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Pinnacle Financial Partners (PNFPP) Financials

Pinnacle Financial Partners logo
$25.15 +0.47 (+1.90%)
Closing price 08/12/2025 03:57 PM Eastern
Extended Trading
$25.12 -0.02 (-0.10%)
As of 08/12/2025 04:04 PM Eastern
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Annual Income Statements for Pinnacle Financial Partners

Annual Income Statements for Pinnacle Financial Partners

This table shows Pinnacle Financial Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 96 127 174 359 401 305 512 546 547 460
Consolidated Net Income / (Loss)		 96 127 174 359 401 312 527 561 562 475
Net Income / (Loss) Continuing Operations		 96 127 174 359 401 312 527 561 562 475
Total Pre-Tax Income 		143 191 298 450 498 371 652 697 714 581
Total Revenue		 323 446 688 937 1,030 1,140 1,328 1,545 1,695 1,737
Net Interest Income / (Expense)		 237 325 543 736 766 822 932 1,129 1,262 1,366
Total Interest Income		 255 364 636 947 1,068 1,021 1,031 1,374 2,353 2,698
Loans and Leases Interest Income		 233 336 578 850 955 920 924 1,182 1,950 2,221
Investment Securities Interest Income		 21 25 53 84 98 95 100 149 238 318
Federal Funds Sold and Securities Borrowed Interest Income		 1.48 2.68 5.08 12 15 6.77 7.55 43 165 159
Total Interest Expense		 19 39 93 210 302 199 99 245 1,091 1,333
Deposits Interest Expense		 13 24 60 151 232 136 54 204 983 1,203
Short-Term Borrowings Interest Expense		 5.19 15 33 59 70 63 44 40 104 124
Federal Funds Purchased and Securities Sold Interest Expense		 0.14 0.19 0.41 0.59 0.57 0.35 0.24 0.79 3.74 5.39
Total Non-Interest Income		 87 121 145 201 264 318 396 416 433 371
Provision for Credit Losses		 9.19 18 24 34 27 204 16 68 94 121
Total Non-Interest Expense		 171 236 367 453 505 564 660 780 888 1,035
Salaries and Employee Benefits		 106 141 210 272 313 334 436 510 532 621
Net Occupancy & Equipment Expense		 27 35 54 74 85 88 95 110 139 166
Marketing Expense		 4.86 6.54 8.32 12 13 11 13 21 24 27
Other Operating Expenses		 26 37 53 76 80 112 108 131 186 215
Amortization Expense		 1.97 4.28 8.82 11 9.91 9.79 8.52 7.81 7.09 6.25
Other Special Charges		 -0.31 0.40 1.08 0.72 4.23 8.56 -0.71 0.28 0.32 0.22
Income Tax Expense		 48 64 124 91 97 59 125 137 152 106
Preferred Stock Dividends Declared		 - - - 0.00 0.00 7.60 15 15 15 15
Basic Earnings per Share		 $2.58 $2.96 $2.73 $4.66 $5.25 $4.04 $6.79 $7.20 $7.20 $6.01
Weighted Average Basic Shares Outstanding		 37.02M 43.04M 63.76M 77.11M 76.36M 75.38M 75.47M 75.74M 76.02M 76.46M
Diluted Earnings per Share		 $2.52 $2.91 $2.70 $4.64 $5.22 $4.03 $6.75 $7.17 $7.14 $5.96
Weighted Average Diluted Shares Outstanding		 37.97M 43.73M 64.33M 77.45M 76.76M 75.65M 75.93M 76.13M 76.65M 77.13M
Weighted Average Basic & Diluted Shares Outstanding		 37M 43M 63.70M 77.10M 77.53M 75.99M 76.29M 76.64M 76.94M 77.37M

Quarterly Income Statements for Pinnacle Financial Partners

This table shows Pinnacle Financial Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 145 134 133 194 129 91 120 49 143 147
Consolidated Net Income / (Loss)		 149 138 137 197 133 95 124 53 147 151
Net Income / (Loss) Continuing Operations		 149 138 137 197 133 95 124 53 147 151
Total Pre-Tax Income 		184 175 171 246 168 129 151 65 181 184
Total Revenue		 411 402 402 489 408 396 428 367 467 475
Net Interest Income / (Expense)		 306 319 312 315 317 317 318 332 352 364
Total Interest Income		 372 451 506 575 627 645 650 668 695 684
Loans and Leases Interest Income		 316 387 432 479 509 531 541 552 570 558
Investment Securities Interest Income		 40 48 53 57 61 67 69 76 90 84
Federal Funds Sold and Securities Borrowed Interest Income		 16 16 21 40 58 47 40 41 35 43
Total Interest Expense		 66 132 194 260 310 328 332 336 343 321
Deposits Interest Expense		 55 120 177 229 280 298 301 304 311 288
Short-Term Borrowings Interest Expense		 11 11 17 30 29 29 30 30 31 32
Federal Funds Purchased and Securities Sold Interest Expense		 0.18 0.47 0.60 0.78 1.07 1.30 1.40 1.32 1.50 1.18
Total Non-Interest Income		 105 82 90 174 91 79 110 34 115 112
Provision for Credit Losses		 27 25 19 32 27 16 34 30 26 30
Total Non-Interest Expense		 199 202 212 212 213 251 242 271 259 262
Salaries and Employee Benefits		 130 132 136 132 130 133 146 150 160 165
Net Occupancy & Equipment Expense		 28 29 30 34 37 38 40 41 43 43
Marketing Expense		 4.96 7.58 5.94 5.66 5.48 6.83 6.13 6.78 5.60 8.17
Other Operating Expenses		 35 31 38 38 39 71 49 72 49 45
Amortization Expense		 1.95 1.94 1.79 1.78 1.77 1.75 1.58 1.57 1.56 1.54
Other Special Charges		 -0.09 0.18 0.10 0.06 0.03 0.13 0.08 0.02 0.06 0.06
Income Tax Expense		 35 37 34 49 35 34 27 12 34 33
Preferred Stock Dividends Declared		 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80
Basic Earnings per Share		 $1.91 $1.76 $1.76 $2.55 $1.69 $1.20 $1.58 $0.65 $1.87 $1.91
Weighted Average Basic Shares Outstanding		 75.76M 75.74M 75.92M 76.03M 76.04M 76.02M 76.28M 76.51M 76.52M 76.46M
Diluted Earnings per Share		 $1.91 $1.75 $1.76 $2.54 $1.69 $1.15 $1.57 $0.64 $1.86 $1.89
Weighted Average Diluted Shares Outstanding		 75.98M 76.13M 76.04M 76.09M 76.20M 76.65M 76.43M 76.64M 76.77M 77.13M
Weighted Average Basic & Diluted Shares Outstanding		 152.91M 76.64M 153.49M 153.52M 153.55M 76.94M 154.44M 154.47M 77.25M 77.37M

Annual Cash Flow Statements for Pinnacle Financial Partners

This table details how cash moves in and out of Pinnacle Financial Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 133 -137 596 -417 -195 3,435 140 -2,924 1,053 1,206
Net Cash From Operating Activities		 85 152 166 471 431 427 657 605 478 904
Net Cash From Continuing Operating Activities		 85 152 166 111 435 427 657 605 478 904
Net Income / (Loss) Continuing Operations		 96 127 174 0.00 401 312 527 561 562 475
Consolidated Net Income / (Loss)		 96 127 174 - 401 312 527 561 562 475
Provision For Loan Losses		 9.19 18 24 34 27 204 16 68 94 121
Depreciation Expense		 10 0.19 -24 -24 8.34 45 53 62 79 99
Amortization Expense		 5.23 8.63 13 -19 20 38 59 66 59 51
Non-Cash Adjustments to Reconcile Net Income		 -26 -0.14 34 3,289 -43 -85 -12 -43 -60 -1.92
Changes in Operating Assets and Liabilities, net		 -9.85 -1.96 -55 85 22 -88 13 -109 -255 161
Net Cash From Investing Activities		 -743 -1,279 -2,116 -2,969 -2,616 -3,568 -3,613 -6,684 -4,602 -3,672
Net Cash From Continuing Investing Activities		 -743 -1,279 -2,426 -2,969 -2,616 -3,568 -3,613 -6,684 -4,602 -3,672
Purchase of Property, Leasehold Improvements and Equipment		 -11 -17 -53 -24 -42 -39 -23 -64 -78 -95
Purchase of Investment Securities		 -1,089 -1,652 -2,912 -3,467 -3,701 -4,184 -4,305 -7,146 -1,533 -5,210
Sale and/or Maturity of Investments		 344 372 850 522 1,127 655 716 525 -2,991 1,632
Net Cash From Financing Activities		 791 989 2,546 2,440 1,990 6,576 3,096 3,155 5,177 3,974
Net Cash From Continuing Financing Activities		 791 989 2,545 2,440 1,997 6,581 3,102 3,165 5,183 3,974
Net Change in Deposits		 783 822 1,488 2,399 1,332 7,525 3,599 3,661 3,579 4,303
Issuance of Debt		 1,194 2,177 1,965 1,685 2,673 819 0.00 500 3,425 455
Issuance of Common Equity		 0.00 0.00 192 0.00 0.00 -2.49 -3.79 -5.46 -3.73 -14
Repayment of Debt		 -1,143 -2,008 -1,051 -1,542 -1,922 -1,874 -450 -955 -1,750 -700
Repurchase of Common Equity		 - 0.00 0.00 -21 -61 -51 3.13 4.71 3.22 -5.84
Payment of Dividends		 -18 -25 -36 -45 -50 -57 -71 -83 -84 -84
Other Financing Activities, Net		 -25 23 -13 -36 25 4.39 24 42 15 21

Quarterly Cash Flow Statements for Pinnacle Financial Partners

This table details how cash moves in and out of Pinnacle Financial Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 172 -626 1,642 1,014 -681 -922 476 -328 455 603
Net Cash From Operating Activities		 300 105 360 -111 122 107 197 86 121 500
Net Cash From Continuing Operating Activities		 295 104 360 61 122 -65 197 86 121 500
Net Income / (Loss) Continuing Operations		 149 138 137 197 133 95 124 53 147 151
Consolidated Net Income / (Loss)		 149 138 137 197 133 95 124 53 147 151
Provision For Loan Losses		 27 25 19 32 27 16 34 30 26 30
Depreciation Expense		 15 18 20 20 19 19 23 25 25 26
Amortization Expense		 16 15 15 15 15 14 14 14 11 12
Non-Cash Adjustments to Reconcile Net Income		 13 4.96 15 35 -27 -83 5.72 -0.75 19 -26
Changes in Operating Assets and Liabilities, net		 75 -96 154 -238 -44 -127 -4.00 -35 -107 307
Net Cash From Investing Activities		 -793 -1,560 -1,563 -463 -1,312 -1,265 -536 -780 -823 -1,534
Net Cash From Continuing Investing Activities		 -825 -1,621 -1,563 -463 -1,312 -1,265 -536 -780 -823 -1,534
Purchase of Property, Leasehold Improvements and Equipment		 -24 -16 -36 -11 -15 -16 -17 -27 -25 -25
Purchase of Investment Securities		 -1,404 -1,231 -1,579 -1,011 -1,474 2,530 -712 -1,005 -446 -3,047
Sale and/or Maturity of Investments		 603 -373 51 362 177 -3,580 194 250 -356 1,545
Net Cash From Financing Activities		 664 829 2,845 1,587 509 236 814 366 1,157 1,637
Net Cash From Continuing Financing Activities		 664 839 2,845 1,587 509 242 814 366 1,157 1,637
Net Change in Deposits		 1,095 1,271 1,217 1,544 573 244 862 368 1,185 1,888
Issuance of Common Equity		 -0.00 - -3.65 - - -0.08 -14 - 9.27 -9.27
Repayment of Debt		 -400 -525 -475 -1,200 -75 -0.09 -450 -0.10 -0.11 -250
Repurchase of Common Equity		 -0.35 9.14 -2.12 -0.31 -0.37 6.01 -4.14 -0.45 -9.85 8.59
Payment of Dividends		 -21 -21 -21 -21 -21 -21 -21 -21 -21 -21
Other Financing Activities, Net		 -9.03 4.36 -45 14 32 13 -8.07 19 -11 20

Annual Balance Sheets for Pinnacle Financial Partners

This table presents Pinnacle Financial Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 8,715 11,195 22,206 25,031 27,805 34,933 38,469 41,970 47,960 52,589
Cash and Due from Banks		 75 85 177 203 158 427 188 300 229 320
Restricted Cash		 - - - - 137 - - - 87 94
Interest Bearing Deposits at Other Banks		 219 98 497 517 211 3,522 3,831 877 1,915 3,022
Trading Account Securities		 1,055 1,529 2,758 3,551 3,900 5,011 6,321 4,558 8,431 9,060
Loans and Leases, Net of Allowance		 6,478 8,391 15,566 17,624 19,693 22,139 23,151 28,741 -353 -414
Allowance for Loan and Lease Losses		 65 59 67 84 95 285 263 301 353 414
Loans Held for Sale		 48 70 129 16 18 31 - 21 9.28 20
Premises and Equipment, Net		 78 89 266 266 274 290 288 328 257 311
Goodwill		 432 552 1,808 1,807 1,820 1,820 1,820 1,847 1,847 1,849
Intangible Assets		 11 15 57 46 51 42 34 35 27 21
Other Assets		 292 365 843 999 1,523 1,637 1,581 5,264 35,511 38,306
Total Liabilities & Shareholders' Equity		 8,715 11,195 22,206 25,031 27,805 34,933 38,469 41,970 47,960 52,589
Total Liabilities		 7,559 9,698 18,498 21,065 23,450 30,028 24,059 36,451 41,924 46,158
Non-Interest Bearing Deposits		 1,890 2,399 4,381 4,309 4,795 7,392 10,461 9,813 7,907 8,170
Interest Bearing Deposits		 5,082 6,360 12,070 14,540 15,386 20,313 12,180 25,148 30,633 34,673
Short-Term Debt		 79 86 135 105 126 128 153 195 209 230
Accrued Interest Payable		 2.59 5.57 10 24 42 25 - 19 67 56
Long-Term Debt		 442 757 1,785 1,929 2,812 1,759 889 888 2,563 2,300
Other Long-Term Liabilities		 64 90 115 159 289 411 377 387 545 729
Total Equity & Noncontrolling Interests		 1,156 1,497 3,708 3,966 4,356 4,905 5,017 5,519 6,036 6,432
Total Preferred & Common Equity		 1,156 1,497 3,708 3,966 4,356 4,905 5,311 5,519 6,036 6,432
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 217 - 217 217 217
Total Common Equity		 1,156 1,497 3,708 3,966 4,356 4,687 5,017 5,302 5,819 6,215
Common Stock		 881 1,130 3,193 3,185 3,141 3,104 3,046 3,151 3,186 3,207
Retained Earnings		 279 381 519 833 1,184 1,408 1,864 2,342 2,785 3,176
Accumulated Other Comprehensive Income / (Loss)		 -3.49 -14 -4.24 -52 31 176 107 -191 -153 -168

Quarterly Balance Sheets for Pinnacle Financial Partners

This table presents Pinnacle Financial Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 41,000 45,120 46,876 47,524 48,894 49,367 50,702
Cash and Due from Banks		 187 209 470 297 234 270 470
Interest Bearing Deposits at Other Banks		 1,617 2,597 3,363 2,855 2,472 2,108 2,363
Trading Account Securities		 4,543 4,832 4,646 4,964 5,390 5,601 5,882
Loans and Leases, Net of Allowance		 27,424 29,984 30,816 31,597 32,792 33,388 33,917
Loans and Leases		 27,712 30,298 31,153 31,943 33,163 33,769 34,308
Allowance for Loan and Lease Losses		 288 314 337 346 371 382 392
Loans Held for Sale		 15 23 23 21 111 16 187
Premises and Equipment, Net		 320 355 245 253 266 283 295
Goodwill		 1,846 1,847 1,847 1,847 1,847 1,847 1,847
Intangible Assets		 36 33 31 29 26 24 23
Other Assets		 5,012 5,226 5,435 5,661 5,757 5,830 5,718
Total Liabilities & Shareholders' Equity		 41,000 45,120 46,876 47,524 48,894 49,367 50,702
Total Liabilities		 35,658 39,435 41,032 41,686 42,790 43,192 44,358
Non-Interest Bearing Deposits		 10,568 9,018 8,437 8,324 7,959 7,933 8,229
Interest Bearing Deposits		 23,122 27,160 29,286 29,971 31,443 31,837 32,725
Short-Term Debt		 191 150 164 196 201 221 210
Accrued Interest Payable		 10 32 54 67 58 59 59
Long-Term Debt		 1,313 2,591 2,625 2,535 2,116 2,536 2,146
Other Long-Term Liabilities		 454 485 467 592 587 606 562
Total Equity & Noncontrolling Interests		 5,342 5,684 5,844 5,838 6,104 6,175 6,344
Total Preferred & Common Equity		 5,342 5,684 5,844 5,838 6,104 6,175 6,344
Preferred Stock		 217 217 217 217 217 217 217
Total Common Equity		 5,125 5,467 5,627 5,621 5,887 5,958 6,127
Common Stock		 3,143 3,156 3,165 3,174 3,178 3,188 3,198
Retained Earnings		 2,225 2,458 2,634 2,746 2,888 2,920 3,046
Accumulated Other Comprehensive Income / (Loss)		 -243 -147 -172 -300 -179 -151 -117

Annual Metrics And Ratios for Pinnacle Financial Partners

This table displays calculated financial ratios and metrics derived from Pinnacle Financial Partners' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 31.59% 38.01% 54.31% 36.18% 9.90% 10.65% 16.54% 16.36% 9.70% 2.44%
EBITDA Growth		 32.76% 26.23% 43.46% 41.78% 29.22% -13.60% 68.11% 8.03% 3.13% -14.17%
EBIT Growth		 35.44% 33.74% 55.70% 51.00% 10.58% -25.36% 75.55% 6.99% 2.37% -18.60%
NOPAT Growth		 35.53% 33.21% 36.75% 106.60% 11.53% -22.09% 68.84% 6.34% 0.25% -15.49%
Net Income Growth		 35.53% 33.21% 36.75% 106.60% 11.53% -22.09% 68.84% 6.34% 0.25% -15.49%
EPS Growth		 25.37% 15.48% -7.22% 71.85% 12.50% -22.80% 67.49% 6.22% -0.42% -16.53%
Operating Cash Flow Growth		 -11.00% 80.03% 8.89% 183.82% -8.34% -1.10% 54.06% -7.99% -20.92% 89.03%
Free Cash Flow Firm Growth		 -192.28% -36.37% -481.58% 99.64% -7,784.18% 191.19% -1,098.17% 215.70% -117.47% 119.55%
Invested Capital Growth		 41.09% 39.54% 140.59% 6.59% 21.57% -6.89% 127.52% -57.27% 33.40% 1.74%
Revenue Q/Q Growth		 11.52% 5.21% 15.25% 4.02% 0.00% 12.18% -2.77% 4.20% -0.32% 4.77%
EBITDA Q/Q Growth		 11.02% 4.57% 8.07% 1.23% 196.82% 29.23% -4.21% 1.22% -5.05% 8.86%
EBIT Q/Q Growth		 9.29% 7.84% 10.22% 8.90% 194.58% 31.23% -5.85% 1.24% -6.06% 10.44%
NOPAT Q/Q Growth		 9.29% 7.83% -5.07% 23.55% 0.19% 4.97% 4.49% 0.78% -7.09% 13.44%
Net Income Q/Q Growth		 9.29% 7.83% -5.07% 23.55% 0.19% 4.97% 4.49% 0.78% -7.09% 13.44%
EPS Q/Q Growth		 4.56% 5.43% -16.67% 26.78% 0.38% 4.13% 4.49% 0.70% -7.75% 14.18%
Operating Cash Flow Q/Q Growth		 22.33% 19.25% -14.69% 29.25% -7.55% 1.92% 16.63% -15.86% 0.51% 76.79%
Free Cash Flow Firm Q/Q Growth		 38.98% -172.29% 11.10% -106.67% -14.60% 31.79% -1,442.46% 1,852.46% -46.97% 11.92%
Invested Capital Q/Q Growth		 -11.30% 6.11% -4.48% -0.23% 1.40% -1.18% 128.19% -3.55% 2.79% 3.01%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 49.08% 44.89% 41.73% 43.45% 51.09% 39.89% 57.54% 53.42% 50.22% 42.08%
EBIT Margin		 44.28% 42.91% 43.30% 48.01% 48.31% 32.59% 49.08% 45.13% 42.12% 33.47%
Profit (Net Income) Margin		 29.55% 28.53% 25.28% 38.35% 38.92% 27.41% 39.70% 36.28% 33.16% 27.35%
Tax Burden Percent		 66.74% 66.48% 58.39% 79.88% 80.57% 84.10% 80.89% 80.39% 78.73% 81.74%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 33.26% 33.52% 41.62% 20.12% 19.43% 15.90% 19.11% 19.61% 21.27% 18.26%
Return on Invested Capital (ROIC)		 6.67% 6.34% 4.37% 6.18% 6.03% 4.43% 4.74% 5.09% 7.30% 5.35%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.67% 6.34% 4.37% 6.18% 6.03% 4.43% 4.74% 5.09% 7.30% 5.35%
Return on Net Nonoperating Assets (RNNOA)		 3.09% 3.26% 2.32% 3.19% 3.60% 2.31% 5.89% 5.56% 2.43% 2.27%
Return on Equity (ROE)		 9.75% 9.59% 6.69% 9.37% 9.63% 6.75% 10.63% 10.64% 9.73% 7.62%
Cash Return on Invested Capital (CROIC)		 -27.42% -26.67% -78.19% -0.19% -13.44% 11.57% -73.13% 85.33% -21.33% 3.62%
Operating Return on Assets (OROA)		 1.94% 1.92% 1.78% 1.91% 1.88% 1.18% 1.78% 1.73% 1.59% 1.16%
Return on Assets (ROA)		 1.30% 1.28% 1.04% 1.52% 1.52% 1.00% 1.44% 1.39% 1.25% 0.94%
Return on Common Equity (ROCE)		 9.75% 9.59% 6.69% 9.37% 9.63% 6.59% 10.40% 10.42% 9.36% 7.36%
Return on Equity Simple (ROE_SIMPLE)		 8.26% 8.50% 4.69% 9.06% 9.20% 6.37% 9.93% 10.16% 9.31% 7.39%
Net Operating Profit after Tax (NOPAT)		 96 127 174 359 401 312 527 561 562 475
NOPAT Margin		 29.55% 28.53% 25.28% 38.35% 38.92% 27.41% 39.70% 36.28% 33.16% 27.35%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 42.71% 40.90% 39.53% 38.16% 39.92% 38.05% 40.97% 41.47% 40.98% 46.85%
Operating Expenses to Revenue		 52.88% 52.98% 53.26% 48.32% 49.05% 49.53% 49.70% 50.47% 52.36% 59.59%
Earnings before Interest and Taxes (EBIT)		 143 191 298 450 498 371 652 697 714 581
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 159 200 287 407 526 455 764 826 851 731
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.65 1.97 1.29 0.85 1.07 1.00 1.40 1.03 1.14 1.42
Price to Tangible Book Value (P/TBV)		 2.68 3.16 2.59 1.59 1.87 1.66 2.23 1.60 1.68 2.03
Price to Revenue (P/Rev)		 5.90 6.60 6.95 3.59 4.51 4.12 5.30 3.54 3.90 5.08
Price to Earnings (P/E)		 19.97 23.13 27.47 9.36 11.57 15.39 13.75 10.03 12.10 19.18
Dividend Yield		 1.03% 0.88% 0.91% 1.34% 1.06% 1.03% 0.78% 1.23% 1.02% 0.77%
Earnings Yield		 5.01% 4.32% 3.64% 10.69% 8.64% 6.50% 7.27% 9.97% 8.26% 5.21%
Enterprise Value to Invested Capital (EV/IC)		 1.26 1.54 1.05 0.78 0.97 0.42 0.26 0.85 0.84 0.91
Enterprise Value to Revenue (EV/Rev)		 6.52 8.08 8.60 4.99 6.85 2.49 3.06 3.62 4.35 4.68
Enterprise Value to EBITDA (EV/EBITDA)		 13.29 17.99 20.61 11.48 13.40 6.23 5.32 6.77 8.66 11.13
Enterprise Value to EBIT (EV/EBIT)		 14.73 18.82 19.87 10.39 14.17 7.63 6.23 8.02 10.33 13.99
Enterprise Value to NOPAT (EV/NOPAT)		 22.07 28.31 34.03 13.01 17.59 9.07 7.71 9.97 13.12 17.12
Enterprise Value to Operating Cash Flow (EV/OCF)		 24.91 23.65 35.70 9.93 16.34 6.64 6.18 9.25 15.42 8.99
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 3.48 0.00 0.59 0.00 25.30
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.45 0.56 0.52 0.51 0.67 0.38 0.21 0.20 0.46 0.39
Long-Term Debt to Equity		 0.38 0.51 0.48 0.49 0.65 0.36 0.18 0.16 0.42 0.36
Financial Leverage		 0.46 0.51 0.53 0.52 0.60 0.52 1.24 1.09 0.33 0.43
Leverage Ratio		 7.52 7.51 6.42 6.16 6.35 6.77 7.40 7.63 7.78 8.06
Compound Leverage Factor		 7.52 7.51 6.42 6.16 6.35 6.77 7.40 7.63 7.78 8.06
Debt to Total Capital		 31.07% 36.02% 34.12% 33.89% 40.28% 27.78% 17.19% 16.41% 31.48% 28.23%
Short-Term Debt to Total Capital		 4.72% 3.66% 2.40% 1.75% 1.73% 1.89% 2.52% 2.95% 2.38% 2.57%
Long-Term Debt to Total Capital		 26.36% 32.36% 31.72% 32.15% 38.55% 25.89% 14.67% 13.46% 29.10% 25.66%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 3.20% 0.00% 3.29% 2.47% 2.42%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 68.93% 63.98% 65.88% 66.11% 59.72% 69.02% 82.81% 80.30% 66.06% 69.35%
Debt to EBITDA		 3.29 4.21 6.69 4.99 5.58 4.15 1.36 1.31 3.26 3.46
Net Debt to EBITDA		 1.26 3.29 3.97 3.22 4.58 -4.56 -3.90 -0.11 0.64 -1.24
Long-Term Debt to EBITDA		 2.79 3.78 6.22 4.74 5.34 3.87 1.16 1.08 3.01 3.15
Debt to NOPAT		 5.45 6.62 11.04 5.66 7.33 6.04 1.97 1.93 4.93 5.33
Net Debt to NOPAT		 2.09 5.18 6.56 3.65 6.01 -6.64 -5.65 -0.17 0.96 -1.91
Long-Term Debt to NOPAT		 4.63 5.95 10.26 5.37 7.01 5.63 1.69 1.58 4.56 4.84
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 2.34% 2.19% 2.06% 3.76% 3.48%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -393 -536 -3,115 -11 -893 815 -8,133 9,409 -1,643 321
Operating Cash Flow to CapEx		 778.26% 892.93% 310.03% 1,983.05% 1,023.65% 1,100.99% 2,836.50% 952.31% 611.33% 956.78%
Free Cash Flow to Firm to Interest Expense		 -21.19 -13.87 -33.56 -0.05 -2.96 4.09 -82.30 38.46 -1.51 0.24
Operating Cash Flow to Interest Expense		 4.56 3.94 1.79 2.24 1.43 2.14 6.65 2.47 0.44 0.68
Operating Cash Flow Less CapEx to Interest Expense		 3.98 3.50 1.21 2.12 1.29 1.95 6.42 2.21 0.37 0.61
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03
Fixed Asset Turnover		 4.32 5.35 3.88 3.53 3.82 4.04 4.59 5.02 5.80 6.11
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,677 2,339 5,629 5,999 7,294 6,791 15,451 6,603 8,808 8,962
Invested Capital Turnover		 0.23 0.22 0.17 0.16 0.16 0.16 0.12 0.14 0.22 0.20
Increase / (Decrease) in Invested Capital		 488 663 3,289 371 1,294 -502 8,660 -8,849 2,206 154
Enterprise Value (EV)		 2,108 3,602 5,921 4,675 7,051 2,834 4,064 5,593 7,378 8,131
Market Capitalization		 1,908 2,943 4,780 3,363 4,640 4,691 7,042 5,470 6,618 8,819
Book Value per Share		 $28.29 $32.41 $47.71 $50.92 $56.89 $61.80 $65.90 $69.35 $75.79 $80.46
Tangible Book Value per Share		 $17.45 $20.14 $23.72 $27.12 $32.45 $37.25 $41.55 $44.74 $51.37 $56.24
Total Capital		 1,677 2,339 5,629 5,999 7,294 6,791 6,059 6,603 8,808 8,962
Total Debt		 521 843 1,921 2,033 2,938 1,887 1,041 1,083 2,773 2,530
Total Long-Term Debt		 442 757 1,785 1,929 2,812 1,759 889 888 2,563 2,300
Net Debt		 200 659 1,141 1,312 2,411 -2,075 -2,978 -94 542 -906
Capital Expenditures (CapEx)		 11 17 53 24 42 39 23 64 78 95
Net Nonoperating Expense (NNE)		 -0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 521 843 1,921 2,033 2,938 1,887 10,434 1,083 2,773 2,530
Total Depreciation and Amortization (D&A)		 16 8.82 -11 -43 29 83 112 128 137 150
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.58 $2.96 $2.73 $4.66 $5.25 $4.04 $6.79 $7.20 $7.20 $6.01
Adjusted Weighted Average Basic Shares Outstanding		 37.02M 43.04M 63.76M 77.11M 76.36M 75.38M 75.47M 75.74M 76.02M 76.46M
Adjusted Diluted Earnings per Share		 $2.52 $2.91 $2.70 $4.64 $5.22 $4.03 $6.75 $7.17 $7.14 $5.96
Adjusted Weighted Average Diluted Shares Outstanding		 37.97M 43.73M 64.33M 77.45M 76.76M 75.65M 75.93M 76.13M 76.65M 77.13M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 41.04M 49.76M 77.89M 77.53M 77.53M 75.99M 76.29M 76.64M 76.94M 77.37M
Normalized Net Operating Profit after Tax (NOPAT)		 99 135 193 367 404 320 527 561 562 475
Normalized NOPAT Margin		 30.48% 30.34% 28.07% 39.12% 39.25% 28.04% 39.66% 36.30% 33.17% 27.36%
Pre Tax Income Margin		 44.28% 42.91% 43.30% 48.01% 48.31% 32.59% 49.08% 45.13% 42.12% 33.47%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 7.72 4.96 3.21 2.14 1.65 1.86 6.60 2.85 0.65 0.44
NOPAT to Interest Expense		 5.15 3.29 1.87 1.71 1.33 1.57 5.34 2.29 0.52 0.36
EBIT Less CapEx to Interest Expense		 7.13 4.51 2.63 2.03 1.51 1.67 6.36 2.59 0.58 0.37
NOPAT Less CapEx to Interest Expense		 4.57 2.85 1.30 1.60 1.19 1.37 5.10 2.03 0.44 0.29
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 19.17% 19.43% 20.64% 12.65% 12.43% 18.25% 13.41% 14.87% 14.93% 17.73%
Augmented Payout Ratio		 19.17% 19.43% 20.64% 18.40% 27.75% 34.51% 12.81% 14.03% 14.36% 18.96%

Quarterly Metrics And Ratios for Pinnacle Financial Partners

This table displays calculated financial ratios and metrics derived from Pinnacle Financial Partners' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 20.18% 18.35% 17.14% 25.42% -0.62% -1.35% 6.57% -25.08% 14.39% 19.93%
EBITDA Growth		 8.77% 5.02% 10.00% 30.68% -6.28% -21.82% -8.90% -63.24% 7.78% 36.64%
EBIT Growth		 8.52% 5.13% 8.68% 35.76% -8.63% -26.34% -11.67% -73.57% 7.84% 42.63%
NOPAT Growth		 8.85% 3.23% 6.32% 35.95% -10.80% -31.10% -9.71% -73.06% 10.62% 59.26%
Net Income Growth		 8.85% 3.23% 6.32% 35.95% -10.80% -31.10% -9.71% -73.06% 10.62% 59.26%
EPS Growth		 9.14% 2.94% 6.67% 36.56% -11.52% -34.29% -10.80% -74.80% 10.06% 64.35%
Operating Cash Flow Growth		 98.02% -52.13% 590.53% -174.67% -59.35% 2.31% -45.18% 177.51% -0.46% 366.62%
Free Cash Flow Firm Growth		 -68.81% 205.39% -20,585.47% -396.81% -2,245.03% -123.49% 108.61% 79.66% 100.95% 99.88%
Invested Capital Growth		 1.10% -57.27% 23.66% 19.45% 25.17% 33.40% -0.04% 3.46% 1.54% 1.74%
Revenue Q/Q Growth		 5.26% -2.15% -0.01% 21.77% -16.60% -2.87% 8.02% -14.38% 27.33% 1.84%
EBITDA Q/Q Growth		 0.31% -3.61% -0.38% 35.66% -28.06% -19.59% 16.08% -45.26% 110.94% 1.95%
EBIT Q/Q Growth		 1.50% -4.85% -2.09% 43.58% -31.69% -23.29% 17.40% -57.03% 178.68% 1.46%
NOPAT Q/Q Growth		 2.43% -7.27% -0.42% 43.73% -32.79% -28.37% 30.50% -57.11% 175.93% 3.11%
Net Income Q/Q Growth		 2.43% -7.27% -0.42% 43.73% -32.79% -28.37% 30.50% -57.11% 175.93% 3.11%
EPS Q/Q Growth		 2.69% -8.38% 0.57% 44.32% -33.46% -31.95% 36.52% -59.24% 190.63% 1.61%
Operating Cash Flow Q/Q Growth		 102.63% -65.10% 243.66% -130.72% 210.31% -12.14% 84.13% -56.56% 41.65% 311.86%
Free Cash Flow Firm Q/Q Growth		 130.49% 12,018.70% -116.41% 18.08% -31.66% -32.69% 106.01% -293.55% 106.12% -116.21%
Invested Capital Q/Q Growth		 -5.28% -3.55% 27.59% 2.47% -0.74% 2.79% -4.39% 6.06% -2.59% 3.01%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 52.45% 51.67% 51.47% 57.35% 49.46% 40.95% 44.00% 28.13% 46.61% 46.65%
EBIT Margin		 44.78% 43.54% 42.63% 50.26% 41.17% 32.51% 35.33% 17.73% 38.81% 38.66%
Profit (Net Income) Margin		 36.21% 34.31% 34.17% 40.33% 32.50% 23.96% 28.95% 14.50% 31.43% 31.82%
Tax Burden Percent		 80.86% 78.80% 80.15% 80.23% 78.94% 73.71% 81.93% 81.79% 80.98% 82.30%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 19.14% 21.20% 19.85% 19.77% 21.06% 26.29% 18.07% 18.21% 19.02% 17.70%
Return on Invested Capital (ROIC)		 7.89% 4.81% 7.19% 8.66% 7.17% 5.27% 5.92% 2.64% 6.03% 6.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.89% 4.81% 7.19% 8.66% 7.17% 5.27% 5.92% 2.64% 6.03% 6.22%
Return on Net Nonoperating Assets (RNNOA)		 2.31% 5.26% 2.80% 3.65% 2.72% 1.76% 2.54% 1.22% 2.52% 2.65%
Return on Equity (ROE)		 10.20% 10.06% 10.00% 12.31% 9.89% 7.03% 8.46% 3.86% 8.55% 8.87%
Cash Return on Invested Capital (CROIC)		 7.08% 85.33% -13.69% -9.89% -14.51% -21.33% 6.55% 1.20% 3.33% 3.62%
Operating Return on Assets (OROA)		 1.71% 1.67% 1.62% 1.97% 1.58% 1.23% 1.29% 0.59% 1.31% 1.34%
Return on Assets (ROA)		 1.39% 1.32% 1.30% 1.58% 1.25% 0.90% 1.06% 0.48% 1.06% 1.10%
Return on Common Equity (ROCE)		 9.78% 9.86% 9.60% 11.83% 9.50% 6.77% 8.15% 3.72% 8.25% 8.56%
Return on Equity Simple (ROE_SIMPLE)		 10.42% 0.00% 10.01% 10.63% 10.36% 0.00% 8.99% 6.55% 6.60% 0.00%
Net Operating Profit after Tax (NOPAT)		 149 138 137 197 133 95 124 53 147 151
NOPAT Margin		 36.21% 34.31% 34.17% 40.33% 32.50% 23.96% 28.95% 14.50% 31.43% 31.82%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 39.64% 41.99% 42.81% 35.12% 42.33% 44.96% 44.79% 54.00% 44.65% 45.36%
Operating Expenses to Revenue		 48.53% 50.29% 52.70% 43.26% 52.26% 63.37% 56.61% 74.04% 55.56% 55.10%
Earnings before Interest and Taxes (EBIT)		 184 175 171 246 168 129 151 65 181 184
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 215 208 207 281 202 162 188 103 218 222
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.18 1.03 0.76 0.76 0.90 1.14 1.11 1.04 1.23 1.42
Price to Tangible Book Value (P/TBV)		 1.87 1.60 1.16 1.14 1.36 1.68 1.63 1.51 1.77 2.03
Price to Revenue (P/Rev)		 4.08 3.54 2.59 2.52 2.99 3.90 3.81 3.86 4.55 5.08
Price to Earnings (P/E)		 11.18 10.03 7.49 7.07 8.61 12.10 12.29 15.83 18.71 19.18
Dividend Yield		 1.06% 1.23% 1.63% 1.58% 1.33% 1.02% 1.03% 1.10% 0.90% 0.77%
Earnings Yield		 8.95% 9.97% 13.35% 14.14% 11.62% 8.26% 8.14% 6.32% 5.34% 5.21%
Enterprise Value to Invested Capital (EV/IC)		 0.87 0.85 0.51 0.40 0.57 0.84 0.76 0.76 0.84 0.91
Enterprise Value to Revenue (EV/Rev)		 4.02 3.62 2.68 2.03 2.87 4.35 3.71 4.23 4.40 4.68
Enterprise Value to EBITDA (EV/EBITDA)		 7.31 6.77 5.09 3.80 5.44 8.66 7.67 10.31 10.86 11.13
Enterprise Value to EBIT (EV/EBIT)		 8.66 8.02 6.05 4.46 6.41 10.33 9.20 13.18 13.85 13.99
Enterprise Value to NOPAT (EV/NOPAT)		 10.72 9.97 7.56 5.57 8.06 13.12 11.64 16.71 17.41 17.12
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.30 9.25 4.71 5.29 10.24 15.42 20.23 13.21 14.25 8.99
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.38 0.59 0.00 0.00 0.00 0.00 11.58 63.91 25.39 25.30
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.28 0.20 0.48 0.48 0.47 0.46 0.38 0.45 0.37 0.39
Long-Term Debt to Equity		 0.25 0.16 0.46 0.45 0.43 0.42 0.35 0.41 0.34 0.36
Financial Leverage		 0.29 1.09 0.39 0.42 0.38 0.33 0.43 0.46 0.42 0.43
Leverage Ratio		 7.36 7.63 7.71 7.80 7.92 7.78 7.98 8.01 8.06 8.06
Compound Leverage Factor		 7.36 7.63 7.71 7.80 7.92 7.78 7.98 8.01 8.06 8.06
Debt to Total Capital		 21.96% 16.41% 32.53% 32.31% 31.87% 31.48% 27.52% 30.87% 27.08% 28.23%
Short-Term Debt to Total Capital		 2.78% 2.95% 1.78% 1.90% 2.29% 2.38% 2.39% 2.47% 2.41% 2.57%
Long-Term Debt to Total Capital		 19.18% 13.46% 30.75% 30.41% 29.59% 29.10% 25.13% 28.40% 24.67% 25.66%
Preferred Equity to Total Capital		 3.17% 3.29% 2.58% 2.52% 2.53% 2.47% 2.58% 2.43% 2.50% 2.42%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 74.86% 80.30% 64.89% 65.18% 65.59% 66.06% 69.90% 66.70% 70.42% 69.35%
Debt to EBITDA		 1.84 1.31 3.25 3.06 3.05 3.26 2.78 4.21 3.51 3.46
Net Debt to EBITDA		 -0.37 -0.11 -0.08 -1.15 -0.47 0.64 -0.47 0.58 -0.71 -1.24
Long-Term Debt to EBITDA		 1.61 1.08 3.07 2.88 2.83 3.01 2.54 3.87 3.20 3.15
Debt to NOPAT		 2.70 1.93 4.82 4.49 4.51 4.93 4.22 6.81 5.63 5.33
Net Debt to NOPAT		 -0.54 -0.17 -0.12 -1.68 -0.70 0.96 -0.71 0.94 -1.14 -1.91
Long-Term Debt to NOPAT		 2.36 1.58 4.55 4.23 4.19 4.56 3.86 6.27 5.13 4.84
Noncontrolling Interest Sharing Ratio		 4.12% 2.06% 3.96% 3.89% 3.88% 3.76% 3.68% 3.61% 3.56% 3.48%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 74 8,986 -1,475 -1,208 -1,591 -2,111 127 -246 15 -2.44
Operating Cash Flow to CapEx		 1,248.09% 652.29% 1,025.42% 0.00% 805.79% 653.86% 1,147.86% 325.42% 600.83% 2,001.86%
Free Cash Flow to Firm to Interest Expense		 1.12 68.22 -7.61 -4.65 -5.13 -6.44 0.38 -0.73 0.04 -0.01
Operating Cash Flow to Interest Expense		 4.55 0.80 1.86 -0.43 0.39 0.33 0.59 0.25 0.35 1.56
Operating Cash Flow Less CapEx to Interest Expense		 4.18 0.67 1.68 0.29 0.34 0.28 0.54 0.18 0.29 1.48
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03
Fixed Asset Turnover		 4.87 5.02 4.92 6.23 5.94 5.80 5.55 6.06 6.05 6.11
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 6,846 6,603 8,425 8,633 8,569 8,808 8,422 8,932 8,701 8,962
Invested Capital Turnover		 0.22 0.14 0.21 0.21 0.22 0.22 0.20 0.18 0.19 0.20
Increase / (Decrease) in Invested Capital		 75 -8,849 1,612 1,405 1,723 2,206 -3.00 299 132 154
Enterprise Value (EV)		 5,966 5,593 4,300 3,459 4,874 7,378 6,388 6,762 7,291 8,131
Market Capitalization		 6,048 5,470 4,149 4,286 5,078 6,618 6,559 6,166 7,551 8,819
Book Value per Share		 $67.07 $69.35 $71.33 $73.32 $73.22 $75.79 $77.17 $77.15 $79.33 $80.46
Tangible Book Value per Share		 $42.44 $44.74 $46.81 $48.85 $48.78 $51.37 $52.62 $52.92 $55.12 $56.24
Total Capital		 6,846 6,603 8,425 8,633 8,569 8,808 8,422 8,932 8,701 8,962
Total Debt		 1,504 1,083 2,741 2,789 2,731 2,773 2,318 2,757 2,356 2,530
Total Long-Term Debt		 1,313 888 2,591 2,625 2,535 2,563 2,116 2,536 2,146 2,300
Net Debt		 -300 -94 -66 -1,044 -421 542 -389 379 -477 -906
Capital Expenditures (CapEx)		 24 16 35 -187 15 16 17 26 20 25
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,504 1,083 2,741 2,789 2,731 2,773 2,318 2,757 2,356 2,530
Total Depreciation and Amortization (D&A)		 32 33 36 35 34 33 37 38 36 38
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.91 $1.76 $1.76 $2.55 $1.69 $1.20 $1.58 $0.65 $1.87 $1.91
Adjusted Weighted Average Basic Shares Outstanding		 75.76M 75.74M 75.92M 76.03M 76.04M 76.02M 76.28M 76.51M 76.52M 76.46M
Adjusted Diluted Earnings per Share		 $1.91 $1.75 $1.76 $2.54 $1.69 $1.15 $1.57 $0.64 $1.86 $1.89
Adjusted Weighted Average Diluted Shares Outstanding		 75.98M 76.13M 76.04M 76.09M 76.20M 76.65M 76.43M 76.64M 76.77M 77.13M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 152.91M 76.64M 153.49M 153.52M 153.55M 76.94M 154.44M 154.47M 77.25M 77.37M
Normalized Net Operating Profit after Tax (NOPAT)		 149 138 137 197 133 95 124 53 147 151
Normalized NOPAT Margin		 36.19% 34.34% 34.19% 40.34% 32.50% 23.99% 28.97% 14.51% 31.44% 31.83%
Pre Tax Income Margin		 44.78% 43.54% 42.63% 50.26% 41.17% 32.51% 35.33% 17.73% 38.81% 38.66%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 2.79 1.33 0.88 0.95 0.54 0.39 0.46 0.19 0.53 0.57
NOPAT to Interest Expense		 2.25 1.05 0.71 0.76 0.43 0.29 0.37 0.16 0.43 0.47
EBIT Less CapEx to Interest Expense		 2.42 1.21 0.70 1.67 0.49 0.34 0.40 0.12 0.47 0.50
NOPAT Less CapEx to Interest Expense		 1.89 0.92 0.53 1.48 0.38 0.24 0.32 0.08 0.37 0.39
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 14.41% 14.87% 14.69% 13.48% 13.85% 14.93% 15.31% 20.78% 20.09% 17.73%
Augmented Payout Ratio		 14.10% 14.03% 13.60% 12.45% 12.81% 14.36% 16.26% 22.10% 23.64% 18.96%

Key Financial Trends

Pinnacle Financial Partners (NASDAQ: PNFP) has demonstrated solid financial performance over the last four years, with steady growth in key income statement, balance sheet, and cash flow metrics. Here is a detailed summary of notable trends and observations:

  • Consistent Growth in Net Interest Income: Net interest income increased from approximately $319 million in Q4 2022 to $364 million in Q4 2024, reflecting Pinnacle’s ability to grow interest-earning assets like loans and leases while managing interest expenses.
  • Rising Net Income and Earnings Per Share (EPS): Net income attributable to common shareholders grew from $134 million in Q4 2022 to $147 million in Q4 2024. Basic and diluted earnings per share increased correspondingly, evidencing improved profitability.
  • Revenue Mix: The company maintains a healthy balance between interest income (largely from loans and leases) and non-interest income, which has steadily contributed above $79 million in Q4 2022 and increased to over $111 million by Q4 2024.
  • Strong Deposit Growth: Total deposits have increased significantly over this period, with interest-bearing deposits growing from about $23.1 billion in Q3 2022 to over $32.7 billion by Q3 2024, providing Pinnacle with a strong funding base.
  • Loan Portfolio Expansion: Gross loans and leases increased from around $27.4 billion in Q3 2022 to approximately $34.3 billion by Q3 2024, supporting income growth and reflecting expanded lending activities.
  • Effective Expense Management: Despite increases in total non-interest expenses, Pinnacle has maintained a manageable expense base relative to revenue growth, supporting profitability.
  • Strong Cash Flow from Operations: Operating cash flows have generally been solid, reaching nearly $500 million in Q4 2024, showcasing healthy cash generation to fund operations and growth initiatives.
  • Provision for Credit Losses: The provision for credit losses fluctuated and increased to approximately $30 million in recent quarters, which may reflect cautious management of credit risk in a changing economic environment.
  • Debt Position: Long-term debt has gradually increased from roughly $1.3 billion in Q3 2022 to over $2.1 billion by Q3 2024, which could signify strategic borrowing for growth or capital management. Short-term debt levels have been relatively stable around $200 million.
  • Capital and Equity Levels: Total common equity rose steadily from about $5.1 billion in Q3 2022 to over $6.1 billion in Q3 2024, maintaining strong capitalization but the company's accumulated other comprehensive income (AOCI) has remained negative, impacting total equity metrics slightly.
  • Volatile Investment Securities Activity: The company’s cash flows from investing activities show significant fluctuations in the purchase and sale of investment securities, occasionally reflecting large cash outflows which might increase market risk exposure.
  • Dividend and Share Repurchase Impact: While Pinnacle consistently pays dividends (~$0.22/share) and occasionally repurchases shares, equity repurchase amounts vary and sometimes add to cash outflows, which could limit cash available for other strategic investments.

In summary, Pinnacle Financial Partners has demonstrated strong growth in loans, deposits, and net interest income, driving consistent profitability and EPS gains. The company’s balance sheet shows expansion and capitalization improvements, though some fluctuations in credit loss provisions and investing activities warrant monitoring. Overall, Pinnacle appears financially well-positioned to continue its growth trajectory.

08/13/25 03:22 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Pinnacle Financial Partners' Financials

When does Pinnacle Financial Partners' fiscal year end?

According to the most recent income statement we have on file, Pinnacle Financial Partners' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Pinnacle Financial Partners' net income changed over the last 9 years?

Pinnacle Financial Partners' net income appears to be on an upward trend, with a most recent value of $475.06 million in 2024, rising from $95.51 million in 2015. The previous period was $562.15 million in 2023.

How has Pinnacle Financial Partners' revenue changed over the last 9 years?

Over the last 9 years, Pinnacle Financial Partners' total revenue changed from $323.16 million in 2015 to $1.74 billion in 2024, a change of 437.4%.

How much debt does Pinnacle Financial Partners have?

Pinnacle Financial Partners' total liabilities were at $46.16 billion at the end of 2024, a 10.1% increase from 2023, and a 510.6% increase since 2015.

How much cash does Pinnacle Financial Partners have?

In the past 9 years, Pinnacle Financial Partners' cash and equivalents has ranged from $75.08 million in 2015 to $427.08 million in 2020, and is currently $320.32 million as of their latest financial filing in 2024.

How has Pinnacle Financial Partners' book value per share changed over the last 9 years?

Over the last 9 years, Pinnacle Financial Partners' book value per share changed from 28.29 in 2015 to 80.46 in 2024, a change of 184.4%.


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This page (NASDAQ:PNFPP) was last updated on 8/13/2025 by MarketBeat.com Staff
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