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rnst-20260630 
 Table of Contents 

 UNITED STATES 
 SECURITIES AND EXCHANGE COMMISSION 
 Washington, D.C. 20549 
 ________________________________________________________ 
 FORM 10-Q 
 ________________________________________________________ 
 (Mark One) 
 
 ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 

 For the quarterly period ended June 30, 2026 
 Or 
 
 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 

 For the transition period from to 
 Commission file number: 001-13253 
 ________________________________________________________ 
 RENASANT CORP ORATION 
 (Exact name of registrant as specified in its charter) 
 ________________________________________________________ 
 
 Mississippi 64-0676974 
 (State or other jurisdiction of (I.R.S. Employer 
 incorporation or organization) Identification No.) 

 
 209 Troy Street, Tupelo, Mississippi 38804-4827 
 (Address of principal executive offices) (Zip Code) 

 ( 662 ) 680-1001 
 (Registrant’s telephone number, including area code) 
 ________________________________________________________ 
 Securities registered pursuant to Section 12(b) of the Act: 
 
 Title of each class Trading Symbol(s) Name of each exchange on which registered 
 Common stock, $5.00 par value per share RNST The New York Stock Exchange 

 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ 
 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ 
 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. 
 
 Large accelerated filer ☒ Accelerated filer ☐ 
 
 
 Non-accelerated filer ☐ 
 Smaller reporting company ☐ 
 
 
 Emerging growth company ☐ 
 

 If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 
 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒ 
 
 

 Table of Contents 

 As of July 31, 2026, 91,404,465 shares of the registrant’s common stock, par value $5.00 per share, were outstanding. 
 
 

 
 Table of Contents 

 Renasant Corporation 
 Form 10-Q 
 For the Quarterly Period Ended June 30, 2026 
 CONTENTS 
 
 
 Page 
 PART I Financial Information 
 
 Item 1. Financial Statements (Unaudited) 
 
 Consolidated Balance Sheets 
 1 
 
 Consolidated Statements of Income 
 2 
 
 Consolidated Statements of Comprehensive Income 
 3 
 
 Consolidated Statements of Changes in Shareholders’ Equity 
 4 
 
 Consolidated Statements of Cash Flows 
 6 
 
 Notes to Consolidated Financial Statements 
 8 
 
 Note 1 - Summary of S ignificant A ccounting P olicies 
 8 
 
 Note 2 - Mergers and Acquisitions 
 9 
 
 Note 3 - Securities 
 12 
 
 Note 4 - Loans 
 17 
 
 Note 5 - Allowance for Credit Losses 
 29 
 
 Note 6 - G oodwill and Other Intangible Assets 
 32 
 
 Note 7 - Mortgage Servicing Rights 
 33 
 
 Note 8 - Employee Benefit and Deferred Compensation Plans 
 34 
 
 Note 9 - Derivative Instruments 
 35 
 
 Note 10 - Income Taxes 
 38 
 
 Note 11 - Fair Value Measurements 
 38 
 
 Note 12 - Other Comprehensive Incom e (Loss) 
 43 
 
 Note 13 - Net Income Per Common Share 
 45 
 
 Note 14 - Segment Reporting 
 45 
 
 
 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 
 49 
 
 
 Item 3. Quantitative and Qualitative Disclosures about Market Risk 
 71 
 
 
 Item 4. Controls and Procedures 
 71 
 
 
 PART II Other Information 
 
 
 
 Item 1A. Risk Factors 
 73 
 
 
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 
 73 
 
 
 Item 5. Other Information 
 74 
 
 
 Item 6. Exhibits 
 74 
 
 
 SIGNATURES 
 75 
 

 
 

 
 Table of Contents 

 
 
 
 
 
 
 PART I. FINANCIAL INFORMATION 
 Item 1. FINANCIAL STATEMENTS 
 
 
 Renasant Corporation 
 Consolidated Balance Sheets 
 
 
 (In Thousands, Except Share Data) 
 
 (Unaudited) 
 June 30,
2026 December 31, 2025 
 Assets 
 Cash and due from banks $ 264,102 $ 299,592 
 Interest-bearing balances with banks 617,101 771,126 
 Cash and cash equivalents 881,203 1,070,718 
 Securities held to maturity (fair value of $ 902,853 and $ 961,870 , respectively) 
 983,032 1,030,073 
 Securities available for sale, at fair value (amortized cost of $ 2,942,166 and $ 2,635,495 , respectively) 
 2,842,424 2,560,818 
 Loans held for sale, at fair value 241,588 265,959 
 
 
 
 Loans held for investment, net of unearned income 19,196,172 19,047,039 
 Allowance for credit losses on loans ( 296,008 ) ( 293,955 ) 
 Loans, net 18,900,164 18,753,084 
 Premises and equipment, net 464,020 465,141 
 Other real estate owned, net 15,571 15,191 
 Goodwill 1,417,538 1,405,840 
 Other intangible assets, net 138,022 146,612 
 Bank-owned life insurance 495,235 492,541 
 Mortgage servicing rights, net 65,816 65,271 
 Other assets 560,386 480,178 
 Total assets $ 27,004,999 $ 26,751,426 
 Liabilities and shareholders’ equity 
 Liabilities 
 Deposits 
 Noninterest-bearing $ 5,038,070 $ 5,043,960 
 Interest-bearing 16,662,982 16,429,110 
 Total deposits 21,701,052 21,473,070 
 Short-term borrowings 315,225 555,774 
 Long-term debt 796,469 499,756 
 Other liabilities 320,875 337,921 
 Total liabilities 23,133,621 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; 91,403,230 and 94,636,207 shares outstanding, respectively 
 488,612 488,612 
 Treasury stock, at cost – 6,319,167 and 3,086,190 shares, respectively 
 ( 232,402 ) ( 103,494 ) 
 Additional paid-in capital 2,390,839 2,392,997 
 Retained earnings 1,327,997 1,196,522 
 Accumulated other comprehensive loss, net of taxes ( 103,668 ) ( 89,732 ) 
 Total shareholders’ equity 3,871,378 3,884,905 
 Total liabilities and shareholders’ equity $ 27,004,999 $ 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 Six Months Ended 
 June 30, June 30, 
 2026 2025 2026 2025 
 Interest income 
 Loans $ 299,675 $ 306,433 $ 597,948 $ 506,007 
 Securities 
 Taxable 29,505 24,918 58,181 35,887 
 Tax-exempt 6,155 3,490 9,745 4,638 
 Other 5,105 9,057 12,686 17,696 
 Total interest income 340,440 343,898 678,560 564,228 
 Interest expense 
 Deposits 106,398 111,921 210,258 191,307 
 Borrowings 11,288 13,118 21,989 19,865 
 Total interest expense 117,686 125,039 232,247 211,172 
 Net interest income 222,754 218,859 446,313 353,056 
 Provision for credit losses on loans 1,166 75,400 5,390 77,450 
 Provision for credit losses on unfunded commitments 2,633 5,922 6,489 8,622 
 Provision for credit losses 3,799 81,322 11,879 86,072 
 Net interest income after provision for credit losses 218,955 137,537 434,434 266,984 
 Noninterest income 
 Service charges on deposit accounts 14,516 13,618 29,256 23,982 
 Fees and commissions 5,471 6,650 10,125 10,437 
 
 Wealth management revenue 9,073 7,345 17,751 14,412 
 Mortgage banking income 9,178 11,263 18,613 19,410 
 
 
 
 BOLI income 4,608 3,383 8,297 6,312 
 
 Other 8,344 6,075 17,420 10,176 
 Total noninterest income 51,190 48,334 101,462 84,729 
 Noninterest expense 
 Salaries and employee benefits 96,228 99,542 187,977 171,499 
 Data processing 5,037 5,438 10,258 9,527 
 Net occupancy and equipment 18,018 17,359 36,049 29,113 
 Other real estate owned 453 157 1,852 842 
 Professional fees 4,518 4,223 8,920 7,107 
 Advertising and public relations 4,677 4,490 9,276 8,787 
 Intangible amortization 8,370 8,884 16,590 9,964 
 Communications 3,566 3,184 7,575 5,217 
 Merger and conversion related expenses — 20,479 — 21,270 
 
 
 
 Other 20,634 19,448 38,332 33,754 
 Total noninterest expense 161,501 183,204 316,829 297,080 
 Income before income taxes 108,644 2,667 219,067 54,633 
 Income taxes 21,553 1,649 43,748 12,097 
 Net income $ 87,091 $ 1,018 $ 175,319 $ 42,536 
 
 
 Basic earnings per share $ 0.95 $ 0.01 $ 1.89 $ 0.54 
 Diluted earnings per share $ 0.94 $ 0.01 $ 1.88 $ 0.53 
 

 See Notes to Consolidated Financial Statements. 
 2 

 
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 Renasant Corporation 
 Consolidated Statements of Comprehensive Income (Unaudited) 
 (In Thousands) 
 
 
 Three Months Ended Six Months Ended 
 June 30, June 30, 
 2026 2025 2026 2025 
 Net income $ 87,091 $ 1,018 $ 175,319 $ 42,536 
 Other comprehensive income, net of tax: 
 Securities available for sale: 
 Unrealized holding (losses) gains on securities ( 6,812 ) 6,758 ( 18,679 ) 26,728 
 
 
 Amortization of unrealized holding losses on securities transferred to the held to maturity category 1,938 2,113 3,891 4,378 
 Total securities available for sale ( 4,874 ) 8,871 ( 14,788 ) 31,106 
 Derivative instruments: 
 Unrealized holding gains (losses) on derivative instruments 148 ( 2,065 ) ( 511 ) ( 4,079 ) 
 Amounts reclassified into earnings 627 700 1,253 1,392 
 Total derivative instruments 775 ( 1,365 ) 742 ( 2,687 ) 
 Defined benefit pension and post-retirement benefit plans: 
 
 
 Amortization of net actuarial loss recognized in net periodic pension cost 55 74 110 148 
 Total defined benefit pension and post-retirement benefit plans 55 74 110 148 
 Other comprehensive (loss) income, net of tax ( 4,044 ) 7,580 ( 13,936 ) 28,567 
 Comprehensive income $ 83,047 $ 8,598 $ 161,383 $ 71,103 

 
 
 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 
 Six Months Ended June 30, 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 
 Net income — $ — $ — $ — $ 87,091 $ — $ 87,091 
 Other comprehensive loss — — — — — ( 4,044 ) ( 4,044 ) 
 Comprehensive income 83,047 
 Cash dividends ($ 0.24 per share) 
 — — — — ( 22,210 ) — ( 22,210 ) 
 Repurchase of shares in connection with stock repurchase program ( 1,533,708 ) — ( 60,532 ) — — — ( 60,532 ) 
 
 Issuance of common stock for stock-based compensation awards, net of forfeitures 55,609 — 1,965 ( 2,194 ) — — ( 229 ) 
 Stock-based compensation expense — — — 4,384 — — 4,384 
 
 Balance at June 30, 2026 91,403,230 $ 488,612 $ ( 232,402 ) $ 2,390,839 $ 1,327,997 $ ( 103,668 ) $ 3,871,378 
 
 
 
 
 
 
 
 
 
 
 

 4 

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 Common Stock Treasury Stock Additional Paid-In Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Total 
 Six Months Ended June 30, 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 
 Net income — $ — $ — $ — $ 1,018 $ — $ 1,018 
 Other comprehensive income — — — — — 7,580 7,580 
 Comprehensive income 8,598 
 Cash dividends ($ 0.22 per share) 
 — — — — ( 21,155 ) — ( 21,155 ) 
 
 Common stock issued in connection with an acquisition 31,238,172 156,191 — 903,720 — — 1,059,911 
 Issuance of common stock for stock-based compensation awards 41,672 — 1,398 ( 1,307 ) — — 91 
 Stock-based compensation expense — — — 4,304 — — 4,304 
 
 Balance at June 30, 2025 95,019,311 $ 488,612 $ ( 90,248 ) $ 2,393,566 $ 1,100,965 $ ( 114,041 ) $ 3,778,854 
 
 
 
 
 
 
 
 
 
 

 
 
 See Notes to Consolidated Financial Statements. 
 5 

 
 Table of Contents 

 Renasant Corporation 
 Consolidated Statements of Cash Flows (Unaudited) 
 (In Thousands) 
 
 Six Months Ended June 30, 
 2026 2025 
 Operating activities 
 Net income $ 175,319 $ 42,536 
 Adjustments to reconcile net income to net cash provided by operating activities: 
 Provision for credit losses 11,879 86,072 
 Depreciation, amortization and accretion 4,695 11,789 
 Deferred income tax expense (benefit) 5,866 ( 608 ) 
 Gain on sale of mortgage servicing rights — ( 1,467 ) 
 
 Funding of mortgage loans held for sale ( 752,952 ) ( 794,785 ) 
 Proceeds from sales of mortgage loans held for sale 786,226 698,716 
 Gains on sales of mortgage loans held for sale ( 10,065 ) ( 9,816 ) 
 
 
 
 Losses (gains) on sales of premises and equipment 44 ( 347 ) 
 Stock-based compensation 9,858 8,084 
 
 Income from bank-owned life insurance ( 8,297 ) ( 6,312 ) 
 Net change in operating leases 2,953 3,141 
 (Increase) decrease in other assets ( 1,370 ) 7,533 
 Decrease in other liabilities ( 41,670 ) ( 25,001 ) 
 Net cash provided by operating activities 182,486 19,535 
 Investing activities 
 Purchases of securities available for sale ( 541,398 ) ( 946,095 ) 
 Proceeds from sales of securities available for sale — 686,485 
 Proceeds from call/maturities of securities available for sale 238,435 113,025 
 
 
 Proceeds from call/maturities of securities held to maturity 49,562 52,352 
 Proceeds from sale of mortgage servicing rights — 9,353 
 Net increase in loans ( 81,252 ) ( 480,005 ) 
 Purchases of premises and equipment ( 12,350 ) ( 14,996 ) 
 Proceeds from sales of premises and equipment 718 1,346 
 
 
 Proceeds from surrender of bank-owned life insurance — 56,255 
 Purchases of FHLB stock ( 3,049 ) ( 17,758 ) 
 Proceeds from redemption of FHLB stock 16,015 12,075 
 Purchases of FRB stock ( 91,303 ) — 
 Proceeds from redemption of FRB stock 233 — 
 Proceeds from sales of other assets 11,292 11,778 
 Net cash (paid) received in acquisition of businesses ( 67,612 ) 261,483 
 Other, net 5,603 1,855 
 Net cash used in investing activities ( 475,106 ) ( 252,847 ) 
 Financing activities 
 Net increase in deposits 227,982 556,236 
 Net decrease in short-term borrowings ( 240,549 ) ( 919 ) 
 Proceeds from the issuance of long-term debt, net of issuance costs 295,854 — 
 
 Cash paid for dividends ( 43,844 ) ( 35,425 ) 
 Repurchase of shares in connection with stock repurchase program ( 136,338 ) — 
 
 
 
 Net cash provided by financing activities 103,105 519,892 
 Net (decrease) increase in cash and cash equivalents ( 189,515 ) 286,580 
 Cash and cash equivalents at beginning of period 1,070,718 1,092,032 
 Cash and cash equivalents at end of period $ 881,203 $ 1,378,612 
 

 6 

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 Six Months Ended June 30, 
 2026 2025 
 Supplemental disclosures 
 Cash paid for interest $ 226,319 $ 199,936 
 Cash paid for income taxes $ 33,920 $ 21,088 
 Noncash transactions: 
 Transfers of loans to other real estate owned $ 12,935 $ 4,281 
 
 
 
 Common stock issued in acquisition of businesses $ — $ 1,059,911 
 Recognition of operating right-of-use assets and liabilities $ 4,702 $ 12,251 
 Contingent consideration and holdbacks recognized in acquisition of business $ 8,741 $ — 

 
 
 See Notes to Consolidated Financial Statements. 
 7 

 
 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”) on March 2, 2026. 
 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. 
 Loans acquired in a business combination : Loans acquired in a business combination are recognized on the acquisition date at their purchase price plus an allowance for expected credit losses (“ACL”) established at acquisition. The ACL recognized at acquisition is recorded through a gross-up that increases the amortized cost basis of the asset with no effect on net income at acquisition. The sum of the loan’s purchase price and the ACL gross-up becomes the loan’s initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the loan is a noncredit discount or premium. Any noncredit discount is accreted into interest income using the effective interest method over the remaining contractual life of the loan, adjusted for estimated prepayments. 
 
 
 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. 
 On April 1, 2026, the Company adopted 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 (“CECL”). 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. ASU 2025-08 was applied to the business combination that occurred this quarter, which is discussed in Note 2, “Mergers and Acquisitions,” below. 
 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. 
 8 

 
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 Note 2 – Mergers and Acquisitions 
 (Dollar Amounts In Thousands, Except Share Data) 
 Acquisition of The First Bancshares, Inc. (“The First”) 
 
 
 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 or six months ended June 30, 2026. The Company incurred transaction costs of $ 20,479 and $ 21,270 during the three and six months ended June 30, 2025, respectively. 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 $ 159,610 and a customer relationship intangible of $ 5,866 associated with Southwest Georgia Insurance Services, Inc. (“SGIS”), The First’s wholly-owned insurance agency subsidiary. Goodwill resulted from a combination of revenue enhancements from expansion in existing markets and efficiencies resulting from operational synergies. 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 
 

 
 
 9 

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 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. 
 
 Fair Value of Net Assets Acquired 
 Cash and cash equivalents $ 263,352 
 Securities 1,457,377 
 Loans, including loans held for sale 5,173,334 
 Premises and equipment 179,629 
 Bank-owned life insurance 146,601 
 Other real estate owned 11,032 
 Other intangible assets 165,476 
 Other assets 175,627 
 Total assets $ 7,572,428 
 
 Deposits 6,449,393 
 Borrowings 419,165 
 Other liabilities 70,203 
 Total liabilities $ 6,938,761 
 
 Net identifiable assets acquired over liabilities assumed $ 633,667 
 Goodwill (1) 
 419,023 
 Net assets acquired over liabilities assumed $ 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. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 Acquisition of Factoring Business 
 Effective April 30, 2026, the Company, through Republic Business Credit, acquired a 100 % ownership interest in certain factoring assets and business processes from REV Capital. The acquisition provided the Company with factoring receivables, customer relationships and a contractual workforce. This business combination allows the Company to expand into the temporary staffing factoring industry. 
 The transaction was accounted for under the acquisition method, in which the assets acquired were recorded at fair value as of the acquisition date. The fair value measurements are best estimates made by management, are dependent on certain 
 10 

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 assumptions, including initial estimates of the fair value of the intangible assets, and are subject to adjustment for up to one year as additional information becomes available. The purchase consideration allocation below is considered preliminary and is subject to revision. 
 The following tables provide a preliminary allocation of the purchase consideration to the identified assets and goodwill acquired at the acquisition date: 
 
 Purchase Consideration: 
 Cash consideration (1) 
 $ 70,026 
 Contingent consideration 6,327 
 Total purchase consideration 
 $ 76,353 

 
 Assets Acquired: 
 Factoring receivables (Net Funds Employed) $ 58,326 
 Allowance for credit losses ( 1,749 ) 
 Accrued fees 905 
 Customer relationship intangible 6,200 
 Contract-based intangible 1,800 
 Total assets $ 65,482 
 
 
 
 
 Total identifiable assets acquired 65,482 
 Goodwill (2) 
 10,871 
 Total assets acquired 
 $ 76,353 

 (1) Includes holdback of $ 2,414 . 
 (2) The goodwill resulting from the acquisition has been assigned to the Community Banks operating segment. 
 The Company paid cash in the amount of $ 70,026 less certain holdbacks. In addition, the Company is obligated to pay additional amounts over a two-year period to REV Capital based on the level of growth of the factoring receivables generated from the existing customer relationships and new customer generation from the contractual workforce (the “Contingent Consideration”). The total undiscounted amount that the Company could pay under the Contingent Consideration arrangement is between $ 0 and $ 6,983 , plus an additional 5 % of the average factoring receivables if certain milestones are met. The fair value of the Contingent Consideration, estimated using a scenario-based probability approach and discounted, was $ 6,327 as of April 30, 2026. Accordingly, the total fair value of consideration paid, including Contingent Consideration, is $ 76,353 . 
 The factoring receivables are financial assets that have not experienced more-than-insignificant credit deterioration since origination. Pursuant to ASU 2025-08, since the factoring receivables are purchased seasoned loans, the allowance for credit losses is being recorded using the gross-up method. The factoring receivables, which have short maturities and floating interest rates indexed to benchmark market rates, are being recorded at their net funds employed, which is equal to the receivables acquired, less customer holdbacks. 
 The Company did not incur significant acquisition-related costs as part of this business combination. 
 The customer relationship intangible asset represents the value from future factored receivables expected to be generated from the acquired customer base. The contract-based intangible asset represents the additional costs that the Company would incur if it were to acquire an at-market contract similar to a sales channel agreement acquired as part of this acquisition. The customer relationship intangible is being amortized over its expected useful life of six years . The contract-based intangible is being amortized over three years . Fair value for the customer relationship was calculated using an income approach based on the multi-period excess earnings method. Fair value for the contract-based intangible was calculated using an income approach based on the with-and-without method. 
 The goodwill is expected to be fully tax deductible and represents the expected synergies, benefits to our brand, and acquired know-how from the acquisition. 
 Given the nature of the assets acquired, lack of historical financial data for the acquired assets, and systems conversion, the Company has determined that it is impracticable to disclose pro forma financials or revenue and earnings since the date of acquisition. 
 11 

 
 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 June 30, 2026 or December 31, 2025. 
 
 
 Amortized
Cost Gross
Unrealized
Gains Gross
Unrealized
Losses Fair
Value 
 June 30, 2026 
 
 
 Obligations of states and political subdivisions $ 274,280 $ 7,684 $ ( 3,740 ) $ 278,224 
 Residential mortgage-backed securities: 
 Agency mortgage-backed securities 1,051,549 758 ( 22,092 ) 1,030,215 
 Collateralized mortgage obligations 762,249 1,427 ( 64,315 ) 699,361 
 Commercial mortgage-backed securities: 
 Agency mortgage-backed securities 99,275 112 ( 818 ) 98,569 
 Collateralized mortgage obligations 408,355 2,730 ( 20,321 ) 390,764 
 
 Other debt securities 346,458 845 ( 2,012 ) 345,291 
 
 $ 2,942,166 $ 13,556 $ ( 113,298 ) $ 2,842,424 

 
 
 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 

 
 
 
 
 12 

 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 
 June 30, 2026 
 Obligations of states and political subdivisions $ 277,221 $ 17 $ ( 29,086 ) $ 248,152 
 Residential mortgage-backed securities: 
 Agency mortgage-backed securities 300,547 — ( 15,072 ) 285,475 
 Collateralized mortgage obligations 305,069 — ( 25,284 ) 279,785 
 Commercial mortgage-backed securities: 
 Agency mortgage-backed securities 16,813 — ( 2,113 ) 14,700 
 Collateralized mortgage obligations 41,530 — ( 6,150 ) 35,380 
 Other debt securities 41,884 — ( 2,523 ) 39,361 
 $ 983,064 $ 17 $ ( 80,228 ) $ 902,853 
 Allowance for credit losses - held to maturity securities ( 32 ) 
 Held-to-maturity securities, net of allowance for credit losses $ 983,032 

 
 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 three or six months ended June 30, 2026. Securities sold during the three and six months ended June 30, 2025 are presented in the tables below. On April 1, 2025, the Company acquired available for sale securities with a fair value of $ 1,457,377 as part of the merger with The First. Shortly after the merger, certain securities from this portfolio were sold at carrying value, resulting in no gain or loss on the sale; no other securities were sold during the first six months of 2025. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 13 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 Carrying Value Net Proceeds Gain/(Loss) 
 Three months ended June 30, 2025 
 Obligations of other U.S. Government agencies and corporations $ 34,394 $ 34,394 $ — 
 Obligations of states and political subdivisions 327,509 327,509 — 
 Residential mortgage backed securities: 
 Agency mortgage-backed securities 275,910 275,910 — 
 Collateralized mortgage obligations 2,437 2,437 — 
 Commercial mortgage-backed securities: 
 Agency mortgage-backed securities 6,541 6,541 — 
 Collateralized mortgage obligations 6,480 6,480 — 
 
 Other debt securities 33,214 33,214 — 
 
 $ 686,485 $ 686,485 $ — 
 Six months ended June 30, 2025 
 Obligations of other U.S. Government agencies and corporations $ 34,394 $ 34,394 $ — 
 Obligations of states and political subdivisions 327,509 327,509 — 
 Residential mortgage-backed securities: 
 Agency mortgage-backed securities 275,910 275,910 — 
 Collateralized mortgage obligations 2,437 2,437 — 
 Commercial mortgage-backed securities: 
 Agency mortgage-backed securities 6,541 6,541 — 
 Collateralized mortgage obligations 6,480 6,480 — 
 
 Other debt securities 33,214 33,214 — 
 
 $ 686,485 $ 686,485 $ — 

 At June 30, 2026 and December 31, 2025, securities with a carrying value of $ 1,612,249 and $ 1,732,787 , respectively, were pledged to secure government, public and trust deposits. Securities with a carrying value of $ 8,762 and $ 17,854 were pledged as collateral for short-term borrowings and derivative instruments, respectively, at June 30, 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 June 30, 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. 
 
 14 

 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 $ — $ — $ 7,060 $ 7,069 
 Due after one year through five years 18,009 17,219 68,746 69,252 
 Due after five years through ten years 186,556 167,503 121,866 121,531 
 Due after ten years 72,656 63,430 123,770 127,484 
 Residential mortgage-backed securities: 
 Agency mortgage-backed securities 300,547 285,475 1,051,549 1,030,215 
 Collateralized mortgage obligations 305,069 279,785 762,249 699,361 
 Commercial mortgage-backed securities: 
 Agency mortgage-backed securities 16,813 14,700 99,275 98,569 
 Collateralized mortgage obligations 41,530 35,380 408,355 390,764 
 Other debt securities 41,884 39,361 299,296 298,179 
 
 $ 983,064 $ 902,853 $ 2,942,166 $ 2,842,424 

 The following tables present by age the fair value and gross unrealized losses for each 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: 
 June 30, 2026 
 
 Obligations of states and political subdivisions 46 $ 57,548 $ ( 1,893 ) 11 $ 15,919 $ ( 1,847 ) 57 $ 73,467 $ ( 3,740 ) 
 Residential mortgage-backed securities: 
 Agency mortgage-backed securities 39 698,540 ( 5,333 ) 38 179,487 ( 16,759 ) 77 878,027 ( 22,092 ) 
 Collateralized mortgage obligations 10 236,409 ( 1,553 ) 38 277,694 ( 62,762 ) 48 514,103 ( 64,315 ) 
 Commercial mortgage-backed securities: 
 Agency mortgage-backed securities 15 71,420 ( 516 ) 1 4,636 ( 302 ) 16 76,056 ( 818 ) 
 Collateralized mortgage obligations 35 169,181 ( 1,943 ) 28 101,267 ( 18,378 ) 63 270,448 ( 20,321 ) 
 
 Other debt securities 15 103,960 ( 426 ) 11 183,380 ( 1,586 ) 26 287,340 ( 2,012 ) 
 Total 160 $ 1,337,058 $ ( 11,664 ) 127 $ 762,383 $ ( 101,634 ) 287 $ 2,099,441 $ ( 113,298 ) 
 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 ) 

 15 

 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: 
 June 30, 2026 
 Obligations of states and political subdivisions 5 $ 6,301 $ ( 400 ) 118 $ 237,908 $ ( 28,686 ) 123 $ 244,209 $ ( 29,086 ) 
 Residential mortgage-backed securities: 
 Agency mortgage-backed securities 4 41,439 ( 1,102 ) 62 244,036 ( 13,970 ) 66 285,475 ( 15,072 ) 
 Collateralized mortgage obligations — — — 18 279,785 ( 25,284 ) 18 279,785 ( 25,284 ) 
 Commercial mortgage-backed securities: 
 Agency mortgage-backed securities — — — 1 14,700 ( 2,113 ) 1 14,700 ( 2,113 ) 
 Collateralized mortgage obligations — — — 9 35,381 ( 6,150 ) 9 35,381 ( 6,150 ) 
 Other debt securities — — — 10 39,353 ( 2,523 ) 10 39,353 ( 2,523 ) 
 Total 9 $ 47,740 $ ( 1,502 ) 218 $ 851,163 $ ( 78,726 ) 227 $ 898,903 $ ( 80,228 ) 
 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 whether 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 June 30, 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 the same perceived credit risk 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 
 16 

 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, and insurance programs. Based upon its review of these factors as of June 30, 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 (Loss)” 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 June 30, 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 June 30, 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: 
 
 June 30,
2026 December 31, 2025 
 Commercial and industrial $ 3,063,069 $ 2,818,326 
 Construction and land development 
 Residential 416,894 382,773 
 Other 1,592,770 1,522,863 
 Total construction and land development 2,009,664 1,905,636 
 Real estate – 1-4 family mortgage: 
 First lien 3,788,776 3,844,097 
 Junior lien 53,068 52,943 
 Home equity 726,195 737,993 
 Total real estate – 1-4 family mortgage 4,568,039 4,635,033 
 Commercial real estate - owner occupied 3,332,728 3,334,664 
 Commercial real estate - non-owner occupied 
 Multi family 1,161,071 1,392,779 
 Other 4,962,429 4,852,701 
 Total commercial real estate - non-owner occupied 6,123,500 6,245,480 
 Consumer 99,172 107,900 
 Loans, net of unearned income $ 19,196,172 $ 19,047,039 

 The Company had unearned income of $ 5,491 and $ 5,152 , unamortized net deferred fees of $ 4,062 and $ 1,900 and unamortized purchase accounting discounts, net of premiums, of $ 133,760 and $ 161,591 at June 30, 2026 and December 31, 2025, respectively. 
 
 
 17 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 The following tables provide an aging of past due accruing loans and the total of nonaccruing loans, segregated by class, as of the dates presented: 
 
 Accruing Loans 
 30-89 Days
Past Due 90 Days
or More
Past Due Current
Loans Total
Loans Nonaccruing Loans Total
Loans 
 June 30, 2026 
 
 Commercial and industrial $ 2,995 $ 4 $ 3,013,849 $ 3,016,848 $ 46,221 $ 3,063,069 
 Construction and land development 
 Residential 44 — 414,910 414,954 1,940 416,894 
 Other 2,343 — 1,586,432 1,588,775 3,995 1,592,770 
 Total construction and land development 2,387 — 2,001,342 2,003,729 5,935 2,009,664 
 Real estate – 1-4 family mortgage: 
 First lien 20,205 22 3,707,051 3,727,278 61,498 3,788,776 
 Junior lien 75 — 51,160 51,235 1,833 53,068 
 Home equity 2,938 — 720,180 723,118 3,077 726,195 
 Total real estate – 1-4 family mortgage 23,218 22 4,478,391 4,501,631 66,408 4,568,039 
 Commercial real estate - owner occupied 1,310 — 3,309,456 3,310,766 21,962 3,332,728 
 Commercial real estate - non-owner occupied 
 Multi family — — 1,159,859 1,159,859 1,212 1,161,071 
 Other 661 — 4,917,233 4,917,894 44,535 4,962,429 
 Total commercial real estate - non-owner occupied 661 — 6,077,092 6,077,753 45,747 6,123,500 
 Consumer 570 25 98,418 99,013 159 99,172 
 Loans, net of unearned income $ 31,141 $ 51 $ 18,978,548 $ 19,009,740 $ 186,432 $ 19,196,172 

 
 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 2,033 382,773 
 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 60,874 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 six months ended June 30, 2026 and 2025 was immaterial. 
 
 
 18 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 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 six months ended June 30, 2026 and 2025, respectively, by class of financing receivable and by type of modification. 
 
 
 
 
 
 Three Months Ended June 30, 2026 
 Interest Rate Reduction Term Extension Payment Delay Term Extension and Payment Delay Total % Total Loans by Class 
 Commercial and industrial $ — $ — $ 1,546 $ — $ 1,546 0.05 % 
 Construction and land development 
 Residential — — — — — — % 
 Other — — — — — — % 
 Total construction and land development — — — — — — % 
 Real estate – 1-4 family mortgage: 
 First lien — — — 1,321 1,321 0.03 % 
 Junior lien — — — — — — % 
 Home equity — — — — — — % 
 Total real estate – 1-4 family mortgage — — — 1,321 1,321 0.03 % 
 Commercial real estate - owner occupied — 968 — 968 0.03 % 
 Commercial real estate - non-owner occupied 
 Multi family — — 748 748 0.06 % 
 Other — — — — — % 
 Total commercial real estate - non-owner occupied — — — 748 748 0.01 % 
 Consumer — — — — — — % 
 Loans, net of unearned income $ — $ — $ 2,514 $ 2,069 $ 4,583 0.02 % 

 
 Six Months Ended June 30, 2026 
 Interest Rate Reduction Term Extension Payment Delay Term Extension and Payment Delay Total % Total Loans by Class 
 Commercial and industrial $ — $ 50 $ 1,578 $ 850 $ 2,478 0.08 % 
 Construction and land development 
 Residential — — — — — — % 
 Other — — — — — — % 
 Total construction and land development — — — — — — % 
 Real estate – 1-4 family mortgage: 
 First lien — 154 26 1,339 1,519 0.04 % 
 Junior lien — — — — — — % 
 Home equity — — 20 — 20 — % 
 Total real estate – 1-4 family mortgage — 154 46 1,339 1,539 0.03 % 
 Commercial real estate - owner occupied 63 1,054 — 1,117 0.03 % 
 Commercial real estate - non-owner occupied 
 Multi family — — — 748 748 0.06 % 
 Other 77 — 12,045 116 12,238 0.25 % 
 Total commercial real estate - non-owner occupied 77 — 12,045 864 12,986 0.21 % 
 Consumer — — — 26 26 0.03 % 
 Loans, net of unearned income $ 140 $ 204 $ 14,723 $ 3,079 $ 18,146 0.09 % 

 19 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 Three Months Ended June 30, 2025 
 Term Extension Payment Delay Term Extension and Payment Delay Total % Total Loans by Class 
 Commercial and industrial $ — $ 3 $ — $ 3 — % 
 Construction and land development 
 Residential — — 235 235 0.01 % 
 Other — — — — — % 
 Total construction and land development — — 235 235 0.01 % 
 Real estate – 1-4 family mortgage: 
 First lien — — — — — % 
 Junior lien — — — — — % 
 Home equity — 3 — 3 — % 
 Total real estate – 1-4 family mortgage — 3 — 3 — % 
 Commercial real estate - owner occupied — — — — % 
 Commercial real estate - non-owner occupied 
 Multi family — — — — — % 
 Other — — — — — % 
 Total commercial real estate - non-owner occupied — — — — — % 
 Consumer 81 6 1 88 — % 
 Loans, net of unearned income $ 81 $ 12 $ 236 $ 329 — % 

 
 Six Months Ended June 30, 2025 
 Term Extension Payment Delay Term Extension and Payment Delay Interest Rate Reduction, Term Extension and Payment Delay Total % Total Loans by Class 
 Commercial and industrial $ — $ 3 $ — $ — $ 3 — % 
 Construction and land development 
 Residential — — 235 — 235 0.01 % 
 Other — — — — — — % 
 Total construction and land development — — 235 — 235 0.01 % 
 Real estate – 1-4 family mortgage: 
 First lien — — — — — — % 
 Junior lien — — — — — — % 
 Home equity — 3 — — 3 — % 
 Total real estate – 1-4 family mortgage — 3 — — 3 — % 
 Commercial real estate - owner occupied — — — — — — % 
 Commercial real estate - non-owner occupied 
 Multi family — — — — — — % 
 Other 2,119 — — — 2,119 0.07 % 
 Total commercial real estate - non-owner occupied 2,119 — — — 2,119 0.07 % 
 Consumer 81 6 1 2 90 — % 
 Loans, net of unearned income $ 2,200 $ 12 $ 236 $ 2 $ 2,450 0.01 % 

 
 
 20 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 The following tables present the weighted average financial effect of loan modifications by class of financing receivable for the periods presented. 
 
 Three Months Ended June 30, 2026 
 Loan Type Financial Effect 
 
 
 
 
 
 
 
 Payment Delay 
 Commercial and industrial Delayed the payment 10 months 
 
 
 
 Commercial real estate - owner occupied Delayed the payment 6 months 
 
 
 
 Combination - Term Extension and Payment Delay 
 
 Real estate – 1-4 family mortgage - First lien Extended the term and delayed the payment 12 months 
 
 
 Commercial real estate - non-owner occupied - Multi-Family Extended the term and delayed the payment 7 months 
 
 
 
 
 
 
 
 
 

 
 Six Months Ended June 30, 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 
 
 
 Real estate – 1-4 family mortgage - First lien Extended the term 34 months 
 
 Payment Delay 
 Commercial and industrial Delayed the payment 10 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 6 months 
 
 Commercial real estate - non-owner occupied - Other Delayed the payment 10 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 12 months 
 
 Commercial real estate - non-owner occupied -Multi-Family Extended the term and delayed the payment 7 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 June 30, 2025 
 Loan Type Financial Effect 
 
 
 
 Term Extension 
 
 Consumer Extended the term 124 months 
 
 Payment Delay 
 Commercial and industrial Delayed the payment 7 months 
 
 Real estate – 1-4 family mortgage - Home equity Delayed the payment 39 months 
 
 Consumer Delayed the payment 23 months 
 
 Combination - Term Extension and Payment Delay 
 Construction and land development - Residential Extended the term and delayed the payment 35 months 
 
 Consumer Extended the term and delayed the payment 60 months 
 
 
 
 
 
 
 

 21 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 Six Months Ended June 30, 2025 
 Loan Type Financial Effect 
 
 
 
 Term Extension 
 Commercial real estate - non-owner occupied - Other Extended the term 12 months 
 
 Consumer Extended the term 124 months 
 
 Payment Delay 
 Commercial and industrial Delayed the payment 7 months 
 
 Real estate – 1-4 family mortgage - Home equity Delayed the payment 39 months 
 
 Consumer Delayed the payment 23 months 
 
 Combination - Term Extension and Payment Delay 
 Construction and land development - Residential Extended the term and delayed the payment 35 months 
 
 Consumer Extended the term and delayed the payment 60 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 $ 490 at June 30, 2026. There were no unused commitments relating to modified loans at June 30, 2025. Consumer loans totaling $ 16 for which the term was extended and payment delayed during the six months ended June 30, 2026 experienced a deterioration in past due or accrual status. There were no loan modifications in the six months ended June 30, 2025 for which the accrual or past due status deteriorated since the quarter of modification. 
 Loans Pledged 
 The Federal Home Loan Bank of Dallas (“FHLB”) maintains a blanket lien on the Company’s loan portfolio to be pledged as collateral for various FHLB products. In addition, the Company pledged $ 1,067,639 and $ 681,719 of its non-real estate loan portfolio to the Federal Reserve as collateral at the Discount Window at June 30, 2026 and December 31, 2025, respectively. 
 Credit Quality 
 The following tables present the internal risk-rating grades of the Company’s loan portfolio by year of origination or renewal 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 
 June 30, 2026 
 Commercial and industrial $ 304,499 $ 595,986 $ 233,644 $ 157,671 $ 223,561 $ 192,992 $ 1,315,153 $ 23,852 $ 3,047,358 
 Pass 302,328 564,012 229,615 153,356 217,331 188,653 1,263,142 20,438 2,938,875 
 Special mention 1,049 15,090 2,195 689 140 1,777 28,834 — 49,774 
 Classified 1,122 16,884 1,834 3,626 6,090 2,562 23,177 3,414 58,709 
 
 Current period gross charge-offs 252 259 170 342 257 351 343 1,319 3,293 
 
 Construction and land development $ 496,092 $ 896,121 $ 253,845 $ 104,717 $ 52,531 $ 23,895 $ 62,710 $ 1,644 $ 1,891,555 
 Residential 169,946 121,803 10,926 25,446 — — 2,276 68 330,465 
 Pass 169,946 119,866 10,926 25,446 — — 2,276 68 328,528 
 Special mention — — — — — — — — — 
 Classified — 1,937 — — — — — — 1,937 
 
 Current period gross charge-offs — — — — — — — — — 
 
 Other $ 326,146 $ 774,318 $ 242,919 $ 79,271 $ 52,531 $ 23,895 $ 60,434 $ 1,576 $ 1,561,090 
 Pass 325,590 767,956 239,585 65,546 50,310 23,743 60,434 1,576 1,534,740 

 22 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 Special mention 360 6,360 2,894 12,550 34 — — — 22,198 
 Classified 196 2 440 1,175 2,187 152 — — 4,152 
 
 Current period gross charge-offs — — — — — — — — — 
 
 Real Estate - 1-4 Family Mortgage $ 130,108 $ 249,406 $ 131,203 $ 113,559 $ 172,708 $ 142,099 $ 106,634 $ 1,115 $ 1,046,832 
 First lien 124,303 233,533 123,697 106,755 169,015 138,635 3,661 — 899,599 
 Pass 124,073 231,787 121,025 103,526 166,429 136,043 3,661 — 886,544 
 Special mention 92 29 593 48 552 570 — — 1,884 
 Classified 138 1,717 2,079 3,181 2,034 2,022 — — 11,171 
 
 Current period gross charge-offs — — — 44 24 — — — 68 
 
 Junior lien $ 5,318 $ 14,489 $ 6,719 $ 5,946 $ 3,429 $ 2,722 $ 151 $ — $ 38,774 
 Pass 5,308 12,759 6,298 5,360 3,404 2,091 151 — 35,371 
 Special mention 10 74 205 — — — — — 289 
 Classified — 1,656 216 586 25 631 — — 3,114 
 
 Current period gross charge-offs — 19 — — 93 — — — 112 
 
 Home equity $ 487 $ 1,384 $ 787 $ 858 $ 264 $ 742 $ 102,822 $ 1,115 $ 108,459 
 Pass 360 1,384 787 858 264 742 102,632 270 107,297 
 Special mention — — — — — — — — — 
 Classified 127 — — — — — 190 845 1,162 
 
 Current period gross charge-offs — — — — 73 — — 80 153 
 
 Commercial real estate - owner occupied $ 287,260 $ 550,564 $ 563,762 $ 396,367 $ 474,184 $ 850,681 $ 209,376 $ 534 $ 3,332,728 
 Pass 281,093 544,286 545,268 386,085 456,927 812,333 207,632 — 3,233,624 
 Special mention 6,066 5,550 7,752 3,417 12,409 16,469 901 — 52,564 
 Classified 101 728 10,742 6,865 4,848 21,879 843 534 46,540 
 
 Current period gross charge-offs 300 — 175 303 392 193 — — 1,363 
 
 Commercial real estate - non owner occupied $ 635,248 $ 1,514,937 $ 766,183 $ 649,194 $ 1,422,895 $ 1,039,726 $ 93,293 $ 2,024 $ 6,123,500 
 Multi family 145,379 296,549 76,381 157,223 357,973 123,793 3,773 — 1,161,071 
 Pass 144,523 295,167 73,519 157,223 357,623 123,197 3,773 — 1,155,025 
 Special mention — — 2,858 — — — — — 2,858 
 Classified 856 1,382 4 — 350 596 — — 3,188 
 
 Current period gross charge-offs — — — — — 177 — — 177 
 
 Other $ 489,869 $ 1,218,388 $ 689,802 $ 491,971 $ 1,064,922 $ 915,933 $ 89,520 $ 2,024 $ 4,962,429 
 Pass 478,344 1,200,969 682,344 477,175 998,651 846,420 88,025 — 4,771,928 
 Special mention — 785 5,313 2,366 25,916 9,434 20 — 43,834 
 Classified 11,525 16,634 2,145 12,430 40,355 60,079 1,475 2,024 146,667 
 
 Current period gross charge-offs — — 197 — — — — — 197 
 
 Consumer $ — $ — $ — $ — $ — $ — $ — $ — $ — 
 Pass — — — — — — — — — 
 Special mention — — — — — — — — — 
 Classified — — — — — — — — — 
 
 Current period gross charge-offs — — — — — — — — — 
 

 23 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 Total loans subject to risk rating $ 1,853,207 $ 3,807,014 $ 1,948,637 $ 1,421,508 $ 2,345,879 $ 2,249,393 $ 1,787,166 $ 29,169 $ 15,441,973 
 Pass 1,831,565 3,738,186 1,909,367 1,374,575 2,250,939 2,133,222 1,731,726 22,352 14,991,932 
 Special mention 7,577 27,888 21,810 19,070 39,051 28,250 29,755 — 173,401 
 Classified 14,065 40,940 17,460 27,863 55,889 87,921 25,685 6,817 276,640 
 
 Current period gross charge-offs 552 278 542 689 839 721 343 1,399 5,363 
 

 
 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 
 
 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 
 

 24 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 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: 
 
 Term Loans Amortized Cost Basis by Origination Year 
 2026 2025 2024 2023 2022 Prior Revolving Loans Revolving Loans Converted to Term Total
Loans 
 June 30, 2026 
 Commercial and industrial $ 15,711 $ — $ — $ — $ — $ — $ — $ — $ 15,711 
 Performing Loans 15,711 — — — — — — — 15,711 
 Non-Performing Loans — — — — — — — — — 
 
 Current period gross charge-offs — — — — — — — — — 
 
 Construction and land development $ 23,006 $ 57,584 $ 14,925 $ 5,129 $ 4,475 $ 11,241 $ 516 $ 1,233 $ 118,109 
 Residential 20,435 49,628 12,586 — 330 1,842 375 1,233 86,429 
 Performing Loans 20,435 49,625 12,586 — 330 1,842 375 1,233 86,426 
 Non-Performing Loans — 3 — — — — — — 3 
 

 25 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 Current period gross charge-offs — — — — — — — — — 
 
 Other $ 2,571 $ 7,956 $ 2,339 $ 5,129 $ 4,145 $ 9,399 $ 141 $ — $ 31,680 
 Performing Loans 2,571 7,910 2,339 5,100 3,845 9,399 141 — 31,305 
 Non-Performing Loans — 46 — 29 300 — — — 375 
 
 Current period gross charge-offs — — — — — 1 — — 1 
 
 Real Estate - 1-4 Family Mortgage $ 121,697 $ 320,029 $ 208,793 $ 332,131 $ 758,080 $ 1,165,804 $ 598,004 $ 16,669 $ 3,521,207 
 First lien 120,744 318,570 204,843 330,139 754,953 1,159,900 28 — 2,889,177 
 Performing Loans 120,744 317,368 203,550 323,720 734,111 1,132,525 28 — 2,832,046 
 Non-Performing Loans — 1,202 1,293 6,419 20,842 27,375 — — 57,131 
 
 Current period gross charge-offs — — 47 164 117 56 — — 384 
 
 Junior lien $ 953 $ 1,459 $ 3,835 $ 1,631 $ 2,422 $ 3,945 $ 49 $ — $ 14,294 
 Performing Loans 953 1,459 3,825 1,631 2,422 3,628 49 — 13,967 
 Non-Performing Loans — — 10 — — 317 — — 327 
 
 Current period gross charge-offs — — — — — 11 — — 11 
 
 Home equity $ — $ — $ 115 $ 361 $ 705 $ 1,959 $ 597,927 $ 16,669 $ 617,736 
 Performing Loans — — 115 182 705 1,821 597,690 15,067 615,580 
 Non-Performing Loans — — — 179 — 138 237 1,602 2,156 
 
 Current period gross charge-offs — — — — — 21 — 178 199 
 
 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 $ 24,976 $ 21,428 $ 9,228 $ 5,948 $ 4,337 $ 11,751 $ 21,405 $ 99 $ 99,172 
 Performing Loans 24,976 21,398 9,228 5,932 4,315 11,635 21,405 99 98,988 
 Non-Performing Loans — 30 — 16 22 116 — — 184 
 
 Current period gross charge-offs — 194 21 44 7 175 37 171 649 
 
 Total loans not subject to risk rating $ 185,390 $ 399,041 $ 232,946 $ 343,208 $ 766,892 $ 1,188,796 $ 619,925 $ 18,001 $ 3,754,199 
 Performing Loans 185,390 397,760 231,643 336,565 745,728 1,160,850 619,688 16,399 3,694,023 
 Non-Performing Loans — 1,281 1,303 6,643 21,164 27,946 237 1,602 60,176 
 

 26 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 Current period gross charge-offs — 194 68 208 124 264 37 349 1,244 
 

 
 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 
 
 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 — — — — — — — — — 

 27 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 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 
 

 
 
 28 

 
 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 Note 5 – Allowance for Credit Losses 
 (In Thousands) 
 Allowance for Credit Losses on Loans 
 As of June 30, 2026 and December 31, 2025, the Company had accrued interest receivable for loans of $ 67,986 and $ 54,395 , respectively, which is recorded in the “Other assets” line item on the Consolidated Balance Sheets. 
 The following tables provide a roll-forward of the allowance for credit losses by loan category and 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 June 30, 2026 
 Allowance for credit losses: 
 Beginning balance $ 65,814 $ 36,969 $ 66,653 $ 37,441 $ 84,380 $ 4,605 $ 295,862 
 Initial allowance for credit losses on loans acquired during the period 
 1,750 — — — — — 1,750 
 Charge-offs ( 2,223 ) — ( 402 ) ( 227 ) ( 176 ) ( 319 ) ( 3,347 ) 
 Recoveries 382 2 133 7 18 35 577 
 Net (charge-offs) recoveries ( 1,841 ) 2 ( 269 ) ( 220 ) ( 158 ) ( 284 ) ( 2,770 ) 
 Provision for (recovery of) credit losses on loans 1,634 2,914 453 ( 1,274 ) ( 2,463 ) ( 98 ) 1,166 
 Ending balance $ 67,357 $ 39,885 $ 66,837 $ 35,947 $ 81,759 $ 4,223 $ 296,008 
 Six Months Ended June 30, 2026 
 Allowance for credit losses: 
 Beginning balance $ 57,831 $ 31,359 $ 61,249 $ 38,961 $ 99,605 $ 4,950 $ 293,955 
 Initial allowance for credit losses on loans acquired during the period 
 1,750 — — — — — 1,750 
 Charge-offs ( 3,293 ) ( 1 ) ( 927 ) ( 1,363 ) ( 374 ) ( 649 ) ( 6,607 ) 
 Recoveries 532 2 159 683 81 63 1,520 
 Net (charge-offs) recoveries ( 2,761 ) 1 ( 768 ) ( 680 ) ( 293 ) ( 586 ) ( 5,087 ) 
 Provision for (recovery of) credit losses on loans 10,537 8,525 6,356 ( 2,334 ) ( 17,553 ) ( 141 ) 5,390 
 Ending balance $ 67,357 $ 39,885 $ 66,837 $ 35,947 $ 81,759 $ 4,223 $ 296,008 
 
 Nonaccruing loans with no allowance for credit losses $ 22,859 $ 4,032 $ 2,312 $ 4,446 $ 28,062 $ — $ 61,711 

 29 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 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 June 30, 2025 
 Allowance for credit losses: 
 Beginning balance $ 41,884 $ 20,845 $ 48,101 $ 17,826 $ 68,781 $ 6,494 $ 203,931 
 Initial impact of purchased credit deteriorated loans acquired during the period 7,140 2,185 203 4,059 9,904 2 23,493 
 Charge-offs ( 8,217 ) ( 105 ) ( 319 ) — ( 3,944 ) ( 394 ) ( 12,979 ) 
 Recoveries 631 — 37 56 60 141 925 
 Net (charge-offs) recoveries ( 7,586 ) ( 105 ) ( 282 ) 56 ( 3,884 ) ( 253 ) ( 12,054 ) 
 Provision for (recovery of) credit losses on loans 19,972 7,369 13,150 9,186 25,866 ( 143 ) 75,400 
 Ending balance $ 61,410 $ 30,294 $ 61,172 $ 31,127 $ 100,667 $ 6,100 $ 290,770 
 Six Months Ended June 30, 2025 
 Allowance for credit losses: 
 Beginning balance $ 41,864 $ 19,200 $ 45,498 $ 16,993 $ 71,664 $ 6,537 $ 201,756 
 Initial impact of purchased credit deteriorated loans acquired during the period 7,140 2,185 203 4,059 9,904 2 23,493 
 Charge-offs ( 8,310 ) ( 106 ) ( 628 ) — ( 4,405 ) ( 659 ) ( 14,108 ) 
 Recoveries 1,597 1 70 58 64 389 2,179 
 Net (charge-offs) recoveries ( 6,713 ) ( 105 ) ( 558 ) 58 ( 4,341 ) ( 270 ) ( 11,929 ) 
 Provision for (recovery of) credit losses on loans 19,119 9,014 16,029 10,017 23,440 ( 169 ) 77,450 
 Ending balance $ 61,410 $ 30,294 $ 61,172 $ 31,127 $ 100,667 $ 6,100 $ 290,770 
 
 Nonaccruing loans with no allowance for credit losses $ 899 $ 2,331 $ 4,275 $ 4,700 $ 9,663 $ — $ 21,868 

 The Company recorded a provision for credit losses on loans of $ 1,166 and an initial provision of $ 1,750 for credit losses on loans associated with the portfolio acquisition during the second quarter of 2026, as compared to a provision for credit losses on loans of $ 75,400 recorded in the second quarter of 2025, which included the Day 1 provision associated with the merger with The First. The allowance for credit losses in the second quarter of 2026 remained adequate and relatively stable as compared to the prior quarter’s ACL balance. The increase attributable to loan growth, including both acquisition-related and organic growth, as well as changes in qualitative factors, was moderated by improvements in asset credit quality and the resolution of non-performing loans (individually reviewed loans). The Company’s allowance for credit losses model considers current economic conditions, 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: 
 30 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 Collateral Type 
 June 30, 2026 Real Estate Other Total Allowance for Credit Losses 
 Commercial and industrial $ — $ 46,939 $ 46,939 $ 9,302 
 Construction and land development 
 Residential 1,937 — 1,937 — 
 Other 2,095 — 2,095 — 
 Total construction and land development 4,032 — 4,032 — 
 Real estate - 1-4 family mortgage 
 First lien 2,312 — 2,312 — 
 Junior lien — — — — 
 Home equity 500 — 500 — 
 Total real estate – 1-4 family mortgage 2,812 — 2,812 — 
 Commercial real estate - owner occupied 12,665 — 12,665 3,116 
 Commercial real estate - non-owner occupied 
 Multi family — — — — 
 Other 42,411 — 42,411 5,745 
 Total commercial real estate - non-owner occupied 42,411 — 42,411 5,745 
 Consumer — — — — 
 Loans, net of unearned income $ 61,920 $ 46,939 $ 108,859 $ 18,163 

 
 Collateral Type 
 December 31, 2025 Real Estate Other Total Allowance for Credit Losses 
 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 decrease in collateral dependent loans and the allowance with respect thereto since December 31, 2025 is primarily due to a decrease in the number of loans requiring individual evaluation in the Construction and Land Development and Commercial Real Estate - Owner Occupied segments. 
 31 

 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 Allowance for Credit Losses on Unfunded Loan Commitments 
 The following table provides a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented. 
 
 Three months ended June 30, 2026 2025 
 Allowance for credit losses on unfunded loan commitments: 
 Beginning balance $ 33,683 $ 17,643 
 Provision for credit losses on unfunded loan commitments 2,633 5,922 
 Ending balance $ 36,316 $ 23,565 
 
 Six Months Ended June 30, 2026 2025 
 Allowance for credit losses on unfunded loan commitments: 
 Beginning balance $ 29,827 $ 14,943 
 Provision for credit losses on unfunded loan commitments 6,489 8,622 
 Ending balance $ 36,316 $ 23,565 

 The provision for credit losses on unfunded commitments in the second quarter of 2026 was primarily driven by growth in the balance of unfunded loan commitments in the commercial and industrial pool and the construction and land development pool. 
 
 Note 6 – Goodwill and Other Intangible Assets 
 (In Thousands) 
 The carrying amounts of goodwill by operating segments for the six months ended June 30, 2026 are set forth in the table below. 
 
 Community Banks Total 
 Balance at January 1, 2026 $ 1,405,840 $ 1,405,840 
 Acquisition of factoring business 10,871 $ 10,871 
 Other 827 827 
 Balance at June 30, 2026 $ 1,417,538 $ 1,417,538 

 The following table provides a summary of finite-lived intangible assets as of the dates presented: 
 
 Gross Carrying
Amount Accumulated
Amortization Net Carrying
Amount 
 June 30, 2026 
 Core deposit intangible $ 242,102 $ ( 113,716 ) $ 128,386 
 Customer relationship intangible 13,870 ( 5,934 ) 7,936 
 Contract-based intangible 1,800 ( 100 ) 1,700 
 Total finite-lived intangible assets $ 257,772 $ ( 119,750 ) $ 138,022 
 December 31, 2025 
 Core deposit intangible $ 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 

 
 
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 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 Amortization expense for finite-lived intangible assets is presented in the table below. 
 
 Three Months Ended Six Months Ended 
 June 30, June 30, 
 2026 2025 2026 2025 
 Amortization expense for: 
 Core deposit intangible $ 7,786 $ 8,622 $ 15,780 $ 9,440 
 Customer relationship intangible 484 262 710 524 
 Contract-based intangible 100 — 100 — 
 Total intangible amortization $ 8,370 $ 8,884 $ 16,590 $ 9,964 

 The estimated amortization expense of finite-lived intangible assets for the five succeeding fiscal years is summarized as follows: 
 
 Core Deposit Intangible Customer Relationship Intangible Contract-Based Intangible Total 
 2026 (July-December) $ 14,952 $ 1,183 $ 300 $ 16,435 
 2027 27,441 2,030 600 30,071 
 2028 23,337 1,664 600 25,601 
 2029 18,335 1,290 200 19,825 
 2030 15,169 883 — 16,052 
 Thereafter 29,152 886 — 30,038 
 Total $ 128,386 $ 7,936 $ 1,700 $ 138,022 

 
 
 
 Note 7 – Mortgage Servicing Rights 
 (In Thousands) 
 There was no valuation adjustment on mortgage servicing rights (“MSRs”) during the three or six months ended June 30, 2026 or 2025. 
 Changes in the Company’s MSRs were as follows: 
 
 2026 2025 
 Balance at January 1 $ 65,271 $ 72,991 
 Sale of MSRs — ( 7,886 ) 
 Additions 4,878 4,021 
 Amortization ( 4,333 ) ( 4,587 ) 
 
 Balance at June 30 
 $ 65,816 $ 64,539 

 
 
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 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 Data and key economic assumptions related to the Company’s MSRs are as follows as of the dates presented: 
 
 June 30, 2026 December 31, 2025 
 Unpaid principal balance $ 5,659,879 $ 5,648,033 
 
 Weighted-average prepayment speed (CPR) 9.43 % 10.90 % 
 Estimated impact of a 10% increase $ ( 2,954 ) $ ( 2,953 ) 
 Estimated impact of a 20% increase ( 5,715 ) ( 5,719 ) 
 
 Discount rate 9.87 % 9.85 % 
 Estimated impact of a 10% increase $ ( 3,675 ) $ ( 3,199 ) 
 Estimated impact of a 20% increase ( 7,067 ) ( 6,195 ) 
 
 Weighted-average coupon interest rate 4.66 % 4.59 % 
 Weighted-average servicing fee (basis points) 33.74 33.86 
 Weighted-average remaining maturity (in years) 7.4 6.8 

 The movement of mortgage interest rates has an inverse relationship with prepayment speeds and discount rates. 
 The Company recorded servicing fees of $ 3,071 and $ 3,001 for the three months ended June 30, 2026 and 2025, respectively, and $ 6,360 and $ 6,656 for the six months ended June 30, 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 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 six months ended June 30, 2026: 
 
 
 
 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 35.75 340,523 37.12 
 Vested — — ( 413,394 ) 34.57 
 Cancelled — — ( 27,410 ) 35.97 
 Nonvested at end of period 271,120 $ 34.88 1,107,912 $ 35.22 

 Unrecognized stock-based compensation expense related to restricted stock totaled $ 24,035 at June 30, 2026. As of such date, the weighted average period over which the unrecognized expense is expected to be recognized was approximately two years . 
 During the six months ended June 30, 2026, the Company reissued 216,712 shares from treasury in connection with awards of restricted stock. The Company recorded total stock-based compensation expense of $ 4,384 and $ 4,304 for the three months ended June 30, 2026 and 2025, respectively, and $ 9,858 and $ 8,084 for the six months ended June 30, 2026 and 2025, respectively. 
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 Notes to Consolidated Financial Statements (Unaudited) 

 There were no stock options granted or outstanding, and no compensation expense associated with options recorded, during the six months ended June 30, 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 June 30, 2026 December 31, 2025 
 Location Notional Amount Fair Value Notional Amount Fair Value 
 Derivative assets: 
 Interest rate contracts Other Assets $ 1,804,473 $ 20,504 $ 1,784,028 $ 28,590 
 Interest rate lock commitments Other Assets 119,473 1,941 92,881 1,419 
 Forward commitments Other Assets 124,000 405 33,000 53 
 Totals $ 2,047,946 $ 22,850 $ 1,909,909 $ 30,062 
 Derivative liabilities: 
 Interest rate contracts Other Liabilities $ 1,804,473 $ 20,504 $ 1,784,028 $ 28,595 
 Interest rate lock commitments Other Liabilities 3,772 6 5,904 14 
 Forward commitments Other Liabilities 100,000 312 196,000 593 
 Totals $ 1,908,245 $ 20,822 $ 1,985,932 $ 29,202 

 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 June 30, Six Months Ended June 30, 
 2026 2025 2026 2025 
 
 
 
 Interest rate lock commitments: 
 Included in mortgage banking income 453 525 530 1,973 
 Forward commitments: 
 Included in mortgage banking income ( 1,716 ) ( 2,033 ) 633 ( 4,552 ) 
 Total $ ( 1,263 ) $ ( 1,508 ) $ 1,163 $ ( 2,579 ) 

 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. The swap hedging strategy converts the variable interest rate on the forecasted borrowings to a fixed 
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 Notes to Consolidated Financial Statements (Unaudited) 

 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 June 30, 2026 December 31, 2025 
 Location Notional Amount Fair Value Notional Amount Fair Value 
 Derivative assets: 
 Interest rate swaps Other Assets $ 30,000 $ 768 $ 130,000 $ 16,907 
 Interest rate collars Other Assets — — 450,000 129 
 Total $ 30,000 $ 768 $ 580,000 $ 17,036 
 Derivative liabilities: 
 Interest rate swaps Other Liabilities $ 100,000 $ 53 $ — $ — 
 Interest rate collars Other Liabilities 450,000 10 — — 
 Totals $ 550,000 $ 63 $ — $ — 

 The impact on other comprehensive income for the three months ended June 30, 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 six months ended June 30, 2026 and 2025 is set forth in Note 12, “Other Comprehensive Income (Loss).” 
 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 notes 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” or “pay-fixed, receive-variable” interest rate swaps for the subordinated notes and available-for-sale securities hedges, respectively. The Company expects the hedges to remain effective during the remaining terms of the swaps which run through September 2031. 
 The following table provides a summary of the Company’s derivatives designated as fair value hedges as of the dates presented: 
 
 Balance Sheet June 30, 2026 December 31, 2025 
 Location Notional Amount Fair Value Notional Amount Fair Value 
 Derivative assets: 
 Interest rate swaps - subordinated notes Other Assets $ 100,000 $ 899 $ — $ — 
 Interest rate swaps - securities Other Assets 10,635 104 — — 
 Totals $ 110,635 $ 1,003 $ — $ — 
 Derivative liabilities: 
 Interest rate swaps - subordinated notes Other Liabilities $ — $ — $ 100,000 $ 12,280 
 Interest rate swaps - securities Other Liabilities 36,495 132 3,430 2 
 Totals $ 36,495 $ 132 $ 103,430 $ 12,282 

 
 
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 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 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 June 30, Six Months Ended June 30, 
 Location 2026 2025 2026 2025 
 Derivative liabilities: 
 Interest rate swaps - subordinated notes Interest Expense $ 431 $ 1,691 $ 404 $ 3,929 
 Interest rate swaps - securities Interest Income 467 — 510 — 
 
 Derivative liabilities - hedged items: 
 Interest rate swaps - subordinated notes Interest Expense $ ( 431 ) $ ( 1,691 ) $ ( 404 ) $ ( 3,928 ) 
 Interest rate swaps - securities Interest Income ( 467 ) — ( 510 ) — 
 

 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 June 30, 2026 December 31, 2025 June 30, 2026 December 31, 2025 
 Long-term debt $ 86,594 $ 86,911 $ 12,684 $ 12,280 
 Securities available for sale 41,280 17,780 516 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 for 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 risk participation agreements bought by the Company have a notional amount of $ 68,368 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 $ 251,499 and maturities between 2026 and 2032. 
 The maximum potential amount of future payments under these risk participation agreements as of June 30, 2026 was approximately $ 1,118 . This scenario would occur if variable interest rates were at zero percent and all counterparties defaulted with zero recovery. The fair value of risk participation agreements at June 30, 2026 and 2025 was immaterial. 
 Offsetting 
 Certain financial instruments, including derivatives, may be eligible for offset in the consolidated balance sheet when a “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 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 for derivatives transacted over the counter 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’s 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: 
 
 
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 Table of Contents 
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 Offsetting Derivative Assets Offsetting Derivative Liabilities 
 June 30,
2026 December 31, 2025 June 30,
2026 December 31, 2025 
 Gross amounts recognized $ 12,865 $ 21,867 $ 11,193 $ 17,650 
 Gross amounts offset in the Consolidated Balance Sheets — — — — 
 Net amounts presented in the Consolidated Balance Sheets 12,865 21,867 11,193 17,650 
 Gross amounts not offset in the Consolidated Balance Sheets 
 Financial instruments - derivative assets available for offset 11,165 17,110 11,165 17,110 
 Financial collateral (cash) pledged — — — 20 
 Net amounts $ 1,700 $ 4,757 $ 28 $ 520 

 
 
 
 Note 10 – Income Taxes 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 The effective tax rate was 20.0 % and 22.1 % for the six months ended June 30, 2026 and 2025, respectively. 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. The decrease in the effective tax rate was caused primarily by the Company’s continued investments in tax credits. 
 
 Note 11 – Fair Value Measurements 
 (In Thousands) 
 Fair Value Measurements and the Fair Value 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 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 obligations of 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 
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 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. 
 Contingent consideration : The Company, from time to time, may acquire a business with a portion of the consideration to be paid to the seller contingent on a future event occurring (for example, based on a certain level of profitability or a certain level of loan growth being achieved by the acquired business). Generally, this type of contingent consideration is classified as a liability. The Company values liability-classified contingent consideration using a discounted scenario-based methodology. Since this methodology is based on unobservable inputs, it is categorized within Level 3 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 
 June 30, 2026 
 Financial assets: 
 
 Securities available for sale $ — $ 2,842,424 $ — $ 2,842,424 
 Derivative instruments — 24,621 — 24,621 
 Mortgage loans held for sale in loans held for sale — 241,588 — 241,588 
 Total financial assets $ — $ 3,108,633 $ — $ 3,108,633 
 Financial liabilities: 
 Contingent consideration — — 6,327 6,327 
 Derivative instruments: — 21,017 — 21,017 
 Total financial liabilities $ — $ 21,017 $ 6,327 $ 27,344 

 
 
 
 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 six months ended June 30, 2026. 
 
 
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 Table of Contents 
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 Notes to Consolidated Financial Statements (Unaudited) 

 The following table presents information as of June 30, 2026 about significant unobservable inputs (Level 3) used in the valuation of liabilities measured at fair value on a recurring basis: 
 
 Financial liability Fair
Value Valuation Technique Significant
Unobservable Inputs Inputs 
 Contingent consideration $ 6,327 Discounted scenario-based probability-weighted cash flow 
 Probability of growth scenarios in factoring business 
 2 % - 51 % (range) 
 43 % (weighted average) 
 

 For the six months ended June 30, 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. The weighted average for the contingent consideration was calculated using a weighting based on relative fair value. 
 Uncertainty of Fair Value Measurements from Unobservable Inputs 
 A significant contraction of factoring relationships resulting from the factoring business acquired from REV Capital may cause a significant decrease in contingent consideration. A significant increase in the factoring relationships would not have a meaningful impact to the contingent consideration payable to REV Capital. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 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: 
 
 
 June 30, 2026 Level 1 Level 2 Level 3 Totals 
 Collateral dependent loans $ — $ — $ 26,712 $ 26,712 
 OREO — — 702 702 
 
 Total $ — $ — $ 27,414 $ 27,414 

 
 
 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 qualified independent valuations. For smaller business assets, they are typically valued based on internal valuations or based on valuations in 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. 
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 Table of Contents 
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 Notes to Consolidated Financial Statements (Unaudited) 

 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: 
 
 June 30,
2026 December 31, 2025 
 
 
 
 
 
 
 
 Carrying amount prior to remeasurement $ 921 $ 4,182 
 Impairment recognized in results of operations ( 219 ) ( 644 ) 
 Fair value $ 702 $ 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 June 30, 2026 and December 31, 2025. There were no valuation adjustments on MSRs during the six months ended June 30, 2026 or 2025. 
 The following table presents information as of June 30, 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 $ 26,712 Appraised value of collateral less estimated costs to sell Estimated costs to sell 10 % 
 
 OREO $ 702 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 $ 1,170 and net gain of $ 5,209 resulting from fair value changes of these mortgage loans were recorded in income during the six months ended June 30, 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 June 30, 2026 and December 31, 2025: 
 
 Aggregate
Fair Value Aggregate
Unpaid
Principal
Balance Difference 
 June 30, 2026 
 Mortgage loans held for sale measured at fair value $ 241,588 $ 237,639 $ 3,949 
 
 
 
 December 31, 2025 
 Mortgage loans held for sale measured at fair value $ 265,959 $ 260,841 $ 5,118 
 
 

 
 
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 Notes to Consolidated Financial Statements (Unaudited) 

 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: 
 
 
 Fair Value 
 As of June 30, 2026 Carrying
Value Level 1 Level 2 Level 3 Total 
 Financial assets 
 Cash and cash equivalents $ 881,203 $ 881,203 $ — $ — $ 881,203 
 Securities held to maturity 983,032 — 902,853 — 902,853 
 Securities available for sale 2,842,424 — 2,842,424 — 2,842,424 
 Loans held for sale 241,588 — 241,588 — 241,588 
 Loans, net 18,900,164 — — 18,776,911 18,776,911 
 Mortgage servicing rights 65,816 — — 87,479 87,479 
 Derivative instruments 24,621 — 24,621 — 24,621 
 Financial liabilities 
 Deposits $ 21,701,052 $ 21,690,697 $ — $ 21,690,697 
 Short-term borrowings 315,225 — 315,225 — 315,225 
 
 
 Junior subordinated debentures 141,185 — 127,686 — 127,686 
 Subordinated notes 655,284 — 657,165 — 657,165 
 Derivative instruments 21,017 — 21,017 — 21,017 
 Contingent consideration 6,327 — — 6,327 6,327 

 
 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 

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 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 June 30, 2026 
 Beginning balance $ ( 68,409 ) $ ( 38,482 ) $ 13,565 $ ( 6,298 ) $ ( 99,624 ) 
 Other comprehensive (loss) income before reclassification ( 9,195 ) 2,605 199 74 ( 6,317 ) 
 Amounts reclassified from accumulated other comprehensive income — — 842 — 842 
 Tax expense (benefit) 2,383 ( 667 ) ( 266 ) ( 19 ) 1,431 
 Net other comprehensive (loss) income ( 6,812 ) 1,938 775 55 ( 4,044 ) 
 Ending balance $ ( 75,221 ) $ ( 36,544 ) $ 14,340 $ ( 6,243 ) $ ( 103,668 ) 
 Three months ended June 30, 2025 
 Beginning balance $ ( 83,919 ) $ ( 46,780 ) $ 16,107 $ ( 7,029 ) $ ( 121,621 ) 
 Other comprehensive income (loss) before reclassification 9,040 2,840 ( 2,775 ) 100 9,205 
 Amounts reclassified from accumulated other comprehensive income — — 940 — 940 
 Tax (benefit) expense ( 2,282 ) ( 727 ) 470 ( 26 ) ( 2,565 ) 
 Net other comprehensive income (loss) 6,758 2,113 ( 1,365 ) 74 7,580 
 Ending balance $ ( 77,161 ) $ ( 44,667 ) $ 14,742 $ ( 6,955 ) $ ( 114,041 ) 
 
 
 
 
 
 
 
 
 
 
 
 
 

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 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 Unrealized 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 
 Six months ended June 30, 2026 
 Beginning balance $ ( 56,542 ) $ ( 40,435 ) $ 13,598 $ ( 6,353 ) $ ( 89,732 ) 
 Other comprehensive (loss) income before reclassification ( 25,086 ) 5,230 ( 686 ) 148 ( 20,394 ) 
 Amounts reclassified from accumulated other comprehensive income — — 1,683 — 1,683 
 Tax expense (benefit) 6,407 ( 1,339 ) ( 255 ) ( 38 ) 4,775 
 Net other comprehensive (loss) income ( 18,679 ) 3,891 742 110 ( 13,936 ) 
 Ending balance $ ( 75,221 ) $ ( 36,544 ) $ 14,340 $ ( 6,243 ) $ ( 103,668 ) 
 Six months ended June 30, 2025 
 Beginning balance $ ( 103,889 ) $ ( 49,045 ) $ 17,429 $ ( 7,103 ) $ ( 142,608 ) 
 Other comprehensive income (loss) before reclassification 35,727 5,884 ( 5,481 ) 199 36,329 
 Amounts reclassified from accumulated other comprehensive income — — 1,869 — 1,869 
 Tax (benefit) expense ( 8,999 ) ( 1,506 ) 925 ( 51 ) ( 9,631 ) 
 Net other comprehensive income (loss) 26,728 4,378 ( 2,687 ) 148 28,567 
 Ending balance $ ( 77,161 ) $ ( 44,667 ) $ 14,742 $ ( 6,955 ) $ ( 114,041 ) 

 
 
 
 
 
 
 
 

 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 June 30, Six Months Ended June 30, 
 Accumulated Other Comprehensive Income Component 2026 2025 2026 2025 Income Statement Line Item Affected 
 Gains on derivative instruments $ 842 $ 940 $ 1,683 $ 1,870 Interest income 
 Tax benefit ( 215 ) ( 240 ) ( 430 ) ( 477 ) Income taxes 
 Net of tax 627 700 1,253 1,393 
 Total reclassifications for the period, net of tax $ 627 $ 700 $ 1,253 $ 1,393 

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 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 
 June 30, 
 2026 2025 
 Basic 
 Net income applicable to common stock $ 87,091 $ 1,018 
 Average common shares outstanding 91,650,415 94,580,927 
 Net income per common share - basic $ 0.95 $ 0.01 
 Diluted 
 Net income applicable to common stock $ 87,091 $ 1,018 
 Average common shares outstanding 91,650,415 94,580,927 
 Effect of dilutive stock-based compensation 569,867 555,233 
 Average common shares outstanding - diluted 92,220,282 95,136,160 
 Net income per common share - diluted $ 0.94 $ 0.01 

 
 Six Months Ended 
 June 30, 
 2026 2025 
 Basic 
 Net income applicable to common stock $ 175,319 $ 42,536 
 Average common shares outstanding 92,666,370 79,209,073 
 Net income per common share - basic $ 1.89 $ 0.54 
 Diluted 
 Net income applicable to common stock $ 175,319 $ 42,536 
 Average common shares outstanding 92,666,370 79,209,073 
 Effect of dilutive stock-based compensation 552,980 462,702 
 Average common shares outstanding - diluted 93,219,350 79,671,775 
 Net income per common share - diluted $ 1.88 $ 0.53 

 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 
 June 30, 
 2026 2025 
 Number of shares 1,000 500 
 

 
 
 
 Six Months Ended 
 June 30, 
 2026 2025 
 Number of shares 1,000 1,400 
 

 
 
 
 
 
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 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 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. 
 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 June 30, 2026 
 Total interest income $ 340,407 $ 13 $ 340,420 $ 20 $ 340,440 
 Total interest expense 107,550 — 107,550 10,136 117,686 
 Net interest income (loss) $ 232,857 $ 13 $ 232,870 $ ( 10,116 ) $ 222,754 
 Provision for credit losses 3,799 — 3,799 — 3,799 
 Noninterest income 38,543 10,321 48,864 2,326 51,190 
 Salaries and employee benefits 89,824 4,990 94,814 1,414 96,228 
 Net occupancy and equipment 17,684 247 17,931 87 18,018 
 Other segment expenses (1) 
 45,150 1,670 46,820 435 47,255 
 Income (loss) before income taxes $ 114,943 $ 3,427 $ 118,370 $ ( 9,726 ) $ 108,644 
 Income tax expense (benefit) 23,705 356 24,061 ( 2,508 ) 21,553 
 Net income (loss) $ 91,238 $ 3,071 $ 94,309 $ ( 7,218 ) $ 87,091 
 Total assets $ 26,977,257 $ 9,467 $ 26,986,724 $ 18,275 $ 27,004,999 
 Goodwill 1,417,538 — 1,417,538 — 1,417,538 

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 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 
 Community
Banks Wealth
Management Total Segments Other Consolidated 
 Three months ended June 30, 2025 
 Total interest income $ 343,875 $ — $ 343,875 $ 23 $ 343,898 
 Total interest expense 116,242 — 116,242 8,797 125,039 
 Net interest income (loss) $ 227,633 $ — $ 227,633 $ ( 8,774 ) $ 218,859 
 Provision for credit losses 81,322 — 81,322 — 81,322 
 Noninterest income (loss) 41,424 7,406 48,830 ( 496 ) 48,334 
 Salaries and employee benefits 95,985 3,557 99,542 — 99,542 
 Net occupancy and equipment 17,112 214 17,326 33 17,359 
 Other segment expenses (2) 
 65,276 1,123 66,399 ( 96 ) 66,303 
 Income (loss) before income taxes $ 9,362 $ 2,512 $ 11,874 $ ( 9,207 ) $ 2,667 
 Income tax expense (benefit) 3,917 134 4,051 ( 2,402 ) 1,649 
 Net income (loss) $ 5,445 $ 2,378 $ 7,823 $ ( 6,805 ) $ 1,018 
 Total assets $ 26,598,942 $ 6,110 $ 26,605,052 $ 19,923 $ 26,624,975 
 Goodwill 1,419,782 — 1,419,782 — 1,419,782 

 
 Community
Banks Wealth
Management Total Segments Other Consolidated 
 Six months ended June 30, 2026 
 Total interest income $ 678,494 $ 27 $ 678,521 $ 39 $ 678,560 
 Total interest expense 214,985 — 214,985 17,262 232,247 
 Net interest income (loss) $ 463,509 $ 27 $ 463,536 $ ( 17,223 ) $ 446,313 
 Provision for credit losses 11,879 — 11,879 — 11,879 
 Noninterest income (loss) 77,646 20,054 97,700 3,762 101,462 
 Salaries and employee benefits 175,495 9,890 185,385 2,592 187,977 
 Net occupancy and equipment 35,378 497 35,875 174 36,049 
 Other segment expenses (1) 
 87,898 3,779 91,677 1,126 92,803 
 Income (loss) before income taxes $ 230,505 $ 5,915 $ 236,420 $ ( 17,353 ) $ 219,067 
 Income tax expense (benefit) 47,734 470 48,204 ( 4,456 ) 43,748 
 Net income (loss) $ 182,771 $ 5,445 $ 188,216 $ ( 12,897 ) $ 175,319 
 Total assets $ 26,977,257 $ 9,467 $ 26,986,724 $ 18,275 $ 27,004,999 
 Goodwill 1,417,538 — 1,417,538 — 1,417,538 

 
 Community
Banks Wealth
Management Total Segments Other Consolidated 
 Six months ended June 30, 2025 
 Total interest income $ 564,182 $ — $ 564,182 46 $ 564,228 
 Total interest expense 195,876 — 195,876 15,296 211,172 
 Net interest income (loss) $ 368,306 $ — $ 368,306 $ ( 15,250 ) $ 353,056 
 Provision for credit losses 86,072 — 86,072 — 86,072 
 Noninterest income (loss) 70,785 14,881 85,666 ( 937 ) 84,729 
 Salaries and employee benefits 164,139 7,360 171,499 — 171,499 
 Net occupancy and equipment 28,662 418 29,080 33 29,113 
 Other segment expenses (2) 
 93,962 2,104 96,066 402 96,468 
 Income (loss) before income taxes $ 66,256 $ 4,999 $ 71,255 $ ( 16,622 ) $ 54,633 
 Income tax expense (benefit) 16,120 237 16,357 ( 4,260 ) 12,097 
 Net income (loss) $ 50,136 $ 4,762 $ 54,898 $ ( 12,362 ) $ 42,536 
 Total assets $ 26,598,942 $ 6,110 $ 26,605,052 $ 19,923 $ 26,624,975 
 Goodwill 1,419,782 — 1,419,782 — 1,419,782 

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 Table of Contents 
 Renasant Corporation 
 Notes to Consolidated Financial Statements (Unaudited) 

 (1) Other segment expenses for Community Banks include data processing, other real estate owned, legal and professional fees, advertising and public relations, intangible amortization, communications 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. 
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 ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 
 (In Thousands, Except Share Data) 
 This Form 10-Q may contain or incorporate by reference statements regarding Renasant Corporation (referred to herein as the “Company”, “Renasant”, “we”, “our”, or “us”) that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects”, “projects,” “anticipates,” “intends,” “estimates,” “plans,” “potential,” “focus,” “possible,” “may increase,” “may fluctuate,” “will likely result,” or similar expressions, or future or conditional verbs such as “will,” “should,” “would” and “could,” are generally forward-looking in nature and not historical facts. Forward-looking statements include information about the Company’s future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. The Company’s management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements, and such differences may be material. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. 
 Important factors currently known to management that could cause our actual results to differ materially from those in forward-looking statements include the following: (i) our ability to efficiently integrate acquisitions into our operations, retain the customers of these businesses, grow the acquired operations and realize the cost savings expected from an acquisition to the extent and in the timeframe anticipated by management (including the possibility that such cost savings will not be realized when expected, or at all, as a result of the impact of, or challenges arising from, the integration of the acquired assets and assumed liabilities into the Company, potential adverse reactions or changes to business or employee relationships, or as a result of other unexpected factors or events); (ii) potential exposure to unknown or contingent risks and liabilities we have acquired or may acquire; (iii) the effect of economic conditions and interest rates on a national, regional or international basis; (iv) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (v) our ability to remediate the material weakness in the Company’s internal control over financial reporting identified in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2026; (vi) competitive pressures in the consumer finance, commercial finance, financial services, asset management, retail banking, factoring, mortgage lending and auto lending industries; (vii) the financial resources of, and products available from, competitors; (viii) changes in laws and regulations as well as changes in accounting standards; (ix) changes in governmental and regulatory policy, whether applicable specifically to financial institutions or impacting the United States generally (such as, for example, changes in trade policy); (x) changes in the securities and foreign exchange markets; (xi) the Company’s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xii) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio; (xiii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiv) changes in the sources and costs of the capital we use to make loans and otherwise fund our operations, due to deposit outflows, changes in the mix of deposits and the cost and availability of borrowings; (xv) general economic, market or business conditions, including the impact of inflation; (xvi) changes in demand for loan and deposit products and other financial services; (xvii) concentrations of credit or deposit exposure; (xviii) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xix) losses resulting from fraudulent activity, including loan and deposit fraud and social engineering attacks targeting our customers, employees and third party vendors; (xx) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses, including as a result of sophisticated attacks using artificial intelligence (“AI”) and similar tools; (xxi) civil unrest, natural disasters, epidemics and other catastrophic events in the Company’s geographic area; (xxii) geopolitical conditions, including acts or threats of terrorism and actions taken by the United States or other governments in response to acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; (xxiii) the impact, extent and timing of technological changes, including the rapid development of AI technologies; and (xxiv) other circumstances, many of which are beyond management’s control. 
 The Company undertakes no obligation, and specifically disclaims any obligation, to update or revise forward-looking statements, whether as a result of new information or to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by federal securities laws. 
 
 
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 Financial Condition 
 The following discussion provides details regarding the changes in significant balance sheet accounts at June 30, 2026 compared to December 31, 2025. 
 Assets 
 
 Assets June 30, 2026 December 31, 2025 $ Change % Change 
 Cash and cash equivalents $ 881,203 $ 1,070,718 $ (189,515) (17.7) % 
 Securities held to maturity, at amortized cost 983,032 1,030,073 (47,041) (4.6) 
 Securities available for sale, at fair value 2,842,424 2,560,818 281,606 11.0 
 Loans held for sale, at fair value 241,588 265,959 (24,371) (9.2) 
 Loans held for investment 19,196,172 19,047,039 149,133 0.8 
 Allowance for credit losses (296,008) (293,955) (2,053) 0.7 
 Loans, net 18,900,164 18,753,084 147,080 0.8 
 Premises and equipment 464,020 465,141 (1,121) (0.2) 
 Other real estate owned, net 15,571 15,191 380 2.5 
 Goodwill 1,417,538 1,405,840 11,698 0.8 
 Other intangible assets, net 138,022 146,612 (8,590) (5.9) 
 Bank-owned life insurance 495,235 492,541 2,694 0.5 
 Mortgage servicing rights, net 65,816 65,271 545 0.8 
 Other assets 560,386 480,178 80,208 16.7 
 Total assets $ 27,004,999 $ 26,751,426 $ 253,573 0.9 % 

 Investments 
 The securities portfolio is used to meet liquidity needs and to supply securities to be used in collateralizing certain deposits and certain types of borrowings. The securities portfolio also serves as an outlet to deploy excess liquidity and generate interest income rather than hold excess funds as cash. The following table shows the carrying value of our securities portfolio by investment type and the percentage of such investment type relative to the entire securities portfolio as of the dates presented: 
 
 June 30, 2026 December 31, 2025 
 Balance Percentage of
Portfolio Balance Percentage of
Portfolio 
 
 
 Obligations of states and political subdivisions $ 555,445 14.52 % $ 552,209 15.38 % 
 Mortgage-backed securities 2,882,868 75.36 2,642,946 73.60 
 
 Other debt securities 387,175 10.12 395,768 11.02 
 
 $ 3,825,488 100.00 % $ 3,590,923 100.00 % 
 Allowance for credit losses - held to maturity securities (32) (32) 
 Securities, net of allowance for credit losses $ 3,825,456 $ 3,590,891 

 The Company purchased $541,398 and $946,095 in investment securities during the six months ended June 30, 2026 and 2025, respectively. 
 Proceeds from maturities, calls and principal payments on securities during the first six months of 2026 totaled $287,997. Proceeds from the maturities, calls and principal payments on securities during the first six months of 2025 totaled $165,377. No gain or loss on sales of securities was recorded in the first half of 2026 or 2025. 
 During the third quarter of 2022, the Company transferred, at fair value, $882,927 of securities from the available for sale portfolio to the held to maturity portfolio as the Company has the intent and ability to hold these securities until their maturity. The related net unrealized losses of $99,675 (after tax losses of $74,307) remained in accumulated other comprehensive income (loss) and will be amortized over the remaining life of the securities, offsetting the related amortization of discount on the transferred securities. At June 30, 2026, the net unrealized after tax losses remaining to be amortized in accumulated other comprehensive income (loss) was $36,544. No gains or losses were recognized at the time of transfer. 
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 Table of Contents 

 For more information about the Company’s security portfolio, see Note 3, “Securities,” in the Notes to Consolidated Financial Statements of the Company in Item 1, Financial Statements, in this report. 
 Loans Held for Sale 
 Mortgage loans to be sold are sold either on a “best efforts” basis or under a mandatory delivery sales agreement. Under a “best efforts” sales agreement, residential real estate originations are locked in at a contractual rate with third party private investors or directly with government sponsored agencies, and the Company is obligated to sell the mortgages to such investors only if the mortgages are closed and funded. The risk we assume is conditioned upon loan underwriting and market conditions in the national mortgage market. Under a mandatory delivery sales agreement, the Company commits to deliver a certain principal amount of mortgage loans to an investor at a specified price and delivery date. Penalties are paid to the investor if we fail to satisfy the contract. Gains and losses are realized at the time consideration is received and all other criteria for sales treatment have been met. Our standard practice is to sell the loans within approximately 45 days after the loan is funded. Although loan fees and some interest income are derived from mortgage loans held for sale, the main source of income is gains from the sale of these loans in the secondary market. 
 Loans 
 The table below sets forth the balance of loans outstanding, net of unearned income and excluding loans held for sale, by loan type and the percentage of each loan type to total loans as of the dates presented: 
 
 June 30, 2026 December 31, 2025 
 Total
Loans Percentage of Total Loans Total
Loans Percentage of Total Loans 
 Commercial and industrial $ 3,063,069 15.96 % $ 2,818,326 14.79 % 
 Construction and land development 
 Residential 416,894 2.17 % 382,773 2.01 % 
 Other 1,592,770 8.30 % 1,522,863 8.00 % 
 Total construction and land development 2,009,664 10.47 1,905,636 10.01 % 
 Real estate – 1-4 family mortgage: 
 First lien 3,788,776 19.74 % 3,844,097 20.18 % 
 Junior lien 53,068 0.28 % 52,943 0.28 % 
 Home equity 726,195 3.78 % 737,993 3.87 % 
 Total real estate – 1-4 family mortgage 4,568,039 23.80 4,635,033 24.33 % 
 Commercial real estate - owner occupied 3,332,728 17.36 3,334,664 17.51 % 
 Commercial real estate - non-owner occupied 
 Multi family 1,161,071 6.05 % 1,392,779 7.31 % 
 Other 4,962,429 25.84 % 4,852,701 25.48 % 
 Total commercial real estate - non-owner occupied 6,123,500 31.89 % 6,245,480 32.79 
 Consumer 99,172 0.52 % 107,900 0.57 % 
 Total loans, net of unearned income $ 19,196,172 100.00 % $ 19,047,039 100.00 % 

 Loan concentrations are considered to exist when there are loans to a number of borrowers engaged in similar activities that would cause them to be similarly impacted by economic or other conditions. At June 30, 2026, there were no concentrations of loans exceeding 10% of total loans other than loans disclosed in the table above. As the above table demonstrates, non-owner occupied commercial mortgage term loans was our largest concentration of loans at June 30, 2026. The following table provides additional detail, broken down by collateral type, about the segments within this loan category as of such date. 
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 June 30, 2026 
 Balance Average Loan Size Percentage of Total Loans Weighted-Average Loan-to-Value Percentage 30-89 Days Past Due Percentage
Non-performing 
 Hotels $ 743,780 $ 4,925 3.87 % 56 % — % — % 
 Self Storage 588,784 3,129 3.07 55 — — 
 Multi Family 1,161,071 2,332 6.05 54 — 0.10 
 Office - Medical 426,106 2,189 2.22 56 0.04 — 
 Office - Non-Medical 412,846 867 2.15 55 0.06 3.10 
 Retail 1,370,762 1,516 7.14 54 — 0.09 
 Senior Housing 291,442 5,820 1.52 60 — 7.75 
 Warehouse/Industrial 952,528 2,456 4.96 52 0.03 0.79 
 Other 176,181 1,340 0.92 54 — 0.25 
 Total non-owner occupied commercial mortgage term loans $ 6,123,500 $ 2,038 31.90 % 55 % 0.01 % 0.75 % 

 Note: Weighted-average loan-to-value is calculated using the most recent appraisal available. 
 Deposits 
 
 Deposits June 30, 2026 December 31, 2025 $ Change % Change 
 Noninterest-bearing deposits $ 5,038,070 $ 5,043,960 $ (5,890) (0.1) % 
 Interest-bearing deposits 16,662,982 16,429,110 233,872 1.4 
 Total deposits $ 21,701,052 $ 21,473,070 $ 227,982 1.1 % 

 The Company relies on deposits as its primary source of funds. Management continues to focus on growing and maintaining a stable source of funding, specifically noninterest-bearing deposits and other core deposits (that is, deposits excluding brokered deposits). Noninterest-bearing deposits represented 23.22% of total deposits at June 30, 2026, as compared to 23.49% of total deposits at December 31, 2025. The slight decrease in noninterest-bearing deposits as a percentage of total deposits primarily reflects the growth in interest-bearing deposits. Under certain circumstances, management may elect to acquire non-core deposits (in the form of brokered deposits) or public fund deposits (which are deposits of counties, municipalities or other political subdivisions). The source of funds that we select depends on the terms of the deposits and how those terms assist us in mitigating interest rate risk, maintaining our liquidity position and managing our net interest margin; business factors, described in the following paragraph, may lead us to obtain public deposits. Accordingly, funds are acquired to meet anticipated funding needs at the rate and with other terms that, in management’s view, best address our interest rate risk, liquidity and net interest margin parameters. 
 Public fund deposits may be readily obtained based on the Company’s pricing bid in comparison with competitors’. Because public fund deposits are obtained through a bid process, these deposit balances may fluctuate as competitive and market forces change. Although the Company has focused on growing stable sources of deposits to reduce reliance on public fund deposits, it participates in the bidding process for public fund deposits when pricing and other terms make it reasonable given market conditions or when management perceives that other factors, such as the public entity’s use of our treasury management or other products and services, make such participation advisable. Our public fund transaction accounts are principally obtained from public universities and municipalities, including school boards and utilities. Public fund deposits were $3,797,144 and $3,784,489 at June 30, 2026 and December 31, 2025, respectively. 
 Borrowed Funds 
 
 Borrowed Funds June 30, 2026 December 31, 2025 $ Change % Change 
 Short-term borrowings $ 315,225 $ 555,774 $ (240,549) (43.3) % 
 Long-term debt 796,469 499,756 296,713 59.4 
 Total borrowings $ 1,111,694 $ 1,055,530 $ 56,164 5.3 % 

 Total borrowings may include federal funds purchased, securities sold under agreements to repurchase, advances from the Federal Home Loan Bank of Dallas (the “FHLB”), borrowings from the Federal Reserve Discount Window, subordinated notes 
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 Table of Contents 

 and junior subordinated debentures and are classified on the Consolidated Balance Sheets as either short-term borrowings or long-term debt. Short-term borrowings have original maturities less than one year and typically consist of federal funds purchased, securities sold under agreements to repurchase, and short-term FHLB advances, while long-term debt typically consists of long-term FHLB advances, our junior subordinated debentures and our subordinated notes. Due to deposit growth during the first half of 2026, the Company was able to pay down a portion of its FHLB advances. The following table presents our short-term borrowings by type as of the dates presented: 
 
 Short-Term Borrowings June 30, 2026 December 31, 2025 
 Security repurchase agreements $ 5,225 $ 5,774 
 
 Short-term borrowings from the FHLB 310,000 550,000 
 
 Total short-term borrowings $ 315,225 $ 555,774 

 The following table presents our long-term debt by type as of the dates presented: 
 
 Long-Term Debt June 30, 2026 December 31, 2025 
 
 Junior subordinated debentures $ 141,185 $ 140,632 
 Subordinated notes 655,284 359,124 
 Total long-term debt $ 796,469 $ 499,756 

 Long-term funds obtained from the FHLB are used to match-fund fixed rate loans in order to minimize interest rate risk and to meet day-to-day liquidity needs, particularly when the cost of such borrowing compares favorably to the rates that we would be required to pay to attract deposits (which has not been the case in recent periods). Advances from the FHLB are collateralized by a blanket lien on the Bank’s loans. The Company ha d $5,519,985 available on unused lines of credit with the FHLB at June 30, 2026, as compared to $5,574,759 at December 31, 2025. The Company also had credit available at the Federal Reserve Discount Window in the amount of $1,067,639. 
 The Company has issued subordinated notes, and the Company owns the outstanding common securities of business trusts that issued corporation-obligated mandatorily redeemable preferred capital securities to third-party investors, the proceeds of which were used to buy floating rate junior subordinated debentures issued by the Company (or by companies that the Company subsequently acquired). During the second quarter of 2026, the Company completed a subordinated debt offering, issuing $300,000,000 aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “2036 Notes”). The proceeds generated by the Company’s subordinated notes and trust preferred securities transactions, including the proceeds of the 2036 Notes, have been used for general corporate purposes, including providing capital to support the Company’s growth organically or through strategic acquisitions, repaying indebtedness and financing investments and capital expenditures, and for investments in Renasant Bank (sometimes referred to herein as the “Bank”) as regulatory capital. The subordinated notes and trust preferred securities qualify as Tier 2 capital under current regulatory guidelines. 
 
 Results of Operations 
 Mergers and Acquisitions 
 On April 1, 2025 the Company completed its merger with The First Bancshares, Inc. (“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. For more information, including the fair value of assets acquired and liabilities assumed, see Note 2, “Mergers and Acquisitions,” in the Notes to Consolidated Financial Statements of the Company in Item 1, Financial Statements, in this report. 
 The Company’s acquisition of The First on April 1, 2025 had a significant impact on our results of operations for the six months ended June 30, 2026 as compared to the same period in 2025, and is the primary driver of the six-month period-over-period change as indicated throughout this section. 
 Net Income 
 
 Three months ended June 30, 
 Net Income and Earnings per Share 2026 2025 $ Change % Change 
 Net income $ 87,091 $ 1,018 $ 86,073 8455.1 % 
 Basic earnings per share 0.95 0.01 0.94 9400.0 
 Diluted earnings per share 0.94 0.01 0.93 9300.0 
 

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 Six months ended June 30, 
 2026 2025 $ Change % Change 
 Net income $ 175,319 $ 42,536 $ 132,783 312.2 % 
 Basic earnings per share 1.89 0.54 1.35 250.0 
 Diluted earnings per share 1.88 0.53 1.35 254.7 

 From time to time, the Company incurs expenses and charges or recognizes valuation adjustments in connection with certain transactions with respect to which management is unable to accurately predict when these items will be incurred or, when incurred, the amount of such items. There were no such items incurred in the three and six months ended June 30, 2026. The following table presents the impact of these items on reported earnings per share (“EPS”) for the three and six months ended June 30, 2025. 
 
 Three Months Ended 
 June 30, 2025 
 Pre-tax After-tax Impact to Diluted EPS 
 Merger and conversion related expenses $ (20,479) $ (15,875) $ (0.17) 
 Day 1 acquisition provision (66,612) (50,026) (0.53) 
 
 
 Gain on sale of MSR 1,467 1,102 0.01 
 
 
 
 Six Months Ended 
 June 30, 2025 
 Pre-tax After-tax Impact to Diluted EPS 
 Merger and conversion related expenses $ (21,270) $ (16,470) $ (0.21) 
 Day 1 acquisition provision (66,612) (50,026) (0.63) 
 
 
 Gain on sale of MSR 1,467 1,102 0.01 
 
 

 Net Interest Income 
 Net interest income, the difference between interest earned on assets and the cost of interest-bearing liabilities, is the largest component of our net income, comprising 81.64% of total revenue (i.e., net interest income on a fully taxable equivalent basis and noninterest income) for the second quarter of 2026 and 81.80% of total revenue for the first half of 2026. Changes in net interest income are driven by fluctuations in the volume, mix and repricing of assets and liabilities. 
 
 Three months ended June 30, 
 Net Interest Income (tax equivalent basis) 2026 2025 $ Change % Change 
 Loans $ 299,675 $ 306,433 $ (6,758) (2.2) % 
 Securities 35,660 28,408 7,252 25.5 
 Other 5,105 9,057 (3,952) (43.6) 
 Total interest income $ 340,440 $ 343,898 $ (3,458) (1.0) % 
 Deposits 106,398 111,921 (5,523) (4.9) 
 Borrowings 11,288 13,118 (1,830) (14.0) 
 Total interest expense $ 117,686 $ 125,039 $ (7,353) (5.9) % 
 Net interest income $ 222,754 $ 218,859 $ 3,895 1.8 % 
 
 Net interest income (tax equivalent basis) $ 227,657 $ 222,717 $ 4,940 2.2 % 
 

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 Six months ended June 30, 
 2026 2025 $ Change % Change 
 Loans $ 597,948 $ 506,007 $ 91,941 18.2 % 
 Securities 67,926 40,525 27,401 67.6 
 Other 12,686 17,696 (5,010) (28.3) 
 Total interest income $ 678,560 $ 564,228 $ 114,332 20.3 % 
 Deposits 210,258 191,307 18,951 9.9 
 Borrowings 21,989 19,865 2,124 10.7 
 Total interest expense $ 232,247 $ 211,172 $ 21,075 10.0 % 
 Net interest income $ 446,313 $ 353,056 $ 93,257 26.4 % 
 
 Net interest income (tax equivalent basis) 456,081 360,149 95,932 26.6 % 

 The following tables set forth average balance sheet data, including all major categories of interest-earning assets and interest-bearing liabilities, together with the interest earned or interest paid and the average yield or average rate paid on each such category on a tax-equivalent basis for the periods presented: 
 
 Three Months Ended June 30, 
 2026 2025 
 Average
Balance Interest
Income/
Expense Yield/
Rate Average
Balance Interest
Income/
Expense Yield/
Rate 
 Assets 
 Loans held for investment $ 19,060,083 $ 300,112 6.31 % $ 18,448,000 $ 304,834 6.63 % 
 Loans held for sale 223,489 3,329 5.96 287,855 4,639 6.45 
 Securities: 
 Taxable 3,472,422 29,691 3.42 3,106,565 24,917 3.21 
 Tax-exempt (1) 
 445,249 7,106 6.38 462,732 4,309 3.72 
 Interest-bearing balances with banks 600,075 5,105 3.41 901,803 9,057 4.03 
 Total interest-earning assets 23,801,318 345,343 5.82 23,206,955 347,756 6.01 
 Cash and due from banks 264,246 357,338 
 Intangible assets 1,546,924 1,589,490 
 Other assets 1,187,805 1,029,082 
 Total assets $ 26,800,293 $ 26,182,865 
 Liabilities and shareholders’ equity 
 Interest-bearing liabilities: 
 Deposits: 
 Interest-bearing demand (2) 
 $ 11,647,640 $ 72,261 2.49 % $ 11,191,443 $ 76,542 2.74 % 
 Savings deposits 1,307,314 944 0.29 1,322,007 1,032 0.31 
 
 Time deposits 3,760,192 33,193 3.54 3,404,482 34,347 4.05 
 Total interest-bearing deposits 16,715,146 106,398 2.55 15,917,932 111,921 2.82 
 Borrowed funds 891,081 11,288 5.07 1,036,045 13,118 5.07 
 Total interest-bearing liabilities 17,606,227 117,686 2.68 16,953,977 125,039 2.96 
 Noninterest-bearing deposits 5,038,879 5,233,976 
 Other liabilities 303,586 249,861 
 Shareholders’ equity 3,851,601 3,745,051 
 Total liabilities and shareholders’ equity $ 26,800,293 $ 26,182,865 
 Net interest income/net interest margin $ 227,657 3.83 % $ 222,717 3.85 % 

 (1) U.S. Government and some U.S. Government Agency securities are tax-exempt in the states in which the Company operates. 
 (2) Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits. 
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 Six Months Ended June 30, 
 2026 2025 
 Average
Balance Interest
Income/
Expense Yield/
Rate Average
Balance Interest
Income/
Expense Yield/
Rate 
 Assets 
 Interest-earning assets: 
 Loans held for investment $ 19,047,668 $ 599,237 6.34 % $ 15,722,576 $ 504,338 6.47 % 
 Loans held for sale 217,531 6,205 5.71 244,626 7,647 6.25 
 Securities: 
 Taxable 3,426,904 58,552 3.42 2,498,428 35,888 2.87 
 Tax-exempt (1) 
 439,053 11,648 5.31 361,827 5,752 3.18 
 Interest-bearing balances with banks 711,273 12,686 3.60 863,486 17,696 4.13 
 Total interest-earning assets 23,842,429 688,328 5.81 19,690,943 571,321 5.84 
 Cash and due from banks 277,356 270,088 
 Intangible assets 1,547,581 1,297,622 
 Other assets 1,160,309 850,231 
 Total assets $ 26,827,675 $ 22,108,884 
 Liabilities and shareholders’ equity 
 Interest-bearing liabilities: 
 Deposits: 
 Interest-bearing demand (2) 
 $ 11,694,228 $ 144,286 2.49 % $ 9,522,800 $ 131,252 2.78 % 
 Savings deposits 1,298,370 1,820 0.28 1,069,134 1,743 0.33 
 
 Time deposits 3,672,555 64,152 3.52 2,941,920 58,312 3.99 
 Total interest-bearing deposits 16,665,153 210,258 2.54 13,533,854 191,307 2.85 
 Borrowed funds 931,871 21,989 4.74 797,714 19,865 5.00 
 Total interest-bearing liabilities 17,597,024 232,247 2.66 14,331,568 211,172 2.97 
 Noninterest-bearing deposits 5,063,710 4,326,445 
 Other liabilities 296,952 229,098 
 Shareholders’ equity 3,869,989 3,221,773 
 Total liabilities and shareholders’ equity $ 26,827,675 $ 22,108,884 
 Net interest income/net interest margin $ 456,081 3.85 % $ 360,149 3.68 % 

 (1) U.S. Government and some U.S. Government Agency securities are tax-exempt in the states in which the Company operates. 
 (2) Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits. 
 The daily average balances of nonaccruing assets are included in the foregoing tables. Interest income and weighted average yields on tax-exempt loans and securities have been computed on a fully tax equivalent basis assuming a federal tax rate of 21%, and for loans, a state tax rate of 4.45%, which is net of federal tax benefit. 
 Net interest income and net interest margin are influenced by internal and external factors. Internal factors include balance sheet changes in volume and mix as well as loan and deposit pricing decisions. External factors include changes in market interest rates, competition and the shape of the interest rate yield curve. The addition of The First’s loan portfolio and strong organic loan growth in 2025 were the largest contributing factors to the increase in net interest income for the three and six months ended June 30, 2026, as compared to the same periods in 2025. Lower interest rates, driven by the Federal Reserve’s rate cuts in late 2025, and the addition of The First’s deposits generated a positive impact to both the cost and mix of our funding sources. The Company has continued its efforts to mitigate increases in the cost of funding, whether due to competition or otherwise, through maintaining noninterest-bearing deposits and staying disciplined yet competitive in pricing on interest-bearing deposits in the current rate environment. 
 
 
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 The following table sets forth a summary of the changes in interest earned, on a tax equivalent basis, and interest paid resulting from changes in volume and rates for the Company for the three and six months ended June 30, 2026, as compared to the same periods in 2025 (the changes attributable to the combined impact of yield/rate and volume have been allocated on a pro-rata basis using the absolute value of amounts calculated): 
 
 Three Months Ended June 30, 2026 Compared to the Three Months Ended June 30, 2025 
 Volume Rate Net 
 Interest income: 
 Loans held for investment $ 10,068 $ (14,790) $ (4,722) 
 Loans held for sale (978) (332) (1,310) 
 Securities: 
 Taxable 3,069 1,705 4,774 
 Tax-exempt (168) 2,965 2,797 
 Interest-bearing balances with banks (2,707) (1,245) (3,952) 
 Total interest-earning assets 9,284 (11,697) (2,413) 
 Interest expense: 
 Interest-bearing demand deposits 2,986 (7,267) (4,281) 
 Savings deposits (13) (75) (88) 
 
 Time deposits 3,403 (4,557) (1,154) 
 Borrowed funds (1,830) — (1,830) 
 Total interest-bearing liabilities 4,546 (11,899) (7,353) 
 Change in net interest income $ 4,738 $ 202 $ 4,940 
 
 Six Months Ended June 30, 2026 Compared to the Six Months Ended June 30, 2025 
 Volume Rate Net 
 Interest income: 
 Loans held for investment $ 105,178 $ (10,279) $ 94,899 
 Loans held for sale (810) (632) (1,442) 
 Securities: 
 Taxable 14,953 7,711 22,664 
 Tax-exempt 1,425 4,471 5,896 
 Interest-bearing balances with banks (2,899) (2,111) (5,010) 
 Total interest-earning assets 117,847 (840) 117,007 
 Interest expense: 
 Interest-bearing demand deposits 27,735 (14,701) 13,034 
 Savings deposits 356 (279) 77 
 Brokered deposits — — — 
 Time deposits 13,263 (7,423) 5,840 
 Borrowed funds 3,194 (1,070) 2,124 
 Total interest-bearing liabilities 44,548 (23,473) 21,075 
 Change in net interest income $ 73,299 $ 22,633 $ 95,932 

 The aforementioned rate cuts by the Federal Reserve in the second half of 2025 resulted in a decline in interest income on loans and interest-bearing balances with banks, which was the primary driver of the decrease in interest income, on a tax equivalent basis, for the three months ended June 30, 2026, as compared to the same time period in 2025. The addition of The First’s earning assets was the primary driver of the increase in interest income, on a tax equivalent basis, for the six months ended June 30, 2026, as compared to the same time period in 2025. 
 
 
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 The following tables present the percentage of total average earning assets, by type and yield, for the periods presented: 
 
 Percentage of Total Average Earning Assets Yield 
 Three Months Ended Three Months Ended 
 June 30, June 30, 
 2026 2025 2026 2025 
 Loans held for investment 80.08 % 79.49 % 6.31 % 6.63 % 
 Loans held for sale 0.94 1.24 5.96 6.45 
 Securities 16.46 15.38 3.76 3.28 
 Interest-bearing balances with banks 2.52 3.89 3.41 4.03 
 Total earning assets 100.00 % 100.00 % 5.82 % 6.01 % 

 
 
 
 Percentage of Total Average Earning Assets Yield 
 Six Months Ended Six Months Ended 
 June 30, June 30, 
 2026 2025 2026 2025 
 Loans held for investment 79.89 % 79.85 % 6.34 % 6.47 % 
 Loans held for sale 0.91 1.24 5.71 6.25 
 Securities 16.21 14.53 3.63 2.91 
 Interest-bearing balances with banks 2.99 4.38 3.60 4.13 
 Total earning assets 100.00 % 100.00 % 5.81 % 5.84 % 

 For the second quarter of 2026, interest income on loans held for investment, on a tax equivalent basis, decreased $4,722 to $300,112 from $304,834 for the same period in 2025. For the six months ended June 30, 2026, interest income on loans held for investment, on a tax equivalent basis, increased $94,899 to $599,237 from $504,338 for the same period in 2025. The decrease in interest income on loans held for investment for the second quarter of 2026 as compared to the same period in 2025 is due to the aforementioned rate cuts by the Federal Reserve. The increase in interest income on loans held for investment for the six months ended June 30, 2026, as compared to the same period in 2025, was driven largely by the addition of $5,173,334 in loans held for investment through our merger with The First on April l, 2025, resulting in an increase of $4,774,908 in the year-to-date average balance of loans held for investment from June 2025. 
 The impact from interest income collected on problem loans and purchase accounting adjustments on loans to total interest income on loans held for investment, loan yield and net interest margin is shown in the following table for the periods presented. 
 
 Three Months Ended Six Months Ended 
 June 30, June 30, 
 2026 2025 2026 2025 
 Net interest income collected on problem loans $ 1,166 $ 2,779 $ 1,376 $ 3,805 
 Accretable yield recognized on purchased loans 12,327 17,834 27,575 18,392 
 Total impact to interest income on loans $ 13,493 $ 20,613 $ 28,951 $ 22,197 
 Impact to loan yield 0.28 % 0.45 % 0.30 % 0.29 % 
 Impact to net interest margin 0.22 % 0.27 % 0.24 % 0.17 % 

 Investment income, on a tax equivalent basis, increased $7,571 to $36,797 for the second quarter of 2026 from $29,226 for the second quarter of 2025. Investment income, on a tax equivalent basis, increased $28,560 for the six months ended June 30, 2026 to $70,200 from $41,640 for the same period in 2025. The increase in investment income, on a tax equivalent basis, for the second quarter of 2026, as compared to the same period in 2025, was driven by a higher average balance of securities. Accelerated bond discount accretion also contributed $2,672 to net interest income in the second quarter of 2026. The increase in investment income, on a tax equivalent basis, for the six months ended June 30, 2026, as compared to the same period in 2025, was primarily due to the acquisition of The First’s investment portfolio. The tax equivalent yield on the investment portfolio for the second quarter of 2026 was 3.76%, up 48 basis points from 3.28% for the same period in 2025. The tax equivalent yield on the investment portfolio for the six months ended June 30, 2026 was 3.63%, up 72 basis points from 2.91% for the same period in 2025. 
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 Interest expense was $117,686 for the second quarter of 2026 as compared to $125,039 for the same period in 2025. Interest expense was $232,247 for the six months ended June 30, 2026 as compared to $211,172 for the same period in 2025. The decrease in interest expense for the second quarter of 2026 as compared to the same period in 2025 was driven largely by the aforementioned rate cuts during the second half of 2025. The increase in interest expense for the first half of 2026 as compared to the first half of 2025 was primarily due to the assumption of The First’s deposits and borrowed funds. 
 The following table presents, by type, the Company’s funding sources, which consist of total average deposits and borrowed funds, and the total cost of each funding source for the periods presented: 
 
 Percentage of Total Average Deposits and Borrowed Funds Cost of Funds 
 Three Months Ended Three Months Ended 
 June 30, June 30, 
 2026 2025 2026 2025 
 Noninterest-bearing demand 22.25 % 23.59 % — % — % 
 Interest-bearing demand 51.44 50.44 2.49 2.74 
 Savings 5.77 5.96 0.29 0.31 
 
 Time deposits 16.60 15.34 3.54 4.05 
 Borrowed funds 3.94 4.67 5.07 5.07 
 Total deposits and borrowed funds 100.00 % 100.00 % 2.08 % 2.26 % 

 
 Percentage of Total Average Deposits and Borrowed Funds Cost of Funds 
 Six Months Ended Six Months Ended 
 June 30, June 30, 
 2026 2025 2026 2025 
 Noninterest-bearing demand 22.35 % 23.19 % — % — % 
 Interest-bearing demand 51.61 51.04 2.49 2.78 
 Savings 5.73 5.73 0.28 0.33 
 
 Time deposits 16.21 15.77 3.52 3.99 
 Borrowed funds 4.10 % 4.27 4.74 5.00 
 Total deposits and borrowed funds 100.00 % 100.00 % 2.07 % 2.28 % 

 The cost of total deposits was 1.96% and 2.12% for the second quarter of 2026 and 2025, respectively, and 1.95% and 2.16% for the six months ended June 30, 2026 and 2025, respectively. The cost of total deposits for both the second quarter and the first half of 2026 was affected by the aforementioned rate cuts by the Federal Reserve. The increase in deposit expense and decrease in cost for the first half of 2026 as compared to the first half of 2025 is attributable to the acquisition of The First’s deposits. The Company has continued its efforts to maintain non-interest bearing deposits. Low cost deposits continue to be the preferred choice of funding; however, the Company may rely on brokered deposits or wholesale borrowings when advantageous, to address liquidity needs or as otherwise deemed advisable due to market conditions. 
 The increase in interest expense on borrowings for the six months ended June 30, 2026 is due to higher average short-term borrowings and the additional subordinated notes and other long-term borrowings added as a result of the merger with The First. 
 A more detailed discussion of the cost of our funding sources is set forth below under the heading “Liquidity and Capital Resources” in this Item. 
 
 
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 Noninterest Income 
 
 Three months ended June 30, 
 Noninterest Income 2026 2025 $ Change % Change 
 Service charges on deposit accounts $ 14,516 $ 13,618 $ 898 6.6 % 
 Fees and commissions 5,471 6,650 (1,179) (17.7) 
 Wealth management revenue 9,073 7,345 1,728 23.5 
 Mortgage banking income 9,178 11,263 (2,085) (18.5) 
 BOLI income 4,608 3,383 1,225 36.2 
 Other 8,344 6,075 2,269 37.3 
 Total noninterest income $ 51,190 $ 48,334 $ 2,856 5.9 % 
 
 Noninterest income to average assets 0.77% 0.74% 
 
 Six months ended June 30, 
 2026 2025 $ Change % Change 
 Service charges on deposit accounts $ 29,256 $ 23,982 $ 5,274 22.0 % 
 Fees and commissions 10,125 10,437 (312) (3.0) 
 Wealth management revenue 17,751 14,412 3,339 23.2 
 Mortgage banking income 18,613 19,410 (797) (4.1) 
 BOLI income 8,297 6,312 1,985 31.4 
 Other 17,420 10,176 7,244 71.2 
 Total noninterest income $ 101,462 $ 84,729 $ 16,733 19.7 % 
 
 Noninterest income to average assets 0.76 % 0.77 % 

 Total noninterest income includes fees generated from deposit services and other fees and commissions, income from our wealth management and mortgage banking operations and all other noninterest income. Other noninterest income includes income from our SBA banking division, our capital markets division, dividends earned on our stock in the Federal Home Loan Bank and the Federal Reserve Bank, and other miscellaneous income and can fluctuate based on production in our SBA banking and capital markets divisions and recognition of other seasonal income items. Our focus is to develop and enhance our products that generate noninterest income in order to diversify revenue sources. The acquisition of The First’s operations was the primary driver of the increase in noninterest income for the six months ended June 30, 2026 as compared to the same period in 2025. 
 Our Wealth Management segment consists of our trust division, retail financial services division and Park Place Capital Corporation (“Park Place Capital”), a wholly-owned subsidiary of Renasant. The trust division operates on a custodial basis, which includes the administration of benefit plans, as well as accounting for trust accounts. The division administers a number of trust accounts inclusive of personal and corporate benefit accounts, IRAs, and custodial accounts. Fees for these services are based on the market value of assets under management, and vary according to the services provided and the type of account. The retail financial services division is operated by registered representatives, who offer investment and insurance products to bank branch customers. These representatives are licensed and supervised by an unaffiliated third-party broker-dealer. Park Place Capital, a SEC-registered investment advisor, provides investment management, financial planning and institutional advisory services to retail and institutional clients and serves as advisor and sponsor to a mutual fund complex. Park Place Capital Securities Corporation, a FINRA member broker-dealer, is a wholly-owned subsidiary of Park Place Capital and conducts Park Place Capital’s brokerage-related services. The market value of assets under management or administration was $7,654,995 and $7,347,104 at June 30, 2026 and June 30, 2025, respectively. 
 Mortgage banking income is derived from the origination and sale of mortgage loans and the servicing of mortgage loans that the Company has sold but retained the right to service. Although loan fees and some interest income are derived from mortgage loans held for sale, the main source of income is gains from the sale of these loans in the secondary market. Originations of mortgage loans to be sold totaled $410,416 in the second quarter of 2026 compared to $491,627 for the same period in 2025. Originations of mortgage loans to be sold totaled $752,952 in the six months ended June 30, 2026 compared to $794,785 for the same period in 2025. The table below presents the components of mortgage banking income included in noninterest income for the periods presented. 
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 Three Months Ended June 30, Six Months Ended June 30, 
 Mortgage Banking Income 2026 2025 2026 2025 
 Gain on sales of loans, net (1) 
 $ 4,760 $ 5,316 $ 10,065 $ 9,816 
 Fees, net 3,470 3,740 6,312 6,057 
 Mortgage servicing income, net (2) 
 948 2,207 2,236 3,537 
 
 
 Mortgage banking income, net $ 9,178 $ 11,263 $ 18,613 $ 19,410 

 (1) Gain on sales of loans, net includes pipeline fair value adjustments 
 (2) Mortgage servicing income, net includes gain on sale of MSR 
 Noninterest Expense 
 Three months ended June 30, 
 Noninterest Expense 2026 2025 $ Change % Change 
 Salaries and employee benefits $ 96,228 $ 99,542 $ (3,314) (3.3) % 
 Data processing 5,037 5,438 (401) (7.4) 
 Net occupancy and equipment 18,018 17,359 659 3.8 
 Other real estate owned 453 157 296 188.5 
 Professional fees 4,518 4,223 295 7.0 
 Advertising and public relations 4,677 4,490 187 4.2 
 Intangible amortization 8,370 8,884 (514) (5.8) 
 Communications 3,566 3,184 382 12.0 
 Merger and conversion related expenses — 20,479 (20,479) (100.0) 
 Other 20,634 19,448 1,186 6.1 
 Total noninterest expense $ 161,501 $ 183,204 $ (21,703) (11.8) % 
 
 Noninterest expense to average assets 2.42 % 2.81 % 
 
 Six months ended June 30, 
 2026 2025 $ Change % Change 
 Salaries and employee benefits $ 187,977 $ 171,499 $ 16,478 9.6 % 
 Data processing 10,258 9,527 731 7.7 
 Net occupancy and equipment 36,049 29,113 6,936 23.8 
 Other real estate owned 1,852 842 1,010 120.0 
 Professional fees 8,920 7,107 1,813 25.5 
 Advertising and public relations 9,276 8,787 489 5.6 
 Intangible amortization 16,590 9,964 6,626 66.5 
 Communications 7,575 5,217 2,358 45.2 
 Merger and conversion related expenses — 21,270 (21,270) (100.0) 
 Other 38,332 33,754 4,578 13.6 
 Total noninterest expense $ 316,829 $ 297,080 $ 19,749 6.6 % 
 
 Noninterest expense to average assets 2.38 % 2.71 % 

 Other noninterest expense includes business development and travel expenses, other discretionary expenses, loan fees expense and other miscellaneous fees and operating expenses. The decrease in noninterest expense for the second quarter of 2026 as compared to the same period in 2025 is due to the lack of merger and conversion related expenses in the second quarter of 2026 as well as the realization of cost savings in salaries and employee benefits and data processing driven primarily by synergies realized from the acquisition of The First. At the same time, the acquisition of The First’s operations was the primary driver of the increase in noninterest expense for the six months ended June 30, 2026 as compared to the same period in 2025. 
 
 
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 Efficiency Ratio 
 
 Efficiency Ratio 
 Three Months Ended June 30, Six Months Ended June 30, 
 2026 2025 2026 2025 
 Efficiency ratio 57.92 % 67.59 % 56.83 % 66.78 % 
 
 
 
 
 
 
 
 

 
 
 The efficiency ratio is a measure of productivity in the banking industry. (This ratio is a measure of our ability to turn expenses into revenue. That is, the ratio is designed to reflect the percentage of one dollar that we must expend to generate a dollar of revenue.) The Company calculates this ratio by dividing noninterest expense by the sum of net interest income on a fully tax equivalent basis and noninterest income. The improvement in our efficiency ratio for the three and six months ended June 30, 2026 as compared to the same periods in 2025 was driven by revenue growth while at the same time controlling noninterest expenses and eliminating duplicative expenses during the integration of The First. 
 Income Taxes 
 
 Three months ended June 30, 
 2026 2025 $ Change % Change 
 Income taxes $ 21,553 $ 1,649 $ 19,904 1,207.0 % 
 
 Six months ended June 30, 
 2026 2025 $ Change % Change 
 Income taxes $ 43,748 $ 12,097 $ 31,651 261.6 % 

 The increase in the Company’s income before income taxes for the three and six months ended June 30, 2026 as compared to the same periods in 2025 was the primary driver of the increase in income taxes. 
 
 Risk Management 
 
 Nonperforming Assets . Nonperforming assets consist of nonperforming loans and other real estate owned. Nonperforming loans are loans on which the accrual of interest has stopped and loans that are contractually 90 days past due on which interest continues to accrue. Generally, the accrual of interest is discontinued when the full collection of principal or interest is in doubt or when the payment of principal or interest has been contractually 90 days past due, unless the obligation is both well secured and in the process of collection. Management, the Company’s problem asset resolution committee and our loan review staff closely monitor loans that are considered to be nonperforming. 
 Other real estate owned consists of properties acquired through foreclosure or acceptance of a deed in lieu of foreclosure. These properties are carried at the lower of cost or fair market value based on appraised value less estimated selling costs. Losses and gains arising at the time of foreclosure of properties are charged against or credited to, as applicable, the allowance for credit losses. Reductions in the carrying value subsequent to acquisition are charged to earnings and are included in “Other real estate owned” in the Consolidated Statements of Income. 
 The following table provides details of the Company’s nonperforming assets as of the dates presented. 
 
 June 30, 2026 December 31, 2025 
 Nonaccruing loans $ 186,432 $ 175,730 
 Accruing loans past due 90 days or more 51 288 
 Total nonperforming loans 186,483 176,018 
 Other real estate owned 15,571 15,191 
 Total nonperforming loans and OREO $ 202,054 $ 191,209 
 Nonperforming loans to total loans 0.97 % 0.92 % 
 Nonaccruing loans to total loans 0.97 % 0.92 % 
 Nonperforming assets to total assets 0.75 % 0.71 % 

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 The following table presents nonperforming loans by loan category as of the dates presented: 
 
 June 30,
2026 December 31, 2025 
 Commercial and industrial $ 46,225 $ 28,002 
 Construction and land development 
 Residential 1,940 2,033 
 Other 3,995 5,697 
 Total construction and land development 5,935 7,730 
 Real estate – 1-4 family mortgage: 
 First lien 61,520 60,874 
 Junior lien 1,833 1,483 
 Home equity 3,077 3,074 
 Total real estate – 1-4 family mortgage 66,430 65,431 
 Commercial real estate - owner occupied 21,962 31,303 
 Commercial real estate - non-owner occupied 
 Multi family 1,212 785 
 Other 44,535 42,610 
 Total commercial real estate - non-owner occupied 45,747 43,395 
 Consumer 184 157 
 Loans, net of unearned income $ 186,483 $ 176,018 

 
 
 Management has evaluated the aforementioned loans and other loans classified as nonperforming and believes that all nonperforming loans have been adequately reserved for in the allowance for credit losses on loans at June 30, 2026. Management also continually monitors past due loans for potential credit quality deterioration. Total loans 30-89 days past due on which interest was still accruing were $31,141 at June 30, 2026 as compared to $89,162 at December 31, 2025. 
 Allowance for Credit Losses on Loans; Provision for Credit Losses on Loans . The allowance for credit losses is available to absorb credit losses inherent in the loans held for investment portfolio. Loan losses are charged against the allowance for credit losses when management confirms the uncollectability of a loan balance. Subsequent recoveries, if any, are credited to the allowance. The provision for credit losses on loans charged to operating expense is an amount that, in the judgment of management, is necessary to maintain the allowance for credit losses on loans at a level adequate to meet the inherent risks of losses in our loan portfolio. Management evaluates the adequacy of the allowance on a quarterly basis. The following table presents the allocation of the allowance for credit losses on loans and the percentage of each loan category to the total allowance for each of the periods presented. 
 
 June 30, 2026 December 31, 2025 June 30, 2025 
 Balance % of Total Balance % of Total Balance % of Total 
 Commercial and industrial $ 67,357 22.76 % $ 57,831 19.67 % $ 61,410 21.12 % 
 Construction and land development 39,885 13.47 31,359 10.67 30,294 10.42 
 Real estate - 1-4 family mortgage 66,837 22.58 61,249 20.84 61,172 21.04 
 Commercial real estate - owner occupied 35,947 12.14 38,961 13.25 31,127 10.71 
 Commercial real estate - non owner occupied 81,759 27.62 99,605 33.88 100,667 34.61 
 Consumer 4,223 1.43 4,950 1.69 6,100 2.10 
 Total $ 296,008 100.00 % $ 293,955 100.00 % $ 290,770 100.00 % 

 The increase in the allowance for credit losses as of June 30, 2026 as compared to December 31, 2025 was primarily driven by loan growth, including both acquisition-related and organic growth, coupled with changes in the macroeconomic environment and qualitative factors partially moderated by improvements in the asset credit quality. Provisioning for select residential-related pools increased due to the risk of a potential period of economic stagnation accompanied by persistent inflationary pressures as well as declines in collateral value. The Company’s allowance for credit loss considers current conditions, economic projections, primarily the national unemployment rate and GDP over a reasonable and supportable period of two years, historical loss data, and environmental factors. For more information about the allowance for credit losses, see the “Critical Accounting Estimates” section in this Item below. The Company recorded a provision for credit losses on loans of $1,166 or 0.02% of average loans (annualized), for the three months ended June 30, 2026, as compared to $75,400, or 1.64% of 
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 average loans (annualized), during the three months ended June 30, 2025. The provision for credit losses on loans in the second quarter of 2025 was primarily driven by the Day 1 acquisition provision related to the merger with The First. The table below reflects the activity in the allowance for credit losses on loans for the periods presented: 
 
 Three Months Ended Six Months Ended 
 June 30, June 30, 
 2026 2025 2026 2025 
 Balance at beginning of period $ 295,862 $ 203,931 $ 293,955 $ 201,756 
 Initial allowance for purchased loans with more than insignificant credit deterioration existing at the date of acquisition 1,750 23,493 1,750 23,493 
 Charge-offs 
 Commercial and industrial (2,223) (8,217) (3,293) (8,310) 
 Construction and land development — (105) (1) (106) 
 Real estate – 1-4 family mortgage (402) (319) (927) (628) 
 Commercial real estate - owner occupied (227) — (1,363) — 
 Commercial real estate - non-owner occupied (176) (3,944) (374) (4,405) 
 Consumer (319) (394) (649) (659) 
 Total charge-offs (3,347) (12,979) (6,607) (14,108) 
 Recoveries 
 Commercial and industrial 382 631 532 1,597 
 Construction and land development 2 — 2 1 
 Real estate – 1-4 family mortgage 133 37 159 70 
 Commercial real estate - owner occupied 7 56 683 58 
 Commercial real estate - non-owner occupied 18 60 81 64 
 Consumer 35 141 63 389 
 Total recoveries 577 925 1,520 2,179 
 Net charge-offs (2,770) (12,054) (5,087) (11,929) 
 Provision for credit losses on loans 1,166 75,400 5,390 77,450 
 Balance at end of period $ 296,008 $ 290,770 $ 296,008 $ 290,770 
 
 Provision for credit losses on loans (annualized) to average loans 0.02 % 1.64 % 0.06 % 0.99 % 
 Net charge-offs (annualized) to average loans 0.06 % 0.26 % 0.05 % 0.15 % 
 Net charge-offs (annualized) to allowance for credit losses on loans 3.75 % 16.63 % 3.47 % 8.27 % 
 Allowance for credit losses on loans to: 
 Total loans 1.54 % 1.57 % 1.54 % 1.57 % 
 Nonperforming loans 158.73 % 204.97 % 158.73 % 204.97 % 
 Nonaccrual loans 158.78 % 210.70 % 158.78 % 210.70 % 
 Nonaccrual loans to total loans: 0.97 % 0.74 % 0.97 % 0.74 % 

 
 
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 The table below reflects annualized net (charge-offs) recoveries to daily average loans outstanding, by loan category, for the periods presented: 
 
 Six Months Ended 
 June 30, 2026 June 30, 2025 
 Net (Charge-offs) Recoveries Average Loans Annualized Net Charge-offs to Average Loans Net (Charge-offs) Recoveries Average Loans Annualized Net Charge-offs to Average Loans 
 Commercial and industrial $ (2,761) $ 2,948,716 (0.19)% $ (6,713) $ 2,354,967 (0.57)% 
 Construction and land development 1 1,928,485 —% (105) 1,590,102 (0.01)% 
 Real estate – 1-4 family mortgage (768) 4,575,425 (0.03)% (558) 4,017,048 (0.03)% 
 Commercial real estate - owner occupied (680) 3,331,488 (0.04)% 58 2,590,085 —% 
 Commercial real estate - non-owner occupied (293) 6,160,974 (0.01)% (4,341) 5,064,458 (0.17)% 
 Consumer (586) 102,580 (1.15)% (270) 105,916 (0.51)% 
 Total $ (5,087) $ 19,047,668 (0.05)% $ (11,929) $ 15,722,576 (0.15)% 

 
 
 Allowance for Credit Losses on Unfunded Commitments; Provision for Credit Losses on Unfunded Commitments . The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets. Management estimates the amount of expected losses on unfunded loan commitments by calculating a likelihood of funding over the contractual period for exposures that are not unconditionally cancellable by the Company and applying the loss factors used in the allowance for credit losses on loans methodology described above to unfunded commitments for each loan type. No credit loss estimate is reported for off-balance-sheet credit exposures that are unconditionally cancellable by the Company. A roll-forward of the allowance for credit losses on unfunded commitments is shown in the tables below. 
 
 Three Months Ended June 30, 2026 2025 
 Allowance for credit losses on unfunded loan commitments: 
 Beginning balance $ 33,683 $ 17,643 
 Provision for credit losses on unfunded loan commitments 2,633 5,922 
 Ending balance $ 36,316 $ 23,565 
 
 Six Months Ended June 30, 2026 2025 
 Allowance for credit losses on unfunded loan commitments: 
 Beginning balance $ 29,827 $ 14,943 
 
 Provision for credit losses on unfunded loan commitments 6,489 8,622 
 Ending balance $ 36,316 $ 23,565 

 The decrease in provision for credit losses on unfunded commitments in the three and six months ended June 30, 2026 as compared to the same periods in 2025 was primarily driven by the absence of the Day 1 acquisition provision associated with our merger with The First recorded in 2025. 
 
 Interest Rate Risk 
 Market risk is the risk of loss from adverse changes in market prices and rates. The majority of assets and liabilities of a financial institution are monetary in nature and therefore differ greatly from most commercial and industrial companies that have significant investments in fixed assets and inventories. Our market risk arises primarily from interest rate risk inherent in lending, investing and deposit-taking activities. Management believes a significant impact on the Company’s financial results stems from our ability to react to changes in interest rates. A sudden and substantial change in interest rates may adversely impact our earnings because the interest rates borne by assets and liabilities do not change at the same speed, to the same extent or on the same basis. Changes in rates may also limit our liquidity, making it more costly for the Company to generate funds to make loans and to satisfy customers wishing to withdraw deposits. 
 Because of the impact of interest rate fluctuations on our profitability and liquidity, we actively monitor and manage our interest rate risk exposure. We have an Asset/Liability Committee (“ALCO”), which is comprised of various members of senior 
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 management and is authorized by the Board of Directors to monitor interest rate sensitivity and liquidity risk, over the short-, medium-, and long-term, and to make decisions relating to these processes. The ALCO’s goal is to structure our asset/liability composition to maximize net interest income while managing interest rate risk and preserving adequate liquidity so as to minimize the adverse impact of changes in interest rates on net interest income, liquidity and capital. We regularly monitor liquidity and stress our liquidity position in various simulated scenarios, which are incorporated in our contingency funding plan outlining different potential liquidity environments. The ALCO uses an asset/liability model as the primary quantitative tool in measuring the amount of interest rate risk associated with changing market rates. The model is used to perform both net interest income forecast simulations for multiple year horizons and economic value of equity (“EVE”) analyses, each under various interest rate scenarios. 
 Net interest income forecast simulations measure the short- and medium-term earnings exposure from changes in market interest rates in a rigorous and explicit fashion. Our current financial position is combined with assumptions regarding future business to calculate future net interest income under various hypothetical rate scenarios. EVE measures our long-term earnings exposure from changes in market rates of interest. EVE is defined as the present value of assets minus the present value of liabilities at a point in time for a given set of market rate assumptions. An increase in EVE due to a specified rate change indicates an improvement in the long-term earnings capacity of the balance sheet assuming that the rate change remains in effect over the life of the current balance sheet. 
 The following table presents the projected impact of a change in interest rates on (1) static EVE and (2) earnings at risk (that is, net interest income) for the 1-12 and 13-24 month periods commencing July 1, 2026, in each case as compared to the result under rates present in the market on June 30, 2026. The changes in interest rates assume an instantaneous and parallel shift in the yield curve and do not account for changes in the slope of the yield curve. 
 
 Percentage Change In: 
 Immediate Change in Rates of (in basis points): Economic Value Equity (EVE) Earning at Risk 
(Net Interest Income) 
 Static 1-12 Months 13-24 Months 
 
 +100 (0.46)% 3.88% 4.90% 
 -100 (1.60)% (4.06)% (5.40)% 
 -200 (6.94)% (7.57)% (11.26)% 

 
 
 The rate shock results for the net interest income simulations for the next 24 months produce an asset sensitive position at June 30, 2026. The preceding measures assume no change in the size or asset/liability compositions of the balance sheet, and they do not reflect future actions the ALCO may undertake in response to such changes in interest rates. 
 The scenarios assume instantaneous movements in interest rates in increments described in the table above. As interest rates are adjusted over time, it is our strategy to proactively change the volume and mix of our balance sheet in order to mitigate our interest rate risk. The computation of the prospective effects of hypothetical interest rate changes requires numerous assumptions, including asset prepayment speeds, the impact of competitive factors on our pricing of loans and deposits, the impact of market conditions on the securities yields and interest rates of our borrowings, how responsive our deposit repricing is to the change in market rates and the expected life of non-maturity deposits. These business assumptions are based upon our experience, business plans and published industry experience; however, such assumptions may not necessarily reflect the manner or timing in which cash flows, asset yields and liability costs respond to changes in market rates. Because these assumptions are inherently uncertain, actual results will differ from simulated results. 
 The Company utilizes derivative financial instruments, including interest rate contracts such as swaps, collars, caps and/or floors, risk participations, forward commitments, and interest rate lock commitments, as part of its ongoing efforts to mitigate its interest rate risk exposure. For more information about the Company’s derivatives, see the information under the heading “Loan Commitments and Other Off-Balance Sheet Arrangements” in the Liquidity and Capital Resources section below and Note 9, “Derivative Instruments,” in the Notes to Consolidated Financial Statements of the Company in Item 1, Financial Statements. The next section also details our available sources of liquidity, both on and off-balance sheet. 
 
 
 
 Liquidity and Capital Resources 
 Liquidity management is the ability to meet the cash flow requirements of customers who may be either depositors wishing to withdraw funds or borrowers needing assurance that sufficient funds will be available to meet their credit needs. 
 Core deposits, which are deposits excluding brokered deposits, are the major source of funds used by the Bank to meet cash flow needs. Maintaining the ability to acquire these funds as needed in a variety of markets is the key to assuring the Bank’s 
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 liquidity. We may also access the brokered deposit market where rates are favorable to other sources of liquidity (especially in light of collateral requirements for certain borrowings) and core deposits are not sufficient for meeting our current and anticipated short- or long-term liquidity needs. We did not hold any brokered deposits at June 30, 2026 or December 31, 2025. Management continually monitors the Bank’s liquidity and non-core dependency ratios to ensure compliance with targets established by the ALCO. 
 Our investment portfolio is another alternative for meeting liquidity needs. These assets generally have readily available markets that offer conversions to cash as needed. Within the next twelve months the securities portfolio is forecasted to generate cash flow through principal payments and maturities equal to approximately 13.32% of the carrying value of the total securities portfolio. Securities within our investment portfolio are also used to secure certain deposit types, short-term borrowings and derivative instruments. At June 30, 2026, securities with a carrying value of $1,638,865 were pledged to secure government, public fund and trust deposits and as collateral for short-term borrowings and derivative instruments as compared to securities with a carrying value of $1,760,542 similarly pledged at December 31, 2025. 
 Other sources available for meeting liquidity needs include federal funds purchased, short and long-term advances from the FHLB and borrowings from the Federal Reserve Discount Window. Interest is charged at the prevailing market rate on federal funds purchased, FHLB advances and borrowings from the Federal Reserve Discount Window. There were $310,000 and $550,000 in short-term borrowings from the FHLB at June 30, 2026 and December 31, 2025, respectively. Long-term funds obtained from the FHLB are used to match-fund fixed rate loans in order to minimize interest rate risk and also are used to meet day-to-day liquidity needs, particularly when the cost of such borrowing compares favorably to the rates that we would be required to pay to attract deposits. There were no outstanding long-term advances with the FHLB at June 30, 2026 or December 31, 2025. The total amount of the remaining credit available to us from the FHLB at June 30, 2026 was $5,519,985. The credit available at the Federal Reserve Discount Window at June 30, 2026 was $1,067,639 with no borrowings outstanding as of such date. We also maintain lines of credit with other commercial banks totaling $140,000. These are unsecured lines of credit with the majority maturing at various times within the next twelve months. There were no amounts outstanding under these lines of credit at June 30, 2026 or December 31, 2025. 
 Finally, we can access the capital markets to meet liquidity needs. The Company maintains a shelf registration statement with the SEC. The shelf registration statement, which was effective upon filing, allows the Company to raise capital from time to time through the sale of common stock, preferred stock, depositary shares, debt securities, rights, warrants and units, or a combination thereof, subject to market conditions. Specific terms and prices will be determined at the time of any offering under a separate prospectus supplement that the Company will file with the SEC at the time of the specific offering. The proceeds of the sale of securities, if and when offered, will be used for general corporate purposes or as otherwise described in the prospectus supplement applicable to the offering and could include the expansion of the Company’s banking and wealth management operations as well as other business opportunities. Our $300,000 subordinated notes offering completed in May 2026 and our common stock offering completed in July 2024 reflect our access of the capital markets as described in this paragraph. The carrying value of subordinated notes, net of unamortized debt issuance costs, was $655,284 at June 30, 2026. 
 For further details on the Company’s funding sources, including total average deposits and borrowed funds by type, and the total cost of each funding source, see the “Results of Operations” section in this Item above. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 Our strategy in choosing funds is focused on minimizing cost in the context of our balance sheet composition, interest rate risk position and liquidity forecast. Accordingly, management targets growth of core deposits, focusing on noninterest-bearing deposits. While we do not control the types of deposit instruments our clients choose, we do influence those choices with the rates and the deposit specials we offer. We constantly monitor our funds position and evaluate the effect that various funding sources have on our financial position. 
 Cash and cash equivalents were $881,203 at June 30, 2026, as compared to $1,378,612 at June 30, 2025. The decrease was largely driven by the repurchase of shares through the Company’s stock repurchase program and the payoff of certain short-term borrowings. 
 Cash provided by operating activities for the six months ended June 30, 2026 was $182,486, as compared to $19,535 for the six months ended June 30, 2025. 
 Cash used in investing activities for the six months ended June 30, 2026 was $475,106, as compared to $252,847 for the six months ended June 30, 2025. Proceeds from the sale, maturity or call of securities within our investment portfolio were $287,997 for the six months ended June 30, 2026, as compared to $851,862 for the same period in 2025. Purchases of investment securities were $541,398 during the first six months of 2026 and $946,095 for the same period in 2025. 
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 Cash provided by financing activities for the six months ended June 30, 2026 was $103,105, as compared to $519,892 for the same period in 2025. Deposits increased $227,982 and $556,236 for the six months ended June 30, 2026 and 2025, respectively. 
 Restrictions on Bank Dividends, Loans and Advances 
 The Company’s liquidity and capital resources, as well as its ability to pay dividends to its shareholders, are substantially dependent on the ability of Renasant Bank to transfer funds to the Company in the form of dividends, loans and advances. Under Mississippi law, a Mississippi bank may not pay dividends unless its earned surplus is in excess of three times capital stock. Approval of the Mississippi Department of Banking and Consumer Finance (the “DBCF”) is also required under certain circumstances such as, for example, when a bank is subject to a regulatory enforcement or corrective action or would be undercapitalized after giving effect to the proposed dividend. In addition, Federal Reserve regulations prohibit a member bank from paying a dividend without prior approval from the Federal Reserve if either (1) the total of all dividends declared during the calendar year, including the proposed dividend, exceeds the sum of the bank’s net income for the current year plus its retained net income of the prior two calendar years or (2) the dividend would exceed the bank’s undivided profits as reportable on its Reports of Condition and Income. In this latter scenario, Federal Reserve regulations also require that at least two-thirds of the bank’s shareholders approve the proposed dividend. Accordingly, under certain circumstances, the approval of the DBCF and the Federal Reserve may be required prior to the Bank paying dividends to the Company. 
 Federal Reserve regulations also limit the amount the Bank may loan to the Company unless such loans are collateralized by specific obligations. At June 30, 2026, the maximum amount available for transfer from the Bank to the Company in the form of loans was $298,800. The Company maintains a $3,000 line of credit collateralized by cash with the Bank. There were no amounts outstanding under this line of credit at June 30, 2026. 
 These restrictions did not have any impact on the Company’s ability to meet its cash obligations in the six months ended June 30, 2026, nor does management expect such restrictions to materially impact the Company’s ability to meet its currently-anticipated cash obligations. 
 Loan Commitments and Other Off-Balance Sheet Arrangements 
 The Company enters into loan commitments and standby letters of credit in the normal course of its business. Loan commitments are made to accommodate the financial needs of the Company’s customers. Standby letters of credit commit the Company to make payments on behalf of customers when certain specified future events occur. Both arrangements have credit risk essentially the same as that involved in extending loans to customers and are subject to the Company’s normal credit policies, including establishing a provision for credit losses on unfunded commitments. Collateral (e.g., securities, receivables, inventory, equipment, etc.) is obtained based on management’s credit assessment of the customer. 
 Loan commitments and standby letters of credit do not necessarily represent future cash requirements of the Company in that while the borrower has the ability to draw upon these commitments at any time, these commitments often expire without being drawn upon. The Company’s unfunded loan commitments and standby letters of credit outstanding were as follows as of the dates presented: 
 
 June 30, 2026 December 31, 2025 
 Loan commitments $ 3,928,429 $ 3,662,810 
 Standby letters of credit 123,214 122,367 

 The Company closely monitors the amount of remaining future commitments to borrowers in light of prevailing economic conditions and adjusts these commitments and the provision related thereto as necessary; the Company also reviews these commitments as part of its analysis of loan concentrations within the loan portfolio. For additional information related to the allowance and provision for credit losses on unfunded loan commitments, refer to the “Risk Management” section above. 
 The Company utilizes derivative financial instruments, including interest rate contracts such as swaps, collars, risk participations, caps and/or floors, as part of its ongoing efforts to mitigate its interest rate risk exposure and to facilitate the needs of its customers. 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. To mitigate the interest rate risk associated with these customer contracts, the Company enters into an offsetting derivative contract position with other financial institutions. The Company manages its credit risk, or potential risk of default by its commercial customers, through credit limit approval and monitoring procedures. At June 30, 2026, the Company had notional amounts of $1,804,473 on interest rate contracts with 
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 corporate customers and $1,804,473 in offsetting interest rate contracts with other financial institutions to mitigate the Company’s rate exposure on its corporate customers’ contracts and certain fixed rate loans. 
 Additionally, 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 and also enters into forward commitments to sell residential mortgage loans to secondary market investors. 
 To mitigate future interest rate exposure on its FHLB borrowings and its junior subordinated debentures the Company enters into interest rate swap contracts that are accounted for as cash flow hedges. Under each of these contracts, the Company pays a fixed rate of interest and receives a variable rate of interest. The Company entered into an interest rate swap contract on a tranche of its subordinated notes that is accounted for as a fair value hedge. Under this contract, the Company pays a variable rate of interest and receives a fixed rate of interest. The Company utilizes interest rate collars to protect against interest rate fluctuations on certain variable-rate loans. Under these contracts, interest income is limited to the interest rate cap; however, interest income is protected when market rates fall below the floor strike rate. 
 For more information about the Company’s derivatives, see Note 9, “Derivative Instruments,” in the Notes to Consolidated Financial Statements of the Company in Item 1, Financial Statements. 
 
 Shareholders’ Equity and Regulatory Matters 
 
 Shareholders’ Equity June 30, 2026 December 31, 2025 $ Change % Change 
 Common stock $ 488,612 $ 488,612 $ — — % 
 Treasury stock (232,402) (103,494) (128,908) 124.6 
 Additional paid-in capital 2,390,839 2,392,997 (2,158) (0.1) 
 Retained earnings 1,327,997 1,196,522 131,475 11.0 
 Accumulated other comprehensive income (loss) (103,668) (89,732) (13,936) 15.5 
 Total shareholders’ equity $ 3,871,378 $ 3,884,905 $ (13,527) (0.3) % 
 
 Book value per share $ 42.35 $ 41.63 $ 0.72 1.7 % 

 The decline in shareholders’ equity is attributable to share repurchases under the Company’s stock repurchase program, increases in accumulated other comprehensive loss and dividends declared, offset by current period earnings. 
 Effective October 28, 2025, the Company’s Board of Directors approved a $150,000 stock repurchase program under which the Company is authorized to repurchase outstanding shares of its common stock either in open market purchases or privately negotiated transactions. Effective April 28, 2026, the Company’s Board of Directors increased the amount authorized for repurchase under the Company’s stock repurchase program by $100,000 (for a new aggregate authorization of $250,000). During the first half of 2026, the Company repurchased 3,451,319 shares under the program at an average price of $39.54 per share. This plan will remain in effect until the earlier of October 2026 or the repurchase of the entire amount authorized under the plan. 
 The Company has junior subordinated debentures with a carrying value of $141,184 at June 30, 2026, of which $136,789 was included in the Company’s Tier 2 capital. 
 The Company has subordinated notes with a par value of $673,400 at June 30, 2026, of which $654,952 is included in the Company’s Tier 2 capital. 
 The Federal Reserve, the FDIC and the Office of the Comptroller of the Currency have issued guidelines governing the levels of capital that bank holding companies and banks must maintain. Those guidelines specify capital tiers, which include the following classifications: 
 
 Capital Tiers Tier 1 Capital to
Average Assets
(Leverage) Common Equity Tier 1 to
Risk - Weighted Assets Tier 1 Capital to
Risk - Weighted
Assets Total Capital to
Risk - Weighted
Assets 
 Well capitalized 5% or above 6.5% or above 8% or above 10% or above 
 Adequately capitalized 4% or above 4.5% or above 6% or above 8% or above 
 Undercapitalized Less than 4% Less than 4.5% Less than 6% Less than 8% 
 Significantly undercapitalized Less than 3% Less than 3% Less than 4% Less than 6% 
 Critically undercapitalized Tangible Equity / Total Assets less than 2% 

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 The following table provides the capital, risk-based capital and leverage ratios for the Company and for Renasant Bank as of the dates presented: 
 
 Actual Minimum Capital
Requirement to be
Well Capitalized Minimum Capital
Requirement to be
Adequately
Capitalized (including the Capital Conservation Buffer) 
 Amount Ratio Amount Ratio Amount Ratio 
 June 30, 2026 
 Renasant Corporation: 
 Risk-based capital ratios: 
 Common equity tier 1 capital ratio $ 2,420,144 11.06 % $ 1,421,827 6.50 % $ 1,531,199 7.00 % 
 Tier 1 risk-based capital ratio 2,420,144 11.06 1,749,941 8.00 1,859,313 8.50 
 Total risk-based capital ratio 3,486,230 15.94 2,187,427 10.00 2,296,798 10.50 
 Leverage capital ratios: 
 Tier 1 leverage ratio 2,420,144 9.55 1,266,939 5.00 1,013,551 4.00 
 
 Renasant Bank: 
 Risk-based capital ratios: 
 Common equity tier 1 capital ratio $ 2,714,095 12.41 % $ 1,421,284 6.50 % $ 1,530,574 7.00 % 
 Tier 1 risk-based capital ratio 2,714,095 12.41 1,749,228 8.00 1,858,554 8.50 
 Total risk-based capital ratio 2,988,000 13.67 2,186,535 10.00 2,295,861 10.50 
 Leverage capital ratios: 
 Tier 1 leverage ratio 2,714,095 10.72 1,265,582 5.00 1,012,466 4.00 
 
 December 31, 2025 
 Renasant Corporation: 
 Risk-based capital ratios: 
 Common equity tier 1 capital ratio $ 2,424,528 11.24 % $ 1,402,647 6.50 % $ 1,510,543 7.00 % 
 Tier 1 risk-based capital ratio 2,424,528 11.24 1,726,335 8.00 1,834,231 8.50 
 Total risk-based capital ratio 3,190,074 14.78 1,261,164 10.00 2,265,815 10.50 
 Leverage capital ratios: 
 Tier 1 leverage ratio 2,424,528 9.61 1,261,164 5.00 1,008,931 4.00 
 
 Renasant Bank: 
 Risk-based capital ratios: 
 Common equity tier 1 capital ratio $ 2,590,284 12.00 % $ 1,403,433 6.50 % $ 1,511,389 7.00 % 
 Tier 1 risk-based capital ratio 2,590,284 12.00 1,727,302 8.00 1,835,258 8.50 
 Total risk-based capital ratio 2,860,621 13.25 2,159,127 10.00 2,267,083 10.50 
 Leverage capital ratios: 
 Tier 1 leverage ratio 2,590,284 10.28 1,260,407 5.00 1,008,325 4.00 

 
 
 The Company elected to take advantage of transitional relief offered by the Federal Reserve and FDIC to delay for two years the estimated impact of CECL on regulatory capital, followed by a three-year transitional period to phase out the capital benefit provided by the two-year delay. The three-year transitional period began on January 1, 2022; the full impact of CECL is reflected in our capital ratios as of June 30, 2026. 
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 Critical Accounting Estimates 
 We have identified certain accounting estimates that involve significant judgment and estimates which can have a material impact on our financial condition or results of operations. Our accounting policies are more fully described in Note 1, “Significant Accounting Policies,” in the Notes to Consolidated Financial Statements of the Company in Item 8, Financial Statements and Supplementary Data, in our Annual Report on Form 10-K for the year ended December 31, 2025. Actual amounts and values as of the balance sheet dates may be materially different from the amounts and values reported due to the inherent uncertainty in the estimation process. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date. 
 The accounting estimates that we believe to be the most critical in preparing our consolidated financial statements relate to the allowance for credit losses and acquisition accounting, which are described under “Critical Accounting Policies and Estimates” in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, in our Annual Report on Form 10-K for the year ended December 31, 2025. Since December 31, 2025, there have been no material changes in these critical accounting estimates. 
 
 Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 
 The Company’s primary market risk exposure is to changes in interest rates. Interest rate risk is managed as part of the Company’s broader risk management practices. See the information under the heading “Interest Rate Risk” in the “Risk Management” section of Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of this report for a description of the Company’s governance structure and risk management processes. There have been no material changes in our market risk since December 31, 2025. For additional information regarding our market risk, see our Annual Report on Form 10-K for the year ended December 31, 2025. 
 
 
 
 Item 4. CONTROLS AND PROCEDURES 
 Based on their evaluation as of the end of the period covered by this quarterly report on Form 10-Q, our Principal Executive Officer and Principal Financial Officer have concluded that due to the material weakness in the Company’s internal control over financial reporting discussed below, our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) are not effective for ensuring that information the Company is required to disclose in reports that it files or submits under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated and communicated to the Company’s management, including its Principal Executive and Principal Financial Officers, as appropriate to allow timely decisions regarding required disclosure. 
 Changes in internal control over financial reporting 
 Other than as described below in regard to our remediation of the material weakness identified in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, no changes have occurred in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the period covered by this Quarterly Report on Form 10-Q that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. 
 Previously Identified Material Weakness 
 Based on the assessment of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2025, as described in our Annual Report on Form 10-K for the year ended December 31, 2025, management concluded that the Company did not maintain effective internal control over financial reporting as of December 31, 2025 due to a material weakness related to the manual journal entry process impacting the Company’s general ledger accounts. We determined that, for a subset of journal entries that are manually entered into the Company’s general ledger, we failed to maintain effective segregation of duties. With respect to this subset of manual journal entries, it was possible for an individual to record an entry into our general ledger without prior approval. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. As stated in our Annual Report on Form 10-K, management concluded that the existence of this material weakness did not result in any material misstatement to any of the Company’s previously issued consolidated financial statements related to these control deficiencies. 
 
 
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 Remediation of Material Weakness 
 As noted above, the underlying cause of the above described material weakness was a failure to maintain effective segregation of duties for a subset of journal entries manually entered into the Company’s general ledger. To address this weakness, in the first quarter of 2026, the Company implemented the following new control procedures: 
 • We reduced the number of individuals with access to the Company’s general ledger on our core system. Following this change, only a limited number of individuals within the Company’s Finance Department retain the access necessary to effect such manual entries, which we believe reduces the likelihood that a journal entry would be manually entered without the required approval (as detailed in the next bullet). 
 • We implemented new supervision and review processes for journal entries manually entered directly into the Company’s general ledger on our core system: 
 ◦ Under the new process, before a manually-entered journal entry can be posted to the Company’s general ledger, a separate individual must approve the proposed journal entry. The processes also require that individuals performing the reviews have sufficient knowledge and experience in the relevant subject areas and are, therefore, qualified to perform such reviews. 
 ◦ To ensure the new process is properly executed, a member of the Company’s financial reporting staff routinely reviews a report of manual journal entries posted to our general ledger to ensure the entries were properly supported and approved prior to entry. 
 While we have taken steps to implement our remediation plan, the material weakness will not be considered remediated until the enhanced controls, discussed above, operate for a sufficient period of time and management has concluded, through testing, that the related controls are effective. 
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 Part II. OTHER INFORMATION 
 
 
 
 Item 1A. RISK FACTORS 
 
 
 When evaluating the risk of an investment in the Company’s common stock, potential investors should carefully consider the risk factors appearing in Part I, Item 1A, Risk Factors, of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. There have been no material changes from the risk factors set forth in our Annual Report on Form 10-K. 
 
 
 
 Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 
 Unregistered Sales of Equity Securities 
 None. 
 
 
 Issuer Purchases of Equity Securities 
 
 
 During the three-month period ended June 30, 2026, the Company repurchased shares of its common stock as indicated in the following table: 
 
 Total Number of Shares Purchased (1) 
 Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Share Repurchase Plans (2) 
 Maximum Number or Approximate Dollar Value of Shares That May Yet Be Purchased Under Share Repurchase Plans (2)(3) 
 
 April 1, 2026 to April 30, 2026 659,685 $ 38.36 658,779 $ 136,809 
 May 1, 2026 to May 31, 2026 877,212 40.43 874,929 101,809 
 June 1, 2026 to June 30, 2026 3,665 41.40 — 101,809 
 Total 1,540,562 $ 39.55 1,533,708 

 (1) Of the shares in this column, 6,854 shares represent shares withheld to satisfy the federal and state tax liabilities related to the vesting of time-based restricted stock awards. 
 (2) The Company announced a $150.0 million stock repurchase program in October 2025 under which the Company was authorized to repurchase outstanding shares of its common stock either in open market purchases or privately-negotiated transactions. Effective April 28, 2026, the Company’s Board of Directors increased the amount authorized for repurchase under the Company’s stock repurchase program by $100.0 million (for a new aggregate authorization of $250.0 million). During the second quarter of 2026, the Company repurchased 1,533,708 shares under the program. This program will remain in effect through October 2026 or, if earlier, the repurchase of the entire amount of common stock authorized to be repurchased. 
 (3) Dollars in thousands 
 Please refer to the information discussing restrictions on the Company’s ability to pay dividends under the heading “Liquidity and Capital Resources” in Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of this report, which is incorporated by reference herein. 
 
 
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 Item 5. OTHER INFORMATION 
 
 
 Trading Plans 
 During the quarter ended June 30, 2026, no director or officer (as defined in Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended) adopted or terminated any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (each as defined in Item 408(a) of Regulation S-K). 
 
 
 
 
 
 Item 6. EXHIBITS 
 
 
 Exhibit
Number Description 
 
 3.1 Restated Articles of Incorporation of Renasant Corporation (1) 
 
 
 3.2 Amended and Restated Bylaws of Renasant Corporation (2) 
 
 
 4.1 Fifth Supplemental Indenture dated May 7, 2026, between Renasant Corporation and Wilmington Trust, National Association (3) 
 
 
 4.2 Form of 6.25% Fixed-to-Floating Rate Subordinated Note due 2036 (included in exhibit 4.1) 
 
 
 31.1 Certification of the Principal Exec utive Officer, as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 
 
 
 31.2 Certification of the Principal Financial Officer, as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 
 
 
 
 
 32.1 Certification of the Principal Executive Officer, as required pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 
 
 
 
 
 
 
 32.2 Certification of the Principal Financial Officer, as required pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 
 
 
 
 
 
 
 101 The following materials from Renasant Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 were formatted in Inline XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Income, (iii) Consolidated Statements of Comprehensive Income, (iv) Consolidated Statements of Changes in Shareholders’ Equity, (v) Consolidated Statements of Cash Flows and (vi) Notes to Consolidated Financial Statements (Unaudited). 
 
 104 The cover page of Renasant Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, formatted in Inline XBRL (included in Exhibit 101). 

 
 
 (1) Filed as exhibit 3.1 to the Form 10-Q of the Company filed with the Securities and Exchange Commission (the “Commission”) on August 6, 2025, and incorporated herein by reference. 
 (2) Filed as exhibit 3(ii) to the Form 8-K of the Company filed with the Commission on May 1, 2026, and incorporated herein by reference. 
 (3) Filed as exhibit 4.1 to the Form 10-Q of the Company filed with the Commission on May 7, 2026, and incorporated herein by reference. 
 
 
 
 The Company does not have any long-term debt instruments under which securities are authorized exceeding ten percent of the total assets of the Company and its subsidiaries on a consolidated basis. The Company will furnish to the Commission, upon its request, a copy of all long-term debt instruments. 
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 SIGNATURES 
 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. 
 
 
 RENASANT CORPORATION 
 (Registrant) 
 
 Date: August 5, 2026 /s/ Kevin D. Chapman 
 Kevin D. Chapman 
 President and Chief Executive Officer 
 (Principal Executive Officer) 
 
 Date: August 5, 2026 /s/ James C. Mabry IV 
 James C. Mabry IV 
 Executive Vice President and 
 Chief Financial Officer 
 (Principal Financial Officer) 

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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.
RENASANT CORP 10-Q
