Pinnacle Financial Partners, Inc. (PNFP) Financial Statements

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Pinnacle Financial Partners financial statements at a glance

Pinnacle Financial Partners reported revenue of $1.52 billion for fiscal year 2024 (ended December 31, 2024), up 10.0% from fiscal year 2023. Net income was $459.86 million, a net margin of 30.2%.

At the end of fiscal year 2024 it had total assets of $52.59 billion, total liabilities of $46.16 billion and shareholders' equity of $6.43 billion, with cash of $3.34 billion and total debt of $2.30 billion.

Its operations brought in $904.31 million of cash; capital spending was $97.02 million, leaving free cash flow of $807.29 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2024.

PNFP logo

Pinnacle Financial Partners, Inc.

PNFPUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
1.52B
Prev Year: 1.38B
YoY: +10.0%
Net Interest Income
1.37B
Prev Year: 1.26B
YoY: +8.2%
Interest Income
2.70B
Prev Year: 2.35B
YoY: +14.6%
Interest Income from Loans And Lease
2.22B
Prev Year: 1.95B
YoY: +13.9%
Interest Income from Loans
2.22B
Prev Year: 1.95B
YoY: +13.9%
Interest Income from Securities
318.44M
Prev Year: 237.93M
YoY: +33.8%
Interest Income from Federal Funds Sold and Securities Purchased Under Agreements to Resell
158.59M
Prev Year: 165.07M
YoY: -3.9%
Interest Expense
1.33B
Prev Year: 1.09B
YoY: +22.1%
Interest Expense on Deposits
1.20B
Prev Year: 983.12M
YoY: +22.4%
Interest Expense on Long-term Debt and Capital Securities
123.66M
Prev Year: 104.39M
YoY: +18.5%
Interest Expense for Federal Funds Sold and Securities Purchased Under Agreements to Resell
5.39M
Prev Year: 3.74M
YoY: +44.0%
Non Interest Income
155.67M
Prev Year: 121.27M
YoY: +28.4%
Total Premiums Earned
39.70M
Prev Year: 15.80M
YoY: +151.3%
Fees And Commissions
126.62M
Prev Year: 87.77M
YoY: +44.3%
Fees and Commission Income
259.58M
Prev Year: 219.57M
YoY: +18.2%
Service Charges on Deposit Accounts
226.36M
Prev Year: 192.88M
YoY: +17.4%
Trust Fees by Commissions
33.22M
Prev Year: 26.68M
YoY: +24.5%
Fee and Commission Expense
132.96M
Prev Year: 131.80M
YoY: +0.9%
Gain Losson Saleof Assets
-54.97M
Prev Year: -9.18M
YoY: -498.8%
Gain on Sale of Securities
-71.85M
Prev Year: -19.67M
YoY: -265.2%
Gain on Sale of Loans
16.88M
Prev Year: 10.49M
YoY: +60.9%
Other Noninterest Income
44.33M
Prev Year: 26.89M
YoY: +64.9%
Provision for Credit Losses
-120.59M
Prev Year: -93.60M
YoY: -28.8%
Non Interest Expense
902.01M
Prev Year: 755.97M
YoY: +19.3%
Occupancy And Equipment
166.00M
Prev Year: 138.98M
YoY: +19.4%
Professional and Contract Services Expense
11.19M
Prev Year: 10.89M
YoY: +2.8%
Selling General and Administrative
678.72M
Prev Year: 587.55M
YoY: +15.5%
General and Administrative Expense
652.05M
Prev Year: 563.64M
YoY: +15.7%
Salaries and Wages
621.03M
Prev Year: 531.83M
YoY: +16.8%
Other General and Administrative
31.02M
Prev Year: 31.81M
YoY: -2.5%
Selling and Marketing Expense
26.67M
Prev Year: 23.91M
YoY: +11.5%
Depreciation Amortization Depletion
6.25M
Prev Year: 7.09M
YoY: -11.8%
Depreciation and amortization
6.25M
Prev Year: 7.09M
YoY: -11.8%
Amortization
6.25M
Prev Year: 7.09M
YoY: -11.8%
Amortization of Intangibles
6.25M
Prev Year: 7.09M
YoY: -11.8%
Other Noninterest Expense
39.84M
Prev Year: 11.46M
YoY: +247.7%
Income from Associates and Other Participating Interests
80.28M
Prev Year: 94.13M
YoY: -14.7%
Special Income Charges
2.26M
Prev Year: 86.05M
YoY: -97.4%
Other Special Charges
-2.26M
Prev Year: -86.05M
YoY: +97.4%
Loss on Extinguishment of Debt
-
Restructuring and Mergers Acquisition
-
Pre-tax Income
581.21M
Prev Year: 714.01M
YoY: -18.6%
Provision for Income Taxes
106.15M
Prev Year: 151.85M
YoY: -30.1%
Net Income Common Stockholders
459.86M
Prev Year: 546.96M
YoY: -15.9%
Net Income
475.06M
Prev Year: 562.15M
YoY: -15.5%
Net Income Including Non-Controlling Interests
475.06M
Prev Year: 562.15M
YoY: -15.5%
Net Income from Continuing Operations
475.06M
Prev Year: 562.15M
YoY: -15.5%
Preferred Stock Dividends
15.19M
Prev Year: 15.19M
YoY: 0.0%
Diluted NI Available to Com Stockholders
459.86M
Prev Year: 546.96M
YoY: -15.9%
Interest Income After Provision for Loan Loss
1.25B
Prev Year: 1.17B
YoY: +6.5%
Net Income from Continuing and Discontinued Operation
475.06M
Prev Year: 562.15M
YoY: -15.5%
Normalized Income
473.21M
Prev Year: 494.43M
YoY: -4.3%
Total Money Market Investments
158.59M
Prev Year: 165.07M
YoY: -3.9%
Reconciled Depreciation
98.58M
Prev Year: 78.70M
YoY: +25.3%
Net Income from Continuing Operation Net Minority Interest
475.06M
Prev Year: 562.15M
YoY: -15.5%
Total Unusual Items Excluding Goodwill
2.26M
Prev Year: 86.05M
YoY: -97.4%
Total Unusual Items
2.26M
Prev Year: 86.05M
YoY: -97.4%
Tax Effect of Unusual Items
413.2K
Prev Year: 18.33M
YoY: -97.7%
Values in USD

Pinnacle Financial Partners key figures by fiscal year

FY2024FY2023FY2022FY2021FY2020
Revenue$1.5B$1.4B$1.3B$1.1B$999.9M
Net income$459.9M$547.0M$545.6M$512.1M$304.7M
Total assets$52.6B$48.0B$42.0B$38.5B$34.9B
Total liabilities$46.2B$41.9B$36.5B$33.2B$30.0B
Shareholders' equity$6.4B$6.0B$5.5B$5.3B$4.9B
Cash$3.3B$2.1B$1.1B$4.0B$3.7B
Total debt$2.3B$2.6B$888.5M$1.3B$1.8B
Operating cash flow$904.3M$478.4M$604.9M$657.4M$426.8M
Capital spending$97.0M$78.3M$64.3M$23.2M$39.8M
Free cash flow$807.3M$400.1M$540.6M$634.3M$387.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2013.

Questions and answers

What was Pinnacle Financial Partners's revenue in fiscal year 2024?

$1.52 billion, up 10.0% from $1.38 billion in fiscal year 2023.

How much profit does Pinnacle Financial Partners make?

Pinnacle Financial Partners reported net income of $459.86 million for fiscal year 2024 (30.2% of revenue).

How much cash and debt does Pinnacle Financial Partners have?

At the end of fiscal year 2024: cash of $3.34 billion and total debt of $2.30 billion.

What is Pinnacle Financial Partners's free cash flow?

$807.29 million in fiscal year 2024 (operating cash flow of $904.31 million minus capital spending of $97.02 million).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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