First Quarter 2026 Earnings Call
Forward-Looking Statements This presentation may contain various statements about Renasant Corporation (“Renasant,” the “Company,” “we,” “our,” or “us”) that 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. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “projects,” “anticipates,” “intends,” “estimates,” “plans,” “potential,” “focus,” “possible,” “may increase,” “may fluctuate,” “will likely result,” or similar expressions, or future or conditional verbs such as “will,” “should,” “would” and “could,” are generally forward-looking in nature and not historical facts. Forward-looking statements include information about our future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. We believe these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions about future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements; such differences may be material. Prospective investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Important factors currently known to management that could cause the Company’s actual results to differ materially from those in forward-looking statements include the following: (i) the Company’s ability to efficiently integrate acquisitions into its operations, retain the customers of these businesses, grow the acquired operations and realize the cost savings expected from an acquisition to the extent and in the timeframe anticipated by management (including the possibility that such cost savings will not be realized when expected, or at all, as a result of the impact of, or challenges arising from, the integration of the acquired assets and assumed liabilities into the Company, potential adverse reactions or changes to business or employee relationships, or as a result of other unexpected factors or events); (ii) potential exposure to unknown or contingent risks and liabilities the Company has acquired or may acquire; (iii) the effect of economic conditions and interest rates on a national, regional or international basis; (iv) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (v) our ability to remediate the material weakness in the Company’s internal control over financial reporting identified in the Company’s most recent Annual Report on Form 10-K; (vi) competitive pressures in the consumer finance, commercial finance, financial services, asset management, retail banking, factoring and mortgage lending and auto lending industries; (vii) the financial resources of, and products available from, competitors; (viii) changes in laws and regulations as well as changes in accounting standards; (ix) changes in governmental and regulatory policy, whether applicable specifically to financial institutions or impacting the United States generally (such as, for example, changes in trade policy); (x) changes in the securities and foreign exchange markets; (xi) the Company’s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xii) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of the Company’s investment securities portfolio; (xiii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiv) changes in the sources and costs of the capital the Company uses to make loans and otherwise fund the Company’s operations, due to deposit outflows, changes in the mix of deposits and the cost and availability of borrowings; (xv) general economic, market or business conditions, including the impact of inflation; (xvi) changes in demand for loan and deposit products and other financial services; (xvii) concentrations of credit or deposit exposure; (xviii) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xix) losses resulting from fraudulent activity, including loan and deposit fraud and social engineering attacks targeting our customers, employees and third party vendors; (xx) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses, including as a result of sophisticated attacks using artificial intelligence (“AI”) and similar tools; (xxi) civil unrest, natural disasters, epidemics and other catastrophic events in the Company’s geographic area; (xxii) geopolitical conditions, including acts or threats of terrorism and actions taken by the United States or other governments in response to acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; (xxiii) the impact, extent and timing of technological changes, including the rapid development of AI technologies; and (xxiv) other circumstances, many of which are beyond management’s control. Management believes that the assumptions underlying our 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 Renasant’s filings with the Securities and Exchange Commission (“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. We undertake no obligation, and specifically disclaim any obligation, to update or revise our forward-looking statements, whether as a result of new information or to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by federal securities laws. 2
Assets: $27.1 billion Loans: 19.0 Deposits: 22.1 Equity: 3.9 Loans TN 11% MS 25% AL 22% FL 12% LA 4% GA 26% Deposits TN 8% MS 40% AL 14% FL 7% LA 3% GA 28% * 3 Overview * Republic Business Credit operates on a nationwide basis. Locations in California, Illinois and Texas are not shown. Snapshot Footprint Loans and Deposits by State(1) Note: As of March 31, 2026 (1) As determined by the office or branch of origination
First Quarter Highlights • Net income was $88.2 million with diluted EPS of $0.94 and adjusted diluted EPS (non- GAAP)(1) of $0.93 • Net interest margin was 3.87%, down 2 basis points linked quarter; adjusted net interest margin (non-GAAP)(1) decreased 1 basis point linked quarter to 3.61% • Return on assets was 1.33% for the first quarter of 2026, up from 0.94% in the first quarter of 2025 • Return on average equity for the first quarter of 2026 was 9.20%, up from 6.25% in the first quarter of 2025; return on average tangible common equity (non-GAAP)(1) was 16.36% for the first quarter of 2026, up from 10.16% in the first quarter of 2025 • Loans decreased $71.8 million, or 1.5% annualized • Deposits increased $626.4 million linked quarter. Seasonal increases in public fund deposits contributed $380.4 million to the overall increase. Noninterest bearing deposits increased $139.5 million linked quarter; noninterest-bearing deposits represented 23.5% of total deposits at March 31, 2026 • Loan yield decreased 8 basis points; adjusted loan yield (non-GAAP)(1) decreased 7 basis points • Cost of total deposits decreased 3 basis points to 1.94% • The ratio of the allowance for credit losses on loans to total loans increased 2 basis points to 1.56% linked quarter • Net loan charge-offs for the first quarter of 2026 were $2.3 million, or 0.05% annualized, down $6.8 million linked quarter • Nonperforming loans represented 1.06% of total loans, an increase of 14 basis points, and criticized loans to total loans decreased 17 basis points to 2.77% linked quarter (1) Adjusted diluted EPS, Adjusted net interest margin, Adjusted loan yield, Adjusted ROAA, ROATCE, Adjusted ROATCE and Adjusted efficiency ratio are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading “Non-GAAP Reconciliations”. 4 Net Income $88.2 million Diluted EPS 0.94 Adjusted Diluted EPS (non-GAAP)(1) 0.93 Net Interest Margin 3.87 % Adjusted Net Interest Margin (non- GAAP)(1) 3.61 Return on Average Assets (“ROAA”) 1.33 Adjusted ROAA (non-GAAP)(1) 1.33 Return on Average Tangible Common Equity (“ROATCE”) (non-GAAP)(1) 16.36 Adjusted ROATCE (non-GAAP)(1) 16.33 Efficiency Ratio 55.73 Adjusted Efficiency Ratio (non-GAAP)(1) 52.82
$18,271 $26,625 $26,726 $26,751 $27,107 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $13,056 $18,563 $19,026 $19,047 $18,975 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $14,772 $21,583 $21,425 $21,473 $22,099 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Note: Dollars in millions $2,727 $3,779 $3,826 $3,885 $3,867 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 5 Balance Sheet Assets Loans Deposits Equity
Note: Dollars in thousands (1) Includes money market deposits Composition Quarter Highlights 6 $22,099,484 $21,473,070 $21,424,555 $21,582,637 $14,772,095 Noninterest-bearing Interest-bearing (1) Savings Time 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 Deposit Funding • Deposit growth of $626.4 million in 1Q 2026 represents 11.5% annualized growth • Noninterest-bearing deposits: 23.5% of total deposits • Average deposit account balance: $38 thousand • Commercial average account balance*: $89 thousand • Consumer average account balance*: $15 thousand • Top 20 depositors: 4.7% of total deposits* Customer Mix 44% 44% 44% 50% 48% 37% 38% 39% 31% 35% 19% 18% 17% 19% 17% Consumer Commercial Public Funds 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 * Excludes time deposits and public fund deposits 2.22% 2.12% 2.14% 1.97% 1.94% 2.89% 2.82% 2.83% 2.60% 2.54% Total cost of deposits Cost of total interest-bearing deposits 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Cost of Deposits
Cash and Securities to Total Assets Loans to Deposits Average Interest Earning Asset Mix (1Q 2026) 17.5% 18.5% 17.4% 17.4% 18.6% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 88% 86% 89% 89% 86% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 80% 1% 16% 3% Loans Held for Investment Loans Held for Sale Securities Interest Bearing Balances With Banks 7 Liquidity Position
14.93% 14.19% 14.31% 14.52% 14.27% 9.99% 8.77% 8.98% 9.26% 9.08% Shareholders' equity to assets Tangible common equity ratio (non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 12.59% 11.08% 11.04% 11.24% 11.22% 16.89% 14.97% 14.88% 14.78% 14.77% Common equity tier 1 capital ratio Total risk-based capital ratio 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Quarter Highlights • During the first quarter of 2026, the Company repurchased $75.0 million of common stock at a weighted average price of $39.53. In April, an additional $25.0 million was repurchased at a weighted average price of $38.36 • Effective April 28, 2026, the Company’s Board of Directors approved a quarterly cash dividend of $0.24 per share to be paid June 30, 2026, to shareholders of record as of June 16, 2026. This represents a $0.01 increase from the dividend paid in the previous quarter • Effective April 28, 2026, the Company’s Board of Directors increased the amount authorized for repurchase under the Company's stock repurchase program by $100.0 million * Tangible Common Equity Ratio and Tangible Book Value are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading “Non-GAAP Reconciliations”. $42.79 $39.77 $40.26 $41.05 $41.63 $27.07 $23.10 $23.77 $24.65 $25.00 Book Value Tangible Book Value (non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 8 Capital Equity to Assets / Tangible Common Equity Ratio (non-GAAP)* Common Equity Tier 1 Ratio / Total Risk-based Capital Ratio Book Value / Tangible Book Value (non-GAAP)*
Loan Movement $19,047 $(51) $(7) $(110) $23 $77 $(4) $18,975 Q 4 2025 RE-1-4 Fam ily C&LD NO O CRE O O CRE C&I Consum er Q 1 2026 Quarter Highlights • Loans decreased $71.8 million linked quarter • Average loan balance: $317 thousand 24% 10% 32% 18% 15% 1% Real estate - 1-4 Family Mortgage Construction and Land Development Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Owner Occupied Commercial and Industrial Consumer Loan Composition 9Note: Dollars in millions
$645 $805 $950 $914 $609$551 $730 $757 $806 $827 Production Advances 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $557 $657 $587 $876 $813 $468 $567 $657 $706 $695 Payoffs Paydowns 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $19,047 $609 $827 $(813) $(695) $18,975 4Q 2025 Production Advances Payoffs Paydowns 1Q 2026 Loan Activity 10 Note: Dollars in millions Loan Movement Production & Advance Trends Payoff & Paydown Trends
11 $203,931 $290,770 $297,591 $293,955 $295,862 1.56% 1.57% 1.56% 1.54% 1.56% —% 0.26% 0.09% 0.19% 0.05% ACL ACL/Loans Net Charge-offs / Average Loans 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $320,432 $493,557 $612,513 $560,663 $525,413 2.45% 2.66% 3.22% 2.94% 2.77% Criticized loans Criticized loans / total loans 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Asset Quality Criticized Loans* *Dollars in thousands Allowance for Credit Losses & Net Charge-offs* 0.31% 0.25% 0.26% 0.47% 0.36% Loans 30-89 Past Due / Total Loans 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Loans 30-89 Days Past DueQuarter Highlights • Over the last four quarters, the Company resolved $135 million in non-performing loans with aggregate net charge-offs of $27.8 million • Average NPL balance: $348,337 • 96% of accruing criticized loans are current • Average criticized loan balance: $512,098
0.59% 0.58% 0.68% 0.71% 0.79% 0.76% 0.76% 0.90% 0.92% 1.06% NPAs/Total Assets NPLs/Total Loans 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 12 $61,311 $12,323 $49,930 $29,433 $47,093 $204 Real Estate 1-4 Family Mortgage Construction and Land Development Commercial Real Estate - Non- Owner Occupied Commercial Real Estate - Owner-Occupied Commercial and Industrial Consumer NPLs by Loan Category Asset Quality (cont.) Nonperforming Loans & Nonperforming Assets $98,733 $141,859 $171,548 $176,018 $200,294 207% 205% 173% 167% 148% Nonperforming Loans Allowance/Nonperforming Loans 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Nonperforming Loans Note: Dollars in thousands
$0.65 $0.01 $0.63 $0.83 $0.94 $0.66 $0.69 $0.77 $0.91 $0.93 Diluted EPS (GAAP) Adjusted Diluted EPS (non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $137.4 $222.7 $228.1 $232.4 $228.4 $135.8 $207.6 $214.4 $216.3 $213.3 Net interest income (FTE) Adjusted net interest income (FTE) (non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Note: Dollars in millions except per share amounts. *Adjusted Diluted EPS, Adjusted Net Income, Adjusted Net Interest Income (FTE), PPNR and Adjusted PPNR are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading “Non-GAAP Reconciliations”. $56.7 $84.0 $85.7 $107.8 $118.5 $57.5 $103.0 $103.2 $118.3 $118.3 PPNR (non-GAAP)* Adjusted PPNR (non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $41.5 $1.0 $59.8 $78.9 $88.2 $42.1 $65.9 $72.9 $86.9 $88.1 Net Income Adjusted Net Income (non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 13 Profitability Diluted EPS / Adjusted Diluted EPS (non-GAAP)* Net Income / Adjusted Net Income (non-GAAP)* PPNR (non-GAAP)* / Adjusted PPNR (Non-GAAP)*Net Interest Income (FTE) / Adjusted Net Interest Income (FTE) (Non-GAAP)*
*Adjusted ROAA, Adjusted ROTCE, PPNR/Average Assets and Adjusted PPNR/Average Assets are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading “Non-GAAP Reconciliations”. 0.94% 0.02% 0.90% 1.17% 1.33%0.95% 1.01% 1.09% 1.29% 1.33% ROAA (GAAP) ROAA (Adjusted) (non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 6.25% 0.11% 6.25% 8.14% 9.20% 10.30% 13.50% 14.22% 16.18% 16.33% ROAE (GAAP) ROTCE (Adjusted) (non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1.28% 1.29% 1.29% 1.60% 1.79% 1.30% 1.58% 1.55% 1.76% 1.79% PPNR/Average Assets (non-GAAP)* Adjusted PPNR/Average Assets (non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 14 Profitability Ratios ROAA / Adjusted ROAA (non-GAAP)* ROAE / Adjusted ROTCE (non-GAAP)* PPNR (non-GAAP)* / Adjusted PPNR Ratios (non-GAAP)*
3.45% 3.85% 3.85% 3.89% 3.87% 3.42% 3.58% 3.62% 3.62% 3.61% Net Interest Margin Adjusted Net Interest Margin (FTE)(non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 *Adjusted Net Interest Margin (FTE) and Adjusted Loan Yield are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading “Non-GAAP Reconciliations”. 6.24% 6.63% 6.60% 6.45% 6.37% 6.19% 6.18% 6.23% 6.11% 6.04% Loan yield Adjusted Loan Yield (non-GAAP)* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 • Scheduled accretion and accelerated accretion recognized on acquired loans were $11.2 million and $4.0 million, respectively, for the first quarter of 2026, which included scheduled credit accretion and accelerated credit accretion of $4.0 million and $1.5 million, respectively 15 Net Interest Margin (FTE) and Loan Yield Net Interest Margin (FTE) / Adjusted Net Interest Margin (FTE)(non-GAAP)* Loan Yield / Adjusted Loan Yield (non-GAAP)* Adjusted Net Interest Margin (FTE)(non-GAAP)* Bridge Accretion 3.62 (0.08) 0.02 0.05 3.61 4Q2025 Loans Other Earning Assets IB Liabilities 1Q2026
• Noninterest income decreased $0.8 million linked quarter • The decline in noninterest income is primarily related to Q4 2025 results being impacted by a one-time gain of $2.0 million resulting from the exit of low-income housing tax credit partnerships. The absence of this gain in Q1 2026 results was partially offset by strong performance on SBA loan sales 16 $50,272 $51,125 $46,026 $48,334 $36,395 Service charges Fees and commissions Wealth management Mortgage banking BOLI Other 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 Noninterest Income Composition Quarter Highlights Note: Dollars in thousands
• Noninterest expense decreased $15.4 million linked quarter, which includes a decrease of $10.6 million in merger and conversion related expenses linked quarter • The Company continued to realize cost savings from the integration with The First 17 Quarter Highlights 64.43% 57.07% 57.51% 53.52% 52.82% 65.51% 67.59% 67.05% 60.23% 55.73% Efficiency Ratio Adjusted efficiency ratio (non-GAAP) * 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $155,328 $170,750 $183,830 $183,204 $113,876 Salaries and employee benefits Data processing Net occupancy and equipment Advertising and public relations Merger and conversion expenses Intangible amortization Other 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 Noninterest Expense Efficiency Ratio Composition Note: Dollars in thousands * Adjusted Efficiency Ratio is a non-GAAP financial measure. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8-K as this presentation under the heading “Non-GAAP Reconciliations”.
$153,841 $147,108 Adjusted noninterest expense (non-GAAP)* 2Q 2025 1Q 2026 Efficiency Improvements 3.3% increase in adjusted net revenue since Q2 2025 $269,584 $278,487 Adjusted net revenue (non-GAAP)* 2Q 2025 1Q 2026 4.4% reduction in adjusted noninterest expense since Q2 2025 Continued focus on efficiency gains through both revenue growth and expense management since Q2 2025 has yielded significant improvement in the adjusted efficiency ratio. Note: Dollars in thousands * Adjusted net revenue and Adjusted noninterest expense are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is included in the earnings release furnished to the SEC on the same Form 8- K as this presentation under the heading “Non-GAAP Reconciliations”. 18 Expense ManagementRevenue Growth
Appendix
Repricing Term* Rate Structure Total Loans 3 mos or less 3-12 mos 1-3 years 3-5 years 5-15 years Over 15 years Total Variable Fixed Commercial and Industrial $ 1,814 $ 213 $ 300 $ 367 $ 200 $ 2 $ 2,896 $ 1,860 $ 1,036 Commercial Real Estate - Owner-Occupied 1,284 211 589 736 504 34 3,358 1,430 1,927 Commercial Real Estate - Non-Owner Occupied 3,481 416 1,060 822 348 9 6,136 3,624 2,512 Construction and Land Development 1,396 72 86 185 106 53 1,898 1,470 429 Real Estate 1-4 Family Mortgage 1,016 257 484 545 843 1,439 4,584 2,614 1,970 Consumer 29 15 32 21 6 — 103 18 85 Total $ 9,020 $ 1,184 $ 2,551 $ 2,676 $ 2,007 $ 1,537 $ 18,975 $ 11,016 $ 7,959 Weighted Average Rate - Fixed 5.3 % 5.0 % 5.7 % 6.2 % 4.6 % 5.5 % 5.5 % Weighted Average Rate - Variable 6.5 % 6.1 % 5.4 % 5.7 % 5.5 % 4.8 % 6.3 % % Fixed 5.1 % 72.5 % 83.5 % 81.2 % 65.6 % 66.7 % 41.9 % % Variable 94.9 % 27.5 % 16.5 % 18.8 % 34.4 % 33.3 % 58.1 % Note: Dollars in millions *Based on maturity date for fixed rate loans and variable rate loans that are at their floor or ceiling 20 Loan Repricing and Maturity
Note: As of March 31, 2026 Agency CMO 27% Agency MBS 35% Municipal 14% Agency CMBS 14% SBA 8% Other 2% 21 • Amortized cost of $4.0 billion; GAAP value of $3.8 billion, which represents 14.1% of total assets • Duration of 3.6 years • 27% of portfolio HTM based on par value ◦ 10.3% of HTM are CRA investments ◦ 26.2% of HTM are Municipals • Unrealized losses in AOCI on securities totaled $142.1 million ($106.9 million, net of tax); unrealized losses in AOCI on HTM securities totaled $51.6 million ($38.5 million, net of tax) $4.0 Billion Securities Composition (Amortized Cost) Quarter Highlights
15% 21% 21% 10% 6% 7% 12% 5% 3% Warehouse/Industrial Retail Multi-family Self Storage Medical Office Office (non-medical) Hotel Senior Housing Other Quarter Highlights Note: As of March 31, 2026. LTV is calculated using the most recent appraisal available. % of Loans Avg Loan Size1 32.3% $2.0 million WA LTV 54.8% 0.10% 30-89 Days 0.81% NPLs2 Retail Multi-Family Warehouse/ Industrial Amount $1,309.8 $1,278.6 $932.5 Avg Loan Size1 1.5 2.5 2.5 % of Loans 6.9 6.7 4.9 % Past Due or Nonaccrual 0.35 0.21 0.85 ACL Reserve % 0.87 0.76 1.35 WA LTV % 55.1 53.1 52.6 % Loans<75% LTV 87.2 95.0 97.6 % in Footprint 97.2 99.8 91.7 Q1 Loan Growth (%) (0.5) (8.2) 3.1 (1) Based on commitment amount Note: Dollars in millions 22 Commercial Real Estate - Non-owner Occupied $6.1 Billion Composition
23 Note: As of March 31, 2026; LTV is calculated using the most recent appraisal available. 22% 25% 10% 14% 5% 6% 7% 7%2% 1% 1% 1-4 Family Land & Dev. Commercial Owner-Occupied Multi-family Office Retail Self Storage Warehouse / Industrial Hotels Other Senior Housing Amount $1,898.6 Avg Loan Size1 1.2 % of Loans 10.0 % Past Due or Nonaccrual 0.65 ACL Reserve%2 1.95 WA LTV % 63.2 % Loans<75% LTV 81.5 % in Footprint 99.4 Q1 Loan Growth (%) (0.4) (1) Based on commitment amount (2) Includes reserves for both loans accounted for collectively and those individually evaluated Note: Dollars in millions Construction and Land Development $1.9 Billion Composition Quarter Highlights
Quarterly ACL Changes $293,955 $(2,166) $1,854 $710 $(852) $2,593 $(232) $295,862 4Q 2025 Balance Changes Q-Factor Changes Loss Rates Loan Credit Migration Other Ind. Reviewed Unallocated 1Q 2026 24 Note: Dollars in thousands
25 ($ in thousands) 1Q 2025 4Q 2025 1Q 2026 Gain on sales of loans, net $ 4,500 $ 5,243 $ 5,305 Fees, net 2,317 2,970 2,842 Mortgage servicing income, net 1,330 711 1,288 Mortgage banking income, net $ 8,147 $ 8,924 $ 9,435 (in %) 1Q 2025 4Q 2025 1Q 2026 Wholesale 39 37 42 Retail 61 63 58 Purchase 80 72 67 Refinance 20 28 33 $632.1 $679.6 $590.2 $489.5 $542.3 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 *Gain on sale margin excludes pipeline fair value adjustments and buyback reserve activity included in “Gain on sales of loans, net” in the table above 1.42% 1.87% 1.32% 1.99% 1.85% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Mortgage Banking Mortgage Banking Income Mix Locked Volume (in millions) Gain on Sale Margin*
