Pinnacle Financial Partners, Inc. PNFP
Pinnacle Financial Partners is a financial holding company headquartered in Nashville, Tennessee, with approximately $57.7 billion in total assets as of December 31, 2025. At December 31, 2025, the holding company was the parent company of Pinnacle Bank, a Tennessee state-chartered bank, and owned 100% of the capital stock of Pinnacle Bank. The firm started operations on October 27, 2000, in Nashville, Tennessee, and, as of December 31, 2025, had grown through a combination of acquisitions and organic growth to 141 offices from which it conduct branch banking operations, including 50 in Tennessee, 42 in North Carolina, 21 in South Carolina, 10 in Virginia, five in Georgia, six in Alabama, three in Kentucky, two in Maryland and two in Florida.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.80B | $2.70B | $2.35B | — | — |
| Interest expense | $1.55B | $1.37B | $1.26B | — | — |
| Pre-tax income | $1.02B | $605.0M | $696.2M | — | — |
| Income tax | $138.0M | $106.2M | $151.9M | — | — |
| Net income | $641.9M | $457.1M | $562.2M | $560.7M | $527.3M |
| EPS, basic | 8.15 | 6.01 | 7.20 | — | — |
| EPS, diluted | 8.07 | 5.96 | 7.14 | — | — |
| Shares, diluted (wtd. avg.) | $77.7M | $77.1M | $76.6M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $3.57B | $3.44B | $2.23B | $1.18B | — |
| Property, plant and equipment | $340.0M | $311.3M | — | — | — |
| Goodwill | $1.85B | $1.85B | — | — | — |
| Other intangibles | $29.7M | $21.4M | — | — | — |
| Total assets | $57.71B | $52.59B | — | — | — |
| Total liabilities | $50.66B | $46.16B | — | — | — |
| Retained earnings | $3.73B | $3.18B | — | — | — |
| Total equity | $7.04B | $6.43B | $6.04B | $5.52B | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $759.0M | $904.3M | $478.4M | — | — |
| Depreciation and amortisation | $36.8M | $35.1M | $30.2M | — | — |
| Stock-based compensation | $43.6M | $40.9M | $41.9M | — | — |
| Capital expenditure | $79.9M | $94.5M | $78.3M | — | — |
| Investing cash flow | -$5.03B | -$3.67B | -$4.60B | — | — |
| Financing cash flow | $4.40B | $3.97B | $5.18B | — | — |
| Dividends paid | $74.7M | $69.0M | $68.7M | — | — |
| Buybacks | $142.2M | $272.3M | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002082866-26-000031.
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