Exhibit



Contacts:	For Media:	For Financials:
	John Oxford	Kevin Chapman
	Senior Vice President	Executive Vice President
	Director of Marketing and Public Relations	Chief Operating and Financial Officer
	(662) 680-1219	(662) 680-1450
	joxford@renasant.com	kchapman@renasant.com

RENASANT CORPORATION ANNOUNCES

EARNINGS FOR THE THIRD QUARTER OF 2018

TUPELO, MISSISSIPPI (October 22, 2018) - Renasant Corporation (NASDAQ: RNST) (the “Company”) today announced earnings results for the three-month and nine-month periods ended September 30, 2018. Net income for the third quarter of 2018 was $32.0 million, an increase of 20.98%, as compared to $26.4 million for the third quarter of 2017. Basic and diluted earnings per share (“EPS”) were $0.61 for the third quarter of 2018, as compared to basic and diluted EPS of $0.54 and $0.53, respectively, for the third quarter of 2017.

Net income for the nine months ending September 30, 2018, was $102.5 million, an increase of 35.44%, as compared to $75.7 million for the same time period in 2017. Basic and diluted EPS were $2.03 for the first nine months of 2018, as compared to basic and diluted EPS of $1.64 for the same time period in 2017.

Brand Acquisition

The Company completed its acquisition by merger of Brand Group Holdings, Inc. (“Brand”) on September 1, 2018. As of the acquisition date, Brand operated 13 locations throughout the greater Atlanta market and, prior to purchase accounting adjustments, had approximately $2.0 billion in

assets, which included approximately $1.6 billion in loans, and approximately $1.7 billion in deposits. The Company’s balance sheet and results of operations as of and for the three and nine months ended September 30, 2018, include the impact of the Company’s acquisition of Brand since the acquisition date. The assets acquired and liabilities assumed, as presented in the table below, have been recorded at estimated fair value and are subject to change pending finalization of all valuations.



(in thousands)	September 1, 2018
Cash and cash equivalents	$	193,436
Securities	70,123
Loans including loans held for sale, net of unearned income	1,593,894
Premises and equipment	20,782
Intangible assets	343,569
Other assets	113,324
Total assets	$	2,335,128

Deposits	$	1,714,177
Borrowings	90,912
Other liabilities	95,520
	$	1,900,609

As part of the merger agreement, Brand agreed to divest the operations of its subsidiary Brand Mortgage Group, LLC (“BMG”). Prior to completing the merger, Brand had entered into an agreement to sell BMG, and the Company currently anticipates that this transaction will be completed in the fourth quarter of 2018 following the receipt of all necessary regulatory approvals. As a result, the balance sheet and results of operations of BMG are included in the Company’s results for the third quarter of 2018 since the acquisition date and will continue to be included in the Company’s balance sheet and consolidated results of operations until the sale is completed. The following table summarizes the significant assets acquired and liabilities assumed from BMG:



(in thousands)		September 1, 2018
Loans held for sale		48,100
Borrowings		34,139

Impact of Certain Expenses and Charges

The Company incurred expenses and charges in connection with certain transactions with respect to which management is unable to accurately predict the timing of when these expenses or charges

will be incurred or, when incurred, the amount of such expenses or charges. The following table presents the impact of these expenses and charges on reported earnings per share for the dates presented (in thousands, except per share data):



	Three months ended September 30, 2018						Three months ended September 30, 2017
	Pre-tax		After-tax		Impact to Diluted EPS		Pre-tax		After-tax		Impact to Diluted EPS
Merger and conversion expenses	$	11,221	$	8,857	$	0.17	$	6,266	$	4,075	$	0.09



	Nine months ended September 30, 2018						Nine months ended September 30, 2017
	Pre-tax		After-tax		Impact to Diluted EPS		Pre-tax		After-tax		Impact to Diluted EPS
Merger and conversion expenses	$	12,621	$	9,866	$	0.20	$	9,655	$	6,459	$	0.14
Debt prepayment penalty	—		—		—		205		137		—

“We are pleased with our strong results for the third quarter of 2018, which are highlighted by a stable core margin and a significant improvement in our core efficiency ratio. After excluding the impact from merger and conversion expenses associated with our recent acquisition of Brand, we once again achieved record earnings and earnings per share,” said Renasant Executive Chairman, E. Robinson McGraw. “Our successful quarter is further evidenced by our strong profitability metrics as return on average tangible assets and average tangible equity, when excluding merger and conversion expenses, have continued to improve from prior quarters.”

“As we look ahead, we anticipate strong future results as we continue to capitalize on opportunities for profitable organic balance sheet growth and focus on margin management, disciplined loan underwriting, prudent provisioning for loan losses and continued management of expenses to further improve our efficiency ratio,” said C. Mitchell Waycaster, Renasant President and Chief Executive Officer. “Additionally, we successfully completed the Brand merger during the third quarter. The integration of Brand has gone smoothly, and we expect the same for the client conversion later this quarter.”

Profitability Metrics

The following table presents the Company’s profitability metrics for the three and nine months ending September 30, 2018, including and excluding the impact of after-tax merger and conversion expenses described above.



	Three Months Ended				Nine Months Ended
	September 30, 2018				September 30, 2018
	As Reported		Excluding merger and conversion expenses (Non-GAAP)		As Reported		Excluding merger and conversion expenses (Non-GAAP)
Return on average assets	1.12	%	1.44	%	1.30	%	1.42	%
Return on average tangible assets (Non-GAAP)	1.26	%	1.59	%	1.44	%	1.57	%
Return on average equity	7.40	%	9.46	%	8.60	%	9.43	%
Return on average tangible equity (Non-GAAP)	13.65	%	17.28	%	15.42	%	16.85	%

A reconciliation of all non-GAAP financial measures disclosed in this release from GAAP to non-GAAP is included in the tables at the end of this release.

Financial Condition

Total assets were $12.7 billion at September 30, 2018, as compared to $9.8 billion at December 31, 2017.

Total loans increased to $9.1 billion at September 30, 2018, from $7.6 billion at December 31, 2017. Loans not purchased increased to $6.2 billion at September 30, 2018, from $5.6 billion at December 31, 2017. Loan production for the third quarter and first nine months of 2018 was $404 million and$1.3 billion, respectively, as compared to $370 million and $1.1 billion for the same periods, respectively, in 2017. As of the acquisition date, Brand added $1.3 billion in loans held for investment.

Total deposits increased to $10.2 billion at September 30, 2018, from $7.9 billion at December 31, 2017. Non-interest bearing deposits averaged $1.9 billion, or 22.51% of average deposits, for the first nine months of 2018, compared to $1.7 billion, or 22.40% of average deposits, for the same period in 2017. As of the acquisition date, Brand added $1.7 billion in deposits, which included $433.4 million in non-interest bearing deposits.

At September 30, 2018, Tier 1 leverage capital ratio was 9.85%, Common Equity Tier 1 ratio was 10.80%, Tier 1 risk-based capital ratio was 11.84%, and total risk-based capital ratio was 13.85%. All regulatory ratios exceed the minimums required to be considered “well-capitalized.”

Our ratio of shareholders’ equity to assets was 15.77% at September 30, 2018, as compared to 15.41% at December 31, 2017. Our tangible capital ratio (non-GAAP) was 8.80% at September 30, 2018, as compared to 9.56% at December 31, 2017.

Results of Operations

Net interest income was $99.4 million for the third quarter of 2018, as compared to $92.4 million for the second quarter of 2018 and $90.0 million for third quarter of 2017. The following table presents reported taxable equivalent net interest margin and yield on loans for the periods presented (in thousands).



	Three Months Ended
	September 30,			June 30,			September 30,
	2018			2018			2017
Taxable equivalent net interest income	$	100,880		$	93,806		$	91,935

Average earning assets	$	9,843,870		$	9,067,016		$	8,944,067

Net interest margin	4.07		%	4.15		%	4.08		%

Taxable equivalent interest income on loans	$	105,722		$	97,045		$	90,693

Average loans	$	8,228,053		$	7,704,221		$	7,375,410

Loan yield	5.10		%	5.05		%	4.88		%

The impact from interest income collected on problem loans and purchase accounting adjustments on loans to total interest income on loans, loan yield and net interest margin is shown in the following table for the periods presented (in thousands).



	Three Months Ended
	September 30,			June 30,			September 30,
	2018			2018			2017
Net interest income collected on problem loans	$	714		$	1,045		$	963
Accretable yield recognized on purchased loans⁽¹⁾	5,261			5,719			6,259
Total impact to interest income	$	5,975		$	6,764		$	7,222

Impact to loan yield	0.29		%	0.35		%	0.39		%

Impact to net interest margin	0.24		%	0.30		%	0.32		%

⁽¹⁾

Includes additional interest income recognized in connection with the acceleration of paydowns and payoffs from purchased loans of $2,570, $3,316 and $2,770 for the three months ended September 30, 2018, June 30, 2018, and September 30, 2017, respectively. This additional interest income increased loan yield by 12 basis points, 17 basis points and 15 basis points for the same periods, respectively, while increasing net interest margin by 10 basis points, 15 basis points and 12 basis points for the same periods, respectively.

Net interest income was $281.1 million for the first nine months of 2018, as compared to $243.6 million for the same period in 2017. The following table presents reported taxable equivalent net interest margin and loan yield for the periods presented (in thousands).



	Nine Months Ended
	September 30,			September 30,
	2018			2017
Taxable equivalent net interest income	$	285,493		$	249,295

Average earning assets	$	9,227,822		$	8,094,838

Net interest margin	4.14		%	4.12		%

Taxable equivalent interest income on loans	$	296,140		$	243,260

Average loans	$	7,861,883		$	6,626,848

Loan yield	5.04		%	4.91		%



	Nine Months Ended
	September 30,			September 30,
	2018			2017
Net interest income collected on problem loans	$	2,117		$	4,264
Accretable yield recognized on purchased loans⁽¹⁾	17,098			17,273
Total impact to interest income	$	19,215		$	21,537

Impact to loan yield	0.33		%	0.44		%

Impact to net interest margin	0.28		%	0.36		%

⁽¹⁾

Includes additional interest income recognized in connection with the acceleration of paydowns and payoffs from purchased loans of $9,244 and $8,185 for the nine months ended September 30, 2018 and September 30, 2017, respectively, which increased loan yield by 16 basis points and 17 basis points for the same periods, respectively, while increasing net interest margin by 13 basis points and 14 basis points for the same periods, respectively.

For the third quarter of 2018, the cost of total deposits was 60 basis points, as compared to 52 basis points for the second quarter of 2018 and 33 basis points in the third quarter of 2017. The cost of total deposits was 51 basis points for the first nine months of 2018, as compared to 31 basis points for the same time period in 2017. The following tables present the mix and cost of all funding sources for the three and nine months ended September 30, 2018 and 2017 as well as for the three months ending June 30, 2018.



	Percentage of Total Average Deposits and Borrowed Funds						Cost of Funds
	Three Months Ending						Three Months Ending
	September 30,		June 30,		September 30,		September 30,		June 30,		September 30,
	2018		2018		2017		2018		2018		2017
Noninterest-bearing demand	21.68	%	21.43	%	21.30	%	—	%	—	%	—	%
Interest-bearing demand	45.01		46.51		44.55		0.62		0.54		0.28
Savings	6.31		6.80		6.63		0.15		0.15		0.07
Time deposits	21.73		21.48		20.89		1.29		1.12		0.87
Borrowed funds	5.27		3.78		6.63		3.82		3.98		2.65
Total deposits and borrowed funds	100.00	%	100.00	%	100.00	%	0.77	%	0.65	%	0.49	%



	Percentage of Total Average Deposits and Borrowed Funds				Cost of Funds
	Nine Months Ending				Nine Months Ending
	September 30,		September 30,		September 30,		September 30,
	2018		2017		2018		2017
Noninterest-bearing demand	21.55	%	21.36	%	—	%	—	%
Interest-bearing demand	45.91		45.33		0.51		0.24
Savings	6.65		7.23		0.14		0.07
Time deposits	21.60		21.43		1.15		0.84
Borrowed funds	4.29		4.65		3.91		3.38
Total deposits and borrowed funds	100.00	%	100.00	%	0.66	%	0.45	%

Noninterest income for the third quarter of 2018 was $38.1 million, as compared to $35.6 million for the second quarter of 2018 and $33.4 million for the third quarter of 2017. Noninterest income for the first nine months of 2018 was $107.6 million, as compared to $99.7 million for the same period in 2017. The linked quarter increase is primarily attributable to the Brand acquisition. Mortgage banking income for the third quarter of 2018 was $14.4 million, compared to $12.8 million for the second quarter of 2018 and $10.6 million for the third quarter of 2017. Mortgage banking income for the first nine months of 2018 was $38.1 million, as compared to $33.5 million for the same period in 2017. BMG contributed $1.7 million to mortgage banking income during the three and nine months ended September 30, 2018.

Noninterest expense was $94.7 million for the third quarter of 2018, as compared to $79.0 million for the second quarter of 2018 and $80.7 million for the third quarter of 2017. Noninterest expense for the first nine months of 2018 was $251.7 million, as compared to $224.8 million for the same period in 2017. Noninterest expense for the three and nine months ended September 30, 2018 includes $2.0 million attributable to BMG.

Excluding charges for merger and conversion expenses, amortization of intangible assets and losses on the sale of securities, the Company’s efficiency ratio (non-GAAP) was 58.84% and 59.55% for

the third quarter and first nine months of 2018, respectively, which exceeded the Company’s goal of maintaining an efficiency ratio below 60%.

Asset Quality Metrics

Total nonperforming assets were $38.9 million at September 30, 2018, as compared to $39.4 million at December 31, 2017, and at September 30, 2018, consisted of $26.3 million in nonperforming loans (loans 90 days or more past due and nonaccrual loans) and $12.6 million in other real estate owned (“OREO”).

The Company’s nonperforming loans and OREO that were purchased in previous acquisitions (collectively referred to as “purchased nonperforming assets”) were $12.8 million and $7.9 million, respectively, at September 30, 2018, as compared to $10.2 million and $11.5 million, respectively, at December 31, 2017. The purchased nonperforming assets were recorded at fair value at the time of acquisition, which significantly mitigates the Company’s actual loss. As such, the remaining information in this release on nonperforming loans, OREO and the related asset quality ratios focuses on non-purchased nonperforming assets.


•	Non-purchased nonperforming loans were $13.5 million, or 0.22% of total non-purchased loans, at September 30, 2018, as compared to $13.3 million, or 0.24% of total non-purchased loans, at December 31, 2017. Early stage delinquencies, or loans 30-to-89 days past due, as a percentage of total loans were 0.24% at September 30, 2018, as compared to 0.30% at December 31, 2017.


•	Non-purchased OREO was $4.7 million at September 30, 2018, as compared to $4.4 million at December 31, 2017. OREO sales totaled $1.3 million in the first nine months of 2018.


•	The allowance for loan losses was 0.53% of total loans at September 30, 2018 and 0.61% of total loans at December 31, 2017. The allowance for loan losses was 0.78% of non-purchased loans at September 30, 2018, as compared to 0.83% at December 31, 2017.


•	Net loan charge-offs were $995 thousand, or 0.05% of average total loans on an annualized basis, for the third quarter of 2018, as compared to $1.8 million, or 0.10% of average total loans on an annualized basis, for the third quarter of 2017.


•	The provision for loan losses was $2.3 million for the third quarter of 2018 and $2.2 million for the third quarter of 2017. The provision was $5.8 million for the first nine months of 2018, as compared to $5.4 million for the same time period in 2017.

CONFERENCE CALL INFORMATION:

A live audio webcast of a conference call with analysts will be available beginning at 10:00 AM Eastern Time on Tuesday, October 23, 2018.

The webcast can be accessed through Renasant's investor relations website at www.renasant.com or https://services.choruscall.com/links/rnst181023.html. To access the conference via telephone,

dial 1-877-513-1143 in the United States and request the Renasant Corporation Third Quarter Earnings Webcast and Conference Call. International participants should dial 1-412-902-4145 to access the conference call.

The webcast will be archived on www.renasant.com beginning one hour after the call and will remain accessible for one year. Replays can also be accessed via telephone by dialing 1-877-344-7529 in the United States and entering conference number 10125038 or by dialing 1-412-317-0088 internationally and entering the same conference number. Telephone replay access is available until November 6, 2018.

ABOUT RENASANT CORPORATION:

Renasant Corporation is the parent of Renasant Bank, a 114-year-old financial services institution. Renasant has assets of approximately $12.7 billion and operates more than 190 banking, mortgage, wealth management and insurance offices in Mississippi, Tennessee, Alabama, Florida and Georgia.

NOTE TO INVESTORS:

This press release may contain, or incorporate by reference, statements which may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward looking statements usually include words such as “expects,” “projects,” “anticipates,” “believes,” “intends,” “estimates,” “strategy,” “plan,” “potential,” “possible,” “approximately,” “should” and variations of such words and other similar expressions.

Prospective investors are cautioned that any such forward-looking statements are not guarantees for future performance and involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include significant fluctuations in interest rates, inflation, economic recession, significant changes in the federal and state legal and regulatory environment, significant underperformance in the Company’s portfolio of outstanding loans, and competition in the Company’s markets. Management believes that the assumptions underlying the Company’s forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate. Investors are urged to carefully consider the risks described in the Company’s filings with the Securities and Exchange Commission (the “SEC”) from time to time, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.renasant.com and the SEC’s website at www.sec.gov. The Company expressly disclaims any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

NON-GAAP FINANCIAL MEASURES:

In addition to results presented in accordance with generally accepted accounting principles in the United States of America (GAAP), this press release contains non-GAAP financial measures, namely, return on average tangible shareholders’ equity, return on average tangible assets, the ratio of tangible equity to tangible assets (commonly referred to as the “tangible capital ratio”) and the efficiency ratio. These non-GAAP financial measures adjust GAAP financial measures to exclude intangible assets and certain charges (such as merger and conversion expenses and debt prepayment penalties) with respect to which the Company is unable to accurately predict the timing of when these charges will be incurred or, when incurred, the amount

thereof. Management uses these non-GAAP financial measures when evaluating capital utilization and adequacy. In addition, the Company believes that these non-GAAP financial measures facilitate the making of period-to-period comparisons and are meaningful indications of its operating performance, particularly because these measures are widely used by industry analysts for companies with merger and acquisition activities. Also, because intangible assets, such as goodwill and the core deposit intangible, and charges such as merger and conversion expenses can vary extensively from company to company and, as to intangible assets, are excluded from the calculation of a financial institution’s regulatory capital, the Company believes that the presentation of this non-GAAP financial information allows readers to more easily compare the Company’s results to information provided in other regulatory reports and the results of other companies. Reconciliations of these other non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the table at the end of this release under the caption “Reconciliation of GAAP to Non-GAAP.”

None of the non-GAAP financial information that the Company has included in this release is intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP. Investors should note that, because there are no standardized definitions for the calculations as well as the results, the Company’s calculations may not be comparable to similarly titled measures presented by other companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure.

###



RENASANT CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
																								Q3 2018 -		For The Nine Months Ending
		2018										2017												Q3 2017		September 30,
			Third			Second			First			Fourth			Third			Second			First			Percent								Percent
			Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Variance		2018			2017			Variance
Statement of earnings
Interest income - taxable equivalent basis			$	119,236		$	107,991		$	101,947		$	107,773		$	102,613		$	89,429		$	83,781		16.20		$	329,174		$	275,823		19.34
Interest income			$	117,795		$	106,574		$	100,380		$	104,587		$	100,695		$	87,579		$	81,889		16.98		$	324,749		$	270,163		20.20
Interest expense			18,356			14,185			11,140			11,325			10,678			7,976			7,874			71.90		43,681			26,528			64.66
	Net interest income		99,439			92,389			89,240			93,262			90,017			79,603			74,015			10.47		281,068			243,635			15.36
Provision for loan losses			2,250			1,810			1,750			2,150			2,150			1,750			1,500			4.65		5,810			5,400			7.59
	Net interest income after provision		97,189			90,579			87,490			91,112			87,867			77,853			72,515			10.61		275,258			238,235			15.54
Service charges on deposit accounts			8,847			8,271			8,473			8,659			8,676			7,958			7,931			1.97		25,591			24,565			4.18
Fees and commissions on loans and deposits			5,944			5,917			5,685			5,647			5,618			5,470			5,199			5.80		17,546			16,287			7.73
Insurance commissions and fees			2,461			2,110			2,005			1,955			2,365			2,181			1,860			4.06		6,576			6,406			2.65
Wealth management revenue			3,386			3,446			3,262			3,000			2,963			3,037			2,884			14.28		10,094			8,884			13.62
Securities gains (losses)			(16		)	—			—			91			57			—			—			(128.07	)	(16		)	57			(128.07	)
Mortgage banking income			14,350			12,839			10,960			9,871			10,616			12,424			10,504			35.17		38,149			33,544			13.73
Other			3,081			2,998			3,568			3,218			3,118			3,195			3,643			(1.19	)	9,647			9,956			(3.10	)
	Total noninterest income		38,053			35,581			33,953			32,441			33,413			34,265			32,021			13.89		107,587			99,699			7.91
Salaries and employee benefits			55,187			52,010			48,784			48,787			48,530			45,014			42,209			13.72		155,981			135,753			14.90
Data processing			4,614			4,600			4,244			4,226			4,179			3,835			4,234			10.41		13,458			12,248			9.88
Occupancy and equipment			10,668			9,805			9,822			10,153			9,470			8,814			9,319			12.65		30,295			27,603			9.75
Other real estate			278			232			657			554			603			781			532			(53.90	)	1,167			1,916			(39.09	)
Amortization of intangibles			1,765			1,594			1,651			1,708			1,766			1,493			1,563			(0.06	)	5,010			4,822			3.90
Merger and conversion related expenses			11,221			500			900			723			6,266			3,044			345			79.08		12,621			9,655			30.72
Debt extinguishment penalty			—			—			—			—			—			—			205			—		—			205			(100.00	)
Other			11,013			10,285			11,886			10,657			9,846			11,860			10,902			11.85		33,184			32,608			1.77
	Total noninterest expense		94,746			79,026			77,944			76,808			80,660			74,841			69,309			17.46		251,716			224,810			11.97
Income before income taxes			40,496			47,134			43,499			46,745			40,620			37,277			35,227			(0.31	)	131,129			113,124			15.92
Income taxes			8,532			10,424			9,673			30,234			14,199			11,993			11,255			(39.91	)	28,629			37,447			(23.55	)
	Net income		$	31,964		$	36,710		$	33,826		$	16,511		$	26,421		$	25,284		$	23,972		20.98		$	102,500		$	75,677		35.44
Basic earnings per share			$	0.61		$	0.74		$	0.69		$	0.33		$	0.54		$	0.57		$	0.54		12.96		$	2.03		$	1.64		23.78
Diluted earnings per share			0.61			0.74			0.68			0.33			0.53			0.57			0.54			15.09		2.03			1.64			23.78
Average basic shares outstanding			52,472,971			49,413,754			49,356,417			49,320,377			49,316,572			44,415,423			44,364,337			6.40		50,425,797			46,050,250			9.50
Average diluted shares outstanding			52,609,902			49,549,761			49,502,950			49,456,289			49,435,225			44,523,541			44,480,499			6.42		50,553,191			46,167,764			9.50
Common shares outstanding			58,743,814			49,424,339			49,392,978			49,321,231			49,320,225			44,430,335			44,394,707			19.11		58,743,814			49,320,225			19.11
Cash dividend per common share			$	0.20		$	0.20		$	0.19		$	0.19		$	0.18		$	0.18		$	0.18		11.11		$	0.59		$	0.54		9.26
Performance ratios
Return on avg shareholders' equity			7.40		%	9.55		%	9.00		%	4.31		%	7.01		%	8.06		%	7.80		%			8.60		%	7.58		%
Return on avg tangible s/h's equity (1)			13.65		%	16.75		%	16.02		%	7.94		%	12.74		%	13.76		%	13.48		%			15.42		%	13.30		%
Return on avg assets			1.12		%	1.42		%	1.36		%	0.64		%	1.02		%	1.16		%	1.11		%			1.30		%	1.09		%
Return on avg tangible assets (2)			1.26		%	1.57		%	1.51		%	0.73		%	1.13		%	1.28		%	1.23		%			1.44		%	1.21		%
Net interest margin (FTE)			4.07		%	4.15		%	4.20		%	4.25		%	4.08		%	4.27		%	4.01		%			4.14		%	4.12		%
Yield on earning assets (FTE)			4.81		%	4.78		%	4.72		%	4.75		%	4.55		%	4.68		%	4.43		%			4.77		%	4.56		%
Cost of funding			0.77		%	0.65		%	0.53		%	0.52		%	0.49		%	0.43		%	0.43		%			0.66		%	0.45		%
Average earning assets to average assets			87.29		%	87.67		%	87.12		%	86.92		%	87.03		%	87.81		%	87.55		%			87.36		%	87.44		%
Average loans to average deposits			91.74		%	91.84		%	94.04		%	93.51		%	90.96		%	88.03		%	86.81		%			92.50		%	88.72		%
Noninterest income (less securities gains/
	losses) to average assets		1.34		%	1.38		%	1.37		%	1.25		%	1.29		%	1.58		%	1.48		%			1.36		%	1.44		%
Noninterest expense (less debt prepayment penalties/
	penalties/merger-related expenses) to
	average assets		2.94		%	3.05		%	3.11		%	2.94		%	2.87		%	3.30		%	3.18		%			3.03		%	3.10		%
Net overhead ratio			1.60		%	1.67		%	1.74		%	1.69		%	1.58		%	1.72		%	1.70		%			1.67		%	1.66		%
Efficiency ratio (FTE) (4)			58.84		%	59.46		%	60.43		%	57.75		%	57.97		%	60.75		%	62.26		%			59.55		%	60.22		%



RENASANT CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
																								Q3 2018 -		For The Nine Months Ending
		2018										2017												Q3 2017		September 30,
			Third			Second			First			Fourth			Third			Second			First			Percent								Percent
			Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Variance		2018			2017			Variance
Average Balances
Total assets			$	11,276,587		$	10,341,863		$	10,055,755		$	10,254,774		$	10,277,476		$	8,720,660		$	8,759,448		9.72		$	10,562,540		$	9,258,088		14.09
Earning assets			9,843,870			9,067,016			8,760,679			8,913,675			8,944,067			7,657,849			7,668,582			10.06		9,227,822			8,094,838			14.00
Securities			1,129,010			1,039,947			833,076			1,043,075			1,147,157			1,069,244			1,043,697			(1.58	)	1,001,762			1,087,078			(7.85	)
Loans held for sale			297,692			209,652			152,299			188,795			226,512			168,650			112,105			31.42		220,413			169,508			30.03
Loans, net of unearned			8,228,053			7,704,221			7,646,991			7,535,199			7,375,410			6,293,497			6,198,705			11.56		7,861,883			6,626,848			18.64
Intangibles			743,567			633,155			634,898			636,533			636,977			492,349			493,816			16.73		670,938			541,571			23.89
Noninterest-bearing deposits			$	2,052,226		$	1,867,925		$	1,817,848		$	1,877,789		$	1,849,396		$	1,608,467		$	1,558,809		10.97		$	1,913,525		$	1,673,289		14.36
Interest-bearing deposits			6,916,699			6,521,123			6,314,114			6,180,075			6,259,249			5,540,698			5,581,853			10.50		6,586,186			5,796,415			13.63
Total deposits			8,968,925			8,389,048			8,131,962			8,057,864			8,108,645			7,149,165			7,140,662			10.61		8,499,711			7,469,704			13.79
Borrowed funds			499,054			329,287			314,228			579,920			575,816			233,542			282,008			(13.33	)	381,533			364,865			4.57
Shareholders' equity			1,712,757			1,542,071			1,523,873			1,518,131			1,495,591			1,258,935			1,246,903			14.52		1,593,592			1,334,721			19.40


																								Q3 2018 -		As of
		2018										2017												Q4 2017		September 30,
			Third			Second			First			Fourth			Third			Second			First			Percent								Percent
			Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Variance		2018			2017			Variance
Balances at period end
Total assets			$	12,746,939		$	10,544,475		$	10,238,313		$	9,829,981		$	10,323,687		$	8,872,272		$	8,764,711		29.67		$	12,746,939		$	10,323,687		23.47
Earning assets			10,962,958			9,239,200			8,938,117			8,493,741			8,943,570			7,763,775			7,690,045			29.07		10,962,958			8,943,570			22.58
Securities			1,177,606			1,088,779			948,365			671,488			1,150,459			1,076,625			1,044,862			75.37		1,177,606			1,150,459			2.36
Loans held for sale			463,287			245,046			204,472			108,316			207,288			232,398			158,619			327.72		463,287			207,288			123.50
Non purchased loans			6,210,238			6,057,766			5,830,122			5,588,556			5,293,467			5,058,898			4,834,085			11.12		6,210,238			5,293,467			17.32
Purchased loans			2,912,669			1,709,891			1,867,948			2,031,766			2,155,141			1,312,109			1,401,720			43.36		2,912,669			2,155,141			35.15
	Total loans		9,122,907			7,767,657			7,698,070			7,620,322			7,448,608			6,371,007			6,235,805			19.72		9,122,907			7,448,608			22.48
Intangibles			974,115			632,311			633,905			635,556			637,264			491,552			493,045			53.27		974,115			637,264			52.86
Noninterest-bearing deposits			$	2,359,859		$	1,888,561		$	1,861,136		$	1,840,424		$	1,835,300		$	1,642,863		$	1,579,581		28.22		$	2,359,859		$	1,835,300		28.58
Interest-bearing deposits			7,812,089			6,492,159			6,496,633			6,080,651			6,283,218			5,559,162			5,651,269			28.47		7,812,089			6,283,218			24.33
	Total deposits		10,171,948			8,380,720			8,357,769			7,921,075			8,118,518			7,202,025			7,230,850			28.42		10,171,948			8,118,518			25.29
Borrowed funds			439,516			520,747			265,191			297,360			591,933			312,077			202,006			47.81		439,516			591,933			(25.75	)
Shareholders' equity			2,010,711			1,558,668			1,532,765			1,514,983			1,511,826			1,271,786			1,251,065			32.72		2,010,711			1,511,826			33.00
Market value per common share			$	41.21		$	45.52		$	42.56		$	40.89		$	42.90		$	43.74		$	39.69		0.78		$	41.21		$	42.90		(3.94	)
Book value per common share			34.23			31.54			31.03			30.72			30.65			28.62			28.18			11.43		34.23			30.65			11.68
Tangible book value per common share			17.65			18.74			18.20			17.83			17.73			17.56			17.07			(1.01	)	17.65			17.73			(0.45	)
Shareholders' equity to assets (actual)			15.77		%	14.78		%	14.97		%	15.41		%	14.64		%	14.33		%	14.27		%			15.77		%	14.64		%
Tangible capital ratio (3)			8.80		%	9.35		%	9.36		%	9.56		%	9.03		%	9.31		%	9.16		%			8.80		%	9.03		%
Leverage ratio			9.85		%	10.63		%	10.61		%	10.18		%	10.05		%	10.68		%	10.39		%			9.85		%	10.05		%
Common equity tier 1 capital ratio			10.80		%	11.71		%	11.38		%	11.34		%	11.21		%	11.65		%	11.69		%			10.80		%	11.21		%
Tier 1 risk-based capital ratio			11.84		%	12.73		%	12.41		%	12.39		%	12.26		%	12.86		%	12.93		%			11.84		%	12.26		%
Total risk-based capital ratio			13.85		%	14.75		%	14.44		%	14.46		%	14.30		%	15.00		%	15.11		%			13.85		%	14.30		%



RENASANT CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
																							Q3 2018 -		As of
	2018										2017												Q4 2017		September 30,
		Third			Second			First			Fourth			Third			Second			First			Percent								Percent
		Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Variance		2018			2017			Variance
Non purchased loans
Commercial, financial, agricultural		$	817,799		$	790,363		$	803,146		$	763,823		$	707,835		$	657,713		$	626,237		7.07		$	817,799		$	707,835		15.54
Lease Financing		54,272			52,423			52,536			54,013			51,902			49,066			47,816			0.48		54,272			51,902			4.57
Real estate- construction		624,892			642,380			582,430			547,658			477,638			424,861			378,061			14.10		624,892			477,638			30.83
Real estate - 1-4 family mortgages		2,000,770			1,912,450			1,785,271			1,729,534			1,644,060			1,551,934			1,485,663			15.68		2,000,770			1,644,060			21.70
Real estate - commercial mortgages		2,609,510			2,554,955			2,503,680			2,390,076			2,311,340			2,281,220			2,203,639			9.18		2,609,510			2,311,340			12.90
Installment loans to individuals		102,995			105,195			103,059			103,452			100,692			94,104			92,669			(0.44	)	102,995			100,692			2.29
Loans, net of unearned		$	6,210,238		$	6,057,766		$	5,830,122		$	5,588,556		$	5,293,467		$	5,058,898		$	4,834,085		11.12		$	6,210,238		$	5,293,467		17.32
Purchased loans
Commercial, financial, agricultural		$	495,545		$	197,455		$	243,672		$	275,570		$	301,100		$	102,869		$	115,229		79.83		$	495,545		$	301,100		64.58
Lease Financing		—			—			—			—			—			—			—			—		—			—			—
Real estate- construction		112,093			70,438			75,061			85,731			100,082			35,946			35,673			30.75		112,093			100,082			12.00
Real estate - 1-4 family mortgages		761,913			520,649			572,830			614,187			651,792			400,460			431,904			24.05		761,913			651,792			16.90
Real estate - commercial mortgages		1,503,075			906,219			960,273			1,037,454			1,079,049			759,743			804,790			44.88		1,503,075			1,079,049			39.30
Installment loans to individuals		40,043			15,130			16,112			18,824			23,118			13,091			14,124			112.72		40,043			23,118			73.21
Loans, net of unearned		$	2,912,669		$	1,709,891		$	1,867,948		$	2,031,766		$	2,155,141		$	1,312,109		$	1,401,720		43.36		$	2,912,669		$	2,155,141		35.15
Asset quality data
Non purchased assets
Nonaccrual loans		$	9,696		$	8,921		$	9,403		$	10,250		$	9,970		$	11,413		$	12,629		(5.40	)	$	9,696		$	9,970		(2.75	)
Loans 90 past due or more		3,806			2,190			3,605			3,015			3,295			1,283			2,175			26.24		3,806			3,295			15.51
Nonperforming loans		13,502			11,111			13,008			13,265			13,265			12,696			14,804			1.79		13,502			13,265			1.79
Other real estate owned		4,665			4,698			4,801			4,410			4,524			4,305			5,056			5.78		4,665			4,524			3.12
Nonperforming assets not purchased		$	18,167		$	15,809		$	17,809		$	17,675		$	17,789		$	17,001		$	19,860		2.78		$	18,167		$	17,789		2.12
Purchased assets
Nonaccrual loans		$	4,809		$	4,561		$	5,340		$	4,424		$	4,868		$	5,927		$	8,495		8.70		$	4,809		$	4,868		(1.21	)
Loans 90 past due or more		7,960			5,491			4,564			5,731			7,349			8,128			11,897			38.89		7,960			7,349			8.31
Nonperforming loans		12,769			10,052			9,904			10,155			12,217			14,055			20,392			25.74		12,769			12,217			4.52
Other real estate owned		7,932			9,006			9,754			11,524			13,296			15,409			16,266			(31.17	)	7,932			13,296			(40.34	)
Nonperforming assets purchased		$	20,701		$	19,058		$	19,658		$	21,679		$	25,513		$	29,464		$	36,658		(4.51	)	$	20,701		$	25,513		(18.86	)
Net loan charge-offs (recoveries)		$	995		$	856		$	1,560		$	470		$	1,768		$	524		$	1,314		111.70		$	3,411		$	3,606		(5.41	)
Allowance for loan losses		$	48,610		$	47,355		$	46,401		$	46,211		$	44,531		$	44,149		$	42,923		5.19		$	48,610		$	44,531		9.16
Annualized net loan charge-offs / average loans		0.05		%	0.04		%	0.08		%	0.02		%	0.10		%	0.03		%	0.09		%			0.06		%	0.07		%
Nonperforming loans / total loans*		0.29		%	0.27		%	0.30		%	0.31		%	0.34		%	0.42		%	0.56		%			0.29		%	0.34		%
Nonperforming assets / total assets*		0.30		%	0.33		%	0.37		%	0.40		%	0.42		%	0.52		%	0.64		%			0.30		%	0.42		%
Allowance for loan losses / total loans*		0.53		%	0.61		%	0.60		%	0.61		%	0.60		%	0.69		%	0.69		%			0.53		%	0.60		%
Allowance for loan losses / nonperforming loans*		185.03		%	223.76		%	202.52		%	197.31		%	174.75		%	165.04		%	121.95		%			185.03		%	174.75		%
Nonperforming loans / total loans**		0.22		%	0.18		%	0.22		%	0.24		%	0.25		%	0.25		%	0.31		%			0.22		%	0.25		%
Nonperforming assets / total assets**		0.14		%	0.15		%	0.17		%	0.18		%	0.17		%	0.19		%	0.23		%			0.14		%	0.17		%
Allowance for loan losses / total loans**		0.78		%	0.78		%	0.80		%	0.83		%	0.84		%	0.87		%	0.89		%			0.78		%	0.84		%
Allowance for loan losses / nonperforming loans**		360.02		%	426.20		%	356.71		%	348.37		%	335.70		%	347.74		%	289.94		%			360.02		%	335.70		%
*Based on all assets (includes purchased assets)
**Excludes all purchased assets



RENASANT CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)

	Three Months Ending																		For The Nine Months Ending
	September 30, 2018						June 30, 2018						September 30, 2017						September 30, 2018						September 30, 2017
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Assets
Interest-earning assets:
Loans
Non purchased	$	6,140,386	$	73,662	4.76	%	$	5,920,430	$	69,737	4.72	%	$	5,095,445	$	57,560	4.48	%	$	5,918,328	$	208,011	4.70	%	$	4,930,254	$	163,530	4.43	%
Purchased	2,087,667		32,060		6.09	%	1,783,791		27,308		6.14		2,279,965		33,133		5.77	%	1,943,555		88,129		6.06		1,696,594		79,730		6.28	%
Total loans	8,228,053		105,722		5.10	%	7,704,221		97,045		5.05		7,375,410		90,693		4.88	%	7,861,883		296,140		5.04		6,626,848		243,260		4.91	%
Loans held for sale	297,692		3,663		4.88	%	209,652		2,381		4.56		226,512		2,419		4.24	%	220,413		7,714		4.68		169,508		5,399		4.26	%
Securities:
Taxable⁽¹⁾	914,380		6,574		2.85	%	819,004		5,638		2.76		807,001		4,758		2.34	%	781,136		16,127		2.76		750,141		13,168		2.35	%
Tax-exempt	214,630		2,283		4.22	%	220,943		2,358		4.28		340,156		4,046		4.72	%	220,626		7,047		4.27		336,937		12,234		4.85	%
Total securities	1,129,010		8,857		3.11	%	1,039,947		7,996		3.08		1,147,157		8,804		3.04	%	1,001,762		23,174		3.09		1,087,078		25,402		3.12	%
Interest-bearing balances with banks	189,115		994		2.09	%	113,196		569		2.02		194,988		697		1.42	%	143,764		2,146		2.00		211,404		1,762		1.11	%
Total interest-earning assets	9,843,870		119,236		4.81	%	9,067,016		107,991		4.78		8,944,067		102,613		4.55	%	9,227,822		329,174		4.77		8,094,838		275,823		4.56	%
Cash and due from banks	154,171						158,173						152,654						158,462						133,846
Intangible assets	743,567						633,155						636,977						670,938						541,571
Other assets	534,979						483,519						543,778						505,318						487,833
Total assets	$	11,276,587					$	10,341,863					$	10,277,476					$	10,562,540					$	9,258,088
Liabilities and shareholders’ equity
Interest-bearing liabilities:
Deposits:
Interest-bearing demand⁽²⁾	4,261,946		6,629		0.62	%	4,054,909		5,441		0.54		3,869,297		2,757		0.28	%	4,077,502		15,477		0.51		3,551,102		6,487		0.24	%
Savings deposits	597,343		233		0.15	%	593,227		227		0.15		575,684		101		0.07	%	590,647		612		0.14		566,148		295		0.07	%
Time deposits	2,057,410		6,694		1.29	%	1,872,987		5,251		1.12		1,814,268		3,976		0.87	%	1,918,037		16,445		1.15		1,679,165		10,515		0.84	%
Total interest-bearing deposits	6,916,699		13,556		0.78	%	6,521,123		10,919		0.67		6,259,249		6,834		0.43	%	6,586,186		32,534		0.66		5,796,415		17,297		0.40	%
Borrowed funds	499,054		4,800		3.82	%	329,287		3,266		3.98		575,816		3,844		2.65	%	381,533		11,147		3.91		364,865		9,231		3.38	%
Total interest-bearing liabilities	7,415,753		18,356		0.98	%	6,850,410		14,185		0.83		6,835,065		10,678		0.62	%	6,967,719		43,681		0.84		6,161,280		26,528		0.58	%
Noninterest-bearing deposits	2,052,226						1,867,925						1,849,396						1,913,525						1,673,289
Other liabilities	95,851						81,457						97,424						87,704						88,798
Shareholders’ equity	1,712,757						1,542,071						1,495,591						1,593,592						1,334,721
Total liabilities and shareholders’ equity	$	11,276,587					$	10,341,863					$	10,277,476					$	10,562,540					$	9,258,088
Net interest income/ net interest margin			$	100,880	4.07	%			$	93,806	4.15	%			$	91,935	4.08	%			$	285,493	4.14	%			$	249,295	4.12	%
Cost of funding					0.77						0.65						0.49						0.66						0.45
Cost of total deposits					0.60						0.52						0.33						0.51						0.31

⁽¹⁾ U.S. Government and some U.S. Government Agency securities are tax-exempt in the states in which we operate.
⁽²⁾ Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.



RENASANT CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
											RECONCILIATION OF GAAP TO NON-GAAP
																							Nine Months Ended
		2018									2017												September 30,
		Third			Second			First			Fourth			Third			Second			First
		Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			2018			2017
Net income (GAAP)		$	31,964		$	36,710		$	33,826		$	16,511		$	26,421		$	25,284		$	23,972		$	102,500		$	75,677
	Amortization of intangibles, net of tax	1,393			1,241			1,284			1,133			1,149			1,013			1,064			3,916			3,226
Tangible net income (non-GAAP)		$	33,357		$	37,951		$	35,110		$	17,644		$	27,570		$	26,297		$	25,036		$	106,416		$	78,903

Net income (GAAP)		$	31,964		$	36,710		$	33,826		16,511			$	26,421		$	25,284		$	23,972		$	102,500		$	75,677
	Merger & conversion expenses, net of tax	8,857			389			700			479			4,075			2,065			235			9,866			6,459
	Debt prepayment penalties, net of tax	—			—			—			—			—			—			140			—			137
	Write-down of net deferred tax assets				—			—			14,486			—			—			—			—			—
Net income with exclusions (non-GAAP)		$	40,821		$	37,099		$	34,526		$	31,476		$	30,496		$	27,349		$	24,347		$	112,366		$	82,273

Average shareholders' equity (GAAP)		$	1,712,757		$	1,542,071		$	1,523,873		$	1,518,131		$	1,495,591		$	1,258,935		$	1,246,903		$	1,593,592		$	1,334,721
	Intangibles	743,567			633,155			634,898			636,533			636,977			492,349			493,816			670,938			541,571
Average tangible s/h's equity (non-GAAP)		$	969,190		$	908,916		$	888,975		$	881,598		$	858,614		$	766,586		$	753,087		$	922,654		$	793,150

Average total assets (GAAP)		$	11,276,587		$	10,341,863		$	10,055,755		$	10,254,774		$	10,277,476		$	8,720,660		$	8,759,448		$	10,562,540		$	9,258,088
	Intangibles	743,567			633,155			634,898			636,533			636,977			492,349			493,816			670,938			541,571
Average tangible assets (non-GAAP)		$	10,533,020		$	9,708,708		$	9,420,857		$	9,618,241		$	9,640,499		$	8,228,311		$	8,265,632		$	9,891,602		$	8,716,517

Actual shareholders' equity (GAAP)		$	2,010,711		$	1,558,668		$	1,532,765		$	1,514,983		$	1,511,826		$	1,271,786		$	1,251,065		$	2,010,711		$	1,511,826
	Intangibles	974,115			632,311			633,905			635,556			637,264			491,552			493,045			974,115			637,264
Actual tangible s/h's equity (non-GAAP)		$	1,036,596		$	926,357		$	898,860		$	879,427		$	874,562		$	780,234		$	758,020		$	1,036,595		$	874,562

Actual total assets (GAAP)		$	12,746,939		$	10,544,475		$	10,238,313		$	9,829,981		$	10,323,687		$	8,872,272		$	8,764,711		$	12,746,939		$	10,323,687
	Intangibles	974,115			632,311			633,905			635,556			637,264			491,552			493,045			974,115			637,264
Actual tangible assets (non-GAAP)		$	11,772,824		$	9,912,164		$	9,604,408		$	9,194,425		$	9,686,423		$	8,380,720		$	8,271,666		$	11,772,823		$	9,686,423

(1) Return on Average Equity
Return on avg s/h's equity (GAAP)		7.40		%	9.55		%	9.00		%	4.31		%	7.01		%	8.06		%	7.80		%	8.60		%	7.58		%
	Effect of adjustment for intangible assets	6.25		%	7.20		%	7.02		%	3.63		%	5.73		%	5.70		%	5.68		%	6.82		%	5.72		%
Return on avg tangible s/h's equity (non-GAAP)		13.65		%	16.75		%	16.02		%	7.94		%	12.74		%	13.76		%	13.48		%	15.42		%	13.30		%

Return on avg s/h's equity (GAAP)		7.40		%	9.55		%	9.00		%	4.31		%	7.01		%	8.06		%	7.80		%	8.60		%	7.58		%
	Effect of exclusions from net income	2.06		%	0.10		%	0.19		%	3.92		%	1.08		%	0.65		%	0.12		%	0.83		%	0.66		%
Return on avg s/h's equity with excl. (non-GAAP)		9.46		%	9.65		%	9.19		%	8.23		%	8.09		%	8.71		%	7.92		%	9.43		%	8.24		%
	Effect of adjustment for intangible assets	7.82		%	7.27		%	7.15		%	6.44		%	6.53		%	6.13		%	5.76		%	7.42		%	6.17		%
Return on avg tangible s/h's equity with exclusions (non-GAAP)		17.28		%	16.92		%	16.34		%	14.67		%	14.62		%	14.84		%	13.68		%	16.85		%	14.41		%

(2) Return on Average Assets
Return on avg assets (GAAP)		1.12		%	1.42		%	1.36		%	0.64		%	1.02		%	1.16		%	1.11		%	1.30		%	1.09		%
	Effect of adjustment for intangible assets	0.14		%	0.15		%	0.15		%	0.09		%	0.11		%	0.12		%	0.12		%	0.14		%	0.12		%
Return on avg tangible assets (non-GAAP)		1.26		%	1.57		%	1.51		%	0.73		%	1.13		%	1.28		%	1.23		%	1.44		%	1.21		%

Return on avg assets (GAAP)		1.12		%	1.42		%	1.36		%	0.64		%	1.02		%	1.16		%	1.11		%	1.30		%	1.09		%
	Effect of exclusions from net income	0.32		%	0.02		%	0.03		%	0.58		%	0.16		%	0.10		%	0.02		%	0.12		%	0.10		%
Return on avg assets with exclusions (non-GAAP)		1.44		%	1.44		%	1.39		%	1.22		%	1.18		%	1.26		%	1.13		%	1.42		%	1.19		%
	Effect of adjustment for intangible assets	0.15		%	0.14		%	0.15		%	0.13		%	0.12		%	0.12		%	0.12		%	0.15		%	0.12		%
Return on avg tangible assets with exclusions (non-GAAP)		1.59		%	1.58		%	1.54		%	1.35		%	1.30		%	1.38		%	1.25		%	1.57		%	1.31		%

(3) Shareholder Equity Ratio
Shareholders' equity to actual assets (GAAP)		15.77		%	14.78		%	14.97		%	15.41		%	14.64		%	14.33		%	14.27		%	15.77		%	14.64		%
	Effect of adjustment for intangible assets	6.97		%	5.43		%	5.61		%	5.85		%	5.61		%	5.02		%	5.11		%	6.97		%	5.61		%
Tangible capital ratio (non-GAAP)		8.80		%	9.35		%	9.36		%	9.56		%	9.03		%	9.31		%	9.16		%	8.80		%	9.03		%








RENASANT CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
											CALCULATION OF EFFICIENCY RATIO

																							Nine Months Ended
		2018									2017												September 30,
		Third			Second			First			Fourth			Third			Second			First
		Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			2018			2017
Interest income (FTE)		$	119,236		$	107,991		$	101,947		$	107,773		$	102,613		$	89,429		$	83,781		$	329,174		$	275,823
	Interest expense	18,356			14,185			11,140			11,325			10,678			7,976			7,874			43,681			26,528
Net Interest income (FTE)		$	100,880		$	93,806		$	90,807		$	96,448		$	91,935		$	81,453		$	75,907		$	285,493		$	249,295

Total noninterest income		$	38,053		$	35,581		$	33,953		$	32,441		$	33,413		$	34,265		$	32,021		$	107,587		$	99,699
	Securities gains (losses)	(16		)	—			—			91			57			—			—			(16		)	57
Total noninterest income		$	38,069		$	35,581		$	33,953		$	32,350		$	33,356		$	34,265		$	32,021		$	107,603		$	99,642
Total Income (FTE)		$	138,949		$	129,387		$	124,760		$	128,798		$	125,291		$	115,718		$	107,928		$	393,096		$	348,937

Total noninterest expense		$	94,746		$	79,026		$	77,944		$	76,808		$	80,660		$	74,841		$	69,309		$	251,716		$	224,810
	Amortization of intangibles	1,765			1,594			1,651			1,708			1,766			1,493			1,563			5,010			4,822
	Merger-related expenses	11,221			500			900			723			6,266			3,044			345			12,621			9,655
	Debt extinguishment penalty	—			—			—			—			—			—			205			—			205
Total noninterest expense		$	81,760		$	76,932		$	75,393		$	74,377		$	72,628		$	70,304		$	67,196		$	234,085		$	210,128

(4) Efficiency Ratio		58.84		%	59.46		%	60.43		%	57.75		%	57.97		%	60.75		%	62.26		%	59.55		%	60.22		%