Renasant (RNST) Registration Filing summary

Company overview and business model

• Operates as a bank holding company with 186 offices across seven southeastern states, offering community banking, mortgage, and wealth management services through subsidiaries and divisions.

• Provides a full suite of financial services, including business and personal loans, mortgage origination, and fiduciary wealth management.

• Recently sold its insurance subsidiary for $56.4 million, resulting in a $34.1 million after-tax gain in 2024.

• Entered into a merger agreement with The First Bancshares, Inc., expected to close in the first half of 2025, with a share-for-share exchange structure.

Financial performance and metrics

• As of December 31, 2024: total assets of $18.03 billion, total loans of $12.7 billion, total deposits of $14.6 billion, and total shareholders' equity of $2.7 billion.

• Sale of insurance subsidiary positively impacted 2024 earnings.

Use of proceeds and capital allocation

• Net proceeds from securities sales may be used for general corporate purposes, including organic growth, acquisitions, debt repayment, investments in subsidiaries, capital expenditures, or as regulatory capital.

• Specific use of proceeds for each offering will be detailed in the relevant prospectus supplement.