Item 7.01 Regulation FD Disclosure.
Representatives of Renasant Corporation ("Renasant" or the "Company") will be
making presentations to investors during various virtual conferences in the
fourth quarter of 2020. Attached hereto as Exhibit 99.1 of this Form 8-K is a
copy of the materials that the Company will make available at these
presentations.
In accordance with General Instruction B.2 of Form 8-K, the information in this
Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to
be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that section, and shall not
be deemed incorporated by reference into any registration statement or other
document filed pursuant to the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended, except as shall be expressly set
forth by specific reference in such filing.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The presentation furnished herewith may contain, or incorporate by reference,
statements about Renasant 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," "possible," "may increase," "may fluctuate," "will likely result,"
and 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
Renasant's future financial performance, business strategy, projected plans and
objectives and are based on the current beliefs and expectations of management.
Renasant's management believes 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 Renasant's
control. In addition, these forward-looking statements are subject to
assumptions with respect to future business strategies and decisions that are
subject to change. Actual results may differ from those indicated or implied in
the forward-looking statements, and such differences may be material. Investors
are cautioned that any such forward-looking statements are not guarantees for
future performance and involve risks and uncertainties and, accordingly,
investors should not place undue reliance on these forward-looking statements,
which speak only as of the date they are made.
Currently, the most important factor that could cause Renasant's actual results
to differ materially from those in forward-looking statements is the continued
impact of the COVID-19 pandemic and related governmental measures to respond to
the pandemic on the United States economy and the economies of the markets in
which Renasant operates. In the presentation furnished herewith, Renasant has
addressed the historical impact of the pandemic on certain aspects of its
operations and set forth certain expectations regarding the COVID-19 pandemic's
future impact on Renasant's business, financial condition, results of
operations, liquidity, asset quality, capital, cash flows and prospects.
Renasant believes that its statements regarding future events and conditions in
light of the COVID-19 pandemic are reasonable, but these statements are based on
assumptions regarding, among other things, how long the pandemic will continue,
the duration, extent and effectiveness of the governmental measures implemented
to contain the pandemic and ameliorate its impact on businesses and individuals
throughout the United States, and the impact of the pandemic and the
government's virus containment measures on national and local economies, all of
which are out of Renasant's control. If Renasant's assumptions underlying its
statements about future events prove to be incorrect, Renasant's business,
financial condition, results of operations, liquidity, asset quality, capital,
cash flows and prospects may be materially different from what is presented in
its forward-looking statements.
Important factors other than the COVID-19 pandemic currently known to management
that could cause actual results to differ materially from those in
forward-looking statements include the following: (i) Renasant'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; (ii) the effect of economic conditions and interest rates on a
national, regional or international basis; (iii) timing and success of the
implementation of changes in operations to achieve enhanced earnings or effect
cost savings; (iv) competitive pressures in the consumer finance, commercial
finance, insurance, financial services, asset
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management, retail banking, mortgage lending and auto lending industries; (v)
the financial resources of, and products available from, competitors; (vi)
changes in laws and regulations as well as changes in accounting standards, such
as the adoption of the CECL model on January 1, 2020; (vii) changes in policy by
regulatory agencies; (viii) changes in the securities and foreign exchange
markets; (ix) Renasant's potential growth, including its entrance or expansion
into new markets, and the need for sufficient capital to support that growth;
(x) changes in the quality or composition of Renasant's loan or investment
portfolios, including adverse developments in borrower industries or in the
repayment ability of individual borrowers; (xi) an insufficient allowance for
credit losses as a result of inaccurate assumptions; (xii) general economic,
market or business conditions, including the impact of inflation; (xiii) changes
in demand for loan products and financial services; (xiv) concentration of
credit exposure; (xv) changes or the lack of changes in interest rates, yield
curves and interest rate spread relationships; (xvi) increased cybersecurity
risk, including potential network breaches, business disruptions or financial
losses; (xvii) natural disasters, epidemics and other catastrophic events in
Renasant's geographic area; (xviii) the impact, extent and timing of
technological changes; and (xix) other circumstances, many of which are beyond
management's control. The COVID-19 pandemic has exacerbated, and is likely to
continue to exacerbate the impact of any of these factors on Renasant.
Management believes that the assumptions underlying Renasant'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
Renasant'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.
Renasant undertakes no obligation, and specifically disclaims any obligation, to
update or revise 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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are being furnished herewith and this list shall
constitute the exhibit index:
Exhibit No. Description
99.1 Presentation materials that Renasant Corporation intends to provide to
investors on or after November 9, 2020.
104 The cover page of Renasant Corporation's Form 8-K is formatted in Inline
XBRL.
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