Business Wire·Jul 22, 2026, 4:41 PM ET

Pinnacle Financial Partners announces earnings for second quarter 2026

PNFP

Pinnacle Financial Partners reported diluted earnings per share of $2.07 for Q2 2026, compared to $2.00 in Q2 2025.
Adjusted diluted earnings per share for the quarter reached $2.50, up from $2.00 in the prior year period.
Net income available to common shareholders totaled $313 million, while adjusted net income was $379 million after excluding merger-related expenses & investment securities losses.
The merger between Pinnacle & Synovus closed on January 1, 2026, with Q2 2026 results reflecting the combined organization.
Period-end loans increased $2.9 billion (3%) to $88.1 billion, driven primarily by commercial & industrial credit growth.
Period-end deposits rose $795 million (1%) to $100.9 billion, aligning with historical seasonal patterns.
Net interest income grew 2% to $956 million, though the net interest margin declined 9 basis points to 3.44% linked-quarterly.
Non-interest revenue was $247 million, with adjusted non-interest revenue at $270 million, down $12 million from Q1 2026.
Non-interest expense was $721 million, with adjusted non-interest expense at $662 million, down 2% linked-quarterly due to merger synergies.
The tangible efficiency ratio was 49.8% adjusted, while the reported efficiency ratio-TE was 59.4%.
Credit quality remained strong with a non-performing asset ratio of 0.50% & a net charge-off ratio of 0.22%.
The allowance for credit losses ratio stood at 1.17%, with an allowance coverage of non-performing loans at 248.18%.
The preliminary Common Equity Tier 1 (CET1) ratio improved to 9.93% from 9.81% in Q1 2026.
The firm added 74 experienced revenue producers in Q2 2026, continuing a consistent hiring trend.
Total assets reached $129.1 billion, making Pinnacle the largest bank headquartered in Tennessee & the largest bank holding company in Georgia.