P
Pinnacle Financial Partners, Inc.
Period
FY 2025
Revenue
—
Net Income
$641.87M
Total Assets
$57.71B
Equity
$7.04B
Shares Out
151.11M
Op. Cash Flow
$759.01M
Business
Pinnacle Financial Partners is a financial holding company that operates Pinnacle Bank, a Tennessee-chartered bank providing commercial, real estate, and consumer lending; deposit services; investment, trust, and insurance products; and treasury management services across 141 branches in the Southeast. The company offers a comprehensive array of banking and financial services designed for businesses and individuals, with a market position as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA. Following a merger with Synovus completed in January 2026, Pinnacle operates as a combined entity with expanded geographic reach and product capabilities, maintaining its community-bank approach while delivering sophisticated financial solutions.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Loans, including fees | 2,288 | 2,221 | 1,950 | |
| Taxable | 261 | 221 | 140 | |
| Tax-exempt | 107 | 98 | 98 | |
| Federal funds sold and other | 139 | 159 | 165 | |
| Total interest income | 2,796 | 2,698 | 2,353 | |
| Deposits | 1,127 | 1,203 | 983 | |
| Securities sold under agreements to repurchase | 5 | 5 | 4 | |
| Federal Home Loan Bank advances and other borrowings | 115 | 124 | 104 | |
| Interest Expense, Operating | 1,247 | 1,333 | 1,091 | |
| Net interest income | 1,548 | 1,366 | 1,262 | |
| Provision for credit losses | 107 | 121 | 94 | |
| Net interest income after provision for credit losses | 1,441 | 1,245 | 1,169 | |
| Total noninterest income | 507 | 371 | 433 | |
| Salaries and employee benefits | 721 | 621 | 532 | |
| Equipment and occupancy | 195 | 166 | 139 | |
| Other real estate expense, net | 687,000 | 220,000 | 315,000 | |
| Marketing and other business development | 37 | 27 | 24 | |
| Postage and supplies | 13 | 12 | 11 | |
| Amortization of intangibles | 6 | 6 | 7 | |
| Merger-related expenses | 22 | 0 | 0 | |
| Other noninterest expense | 172 | 203 | 174 | |
| Total noninterest expense | 1,168 | 1,035 | 888 | |
| Income before income taxes | 780 | 581 | 714 | |
| Income tax expense | 138 | 106 | 152 | |
| Net income | 642 | 475 | 562 | |
| Preferred stock dividends | −15 | −15 | −15 | |
| Net income available to common shareholders | 627 | 460 | 547 | |
| Basic net income per common share | 8.15 | 6.01 | 7.2 | |
| Diluted net income per common share | 8.07 | 5.96 | 7.14 | |
| Basic | 77 | 76 | 76 | |
| Diluted | 78 | 77 | 77 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and noninterest-bearing due from banks | 358 | 320 | — | — | |
| Restricted cash | 91 | 94 | — | — | |
| Interest-bearing due from banks | 3,116 | 3,022 | — | — | |
| Cash and cash equivalents | 3,565 | 3,436 | — | — | |
| Securities Purchased under Agreements to Resell | 96 | 66 | — | — | |
| Securities available-for-sale, at fair value | 6,567 | 5,582 | — | — | |
| Securities held-to-maturity (fair value of $2.4 billion and $2.6 billion, net of allowance for credit losses of $1.7 million and $1.7 million at Dec. 31, 2025 and 2024, respectively) | 2,591 | 2,799 | — | — | |
| Consumer loans held-for-sale | 92 | 176 | — | — | |
| Commercial loans held-for-sale | 6 | 20 | — | — | |
| Financing Receivable, before Allowance for Credit Loss | 39,154 | 35,486 | — | — | |
| Financing Receivable, Allowance for Credit Losses | 442 | 414 | 353 | 301 | |
| Financing Receivable, after Allowance for Credit Loss | 38,712 | 35,071 | — | — | |
| Premises and equipment, net | 340 | 311 | — | — | |
| Equity method investment | 392 | 437 | — | — | |
| Accrued interest receivable | 220 | 214 | — | — | |
| Goodwill | 1,849 | 1,849 | — | — | |
| Core deposits and other intangible assets | 30 | 21 | — | — | |
| Other real estate owned | 8 | 1 | — | — | |
| Other assets | 3,239 | 2,605 | — | — | |
| Total assets | 57,706 | 52,589 | — | — | |
| Non-interest-bearing | 9,047 | 8,170 | — | — | |
| Interest-bearing | 15,649 | 14,125 | — | — | |
| Savings and money market accounts | 17,628 | 16,197 | — | — | |
| Time Deposits | 5,073 | 4,350 | — | — | |
| Total deposits | 47,397 | 42,843 | — | — | |
| Securities sold under agreements to repurchase | 316 | 230 | — | — | |
| Federal Home Loan Bank advances | 1,778 | 1,874 | — | — | |
| Subordinated debt and other borrowings | 427 | 426 | — | — | |
| Accrued interest payable | 48 | 56 | — | — | |
| Other liabilities | 696 | 729 | — | — | |
| Total liabilities | 50,662 | 46,158 | — | — | |
| Preferred stock, no par value; 10.0 million shares authorized; 225,000 shares non-cumulative perpetual preferred stock, Series B, liquidation preference $225.0 million, issued and outstanding at Dec. 31, 2025 and 2024, respectively | 217 | 217 | — | — | |
| Common stock, par value $1.00; 180.0 million shares authorized; 77.7 million and 77.2 million shares issued and outstanding at Dec. 31, 2025 and 2024, respectively | 78 | 77 | — | — | |
| Additional paid-in capital | 3,144 | 3,130 | — | — | |
| Retained earnings | 3,728 | 3,176 | — | — | |
| Accumulated other comprehensive loss, net of taxes | −123 | −168 | — | — | |
| Total shareholders' equity | 7,044 | 6,432 | 6,036 | 5,519 | |
| Total liabilities and shareholders' equity | 57,706 | 52,589 | — | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Net amortization/accretion of premium/discount on securities | 42 | 51 | 59 | |
| Depreciation, amortization and accretion | 114 | 99 | 79 | |
| Gains on mortgage loans sold, net | −8 | −11 | −7 | |
| Investment losses on sales, net | 17 | 72 | 20 | |
| Gain on other equity investments, net | −11 | −17 | −9 | |
| Deferred tax expense (benefit) | −75 | −19 | 72 | |
| Losses on disposition of other real estate and other investments | 445,000 | 130,000 | 13,000 | |
| Gain on sale of fixed assets | −554,000 | −2 | −86 | |
| Income from equity method investment | −118 | −63 | −85 | |
| Dividends received from equity method investment | 163 | 72 | 37 | |
| Excess tax benefit from stock compensation | −4 | −3 | −208,000 | |
| Gains on commercial loans sold, net | −1 | −1 | −643,000 | |
| (Increase) decrease in other assets | −111 | 7 | −263 | |
| Increase (decrease) in other liabilities | −147 | 154 | 8 | |
| Net cash provided by operating activities | 759 | 904 | 478 | |
| Payments to Acquire Debt Securities, Available-for-sale | 2,275 | 2,649 | 1,115 | |
| Proceeds from Sale of Debt Securities, Available-for-sale | 271 | 899 | 313 | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | 1,104 | 325 | 139 | |
| Payments to Acquire Held-to-maturity Securities | 0 | 5 | 0 | |
| Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | 180 | 183 | 44 | |
| Net decrease (increase) in securities purchased under agreements to resell | −30 | 492 | −45 | |
| Increase in loans, net | 3,779 | 2,946 | 3,812 | |
| Payments to Acquire Loans Held-for-investment | 0 | −10 | 0 | |
| Proceeds from Sale, Loan and Lease, Held-for-Investment | 9 | 70 | 117 | |
| Purchases of premises and equipment and software | 80 | 95 | 78 | |
| Purchase of bank owned life insurance | 150 | 0 | 244 | |
| Proceeds from bank owned life insurance settlement | 5 | 4 | 4 | |
| Proceeds from sales of software, premises, and equipment | 8 | 6 | 199 | |
| Proceeds from sale of other real estate | 4 | 4 | 6 | |
| Purchase of derivative instruments | −77 | 0 | 0 | |
| Payments for (Proceeds from) Federal Home Loan Bank Stock | −11 | −5 | 37 | |
| Purchase of other intangible assets | 14 | 2 | 0 | |
| Increase in other investments | 222 | 94 | 93 | |
| Net cash used in investing activities | −5,034 | −3,672 | −4,602 | |
| Net increase in deposits | 4,554 | 4,303 | 3,579 | |
| Net increase in securities sold under agreements to repurchase | 86 | 21 | 15 | |
| Federal Home Loan Bank: Advances | 0 | 455 | 3,425 | |
| Federal Home Loan Bank: Repayments/maturities | 116 | 700 | 1,750 | |
| Principal payments of finance lease obligation | 337,000 | 384,000 | 311,000 | |
| Issuance of common stock pursuant to performance-based vesting (PSUs) and time-based vesting (RSUs) restricted stock units, net of shares withheld for taxes and related tax benefit | −21 | −14 | −4 | |
| Proceeds From Stock Options Exercised, Net of Repurchase of Restricted Shares | −8 | 6 | 3 | |
| Common dividends paid | 75 | 69 | 69 | |
| Preferred stock dividends paid | 15 | 15 | 15 | |
| Net cash provided by financing activities | 4,404 | 3,974 | 5,177 | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | 129 | 1,206 | 1,053 | |
| Proceeds from Life Insurance Policy | 0 | 141 | 0 |
Filings
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Holdings (13F)
Portfolio as of 2026-03-31 · 2,572 positions
Reported AUM
$20.42B
Holdings
2.6K
Top sector
$20.42B
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $20.42B | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| CHIPOTLE MEXICAN GRILL INC | — | 175.2K | $5.61B | 27.5% |
| CHIPOTLE MEXICAN GRILL INC | — | 46.3K | $1.48B | 7.3% |
| ISHARES TR | — | 2.94M | $628.36M | 3.1% |
| COCA COLA CO | — | 7.25M | $551.63M | 2.7% |
| ISHARES TR | — | 1.18M | $503.25M | 2.5% |
| GLOBAL PMTS INC | — | 7.01M | $471.96M | 2.3% |
| CHIPOTLE MEXICAN GRILL INC | — | 7.9K | $253.87M | 1.2% |
| ISHARES TR | — | 985.3K | $244.36M | 1.2% |
| PINNACLE FINL PARTNERS INC | — | 2.69M | $232.03M | 1.1% |
| STATE STR SPDR S&P 500 ETF T | — | 332.7K | $216.34M | 1.1% |
Frequently asked questions
What is Pinnacle Financial Partners, Inc.'s CIK number?
Pinnacle Financial Partners, Inc.'s SEC CIK number is 0002082866 (2082866). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Pinnacle Financial Partners, Inc.'s SEC filings?
All of Pinnacle Financial Partners, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Pinnacle Financial Partners, Inc. last report earnings?
Pinnacle Financial Partners, Inc. (PNFP-PA) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0002082866-26-000039). This is Pinnacle Financial Partners, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Pinnacle Financial Partners, Inc.'s most recent earnings 8-K?
Pinnacle Financial Partners, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0002082866-26-000039. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Pinnacle Financial Partners, Inc.'s latest earnings 8-K →
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