{"id":482888,"date":"2021-04-27T17:03:09","date_gmt":"2021-04-27T21:03:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/renasant-corporation-announces-earnings-for-the-first-quarter-of-2021\/"},"modified":"2021-04-27T17:03:09","modified_gmt":"2021-04-27T21:03:09","slug":"renasant-corporation-announces-earnings-for-the-first-quarter-of-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/renasant-corporation-announces-earnings-for-the-first-quarter-of-2021\/","title":{"rendered":"Renasant Corporation Announces Earnings for the First Quarter of 2021"},"content":{"rendered":"
\n

TUPELO, Miss., April 27, 2021 (GLOBE NEWSWIRE) — Renasant Corporation (NASDAQ: RNST) (the \u201cCompany\u201d) today announced earnings results for the first quarter of 2021. Net income for the first quarter of 2021 was $57.9 million, as compared to $2.0 million for the first quarter of 2020. Basic and diluted earnings per share (\u201cEPS\u201d) were $1.03 and $1.02, respectively, for the first quarter of 2021, as compared to basic and diluted EPS of $0.04 for the first quarter of 2020.<\/p>\n

\u201cOur first quarter results are a good start to the year and speak to the talent of the Renasant team,\u201d commented C. Mitchell Waycaster, Renasant President and Chief Executive Officer. \u201cWe saw a significant increase in our deposits, particularly noninterest-bearing deposits, and achieved net loan growth when excluding PPP loans, while our asset quality metrics remained stable. As pandemic-related restrictions continue to be relaxed and business activity appears to be accelerating throughout our region, we believe we are well positioned to capitalize on opportunities. As we move forward, we will continue to emphasize improving operating efficiency as we build core earnings.\u201d<\/p>\n

\n
\n Impact of Certain Expenses and Charges <\/em>
\n <\/strong>
\n
From time to time, the Company incurs expenses and charges with respect to which management is unable to accurately predict when these expenses or charges will be incurred or, when incurred, the amount of such expenses or charges. The following tables present the impact of these expenses and charges on reported EPS for the first quarter of 2021 and the same period in 2020. The \u201cCOVID-19 related expenses\u201d line item primarily consists of (a) employee overtime and employee benefit accruals directly related to the Company\u2019s response to both the COVID-19 pandemic itself and federal legislation enacted to address the pandemic, such as the CARES Act, and (b) 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) and more frequent and rigorous branch cleaning.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (in thousands, except per share data)<\/em>\n <\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31, 2021<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Pre-tax<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n After-tax<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n Impact to
Diluted EPS<\/strong>\n <\/td>\n<\/tr>\n
Earnings, as reported<\/td>\n$<\/td>\n74,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n57,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.02<\/td>\n\u00a0<\/td>\n<\/tr>\n
MSR valuation adjustment<\/td>\n(13,561<\/td>\n)<\/td>\n\u00a0<\/td>\n(10,497<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.19<\/td>\n)<\/td>\n<\/tr>\n
Restructuring charges<\/td>\n292<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n226<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.01<\/td>\n\u00a0<\/td>\n<\/tr>\n
COVID-19 related expenses<\/td>\n785<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.01<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings, with exclusions (Non-GAAP)<\/td>\n$<\/td>\n62,266<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n48,245<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.85<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31, 2020<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Pre-tax<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n After-tax<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n Impact to
Diluted EPS<\/strong>\n <\/td>\n<\/tr>\n
Earnings, as reported<\/td>\n$<\/td>\n2,781<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,008<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.04<\/td>\n\u00a0<\/td>\n<\/tr>\n
MSR valuation adjustment<\/td>\n9,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,911<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.12<\/td>\n\u00a0<\/td>\n<\/tr>\n
COVID-19 related expenses<\/td>\n2,903<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,096<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings, with exclusions (Non-GAAP)<\/td>\n$<\/td>\n15,255<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,015<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.20<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

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 \u201cNon-GAAP Financial Measures\u201d 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.<\/p>\n

\n
\n Profitability Metrics
<\/em>
\n <\/strong>
\n
The following table presents the Company\u2019s profitability metrics, including after adjusting for the impact of the mortgage servicing rights (MSR) valuation adjustment, debt prepayment penalties, restructuring charges, swap termination charges and COVID-19 related expenses, as applicable, for the dates presented:<\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n As Reported<\/strong>\n <\/td>\n\n With Exclusions <\/strong>
\n
\n (Non-GAAP)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31, 2021<\/strong>\n <\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n\n March 31, 2020<\/strong>\n <\/td>\n\n March 31, 2021<\/strong>\n <\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n\n March 31, 2020<\/strong>\n <\/td>\n<\/tr>\n
Return on average assets<\/td>\n1.54<\/td>\n%<\/td>\n0.84<\/td>\n%<\/td>\n0.06<\/td>\n%<\/td>\n1.29<\/td>\n%<\/td>\n1.02<\/td>\n%<\/td>\n0.33<\/td>\n%<\/td>\n<\/tr>\n
Return on average tangible assets (Non-GAAP)<\/td>\n1.69<\/td>\n%<\/td>\n0.94<\/td>\n%<\/td>\n0.11<\/td>\n%<\/td>\n1.41<\/td>\n%<\/td>\n1.13<\/td>\n%<\/td>\n0.40<\/td>\n%<\/td>\n<\/tr>\n
Return on average equity<\/td>\n10.81<\/td>\n%<\/td>\n5.88<\/td>\n%<\/td>\n0.38<\/td>\n%<\/td>\n9.01<\/td>\n%<\/td>\n7.11<\/td>\n%<\/td>\n2.10<\/td>\n%<\/td>\n<\/tr>\n
Return on average tangible equity (Non-GAAP)<\/td>\n19.93<\/td>\n%<\/td>\n11.26<\/td>\n%<\/td>\n1.20<\/td>\n%<\/td>\n16.68<\/td>\n%<\/td>\n13.52<\/td>\n%<\/td>\n4.41<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n Financial Condition<\/p>\n

<\/em>
\n <\/strong>Total assets were $15.62 billion at March\u00a031, 2021, as compared to $14.93 billion at December 31, 2020. Total loans held for investment were $10.69 billion at March\u00a031, 2021, as compared to $10.93 billion at December 31, 2020. Loans held for investment at March 31, 2021 included $860.9 million in Paycheck Protection Program (\u201cPPP\u201d) loans. Excluding PPP loans, the loan portfolio in the first quarter of 2021 grew 0.93% on an annualized basis.<\/p>\n

The Company entered into a referral relationship with another firm in order to utilize its technology platform to originate PPP loans under the latest round of program funding. The Company earned approximately $2.3 million in referral fees from this relationship, which are recorded in noninterest income.<\/p>\n

Total deposits increased to $12.74 billion at March\u00a031, 2021, from $12.06 billion at December 31, 2020. Non-interest bearing deposits increased $450.3 million to $4.14 billion, or 32.47% of total deposits, at March\u00a031, 2021, as compared to $3.69 billion, or 30.56% of total deposits, at December 31, 2020.<\/p>\n

\n
\n Continued Focus on Prudent Capital Management
<\/em>
\n <\/strong>
\n
The Company\u2019s capital position, as measured by regulatory capital ratios, continues to improve. This capital strength gives the Company flexibility to accommodate future loan growth, M&A activity or share repurchases. The Company has a $50.0 million stock repurchase plan that will remain in effect through October 2021. The Company did not repurchase any shares under the plan in the first quarter of 2021.<\/p>\n

At March\u00a031, 2021, Tier 1 leverage capital was 9.49%, Common Equity Tier 1 ratio was 11.05%, Tier 1 risk-based capital ratio was 12.00% and total risk-based capital ratio was 15.09%. All regulatory ratios exceed the minimums required to be \u201cwell-capitalized.\u201d<\/p>\n

The Company\u2019s ratio of shareholders\u2019 equity to assets was 13.91% at March\u00a031, 2021, as compared to 14.29% at December\u00a031, 2020. The Company\u2019s tangible capital ratio (non-GAAP) was 8.23% at March\u00a031, 2021, as compared to 8.33% at December\u00a031, 2020.<\/p>\n

The PPP loans held on the Company\u2019s balance sheet at March 31, 2021, negatively impacted the Company\u2019s tangible capital ratio by 51 basis points and its leverage ratio by 70 basis points.<\/p>\n

\n
\n Results of Operations
<\/em>
\n <\/strong>
\n
Net interest income was $109.6 million for the first quarter of 2021, as compared to $108.1 million for the fourth quarter of 2020 and $106.6 million for the first quarter of 2020.<\/p>\n

The following table presents the percentage of total average earning assets, by type and yield, for the periods presented:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Percentage of Total Average Earning Assets<\/strong>\n <\/td>\n\n Yield<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n\n December 31,<\/strong>\n <\/td>\n\n March 31,<\/strong>\n <\/td>\n\n March 31,<\/strong>\n <\/td>\n\n December 31,<\/strong>\n <\/td>\n\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n\n 2021<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n<\/tr>\n
Loans held for investment excluding PPP loans<\/td>\n73.49<\/td>\n%<\/td>\n74.79<\/td>\n%<\/td>\n83.44<\/td>\n%<\/td>\n4.22<\/td>\n%<\/td>\n4.20<\/td>\n%<\/td>\n4.93<\/td>\n%<\/td>\n<\/tr>\n
PPP loans<\/td>\n7.38<\/td>\n\u00a0<\/td>\n9.59<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n4.40<\/td>\n\u00a0<\/td>\n3.26<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans held for sale<\/td>\n3.04<\/td>\n\u00a0<\/td>\n2.98<\/td>\n\u00a0<\/td>\n2.90<\/td>\n\u00a0<\/td>\n2.96<\/td>\n\u00a0<\/td>\n3.15<\/td>\n\u00a0<\/td>\n3.57<\/td>\n\u00a0<\/td>\n<\/tr>\n
Securities<\/td>\n10.27<\/td>\n\u00a0<\/td>\n9.72<\/td>\n\u00a0<\/td>\n11.14<\/td>\n\u00a0<\/td>\n2.08<\/td>\n\u00a0<\/td>\n2.25<\/td>\n\u00a0<\/td>\n2.91<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n5.82<\/td>\n\u00a0<\/td>\n2.92<\/td>\n\u00a0<\/td>\n2.52<\/td>\n\u00a0<\/td>\n0.10<\/td>\n\u00a0<\/td>\n0.10<\/td>\n\u00a0<\/td>\n1.12<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total earning assets<\/td>\n100.00<\/td>\n%<\/td>\n100.00<\/td>\n%<\/td>\n100.00<\/td>\n%<\/td>\n3.74<\/td>\n%<\/td>\n3.77<\/td>\n%<\/td>\n4.57<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

The following table presents reported taxable equivalent net interest margin and yield on loans for the periods presented (in thousands).<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n\n December 31,<\/strong>\n <\/td>\n\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n<\/tr>\n
Taxable equivalent net interest income<\/td>\n$<\/td>\n111,264<\/td>\n\u00a0<\/td>\n$<\/td>\n110,024<\/td>\n\u00a0<\/td>\n$<\/td>\n108,316<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average earning assets<\/td>\n$<\/td>\n13,358,677<\/td>\n\u00a0<\/td>\n$<\/td>\n13,059,967<\/td>\n\u00a0<\/td>\n$<\/td>\n11,609,477<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest margin<\/td>\n3.37<\/td>\n%<\/td>\n3.35<\/td>\n%<\/td>\n3.75<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Taxable equivalent interest income on loans held for investment<\/td>\n$<\/td>\n113,072<\/td>\n\u00a0<\/td>\n$<\/td>\n113,457<\/td>\n\u00a0<\/td>\n$<\/td>\n118,741<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average loans held for investment<\/td>\n$<\/td>\n10,802,991<\/td>\n\u00a0<\/td>\n$<\/td>\n11,019,505<\/td>\n\u00a0<\/td>\n$<\/td>\n9,687,285<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loan yield<\/td>\n4.24<\/td>\n%<\/td>\n4.10<\/td>\n%<\/td>\n4.93<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

PPP loans benefited net interest margin and loan yield by 8 basis points and 2 basis points, respectively, in the first quarter of 2021. Increased liquidity has added pressure to net interest margin in recent quarters. The Company has aggressively lowered interest rates on interest bearing deposits, and it continues to evaluate options to mitigate the pressure on net interest margin.<\/p>\n

The impact from interest income collected on problem loans and purchase accounting adjustments on loans to total interest income on loans held for investment, loan yield and net interest margin is shown in the following table for the periods presented (in thousands).<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n\n December 31,<\/strong>\n <\/td>\n\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n<\/tr>\n
Net interest income collected on problem loans<\/td>\n$<\/td>\n2,180<\/td>\n\u00a0<\/td>\n$<\/td>\n128<\/td>\n\u00a0<\/td>\n$<\/td>\n218<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accretable yield recognized on purchased loans(1)<\/sup><\/td>\n3,088<\/td>\n\u00a0<\/td>\n4,130<\/td>\n\u00a0<\/td>\n5,469<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total impact to interest income<\/td>\n$<\/td>\n5,268<\/td>\n\u00a0<\/td>\n$<\/td>\n4,258<\/td>\n\u00a0<\/td>\n$<\/td>\n5,687<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impact to loan yield<\/td>\n0.20<\/td>\n%<\/td>\n0.15<\/td>\n%<\/td>\n0.24<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impact to net interest margin<\/td>\n0.16<\/td>\n%<\/td>\n0.13<\/td>\n%<\/td>\n0.20<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n
(1)\u00a0<\/td>\nIncludes additional interest income recognized in connection with the acceleration of paydowns and payoffs from purchased loans of $1,272, $1,872 and $2,187 for the three months ended March 31, 2021, December 31, 2020, and March 31, 2020, respectively. This additional interest income increased loan yield by 5 basis points, 7 basis points and 9 basis points for the same periods, respectively, while increasing net interest margin by 4 basis points, 6 basis points and 8 basis points for the same periods, respectively.<\/td>\n<\/tr>\n<\/table>\n

For the first quarter of 2021, the cost of total deposits was 27 basis points, as compared to 33 basis points for the fourth quarter of 2020 and 72 basis points for the first quarter of 2020. The table below presents, by type, the Company\u2019s funding sources and the total cost of each funding source for the periods presented:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Percentage of Total Average Deposits and Borrowed Funds<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Cost of Funds<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ending<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Three Months Ending<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n<\/tr>\n
Noninterest-bearing demand<\/td>\n30.20<\/td>\n%<\/td>\n\u00a0<\/td>\n30.43<\/td>\n%<\/td>\n\u00a0<\/td>\n23.19<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
Interest-bearing demand<\/td>\n46.18<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44.81<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44.29<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.27<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.75<\/td>\n\u00a0<\/td>\n<\/tr>\n
Savings<\/td>\n6.90<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.11<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.15<\/td>\n\u00a0<\/td>\n<\/tr>\n
Time deposits<\/td>\n12.94<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.00<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.98<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.02<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.20<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.71<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowed funds<\/td>\n3.78<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.13<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.43<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.21<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.05<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.46<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total deposits and borrowed funds<\/td>\n100.00<\/td>\n%<\/td>\n\u00a0<\/td>\n100.00<\/td>\n%<\/td>\n\u00a0<\/td>\n100.00<\/td>\n%<\/td>\n\u00a0<\/td>\n0.38<\/td>\n%<\/td>\n\u00a0<\/td>\n0.44<\/td>\n%<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Noninterest income for the first quarter of 2021 was $81.0 million, as compared to $62.9 million for the fourth quarter of 2020 and $37.6 million for the first quarter of 2020. Mortgage production remained strong during the first quarter of 2021 with approximately $1.74 billion in interest rate lock volume. The following table presents the components of mortgage banking income for the periods presented (in thousands):<\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31, 2021<\/strong>\n <\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n\n March 31, 2020<\/strong>\n <\/td>\n<\/tr>\n
Gain on sales of loans, net<\/td>\n$<\/td>\n33,901<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n36,080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21,782<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fees, net<\/td>\n4,902<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,919<\/td>\n\u00a0<\/td>\n<\/tr>\n
Mortgage servicing income, net<\/td>\n(1,631<\/td>\n)<\/td>\n\u00a0<\/td>\n(3,606<\/td>\n)<\/td>\n\u00a0<\/td>\n405<\/td>\n\u00a0<\/td>\n<\/tr>\n
MSR valuation adjustment<\/td>\n13,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,968<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,571<\/td>\n)<\/td>\n<\/tr>\n
Mortgage banking income, net<\/td>\n$<\/td>\n50,733<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n39,760<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,535<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

The Company recognized $1.4 million in gains on securities sold during the first quarter of 2021, and other fee income categories generally exhibited increases as well.<\/p>\n

Noninterest expense was $115.9 million for the first quarter of 2021, as compared to $122.2 million for the fourth quarter of 2020 and $115.0 million for the first quarter of 2020. The decrease quarter over quarter is primarily related to restructuring and swap termination charges recognized in the fourth quarter of 2020. The increase in salaries and employee benefits during the first quarter of 2021 was driven by incentive expense recognized during the quarter, which was partially offset by cost savings realized from the voluntary early retirement program offered during the fourth quarter of 2020.<\/p>\n

\n
\n Asset Quality Metrics
<\/em>
\n <\/strong>
\n
At March\u00a031, 2021, the Company\u2019s credit quality metrics remained strong. The Company has continued its program of heightened credit monitoring with a particular focus on those industries more highly impacted by the pandemic, primarily the hospitality and senior housing industries. Loans on deferred payment, as offered through the Company\u2019s loan deferral program, continue to decline and as of March 31, 2021, approximately 1.0% of the Company\u2019s loan portfolio (excluding PPP loans) was on deferral, down from approximately 1.5% as of December 31, 2020.<\/p>\n

The Company\u2019s credit quality in future quarters may be impacted by both external and internal factors related to the pandemic in addition to those factors that traditionally affect credit quality. External factors outside the Company\u2019s control include items such as the pace at which the COVID-19 vaccine is administered to residents in the Company\u2019s markets and the United States generally, federal, state and local government measures, the re-imposition of \u201cshelter-in-place\u201d orders, and the economic impact of government programs, including additional fiscal stimulus and the extension of the Paycheck Protection Program. Internal factors that will potentially impact credit quality include items such as the Company\u2019s loan deferral programs, involvement in government offered programs and the related financial impact of these programs. The impact of each of these items are unknown at this time and could materially and adversely impact future credit quality.<\/p>\n

The table below shows nonperforming assets, which include nonperforming loans (loans 90 days or more past due and nonaccrual loans) and other real estate owned, as well as early stage delinquencies (loans 30-89 days past due) for the periods presented (in thousands).<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31, 2021<\/strong>\n <\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Non Purchased<\/strong>\n <\/td>\n\n Purchased<\/strong>\n <\/td>\n\n Total<\/strong>\n <\/td>\n\n Non Purchased<\/strong>\n <\/td>\n\n Purchased<\/strong>\n <\/td>\n\n Total<\/strong>\n <\/td>\n<\/tr>\n
Nonaccrual loans<\/td>\n$<\/td>\n24,794<\/td>\n\u00a0<\/td>\n$<\/td>\n28,947<\/td>\n\u00a0<\/td>\n$<\/td>\n53,741<\/td>\n\u00a0<\/td>\n$<\/td>\n20,369<\/td>\n\u00a0<\/td>\n$<\/td>\n31,051<\/td>\n\u00a0<\/td>\n$<\/td>\n51,420<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans 90 days past due or more<\/td>\n\u00a0<\/td>\n2,235<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n129<\/td>\n\u00a0<\/td>\n2,364<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,783<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n267<\/td>\n\u00a0<\/td>\n4,050<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonperforming loans<\/td>\n$<\/td>\n27,029<\/td>\n\u00a0<\/td>\n$<\/td>\n29,076<\/td>\n\u00a0<\/td>\n$<\/td>\n56,105<\/td>\n\u00a0<\/td>\n$<\/td>\n24,152<\/td>\n\u00a0<\/td>\n$<\/td>\n31,318<\/td>\n\u00a0<\/td>\n$<\/td>\n55,470<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other real estate owned<\/td>\n\u00a0<\/td>\n2,292<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,679<\/td>\n\u00a0<\/td>\n5,971<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,045<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,927<\/td>\n\u00a0<\/td>\n5,972<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonperforming assets<\/td>\n$<\/td>\n29,321<\/td>\n\u00a0<\/td>\n$<\/td>\n32,755<\/td>\n\u00a0<\/td>\n$<\/td>\n62,076<\/td>\n\u00a0<\/td>\n$<\/td>\n26,197<\/td>\n\u00a0<\/td>\n$<\/td>\n35,245<\/td>\n\u00a0<\/td>\n$<\/td>\n61,442<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonperforming loans\/total loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.52<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.51<\/td>\n%<\/td>\n<\/tr>\n
Nonperforming loans\/total loans excluding PPP loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.57<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.57<\/td>\n%<\/td>\n<\/tr>\n
Nonperforming assets\/total assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.40<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.41<\/td>\n%<\/td>\n<\/tr>\n
Nonperforming assets\/total assets excluding PPP loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.42<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.45<\/td>\n%<\/td>\n<\/tr>\n
Loans 30-89 days past due<\/td>\n$<\/td>\n15,830<\/td>\n\u00a0<\/td>\n$<\/td>\n5,971<\/td>\n\u00a0<\/td>\n$<\/td>\n21,801<\/td>\n\u00a0<\/td>\n$<\/td>\n17,635<\/td>\n\u00a0<\/td>\n$<\/td>\n8,651<\/td>\n\u00a0<\/td>\n$<\/td>\n26,286<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans 30-89 days past due\/total loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.20<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.24<\/td>\n%<\/td>\n<\/tr>\n
Loans 30-89 days past due\/total loans excluding PPP loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.22<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.27<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

The table below shows the total allowance for credit losses and related ratios at March\u00a031, 2021 as compared to December 31, 2020 (in thousands).<\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31, 2021<\/strong>\n <\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n<\/tr>\n
Allowance for credit losses on loans<\/td>\n$<\/td>\n173,106<\/td>\n\u00a0<\/td>\n$<\/td>\n176,144<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for credit losses on deferred interest<\/td>\n1,375<\/td>\n\u00a0<\/td>\n1,500<\/td>\n\u00a0<\/td>\n<\/tr>\n
Reserve for unfunded commitments<\/td>\n20,535<\/td>\n\u00a0<\/td>\n20,535<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total allowance for credit losses<\/td>\n$<\/td>\n195,016<\/td>\n\u00a0<\/td>\n$<\/td>\n198,179<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for credit losses on loans\/total loans<\/td>\n1.62<\/td>\n%<\/td>\n1.61<\/td>\n%<\/td>\n<\/tr>\n
Allowance for credit losses on loans\/total loans excluding PPP loans<\/td>\n1.76<\/td>\n%<\/td>\n1.80<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

The Company did not record any provision for credit losses during the first quarter of 2021, as compared to a provision for credit losses in the first quarter of 2020 in the amount of $26.4 million. Net loan charge-offs for the first quarter of 2021 were $3.0 million, or 0.11% of average loans held for investment on an annualized basis. The Company\u2019s allowance for credit loss model considers economic projections, primarily the national unemployment rate and GDP, over a period of two years and based on the continual improvement in these forecasts over the last few quarters, the Company determined that additional provisioning during the first quarter of 2021 was not necessary. The Company\u2019s coverage ratio, or the allowance for credit losses to nonperforming loans, was 308.54% as of March\u00a031, 2021, as compared to 317.55% as of December 31, 2020.<\/p>\n

The provision for credit losses recorded during the fourth quarter of 2020 was $10.5 million with net charge-offs of $954 thousand, or 0.03% of average loans held for sale on an annualized basis.<\/p>\n

\n CONFERENCE CALL INFORMATION:
<\/strong>
\n
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, April 28, 2021.<\/p>\n

The webcast can be accessed through Renasant\u2019s investor relations website at www.renasant.com<\/a>\u00a0or https:\/\/services.choruscall.com\/mediaframe\/webcast.html?webcastid=jph0iARs<\/a>. To access the conference via telephone, dial 1-877-513-1143 in the United States and request the Renasant Corporation 2021 First Quarter Earnings Conference Call and Webcast. International participants should dial 1-412-902-4145 to access the conference call.<\/p>\n

The webcast will be archived on www.renasant.com<\/a>\u00a0beginning 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 10155117 or by dialing 1-412-317-0088 internationally and entering the same conference number. Telephone replay access is available until May 7, 2021.<\/p>\n

\n ABOUT RENASANT CORPORATION: <\/strong>\n <\/p>\n

Renasant Corporation is the parent of Renasant Bank, a 116-year-old financial services institution. Renasant has assets of approximately $15.6 billion and operates 200 banking, lending, mortgage, wealth management and insurance offices in Mississippi, Tennessee, Alabama, Florida, Georgia, North Carolina and South Carolina.<\/p>\n

\n CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: <\/strong>\n <\/p>\n

This press release may contain, or incorporate by reference, statements about Renasant Corporation that constitute \u201cforward-looking statements\u201d 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 \u201cbelieves,\u201d \u201cexpects,\u201d \u201cprojects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cestimates,\u201d \u201cplans,\u201d \u201cpotential,\u201d \u201cpossible,\u201d \u201cmay increase,\u201d \u201cmay fluctuate,\u201d \u201cwill likely result,\u201d and similar expressions, or future or conditional verbs such as \u201cwill,\u201d \u201cshould,\u201d \u201cwould\u201d and \u201ccould,\u201d are generally forward-looking in nature and not historical facts. Forward-looking statements include information about the Company\u2019s future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management.\u00a0\u00a0 The Company\u2019s 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\u2019s control.\u00a0\u00a0 In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.\u00a0\u00a0 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.<\/p>\n

Currently, the most important factor that could cause the Company\u2019s actual results to differ materially from those in forward-looking statements is the continued impact of the COVID-19 pandemic and related governmental measures to respond to the pandemic on the United States economy and the economies of the markets in which the Company operates and its participation in government programs related to the pandemic.\u00a0\u00a0 In this press release, the Company has addressed the historical impact of the pandemic on the operations of the Company and set forth certain expectations regarding the COVID-19 pandemic\u2019s future impact on the Company\u2019s business, financial condition, results of operations, liquidity, asset quality, capital, cash flows and prospects.\u00a0\u00a0 The Company believes that its statements regarding future events and conditions in light of the COVID-19 pandemic are reasonable, but these statements are based on assumptions regarding, among other things, how long the pandemic will continue, the pace at which the COVID-19 vaccine can be distributed and administered to residents of the markets the Company serves and the United States generally, the duration, extent and effectiveness of the governmental measures implemented to contain the pandemic and ameliorate its impact on businesses and individuals throughout the United States, and the impact of the pandemic and the government\u2019s virus containment measures on national and local economies, all of which are out of the Company\u2019s control.\u00a0\u00a0 If the Company\u2019s assumptions underlying its statements about future events prove to be incorrect, the Company\u2019s business, financial condition, results of operations, liquidity, asset quality, capital, cash flows and prospects may be materially different from what is presented in the Company\u2019s forward-looking statements.<\/p>\n

Important factors other than the COVID-19 pandemic currently known to management that could cause actual results to differ materially from those in forward-looking statements include the following: (i) the Company\u2019s 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; (ii) the effect of economic conditions and interest rates on a national, regional or international basis; (iii) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (iv) competitive pressures in the consumer finance, commercial finance, insurance, financial services, asset management, retail banking, mortgage lending and auto lending industries; (v) the financial resources of, and products available from, competitors; (vi) changes in laws and regulations as well as changes in accounting standards; (vii) changes in policy by regulatory agencies; (viii) changes in the securities and foreign exchange markets; (ix) the Company\u2019s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (x) changes in the quality or composition of the Company\u2019s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers; (xi) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xii) general economic, market or business conditions, including the impact of inflation; (xiii) changes in demand for loan products and financial services; (xiv) concentration of credit exposure; (xv) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xvi) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses; (xvii) civil unrest, natural disasters, epidemics and other catastrophic events in the Company\u2019s geographic area; (xviii) the impact, extent and timing of technological changes; and (xix) other circumstances, many of which are beyond management\u2019s control.\u00a0\u00a0 The COVID-19 pandemic has exacerbated, and is likely to continue to exacerbate, the impact of any of these factors on the Company.\u00a0\u00a0<\/p>\n

Management believes that the assumptions underlying the Company\u2019s 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\u2019s filings with the Securities and Exchange Commission (the \u201cSEC\u201d) 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\u2019s website at www.sec.gov<\/a>.<\/p>\n

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.<\/p>\n

\n NON-GAAP FINANCIAL MEASURES: <\/strong>\n <\/p>\n

In addition to results presented in accordance with generally accepted accounting principles in the United States of America (GAAP), this press release contains non-GAAP financial measures, namely, earnings, with exclusions, return on average tangible shareholders\u2019 equity, return on average tangible assets, the ratio of tangible equity to tangible assets (commonly referred to as the \u201ctangible capital ratio\u201d), tangible book value per share and the adjusted efficiency ratio. These non-GAAP financial measures adjust GAAP financial measures to exclude intangible assets and\/or certain charges (such as, when applicable, COVID-19 related expenses, restructuring charges, debt prepayment penalties, swap termination 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. 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 (as discussed earlier in this release) are readily quantifiable and possess the same characteristics with respect to management\u2019s 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. 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 and charges such as restructuring charges and COVID-19 related expenses can vary extensively from company to company and, as to intangible assets, are excluded from the calculation of a financial institution\u2019s regulatory capital, the Company believes that the presentation of this non-GAAP financial information allows readers to more easily compare the Company\u2019s 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 at the end of this release under the caption \u201cReconciliation of GAAP to Non-GAAP.\u201d<\/p>\n

None of the non-GAAP financial information that the Company has included in this release is 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\u2019s 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.<\/p>\n\n\n\n\n\n\n\n
Contacts:<\/td>\nFor Media:<\/td>\n\u00a0<\/td>\nFor Financials:<\/td>\n<\/tr>\n
\u00a0<\/td>\nJohn Oxford<\/td>\n\u00a0<\/td>\nJames C. Mabry IV<\/td>\n<\/tr>\n
\u00a0<\/td>\nSenior Vice President<\/td>\n\u00a0<\/td>\nExecutive Vice President<\/td>\n<\/tr>\n
\u00a0<\/td>\nDirector of Marketing<\/td>\n\u00a0<\/td>\nChief Financial Officer<\/td>\n<\/tr>\n
\u00a0<\/td>\n(662) 680-1219<\/td>\n\u00a0<\/td>\n(662) 680-1281<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n RENASANT CORPORATION<\/strong>
\n <\/u>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Dollars in thousands, except per share data)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Q1 2021- <\/strong>\n <\/td>\n\u00a0<\/td>\n\n For The Three Months Ending<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Q4 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Fourth<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Third<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Second<\/strong>\n <\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Percent<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Percent<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Variance<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Variance<\/strong>\n <\/td>\n<\/tr>\n
\n
\n Statement of earnings<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest income – taxable equivalent basis<\/td>\n\u00a0<\/td>\n$<\/td>\n123,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n123,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n123,677<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n125,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n131,887<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.36<\/td>\n)%<\/td>\n\u00a0<\/td>\n$<\/td>\n123,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n131,887<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.45<\/td>\n)%<\/td>\n<\/tr>\n
Interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n121,762<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n121,926<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n122,078<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n123,955<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n130,173<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.13<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n121,762<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n130,173<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.46<\/td>\n)<\/td>\n<\/tr>\n
Interest expense<\/td>\n\u00a0<\/td>\n12,114<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,799<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,792<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,173<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12.21<\/td>\n)<\/td>\n\u00a0<\/td>\n12,114<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(48.61<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nNet interest income<\/td>\n\u00a0<\/td>\n109,648<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n108,127<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106,286<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n105,782<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106,602<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,648<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106,602<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.86<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for credit losses<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,100<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,350<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(100.00<\/td>\n)<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,350<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(100.00<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nNet interest income after provision<\/td>\n\u00a0<\/td>\n109,648<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n97,627<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83,186<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,882<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,252<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,648<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,252<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36.63<\/td>\n\u00a0<\/td>\n<\/tr>\n
Service charges on deposit accounts<\/td>\n\u00a0<\/td>\n8,023<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,938<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,486<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,832<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,070<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,023<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,070<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11.54<\/td>\n)<\/td>\n<\/tr>\n
Fees and commissions on loans and deposits<\/td>\n\u00a0<\/td>\n3,900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,616<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,402<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,971<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,054<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.85<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,054<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.70<\/td>\n\u00a0<\/td>\n<\/tr>\n
Insurance commissions and fees<\/td>\n\u00a0<\/td>\n2,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,193<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,681<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,991<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,991<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.36<\/td>\n\u00a0<\/td>\n<\/tr>\n
Wealth management revenue<\/td>\n\u00a0<\/td>\n4,792<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,314<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,364<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,824<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,002<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,792<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,002<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.74<\/td>\n\u00a0<\/td>\n<\/tr>\n
Securities gains (losses)<\/td>\n\u00a0<\/td>\n1,357<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,946.67<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,357<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Mortgage banking income<\/td>\n\u00a0<\/td>\n50,733<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n39,760<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49,714<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45,490<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,535<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.60<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50,733<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,535<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n226.57<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n9,995<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,028<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,281<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,897<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,918<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98.79<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,995<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,918<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n155.10<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nTotal noninterest income<\/td>\n\u00a0<\/td>\n81,037<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,864<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,928<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,170<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,570<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81,037<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,570<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n115.70<\/td>\n\u00a0<\/td>\n<\/tr>\n
Salaries and employee benefits<\/td>\n\u00a0<\/td>\n78,696<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,432<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75,406<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79,361<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,189<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.73<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,696<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,189<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.52<\/td>\n\u00a0<\/td>\n<\/tr>\n
Data processing<\/td>\n\u00a0<\/td>\n5,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,373<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,259<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,047<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,006<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.45<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,006<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.89<\/td>\n\u00a0<\/td>\n<\/tr>\n
Occupancy and equipment<\/td>\n\u00a0<\/td>\n12,538<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,153<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,296<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,511<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,120<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4.68<\/td>\n)<\/td>\n\u00a0<\/td>\n12,538<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,120<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11.20<\/td>\n)<\/td>\n<\/tr>\n
Other real estate<\/td>\n\u00a0<\/td>\n41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n683<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,033<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n620<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n418<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(94.00<\/td>\n)<\/td>\n\u00a0<\/td>\n41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n418<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(90.19<\/td>\n)<\/td>\n<\/tr>\n
Amortization of intangibles<\/td>\n\u00a0<\/td>\n1,598<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,659<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,733<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,834<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,895<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.68<\/td>\n)<\/td>\n\u00a0<\/td>\n1,598<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,895<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15.67<\/td>\n)<\/td>\n<\/tr>\n
Restructuring charges<\/td>\n\u00a0<\/td>\n292<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,365<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(96.04<\/td>\n)<\/td>\n\u00a0<\/td>\n292<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Swap termination charges<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(100.00<\/td>\n)<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Debt prepayment penalty<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(100.00<\/td>\n)<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n17,319<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,444<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,755<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,822<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,413<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.72<\/td>\n)<\/td>\n\u00a0<\/td>\n17,319<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,413<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15.16<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nTotal noninterest expense<\/td>\n\u00a0<\/td>\n115,935<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n122,152<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n116,510<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118,285<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n115,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5.09<\/td>\n)<\/td>\n\u00a0<\/td>\n115,935<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n115,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.78<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income before income taxes<\/td>\n\u00a0<\/td>\n74,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,339<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,604<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,781<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94.97<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,781<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,587.88<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income taxes<\/td>\n\u00a0<\/td>\n16,842<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,818<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,612<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,637<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n773<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147.02<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,842<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n773<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,078.78<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net income<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n57,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n31,521<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,992<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n20,130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,008<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83.71<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n57,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,008<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,783.86<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic earnings per share<\/td>\n\u00a0<\/td>\n$<\/td>\n1.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.56<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.53<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83.93<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,475.00<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings per share<\/td>\n\u00a0<\/td>\n1.02<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.56<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.53<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82.14<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.02<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,450.00<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average basic shares outstanding<\/td>\n\u00a0<\/td>\n56,240,201<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,197,847<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,185,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,165,452<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,534,816<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,240,201<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,534,816<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.52<\/td>\n)<\/td>\n<\/tr>\n
Average diluted shares outstanding<\/td>\n\u00a0<\/td>\n56,519,199<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,489,809<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,386,153<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,325,476<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,706,289<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.05<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,519,199<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,706,289<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.33<\/td>\n)<\/td>\n<\/tr>\n
Common shares outstanding<\/td>\n\u00a0<\/td>\n56,294,346<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,200,487<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,193,705<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,181,962<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,141,018<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.17<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,294,346<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,141,018<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.27<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash dividend per common share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Performance ratios<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on avg shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n10.81<\/td>\n%<\/td>\n\u00a0<\/td>\n5.88<\/td>\n%<\/td>\n\u00a0<\/td>\n5.63<\/td>\n%<\/td>\n\u00a0<\/td>\n3.85<\/td>\n%<\/td>\n\u00a0<\/td>\n0.38<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.81<\/td>\n%<\/td>\n\u00a0<\/td>\n0.38<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on avg tangible s\/h\u2019s equity (non-GAAP) (1)<\/td>\n\u00a0<\/td>\n19.93<\/td>\n%<\/td>\n\u00a0<\/td>\n11.26<\/td>\n%<\/td>\n\u00a0<\/td>\n10.87<\/td>\n%<\/td>\n\u00a0<\/td>\n7.72<\/td>\n%<\/td>\n\u00a0<\/td>\n1.20<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.93<\/td>\n%<\/td>\n\u00a0<\/td>\n1.20<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on avg assets<\/td>\n\u00a0<\/td>\n1.54<\/td>\n%<\/td>\n\u00a0<\/td>\n0.84<\/td>\n%<\/td>\n\u00a0<\/td>\n0.80<\/td>\n%<\/td>\n\u00a0<\/td>\n0.55<\/td>\n%<\/td>\n\u00a0<\/td>\n0.06<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.54<\/td>\n%<\/td>\n\u00a0<\/td>\n0.06<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on avg tangible assets (non-GAAP)(2)<\/td>\n\u00a0<\/td>\n1.69<\/td>\n%<\/td>\n\u00a0<\/td>\n0.94<\/td>\n%<\/td>\n\u00a0<\/td>\n0.89<\/td>\n%<\/td>\n\u00a0<\/td>\n0.63<\/td>\n%<\/td>\n\u00a0<\/td>\n0.11<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.69<\/td>\n%<\/td>\n\u00a0<\/td>\n0.11<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest margin (FTE)<\/td>\n\u00a0<\/td>\n3.37<\/td>\n%<\/td>\n\u00a0<\/td>\n3.35<\/td>\n%<\/td>\n\u00a0<\/td>\n3.29<\/td>\n%<\/td>\n\u00a0<\/td>\n3.38<\/td>\n%<\/td>\n\u00a0<\/td>\n3.75<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.37<\/td>\n%<\/td>\n\u00a0<\/td>\n3.75<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Yield on earning assets (FTE)<\/td>\n\u00a0<\/td>\n3.74<\/td>\n%<\/td>\n\u00a0<\/td>\n3.77<\/td>\n%<\/td>\n\u00a0<\/td>\n3.77<\/td>\n%<\/td>\n\u00a0<\/td>\n3.95<\/td>\n%<\/td>\n\u00a0<\/td>\n4.57<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.74<\/td>\n%<\/td>\n\u00a0<\/td>\n4.57<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of funding<\/td>\n\u00a0<\/td>\n0.38<\/td>\n%<\/td>\n\u00a0<\/td>\n0.44<\/td>\n%<\/td>\n\u00a0<\/td>\n0.50<\/td>\n%<\/td>\n\u00a0<\/td>\n0.59<\/td>\n%<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.38<\/td>\n%<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average earning assets to average assets<\/td>\n\u00a0<\/td>\n87.86<\/td>\n%<\/td>\n\u00a0<\/td>\n87.66<\/td>\n%<\/td>\n\u00a0<\/td>\n87.31<\/td>\n%<\/td>\n\u00a0<\/td>\n86.88<\/td>\n%<\/td>\n\u00a0<\/td>\n86.17<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87.86<\/td>\n%<\/td>\n\u00a0<\/td>\n86.17<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average loans to average deposits<\/td>\n\u00a0<\/td>\n87.78<\/td>\n%<\/td>\n\u00a0<\/td>\n91.83<\/td>\n%<\/td>\n\u00a0<\/td>\n93.31<\/td>\n%<\/td>\n\u00a0<\/td>\n93.35<\/td>\n%<\/td>\n\u00a0<\/td>\n93.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87.78<\/td>\n%<\/td>\n\u00a0<\/td>\n93.83<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noninterest income (less securities gains\/<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
losses) to average assets<\/td>\n\u00a0<\/td>\n2.13<\/td>\n%<\/td>\n\u00a0<\/td>\n1.68<\/td>\n%<\/td>\n\u00a0<\/td>\n1.89<\/td>\n%<\/td>\n\u00a0<\/td>\n1.75<\/td>\n%<\/td>\n\u00a0<\/td>\n1.12<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.13<\/td>\n%<\/td>\n\u00a0<\/td>\n1.12<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noninterest expense (less debt prepayment penalties)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
to average assets<\/td>\n\u00a0<\/td>\n3.09<\/td>\n%<\/td>\n\u00a0<\/td>\n3.26<\/td>\n%<\/td>\n\u00a0<\/td>\n3.10<\/td>\n%<\/td>\n\u00a0<\/td>\n3.23<\/td>\n%<\/td>\n\u00a0<\/td>\n3.43<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.09<\/td>\n%<\/td>\n\u00a0<\/td>\n3.43<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net overhead ratio<\/td>\n\u00a0<\/td>\n0.96<\/td>\n%<\/td>\n\u00a0<\/td>\n1.58<\/td>\n%<\/td>\n\u00a0<\/td>\n1.21<\/td>\n%<\/td>\n\u00a0<\/td>\n1.48<\/td>\n%<\/td>\n\u00a0<\/td>\n2.31<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.96<\/td>\n%<\/td>\n\u00a0<\/td>\n2.31<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Efficiency ratio (FTE)<\/td>\n\u00a0<\/td>\n60.29<\/td>\n%<\/td>\n\u00a0<\/td>\n70.65<\/td>\n%<\/td>\n\u00a0<\/td>\n65.16<\/td>\n%<\/td>\n\u00a0<\/td>\n68.92<\/td>\n%<\/td>\n\u00a0<\/td>\n78.86<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60.29<\/td>\n%<\/td>\n\u00a0<\/td>\n78.86<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted efficiency ratio (FTE) (non-GAAP) (4)<\/td>\n\u00a0<\/td>\n63.85<\/td>\n%<\/td>\n\u00a0<\/td>\n64.35<\/td>\n%<\/td>\n\u00a0<\/td>\n62.63<\/td>\n%<\/td>\n\u00a0<\/td>\n60.89<\/td>\n%<\/td>\n\u00a0<\/td>\n68.73<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63.85<\/td>\n%<\/td>\n\u00a0<\/td>\n68.73<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n RENASANT CORPORATION<\/strong>
\n <\/u>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Dollars in thousands, except per share data)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Q1 2021 –<\/strong>\n <\/td>\n\u00a0<\/td>\n\n As of<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Q4 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Fourth<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Third<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Second<\/strong>\n <\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Percent<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Percent<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Variance<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Variance<\/strong>\n <\/td>\n<\/tr>\n
\n
\n Average Balances<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n15,203,691<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,898,055<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,928,159<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,706,027<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,472,550<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.05<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n15,203,691<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,472,550<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.85<\/td>\n%<\/td>\n<\/tr>\n
Earning assets<\/td>\n\u00a0<\/td>\n13,358,677<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,059,967<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,034,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,776,643<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,609,477<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.29<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,358,677<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,609,477<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.07<\/td>\n\u00a0<\/td>\n<\/tr>\n
Securities<\/td>\n\u00a0<\/td>\n1,372,123<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,269,108<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,269,565<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,295,539<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,292,875<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.12<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,372,123<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,292,875<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.13<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans held for sale<\/td>\n\u00a0<\/td>\n406,397<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n389,435<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n378,225<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n340,582<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n336,829<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n406,397<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n336,829<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.65<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans, net of unearned income<\/td>\n\u00a0<\/td>\n10,802,991<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,019,505<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,041,684<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,616,147<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,687,285<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.96<\/td>\n)<\/td>\n\u00a0<\/td>\n10,802,991<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,687,285<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.52<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangibles<\/td>\n\u00a0<\/td>\n969,001<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n970,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n972,394<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n974,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n975,933<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.17<\/td>\n)<\/td>\n\u00a0<\/td>\n969,001<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n975,933<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.71<\/td>\n)<\/td>\n<\/tr>\n
Noninterest-bearing deposits<\/td>\n\u00a0<\/td>\n3,862,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,808,595<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,723,059<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,439,634<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,586,963<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,862,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,586,963<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49.30<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing deposits<\/td>\n\u00a0<\/td>\n8,444,766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,190,997<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,109,844<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,933,035<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,737,615<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.10<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,444,766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,737,615<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.14<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total deposits<\/td>\n\u00a0<\/td>\n12,307,188<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,999,592<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,832,903<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,372,669<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,324,578<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.56<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,307,188<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,324,578<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.20<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowed funds<\/td>\n\u00a0<\/td>\n483,907<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n516,414<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n719,800<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,000,789<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n829,320<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.29<\/td>\n)<\/td>\n\u00a0<\/td>\n483,907<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n829,320<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(41.65<\/td>\n)<\/td>\n<\/tr>\n
Shareholders’ equity<\/td>\n\u00a0<\/td>\n2,172,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,132,375<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,119,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,101,092<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,105,143<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.88<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,172,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,105,143<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.20<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Q1 2021 –<\/strong>\n <\/td>\n\u00a0<\/td>\n\n As of<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Q4 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Fourth<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Third<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Second<\/strong>\n <\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Percent<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Percent<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Variance<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Variance<\/strong>\n <\/td>\n<\/tr>\n
\n
\n Balances at period end<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n15,622,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,929,612<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,808,933<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,897,207<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,900,550<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.64<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n15,622,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,900,550<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.39<\/td>\n%<\/td>\n<\/tr>\n
Earning assets<\/td>\n\u00a0<\/td>\n13,781,374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,151,707<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,984,651<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,041,846<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,980,482<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.79<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,781,374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,980,482<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.03<\/td>\n\u00a0<\/td>\n<\/tr>\n
Securities<\/td>\n\u00a0<\/td>\n1,536,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,343,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,293,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,303,494<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,359,129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.33<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,536,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,359,129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.02<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans held for sale<\/td>\n\u00a0<\/td>\n502,002<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n417,771<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n399,773<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n339,747<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n448,797<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n502,002<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n448,797<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.86<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non purchased loans<\/td>\n\u00a0<\/td>\n9,292,502<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,419,540<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,424,224<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,206,101<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,802,404<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.35<\/td>\n)<\/td>\n\u00a0<\/td>\n9,292,502<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,802,404<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.10<\/td>\n\u00a0<\/td>\n<\/tr>\n
Purchased loans<\/td>\n\u00a0<\/td>\n1,395,906<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,514,107<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,660,514<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,791,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,966,973<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7.81<\/td>\n)<\/td>\n\u00a0<\/td>\n1,395,906<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,966,973<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(29.03<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nTotal loans<\/td>\n\u00a0<\/td>\n10,688,408<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,933,647<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,084,738<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,997,304<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,769,377<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.24<\/td>\n)<\/td>\n\u00a0<\/td>\n10,688,408<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,769,377<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.41<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangibles<\/td>\n\u00a0<\/td>\n968,225<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n969,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n971,481<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n973,214<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n975,048<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.16<\/td>\n)<\/td>\n\u00a0<\/td>\n968,225<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n975,048<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.70<\/td>\n)<\/td>\n<\/tr>\n
Noninterest-bearing deposits<\/td>\n\u00a0<\/td>\n4,135,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,685,048<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,758,242<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,740,296<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,642,059<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,135,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,642,059<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56.52<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing deposits<\/td>\n\u00a0<\/td>\n8,601,548<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,374,033<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,175,898<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,106,062<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,770,367<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,601,548<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,770,367<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.70<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nTotal deposits<\/td>\n\u00a0<\/td>\n12,736,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,059,081<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,934,140<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,846,358<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,412,426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,736,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,412,426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22.32<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowed funds<\/td>\n\u00a0<\/td>\n479,814<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n496,310<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n517,706<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n718,490<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,179,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.32<\/td>\n)<\/td>\n\u00a0<\/td>\n479,814<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,179,631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(59.33<\/td>\n)<\/td>\n<\/tr>\n
Shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n2,173,701<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,132,733<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,104,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,082,946<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,070,512<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.92<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,173,701<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,070,512<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.98<\/td>\n\u00a0<\/td>\n<\/tr>\n
Market value per common share<\/td>\n\u00a0<\/td>\n41.38<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33.68<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22.72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24.90<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.84<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22.86<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41.38<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.84<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89.47<\/td>\n\u00a0<\/td>\n<\/tr>\n
Book value per common share<\/td>\n\u00a0<\/td>\n38.61<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37.95<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37.45<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36.88<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.74<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38.61<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36.88<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.69<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tangible book value per common share (non-GAAP)<\/td>\n\u00a0<\/td>\n21.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.69<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.51<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.48<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.51<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.74<\/td>\n\u00a0<\/td>\n<\/tr>\n
Shareholders\u2019 equity to assets (actual)<\/td>\n\u00a0<\/td>\n13.91<\/td>\n%<\/td>\n\u00a0<\/td>\n14.29<\/td>\n%<\/td>\n\u00a0<\/td>\n14.21<\/td>\n%<\/td>\n\u00a0<\/td>\n13.98<\/td>\n%<\/td>\n\u00a0<\/td>\n14.91<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.91<\/td>\n%<\/td>\n\u00a0<\/td>\n14.91<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tangible capital ratio (non-GAAP)(3)<\/td>\n\u00a0<\/td>\n8.23<\/td>\n%<\/td>\n\u00a0<\/td>\n8.33<\/td>\n%<\/td>\n\u00a0<\/td>\n8.19<\/td>\n%<\/td>\n\u00a0<\/td>\n7.97<\/td>\n%<\/td>\n\u00a0<\/td>\n8.48<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.23<\/td>\n%<\/td>\n\u00a0<\/td>\n8.48<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Leverage ratio<\/td>\n\u00a0<\/td>\n9.49<\/td>\n%<\/td>\n\u00a0<\/td>\n9.37<\/td>\n%<\/td>\n\u00a0<\/td>\n9.17<\/td>\n%<\/td>\n\u00a0<\/td>\n9.12<\/td>\n%<\/td>\n\u00a0<\/td>\n9.90<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.49<\/td>\n%<\/td>\n\u00a0<\/td>\n9.90<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common equity tier 1 capital ratio<\/td>\n\u00a0<\/td>\n11.05<\/td>\n%<\/td>\n\u00a0<\/td>\n10.93<\/td>\n%<\/td>\n\u00a0<\/td>\n10.80<\/td>\n%<\/td>\n\u00a0<\/td>\n10.69<\/td>\n%<\/td>\n\u00a0<\/td>\n10.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.05<\/td>\n%<\/td>\n\u00a0<\/td>\n10.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tier 1 risk-based capital ratio<\/td>\n\u00a0<\/td>\n12.00<\/td>\n%<\/td>\n\u00a0<\/td>\n11.91<\/td>\n%<\/td>\n\u00a0<\/td>\n11.79<\/td>\n%<\/td>\n\u00a0<\/td>\n11.69<\/td>\n%<\/td>\n\u00a0<\/td>\n11.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.00<\/td>\n%<\/td>\n\u00a0<\/td>\n11.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total risk-based capital ratio<\/td>\n\u00a0<\/td>\n15.09<\/td>\n%<\/td>\n\u00a0<\/td>\n15.07<\/td>\n%<\/td>\n\u00a0<\/td>\n14.89<\/td>\n%<\/td>\n\u00a0<\/td>\n13.72<\/td>\n%<\/td>\n\u00a0<\/td>\n13.44<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.09<\/td>\n%<\/td>\n\u00a0<\/td>\n13.44<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n RENASANT CORPORATION<\/strong>
\n <\/u>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Dollars in thousands, except per share data)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Q1 2021 –<\/strong>\n <\/td>\n\u00a0<\/td>\n\n As of<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Q4 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Fourth<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Third<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Second<\/strong>\n <\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Percent<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Percent<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Variance<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Variance<\/strong>\n <\/td>\n<\/tr>\n
\n
\n Non purchased loans<\/em>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial, financial, agricultural<\/td>\n\u00a0<\/td>\n$<\/td>\n1,244,580<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,231,768<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,137,321<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,134,965<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,144,004<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.04<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n1,244,580<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,144,004<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.79<\/td>\n%<\/td>\n<\/tr>\n
SBA Paycheck Protection Program<\/td>\n\u00a0<\/td>\n860,864<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,128,703<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,307,972<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,281,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(23.73<\/td>\n)<\/td>\n\u00a0<\/td>\n860,864<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease financing<\/td>\n\u00a0<\/td>\n75,256<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75,862<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82,928<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,779<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84,679<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.80<\/td>\n)<\/td>\n\u00a0<\/td>\n75,256<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84,679<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11.13<\/td>\n)<\/td>\n<\/tr>\n
Real estate – construction<\/td>\n\u00a0<\/td>\n933,586<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n827,152<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n738,873<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n756,872<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n745,066<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.87<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n933,586<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n745,066<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25.30<\/td>\n\u00a0<\/td>\n<\/tr>\n
Real estate – 1-4 family mortgages<\/td>\n\u00a0<\/td>\n2,380,920<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,356,564<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,369,292<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,342,987<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,356,627<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,380,920<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,356,627<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.03<\/td>\n\u00a0<\/td>\n<\/tr>\n
Real estate – commercial mortgages<\/td>\n\u00a0<\/td>\n3,676,160<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,649,629<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,610,642<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,400,718<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,242,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.73<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,676,160<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,242,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.39<\/td>\n\u00a0<\/td>\n<\/tr>\n
Installment loans to individuals<\/td>\n\u00a0<\/td>\n121,136<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n149,862<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n177,195<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n208,502<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n229,856<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(19.17<\/td>\n)<\/td>\n\u00a0<\/td>\n121,136<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n229,856<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(47.30<\/td>\n)<\/td>\n<\/tr>\n
Loans, net of unearned income<\/td>\n\u00a0<\/td>\n$<\/td>\n9,292,502<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,419,540<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,424,223<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,206,101<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,802,404<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.35<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n9,292,502<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,802,404<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.10<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Purchased loans<\/em>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commercial, financial, agricultural<\/td>\n\u00a0<\/td>\n$<\/td>\n143,843<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n176,513<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n202,768<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n225,355<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n280,572<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(18.51<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n143,843<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n280,572<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(48.73<\/td>\n)<\/td>\n<\/tr>\n
Real estate – construction<\/td>\n\u00a0<\/td>\n22,332<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,952<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,246<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,236<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,829<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(27.85<\/td>\n)<\/td>\n\u00a0<\/td>\n22,332<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,829<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(47.86<\/td>\n)<\/td>\n<\/tr>\n
Real estate – 1-4 family mortgages<\/td>\n\u00a0<\/td>\n305,141<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n341,744<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n391,102<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n445,526<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n489,674<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10.71<\/td>\n)<\/td>\n\u00a0<\/td>\n305,141<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n489,674<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(37.68<\/td>\n)<\/td>\n<\/tr>\n
Real estate – commercial mortgages<\/td>\n\u00a0<\/td>\n872,867<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n905,223<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n966,367<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,010,035<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,066,536<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.57<\/td>\n)<\/td>\n\u00a0<\/td>\n872,867<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,066,536<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(18.16<\/td>\n)<\/td>\n<\/tr>\n
Installment loans to individuals<\/td>\n\u00a0<\/td>\n51,723<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n59,675<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n66,031<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n76,051<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87,362<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13.33<\/td>\n)<\/td>\n\u00a0<\/td>\n51,723<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87,362<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(40.79<\/td>\n)<\/td>\n<\/tr>\n
Loans, net of unearned income<\/td>\n\u00a0<\/td>\n$<\/td>\n1,395,906<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,514,107<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,660,514<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,791,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,966,973<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7.81<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,395,906<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,966,973<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(29.03<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Asset quality data<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non purchased assets<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonaccrual loans<\/td>\n\u00a0<\/td>\n$<\/td>\n24,794<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n20,369<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n18,831<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16,591<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21,384<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24,794<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21,384<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.95<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans 90 past due or more<\/td>\n\u00a0<\/td>\n2,235<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,783<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,826<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,993<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,459<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(40.92<\/td>\n)<\/td>\n\u00a0<\/td>\n2,235<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,459<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(49.88<\/td>\n)<\/td>\n<\/tr>\n
Nonperforming loans<\/td>\n\u00a0<\/td>\n27,029<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,152<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,657<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,584<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,843<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,029<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,843<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.59<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other real estate owned<\/td>\n\u00a0<\/td>\n2,292<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,045<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,576<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,694<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,241<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,292<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,241<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(29.28<\/td>\n)<\/td>\n<\/tr>\n
Nonperforming assets<\/td>\n\u00a0<\/td>\n$<\/td>\n29,321<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n26,197<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24,233<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,084<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.93<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,321<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,084<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.81<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Purchased assets<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonaccrual loans<\/td>\n\u00a0<\/td>\n$<\/td>\n28,947<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n31,051<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24,821<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21,361<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,090<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.78<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n28,947<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,090<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51.63<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans 90 past due or more<\/td>\n\u00a0<\/td>\n129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n267<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,104<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(51.69<\/td>\n)<\/td>\n\u00a0<\/td>\n129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,104<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(97.47<\/td>\n)<\/td>\n<\/tr>\n
Nonperforming loans<\/td>\n\u00a0<\/td>\n29,076<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31,318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,519<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,194<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7.16<\/td>\n)<\/td>\n\u00a0<\/td>\n29,076<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,194<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.18<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other real estate owned<\/td>\n\u00a0<\/td>\n3,679<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,927<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,576<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,431<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,430<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.32<\/td>\n)<\/td>\n\u00a0<\/td>\n3,679<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,430<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(32.25<\/td>\n)<\/td>\n<\/tr>\n
Nonperforming assets<\/td>\n\u00a0<\/td>\n$<\/td>\n32,755<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n35,245<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,715<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n27,950<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7.06<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n32,755<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.57<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loan charge-offs (recoveries)<\/td>\n\u00a0<\/td>\n$<\/td>\n3,038<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n954<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n389<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,698<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n811<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n218.45<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,038<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n811<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n274.60<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for credit losses on loans<\/td>\n\u00a0<\/td>\n$<\/td>\n173,106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n176,144<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n168,098<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n145,387<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n120,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.72<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n173,106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n120,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44.03<\/td>\n\u00a0<\/td>\n<\/tr>\n
Annualized net loan charge-offs \/ average loans<\/td>\n\u00a0<\/td>\n0.11<\/td>\n%<\/td>\n\u00a0<\/td>\n0.03<\/td>\n%<\/td>\n\u00a0<\/td>\n0.01<\/td>\n%<\/td>\n\u00a0<\/td>\n0.06<\/td>\n%<\/td>\n\u00a0<\/td>\n0.03<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.11<\/td>\n%<\/td>\n\u00a0<\/td>\n0.03<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonperforming loans \/ total loans*<\/td>\n\u00a0<\/td>\n0.52<\/td>\n%<\/td>\n\u00a0<\/td>\n0.51<\/td>\n%<\/td>\n\u00a0<\/td>\n0.41<\/td>\n%<\/td>\n\u00a0<\/td>\n0.40<\/td>\n%<\/td>\n\u00a0<\/td>\n0.51<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.52<\/td>\n%<\/td>\n\u00a0<\/td>\n0.51<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonperforming assets \/ total assets*<\/td>\n\u00a0<\/td>\n0.40<\/td>\n%<\/td>\n\u00a0<\/td>\n0.41<\/td>\n%<\/td>\n\u00a0<\/td>\n0.36<\/td>\n%<\/td>\n\u00a0<\/td>\n0.36<\/td>\n%<\/td>\n\u00a0<\/td>\n0.42<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.40<\/td>\n%<\/td>\n\u00a0<\/td>\n0.42<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for credit losses on loans \/ total loans*<\/td>\n\u00a0<\/td>\n1.62<\/td>\n%<\/td>\n\u00a0<\/td>\n1.61<\/td>\n%<\/td>\n\u00a0<\/td>\n1.52<\/td>\n%<\/td>\n\u00a0<\/td>\n1.32<\/td>\n%<\/td>\n\u00a0<\/td>\n1.23<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.62<\/td>\n%<\/td>\n\u00a0<\/td>\n1.23<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for credit losses on loans \/ nonperforming loans*<\/td>\n\u00a0<\/td>\n308.54<\/td>\n%<\/td>\n\u00a0<\/td>\n317.55<\/td>\n%<\/td>\n\u00a0<\/td>\n367.05<\/td>\n%<\/td>\n\u00a0<\/td>\n329.65<\/td>\n%<\/td>\n\u00a0<\/td>\n240.19<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n308.54<\/td>\n%<\/td>\n\u00a0<\/td>\n240.19<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonperforming loans \/ total loans**<\/td>\n\u00a0<\/td>\n0.29<\/td>\n%<\/td>\n\u00a0<\/td>\n0.26<\/td>\n%<\/td>\n\u00a0<\/td>\n0.22<\/td>\n%<\/td>\n\u00a0<\/td>\n0.22<\/td>\n%<\/td>\n\u00a0<\/td>\n0.33<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.29<\/td>\n%<\/td>\n\u00a0<\/td>\n0.33<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Nonperforming assets \/ total assets**<\/td>\n\u00a0<\/td>\n0.19<\/td>\n%<\/td>\n\u00a0<\/td>\n0.18<\/td>\n%<\/td>\n\u00a0<\/td>\n0.16<\/td>\n%<\/td>\n\u00a0<\/td>\n0.17<\/td>\n%<\/td>\n\u00a0<\/td>\n0.21<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.19<\/td>\n%<\/td>\n\u00a0<\/td>\n0.21<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
*Based on all assets (includes purchased assets)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
**Excludes all purchased assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n RENASANT CORPORATION<\/strong>
\n <\/u>
\n \n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Dollars in thousands, except per share data)<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ending<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n March 31, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31, 2020<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Average<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Interest<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Yield\/\u00a0\u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Average<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Interest<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Yield\/\u00a0\u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Average<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Interest<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Yield\/\u00a0\u00a0<\/strong>\n <\/td>\n<\/tr>\n
\n Balance<\/strong>\n <\/td>\n\n Income\/<\/strong>\n <\/td>\n\n \u00a0Rate<\/strong>\n <\/td>\n\n Balance<\/strong>\n <\/td>\n\n Income\/<\/strong>\n <\/td>\n\n \u00a0Rate<\/strong>\n <\/td>\n\n Balance<\/strong>\n <\/td>\n\n Income\/<\/strong>\n <\/td>\n\n \u00a0Rate<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-earning assets:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non purchased<\/td>\n\u00a0<\/td>\n$<\/td>\n8,362,793<\/td>\n\u00a0<\/td>\n$<\/td>\n81,928<\/td>\n\u00a0<\/td>\n3.97<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n8,167,922<\/td>\n\u00a0<\/td>\n$<\/td>\n81,626<\/td>\n\u00a0<\/td>\n3.98<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n7,654,662<\/td>\n\u00a0<\/td>\n$<\/td>\n88,554<\/td>\n\u00a0<\/td>\n4.65<\/td>\n%<\/td>\n<\/tr>\n
Purchased<\/td>\n\u00a0<\/td>\n1,454,637<\/td>\n\u00a0<\/td>\n20,457<\/td>\n\u00a0<\/td>\n5.69<\/td>\n%<\/td>\n\u00a0<\/td>\n1,598,593<\/td>\n\u00a0<\/td>\n21,560<\/td>\n\u00a0<\/td>\n5.37<\/td>\n%<\/td>\n\u00a0<\/td>\n2,032,623<\/td>\n\u00a0<\/td>\n30,187<\/td>\n\u00a0<\/td>\n5.97<\/td>\n%<\/td>\n<\/tr>\n
SBA Paycheck Protection Program<\/td>\n\u00a0<\/td>\n985,561<\/td>\n\u00a0<\/td>\n10,687<\/td>\n\u00a0<\/td>\n4.40<\/td>\n%<\/td>\n\u00a0<\/td>\n1,252,990<\/td>\n\u00a0<\/td>\n10,271<\/td>\n\u00a0<\/td>\n3.26<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n<\/tr>\n
Total loans<\/td>\n\u00a0<\/td>\n10,802,991<\/td>\n\u00a0<\/td>\n113,072<\/td>\n\u00a0<\/td>\n4.24<\/td>\n%<\/td>\n\u00a0<\/td>\n11,019,505<\/td>\n\u00a0<\/td>\n113,457<\/td>\n\u00a0<\/td>\n4.10<\/td>\n%<\/td>\n\u00a0<\/td>\n9,687,285<\/td>\n\u00a0<\/td>\n118,741<\/td>\n\u00a0<\/td>\n4.93<\/td>\n%<\/td>\n<\/tr>\n
Loans held for sale<\/td>\n\u00a0<\/td>\n406,397<\/td>\n\u00a0<\/td>\n2,999<\/td>\n\u00a0<\/td>\n2.96<\/td>\n%<\/td>\n\u00a0<\/td>\n389,435<\/td>\n\u00a0<\/td>\n3,083<\/td>\n\u00a0<\/td>\n3.15<\/td>\n%<\/td>\n\u00a0<\/td>\n336,829<\/td>\n\u00a0<\/td>\n2,988<\/td>\n\u00a0<\/td>\n3.57<\/td>\n%<\/td>\n<\/tr>\n
Securities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Taxable(1)<\/sup><\/td>\n\u00a0<\/td>\n1,065,779<\/td>\n\u00a0<\/td>\n4,840<\/td>\n\u00a0<\/td>\n1.82<\/td>\n%<\/td>\n\u00a0<\/td>\n985,695<\/td>\n\u00a0<\/td>\n4,953<\/td>\n\u00a0<\/td>\n2.00<\/td>\n%<\/td>\n\u00a0<\/td>\n1,067,274<\/td>\n\u00a0<\/td>\n7,289<\/td>\n\u00a0<\/td>\n2.75<\/td>\n%<\/td>\n<\/tr>\n
Tax-exempt<\/td>\n\u00a0<\/td>\n306,344<\/td>\n\u00a0<\/td>\n2,284<\/td>\n\u00a0<\/td>\n2.98<\/td>\n%<\/td>\n\u00a0<\/td>\n283,413<\/td>\n\u00a0<\/td>\n2,238<\/td>\n\u00a0<\/td>\n3.14<\/td>\n%<\/td>\n\u00a0<\/td>\n225,601<\/td>\n\u00a0<\/td>\n2,058<\/td>\n\u00a0<\/td>\n3.67<\/td>\n%<\/td>\n<\/tr>\n
Total securities<\/td>\n\u00a0<\/td>\n1,372,123<\/td>\n\u00a0<\/td>\n7,124<\/td>\n\u00a0<\/td>\n2.08<\/td>\n%<\/td>\n\u00a0<\/td>\n1,269,108<\/td>\n\u00a0<\/td>\n7,191<\/td>\n\u00a0<\/td>\n2.25<\/td>\n%<\/td>\n\u00a0<\/td>\n1,292,875<\/td>\n\u00a0<\/td>\n9,347<\/td>\n\u00a0<\/td>\n2.91<\/td>\n%<\/td>\n<\/tr>\n
Interest-bearing balances with banks<\/td>\n\u00a0<\/td>\n777,166<\/td>\n\u00a0<\/td>\n183<\/td>\n\u00a0<\/td>\n0.10<\/td>\n%<\/td>\n\u00a0<\/td>\n381,919<\/td>\n\u00a0<\/td>\n92<\/td>\n\u00a0<\/td>\n0.10<\/td>\n%<\/td>\n\u00a0<\/td>\n292,488<\/td>\n\u00a0<\/td>\n811<\/td>\n\u00a0<\/td>\n1.12<\/td>\n%<\/td>\n<\/tr>\n
Total interest-earning assets<\/td>\n\u00a0<\/td>\n13,358,677<\/td>\n\u00a0<\/td>\n123,378<\/td>\n\u00a0<\/td>\n3.74<\/td>\n%<\/td>\n\u00a0<\/td>\n13,059,967<\/td>\n\u00a0<\/td>\n123,823<\/td>\n\u00a0<\/td>\n3.77<\/td>\n%<\/td>\n\u00a0<\/td>\n11,609,477<\/td>\n\u00a0<\/td>\n131,887<\/td>\n\u00a0<\/td>\n4.57<\/td>\n%<\/td>\n<\/tr>\n
Cash and due from banks<\/td>\n\u00a0<\/td>\n205,830<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n196,552<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n186,317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets<\/td>\n\u00a0<\/td>\n969,001<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n970,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n975,933<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n\u00a0<\/td>\n670,183<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n670,912<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n700,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n15,203,691<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,898,055<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,472,550<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Liabilities and shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest-bearing demand(2)<\/sup><\/td>\n\u00a0<\/td>\n$<\/td>\n5,906,230<\/td>\n\u00a0<\/td>\n$<\/td>\n3,932<\/td>\n\u00a0<\/td>\n0.27<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n5,607,906<\/td>\n\u00a0<\/td>\n$<\/td>\n4,380<\/td>\n\u00a0<\/td>\n0.31<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n4,939,757<\/td>\n\u00a0<\/td>\n$<\/td>\n9,253<\/td>\n\u00a0<\/td>\n0.75<\/td>\n%<\/td>\n<\/tr>\n
Savings deposits<\/td>\n\u00a0<\/td>\n882,758<\/td>\n\u00a0<\/td>\n169<\/td>\n\u00a0<\/td>\n0.08<\/td>\n%<\/td>\n\u00a0<\/td>\n830,304<\/td>\n\u00a0<\/td>\n165<\/td>\n\u00a0<\/td>\n0.08<\/td>\n%<\/td>\n\u00a0<\/td>\n681,182<\/td>\n\u00a0<\/td>\n252<\/td>\n\u00a0<\/td>\n0.15<\/td>\n%<\/td>\n<\/tr>\n
Time deposits<\/td>\n\u00a0<\/td>\n1,655,778<\/td>\n\u00a0<\/td>\n4,178<\/td>\n\u00a0<\/td>\n1.02<\/td>\n%<\/td>\n\u00a0<\/td>\n1,752,787<\/td>\n\u00a0<\/td>\n5,296<\/td>\n\u00a0<\/td>\n1.20<\/td>\n%<\/td>\n\u00a0<\/td>\n2,116,676<\/td>\n\u00a0<\/td>\n8,989<\/td>\n\u00a0<\/td>\n1.71<\/td>\n%<\/td>\n<\/tr>\n
Total interest-bearing deposits<\/td>\n\u00a0<\/td>\n8,444,766<\/td>\n\u00a0<\/td>\n8,279<\/td>\n\u00a0<\/td>\n0.40<\/td>\n%<\/td>\n\u00a0<\/td>\n8,190,997<\/td>\n\u00a0<\/td>\n9,841<\/td>\n\u00a0<\/td>\n0.48<\/td>\n%<\/td>\n\u00a0<\/td>\n7,737,615<\/td>\n\u00a0<\/td>\n18,494<\/td>\n\u00a0<\/td>\n0.96<\/td>\n%<\/td>\n<\/tr>\n
Borrowed funds<\/td>\n\u00a0<\/td>\n483,907<\/td>\n\u00a0<\/td>\n3,835<\/td>\n\u00a0<\/td>\n3.21<\/td>\n%<\/td>\n\u00a0<\/td>\n516,414<\/td>\n\u00a0<\/td>\n3,958<\/td>\n\u00a0<\/td>\n3.05<\/td>\n%<\/td>\n\u00a0<\/td>\n829,320<\/td>\n\u00a0<\/td>\n5,077<\/td>\n\u00a0<\/td>\n2.46<\/td>\n%<\/td>\n<\/tr>\n
Total interest-bearing liabilities<\/td>\n\u00a0<\/td>\n8,928,673<\/td>\n\u00a0<\/td>\n12,114<\/td>\n\u00a0<\/td>\n0.55<\/td>\n%<\/td>\n\u00a0<\/td>\n8,707,411<\/td>\n\u00a0<\/td>\n13,799<\/td>\n\u00a0<\/td>\n0.63<\/td>\n%<\/td>\n\u00a0<\/td>\n8,566,935<\/td>\n\u00a0<\/td>\n23,571<\/td>\n\u00a0<\/td>\n1.11<\/td>\n%<\/td>\n<\/tr>\n
Noninterest-bearing deposits<\/td>\n\u00a0<\/td>\n3,862,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,808,595<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,586,963<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n240,171<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n249,674<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n213,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n2,172,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,132,375<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,105,143<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and shareholders\u2019 equity<\/td>\n\u00a0<\/td>\n$<\/td>\n15,203,691<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,898,055<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,472,550<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net interest income\/ net interest margin<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n111,264<\/td>\n\u00a0<\/td>\n3.37<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n110,024<\/td>\n\u00a0<\/td>\n3.35<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n108,316<\/td>\n\u00a0<\/td>\n3.75<\/td>\n%<\/td>\n<\/tr>\n
Cost of funding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.38<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.44<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.85<\/td>\n%<\/td>\n<\/tr>\n
Cost of total deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.27<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.33<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.72<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (1)<\/sup> U.S. Government and some U.S. Government Agency securities are tax-exempt in the states in which the Company operates.<\/td>\n<\/tr>\n
\n (2)<\/sup> Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n RENASANT CORPORATION<\/strong>
\n <\/u>
\n \n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Dollars in thousands, except per share data)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n RECONCILIATION OF GAAP TO NON-GAAP<\/strong>
\n <\/u>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Fourth<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Third<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Second<\/strong>\n <\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n<\/tr>\n
Net income (GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n57,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n31,521<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,992<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n20,130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,008<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of intangibles<\/td>\n\u00a0<\/td>\n1,598<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,659<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,733<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,834<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,895<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax effect of adjustment noted above (A)<\/sup><\/td>\n\u00a0<\/td>\n(361<\/td>\n)<\/td>\n\u00a0<\/td>\n(297<\/td>\n)<\/td>\n\u00a0<\/td>\n(374<\/td>\n)<\/td>\n\u00a0<\/td>\n(335<\/td>\n)<\/td>\n\u00a0<\/td>\n(527<\/td>\n)<\/td>\n<\/tr>\n
Tangible net income (non-GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n59,145<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n32,883<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n31,351<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21,629<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,376<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n57,908<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n31,521<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,992<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n20,130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,008<\/td>\n\u00a0<\/td>\n<\/tr>\n
Debt prepayment penalties<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
MSR valuation adjustment<\/td>\n\u00a0<\/td>\n(13,561<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,968<\/td>\n)<\/td>\n\u00a0<\/td>\n(828<\/td>\n)<\/td>\n\u00a0<\/td>\n4,951<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,571<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restructuring charges<\/td>\n\u00a0<\/td>\n292<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,365<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Swap termination charges<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
COVID-19 related expenses<\/td>\n\u00a0<\/td>\n785<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n613<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n570<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,257<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,903<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax effect of adjustment noted above (A)<\/sup><\/td>\n\u00a0<\/td>\n2,820<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,443<\/td>\n)<\/td>\n\u00a0<\/td>\n50<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,065<\/td>\n)<\/td>\n\u00a0<\/td>\n(3,467<\/td>\n)<\/td>\n<\/tr>\n
Net income with exclusions (non-GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n48,244<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n38,131<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,812<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29,363<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,015<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average shareholders\u2019 equity (GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n2,172,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,132,375<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,119,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,101,092<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,105,143<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangibles<\/td>\n\u00a0<\/td>\n969,001<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n970,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n972,394<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n974,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n975,933<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average tangible s\/h\u2019s equity (non-GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,203,424<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,161,751<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,147,106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,126,855<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,129,210<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average total assets (GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n15,203,691<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,898,055<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,928,159<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,706,027<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,472,550<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangibles<\/td>\n\u00a0<\/td>\n969,001<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n970,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n972,394<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n974,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n975,933<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average tangible assets (non-GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n14,234,690<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,927,431<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,955,765<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,731,790<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,496,617<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Actual shareholders\u2019 equity (GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n2,173,701<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,132,733<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,104,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,082,946<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,070,512<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangibles<\/td>\n\u00a0<\/td>\n968,225<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n969,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n971,481<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n973,214<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n975,048<\/td>\n\u00a0<\/td>\n<\/tr>\n
Actual tangible s\/h\u2019s equity (non-GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,205,476<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,162,910<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,132,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,109,732<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,095,464<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Actual total assets (GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n15,622,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,929,612<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,808,933<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,897,207<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,900,550<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangibles<\/td>\n\u00a0<\/td>\n968,225<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n969,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n971,481<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n973,214<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n975,048<\/td>\n\u00a0<\/td>\n<\/tr>\n
Actual tangible assets (non-GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n14,654,346<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,959,789<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,837,452<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,923,993<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,925,502<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(A) Tax effect is calculated based on respective periods effective tax rate.<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n RENASANT CORPORATION<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Dollars in thousands, except per share data)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n RECONCILIATION OF GAAP TO NON-GAAP<\/strong>
\n <\/u>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Fourth<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Third<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Second<\/strong>\n <\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n<\/tr>\n
\n (1) Return on Average Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on avg s\/h\u2019s equity (GAAP)<\/td>\n\u00a0<\/td>\n10.81<\/td>\n%<\/td>\n\u00a0<\/td>\n5.88<\/td>\n%<\/td>\n\u00a0<\/td>\n5.63<\/td>\n%<\/td>\n\u00a0<\/td>\n3.85<\/td>\n%<\/td>\n\u00a0<\/td>\n0.38<\/td>\n%<\/td>\n<\/tr>\n
Effect of adjustment for intangible assets<\/td>\n\u00a0<\/td>\n9.12<\/td>\n%<\/td>\n\u00a0<\/td>\n5.38<\/td>\n%<\/td>\n\u00a0<\/td>\n5.24<\/td>\n%<\/td>\n\u00a0<\/td>\n3.87<\/td>\n%<\/td>\n\u00a0<\/td>\n0.82<\/td>\n%<\/td>\n<\/tr>\n
Return on avg tangible s\/h\u2019s equity (non-GAAP)<\/td>\n\u00a0<\/td>\n19.93<\/td>\n%<\/td>\n\u00a0<\/td>\n11.26<\/td>\n%<\/td>\n\u00a0<\/td>\n10.87<\/td>\n%<\/td>\n\u00a0<\/td>\n7.72<\/td>\n%<\/td>\n\u00a0<\/td>\n1.20<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on avg s\/h\u2019s equity (GAAP)<\/td>\n\u00a0<\/td>\n10.81<\/td>\n%<\/td>\n\u00a0<\/td>\n5.88<\/td>\n%<\/td>\n\u00a0<\/td>\n5.63<\/td>\n%<\/td>\n\u00a0<\/td>\n3.85<\/td>\n%<\/td>\n\u00a0<\/td>\n0.38<\/td>\n%<\/td>\n<\/tr>\n
Effect of exclusions from net income<\/td>\n\u00a0<\/td>\n(1.80<\/td>\n)%<\/td>\n\u00a0<\/td>\n1.23<\/td>\n%<\/td>\n\u00a0<\/td>\n(0.03<\/td>\n)%<\/td>\n\u00a0<\/td>\n1.77<\/td>\n%<\/td>\n\u00a0<\/td>\n1.72<\/td>\n%<\/td>\n<\/tr>\n
Return on avg s\/h\u2019s equity with excl. (non-GAAP)<\/td>\n\u00a0<\/td>\n9.01<\/td>\n%<\/td>\n\u00a0<\/td>\n7.11<\/td>\n%<\/td>\n\u00a0<\/td>\n5.60<\/td>\n%<\/td>\n\u00a0<\/td>\n5.62<\/td>\n%<\/td>\n\u00a0<\/td>\n2.10<\/td>\n%<\/td>\n<\/tr>\n
Effect of adjustment for intangible assets<\/td>\n\u00a0<\/td>\n7.67<\/td>\n%<\/td>\n\u00a0<\/td>\n6.41<\/td>\n%<\/td>\n\u00a0<\/td>\n5.21<\/td>\n%<\/td>\n\u00a0<\/td>\n5.39<\/td>\n%<\/td>\n\u00a0<\/td>\n2.31<\/td>\n%<\/td>\n<\/tr>\n
Return on avg tangible s\/h\u2019s equity with exclusions (non-GAAP)<\/td>\n\u00a0<\/td>\n16.68<\/td>\n%<\/td>\n\u00a0<\/td>\n13.52<\/td>\n%<\/td>\n\u00a0<\/td>\n10.81<\/td>\n%<\/td>\n\u00a0<\/td>\n11.01<\/td>\n%<\/td>\n\u00a0<\/td>\n4.41<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (2) Return on Average Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on avg assets (GAAP)<\/td>\n\u00a0<\/td>\n1.54<\/td>\n%<\/td>\n\u00a0<\/td>\n0.84<\/td>\n%<\/td>\n\u00a0<\/td>\n0.80<\/td>\n%<\/td>\n\u00a0<\/td>\n0.55<\/td>\n%<\/td>\n\u00a0<\/td>\n0.06<\/td>\n%<\/td>\n<\/tr>\n
Effect of adjustment for intangible assets<\/td>\n\u00a0<\/td>\n0.15<\/td>\n%<\/td>\n\u00a0<\/td>\n0.10<\/td>\n%<\/td>\n\u00a0<\/td>\n0.09<\/td>\n%<\/td>\n\u00a0<\/td>\n0.08<\/td>\n%<\/td>\n\u00a0<\/td>\n0.05<\/td>\n%<\/td>\n<\/tr>\n
Return on avg tangible assets (non-GAAP)<\/td>\n\u00a0<\/td>\n1.69<\/td>\n%<\/td>\n\u00a0<\/td>\n0.94<\/td>\n%<\/td>\n\u00a0<\/td>\n0.89<\/td>\n%<\/td>\n\u00a0<\/td>\n0.63<\/td>\n%<\/td>\n\u00a0<\/td>\n0.11<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on avg assets (GAAP)<\/td>\n\u00a0<\/td>\n1.54<\/td>\n%<\/td>\n\u00a0<\/td>\n0.84<\/td>\n%<\/td>\n\u00a0<\/td>\n0.80<\/td>\n%<\/td>\n\u00a0<\/td>\n0.55<\/td>\n%<\/td>\n\u00a0<\/td>\n0.06<\/td>\n%<\/td>\n<\/tr>\n
Effect of exclusions from net income<\/td>\n\u00a0<\/td>\n(0.25<\/td>\n)%<\/td>\n\u00a0<\/td>\n0.18<\/td>\n%<\/td>\n\u00a0<\/td>\n(0.01<\/td>\n)%<\/td>\n\u00a0<\/td>\n0.25<\/td>\n%<\/td>\n\u00a0<\/td>\n0.27<\/td>\n%<\/td>\n<\/tr>\n
Return on avg assets with exclusions (non-GAAP)<\/td>\n\u00a0<\/td>\n1.29<\/td>\n%<\/td>\n\u00a0<\/td>\n1.02<\/td>\n%<\/td>\n\u00a0<\/td>\n0.79<\/td>\n%<\/td>\n\u00a0<\/td>\n0.80<\/td>\n%<\/td>\n\u00a0<\/td>\n0.33<\/td>\n%<\/td>\n<\/tr>\n
Effect of adjustment for intangible assets<\/td>\n\u00a0<\/td>\n0.12<\/td>\n%<\/td>\n\u00a0<\/td>\n0.11<\/td>\n%<\/td>\n\u00a0<\/td>\n0.10<\/td>\n%<\/td>\n\u00a0<\/td>\n0.10<\/td>\n%<\/td>\n\u00a0<\/td>\n0.07<\/td>\n%<\/td>\n<\/tr>\n
Return on avg tangible assets with exclusions (non-GAAP)<\/td>\n\u00a0<\/td>\n1.41<\/td>\n%<\/td>\n\u00a0<\/td>\n1.13<\/td>\n%<\/td>\n\u00a0<\/td>\n0.89<\/td>\n%<\/td>\n\u00a0<\/td>\n0.90<\/td>\n%<\/td>\n\u00a0<\/td>\n0.40<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (3) Shareholder Equity Ratio <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Shareholders\u2019 equity to actual assets (GAAP)<\/td>\n\u00a0<\/td>\n13.91<\/td>\n%<\/td>\n\u00a0<\/td>\n14.29<\/td>\n%<\/td>\n\u00a0<\/td>\n14.21<\/td>\n%<\/td>\n\u00a0<\/td>\n13.98<\/td>\n%<\/td>\n\u00a0<\/td>\n14.91<\/td>\n%<\/td>\n<\/tr>\n
Effect of adjustment for intangible assets<\/td>\n\u00a0<\/td>\n5.68<\/td>\n%<\/td>\n\u00a0<\/td>\n5.96<\/td>\n%<\/td>\n\u00a0<\/td>\n6.02<\/td>\n%<\/td>\n\u00a0<\/td>\n6.01<\/td>\n%<\/td>\n\u00a0<\/td>\n6.43<\/td>\n%<\/td>\n<\/tr>\n
Tangible capital ratio (non-GAAP)<\/td>\n\u00a0<\/td>\n8.23<\/td>\n%<\/td>\n\u00a0<\/td>\n8.33<\/td>\n%<\/td>\n\u00a0<\/td>\n8.19<\/td>\n%<\/td>\n\u00a0<\/td>\n7.97<\/td>\n%<\/td>\n\u00a0<\/td>\n8.48<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n RENASANT CORPORATION<\/strong>
\n <\/u>
\n \n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Dollars in thousands, except per share data)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Fourth<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Third<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Second<\/strong>\n <\/td>\n\u00a0<\/td>\n\n First<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter<\/strong>\n <\/td>\n<\/tr>\n
Interest income (FTE)<\/td>\n$<\/td>\n123,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n123,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n123,677<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n125,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n131,887<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense<\/td>\n12,114<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,799<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,792<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,173<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,571<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net Interest income (FTE)<\/td>\n$<\/td>\n111,264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n110,024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n107,885<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n107,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n108,316<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total noninterest income<\/td>\n$<\/td>\n81,037<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n62,864<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n70,928<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n64,170<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n37,570<\/td>\n\u00a0<\/td>\n<\/tr>\n
Securities gains (losses)<\/td>\n1,357<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
MSR valuation adjustment<\/td>\n13,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,968<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n828<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,951<\/td>\n)<\/td>\n\u00a0<\/td>\n(9,571<\/td>\n)<\/td>\n<\/tr>\n
Total adjusted noninterest income<\/td>\n$<\/td>\n66,119<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n60,881<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n70,100<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n69,090<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n47,141<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total noninterest expense<\/td>\n$<\/td>\n115,935<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n122,152<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n116,510<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n118,285<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n115,041<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of intangibles<\/td>\n1,598<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,659<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,733<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,834<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,895<\/td>\n\u00a0<\/td>\n<\/tr>\n
Debt prepayment penalty<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restructuring charges<\/td>\n292<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,365<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Swap termination charges<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
COVID-19 related expenses<\/td>\n785<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n613<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n570<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,257<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,903<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for unfunded commitments<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,400<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total adjusted noninterest expense<\/td>\n$<\/td>\n113,260<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n109,972<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n111,479<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n107,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n106,843<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Efficiency Ratio (GAAP)<\/strong>\n <\/td>\n60.29<\/td>\n%<\/td>\n\u00a0<\/td>\n70.65<\/td>\n%<\/td>\n\u00a0<\/td>\n65.16<\/td>\n%<\/td>\n\u00a0<\/td>\n68.92<\/td>\n%<\/td>\n\u00a0<\/td>\n78.86<\/td>\n%<\/td>\n<\/tr>\n
\n (4) Adjusted Efficiency Ratio (non-GAAP)<\/strong>\n <\/td>\n63.85<\/td>\n%<\/td>\n\u00a0<\/td>\n64.35<\/td>\n%<\/td>\n\u00a0<\/td>\n62.63<\/td>\n%<\/td>\n\u00a0<\/td>\n60.89<\/td>\n%<\/td>\n\u00a0<\/td>\n68.73<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

TUPELO, Miss., April 27, 2021 (GLOBE NEWSWIRE) — Renasant Corporation (NASDAQ: RNST) (the \u201cCompany\u201d) today announced earnings results for the first quarter of 2021. Net income for the first quarter of 2021 was $57.9 million, as compared to $2.0 million for the first quarter of 2020. Basic and diluted earnings per share (\u201cEPS\u201d) were $1.03 and $1.02, respectively, for the first quarter of 2021, as compared to basic and diluted EPS of $0.04 for the first quarter of 2020. \u201cOur first quarter results are a good start to the year and speak to the talent of the Renasant team,\u201d commented C. Mitchell Waycaster, Renasant President and Chief Executive Officer. \u201cWe saw a significant increase in our deposits, particularly noninterest-bearing deposits, … <\/p>\n

Continue reading “Renasant Corporation Announces Earnings for the First Quarter of 2021”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-482888","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRenasant Corporation Announces Earnings for the First Quarter of 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/renasant-corporation-announces-earnings-for-the-first-quarter-of-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renasant Corporation Announces Earnings for the First Quarter of 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TUPELO, Miss., April 27, 2021 (GLOBE NEWSWIRE) — Renasant Corporation (NASDAQ: RNST) (the \u201cCompany\u201d) today announced earnings results for the first quarter of 2021. 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