8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

January 25, 2022

Date of report (Date of earliest event reported)

RENASANT CORPORATION

(Exact name of registrant as specified in its charter)

Mississippi	001-13253	64-0676974
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

209 Troy Street, Tupelo, Mississippi 38804-4827

(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (662) 680-1001

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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 NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. ☐

Item 2.02. Results of Operations and Financial Condition.

On January 25, 2022, Renasant Corporation (“Renasant”) issued a press release announcing earnings for the fourth quarter of 2021. The press release is furnished as Exhibit 99.1 to this Form 8-K.

Item 7.01. Regulation FD Disclosure

On January 25, 2022, Renasant also made available presentation materials (the “Presentation”) prepared for use with Renasant’s earnings conference call on January 25, 2022. The Presentation is attached hereto and incorporated herein as Exhibit 99.2.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01, including Exhibit 99.2, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

The exhibits furnished herewith may contain, or incorporate by reference, statements about Renasant 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,” and 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 our actual results to differ materially from those in forward-looking statements include the following: (i) the continued impact of the COVID-19 pandemic (and variants thereof) and related governmental response measures on the U.S. economy and the economies of the markets in which we operate; (ii) the Renasant’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; (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) competitive pressures in the consumer finance, commercial finance, insurance, financial services, asset management, retail banking, mortgage lending and auto lending industries; (vi) the financial resources of, and products available from, competitors; (vii) changes in laws and regulations as well as changes in accounting standards; (viii) changes in policy by regulatory agencies; (ix) changes in the securities and foreign exchange markets; (x) the Renasant’s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xi) changes in the quality or composition of the Renasant’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers; (xii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiii) general economic, market or business conditions, including the impact of inflation; (xiv) changes in demand for loan products and financial services; (xv) concentration of credit exposure; (xvi) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xvii) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses; (xviii)

civil unrest, natural disasters, epidemics and other catastrophic events in the Renasant’s geographic area; (xix) the impact, extent and timing of technological changes; and (xx) other circumstances, many of which are beyond management’s control.

Management believes that the assumptions underlying Renasant’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 Renasant’s filings with the Securities and Exchange Commission (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.

Renasant 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.

Item 9.01.    Financial Statements and Exhibits.

    (d)    The following exhibits are furnished herewith:

    Exhibit No.    Description

99.1    Press release dated January 25, 2022 issued by Renasant Corporation announcing earnings for the fourth quarter of 2021.

99.2    Presentation materials for Renasant Fourth Quarter 2021 Earnings Call.

104    The cover page of Renasant Corporation's Form 8-K is formatted in Inline XBRL.

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 hereunto duly authorized.

	RENASANT CORPORATION
Date: January 25, 2022	By:	/s/ C. Mitchell Waycaster
		C. Mitchell Waycaster
		President and Chief Executive Officer

EX-99.1

Contacts:	For Media:	For Financials:
	John S. Oxford	James C. Mabry IV
	Senior Vice President	Executive Vice President
	Director of Marketing	Chief Financial Officer
	(662) 680-1219	(662) 680-1281

RENASANT CORPORATION ANNOUNCES

EARNINGS FOR THE FOURTH QUARTER OF 2021

TUPELO, MISSISSIPPI (January 25, 2022) - Renasant Corporation (NASDAQ: RNST) (the “Company”) today announced earnings results for the fourth quarter of 2021. Net income for the fourth quarter of 2021 was $37.1 million, as compared to $31.5 million for the fourth quarter of 2020. Basic and diluted earnings per share (“EPS”) were $0.66 for the fourth quarter of 2021, as compared to basic and diluted EPS of $0.56 for the fourth quarter of 2020.

Net income for the year ended December 31, 2021, was $175.9 million, as compared to net income of $83.7 million for the same period in 2020. Basic and diluted EPS were $3.13 and $3.12, respectively, for 2021, as compared to basic and diluted EPS of $1.49 and $1.48, respectively, for 2020.

“I am proud of the Renasant team and the efforts they put forth in 2021. We generated strong loan production in the fourth quarter and throughout the year, had solid earnings, strengthened capital and have considerable balance sheet liquidity heading into 2022,” commented C. Mitchell Waycaster, Renasant President and Chief Executive Officer. “We believe that the economic strength of our markets is good and business activity is vibrant. Our focus remains on producing loan growth and on initiatives designed to improve profitability.”

Quarterly Highlights

Earnings

•Net income for the fourth quarter of 2021 was $37.1 million with diluted EPS of $0.66 and adjusted diluted EPS (non-GAAP)(1) of $0.68

•Net interest income (fully tax equivalent) and core net interest income (fully tax equivalent) (non-GAAP)(1) for the fourth quarter of 2021 were $103.2 and $100.0 million, respectively. Core net interest income increased $1.7 million from the third quarter of 2021

•For the fourth quarter of 2021, net interest margin was 2.81%, down 12 basis points on a linked quarter basis, and core net interest margin (non-GAAP)(1) was 2.73%, down 3 basis points on a linked quarter basis

•Cost of total deposits was 18 basis points for the fourth quarter of 2021, down 3 basis points on a linked quarter basis

1

•Noninterest income, excluding mortgage banking income and swap termination gains, for the fourth quarter of 2021 increased on a linked quarter basis, highlighting the Company's diverse revenue streams

•The Company recognized a $4.7 million gain on terminated swaps with a total notional amount of $100 million on future FHLB borrowings that are no longer expected to occur

•The mortgage division generated $1.17 billion in interest rate lock volume during the fourth quarter of 2021 and $5.88 billion for the year ended December 31, 2021

•Fourth quarter noninterest expense decreased by $2.9 million on a linked quarter basis, primarily driven by a decrease in salaries and employee benefits expense resulting from ongoing efficiency initiatives

•The Company incurred a debt prepayment penalty of $6.1 million in connection with the prepayment of a $150 million long-term advance from the FHLB

Balance Sheet

•Loans, excluding Paycheck Protection Program (“PPP”) loans (non-GAAP)(1), grew modestly as compared to the balance at September 30, 2021 and increased $157.6 million, or 1.61%, year over year

•The securities portfolio at the end of 2021 increased $258.0 million on a linked quarter basis

•The Company established a held-to-maturity securities portfolio during the fourth quarter, which had a balance of $416.0 million at December 31, 2021

•Deposits at December 31, 2021 increased $651.0 million on a linked quarter basis, and noninterest bearing deposits represented 33.93% of total deposits as of the end of 2021

Capital

•During November 2021, the Company completed the public offering and sale of $200 million of its 3.00% fixed-to-floating rate subordinated notes due 2031

•The Company redeemed $15 million in subordinated notes in October 2021 and $30 million in December 2021, with an additional $30 million to be redeemed on March 1, 2022

•The Company adopted a $50 million stock repurchase program that will remain in effect through October 2022; however, there was no buyback activity during the fourth quarter of 2021 and no current intent to repurchase stock

Credit Quality

•The Company recorded a negative provision for credit losses on loans of $500 thousand and a negative provision for unfunded commitments (recorded in other noninterest expense) of $300 thousand for the fourth quarter of 2021

•Allowance for credit losses on loans to total loans and the allowance to total loans (excluding PPP loans) (non-GAAP)(1) decreased on a linked quarter basis to 1.64% and 1.65%, respectively, at December 31, 2021

•The coverage ratio, or the allowance for credit losses on loans to nonperforming loans, was 323.14% at December 31, 2021 as compared to 299.68% at September 30, 2021

•Net loan charge-offs for the fourth quarter of 2021 were $5.4 million, or 0.21% of average loans on an annualized basis, and net loan charge-offs for all of 2021 were $10.3 million, or 0.10% of average loans

•Credit metrics improved on a linked quarter basis with nonperforming loans to total loans decreasing six basis points to 0.51% and classified loans to total loans decreasing 27 basis points to 1.60% at year end

•Loan deferrals were approximately 0.01% of the Company's loan portfolio as of December 31, 2021, down from approximately 1.5% as of December 31, 2020

(1)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

Income Statement

(Dollars in thousands, except per share data)	Three Months Ended										Twelve Months Ended
	Dec 31, 2021		Sep 30, 2021		Jun 30, 2021		Mar 31, 2021		Dec 31, 2020		Dec 31, 2021		Dec 31, 2020
Interest income
Loans held for investment	$	98,478	$	102,627	$	109,721	$	112,006	$	112,157	$	422,832	$	454,241
Loans held for sale	3,652		2,377		3,604		2,999		3,083		12,632		12,191
Securities	9,221		8,416		7,321		6,574		6,594		31,532		30,511
Other	568		593		345		183		92		1,689		1,189
Total interest income	111,919		114,013		120,991		121,762		121,926		468,685		498,132
Interest expense
Deposits	6,056		6,972		7,669		8,279		9,841		28,976		54,016
Borrowings	4,381		3,749		3,743		3,835		3,958		15,708		17,319
Total interest expense	10,437		10,721		11,412		12,114		13,799		44,684		71,335
(Recovery) provision for credit losses
(Recovery) provision for loan losses	(500)		(1,200)		—		—		9,000		(1,700)		85,350
Provision for credit losses on HTM securities	32		—		—		—		—		32		—
Provision for other credit losses	—		—		—		—		1,500		—		1,500
Total (recovery) provision for credit losses	(468)		(1,200)		—		—		10,500		(1,668)		86,850
Net interest income after (recovery) provision for credit losses	101,950		104,492		109,579		109,648		97,627		425,669		339,947
Noninterest income	47,582		50,755		47,610		81,037		62,864		226,984		235,532
Noninterest expense	101,115		103,999		108,777		115,935		122,152		429,826		471,988
Income before income taxes	48,417		51,248		48,412		74,750		38,339		222,827		103,491
Income taxes	11,363		11,185		7,545		16,842		6,818		46,935		19,840
Net income	$	37,054	$	40,063	$	40,867	$	57,908	$	31,521	$	175,892	$	83,651
Adjusted net income (non-GAAP)(1)	$	38,232	$	40,315	$	41,169	$	48,244	$	38,131	$	167,951	$	109,115
Adjusted pre-provision net revenue (“PPNR”) (non-GAAP)(1)	$	49,190	$	50,171	$	48,797	$	62,266	$	57,392	$	210,424	$	231,136
Basic earnings per share	$	0.66	$	0.71	$	0.73	$	1.03	$	0.56	$	3.13	$	1.49
Diluted earnings per share	0.66		0.71		0.72		1.02		0.56		3.12		1.48
Adjusted diluted earnings per share (non-GAAP)(1)	0.68		0.71		0.73		0.85		0.68		2.98		1.93
Average basic shares outstanding	55,751,487		56,146,285		56,325,717		56,240,201		56,197,847		56,114,666		56,270,566
Average diluted shares outstanding	56,105,050		56,447,184		56,635,898		56,519,199		56,489,809		56,424,484		56,468,165
Cash dividends per common share	$	0.22	$	0.22	$	0.22	$	0.22	$	0.22	$	0.88	$	0.88

(1)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.

3

Performance Ratios

	Three Months Ended										Twelve Months Ended
	Dec 31, 2021		Sep 30, 2021		Jun 30, 2021		Mar 31, 2021		Dec 31, 2020		Dec 31, 2021		Dec 31, 2020
Return on average assets	0.89	%	0.99	%	1.04	%	1.54	%	0.84	%	1.11	%	0.58	%
Adjusted return on average assets (non-GAAP)(1)	0.92		0.99		1.04		1.29		1.02		1.06		0.75
Return on average tangible assets (non-GAAP)(1)	0.98		1.08		1.14		1.69		0.94		1.21		0.66
Adjusted return on average tangible assets (non-GAAP)(1)	1.01		1.09		1.14		1.41		1.13		1.16		0.85
Return on average equity	6.59		7.16		7.40		10.81		5.88		7.96		3.96
Adjusted return on average equity (non-GAAP)(1)	6.80		7.21		7.46		9.01		7.11		7.60		5.16
Return on average tangible equity (non-GAAP)(1)	11.94		13.05		13.54		19.93		11.26		14.53		7.83
Adjusted return on average tangible equity (non-GAAP)(1)	12.31		13.13		13.64		16.68		13.52		13.89		10.06
Efficiency ratio (fully tax equivalent)	67.04		66.77		68.49		60.29		70.65		65.35		70.53
Adjusted efficiency ratio (non-GAAP)(1)	64.18		66.06		67.28		63.85		64.35		65.32		64.00
Dividend payout ratio	33.33		30.99		30.14		21.36		39.29		28.12		59.06
Effective Tax Rate	23.53		21.83		21.62		22.59		17.91		22.41		19.40

Capital and Balance Sheet Ratios

	As of
	Dec 31, 2021			Sep 30, 2021			Jun 30, 2021			Mar 31, 2021			Dec 31, 2020
Shares Outstanding	55,756,233			55,747,407			56,350,878			56,294,346			56,200,487
Market Value Per Share	$	37.95		$	36.05		$	40.00		$	41.38		$	33.68
Book Value Per Share	39.63			39.53			39.11			38.61			37.95
Tangible Book Value Per Share (non-GAAP)(1)	22.35			22.22			21.95			21.41			20.69
Shareholders' Equity to Assets	13.15		%	13.64		%	13.75		%	13.91		%	14.29		%
Tangible Common Equity Ratio (non-GAAP)(1)	7.86			8.15			8.22			8.23			8.33
Leverage Ratio	9.15			9.18			9.30			9.49			9.37
Common equity tier 1 capital ratio	11.18			11.02			11.14			11.05			10.93
Tier 1 risk-based capital ratio	12.10			11.94			12.07			12.00			11.91
Total risk-based capital ratio	16.14			14.66			15.11			15.09			15.07

(1)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.

4

Noninterest Income and Noninterest Expense

(Dollars in thousands)	Three Months Ended										Twelve Months Ended
	Dec 31, 2021		Sep 30, 2021		Jun 30, 2021		Mar 31, 2021		Dec 31, 2020		Dec 31, 2021		Dec 31, 2020
Noninterest income
Service charges on deposit accounts	$	9,751	$	9,337	$	9,458	$	8,023	$	7,938	$	36,569	$	31,326
Fees and commissions	3,885		3,837		4,110		3,900		3,616		15,732		13,043
Insurance commissions	2,353		2,829		2,422		2,237		2,193		9,841		8,990
Wealth management revenue	5,273		5,371		5,019		4,792		4,314		20,455		16,504
Mortgage banking income	14,726		23,292		20,853		50,733		39,760		109,604		150,499
Swap termination gains	4,676		—		—		—		—		4,676		—
Net gains on sales of securities	49		764		—		1,357		15		2,170		46
BOLI income	2,048		1,602		1,644		2,072		1,868		7,366		5,627
Other	4,821		3,723		4,104		7,923		3,160		20,571		9,497
Total noninterest income	$	47,582	$	50,755	$	47,610	$	81,037	$	62,864	$	226,984	$	235,532
Noninterest expense
Salaries and employee benefits	$	62,523	$	69,115	$	70,293	$	78,696	$	74,432	$	280,627	$	302,388
Data processing	5,346		5,277		5,652		5,451		5,373		21,726		20,685
Net occupancy and equipment	11,177		11,748		11,374		12,538		13,153		46,837		54,080
Other real estate owned	(60)		168		104		41		683		253		2,754
Professional fees	3,209		2,972		2,674		2,921		2,938		11,776		11,293
Advertising and public relations	2,929		2,922		3,100		3,252		1,762		12,203		10,322
Intangible amortization	1,424		1,481		1,539		1,598		1,659		6,042		7,121
Communications	2,088		2,198		2,291		2,292		2,168		8,869		8,866
Restructuring charges	61		—		15		292		7,365		368		7,365
Swap termination charges	—		—		—		—		2,040		—		2,040
Debt prepayment penalty	6,123		—		—		—		3		6,123		121
Other	6,295		8,118		11,735		8,854		10,576		35,002		44,953
Total noninterest expense	$	101,115	$	103,999	$	108,777	$	115,935	$	122,152	$	429,826	$	471,988

Mortgage Banking Income

(Dollars in thousands)	Three Months Ended										Twelve Months Ended
	Dec 31, 2021		Sep 30, 2021		Jun 30, 2021		Mar 31, 2021		Dec 31, 2020		Dec 31, 2021		Dec 31, 2020
Gain on sales of loans, net	$	10,801	$	20,116	$	17,581	$	33,901	$	36,080	$	82,399	$	150,406
Fees, net	4,320		3,420		4,519		4,902		5,318		17,161		18,914
Mortgage servicing income, net	(395)		(244)		(1,247)		(1,631)		(3,606)		(3,517)		(7,095)
MSR valuation adjustment	—		—		—		13,561		1,968		13,561		(11,726)
Total mortgage banking income	$	14,726	$	23,292	$	20,853	$	50,733	$	39,760	$	109,604	$	150,499

5

Balance Sheet

(Dollars in thousands)	As of
	Dec 31, 2021		Sep 30, 2021		Jun 30, 2021		Mar 31, 2021		Dec 31, 2020
Assets
Cash and cash equivalents	$	1,877,965	$	1,476,141	$	1,605,488	$	1,261,916	$	633,203
Securities held to maturity, at amortized cost	415,975		—		—		—		—
Securities available for sale, at fair value	2,386,680		2,544,643		2,163,820		1,536,041		1,343,457
Loans held for sale, at fair value	453,533		452,869		448,959		502,002		417,771
Loans:
Non purchased	9,011,012		8,875,880		8,892,544		9,292,502		9,419,540
Purchased	1,009,902		1,140,944		1,256,698		1,395,906		1,514,107
Total loans	10,020,914		10,016,824		10,149,242		10,688,408		10,933,647
Allowance for credit losses on loans	(164,171)		(170,038)		(172,354)		(173,106)		(176,144)
Loans, net	9,856,743		9,846,786		9,976,888		10,515,302		10,757,503
Premises and equipment, net	293,122		294,499		293,203		300,917		300,496
Other real estate owned	2,540		4,705		4,939		5,971		5,972
Goodwill	939,683		939,683		939,683		939,683		939,683
Other intangibles	24,098		25,522		27,003		28,542		30,139
Bank-owned life insurance	287,359		286,088		279,444		233,508		230,609
Mortgage servicing rights	89,018		86,387		84,912		80,263		62,994
Other assets	183,595		198,227		198,047		218,426		207,785
Total assets	$	16,810,311	$	16,155,550	$	16,022,386	$	15,622,571	$	14,929,612
Liabilities and Shareholders’ Equity
Liabilities
Deposits:
Noninterest-bearing	$	4,718,124	$	4,492,650	$	4,349,135	$	4,135,360	$	3,685,048
Interest-bearing	9,187,600		8,762,179		8,766,216		8,601,548		8,374,033
Total deposits	13,905,724		13,254,829		13,115,351		12,736,908		12,059,081
Short-term borrowings	13,947		11,253		14,933		12,154		21,340
Long-term debt	471,209		468,863		469,406		467,660		474,970
Other liabilities	209,578		216,661		218,889		232,148		241,488
Total liabilities	14,600,458		13,951,606		13,818,579		13,448,870		12,796,879
Shareholders’ equity:
Preferred stock	—		—		—		—		—
Common stock	$	296,483	$	296,483	$	296,483	$	296,483	$	296,483
Treasury stock	(118,027)		(118,288)		(97,249)		(98,949)		(101,554)
Additional paid-in capital	1,300,192		1,298,022		1,295,879		1,294,911		1,296,963
Retained earnings	741,648		717,033		689,444		661,117		615,773
Accumulated other comprehensive income	(10,443)		10,694		19,250		20,139		25,068
Total shareholders’ equity	2,209,853		2,203,944		2,203,807		2,173,701		2,132,733
Total liabilities and shareholders’ equity	$	16,810,311	$	16,155,550	$	16,022,386	$	15,622,571	$	14,929,612

6

Net Interest Income and Net Interest Margin

(Dollars in thousands)	Three Months Ended
	December 31, 2021						September 30, 2021						December 31, 2020
	Average Balance		Interest Income/ Expense		Yield/    Rate		Average Balance		Interest Income/ Expense		Yield/    Rate		Average Balance		Interest Income/ Expense		Yield/    Rate
Interest-earning assets:
Non purchased loans	$	8,806,254	$	85,362	3.85	%	$	8,690,443	$	84,427	3.86	%	$	8,167,922	$	81,626	3.98	%
Purchased loans	1,079,630		13,823		5.09	%	1,200,429		15,840		5.24	%	1,598,593		21,560		5.37	%
PPP loans	62,726		485		3.07	%	126,870		3,503		10.95	%	1,252,990		10,271		3.26	%
Total loans	9,948,610		99,670		3.98	%	10,017,742		103,770		4.11	%	11,019,505		113,457		4.10	%
Loans held for sale	498,724		3,652		2.93	%	451,586		2,376		2.13	%	389,435		3,083		3.15	%
Taxable securities(1)	2,245,249		7,293		1.30	%	1,942,647		6,688		1.38	%	985,695		4,953		2.00	%
Tax-exempt securities	392,700		2,503		2.55	%	324,219		2,297		2.83	%	283,413		2,238		3.14	%
Total securities	2,637,949		9,796		1.49	%	2,266,866		8,985		1.59	%	1,269,108		7,191		2.25	%
Interest-bearing balances with banks	1,522,433		568		0.15	%	1,520,227		592		0.15	%	381,919		92		0.10	%
Total interest-earning assets	14,607,716		113,686		3.09	%	14,256,421		115,723		3.23	%	13,059,967		123,823		3.77	%
Cash and due from banks	201,941						195,095						196,552
Intangible assets	964,575						965,960						970,624
Other assets	676,408						712,673						670,912
Total assets	$	16,450,640					$	16,130,149					$	14,898,055
Interest-bearing liabilities:
Interest-bearing demand(2)	$	6,460,178	$	3,487	0.21	%	$	6,231,718	$	3,821	0.24	%	$	5,607,906	$	4,380	0.31	%
Savings deposits	1,045,784		151		0.06	%	1,006,847		192		0.08	%	830,304		165		0.08	%
Time deposits	1,434,162		2,418		0.67	%	1,506,192		2,959		0.78	%	1,752,787		5,296		1.20	%
Total interest-bearing deposits	8,940,124		6,056		0.27	%	8,744,757		6,972		0.32	%	8,190,997		9,841		0.48	%
Borrowed funds	434,546		4,381		4.03	%	482,709		3,749		3.08	%	516,414		3,958		3.05	%
Total interest-bearing liabilities	9,374,670		10,437		0.44	%	9,227,466		10,721		0.46	%	8,707,411		13,799		0.63	%
Noninterest-bearing deposits	4,633,885						4,470,262						3,808,595
Other liabilities	210,404						212,990						249,674
Shareholders’ equity	2,231,681						2,219,431						2,132,375
Total liabilities and shareholders’ equity	$	16,450,640					$	16,130,149					$	14,898,055
Net interest income/ net interest margin			$	103,249	2.81	%			$	105,002	2.93	%			$	110,024	3.35	%
Cost of funding					0.30	%					0.31	%					0.44	%
Cost of total deposits					0.18	%					0.21	%					0.33	%

(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.

7

Net Interest Income and Net Interest Margin, continued

(Dollars in thousands)	Twelve Months Ended
	December 31, 2021						December 31, 2020
	Average Balance		Interest Income/ Expense		Yield/    Rate		Average Balance		Interest Income/ Expense		Yield/    Rate
Interest-earning assets:
Non purchased loans	$	8,595,967	$	334,492	3.79	%	$	7,927,817	$	333,296	4.20	%
Purchased loans	1,265,144		68,010		5.38	%	1,807,354		101,785		5.63	%
PPP loans	448,959		24,794		7.38	%	858,385		23,605		2.75	%
Total loans	10,310,070		427,296		4.15	%	10,593,556		458,686		4.33	%
Loans held for sale	454,727		12,632		2.78	%	361,391		12,191		3.37	%
Taxable securities(1)	1,691,531		24,370		1.44	%	1,021,999		24,102		2.36	%
Tax-exempt securities	335,399		9,418		2.81	%	259,705		8,848		3.41	%
Total securities	2,026,930		33,788		1.67	%	1,281,704		32,950		2.57	%
Interest-bearing balances with banks	1,263,364		1,688		0.13	%	385,810		1,190		0.31	%
Total interest-earning assets	14,055,091		475,404		3.38	%	12,622,461		505,017		4.00	%
Cash and due from banks	199,705						201,815
Intangible assets	966,733						973,287
Other assets	684,457						705,886
Total assets	$	15,905,986					$	14,503,449
Interest-bearing liabilities:
Interest-bearing demand(2)	$	6,177,944	$	15,308	0.25	%	$	5,277,374	$	23,995	0.45	%
Savings deposits	976,616		698		0.07	%	764,146		758		0.10	%
Time deposits	1,539,763		12,970		0.84	%	1,952,213		29,263		1.50	%
Total interest-bearing deposits	8,694,323		28,976		0.33	%	7,993,733		54,016		0.68	%
Borrowed funds	470,993		15,708		3.34	%	765,769		17,319		2.26	%
Total interest-bearing liabilities	9,165,316		44,684		0.49	%	8,759,502		71,335		0.81	%
Noninterest-bearing deposits	4,310,834						3,391,619
Other liabilities	220,427						237,738
Shareholders’ equity	2,209,409						2,114,590
Total liabilities and shareholders’ equity	$	15,905,986					$	14,503,449
Net interest income/ net interest margin			$	430,720	3.07	%			$	433,682	3.44	%
Cost of funding					0.33	%					0.59	%
Cost of total deposits					0.22	%					0.47	%

(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.

8

Supplemental Margin Information

(Dollars in thousands)	Three Months Ended									Twelve Months Ended
	Dec 31, 2021			Sep 30, 2021			Dec 31, 2020			Dec 31, 2021			Dec 31, 2020
Earning asset mix:
Loans held for investment excluding PPP loans	67.68		%	69.38		%	74.79		%	70.16		%	77.13		%
PPP loans	0.43			0.89			9.59			3.19			6.80
Loans held for sale	3.41			3.17			2.98			3.24			2.86
Securities	18.06			15.90			9.72			14.42			10.15
Interest-bearing balances with banks	10.42			10.66			2.92			8.99			3.06
Total	100.00		%	100.00		%	100.00		%	100.00		%	100.00		%
Funding sources mix:
Noninterest-bearing demand	33.08		%	32.64		%	30.43		%	32.00		%	27.91		%
Interest-bearing demand	46.11			45.49			44.81			45.84			43.43
Savings	7.47			7.35			6.63			7.25			6.29
Time deposits	10.24			11.00			14.00			11.42			16.07
Borrowed funds	3.10			3.52			4.13			3.49			6.30
Total	100.00		%	100.00		%	100.00		%	100.00		%	100.00		%
Net interest income collected on problem loans	$	578		$	316		$	128		$	4,412		$	1,011
Total accretion on purchased loans	2,187			2,871			4,130			10,783			19,248
Total impact on net interest income	$	2,765		$	3,187		$	4,258		$	15,195		$	20,259
Impact on net interest margin	0.08		%	0.09		%	0.13		%	0.11		%	0.16		%
Impact on loan yield	0.11		%	0.13		%	0.15		%	0.15		%	0.18		%
Interest income on PPP loans	$	485		$	3,503		$	10,271		$	24,794		$	23,605
PPP impact on net interest margin	—		%	0.07		%	(0.01)		%	0.08		%	(0.05)		%
PPP impact on loan yield	—		%	0.09		%	(0.10)		%	0.06		%	(0.13)		%

9

Loan Portfolio

(Dollars in thousands)	As of
	Dec 31, 2021		Sep 30, 2021		Jun 30, 2021		Mar 31, 2021		Dec 31, 2020
Loan Portfolio:
Commercial, financial, agricultural	$	1,364,879	$	1,368,557	$	1,387,702	$	1,388,423	$	1,408,281
Lease financing	76,125		79,215		74,003		75,256		75,862
Real estate - construction	1,104,896		1,091,296		1,051,359		955,918		858,104
Real estate - 1-4 family mortgages	2,724,246		2,724,743		2,702,091		2,686,061		2,698,308
Real estate - commercial mortgages	4,549,037		4,535,730		4,530,169		4,549,027		4,554,852
Installment loans to individuals	143,340		149,821		156,987		172,859		209,537
Subtotal	9,962,523		9,949,362		9,902,311		9,827,544		9,804,944
PPP	58,391		67,462		246,931		860,864		1,128,703
Total loans	$	10,020,914	$	10,016,824	$	10,149,242	$	10,688,408	$	10,933,647

Credit Quality and Allowance for Credit Losses on Loans

(Dollars in thousands)	As of
	Dec 31, 2021			Sep 30, 2021			Jun 30, 2021			Mar 31, 2021			Dec 31, 2020
Nonperforming Assets:
Non purchased
Non purchased nonaccruing loans	$	30,751		$	29,266		$	27,101		$	24,794		$	20,369
Non purchased loans 90 days or more past due	1,074			908			800			2,235			3,783
Total non purchased nonperforming loans	31,825			30,174			27,901			27,029			24,152
Non purchased other real estate owned	951			2,252			1,675			2,292			2,045
Total non purchased nonperforming assets	32,776			32,426			29,576			29,321			26,197
Purchased
Purchased nonaccruing loans	$	18,613		$	26,492		$	27,690		$	28,947		$	31,051
Purchased loans 90 days or more past due	367			74			945			129			267
Total purchased nonperforming loans	18,980			26,566			28,635			29,076			31,318
Purchased other real estate owned	1,589			2,453			3,264			3,679			3,927
Total purchased nonperforming assets	$	20,569		$	29,019		$	31,899		$	32,755		$	35,245
Total nonperforming loans	$	50,805		$	56,740		$	56,536		$	56,105		$	55,470
Total nonperforming assets	$	53,345		$	61,445		$	61,475		$	62,076		$	61,442
Allowance for credit losses on loans	$	164,171		$	170,038		$	172,354		$	173,106		$	176,144
Net loan charge-offs (recoveries)	$	5,367		$	1,116		$	752		$	3,038		$	954
Annualized net loan charge-offs / average loans	0.21		%	0.04		%	0.03		%	0.11		%	0.03		%
Nonperforming loans / total loans	0.51			0.57			0.56			0.52			0.51
Nonperforming assets / total assets	0.32			0.38			0.38			0.40			0.41
Allowance for credit losses on loans / total loans	1.64			1.70			1.70			1.62			1.61
Allowance for credit losses on loans / nonperforming loans	323.14			299.68			304.86			308.54			317.55
Nonperforming loans / total loans excluding PPP loans (non-GAAP)(1)	0.51			0.57			0.57			0.57			0.57
Nonperforming assets / total assets excluding PPP loans (non-GAAP)(1)	0.32			0.38			0.39			0.42			0.45
Allowance for credit losses on loans / total loans excluding PPP loans (non-GAAP)(1)	1.65			1.71			1.74			1.76			1.80

(1)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.

10

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, January 26, 2022.

The webcast can be accessed through Renasant’s investor relations website at www.renasant.com or https://services.choruscall.com/mediaframe/webcast.html?webcastid=T0utveqz. To access the conference via telephone, dial 1-877-513-1143 in the United States and request the Renasant Corporation 2021 Fourth Quarter Earnings Conference Call and Webcast. International participants should dial 1-412-902-4145 to access the conference call.

The webcast will be archived on www.renasant.com beginning one hour after the call and will remain accessible for one year. Replays can also be accessed via telephone by dialing 1-877-344-7529 in the United States and entering conference number 1882552 or by dialing 1-412-317-0088 internationally and entering the same conference number. Telephone replay access is available until February 9, 2022.

ABOUT RENASANT CORPORATION:

Renasant Corporation is the parent of Renasant Bank, a 117-year-old financial services institution. Renasant has assets of approximately $16.8 billion and operates 199 banking, lending, mortgage, wealth management and insurance offices in Mississippi, Tennessee, Alabama, Florida, Georgia, North Carolina and South Carolina.

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,” and 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 our actual results to differ materially from those in forward-looking statements include the following: (i) the continued impact of the COVID-19 pandemic (and variants thereof) and related governmental response measures on the U.S. economy and the economies of the markets in which we operate; (ii) 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; (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) competitive pressures in the consumer finance, commercial finance, insurance, financial services, asset management, retail banking, mortgage lending and auto lending industries; (vi) the financial resources of, and products available from, competitors; (vii) changes in laws and regulations as well as changes in accounting standards; (viii) changes in policy by regulatory agencies; (ix) changes in the securities and foreign exchange markets; (x) the Company’s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xi) 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; (xii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiii) general economic, market or business conditions, including the impact of inflation; (xiv) changes in demand for loan products and financial services; (xv) concentration of credit exposure; (xvi) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xvii) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses; (xviii) civil unrest, natural disasters, epidemics and other catastrophic events in the Company’s geographic area; (xix) the impact, extent and timing of technological changes; and (xx) other circumstances, many of which are beyond management’s control.

11

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 Securities and Exchange Commission (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) loans excluding Paycheck Protection Program (“PPP”) loans, (ii) core loan yield, (iii) core net interest income and margin, (iv) adjusted pre-provision net revenue, (v) adjusted net income, (vi) adjusted diluted earnings per share, (vii) tangible book value per share, (viii) tangible common equity ratio, (ix) certain asset quality ratios (namely, loans 30-89 past due to total loans, classified loans to total loans, nonperforming loans to total loans, nonperforming assets to total assets, net charge-offs to average loans and the allowance for credit losses to total loans) in each case excluding PPP loans, (x) certain performance ratios (namely, the ratio of adjusted pre-provision net revenue to average assets, the return on average assets and on average equity, and the return on average tangible assets and on average tangible common equity (including each on an as-adjusted basis)), and (xi) the adjusted efficiency ratio. These non-GAAP financial measures adjust GAAP financial measures to exclude intangible assets and/or certain charges (such as, among others, COVID-19 related expenses, debt prepayment penalties, restructuring charges and asset valuation adjustments) with respect to which the Company is unable to accurately predict when these charges will be incurred or, when incurred, the amount thereof or, with respect to core loan yield and its asset quality measures, to exclude the Company’s PPP loans. With respect to COVID-19 related expenses in particular, management added these expenses as a charge to exclude when calculating non-GAAP financial measures because the expenses included within this line item are readily quantifiable and possess the same characteristics with respect to management’s inability to accurately predict the timing or amount thereof as the other charges excluded when calculating non-GAAP financial measures. Management uses these non-GAAP financial measures when evaluating capital utilization and adequacy; with respect to the core loan yield and certain asset quality measures, management excludes PPP loans, which bear an interest rate fixed by Small Business Administration (“SBA”) regulations and are both forgivable and guaranteed by the SBA, to more clearly measure loan yields affected by competitive factors and potential loss in the Company’s loan portfolio and the coverage therefor. 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, charges such as debt prepayment penalties, restructuring charges and COVID-19 related expenses, and the amount of PPP loans 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 under the caption “Non-GAAP Reconciliations”.

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.

12

Non-GAAP Reconciliations

(Dollars in thousands, except per share data)	Three Months Ended										Twelve Months Ended
	Dec 31, 2021		Sep 30, 2021		Jun 30, 2021		Mar 31, 2021		Dec 31, 2020		Dec 31, 2021		Dec 31, 2020
Adjusted Pre-Provision Net Revenue (“PPNR”)
Net Income (GAAP)	$	37,054	$	40,063	$	40,867	$	57,908	$	31,521	$	175,892	$	83,651
Income taxes	11,363		11,185		7,545		16,842		6,818		46,935		19,840
Provision for credit losses (including unfunded commitments)	(768)		(1,400)		—		—		11,000		(2,168)		96,050
Pre-provision net revenue (non-GAAP)	$	47,649	$	49,848	$	48,412	$	74,750	$	49,339	$	220,659	$	199,541
Debt prepayment penalties	6,123		—		—		—		3		6,123		121
Swap termination gains	(4,676)		—		—		—		—		(4,676)		—
MSR valuation adjustment	—		—		—		(13,561)		(1,968)		(13,561)		11,726
Restructuring charges	61		—		15		292		7,365		368		7,365
Swap termination charges	—		—		—		—		2,040		—		2,040
COVID-19 related expenses(1)	33		323		370		785		613		1,511		10,343
Adjusted pre-provision net revenue (non-GAAP)	$	49,190	$	50,171	$	48,797	$	62,266	$	57,392	$	210,424	$	231,136
Adjusted Net Income and Adjusted Tangible Net Income
Net Income (GAAP)	$	37,054	$	40,063	$	40,867	$	57,908	$	31,521	$	175,892	$	83,651
Amortization of Intangibles	1,424		1,481		1,539		1,598		1,659		6,042		7,121
Tax effect of adjustments noted above(2)	(335)		(323)		(333)		(361)		(297)		(1,354)		(1,382)
Tangible Net Income (non-GAAP)	$	38,143	$	41,221	$	42,073	$	59,145	$	32,883	$	180,580	$	89,390
Net Income (GAAP)	$	37,054	$	40,063	$	40,867	$	57,908	$	31,521	$	175,892	$	83,651
Debt prepayment penalties	6,123		—		—		—		3		6,123		121
Swap termination gain	(4,676)		—		—		—		—		(4,676)		—
MSR valuation adjustment	—		—		—		(13,561)		(1,968)		(13,561)		11,726
Restructuring charges	61		—		15		292		7,365		368		7,365
Swap termination charges	—		—		—		—		2,040		—		2,040
COVID-19 related expenses(1)	33		323		370		785		613		1,511		10,343
Tax effect of adjustments noted above(2)	(363)		(71)		(83)		2,820		(1,443)		2,294		(6,131)
Adjusted Net Income (non-GAAP)	$	38,232	$	40,315	$	41,169	$	48,244	$	38,131	$	167,951	$	109,115
Amortization of Intangibles	1,424		1,481		1,539		1,598		1,659		6,042		7,121
Tax effect of adjustments noted above(2)	(335)		(323)		(333)		(361)		(297)		(1,354)		(1,382)
Adjusted Tangible Net Income (non-GAAP)	$	39,321	$	41,473	$	42,375	$	49,481	$	39,493	$	172,639	$	114,854
Tangible Assets and Tangible Shareholders’ Equity
Average shareholders’ equity (GAAP)	$	2,231,681	$	2,219,431	$	2,213,743	$	2,172,425	$	2,132,375	$	2,209,409	$	2,114,590
Average intangible assets	964,575		965,960		967,430		969,001		970,624		966,733		973,287
Average tangible shareholders’ equity (non-GAAP)	$	1,267,106	$	1,253,471	$	1,246,313	$	1,203,424	$	1,161,751	$	1,242,676	$	1,141,303
Average assets (GAAP)	$	16,450,640	$	16,130,149	$	15,831,018	$	15,203,691	$	14,898,055	$	15,905,986	$	14,503,449
Average intangible assets	964,575		965,960		967,430		969,001		970,624		966,733		973,287
Average tangible assets (non-GAAP)	$	15,486,065	$	15,164,189	$	14,863,588	$	14,234,690	$	13,927,431	$	14,939,253	$	13,530,162
Shareholders’ equity (GAAP)	$	2,209,853	$	2,203,944	$	2,203,807	$	2,173,701	$	2,132,733	$	2,209,853	$	2,132,733
Intangible assets	963,781		965,205		966,686		968,225		969,823		963,781		969,823
Tangible shareholders’ equity (non-GAAP)	$	1,246,072	$	1,238,739	$	1,237,121	$	1,205,476	$	1,162,910	$	1,246,072	$	1,162,910

13

(Dollars in thousands, except per share data)	Three Months Ended															Twelve Months Ended
	Dec 31, 2021			Sep 30, 2021			Jun 30, 2021			Mar 31, 2021			Dec 31, 2020			Dec 31, 2021			Dec 31, 2020
Total assets (GAAP)	$	16,810,311		$	16,155,550		$	16,022,386		$	15,622,571		$	14,929,612		$	16,810,311		$	14,929,612
Intangible assets	963,781			965,205			966,686			968,225			969,823			963,781			969,823
Total tangible assets (non-GAAP)	$	15,846,530		$	15,190,345		$	15,055,700		$	14,654,346		$	13,959,789		$	15,846,530		$	13,959,789
Adjusted Performance Ratios
Return on average assets (GAAP)	0.89		%	0.99		%	1.04		%	1.54		%	0.84		%	1.11		%	0.58		%
Adjusted return on average assets (non-GAAP)	0.92		%	0.99		%	1.04		%	1.29		%	1.02		%	1.06		%	0.75		%
Return on average tangible assets (non-GAAP)	0.98		%	1.08		%	1.14		%	1.69		%	0.94		%	1.21		%	0.66		%
Adjusted pre-provision net revenue to average assets (non-GAAP)	1.19		%	1.23		%	1.24		%	1.66		%	1.53		%	1.32		%	1.59		%
Adjusted return on average tangible assets (non-GAAP)	1.01		%	1.09		%	1.14		%	1.41		%	1.13		%	1.16		%	0.85		%
Return on average equity (GAAP)	6.59		%	7.16		%	7.40		%	10.81		%	5.88		%	7.96		%	3.96		%
Adjusted return on average equity (non-GAAP)	6.80		%	7.21		%	7.46		%	9.01		%	7.11		%	7.60		%	5.16		%
Return on average tangible equity (non-GAAP)	11.94		%	13.05		%	13.54		%	19.93		%	11.26		%	14.53		%	7.83		%
Adjusted return on average tangible equity (non-GAAP)	12.31		%	13.13		%	13.64		%	16.68		%	13.52		%	13.89		%	10.06		%
Adjusted Diluted Earnings Per Share
Average Diluted Shares Outstanding	56,105,050			56,447,184			56,635,898			56,519,199			56,489,809			56,424,484			56,468,165
Diluted earnings per share (GAAP)	$	0.66		$	0.71		$	0.72		$	1.02		$	0.56		$	3.12		$	1.48
Adjusted diluted earnings per share (non-GAAP)	$	0.68		$	0.71		$	0.73		$	0.85		$	0.68		$	2.98		$	1.93
Tangible Book Value Per Share
Shares Outstanding	55,756,233			55,747,407			56,350,878			56,294,346			56,200,487			55,756,233			56,200,487
Book Value Per Share (GAAP)	$	39.63		$	39.53		$	39.11		$	38.61		$	37.95		$	39.63		$	37.95
Tangible Book Value Per Share (non-GAAP)	$	22.35		$	22.22		$	21.95		$	21.41		$	20.69		$	22.35		$	20.69
Tangible Common Equity Ratio
Shareholders' Equity to Assets (GAAP)	13.15		%	13.64		%	13.75		%	13.91		%	14.29		%	13.15		%	14.29		%
Tangible Common Equity Ratio (non-GAAP)	7.86		%	8.15		%	8.22		%	8.23		%	8.33		%	7.86		%	8.33		%
Adjusted Efficiency Ratio
Net interest income (FTE) (GAAP)	103,249			105,002			111,205			111,264			110,024			430,720			433,682
Total Noninterest income (GAAP)	47,582			50,755			47,610			81,037			62,864			226,984			235,532
MSR Valuation Adjustment	—			—			—			13,561			1,968			13,561			(11,726)
Swap termination gains	4,676			—			—			—			—			4,676			—
Securities gains (losses)	49			764			—			1,357			15			2,170			46
Total adjusted noninterest income (non-GAAP)	42,857			49,991			47,610			66,119			60,881			206,577			247,212
Noninterest expense (GAAP)	101,115			103,999			108,777			115,935			122,152			429,826			471,988
Amortization of intangibles	1,424			1,481			1,539			1,598			1,659			6,042			7,121
Debt prepayment penalty	6,123			—			—			—			3			6,123			121

14

(Dollars in thousands, except per share data)	Three Months Ended															Twelve Months Ended
	Dec 31, 2021			Sep 30, 2021			Jun 30, 2021			Mar 31, 2021			Dec 31, 2020			Dec 31, 2021			Dec 31, 2020
Swap termination charges	—			—			—			—			2,040			—			2,040
Restructuring charges	61			—			15			292			7,365			368			7,365
Provision for unfunded commitments	(300)			(200)			—			—			500			(500)			9,200
COVID-19 related expenses(1)	33			323			370			785			613			1,511			10,343
Total adjusted noninterest expense (non-GAAP)	93,774			102,395			106,853			113,260			109,972			416,282			435,798
Efficiency Ratio (GAAP)	67.04		%	66.77		%	68.49		%	60.29		%	70.65		%	65.35		%	70.53		%
Adjusted Efficiency Ratio (non-GAAP)	64.18		%	66.06		%	67.28		%	63.85		%	64.35		%	65.32		%	64.00		%
Core Net Interest Income and Core Net Interest Margin
Net interest income (FTE) (GAAP)	$	103,249		$	105,002		$	111,205		$	111,264		$	110,024		$	430,720		$	433,682
Net interest income collected on problem loans	578			316			1,339			2,180			128			4,412			1,011
Accretion recognized on purchased loans	2,187			2,871			2,638			3,088			4,130			10,783			19,248
Interest income recognized on PPP loans	485			3,503			10,120			10,687			10,271			24,794			23,605
Core net interest income (FTE) (non-GAAP)	$	99,999		$	98,312		$	97,108		$	95,309		$	95,495		$	390,731		$	389,818
Average earning assets (GAAP)	$	14,607,716		$	14,256,421		$	13,989,264		$	13,358,677		$	13,059,967		$	14,055,091		$	12,622,461
Average PPP loans	62,726			126,870			628,462			985,561			1,252,990			448,959			858,385
Average earning assets excluding PPP loans (non-GAAP)	$	14,544,990		$	14,129,551		$	13,360,802		$	12,373,116		$	11,806,977		$	13,606,132		$	11,764,076
Net interest margin (GAAP)	2.81		%	2.93		%	3.19		%	3.37		%	3.35		%	3.07		%	3.44		%
Core net interest margin (non-GAAP)	2.73		%	2.76		%	2.92		%	3.12		%	3.22		%	2.87		%	3.31		%
Core Loan Yield
Loan interest income (FTE) (GAAP)	$	99,670		$	103,769		$	110,785		$	113,072		$	113,457		$	427,296		$	458,686
Net interest income collected on problem loans	578			316			1,339			2,180			128			4,412			1,011
Accretion recognized on purchased loans	2,187			2,871			2,638			3,088			4,130			10,783			19,248
Interest income recognized on PPP loans	485			3,503			10,120			10,687			10,271			24,794			23,605
Core loan interest income (FTE) (non-GAAP)	$	96,420		$	97,079		$	96,688		$	97,117		$	98,928		$	387,307		$	414,822
Average loans (GAAP)	$	9,948,610		$	10,017,742		$	10,478,121		$	10,802,991		$	11,019,505		$	10,310,070		$	10,593,556
Average PPP loans	62,726			126,870			628,462			985,561			1,252,990			448,959			858,385
Average loans excluding PPP loans (non-GAAP)	$	9,885,884		$	9,890,872		$	9,849,659		$	9,817,430		$	9,766,515		$	9,861,111		$	9,735,171
Loan yield (GAAP)	3.98		%	4.11		%	4.24		%	4.24		%	4.10		%	4.15		%	4.33		%
Core loan yield (non-GAAP)	3.87		%	3.89		%	3.94		%	4.01		%	4.03		%	3.93		%	4.26		%
Adjusted Asset Quality Ratios
Total loans (GAAP)	$	10,020,914		$	10,016,824		$	10,149,242		$	10,688,408		$	10,933,647		$	10,020,914		$	10,933,647
PPP loans	58,391			67,462			246,931			860,864			1,128,703			58,391			1,128,703
Total loans excluding PPP loans (non-GAAP)	$	9,962,523		$	9,949,362		$	9,902,311		$	9,827,544		$	9,804,944		$	9,962,523		$	9,804,944
Loans 30-89 days past due	$	27,604		$	14,806		$	15,077		$	21,801		$	26,286		$	27,604		$	26,286

15

(Dollars in thousands, except per share data)	Three Months Ended															Twelve Months Ended
	Dec 31, 2021			Sep 30, 2021			Jun 30, 2021			Mar 31, 2021			Dec 31, 2020			Dec 31, 2021			Dec 31, 2020
Loans 30-89 days past due / total loans (GAAP)	0.28		%	0.15		%	0.15		%	0.20		%	0.24		%	0.28		%	0.24		%
Loans 30-89 days past due / total loans excluding PPP loans (non-GAAP)	0.28		%	0.15		%	0.15		%	0.22		%	0.27		%	0.28		%	0.27		%
Classified loans	$	160,790		$	187,223		$	206,724		$	229,243		$	236,063		$	160,790		$	236,063
Classified loans / total loans (GAAP)	1.60		%	1.87		%	2.04		%	2.14		%	2.16		%	1.60		%	2.16		%
Classified loans / total loans excluding PPP loans (non-GAAP)	1.61		%	1.88		%	2.09		%	2.33		%	2.41		%	1.61		%	2.41		%
Nonperforming loans	$	50,805		$	56,740		$	56,536		$	56,105		$	55,470		$	50,805		$	55,470
Nonperforming loans / total loans (GAAP)	0.51		%	0.57		%	0.56		%	0.52		%	0.51		%	0.51		%	0.51		%
Nonperforming loans / total loans excluding PPP loans (non-GAAP)	0.51		%	0.57		%	0.57		%	0.57		%	0.57		%	0.51		%	0.57		%
Allowance for credit losses on loans	$	164,171		$	170,038		$	172,354		$	173,106		$	176,144		$	164,171		$	176,144
ACL / total loans (GAAP)	1.64		%	1.70		%	1.70		%	1.62		%	1.61		%	1.64		%	1.61		%
ACL / total loans excluding PPP loans (non-GAAP)	1.65		%	1.71		%	1.74		%	1.76		%	1.80		%	1.65		%	1.80		%
Average loans (GAAP)	$	9,948,610		$	10,017,742		$	10,478,121		$	10,802,991		$	11,019,505		$	10,310,070		$	10,593,556
Average PPP loans	62,726			126,870			628,462			985,561			1,252,990			448,959			858,385
Average loans excluding PPP loans (non-GAAP)	$	9,885,884		$	9,890,872		$	9,849,659		$	9,817,430		$	9,766,515		$	9,861,111		$	9,735,171
Net charge-offs	$	5,367		$	1,116		$	752		$	3,038		$	954		$	10,273		$	3,852
Annualized net charge-offs / average loans (GAAP)	0.21		%	0.04		%	0.03		%	0.11		%	0.03		%	0.10		%	0.04		%
Annualized net charge-offs / average loans excluding PPP loans (non-GAAP)	0.22		%	0.04		%	0.03		%	0.13		%	0.04		%	0.10		%	0.04		%
Total assets (GAAP)	$	16,810,311		$	16,155,550		$	16,022,386		$	15,622,571		$	14,929,612		$	16,810,311		$	14,929,612
PPP loans	58,391			67,462			246,931			860,864			1,128,703			58,391			1,128,703
Total assets excluding PPP loans (non-GAAP)	$	16,751,920		$	16,088,088		$	15,775,455		$	14,761,707		$	13,800,909		$	16,751,920		$	13,800,909
Nonperforming assets	$	53,345		$	61,445		$	61,475		$	62,076		$	61,442		$	53,345		$	61,442
Nonperforming assets / total assets (GAAP)	0.32		%	0.38		%	0.38		%	0.40		%	0.41		%	0.32		%	0.41		%
Nonperforming assets / total assets excluding PPP loans (non-GAAP)	0.32		%	0.38		%	0.39		%	0.42		%	0.45		%	0.32		%	0.45		%

(1)Primarily consists of employee overtime and employee benefit accruals directly related to the response to the COVID-19 pandemic and federal legislation enacted to address the pandemic, such as the CARES Act, and expenses associated with supplying branches with protective equipment and sanitation supplies (such as floor markings and cautionary signage for branches, face coverings and hand sanitizer) as well as more frequent and rigorous branch cleaning.

(2)Tax effect is calculated based on the respective periods’ effective tax rate.

###

16

EX-99.2

Fourth Quarter 2021 Earnings Call

2 Forward-Looking Statements This presentation may contain various statements about Renasant Corporation (“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,” and 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 our future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. We believe 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 our control. In addition, these forward-looking statements are subject to assumptions about future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements; 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. 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) the continued impact of the COVID-19 pandemic (and variants thereof) and related governmental response measures on the U.S. economy and the economies of the markets in which we operate; (ii) 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; (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) competitive pressures in the consumer finance, commercial finance, insurance, financial services, asset management, retail banking, mortgage lending and auto lending industries; (vi) the financial resources of, and products available from, competitors; (vii) changes in laws and regulations as well as changes in accounting standards; (viii) changes in policy by regulatory agencies; (ix) changes in the securities and foreign exchange markets; (x) the Company’s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xi) 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; (xii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiii) general economic, market or business conditions, including the impact of inflation; (xiv) changes in demand for loan products and financial services; (xv) concentration of credit exposure; (xvi) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xvii) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses; (xviii) civil unrest, natural disasters, epidemics and other catastrophic events in the Company’s geographic area; (xix) the impact, extent and timing of technological changes; and (xx) other circumstances, many of which are beyond management’s control. Management believes that the assumptions underlying our 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 Renasant’s filings with the Securities and Exchange Commission (“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. We undertake no obligation, and specifically disclaim any obligation, to update or revise our 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.

Overview Note: Financial data as of December 31, 2021 (1) Total revenue is calculated as net interest income plus noninterest income. Company Snapshot Loans and Deposits by State Assets: $16.8 billion Loans: 10.0 Deposits: 13.9 Equity: 2.2 3 MS 23% AL 23% FL 6% GA 31% TN 17% Loans MS 36% AL 14%FL 3% GA 34% TN 13% Deposits 76% 3% 19% 2% YTD Total Revenue(1) Community Banking Wealth Management Mortgage Insurance

55 20 65 10 65 75 20 95 95 85 77 95 81 7524 40 59 40 FLORIDA Jackson Mobile Knoxville Chattanooga Greensboro Raleigh Columbia Nashville Winston-Salem Montgomery Birmingham Columbus Charlotte Jacksonville Memphis Orlando Huntsville Tallahassee Atlanta Wilmington Charleston Savannah Tupelo Greenville MISSISSIPPI ALABAMA TENNESSEE GEORGIA SOUTH CAROLINA NORTH CAROLINA ARKANSAS LOUISIANA Branch (161) Loan Production Office (7) Mortgage (21) Insurance (8) Financial Services (2) 4 Renasant Footprint

Fourth Quarter Highlights 5 • Net income of $37.1 million with diluted EPS of $0.66 and adjusted diluted EPS (non-GAAP)(1) of $0.68 • Completed the public offering and sale of $200 million of 3.00% fixed-to- floating rate subordinated notes due 2031 • Allowance for credit losses on loans to total loans and the allowance to total loans, excluding Paycheck Protection Program (“PPP”) loans (non-GAAP)(1), decreased to 1.64% and 1.65%, respectively • Improvement of credit metrics with nonperforming loans to total loans at 0.51% and classified loans to total loans at 1.60% • Loans, excluding PPP loans (non-GAAP)(1), had modest growth on a linked quarter basis and increased $157.6 million, or 1.61%, year over year • Deposits increased $651 million on a linked quarter basis, and noninterest- bearing deposits now represent 33.93% of total deposits (1) Adjusted diluted EPS, allowance for credit losses to loans, excluding PPP loans, and loans, excluding PPP loans, are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”.

Financial Condition

Total Assets 7 Note: Dollars in millions $14,930 $15,623 $16,022 $16,156 $16,810 $12 ,000 $12 ,500 $13 ,000 $13 ,500 $14 ,000 $14 ,500 $15 ,000 $15 ,500 $16 ,000 $16 ,500 $17 ,000 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021

Loans and Yields 8 Note: Dollars in millions * Other loans are comprised of installment loans to individuals and lease financing, which both have historically constituted less than 5% of the total loan portfolio. ** Core Loan Yield is a non-GAAP financial measure. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”. $10,934 $10,688 $10,149 $10,017 $10,021 4.10% 4.24% 4.24% 4.11% 3.98% 4.03% 4.01% 3.94% 3.89% 3.87% 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1-4 Family Mortgage Commercial Mortgage Construction Other* C&I PPP Loan Yield Core Loan Yield**

Deposit Mix and Pricing 9 Note: Dollars in millions $12,059 $12,737 $13,115 $13,255 $13,906 0.33% 0.27% 0.24% 0.21% 0.18% 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Noninterest-bearing Interest-bearing Savings Time Cost of deposits

Liquidity 10 Note: Dollars in millions $633 $1,262 $1,605 $1,476 $1,878 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Cash and Cash Equivalents $1,343 $1,536 $2,164 $2,545 $2,387 $416 $500 $1,000 $1,500 $2,000 $2,500 $3,000 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 AFS securities HTM securities Securities 92% 88% 81% 76% 73% $1 $1 $1 $1 $1 $1 $1 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Average Loans to Average Deposits

Capital Position 11 Tier 1 $1,422 Tier 2 $475 Regulatory Capital as of December 31, 2021 • Sold in a public offering $200 million of 3.00% fixed- to-floating rate subordinated notes due 2031 • $50 million stock repurchase program will remain in effect through October 2022; however, no buyback activity in the fourth quarter of 2021 and no current intent to repurchase stock • Consistent dividend payment history, including through the 2008 financial crisis • Redeemed $15 million in subordinated notes in October 2021 and $30 million in December 2021, with an additional $30 million in subordinated notes to be redeemed on March 1, 2022 Capital Highlights Subordinated Notes $359 ACL $116 Trust Preferred $108 Common Equity Tier 1 $1,314 1 Note: Dollars in millions

Strong Capital Position 12 (1) Inclusive of the capital conservation buffer * Tangible Common Equity is a non-GAAP financial measure. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”. Ratio 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Minimum to be Well Capitalized (1) Tangible Common Equity* 8.33% 8.23% 8.22% 8.15% 7.86% N/A Leverage 9.37 9.49 9.30 9.18 9.15 5.00% Tier 1 Risk Based 11.91 12.00 12.07 11.94 12.10 8.50 Total Risk Based 15.07 15.09 15.11 14.66 16.14 10.50 Tier 1 Common Equity 10.93 11.05 11.14 11.02 11.18 7.00 Capital Ratios

Asset Quality

1.61% 0.00% 1.00% 2.00% 3.00% 4.00% $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Classified Loans/Total Loans* Classified Loans % of Total Loans, excl. PPP ($ in thousands) 0.28% 0.00% 0.50% 1.00% 1.50% 2.00% $- $25,000 $50,000 $75,000 $100,000 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Loans 30-89 Days Past Due/ Total Loans* 30-89 DPD % of Total Loans, excl. PPP ($ in thousands) Asset Quality 14* The ratio of loans 30-89 days past due to total loans (excluding PPP loans) and the ratio of classified loans to total loans (excluding PPP loans) are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”.

0.32% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% $- $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 NPAs/Total Assets* Nonperforming loans OREO % of Assets, excl. PPP ($ in thousands) 0.22% 0.00% 0.20% 0.40% 0.60% 0.80% $- $5,000 $10,000 $15,000 $20,000 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Net Charge-offs/Average Loans* Net charge-offs % of Avg Loans, excl. PPP ($ in thousands) Asset Quality 15* Nonperforming assets to total assets (excluding PPP loans) and net charge-offs to average loans (excluding PPP loans) are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”.

1.65% 1.60% 1.65% 1.70% 1.75% 1.80% 1.85% 1.90% $140,000 $150,000 $160,000 $170,000 $180,000 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Allowance/Total Loans* Allowance % of Total Loans, excl. PPP ($ in thousands) 323% 200% 250% 300% 350% 400% $140,000 $150,000 $160,000 $170,000 $180,000 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Allowance/Nonperforming Loans Allowance % of Total NPLs ($ in thousands) ACL Metrics 16* Allowance for credit losses to total loans (excluding PPP) is a non-GAAP financial measure. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”.

ACL Summary ($ in thousands) ACL ACL as a % of Loans ACL ACL as a % of Loans SBA Paycheck Protection Program - - - - Commercial, Financial, Agricultural 39,031$ 2.77 33,922$ 2.49 Lease Financing Receivables 1,624 2.14 1,486 1.95 Real Estate - 1-4 Family Mortgage 32,165 1.19 32,356 1.19 Real Estate - Commercial Mortgage 76,127 1.67 68,940 1.52 Real Estate - Construction 16,047 1.87 16,419 1.49 Installment loans to individuals 11,150 5.32 11,048 7.71 Allowance for Credit Losses on Loans 176,144 1.61 164,171 1.64 Allowance for Credit Losses on Deferred Interest 1,500 1,273 Reserve for Unfunded Commitments 20,535 20,035 Total Reserves 198,179$ 185,479$ 12/31/202112/31/2020 17* Allowance for credit losses to total loans (excluding PPP loans) is a non-GAAP financial measure. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”. • Allowance for credit losses on loans to total loans (excluding PPP loans)* was 1.65% and 1.80% as of December 31, 2021 and December 31, 2020, respectively.

Loss Absorption Capacity 18* Allowance for credit losses to total loans (excluding PPP) is a non-GAAP financial measure. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”. ($ in thousands) Allowance for Credit Losses on Loans 164,171$ Reserve for Unfunded Commitments 20,035 Purchase Accounting Discounts 14,794 Total Loss Absorption Capacity 199,000$ 12/31/2021

Profitability

Net Income & Adjusted Pre-Provision Net Revenue* 20 $31.5 $57.9 $40.9 $40.1 $37.1 $57.4 $62.3 $48.8 $50.2 $49.2 1.53% 1.66% 1.24% 1.23% 1.19% 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Net Income P Adj. PPNR (non-GAAP)* Adj. PPNR /Avg. Assets (non-GAAP)* Note: Dollars in millions *Adjusted Pre-Provision Net Revenue and Adjusted Pre-Provision Net Revenue/Average Assets are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”.

Diluted Earnings per Share Reported and Adjusted* 21 $.56 $1.02 $.72 $.71 $.66$.68 $.85 $.73 $.71 $.68 $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Diluted EPS (GAAP) Diluted EPS Adjusted (non-GAAP)* * Diluted earnings per share (adjusted) is a non-GAAP financial measure. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”.

Profitability Ratios 22 5.88% 10.81% 7.40% 7.16% 6.59% 13.52% 16.68% 13.64% 13.13% 12.31% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 ROE (GAAP) ROTCE (Adjusted) (non-GAAP)* *ROAA (Adjusted) and ROTCE (Adjusted) are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”. 0.84% 1.54% 1.04% 0.99% 0.89% 1.02% 1.29% 1.04% 0.99% 0.92% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% 1.80% 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 ROAA (GAAP) ROAA (Adjusted) (non-GAAP)* Return on Average Equity (ROE)Return on Average Assets (ROAA)

Core Net Interest Income (FTE) & Core Net Interest Margin* 23 $110.0 $111.3 $111.2 $105.0 $103.3 3.35% 3.37% 3.19% 2.93% 2.81%3.22% 3.12% 2.92% 2.76% 2.73% 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Core NII (FTE)(Non-GAAP)* Non-Core NII NIM Core NIM (Non-GAAP)* Note: Dollars in millions *Core Net Interest Income (FTE) and Core Net Interest Margin are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”.

Note: Dollars in thousands $62,864 $81,037 $47,610 $50,755 $47,582 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Service Charges Fees and Commissions Insurance Wealth Management Mortgage Banking Securities Gains Other Noninterest Income 24 Service Charges 21% Fees and Commissions 8% Insurance 5% Wealth Management 11%Securities Gains 0% Mortgage Banking 31% Other 24% Q4 2021 – Noninterest Income Contribution • The Company recognized a $4.7 million swap termination gain during the 4th quarter of 2021

Mortgage Banking 25 Mortgage MixMortgage banking income Gain on sale margin* *Gain on sale margin excludes pipeline fair value adjustments included in “Gain on sales of loans, net” in the table above. ($ in thousands) 4Q20 3Q21 4Q21 Gain on sales of loans, net 36,080$ 20,116$ 10,801$ Fees, net 5,318 3,420 4,320 Mortgage servicing income, net (3,606) (244) (395) MSR valuation adjustment 1,968 - - Mortgage banking income, net 39,760$ 23,292$ 14,726$ 4.21% 3.85% 2.73% 2.23% 2.01% Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 $1.4 $1.7 $1.5 $1.4 $1.2 $- $0 $0 $1 $1 $1 $1 $1 $2 $2 $2 Q4 2020 Q1 2021 Q2 2021 Q3 2021 4Q 2021 Locked Volume (in billions) 4Q20 3Q21 4Q21 Wholesale 41 42 38 Retail 59 58 62 Purchase 50 59 65 Refinance 50 41 35

Noninterest Expense and Efficiency Ratio 26 Salaries and employee benefits 62% Data processing 5% Net occupancy and equipment 11% Intangible amortization 2% Debt prepayment penalties 6% Other 14% Q4 2021 – Noninterest Expense Mix($ in thousands) 3Q21 4Q21 Change Salaries and employee benefits 69,115$ 62,523$ (6,592)$ Data processing 5,277 5,346 69 Net occupancy and equipment 11,748 11,177 (571) Intangible amortization 1,481 1,424 (57) Debt prepayment penalty - 6,123 6,123 Other 16,378 14,522 (1,856) Total 103,999$ 101,115$ (2,884)$ 71% 60% 68% 67% 67%64% 64% 67% 66% 64% Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Efficiency Ratio Efficiency Ratio (GAAP) Adjusted Efficiency Ratio (non-GAAP)* *Adjusted Efficiency Ratio is a non-GAAP financial measure. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the section “Non-GAAP Reconciliations”. • Noninterest expense was down $2.9 million linked quarter • Decrease in salaries and benefits driven by savings from ongoing efficiency initiatives • Incurred a debt prepayment penalty of $6.1 million in connection with the prepayment of a $150 million long- term advance from the FHLB

27

XML

Cover	Jan. 25, 2022
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jan. 25, 2022
Entity Registrant Name	RENASANT CORP
Entity Incorporation, State or Country Code	MS
Entity File Number	001-13253
Entity Tax Identification Number	64-0676974
Entity Address, Address Line One	209 Troy Street
Entity Address, City or Town	Tupelo
Entity Address, State or Province	MS
Entity Address, Postal Zip Code	38804-4827
City Area Code	662
Local Phone Number	680-1001
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, $5.00 par value per share
Trading Symbol	RNST
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0000715072
Amendment Flag	false