — —

Home equity 500 — 500 —

Total real estate – 1-4 family mortgage 3,574 — 3,574 134

Commercial real estate - owner occupied 20,935 — 20,935 3,689

Commercial real estate - non-owner occupied

Multi family — — — —

Other 48,118 — 48,118 6,365

Total commercial real estate - non-owner occupied 48,118 — 48,118 6,365

Consumer — — — —

Loans, net of unearned income $ 83,664 $ 60,487 $ 144,151 $ 24,027

Collateral Type

December 31, 2025 Real Estate Other Total ACL

Commercial and industrial $ — $ 46,860 $ 46,860 $ 4,502

Construction and land development

Residential 2,033 — 2,033 —

Other 10,575 — 10,575 1,887

Total construction and land development 12,608 — 12,608 1,887

Real estate - 1-4 family mortgage

First lien 3,263 — 3,263 116

Junior lien — — — —

Home equity 500 — 500 —

Total real estate – 1-4 family mortgage 3,763 — 3,763 116

Commercial real estate - owner occupied 21,165 — 21,165 3,661

Commercial real estate - non-owner occupied

Multi family — — — —

Other 48,049 — 48,049 10,999

Total commercial real estate - non-owner occupied 48,049 — 48,049 10,999

Consumer — 270 270 270

Loans, net of unearned income $ 85,585 $ 47,130 $ 132,715 $ 21,435

The increase in collateral dependent loans since December 31, 2025 is primarily due to the migration of seven relationships totaling $ 40,534 , which was offset by the resolution or credit improvement of certain relationships of approximately $ 30,862 .

Allowance for Credit Losses on Unfunded Loan Commitments

Beginning balance $ 23,565 $ 15,718

Provision for (recovery of) credit losses on unfunded loan commitments 800 ( 275 )

Ending balance $ 24,365 $ 15,443

Nine Months Ended September 30, 2025 2024

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

The following table provides a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented.

Three months ended March 31, 2026 2025

Allowance for credit losses on unfunded loan commitments:

Beginning balance $ 29,827 $ 14,943

Provision for (recovery of) credit losses on unfunded loan commitments 9,422 ( 1,475 )

Provision for credit losses on unfunded loan commitments 3,856 2,700

Ending balance $ 33,683 $ 17,643

The Company recorded a provision for credit losses on unfunded loan commitments of $ 800 during the third quarter of 2025, as compared to a recovery of credit losses on unfunded loan commitments of $ 275 recorded in the third quarter of 2024.

The $ 800 provision for credit losses on unfunded commitments in the third quarter of 2025 was primarily driven by growth in the balance of unfunded loan commitments.

Note 6 – Other Real Estate Owned

(In Thousands)

The following table provides details of the Company’s other real estate owned (“OREO”), net of valuation allowances and direct write-downs, as of the dates presented:

September 30, 2025 December 31, 2024

Residential real estate $ 5,179 $ 2,966

Commercial real estate 3,711 5,681

Residential land development 15 19

Commercial land development 1,673 7

Total $ 10,578 $ 8,673

Changes in the Company’s OREO were as follows:

Balance at January 1, 2025 $ 8,673

Acquired OREO 11,109

Transfers of loans 3,971

Impairments ( 623 )

Dispositions ( 12,552 )

Balance at September 30, 2025 $ 10,578

At September 30, 2025 and December 31, 2024, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $ 9,112 and $ 505 , respectively.

Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2025 2024 2025 2024

Repairs and maintenance $ 186 $ 62 $ 415 $ 273

Property taxes and insurance 95 24 192 76

Impairments 38 — 623 67

Net losses (gains) on OREO sales 12 ( 28 ) ( 53 ) ( 143 )

Rental income ( 3 ) ( 2 ) ( 7 ) ( 5 )

Total $ 328 $ 56 $ 1,170 $ 268

The provision for credit losses on unfunded commitments in the first quarter of 2026 was primarily driven by growth in the balance of unfunded loan commitments in the commercial and residential construction related pools.

Note 6 – Goodwill and Other Intangible Assets

(In Thousands)

The carrying amounts of goodwill by operating segments for the nine months ended September 30, 2025 and 2024 are set forth in the table below.

Community Banks Total Community Banks Insurance Total

Balance at January 1 $ 988,898 $ 988,898 $ 988,898 $ 2,767 $ 991,665

The carrying amounts of goodwill by operating segments as of March 31, 2026 and December 31, 2025 are set forth in the table below.

Community Banks Total

Balance at December 31, 2025 $ 1,405,840 $ 1,405,840

Additions to goodwill from The First merger 827 827

Sale of the insurance agency — — — ( 2,767 ) ( 2,767 )

Balance at September 30 $ 1,411,711 $ 1,411,711 $ 988,898 $ — $ 988,898

Balance at March 31, 2026 $ 1,406,667 $ 1,406,667

The following table provides a summary of finite-lived intangible assets as of the dates presented:

2 unchanged sentences

Amortization Net Carrying

September 30, 2025

March 31, 2026

Core deposit intangibles $ 242,102 $ ( 105,930 ) $ 136,172

6 unchanged sentences

Amortization expense for finite-lived intangible assets is presented in the table below.

Three Months Ended Nine Months Ended

September 30, September 30,

2025 2024 2025 2024

Three Months Ended

Amortization expense for:

2 unchanged sentences

Total intangible amortization $ 8,220 $ 1,080

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The remaining weighted average life of finite-lived intangible assets is 9.00 years at September 30, 2025.

The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2025 and the succeeding four years is summarized as follows:

Core Deposit Intangibles Customer Relationship Intangible Total

2025 $ 26,055 $ 1,048 $ 27,103

2026 30,732 860 31,592

2027 27,440 628 28,068

2028 23,337 483 23,820

2029 18,335 331 18,666

Thereafter 44,322 144 $ 44,466

Note 7 – Mortgage Servicing Rights

(In Thousands)

The Company retains the right to service certain mortgage loans that it sells to secondary market investors.

These mortgage servicing rights (“MSRs”) are recognized as a separate asset on the date the corresponding mortgage loan is sold.

MSRs are amortized in proportion to and over the period of estimated net servicing income.

These servicing rights are carried at the lower of amortized cost or fair value.

Fair value is determined using an income approach with various assumptions, including expected cash flows, prepayment speeds, market discount rates, servicing costs, and other factors, and is subject to significant fluctuation as a result of actual prepayment speeds, default rates and losses differing from estimates thereof.

For example, an increase in mortgage interest rates or a decrease in actual prepayment speeds may cause positive adjustments to the valuation of the Company’s MSRs.

MSRs are evaluated for impairment (or reversals of prior impairments) quarterly based upon the fair value of the rights as compared to the carrying amount.

Impairment is recognized through a valuation allowance in the amount that unamortized cost exceeds fair value.

If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the valuation allowance may be recorded as an increase to income.

Changes in valuation allowances related to servicing rights are reported in “Mortgage banking income” on the Consolidated Statements of Income.

There was no valuation adjustment on MSRs during the nine months ended September 30, 2025 or 2024.

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

There was no valuation adjustment on MSRs during the three months ended March 31, 2026 or 2025.

Changes in the Company’s MSRs were as follows:

Balance at January 1 $ 65,271 $ 72,991

Sale of MSRs ( 7,886 ) (19,539)

Capitalization 7,092 6,860

Additions 1,788 2,236

Amortization ( 2,209 ) ( 2,325 )

Balance at September 30 $ 65,466 $ 71,990

Balance at March 31

$ 64,850 $ 72,902

Data and key economic assumptions related to the Company’s MSRs are as follows as of the dates presented:

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

Unpaid principal balance $ 5,627,718 $ 5,648,033

8 unchanged sentences

Weighted-average remaining maturity (in years) 7.3 6.8

The Company recorded servicing fees of $ 2,841 and $ 3,594 for the three months ended September 30, 2025 and 2024, respectively, and $ 9,498 and $ 11,463 for the nine months ended September 30, 2025 and 2024, respectively, all of which are included in “Mortgage banking income” in the Consolidated Statements of Income.

The movement of mortgage interest rates has an inverse relationship with prepayment speeds and discount rates.

The Company recorded servicing fees of $ 3,289 and $ 3,656 for the three months ended March 31, 2026 and 2025, respectively, all of which are included in “Mortgage banking income” in the Consolidated Statements of Income.

Note 8 - Employee Benefit and Deferred Compensation Plans

(In Thousands, Except Share Data)

Pension and Post-retirement Medical Plans

The Company sponsors a noncontributory defined benefit pension plan, under which participation and benefit accruals ceased as of December 31, 1996, and it provides retiree medical benefits, consisting of the opportunity to purchase coverage at subsidized rates under the Company’s group medical plan.

Information related to the defined benefit pension plan maintained by Renasant Bank (“Pension Benefits”) and to the post-retirement health and life plan (“Other Benefits”) as of the dates presented is as follows:

Pension Benefits Other Benefits

Three Months Ended Three Months Ended

September 30, September 30,

2025 2024 2025 2024

Interest cost $ 237 $ 227 $ 5 $ 5

Expected return on plan assets ( 267 ) ( 249 ) — —

Recognized actuarial loss (gain) 121 129 ( 22 ) ( 23 )

Net periodic benefit cost (return) $ 91 $ 107 $ ( 17 ) $ ( 18 )

Pension Benefits Other Benefits

Nine Months Ended Nine Months Ended

September 30, September 30,

2025 2024 2025 2024

Interest cost $ 711 $ 681 $ 15 $ 16

Expected return on plan assets ( 801 ) ( 745 ) — —

Recognized actuarial loss (gain) 364 387 ( 66 ) ( 70 )

Net periodic benefit cost (return) $ 274 $ 323 $ ( 51 ) $ ( 54 )

Incentive Compensation Plans

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The Company maintains the 2020 Long-Term Incentive Compensation Plan, a long-term equity compensation plan that provides for the award of restricted stock and the grant of stock options.

The Company awards performance-based restricted stock to executives and other officers and employees and time-based restricted stock to non-employee directors, executives, and other officers and employees.

The following table summarizes the changes in restricted stock as of and for the nine months ended September 30, 2025:

In addition, The First maintained a long-term equity compensation plan, and the restricted stock awarded as of the date of the Company’s acquisition of The First was converted into adjusted restricted stock of the Company, subject to the same terms and conditions as prior to the merger.

The following table summarizes the changes in restricted stock as of and for the three months ended March 31, 2026:

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Performance-Based Restricted Stock Weighted Average Grant-Date Fair Value Time-Based Restricted Stock Weighted Average Grant-Date Fair Value

4 unchanged sentences

Nonvested at end of period 271,120 $ 34.88 1,139,609 $ 34.71

The First maintained a long-term equity compensation plan, and awards outstanding as of the date of the merger were converted into adjusted restricted stock awards in respect to Renasant common stock, subject to the same terms and conditions.

The following table summarizes the changes in converted restricted stock as of September 30, 2025:

Time-Based Restricted Stock Weighted Average Grant-Date Fair Value

Nonvested at beginning of period — $ —

Awarded (converted) 426,321 33.93

Vested ( 68,433 ) 33.93

Cancelled — —

Nonvested at end of period 357,888 $ 33.93

During the nine months ended September 30, 2025, the Company reissued 209,869 shares from treasury in connection with awards of restricted stock.

The Company recorded total stock-based compensation expense of $ 5,443 and $ 3,273 for the three months ended September 30, 2025 and 2024, respectively, and $ 13,527 and $ 10,639 for the nine months ended September 30, 2025 and 2024, respectively.

There were no stock options granted or outstanding, nor compensation expense associated with options recorded, during the nine months ended September 30, 2025 or 2024.

Unrecognized stock-based compensation expense related to restricted stock totaled $ 26,731 at March 31, 2026.

As of such date, the weighted average period over which the unrecognized expense is expected to be recognized was approximately 2.25 years.

During the three months ended March 31, 2026, the Company reissued 162,733 shares from treasury in connection with awards of restricted stock.

The Company recorded total stock-based compensation expense of $ 5,474 and $ 3,780 for the three months ended March 31, 2026 and 2025, respectively.

There were no stock options granted or outstanding, nor compensation expense associated with options recorded, during the three months ended March 31, 2026 or 2025.

Note 9 – Derivative Instruments

5 unchanged sentences

The Company manages its credit risk, or potential risk of default by its commercial customers, through credit limit approval and monitoring procedures.

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The Company enters into interest rate lock commitments with its customers to mitigate the interest rate risk associated with the commitments to fund fixed-rate and adjustable-rate residential mortgage loans.

The Company also enters into forward commitments to sell residential mortgage loans to secondary market investors.

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The following table provides a summary of the Company’s derivatives not designated as hedging instruments as of the dates presented:

Balance Sheet September 30, 2025 December 31, 2024

Balance Sheet March 31, 2026 December 31, 2025

Location Notional Amount Fair Value Notional Amount Fair Value

9 unchanged sentences

Totals $ 1,932,101 $ 23,161 $ 1,985,932 $ 29,202

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Gains and losses included in the Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows as of the dates presented:

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

Three Months Ended March 31,

Interest rate contracts:

11 unchanged sentences

The following table provides a summary of the Company’s derivatives designated as cash flow hedges as of the dates presented:

Balance Sheet September 30, 2025 December 31, 2024

Balance Sheet March 31, 2026 December 31, 2025

Location Notional Amount Fair Value Notional Amount Fair Value

3 unchanged sentences

Total $ 580,000 $ 16,986 $ 580,000 $ 17,036

Derivative liabilities:

Interest rate collars Other Liabilities $ — $ — $ 450,000 $ 598

Totals $ — $ — $ 450,000 $ 598

Changes in fair value of cash flow hedges are, to the extent that the hedging relationship is effective, recorded as other comprehensive income and are subsequently recognized in earnings at the same time that the hedged item is recognized in

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The assessment of the effectiveness of the hedging relationship is evaluated under the hypothetical derivative method.

The impact on other comprehensive income for the nine months ended September 30, 2025 and 2024 is discussed in Note 13, “Other Comprehensive Income.”

The impact on other comprehensive income for the three months ended March 31, 2026 and 2025, is described in Note 12, “Other Comprehensive Income (Loss).” The impact on earnings is reflected in interest income on loans and interest expense on borrowings in the Consolidated Statements of Income.

The impact on other comprehensive income for the three months ended March 31, 2026 and 2025 is discussed in Note 12, “Other Comprehensive Income.”

Derivatives designated as fair value hedges

Fair value hedges protect against changes in the fair value of an asset, liability, or firm commitment.

Gains and losses on the derivative instrument and the offsetting gains and losses on the hedged item are recognized in current earnings.

The Company enters into interest rate swap agreements to manage interest rate exposure on certain of the Company’s fixed-rate subordinated notes.

The agreements convert a fixed rate of interest to a variable rate of interest based on SOFR.

The Company also utilizes fair value hedges to manage interest rate exposure on certain fixed rate available-for-sale securities.

The agreements convert the fixed interest rates to variable interest rates based on SOFR.

The Company enters into interest rate swap agreements to manage the fair value exposure on certain of the Company’s fixed-rate subordinated and fixed-rate available-for-sale securities.

The agreements convert a fixed rate of interest to a variable rate of interest based on SOFR by using pay-variable, receive-fixed rate interest rate swaps.

The Company expects the hedges to remain effective during the remaining terms of the swaps which run through September 2031.

The following table provides a summary of the Company's derivatives designated as fair value hedges as of the dates presented:

Balance Sheet September 30, 2025 December 31, 2024

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Balance Sheet March 31, 2026 December 31, 2025

Location Notional Amount Fair Value Notional Amount Fair Value

Derivative assets:

Interest rate swaps - securities Other Assets $ 22,410 $ 142 $ — $ —

Totals $ 22,410 $ 142 $ — $ —

Derivative liabilities:

4 unchanged sentences

Amount of Gain (Loss) Recognized in Income

Income Statement Three Months Ended September 30, Nine Months Ended September 30,

Income Statement Three Months Ended March 31,

Location 2026 2025

7 unchanged sentences

Carrying Amount of the Hedged Item Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Item

Balance Sheet Location September 30, 2025 December 31, 2024 September 30, 2025 December 31, 2024

Balance Sheet Location March 31, 2026 December 31, 2025 March 31, 2026 December 31, 2025

Long-term debt $ 86,981 $ 86,911 $ 12,253 $ 12,280

4 unchanged sentences

Risk participations in which credit protection has been purchased entitle the Company to receive a payment from the counterparty if the customer fails to make payment on any amounts due to the Company upon early termination of the swap transaction.

The Company’s bought risk participation agreements have maturities between 2028 and 2032.

For contracts where the Company sold credit protection, it would be required to make payment to the counterparty if the customer fails to make payment on any amounts due to the counterparty

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

upon early termination of the swap transaction.

The Company’s sold risk participation agreements have maturities between 2025 and 2032.

The maximum potential amount of future payments under these risk participation agreements as of September 30, 2025 was approximately $ 2,306 .

The Company’s bought risk participation agreements have a notional amount of $ 252,165 and maturities between 2028 and 2032.

For contracts where the Company sold credit protection, it would be required to make payment to the counterparty if the customer fails to make payment on any amounts due to the counterparty upon early termination of the swap transaction.

The Company’s sold risk participation agreements have a notional amount of $ 64,584 and have maturities between 2026 and 2032.

The maximum potential amount of future payments under these risk participation agreements as of March 31, 2026 was approximately $ 937 .

This scenario occurs if variable interest rates were at zero percent and all counterparties defaulted with zero recovery.

The fair value of risk participation agreements at September 30, 2025 and 2024 was immaterial.

Certain financial instruments, including derivatives, may be eligible for offset in the consolidated balance sheet when the “right of offset” exists or when the instruments are subject to an enforceable master netting agreement, which includes the right of the non-defaulting party or non-affected party to offset recognized amounts, including collateral posted with the counterparty, to determine a net receivable or net payable upon early termination of the agreement.

The fair value of risk participation agreements at March 31, 2026 and 2025 was immaterial.

Certain financial instruments, including derivatives, may be eligible for offset in the consolidated balance sheet when the “right of setoff” exists or when the instruments are subject to an enforceable master netting agreement, which includes the right of the non-defaulting party or non-affected party to offset recognized amounts, including collateral posted with the counterparty, to

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

determine a net receivable or net payable upon early termination of the agreement.

Certain of the Company’s derivative instruments are subject to master netting agreements;

however, the Company has not elected to offset such financial instruments in the Consolidated Balance Sheets.

Initial margin and variation margin is accounted for as collateral.

When the Company posts cash for margin, it is recognized as a receivable.

When margin is posted or received in the form of securities, there is no accounting recognition for the pledge of securities, unless there is an event of default by one of the parties to the agreement.

For centrally cleared derivatives, variation margin is accounted for as settlement of the derivative fair value.

The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement as of the dates presented:

Offsetting Derivative Assets Offsetting Derivative Liabilities

September 30,

2025 December 31, 2024 September 30,

2026 December 31, 2025 March 31,

2026 December 31, 2025

7 unchanged sentences

Note 10 – Income Taxes

For the nine months ended September 30, 2025 and 2024, the effective tax rate was 21.23 % and 22.80 %, respectively.

The Company’s sale of its insurance business in the third quarter of 2024 resulted in a significant discrete tax expense during such period, which contributed to the year-over-year decrease in the Company’s effective tax rate.

The effective tax rate was 20.1 % for both the three months ended March 31, 2026 and 2025.

The Company calculated the provision for income taxes by applying the estimated annual effective tax rate to year-to-date pre-tax income, and adjusting for discrete items that occurred during the period.

8 unchanged sentences

Assets and liabilities that are required to be carried at fair value on a recurring basis include securities available for sale and derivative instruments.

The Company has elected to carry

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

mortgage loans held for sale at fair value on a recurring basis as permitted under the guidance in ASC 825, “Financial Instruments” (“ASC 825”).

The Company has elected to carry mortgage loans held for sale at fair value on a recurring basis as permitted under the guidance in ASC 825, “Financial Instruments” (“ASC 825”).

The following methods and assumptions are used by the Company to estimate the fair values of the Company’s financial assets and liabilities that are measured on a recurring basis:

3 unchanged sentences

Where quoted market prices in active markets are available, securities are classified within Level 1 of the fair value hierarchy.

If quoted prices from active markets are not available, fair values are based on quoted market prices for similar instruments traded in active markets, quoted market prices for identical or similar instruments traded in markets that are not active, or model-based valuation techniques where all significant assumptions are observable in the market.

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

quoted prices from active markets are not available, fair values are based on quoted market prices for similar instruments traded in active markets, quoted market prices for identical or similar instruments traded in markets that are not active, or model-based valuation techniques where all significant assumptions are observable in the market.

Such instruments are classified within Level 2 of the fair value hierarchy.

All Level 2 securities, including state and political subdivisions, mortgage-backed securities and other debt securities are valued using model-based valuation techniques where all significant assumptions are observable.

When assumptions used in model-based valuation techniques are not observable in the market, the assumptions used by management reflect estimates of assumptions used by other market participants in determining fair value.

13 unchanged sentences

Level 1 Level 2 Level 3 Totals

September 30, 2025

March 31, 2026

Financial assets:

6 unchanged sentences

$ — $ 35,553 $ — $ 35,553

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Level 1 Level 2 Level 3 Totals

10 unchanged sentences

Transfers between levels of the hierarchy are deemed to have occurred at the end of period.

There were no such transfers between levels of the fair value hierarchy during the nine months ended September 30, 2025.

For the nine months ended September 30, 2025 and 2024, respectively, there were no gains or losses included in earnings that were attributable to the change in unrealized gains or losses related to assets or liabilities held at the end of each respective period that were measured on a recurring basis using significant unobservable inputs.

There were no such transfers between levels of the fair value hierarchy during the three months ended March 31, 2026.

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

For the three months ended March 31, 2026 and 2025, respectively, there were no gains or losses included in earnings that were attributable to the change in unrealized gains or losses related to assets or liabilities held at the end of each respective period that were measured on a recurring basis using significant unobservable inputs.

Nonrecurring Fair Value Measurements

2 unchanged sentences

The following tables provide the fair value measurement for assets measured at fair value on a nonrecurring basis that were still held on the Consolidated Balance Sheets as of the dates presented and the level within the fair value hierarchy each is classified:

September 30, 2025 Level 1 Level 2 Level 3 Totals

March 31, 2026 Level 1 Level 2 Level 3 Totals

Collateral dependent loans $ — $ — $ 42,758 $ 42,758

7 unchanged sentences

Collateral dependent loans :

Collateral dependent loans are reviewed and evaluated for credit losses on at least a quarterly basis for additional impairment and adjusted accordingly, taking into account the fair value of the collateral less estimated selling costs.

Collateral may be real estate and/or business assets including but not limited to equipment, inventory and accounts receivable.

Loans that do not share similar risk characteristics such that they can be evaluated on a collective (pool) basis are individually evaluated for credit losses each quarter taking into account the fair value of the collateral less estimated selling costs.

Collateral may be real estate and/or business assets such as equipment, inventory and accounts receivable.

The fair value of real estate is determined based on appraisals by qualified licensed appraisers.

2 unchanged sentences

Since not all valuation inputs are observable, these nonrecurring fair value determinations are classified as Level 3.

Collateral dependent loans that were measured or re-measured at fair value had a carrying value of $ 104,716 and $ 53,157 at September 30, 2025 and December 31, 2024, respectively, and a specific reserve for these loans of $ 22,572 and $ 14,782 was included in the allowance for credit losses as of such dates.

Other real estate owned :

2 unchanged sentences

Subsequently, it may be necessary to record nonrecurring fair value adjustments for declines in fair value.

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

when recorded, is determined based on appraisals by qualified licensed appraisers and adjusted for management’s estimates of costs to sell.

Fair value, when recorded, is determined based on appraisals by qualified licensed appraisers and adjusted for management’s estimates of costs to sell.

Accordingly, values for OREO are classified as Level 3.

The following table presents, as of the dates presented, OREO measured at fair value on a nonrecurring basis that was still held on the Consolidated Balance Sheets at period-end:

September 30,

2026 December 31, 2025

6 unchanged sentences

Because these factors are not all observable and include management’s assumptions, mortgage servicing rights are classified within Level 3 of the fair value hierarchy.

Mortgage servicing rights were carried at amortized cost at September 30, 2025 and December 31, 2024.

There were no valuation adjustments on MSRs during the nine months ended September 30, 2025 or 2024.

The following table presents information as of September 30, 2025 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:

Mortgage servicing rights were carried at amortized cost at March 31, 2026 and December 31, 2025.

There were no valuation adjustments on MSRs during the three months ended March 31, 2026 or 2025.

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

The following table presents information as of March 31, 2026 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:

Financial instrument Fair

Value Valuation Technique Significant

Unobservable Inputs Range of Inputs

Unobservable Inputs Inputs

Collateral dependent loans, net of allowance for credit losses $ 42,758 Appraised value of collateral less estimated costs to sell Estimated costs to sell 10 %

3 unchanged sentences

Electing to measure these assets at fair value reduces certain timing differences and better matches the changes in fair value of the loans with changes in the fair value of derivative instruments used to economically hedge them.

A net gain of $ 4,503 and $ 1,826 resulting from fair value changes of these mortgage loans were recorded in income during the nine months ended September 30, 2025 and 2024, respectively.

A net loss of $ 2,197 and net gain of $ 2,853 resulting from fair value changes of these mortgage loans were recorded in income during the three months ended March 31, 2026 and 2025, respectively.

These amounts do not reflect changes in fair values of related derivative instruments used to economically hedge exposure to market-related risks associated with these mortgage loans.

3 unchanged sentences

Interest income on mortgage loans held for sale measured at fair value is accrued as it is earned based on contractual rates and is reflected in loan interest income on the Consolidated Statements of Income.

The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of September 30, 2025 and December 31, 2024:

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of March 31, 2026 and December 31, 2025:

Fair Value Aggregate

Balance Difference

September 30, 2025

March 31, 2026

Mortgage loans held for sale measured at fair value $ 230,980 $ 228,059 $ 2,921

3 unchanged sentences

The carrying amounts and estimated fair values of the Company’s financial instruments, including those assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows as of the dates presented:

As of September 30, 2025 Carrying

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

As of March 31, 2026 Carrying

Value Level 1 Level 2 Level 3 Total

13 unchanged sentences

Derivative instruments 35,553 — 35,553 — 35,553

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

As of December 31, 2025 Carrying

14 unchanged sentences

Derivative instruments 41,484 — 41,484 — 41,484

Renasant Corporation and Subsidiaries

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Note 13 – Other Comprehensive Income

Note 12 – Other Comprehensive Income (Loss)

(In Thousands)

Changes in the components of other comprehensive income, net of tax, were as follows for the periods presented:

Pre-Tax Tax Expense

(Benefit) Net of Tax

Three months ended September 30, 2025

Securities available for sale:

Unrealized holding gains on securities $ 15,440 $ 3,855 $ 11,585

Amortization of unrealized holding losses on securities transferred to the held to maturity category 3,005 768 2,237

Total securities available for sale 18,445 4,623 13,822

Derivative instruments:

Unrealized holding losses on derivative instruments ( 1,376 ) ( 350 ) ( 1,026 )

Total derivative instruments ( 1,376 ) ( 350 ) ( 1,026 )

Defined benefit pension and post-retirement benefit plans:

Amortization of net actuarial loss recognized in net periodic pension cost 99 24 75

Total defined benefit pension and post-retirement benefit plans 99 24 75

Total other comprehensive income $ 17,168 $ 4,297 $ 12,871

Three months ended September 30, 2024

Securities available for sale:

Unrealized holding gains on securities $ 31,313 $ 7,872 $ 23,441

Amortization of unrealized holding losses on securities transferred to the held to maturity category 3,131 800 2,331

Total securities available for sale 34,444 8,672 25,772

Derivative instruments:

Unrealized holding losses on derivative instruments ( 1,116 ) ( 288 ) ( 828 )

Total derivative instruments ( 1,116 ) ( 288 ) ( 828 )

Defined benefit pension and post-retirement benefit plans:

Amortization of net actuarial loss recognized in net periodic pension cost 106 28 78

Total defined benefit pension and post-retirement benefit plans 106 28 78

Total other comprehensive income $ 33,434 $ 8,412 $ 25,022

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Pre-Tax Tax Expense

(Benefit) Net of Tax

Nine months ended September 30, 2025

Securities available for sale:

Unrealized holding gains on securities $ 51,167 $ 12,854 $ 38,313

Amortization of unrealized holding losses on securities transferred to the held to maturity category 8,889 2,274 6,615

Total securities available for sale 60,056 15,128 44,928

Derivative instruments:

Unrealized holding losses on derivative instruments ( 4,988 ) ( 1,275 ) ( 3,713 )

Total derivative instruments ( 4,988 ) ( 1,275 ) ( 3,713 )

Defined benefit pension and post-retirement benefit plans:

Amortization of net actuarial loss recognized in net periodic pension cost 298 75 223

Total defined benefit pension and post-retirement benefit plans 298 75 223

Total other comprehensive income $ 55,366 $ 13,928 $ 41,438

Nine months ended September 30, 2024

Securities available for sale:

Unrealized holding losses on securities $ 25,769 $ 6,494 $ 19,275

Amortization of unrealized holding losses on securities transferred to the held to maturity category 9,658 2,468 7,190

Total securities available for sale 35,427 8,962 26,465

Derivative instruments:

Unrealized holding losses on derivative instruments ( 2,069 ) ( 530 ) ( 1,539 )

Total derivative instruments ( 2,069 ) ( 530 ) ( 1,539 )

Defined benefit pension and post-retirement benefit plans:

Amortization of net actuarial loss recognized in net periodic pension cost 317 81 236

Total defined benefit pension and post-retirement benefit plans 317 81 236

Total other comprehensive income $ 33,675 $ 8,513 $ 25,162

The accumulated balances for each component of other comprehensive loss, net of tax, were as follows as of the dates presented:

September 30,

2025 December 31, 2024

Unrealized losses on securities $ ( 108,006 ) $ ( 152,934 )

Unrealized gains on derivative instruments 13,716 17,429

Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations ( 6,880 ) ( 7,103 )

Total accumulated other comprehensive loss $ ( 101,170 ) $ ( 142,608 )

Renasant Corporation and Subsidiaries

Changes in the components of other comprehensive (loss) income were as follows for the periods presented:

Unrealized Holding Gains (Losses) on Available-for-Sale Securities Amortization of unrealized holding losses on securities transferred to held to maturity Unrealized Gains (Losses) on Derivative Instruments Defined Benefit Pension and

Post-retirement Benefit Plans Total

Three months ended March 31, 2026

Beginning balance $ ( 56,542 ) $ ( 40,435 ) $ 13,598 $ ( 6,353 ) $ ( 89,732 )

Other comprehensive income (loss) before reclassification ( 15,891 ) 2,625 ( 885 ) 74 ( 14,077 )

Amounts reclassified from accumulated other comprehensive income — — 841 ( 19 ) 822

Tax expense (benefit) 4,024 ( 672 ) 11 — 3,363

Net other comprehensive income (loss) ( 11,867 ) 1,953 ( 33 ) 55 ( 9,892 )

Ending balance $ ( 68,409 ) $ ( 38,482 ) $ 13,565 $ ( 6,298 ) $ ( 99,624 )

Three months ended March 31, 2025

Beginning balance $ ( 103,889 ) $ ( 49,045 ) $ 17,429 $ ( 7,103 ) $ ( 142,608 )

Other comprehensive income (loss) before reclassification 26,688 3,044 ( 2,706 ) 99 27,125

Amounts reclassified from accumulated other comprehensive income — — 929 — 929

Tax (benefit) expense ( 6,718 ) ( 779 ) 455 ( 25 ) ( 7,067 )

Net other comprehensive income (loss) 19,970 2,265 ( 1,322 ) 74 20,987

Ending balance $ ( 83,919 ) $ ( 46,780 ) $ 16,107 $ ( 7,029 ) $ ( 121,621 )

The table below presents the reclassifications from accumulated other comprehensive income, net of tax, for the periods presented:

Amount Reclassified from Other Comprehensive Income

Three Months Ended March 31,

Accumulated Other Comprehensive Income Component 2026 2025 Income Statement Line Item Affected

Gains on derivative instruments $ 841 $ 929 Interest income

Tax benefit ( 215 ) ( 237 ) Income taxes

Net of tax 626 692

Total reclassifications for the period, net of tax $ 626 $ 692

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

5 unchanged sentences

Three Months Ended

September 30,

Net income applicable to common stock $ 88,228 $ 41,518

6 unchanged sentences

Net income per common share - diluted $ 0.94 $ 0.65

Nine Months Ended

September 30,

Net income applicable to common stock $ 102,324 $ 150,711

Average common shares outstanding 84,403,694 57,934,806

Net income per common share - basic $ 1.21 $ 2.60

Net income applicable to common stock $ 102,324 $ 150,711

Average common shares outstanding 84,403,694 57,934,806

Effect of dilutive stock-based compensation 530,696 362,748

Average common shares outstanding - diluted 84,934,390 58,297,554

Net income per common share - diluted $ 1.20 $ 2.59

Stock-based compensation awards that could potentially dilute basic net income per common share in the future that were not included in the computation of diluted net income per common share due to their anti-dilutive effect were as follows for the periods presented:

Three Months Ended

September 30,

Number of shares — 500

Nine Months Ended

September 30,

Number of shares 1,794 1,000

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 15 – Regulatory Matters

(In Thousands)

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies.

Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a material effect on the Company’s financial statements.

Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices.

Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

The Federal Reserve, the FDIC and the Office of the Comptroller of the Currency have issued guidelines governing the levels of capital that bank holding companies and banks must maintain.

Those guidelines specify capital tiers, which include the following classifications:

Capital Tiers Tier 1 Capital to

Average Assets

(Leverage) Common Equity Tier 1 to

Risk - Weighted Assets Tier 1 Capital to

Risk - Weighted

Assets Total Capital to

Risk - Weighted

Well capitalized 5 % or above

6.5 % or above

10 % or above

Adequately capitalized 4 % or above

4.5 % or above

Undercapitalized Less than 4 %

Less than 4.5 %

Less than 6 %

Less than 8 %

Significantly undercapitalized Less than 3 %

Less than 3 %

Less than 4 %

Less than 6 %

Critically undercapitalized Tangible Equity / Total Assets less than 2 %

The following table provides the capital, risk-based capital and leverage ratios for the Company and for the Bank as of the dates presented:

September 30, 2025 December 31, 2024

Amount Ratio Amount Ratio

Renasant Corporation

Tier 1 Capital to Average Assets (Leverage) $ 2,364,465 9.46 % $ 1,935,522 11.34 %

Common Equity Tier 1 Capital to Risk-Weighted Assets 2,364,465 11.04 % 1,825,197 12.73 %

Tier 1 Capital to Risk-Weighted Assets 2,364,465 11.04 % 1,935,522 13.50 %

Total Capital to Risk-Weighted Assets 3,187,027 14.88 % 2,449,129 17.08 %

Renasant Bank

Tier 1 Capital to Average Assets (Leverage) $ 2,526,336 10.12 % $ 1,843,123 10.80 %

Common Equity Tier 1 Capital to Risk-Weighted Assets 2,526,336 11.80 % 1,843,123 12.85 %

Tier 1 Capital to Risk-Weighted Assets 2,526,336 11.80 % 1,843,123 12.85 %

Total Capital to Risk-Weighted Assets 2,794,398 13.05 % 2,022,737 14.10 %

Note 14 – Segment Reporting

(In Thousands)

The operations of the Company’s reportable segments are described as follows:

• The Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses including checking and savings accounts, business and personal loans, asset-based lending, factoring, equipment leasing and treasury management services, as well as safe deposit and night depository facilities.

• The Wealth Management segment, through the Trust division, offers a broad range of fiduciary services including the administration (as trustee or in other fiduciary or representative capacities) of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts.

In addition, the Wealth Management segment, through the Financial Services division, provides specialized products and services to customers, which include fixed and variable annuities, mutual funds and other

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

investment services through a third party broker-dealer.

The Financial Services division also provides administrative and compliance services for certain mutual funds.

For periods prior to the third quarter of 2024, the Company maintained an Insurance segment that included a full service insurance agency.

Effective July 1, 2024, the Bank sold substantially all of the assets of its Insurance segment.

The Company has two reportable segments:

Community Banks and Wealth Management.

The Company’s reportable segments are determined by the Chief Executive Officer, who is the designated chief operating decision maker (“CODM”), based upon information provided about the Company’s products and services.

The CODM evaluates the financial performance of the segments by evaluating revenue streams, significant expenses and budget to actual results, and provides guidance in strategy and the allocation of resources.

The CODM evaluates the financial performance of the segments by evaluating net income as the primary measure of segment performance, as well as revenue streams, significant expenses and budget to actual results, and the CODM provides guidance in strategy and the allocation of resources.

In order to give the CODM a more precise indication of the income and expenses controlled by each segment, the results of operations for each segment reflect its own direct revenues and expenses.

2 unchanged sentences

Accounting policies for each segment are the same as those described in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

The following tables provide financial information for the Company’s operating segments as of and for the periods presented:

Management Other Consolidated

Three months ended September 30, 2025

Total interest income $ 351,075 $ — $ 23 $ 351,098

Total interest expense 119,100 — 8,478 127,578

Net interest income (loss) $ 231,975 $ — $ ( 8,455 ) $ 223,520

Provision for credit losses 10,450 — — 10,450

Noninterest income (loss) 35,656 10,861 ( 491 ) 46,026

Salaries and employee benefits 94,288 4,694 — 98,982

Net occupancy and equipment 18,132 249 34 18,415

Other segment expenses (1)

62,834 3,144 455 66,433

Income (loss) before income taxes $ 81,927 $ 2,774 $ ( 9,435 ) $ 75,266

Income tax expense (benefit) 17,698 198 ( 2,418 ) 15,478

Net income (loss) $ 64,229 $ 2,576 $ ( 7,017 ) $ 59,788

Total assets $ 26,715,563 $ 7,031 $ 3,571 $ 26,726,165

Goodwill 1,411,711 — — 1,411,711

Renasant Corporation and Subsidiaries

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Management Other Consolidated

Three months ended September 30, 2024

Total interest income $ 229,028 $ 15 $ — $ 229,043

Total interest expense 91,168 — 6,877 98,045

Net interest income (loss) $ 137,860 $ 15 $ ( 6,877 ) $ 130,998

Provision for credit losses 935 — — 935

Noninterest income (loss) 83,244 6,447 ( 392 ) 89,299

Salaries and employee benefits 67,852 3,455 — 71,307

Net occupancy and equipment 11,227 188 — 11,415

Other segment expenses (1)

37,956 868 437 39,261

Income (loss) before income taxes $ 103,134 $ 1,951 $ ( 7,706 ) $ 97,379

Income tax expense (benefit) 26,867 47 ( 1,990 ) 24,924

Net income (loss) $ 76,267 $ 1,904 $ ( 5,716 ) $ 72,455

Total assets (liabilities) $ 17,959,839 $ 1,163 $ ( 2,162 ) $ 17,958,840

Goodwill 988,898 — — 988,898

Management Other Consolidated

Nine months ended September 30, 2025

The following tables provide financial information for the Company’s operating segments as of and for the periods presented:

Management Total Segments Other Consolidated

Three months ended March 31, 2026

Total interest income $ 338,087 $ 14 $ 338,101 $ 19 $ 338,120

2 unchanged sentences

Provision for credit losses 8,080 — 8,080 — 8,080

Noninterest income (loss) 106,441 25,742 ( 1,428 ) 130,755

Noninterest income 39,103 9,733 48,836 1,436 50,272

Salaries and employee benefits 85,671 4,900 90,571 1,178 91,749

7 unchanged sentences

Goodwill 1,406,667 — 1,406,667 — 1,406,667

Banks Insurance Wealth

Management Other Consolidated

Nine months ended September 30, 2024

Management Total Segments Other Consolidated

Three months ended March 31, 2025

Total interest income $ 220,291 $ 16 $ 220,307 $ 23 $ 220,330

12 unchanged sentences

Goodwill 988,898 — 988,898 — 988,898

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

(1) Other segment expenses for Community Banks include data processing, other real estate owned, legal and professional fees, advertising and public relations, intangible amortization, communications, merger and conversion related expenses and other miscellaneous expenses.

Other segment expenses for Wealth Management include data processing, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses.

(2) Other segment expenses for Community Banks include data processing, other real estate owned, legal and professional fees, advertising and public relations, intangible amortization, communications, merger and conversion related expenses and other miscellaneous expenses.

Other segment expenses for Insurance included data processing, legal and professional fees, advertising and public relations, communications and other miscellaneous expenses.

Note 15 – Subsequent Events

(In Thousands, Except Share Amounts)

Subordinated Debt Redemption

On October 1, 2025, the Company redeemed $ 60,000 in subordinated notes assumed in connection with its merger with The First.

(In Thousands)

On April 30, 2026, the Company, through a wholly-owned subsidiary, completed an acquisition of factoring receivables and related business processes.

Pursuant to the guidance in ASC 805, this acquisition will be accounted for as a business

Renasant Corporation

Notes to Consolidated Financial Statements (Unaudited)

Total assets purchased consisted of $ 59,257 of factoring receivables and $ 17,777 of intangible assets.

As of the filing of this report, the Company has not completed the fair value measurements of the assets and identifiable intangible assets acquired as part of the transaction.

On May 7, 2026, the Company completed a subordinated debt offering, issuing $ 300,000 aggregate principal amount of 6.25 % Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”).

The Notes will bear interest from and including May 7, 2026 to, but excluding, June 1, 2031, at a fixed rate of 6.25 % per annum, payable semi-annually in arrears.

From and including June 1, 2031 to but excluding June 1, 2036 (unless redeemed prior to such date), the Notes will bear interest at a floating rate equal to the Three-Month Term SOFR, plus 245 basis points, payable quarterly in arrears.

The Company may redeem the Notes, in whole or in part, on or after June 1, 2031, at a price equal to 100 % of the principal amount of the Notes being redeemed plus accrued and unpaid interest to, but excluding, the date of redemption.

The Notes are intended to qualify as Tier 2 capital for regulatory purposes.

The Company intends to use the net proceeds from the Notes offering for general corporate purposes, including the potential redemption of the $ 40,000 aggregate principal amount outstanding of the Company's 5.50 % Fixed-to-Floating Rate Subordinated Notes due September 1, 2031.

The issuance of the Notes occurred after the balance sheet date of March 31, 2026 and, accordingly, no amounts related to the Notes have been reflected in the accompanying financial statements.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements