RENASANT CORP

Renasant Corporation reported net income of $88.2 million and diluted EPS of $0.94 for the first quarter of 2026, showing significant improvement year-over-year. The company also announced a quarterly cash dividend of $0.24 per share, an increase of $0.01, and expanded its stock repurchase program by $100.0 million. Additionally, Renasant completed a $300.0 million subordinated debt offering and achieved record Wealth Management AUM of $7.2 billion.

Renasant Corporation announced the pricing and closing of its public offering of $300 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036. The offering closed on May 7, 2026, yielding net proceeds of approximately $295.7 million after deducting underwriting discounts and estimated expenses. The company intends to use these proceeds for general corporate purposes, including the potential redemption of $40 million of its existing 5.50% Fixed-to-Floating Rate Subordinated Notes due September 1, 2031. The new Notes are designed to qualify as Tier 2 capital for regulatory purposes.

Renasant Corporation reported strong financial results for the first quarter ended March 31, 2026, with net income more than doubling year-over-year to $88.2 million and diluted earnings per share increasing to $0.94. This significant growth was largely driven by a substantial rise in net interest income, partly attributable to the acquisition of The First Bancshares, Inc. in April 2025. The company also saw an increase in total assets and deposits, alongside a notable share repurchase activity during the quarter.

Renasant Corporation announced the pricing of its public offering of $300 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036. The Notes will bear a fixed interest rate of 6.25% until June 1, 2031, then switch to a floating rate of Three-Month Term SOFR plus 245 basis points. Intended to qualify as Tier 2 capital, the net proceeds will be used for general corporate purposes, including the potential redemption of $40 million of existing subordinated notes. The offering is expected to close on May 7, 2026.

Renasant Corporation adopted Amended and Restated Bylaws, effective April 28, 2026, introducing flexibility for annual meeting dates, clarifying rules for meeting adjournments, and updating director qualifications and remote participation provisions. Concurrently, at its 2026 Annual Meeting of Shareholders, all 17 director nominees were elected, the non-binding advisory resolution on executive compensation was approved, and BDO USA, P.C. was ratified as the independent auditor for 2026.

Renasant Corporation announced strong financial results for the first quarter of 2026, with net income reaching $88.2 million and diluted EPS of $0.94. The company's Board of Directors approved a quarterly cash dividend increase of $0.01 to $0.24 per share and authorized an additional $100.0 million for its stock repurchase program. Performance metrics significantly improved year-over-year, including return on assets and efficiency ratio, reflecting the team's strong performance and focus on growth in Southeastern markets.