RNST · Renasant Corporation

Renasant Corporation's Q1 2026 preliminary results reflect solid profitability with net income of $88.2 million and diluted EPS of $0.94, driven by improved returns including ROAA at 1.33% (up from 0.94% YoY) and ROATCE at 16.36% (up from 10.16% YoY), incorporating the full impact of the April 2025 acquisition of The First Bancshares, Inc. Net interest margin held steady at 3.87% GAAP (down 2 bps QoQ) and 3.61% adjusted, supported by a 3 bps decline in deposit costs to 1.94%, below industry levels, amid a core-funded deposit base with $38k average account size and 23.5% noninterest-bearing. Balance sheet shows disciplined growth with deposits up $626.4 million QoQ (including $380.4 million seasonal public funds), offsetting a modest $71.8 million loan decline; liquidity remains strong at 14.9% cash + AFS to assets. Credit quality is robust with NCOs at 0.05% annualized (down QoQ), allowance at 1.56% of loans (up 2 bps), though NPLs rose to 1.06%; criticized loans improved to 2.7%. The updated presentation highlights the company's southeastern franchise ($27.1B assets, 259 branches across 6 states), acquisition history adding $8B+ assets, and experienced leadership, positioning for continued opportunistic growth while emphasizing capital strength (11.2% CET1). These unaudited figures are preliminary and subject to auditor review, with no guidance provided.