P
Pinnacle Financial Partners, Inc.
PNFP-PCCIK 0002082866NYSELarge AcceleratedNational Commercial BanksGeorgiaFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$641.87M
Total Assets
$57.71B
Equity
$7.04B
Shares Out
77.66M
Op. Cash Flow
$759.01M
Business
Pinnacle Financial Partners, Inc. is a publicly listed company in National Commercial Banks, incorporated in Georgia. Common stock trades on NYSE under the ticker PNFP.
Auto-generated from company profile
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 2025-12-31 · 4,038 positions
Reported AUM
$35.68B
Holdings
4.0K
Top sector
$35.68B
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $35.68B | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| CHIPOTLE MEXICAN GRILL INC | — | 172.5K | $6.38B | 17.9% |
| CHIPOTLE MEXICAN GRILL INC | — | 91.6K | $3.39B | 9.5% |
| CHIPOTLE MEXICAN GRILL INC | — | 91.6K | $3.39B | 9.5% |
| ISHARES TR | — | 2.95M | $620.90M | 1.7% |
| ISHARES TR | — | 2.95M | $620.90M | 1.7% |
| GLOBAL PMTS INC | — | 7.51M | $581.06M | 1.6% |
| GLOBAL PMTS INC | — | 7.51M | $581.06M | 1.6% |
| ISHARES TR | — | 1.17M | $555.40M | 1.6% |
| ISHARES TR | — | 1.17M | $555.40M | 1.6% |
| COCA COLA CO | — | 7.46M | $521.61M | 1.5% |