Renasant Corporation competitors
and the alternatives

Last updated Oct 19, 2026 · 9 peers · 61 sources cited

Who are Renasant Corporation's competitors, and what are the alternatives?

Renasant's 2025 10-K, filed March 2, 2026, says it competes for loans, deposits and treasury management with state, regional and national banks. It also names savings and loans, credit unions, finance companies, mortgage companies, insurers, brokerages, factoring companies, fintech companies and investment companies, many with 'larger technology and marketing budgets'. Its wealth unit competes with banks, brokerages, advisers and trust companies. After The First merger it is a leading bank in its home state. FDIC data for June 30, 2025 rank it third in Mississippi with $8.8 billion of deposits in 93 offices, behind Cadence ($10.6 billion), now part of Huntington, and Trustmark ($9.8 billion). Regions ($8.5 billion), BankPlus and Hancock Whitney follow. Elsewhere it is smaller. It ranks 11th in Georgia with $6.0 billion, behind Truist, Bank of America, Wells Fargo and Synovus, and ninth in Alabama, where Regions holds $31.6 billion and ServisFirst $9.0 billion. In Tennessee it is 22nd, behind First Horizon and Pinnacle, and in Florida 48th. Every regional named here sits in Renasant's own 2025 compensation peer group or holds more deposits in its states. Mortgage is a national line: Renasant originated about $2.4 billion of home loans for sale in 2025, against mortgage companies its 10-K names. Among non-banks, Chime had 10.4 million active members in June 2026, and Block lists banks among Square's competitors.[1][2][3][4][5][6][7][8][9][10]

Data as of Oct 19, 2026 · Renasant profile updated Oct 13, 2026 · computed tables recalculate from the 140 bank profiles on this site · Markdown

What does Renasant say about its competition?

"Vigorous competition exists in all major product and geographic areas in which we conduct banking business. We compete through the Bank for available loans and deposits and the provision of other financial services (such as treasury management) with state, regional and national banks as well as savings and loan associations, credit unions, finance companies, mortgage companies, insurance companies, brokerage firms, factoring companies, fintech companies and investment companies in all of our service areas. All of these numerous institutions compete in the delivery of products and services through availability, quality and pricing."[1]

"Many of our competitors are larger and have substantially greater resources than we do, including higher total assets and capitalization, larger technology and marketing budgets and a broader offering of financial services, while other competitors are not subject to regulation by federal and state banking regulators, thereby avoiding the costs and other impacts of compliance with federal and state banking regulations."[1]

On wealth management: "Our Wealth Management segment competes with other banks, brokerage firms, financial advisers and trust companies, which provide one or more of the services and products that we offer. Our wealth management operations compete on the basis of available product lines, rates and fees, as well as reputation and professional expertise. No particular company or group of companies dominates this industry in our markets."[1]

From the risk factors: "Our ability to compete successfully depends on a number of factors, including, among other things: the ability to develop, maintain and build upon long-term customer relationships based on top quality service, high ethical standards and safe and sound assets; the ability to expand our market position; the scope, relevance and pricing of products and services offered to meet customer needs and demands; consolidation in the banking industry; the impact of legislative, regulatory and technological changes and our ability to timely leverage the benefits or mitigate the risks resulting from such changes; the rate at which we introduce new products and services relative to our competitors." (2025 Form 10-K, filed March 2, 2026.)[1]

Who competes with Renasant in each of its businesses?

Business lineCompetitorTypeWhy it competes
Home region: Mississippi, Alabama and the Deep SouthTrustmarkBankSecond in Mississippi by deposits at June 30, 2025, with $9.8 billion in 95 offices against Renasant's $8.8 billion in 93, and tenth in Alabama; a member of Renasant's 2025 compensation peer group.[2][5][8]
Home region: Mississippi, Alabama and the Deep SouthHuntington (Cadence Bank)BankCadence Bank was first in Mississippi by deposits at June 30, 2025, with $10.6 billion in 86 offices, and was bought by Huntington, which closed the deal on February 2, 2026. Cadence was in Renasant's 2025 compensation peer group.[2][3][8]
Home region: Mississippi, Alabama and the Deep SouthRegions FinancialBankFirst in Alabama ($31.6 billion) and fourth in Mississippi ($8.5 billion, 98 offices) by deposits at June 30, 2025, just behind Renasant in Mississippi.[5][2]
Home region: Mississippi, Alabama and the Deep SouthHancock WhitneyBankSixth in Mississippi by deposits at June 30, 2025, with $4.3 billion; headquartered in Gulfport and a member of Renasant's 2025 compensation peer group.[2][8]
Home region: Mississippi, Alabama and the Deep SouthBankPlusBankFifth in Mississippi by deposits at June 30, 2025, with $5.3 billion in 57 offices.[2]
Home region: Mississippi, Alabama and the Deep SouthServisFirst BancsharesBankFourth in Alabama by deposits at June 30, 2025, with $9.0 billion in 13 offices, against Renasant's $3.0 billion in 38; a member of Renasant's 2025 compensation peer group.[5][8]
Commercial banking in Georgia and TennesseePinnacle Financial Partners (Synovus)BankSecond in Tennessee ($30.2 billion) by deposits at June 30, 2025, and owner of Synovus, fourth in Georgia ($27.3 billion); Renasant ranks 22nd in Tennessee and 11th in Georgia. A member of Renasant's 2025 compensation peer group.[6][4][11][8]
Commercial banking in Georgia and TennesseeFirst HorizonBankFirst in Tennessee by deposits at June 30, 2025, with $31.0 billion in 135 offices.[6]
Commercial banking in Georgia and TennesseeAmeris BancorpBankFifth in Georgia by deposits at June 30, 2025, with $14.9 billion against Renasant's $6.0 billion; Ameris sits in Renasant's 2025 compensation peer group.[4][8]
Commercial banking in Georgia and TennesseeUnited Community BanksBankSeventh in Georgia by deposits at June 30, 2025, with $11.5 billion, and a member of Renasant's 2025 compensation peer group.[4][8]
Retail deposits, checking and everyday digital bankingTruistBankFirst in Georgia by deposits at June 30, 2025, with $69.0 billion, and fifth in Tennessee; Renasant holds $6.0 billion in Georgia.[4][6]
Retail deposits, checking and everyday digital bankingBank of AmericaBankSecond in Georgia ($53.7 billion) and first in Florida by deposits at June 30, 2025; 60 million clients use its digital capabilities.[4][7][12]
Retail deposits, checking and everyday digital bankingChimeFintechOne of the fintech companies Renasant's 10-K names, and one with 'fewer regulatory constraints' of the kind it describes; Chime had 10.4 million active members at June 30, 2026 and claims a cost advantage by avoiding branches.[1][13][9]
Retail deposits, checking and everyday digital bankingCash App (Block)FintechBlock's 2025 10-K lists banks among Cash App's competitors in peer-to-peer payments and debit cards; Cash App had 59 million monthly transacting actives in December 2025.[10]
Mortgage lendingMortgage companiesNon-bank lenderRenasant's 10-K names mortgage companies among its competitors; its Mortgage division originated about $2.4 billion of residential loans for sale in the secondary market in 2025, and rate-lock volume was $611.6 million in the second quarter of 2026.[1][14]
Mortgage lendingTrustmarkBankIn June 2026 Trustmark sold nonperforming mortgage loans, cutting nonperforming assets 47% in the quarter; it is Renasant's largest Mississippi-based rival by deposits.[15][2]
Small business banking and paymentsBank of AmericaBankCalls itself the number one small business lender in the US, citing FDIC data, serving 4 million small businesses.[12]
Small business banking and paymentsSquare (Block)Payments companyBlock's 10-K lists 'banks that provide payment processing, checking, savings, loans, and payroll' among Square's competitors, the services Renasant sells with treasury management.[10][1]
Wealth management and trustHancock Whitney (Sabal Trust)BankExpanded its Wealth Access platform from Sabal Trust to the front door for wealth services across the bank in March 2026; Renasant's 10-K names other banks and trust companies as wealth competitors.[16][1]
Wealth management and trustRobinhoodBroker or asset managerA brokerage firm of the kind Renasant's 10-K lists as a wealth competitor; Robinhood had 28.4 million funded customers and $369 billion of platform assets at June 30, 2026.[1][17]

How do the AI and digital offerings of Renasant's competitors compare?

Renasant first, then each competitor. Use-case counts, index scores and latest moves are computed from our profiles of each company; "No profile" means this site has no page on it yet.

CompanyAI or digital offeringOn the record (our profiles)Latest dated AI move
Renasant Corporation (this page)Not disclosedIndex 2.4 (#111); 12 use cases, 12 in productionVendor StrategyCorps buys AI-native Quantuma (Sep 17, 2026)[18]
TrustmarkAI initiatives planned after replacing a 45-year-old core (July 2026)[19][20]Index 18.7 (#98); 10 use cases, 6 in productionQ2 2026 10-Q: AI references remain macro commentary (Aug 5, 2026)[21]
Huntington (Cadence Bank)Agentic process transformation, run from finance[22][23][24]Index 84.2 (#13); 17 use cases, 15 in productionNamed a Coverbase enterprise customer (Sep 29, 2026)[25]
Regions FinancialIn-house native app with personalized insights; 2.7 million active mobile users[26][27]Index 83.8 (#15); 15 use cases, 13 in productionCore deposits planned for 2027 (Oct 6, 2026)[28]
Hancock WhitneyMX-built mobile app rated sixth best among banks and credit unions (per an MX session description)[29]Index 37.4 (#78); 11 use cases, 5 in production'AI is raising business cyber risk' guidance (Sep 9, 2026)[30]
BankPlusNot disclosedNo profileNot disclosed
ServisFirst BancsharesCovecta agentic AI across operations (September 2026)[31]Index 39.7 (#72); 6 use cases, 4 in productionTrade press frames Covecta as a third US bank client (Sep 15, 2026)[32]
Pinnacle Financial Partners (Synovus)Head of AI and almost 20 AI engineers; ChatPFP banker assistant[33][34]Index 65.3 (#42); 12 use cases, 9 in productionChief digital officer: 200,000-plus customers move to a new app in March 2027 (Oct 1, 2026)[35]
First HorizonChatFHN internal assistant, about 15 months in production (June 2026)[36]Index 68.7 (#36); 16 use cases, 7 in productionAI file-organisation tool saves hundreds of hours in three months (Oct 1, 2026)[37]
Ameris BancorpGenerative AI and machine-learning tools in limited internal use[38]Index 20.7 (#97); 11 use cases, 9 in productionQ2 2026 10-Q: no AI language; technology cost and premium finance figures (Aug 7, 2026)[39]
United Community BanksContact-center chatbots and vendor fraud AI[40]Index 38.7 (#75); 13 use cases, 8 in productionCustomer guidance on AI-enabled scams (Sep 18, 2026)[41]
TruistTruist Assist chatbot: 12.5 million+ requests from 2023 to March 2026[42]Index 82.6 (#16); 15 use cases, 13 in productionMid-table on AI-judged reputation (Sep 18, 2026)[43]
Bank of AmericaErica virtual assistant: more than 24.6 million clients helped[12]Index 97.3 (#1); 18 use cases, 16 in productionTreasury, FinCEN and OCC impose $1.21 billion in AML and sanctions penalties (Oct 13, 2026)[44][45][46]
ChimeJade, an in-app AI financial partner available to some members[47]8 use cases, 6 in productionAgreement to acquire Stride Bank (Sep 8, 2026)[48]
Cash App (Block)Moneybot consumer agent: over 1 million weekly engaged accounts (June 30, 2026)[49]7 use cases, 6 in productionQ2 2026: Moneybot passes 1 million weekly engaged accounts (Aug 5, 2026)[49]
Mortgage companiesNot disclosedNo profileNot disclosed
Square (Block)Managerbot, an AI business agent for Square sellers[50]7 use cases, 6 in productionQ2 2026: Moneybot passes 1 million weekly engaged accounts (Aug 5, 2026)[49]
Hancock Whitney (Sabal Trust)MX-powered digital banking modernisation[51][29][52][30][53]Index 37.4 (#78); 11 use cases, 5 in production'AI is raising business cyber risk' guidance (Sep 9, 2026)[30]
RobinhoodCortex AI research tools (nearly 1 million customers had used Cortex Digests by April 2026)[54]8 use cases, 3 in productionRobinhood Agents, weekend trading and perpetual futures unveiled at HOOD Summit (Sep 29, 2026)[55][56]

Who should look beyond Renasant, and where?

If you areLook atWhy
Customers who want an AI virtual assistant in the banking appBank of America (Erica) or Truist (Truist Assist)Renasant has disclosed no customer-facing AI assistant. Erica helps more than 24.6 million clients, and Truist Assist logged 12.5 million+ requests from 2023 to March 2026.[1][12][42]
People who need branches outside the SoutheastJPMorgan Chase or Bank of AmericaRenasant's deposits are booked in Mississippi, Georgia, Alabama, Florida and Tennessee among other Southeastern states (June 30, 2025). Chase reported 5,083 branches in 2025, and Bank of America runs 3,500 financial centers.[2][4][5][57][12]
Customers who want a branchless, app-only checking accountChimeRenasant is a branch-based bank. Chime's model avoids branches and ATMs, it had 10.4 million active members at June 30, 2026, and some members can use Jade, its AI financial partner.[1][13][9][47]
Tennessee businesses that want a bank with a large local deposit baseFirst Horizon or PinnacleRenasant ranks 22nd in Tennessee by deposits, with $1.6 billion in 18 offices (June 30, 2025). First Horizon holds $31.0 billion and Pinnacle $30.2 billion there.[6]
Investors who want self-directed trading with AI research toolsRobinhoodRenasant's Wealth Management segment works through trust and financial-services divisions, and its 10-K names brokerage firms and financial advisers among its competitors. Robinhood had 28.4 million funded customers at June 30, 2026, and nearly 1 million had used its Cortex Digests AI summaries by April 2026.[1][17][54]
Sellers who want card acceptance, point-of-sale software and banking from one providerSquare (Block)Block's 10-K lists banks that provide payment processing, checking, savings, loans and payroll among Square's competitors; Square sellers also get Managerbot, an AI business agent.[10][50]

Where does Renasant rank by deposits in its main states, and who is bigger?

FDIC Summary of Deposits data as of June 30, 2025, after The First merger: deposits booked in each bank's offices in the state, summed by institution. Figures are rounded. Cadence became part of Huntington on February 2, 2026, and Synovus part of Pinnacle on January 1, 2026.

StateRenasant deposits (offices)Renasant rankLarger banks in the state
Mississippi$8.8 billion (93)3rd of 82Cadence $10.6 billion, Trustmark $9.8 billion[2]
Georgia$6.0 billion (75)11th of 187Truist $69.0 billion, Bank of America $53.7 billion, Wells Fargo $46.1 billion, Synovus $27.3 billion, Ameris $14.9 billion, JPMorgan Chase $13.3 billion, United Community $11.5 billion and others[4]
Alabama$3.0 billion (38)9th of 132Regions $31.6 billion, PNC $11.1 billion, Wells Fargo $9.6 billion, ServisFirst $9.0 billion, Synovus $7.1 billion and others[5]
Florida$1.8 billion (27)48th of 195Bank of America $170.8 billion and many others[7]
Tennessee$1.6 billion (18)22nd of 170First Horizon $31.0 billion, Pinnacle $30.2 billion, Regions $22.9 billion and others[6]

Which banks does Renasant benchmark itself against?

Renasant's 2026 proxy lists 21 compensation peers chosen for 2025 on the assumption that The First merger would close in the first half of that year: Ameris, Atlantic Union, Bank OZK, Cadence, Commerce, Enterprise Financial, First Financial, Hancock Whitney, Hilltop, Home BancShares, Pinnacle, Prosperity, Seacoast, ServisFirst, Simmons, Texas Capital, TowneBank, Trustmark, United Bankshares, United Community and WesBanco. The group ranged from $14.6 billion to $49.4 billion of assets at June 30, 2024.[8]

Consolidation has reshaped the list since. Cadence is now part of Huntington, Synovus is part of Pinnacle, and Home BancShares bought Mountain Commerce in April 2026. Renasant's 10-K lists consolidation in the banking industry among the factors that decide how well it competes.[3][11][58][1]

Who are Renasant's biggest competitors?

In Mississippi, Cadence (now Huntington) and Trustmark hold more deposits, with Regions, BankPlus and Hancock Whitney behind Renasant (FDIC, June 30, 2025). In Georgia, Truist, Bank of America, Wells Fargo, Synovus (Pinnacle), Ameris and United Community are larger; in Alabama, Regions and ServisFirst. Its 10-K adds fintechs, credit unions, mortgage and factoring companies.[2][4][5][1]

Is Trustmark a competitor of Renasant?

Yes, the most direct one in Mississippi. Trustmark held $9.8 billion of Mississippi deposits in 95 offices at June 30, 2025, against Renasant's $8.8 billion in 93, and sits in Renasant's compensation peer group. Trustmark replaced its 45-year-old core in April 2026 and runs 138 interactive teller machines across 160 full-service branches.[2][8][59][60]

Is Chime a competitor of Renasant?

In deposits, yes by category: Renasant's 10-K names fintech companies and competitors with fewer regulatory constraints, and Chime's 10-K says its digital-first model gives it a cost advantage over traditional banks. Chime had 10.4 million active members at June 30, 2026. Neither company names the other.[1][13][9]

Who competes with Renasant in Georgia?

Truist ($69.0 billion of Georgia deposits), Bank of America ($53.7 billion), Wells Fargo ($46.1 billion), Synovus ($27.3 billion, now Pinnacle), Ameris ($14.9 billion), JPMorgan Chase ($13.3 billion) and United Community ($11.5 billion) are among the banks larger than Renasant, which ranks 11th with $6.0 billion (FDIC, June 30, 2025).[4]

What are alternatives to Renasant for small business banking?

Bank of America calls itself the number one US small business lender, citing FDIC data, with 4 million small-business clients, and Square sells payments, point-of-sale software and banking to sellers. In Alabama, ServisFirst is a commercial bank with $9.0 billion of state deposits in 13 offices.[12][10][5]

Who competes with Renasant in mortgage lending?

Renasant's 10-K names mortgage companies, credit unions and other banks among its competitors. Its Mortgage division originated about $2.4 billion of residential loans for sale in 2025, and rate locks reached $611.6 million in the second quarter of 2026, up $69.3 million on the quarter.[1][14]

Renasant vs Regions: how do they compare?

Regions is far larger across the South: first in Alabama with $31.6 billion of deposits and fourth in Mississippi with $8.5 billion, just behind Renasant's $8.8 billion (FDIC, June 30, 2025). Regions reports 2.7 million active mobile users on an in-house app with personalized insights; Renasant reports no digital-user figure.[5][2][27][26]

Is Hancock Whitney a competitor of Renasant?

Yes. Hancock Whitney, headquartered in Gulfport, was sixth in Mississippi by deposits at June 30, 2025, with $4.3 billion, and it sits in Renasant's 2025 compensation peer group. It has also been buying in Florida, closing One Florida Bank in August 2026, and its new MX-built mobile app was rated sixth best among banks and credit unions per an MX session description.[2][8][61][29]

Does Renasant compete with Huntington after the Cadence deal?

Yes. Cadence Bank was the largest bank by Mississippi deposits at June 30, 2025, with $10.6 billion in 86 offices, and seventh in Alabama. Huntington completed its purchase of Cadence on February 2, 2026, adding 390 branches, so a Midwest bank is now Renasant's largest rival in its home state.[2][5][3]

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    FDIC · Jun 30, 2025
  3. Huntington Bank Completes Merger with Cadence Bank, Expanding Presence Across Texas and the South
    Huntington (PR Newswire) · Feb 2, 2026
  4. FDIC Summary of Deposits, Georgia branches, deposits aggregated by institution (June 30, 2025)
    FDIC · Jun 30, 2025
  5. FDIC Summary of Deposits, Alabama branches, deposits aggregated by institution (June 30, 2025)
    FDIC · Jun 30, 2025
  6. FDIC Summary of Deposits, Tennessee branches, deposits aggregated by institution (June 30, 2025)
    FDIC · Jun 30, 2025
  7. FDIC Summary of Deposits, Florida branches, deposits aggregated by institution (June 30, 2025)
    FDIC · Jun 30, 2025
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    PR Newswire (Wealth Access) · Mar 2, 2026
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    Business Wire via FT Markets · Jul 7, 2026
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    Hancock Whitney · Sep 9, 2026
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