Business UpdateJun 8, 2026, 04:37 PM
Pinnacle Financial Updates 2026 Outlook, Projects FY Revenue $5.05B-$5.10B
AI Summary
Pinnacle Financial Partners provided an update on its business and financial outlook for 2026, including projections for the second quarter. The company expects full-year adjusted revenue to trend towards $5.05B-$5.10B and period-end loans to reach the high end of its $91.0B-$93.0B range. Key activities include accelerating revenue producer hiring, progressing with merger integration, and executing liquidity actions like issuing $750 million in senior debt and selling $1.0B in municipal securities.
Key Highlights
- Issued $750 million of senior debt in May 2026 to support increased HQLA.
- Sold ~$1.0B of municipal securities, resulting in a -$31 million pre-tax loss.
- Hired 98 revenue producers YTD through May 31, 2026, forecasting 120-130 by 2Q26.
- Forecasts 2Q26 period-end loans of $88.1B-$88.7B and total deposits of $101.0B-$101.6B.
- Projects full-year 2026 adjusted revenue trending to $5.05B-$5.10B.
- Anticipates full-year 2026 period-end loans at the high end of $91.0B-$93.0B.
- Expects full-year 2026 adjusted non-interest expense in the lower half of $2.675B-$2.775B.
- No share repurchases are expected in 2026.
Price Impact
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