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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	2,227	2,221	1,950	1,182	924.04	919.74
Interest Income on Investments	488.54	477.04	403	191.44	107.17	101.3
Total Interest Income	2,716	2,698	2,353	1,374	1,031	1,021
Interest Paid on Deposits	1,176	1,203	983.12	204.12	54.12	135.55
Interest Paid on Borrowings	127.91	129.05	108.13	40.52	44.7	63.71
Total Interest Expense	1,304	1,333	1,091	244.64	98.81	199.25
Net Interest Income	1,412	1,366	1,262	1,129	932.4	821.79
Net Interest Income Growth (YoY)	11.36%	8.20%	11.76%	21.12%	13.46%	7.26%
Trust Income	35.14	33.22	26.68	23.51	20.72	16.5
Gain (Loss) on Sale of Assets	2.41	2.26	86.05	0.46	0.02	-
Gain (Loss) on Sale of Investments	-67.25	-54.74	-10.94	16.26	23.87	2.06
Gain (Loss) on Sale of Equity Investments	67.54	63.17	85.4	145.47	122.27	83.54
Other Non-Interest Income	247.91	256.74	190.33	178.49	155.12	121.42
Total Non-Interest Income	359.5	371.18	433.25	416.12	395.73	317.84
Non-Interest Income Growth (YoY)	-20.79%	-14.33%	4.12%	5.15%	24.51%	19.79%
Revenues Before Loan Losses	1,771	1,737	1,695	1,545	1,328	1,140
Provision for Loan Losses	103.05	120.59	93.6	67.93	16.13	203.82
Revenue	1,668	1,616	1,602	1,477	1,312	935.81
Revenue Growth (YoY)	3.47%	0.90%	8.41%	12.61%	40.20%	-6.81%
Salaries and Employee Benefits	606.18	580.1	489.95	470.62	411.05	315.75
Amortization of Goodwill & Intangibles	6.09	6.25	7.09	7.81	8.52	9.79
Selling, General & Administrative	255.33	245.65	215.92	180.47	141.29	125.72
Other Non-Interest Expense	200.31	202.75	174.5	120.82	99.96	89.47
Total Non-Interest Expense	1,068	1,035	887.77	780	660.1	549.29
EBT Excluding Unusual Items	600.34	581.21	714.01	697.49	651.91	386.53
Other Unusual Items	-	-	-	-	-	-15.17
Pretax Income	600.34	581.21	714.01	697.49	651.91	371.36
Income Tax Expense	108.82	106.15	151.85	136.75	124.58	59.04
Net Income	491.52	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	476.33	459.86	546.96	545.55	512.13	304.73
Net Income Growth	-10.44%	-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)	0.68%	0.63%	0.68%	0.27%	0.36%	-1.44%
EPS (Basic)	6.22	6.01	7.20	7.20	6.79	4.04
EPS (Diluted)	6.16	5.96	7.14	7.17	6.75	4.03
EPS Growth	-11.38%	-16.53%	-0.42%	6.22%	67.49%	-22.80%
Dividend Per Share	0.900	0.880	0.880	0.880	0.720	0.640
Dividend Growth	2.27%	-	-	22.22%	12.50%	-
Effective Tax Rate	18.13%	18.26%	21.27%	19.61%	19.11%	15.90%

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q