Renasant (RNST) 8-K Regulation FD Disclosure

Exhibit 99.1

The Peoples Holding Company

Selected Financial Information

(Dollars in Thousands, Except Share Data)

Unaudited

	For The Three Months Ended December 31,								For The Year Ended December 31,
	2004			2003			% Change		2004			2003			% Change
Earnings Summary
Interest income	$	21,076		$	17,105		23.22	%	$	77,024		$	70,810		8.78	%
Interest expense		5,848			4,944		18.28			21,796			21,777		0.09
Net interest income		15,228			12,161		25.22			55,228			49,033		12.63
Provision for loan losses		(82	)		544		(115.07	)		1,547			2,713		(42.98	)
Noninterest income		6,619			7,865		(15.84	)		32,287			31,893		1.24
Noninterest expenses		16,631			13,210		25.90			60,709			53,193		14.13
Income before taxes and cumulative effect of accounting change		5,298			6,272		(15.53	)		25,259			25,020		0.96
Income taxes		1,250			1,715		(27.11	)		6,816			6,839		(0.34	)
Income before cumulative effect of accounting change		4,048			4,557		(11.17	)		18,443			18,181		1.44
Cumulative effect of accounting change		—			—		—			—			—		—
Net income	$	4,048		$	4,557		(11.17	)%	$	18,443		$	18,181		1.44	%
		33.62	%
Common Stock Data
Earnings per share—basic	$	0.45		$	0.56		(19.64	)%	$	2.15		$	2.20		(2.27	)%
Earnings per share—diluted		0.44			0.55		(20.00	)		2.14			2.19		(2.28	)
Book value per share										19.79			16.79		17.87
Market value per share										33.10			33.00		0.30
Cash dividends per share		0.21			0.20		5.00			0.82			0.75		9.33
Weighted average shares outstanding		9,024,384			8,198,067		10.08			8,597,267			8,282,838		3.80
Weighted average shares outstanding—diluted		9,081,944			8,218,971		10.50			8,637,008			8,296,901		4.10
End of period shares outstanding										9,046,997			8,194,526		10.40
Balance Sheet Summary
Gross loans (excluding mortgage loans held for sale)									$	1,141,480		$	862,652		32.32	%
Allowance for loan losses										14,403			13,232		8.85
Total investment securities										371,581			414,270		(10.30	)
Total assets										1,707,545			1,415,214		20.66
Total deposits										1,318,677			1,133,931		16.29
Total borrowings										191,547			125,572		52.54
Shareholders' equity										179,042			137,625		30.09
	For The Three Months Ended December 31,								For The Year Ended December 31,
	2004			2003			% Change		2004			2003			% Change
Selected Ratios
Return on average assets *		0.95	%		1.32	%	(28.03	)%		1.18	%		1.33	%	(11.28	)%
Return on average shareholders' equity *		9.07			13.27		(31.65	)		11.52			13.41		(14.09	)
Return on average tangible shareholders' equity*		12.41			13.87		(10.53	)		14.01			14.04		(0.21	)
Shareholders' equity to assets (actual)										10.21			9.72		5.04
Net interest margin (TE) *		4.20			4.16		0.96			4.14			4.23		(2.13	)
Noninterest income (less securities gains/losses) to average assets*		1.82			2.26		(19.47	)		2.06			2.31		(10.82	)
Noninterest expense to average assets*		3.92			3.84		2.08			3.87			3.88		(0.26	)
Overhead ratio * **		2.10			1.58		32.91			1.81			1.57		15.29
Efficiency ratio		70.16			63.48		10.52			66.93			63.16		5.97
Allowance for loan losses to total loans										1.26			1.53		(17.65	)
Reserve coverage of nonperforming loans										166.30			181.09		(8.17	)
Nonperforming loans to total loans										0.76			0.85		(10.59	)
Net charge-offs to average loans *		0.65			0.26		150.00			0.32			0.20		60.00
Average loans to average deposits		84.13			74.90		12.32			79.77			74.99		6.37
Average earning assets to average assets		89.10			90.65		(1.71	)		89.91			90.64		(0.81	)

* Ratios annualized

** The net overhead ratio is noninterest expense less noninterest income expressed as a percent of average assets

TE—tax equivalent basis

Nonperforming Assets
Nonaccruing loans	$	6,443	$	4,624	39.34	%
Accruing loans past due 90 days or more		2,218		2,683	(17.33	)
Total nonperforming loans		8,661		7,307	18.53
ORE and repossessions		2,324		1,805	28.75
Total nonperforming assets	$	10,985	$	9,112	20.56	%

The Peoples Holding Company

Allowance for Loan Losses

(Dollars in Thousands)

Unaudited

	For The Three Months Ended December 31,							For The Year Ended December 31,
	2004			2003		% Change		2004		2003		% Change
Reserve for loan losses at beginning of period	$	16,309		$	13,237	23.21	%	$	13,232	$	12,203	8.43	%
Acquisition of Renasant		—			—	—			2,845		—	—
Provision for loan losses		(82	)		544	(115.07	)		1,547		2,713	(42.98	)
Loans charged-off		1,982			615	222.28			3,617		2,043	77.04
Recoveries of loans previously charged-off		158			66	139.39			396		359	10.31
Reserve for loan losses at end of period	$	14,403		$	13,232	8.85	%	$	14,403	$	13,232	8.85	%

The Peoples Holding Company

Loans and Credit Quality

(Dollars in Thousands)

Unaudited

	Loans, Net of Unearned Income As of December 31,				Non-performing Loans As of December 31,				Net Charge-offs For The Year Ended December 31,
	2004		2003		2004		2003		2004		2003
Commercial, financial, agricultural	$	175,571	$	140,149	$	667	$	885	$	1,554	$	459
Lease financing		10,809		12,148		163		—		—		—
Real estate—construction		96,404		50,848		794		—		—		—
Real estate—1-4 family mortgage		375,698		293,097		5,519		5,220		1,016		420
Real estate—commercial mortgage		395,047		280,097		1,293		1,051		117		480
Consumer		87,951		86,313		225		151		534		325
Total	$	1,141,480	$	862,652	$	8,661	$	7,307	$	3,221	$	1,684

The Peoples Holding Company

Condensed Consolidated Statements of Income

(Dollars in Thousands, Except Share Data)

Unaudited

	For The Three Months Ended December 31,							For The Year Ended December 31,
	2004			2003		% Change		2004			2003		% Change
Interest income:
Loans	$	17,088		$	13,406	27.47	%	$	60,411		$	56,366	7.18	%
Securities		3,987			3,660	8.93			16,436			14,211	15.66
Other		1			39	(97.44	)		177			233	(24.03	)
Total interest income		21,076			17,105	23.22			77,024			70,810	8.78
Interest expense:
Deposits		4,555			4,212	8.14			17,382			18,818	(7.63	)
Borrowings		1,293			732	76.64			4,414			2,959	49.17
Total interest expense		5,848			4,944	18.28			21,796			21,777	0.09
Net interest income		15,228			12,161	25.22			55,228			49,033	12.63
Provision for loan losses		(82	)		544	(115.07	)		1,547			2,713	(42.98	)
Net interest income after provision for loan losses		15,310			11,617	31.79			53,681			46,320	15.89
Noninterest income:
Service charges on deposit accounts		3,856			3,655	5.50			15,355			14,417	6.51
Fees and commissions		2,699			2,405	12.22			11,006			10,476	5.06
Trust revenue		419			407	2.95			2,147			1,748	22.83
Gains on sale of securities		(1,130	)		82	(1,478.05	)		(1,021	)		191	(634.55	)
BOLI Revenue		306			284	7.75			1,176			1,169	0.60
Merchant Discounts		39			330	(88.18	)		672			1,287	(47.79	)
Gain on Sale of Merchant Business		—			—	—			1,000			—	—
Other		430			702	(38.75	)		1,952			2,605	(25.07	)
Total noninterest income		6,619			7,865	(15.84	)		32,287			31,893	1.24
Noninterest expenses:
Salaries and employee benefits		8,833			7,379	19.70			33,484			29,486	13.56
Data processing		1,159			1,062	9.13			4,483			4,094	9.50
Net occupancy		1,118			868	28.80			3,845			3,382	13.69
Equipment		1,288			779	65.34			3,949			3,092	27.72
Other		4,233			3,122	35.59			14,948			13,139	13.77
Total noninterest expenses		16,631			13,210	25.90			60,709			53,193	14.13
Income before taxes and cumulative effect of accounting change		5,298			6,272	(15.53	)		25,259			25,020	0.96
Income taxes		1,250			1,715	(27.11	)		6,816			6,839	(0.34	)
Income before cumulative effect of accounting change		4,048			4,557	(11.17	)		18,443			18,181	1.44
Cumulative effect of accounting change		—			—	—			—			—	—
Net income	$	4,048		$	4,557	(11.17	)%	$	18,443		$	18,181	1.44	%

The Peoples Holding Company

Average Consolidated Balance Sheet and Net Interest Analysis *

(Dollars in Thousands)

Unaudited

	For The Three Months Ended December 31						For The Year Ended December 31
	2004			2003			2004			2003
Earning assets
Loans and leases:
Interest (TE)	$	17,182		$	13,521		$	60,809		$	56,890
Average balance		1,128,631			854,358			1,000,713			860,303
Yield		6.06	%		6.28	%		6.08	%		6.61	%
Interest bearing bank balances, federal funds sold and repos:
Interest		60			42			238			236
Average balance		7,929			15,618			14,321			25,891
Yield		3.01	%		1.07	%		1.66	%		0.91	%
Investment securities:
Interest (TE)		4,561			4,407			19,152			17,173
Average balance		377,482			377,451			394,456			356,166
Yield		4.83	%		4.67	%		4.86	%		4.82	%
Total earning assets:
Interest (TE)		21,803			17,970			80,199			74,299
Average balance		1,514,042			1,247,427			1,409,490			1,242,360
Yield		5.74	%		5.73	%		5.69	%		5.98	%
Interest bearing liabilities
Interest bearing demand deposit accounts:
Interest		67			18			175			80
Average balance		28,027			6,521			17,351			6,163
Rate		0.95	%		1.10	%		1.01	%		1.30	%
Savings and money market accounts:
Interest		1,119			1,026			4,378			4,682
Average balance		533,426			447,295			509,053			431,264
Rate		0.83	%		0.91	%		0.86	%		1.09	%
Time deposits:
Interest		3,369			3,168			12,829			14,056
Average balance		582,504			522,166			549,036			539,293
Rate		2.30	%		2.41	%		2.34	%		2.61	%
Total interest bearing deposits:
Interest		4,555			4,212			17,382			18,818
Average balance		1,143,957			975,982			1,075,440			976,720
Rate		1.58	%		1.71	%		1.62	%		1.93	%
Other interest bearing liabilities:
Interest		1,293			732			4,414			2,959
Average balance		161,263			84,495			137,008			83,293
Rate		3.19	%		3.44	%		3.22	%		3.55	%
Total interest bearing liabilities:
Interest		5,848			4,944			21,796			21,777
Average balance		1,305,220			1,060,477			1,212,448			1,060,013
Rate		1.78	%		1.85	%		1.80	%		2.05	%
Net interest income (TE)	$	15,955		$	13,026		$	58,403		$	52,522
Net interest margin (TE)		4.20	%		4.16	%		4.14	%		4.23	%
Net interest spread (TE)		3.96	%		3.88	%		3.89	%		3.93	%

* Interest amounts annualized for purposes of calculating yields and rates

TE—taxable equivalent basis