Pinnacle Financial Partners, Inc. (PNFP)

PNFP Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	2,244	2,221	1,950	1,182	924.04	919.74
Interest Income on Investments	497.73	477.04	403	191.44	107.17	101.3
Total Interest Income	2,742	2,698	2,353	1,374	1,031	1,021
Interest Paid on Deposits	1,156	1,203	983.12	204.12	54.12	135.55
Interest Paid on Borrowings	126.86	129.05	108.13	40.52	44.7	63.71
Total Interest Expense	1,283	1,333	1,091	244.64	98.81	199.25
Net Interest Income	1,459	1,366	1,262	1,129	932.4	821.79
Net Interest Income Growth (YoY)	13.58%	8.20%	11.76%	21.12%	13.46%	7.26%
Trust Income	36.1	33.22	26.68	23.51	20.72	16.5
Gain (Loss) on Sale of Assets	2.29	2.26	86.05	0.46	0.02	-
Gain (Loss) on Sale of Investments	4.85	-54.74	-10.94	16.26	23.87	2.06
Gain (Loss) on Sale of Equity Investments	74.88	63.17	85.4	145.47	122.27	83.54
Other Non-Interest Income	257.58	256.74	190.33	178.49	155.12	121.42
Total Non-Interest Income	450.67	371.18	433.25	416.12	395.73	317.84
Non-Interest Income Growth (YoY)	43.40%	-14.33%	4.12%	5.15%	24.51%	19.79%
Revenues Before Loan Losses	1,910	1,737	1,695	1,545	1,328	1,140
Provision for Loan Losses	97.14	120.59	93.6	67.93	16.13	203.82
Revenue	1,813	1,616	1,602	1,477	1,312	935.81
Revenue Growth (YoY)	21.56%	0.90%	8.41%	12.61%	40.20%	-6.81%
Salaries and Employee Benefits	637.31	580.1	489.95	470.62	411.05	315.75
Amortization of Goodwill & Intangibles	5.92	6.25	7.09	7.81	8.52	9.79
Selling, General & Administrative	264.39	245.65	215.92	180.47	141.29	125.72
Other Non-Interest Expense	175.23	202.75	174.5	120.82	99.96	89.47
Total Non-Interest Expense	1,083	1,035	887.77	780	660.1	549.29
EBT Excluding Unusual Items	729.64	581.21	714.01	697.49	651.91	386.53
Other Unusual Items	-	-	-	-	-	-15.17
Pretax Income	729.64	581.21	714.01	697.49	651.91	371.36
Income Tax Expense	132.74	106.15	151.85	136.75	124.58	59.04
Net Income	596.9	475.06	562.15	560.74	527.32	312.32
Preferred Dividends & Other Adjustments	15.19	15.19	15.19	15.19	15.19	7.6
Net Income to Common	581.71	459.86	546.96	545.55	512.13	304.73
Net Income Growth	47.50%	-15.49%	0.25%	6.34%	68.84%	-22.09%
Basic Shares Outstanding	77	76	76	76	75	75
Diluted Shares Outstanding	77	77	77	76	76	76
Shares Change (YoY)	0.77%	0.63%	0.68%	0.27%	0.36%	-1.44%
EPS (Basic)	7.59	6.01	7.20	7.20	6.79	4.04
EPS (Diluted)	7.51	5.96	7.14	7.17	6.75	4.03
EPS Growth	48.26%	-16.53%	-0.42%	6.22%	67.49%	-22.80%
Dividend Per Share	0.920	0.880	0.880	0.880	0.720	0.640
Dividend Growth	4.54%	-	-	22.22%	12.50%	-
Effective Tax Rate	18.19%	18.26%	21.27%	19.61%	19.11%	15.90%

Updated Jul 15, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q