Renasant Corporation

Worth knowing

• Shareholders being diluted. Shares outstanding up 63% from December 2022 to July 2026.

  Renasant had 63% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Renasant had 63% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

• Stock pay outran buybacks. Stock-based pay expense $45M vs $13M spent repurchasing shares over the 3 fiscal years to 2025.

  Over three fiscal years Renasant recorded $45M of stock-based pay expense and spent $13M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Renasant recorded $45M of stock-based pay expense and spent $13M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

• Fast revenue growth. Revenue grew 49% in the 12 months to June 2026 vs the 12 months before, faster than 94% of peers.

  Revenue grew 49% in the 12 months to June 2026 vs the 12 months before, faster than 94% of its peers.

• Swings more than its peers. Beta 0.98: swings more than most peers, though less than the market.

  Renasant's shares have swung more with the market than most peers' (beta 0.98).