Pinnacle Financial Partners, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Pinnacle Financial Partners, Inc. reported net income of $641.9M (+35.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Loans, including fees | $2.3B | $2.2B | $2.0B | $1.2B |
| Taxable | $261.0M | $220.7M | $140.3M | $67.1M |
| Tax-exempt | $107.5M | $97.8M | $97.6M | $81.5M |
| Federal funds sold and other | $139.1M | $158.6M | $165.1M | $42.9M |
| Total interest income | $2.8B | $2.7B | $2.4B | $1.4B |
| Deposits | $1.1B | $1.2B | $983.1M | $204.1M |
| Securities sold under agreements to repurchase | $5.2M | $5.4M | $3.7M | $794.0K |
| Federal Home Loan Bank advances and other borrowings | $115.0M | $123.7M | $104.4M | $39.7M |
| Interest Expense, Operating | $1.2B | $1.3B | — | — |
| Net interest income | $1.5B | $1.4B | $1.3B | $1.1B |
| Provision for credit losses | $107.2M | $120.6M | $93.6M | $67.9M |
| Net interest income after provision for credit losses | $1.4B | $1.2B | $1.2B | $1.1B |
| Total noninterest income | $506.6M | $371.2M | $433.3M | $416.1M |
| Salaries and employee benefits | $721.4M | $621.0M | $531.8M | $510.2M |
| Equipment and occupancy | $195.3M | $166.0M | $139.0M | $109.7M |
| Other real estate expense, net | $687.0K | $220.0K | $315.0K | $280.0K |
| Marketing and other business development | $37.4M | $26.7M | $23.9M | $21.1M |
| Postage and supplies | $13.2M | $12.0M | $11.1M | $10.2M |
| Amortization of intangibles | $5.6M | $6.3M | $7.1M | $7.8M |
| Merger-related expenses | $21.7M | — | — | — |
| Other noninterest expense | $172.5M | $202.7M | $174.5M | $120.8M |
| Total noninterest expense | $1.2B | $1.0B | $887.8M | $780.0M |
| Income before income taxes | $779.9M | $581.2M | $714.0M | $697.5M |
| Income tax expense | $138.0M | $106.2M | $151.9M | $136.8M |
| Net income | $641.9M | $475.1M | $562.2M | $560.7M |
| Preferred stock dividends | ($15.2M) | ($15.2M) | $15.2M | $15.2M |
| Net income available to common shareholders | $626.7M | $459.9M | $547.0M | $545.5M |
| Basic net income per common share | $8.15 | $6.01 | $7.20 | $7.20 |
| Diluted net income per common share | $8.07 | $5.96 | $7.14 | $7.17 |
| Basic | 76.9M | 76.5M | 76.0M | 75.7M |
| Diluted | 77.7M | 77.1M | 76.6M | 76.1M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Loans, including fees | $1.3B | $1.3B | $588.1M | $568.9M |
| Investment securities | $208.0M | $197.0M | — | — |
| Other earning assets | $50.0M | $57.0M | — | — |
| Total interest income | $1.6B | $1.5B | $721.2M | $694.8M |
| Deposits | $534.0M | $521.0M | $294.2M | $284.6M |
| FHLB advances and other borrowings | $77.0M | $59.0M | $28.8M | $29.4M |
| Federal funds purchased and securities sold under repurchase agreements | $1.0M | $1.0M | — | — |
| Total interest expense | $612.0M | $581.0M | $324.4M | $315.2M |
| Net interest income | $956.0M | $933.0M | $396.9M | $379.5M |
| Provision for credit losses | $63.0M | $76.0M | $31.9M | $24.2M |
| Net interest income after provision for credit losses | $893.0M | $857.0M | $364.9M | $355.3M |
| Core banking fees | $93.0M | $91.0M | — | — |
| Wealth management revenue | $85.0M | $84.0M | — | — |
| Income from equity method investment | $24.0M | $31.0M | — | — |
| Capital markets income | $18.0M | $18.0M | — | — |
| Total loan sales and servicing | $9.0M | $10.0M | — | — |
| Income from bank-owned life insurance | $19.0M | $20.0M | — | — |
| Investment securities gains (losses), net | ($29.0M) | $3.0M | — | — |
| Other non-interest revenue | $28.0M | $27.0M | — | — |
| Total non-interest revenue | $247.0M | $284.0M | $147.9M | $125.5M |
| Salaries and other personnel expense | $378.0M | $396.0M | $187.0M | $181.2M |
| Net occupancy, equipment, and software expense | $102.0M | $97.0M | $48.9M | $48.0M |
| Amortization of intangibles | $46.0M | $48.0M | $1.4M | $1.4M |
| FDIC insurance and other regulatory fees | $20.0M | $23.0M | — | — |
| Merger-related expense | $51.0M | $275.0M | $7.7M | — |
| Other operating expense | $124.0M | $113.0M | $46.7M | $43.7M |
| Total non-interest expense | $721.0M | $952.0M | $303.1M | $286.4M |
| Income before income taxes | $419.0M | $189.0M | $209.7M | $194.3M |
| Income tax expense | $91.0M | $39.0M | $36.6M | $35.8M |
| Net income | $328.0M | $150.0M | $173.1M | $158.5M |
| Less: Preferred stock dividends | $15.0M | $15.0M | ($3.8M) | ($3.8M) |
| Net income available to common shareholders | $313.0M | $135.0M | $169.3M | $154.7M |
| Net income per common share, basic (in dollars per share) | $2.07 | $0.89 | $2.20 | $2.01 |
| Net income per common share, diluted (in dollars per share) | $2.07 | $0.89 | $2.19 | $2.00 |
| Weighted average common shares outstanding, basic (in shares) | 151.1M | 151.0M | 76.9M | 76.9M |
| Weighted average common shares outstanding, diluted (in shares) | 151.5M | 151.5M | 77.3M | 77.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and noninterest-bearing due from banks | $358.3M | $320.3M | $228.6M | $268.6M |
| Restricted cash | $91.2M | $93.6M | $86.9M | $31.4M |
| Interest-bearing due from banks | $3.1B | $3.0B | $1.9B | $877.3M |
| Cash and cash equivalents | $3.6B | $3.4B | $2.2B | $1.2B |
| Securities Purchased under Agreements to Resell | $96.4M | $66.4M | $558.0M | $513.3M |
| Securities available-for-sale, at fair value | $6.6B | $5.6B | $4.3B | $3.6B |
| 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) | $2.6B | $2.8B | $3.0B | $3.1B |
| Consumer loans held-for-sale | $91.7M | $175.6M | $104.2M | $42.2M |
| Commercial loans held-for-sale | $5.6M | $19.7M | $9.3M | $21.1M |
| Financing Receivable, before Allowance for Credit Loss | $39.2B | $35.5B | — | — |
| Financing Receivable, Allowance for Credit Losses | $441.5M | $414.5M | — | — |
| Financing Receivable, after Allowance for Credit Loss | $38.7B | $35.1B | — | — |
| Premises and equipment, net | $340.0M | $311.3M | $256.9M | $327.9M |
| Equity method investment | $391.9M | $436.7M | $445.2M | $443.2M |
| Accrued interest receivable | $219.8M | $214.1M | $217.5M | $161.2M |
| Goodwill | $1.8B | $1.8B | $1.8B | $1.8B |
| Core deposits and other intangible assets | $29.7M | $21.4M | $27.5M | $34.6M |
| Other real estate owned | $8.1M | $1.3M | $3.9M | $8.0M |
| Other assets | $3.2B | $2.6B | $2.6B | $2.0B |
| Total assets | $57.7B | $52.6B | $48.0B | $42.0B |
| Non-interest-bearing | $9.0B | $8.2B | $7.9B | $9.8B |
| Interest-bearing | $15.6B | $14.1B | $11.4B | $7.9B |
| Savings and money market accounts | $17.6B | $16.2B | $14.4B | $13.8B |
| Time Deposits | $5.1B | $4.3B | $4.8B | $3.5B |
| Total deposits | $47.4B | $42.8B | $38.5B | $35.0B |
| Securities sold under agreements to repurchase | $316.4M | $230.2M | $209.5M | $194.9M |
| Federal Home Loan Bank advances | $1.8B | $1.9B | $2.1B | $464.4M |
| Subordinated debt and other borrowings | $426.7M | $425.8M | $424.9M | $424.1M |
| Accrued interest payable | $48.3M | $55.6M | $67.0M | $19.5M |
| Other liabilities | $696.1M | $728.8M | $544.7M | $386.5M |
| Total liabilities | $50.7B | $46.2B | $41.9B | $36.5B |
| 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 | 217.1M | 217.1M | 217.1M | 217.1M |
| 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 | 77.7M | 77.2M | 76.8M | 76.5M |
| Additional paid-in capital | $3.1B | $3.1B | $3.1B | $3.1B |
| Retained earnings | $3.7B | $3.2B | $2.8B | $2.3B |
| Accumulated other comprehensive loss, net of taxes | ($123.0M) | ($167.9M) | ($152.5M) | ($190.8M) |
| Total shareholders' equity | $7.0B | $6.4B | $6.0B | $5.5B |
| Total liabilities and shareholders' equity | $57.7B | $52.6B | $48.0B | $42.0B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $648.0M | $609.0M | $295.1M | $370.9M |
| Federal funds sold, securities purchased under resale agreements, and interest earning deposits with banks | $7.0B | $5.3B | — | — |
| Total cash, cash equivalents, and restricted cash | $7.7B | $5.9B | — | — |
| Investment securities held to maturity, net | $2.4B | $2.5B | — | — |
| Investment securities available for sale | $18.2B | $16.9B | — | — |
| Loans held for sale (includes $42 million at fair value as of Jun 30, 2026 and none at fair value as of Dec. 31, 2025) | $651.0M | $251.0M | $12.3M | $10.3M |
| Loans, net of deferred fees and costs | $88.1B | $85.2B | — | — |
| Allowance for loan losses | ($956.0M) | ($942.0M) | — | — |
| Loans, net | $87.1B | $84.3B | — | — |
| Premises, equipment, and software, net | $903.0M | $907.0M | — | — |
| Cash surrender value of bank-owned life insurance | $2.2B | $2.2B | — | — |
| Goodwill | $3.5B | $3.5B | $1.8B | $1.8B |
| Core deposits and other intangible assets, net | $1.0B | $1.1B | — | — |
| Other assets | $5.4B | $5.2B | $3.1B | $3.0B |
| Total assets | $129.1B | $122.8B | $56.0B | $54.8B |
| Non-interest-bearing deposits | $20.7B | $20.4B | — | — |
| Interest-bearing deposits | $80.2B | $79.7B | — | — |
| Total deposits | $100.9B | $100.1B | $45.7B | $45.0B |
| Federal funds purchased and securities sold under repurchase agreements | $850.0M | $308.0M | — | — |
| FHLB advances and other borrowings | $10.3B | $5.7B | — | — |
| Other liabilities | $2.2B | $2.0B | $802.7M | $655.6M |
| Total liabilities | $114.2B | $108.2B | $49.1B | $48.2B |
| Preferred stock — no par value per share, liquidation preference 225 million non-cumulative perpetual preferred stock, Authorized — 110 million shares at Jun 30, 2026 and 10 million shares at Dec 31, 2025, Issued and outstanding — 22 million shares at Jun 30, 2026 and 225,000 shares at Dec 31, 2025 | $781000000.00 | $781000000.00 | — | — |
| Common stock — $1.00 par value, Authorized — 360 million shares at Jun 30, 2026 and 180 million shares at Dec. 31, 2025, Issued and outstanding — 151 million shares at June 30, 2025 and 78 million at Dec. 31, 2025 | 151.0M | 151.0M | — | — |
| Additional paid-in capital | $10.1B | $10.1B | $3.1B | $3.1B |
| Accumulated other comprehensive income (loss), net | ($247.0M) | ($225.0M) | ($159.8M) | ($218.3M) |
| Retained earnings | $4.0B | $3.8B | $3.6B | $3.4B |
| Total equity | $14.8B | $14.6B | $6.9B | $6.6B |
| Total liabilities and equity | $129.1B | $122.8B | $56.0B | $54.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $641.9M | $475.1M | $562.2M | $560.7M |
| Net amortization/accretion of premium/discount on securities | $41.6M | $51.0M | $58.8M | $65.8M |
| Depreciation, amortization and accretion | $114.4M | $98.6M | $78.7M | $62.3M |
| Provision for credit losses | $107.2M | $120.6M | $93.6M | $67.9M |
| Gains on mortgage loans sold, net | ($7.6M) | ($11.1M) | ($6.5M) | ($7.3M) |
| Investment losses on sales, net | $16.6M | $71.9M | $19.7M | ($156.0K) |
| Gain on other equity investments, net | ($11.4M) | ($17.1M) | ($8.7M) | ($10.6M) |
| Stock-based compensation expense | $43.6M | $40.9M | $41.9M | $39.6M |
| Deferred tax expense (benefit) | ($75.4M) | ($19.4M) | $72.4M | $19.7M |
| Losses on disposition of other real estate and other investments | $445.0K | $130.0K | $13.0K | ($179.0K) |
| Gain on sale of fixed assets | ($554.0K) | ($2.3M) | ($86.0M) | — |
| Income from equity method investment | ($118.3M) | ($63.2M) | ($85.4M) | $145.5M |
| Dividends received from equity method investment | $163.1M | $71.7M | $36.7M | $63.1M |
| Excess tax benefit from stock compensation | ($3.8M) | ($2.8M) | ($208.0K) | ($3.0M) |
| Gains on commercial loans sold, net | ($1.2M) | ($1.4M) | ($643.0K) | $2.3M |
| Payments for Origination and Purchases of Loans Held-for-sale | ($3.3B) | ($2.8B) | ($2.1B) | $2.1B |
| Proceeds from Sale of Loans Held-for-sale | $3.4B | $2.7B | $2.1B | $2.1B |
| (Increase) decrease in other assets | ($111.2M) | $6.5M | ($262.9M) | $82.9M |
| Increase (decrease) in other liabilities | ($147.0M) | $154.4M | $7.9M | ($26.6M) |
| Net cash provided by operating activities | $759.0M | $904.3M | $478.4M | $604.9M |
| Payments to Acquire Debt Securities, Available-for-sale | $2.3B | $2.6B | $1.1B | $699.3M |
| Proceeds from Sale of Debt Securities, Available-for-sale | $271.4M | $898.9M | $312.6M | $29.5M |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $1.1B | $324.6M | $139.3M | $417.3M |
| Payments to Acquire Held-to-maturity Securities | $0 | $5.0M | $0 | $968.4M |
| Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | $179.5M | $183.3M | $43.6M | $74.8M |
| Net decrease (increase) in securities purchased under agreements to resell | ($29.9M) | $491.6M | ($44.7M) | $486.7M |
| Increase in loans, net | $3.8B | $2.9B | $3.8B | $5.6B |
| Payments to Acquire Loans Held-for-investment | $0 | ($10.0M) | — | — |
| Proceeds from Sale, Loan and Lease, Held-for-Investment | $9.1M | $69.8M | $117.2M | — |
| Purchases of premises and equipment and software | $79.9M | $94.5M | $78.3M | $63.5M |
| Purchase of bank owned life insurance | $150.0M | $0 | $244.0M | $100.0M |
| Proceeds from bank owned life insurance settlement | $4.7M | $4.2M | $4.0M | $2.0M |
| Proceeds from sales of software, premises, and equipment | $8.4M | $5.9M | $198.9M | $698.0K |
| Proceeds from sale of other real estate | $4.2M | $4.3M | $6.0M | $994.0K |
| Purchase of derivative instruments | ($76.8M) | $0 | $0 | ($95.7M) |
| Payments for (Proceeds from) Federal Home Loan Bank Stock | ($11.3M) | ($5.2M) | — | — |
| Purchase of other intangible assets | $13.9M | $2.5M | $0 | $825.0K |
| Increase in other investments | $222.1M | $93.9M | $93.0M | $91.0M |
| Net cash used in investing activities | ($5.0B) | ($3.7B) | ($4.6B) | ($6.7B) |
| Net increase in deposits | $4.6B | $4.3B | $3.6B | $3.7B |
| Net increase in securities sold under agreements to repurchase | $86.2M | $20.8M | $14.6M | $42.4M |
| Federal Home Loan Bank: Advances | $0 | $454.6M | $3.4B | $500.0M |
| Federal Home Loan Bank: Repayments/maturities | $116.4M | $700.0M | $1.8B | $925.0M |
| Principal payments of finance lease obligation | $337.0K | $384.0K | $311.0K | $281.0K |
| 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 | -21.1M | -14.4M | -3.7M | -5.5M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $478.0M | $150.0M | $472.1M | $298.9M |
| Depreciation, amortization, and accretion, net | $159.0M | $303.0M | $83.5M | $55.1M |
| Provision for credit losses | $139.0M | $76.0M | $73.1M | $41.2M |
| Investment securities (gains) losses, net | $26.0M | ($3.0M) | — | — |
| Deferred income tax expense (benefit) | $162.0M | $163.0M | ($22.9M) | ($6.8M) |
| Originations of loans held for sale | ($6.4B) | ($2.7B) | ($2.5B) | ($1.6B) |
| Proceeds from sales and payments on loans held for sale | $5.9B | $2.7B | $2.5B | $1.6B |
| Gain on sales of loans held for sale, net | ($9.0M) | ($5.0M) | — | — |
| Income from equity method investment | ($55.0M) | ($31.0M) | ($87.0M) | ($46.4M) |
| Dividends received from equity method investment | $70.0M | $1.0M | $134.6M | $102.2M |
| Share-based compensation expense | $110.0M | $89.0M | $32.5M | $21.6M |
| Decrease (increase) in other assets | $367.0M | $351.0M | — | — |
| Increase (decrease) in other liabilities | $29.0M | ($124.0M) | — | ($175.6M) |
| Other | $2.0M | ($1.0M) | — | — |
| Net cash provided by (used in) operating activities | $1.0B | $926.0M | $643.3M | $240.0M |
| Acquisition, net of cash acquired | $2.5B | $2.5B | — | — |
| Proceeds from maturities and principal collections of investment securities held to maturity | $129.0M | $45.0M | $132.4M | $96.5M |
| Proceeds from maturities and principal collections of investment securities available for sale | $1.2B | $452.0M | $660.1M | $301.8M |
| Proceeds from sales of investment securities available for sale | $6.1B | $5.1B | $188.5M | $188.5M |
| Purchases of investment securities available for sale | ($9.2B) | ($6.2B) | ($1.6B) | ($1.3B) |
| Net proceeds from sales of loans | $26.0M | $3.0M | — | — |
| Net (increase) decrease in loans | ($5.0B) | ($2.4B) | — | — |
| Net (purchases) redemptions of Federal Home Loan Bank stock | ($264.0M) | ($83.0M) | — | — |
| Net (purchases) redemptions of Federal Reserve Bank stock | ($340.0M) | ($257.0M) | — | — |
| Net proceeds from settlement (purchases) of bank-owned life insurance policies | $4.0M | $3.0M | — | — |
| Increase in other investments, net | ($110.0M) | — | — | — |
| Net increase in premises, equipment and software | ($38.0M) | ($15.0M) | ($66.4M) | ($38.5M) |
| Other | $47.0M | $17.0M | ($171.3M) | ($68.6M) |
| Net cash provided by (used in) investing activities | ($4.9B) | ($794.0M) | ($3.6B) | ($2.7B) |
| Net increase (decrease) in deposits | $2.2B | $1.4B | $2.9B | $2.2B |
| Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements | $485.0M | — | — | — |
| Repayments and redemption of FHLB and other borrowings | ($7.9B) | ($3.0B) | — | — |
| Proceeds from FHLB and other borrowings | $13.4B | $4.1B | — | — |
| Dividends paid to common shareholders | ($150.0M) | ($75.0M) | ($56.6M) | ($37.8M) |
| Dividends paid to preferred shareholders | ($30.0M) | ($15.0M) | ($11.4M) | ($7.6M) |
| Issuances, net of taxes paid, under equity compensation plans | ($73.0M) | ($73.0M) | — | — |
| Net cash provided by (used in) financing activities | $8.0B | $2.2B | $2.8B | $2.0B |
| Increase (decrease) in cash and cash equivalents including restricted cash | $4.1B | $2.4B | ($170.3M) | ($445.9M) |
| Cash, cash equivalents, and restricted cash, at beginning of period | $3.6B | $3.6B | $3.4B | $3.4B |
| Cash, cash equivalents, and restricted cash at end of period | $7.7B | $5.9B | — | — |
| Income taxes paid, net of refunds | $10.0M | ($42.0M) | — | — |
| Interest paid | $1.2B | $483.0M | — | — |
Pinnacle Financial Partners, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.