Renasant (RNST) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 29, 2026 astatine 10:30 AM CDT 31 min read

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Date

Wednesday, April 29, 2026 astatine 10 a.m. ET

Call participants

• President and Chief Executive Officer — Kevin D. Chapman

• Executive Vice President and Chief Financial Officer — James C. Mabry

• Chief Banking Officer — David L. Meredith

Full Conference Call Transcript

I volition present crook the telephone implicit to our President and Chief Executive Officer, Kevin D. Chapman.

Kevin D. Chapman: Thank you, Kelly, and bully morning. Two years ago, we challenged ourselves by mounting aspirational goals to amended our fiscal performance. At that time, we targeted 2026 arsenic a cardinal measuring instrumentality that would amusement the fiscal benefits of our work. Frankly, the beardown results for the archetypal 4th transcend our goals. Adjusted net per stock were $0.93 successful the archetypal quarter, representing a 41% summation twelvemonth implicit year. For the quarter, adjusted instrumentality connected assets grew from 95 ground points successful 2025 to 133 ground points successful 2026. Our adjusted instrumentality connected tangible equity grew from 10.3% to 16.3%. And past of all, the ratio ratio improved from 65.5% to 55.7%.

I americium highly arrogant of our team's accomplishments to stay customer-centric portion we went done our largest merger, conversion, and integration. As we determination forward, the squad is engaged and focused connected the priorities for our institution to proceed to turn lawsuit relationships and hiring talented bankers. I volition present crook the telephone implicit to Jim to springiness much details connected the fiscal results.

James C. Mabry: Thank you, Kevin, and bully morning. Looking astatine the equilibrium sheet, loans were down $71.8 cardinal connected a linked-quarter basis, oregon 1.5% annualized. Deposits were up $626.4 cardinal from the 4th quarter, oregon 11.8% annualized. Reported nett involvement borderline decreased 2 ground points to 3.87%, portion adjusted borderline decreased 1 ground constituent to 3.61% connected a linked-quarter basis. Our adjusted full outgo of deposits decreased 3 ground points to 1.94%, portion our adjusted indebtedness yields decreased 7 ground points to 6.04%. From a superior standpoint, each regulatory superior ratios stay successful excess of required minimums to beryllium considered good capitalized.

We recorded a recognition nonaccomplishment proviso connected loans of $8.1 million, comprised of $4.2 cardinal for funded loans and $3.9 cardinal for unfunded commitments. Net charge-offs were $2.3 million, and the ACL arsenic a percent of full loans accrued 2 ground points 4th implicit 4th to 1.56%. Turning to the income statement, our adjusted pre-provision nett gross was $118.3 million. Net involvement income decreased $3.8 cardinal 4th implicit quarter. Noninterest income was $50.3 cardinal successful the archetypal quarter, a linked-quarter alteration of $0.9 million. The diminution successful noninterest income is chiefly related to the designation successful the 4th fourth of a one-time summation of $2.0 cardinal resulting from the exit of low-income lodging taxation recognition partnerships.