RENASANT CORP 10-Q

Item 1. FINANCIAL STATEMENTS Renasant Corporation Consolidated Balance Sheets (In Thousands, Except Share Data) (Unaudited) March 31, 2026 December 31, 2025 Assets Cash and due from banks $ 364,746 $ 299,592 Interest-bearing balances with banks 852,234 771,126 Cash and cash equivalents 1,216,980 1,070,718 Securities held to maturity (fair value of $ 928,696 and $ 961,870 , respectively) 1,006,511 1,030,073 Securities available for sale, at fair value (amortized cost of $ 2,900,216 and $ 2,635,495 , respectively) 2,809,647 2,560,818 Loans held for sale, at fair value 230,980 265,959 Loans held for investment, net of unearned income 18,975,248 19,047,039 Allowance for credit losses on loans ( 295,862 ) ( 293,955 ) Loans, net 18,679,386 18,753,084 Premises and equipment, net 463,723 465,141 Other real estate owned, net 12,954 15,191 Goodwill 1,406,667 1,405,840 Other intangible assets, net 138,392 146,612 Bank-owned life insurance 494,874 492,541 Mortgage servicing rights, net 64,850 65,271 Other assets 582,310 480,178 Total assets $ 27,107,274 $ 26,751,426 Liabilities and shareholders’ equity Liabilities Deposits Noninterest-bearing $ 5,183,426 $ 5,043,960 Interest-bearing 16,916,058 16,429,110 Total deposits 22,099,484 21,473,070 Short-term borrowings 305,863 555,774 Long-term debt 500,342 499,756 Other liabilities 334,667 337,921 Total liabilities 23,240,356 22,866,521 Shareholders’ equity Preferred stock, $ 0.01 par value – 5,000,000 shares authorized; no shares issued and outstanding — — 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 488,612 488,612 Treasury stock, at cost – 4,841,068 and 3,086,190 shares, respectively ( 173,835 ) ( 103,494 ) Additional paid-in capital 2,388,649 2,392,997 Retained earnings 1,263,116 1,196,522 Accumulated other comprehensive loss, net of taxes ( 99,624 ) ( 89,732 ) Total shareholders’ equity 3,866,918 3,884,905 Total liabilities and shareholders’ equity $ 27,107,274 $ 26,751,426 See Notes to Consolidated Financial Statements. 1 Table of Contents Renasant Corporation Consolidated Statements of Income (Unaudited) (In Thousands, Except Per Share Data) Three Months Ended March 31, 2026 2025 Interest income Loans $ 298,273 $ 199,574 Securities Taxable 28,677 10,971 Tax-exempt 3,589 1,146 Other 7,581 8,639 Total interest income 338,120 220,330 Interest expense Deposits 103,860 79,386 Borrowings 10,701 6,747 Total interest expense 114,561 86,133 Net interest income 223,559 134,197 Provision for credit losses on loans 4,224 2,050 Provision for credit losses on unfunded commitments 3,856 2,700 Provision for credit losses 8,080 4,750 Net interest income after provision for credit losses 215,479 129,447 Noninterest income Service charges on deposit accounts 14,740 10,364 Fees and commissions 4,654 3,787 Wealth management revenue 8,678 7,067 Mortgage banking income 9,435 8,147 BOLI income 3,689 2,929 Other 9,076 4,101 Total noninterest income 50,272 36,395 Noninterest expense Salaries and employee benefits 91,749 71,957 Data processing 5,221 4,089 Net occupancy and equipment 18,031 11,754 Other real estate owned 1,399 685 Professional fees 4,402 2,884 Advertising and public relations 4,599 4,297 Intangible amortization 8,220 1,080 Communications 4,009 2,033 Merger and conversion related expenses — 791 Other 17,698 14,306 Total noninterest expense 155,328 113,876 Income before income taxes 110,423 51,966 Income taxes 22,195 10,448 Net income $ 88,228 $ 41,518 Basic earnings per share $ 0.94 $ 0.65 Diluted earnings per share $ 0.94 $ 0.65 See Notes to Consolidated Financial Statements. 2 Table of Contents Renasant Corporation Consolidated Statements of Comprehensive Income (Unaudited) (In Thousands) Three Months Ended March 31, 2026 2025 Net income $ 88,228 $ 41,518 Other comprehensive income, net of tax: Securities available for sale: 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 Total securities available for sale ( 9,914 ) 22,235 Derivative instruments: Unrealized holding losses on derivative instruments ( 659 ) ( 2,014 ) Amounts reclassified into earnings 626 692 Total derivative instruments ( 33 ) ( 1,322 ) Defined benefit pension and post-retirement benefit plans: Amortization of net actuarial loss recognized in net periodic pension cost 55 74 Total defined benefit pension and post-retirement benefit plans 55 74 Other comprehensive (loss) income, net of tax ( 9,892 ) 20,987 Comprehensive income $ 78,336 $ 62,505 See Notes to Consolidated Financial Statements. 3 Table of Contents Renasant Corporation Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) (In Thousands, Except Share Data) 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 loss — — — — — ( 9,892 ) ( 9,892 ) Comprehensive income 78,336 Cash dividends ($ 0.23 per share) — — — — ( 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 ) Stock-based compensation expense — — — 5,474 — — 5,474 Balance at March 31, 2026 92,881,329 $ 488,612 $ ( 173,835 ) $ 2,388,649 $ 1,263,116 $ ( 99,624 ) $ 3,866,918 Common Stock Treasury Stock Additional Paid-In Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Total 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 income — — — — — 20,987 20,987 Comprehensive income 62,505 Cash dividends ($ 0.22 per share) — — — — ( 14,270 ) — ( 14,270 ) Issuance of common stock for stock-based compensation awards 173,777 — 5,550 ( 8,778 ) — — ( 3,228 ) Stock-based compensation expense — — — 3,780 — — 3,780 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. 4 Table of Contents Renasant Corporation Consolidated Statements of Cash Flows (Unaudited) (In Thousands) Three Months Ended March 31, 2026 2025 Operating activities Net income $ 88,228 $ 41,518 Adjustments to reconcile net income to net cash provided by operating activities: Provision for credit losses 8,080 4,750 Depreciation, amortization and accretion 273 8,360 Deferred income tax expense 6,827 954 Funding of mortgage loans held for sale ( 342,536 ) ( 303,158 ) Proceeds from sales of mortgage loans held for sale 380,395 328,897 Gains on sales of mortgage loans held for sale ( 5,305 ) ( 4,500 ) 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 ) Net cash provided by operating activities 100,055 50,098 Investing activities Purchases of securities available for sale ( 378,991 ) ( 175,815 ) 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 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 Proceeds from surrender of bank-owned life insurance — 56,255 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 Other, net 1,356 982 Net cash used in investing activities ( 232,856 ) ( 236,001 ) Financing activities 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 ) Repurchase of shares in connection with stock repurchase program ( 75,806 ) — Net cash provided by financing activities 279,063 185,210 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 Cash and cash equivalents at end of period $ 1,216,980 $ 1,091,339 Supplemental disclosures Cash paid for interest $ 113,261 $ 85,839 Cash paid for income taxes $ 2,761 $ — Noncash transactions: Transfers of loans to other real estate owned $ 4,955 $ 1,296 Recognition of operating right-of-use assets and liabilities $ 2,053 $ 565 See Notes to Consolidated Financial Statements. 5 Table of Contents Renasant Corporation Notes to the Consolidated Financial Statements (Unaudited) Note 1 – Summary of Significant Accounting Policies (In Thousands) Nature of Operations : 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”). 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. Basis of Presentation : The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair statement of the results for the interim periods presented have been included. For further information regarding the Company’s significant accounting policies, refer to the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”). Use of Estimates : The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates, and such differences may be material. Material estimates that are particularly susceptible to change include the allowance for credit losses and the fair value of assets acquired and liabilities assumed as part of a business acquisition. Impact of Recently-Issued Accounting Standards and Pronouncements : In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (“ASU 2024-03”), which amends the disclosure requirements in the notes to financial statements of specified information about certain costs and expenses. 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 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 (Dollar Amounts In Thousands, Except Share Data) Acquisition of The First Bancshares, Inc. (“The First”) 6 Table of Contents Effective April 1, 2025, the Company completed its acquisition by merger of The First, the parent company of The First Bank, in a transaction valued at approximately $ 1,052,690 . The Company issued 30,811,851 shares of common stock and paid approximately $ 1,869 , net of tax benefit, to The First stock option holders for 100 % of the voting equity interest in The First. 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 merger. Before the merger, The First operated 116 banking locations throughout Louisiana, Mississippi, Alabama, Georgia and Florida. 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 $ 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. 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. Short-term borrowings consisted of $ 298,250 in short-term advances from the Federal Home Loan Bank. Long-term debt consisted of $ 95,262 and $ 25,653 in subordinated notes and junior subordinated debentures, respectively. The following table summarizes the calculation of the purchase price in connection with the Company’s merger with The First. Purchase Price: Shares issued to common shareholders, excluding unvested restricted stock awards 30,811,851 Purchase price per share $ 33.93 Value of stock paid $ 1,045,446 Fair value of converted unvested restricted stock awards for pre-combination service 5,375 Cash settlement for stock options, net of tax benefit 1,869 Total purchase price $ 1,052,690 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. 7 Table of Contents 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 Securities 1,457,377 — 1,457,377 Loans, including loans held for sale 5,173,334 — 5,173,334 Premises and equipment 181,754 ( 2,125 ) 179,629 Bank-owned life insurance 146,601 — 146,601 Other real estate owned 11,032 — 11,032 Core deposit intangible 165,476 — 165,476 Other assets 173,885 1,742 175,627 Total assets $ 7,572,811 $ ( 383 ) $ 7,572,428 Deposits $ 6,449,393 $ — 6,449,393 Borrowings 419,165 — 419,165 Other liabilities 69,759 444 70,203 Total liabilities $ 6,938,317 $ 444 $ 6,938,761 Net identifiable assets acquired over liabilities assumed $ 634,494 $ ( 827 ) $ 633,667 Goodwill (1) 418,196 827 419,023 Net assets acquired over liabilities assumed $ 1,052,690 $ — $ 1,052,690 (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 on April 1, 2025: April 1, 2025 Purchased Credit-Deteriorated (“PCD”) loans: Par value $ 168,511 Allowance for credit losses at acquisition ( 25,003 ) Non-credit discount ( 4,021 ) Purchase price $ 139,487 Non-PCD loans: Fair value $ 5,032,996 Gross contractual amounts receivable 5,233,447 Estimate of contractual cash flows not expected to be collected 62,190 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. 8 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) Note 3 – Securities (In Thousands, Except Number of Securities) 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 March 31, 2026 or December 31, 2025. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2026 Obligations of states and political subdivisions $ 272,729 $ 5,493 $ ( 3,580 ) $ 274,642 Residential mortgage-backed securities: 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: 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 $ 2,900,216 $ 15,535 $ ( 106,104 ) $ 2,809,647 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2025 Obligations of states and political subdivisions $ 266,553 $ 8,012 $ ( 1,780 ) $ 272,785 Residential mortgage-backed securities: 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: 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 9 Table of Contents 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: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2026 Obligations of states and political subdivisions $ 278,510 $ 9 $ ( 31,584 ) $ 246,935 Residential mortgage-backed securities: Agency mortgage-backed securities 313,373 — ( 12,441 ) 300,932 Collateralized mortgage obligations 312,961 — ( 23,348 ) 289,613 Commercial mortgage-backed securities: 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 $ 1,006,543 $ 9 $ ( 77,856 ) $ 928,696 Allowance for credit losses - held to maturity securities ( 32 ) Held-to-maturity securities, net of allowance for credit losses $ 1,006,511 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2025 Obligations of states and political subdivisions $ 279,424 $ 29 $ ( 29,516 ) $ 249,937 Residential mortgage-backed securities: Agency mortgage-backed securities 323,993 — ( 10,030 ) 313,963 Collateralized mortgage obligations 320,258 — ( 18,600 ) 301,658 Commercial mortgage-backed securities: 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 $ 1,030,105 $ 29 $ ( 68,264 ) $ 961,870 Allowance for credit losses - held to maturity securities ( 32 ) Held-to-maturity securities, net of allowance for credit losses $ 1,030,073 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 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. 10 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) Held to Maturity Available for Sale Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ 230 $ 230 $ 7,235 $ 7,247 Due after one year through five years 12,007 11,528 73,896 74,540 Due after five years through ten years 186,144 166,048 123,963 123,220 Due after ten years 80,129 69,129 117,477 119,256 Residential mortgage-backed securities: 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: 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 11 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) The following tables present the age of gross unrealized losses and fair value by investment category for which an allowance for credit losses has not been recorded as of the dates presented: Less than 12 Months 12 Months or More Total # Fair Value Unrealized Losses # Fair Value Unrealized Losses # Fair Value Unrealized Losses Available for Sale: 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: 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: 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 ) Total 105 $ 848,160 $ ( 5,252 ) 124 $ 672,154 $ ( 100,852 ) 229 $ 1,520,314 $ ( 106,104 ) December 31, 2025 Obligations of states and political subdivisions 13 $ 19,454 $ ( 445 ) 7 $ 13,591 $ ( 1,335 ) 20 $ 33,045 $ ( 1,780 ) Residential mortgage-backed securities: 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: 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 ) 12 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) Less than 12 Months 12 Months or More Total # Fair Value Unrealized Losses # Fair Value Unrealized Losses # Fair Value Unrealized Losses Held to Maturity: 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: 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: 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 ) Total 11 $ 61,411 $ ( 2,024 ) 217 $ 865,399 $ ( 75,832 ) 228 $ 926,810 $ ( 77,856 ) December 31, 2025 Obligations of states and political subdivisions — $ — $ — 124 $ 248,044 $ ( 29,516 ) 124 $ 248,044 $ ( 29,516 ) Residential mortgage-backed securities: 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: 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 ) Total — $ — $ — 228 $ 959,977 $ ( 68,264 ) 228 $ 959,977 $ ( 68,264 ) The Company evaluates its available for sale investment securities in an unrealized loss position on a quarterly basis. If the Company intends to sell the security or it is more likely than not that it will be required to sell before recovery, the entire unrealized loss is recorded as a loss within noninterest income in the Consolidated Statements of Income along with a corresponding adjustment to the amortized cost basis of the security. If the Company does not intend to sell the security and it is not more likely than not that it will be required to sell the security before recovery of its amortized cost basis, the Company evaluates if any of the unrealized loss is related to a potential credit loss. The amount related to credit loss, if any, is recognized in earnings as a provision for credit loss and a corresponding allowance for credit losses is established; each is calculated as the difference between the estimate of the discounted future contractual cash flows and the amortized cost basis of the security. 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 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. government sponsored enterprise that has perceived credit risk the same as the U.S. government. 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 13 Table of Contents 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 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 March 31, 2026, all of the debt securities held to maturity were rated A or higher by the ratings agencies. Note 4 – Loans (In Thousands, Except Number of Loans) For purposes of this Note 4, all references to “loans” mean loans excluding loans held for sale. The following is a summary of loans and leases as of the dates presented: March 31, 2026 December 31, 2025 Commercial and industrial $ 2,895,477 $ 2,818,326 Construction and land development Residential 425,543 382,773 Other 1,473,086 1,522,863 Total construction and land development 1,898,629 1,905,636 Real estate – 1-4 family mortgage: First lien 3,792,685 3,844,097 Junior lien 52,516 52,943 Home equity 738,917 737,993 Total real estate – 1-4 family mortgage 4,584,118 4,635,033 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 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: 14 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) Accruing Loans 30-89 Days Past Due 90 Days or More Past Due Current Loans Total Loans Nonaccruing Loans Total Loans 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 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: 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 Total real estate – 1-4 family mortgage 53,143 341 4,469,663 4,523,147 60,971 4,584,118 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 Accruing Loans 30-89 Days Past Due 90 Days or More Past Due Current Loans Total Loans Nonaccruing Loans Total Loans December 31, 2025 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 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: 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 Total real estate – 1-4 family mortgage 60,264 7 4,509,338 4,569,609 65,424 4,635,033 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 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 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. 15 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) 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 — — — — — — % Other — 1 — — 1 — % Total construction and land development — 1 — — 1 — % Real estate – 1-4 family mortgage: First lien — 154 27 18 199 0.01 % Junior lien — — — — — — % Home equity — — 21 — 21 — % Total real estate – 1-4 family mortgage — 154 48 18 220 — % 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 % 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: First lien — — — — % Junior lien — — — — % Home equity — — — — % Total real estate – 1-4 family mortgage — — — — % 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. 16 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) Three months ended March 31, 2026 Loan Type Financial Effect Interest Rate Reduction 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 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 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 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 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 Term Extension Commercial real estate - non-owner occupied - Other Extended the term 12 months Combination - Interest Rate Reduction, Term Extension and Payment Delay 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 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 Loans 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 17 Table of Contents 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 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 Pass 80,517 183,844 24,186 23,105 — — 8,607 — 320,259 Special mention — — — — — — — — — Classified — 1,991 — — — — — — 1,991 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 Special mention 551 380 4,073 703 — 110 243 — 6,060 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 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 Special mention 95 206 465 348 212 567 — — 1,893 Classified 8 1,183 2,279 2,052 2,773 3,744 — — 12,039 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 Special mention 10 512 207 — — — — — 729 Classified — 58 219 584 117 723 — — 1,701 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 Special mention — — — — — — — — — Classified — — — — 73 — 988 240 1,301 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 Special mention 5,631 4,010 6,658 3,951 12,287 17,558 56 — 50,151 Classified 85 277 12,098 10,363 6,949 27,242 1,367 195 58,576 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 Special mention 110 — 2,889 — — — — — 2,999 Classified — 773 9 489 — 770 — — 2,041 Current period gross charge-offs — — — — — — — — — 18 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) 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 Special mention 1,997 784 3,793 2,230 36,469 14,170 84 — 59,527 Classified 8,724 15,984 2,159 1,452 47,861 49,050 1,475 2,024 128,729 Current period gross charge-offs — — 198 — — — — — 198 Consumer $ — $ — $ — $ 103 $ — $ — $ 47 $ — $ 150 Pass — — — 103 — — 47 — 150 Special mention — — — — — — — — — 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 Pass 751,747 3,924,760 2,038,003 1,488,094 2,465,770 2,409,784 1,600,471 22,926 14,701,555 Special mention 9,481 20,967 20,347 7,974 49,068 34,367 34,117 24 176,345 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 2025 2024 2023 2022 2021 Prior Revolving Loans Revolving Loans Converted to Term Total Loans December 31, 2025 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 Special mention 15,095 2,348 802 608 424 1,869 28,499 — 49,645 Classified 1,590 2,891 3,942 5,928 1,700 1,766 37,370 3,365 58,552 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 Pass 233,826 34,917 — — — — 8,288 — 277,031 Special mention — — — — — — — — — Classified 2,033 — — — — — — — 2,033 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 Special mention 457 3,948 727 — — 107 244 — 5,483 Classified 9,822 592 8,525 3,148 — 19 — — 22,106 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 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 Special mention 263 226 525 216 530 76 — — 1,836 Classified 1,100 2,192 760 2,873 1,460 2,145 — — 10,530 19 Table of Contents 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 Special mention 514 132 — — — — — — 646 Classified 234 220 587 120 57 608 — — 1,826 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 Special mention — — — — — — — — — Classified — — — 503 — — 384 51 938 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 Special mention 3,807 6,263 3,993 15,360 2,971 13,295 — — 45,689 Classified 404 9,333 11,050 6,119 14,213 17,856 1,301 — 60,276 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 Special mention 33,062 2,918 — — — — — — 35,980 Classified 887 13 486 — — 795 — — 2,181 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 Special mention — 4,741 2,249 37,841 9,328 7,852 138 — 62,149 Classified 15,530 19,308 925 43,729 6,325 51,520 1,475 2,037 140,849 Current period gross charge-offs — — — — — 160 — — 160 Consumer $ — $ — $ 2 $ — $ — $ — $ — $ — $ 2 Pass — — 2 — — — — — 2 Special mention — — — — — — — — — 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 Pass 3,938,663 2,169,260 1,579,008 2,708,076 1,372,837 1,301,504 1,613,561 23,105 14,706,014 Special mention 53,198 20,576 8,296 54,025 13,253 23,199 28,881 — 201,428 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: 20 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) Term Loans Amortized Cost Basis by Origination Year 2026 2025 2024 2023 2022 Prior Revolving Loans Revolving Loans Converted to Term Total Loans March 31, 2026 Commercial and industrial $ 18,146 $ — $ — $ — $ — $ — $ 1 $ — $ 18,147 Performing Loans 18,146 — — — — — 1 — 18,147 Non-Performing Loans — — — — — — — — — 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 Performing Loans 8,511 58,024 23,990 9,029 332 1,879 375 1,153 103,293 Non-Performing Loans — — — — — — — — — 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 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 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 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 Current period gross charge-offs — — — — — 21 — 120 141 Commercial real estate - owner occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Current period gross charge-offs — — — — — — — — — Commercial real estate - non owner occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Multi family — — — — — — — — — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Current period gross charge-offs — — — — — — — — — 21 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) Other $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — 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 Performing Loans 82,036 423,457 247,447 346,939 778,118 1,222,250 633,492 14,541 3,748,280 Non-Performing Loans — 1,332 1,191 8,581 16,927 24,870 242 2,342 55,485 Current period gross charge-offs — 156 61 139 115 161 16 145 793 Term Loans Amortized Cost Basis by Origination Year 2025 2024 2023 2022 2021 Prior Revolving Loans Revolving Loans Converted to Term Total Loans December 31, 2025 Commercial and industrial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — 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 Performing Loans 54,380 30,881 13,955 1,265 1,914 — 375 939 103,709 Non-Performing Loans — — — — — — — — — 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 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 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 Current period gross charge-offs — 53 — — — 7 — — 60 22 Table of Contents 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 Current period gross charge-offs — — — — 148 79 — — 227 Commercial real estate - owner occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Current period gross charge-offs — — — — — — — — — Commercial real estate - non owner occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Multi family — — — — — — — — — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Current period gross charge-offs — — — — — — — — — Other $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — 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 Performing Loans 438,029 261,260 366,121 799,781 543,829 725,717 631,189 14,436 3,780,362 Non-Performing Loans 1,556 1,411 9,146 17,714 4,872 23,211 319 1,715 59,944 Current period gross charge-offs 53 341 187 132 198 1,110 19 — 2,040 Note 5 – Allowance for Credit Losses (In Thousands) Allowance for Credit Losses on Loans 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. 23 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) 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 - 1-4 Family Mortgage Commercial real estate - owner occupied Commercial real estate - non owner occupied Consumer Total 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 Charge-offs ( 1,070 ) ( 1 ) ( 525 ) ( 1,136 ) ( 198 ) ( 330 ) ( 3,260 ) Recoveries 150 — 26 676 63 28 943 Net charge-offs ( 920 ) ( 1 ) ( 499 ) ( 460 ) ( 135 ) ( 302 ) ( 2,317 ) Provision for (recovery of) credit losses on loans 8,903 5,611 5,903 ( 1,060 ) ( 15,090 ) ( 43 ) 4,224 Ending balance $ 65,814 $ 36,969 $ 66,653 $ 37,441 $ 84,380 $ 4,605 $ 295,862 Nonaccruing loans with no allowance for credit losses $ 23,394 $ 5,146 $ 2,473 $ 8,805 $ 28,598 $ — $ 68,416 Commercial and industrial Construction and land development Real Estate - 1-4 Family Mortgage Commercial real estate - owner occupied Commercial real estate - non owner occupied Consumer Total Three Months Ended March 31, 2025 Allowance for credit losses: Beginning balance $ 41,864 $ 19,200 $ 45,498 $ 16,993 $ 71,664 $ 6,537 $ 201,756 Charge-offs ( 94 ) — ( 309 ) ( 461 ) — ( 265 ) ( 1,129 ) Recoveries 967 — 33 4 2 248 1,254 Net recoveries (charge-offs) 873 — ( 276 ) ( 457 ) 2 ( 17 ) 125 (Recovery of) provision for credit losses on loans ( 853 ) 1,645 2,879 1,290 ( 2,885 ) ( 26 ) 2,050 Ending balance $ 41,884 $ 20,845 $ 48,101 $ 17,826 $ 68,781 $ 6,494 $ 203,931 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 $ 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: 24 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) 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 25 Table of Contents 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 credit losses on unfunded loan commitments 3,856 2,700 Ending balance $ 33,683 $ 17,643 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 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 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: Gross Carrying Amount Accumulated Amortization Net Carrying Amount March 31, 2026 Core deposit intangibles $ 242,102 $ ( 105,930 ) $ 136,172 Customer relationship intangible 7,670 ( 5,450 ) 2,220 Total finite-lived intangible assets $ 249,772 $ ( 111,380 ) $ 138,392 December 31, 2025 Core deposit intangibles $ 242,102 $ ( 97,936 ) $ 144,166 Customer relationship intangible 7,670 ( 5,224 ) 2,446 Total finite-lived intangible assets $ 249,772 $ ( 103,160 ) $ 146,612 Amortization expense for finite-lived intangible assets is presented in the table below. Three Months Ended March 31, 2026 2025 Amortization expense for: Core deposit intangibles $ 7,994 $ 818 Customer relationship intangible 226 262 Total intangible amortization $ 8,220 $ 1,080 Note 7 – Mortgage Servicing Rights (In Thousands) 26 Table of Contents 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: 2026 2025 Balance at January 1 $ 65,271 $ 72,991 Additions 1,788 2,236 Amortization ( 2,209 ) ( 2,325 ) 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: March 31, 2026 December 31, 2025 Unpaid principal balance $ 5,627,718 $ 5,648,033 Weighted-average prepayment speed (CPR) 9.28 % 10.90 % Estimated impact of a 10% increase $ ( 3,002 ) $ ( 2,953 ) Estimated impact of a 20% increase ( 4,853 ) ( 5,719 ) Discount rate 9.86 % 9.85 % Estimated impact of a 10% increase $ ( 3,499 ) $ ( 3,199 ) Estimated impact of a 20% increase ( 6,732 ) ( 6,195 ) Weighted-average coupon interest rate 4.62 % 4.59 % Weighted-average servicing fee (basis points) 33.81 33.86 Weighted-average remaining maturity (in years) 7.3 6.8 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) Incentive Compensation Plans 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. 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: 27 Table of Contents 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 Nonvested at beginning of period 195,347 $ 34.54 1,208,193 $ 34.48 Awarded 75,773 35.75 288,972 36.80 Vested — — ( 340,179 ) 35.62 Cancelled — — ( 17,377 ) 35.67 Nonvested at end of period 271,120 $ 34.88 1,139,609 $ 34.71 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 (In Thousands) The Company uses certain derivative instruments to meet the needs of customers as well as to manage the interest rate risk associated with certain transactions. Non-hedge derivatives The Company enters into derivative instruments that are not designated as hedging instruments to help its commercial customers manage their exposure to interest rate fluctuations (which are included within the “interest rate contracts” line items in the tables below). To mitigate the interest rate risk associated with these customer contracts, the Company enters into an offsetting derivative contract position. The Company manages its credit risk, or potential risk of default by its commercial customers, through credit limit approval and monitoring procedures. 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. The following table provides a summary of the Company’s derivatives not designated as hedging instruments as of the dates presented: Balance Sheet March 31, 2026 December 31, 2025 Location Notional Amount Fair Value Notional Amount Fair Value Derivative assets: Interest rate contracts Other Assets $ 1,858,019 $ 22,899 $ 1,784,028 $ 28,590 Interest rate lock commitments Other Assets 114,909 1,604 92,881 1,419 Forward commitments Other Assets 207,000 1,947 33,000 53 Totals $ 2,179,928 $ 26,450 $ 1,909,909 $ 30,062 Derivative liabilities: Interest rate contracts Other Liabilities $ 1,858,019 $ 22,901 $ 1,784,028 $ 28,595 Interest rate lock commitments Other Liabilities 25,082 122 5,904 14 Forward commitments Other Liabilities 49,000 138 196,000 593 Totals $ 1,932,101 $ 23,161 $ 1,985,932 $ 29,202 28 Table of Contents 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 March 31, 2026 2025 Interest rate contracts: Included in interest income on loans $ 7,380 $ 2,889 Interest rate lock commitments: Included in mortgage banking income 77 1,448 Forward commitments Included in mortgage banking income 2,349 ( 2,519 ) Total $ 9,806 $ 1,818 Derivatives designated as cash flow hedges Cash flow hedge relationships mitigate exposure to the variability of future cash flows or other forecasted transactions. The Company uses both interest rate swap contracts and interest rate collars in an effort to manage future interest rate exposure on borrowings and loans, respectively. The swap hedging strategy converts the variable interest rate on the forecasted borrowings to a fixed interest rate. The collar hedging strategy limits the benefit to interest income when rates exceed the cap but protects interest income from interest rate fluctuations below the floor strike rate. The following table provides a summary of the Company’s derivatives designated as cash flow hedges as of the dates presented: Balance Sheet March 31, 2026 December 31, 2025 Location Notional Amount Fair Value Notional Amount Fair Value Derivative assets: Interest rate swaps Other Assets $ 130,000 $ 16,937 $ 130,000 $ 16,907 Interest rate collars Other Assets 450,000 49 450,000 129 Total $ 580,000 $ 16,986 $ 580,000 $ 17,036 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. 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 earnings. 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 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: 29 Table of Contents 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: Interest rate swaps - subordinated notes Other Liabilities $ 100,000 $ 12,253 $ 100,000 $ 12,280 Interest rate swaps - securities Other Liabilities $ 20,800 $ 139 $ 3,430 $ 2 Totals $ 120,800 $ 12,392 $ 100,000 $ 12,282 The following table presents the effects of the Company’s fair value hedge relationships on the Consolidated Statements of Income for the periods presented: Amount of Gain (Loss) Recognized in Income Income Statement Three Months Ended March 31, Location 2026 2025 Derivative liabilities: Interest rate swaps - subordinated notes Interest Expense $ ( 27 ) $ 2,238 Interest rate swaps - securities Interest Income 43 — Derivative liabilities - hedged items: Interest rate swaps - subordinated notes Interest Expense $ 27 $ ( 2,238 ) Interest rate swaps - securities Interest Income ( 43 ) — The following table presents the amounts that were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of the dates presented: 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 March 31, 2026 December 31, 2025 March 31, 2026 December 31, 2025 Long-term debt $ 86,981 $ 86,911 $ 12,253 $ 12,280 Securities available for sale 31,952 17,780 49 6 Credit Derivatives The Company has both bought and sold credit protection in the form of risk participation agreements. These risk participations, which meet the definition of credit derivatives, were entered into in the ordinary course of business to help the Company’s commercial customers manage their exposure to interest rate fluctuations. 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 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 March 31, 2026 and 2025 was immaterial. Offsetting 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 30 Table of Contents 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 March 31, 2026 December 31, 2025 March 31, 2026 December 31, 2025 Gross amounts recognized $ 25,018 $ 21,867 $ 18,470 $ 17,650 Gross amounts offset in the Consolidated Balance Sheets — — — — Net amounts presented in the Consolidated Balance Sheets 25,018 21,867 18,470 17,650 Gross amounts not offset in the Consolidated Balance Sheets Financial instruments - derivative assets available for offset 18,331 17,110 18,331 17,110 Financial collateral (cash) pledged — — — 20 Net amounts $ 6,687 $ 4,757 $ 139 $ 520 Note 10 – Income Taxes 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. Note 11 – Fair Value Measurements (In Thousands) Fair Value Measurements and the Fair Level Hierarchy Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures,” provides guidance for using fair value to measure assets and liabilities and establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to a valuation based on quoted prices in active markets for identical assets and liabilities (Level 1), next priority to a valuation based on quoted prices in active markets for similar assets and liabilities and/or based on assumptions that are observable in the market (Level 2), and the lowest priority to a valuation based on assumptions that are not observable in the market (Level 3). Recurring Fair Value Measurements The Company carries certain assets and liabilities at fair value on a recurring basis in accordance with applicable standards. The Company’s recurring fair value measurements are based on the requirement to carry such assets and liabilities at fair value or the Company’s election to carry certain eligible assets at fair value. 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 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: Securities available for sale : Securities available for sale consist primarily of debt securities, such as obligations of U.S. Government agencies and corporations, obligations of states and political subdivisions and mortgage-backed securities. Where quoted market prices in active markets are available, securities are classified within Level 1 of the fair value hierarchy. If 31 Table of Contents 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. When there is limited transparency around the inputs to the valuation, the instruments are classified within Level 3 of the fair value hierarchy. Derivative instruments : Most of the Company’s derivative contracts are extensively traded in over-the-counter markets and are valued using discounted cash flow models which incorporate observable market-based inputs including current market interest rates, credit spreads, and other factors. Such instruments are categorized within Level 2 of the fair value hierarchy and include interest rate swaps, interest rate collars and other interest rate contracts such as risk participations, interest rate caps and/or floors. The Company’s interest rate lock commitments are valued using current market prices for mortgage-backed securities with similar characteristics, adjusted for certain factors including servicing and risk. The value of the Company’s forward commitments is based on current prices for securities backed by similar types of loans. Because these assumptions are observable in active markets, the Company’s interest rate lock commitments and forward commitments are categorized within Level 2 of the fair value hierarchy. Mortgage loans held for sale in loans held for sale : The Company has elected to carry mortgage loans held for sale at fair value on a recurring basis under the fair value option. Mortgage loans held for sale are loans intended to be sold on the secondary market to investors or other financial institutions. The fair value of these instruments is derived from current market pricing for similar loans, adjusted for differences in loan characteristics, including servicing and risk. Because the valuation is based on external pricing of similar instruments, mortgage loans held for sale are classified within Level 2 of the fair value hierarchy. The following tables present assets and liabilities that are measured at fair value on a recurring basis as of the dates presented: Level 1 Level 2 Level 3 Totals March 31, 2026 Financial assets: Securities available for sale $ — $ 2,809,647 $ — $ 2,809,647 Derivative instruments — 43,578 — 43,578 Mortgage loans held for sale in loans held for sale — 230,980 — 230,980 Total financial assets $ — $ 3,084,205 $ — $ 3,084,205 Financial liabilities: Derivative instruments: $ — $ 35,553 $ — $ 35,553 Level 1 Level 2 Level 3 Totals December 31, 2025 Financial assets: Securities available for sale $ — $ 2,560,818 $ — $ 2,560,818 Derivative instruments — 47,098 — 47,098 Mortgage loans held for sale in loans held for sale — 265,959 — 265,959 Total financial assets $ — $ 2,873,875 $ — $ 2,873,875 Financial liabilities: Derivative instruments $ — $ 41,484 $ — $ 41,484 The Company reviews fair value hierarchy classifications on a quarterly basis. Changes in the Company’s ability to observe inputs to the valuation may cause reclassification of certain assets or liabilities within the fair value hierarchy. 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 three months ended March 31, 2026. 32 Table of Contents 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 Certain assets and liabilities may be recorded at fair value on a nonrecurring basis. These nonrecurring fair value adjustments typically are a result of the application of the lower of cost or market accounting or a write-down occurring during the period. 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: March 31, 2026 Level 1 Level 2 Level 3 Totals Collateral dependent loans $ — $ — $ 42,758 $ 42,758 OREO — — 1,179 1,179 Total $ — $ — $ 43,937 $ 43,937 December 31, 2025 Level 1 Level 2 Level 3 Totals Collateral dependent loans $ — $ — $ 87,680 $ 87,680 OREO — — $ 3,538 3,538 Total $ — $ — $ 91,218 $ 91,218 The following methods and assumptions are used by the Company to estimate the fair values of the Company’s financial assets measured on a nonrecurring basis: Collateral dependent loans : 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. The fair value of the business assets is generally based on amounts reported on the business’s financial statements. Appraised and reported values may be adjusted based on changes in market conditions from the time of valuation and management’s knowledge of the client and the client’s business. Since not all valuation inputs are observable, these nonrecurring fair value determinations are classified as Level 3. Other real estate owned : OREO is comprised of commercial and residential real estate obtained in partial or total satisfaction of loan obligations. OREO acquired in settlement of indebtedness is recorded at the fair value of the real estate less estimated costs to sell. Subsequently, it may be necessary to record nonrecurring fair value adjustments for declines in fair value. 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: March 31, 2026 December 31, 2025 Carrying amount prior to remeasurement $ 1,390 $ 4,182 Impairment recognized in results of operations ( 211 ) ( 644 ) Fair value $ 1,179 $ 3,538 Mortgage servicing rights : Mortgage 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, market discount rates, prepayment speeds, servicing costs, and other factors. 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 March 31, 2026 and December 31, 2025. There were no valuation adjustments on MSRs during the three months ended March 31, 2026 or 2025. 33 Table of Contents 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 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 % OREO $ 1,179 Appraised value of property less estimated costs to sell Estimated costs to sell 10 % Fair Value Option The Company has elected to measure all mortgage loans held for sale at fair value under the fair value option as permitted under ASC 825. 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 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. The change in fair value of both mortgage loans held for sale and the related derivative instruments are recorded in “Mortgage banking income” in the Consolidated Statements of Income. The Company’s valuation of mortgage loans held for sale incorporates an assumption for credit risk; however, given the short-term period that the Company holds these loans, valuation adjustments attributable to instrument-specific credit risk is nominal. 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 March 31, 2026 and December 31, 2025: Aggregate Fair Value Aggregate Unpaid Principal Balance Difference March 31, 2026 Mortgage loans held for sale measured at fair value $ 230,980 $ 228,059 $ 2,921 December 31, 2025 Mortgage loans held for sale measured at fair value $ 265,959 $ 260,841 $ 5,118 Fair Value of Financial Instruments 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: 34 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) Fair Value As of March 31, 2026 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 1,216,980 $ 1,216,980 $ — $ — $ 1,216,980 Securities held to maturity 1,006,511 — 928,696 — 928,696 Securities available for sale 2,809,647 — 2,809,647 — 2,809,647 Loans held for sale 230,980 — 230,980 — 230,980 Loans, net 18,679,386 — — 18,575,666 18,575,666 Mortgage servicing rights 64,850 — — 85,082 85,082 Derivative instruments 43,578 — 43,578 — 43,578 Financial liabilities Deposits $ 22,099,484 $ 22,091,013 $ — $ 22,091,013 Short-term borrowings 305,863 — 305,863 — 305,863 Junior subordinated debentures 140,908 — 126,976 — 126,976 Subordinated notes 359,434 — 351,755 — 351,755 Derivative instruments 35,553 — 35,553 — 35,553 Fair Value As of December 31, 2025 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 1,070,718 $ 1,070,718 $ — $ — $ 1,070,718 Securities held to maturity 1,030,073 — 961,870 — 961,870 Securities available for sale 2,560,818 — 2,560,818 — 2,560,818 Loans held for sale 265,959 — 265,959 — 265,959 Loans, net 18,753,084 — — 18,689,957 18,689,957 Mortgage servicing rights 65,271 — — 80,537 80,537 Derivative instruments 47,098 — 47,098 — 47,098 Financial liabilities Deposits $ 21,473,070 $ — $ 21,465,168 $ — $ 21,465,168 Short-term borrowings 555,774 — 555,774 — 555,774 Junior subordinated debentures 140,632 — 126,976 — 126,976 Subordinated notes 359,124 — 352,616 — 352,616 Derivative instruments 41,484 — 41,484 — 41,484 35 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) Note 12 – Other Comprehensive Income (Loss) (In Thousands) 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 36 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) Note 13 – Net Income Per Common Share (In Thousands, Except Share and Per Share Data) Basic net income per common share is calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per common share reflects the pro forma dilution of shares outstanding, assuming outstanding service-based restricted stock awards fully vested, calculated in accordance with the treasury method. Basic and diluted net income per common share calculations are as follows for the periods presented: Three Months Ended March 31, 2026 2025 Basic Net income applicable to common stock $ 88,228 $ 41,518 Average common shares outstanding 93,693,615 63,664,419 Net income per common share - basic $ 0.94 $ 0.65 Diluted Net income applicable to common stock $ 88,228 $ 41,518 Average common shares outstanding 93,693,615 63,664,419 Effect of dilutive stock-based compensation 534,728 361,606 Average common shares outstanding - diluted 94,228,343 64,026,025 Net income per common share - diluted $ 0.94 $ 0.65 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 March 31, 2026 2025 Number of shares — 500 Note 14 – Segment Reporting (In Thousands) 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 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. Indirect revenues and expenses, including but not limited to income from the Company’s investment portfolio, as well as certain costs associated with data processing and back office functions, primarily support the operations of the community banks and, therefore, are included in the results of the Community Banks segment. Included in “Other” are the operations of the holding company and other eliminations that are necessary for purposes of reconciling to the consolidated amounts. 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. 37 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) The following tables provide financial information for the Company’s operating segments as of and for the periods presented: Community Banks Wealth Management Total Segments Other Consolidated Three months ended March 31, 2026 Total interest income $ 338,087 $ 14 $ 338,101 $ 19 $ 338,120 Total interest expense 107,435 — 107,435 7,126 114,561 Net interest income (loss) $ 230,652 $ 14 $ 230,666 $ ( 7,107 ) $ 223,559 Provision for credit losses 8,080 — 8,080 — 8,080 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 Net occupancy and equipment 17,694 250 17,944 87 18,031 Other segment expenses (1) 42,748 2,109 44,857 691 45,548 Income (loss) before income taxes $ 115,562 $ 2,488 $ 118,050 $ ( 7,627 ) $ 110,423 Income tax expense (benefit) 24,029 114 24,143 ( 1,948 ) 22,195 Net income (loss) $ 91,533 $ 2,374 $ 93,907 $ ( 5,679 ) $ 88,228 Total assets $ 27,082,801 $ 8,193 $ 27,090,994 $ 16,280 $ 27,107,274 Goodwill 1,406,667 — 1,406,667 — 1,406,667 Community Banks Wealth Management Total Segments Other Consolidated Three months ended March 31, 2025 Total interest income $ 220,291 $ 16 $ 220,307 $ 23 $ 220,330 Total interest expense 79,634 — 79,634 6,499 86,133 Net interest income (loss) $ 140,657 $ 16 $ 140,673 $ ( 6,476 ) $ 134,197 Provision for credit losses 4,750 — 4,750 — 4,750 Noninterest income (loss) 28,772 8,064 36,836 ( 441 ) 36,395 Salaries and employee benefits 68,139 3,818 71,957 — 71,957 Net occupancy and equipment 11,547 207 11,754 — 11,754 Other segment expenses (2) 28,099 1,568 29,667 498 30,165 Income (loss) before income taxes $ 56,894 $ 2,487 $ 59,381 $ ( 7,415 ) $ 51,966 Income tax expense (benefit) 12,203 103 12,306 ( 1,858 ) 10,448 Net income (loss) $ 44,691 $ 2,384 $ 47,075 $ ( 5,557 ) $ 41,518 Total assets (liabilities) $ 18,266,553 $ 5,495 $ 18,272,048 $ ( 667 ) $ 18,271,381 Goodwill 988,898 — 988,898 — 988,898 (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 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 Wealth Management include data processing, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses. Note 15 – Subsequent Events (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 38 Table of Contents Renasant Corporation Notes to Consolidated Financial Statements (Unaudited) combination. 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. 39 Table of Contents