Renasant Corporation (NASDAQ:RNST) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET

Company Participants

Mitch Waycaster - President and CEO

Kevin Chapman - Senior EVP and COO

Jim Mabry - EVP and CFO

Kelly Hutcheson - EVP and CAO

Conference Call Participants

Brad Milsaps - Piper Sandler

Catherine Mealor - KBW

Kevin Fitzsimmons - D.A. Davidson

Brandon King - Truist Securities

Operator

Good day and welcome to the Renasant Corporation 2022 First Quarter Earnings Conference Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Kelly Hutcheson with Renasant Corporation. Please go ahead.

Kelly Hutcheson

Good morning and thank you for joining us for Renasant Corporation's 2022 first quarter webcast and conference call. Participating in this call today are members of Renasant's executive management team.

Before we begin, please note that many of our comments during this call will be forward-looking statements, which involve risk and uncertainty. There are many factors that could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements.

Such factors include, but are not limited to, interest rate fluctuation, regulatory changes, portfolio performance, and other factors discussed in our recent filings with the Securities and Exchange Commission, including our recently filed earnings release, which has been posted to our corporate site, www.renasant.com, at the Press Releases link under the News & Market Data tab.

We undertake no obligation and we specifically disclaim 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.

In addition, some of the financial measures that we may discuss this morning are non-GAAP financial measures. A reconciliation of the non-GAAP measures to the most comparable GAAP measures can be found in our earnings release.

And now I will turn the call over to our President and Chief Executive Officer, Mitch Waycaster.

Mitch Waycaster

Thank you, Kelly. Good morning. We appreciate you joining the call today. Before Kevin and Jim discuss the results for the first quarter, I would like to offer observations on the start of the year and the outlook for the balance of 2022.

Loan growth accelerated in the quarter as payoffs moderated and production remained very strong. We also showed continued progress in expense management. And while economic conditions are presenting headwinds, we remain hopeful that further improvement can be accomplished.