Renasant (RNST) investor relations material

Executive summary

• Net income for Q2 2026 was $87.1 million, with diluted and adjusted EPS at $0.94, up 36% year-over-year, reflecting strong profitability and performance ahead of the prior year.

• Adjusted return on average assets rose to 1.3% from 1.01%, and adjusted return on average tangible common equity increased to 16.25% from 13.5% year-over-year.

• The integration of The First Bancshares, Inc. and a factoring business expanded operations and contributed to revenue and asset growth.

• Focus on expanding core banking relationships and talent acquisition positions the company for continued growth in the second half of 2026.

• Management expects continued strong profitability and growth opportunities across its footprint, supported by operational strength and recent acquisitions.

Financial highlights

• Loans grew by $220.9 million sequentially (4.7% annualized), including a $58.3 million portfolio acquisition; deposits declined by $398.4 million sequentially, mainly due to seasonal public fund outflows.

• Net interest income for Q2 2026 was $227.7 million, with a net interest margin of 3.83%, down 4 basis points quarter-over-quarter; adjusted net interest margin was flat at 3.61%.

• Noninterest income for Q2 2026 was $51.2 million, up $0.9 million sequentially and 5.9% year-over-year; noninterest expense rose $6.2 million, mainly due to higher compensation accruals, health insurance claims, and merit increases.

• Efficiency ratio improved to 57.9% for Q2 2026 from 67.6% in Q2 2025; adjusted efficiency ratio was 54.92%.

• Book value per share was $42.35; tangible book value per share was $25.34, both increasing sequentially.

Outlook and guidance

• Loan production pipeline is up 6%-10% from the start of Q2, supporting mid-single digit loan growth guidance for the remainder of the year.

• Deposit growth expected to rebound in the second half as seasonal public fund outflows reverse and core deposit trends remain strong.

• Net interest margin expected to remain stable, with tailwinds from loan repricing and securities roll-off.

• Core non-interest expense is expected to moderate in Q3 and remain steady for the rest of the year, with some variability based on hiring success.

• Management expects continued benefits from recent acquisitions and ongoing cost control.