Renasant reported net income of $78.9 million for Q4 2025, up 76% from $44.7 million in the year-ago quarter. Diluted EPS reached $0.83, while adjusted diluted EPS (non-GAAP) was $0.91, exceeding the Zacks Consensus Estimate of $0.80. Net interest income (fully tax-equivalent) totaled $232.4 million, a linked-quarter gain of $4.2 million, and net interest margin improved by 4 basis points to 3.89%. Noninterest income grew by $5.1 million sequentially, reflecting the exit of certain low-income housing tax credit partnerships, while noninterest expense declined by $13.1 million, including a $6.9 million reduction in merger and conversion costs.

Loans expanded by $21.5 million sequentially, representing 0.4% annualized growth, despite the sale of $117.3 million of non-core loans acquired in the First Bancshares merger. Securities holdings rose by $26.4 million, driven by $142.1 million in purchases and a $12.1 million positive fair-value adjustment. Total deposits increased by $48.5 million, although noninterest-bearing balances fell by $194.5 million to 23.5% of deposits. Cost of total deposits fell 17 basis points to 1.97%, while adjusted net interest margin held steady at 3.62%. The efficiency ratio (fully taxable equivalent) improved to 60.23%.

Book value per share rose 2.0% and tangible book value per share increased 3.7% quarter-over-quarter. Under its $150 million repurchase program, Renasant repurchased $13.2 million of common stock at an average price of $34.29. The Company redeemed $60.0 million in subordinated notes from the First Bancshares acquisition. Provisions for credit losses on loans decreased $4.2 million to $5.5 million, while the allowance for credit losses on loans represented 1.54% of total loans. Nonperforming loans edged up to 0.92% of the portfolio, and net charge-offs were $9.1 million, including $2.5 million related to the sale of the acquired loan portfolio.