---
title: "Renasant Corporation Announces Earnings for the Second Quarter of 2026 | RNST Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294110705.md"
description: "Renasant Corporation (NYSE: RNST) reported Q2 2026 net income of $87.1 million, with diluted EPS at $0.94. The company highlighted strong profitability ahead of prior year levels, driven by increased loans and noninterest income, despite higher expenses. Key developments include a dividend increase to $0.24 per share, $60 million in stock repurchases, and the completion of a $300 million subordinated debt offering. Credit quality remained stable with improved coverage ratios."
datetime: "2026-07-28T12:31:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294110705.md)
  - [en](https://longbridge.com/en/news/294110705.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294110705.md)
generator: "portal-rs"
---

# Renasant Corporation Announces Earnings for the Second Quarter of 2026 | RNST Stock News

See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens Google

Add on Google

TUPELO, Miss., July 28, 2026 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the second quarter of 2026.

(Dollars in thousands, except earnings per share)

**Three Months Ended**

**Six Months Ended**

**Jun 30, 2026**

**Mar 31, 2026**

**Jun 30, 2025**

**Jun 30, 2026**

**Jun 30, 2025**

**Net income and Earnings per share:**

Net income

$

87,091

$

88,228

$

1,018

$

175,319

$

42,536

Merger and conversion related expenses (net of tax)

—

—

(15,935

)

—

(16,527

)

Day 1 acquisition provision (net of tax)

—

—

(50,026

)

—

(50,026

)

Basic EPS

0.95

0.94

0.01

1.89

0.54

Diluted EPS

0.94

0.94

0.01

1.88

0.53

Adjusted diluted EPS (non-GAAP)(1)

0.94

0.93

0.69

1.88

1.36

Impact to diluted EPS from merger and conversion related expenses (net of tax)

—

—

(0.17

)

—

(0.21

)

Impact to diluted EPS from Day 1 acquisition provision (net of tax)

—

—

(0.53

)

—

(0.63

)

“Second quarter results were strong, and together with the first quarter, we have six months of financial performance that is well ahead of last year’s levels. We believe our team is operating at a high level and has positioned us to continue producing strong profitability as we pursue opportunities for added growth throughout our footprint,” remarked Kevin D. Chapman, President and Chief Executive Officer of the Company.

***Quarterly Highlights***

*Earnings* 

-   Net income for the second quarter of 2026 was $87.1 million; both diluted EPS and adjusted diluted EPS (non-GAAP)(1) were $0.94
-   Net interest income, on a fully tax equivalent basis, for the second quarter of 2026 was $227.7 million, down $0.8 million linked quarter
-   Net interest margin, on fully tax equivalent basis, for the second quarter of 2026 was 3.83%, down 4 basis points linked quarter. Adjusted net interest margin (non-GAAP)(1) was flat at 3.61%
-   Cost of total deposits was 1.96% for the second quarter of 2026, up 2 basis points linked quarter
-   Noninterest income increased $0.9 million linked quarter
-   Mortgage banking income decreased $0.3 million linked quarter. The mortgage division generated $611.6 million in interest rate lock volume in the second quarter of 2026, up $69.3 million linked quarter. Gain on sale margin was 1.57% for the second quarter of 2026, down 28 basis points linked quarter
-   Noninterest expense increased $6.2 million linked quarter, driven primarily by deferred compensation accruals tied to market valuations, higher health insurance claims and annual merit increases

*Balance Sheet*

-   Loans increased $220.9 million linked quarter, representing a 4.7% annualized net loan increase. Included in this increase is a $58.3 million loan portfolio that Renasant Bank’s subsidiary, Republic Business Credit, acquired during the quarter
-   Securities increased $9.3 million linked quarter. The Company purchased $162.4 million in securities during the second quarter, which was offset by a negative fair market value adjustment in the Company’s available-for-sale portfolio of $9.2 million and cash flows related to principal payments, calls and maturities of $146.5 million
-   Deposits at June 30, 2026 decreased $398.4 million linked quarter. Seasonal outflows in public fund deposits accounted for $367.7 million of the decrease. Noninterest bearing deposits decreased $145.4 million linked quarter and represented 23.2% of total deposits at June 30, 2026 as compared to 23.5% at March 31, 2026

*Capital and Stock Repurchase Program*

-   Book value per share and tangible book value per share (non-GAAP)(1) increased 1.7% and 1.4%, respectively, linked quarter
-   Effective April 28, 2026, the Company’s quarterly cash dividend was increased to $0.24 per share
-   The Company has a $250.0 million stock repurchase program under which the Company is authorized to repurchase outstanding shares of its common stock either in open market purchases or privately negotiated transactions. The program will remain in effect until the earlier of October 2026 or the repurchase of the entire amount authorized under the plan. During the second quarter of 2026, the Company repurchased $60.0 million of common stock at a weighted average price of $39.54. As of June 30, 2026, $101.8 million in repurchase authorization remained available under the program
-   On May 7, 2026, the Company completed a subordinated debt offering, issuing $300.0 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036

*Credit Quality*

-   The Company recorded a provision for credit losses on loans and unfunded commitments of $1.2 million and $2.6 million, respectively, for the second quarter of 2026, representing a decrease of $3.1 million and $1.2 million, respectively, linked quarter
-   The ratio of the allowance for credit losses on loans to total loans was 1.54% at June 30, 2026, down 2 basis points linked quarter
-   The coverage ratio, or the allowance for credit losses on loans to nonperforming loans, was 158.73% at June 30, 2026, compared to 147.71% at March 31, 2026
-   Net loan charge-offs for the second quarter of 2026 were $2.8 million, or 0.06% annualized
-   Nonperforming loans to total loans decreased to 0.97% at June 30, 2026 compared to 1.06% at March 31, 2026 , and criticized loans (which include classified and Special Mention loans) to total loans decreased to 2.66% at June 30, 2026, compared to 2.77% at March 31, 2026

(1) This is a non-GAAP financial measure. A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release. The information below under the heading “Non-GAAP Financial Measures” explains why the Company believes the non-GAAP financial measures in this release provide useful information and describes the other purposes for which the Company uses non-GAAP financial measures.

***Income Statement***

(Dollars in thousands, except per share data)

**Three Months Ended**

**Six Months Ended**

**Jun 30, 2026**

**Mar 31, 2026**

**Dec 31, 2025**

**Sep 30, 2025**

**Jun 30, 2025**

**Jun 30, 2026**

**Jun 30, 2025**

**Interest income**

Loans held for investment

$

296,346

$

295,397

$

305,604

$

308,110

$

301,794

$

591,743

$

498,360

Loans held for sale

3,329

2,876

3,617

4,675

4,639

6,205

7,647

Securities

35,660

32,266

30,232

30,217

28,408

67,926

40,525

Other

5,105

7,581

7,480

8,096

9,057

12,686

17,696

**Total interest income**

340,440

338,120

346,933

351,098

343,898

678,560

564,228

**Interest expense**

Deposits

106,398

103,860

105,673

115,573

111,921

210,258

191,307

Borrowings

11,288

10,701

13,867

12,005

13,118

21,989

19,865

**Total interest expense**

117,686

114,561

119,540

127,578

125,039

232,247

211,172

**Net interest income**

222,754

223,559

227,393

223,520

218,859

446,313

353,056

**Provision for credit losses**

Provision for loan losses

1,166

4,224

5,473

9,650

75,400

5,390

77,450

Provision for unfunded commitments

2,633

3,856

5,462

800

5,922

6,489

8,622

**Total provision for credit losses**

3,799

8,080

10,935

10,450

81,322

11,879

86,072

**Net interest income after provision for credit losses**

218,955

215,479

216,458

213,070

137,537

434,434

266,984

**Noninterest income**

51,190

50,272

51,125

46,026

48,334

101,462

84,729

**Noninterest expense**

161,501

155,328

170,750

183,830

183,204

316,829

297,080

**Income before income taxes**

108,644

110,423

96,833

75,266

2,667

219,067

54,633

**Income taxes**

21,553

22,195

17,885

15,478

1,649

43,748

12,097

**Net income**

$

87,091

$

88,228

$

78,948

$

59,788

$

1,018

$

175,319

$

42,536

Adjusted net income (non-GAAP)(1)

$

87,091

$

88,071

$

86,879

$

72,917

$

65,877

$

175,162

$

107,987

Adjusted pre-provision net revenue (“PPNR”) (non-GAAP)(1)

$

112,443

$

118,294

$

118,335

$

103,210

$

103,001

$

230,737

$

160,508

Basic earnings per share

$

0.95

$

0.94

$

0.84

$

0.63

$

0.01

$

1.89

$

0.54

Diluted earnings per share

0.94

0.94

0.83

0.63

0.01

1.88

0.53

Adjusted diluted earnings per share (non-GAAP)(1)

0.94

0.93

0.91

0.77

0.69

1.88

1.36

Average basic shares outstanding

91,650,415

93,693,615

94,469,544

94,623,551

94,580,927

92,666,370

79,209,073

Average diluted shares outstanding

92,220,282

94,228,343

95,172,380

95,284,603

95,136,160

93,219,350

79,671,775

Cash dividends per common share

$

0.24

$

0.23

$

0.23

$

0.22

$

0.22

$

0.47

$

0.44

(1) This is a non-GAAP financial measure. A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release. The information below under the heading “Non-GAAP Financial Measures” explains why the Company believes the non-GAAP financial measures in this release provide useful information and describes the other purposes for which the Company uses non-GAAP financial measures.

***Performance Ratios***

**Three Months Ended**

**Six Months Ended**

**Jun 30, 2026**

**Mar 31, 2026**

**Dec 31, 2025**

**Sep 30, 2025**

**Jun 30, 2025**

**Jun 30, 2026**

**Jun 30, 2025**

Return on average assets

1.30

%

1.33

%

1.17

%

0.90

%

0.02

%

1.32

%

0.39

%

Adjusted return on average assets (non-GAAP)(1)

1.30

1.33

1.29

1.09

1.01

1.32

0.98

Return on average tangible assets (non-GAAP)(1)

1.48

1.51

1.35

1.06

0.13

1.50

0.48

Adjusted return on average tangible assets (non-GAAP)(1)

1.48

1.51

1.47

1.27

1.18

1.50

1.12

Return on average equity

9.07

9.20

8.14

6.25

0.11

9.14

2.66

Adjusted return on average equity (non-GAAP)(1)

9.07

9.19

8.95

7.62

7.06

9.13

6.76

Return on average tangible equity (non-GAAP)(1)

16.25

16.36

14.80

11.87

1.43

16.30

5.24

Adjusted return on average tangible equity (non-GAAP)(1)

16.25

16.33

16.18

14.22

13.50

16.29

12.10

Efficiency ratio (fully taxable equivalent)

57.92

55.73

60.23

67.05

67.59

56.83

66.78

Adjusted efficiency ratio (non-GAAP)(1)

54.92

52.82

53.52

57.51

57.07

53.87

59.95

Dividend payout ratio

25.26

24.47

27.38

34.92

2200.00

24.87

81.48

***Capital and Balance Sheet Ratios***

**As of**

**Jun 30, 2026**

**Mar 31, 2026**

**Dec 31, 2025**

**Sep 30, 2025**

**Jun 30, 2025**

Shares outstanding

91,403,230

92,881,329

94,636,207

95,020,881

95,019,311

Market value per share

$

42.54

$

36.13

$

35.22

$

36.89

$

35.93

Book value per share

42.35

41.63

41.05

40.26

39.77

Tangible book value per share (non-GAAP)(1)

25.34

25.00

24.65

23.77

23.10

Shareholders’ equity to assets

14.34

%

14.27

%

14.52

%

14.31

%

14.19

%

Tangible common equity ratio (non-GAAP)(1)

9.10

9.08

9.26

8.98

8.77

Leverage ratio(2)

9.55

9.54

9.61

9.46

9.36

Common equity tier 1 capital ratio(2)

11.06

11.22

11.24

11.04

11.08

Tier 1 risk-based capital ratio(2)

11.06

11.22

11.24

11.04

11.08

Total risk-based capital ratio(2)

15.94

14.77

14.78

14.88

14.97

(1) This is a non-GAAP financial measure. A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release. The information below under the heading “Non-GAAP Financial Measures” explains why the Company believes the non-GAAP financial measures in this release provide useful information and describes the other purposes for which the Company uses non-GAAP financial measures.

(2) Preliminary

***Noninterest Income and Noninterest Expense***

(Dollars in thousands)

**Three Months Ended**

**Six Months Ended**

**Jun 30, 2026**

**Mar 31, 2026**

**Dec 31, 2025**

**Sep 30, 2025**

**Jun 30, 2025**

**Jun 30, 2026**

**Jun 30, 2025**

**Noninterest income**

Service charges on deposit accounts

$

14,516

$

14,740

$

14,535

$

13,416

$

13,618

$

29,256

$

23,982

Fees and commissions

5,471

4,654

5,192

4,167

6,650

10,125

10,437

Wealth management revenue

9,073

8,678

8,572

8,217

7,345

17,751

14,412

Mortgage banking income

9,178

9,435

8,924

9,017

11,263

18,613

19,410

BOLI income

4,608

3,689

3,697

4,235

3,383

8,297

6,312

Other

8,344

9,076

10,205

6,974

6,075

17,420

10,176

**Total noninterest income**

$

51,190

$

50,272

$

51,125

$

46,026

$

48,334

$

101,462

$

84,729

**Noninterest expense**

Salaries and employee benefits

$

96,228

$

91,749

$

98,082

$

98,982

$

99,542

$

187,977

$

171,499

Data processing

5,037

5,221

5,636

5,541

5,438

10,258

9,527

Net occupancy and equipment

18,018

18,031

16,123

18,415

17,359

36,049

29,113

Other real estate owned

453

1,399

481

328

157

1,852

842

Professional fees

4,518

4,402

4,327

3,435

4,223

8,920

7,107

Advertising and public relations

4,677

4,599

4,314

5,254

4,490

9,276

8,787

Intangible amortization

8,370

8,220

8,465

8,674

8,884

16,590

9,964

Communications

3,566

4,009

4,493

3,955

3,184

7,575

5,217

Merger and conversion related expenses

—

—

10,567

17,494

20,479

—

21,270

Other

20,634

17,698

18,262

21,752

19,448

38,332

33,754

**Total noninterest expense**

$

161,501

$

155,328

$

170,750

$

183,830

$

183,204

$

316,829

$

297,080

***Mortgage Banking Income***

(Dollars in thousands)

**Three Months Ended**

**Six Months Ended**

**Jun 30, 2026**

**Mar 31, 2026**

**Dec 31, 2025**

**Sep 30, 2025**

**Jun 30, 2025**

**Jun 30, 2026**

**Jun 30, 2025**

Gain on sales of loans, net(1)

$

4,760

$

5,305

$

5,243

$

5,270

$

5,316

$

10,065

$

9,816

Fees, net

3,470

2,842

2,970

3,050

3,740

6,312

6,057

Mortgage servicing income, net

948

1,288

711

697

2,207

2,236

3,537

**Total mortgage banking income**

$

9,178

$

9,435

$

8,924

$

9,017

$

11,263

$

18,613

$

19,410

(1) Gain on sales of loans, net includes pipeline fair value adjustments

***Balance Sheet***

(Dollars in thousands)

**As of**

**Jun 30, 2026**

**Mar 31, 2026**

**Dec 31, 2025**

**Sep 30, 2025**

**Jun 30, 2025**

**Assets**

Cash and cash equivalents

$

881,203

$

1,216,980

$

1,070,718

$

1,083,785

$

1,378,612

Securities held to maturity, at amortized cost

983,032

1,006,511

1,030,073

1,051,884

1,076,817

Securities available for sale, at fair value

2,842,424

2,809,647

2,560,818

2,512,650

2,471,487

Loans held for sale, at fair value

241,588

230,980

265,959

286,779

356,791

Loans held for investment

19,196,172

18,975,248

19,047,039

19,025,521

18,563,447

Allowance for credit losses on loans

(296,008

)

(295,862

)

(293,955

)

(297,591

)

(290,770

)

Loans, net

18,900,164

18,679,386

18,753,084

18,727,930

18,272,677

Premises and equipment, net

464,020

463,723

465,141

471,213

465,100

Other real estate owned

15,571

12,954

15,191

10,578

11,750

Goodwill

1,417,538

1,406,667

1,405,840

1,411,711

1,419,782

Other intangibles

138,022

138,392

146,612

155,077

163,751

Bank-owned life insurance

495,235

494,874

492,541

488,920

486,613

Mortgage servicing rights

65,816

64,850

65,271

65,466

64,539

Other assets

560,386

582,310

480,178

460,172

457,056

**Total assets**

$

27,004,999

$

27,107,274

$

26,751,426

$

26,726,165

$

26,624,975

**Liabilities and Shareholders’ Equity**

**Liabilities**

Deposits:

Noninterest-bearing

$

5,038,070

$

5,183,426

$

5,043,960

$

5,238,431

$

5,356,153

Interest-bearing

16,662,982

16,916,058

16,429,110

16,186,124

16,226,484

Total deposits

21,701,052

22,099,484

21,473,070

21,424,555

21,582,637

Short-term borrowings

315,225

305,863

555,774

606,063

405,349

Long-term debt

796,469

500,342

499,756

558,878

556,976

Other liabilities

320,875

334,667

337,921

310,891

301,159

**Total liabilities**

$

23,133,621

$

23,240,356

$

22,866,521

$

22,900,387

$

22,846,121

**Shareholders’ equity:**

Common stock

488,612

488,612

488,612

488,612

488,612

Treasury stock

(232,402

)

(173,835

)

(103,494

)

(90,297

)

(90,248

)

Additional paid-in capital

2,390,839

2,388,649

2,392,997

2,389,033

2,393,566

Retained earnings

1,327,997

1,263,116

1,196,522

1,139,600

1,100,965

Accumulated other comprehensive loss

(103,668

)

(99,624

)

(89,732

)

(101,170

)

(114,041

)

**Total shareholders’ equity**

3,871,378

3,866,918

3,884,905

3,825,778

3,778,854

**Total liabilities and shareholders’ equity**

$

27,004,999

$

27,107,274

$

26,751,426

$

26,726,165

$

26,624,975

***Net Interest Income and Net Interest Margin***

(Dollars in thousands)

**Three Months Ended**

**June 30, 2026**

**March 31, 2026**

**June 30, 2025**

**Average**  
**Balance**

**Interest**  
**Income/**  
**Expense****(1)**

**Yield/**  
**Rate****(1)**

**Average**  
**Balance**

**Interest**  
**Income/**  
**Expense****(1)**

**Yield/**  
**Rate****(1)**

**Average**  
**Balance**

**Interest**  
**Income/**  
**Expense****(1)**

**Yield/**  
**Rate****(1)**

Interest-earning assets:

Loans held for investment

$

19,060,083

$

300,112

6.31

%

$

19,035,115

$

299,125

6.37

%

$

18,448,000

$

304,834

6.63

%

Loans held for sale

223,489

3,329

5.96

%

211,507

2,876

5.44

%

287,855

4,639

6.45

%

Taxable securities

3,472,422

29,691

3.42

%

3,380,880

28,861

3.41

%

3,106,565

24,917

3.21

%

Tax-exempt securities

445,249

7,106

6.38

%

432,789

4,542

4.20

%

462,732

4,309

3.72

%

Total securities

3,917,671

36,797

3.76

%

3,813,669

33,403

3.50

%

3,569,297

29,226

3.28

%

Interest-bearing balances with banks

600,075

5,105

3.41

%

823,706

7,581

3.73

%

901,803

9,057

4.03

%

Total interest-earning assets

23,801,318

345,343

5.82

%

23,883,997

342,985

5.81

%

23,206,955

347,756

6.01

%

Cash and due from banks

264,246

290,611

357,338

Intangible assets

1,546,924

1,548,244

1,589,490

Other assets

1,187,805

1,132,508

1,029,082

Total assets

$

26,800,293

$

26,855,360

$

26,182,865

Interest-bearing liabilities:

Interest-bearing demand(2)

$

11,647,640

$

72,261

2.49

%

$

11,741,333

$

72,025

2.49

%

$

11,191,443

$

76,542

2.74

%

Savings deposits

1,307,314

944

0.29

%

1,289,327

876

0.28

%

1,322,007

1,032

0.31

%

Time deposits

3,760,192

33,193

3.54

%

3,583,946

30,959

3.50

%

3,404,482

34,347

4.05

%

Total interest-bearing deposits

16,715,146

106,398

2.55

%

16,614,606

103,860

2.54

%

15,917,932

111,921

2.82

%

Borrowed funds

891,081

11,288

5.07

%

973,114

10,701

4.44

%

1,036,045

13,118

5.07

%

Total interest-bearing liabilities

17,606,227

117,686

2.68

%

17,587,720

114,561

2.64

%

16,953,977

125,039

2.96

%

Noninterest-bearing deposits

5,038,879

5,088,817

5,233,976

Other liabilities

303,586

290,242

249,861

Shareholders’ equity

3,851,601

3,888,581

3,745,051

Total liabilities and shareholders’ equity

$

26,800,293

$

26,855,360

$

26,182,865

Net interest income/ net interest margin (FTE)

$

227,657

3.83

%

$

228,424

3.87

%

$

222,717

3.85

%

Cost of funding

2.08

%

2.05

%

2.26

%

Cost of total deposits

1.96

%

1.94

%

2.12

%

(1) Interest income and weighted average yields on tax-exempt loans and securities have been computed on a fully tax equivalent basis assuming a federal tax rate of 21%.  
(2) Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.

***Net Interest Income and Net Interest Margin, continued***

(Dollars in thousands)

**Six Months Ended**

**June 30, 2026**

**June 30, 2025**

**Average**  
**Balance**

**Interest**  
**Income/**  
**Expense****(1)**

**Yield/**  
**Rate****(1)**

**Average**  
**Balance**

**Interest**  
**Income/**  
**Expense****(1)**

**Yield/**  
**Rate****(1)**

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

%

Taxable securities

3,426,904

58,552

3.42

%

2,498,428

35,888

2.87

%

Tax-exempt securities

439,053

11,648

5.31

%

361,827

5,752

3.18

%

Total securities

3,865,957

70,200

3.63

%

2,860,255

41,640

2.91

%

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

Interest-bearing liabilities:

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 (FTE)

$

456,081

3.85

%

$

360,149

3.68

%

Cost of funding

2.07

%

2.28

%

Cost of total deposits

1.95

%

2.16

%

(1) Interest income and weighted average yields on tax-exempt loans and securities have been computed on a fully tax equivalent basis assuming a federal tax rate of 21%.  
(2) Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.

***Loan Portfolio***

(Dollars in thousands)

**As of**

**Jun 30, 2026**

**Mar 31, 2026**

**Dec 31, 2025**

**Sep 30, 2025**

**Jun 30, 2025**

**Loan Portfolio:**

Real estate - 1-4 family mortgage

$

4,568,039

$

4,584,118

$

4,635,033

$

4,642,657

$

4,648,443

Construction and Land Development

2,009,664

1,898,629

1,905,636

1,990,657

1,795,197

Commercial Real Estate - Non-Owner Occupied

6,123,500

6,135,543

6,245,480

6,120,677

5,953,135

Commercial Real Estate - Owner Occupied

3,332,728

3,357,965

3,334,664

3,321,186

3,288,005

Commercial and Industrial

3,063,069

2,895,477

2,818,326

2,834,669

2,756,491

Consumer

99,172

103,516

107,900

115,675

122,176

**Total loans**

$

19,196,172

$

18,975,248

$

19,047,039

$

19,025,521

$

18,563,447

***Credit Quality and Allowance for Credit Losses on Loans*** 

(Dollars in thousands)

**As of**

**Jun 30, 2026**

**Mar 31, 2026**

**Dec 31, 2025**

**Sep 30, 2025**

**Jun 30, 2025**

**Nonperforming Assets:**

Nonaccruing loans

$

186,432

$

197,515

$

175,730

$

170,756

$

137,999

Loans 90 days or more past due

51

2,779

288

792

3,860

Total nonperforming loans

186,483

200,294

176,018

171,548

141,859

Other real estate owned

15,571

12,954

15,191

10,578

11,750

Total nonperforming assets

$

202,054

$

213,248

$

191,209

$

182,126

$

153,609

**Criticized Loans**

Classified loans

$

336,816

$

349,068

$

359,235

$

392,721

$

333,626

Special Mention loans

173,401

176,345

201,428

219,792

159,931

Criticized loans

$

510,217

$

525,413

$

560,663

$

612,513

$

493,557

Allowance for credit losses on loans

$

296,008

$

295,862

$

293,955

$

297,591

$

290,770

Net loan charge-offs

$

2,770

$

2,317

$

9,109

$

4,339

$

12,054

Annualized net loan charge-offs / average loans

0.06

%

0.05

%

0.19

%

0.09

%

0.26

%

Nonperforming loans / total loans

0.97

1.06

0.92

0.90

0.76

Nonperforming assets / total assets

0.75

0.79

0.71

0.68

0.58

Allowance for credit losses on loans / total loans

1.54

1.56

1.54

1.56

1.57

Allowance for credit losses on loans / nonperforming loans

158.73

147.71

167.00

173.47

204.97

Criticized loans / total loans

2.66

2.77

2.94

3.22

2.66

**CONFERENCE CALL INFORMATION:**  
A live audio webcast of a conference call with analysts will be available beginning at 10:00 AM Eastern Time (9:00 AM Central Time) on Wednesday, July 29, 2026.

The webcast is accessible through Renasant’s investor relations website at www.renasant.com or https://event.choruscall.com/mediaframe/webcast.html?webcastid=ATOn3Pcb. To access the conference via telephone, dial 1-877-513-1143 in the United States and request the Renasant Corporation 2026 Second Quarter Earnings Webcast and Conference Call. International participants should dial 1-412-902-4145 to access the conference call.

The webcast will be archived on www.renasant.com after the call and will remain accessible for one year. A replay can be accessed via telephone by dialing 1-855-669-9658 in the United States and entering conference number 8054019 or by dialing 1-412-317-0088 internationally and entering the same conference number. Telephone replay access is available until August 12, 2026.

**ABOUT RENASANT CORPORATION:** 

Renasant Corporation is the parent of Renasant Bank, a 122-year-old financial services institution. Renasant has assets of approximately $27.0 billion and operates 279 banking, lending, mortgage and wealth management offices throughout the Southeast and also offers factoring and asset-based lending on a nationwide basis.

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:** 

This press release may contain, or incorporate by reference, statements about Renasant Corporation that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “projects,” “anticipates,” “intends,” “estimates,” “plans,” “potential,” “focus,” “possible,” “may increase,” “may fluctuate,” “will likely result,” or similar expressions, or future or conditional verbs such as “will,” “should,” “would” and “could,” are generally forward-looking in nature and not historical facts. Forward-looking statements include information about the Company’s future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. The Company’s management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements, and such differences may be material. Prospective investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made.

Important factors currently known to management that could cause the Company’s actual results to differ materially from those in forward-looking statements include the following: (i) the Company’s ability to efficiently integrate acquisitions into its operations, retain the customers of these businesses, grow the acquired operations and realize the cost savings expected from an acquisition to the extent and in the timeframe anticipated by management (including the possibility that such cost savings will not be realized when expected, or at all, as a result of the impact of, or challenges arising from, the integration of the acquired assets and assumed liabilities into the Company, potential adverse reactions or changes to business or employee relationships, or as a result of other unexpected factors or events); (ii) potential exposure to unknown or contingent risks and liabilities the Company has acquired or may acquire; (iii) the effect of economic conditions and interest rates on a national, regional or international basis; (iv) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (v) the Company’s ability to remediate the material weakness in its internal control over financial reporting identified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2026; (vi) competitive pressures in the consumer finance, commercial finance, financial services, asset management, retail banking, factoring and mortgage lending and auto lending industries; (vii) the financial resources of, and products available from, competitors; (viii) changes in laws and regulations as well as changes in accounting standards; (ix) changes in governmental and regulatory policy, whether applicable specifically to financial institutions or impacting the United States generally (such as, for example, changes in trade policy); (x) changes in the securities and foreign exchange markets; (xi) the Company’s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xii) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of the Company’s investment securities portfolio; (xiii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiv) changes in the sources and costs of the capital the Company uses to make loans and otherwise fund the Company’s operations, due to deposit outflows, changes in the mix of deposits and the cost and availability of borrowings; (xv) general economic, market or business conditions, including the impact of inflation; (xvi) changes in demand for loan and deposit products and other financial services; (xvii) concentrations of credit or deposit exposure; (xviii) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xix) losses resulting from fraudulent activity, including loan and deposit fraud and social engineering attacks targeting the Company’s customers, employees and third party vendors; (xx) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses, including as a result of sophisticated attacks using artificial intelligence (“AI”) and similar tools; (xxi) civil unrest, natural disasters, epidemics and other catastrophic events in the Company’s geographic area; (xxii) geopolitical conditions, including acts or threats of terrorism and actions taken by the United States or other governments in response to acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; (xxiii) the impact, extent and timing of technological changes, including the rapid development of AI technologies; and (xxiv) other circumstances, many of which are beyond management’s control.

Management believes that the assumptions underlying the Company’s forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate. Investors are urged to carefully consider the risks described in the Company’s filings with the SEC from time to time, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.renasant.com and the SEC’s website at www.sec.gov.

The Company undertakes no obligation, and specifically disclaims any obligation, to update or revise forward-looking statements, whether as a result of new information or to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by federal securities laws.

**NON-GAAP FINANCIAL MEASURES:** 

In addition to results presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), this press release and the presentation slides furnished to the SEC on the same Form 8-K as this release contain non-GAAP financial measures, namely, (i) adjusted loan yield, (ii) adjusted net interest income and margin, (iii) pre-provision net revenue (including on an as-adjusted basis), (iv) adjusted net revenue and net income, (v) adjusted diluted earnings per share, (vi) tangible book value per share, (vii) the tangible common equity ratio, (viii) the adjusted return on average assets and on average equity and certain other performance ratios (namely, the ratio of pre-provision net revenue to average assets and the return on average tangible assets and on average tangible common equity (including each of the foregoing on an as-adjusted basis)), (ix) adjusted noninterest expense, and (x) the adjusted efficiency ratio.

These non-GAAP financial measures adjust GAAP financial measures to exclude intangible assets, including related amortization, and/or certain gains or charges, with respect to which the Company is unable to accurately predict when these charges will be incurred or, when incurred, the amount thereof. Management uses these non-GAAP financial measures when evaluating capital utilization and adequacy. In addition, the Company believes that these non-GAAP financial measures facilitate the making of period-to-period comparisons and are meaningful indicators of its operating performance, particularly because these measures are widely used by industry analysts for companies with merger and acquisition activities. Also, because intangible assets such as goodwill and the core deposit intangible can vary extensively from company to company and, as to intangible assets, are excluded from the calculation of a financial institution’s regulatory capital, the Company believes that the presentation of this non-GAAP financial information allows readers to more easily compare the Company’s results to information provided in other regulatory reports and the results of other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables below.

None of the non-GAAP financial information that the Company has included in this release or the accompanying presentation slides are intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP. Investors should note that, because there are no standardized definitions for the calculations as well as the results, the Company’s calculations may not be comparable to similarly titled measures presented by other companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure.

***Non-GAAP Reconciliations***

(Dollars in thousands, except per share data)

**Three Months Ended**

**Six Months Ended**

**Jun 30, 2026**

**Mar 31, 2026**

**Dec 31, 2025**

**Sep 30, 2025**

**Jun 30, 2025**

**Jun 30, 2026**

**Jun 30, 2025**

**Adjusted Pre-Provision Net Revenue (“PPNR”)**

Net income (GAAP)

$

87,091

$

88,228

$

78,948

$

59,788

$

1,018

$

175,319

$

42,536

Income taxes

21,553

22,195

17,885

15,478

1,649

43,748

12,097

Provision for credit losses (including unfunded commitments)

3,799

8,080

10,935

10,450

81,322

11,879

86,072

Pre-provision net revenue (non-GAAP)

$

112,443

$

118,503

$

107,768

$

85,716

$

83,989

$

230,946

$

140,705

Merger and conversion related expenses

—

—

10,567

17,494

20,479

—

21,270

Gain on sales of MSR

—

(209

)

—

—

(1,467

)

(209

)

(1,467

)

Adjusted pre-provision net revenue (non-GAAP)

$

112,443

$

118,294

$

118,335

$

103,210

$

103,001

$

230,737

$

160,508

**Adjusted Net Income and Adjusted Tangible Net Income**

Net income (GAAP)

$

87,091

$

88,228

$

78,948

$

59,788

$

1,018

$

175,319

$

42,536

Amortization of intangibles

8,370

8,220

8,465

8,674

8,884

16,590

9,964

Tax effect of adjustments noted above(1)

(2,084

)

(2,047

)

(2,112

)

(2,164

)

(2,212

)

(4,131

)

(2,481

)

Tangible net income (non-GAAP)

$

93,377

$

94,401

$

85,301

$

66,298

$

7,690

$

187,778

$

50,019

Net income (GAAP)

$

87,091

$

88,228

$

78,948

$

59,788

$

1,018

$

175,319

$

42,536

Merger and conversion related expenses

—

—

10,567

17,494

20,479

—

21,270

Day 1 acquisition provision for loan losses

—

—

—

—

62,190

—

62,190

Day 1 acquisition provision for unfunded commitments

—

—

—

—

4,422

—

4,422

Gain on sales of MSR

—

(209

)

—

—

(1,467

)

(209

)

(1,467

)

Tax effect of adjustments noted above(1)

—

52

(2,636

)

(4,365

)

(20,765

)

52

(20,964

)

Adjusted net income (non-GAAP)

$

87,091

$

88,071

$

86,879

$

72,917

$

65,877

$

175,162

$

107,987

Amortization of intangibles

8,370

8,220

8,465

8,674

8,884

16,590

9,964

Tax effect of adjustments noted above(1)

(2,084

)

(2,047

)

(2,112

)

(2,164

)

(2,212

)

(4,131

)

(2,481

)

Adjusted tangible net income (non-GAAP)

$

93,377

$

94,244

$

93,232

$

79,427

$

72,549

$

187,621

$

115,470

**Tangible Assets and Tangible Shareholders’ Equity**

Average shareholders’ equity (GAAP)

$

3,851,601

$

3,888,581

$

3,849,791

$

3,794,996

$

3,745,051

$

3,869,989

$

3,221,773

Average intangible assets

(1,546,924

)

(1,548,244

)

(1,563,189

)

(1,578,846

)

(1,589,490

)

(1,547,581

)

(1,297,622

)

Average tangible shareholders’ equity (non-GAAP)

$

2,304,677

$

2,340,337

$

2,286,602

$

2,216,150

$

2,155,561

$

2,322,408

$

1,924,151

Average assets (GAAP)

$

26,800,293

$

26,855,360

$

26,693,539

$

26,456,596

$

26,182,865

$

26,827,675

$

22,108,884

Average intangible assets

(1,546,924

)

(1,548,244

)

(1,563,189

)

(1,578,846

)

(1,589,490

)

(1,547,581

)

(1,297,622

)

Average tangible assets (non-GAAP)

$

25,253,369

$

25,307,116

$

25,130,350

$

24,877,750

$

24,593,375

$

25,280,094

$

20,811,262

Shareholders’ equity (GAAP)

$

3,871,378

$

3,866,918

$

3,884,905

$

3,825,778

$

3,778,854

$

3,871,378

$

3,778,854

Intangible assets

(1,555,560

)

(1,545,059

)

(1,552,452

)

(1,566,788

)

(1,583,533

)

(1,555,560

)

(1,583,533

)

Tangible shareholders’ equity (non-GAAP)

$

2,315,818

$

2,321,859

$

2,332,453

$

2,258,990

$

2,195,321

$

2,315,818

$

2,195,321

Total assets (GAAP)

$

27,004,999

$

27,107,274

$

26,751,426

$

26,726,165

$

26,624,975

$

27,004,999

$

26,624,975

Intangible assets

(1,555,560

)

(1,545,059

)

(1,552,452

)

(1,566,788

)

(1,583,533

)

(1,555,560

)

(1,583,533

)

Total tangible assets (non-GAAP)

$

25,449,439

$

25,562,215

$

25,198,974

$

25,159,377

$

25,041,442

$

25,449,439

$

25,041,442

**Adjusted Performance Ratios**

Return on average assets (GAAP)

1.30

%

1.33

%

1.17

%

0.90

%

0.02

%

1.32

%

0.39

%

Adjusted return on average assets (non-GAAP)

1.30

1.33

1.29

1.09

1.01

1.32

0.98

Return on average tangible assets (non-GAAP)

1.48

1.51

1.35

1.06

0.13

1.50

0.48

Pre-provision net revenue to average assets (non-GAAP)

1.68

1.79

1.60

1.29

1.29

1.74

1.28

Adjusted pre-provision net revenue to average assets (non-GAAP)

1.68

1.79

1.76

1.55

1.58

1.73

1.46

Adjusted return on average tangible assets (non-GAAP)

1.48

1.51

1.47

1.27

1.18

1.50

1.12

Return on average equity (GAAP)

9.07

9.20

8.14

6.25

0.11

9.14

2.66

Adjusted return on average equity (non-GAAP)

9.07

9.19

8.95

7.62

7.06

9.13

6.76

Return on average tangible equity (non-GAAP)

16.25

16.36

14.80

11.87

1.43

16.30

5.24

Adjusted return on average tangible equity (non-GAAP)

16.25

16.33

16.18

14.22

13.50

16.29

12.10

**Adjusted Diluted Earnings Per Share**

Average diluted shares outstanding

92,220,282

94,228,343

95,172,380

95,284,603

95,136,160

93,219,350

79,671,775

Diluted earnings per share (GAAP)

$

0.94

$

0.94

$

0.83

$

0.63

$

0.01

$

1.88

$

0.53

Adjusted diluted earnings per share (non-GAAP)

$

0.94

$

0.93

$

0.91

$

0.77

$

0.69

$

1.88

$

1.36

**Tangible Book Value Per Share**

Shares outstanding

91,403,230

92,881,329

94,636,207

95,020,881

95,019,311

91,403,230

95,019,311

Book value per share (GAAP)

$

42.35

$

41.63

$

41.05

$

40.26

$

39.77

$

42.35

$

39.77

Tangible book value per share (non-GAAP)

$

25.34

$

25.00

$

24.65

$

23.77

$

23.10

$

25.34

$

23.10

**Tangible Common Equity Ratio**

Shareholders’ equity to assets (GAAP)

14.34

%

14.27

%

14.52

%

14.31

%

14.19

%

14.34

%

14.19

%

Tangible common equity ratio (non-GAAP)

9.10

%

9.08

%

9.26

%

8.98

%

8.77

%

9.10

%

8.77

%

**Adjusted Efficiency Ratio**

Net interest income (FTE) (GAAP)

$

227,657

$

228,424

$

232,361

$

228,131

$

222,717

$

456,081

$

360,149

Total noninterest income (GAAP)

$

51,190

$

50,272

$

51,125

$

46,026

$

48,334

$

101,462

$

84,729

Gain on sales of MSR

—

(209

)

—

—

(1,467

)

(209

)

(1,467

)

Total adjusted noninterest income (non-GAAP)

$

51,190

$

50,063

$

51,125

$

46,026

$

46,867

$

101,253

$

83,262

Noninterest expense (GAAP)

$

161,501

$

155,328

$

170,750

$

183,830

$

183,204

$

316,829

$

297,080

Amortization of intangibles

(8,370

)

(8,220

)

(8,465

)

(8,674

)

(8,884

)

—

(16,590

)

(9,964

)

Merger and conversion expense

—

—

(10,567

)

(17,494

)

(20,479

)

—

(21,270

)

Total adjusted noninterest expense (non-GAAP)

$

153,131

$

147,108

$

151,718

$

157,662

$

153,841

$

300,239

$

265,846

Efficiency ratio (GAAP)

57.92

%

55.73

%

60.23

%

67.05

%

67.59

%

56.83

%

66.78

%

Adjusted efficiency ratio (non-GAAP)

54.92

%

52.82

%

53.52

%

57.51

%

57.07

%

53.87

%

59.95

%

**Adjusted Net Interest Income and Adjusted Net Interest Margin**

Net interest income (FTE) (GAAP)

$

227,657

$

228,424

$

232,361

$

228,131

$

222,717

$

456,081

$

360,149

Net interest income collected on problem loans

(1,166

)

(210

)

(2,767

)

(664

)

(2,779

)

(1,376

)

(3,805

)

Accretion recognized on purchased loans

(12,327

)

(15,248

)

(13,632

)

(16,862

)

(17,834

)

(27,575

)

(18,392

)

Amortization recognized on purchased time deposits

—

—

—

2,995

4,396

—

4,396

Amortization recognized on purchased long term borrowings

336

336

335

837

1,072

672

1,072

Adjustments to net interest income

$

(13,157

)

$

(15,122

)

$

(16,064

)

$

(13,694

)

$

(15,145

)

$

(28,279

)

$

(16,729

)

Adjusted net interest income (FTE) (non-GAAP)

$

214,500

$

213,302

$

216,297

$

214,437

$

207,572

$

427,802

$

343,420

Net interest margin (FTE) (GAAP)

3.83

%

3.87

%

3.89

%

3.85

%

3.85

%

3.85

%

3.68

%

Adjusted net interest margin (FTE) (non-GAAP)

3.61

%

3.61

%

3.62

%

3.62

%

3.58

%

3.61

%

3.51

%

**Adjusted Loan Yield**

Loan interest income (FTE) (GAAP)

$

300,112

$

299,125

$

309,667

$

311,903

$

304,834

$

599,237

$

504,338

Net interest income collected on problem loans

(1,166

)

(210

)

(2,767

)

(664

)

(2,779

)

(1,376

)

(3,805

)

Accretion recognized on purchased loans

(12,327

)

(15,248

)

(13,632

)

(16,862

)

(17,834

)

(27,575

)

(18,392

)

Adjusted loan interest income (FTE) (non-GAAP)

$

286,619

$

283,667

$

293,268

$

294,377

$

284,221

$

570,286

$

482,141

Loan yield (GAAP)

6.31

%

6.37

%

6.45

%

6.60

%

6.63

%

6.34

%

6.47

%

Adjusted loan yield (non-GAAP)

6.03

%

6.04

%

6.11

%

6.23

%

6.18

%

6.04

%

6.18

%

(1) Tax effect is calculated based on the respective legal entity’s appropriate federal and state tax rates (as applicable) for the period, and includes the estimated impact of both current and deferred tax expense.

Contacts:

For Media:

For Financials:

John S. Oxford

James C. Mabry IV

Senior Vice President

Executive Vice President

Chief Marketing Officer

Chief Financial Officer

(662) 680-1219

(662) 680-1281

### Related Stocks

- [RNST.US](https://longbridge.com/en/quote/RNST.US.md)

## Related News & Research

- [Renasant Q2 FY26 net income rises 32.17% to $87.1 million](https://longbridge.com/en/news/294111798.md)
- [Algorhythm Holdings Reports Second Quarter 2026 Financial Results](https://longbridge.com/en/news/296124832.md)
- [ZTO Express Q2 2026 Earnings Preview](https://longbridge.com/en/news/296149351.md)
- [Public Storage announces R$ 0.41 per unit dividend for Q3 2026](https://longbridge.com/en/news/296635332.md)
- [REG - UIL Limited UIL Finance Ltd - Purchase of 2026 ZDP Shares](https://longbridge.com/en/news/296518280.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**