Quarterly ResultJul 22, 2026, 04:42 PM
Pinnacle Financial Q2 Diluted EPS $2.07, Adjusted EPS $2.50
AI Summary
Pinnacle Financial Partners, Inc. reported strong financial results for the second quarter of 2026, with diluted EPS of $2.07 and adjusted diluted EPS of $2.50. The company achieved significant linked-quarter growth in both loans, reaching $88.1 billion, and deposits, totaling $100.9 billion. Net income available to common shareholders increased substantially to $313 million, reflecting the positive impact of the merger with Synovus and continued talent acquisition efforts, with 74 new revenue producers added during the quarter. Credit quality remained robust, and the CET1 ratio improved.
Key Highlights
- Diluted earnings per share was $2.07, up from $0.89 in Q1 2026.
- Adjusted diluted earnings per share reached $2.50, up from $2.39 in Q1 2026.
- Net income available to common shareholders was $313 million, a 131% increase QoQ.
- Period-end loans grew 3% quarter-over-quarter to $88.1 billion.
- Period-end deposits increased 1% quarter-over-quarter to $100.9 billion.
- Net interest income rose 2% quarter-over-quarter to $956 million.
- Non-performing asset ratio improved to 0.50% from 0.58% in the prior quarter.
- Preliminary Common Equity Tier 1 (CET1) ratio was 9.93%, up from 9.81% QoQ.
Price Impact
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