NYSE : PNFP
Pinnacle Financial Partners, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 101.66 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 15.30B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 4.92B | 2.29B | 2.22B | 1.95B | 1.18B | 924.04M |
| Interest Income on Investments | 507.54M | 507.54M | 477.04M | 403.00M | 191.44M | 107.17M |
| Total Interest Income | 5.43B | 2.80B | 2.70B | 2.35B | 1.37B | 1.03B |
| Interest Paid on Deposits | 2.03B | 1.13B | 1.20B | 983.12M | 204.12M | 54.12M |
| Interest Paid on Borrowings | 120.19M | 120.19M | 129.05M | 108.13M | 40.52M | 44.70M |
| Total Interest Expense | 2.15B | 1.25B | 1.33B | 1.09B | 244.64M | 98.81M |
| Net Interest Income | 3.28B | 1.55B | 1.37B | 1.26B | 1.13B | 932.40M |
| Trust Income | 194.35M | 40.35M | 33.22M | 26.68M | 23.51M | 20.72M |
| Gain (Loss) on Sale of Assets | 554.00K | 554.00K | 2.26M | 86.05M | 457.00K | 15.00K |
| Gain (Loss) on Sale of Investments | -9.17M | -5.17M | -54.74M | -10.94M | 16.26M | 23.87M |
| Gain (Loss) on Sale of Equity Investments | 134.34M | 118.34M | 63.17M | 85.40M | 145.47M | 122.27M |
| Other Non-Interest Income | 595.73M | 273.73M | 256.74M | 190.33M | 178.49M | 155.12M |
| Total Non-Interest Income | 994.59M | 506.59M | 371.18M | 433.25M | 416.12M | 395.73M |
| Revenues Before Loan Losses | 4.27B | 2.05B | 1.74B | 1.70B | 1.55B | 1.33B |
| Provision for Loan Losses | 258.25M | 107.25M | 120.59M | 93.60M | 67.92M | 16.13M |
| Revenue | 4.02B | 1.95B | 1.62B | 1.60B | 1.48B | 1.31B |
| Salaries and Employee Benefits | 1.31B | 677.80M | 580.10M | 489.95M | 470.62M | 411.05M |
| Amortization of Goodwill & Intangibles | 141.61M | 5.61M | 6.25M | 7.09M | 7.81M | 8.52M |
| Selling, General & Administrative | 289.51M | 289.51M | 245.65M | 215.92M | 180.47M | 141.28M |
| Other Non-Interest Expense | 384.45M | 172.45M | 202.75M | 174.50M | 120.82M | 99.96M |
| Total Non-Interest Expense | 2.33B | 1.15B | 1.03B | 887.77M | 780.00M | 660.10M |
| EBT Excluding Unusual Items | 1.69B | 801.54M | 581.21M | 714.01M | 697.49M | 651.90M |
| Pretax Income | 1.29B | 779.88M | 581.21M | 714.01M | 697.49M | 651.90M |
| Income Tax Expense | 264.01M | 138.01M | 106.15M | 151.85M | 136.75M | 124.58M |
| Net Income | 1.03B | 641.87M | 475.06M | 562.15M | 560.74M | 527.32M |
| Preferred Dividends & Other Adjustments | 48.19M | 15.19M | 15.19M | 15.19M | 15.19M | 15.19M |
| Net Income to Common | 977.67M | 626.67M | 459.86M | 546.96M | 545.55M | 512.13M |
| Basic Shares Outstanding | 132.54M | 76.86M | 76.46M | 76.02M | 75.74M | 75.47M |
| Diluted Shares Outstanding | 133.42M | 77.69M | 77.13M | 76.65M | 76.13M | 75.93M |
| EPS (Basic) | 7.38 | 8.15 | 6.01 | 7.20 | 7.20 | 6.79 |
| EPS (Diluted) | 7.34 | 8.07 | 5.96 | 7.14 | 7.17 | 6.75 |
| Dividend Per Share | 1.74 | 0.96 | 0.88 | 0.88 | 0.88 | 0.72 |
| Effective Tax Rate | 20.47% | 17.70% | 18.26% | 21.27% | 19.61% | 19.11% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.22B | 3.47B | 3.34B | 2.14B | 1.15B | 4.02B |
| Investment Securities | 20.57B | 6.85B | 6.92B | 7.38B | 6.62B | 5.51B |
| Trading Asset Securities | 170.07M | 162.38M | 187.90M | 189.99M | 54.88M | |
| Mortgage-Backed Securities | 2.79B | 1.96B | 947.39M | 971.58M | 1.92B | |
| Total Investments | 20.57B | 9.82B | 9.05B | 8.52B | 7.78B | 7.49B |
| Gross Loans | 89.81B | 39.16B | 35.49B | 32.68B | 29.07B | 23.45B |
| Allowance for Loan Losses | -986.00M | -441.54M | -414.49M | -353.06M | -300.67M | -263.23M |
| Other Adjustments to Gross Loans | -6.00M | -3.70M | -4.80M | -26.10M | -34.30M | |
| Net Loans | 88.82B | 38.71B | 35.07B | 32.32B | 28.74B | 23.15B |
| Property, Plant & Equipment | 895.00M | 707.10M | 603.69M | 554.24M | 455.97M | 382.55M |
| Goodwill | 3.48B | 1.85B | 1.85B | 1.85B | 1.85B | 1.82B |
| Other Intangible Assets | 999.00M | 41.91M | 31.42M | 38.27M | 41.16M | 38.92M |
| Loans Held for Sale | 686.00M | 97.36M | 195.33M | 113.50M | 63.33M | 63.49M |
| Accrued Interest Receivable | 219.76M | 214.08M | 217.49M | 161.18M | 98.81M | |
| Restricted Cash | 91.17M | 93.64M | 86.87M | 31.45M | 82.50M | |
| Long-Term Deferred Tax Assets | 211.08M | 135.47M | 87.21M | 171.51M | 101.27M | |
| Other Real Estate Owned & Foreclosed | 17.00M | 8.05M | 1.28M | 3.94M | 7.95M | 8.54M |
| Other Long-Term Assets | 7.99B | 2.48B | 2.00B | 2.03B | 1.52B | 1.22B |
| Total Assets | 130.69B | 57.71B | 52.59B | 47.96B | 41.97B | 38.47B |
| Interest Bearing Deposits | 82.12B | 36.38B | 34.67B | 30.63B | 23.85B | 20.24B |
| Institutional Deposits | 1.97B | 1.30B | 603.80M | |||
| Non-Interest Bearing Deposits | 20.91B | 9.05B | 8.17B | 7.91B | 9.81B | 10.46B |
| Total Deposits | 103.04B | 47.40B | 42.84B | 38.54B | 34.96B | 31.30B |
| Short-Term Borrowings | 586.00M | 357.90M | 314.90M | 279.63M | 291.39M | 232.58M |
| Current Portion of Long-Term Debt | 162.50M | |||||
| Current Portion of Leases | 45.85M | |||||
| Accrued Interest Payable | 48.25M | 55.62M | 66.97M | 19.48M | 12.50M | |
| Federal Home Loan Bank Debt, Long-Term | 9.98B | 1.62B | 1.87B | 2.14B | 464.44M | 888.68M |
| Long-Term Leases | 337.81M | 305.00M | 307.09M | 135.57M | 100.66M | |
| Trust Preferred Securities | 426.70M | 425.82M | 424.94M | 424.06M | 423.17M | |
| Other Long-Term Liabilities | 2.47B | 270.97M | 339.10M | 167.50M | 154.46M | 196.66M |
| Total Liabilities | 116.08B | 50.66B | 46.16B | 41.92B | 36.45B | 33.16B |
| Preferred Stock, Redeemable | 781.00M | 217.13M | 217.13M | 217.13M | 217.13M | 217.13M |
| Common Stock | 151.00M | 77.66M | 77.24M | 76.77M | 76.45M | 76.14M |
| Additional Paid-In Capital | 10.14B | 3.14B | 3.13B | 3.11B | 3.07B | 3.05B |
| Retained Earnings | 4.31B | 3.73B | 3.18B | 2.78B | 2.34B | 1.86B |
| Comprehensive Income & Other | -771.00M | -122.97M | -167.94M | -152.53M | -190.76M | 107.19M |
| Total Common Equity | 13.83B | 6.83B | 6.21B | 5.82B | 5.30B | 5.09B |
| Shareholders' Equity | 14.61B | 7.04B | 6.43B | 6.04B | 5.52B | 5.31B |
| Total Liabilities & Equity | 130.69B | 57.71B | 52.59B | 47.96B | 41.97B | 38.47B |
| Total Debt | 10.57B | 2.95B | 2.92B | 3.15B | 1.32B | 1.65B |
| Net Cash (Debt) | -3.35B | 793.78M | 651.25M | -260.44M | 533.75M | 3.43B |
| Net Cash Per Share | -25.11 | 10.22 | 8.44 | -3.40 | 7.01 | 45.16 |
| Filing Date Shares Outstanding | 150.49M | 77.03M | 76.66M | 76.24M | 75.97M | 75.68M |
| Total Common Shares Outstanding | 150.49M | 77.03M | 76.54M | 76.06M | 75.78M | 75.53M |
| Book Value Per Share | 91.90 | 88.62 | 81.20 | 76.50 | 69.97 | 67.44 |
| Tangible Book Value | 9.35B | 4.94B | 4.33B | 3.93B | 3.41B | 3.23B |
| Tangible Book Value Per Share | 62.11 | 64.07 | 56.63 | 51.71 | 45.05 | 42.83 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 641.87M | 475.06M | 562.15M | 560.74M | 527.32M | |
| Depreciation & Amortization | 109.81M | 93.98M | 75.40M | 59.50M | 51.66M | |
| Other Amortization | 4.60M | 4.60M | 3.30M | 2.80M | 1.60M | |
| Gain (Loss) on Sale of Assets | -109.00K | -2.13M | -86.03M | -636.00K | -1.18M | |
| Gain (Loss) on Sale of Investments | 46.72M | 105.77M | 69.73M | 49.58M | 35.20M | |
| Provision for Credit Losses | 107.25M | 120.59M | 93.60M | 67.92M | 16.13M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 106.81M | -69.29M | -43.01M | 9.71M | 92.10M | |
| Change in Other Net Operating Assets | -258.21M | 160.97M | -254.91M | -109.06M | 13.23M | |
| Other Operating Activities | 87.67M | 52.34M | 109.06M | 82.85M | 57.76M | |
| Operating Cash Flow | 759.01M | 904.31M | 478.40M | 604.92M | 657.44M | |
| Capital Expenditures | -79.93M | -94.52M | -78.26M | -63.52M | -23.18M | |
| Sale of Property, Plant and Equipment | 8.36M | 5.95M | 198.92M | 698.00K | 281.00K | |
| Cash Acquisitions | -30.90M | |||||
| Investment in Securities | -972.46M | -849.88M | -757.07M | -750.37M | -2.68B | |
| Income (Loss) Equity Investments | -118.34M | -63.17M | -85.40M | -145.47M | -122.27M | |
| Purchase / Sale of Intangibles | -13.90M | -2.50M | -825.00K | |||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -3.77B | -2.89B | -3.70B | -5.63B | -1.03B | |
| Other Investing Activities | -210.82M | 150.65M | -276.84M | -206.17M | 113.97M | |
| Investing Cash Flow | -5.03B | -3.67B | -4.60B | -6.68B | -3.61B | |
| Short-Term Debt Issued | 86.20M | 20.75M | 14.58M | 42.35M | 24.39M | |
| Long-Term Debt Issued | 454.65M | 3.42B | 500.00M | |||
| Total Debt Issued | 86.20M | 475.40M | 3.44B | 542.35M | 24.39M | |
| Long-Term Debt Repaid | -116.69M | -700.42M | -1.75B | -954.83M | -450.26M | |
| Total Debt Repaid | -116.69M | -700.42M | -1.75B | -954.83M | -450.26M | |
| Net Debt Issued (Repaid) | -30.49M | -225.01M | 1.69B | -412.48M | -425.87M | |
| Repurchase of Common Stock | -28.78M | -20.27M | -6.94M | -10.18M | -6.92M | |
| Common Dividends Paid | -74.66M | -69.01M | -68.74M | -68.19M | -55.50M | |
| Preferred Dividends Paid | -15.19M | -15.19M | -15.19M | -15.19M | -15.19M | |
| Total Dividends Paid | -89.85M | -84.21M | -83.93M | -83.39M | -70.70M | |
| Net Increase (Decrease) in Deposit Accounts | 4.55B | 4.30B | 3.58B | 3.66B | 3.60B | |
| Financing Cash Flow | 4.40B | 3.97B | 5.18B | 3.16B | 3.10B | |
| Net Cash Flow | 129.16M | 1.21B | 1.05B | -2.92B | 140.09M | |
| Free Cash Flow | 679.08M | 809.79M | 400.15M | 541.40M | 634.27M | |
| Free Cash Flow Margin | 34.87% | 50.10% | 24.98% | 36.64% | 48.34% | |
| Free Cash Flow Per Share | 8.74 | 10.50 | 5.22 | 7.11 | 8.35 | |
| Cash Interest Paid | 1.25B | 1.34B | 1.04B | 236.46M | 110.12M | |
| Cash Income Tax Paid | 77.13M | -30.55M | 99.78M | 128.85M | 108.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.30B | 7.34B | 8.75B | 6.63B | 5.56B | 7.21B |
| Last Close Price | 101.66 | 94.01 | 111.62 | 84.28 | 69.94 | 90.06 |
| PE Ratio | 13.86 | 11.71 | 19.04 | 12.13 | 10.20 | 14.08 |
| PS Ratio | 3.81 | 3.77 | 5.42 | 4.14 | 3.77 | 5.50 |
| PB Ratio | 1.11 | 1.04 | 1.36 | 1.10 | 1.01 | 1.36 |
| P/FCF Ratio | 10.56 | 10.81 | 10.81 | 16.58 | 10.28 | 11.37 |
| P/OCF Ratio | 9.96 | 9.67 | 9.68 | 13.87 | 9.20 | 10.97 |
| Debt / Equity Ratio | 0.72 | 0.42 | 0.45 | 0.52 | 0.24 | 0.31 |
| Debt / FCF Ratio | 4.34 | 3.61 | 7.87 | 2.43 | 2.59 | |
| Net Debt / Equity Ratio | 0.23 | -0.11 | -0.10 | 0.04 | -0.10 | -0.65 |
| Net Debt / FCF Ratio | -1.17 | -0.80 | 0.65 | -0.99 | -5.41 | |
| Return on Equity (ROE) | 9.56% | 9.53% | 7.62% | 9.73% | 10.36% | 10.32% |
| Return on Assets (ROA) | 1.10% | 1.16% | 0.95% | 1.25% | 1.39% | 1.44% |
| Earnings Yield | 7.22% | 8.75% | 5.43% | 8.47% | 10.08% | 7.31% |
| FCF Yield | 9.47% | 9.25% | 9.25% | 6.03% | 9.73% | 8.79% |
| Dividend Yield | 1.97% | 1.01% | 0.77% | 1.01% | 1.20% | 0.75% |
| Payout Ratio | 27.26% | 14.00% | 17.72% | 14.93% | 14.87% | 13.41% |
| Buyback Yield / Dilution | -71.91% | -0.72% | -0.63% | -0.68% | -0.27% | -0.36% |
| Total Shareholder Return | -69.95% | 0.29% | 0.14% | 0.33% | 0.93% | 0.39% |