• Like a smaller, diversified regional bank such as **Truist**, serving the Southeastern U.S.
• Similar to **PNC Bank** or **U.S. Bank**, but focused on the Southeast and with a more integrated insurance agency business.

• Deposit Accounts: Offers various checking and savings accounts for individuals and businesses.
• Lending Services: Provides a wide range of loans including business, personal, mortgage, commercial real estate, construction, and equipment financing.
• Digital and Treasury Services: Delivers banking convenience through ATMs, online/mobile banking, call centers, and treasury management solutions.
• Insurance Services: Offers commercial and personal insurance products through its insurance agency.
• Wealth Management Services: Provides comprehensive wealth management, trust administration, and fiduciary services.
• Investment Services: Facilitates access to annuities, mutual funds, and other investment products.

Renasant (RNST) serves a diverse customer base, primarily categorized as follows:

1. Individuals (Retail Customers): This category includes customers seeking personal banking services such as checking and savings accounts, personal loans, 1-4 family mortgages, installment loans, and personal insurance products.
2. Businesses (Commercial Customers): This category encompasses various companies and organizations utilizing Renasant for business checking and savings accounts, commercial and agricultural loans, equipment financing and leasing, commercial real estate and construction loans, treasury management services, and commercial insurance products.
3. Wealth Management Clients: This segment caters to both individuals and corporate entities requiring specialized financial services including the administration and management of trust accounts (personal and corporate benefit accounts), investment services (annuities, mutual funds), qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estate management.

Kevin D. Chapman President and Chief Executive Officer

Kevin D. Chapman was appointed Chief Executive Officer and President of Renasant Corporation and Renasant Bank in May 2025. He previously served as President since May 2023 and as Chief Operating Officer from May 2018 to May 2025. Prior to these roles, Mr. Chapman held various positions at Renasant, including Chief Financial Officer from October 2011 to August 2020, Chief Strategy Officer, Chief Accounting Officer, and Corporate Controller. With over 25 years of experience in the financial services industry, his background encompasses initial public offerings, capital markets, mergers and acquisitions, capital raises, investor relations, and corporate strategy. Before joining Renasant in 2005, Mr. Chapman worked as a Corporate Controller for a large regional bank and as an accountant with Ernst and Young. He holds an M.B.A. and a B.S. in Accounting from Troy University and is a licensed Certified Public Accountant (CPA) in Alabama.

James C. Mabry IV Chief Financial Officer, Senior Executive Vice President

James C. Mabry IV joined Renasant as Executive Vice President and Chief Financial Officer in August 2020, also overseeing the company's mergers and acquisition activities and investor relations. Before his tenure at Renasant, Mr. Mabry was the Executive Vice President of Investor Relations and Mergers/Acquisitions for South State Corporation, a position he held starting in August 2015. Prior to that, he served as a managing director at Keefe, Bruyette and Woods (a Stifel Company), where he was responsible for leading mergers and acquisitions, strategic advisory, and capital markets services for banking companies. Mr. Mabry began his career with KBW in New York in 1983. He earned his Bachelor of Arts from UNC Charlotte and an MBA from UNC Kenan-Flagler.

C. Mitchell Waycaster Executive Vice Chairman

C. Mitchell Waycaster transitioned from his role as Chief Executive Officer in May 2025 and continues to serve as Executive Vice Chairman for both Renasant Corporation and Renasant Bank. In his current capacity, he remains engaged in strategic planning, investor relations, mergers and acquisitions, and provides guidance and board-level oversight for the company.

Kelly W. Hutcheson Chief Accounting Officer, Executive Vice President

Kelly W. Hutcheson serves as Chief Accounting Officer and Executive Vice President. She previously held the role of Comptroller/Controller/Auditor as of February 2017.

Curtis J. Perry Chief Corporate Banking Officer, Executive Vice President

Curtis J. Perry is the Chief Corporate Banking Officer and Executive Vice President at Renasant. He is identified as an Executive Vice President with the company.

The key risks to Renasant Corporation's business, a regional bank operating in the southeastern U.S. with community banking, wealth management, and insurance services, are primarily concentrated in its loan portfolio, recent acquisition integration, and interest rate sensitivity.

1. Concentration in Commercial Real Estate (CRE) Loans and Credit Risk: Renasant's loan portfolio exhibits a significant concentration in commercial and real estate credit, with approximately 75.10% of its loans in commercial & industrial (C&I), construction, and commercial real estate, including specific concentrations in non-owner-occupied commercial real estate and construction. This high exposure makes the company vulnerable to regional economic downturns, declining property values, and rising delinquencies within the CRE sector, particularly for office and multifamily properties. The company's criticized loan ratio has increased, indicating a worsening trend in asset quality.

2. Integration Risks from Acquisition and Material Weakness in Internal Control: Renasant recently completed a merger with The First Bancshares, Inc., which expands its footprint but introduces integration challenges. These risks include potential difficulties in integrating operations and differing corporate cultures, which could prevent the realization of anticipated merger benefits. Furthermore, Renasant has identified a material weakness in its internal control over financial reporting directly linked to the acquisition, raising concerns about the accuracy and reliability of financial statements and potentially leading to increased regulatory scrutiny.

3. Interest Rate Risk and Deposit Pricing Pressures: As a financial institution heavily reliant on interest income, Renasant is exposed to fluctuations in interest rates. Changes in the interest rate environment can negatively impact the company's net interest margin and overall profitability. Specifically, the bank has experienced deposit pricing pressures, leading to increased costs for its funding sources, which can further squeeze net interest income.

The following are clear emerging threats for Renasant:

• Rise of Digital-Only Banks and Fintech Platforms: Digital-first banks (neobanks) and specialized fintech companies offering lending, payment, and deposit services are increasingly attracting customers seeking convenience, specific digital features, and potentially lower fees or higher interest rates. These nimble competitors, unburdened by legacy infrastructure and extensive physical branch networks like Renasant's, can erode market share from traditional community banks in core services such as checking accounts, savings accounts, and personal/small business loans.
• Entry of Large Technology Companies into Core Financial Services: Major technology companies, leveraging their extensive user bases, brand loyalty, and technological prowess, are expanding their offerings into traditional banking products. Recent examples include high-yield savings accounts and integrated payment solutions offered by companies like Apple. These tech giants possess the potential to attract significant deposits and transaction volumes away from established banks, posing a formidable competitive threat to Renasant's deposit base and payment-related services.
• Growth of Robo-Advisors and Low-Cost Digital Wealth Management: The wealth management industry is experiencing disruption from automated, low-cost investment platforms known as robo-advisors (e.g., Betterment, Wealthfront). These services provide automated portfolio management and financial planning at significantly lower fees than traditional advisory services. This trend directly threatens Renasant's Wealth Management segment by offering an alternative for clients, particularly those with smaller to mid-sized portfolios, who might otherwise utilize Renasant's trust administration, investment, and fiduciary services.

Community Banking Segment

• The U.S. community banking market was valued at approximately USD 6.35 billion in 2024. Another estimate indicates the Community Banking Market was valued at USD 16.76 billion in 2024.
• The broader U.S. retail banking market generated revenue of USD 454.3 billion in 2024 and is projected to reach USD 678.3 billion by 2033.
• The U.S. commercial banking market is estimated at USD 226.44 billion in 2024 and is expected to grow to USD 269.28 billion by 2029.

Insurance Segment

• The total U.S. insurance industry recorded net premiums written of USD 1.7 trillion in 2024. This market is anticipated to exceed USD 3.71 trillion by 2033.
• For the U.S. property/casualty (P/C) insurance sector, direct premiums written by line rose to USD 1.06 trillion in 2024.
• Aggregated direct premiums for commercial business lines in the U.S. grew to USD 502.35 billion in 2024.
• Personal lines insurance, which is the largest component of the U.S. P/C insurance sector, comprised more than 54% of the industry's net written premiums in 2024. Based on total P/C direct premiums of USD 1.06 trillion, this would equate to approximately USD 572.4 billion.

Wealth Management Segment

• Revenues generated from fee-based advisory relationships within the U.S. wealth management industry reached an estimated USD 260 billion in 2024.
• The total assets under management (AUM) for the U.S. investment adviser industry grew from USD 128.4 trillion to USD 144.6 trillion in 2024.
• The U.S. trust and corporate services market is estimated at USD 2.2 billion in 2024.
• Sales of annuities in the United States grew by 12% in 2024, reaching USD 432.4 billion.

Renasant Corporation (RNST) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

1. Organic Loan Growth: Renasant consistently emphasizes and has demonstrated strong organic loan growth across various markets and segments. For instance, the company reported solid loan growth in recent quarters, with Q1 2024 showing $149 million in loan growth (annualized approximately 5%) and Q1 2025 reporting $171 million in loan growth (annualized 5.4%). This ongoing focus on expanding its loan portfolio is a fundamental driver of increased interest income.
2. Strategic Acquisitions and Market Expansion: The successful acquisition and integration of The First Bancshares, Inc. in April 2025 significantly expanded Renasant's geographic footprint and customer base, enhancing its product offerings. The company's strategic plan includes entering new markets to increase market share and diversify revenue.
3. Expansion of Product Offerings and Noninterest Income: Renasant is focused on expanding its product offerings, including specialized lending services like asset-based lending and factoring, which contribute to revenue diversification. Additionally, the company aims to grow noninterest income, with fee-based services such as trust, mortgage, and other fee income sources demonstrating performance that has surpassed projections.
4. Net Interest Margin (NIM) Expansion through Effective Deposit Cost Management: Renasant actively manages its funding costs by focusing on growing core deposits and reducing reliance on higher-cost funding sources. This strategy has led to net interest margin expansion, with reported increases in NIM due to declining deposit costs in recent quarters, which directly boosts net interest income.

Share Repurchases

• Renasant announced a $100 million stock repurchase program in October 2023, which remained in effect through October 2024.
• A new $100 million stock repurchase program was approved in October 2024, replacing the previous one, and is authorized for one year or until fully utilized.
• In October 2025, the company announced a $150 million stock buyback plan, effective for 12 months or until the authorization is consumed.

Share Issuance

• In July 2024, Renasant completed a public offering of 7,187,500 shares of its common stock at $32.00 per share, including the underwriters' full exercise of their option to purchase additional shares.
• The aggregate gross proceeds from this offering were $230.0 million, with net proceeds of approximately $217.0 million after deducting underwriting discounts and other estimated offering expenses.
• The net proceeds from the July 2024 offering were intended for general corporate purposes, including supporting the growth of Renasant Bank and potential strategic acquisitions.

Outbound Investments

• In July 2024, Renasant announced a definitive agreement to merge with The First Bancshares, Inc., in an all-stock transaction valued at approximately $1.2 billion, which was expected to close in the first half of 2025.
• This merger was projected to create a six-state Southeastern banking franchise with approximately $25 billion in total assets.
• Renasant completed the sale of its insurance agency, Renasant Insurance, to a large regional insurance provider in 2024.

Capital Expenditures

• Renasant's capital expenditures were $31 million in 2021, $28 million in 2022, $11 million in 2023, $14 million in 2024, and $21 million in 2025.