<\/p>\n
PNFP Reports 2Q25 Diluted EPS of $2.00<\/b><\/p>\n
Linked-quarter annualized growth for loans was 10.7%; Net interest margin increased to 3.23% in 2Q25<\/i><\/p>\n
| \n \n\u00a0<\/p>\n<\/td>\n | \n Three months ended<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Six Months Ended<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n June 30,<\/b><\/p>\n 2025<\/b><\/p>\n<\/td>\n March 31,<\/b><\/p>\n 2025<\/b><\/p>\n<\/td>\n June 30,<\/b><\/p>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n June 30,<\/b><\/p>\n 2025<\/b><\/p>\n<\/td>\n June 30,<\/b><\/p>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \nDiluted earnings per common share<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.00<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1.77<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.64<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3.77<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.21<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAdjustments, net of tax (1)<\/sup>:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInvestment losses on sales of securities, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.12<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.71<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.12<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.71<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRecognition of mortgage servicing asset<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.12<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nFDIC special assessment<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.08<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFees related to terminating agreement to resell securities previously purchased and professional fees associated with capital optimization initiatives<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.28<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.28<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDiluted earnings per common share after adjustments<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.00<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1.90<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1.63<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3.90<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3.16<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n<\/td>\n \nNumbers may not foot due to rounding.<\/p>\n<\/td>\n<\/tr>\n (1)<\/sup>:<\/p>\n<\/td>\n \nAdjustments include tax effect calculated using a marginal tax rate of 25.00 percent for all periods presented.<\/p>\n<\/td>\n<\/tr>\n \n“Second quarter results demonstrate again the reliability of our differentiated model to produce outsized revenue, earnings per share and loan growth regardless of the operating environment,” said M. Terry Turner, Pinnacle’s president and chief executive officer. “Our second quarter revenues increased by approximately 36.4 percent linked-quarter annualized over the first quarter of 2025 and 21.8 percent over the same quarter last year. Fully diluted earnings per share after adjustments were up 21.1 percent linked-quarter annualized over the first quarter of 2025 and 22.7 percent over the same quarter last year. Also, loan growth for the second quarter was approximately 10.7 percent linked-quarter annualized in comparison to the first quarter of 2025.<\/p>\n \n“During the second quarter, we continued to be very active on the recruiting front, attracting 38 revenue producers as we continue to invest in the future growth of our firm. Thus far this year, we have hired 71 revenue producers which puts us on pace to have another very strong recruiting year for our firm. During the second quarter, we announced an expansion into Richmond, VA, another outstanding banking market in the Southeast. We entered Richmond with a de novo start by hiring six local bankers with an average experience level of approximately 28 years. We are very excited to welcome these banking professionals to the Pinnacle family.”<\/p>\n BALANCE SHEET GROWTH AND LIQUIDITY:<\/b><\/p>\n \nTotal assets at June 30, 2025, were $54.8 billion, an increase of approximately $546.6 million from March 31, 2025, and $5.4 billion from June 30, 2024, reflecting a linked-quarter annualized increase of 4.0 percent and a year-over-year increase of 11.0 percent. A further analysis of select balance sheet trends follows:<\/p>\n \n\u00a0<\/p>\n<\/td>\n Balances at<\/b><\/p>\n<\/td>\n Linked-Quarter<\/b><\/p>\n Annualized<\/b><\/p>\n % Change<\/b><\/p>\n<\/td>\n Balances at<\/b><\/p>\n<\/td>\n Year-over-Year<\/b><\/p>\n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n (dollars in thousands)<\/i><\/p>\n<\/td>\n June 30,<\/b><\/p>\n 2025<\/b><\/p>\n<\/td>\n March 31,<\/b><\/p>\n 2025<\/b><\/p>\n<\/td>\n June 30,<\/b><\/p>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \nLoans<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n37,105,164<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n36,136,746<\/p>\n<\/td>\n \n10.7%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n33,769,150<\/p>\n<\/td>\n \n9.9%<\/p>\n<\/td>\n<\/tr>\n \nSecurities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,066,651<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,718,794<\/p>\n<\/td>\n \n16.0%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,882,891<\/p>\n<\/td>\n \n15.0%<\/p>\n<\/td>\n<\/tr>\n \nOther interest-earning assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,923,964<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,776,121<\/p>\n<\/td>\n \n(90.3)%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,433,910<\/p>\n<\/td>\n \n20.1%<\/p>\n<\/td>\n<\/tr>\n \nTotal interest-earning assets<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n49,095,779<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n48,631,661<\/p>\n<\/td>\n \n3.8%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n44,085,951<\/p>\n<\/td>\n \n11.4%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCore deposits:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNoninterest-bearing deposits<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n8,640,759<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n8,507,351<\/p>\n<\/td>\n \n6.3%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n7,932,882<\/p>\n<\/td>\n \n8.9%<\/p>\n<\/td>\n<\/tr>\n \nInterest-bearing core deposits(1)<\/sup><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n31,120,278<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n31,505,648<\/p>\n<\/td>\n \n(4.9)%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n27,024,945<\/p>\n<\/td>\n \n15.2%<\/p>\n<\/td>\n<\/tr>\n \nNoncore deposits and other funding(2)<\/sup><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n7,698,394<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n7,042,510<\/p>\n<\/td>\n \n37.3%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n7,569,703<\/p>\n<\/td>\n \n1.7%<\/p>\n<\/td>\n<\/tr>\n \nTotal funding<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n47,459,431<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n47,055,509<\/p>\n<\/td>\n \n3.4%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n42,527,530<\/p>\n<\/td>\n \n11.6%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n (1)<\/sup>:<\/p>\n<\/td>\n \nInterest-bearing core deposits are interest-bearing deposits, money market accounts and time deposits less than $250,000 including reciprocating time and money market deposits.<\/p>\n<\/td>\n<\/tr>\n (2)<\/sup>:<\/p>\n<\/td>\n \nNoncore deposits and other funding consists of time deposits greater than $250,000, securities sold under agreements to repurchase, public funds, brokered deposits, FHLB advances and subordinated debt.<\/p>\n<\/td>\n<\/tr>\n \n“Loan growth was one of our highlights for the second quarter,” said Harold R. Carpenter, Pinnacle\u2019s chief financial officer. “Our commercial and industrial (C&I) loan segment continued to show strong growth as these loans increased 21.9 percent linked quarter annualized in the second quarter. Our other loans, including commercial real estate loans, increased linked-quarter at an annualized rate of approximately 3.5 percent between the first and second quarters. We expect growth rates for other loan segments to increase primarily because our appetite for sound commercial real estate projects has increased because of essentially achieving our lower concentration limits for commercial real estate lending. We have been below our construction lending concentration limit for several quarters and are now just slightly above our limit for the broader commercial real estate lending concentration limit.<\/p>\n \n“We will continue to rely on our recent hires, newer markets and specialty areas to fuel our loan growth as they move clients from competitors to our firm in an outsized way. As to deposit growth, our deposits increased by $519.8 million in the second quarter from the first quarter. Perhaps most important is that our noninterest bearing deposits, which are primarily composed of client operating accounts, increased by $133.4 million in the second quarter, and are now up by $470.3 million year-to date, or about 11.5 percent annualized.”<\/p>\n PRE-TAX, PRE-PROVISION NET REVENUE (PPNR) GROWTH AND PROFITABILITY:<\/b><\/p>\n \nPre-tax, pre-provision net revenues (PPNR) for the three and six months ended June 30, 2025 were $218.5 million and $405.9 million, respectively, compared to $95.2 million and $280.9 million, respectively, recognized in the three and six months ended June 30, 2024. As noted in the table below, adjusted PPNR for the three and six months ended June 30, 2025 were $218.7 million and $418.6 million, respectively, compared to $195.7 million and $377.0 million, respectively, recognized in the three and six months ended June 30, 2024, an increase of 11.8 percent and 11.0 percent, respectively.<\/p>\n \n\u00a0<\/p>\n<\/td>\n Three months ended<\/b><\/p>\n<\/td>\n Six months ended<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n June 30,<\/b><\/p>\n<\/td>\n June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n (dollars in thousands)<\/i><\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n % change<\/b><\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n % change<\/b><\/p>\n<\/td>\n<\/tr>\n \nRevenues:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nNet interest income<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n379,533<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n332,262<\/p>\n<\/td>\n \n14.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n743,961<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n650,296<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14.4<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nNoninterest income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n125,457<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,288<\/p>\n<\/td>\n \n>100.0<\/p>\n<\/td>\n \n%\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n223,883<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n144,391<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n55.1<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nTotal revenues<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n504,990<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n366,550<\/p>\n<\/td>\n \n37.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n967,844<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n794,687<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nNoninterest expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n286,446<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n271,389<\/p>\n<\/td>\n \n5.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n561,933<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n513,754<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9.4<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nPre-tax, pre-provision net revenue<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n218,544<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n95,161<\/p>\n<\/td>\n \n>100.0<\/p>\n<\/td>\n \n%\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n405,911<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n280,933<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nAdjustments:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nInvestment losses on sales of securities, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n72,103<\/p>\n<\/td>\n \n(100.0<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12,512<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n72,103<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n>(100.0<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n<\/tr>\n \nRecognition of mortgage servicing asset<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \nNM<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(11,812<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(100.0<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n<\/tr>\n \nORE expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n137<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n22<\/p>\n<\/td>\n \n>100.0<\/p>\n<\/td>\n \n%\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n195<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n106<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n84.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nFDIC special assessment<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \nNM<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,250<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(100.0<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n<\/tr>\n \nFees related to terminating agreement to resell securities previously purchased and professional fees associated with capital optimization initiatives<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n28,400<\/p>\n<\/td>\n \n(100.0<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n28,400<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(100.0<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n<\/tr>\n \nAdjusted pre-tax pre-provision net revenue<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n218,681<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n195,686<\/p>\n<\/td>\n \n11.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n418,618<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n376,980<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n<\/td>\n Three months ended<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Six months ended<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n June 30, 2025<\/b><\/p>\n<\/td>\n March 31, 2025<\/b><\/p>\n<\/td>\n June 30, 2024<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n June 30, 2025<\/b><\/p>\n<\/td>\n June 30, 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \nNet interest margin<\/p>\n<\/td>\n \n3.23<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3.21<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3.14<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.22<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3.09<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nEfficiency ratio<\/p>\n<\/td>\n \n56.72<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n59.52<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n74.04<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n58.06<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n64.65<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nReturn on average assets<\/p>\n<\/td>\n \n1.15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n1.05<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n0.41<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.10<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n0.70<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nReturn on average tangible common equity (TCE)<\/p>\n<\/td>\n \n13.75<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n12.51<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n4.90<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13.14<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n8.48<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nAverage loan to deposit ratio<\/p>\n<\/td>\n \n83.57<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n83.78<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n84.95<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n83.68<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n84.84<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nNet interest income for the second quarter of 2025 was $379.5 million, compared to $332.3 million for the second quarter of 2024, a year-over-year growth rate of 14.2 percent. Net interest margin was 3.23 percent for the second quarter of 2025, compared to 3.14 percent for the second quarter of 2024.<\/p>\n \nTotal revenues for the second quarter of 2025 were $505.0 million, compared to $366.6 million for the second quarter of 2024. As noted in the table below, adjusted total revenues for the second quarter of 2025 were $505.0 million, compared to $438.7 million for the second quarter of 2024, a year-over-year increase of 15.1 percent.<\/p>\n \n\u00a0<\/p>\n<\/td>\n Three months ended<\/b><\/p>\n<\/td>\n Linked-quarter<\/b><\/p>\n Annualized<\/b><\/p>\n % Change<\/b><\/p>\n<\/td>\n Three months ended<\/b><\/p>\n<\/td>\n Yr-over-Yr<\/b><\/p>\n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n (dollars in thousands)<\/i><\/p>\n<\/td>\n June 30, 2025<\/b><\/p>\n<\/td>\n March 31, 2025<\/b><\/p>\n<\/td>\n June 30, 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \nNet interest income<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n379,533<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n364,428<\/p>\n<\/td>\n \n16.6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n332,262<\/p>\n<\/td>\n \n14.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nNoninterest income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n125,457<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n98,426<\/p>\n<\/td>\n \n>100.0<\/p>\n<\/td>\n \n%\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,288<\/p>\n<\/td>\n \n>100.0<\/p>\n<\/td>\n \n%\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal revenues<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n504,990<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n462,854<\/p>\n<\/td>\n \n36.4<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n366,550<\/p>\n<\/td>\n \n37.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nAdjustments:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nInvestment losses on sales of securities, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12,512<\/p>\n<\/td>\n \n(100.0<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n72,103<\/p>\n<\/td>\n \n(100.0<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n<\/tr>\n \nAdjusted total revenues<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n504,990<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n475,366<\/p>\n<\/td>\n \n24.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n438,653<\/p>\n<\/td>\n \n15.1<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nNoninterest expense for the second quarter of 2025 was $286.4 million, compared to $271.4 million for the second quarter of 2024. As noted in the table below, adjusted noninterest expense for the second quarter of 2025 was $286.3 million, compared to $243.0 million for the second quarter of 2024.<\/p>\n \n\u00a0<\/p>\n<\/td>\n Three months ended<\/b><\/p>\n<\/td>\n Linked-quarter<\/b><\/p>\n Annualized<\/b><\/p>\n % Change<\/b><\/p>\n<\/td>\n Three months ended<\/b><\/p>\n<\/td>\n Yr-over-yr<\/b><\/p>\n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n (dollars in thousands)<\/i><\/p>\n<\/td>\n June 30, 2025<\/b><\/p>\n<\/td>\n March 31, 2025<\/b><\/p>\n<\/td>\n June 30, 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \nNoninterest expense<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n286,446<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n275,487<\/p>\n<\/td>\n \n15.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n271,389<\/p>\n<\/td>\n \n5.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nLess:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nORE expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n137<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n58<\/p>\n<\/td>\n \n>100.0<\/p>\n<\/td>\n \n%\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n22<\/p>\n<\/td>\n \n>100.0<\/p>\n<\/td>\n \n%\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFees related to terminating agreement to resell securities previously purchased and professional fees associated with capital optimization initiatives<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \nN\/A<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n28,400<\/p>\n<\/td>\n \n100.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nAdjusted noninterest expense<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n286,309<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n275,429<\/p>\n<\/td>\n \n15.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n242,967<\/p>\n<\/td>\n \n17.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n“Revenue growth has been a focus for us since our founding almost 25 years ago,” Carpenter said. “Second quarter revenues amounted to approximately $505.0 million, which was a 37.8 percent increase over the same period last year. Loan growth was the driver for net interest income growth as second quarter net interest income was 14.2 percent greater in the second quarter of 2025 than the same quarter last year. As anticipated, we did experience some margin expansion in the second quarter from the first quarter and expect continued expansion into the third quarter. We attribute margin expansion, in part, to our deliberate focus on prudently managing our funding costs in spite of meaningful growth in our interest earning asset base.<\/p>\n \n“Noninterest income growth was another highlight for the quarter,” Carpenter said. “Excluding the impact of a bond restructuring trade during the first quarter of 2025, we continued to see quarter-over-quarter growth in nearly every core banking fee category. We are particularly pleased with our efforts in commercial analysis and wealth management as we continue to experience strong growth in these strategically important areas. BHG had another sound quarter, providing $26.0 million in fee revenues to our firm in the second quarter of 2025, which was approximately $5.6 million higher than the first quarter of 2025 and $7.3 million higher than the second quarter of 2024.”<\/p>\n CAPITAL AND SOUNDNESS:<\/b>\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n As of<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n June 30,<\/b><\/p>\n 2<\/b>025<\/b><\/p>\n<\/td>\n December 31,<\/b><\/p>\n 2024<\/b><\/p>\n<\/td>\n June 30,<\/b><\/p>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \nShareholders’ equity to total assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12.1<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nTangible common equity to tangible assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nBook value per common share<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n82.79<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n80.46<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n77.15<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTangible book value per common share<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n58.70<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n56.24<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n52.92<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAnnualized net loan charge-offs to avg. loans (1)<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.20<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.24<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.27<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nNonperforming assets to total loans, ORE and other nonperforming assets (NPAs)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.44<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.42<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.30<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nClassified asset ratio (Pinnacle Bank) (2)<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.90<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.79<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.99<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nConstruction and land development loans as a percentage of total capital (3)<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n61.80<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n70.50<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n72.90<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nConstruction and land development, non-owner occupied commercial real estate and multi-family loans as a percentage of total capital (3)<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n228.60<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n242.20<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n254.00<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nAllowance for credit losses (ACL) to total loans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.14<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.17<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.13<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n (1)<\/sup>:<\/p>\n<\/td>\n \nAnnualized net loan charge-offs to average loans ratios are computed by annualizing quarterly net loan charge-offs and dividing the result by average loans for the quarter.<\/p>\n<\/td>\n<\/tr>\n (2)<\/sup>:<\/p>\n<\/td>\n \nClassified assets as a percentage of Tier 1 capital plus allowance for credit losses..<\/p>\n<\/td>\n<\/tr>\n (3)<\/sup>:<\/p>\n<\/td>\n \nCalculated using the same guidelines as are used in the Federal Financial Institutions Examination Council’s Uniform Bank Performance Report.\u00a0<\/p>\n<\/td>\n<\/tr>\n \n“We continue to be pleased with the overall soundness of our firm,” Carpenter said. “Our capital ratios remain strong, and we have successfully reduced our concentration levels in commercial real estate. All the while, our tangible book value per share, which we believe is a key metric to creating shareholder value, continues to grow in an outsized way. All things considered, despite economic uncertainties and based on our differentiated model, we remain optimistic regarding our performance for the remainder of 2025.”<\/p>\n BOARD OF DIRECTORS DECLARES COMMON DIVIDENDS<\/b><\/p>\n \nOn July 15, 2025, Pinnacle Financial’s Board of Directors approved a quarterly cash dividend of $0.24 per common share to be paid on Aug. 29, 2025 to common shareholders of record as of the close of business on Aug. 1, 2025. Additionally, Pinnacle’s Board of Directors approved a quarterly cash dividend of approximately $3.8 million, or $16.88 per share (or $0.422 per depositary share), on Pinnacle Financial’s 6.75 percent Series B Non-Cumulative Perpetual Preferred Stock payable on Sept. 1, 2025 to shareholders of record at the close of business on Aug. 17, 2025. The amount and timing of any future dividend payments to both preferred and common shareholders will be subject to the approval of Pinnacle’s Board of Directors.<\/p>\n WEBCAST AND CONFERENCE CALL INFORMATION<\/b><\/p>\n \nPinnacle will host a webcast and conference call at 8:30 a.m. CT on July 16, 2025, to discuss second quarter 2025 results and other matters. To access the call for audio only, please call 1-877-209-7255. For the presentation and streaming audio, please access the webcast on the investor relations page of Pinnacle’s website at investors.pnfp.com.<\/p>\n \nPinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2024 deposit data from the FDIC. Pinnacle is No. 9 on FORTUNE magazine\u2019s 2025 list of 100 Best Companies to Work For\u00ae in the U.S., its ninth consecutive appearance and was recognized by American Banker as one of America\u2019s Best Banks to Work For 12 years in a row and No. 1 among banks with more than $10 billion in assets in 2024.<\/p>\n \nThe firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $54.8 billion in assets as of June 30, 2025. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in several primarily urban markets across the Southeast.<\/p>\n \nAdditional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at www.pnfp.com<\/a>.<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nAll statements, other than statements of historical fact, included in this press release, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words “expect,” “aim,” “anticipate,” “intend,” “may,” “should,” “plan,” “looking for,” “believe,” “seek,” “estimate” and similar expressions are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from the statements, including, but not limited to: (i) deterioration in the financial condition of borrowers of Pinnacle Bank and its subsidiaries or BHG, including as a result of persistent elevated interest rates, the negative impact of inflationary pressures and challenging and uncertain economic conditions on our and BHG’s customers and their businesses, resulting in significant increases in loan losses and provisions for those losses and, in the case of BHG, substitutions; (ii) fluctuations or differences in interest rates on loans or deposits from those that Pinnacle Financial is modeling or anticipating, including as a result of Pinnacle Bank’s inability to better match deposit rates with the changes in the short-term rate environment, or that affect the yield curve; (iii) the impact of U.S. and global economic conditions, trade policies and tensions, including changes in, or the imposition of, tariffs and\/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, and geopolitical instability; (iv) the sale of investment securities in a loss position before their value recovers, including as a result of asset liability management strategies or in response to liquidity needs; (v) adverse conditions in the national or local economies including in Pinnacle Financial’s markets throughout the Southeast region of the United States, particularly in commercial and residential real estate markets; (vi) the inability of Pinnacle Financial, or entities in which it has significant investments, like BHG, to maintain the long-term historical growth rate of its, or such entities’, loan portfolio; (vii) the ability to grow and retain low-cost core deposits and retain large, uninsured deposits, including during times when Pinnacle Bank is seeking to limit the rates it pays on deposits or uncertainty exists in the financial services sector; (viii) changes in loan underwriting, credit review or loss reserve policies associated with economic conditions, examination conclusions, or regulatory developments; (ix) effectiveness of Pinnacle Financial’s asset management activities in improving, resolving or liquidating lower-quality assets; (x) the impact of competition with other financial institutions, including pricing pressures and the resulting impact on Pinnacle Financial\u2019s results, including as a result of the negative impact to net interest margin from elevated deposit and other funding costs; (xi) the results of regulatory examinations of Pinnacle Financial, Pinnacle Bank or BHG, or companies with whom they do business; (xii) BHG’s ability to profitably grow its business and successfully execute on its business plans; (xiii) risks of expansion into new geographic or product markets; (xiv) any matter that would cause Pinnacle Financial to conclude that there was impairment of any asset, including goodwill or other intangible assets; (xv) the ineffectiveness of Pinnacle Bank’s hedging strategies, or the unexpected counterparty failure or hedge failure of the underlying hedges; (xvi) reduced ability to attract additional financial advisors (or failure of such advisors to cause their clients to switch to Pinnacle Bank), to retain financial advisors (including as a result of the competitive environment for associates) or otherwise to attract customers from other financial institutions; (xvii) deterioration in the valuation of other real estate owned and increased expenses associated therewith; (xviii) inability to comply with regulatory capital requirements, including those resulting from changes to capital calculation methodologies, required capital maintenance levels or regulatory requests or directives, particularly if Pinnacle Bank’s level of applicable commercial real estate loans were to exceed percentage levels of total capital in guidelines recommended by its regulators; (xix) approval of the declaration of any dividend by Pinnacle Financial’s board of directors; (xx) the vulnerability of Pinnacle Bank’s network and online banking portals, and the systems of parties with whom Pinnacle Bank contracts, to unauthorized access, computer viruses, phishing schemes, spam or ransomware attacks, human error, natural disasters, power loss and other security breaches; (xxi) the possibility of increased compliance and operational costs as a result of increased regulatory oversight (including by the Consumer Financial Protection Bureau), including oversight of companies in which Pinnacle Financial or Pinnacle Bank have significant investments, like BHG, and the development of additional banking products for Pinnacle Bank’s corporate and consumer clients; (xxii) Pinnacle Financial’s ability to identify potential candidates for, consummate, and achieve synergies from, potential future acquisitions; (xxiii) difficulties and delays in integrating acquired businesses or fully realizing costs savings and other benefits from acquisitions; (xxiv) the risks associated with Pinnacle Bank being a minority investor in BHG, including the risk that the owners of a majority of the equity interests in BHG decide to sell the company or all or a portion of their ownership interests in BHG (triggering a similar sale by Pinnacle Bank); (xxv) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, like BHG, including regulatory or legislative developments; (xxvi) fluctuations in the valuations of Pinnacle Financial’s equity investments and the ultimate success of such investments; (xxvii) the availability of and access to capital; (xxviii) adverse results (including costs, fines, reputational harm, inability to obtain necessary approvals and\/or other negative effects) from current or future litigation, regulatory examinations or other legal and\/or regulatory actions involving Pinnacle Financial, Pinnacle Bank or BHG; and (xxix) general competitive, economic, political and market conditions.<\/p>\n \nThroughout this document, numbers may not foot due to rounding. Additional factors which could affect the forward looking statements can be found in Pinnacle Financial’s Annual Report on Form 10-K for the year ended December 31, 2024, and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC and available on the SEC’s website at http:\/\/www.sec.gov<\/a>. Pinnacle Financial disclaims any obligation to update or revise any forward-looking statements contained in this press release, which speak only as of the date hereof, whether as a result of new information, future events or otherwise.<\/p>\n Non-GAAP Financial Matters<\/b><\/p>\n \nThis release contains certain non-GAAP financial measures, including, without limitation, total revenues, net income to common shareholders, earnings per diluted common share, revenue per diluted common share, PPNR, efficiency ratio, noninterest expense, noninterest income and the ratio of noninterest expense to average assets, excluding in certain instances the impact of expenses related to other real estate owned, gains or losses on sale of investment securities, charges related to the FDIC special assessment, income associated with the recognition of a mortgage servicing asset in the first quarter of 2024, fees related to terminating an agreement to resell securities previously purchased and professional fees associated with capital optimization initiatives in the second quarter of 2024 and other matters for the accounting periods presented. This release may also contain certain other non-GAAP capital ratios and performance measures that exclude the impact of goodwill and core deposit intangibles associated with Pinnacle Financial’s acquisitions of BNC, Avenue Bank, Magna Bank, CapitalMark Bank & Trust, Mid-America Bancshares, Inc., Cavalry Bancorp, Inc. and other acquisitions which collectively are less material to the non-GAAP measure as well as the impact of Pinnacle Financial’s Series B Preferred Stock. The presentation of the non-GAAP financial information is not intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP. Because non-GAAP financial measures presented in this release are not measurements determined in accordance with GAAP and are susceptible to varying calculations, these non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures presented by other companies.<\/p>\n \nPinnacle Financial believes that these non-GAAP financial measures facilitate making period-to-period comparisons and are meaningful indications of its operating performance. In addition, because intangible assets such as goodwill and the core deposit intangible, and the other items excluded each vary extensively from company to company, Pinnacle Financial believes that the presentation of this information allows investors to more easily compare Pinnacle Financial’s results to the results of other companies. Pinnacle Financial’s management utilizes this non-GAAP financial information to compare Pinnacle Financial’s operating performance for 2025 versus certain periods in 2024 and to internally prepared projections.<\/p>\n PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES<\/b><\/p>\n<\/td>\n<\/tr>\n CONSOLIDATED BALANCE SHEETS \u2013 UNAUDITED<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n (dollars in thousands, except for share and per share data)<\/i><\/b><\/p>\n<\/td>\n June 30, 2025<\/b><\/p>\n<\/td>\n Dec. 31, 2024<\/b><\/p>\n<\/td>\n June 30, 2024<\/b><\/p>\n<\/td>\n<\/tr>\n ASSETS<\/i><\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCash and noninterest-bearing due from banks<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n370,926<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n320,320<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n219,110<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRestricted cash<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n112,547<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n93,645<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n50,924<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInterest-bearing due from banks<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,506,531<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,021,960<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,107,883<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,990,004<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,435,925<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,377,917<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSecurities purchased with agreement to resell<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n93,293<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n66,449<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n71,903<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSecurities available-for-sale, at fair value<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,378,688<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,582,369<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,908,967<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSecurities held-to-maturity (fair value of $2.4 billion, $2.6 billion and $2.7 billion, net of allowance for credit losses of $1.7 million, $1.7 million, and $1.7 million at June 30, 2025, Dec. 31, 2024, and June 30, 2024, respectively)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,687,963<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,798,899<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,973,924<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nConsumer loans held-for-sale<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n201,342<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n175,627<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n187,154<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCommercial loans held-for-sale<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,251<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n19,700<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16,046<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLoans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n37,105,164<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n35,485,776<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n33,769,150<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLess allowance for credit losses<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(422,125<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(414,494<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(381,601<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nLoans, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n36,683,039<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n35,071,282<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n33,387,549<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPremises and equipment, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n321,062<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n311,277<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n282,775<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEquity method investment<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n380,982<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n436,707<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n433,073<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccrued interest receivable<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n219,395<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n214,080<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n220,232<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nGoodwill<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,848,904<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,849,260<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,846,973<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCore deposits and other intangible assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n19,506<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21,423<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n24,313<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther real estate owned<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,835<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,278<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,636<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,962,187<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,605,173<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,633,507<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal assets<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n54,801,451<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n52,589,449<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n49,366,969<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n LIABILITIES AND SHAREHOLDERS’ EQUITY<\/i><\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeposits:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNoninterest-bearing<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n8,640,759<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n8,170,448<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n7,932,882<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInterest-bearing<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,301,168<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,125,194<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12,600,723<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSavings and money market accounts<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n17,116,882<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16,197,397<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,437,407<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTime<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,940,435<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,349,953<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,799,368<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal deposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44,999,244<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n42,842,992<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39,770,380<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSecurities sold under agreements to repurchase<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n258,454<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n230,244<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n220,885<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFederal Home Loan Bank advances<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,775,470<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,874,134<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,110,885<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSubordinated debt and other borrowings<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n426,263<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n425,821<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n425,380<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccrued interest payable<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n49,181<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n55,619<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n58,881<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther liabilities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n655,602<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n728,758<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n605,890<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n48,164,214<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n46,157,568<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n43,192,301<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPreferred 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 June 30, 2025, Dec. 31, 2024, and June 30, 2024, respectively<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n217,126<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n217,126<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n217,126<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCommon stock, par value $1.00; 180.0 million shares authorized; 77.5 million, 77.2 million and 77.2 million shares issued and outstanding at June 30, 2025, Dec. 31, 2024, and June 30, 2024, respectively<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n77,548<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n77,242<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n77,217<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAdditional paid-in capital<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,131,498<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,129,680<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,110,993<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRetained earnings<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,429,363<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,175,777<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,919,923<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccumulated other comprehensive loss, net of taxes<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(218,298<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(167,944<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(150,591<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nTotal shareholders’ equity<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,637,237<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,431,881<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,174,668<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities and shareholders’ equity<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n54,801,451<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n52,589,449<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n49,366,969<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nThis information is preliminary and based on company data available at the time of the presentation.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES<\/b><\/p>\n<\/td>\n<\/tr>\n CONSOLIDATED STATEMENTS OF INCOME \u2013 UNAUDITED<\/b><\/p>\n<\/td>\n<\/tr>\n (dollars in thousands, except for share and per share data)<\/i><\/b><\/p>\n<\/td>\n Three months ended<\/b><\/p>\n<\/td>\n Six months ended<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n June 30, 2025<\/b><\/p>\n<\/td>\n March 31, 2025<\/b><\/p>\n<\/td>\n June 30, 2024<\/b><\/p>\n<\/td>\n June 30, 2025<\/b><\/p>\n<\/td>\n June 30, 2024<\/b><\/p>\n<\/td>\n<\/tr>\n Interest income:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLoans, including fees<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n568,857<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n547,368<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n551,659<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,116,225<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,092,858<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSecurities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTaxable<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n66,989<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n61,853<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n51,578<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n128,842<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n96,048<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTax-exempt<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n27,104<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n25,230<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n24,372<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n52,334<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n48,972<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFederal funds sold and other<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n31,820<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n33,709<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40,781<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n65,529<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n80,995<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal interest income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n694,770<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n668,160<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n668,390<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,362,930<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,318,873<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Interest expense:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n284,614<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n273,393<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n304,449<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n558,007<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n605,417<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSecurities sold under agreements to repurchase<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,222<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,026<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,316<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,248<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,715<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFHLB advances and other borrowings<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n29,401<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n29,313<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n30,363<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n58,714<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n60,445<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal interest expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n315,237<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n303,732<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n336,128<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n618,969<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n668,577<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet interest income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n379,533<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n364,428<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n332,262<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n743,961<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n650,296<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Provision for credit losses<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n24,245<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16,960<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n30,159<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n41,205<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n64,656<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Net interest income after provision for credit losses<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n355,288<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n347,468<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n302,103<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n702,756<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n585,640<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Noninterest income:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nService charges on deposit accounts<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n17,092<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n17,028<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,563<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,120<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n28,002<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInvestment services<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n19,324<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n18,817<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15,720<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n38,141<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n30,471<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInsurance sales commissions<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,693<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,674<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,715<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,367<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,567<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nGains on mortgage loans sold, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,965<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,507<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,270<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,472<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,149<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInvestment losses on sales of securities, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(12,512<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(72,103<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(12,512<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(72,103<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nTrust fees<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,280<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,340<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,323<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n18,620<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15,738<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIncome from equity method investment<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n26,027<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n20,405<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n18,688<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n46,432<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,723<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nGain on sale of fixed assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n202<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n210<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n325<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n412<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n383<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther noninterest income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n47,874<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n37,957<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n41,787<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n85,831<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n93,461<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal noninterest income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n125,457<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n98,426<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,288<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n223,883<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n144,391<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Noninterest expense:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSalaries and employee benefits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n181,246<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n172,089<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n150,117<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n353,335<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n296,127<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEquipment and occupancy<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n48,043<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n46,180<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n41,036<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n94,223<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n80,682<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther real estate, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n137<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n58<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n22<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n195<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n106<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nMarketing and other business development<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,772<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,666<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,776<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n17,438<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12,901<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPostage and supplies<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,192<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,370<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,135<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,562<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,906<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAmortization of intangibles<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,400<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,417<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,568<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,817<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,152<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther noninterest expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n43,656<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n43,707<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n68,735<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n87,363<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n114,880<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal noninterest expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n286,446<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n275,487<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n271,389<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n561,933<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n513,754<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Income before income taxes<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n194,299<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n170,407<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n65,002<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n364,706<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n216,277<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIncome tax expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n35,759<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n29,999<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11,840<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n65,758<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39,171<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Net income<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n158,540<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n140,408<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n53,162<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n298,948<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n177,106<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPreferred stock dividends<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,798<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,798<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,798<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(7,596<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(7,596<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n Net income available to common shareholders<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n154,742<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n136,610<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n49,364<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n291,352<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n169,510<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Per share information:<\/i><\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBasic net income per common share<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.01<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1.78<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.65<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3.79<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.22<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDiluted net income per common share<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.00<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1.77<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.64<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3.77<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.21<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nWeighted average common shares outstanding:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBasic<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 76,891,035<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 76,726,545<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 76,506,121<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 76,809,244<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 76,392,287<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDiluted<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 77,277,054<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 76,964,625<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 76,644,227<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 77,212,262<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 76,531,419<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nThis information is preliminary and based on company data available at the time of the presentation.\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES (dollars and shares in thousands)<\/i><\/p>\n<\/td>\n Preferred<\/b><\/p>\n Stock<\/b><\/p>\n Amount<\/b><\/p>\n<\/td>\n Common Stock<\/b><\/p>\n<\/td>\n Additional<\/b><\/p>\n Paid-in Capital<\/b><\/p>\n<\/td>\n Retained<\/b><\/p>\n Earnings<\/b><\/p>\n<\/td>\n Accumulated Other<\/b><\/p>\n Comp. Income<\/b><\/p>\n (Loss), net<\/b><\/p>\n<\/td>\n Total<\/b><\/p>\n Shareholders’<\/b><\/p>\n Equity<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Shares<\/b><\/p>\n<\/td>\n Amounts<\/b><\/p>\n<\/td>\n<\/tr>\n Balance at December 31, 2023<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n217,126<\/p>\n<\/td>\n \n76,767<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n76,767<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3,109,493<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2,784,927<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(152,525<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n6,035,788<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPreferred dividends paid ($33.76 per share)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(7,596<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(7,596<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nCommon dividends paid ($0.44 per share)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(34,514<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(34,514<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nIssuance of restricted common shares<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n212<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n212<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(212<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nForfeiture of restricted common shares<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(18<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(18<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n18<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRestricted shares withheld for taxes & related tax benefits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(55<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(55<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(4,529<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(4,584<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nIssuance of common stock pursuant to restricted stock unit (RSU) and performance stock unit (PSU) agreements, net of shares withheld for taxes & related tax benefits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n311<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n311<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(14,739<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(14,428<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nCompensation expense for restricted shares, RSUs and PSUs<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n20,962<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n20,962<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n177,106<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n177,106<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther comprehensive gain<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,934<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,934<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Balance at June 30, 2024<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n217,126<\/p>\n<\/td>\n \n77,217<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n77,217<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3,110,993<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2,919,923<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(150,591<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n6,174,668<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Balance at December 31, 2024<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n217,126<\/p>\n<\/td>\n \n77,242<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n77,242<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3,129,680<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3,175,777<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(167,944<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n6,431,881<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPreferred dividends paid ($33.76 per share)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(7,596<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(7,596<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nCommon dividends paid ($0.48 per share)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(37,766<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(37,766<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nIssuance of restricted common shares<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n162<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n162<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(162<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nForfeiture of restricted common shares<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(21<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(21<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRestricted shares withheld for taxes & related tax benefits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(55<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(55<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(6,211<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(6,266<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nIssuance of common stock pursuant to RSU and PSU agreements, net of shares withheld for taxes & related tax benefits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n220<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n220<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(13,409<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(13,189<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nCompensation expense for restricted shares, RSUs and PSUs<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21,579<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21,579<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n298,948<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n298,948<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther comprehensive loss<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(50,354<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(50,354<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n Balance at June 30, 2025<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n217,126<\/p>\n<\/td>\n \n77,548<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n77,548<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3,131,498<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3,429,363<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(218,298<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n6,637,237<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES<\/b><\/p>\n<\/td>\n<\/tr>\n SELECTED QUARTERLY FINANCIAL DATA \u2013 UNAUDITED<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n (dollars in thousands)<\/i><\/b><\/p>\n<\/td>\n June<\/b><\/p>\n<\/td>\n March<\/b><\/p>\n<\/td>\n December<\/b><\/p>\n<\/td>\n September<\/b><\/p>\n<\/td>\n June<\/b><\/p>\n<\/td>\n March<\/b><\/p>\n<\/td>\n<\/tr>\n 2025<\/b><\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n Balance sheet data, at quarter end:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCommercial and industrial loans<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n14,905,306<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,131,312<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,815,817<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12,986,865<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12,328,622<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11,893,198<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCommercial real estate – owner occupied loans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,744,806<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,594,376<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,388,531<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,264,743<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,217,351<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,044,973<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCommercial real estate – investment loans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,891,694<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,977,583<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,931,420<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,919,235<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,998,326<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,138,711<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCommercial real estate – multifamily and other loans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,393,696<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,360,515<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,198,698<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,213,153<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,185,858<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,924,931<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nConsumer real estate – mortgage loans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,163,761<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,977,358<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,914,482<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,907,766<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,874,846<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,828,416<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nConstruction and land development loans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,412,060<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,525,860<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,699,321<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,486,504<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,621,563<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,818,334<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nConsumer and other loans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n593,841<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n569,742<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n537,507<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n530,044<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n542,584<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n514,310<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal loans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n37,105,164<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n36,136,746<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n35,485,776<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,308,310<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n33,769,150<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n33,162,873<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAllowance for credit losses<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(422,125<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(417,462<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(414,494<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(391,534<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(381,601<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(371,337<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nSecurities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,066,651<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,718,794<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,381,268<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,293,241<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,882,891<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,371,847<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n54,801,451<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n54,254,804<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n52,589,449<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n50,701,888<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n49,366,969<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n48,894,196<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNoninterest-bearing deposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,640,759<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,507,351<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,170,448<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,229,394<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,932,882<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,958,739<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal deposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44,999,244<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44,479,463<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n42,842,992<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40,954,888<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39,770,380<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39,402,025<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSecurities sold under agreements to repurchase<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n258,454<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n263,993<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n230,244<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n209,956<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n220,885<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n201,418<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFHLB advances<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,775,470<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,886,011<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,874,134<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,146,395<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,110,885<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,116,417<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSubordinated debt and other borrowings<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n426,263<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n426,042<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n425,821<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n425,600<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n425,380<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n425,159<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal shareholders’ equity<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,637,237<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,543,142<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,431,881<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,344,258<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,174,668<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,103,851<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Balance sheet data, quarterly averages:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal loans<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n36,967,754<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n36,041,530<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,980,900<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,081,759<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n33,516,804<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n33,041,954<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSecurities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,986,542<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,679,934<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,268,583<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,176,250<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,322,588<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,307,201<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFederal funds sold and other<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,854,113<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,958,593<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,153,751<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,601,267<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,268,307<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,274,062<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal earning assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n48,808,409<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n47,680,057<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n46,403,234<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44,859,276<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44,107,699<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n43,623,217<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n53,824,500<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n52,525,831<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n51,166,643<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n49,535,543<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n48,754,091<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n48,311,260<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNoninterest-bearing deposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,486,681<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,206,751<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,380,760<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,077,655<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,000,159<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,962,217<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal deposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44,233,628<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n43,018,951<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n41,682,341<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40,101,199<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39,453,828<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n38,995,709<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSecurities sold under agreements to repurchase<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n255,662<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n230,745<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n223,162<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n230,340<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n213,252<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n210,888<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFHLB advances<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,838,449<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,877,596<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,006,736<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,128,793<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,106,786<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,214,489<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSubordinated debt and other borrowings<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n427,805<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n427,624<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n427,503<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n427,380<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n427,256<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n428,281<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal shareholders’ equity<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,601,662<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,515,904<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,405,867<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,265,710<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,138,722<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,082,616<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Statement of operations data, for the three months ended:<\/b><\/p>\n<\/td>\n<\/tr>\n \nInterest income<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n694,770<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n668,160<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n684,360<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n694,865<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n668,390<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n650,483<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInterest expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n315,237<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n303,732<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n320,570<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n343,361<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n336,128<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n332,449<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet interest income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n379,533<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n364,428<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n363,790<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n351,504<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n332,262<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n318,034<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProvision for credit losses<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n24,245<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16,960<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n29,652<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n26,281<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n30,159<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,497<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet interest income after provision for credit losses<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n355,288<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n347,468<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n334,138<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n325,223<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n302,103<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n283,537<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNoninterest income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n125,457<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n98,426<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n111,545<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n115,242<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,288<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n110,103<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNoninterest expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n286,446<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n275,487<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n261,897<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n259,319<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n271,389<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n242,365<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIncome before income taxes<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n194,299<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n170,407<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n183,786<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n181,146<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n65,002<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n151,275<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIncome tax expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n35,759<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n29,999<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n32,527<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,455<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11,840<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n27,331<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n158,540<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n140,408<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n151,259<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n146,691<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n53,162<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n123,944<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPreferred stock dividends<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,798<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,798<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,798<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,798<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,798<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,798<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nNet income available to common shareholders<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n154,742<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n136,610<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n147,461<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n142,893<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n49,364<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n120,146<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Profitability and other ratios:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nReturn on avg. assets (1)<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n1.05<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n1.15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n1.15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n0.41<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n1.00<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nReturn on avg. equity (1)<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9.40<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n8.50<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n9.16<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n9.07<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3.23<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n7.94<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nReturn on avg. common equity (1)<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9.72<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n8.80<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n9.48<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n9.40<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3.35<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n8.24<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nReturn on avg. tangible common equity (1)<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13.75<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n12.51<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n13.58<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n13.61<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n4.90<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n12.11<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nCommon stock dividend payout ratio (14)<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12.73<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n15.53<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n14.72<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n16.73<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n17.29<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n12.59<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nNet interest margin (2)<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.23<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3.21<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3.22<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3.22<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3.14<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3.04<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nNoninterest income to total revenue (3)<\/sup><\/p>\n<\/td>\n |