EXHIBIT 99.1

Contact:	Jim Gray	Stuart Johnson
	Senior Executive Vice President & CIO	Senior Executive Vice President & CFO
	(662) 680-1217	(662) 680-1472
	jimg@renasant.com	stuartj@renasant.com

RENASANT CORPORATION ANNOUNCES

RECORD EARNINGS PER SHARE FOR 2006

TUPELO, MISSISSIPPI (January 16, 2007) – Renasant Corporation (NASDAQ: RNST) (“Renasant” or the “Company”) today announced record earnings per share for 2006. Basic and diluted earnings per share were $1.75 and $1.71 for 2006, respectively, up 12% and 11% compared to basic and diluted earnings per share of $1.56 and $1.54 for 2005, respectively. Net income for 2006 was $27,125,000, up 12%, or $2,916,000, from 2005.

Basic earnings per share were $.45 and diluted earnings per share were $.44 for the fourth quarter of 2006, compared to basic and diluted earnings per share of $.40 for the fourth quarter of 2005. Net income for the fourth quarter of 2006 was $6,949,000, compared to $6,218,000 for the fourth quarter of 2005.

“We are pleased to report record earnings per share for the second consecutive year,” commented Renasant Chairman and Chief Executive Officer, E. Robinson McGraw. “During 2006, Renasant realized double digit loan and deposit growth, expanded its mortgage operations, effected a 3 for 2 stock split, increased its dividend cash payout, opened a full service banking

office in Collierville, TN, secured a new location for a full service banking office in Oxford, MS and was recognized as a Global Select Market company by NASDAQ. As we close the books on another successful year, we look forward to expanding our market share and footprint in 2007.”

Total assets as of December 31, 2006 were $2.6 billion, an increase of 9%, from December 31, 2005. Total loans grew 11% to $1.8 billion at the end of the fourth quarter of 2006 from December 31, 2005, while total deposits grew 13% to $2.1 billion during the same period.

“It is important to note that now approximately 73% of our loans and 61% of our deposits are in what we consider to be key growth markets,” stated McGraw. “We are realizing strong growth in loans and deposits for our Tennessee division, with increases of over $73 million and $50 million for 2006, respectively, over 2005. We realized solid loan growth in Alabama with an $82 million increase in loans during 2006. Alabama deposit growth has been robust in 2006 with $43 million in deposits generated. In Mississippi, deposit growth remained strong at $146 million for 2006 while loans have grown by $32 million. We did, however, experience a combined decrease of $7 million in our student lending, leasing and asset based lending program.”

Net interest income remained flat at $20,910,000 for the fourth quarter of 2006 compared to $20,914,000 for the same period in 2005. Net interest margin decreased to 3.78% for the fourth quarter of 2006 from 4.11% for the fourth quarter of 2005. Net interest income for the fourth quarter of 2005 included $740,000 of additional interest income from certain loans accounted for under SOP 03-3. Excluding the SOP 03-3 income, net interest income increased $736,000 and net interest margin declined 19 basis points.

Noninterest income increased 16% to $11,764,000 for the fourth quarter of 2006 from $10,118,000 for the fourth quarter of 2005. The increase in noninterest income was due to improvements in service charges and fees generated on the Company’s loan and deposit products, commissions on the sale of investments and insurance, trust revenue, and gains on the sale of mortgage loans.

Noninterest expense was $22,011,000 for the fourth quarter of 2006 compared to $21,557,000 for the fourth quarter of 2005. Noninterest expense to average assets decreased to 3.40% for the fourth quarter of 2006 compared to 3.59% for the fourth quarter of 2005.

“As the entire banking industry continues to experience margin pressure, we are successfully offsetting its negative impact through growth in deposits, loans, and fee income, and by controlling the growth of our noninterest expenses,” stated McGraw.

Overall, credit quality remained strong during the fourth quarter of 2006. Annualized net charge-offs as a percentage of average loans were .12% for the fourth quarter of 2006, down from .19% for the fourth quarter of 2005. Net charge-offs as a percentage of average loans for the year ended December 31, 2006, were .07% compared to .20% for 2005. Non-performing loans as a percentage of total loans were .62% at December 31, 2006, compared to .38% as of December 31, 2005. The allowance for loan losses as a percentage of loans was 1.07% at December 31, 2006, as compared to 1.12% for December 31, 2005 due partially to the Company’s strong loan growth throughout 2006. The non-performing loan coverage ratio was 173.05% at December 31, 2006 compared to 291.94% at December 31, 2005.

CONFERENCE CALL INFORMATION

A live audio webcast of a conference call with analysts will be available beginning at 10:00 a.m. Eastern time on Wednesday, January 17, 2007, through the Company’s website: www.renasant.com, and through Thompson/CCBN’s individual investor center at www.fulldisclosure.com, or any of Thompson/CCBN’s Investor Distribution Network. The event will be archived for 90 days. If Internet access is unavailable, the conference may also be heard live (listen-only) via telephone by dialing 866-362-4820 in the United States and entering the participant passcode: 91358689. The conference call will be available for replay by dialing 888-286-8010 and entering passcode: 10452237.

About Renasant:

Renasant Corporation, headquartered in Tupelo, MS, is the parent of Renasant Bank and Renasant Insurance, and operates 63 banking and insurance offices in 38 cities in Mississippi, Tennessee and Alabama. The company has assets of $2.6 billion.

NOTE TO INVESTORS

This news 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” 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, and that 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 our portfolio of outstanding loans, and competition in our markets. We undertake no 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.

###

RENASANT CORPORATION

(Unaudited)

(Dollars in thousands, except per share data)

	2006												2005												4th Qtr 2006- 4th Qtr 2005 Percent Variance		For the Year Ended December 31,
Statement of earnings	Fourth Quarter			Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter			First Quarter					2006			2005			Percent Variance
Interest income—taxable equivalent basis	$	41,654		$	40,916		$	38,437		$	36,632		$	35,620		$	33,249		$	32,718		$	30,146		16.94		$	157,639		$	131,733		19.67
Interest income	$	40,809		$	40,070		$	37,597		$	35,817		$	34,777		$	32,417		$	31,900		$	29,295		17.34		$	154,293		$	128,389		20.18
Interest expense		19,899			18,367			16,655			15,309			13,863			12,678			11,445			9,977		43.54			70,230			47,963		46.43
Net interest income		20,910			21,703			20,942			20,508			20,914			19,739			20,455			19,318		(0.02	)		84,063			80,426		4.52
Provision for loan losses		800			900			(360	)		1,068			712			833			848			597		12.36			2,408			2,990		(19.46	)
Net interest income after provision		20,110			20,803			21,302			19,440			20,202			18,906			19,607			18,721		(0.46	)		81,655			77,436		5.45
Service charges on deposit accounts		4,809			4,686			4,527			4,424			4,377			4,358			4,167			3,874		9.87			18,446			16,776		9.95
Fees and commissions on loans and deposits		3,530			3,662			3,659			3,003			2,865			2,853			2,965			2,505		23.21			13,854			11,188		23.83
Insurance commissions and fees		868			975			868			822			881			955			906			831		(1.48	)		3,533			3,573		(1.12	)
Trust revenue		625			630			630			630			644			613			611			625		(2.95	)		2,515			2,493		0.88
Gain (loss) on sale of securities		—			—			4			21			—			—			(32	)		102		0			25			70		(64.29	)
Gain on sale of mortgage loans		1,034			1,029			674			760			673			766			673			693		53.64			3,497			2,805		24.67
Other		898			731			671			1,773			678			699			661			1,273		32.45			4,073			3,311		23.01
Total non-interest income		11,764			11,713			11,033			11,433			10,118			10,244			9,951			9,903		16.27			45,943			40,216		14.24
Salaries and employee benefits		12,234			13,013			12,301			12,212			11,438			11,696			11,520			11,459		6.96			49,760			46,113		7.91
Occupancy and equipment		2,773			2,788			2,688			2,786			2,785			2,220			2,222			2,605		(0.43	)		11,035			9,832		12.24
Data processing		1,124			1,122			1,053			982			1,056			966			962			1,044		6.44			4,281			4,028		6.28
Amortization of intangibles		396			398			414			431			543			557			571			586		(27.07	)		1,639			2,257		(27.38	)
Other		5,484			5,724			5,603			5,480			5,735			5,125			5,581			5,269		(4.38	)		22,291			21,710		2.68
Total non-interest expense		22,011			23,045			22,059			21,891			21,557			20,564			20,856			20,963		2.11			89,006			83,940		6.04
Income before income taxes		9,863			9,471			10,276			8,982			8,763			8,586			8,702			7,661		12.55			38,592			33,712		14.48
Income taxes		2,914			2,839			3,233			2,481			2,545			2,261			2,495			2,202		14.50			11,467			9,503		20.67
Net income	$	6,949		$	6,632		$	7,043		$	6,501		$	6,218		$	6,325		$	6,207		$	5,459		11.76		$	27,125		$	24,209		12.05
Basic earnings per share	$	0.45		$	0.43		$	0.45		$	0.42		$	0.40		$	0.41		$	0.40		$	0.35		12.50		$	1.75		$	1.56		12.18
Diluted earnings per share		0.44			0.42			0.44			0.41			0.40			0.40			0.39			0.35		10.00			1.71			1.54		11.04
Average basic shares outstanding		15,534,907			15,529,002			15,513,356			15,480,536			15,495,607			15,573,273			15,577,024			15,582,937		0.25			15,515,223			15,557,014		(0.27	)
Average diluted shares outstanding		15,917,314			15,904,213			15,840,673			15,768,679			15,661,891			15,745,223			15,754,669			15,814,068		1.63			15,853,014			15,723,135		0.83
Common shares outstanding		15,536,475			15,531,611			15,521,611			15,496,004			15,466,204			15,557,066			15,574,591			15,589,469		0.45			15,536,475			15,466,204		0.45
Cash dividend per common share	$	0.160		$	0.160		$	0.153		$	0.153		$	0.147		$	0.147		$	0.147		$	0.140		9.09		$	0.627		$	0.580		8.05
Performance ratios
Return on average shareholders' equity		10.79	%		10.70	%		11.68	%		11.00	%		10.45	%		10.57	%		10.64	%		9.53	%				11.00	%		10.29	%
Return on average shareholders' equity, excluding amortization expense		11.17	%		11.09	%		12.10	%		11.44	%		11.01	%		11.14	%		11.25	%		10.16	%				11.41	%		10.87	%
Return on average assets		1.07	%		1.05	%		1.14	%		1.07	%		1.04	%		1.07	%		1.06	%		0.95	%				1.08	%		1.03	%
Return on average assets, excluding amortization expense		1.11	%		1.08	%		1.18	%		1.12	%		1.09	%		1.12	%		1.12	%		1.01	%				1.12	%		1.09	%
Net interest margin (FTE)		3.78	%		4.02	%		3.96	%		3.99	%		4.11	%		3.94	%		4.14	%		3.99	%				3.93	%		4.05	%
Yield on earning assets (FTE)		7.23	%		7.29	%		7.00	%		6.86	%		6.73	%		6.36	%		6.36	%		5.97	%				7.10	%		6.36	%
Average earning assets to average assets		88.95	%		88.46	%		88.66	%		88.16	%		88.18	%		88.06	%		88.10	%		87.54	%				88.60	%		87.94	%
Average loans to average deposits		89.60	%		86.76	%		84.73	%		85.04	%		88.10	%		88.59	%		90.54	%		90.75	%				86.15	%		89.92	%
Noninterest income (less securities gains/
losses) to average assets		1.82	%		1.85	%		1.78	%		1.88	%		1.68	%		1.73	%		1.71	%		1.70	%				1.83	%		1.70	%
Noninterest expense to average assets		3.40	%		3.63	%		3.56	%		3.61	%		3.59	%		3.47	%		3.57	%		3.63	%				3.55	%		3.56	%
Net overhead ratio		1.58	%		1.79	%		1.78	%		1.73	%		1.90	%		1.74	%		1.86	%		1.94	%				1.72	%		1.86	%
Efficiency ratio (FTE)		65.67	%		67.26	%		67.22	%		66.83	%		67.63	%		66.73	%		66.79	%		69.71	%				66.75	%		67.70	%

* Percent variance not meaningful

Share and per share amounts have been restated to reflect the three-for-two stock split issued August 28, 2006

RENASANT CORPORATION

(Unaudited)

(Dollars in thousands, except per share data)

	2006												2005												4th Qtr 2006 - 4th Qtr 2005 Percent Variance		For the Year Ended December 31,
Average balances	Fourth Quarter			Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter			First Quarter					2006			2005			Percent Variance
Total assets	$	2,569,719		$	2,517,189		$	2,485,527		$	2,456,602		$	2,382,811		$	2,353,914		$	2,340,597		$	2,339,201		7.84		$	2,507,077		$	2,354,671		6.47
Earning assets		2,285,878			2,226,598			2,203,677			2,165,821			2,101,218			2,072,762			2,062,124			2,047,770		8.79			2,221,335			2,070,661		7.28
Securities		439,383			446,098			448,905			412,670			404,882			408,161			420,463			452,818		8.52			437,356			420,889		3.91
Loans, net of unearned		1,828,637			1,770,135			1,721,426			1,689,106			1,661,546			1,640,121			1,611,143			1,576,877		10.06			1,752,759			1,622,749		8.01
Intangibles		98,554			98,955			99,359			99,854			100,657			101,323			101,385			101,453		(2.09	)		99,198			101,194		(1.97	)
Non-interest bearing deposits		260,823			269,051			258,886			256,548			244,384			235,611			234,946			229,638		6.73			261,401			235,998		10.76
Interest bearing deposits		1,780,128			1,732,532			1,733,865			1,689,671			1,602,674			1,573,085			1,515,318			1,483,677		11.07			1,734,149			1,544,095		12.31
Total deposits		2,040,951			2,001,583			1,992,751			1,946,219			1,847,058			1,808,696			1,750,264			1,713,315		10.50			1,995,550			1,780,093		12.10
Other borrowings		241,642			239,295			225,201			245,093			274,922			289,849			333,710			371,855		(12.11	)		237,802			315,046		(24.52	)
Shareholders' equity		255,494			245,946			241,841			239,771			236,015			237,386			233,908			232,348		8.25			246,507			235,372		4.73
Asset quality data
Nonaccrual loans	$	7,821		$	6,264		$	5,978		$	2,509		$	3,984		$	3,803		$	4,157		$	3,807		96.31		$	7,821		$	3,984		96.31
Loans 90 past due or more		3,467			1,798			1,745			1,546			2,306			3,398			2,292			3,002		50.35			3,467			2,306		50.35
Non-performing loans		11,288			8,062			7,723			4,055			6,290			7,201			6,449			6,809		79.46			11,288			6,290		79.46
Other real estate owned and repossessions		4,579			3,502			3,697			3,922			4,299			6,646			7,114			7,232		6.51			4,579			4,299		6.51
Non-performing assets	$	15,867		$	11,564		$	11,420		$	7,977		$	10,589		$	13,847		$	13,563		$	14,041		49.84		$	15,867		$	10,589		49.84
Net loan charge-offs (recoveries)	$	566		$	590		$	(877	)	$	958		$	813		$	465		$	780		$	1,186		(30.38	)	$	1,237		$	3,244		(61.87	)
Allowance for loan losses		19,534			19,300			18,990			18,473			18,363			18,448			18,080			18,012		6.38			19,534			18,363		6.38
Non-performing loans / total loans		0.62	%		0.46	%		0.45	%		0.24	%		0.38	%		0.45	%		0.40	%		0.43	%				0.62	%		0.38	%
Non-performing assets / total assets		0.61	%		0.46	%		0.46	%		0.32	%		0.44	%		0.58	%		0.58	%		0.61	%				0.61	%		0.44	%
Allowance for loan losses / total loans		1.07	%		1.10	%		1.10	%		1.11	%		1.12	%		1.15	%		1.14	%		1.14	%				1.07	%		1.12	%
Allowance for loan losses / non-performing loans		173.05	%		239.39	%		245.89	%		455.56	%		291.94	%		256.19	%		280.35	%		264.53	%				173.05	%		291.94	%
Annualized net loan charge-offs / average loans		0.12	%		0.13	%		-0.20	%		0.23	%		0.19	%		0.11	%		0.19	%		0.31	%				0.07	%		0.20	%
Balances at period end
Total assets	$	2,611,356		$	2,530,892		$	2,503,333		$	2,509,220		$	2,397,702		$	2,379,793		$	2,353,385		$	2,320,164				$	2,611,356		$	2,397,702		8.91
Earning assets		2,315,431			2,245,428			2,208,320			2,205,706			2,105,281			2,073,678			2,075,244			2,041,307					2,315,431			2,105,281		9.98
Securities		428,065			438,287			434,567			429,169			399,034			400,786			415,193			425,196					428,065			399,034		7.28
Mortgage loans held for sale		38,672			32,134			36,519			34,099			33,496			42,865			32,792			32,623					38,672			33,496		15.45
Loans, net of unearned		1,826,762			1,761,842			1,729,861			1,664,479			1,646,223			1,608,697			1,592,391			1,572,103					1,826,762			1,646,223		10.97
Intangibles		98,296			98,760			99,159			99,575			100,832			100,766			101,528			101,406					98,296			100,832		(2.52	)
Non-interest bearing deposits	$	271,237		$	257,764		$	272,686		$	272,672		$	250,270		$	244,086		$	233,095		$	238,651				$	271,237			250,270		8.38
Interest bearing deposits		1,837,728			1,727,650			1,710,780			1,759,073			1,618,181			1,574,232			1,531,082			1,502,350					1,837,728			1,618,181		13.57
Total deposits		2,108,965			1,985,414			1,983,466			2,031,745			1,868,451			1,818,318			1,764,177			1,741,001					2,108,965			1,868,451		12.87
Other borrowings		216,423			264,983			252,671			214,054			266,505			299,076			334,952			324,330					216,423			266,505		(18.79	)
Shareholders' equity		252,704			250,622			241,043			239,418			235,440			237,211			235,454			230,892					252,704			235,440		7.33
Market value per common share	$	30.63		$	28.07		$	26.90		$	24.63		$	21.09		$	21.10		$	20.51		$	20.73				$	30.63		$	21.09		45.26
Book value per common share		16.27			16.14			15.53			15.45			15.22			15.25			15.12			14.81					16.27			15.22		6.85
Tangible book value per common share		9.94			9.78			9.14			9.02			8.70			8.77			8.60			8.31					9.94			8.70		14.19
Shareholders' equity to assets (actual)		9.68	%		9.90	%		9.63	%		9.54	%		9.82	%		9.97	%		10.00	%		9.95	%				9.68	%		9.82	%
Tangible capital ratio		6.14	%		6.24	%		5.90	%		5.80	%		5.86	%		5.99	%		5.95	%		5.84	%				6.14	%		5.86	%
Leverage ratio		8.95	%		8.93	%		8.85	%		8.72	%		8.60	%		8.79	%		8.67	%		8.59	%				0.09			8.60	%
Detail of Loans by Category
Commercial, financial, agricultural	$	236,268		$	231,361		$	230,890		$	206,914		$	226,203		$	224,673		$	228,371		$	228,305				$	236,268		$	226,203		4.45
Lease financing		4,234			4,617			5,284			6,548			7,469			8,143			9,576			10,763					4,234			7,469		(43.31	)
Real estate—construction		251,548			234,667			229,969			196,228			169,543			162,694			159,798			159,155					251,548			169,543		48.37
Real estate—1-4 family mortgages		627,641			614,143			593,174			578,931			566,455			558,616			547,307			531,347					627,641			566,455		10.80
Real estate—commercial mortgages		629,354			599,314			594,121			595,589			597,273			570,849			556,694			537,800					629,354			597,273		5.37
Installment loans to individuals		77,717			77,740			76,423			80,269			79,280			83,722			90,645			104,733					77,717			79,280		(1.97	)
Loans, net of unearned	$	1,826,762		$	1,761,842		$	1,729,861		$	1,664,479		$	1,646,223		$	1,608,697		$	1,592,391		$	1,572,103				$	1,826,762		$	1,646,223		10.97

* Percent variance not meaningful

Share and per share amounts have been restated to reflect the three-for-two stock split issued August 28, 2006