Pinnacle Financial Partners, Inc.

PNFP 10-Q · Q1 2026

PNFP Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Interest And Fee Income Loans And Leases Held In Portfolio 1,260 548 +129.9%
Interest Income Debt Securities Operating 197 87 +126.4%
Other Interest And Dividend Income 57 34 +67.6%
Interest And Dividend Income Operating 1,514 669 +126.3%
Interest Expense Deposits 521 274 +90.1%
Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term 59 29 +103.4%
Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase 1 1 0.0%
Interest Expense Operating 581 304 +91.1%
Interest Income Expense Net 933 365 +155.6%
Show Business Segments breakouts
Banking · Operating Segments 757 349 +116.9%
Wealth · Operating Segments 8 2 +300.0%
Show Consolidation Items breakouts
Treasury and Corporate Other 167 14 +1092.9%
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal 76 17 +347.1%
Show Business Segments breakouts
Banking · Operating Segments 74 16 +362.5%
Show Consolidation Items breakouts
Treasury and Corporate Other 1 1 0.0%
Interest Income Expense After Provision For Loan Loss 857 348 +146.3%
Show Business Segments breakouts
Banking · Operating Segments 682 333 +104.8%
Wealth · Operating Segments 8 2 +300.0%
Show Consolidation Items breakouts
Treasury and Corporate Other 166 13 +1176.9%
Core Banking Fee Income 91 32 +184.4%
Show Business Segments breakouts
Banking · Operating Segments 81 25 +224.0%
Show Consolidation Items breakouts
Treasury and Corporate Other 10 7 +42.9%
Wealth Management Revenue 84 33 +154.5%
Show Business Segments breakouts
Banking · Operating Segments 4 5 -20.0%
Wealth · Operating Segments 80 28 +185.7%
Income Loss From Equity Method Investments 31 20 +55.0%
Capital Markets Income 18 3 +500.0%
Show Business Segments breakouts
Banking · Operating Segments 18 3 +500.0%
Loan Sales And Servicing Revenue 10 6 +66.7%
Show Business Segments breakouts
Banking · Operating Segments 10 6 +66.7%
Bank Owned Life Insurance Income 20 10 +100.0%
Debt And Equity Securities Gain Loss 3 -13 +123.1%
Noninterest Income Other 27 6 +350.0%
Noninterest Income 284 97 +192.8%
Show Business Segments breakouts
Banking · Operating Segments 116 41 +182.9%
Wealth · Operating Segments 81 28 +189.3%
Show Consolidation Items breakouts
Treasury and Corporate Other 88 28 +214.3%
Labor And Related Expense 396 172 +130.2%
Show Business Segments breakouts
Banking · Operating Segments 208 111 +87.4%
Wealth · Operating Segments 51 19 +168.4%
Show Consolidation Items breakouts
Treasury and Corporate Other 137 42 +226.2%
Occupancy Net 97 42 +131.0%
Show Business Segments breakouts
Banking · Operating Segments 40 18 +122.2%
Wealth · Operating Segments 2 — —
Show Consolidation Items breakouts
Treasury and Corporate Other 56 24 +133.3%
Amortization Of Intangible Assets 48 1 +4700.0%
F D I C Insurance And Other Regulatory Fees 23 11 +109.1%
Business Combination Acquisition Related Costs 275 — —
Show Merger-Related Costs [Axis] breakouts
Advisory Fee · Synovus Financial Corp 100 — —
Equity Acceleration Expense · Synovus Financial Corp 70 — —
Other Acquisition-Related Costs · Synovus Financial Corp 15 — —
Other Employee-Related Costs · Synovus Financial Corp 91 — —
Show Consolidation Items breakouts
Treasury and Corporate Other 272 — —
Treasury and Corporate Other · Synovus Financial Corp 275 — —
Show Business Acquisition breakouts
Synovus Financial Corp 275 — —
Other Noninterest Expense 113 49 +130.6%
Noninterest Expense 952 275 +246.2%
Show Business Segments breakouts
Banking · Operating Segments 303 151 +100.7%
Wealth · Operating Segments 62 20 +210.0%
Show Consolidation Items breakouts
Treasury and Corporate Other 587 104 +464.4%
Income Before Taxes 189 170 +11.2%
Show Business Segments breakouts
Banking · Operating Segments 495 223 +122.0%
Wealth · Operating Segments 28 10 +180.0%
Show Consolidation Items breakouts
Treasury and Corporate Other -333 -63 -428.6%
Income Tax Expense (Benefit) 39 30 +30.0%
Net Income 150 140 +7.1%
Show Equity Components breakouts
Retained Earnings 150 140 +7.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Bankers Healthcare Group, LLC 69 44 +56.8%
Preferred Stock Dividends Income Statement Impact 15 4 +275.0%
Net Income Loss Available To Common Stockholders Basic 135 136 -0.7%
EPS (Basic) 0.89 1.78 -50.0%
EPS (Diluted) 0.89 1.77 -49.7%
Wtd Avg Shares (Basic) 150,998 76,727 +96.8%
Wtd Avg Shares (Diluted) 151,471 76,965 +96.8%
Revenue (Q) — — —
Show Equity Method Investment Nonconsolidated Investee breakouts
Bankers Healthcare Group, LLC 302 241 +25.3%
Comprehensive Income 48 142 -66.2%
Other Comprehensive Income -102 2 -5200.0%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent -1 8 -112.5%
Accumulated Net Unrealized Investment Gain Loss -100 -4 -2400.0%
Accumulated Other Comprehensive Income -102 2 -5200.0%
Net unamortized holding (losses) gains on AFS securities transferred to HTM -1 -2 +50.0%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -1 9 -111.1%
Provision For Loan Lease And Other Losses 71 17 +317.6%
Show Valuation Allowances And Reserves Type breakouts
Commercial Real Estate -48 -12 -300.0%
Consumer Portfolio Segment 58 9 +544.4%
Total commercial and industrial 60 21 +185.7%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Non-Current Assets
Goodwill 3,478 — —
Show Reporting Unit breakouts
Banking 3,104 — —
Wealth 374 — —
Total Assets 122,766 — —
Show Equity Method Investment Nonconsolidated Investee breakouts
Bankers Healthcare Group, LLC 4,443 — —
Intangible Assets 1,091 — —
Show Finite Lived Intangible Assets By Major Class breakouts
Core Deposits 811 — —
Customer Relationships 8 — —
Other Intangible Assets 15 — —
Wealth Customer Relationships 257 — —
Other Assets
Cash And Due From Banks 609 — —
Federal Funds Sold And Securities Purchased Under Agreements To Resell And Interest Earning Deposits With Banks 5,309 — —
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 5,918 3,879 +52.6%
Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss 2,539 — —
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 19 — —
Fair Value Inputs Level2 2,322 — —
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 2,539 — —
Estimate Of Fair Value Fair Value Disclosure 2,341 — —
Debt Securities Available For Sale Excluding Accrued Interest 16,939 — —
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Fair Value Measurements Recurring 2,723 — —
Fair Value Inputs Level1 · US Treasury Securities 2,723 — —
Fair Value Inputs Level2 · Corporate notes and other 279 — —
Fair Value Inputs Level2 · Fair Value Measurements Recurring 14,216 — —
Fair Value Inputs Level2 · Mortgage Backed Securities 12,338 — —
Fair Value Inputs Level2 · US Government Agencies Debt Securities 192 — —
Fair Value Inputs Level2 · US States And Political Subdivisions 1,407 — —
Show Financial Instrument breakouts
Corporate Debt Securities 279 — —
Corporate notes and other 279 — —
Corporate notes and other · Fair Value Measurements Recurring 279 — —
Mortgage Backed Securities 12,338 — —
Mortgage Backed Securities · Fair Value Measurements Recurring 12,338 — —
US Government Agencies Debt Securities 192 — —
US Government Agencies Debt Securities · Fair Value Measurements Recurring 192 — —
US States And Political Subdivisions 1,407 — —
US States And Political Subdivisions · Fair Value Measurements Recurring 1,407 — —
US Treasury Securities 2,723 — —
US Treasury Securities · Fair Value Measurements Recurring 2,723 — —
Show Fair Value By Measurement Frequency breakouts
Fair Value Measurements Recurring 16,939 — —
Loans Receivable Held For Sale Amount 251 — —
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 205 — —
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 205 — —
Estimate Of Fair Value Fair Value Disclosure 205 — —
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss 85,197 — —
Show Business Segments breakouts
Banking · Operating Segments 83,642 — —
Wealth · Operating Segments 1 — —
Show Legal Entity breakouts
Pinnacle Bank · Bankers Healthcare Group, LLC 92 — —
Show Consolidation Items breakouts
Treasury and Corporate Other 1,554 — —
Show Financing Receivable Portfolio breakouts
Commercial Real Estate 23,760 — —
Commercial Real Estate · 1-4 family properties 1,928 — —
Commercial Real Estate · 1-4 family properties 2 — —
Commercial Real Estate · 1-4 family properties 2 — —
Commercial Real Estate · 1-4 family properties 1,935 — —
Commercial Real Estate · Accruing 30-89 Days Past Due 6 — —
Commercial Real Estate · Current 23,628 — —
Commercial Real Estate · Investment properties 20,763 — —
Commercial Real Estate · Investment properties 4 — —
Commercial Real Estate · Investment properties 4 — —
Commercial Real Estate · Investment properties 20,888 — —
Commercial Real Estate · Land and development 937 — —
Commercial Real Estate · Land and development 937 — —
Commercial Real Estate · Total Accruing Past Due 6 — —
Consumer Portfolio Segment 13,240 — —
Consumer Portfolio Segment · Accruing 30-89 Days Past Due 52 — —
Consumer Portfolio Segment · Accruing 90 Days or Greater Past Due 3 — —
Consumer Portfolio Segment · Consumer Loan 8,153 — —
Consumer Portfolio Segment · Consumer Loan 20 — —
Consumer Portfolio Segment · Consumer Loan 20 — —
Consumer Portfolio Segment · Consumer Loan 8,234 — —
Consumer Portfolio Segment · Credit Card Receivables 223 — —
Consumer Portfolio Segment · Credit Card Receivables 2 — —
Consumer Portfolio Segment · Credit Card Receivables 2 — —
Consumer Portfolio Segment · Credit Card Receivables 4 — —
Consumer Portfolio Segment · Credit Card Receivables 227 — —
Consumer Portfolio Segment · Current 13,100 — —
Consumer Portfolio Segment · Home Equity 3,120 — —
Consumer Portfolio Segment · Home Equity 18 — —
Consumer Portfolio Segment · Home Equity 1 — —
Consumer Portfolio Segment · Home Equity 19 — —
Consumer Portfolio Segment · Home Equity 3,157 — —
Consumer Portfolio Segment · Other consumer loans 1,604 — —
Consumer Portfolio Segment · Other consumer loans 12 — —
Consumer Portfolio Segment · Other consumer loans 12 — —
Consumer Portfolio Segment · Other consumer loans 1,622 — —
Consumer Portfolio Segment · Total Accruing Past Due 55 — —
Total commercial and industrial 48,197 — —
Total commercial and industrial · Accruing 30-89 Days Past Due 51 — —
Total commercial and industrial · Accruing 90 Days or Greater Past Due 5 — —
Total commercial and industrial · Commercial, financial and agricultural 33,930 — —
Total commercial and industrial · Commercial, financial and agricultural 42 — —
Total commercial and industrial · Commercial, financial and agricultural 5 — —
Total commercial and industrial · Commercial, financial and agricultural 47 — —
Total commercial and industrial · Commercial, financial and agricultural 34,151 — —
Total commercial and industrial · Current 47,893 — —
Total commercial and industrial · Owner-occupied 13,963 — —
Total commercial and industrial · Owner-occupied 9 — —
Total commercial and industrial · Owner-occupied 9 — —
Total commercial and industrial · Owner-occupied 14,046 — —
Total commercial and industrial · Total Accruing Past Due 56 — —
Show Financing Receivables Period Past Due breakouts
Accruing 30-89 Days Past Due 109 — —
Accruing 90 Days or Greater Past Due 8 — —
Current 84,621 — —
Total Accruing Past Due 117 — —
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest -942 -417 -125.9%
Show Valuation Allowances And Reserves Type breakouts
Commercial Real Estate -217 -99 -119.2%
Consumer Portfolio Segment -236 -89 -165.2%
Total commercial and industrial -489 -230 -112.6%
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss 84,255 — —
Bank Owned Life Insurance 2,181 — —
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 907 — —
Core Deposits And Other Intangible Assets Net 1,091 — —
Other Assets 5,207 — —
Non-Current Liabilities
Total Liabilities 108,172 — —
Show Equity Method Investment Nonconsolidated Investee breakouts
Bankers Healthcare Group, LLC 3,951 — —
Other Liabilities
Noninterest Bearing Deposit Liabilities 20,388 — —
Interest Bearing Deposit Liabilities And Time Deposits 79,715 — —
Deposits 100,103 — —
Show Business Segments breakouts
Banking · Operating Segments 88,433 — —
Wealth · Operating Segments 2,477 — —
Show Consolidation Items breakouts
Treasury and Corporate Other 9,193 — —
Federal Funds Purchased And Securities Sold Under Agreements To Repurchase 308 — —
Federal Home Loan Bank F H L B Advances And Other Borrowings 5,741 — —
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 5,769 — —
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 5,741 — —
Estimate Of Fair Value Fair Value Disclosure 5,769 — —
Other Liabilities 2,020 — —
Stockholders' Equity
Preferred Stock Value 781 — —
Common Stock 151 — —
Additional Paid-In Capital 10,102 — —
Accumulated Other Comprehensive Income -225 — —
Retained Earnings 3,785 — —
Total Stockholders' Equity 14,594 6,543 +123.0%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent -31 -18 -72.2%
Accumulated Net Unrealized Investment Gain Loss -205 -164 -25.0%
Accumulated Other Comprehensive Income -225 -166 -35.5%
Additional Paid In Capital 10,102 3,122 +223.6%
Common Stock 151 77 +96.1%
Net unamortized holding (losses) gains on AFS securities transferred to HTM 11 16 -31.2%
Preferred Stock 781 217 +259.9%
Retained Earnings 3,785 3,293 +14.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Bankers Healthcare Group, LLC 492 — —
Total Liabilities & Equity 122,766 — —
Show Equity Method Investment Nonconsolidated Investee breakouts
Bankers Healthcare Group, LLC 4,443 — —

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation Amortization And Accretion Net 303 38 +697.4%
Debt Securities Available For Sale Realized Gain Loss -3 13 -123.1%
Deferred Income Taxes 163 17 +858.8%
Payments For Origination And Purchases Of Loans Held For Sale -2,724 -741 -267.6%
Proceeds From Sale Of Loans Held For Sale 2,681 783 +242.4%
Gain Loss On Sale Of Loans Held For Sale Net -5 -3 -66.7%
Equity Method Investment Dividends Or Distributions 1 25 -96.0%
Show Legal Entity breakouts
Pinnacle Bank · Bankers Healthcare Group, LLC 1 25 -96.0%
Stock-Based Compensation 89 11 +709.1%
Change in Prepaid & Other Assets 351 -86 +508.1%
Increase Decrease In Other Accounts Payable And Accrued Liabilities -124 -212 +41.5%
Other Operating Activities Cash Flow Statement -1 -4 +75.0%
Net Cash from Operations 926 -22 +4309.1%
Investing Activities
Payments To Acquire Businesses Net Of Cash Acquired 2,537 — —
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities 45 23 +95.7%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 452 67 +574.6%
Proceeds From Sale Of Available For Sale Securities Debt 5,107 188 +2616.5%
Purchases of Investments -6,229 -583 -968.4%
Proceeds From Sale Of Loans 3 9 -66.7%
Payments For Proceeds From Loans And Leases -2,374 -680 -249.1%
Payments For Proceeds From Federal Home Loan Bank Stock -83 6 -1483.3%
Payments For Proceeds From Federal Reserve Bank Stock -257 — —
Purchases Of Bank Owned Life Insurance Policies Net Of Settlements 3 -100 +103.0%
Capital Expenditures -15 -20 +25.0%
Other Investing Activities 17 -73 +123.3%
Net Cash from Investing -794 -1,163 +31.7%
Financing Activities
Increase Decrease In Deposits 1,391 1,636 -15.0%
Increase Decrease In Federal Funds Purchased Securities Sold Under Repurchase Agreements And Other Short Term Borrowings -57 34 -267.6%
Repayments Of Long Term Debt -3,050 — —
Proceeds From Issuance Of Long Term Debt 4,100 — —
Payments Of Dividends Common Stock -75 -19 -294.7%
Payments Of Dividends Preferred Stock And Preference Stock -15 -4 -275.0%
Proceeds From Stock Options Exercised Net Of Taxes Paid -73 -19 -284.2%
Net Cash from Financing 2,221 1,628 +36.4%
Supplemental
Income Taxes Paid -42 2 -2200.0%
Interest Paid 483 308 +56.8%
Other Cash Flow
Net Change in Cash 2,353 443 +431.2%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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