# EDGAR Filing Document

**Accession Number:** 0000715072
**File Stem:** 0000715072-26-000004
**Filing Date:** 2026-1
**Character Count:** 90163
**Document Hash:** ad36f5e7887204fc52575253c55159b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000715072-26-000004.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000715072-26-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 40

**CONFORMED PERIOD OF REPORT**: 20260127

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RENASANT CORP
- **CENTRAL INDEX KEY:** 0000715072
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 640676974
- **STATE OF INCORPORATION:** MS
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13253
- **FILM NUMBER:** 26566203

**BUSINESS ADDRESS:**
- **STREET 1:** 209 TROY STREET
- **CITY:** TUPELO
- **STATE:** MS
- **ZIP:** 38804-4827
- **BUSINESS PHONE:** (662) 680-1001

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 709
- **CITY:** TUPELO
- **STATE:** MS
- **ZIP:** 38802-0709

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PEOPLES HOLDING CO
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? rnst-20260127

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM 8-K**

**CURRENT REPORT**

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

January 27, 2026

Date of report (Date of earliest event reported)

**RENASANT CORPORATION**

(Exact name of registrant as specified in its charter)

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

209 Troy Street, Tupelo, Mississippi 38804-4827

(Address of principal executive offices)(Zip Code)

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

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

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock, $5.00 par value per share | RNST | The New York Stock Exchange |

---

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

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02. Results of Operations and Financial Condition.** 

On January 27, 2026, Renasant Corporation (the "Company") issued a press release announcing earnings for the fourth quarter of 2025. The press release is furnished as Exhibit 99.1 to this Form 8-K.

**Item 7.01. Regulation FD Disclosure**

On January 27, 2026, the Company also made available presentation materials (the "Presentation") prepared for use with its earnings conference call on January 28, 2026. The Presentation is attached hereto and incorporated herein as Exhibit 99.2.

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

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:** 

This press release may contain, or incorporate by reference, statements about Renasant Corporation that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "projects," "anticipates," "intends," "estimates," "plans," "potential," "focus," "possible," "may increase," "may fluctuate," "will likely result," and similar expressions, or future or conditional verbs such as "will," "should," "would" and "could," are generally forward-looking in nature and not historical facts. Forward-looking statements include information about the Company's future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. The Company's management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond the Company's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements, and such differences may be material. Prospective investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made.

Important factors currently known to management that could cause the Company's actual results to differ materially from those in forward-looking statements include the following: (i) the Company's ability to efficiently integrate acquisitions (including its merger with The First Bancshares, Inc. ("The First")) 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 (including the possibility that such cost savings will not be realized when expected, or at all, as a result of the impact of, or challenges arising from, the integration of the acquired assets and assumed liabilities into the Company, potential adverse reactions or changes to business or employee relationships, or as a result of other unexpected factors or events); (ii) potential exposure to unknown or contingent risks and liabilities the Company has acquired, or may acquire, or target for acquisition, including in connection with its merger with The First; (iii) the effect of economic conditions and interest rates on a national, regional or international basis; (iv) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (v) competitive pressures in the consumer finance, commercial finance, financial services, asset management, retail banking, factoring and mortgage lending and auto lending industries; (vi) the financial resources of, and products available from, competitors; (vii) changes in laws and regulations as well as changes in accounting standards; (viii) changes in governmental and regulatory policy, whether applicable specifically to financial institutions or impacting the United States generally (such as, for example, changes in trade policy); (ix) increased scrutiny by, and/or additional regulatory requirements of,

------

regulatory agencies as a result of the Company's merger with The First; (x) changes in the securities and foreign exchange markets; (xi) the Company's potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xii) changes in the quality or composition of the Company's loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of the Company's investment securities portfolio; (xiii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiv) changes in the sources and costs of the capital the Company uses to make loans and otherwise fund the Company's operations, due to deposit outflows, changes in the mix of deposits and the cost and availability of borrowings; (xv) general economic, market or business conditions, including the impact of inflation; (xvi) changes in demand for loan and deposit products and other financial services; (xvii) concentrations of credit or deposit exposure; (xviii) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xix) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses; (xx) civil unrest, natural disasters, epidemics and other catastrophic events in the Company's geographic area; (xxi) geopolitical conditions, including acts or threats of terrorism and actions taken by the United States or other governments in response to acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; (xxii) the impact, extent and timing of technological changes; and (xxiii) other circumstances, many of which are beyond management's control.

Management believes that the assumptions underlying Company's forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate. Investors are urged to carefully consider the risks described in the Company's filings with the Securities and Exchange Commission (the "SEC") from time to time, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.renasant.com and the SEC's website at www.sec.gov.

The Company undertakes no obligation, and specifically disclaims any obligation, to update or revise forward-looking statements, whether as a result of new information or to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by federal securities laws.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are furnished herewith:

&nbsp;&nbsp;&nbsp;&nbsp;<u>Exhibit No.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Description</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1&nbsp;&nbsp;&nbsp;&nbsp;<u>[Press release issued by Renasant Corporation announcing earnings for the fourth quarter of 2025](exhibit991_rnstx4q2025earn.htm)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.2&nbsp;&nbsp;&nbsp;&nbsp;<u>[Presentation materials for Renasant Corporation Fourth Quarter 2025 Earnings Call](rnstq42025earningsdeckfi.htm)</u>

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

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **RENASANT CORPORATION** | **RENASANT CORPORATION** |
| Date: January 27, 2026 | By: | /s/ Kevin D. Chapman |
|  |  | Kevin D. Chapman |
|  |  | Chief Executive Officer |

---

## Exhibit 99.1

![renasantcorporationlogo-fua.jpg](renasantcorporationlogo-fua.jpg)

---

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

---

**RENASANT CORPORATION ANNOUNCES**

**EARNINGS FOR THE FOURTH QUARTER OF 2025**

**TUPELO, MISSISSIPPI (January 27, 2026)** - Renasant Corporation (NYSE: RNST) (the "Company") today announced earnings results for the fourth quarter of 2025.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Dollars in thousands, except earnings per share) | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec 31, 2025** | **Sep 30, 2025** | **Dec 31, 2024** | **Dec 31, 2025** | **Dec 31, 2024** |
| **Net income and earnings per share:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income | $78948 | $59788 | $44747 | $181272 | $195457 |
| &nbsp;&nbsp;&nbsp;After-tax gain on sale on insurance agency |  |  |  |  | 38951 |
| &nbsp;&nbsp;&nbsp;Merger and conversion related expenses (net of tax) | (7931) | (13129) | (1900) | (37620) | (12216) |
| &nbsp;&nbsp;&nbsp;Day 1 acquisition provision (net of tax) |  |  |  | (50026) |  |
| &nbsp;&nbsp;&nbsp;Basic EPS | 0.84 | 0.63 | 0.70 | 2.09 | 3.29 |
| &nbsp;&nbsp;&nbsp;Diluted EPS | 0.83 | 0.63 | 0.70 | 2.07 | 3.27 |
| &nbsp;&nbsp;Adjusted diluted EPS (Non-GAAP)<sup>(1)</sup> | 0.91 | 0.77 | 0.73 | 3.06 | 2.76 |
| &nbsp;&nbsp;&nbsp;Impact to diluted EPS from after-tax gain on sale of insurance agency |  |  |  |  | 0.65 |
| &nbsp;&nbsp;&nbsp;Impact to diluted EPS from merger and conversion related expenses (net of tax) | (0.08) | (0.14) | (0.03) | (0.43) | (0.20) |
| &nbsp;&nbsp;&nbsp;Impact to diluted EPS from Day 1 acquisition provision (net of tax) |  |  |  | (0.57) |  |

---

"Our results this quarter reflect continued improvement in profitability as we execute on our strategic priorities. We've made significant progress on the integration of The First, and our team remained steadfast and delivered strong growth on both sides of the balance sheet," remarked Kevin D. Chapman, President and Chief Executive Officer of the Company. "With strong fundamentals and clear momentum, we believe we are well-positioned for growth and success in 2026."

***Quarterly Highlights***

*Earnings* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income for the fourth quarter of 2025 was $78.9 million, which includes merger and conversion related expenses of $10.6 million; diluted EPS and adjusted diluted EPS (non-GAAP)<sup>(1)</sup> were $0.83 and $0.91, respectively

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest income (fully tax equivalent) for the fourth quarter of 2025 was $232.4 million, up $4.2 million linked quarter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For the fourth quarter of 2025, net interest margin was 3.89%, up 4 basis points linked quarter. Adjusted net interest margin (non-GAAP)<sup>(1)</sup> was flat at 3.62%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Cost of total deposits was 1.97% for the fourth quarter of 2025, down 17 basis points linked quarter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Noninterest income increased $5.1 million linked quarter, which includes $2.0 million in income associated with the exit of certain low-income housing tax credit partnerships during the fourth quarter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mortgage banking income decreased $0.1 million linked quarter. The mortgage division generated $489.5 million in interest rate lock volume in the fourth quarter of 2025, down $100.7 million linked quarter. Gain on sale margin was 1.99% for the fourth quarter of 2025, up 67 basis points linked quarter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Noninterest expense decreased $13.1 million linked quarter, which includes a decrease of $6.9 million in merger and conversion related expenses. The Company recognized net gains of $2.1 million in net occupancy and equipment expense during the fourth quarter in connection with branch consolidations associated with its merger with The First Bancshares, Inc. ("The First")

*Balance Sheet*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loans increased $21.5 million linked quarter, representing 0.4% annualized net loan growth. During the fourth quarter, the Company sold approximately $117.3 million of loans acquired in connection with the merger with The First which were not considered to be core to Renasant's business

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Securities increased $26.4 million linked quarter. The Company purchased $142.1 million in securities during the fourth quarter and had a positive fair market value adjustment in the Company's available-for-sale portfolio of $12.1 million, which were offset by cash flows related to principal payments, calls and maturities of $130.9 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits at December 31, 2025 increased $48.5 million linked quarter. Noninterest bearing deposits decreased $194.5 million linked quarter and represented 23.5% of total deposits at December 31, 2025

*Capital and Stock Repurchase Program*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Book value per share and tangible book value per share (non-GAAP)<sup>(1)</sup> increased 2.0% and 3.7%, respectively, linked quarter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company has a $150.0 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. The program is in effect until the earlier of October 2026 or the repurchase of the entire amount authorized under the plan. During the fourth quarter of 2025, the Company repurchased $13.2 million of common stock at a weighted average price of $34.29

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company redeemed $60.0 million in subordinated notes acquired from The First on October 1, 2025

*Credit Quality*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company recorded a provision for credit losses on loans and unfunded commitments of $5.5 million and $5.4 million, respectively for the fourth quarter of 2025, representing a decrease of $4.2 million and an increase of $4.7 million, respectively, from the third quarter of 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The ratio of the allowance for credit losses on loans to total loans was 1.54% at December 31, 2025, down 2 basis points linked quarter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The coverage ratio, or the allowance for credit losses on loans to nonperforming loans, was 167.00% at December 31, 2025, compared to 173.47% at September 30, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net loan charge-offs for the fourth quarter of 2025 were $9.1 million, which includes $2.5 million recognized in connection with the aforementioned sale of the acquired $117.3 million loan portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nonperforming loans to total loans increased to 0.92% at December 31, 2025 compared to 0.90% at September 30, 2025, and criticized loans (which include classified and Special Mention loans) to total loans decreased to 2.94% at December 31, 2025, compared to 3.22% at September 30, 2025

<sup>(1)</sup> This is a non-GAAP financial measure. A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release. The information below under the heading "Non-GAAP Financial Measures" explains why the Company believes the non-GAAP financial measures in this release provide useful information and describes the other purposes for which the Company uses non-GAAP financial measures.

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***Income Statement***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in thousands, except per share data) | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ending** | **Twelve Months Ending** |
|  | **Dec 31, 2025** | **Sep 30, 2025** | **Jun 30, 2025** | **Mar 31, 2025** | **Dec 31, 2024** | **Dec 31, 2025** | **Dec 31, 2024** |
| **Interest income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loans held for investment | $305604 | $308110 | $301794 | $196566 | $199240 | $1112074 | $792682 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 3617 | 4675 | 4639 | 3008 | 3564 | 15939 | 13614 |
| &nbsp;&nbsp;&nbsp;Securities | 30232 | 30217 | 28408 | 12117 | 10510 | 100974 | 41924 |
| &nbsp;&nbsp;&nbsp;Other | 7480 | 8096 | 9057 | 8639 | 12030 | 33272 | 39557 |
| **Total interest income** | 346933 | 351098 | 343898 | 220330 | 225344 | 1262259 | 887777 |
| **Interest expense** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 105673 | 115573 | 111921 | 79386 | 85571 | 412553 | 346592 |
| &nbsp;&nbsp;&nbsp;Borrowings | 13867 | 12005 | 13118 | 6747 | 6891 | 45737 | 28989 |
| **Total interest expense** | 119540 | 127578 | 125039 | 86133 | 92462 | 458290 | 375581 |
| **Net interest income** | 227393 | 223520 | 218859 | 134197 | 132882 | 803969 | 512196 |
| **Provision for credit losses** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Provision for loan losses | 5473 | 9650 | 75400 | 2050 | 3100 | 92573 | 11248 |
| &nbsp;&nbsp;&nbsp;Provision for (recovery of) unfunded commitments | 5462 | 800 | 5922 | 2700 | (500) | 14884 | (1975) |
| **Total provision for credit losses** | 10935 | 10450 | 81322 | 4750 | 2600 | 107457 | 9273 |
| **Net interest income after provision for credit losses** | 216458 | 213070 | 137537 | 129447 | 130282 | 696512 | 502923 |
| **Noninterest income** | 51125 | 46026 | 48334 | 36395 | 34218 | 181880 | 203660 |
| **Noninterest expense** | 170750 | 183830 | 183204 | 113876 | 114747 | 651660 | 461618 |
| **Income before income taxes** | 96833 | 75266 | 2667 | 51966 | 49753 | 226732 | 244965 |
| **Income taxes** | 17885 | 15478 | 1649 | 10448 | 5006 | 45460 | 49508 |
| **Net income** | $78948 | $59788 | $1018 | $41518 | $44747 | $181272 | $195457 |
| Adjusted net income (non-GAAP)<sup>(1)</sup> | $86879 | $72917 | $65877 | $42111 | $46458 | $267816 | $165066 |
| Adjusted pre-provision net revenue ("PPNR") (non-GAAP)<sup>(1)</sup> | $118335 | $103210 | $103001 | $57507 | $54177 | $382053 | $210458 |
| Basic earnings per share | $0.84 | $0.63 | $0.01 | $0.65 | $0.70 | $2.09 | $3.29 |
| Diluted earnings per share | 0.83 | 0.63 | 0.01 | 0.65 | 0.70 | 2.07 | 3.27 |
| Adjusted diluted earnings per share (non-GAAP)<sup>(1)</sup> | 0.91 | 0.77 | 0.69 | 0.66 | 0.73 | 3.06 | 2.76 |
| Average basic shares outstanding | 94469544 | 94623551 | 94580927 | 63666419 | 63565437 | 86940841 | 59350157 |
| Average diluted shares outstanding | 95172380 | 95284603 | 95136160 | 64028025 | 64056303 | 87514783 | 59748790 |
| Cash dividends per common share | $0.23 | $0.22 | $0.22 | $0.22 | $0.22 | $0.89 | $0.88 |

---

<sup>(1)</sup> This is a non-GAAP financial measure. A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release. The information below under the heading "Non-GAAP Financial Measures" explains why the Company believes the non-GAAP financial measures in this release provide useful information and describes the other purposes for which the Company uses non-GAAP financial measures.

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***Performance Ratios***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ending** | **Twelve Months Ending** |
| | **Dec 31, 2025** | **Sep 30, 2025** | **Jun 30, 2025** | **Mar 31, 2025** | **Dec 31, 2024** | **Dec 31, 2025** | **Dec 31, 2024** |
| Return on average assets | 1.17% | 0.90% | 0.02% | 0.94% | 0.99% | 0.74% | 1.11% |
| Adjusted return on average assets (non-GAAP)<sup>(1)</sup> | 1.29 | 1.09 | 1.01 | 0.95 | 1.03 | 1.10 | 0.94 |
| Return on average tangible assets (non-GAAP)<sup>(1)</sup> | 1.35 | 1.06 | 0.13 | 1.01 | 1.07 | 0.88 | 1.20 |
| Adjusted return on average tangible assets (non-GAAP)<sup>(1)</sup> | 1.47 | 1.27 | 1.18 | 1.02 | 1.11 | 1.26 | 1.02 |
| Return on average equity | 8.14 | 6.25 | 0.11 | 6.25 | 6.70 | 5.14 | 7.92 |
| Adjusted return on average equity (non-GAAP)<sup>(1)</sup> | 8.95 | 7.62 | 7.06 | 6.34 | 6.96 | 7.60 | 6.69 |
| Return on average tangible equity (non-GAAP)<sup>(1)</sup> | 14.80 | 11.87 | 1.43 | 10.16 | 10.97 | 9.65 | 13.63 |
| Adjusted return on average tangible equity (non-GAAP)<sup>(1)</sup> | 16.18 | 14.22 | 13.50 | 10.30 | 11.38 | 13.79 | 11.55 |
| Efficiency ratio (fully taxable equivalent) | 60.23 | 67.05 | 67.59 | 65.51 | 67.61 | 65.00 | 63.57 |
| Adjusted efficiency ratio (non-GAAP)<sup>(1)</sup> | 53.52 | 57.51 | 57.07 | 64.43 | 65.82 | 57.46 | 66.30 |
| Dividend payout ratio | 27.38 | 34.92 | 2200.00 | 33.85 | 31.43 | 42.58 | 26.75 |

---

***Capital and Balance Sheet Ratios***

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **As of** | **As of** | **As of** | **As of** | **As of** |
| | **Dec 31, 2025** | **Sep 30, 2025** | **Jun 30, 2025** | **Mar 31, 2025** | **Dec 31, 2024** |
| &nbsp;&nbsp;&nbsp;Shares outstanding | 94636207 | 95020881 | 95019311 | 63739467 | 63565690 |
| &nbsp;&nbsp;&nbsp;Market value per share | $35.22 | $36.89 | $35.93 | $33.93 | $35.75 |
| &nbsp;&nbsp;&nbsp;Book value per share | 41.05 | 40.26 | 39.77 | 42.79 | 42.13 |
| &nbsp;&nbsp;Tangible book value per share (non-GAAP)<sup>(1)</sup> | 24.65 | 23.77 | 23.10 | 27.07 | 26.36 |
| &nbsp;&nbsp;&nbsp;Shareholders' equity to assets | 14.52% | 14.31% | 14.19% | 14.93% | 14.85% |
| &nbsp;&nbsp;Tangible common equity ratio (non-GAAP)<sup>(1)</sup> | 9.26 | 8.98 | 8.77 | 9.99 | 9.84 |
| &nbsp;&nbsp;Leverage ratio<sup>(2)</sup> | 9.61 | 9.46 | 9.36 | 11.39 | 11.34 |
| &nbsp;&nbsp;Common equity tier 1 capital ratio<sup>(2)</sup> | 11.24 | 11.04 | 11.08 | 12.59 | 12.73 |
| &nbsp;&nbsp;Tier 1 risk-based capital ratio<sup>(2)</sup> | 11.24 | 11.04 | 11.08 | 13.35 | 13.50 |
| &nbsp;&nbsp;Total risk-based capital ratio<sup>(2)</sup> | 14.78 | 14.88 | 14.97 | 16.89 | 17.08 |

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<sup>(1)</sup> This is a non-GAAP financial measure. A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release. The information below under the heading "Non-GAAP Financial Measures" explains why the Company believes the non-GAAP financial measures in this release provide useful information and describes the other purposes for which the Company uses non-GAAP financial measures.

<sup>(2)</sup> Preliminary

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***Noninterest Income and Noninterest Expense***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in thousands) | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ending** | **Twelve Months Ending** |
|  | **Dec 31, 2025** | **Sep 30, 2025** | **Jun 30, 2025** | **Mar 31, 2025** | **Dec 31, 2024** | **Dec 31, 2025** | **Dec 31, 2024** |
| **Noninterest income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | $14535 | $13416 | $13618 | $10364 | $10549 | $51933 | $41779 |
| &nbsp;&nbsp;&nbsp;Fees and commissions | 5192 | 4167 | 6650 | 3787 | 4181 | 19796 | 16190 |
| &nbsp;&nbsp;&nbsp;Insurance commissions |  |  |  |  |  |  | 5474 |
| &nbsp;&nbsp;&nbsp;Wealth management revenue | 8572 | 8217 | 7345 | 7067 | 6371 | 31201 | 23559 |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 8924 | 9017 | 11263 | 8147 | 6861 | 37351 | 36376 |
| &nbsp;&nbsp;&nbsp;Gain on sale of insurance agency |  |  |  |  |  |  | 53349 |
| &nbsp;&nbsp;&nbsp;Gain on extinguishment of debt |  |  |  |  |  |  | 56 |
| &nbsp;&nbsp;&nbsp;BOLI income | 3697 | 4235 | 3383 | 2929 | 3317 | 14244 | 11567 |
| &nbsp;&nbsp;&nbsp;Other | 10205 | 6974 | 6075 | 4101 | 2939 | 27355 | 15310 |
| **Total noninterest income** | $51125 | $46026 | $48334 | $36395 | $34218 | $181880 | $203660 |
| **Noninterest expense** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and employee benefits | $98082 | $98982 | $99542 | $71957 | $70260 | $368563 | $283768 |
| &nbsp;&nbsp;&nbsp;Data processing | 5636 | 5541 | 5438 | 4089 | 4145 | 20704 | 16030 |
| &nbsp;&nbsp;&nbsp;Net occupancy and equipment | 16123 | 18415 | 17359 | 11754 | 11312 | 63651 | 45960 |
| &nbsp;&nbsp;&nbsp;Other real estate owned | 481 | 328 | 157 | 685 | 590 | 1651 | 858 |
| &nbsp;&nbsp;&nbsp;Professional fees | 4327 | 3435 | 4223 | 2884 | 2686 | 14869 | 12418 |
| &nbsp;&nbsp;&nbsp;Advertising and public relations | 4314 | 5254 | 4490 | 4297 | 3840 | 18355 | 16210 |
| &nbsp;&nbsp;&nbsp;Intangible amortization | 8465 | 8674 | 8884 | 1080 | 1133 | 27103 | 4691 |
| &nbsp;&nbsp;&nbsp;Communications | 4493 | 3955 | 3184 | 2033 | 2067 | 13665 | 8379 |
| &nbsp;&nbsp;&nbsp;Merger and conversion related expenses | 10567 | 17494 | 20479 | 791 | 2076 | 49331 | 13349 |
| &nbsp;&nbsp;&nbsp;Other | 18262 | 21752 | 19448 | 14306 | 16638 | 73768 | 59955 |
| **Total noninterest expense** | $170750 | $183830 | $183204 | $113876 | $114747 | $651660 | $461618 |

---

***Mortgage Banking Income***

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in thousands) | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ending** | **Twelve Months Ending** |
|  | **Dec 31, 2025** | **Sep 30, 2025** | **Jun 30, 2025** | **Mar 31, 2025** | **Dec 31, 2024** | **Dec 31, 2025** | **Dec 31, 2024** |
| &nbsp;&nbsp;Gain on sales of loans, net<sup>(1)</sup> | $5243 | $5270 | $5316 | $4500 | $2379 | $20329 | $16612 |
| &nbsp;&nbsp;&nbsp;Fees, net | 2970 | 3050 | 3740 | 2317 | 2850 | 12077 | 10216 |
| &nbsp;&nbsp;&nbsp;Mortgage servicing income, net | 711 | 697 | 2207 | 1330 | 1632 | 4945 | 9548 |
| **Total mortgage banking income** | $8924 | $9017 | $11263 | $8147 | $6861 | $37351 | $36376 |

---

<sup>(1)</sup> Gain on sales of loans, net includes pipeline fair value adjustments

------

***Balance Sheet***

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Dollars in thousands) | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **Dec 31, 2025** | **Sep 30, 2025** | **Jun 30, 2025** | **Mar 31, 2025** | **Dec 31, 2024** |
| **Assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1070718 | $1083785 | $1378612 | $1091339 | $1092032 |
| &nbsp;&nbsp;&nbsp;Securities held to maturity, at amortized cost | 1030073 | 1051884 | 1076817 | 1101901 | 1126112 |
| &nbsp;&nbsp;&nbsp;Securities available for sale, at fair value | 2560818 | 2512650 | 2471487 | 1002056 | 831013 |
| &nbsp;&nbsp;&nbsp;Loans held for sale, at fair value | 265959 | 286779 | 356791 | 226003 | 246171 |
| &nbsp;&nbsp;&nbsp;Loans held for investment | 19047039 | 19025521 | 18563447 | 13055593 | 12885020 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans | (293955) | (297591) | (290770) | (203931) | (201756) |
| &nbsp;&nbsp;&nbsp;Loans, net | 18753084 | 18727930 | 18272677 | 12851662 | 12683264 |
| &nbsp;&nbsp;&nbsp;Premises and equipment, net | 465141 | 471213 | 465100 | 279011 | 279796 |
| &nbsp;&nbsp;&nbsp;Other real estate owned | 15191 | 10578 | 11750 | 8654 | 8673 |
| &nbsp;&nbsp;&nbsp;Goodwill | 1405840 | 1411711 | 1419782 | 988898 | 988898 |
| &nbsp;&nbsp;&nbsp;Other intangibles | 146612 | 155077 | 163751 | 13025 | 14105 |
| &nbsp;&nbsp;&nbsp;Bank-owned life insurance | 492541 | 488920 | 486613 | 337502 | 391810 |
| &nbsp;&nbsp;&nbsp;Mortgage servicing rights | 65271 | 65466 | 64539 | 72902 | 72991 |
| &nbsp;&nbsp;&nbsp;Other assets | 480178 | 460172 | 457056 | 298428 | 300003 |
| &nbsp;&nbsp;**Total assets** | $26751426 | $26726165 | $26624975 | $18271381 | $18034868 |
| **Liabilities and Shareholders' Equity** |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $5043960 | $5238431 | $5356153 | $3541375 | $3403981 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | 16429110 | 16186124 | 16226484 | 11230720 | 11168631 |
| &nbsp;&nbsp;&nbsp;Total deposits | 21473070 | 21424555 | 21582637 | 14772095 | 14572612 |
| &nbsp;&nbsp;&nbsp;Short-term borrowings | 555774 | 606063 | 405349 | 108015 | 108018 |
| &nbsp;&nbsp;&nbsp;Long-term debt | 499756 | 558878 | 556976 | 433309 | 430614 |
| &nbsp;&nbsp;&nbsp;Other liabilities | 337921 | 310891 | 301159 | 230857 | 245306 |
| &nbsp;&nbsp;**Total liabilities** | 22866521 | 22900387 | 22846121 | 15544276 | 15356550 |
| **Shareholders' equity:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common stock | 488612 | 488612 | 488612 | 332421 | 332421 |
| &nbsp;&nbsp;&nbsp;Treasury stock | (103494) | (90297) | (90248) | (91646) | (97196) |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 2392997 | 2389033 | 2393566 | 1486849 | 1491847 |
| &nbsp;&nbsp;&nbsp;Retained earnings | 1196522 | 1139600 | 1100965 | 1121102 | 1093854 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (89732) | (101170) | (114041) | (121621) | (142608) |
| **Total shareholders' equity** | 3884905 | 3825778 | 3778854 | 2727105 | 2678318 |
| **Total liabilities and shareholders' equity** | $26751426 | $26726165 | $26624975 | $18271381 | $18034868 |

---

------

***Net Interest Income and Net Interest Margin***

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in thousands) | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | **Average<br>Balance** | **Interest<br>Income/<br>Expense** | **Yield/ <br> Rate** | **Average<br>Balance** | **Interest<br>Income/<br>Expense** | **Yield/ <br> Rate** | **Average<br>Balance** | **Interest<br>Income/<br>Expense** | **Yield/ <br> Rate** |
| Interest-earning assets: |  |  |  |  |  |  |  |  |  |
| Loans held for investment | $19041103 | $309667 | 6.45% | $18750715 | $311903 | 6.60% | $12746941 | $201562 | 6.29% |
| Loans held for sale | 254086 | 3617 | 5.70% | 290756 | 4675 | 6.43% | 250812 | 3564 | 5.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 3237156 | 27122 | 3.35% | 3243693 | 27107 | 3.34% | 1784167 | 9408 | 2.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt securities | 433556 | 4015 | 3.70% | 428252 | 3928 | 3.67% | 261679 | 1400 | 2.14% |
| Total securities | 3670712 | 31137 | 3.39% | 3671945 | 31035 | 3.38% | 2045846 | 10808 | 2.11% |
| Interest-bearing balances with banks | 784455 | 7480 | 3.78% | 814103 | 8096 | 3.95% | 1025294 | 12030 | 4.67% |
| Total interest-earning assets | 23750356 | 351901 | 5.89% | 23527519 | 355709 | 6.01% | 16068893 | 227964 | 5.65% |
| Cash and due from banks | 287137 |  |  | 306847 |  |  | 188493 |  |  |
| Intangible assets | 1563189 |  |  | 1578846 |  |  | 1003551 |  |  |
| Other assets | 1092857 |  |  | 1043384 |  |  | 682211 |  |  |
| Total assets | $26693539 |  |  | $26456596 |  |  | $17943148 |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Interest-bearing demand<sup>(1)</sup> | $11428429 | $74782 | 2.60% | $11521433 | $82080 | 2.83% | $7629685 | $57605 | 3.00% |
| &nbsp;&nbsp;&nbsp;Savings deposits | 1275274 | 874 | 0.27% | 1299396 | 943 | 0.29% | 804132 | 706 | 0.35% |
| &nbsp;&nbsp;&nbsp;Brokered deposits |  |  | —% |  |  | —% | 60298 | 1013 | 6.68% |
| &nbsp;&nbsp;&nbsp;Time deposits | 3439216 | 30017 | 3.46% | 3398402 | 32550 | 3.80% | 2512097 | 26247 | 4.16% |
| Total interest-bearing deposits | 16142919 | 105673 | 2.60% | 16219231 | 115573 | 2.83% | 11006212 | 85571 | 3.09% |
| Borrowed funds | 1242124 | 13867 | 4.44% | 961980 | 12005 | 4.97% | 556966 | 6891 | 4.94% |
| Total interest-bearing liabilities | 17385043 | 119540 | 2.73% | 17181211 | 127578 | 2.95% | 11563178 | 92462 | 3.18% |
| Noninterest-bearing deposits | 5183691 |  |  | 5226588 |  |  | 3502931 |  |  |
| Other liabilities | 275014 |  |  | 253801 |  |  | 220154 |  |  |
| Shareholders' equity | 3849791 |  |  | 3794996 |  |  | 2656885 |  |  |
| Total liabilities and shareholders' equity | $26693539 |  |  | $26456596 |  |  | $17943148 |  |  |
| Net interest income/ net interest margin |  | $232361 | 3.89% |  | $228131 | 3.85% |  | $135502 | 3.36% |
| Cost of funding |  |  | 2.10% |  |  | 2.26% |  |  | 2.44% |
| Cost of total deposits |  |  | 1.97% |  |  | 2.14% |  |  | 2.35% |

---

<sup>(1)</sup> Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.

------

***Net Interest Income and Net Interest Margin, continued***

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in thousands) | **Twelve Months Ending** | **Twelve Months Ending** | **Twelve Months Ending** | **Twelve Months Ending** | **Twelve Months Ending** | **Twelve Months Ending** |
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | **Average<br>Balance** | **Interest<br>Income/<br>Expense** | **Yield/ <br> Rate** | **Average<br>Balance** | **Interest<br>Income/<br>Expense** | **Yield/ <br> Rate** |
| Interest-earning assets: |  |  |  |  |  |  |
| Loans held for investment | $17322283 | $1125908 | 6.50% | $12579143 | $801807 | 6.37% |
| Loans held for sale | 258638 | 15939 | 6.16% | 224734 | 13614 | 6.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 2872476 | 90117 | 3.14% | 1825404 | 37383 | 2.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt securities | 396649 | 13695 | 3.45% | 264615 | 5746 | 2.17% |
| Total securities | 3269125 | 103812 | 3.18% | 2090019 | 43129 | 2.06% |
| Interest-bearing balances with banks | 831119 | 33272 | 4.00% | 772274 | 39557 | 5.12% |
| Total interest-earning assets | 21681165 | 1278931 | 5.90% | 15666170 | 898107 | 5.73% |
| Cash and due from banks | 283651 |  |  | 188487 |  |  |
| Intangible assets | 1435443 |  |  | 1006665 |  |  |
| Other assets | 960071 |  |  | 691373 |  |  |
| Total assets | $24360330 |  |  | $17552695 |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;Interest-bearing demand<sup>(1)</sup> | $10506888 | $288114 | 2.74% | $7254646 | $226563 | 3.12% |
| &nbsp;&nbsp;&nbsp;Savings deposits | 1179131 | 3560 | 0.30% | 829818 | 2894 | 0.35% |
| &nbsp;&nbsp;&nbsp;Brokered deposits |  |  | —% | 237164 | 12942 | 5.46% |
| &nbsp;&nbsp;&nbsp;Time deposits | 3182324 | 120879 | 3.80% | 2466906 | 104193 | 4.22% |
| Total interest-bearing deposits | 14868343 | 412553 | 2.77% | 10788534 | 346592 | 3.21% |
| Borrowed funds | 951134 | 45737 | 4.81% | 566332 | 28989 | 5.12% |
| Total interest-bearing liabilities | 15819477 | 458290 | 2.90% | 11354866 | 375581 | 3.31% |
| Noninterest-bearing deposits | 4769403 |  |  | 3509958 |  |  |
| Other liabilities | 246895 |  |  | 221487 |  |  |
| Shareholders' equity | 3524555 |  |  | 2466384 |  |  |
| Total liabilities and shareholders' equity | $24360330 |  |  | $17552695 |  |  |
| Net interest income/ net interest margin |  | $820641 | 3.79% |  | $522526 | 3.34% |
| Cost of funding |  |  | 2.23% |  |  | 2.53% |
| Cost of total deposits |  |  | 2.10% |  |  | 2.42% |

---

<sup>(1)</sup> Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.

------

***Loan Portfolio***

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Dollars in thousands) | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **Dec 31, 2025** | **Sep 30, 2025** | **Jun 30, 2025** | **Mar 31, 2025** | **Dec 31, 2024** |
| **Loan Portfolio:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Real estate - 1-4 family mortgage | $4635033 | $4642657 | $4648443 | $3457192 | $3375294 |
| &nbsp;&nbsp;&nbsp;Construction and Land Development | 1905636 | 1990657 | 1795197 | 1325547 | 1321809 |
| &nbsp;&nbsp;&nbsp;Commercial Real Estate - Non-Owner Occupied | 6245480 | 6120677 | 5953135 | 4262147 | 4226938 |
| &nbsp;&nbsp;&nbsp;Commercial Real Estate - Owner Occupied | 3334664 | 3321186 | 3288005 | 1949177 | 1894679 |
| &nbsp;&nbsp;&nbsp;Commercial and Industrial | 2818326 | 2834669 | 2756491 | 1973991 | 1976286 |
| &nbsp;&nbsp;&nbsp;Consumer | 107900 | 115675 | 122176 | 87539 | 90014 |
| &nbsp;&nbsp;**Total loans** | $19047039 | $19025521 | $18563447 | $13055593 | $12885020 |

---

***Credit Quality and Allowance for Credit Losses on Loans***

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Dollars in thousands) | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **Dec 31, 2025** | **Sep 30, 2025** | **Jun 30, 2025** | **Mar 31, 2025** | **Dec 31, 2024** |
| **Nonperforming Assets:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccruing loans | $175730 | $170756 | $137999 | $98638 | $110811 |
| &nbsp;&nbsp;&nbsp;Loans 90 days or more past due | 288 | 792 | 3860 | 95 | 2464 |
| &nbsp;&nbsp;&nbsp;Total nonperforming loans | 176018 | 171548 | 141859 | 98733 | 113275 |
| &nbsp;&nbsp;&nbsp;Other real estate owned | 15191 | 10578 | 11750 | 8654 | 8673 |
| &nbsp;&nbsp;&nbsp;Total nonperforming assets | $191209 | $182126 | $153609 | $107387 | $121948 |
| **Criticized Loans** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Classified loans | $359235 | $392721 | $333626 | $224654 | $241708 |
| &nbsp;&nbsp;&nbsp;Special Mention loans | 201428 | 219792 | 159931 | 95778 | 130882 |
| &nbsp;&nbsp;&nbsp;Criticized loans | $560663 | $612513 | $493557 | $320432 | $372590 |
| Allowance for credit losses on loans | $293955 | $297591 | $290770 | $203931 | $201756 |
| Net loan charge-offs (recoveries) | $9109 | $4339 | $12054 | $(125) | $1722 |
| Annualized net loan charge-offs / average loans | 0.19% | 0.09% | 0.26% | —% | 0.05% |
| Nonperforming loans / total loans | 0.92 | 0.90 | 0.76 | 0.76 | 0.88 |
| Nonperforming assets / total assets | 0.71 | 0.68 | 0.58 | 0.59 | 0.68 |
| Allowance for credit losses on loans / total loans | 1.54 | 1.56 | 1.57 | 1.56 | 1.57 |
| Allowance for credit losses on loans / nonperforming loans | 167.00 | 173.47 | 204.97 | 206.55 | 178.11 |
| Criticized loans / total loans | 2.94 | 3.22 | 2.66 | 2.45 | 2.89 |

---

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**CONFERENCE CALL INFORMATION:**

A live audio webcast of a conference call with analysts will be available beginning at 10:00 AM Eastern Time (9:00 AM Central Time) on Wednesday, January 28, 2026.

The webcast is accessible through Renasant's investor relations website at www.renasant.com or https://event.choruscall.com/mediaframe/webcast.html?webcastid=YsDRiXm1. To access the conference via telephone, dial 1-877-513-1143 in the United States and request the Renasant Corporation 2025 Fourth Quarter Earnings Webcast and Conference Call. International participants should dial 1-412-902-4145 to access the conference call.

The webcast will be archived on www.renasant.com after the call and will remain accessible for one year. A replay can be accessed via telephone by dialing 1-877-344-7529 in the United States and entering conference number 9546201 or by dialing 1-412-317-0088 internationally and entering the same conference number. Telephone replay access is available until February 11, 2026.

**ABOUT RENASANT CORPORATION:** 

Renasant Corporation is the parent of Renasant Bank, a 122-year-old financial services institution. Renasant has assets of approximately $26.8 billion and operates 283 banking, lending, mortgage and wealth management offices throughout the Southeast and also offers factoring and asset-based lending on a nationwide basis.

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:** 

This press release may contain, or incorporate by reference, statements about Renasant Corporation that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "projects," "anticipates," "intends," "estimates," "plans," "potential," "focus," "possible," "may increase," "may fluctuate," "will likely result," and similar expressions, or future or conditional verbs such as "will," "should," "would" and "could," are generally forward-looking in nature and not historical facts. Forward-looking statements include information about the Company's future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. The Company's management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond the Company's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements, and such differences may be material. Prospective investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made.

Important factors currently known to management that could cause the Company's actual results to differ materially from those in forward-looking statements include the following: (i) the Company's ability to efficiently integrate acquisitions (including its merger with The First) 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 (including the possibility that such cost savings will not be realized when expected, or at all, as a result of the impact of, or challenges arising from, the integration of the acquired assets and assumed liabilities into the Company, potential adverse reactions or changes to business or employee relationships, or as a result of other unexpected factors or events); (ii) potential exposure to unknown or contingent risks and liabilities the Company has acquired, or may acquire, or target for acquisition, including in connection with its merger with The First; (iii) the effect of economic conditions and interest rates on a national, regional or international basis; (iv) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (v) competitive pressures in the consumer finance, commercial finance, financial services, asset management, retail banking, factoring and mortgage lending and auto lending industries; (vi) the financial resources of, and products available from, competitors; (vii) changes in laws and regulations as well as changes in accounting standards; (viii) changes in governmental and regulatory policy, whether applicable specifically to financial institutions or impacting the United States generally (such as, for example, changes in trade policy); (ix) increased scrutiny by, and/or additional regulatory requirements of, regulatory agencies as a result of the Company's merger with The First; (x) changes in the securities and foreign exchange markets; (xi) the Company's potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xii) changes in the quality or composition of the Company's loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of the Company's investment securities portfolio; (xiii) an

------

insufficient allowance for credit losses as a result of inaccurate assumptions; (xiv) changes in the sources and costs of the capital the Company uses to make loans and otherwise fund the Company's operations, due to deposit outflows, changes in the mix of deposits and the cost and availability of borrowings; (xv) general economic, market or business conditions, including the impact of inflation; (xvi) changes in demand for loan and deposit products and other financial services; (xvii) concentrations of credit or deposit exposure; (xviii) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xix) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses; (xx) civil unrest, natural disasters, epidemics and other catastrophic events in the Company's geographic area; (xxi) geopolitical conditions, including acts or threats of terrorism and actions taken by the United States or other governments in response to acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; (xxii) the impact, extent and timing of technological changes; and (xxiii) other circumstances, many of which are beyond management's control.

Management believes that the assumptions underlying the Company's forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate. Investors are urged to carefully consider the risks described in the Company's filings with the Securities and Exchange Commission (the "SEC") from time to time, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.renasant.com and the SEC's website at www.sec.gov.

The Company undertakes no obligation, and specifically disclaims any obligation, to update or revise forward-looking statements, whether as a result of new information or to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by federal securities laws.

**NON-GAAP FINANCIAL MEASURES:** 

In addition to results presented in accordance with generally accepted accounting principles in the United States of America ("GAAP"), this press release and the presentation slides furnished to the SEC on the same Form 8-K as this release contain non-GAAP financial measures, namely, (i) adjusted loan yield, (ii) adjusted net interest income and margin, (iii) pre-provision net revenue (including on an as-adjusted basis), (iv) adjusted net income, (v) adjusted diluted earnings per share, (vi) tangible book value per share, (vii) the tangible common equity ratio, (viii) the adjusted return on average assets and on average equity and certain other performance ratios (namely, the ratio of pre-provision net revenue to average assets and the return on average tangible assets and on average tangible common equity (including each of the foregoing on an as-adjusted basis)), and (ix) the adjusted efficiency ratio.

These non-GAAP financial measures adjust GAAP financial measures to exclude intangible assets, including related amortization, and/or certain gains or charges (such as, for the fourth quarter of 2025, merger and conversion related expenses), with respect to which the Company is unable to accurately predict when these charges will be incurred or, when incurred, the amount thereof. 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 can vary extensively from company to company and, as to intangible assets, are excluded from the calculation of a financial institution's regulatory capital, the Company believes that the presentation of this non-GAAP financial information allows readers to more easily compare the Company's results to information provided in other regulatory reports and the results of other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables below under the caption "Non-GAAP Reconciliations".

None of the non-GAAP financial information that the Company has included in this release or the accompanying presentation slides are intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP. Investors should note that, because there are no standardized definitions for the calculations as well as the results, the Company's calculations may not be comparable to similarly titled measures presented by other companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure.

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***Non-GAAP Reconciliations***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in thousands, except per share data) | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ending** | **Twelve Months Ending** |
|  | **Dec 31, 2025** | **Sep 30, 2025** | **Jun 30, 2025** | **Mar 31, 2025** | **Dec 31, 2024** | **Dec 31, 2025** | **Dec 31, 2024** |
| **Adjusted Pre-Provision Net Revenue ("PPNR")** | **Adjusted Pre-Provision Net Revenue ("PPNR")** | **Adjusted Pre-Provision Net Revenue ("PPNR")** |  |  |  |  |  |
| Net income (GAAP) | $78948 | $59788 | $1018 | $41518 | $44747 | $181272 | $195457 |
| Income taxes | 17885 | 15478 | 1649 | 10448 | 5006 | 45460 | 49508 |
| Provision for credit losses (including unfunded commitments) | 10935 | 10450 | 81322 | 4750 | 2600 | 107457 | 9273 |
| Pre-provision net revenue (non-GAAP) | $107768 | $85716 | $83989 | $56716 | $52353 | $334189 | $254238 |
| Merger and conversion related expense | 10567 | 17494 | 20479 | 791 | 2076 | 49331 | 13349 |
| Gain on extinguishment of debt |  |  |  |  |  |  | (56) |
| Gain on sales of MSR |  |  | (1467) |  | (252) | (1467) | (3724) |
| Gain on sale of insurance agency |  |  |  |  |  |  | (53349) |
| Adjusted pre-provision net revenue (non-GAAP) | $118335 | $103210 | $103001 | $57507 | $54177 | $382053 | $210458 |
| **Adjusted Net Income and Adjusted Tangible Net Income** | **Adjusted Net Income and Adjusted Tangible Net Income** | **Adjusted Net Income and Adjusted Tangible Net Income** |  |  |  |  |  |
| Net income (GAAP) | $78948 | $59788 | $1018 | $41518 | $44747 | $181272 | $195457 |
| Amortization of intangibles | 8465 | 8674 | 8884 | 1080 | 1133 | 27103 | 4691 |
| Tax effect of adjustments noted above<sup>(1)</sup> | (2112) | (2164) | (2212) | (270) | (283) | (6749) | (1173) |
| Tangible net income (non-GAAP) | $85301 | $66298 | $7690 | $42328 | $45597 | $201626 | $198975 |
| Net income (GAAP) | $78948 | $59788 | $1018 | $41518 | $44747 | $181272 | $195457 |
| Merger and conversion related expense | 10567 | 17494 | 20479 | 791 | 2076 | 49331 | 13349 |
| Day 1 acquisition provision for loan losses |  |  | 62190 |  |  | 62190 |  |
| Day 1 acquisition provision for unfunded commitments |  |  | 4422 |  |  | 4422 |  |
| Gain on extinguishment of debt |  |  |  |  |  |  | (56) |
| Gain on sales of MSR |  |  | (1467) |  | (252) | (1467) | (3724) |
| Gain on sale of insurance agency |  |  |  |  |  |  | (53349) |
| Tax effect of adjustments noted above<sup>(1)</sup> | (2636) | (4365) | (20765) | (198) | (113) | (27932) | 13389 |
| Adjusted net income (non-GAAP) | $86879 | $72917 | $65877 | $42111 | $46458 | $267816 | $165066 |
| Amortization of intangibles | 8465 | 8674 | 8884 | 1080 | 1133 | 27103 | 4691 |
| Tax effect of adjustments noted above<sup>(1)</sup> | (2112) | (2164) | (2212) | (270) | (283) | (6749) | (1173) |
| Adjusted tangible net income (non-GAAP) | $93232 | $79427 | $72549 | $42921 | $47308 | $288170 | $168584 |
| **Tangible Assets and Tangible Shareholders' Equity** | **Tangible Assets and Tangible Shareholders' Equity** | **Tangible Assets and Tangible Shareholders' Equity** |  |  |  |  |  |
| Average shareholders' equity (GAAP) | $3849791 | $3794996 | $3745051 | $2692681 | $2656885 | $3524555 | $2466384 |
| Average intangible assets | (1563189) | (1578846) | (1589490) | (1002511) | (1003551) | (1435443) | (1006665) |
| Average tangible shareholders' equity (non-GAAP) | $2286602 | $2216150 | $2155561 | $1690170 | $1653334 | $2089112 | $1459719 |
| Average assets (GAAP) | $26693539 | $26456596 | $26182865 | $17989636 | $17943148 | $24360330 | $17552695 |
| Average intangible assets | (1563189) | (1578846) | (1589490) | (1002511) | (1003551) | (1435443) | (1006665) |
| Average tangible assets (non-GAAP) | $25130350 | $24877750 | $24593375 | $16987125 | $16939597 | $22924887 | $16546030 |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Shareholders' equity (GAAP) | $3884905 | $3825778 | $3778854 | $2727105 | $2678318 | $3884905 | $2678318 |
| Intangible assets | (1552452) | (1566788) | (1583533) | (1001923) | (1003003) | (1552452) | (1003003) |
| Tangible shareholders' equity (non-GAAP) | $2332453 | $2258990 | $2195321 | $1725182 | $1675315 | $2332453 | $1675315 |
| Total assets (GAAP) | $26751426 | $26726165 | $26624975 | $18271381 | $18034868 | $26751426 | $18034868 |
| Intangible assets | (1552452) | (1566788) | (1583533) | (1001923) | (1003003) | (1552452) | (1003003) |
| Total tangible assets (non-GAAP) | $25198974 | $25159377 | $25041442 | $17269458 | $17031865 | $25198974 | $17031865 |
| **Adjusted Performance Ratios** |  |  |  |  |  |  |  |
| Return on average assets (GAAP) | 1.17% | 0.90% | 0.02% | 0.94% | 0.99% | 0.74% | 1.11% |
| Adjusted return on average assets (non-GAAP) | 1.29 | 1.09 | 1.01 | 0.95 | 1.03 | 1.10 | 0.94 |
| Return on average tangible assets (non-GAAP) | 1.35 | 1.06 | 0.13 | 1.01 | 1.07 | 0.88 | 1.20 |
| Pre-provision net revenue to average assets (non-GAAP) | 1.60 | 1.29 | 1.29 | 1.28 | 1.16 | 1.37 | 1.45 |
| Adjusted pre-provision net revenue to average assets (non-GAAP) | 1.76 | 1.55 | 1.58 | 1.30 | 1.20 | 1.57 | 1.20 |
| Adjusted return on average tangible assets (non-GAAP) | 1.47 | 1.27 | 1.18 | 1.02 | 1.11 | 1.26 | 1.02 |
| Return on average equity (GAAP) | 8.14 | 6.25 | 0.11 | 6.25 | 6.70 | 5.14 | 7.92 |
| Adjusted return on average equity (non-GAAP) | 8.95 | 7.62 | 7.06 | 6.34 | 6.96 | 7.60 | 6.69 |
| Return on average tangible equity (non-GAAP) | 14.80 | 11.87 | 1.43 | 10.16 | 10.97 | 9.65 | 13.63 |
| Adjusted return on average tangible equity (non-GAAP) | 16.18 | 14.22 | 13.50 | 10.30 | 11.38 | 13.79 | 11.55 |
| **Adjusted Diluted Earnings Per Share** | **Adjusted Diluted Earnings Per Share** | **Adjusted Diluted Earnings Per Share** |  |  |  |  |  |
| Average diluted shares outstanding | 95172380 | 95284603 | 95136160 | 64028025 | 64056303 | 87514783 | 59748790 |
| Diluted earnings per share (GAAP) | $0.83 | $0.63 | $0.01 | $0.65 | $0.70 | $2.07 | $3.27 |
| Adjusted diluted earnings per share (non-GAAP) | $0.91 | $0.77 | $0.69 | $0.66 | $0.73 | $3.06 | $2.76 |
| **Tangible Book Value Per Share** |  |  |  |  |  |  |  |
| Shares outstanding | 94636207 | 95020881 | 95019311 | 63739467 | 63565690 | 94636207 | 63565690 |
| Book value per share (GAAP) | $41.05 | $40.26 | $39.77 | $42.79 | $42.13 | $41.05 | $42.13 |
| Tangible book value per share (non-GAAP) | $24.65 | $23.77 | $23.10 | $27.07 | $26.36 | $24.65 | $26.36 |
| **Tangible Common Equity Ratio** |  |  |  |  |  |  |  |
| Shareholders' equity to assets (GAAP) | 14.52% | 14.31% | 14.19% | 14.93% | 14.85% | 14.52% | 14.85% |
| Tangible common equity ratio (non-GAAP) | 9.26% | 8.98% | 8.77% | 9.99% | 9.84% | 9.26% | 9.84% |
| **Adjusted Efficiency Ratio** |  |  |  |  |  |  |  |
| Net interest income (FTE) (GAAP) | $232361 | $228131 | $222717 | $137432 | $135502 | $820641 | $522526 |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Total noninterest income (GAAP) | $51125 | $46026 | $48334 | $36395 | $34218 | $181880 | $203660 |
| Gain on sales of MSR |  |  | (1467) |  | (252) | (1467) | (3724) |
| Gain on extinguishment of debt |  |  |  |  |  |  | (56) |
| Gain on sale of insurance agency |  |  |  |  |  |  | (53349) |
| Total adjusted noninterest income (non-GAAP) | $51125 | $46026 | $46867 | $36395 | $33966 | $180413 | $146531 |
| Noninterest expense (GAAP) | $170750 | $183830 | $183204 | $113876 | $114747 | $651660 | $461618 |
| Amortization of intangibles | (8465) | (8674) | (8884) | (1080) | (1133) | (27103) | (4691) |
| Merger and conversion expense | (10567) | (17494) | (20479) | (791) | (2076) | (49331) | (13349) |
| Total adjusted noninterest expense (non-GAAP) | $151718 | $157662 | $153841 | $112005 | $111538 | $575226 | $443578 |
| Efficiency ratio (GAAP) | 60.23% | 67.05% | 67.59% | 65.51% | 67.61% | 65.00% | 63.57% |
| Adjusted efficiency ratio (non-GAAP) | 53.52% | 57.51% | 57.07% | 64.43% | 65.82% | 57.46% | 66.30% |
| **Adjusted Net Interest Income and Adjusted Net Interest Margin** | **Adjusted Net Interest Income and Adjusted Net Interest Margin** | **Adjusted Net Interest Income and Adjusted Net Interest Margin** |  |  |  |  |  |
| Net interest income (FTE) (GAAP) | $232361 | $228131 | $222717 | $137432 | $135502 | $820641 | $522526 |
| Net interest income collected on problem loans | (2767) | (664) | (2779) | (1026) | (151) | (7236) | (770) |
| Accretion recognized on purchased loans | (13632) | (16862) | (17834) | (558) | (616) | (48886) | (3402) |
| Amortization recognized on purchased time deposits |  | 2995 | 4396 |  |  | 7391 |  |
| Amortization recognized on purchased long term borrowings | 335 | 837 | 1072 |  |  | 2244 |  |
| Adjustments to net interest income | $(16064) | $(13694) | $(15145) | $(1584) | $(767) | $(46487) | $(4172) |
| Adjusted net interest income (FTE) (non-GAAP) | $216297 | $214437 | $207572 | $135848 | $134735 | $774154 | $518354 |
| Net interest margin (GAAP) | 3.89% | 3.85% | 3.85% | 3.45% | 3.36% | 3.79% | 3.34% |
| Adjusted net interest margin (non-GAAP) | 3.62% | 3.62% | 3.58% | 3.42% | 3.34% | 3.57% | 3.31% |
| **Adjusted Loan Yield** |  |  |  |  |  |  |  |
| Loan interest income (FTE) (GAAP) | $309667 | $311903 | $304834 | $199504 | $201562 | $1125908 | $801807 |
| Net interest income collected on problem loans | (2767) | (664) | (2779) | (1026) | (151) | (7236) | (770) |
| Accretion recognized on purchased loans | (13632) | (16862) | (17834) | (558) | (616) | (48886) | (3402) |
| Adjusted loan interest income (FTE) (non-GAAP) | $293268 | $294377 | $284221 | $197920 | $200795 | $1069786 | $797635 |
| Loan yield (GAAP) | 6.45% | 6.60% | 6.63% | 6.24% | 6.29% | 6.50% | 6.37% |
| Adjusted loan yield (non-GAAP) | 6.11% | 6.23% | 6.18% | 6.19% | 6.27% | 6.18% | 6.34% |

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<sup>(1)</sup> Tax effect is calculated based on the respective legal entity's appropriate federal and state tax rates (as applicable) for the period, and includes the estimated impact of both current and deferred tax expense.

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## Exhibit 99.2

![](rnstq42025earningsdeckfi001.jpg)

Fourth Quarter 2025 Earnings Call

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Forward-Looking Statements This presentation may contain various statements about Renasant Corporation ("Renasant," "we," "our," or "us") that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "projects," "anticipates," "intends," "estimates," "plans," "potential," "focus," "possible," "may increase," "may fluctuate," "will likely result," and similar expressions, or future or conditional verbs such as "will," "should," "would" and "could," are generally forward-looking in nature and not historical facts. Forward-looking statements include information about our future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. We believe these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions about future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements; such differences may be material. Prospective investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Important factors currently known to management that could cause our actual results to differ materially from those in forward-looking statements include the following: (i) Renasant's ability to efficiently integrate acquisitions (including its merger with The First Bancshares, Inc. ("The First")) 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 (including the possibility that such cost savings will not be realized when expected, or at all, as a result of the impact of, or challenges arising from, the integration of the acquired assets and assumed liabilities into Renasant, potential adverse reactions or changes to business or employee relationships, or as a result of other unexpected factors or events); (ii) potential exposure to unknown or contingent risks and liabilities we have acquired, or may acquire, or target for acquisition, including in connection with our merger with The First; (iii) the effect of economic conditions and interest rates on a national, regional or international basis; (iv) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (v) competitive pressures in the consumer finance, commercial finance, financial services, asset management, retail banking, factoring and mortgage lending and auto lending industries; (vi) the financial resources of, and products available from, competitors; (vii) changes in laws and regulations as well as changes in accounting standards; (viii) changes in governmental and regulatory policy, whether applicable specifically to financial institutions or impacting the United States generally (such as, for example, changes in trade policy); (ix) increased scrutiny by, and/or additional regulatory requirements of, regulatory agencies as a result of our merger with The First; (x) changes in the securities and foreign exchange markets; (xi) Renasant's potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xii) changes in the quality or composition of our loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio; (xiii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiv) changes in the sources and costs of the capital we use to make loans and otherwise fund our operations, due to deposit outflows, changes in the mix of deposits and the cost and availability of borrowings; (xv) general economic, market or business conditions, including the impact of inflation; (xvi) changes in demand for loan and deposit products and other financial services; (xvii) concentrations of credit or deposit exposure; (xviii) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xix) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses; (xx) civil unrest, natural disasters, epidemics and other catastrophic events in our geographic area; (xxi) geopolitical conditions, including acts or threats of terrorism, and actions taken by the United States or other governments in response to acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; (xxii) the impact, extent and timing of technological changes; and (xxiii) other circumstances, many of which are beyond management's control. Management believes that the assumptions underlying our forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate. Investors are urged to carefully consider the risks described in Renasant's filings with the Securities and Exchange Commission ("SEC") from time to time, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.renasant.com and the SEC's website at www.sec.gov. We undertake no obligation, and specifically disclaim any obligation, to update or revise our forward-looking statements, whether as a result of new information or to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by federal securities laws. 2

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![](rnstq42025earningsdeckfi003.jpg)

Assets: $26.8 billion Loans: 19.0 Deposits: 21.5 Equity: 3.9 Loans TN 11% MS 25% AL 22% FL 12% LA 4% GA 26% Deposits TN 8% MS 39% AL 15%FL 8% LA 3% GA 27% (2) 3 Overview Note: As of December 31, 2025 (1) As determined by the office or branch of origination (2) Republic Business Credit operates on a nationwide basis. Locations in California, Illinois and Texas are not shown. Snapshot Footprint Loans and Deposits by State(1)

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Fourth Quarter Highlights • Net income of $78.9 million with diluted EPS of $0.83 and adjusted diluted EPS (non- GAAP)(1) of $0.91 • Net interest margin was 3.89%, up 4 basis points linked quarter; adjusted net interest margin (non-GAAP)(1) remained unchanged at 3.62% linked quarter • Loans increased $21.5 million, or 0.4% annualized. During the fourth quarter, the Company sold approximately $117.3 million of loans acquired in connection with the merger with The First, which were not considered to be core to Renasant's business • Deposits increased $48.5 million linked quarter. Noninterest bearing deposits decreased $194.5 million linked quarter; noninterest-bearing deposits represented 23.5% of total deposits • Loan yield decreased 15 basis points; adjusted loan yield (non-GAAP)(1) decreased 12 basis points • Cost of total deposits decreased 17 basis points to 1.97% • The ratio of allowance for credit losses on loans to total loans decreased 2 basis points to 1.54% linked quarter • Nonperforming loans represented 0.92% of total loans, an increase of 2 basis points and criticized loans to total loans decreased 28 basis points to 2.94% linked quarter • Redeemed $60.0 million subordinated notes acquired from The First on October 1, 2025 • Repurchased $13.2 million of common stock at a weighted average price of $34.29 (1) Adjusted diluted EPS, Adjusted net interest margin, Adjusted loan yield, Adjusted ROAA, Adjusted ROTCE and Adjusted efficiency ratio are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading "Non-GAAP Reconciliations". 4 Net Income $78.95 million Diluted EPS 0.83 Adjusted Diluted EPS (non-GAAP)(1) 0.91 Net Interest Margin 3.89 % Adjusted Net Interest Margin (non- GAAP)(1) 3.62 Return on Average Assets ("ROAA") 1.17 Adjusted ROAA (non-GAAP)(1) 1.29 Return on Average Tangible Common Equity ("ROTCE") 14.80 Adjusted ROTCE (non-GAAP)(1) 16.18 Efficiency Ratio 60.23 Adjusted Efficiency Ratio (non-GAAP)(1) 53.52

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$18,035 $18,271 $26,625 $26,726 $26,751 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 $12,885 $13,056 $18,563 $19,026 $19,047 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 $14,573 $14,772 $21,583 $21,425 $21,473 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Note: Dollars in millions $2,678 $2,727 $3,779 $3,826 $3,885 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 5 Balance Sheet Assets Loans Deposits Equity

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Note: Dollars in thousands (1) Includes money market deposits Composition Quarter Highlights 6 $21,473,070 $21,424,555 $21,582,637 $14,772,095 $14,572,612 Noninterest-bearing Interest-bearing (1) Savings Time 4Q 2025 3Q 2025 2Q 2025 1Q 2025 4Q 2024 Core Deposit Funding • Deposit growth of $48.5 million in 4Q 2025 represents 0.9% annualized growth. • Noninterest-bearing deposits: 23.5% of total deposits • Average deposit account balance: $33 thousand • Commercial average account balance\* : $87 thousand • Consumer average account balance\* : $14 thousand • Top 20 depositors: 5.0% of total deposits\* Customer Mix 44% 44% 50% 48% 48% 38% 39% 31% 35% 35% 18% 17% 19% 17% 17% Consumer Commercial Public Funds 4Q 2025 3Q 2025 2Q 2025 1Q 2025 4Q 2024 \* Excludes public fund deposits

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![](rnstq42025earningsdeckfi007.jpg)

Cash and Securities to Total Assets Loans to Deposits Average Interest Earning Asset Mix (4Q 2025) 16.9% 17.5% 18.5% 17.4% 17.4% 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 88% 88% 86% 89% 89% 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 80% 1% 16% 3% Loans Held for Investment Loans Held for Sale Securities Interest Bearing Balances With Banks 7 Liquidity Position

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14.85% 14.93% 14.19% 14.31% 14.52% 9.84% 9.99% 8.77% 8.98% 9.26% Shareholders' equity to assets Tangible common equity ratio (non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 12.73% 12.59% 11.08% 11.04% 11.24% 17.08% 16.89% 14.97% 14.88% 14.78% Common equity tier 1 capital ratio Total risk-based capital ratio 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Quarter Highlights • The Company has a $150.0 million stock repurchase program in effect until the earlier of October 2026 or the repurchase of the entire amount authorized under the plan, under which the Company is authorized to repurchase outstanding shares of its common stock either in open market purchases or privately negotiated transactions. • During the fourth quarter of 2025, the Company repurchased $13.2 million of common stock at a weighted average price of $34.29 \* Tangible Common Equity Ratio and Tangible Book Value are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading "Non-GAAP Reconciliations". $42.13 $42.79 $39.77 $40.26 $41.05 $26.36 $27.07 $23.10 $23.77 $24.65 Book Value Tangible Book Value (non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 8 Capital Equity to Assets / Tangible Common Equity Ratio (non-GAAP)\* Common Equity Tier 1 Ratio / Total Risk-based Capital Ratio Book Value / Tangible Book Value (non-GAAP)\*

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![](rnstq42025earningsdeckfi009.jpg)

Loan Growth $19,026 $(8) $(85) $125 $13 $(16) $(8) $19,047 Q 3 2025 RE-1-4 Fam ily C&LD NO O CRE O O CRE C&I Consum er Q 4 2025 Quarter Highlights • Loans increased $21.5 million linked quarter. During the fourth quarter, the Company sold approximately $117.3 million of C&I loans acquired in connection with the merger with The First, which were not considered to be core to Renasant's business • Average loan balance: $311 thousand 24% 10% 33% 17% 15% 1% Real estate - 1-4 family mortgage Construction and Land Development Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Owner Occupied Commercial and Industrial Consumer Loan Composition 9Note: Dollars in millions

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$576 $645 $805 $950 $914 $595 $551 $730 $757 $806 Production Advances 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 $465 $557 $657 $587 $876 $449 $468 $567 $657 $706 Payoffs Paydowns 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 $19,026 $914 $806 $(876) $(706) $(117) $19,047 3Q 2025 Production Advances Payoffs Paydowns Sale\* 4Q 2025 Loan Activity 10 Note: Dollars in millions \*The aforementioned sale of loans acquired from The First QTD Loan Growth Production & Advance Trends Payoff & Paydown Trends

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11 $201,756 $203,931 $290,770 $297,591 $293,955 1.57% 1.56% 1.57% 1.56% 1.54% 0.05% —% 0.26% 0.09% 0.19% ACL ACL/Loans Net Charge-offs / Average Loans 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 $372,590 $320,432 $493,557 $612,513 $560,663 2.89% 2.45% 2.66% 3.22% 2.94% Criticized loans Criticized loans / total loans 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Asset Quality Criticized Loans Note: Dollars in thousands Allowance for Credit Losses & Net Charge-offs 0.31% 0.31% 0.25% 0.26% 0.47% Loans 30-89 Past Due / Total Loans 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Loans 30-89 Days Past DueQuarter Highlights • 48% of our NPL's loan payments were less than 30 days past due at 12/31/25 • Average NPL loan balance: $305,057 • 80% of our criticized loan payments were less than 30 days past due at 12/31/25 • Average criticized loan balance: $549,661

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0.68% 0.59% 0.58% 0.68% 0.71% 0.88% 0.76% 0.76% 0.90% 0.92% NPAs/Total Assets NPLs/Total Loans 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 12 $65,431 $7,730 $43,395 $31,303 $28,002 $157 Real Estate 1-4 Family Mortgage Construction and Land Development Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Owner-Occupied Commercial and Industrial Consumer NPLs by Loan Category Asset Quality (cont.) Nonperforming Loans & Nonperforming Assets $113,275 $98,733 $141,859 $171,548 $176,018 178% 207% 205% 173% 167% Nonperforming Loans Allowance/Nonperforming Loans 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Nonperforming Loans Note: Dollars in thousands

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$0.70 $0.65 $0.01 $0.63 $0.83 $0.73 $0.66 $0.69 $0.77 $0.91 Diluted EPS (GAAP) Adjusted Diluted EPS (non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 $135.5 $137.4 $222.7 $228.1 $232.4 $134.7 $135.8 $207.6 $214.4 $216.3 Net interest income (FTE) Adjusted net interest income (FTE) (non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Note: Dollars in millions except per share amounts. \*Adjusted Diluted EPS, Adjusted Net Income, Adjusted Net Interest Income (FTE), PPNR and Adjusted PPNR are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading "Non-GAAP Reconciliations". $52.4 $56.7 $84.0 $85.7 $107.8 $54.2 $57.5 $103.0 $103.2 $118.3 PPNR (non-GAAP)\* Adjusted PPNR (non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 $44.7 $41.5 $1.0 $59.8 $78.9 $46.5 $42.1 $65.9 $72.9 $86.9 Net Income Adjusted Net Income (non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 13 Profitability Diluted EPS / Adjusted Diluted EPS (non-GAAP)\* Net Income / Adjusted Net Income (non-GAAP)\* PPNR (non-GAAP)\* / Adjusted PPNR (Non-GAAP)\*Net Interest Income (FTE) / Adjusted Net Interest Income (FTE) (Non-GAAP)\*

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\*Adjusted ROAA, Adjusted ROTCE, PPNR/Average Assets and Adjusted PPNR/Average Assets are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading "Non-GAAP Reconciliations". 0.99% 0.94% 0.02% 0.90% 1.17% 1.03% 0.95% 1.01% 1.09% 1.29% ROAA (GAAP) ROAA (Adjusted) (non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 6.70% 6.25% 0.11% 6.25% 8.14% 11.38% 10.30% 13.50% 14.22% 16.18% ROAE (GAAP) ROTCE (Adjusted) (non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1.16% 1.28% 1.29% 1.29% 1.60% 1.20% 1.30% 1.58% 1.55% 1.76% PPNR/Average Assets (non-GAAP)\* Adjusted PPNR/Average Assets (non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 14 Profitability Ratios ROAA / Adjusted ROAA (non-GAAP)\* ROAE / Adjusted ROTCE (non-GAAP)\* PPNR (non-GAAP)\* / Adjusted PPNR Ratios (non-GAAP)\*

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3.36% 3.45% 3.85% 3.85% 3.89% 3.34% 3.42% 3.58% 3.62% 3.62% Net Interest Margin Adjusted Net Interest Margin (FTE)(non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 \*Adjusted Net Interest Margin (FTE) and Adjusted Loan Yield are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading "Non-GAAP Reconciliations". 6.29% 6.24% 6.63% 6.60% 6.45% 6.27% 6.19% 6.18% 6.23% 6.11% Loan yield Adjusted Loan Yield (non-GAAP)\* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 • Scheduled accretion and accelerated accretion recognized on acquired loans were $11.8 million and $1.8 million, respectively, for the fourth quarter of 2025, which included scheduled credit accretion and accelerated credit accretion of $4.5 million and $1.6 million, respectively 15 Net Interest Margin (FTE), Loan Yield and Cost of Deposits 2.35% 2.22% 2.12% 2.14% 1.97% 3.09% 2.89% 2.82% 2.83% 2.60% Total cost of deposits Cost of total interest-bearing deposits 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Net Interest Margin (FTE) / Adjusted Net Interest Margin (FTE)(non-GAAP)\* Loan Yield / Adjusted Loan Yield (non-GAAP)\* Cost of Deposits Accretion

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• Noninterest income increased $5.1 million linked quarter, which included $2.0 million in gains associated with the exit of certain low income housing tax credit partnerships during the fourth quarter • Service charges and Fees and commissions increased $1.1 million and $1.0 million, respectively, linked quarter. Following the conversion of the First's core systems, which occurred in August, all acquired accounts were migrated to a single fee structure and duplicate processing expenses were eliminated, which contributed to the increases 16 $51,125 $46,026 $48,334 $36,395 $34,218 Service charges Fees and commissions Wealth management Mortgage banking BOLI Other 4Q 2025 3Q 2025 2Q 2025 1Q 2025 4Q 2024 Noninterest Income Composition ($ in thousands) Quarter Highlights

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• Noninterest expense decreased $13.1 million linked quarter, which includes a decrease of $6.9 million in merger and conversion expenses linked quarter • The Company recognized a net gain of $2.1 million resulting from branch consolidation activity in connection with its merger with The First, recorded in Net occupancy and equipment expense 17 Quarter Highlights 65.82% 64.43% 57.07% 57.51% 53.52% 67.61% 65.51% 67.59% 67.05% 60.23% Efficiency Ratio Adjusted efficiency ratio (non-GAAP) \* 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 $170,750 $183,830 $183,204 $113,876 $114,747 Salaries and employee benefits Data processing Net occupancy and equipment Advertising and public relations Merger and conversion expenses Intangible amortization Other 4Q 2025 3Q 2025 2Q 2025 1Q 2025 4Q 2024 Noninterest Expense Efficiency Ratio Composition ($ in thousands) \* Adjusted Efficiency Ratio is a non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading "Non-GAAP Reconciliations".

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Appendix

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Repricing Term\* Rate Structure Total Loans 3 mos or less 3-12 mos 1-3 years 3-5 years 5-15 years Over 15 years Total Variable Fixed Commercial and Industrial $1,658 $223 $407 $358 $170 $2 $2,818 $1,824 $994 Commercial Real Estate - Owner-Occupied 1,254 212 600 696 537 35 3,334 1,386 1,949 Commercial Real Estate - Non-Owner Occupied 3,463 406 1,116 874 381 7 6,247 3,631 2,614 Construction and Land Development 1,379 85 110 180 94 57 1,905 1,465 440 Real Estate 1-4 Family Mortgage 962 267 526 538 888 1,455 4,636 2,656 1,980 Consumer 25 19 33 23 7 — 107 18 90 Total $8,741 $1,212 $2,792 $2,669 $2,077 $1,556 $19,047 $10,980 $8,067 Weighted Average Rate - Fixed 5.4 % 5.2 % 5.5 % 6.2 % 4.5 % 5.5 % 5.5 % Weighted Average Rate - Variable 6.4 % 8.0 % 7.0 % 5.8 % 5.4 % 4.8 % 6.3 % % Fixed 4.9 % 72.0 % 80.8 % 79.9 % 65.4 % 65.5 % 42.4 % % Variable 95.1 % 28.0 % 19.2 % 20.1 % 34.6 % 34.5 % 57.6 % Note: Dollars in millions \*Based on Maturity Date for fixed rate loans and variable rate loans that are at their floor or ceiling 19 Loan Repricing and Maturity

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Note: As of December 31, 2025 Agency CMO 28% Agency MBS 31% Municipal 15% Agency CMBS 15% SBA 9% Other 2% 20 • Amortized cost of $3.7 billion; GAAP value of $3.6 billion, which represents 13.4% of total assets • Duration of 3.8 years • 29% of portfolio HTM based on par value ◦ 10.2% of HTM are CRA investments ◦ 25.6% of HTM are Municipals • Unrealized losses in AOCI on securities totaled $128.9 million ($97.0 million, net of tax); unrealized losses in AOCI on HTM securities totaled $54.2 million ($40.4 million, net of tax) $3.7 Billion Securities Composition (Amortized Cost) Quarter Highlights

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15% 21% 22% 9% 6% 7% 12% 5% 3% Warehouse/Industrial Retail Multi-family Self Storage Medical Office Office (non-medical) Hotel Senior Housing Other Quarter Highlights Note: As of December 31, 2025. LTV is calculated using the most recent appraisal available. % of Loans Avg Loan Size1 32.8% $2.1 million WA LTV 53.5% 0.19% 30-89 Days 0.69% NPLs2 Multi-Family Retail Warehouse/ Industrial Amount $1,392.8 $1,316.2 $904.7 Avg Loan Size1 2.7 1.5 2.5 % of Loans 7.3 6.9 4.8 % Past Due or Nonaccrual 0.06 0.16 0.85 ACL Reserve %2 1.19 0.93 1.06 WA LTV % 52.7 54.7 51.2 % Loans<75% LTV 97.3 86.2 97.8 % in Footprint 99.8 96.3 94.9 Q4 Loan Growth (%) 2.0 7.1 1.1 (1) Based on commitment amount (2) Includes reserves for both loans accounted for collectively and those individually evaluated Note: Dollars in millions 21 Commercial Real Estate - Non-owner Occupied $6.2 Billion Composition

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22 Note: As of December 31, 2025; LTV is calculated using the most recent appraisal available. 20% 25% 9% 13% 5% 5% 9% 8% 4% 1%1% 1-4 Family Land & Dev. Commercial Owner-Occupied Multi-family Office Retail Self Storage Warehouse / Industrial Hotels Other Senior Housing Amount $1,905.6 Avg Loan Size1 1.1 % of Loans 10.0 % Past Due or Nonaccrual 0.44 ACL Reserve%2 1.65 WA LTV % 61.1 % Loans<75% LTV 83.2 % in Footprint 98.2 Q4 Loan Growth (%) -4.3 (1) Based on commitment amount (2) Includes reserves for both loans accounted for collectively and those individually evaluated Note: Dollars in millions Construction and Land Development $1.9 Billion Composition Quarter Highlights

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23 September 30, 2025 December 31, 2025 ($ in thousands) ACL ACL as a % of Loans ACL ACL as a % of Loans Real Estate 1-4 Family Mortgage $62,097 1.34 $61,249 1.32 Construction and Land Development 32,048 1.61 31,359 1.65 Commercial Real Estate - Non-Owner Occupied 102,109 1.67 99,605 1.59 Commercial Real Estate - Owner-Occupied 33,852 1.02 38,733 1.16 Commercial and Industrial 62,022 2.17 58,059 2.05 Consumer 5,463 4.72 4,950 4.59 Allowance for Credit Losses on Loans 297,591 1.56 293,955 1.54 Allowance for Credit Losses on Deferred Interest 579 622 Reserve for Unfunded Commitments 24,366 29,827 Total Reserves 322,536 324,404 Purchase Accounting Discounts 175,439 161,591 Total Loss Absorption Capacity $497,975 $485,995 ACL / Loss Absorption

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24 ($ in thousands) 4Q 2024 3Q 2025 4Q 2025 Gain on sales of loans, net $2,379 $5,270 $5,243 Fees, net 2,850 3,050 2,970 Mortgage servicing income, net 1,632 697 711 Mortgage banking income, net $6,861 $9,017 $8,924 (in %) 4Q 2024 3Q 2025 4Q 2025 Wholesale 39 39 37 Retail 61 61 63 Purchase 89 77 72 Refinance 11 23 28 $482.3 $632.1 $679.6 $590.2 $489.5 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 \*Gain on sale margin excludes pipeline fair value adjustments and buyback reserve activity included in "Gain on sales of loans, net" in the table above 2.01% 1.42% 1.87% 1.32% 1.99% 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Mortgage Banking Mortgage Banking Income Mix Locked Volume (in millions) Gain on Sale Margin\*

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