RNST

EX-99.1

2 exhibit991_rnstx3q2026earn.htm

EX-99.1

Document

Contacts:For Media:For Financials:

John S. OxfordJames C. Mabry IV

Senior Vice PresidentExecutive Vice President

Chief Marketing OfficerChief Financial Officer

(662) 680-1219(662) 680-1281

RENASANT CORPORATION ANNOUNCES

EARNINGS FOR THE THIRD QUARTER OF 2026

TUPELO, MISSISSIPPI (October 27, 2026) - Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the third quarter of 2026.

(Dollars in thousands, except earnings per share)Three Months EndedNine Months Ended

Sep 30, 2026Jun 30, 2026Sep 30, 2025Sep 30, 2026Sep 30, 2025

Net income and Earnings per share:

Net income$78,949$87,091$59,788$254,268$102,324

Merger and conversion related expenses (net of tax)— — (13,129)— (29,561)

Day 1 acquisition provision (net of tax)— — — — (50,026)

Basic EPS0.870.950.632.761.21

Diluted EPS0.860.940.632.741.20

Adjusted diluted EPS (non-GAAP)(1) 0.860.940.772.742.13

Impact to diluted EPS from merger and conversion related expenses (net of tax)— — (0.14)— (0.35)

Impact to diluted EPS from Day 1 acquisition provision (net of tax)— — — — (0.59)

“Third quarter results reflect strong loan growth with a record level of loan production, continued momentum in core deposit growth and a stable core net interest margin. We maintained expense discipline alongside increased hiring efforts, were active in buybacks, and reduced our levels of criticized and nonperforming loans. We believe our team is well-positioned to build upon our year-to-date success as we grow customer relationships and hire talent throughout our footprint,” remarked Kevin D. Chapman, President and Chief Executive Officer of the Company.

Quarterly Highlights

Earnings

•Net income for the third quarter of 2026 was $78.9 million; both diluted EPS and adjusted diluted EPS (non-GAAP)(1) were $0.86

•Net interest income, on a fully tax equivalent basis, for the third quarter of 2026 was $228.6 million, up $0.9 million linked quarter

1

•Net interest margin, on a fully tax equivalent basis, for the third quarter of 2026 was 3.77%, down 6 basis points linked quarter. Adjusted net interest margin (non-GAAP)(1) was 3.58%, down 3 basis points linked quarter

•Cost of total deposits was 1.97% for the third quarter of 2026, up 1 basis point linked quarter

•Noninterest income decreased $1.9 million linked quarter, primarily due to rising mortgage interest rates that resulted in both decreased production of new loans and market value adjustments on pending loan sales

•Mortgage banking income decreased $1.9 million linked quarter. The mortgage division generated $520.6 million in interest rate lock volume in the third quarter of 2026, down $91.0 million linked quarter. Gain on sale margin was 1.75% for the third quarter of 2026, up 18 basis points linked quarter

•Noninterest expense decreased $1.2 million linked quarter, driven primarily by a decline in deferred compensation expense tied to market valuations and an increase in deferred loan costs driven by loan growth, partially offset by higher health insurance claims

Balance Sheet

•Loans increased $555.9 million linked quarter, representing an 11.5% annualized net loan increase, driven by strong production during the quarter and lower payoff activity on a linked quarter basis

•Securities decreased $33.1 million linked quarter. The Company purchased $196.9 million in securities during the third quarter, which was offset by a negative fair market value adjustment in the Company’s available-for-sale portfolio of $86.0 million and cash flows related to principal payments, calls and maturities of $153.5 million

•Deposits at September 30, 2026 decreased $73.2 million linked quarter. Outflows in public fund deposits of $214.7 million were partially offset by growth in consumer and commercial deposits. Noninterest bearing deposits represented 23.1% of total deposits at September 30, 2026 as compared to 23.2% at June 30, 2026

•Short-term borrowings increased $491.3 million linked quarter

•The Company redeemed $40.0 million in subordinated notes on September 1, 2026

Capital and Stock Repurchase Program

•Book value per share and tangible book value per share (non-GAAP)(1) increased 0.1% and decreased 0.2%, respectively, linked quarter

•During the third quarter of 2026, the Company repurchased $42.6 million of common stock at a weighted average price of $41.05 per share

•Effective October 27, 2026, the Company’s Board of Directors approved a $175.0 million stock repurchase program under which the Company is authorized to repurchase outstanding shares of its common stock either in open market purchases or privately negotiated transactions. This program, which will remain in effect until the earlier of October 2027 or the repurchase of the entire amount authorized under the plan, replaces the Company’s stock repurchase program that expired in October 2026

Credit Quality

•The Company recorded a provision for credit los

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