Pinnacle Financial Partners, Inc. (PNFP)

PNFP Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,194	1,950	1,182	924.04	919.74	955.39
Interest Income on Investments	464.58	403	191.44	107.17	101.3	112.55
Total Interest Income	2,659	2,353	1,374	1,031	1,021	1,068
Interest Paid on Deposits	1,214	983.12	204.12	54.12	135.55	231.64
Interest Paid on Borrowings	125.98	108.13	40.52	44.7	63.71	70.15
Total Interest Expense	1,339	1,091	244.64	98.81	199.25	301.79
Net Interest Income	1,319	1,262	1,129	932.4	821.79	766.14
Net Interest Income Growth (YoY)	4.33%	11.76%	21.12%	13.46%	7.26%	4.05%
Trust Income	31.11	26.68	23.51	20.72	16.5	14.18
Gain (Loss) on Sale of Assets	2.32	86.05	0.46	0.02	-	-
Gain (Loss) on Sale of Investments	-60.49	-10.94	16.26	23.87	2.06	-3.15
Gain (Loss) on Sale of Equity Investments	65.53	85.4	145.47	122.27	83.54	90.11
Other Non-Interest Income	233.7	190.33	178.49	155.12	121.42	103.08
Total Non-Interest Income	338.72	433.25	416.12	395.73	317.84	265.33
Non-Interest Income Growth (YoY)	-22.40%	4.12%	5.15%	24.51%	19.79%	32.10%
Revenues Before Loan Losses	1,658	1,695	1,545	1,328	1,140	1,031
Provision for Loan Losses	107.25	93.6	67.93	16.13	203.82	27.28
Revenue	1,551	1,602	1,477	1,312	935.81	1,004
Revenue Growth (YoY)	-3.02%	8.41%	12.61%	40.20%	-6.81%	11.23%
Salaries and Employee Benefits	545.98	489.95	470.62	411.05	315.75	292.13
Amortization of Goodwill & Intangibles	6.46	7.09	7.81	8.52	9.79	9.91
Selling, General & Administrative	242.02	215.92	180.47	141.29	125.72	127.2
Other Non-Interest Expense	229.49	174.5	120.82	99.96	89.47	71.68
Total Non-Interest Expense	1,024	887.77	780	660.1	549.29	505.15
EBT Excluding Unusual Items	526.28	714.01	697.49	651.91	386.53	499.04
Other Unusual Items	-	-	-	-	-15.17	-
Pretax Income	526.28	714.01	697.49	651.91	371.36	497.54
Income Tax Expense	107.51	151.85	136.75	124.58	59.04	96.66
Net Income	418.78	562.15	560.74	527.32	312.32	400.88
Preferred Dividends & Other Adjustments	15.19	15.19	15.19	15.19	7.6	-
Net Income to Common	403.58	546.96	545.55	512.13	304.73	400.88
Net Income Growth	-30.78%	0.25%	6.34%	68.84%	-22.09%	11.53%
Basic Shares Outstanding	76	76	76	75	75	76
Diluted Shares Outstanding	77	77	76	76	76	77
Shares Change (YoY)	1.01%	0.67%	0.27%	0.36%	-1.45%	-0.89%
EPS (Basic)	5.29	7.20	7.20	6.79	4.04	5.25
EPS (Diluted)	5.24	7.14	7.17	6.75	4.03	5.22
EPS Growth	-32.23%	-0.42%	6.22%	67.49%	-22.80%	12.50%
Dividend Per Share	0.880	0.880	0.880	0.720	0.640	0.640
Dividend Growth	0%	0%	22.22%	12.50%	0%	10.34%
Effective Tax Rate	20.43%	21.27%	19.61%	19.11%	15.90%	19.43%

Source: S&P Capital IQ. Banks template. Financial Sources.