Renasant Corporation (RNST) SEC Filings & Earnings Calls

Leadership transition risk; new CFO has no prior CFO experience, though strong analytical background.

“Mealor joins from KBW as analyst; no prior CFO role disclosed.”

No new risk signals; standard forward-looking statement caution.

“Standard cautionary language.”

Credit risk from acquired loans

“Loans acquired in a business combination are recognized on the acquisition date at their purchase price plus an allowance for expected credit losses” · word for word

Interest rate risk

“The Company uses derivative instruments to manage its interest rate risk exposure.”

Deposit cost pressure continues with cost of total deposits rising 2bp linked quarter to 1.96%

“Cost of total deposits was 1.96% for the second quarter of 2026, up 2 basis points linked quarter” · word for word

Noninterest expense increased $6.2M linked quarter due to deferred compensation, health insurance, and merit increases

“Noninterest expense increased $6.2 million linked quarter, driven primarily by deferred compensation accruals tied to market valuations, higher health insurance claims and annual merit increases” · word for word

Credit quality deterioration

“Nonaccruing loans increased to $197,515 at March 31, 2026 from $175,730 at December 31, 2025.”

Interest rate risk from securities portfolio

“Unrealized losses on available for sale securities increased to $106,104 at March 31, 2026 from $96,559 at December 31, 2025.”

Integration risk from acquisition

“The First acquisition completed April 1, 2025; intangible amortization increased to $8,220 in Q1 2026 from $1,080 in Q1 2025.”

Increased leverage; interest rate risk on floating portion after 2031.

“Notes bear fixed 6.25% until 2031, then float at SOFR+245bps.”

Preliminary Q1 2026 results subject to revision and audit

“These results are also subject to further revision based upon the review of our independent auditors” · word for word

Routine compensation amendment; no material risk

“No departure or disagreement; alignment with other executives”

Material weakness in internal control over financial reporting

“A material weakness regarding management’s failure to implement appropriate segregation of duties over a certain subset of manual journal entries has been identified.” · word for word

Significant increase in provision for credit losses

“Provision for credit losses increased to $107,457 from $9,273 in 2024.”

Integration risk from large acquisition

“The Company completed its acquisition of The First Bancshares, Inc. on April 1, 2025, for a total purchase consideration of $1.1 billion.” · word for word

Standard forward-looking risk factors including economic conditions, interest rates, credit quality, and regulatory changes

“Extensive list of risk factors in forward-looking statements section”

Credit quality stable; nonperforming loans ratio increased slightly to 0.92%.

“Nonperforming loans to total loans increased to 0.92% at December 31, 2025 compared to 0.90% at September 30, 2025.” · word for word

Credit quality deterioration

“Provision for credit losses $10,450 vs $935; Provision for credit losses on loans $9,650 vs $1,210”

Integration risk from large acquisition

“Merger and conversion related expenses $17,494 and $38,764 during the three and nine months ended September 30, 2025”

Auditor change, though routine, introduces transition risk; no disagreements reported.

“no disagreements between the Company and HORNE on any matter of accounting principles or practices” · word for word

Credit quality deterioration: nonperforming loans and criticized loans increased.

“Nonperforming loans to total loans increased to 0.90% from 0.76%; criticized loans to total loans increased to 3.22% from 2.66%.” · word for word

Deposit outflow due to public fund seasonality and noninterest bearing deposit decline.

“Deposits decreased $158.1M linked quarter; noninterest bearing deposits decreased $117.7M.”