Post‑merger Pinnacle Financial (NYSE: PNFP) posts Q1 2026 growth, stable credit

Q: How did the Synovus merger impact PNFP’s first quarter 2026 results?

The merger with Synovus closed on January 1, 2026 , so Q1 2026 reflects the combined organization. Loans increased to $85.2 billion and deposits to $100.1 billion , while reported results were significantly affected by purchase accounting, merger-related expenses, and reclassified prior-period financials.

Q: What were Pinnacle Financial Partners’ key revenue and margin metrics in Q1 2026?

Net interest income reached $933 million , and total revenue was $1.217 billion . The net interest margin expanded to 3.53% , a 26 basis point linked‑quarter increase, mainly from purchase accounting accretion and fixed‑rate asset repricing across the enlarged balance sheet.

Q: How strong were PNFP’s loan and deposit balances at March 31, 2026?

Period-end loans were $85.2 billion and period-end deposits were $100.1 billion at March 31, 2026. Management highlighted substantial organic loan and deposit growth on a combined basis, alongside the larger balance sheet resulting from the Synovus merger completed January 1, 2026.

Q: What does PNFP’s Q1 2026 filing say about asset quality and credit costs?

Credit performance remained solid, with a 0.23% net charge-off ratio and a 0.58% non-performing asset ratio. The allowance for credit losses was $1.014 billion , or 1.19% of loans, and Q1 2026 provision for credit losses was $75.9 million , reflecting net growth and economic assumptions.

Q: What were Pinnacle Financial Partners’ capital ratios in Q1 2026?

The preliminary Common Equity Tier 1 (CET1) capital ratio was 9.83% at March 31, 2026. The Tier 1 capital ratio was 10.62% , the total risk-based capital ratio was 12.34% , and the tangible common equity ratio was 7.82% , based on unaudited balance sheet figures.

Q: How did PNFP’s non-interest revenues and expenses trend in Q1 2026?

Non-interest revenue totaled $284 million , or $282 million on an adjusted basis, driven by core banking, wealth management, capital markets and BHG-related income. Non-interest expense was $952 million , including $275 million of merger-related costs; adjusted non-interest expense was $677 million .

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Pinnacle Financial Partners, Inc. reported first quarter 2026 results that reflect its January 1 merger with Synovus. Net income available to common shareholders was $135 million, or $0.89 diluted EPS, versus $1.77 a year earlier. Excluding merger-related items and securities impacts, adjusted net income available to common shareholders was $363 million, or $2.39 diluted EPS, up from $1.90 in first quarter 2025.

Loans reached $85.2 billion and deposits $100.1 billion at March 31, 2026, with management highlighting strong organic loan and core deposit growth on a combined basis. Net interest income was $933 million and the net interest margin expanded to 3.53%, helped by purchase accounting accretion and fixed-rate asset repricing.

Non-interest revenue totaled $284 million, with adjusted non-interest revenue of $282 million driven by core banking, wealth management and capital markets fees plus income from the BHG equity investment. Credit quality remained solid, with a net charge-off ratio of 0.23%, a non-performing asset ratio of 0.58%, and an allowance for credit losses equal to 1.19% of loans. The preliminary Common Equity Tier 1 capital ratio was 9.83% at quarter-end.

Positive

Strong adjusted profitability and EPS growth: Adjusted net income available to common shareholders reached $363 million in Q1 2026, with adjusted diluted EPS of $2.39 versus $1.90 in Q1 2025, supported by higher revenue after the Synovus merger.
Robust scale and margin expansion: Loans grew to $85.2 billion and deposits to $100.1 billion at March 31, 2026, while net interest margin widened to 3.53%, aided by purchase accounting accretion and asset repricing.
Solid credit and capital profile: Net charge-offs were 0.23% of average loans, non-performing assets were 0.58%, the allowance for credit losses stood at 1.19% of loans, and the preliminary CET1 ratio was 9.83%.

Negative

GAAP earnings diluted by merger costs: Diluted EPS declined to $0.89 from $1.77 in Q1 2025 as Pinnacle incurred $275 million of merger-related expense, including equity acceleration, and non-interest expense rose to $952 million.
Higher non-performing balances post‑combination: Non-performing loans increased to $459 million and non-performing assets to $491 million, with management noting two senior housing relationships significantly affecting non‑performing levels.

Insights

First full quarter post‑merger shows strong adjusted earnings, rapid balance sheet growth and contained credit costs.

Pinnacle Financial Partners delivered its first quarter as a combined platform with Synovus. Adjusted net income available to common shareholders reached $363 million, and adjusted diluted EPS rose to $2.39, up from $1.90 in 1Q25. Net interest income more than doubled year over year to $933 million as loans and securities scaled materially.

On a combined basis, loans ended the quarter at $85.2 billion and deposits at $100.1 billion, with management citing substantial organic loan and core deposit growth alongside merger uplift. The net interest margin expanded to 3.53%, a 26 basis point linked‑quarter increase, primarily from purchase accounting accretion and fixed‑rate asset repricing rather than aggressive pricing.

Asset quality and capital remained within a healthy range. The net charge‑off ratio was 0.23%, the non‑performing asset ratio was 0.58%, and the allowance for credit losses equaled 1.19% of loans. The preliminary Common Equity Tier 1 ratio of 9.83% provides capacity to support the updated outlook, which targets 8–10% total deposit growth and 9–11% loan growth (excluding day‑one marks) for 2026.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income to common (Q1 2026): $135 million Diluted EPS (reported): $0.89 per share Adjusted diluted EPS: $2.39 per share +5 more

8 metrics

Net income to common (Q1 2026) $135 million Net income available to common shareholders for quarter ended March 31, 2026

Diluted EPS (reported) $0.89 per share Quarter ended March 31, 2026 vs $1.77 in Q1 2025

Adjusted diluted EPS $2.39 per share Excluding merger-related and securities items, Q1 2026 vs $1.90 in Q1 2025

Net interest income $933 million Quarter ended March 31, 2026

Net interest margin 3.53% Taxable-equivalent net interest margin in Q1 2026, up from 3.27% in Q4 2025

Loans outstanding $85.2 billion Period-end loans at March 31, 2026

Deposits outstanding $100.1 billion Period-end deposits at March 31, 2026

CET1 capital ratio 9.83% Preliminary Common Equity Tier 1 ratio at March 31, 2026

Key Terms

net interest margin, Common Equity Tier 1 (CET1) ratio, non-performing assets, allowance for credit losses, +2 more

6 terms

net interest margin financial

"On a linked-quarter basis, the net margin expanded 26 basis points to 3.53%, primarily as a result of purchase accounting accretion"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

Common Equity Tier 1 (CET1) ratio financial

"The preliminary Common Equity Tier 1 (CET1) ratio ended first quarter 2026 at 9.83%."

The common equity tier 1 (CET1) ratio is a measure of a bank’s financial strength, showing how much high-quality capital it has compared to its risk-weighted assets. Think of it as a safety buffer or cushion that helps ensure the bank can withstand financial stress. A higher CET1 ratio indicates a stronger position, which is important for investors because it signals greater stability and resilience.

non-performing assets financial

"Credit performance remained strong. The non-performing asset ratio was 0.58% at period-end."

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

allowance for credit losses financial

"The allowance for credit losses ratio (to loans) was 1.19%, while the allowance coverage of non-performing loans was 221% in first quarter 2026."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

purchase accounting accretion financial

"On a linked-quarter basis, the net margin expanded 26 basis points to 3.53%, primarily as a result of purchase accounting accretion and fixed-rate asset repricing."

Purchase accounting accretion describes how an acquisition’s required accounting adjustments change a company’s reported earnings per share after the deal. When the purchase price is reallocated to the acquired assets and liabilities, certain items (like tax effects, depreciation or amortization) are recorded differently, and those changes can make reported earnings per share rise over time — showing whether the transaction boosts or dilutes per-share results. Investors use it like checking whether two merged household budgets will increase the amount left over each month after relabeling expenses.

Earnings Snapshot

Total revenue: $1.217 billion · Guidance included

Q1 2026

Total revenue $1.217 billion +$755 million vs Q1 2025

Net income available to common shareholders $135 million -$1 million vs Q1 2025

Diluted EPS (reported) $0.89 -$0.88 vs Q1 2025

Adjusted diluted EPS $2.39 +$0.49 vs Q1 2025

Net interest income $933 million +$568 million vs Q1 2025

Guidance

For 2026, management targets 9–11% loan growth excluding day-one loan marks, 8–10% total deposit growth, a net interest margin around 3.50%, and an adjusted effective tax rate of 20–21% while aiming for a CET1 ratio between 10.25% and 10.75%.

Understanding 8-K Material Events →

04/22/2026 - 05:24 PM

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

April 22, 2026

Date of Report

(Date of Earliest Event Reported)

Pinnacle Financial Partners, Inc.

(Exact Name of Registrant as Specified in its Charter)


Georgia	001-43038	39-3738880
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3400 Overton Park Drive, Atlanta, Georgia 30339

(Address of principal executive offices) (Zip Code)

(706) 641-6500

(Registrant’s telephone number, including area code)

__________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $1.00 Par Value	PNFP	New York Stock Exchange
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A	PNFP - PrA	New York Stock Exchange
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B	PNFP - PrB	New York Stock Exchange
Depositary Shares, each representing 1/40 interest in a Share of 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock Series C	PNFP - PrC	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02			Results of Operations and Financial Condition

			On April 22, 2026, Pinnacle Financial Partners, Inc. (the "Company") issued a press release announcing the Company’s financial results for the three month period ended March 31, 2026.

			Pursuant to General Instruction F to Current Report on Form 8-K, the press release is attached to this Current Report as Exhibit 99.1 and only those portions of the press release related to the historical results of operations of the Company for the three month period ended March 31, 2026 are incorporated into this Item 2.02 by reference. The information contained in this Item 2.02, including the information set forth in the press release filed as Exhibit 99.1 to, and incorporated in, this Current Report is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in Exhibit 99.1 furnished pursuant to this Item 2.02 shall not be incorporated by reference into any registration statement or other documents pursuant to the Securities Act of 1933, as amended (the "Securities Act"), or into any filing or other document pursuant to the Exchange Act except as otherwise expressly stated in any such filing.



Item 7.01			Regulation FD Disclosure

			On April 22, 2026, the Company made available the slide presentation ("Slide Presentation") prepared for use with the press release. The investor call and webcast will be held at 8:30 a.m., ET, on April 23, 2026.

			The information contained in this Item 7.01 of this Current Report, including the information set forth in the Slide Presentation filed as Exhibit 99.2 to, and incorporated in, this Current Report, is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that Section. The information in Exhibit 99.2 furnished pursuant to this Item 7.01 shall not be incorporated by reference into any registration statement or other documents pursuant to the Securities Act or into any filing or other document pursuant to the Exchange Act except as otherwise expressly stated in any such filing.


Item 9.01	Financial Statements and Exhibits

	(d)	Exhibits

	Exhibit No.	Description

	99.1	Pinnacle press release dated April 22, 2026.

	99.2	Slide presentation prepared for use with the press release.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Pinnacle Financial Partners, Inc. has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			PINNACLE FINANCIAL PARTNERS, INC.

Date: April 22, 2026			By: /s/ Allan E. Kamensky
			Name: Allan E. Kamensky
			Title: Executive Vice President and Chief Legal Officer

Exhibit 99.1


Media Contact						Investor Contact
Joe Bass						Jennifer H. Demba, CFA
615-743-8219						Investor Relations
joe.bass@pnfp.com						investors.pnfp.com/events-presentations

Pinnacle Financial Partners announces earnings for first quarter 2026

Diluted earnings per share of $0.89 versus $1.77 in 1Q25

Adjusted diluted earnings per share of $2.39 versus $1.90 in 1Q25

First Quarter 2026 results significantly impacted by merger with Synovus Financial Corp. on January 1

ATLANTA, Ga., April 22, 2026 - Pinnacle Financial Partners, Inc. (NYSE: PNFP) today reported financial results for the quarter ended March 31, 2026. The merger of Pinnacle Financial Partners, Inc. and Synovus Financial Corp. closed on January 1, 2026. The combination creates one of the highest-performing regional banks in the country, positioned for industry-leading revenue, earnings per share and tangible book value growth by marrying Pinnacle’s proven growth model and Synovus’ deep talent and capabilities.

“We set out to scale with a soul, and our first quarter results prove that we’re doing it. We delivered strong loan and deposit growth, expanded revenue and hired 50 new revenue producers, while moving forward with 8,500 team members who never took their eye off the client. The merger was a catalyst for growth rather than a distraction. One quarter in, with much more to prove and deliver, we are confident in the talent, culture and momentum we are building together. The best is still ahead for Pinnacle,” said Pinnacle President and CEO Kevin Blair.

First Quarter 2026 Highlights

•The merger of Pinnacle Financial Partners, Inc. ("Pinnacle" or "legacy Pinnacle") and Synovus Financial Corp. ("Synovus") closed on January 1, 2026. Reported results for Pinnacle reflect the combined organization in first quarter 2026 and legacy Pinnacle in prior periods, unless stated otherwise. Linked-quarter and year-over-year comparisons are significantly impacted by the merger given the magnitude of the acquired balance sheet and the effect of purchase accounting. Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.

•Net income available to common shareholders was $134.7 million, or $0.89 per diluted share in first quarter 2026. Excluding merger-related expenses, investment securities gains and a valuation adjustment on certain derivatives, adjusted net income available to common shareholders was $362.7 million, or $2.39 per diluted share.

•Our hiring strategy remains very successful. Pinnacle added 50 experienced revenue producers during the first quarter, compared to 41 for the combined legacy Pinnacle and Synovus in fourth quarter 2025 and 45 for the combined legacy Pinnacle and Synovus in the year ago period.

•Period-end loans were $85.2 billion at March 31, 2026 while period-end deposits were $100.1 billion. Organic loan and deposit growth were substantial in the first quarter.

•Net interest income was $932.7 million in first quarter 2026. On a linked-quarter basis, the net margin expanded 26 basis points to 3.53%, primarily as a result of purchase accounting accretion and fixed-rate asset repricing.

•Non-interest revenue was $284.1 million in first quarter 2026. Excluding investment securities gains and a valuation adjustment on certain derivatives, adjusted non-interest revenue was $281.9 million. Year-over-year non-interest revenue growth from combined legacy Pinnacle-Synovus results was robust, largely attributable to increases in wealth management fees, loan sales and servicing fees and income from our equity method investment in BHG.

•Non-interest expense was $952.2 million in the first quarter 2026. Excluding merger-related expense, non-interest expense was $677.4 million in first quarter 2026. Merger-related expense in first quarter 2026 was $275.4 million, which included merger-related equity acceleration cost. On a combined basis, the non-merger-related linked-quarter increase was driven by higher employment expenses, largely due to seasonally higher personnel costs. The efficiency ratio was 77.4% in first quarter 2026, while the adjusted tangible efficiency ratio was 51.3%. Expense management was disciplined and the majority of the merger-related expense synergies that are expected in 2026 were realized in the first quarter.

•Credit performance remained strong. The non-performing asset ratio was 0.58% at period-end. Non-performing assets were impacted by two senior housing relationships that were previously rated, have a specific allowance and should be resolved this year. The first quarter 2026 net charge-off ratio was 0.23%, which was in line with expectations. Total past due loans were 0.14% of total loans outstanding.

•Provision for credit losses was $75.9 million in the first quarter. The allowance for credit losses ratio (to loans) was 1.19%, while the allowance coverage of non-performing loans was 221% in first quarter 2026. Impacting the allowance for credit losses during the quarter were net loan growth, a

deterioration in the economic forecast and an increase in individually analyzed loans, partially offset by a decline in qualitative reserves.

•The preliminary Common Equity Tier 1 (CET1) ratio ended first quarter 2026 at 9.83%.

First Quarter Summary


	Reported									Adjusted
(dollars in millions)	1Q26			4Q25			1Q25			1Q26			4Q25			1Q25
Net income available to common shareholders	$	135		$	166		$	136		$	363		$	173		$	146
Diluted earnings per share	0.89			2.13			1.77			2.39			2.24			1.90
Total revenue	1,217			541			462			1,229			562			488
Total loans	85,197			39,154			36,137			NA			NA			NA
Total deposits	100,103			47,401			44,482			NA			NA			NA
Return on avg assets(1)	0.50		%	1.19		%	1.08		%	1.26		%	1.24		%	1.16		%
Return on avg common equity(1)	3.96			9.76			8.80			10.65			10.20			9.40
Return on avg tangible common equity(1)	7.58			13.59			12.61			17.69			14.19			13.47
Net interest margin(2)	3.53			3.27			3.21			NA			NA			NA
Efficiency ratio-TE(2)(3)	77.4			54.0			58.0			51.3			52.3			56.2
NCO ratio-QTD	0.23			0.28			0.16			NA			NA			NA
NPA ratio	0.58			0.36			0.48			NA			NA			NA
CET1 ratio(4)	9.83			10.88			10.70			NA			NA			NA

(1) Annualized

(2) Taxable equivalent

(3) Adjusted tangible efficiency ratio

(4) Current period ratio preliminary

NA - not applicable

Balance Sheet


Loans*

(dollars in millions)	1Q26		4Q25		Linked Quarter Change		Linked Quarter % Change
Commercial & industrial	$	48,197	$	22,296	$	25,901	116	%
Commercial real estate	23,760		11,357		12,404		109
Consumer	13,240		5,501		7,739		141
Total loans	$	85,197	$	39,154	$	46,043	118	%

*Amounts may not total due to rounding and prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.


Deposits*

(dollars in millions)	1Q26		4Q25		Linked Quarter Change		Linked Quarter % Change		1Q25		Year/Year Change		Year/Year % Change
Non-interest-bearing DDA	$	20,388	$	9,051	$	11,338	125	%	$	8,510	$	11,878	140	%
Interest-bearing DDA	30,666		15,649		15,017		96		14,802		15,864		107
Money market	34,007		16,824		17,183		102		16,093		17,913		111
Savings	1,865		804		1,061		132		820		1,045		127
Time deposits	13,176		5,073		8,103		160		4,256		8,920		210

Total deposits	$	100,103	$	47,401	$	52,702	111	%	$	44,482	$	55,621	125	%

*Amounts may not total due to rounding and prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.


Income Statement Summary**

(in millions, except per share data)	1Q26		4Q25		Linked Quarter Change		Linked Quarter % Change		1Q25		Year/Year Change		Year/Year % Change
Net interest income	$	933	$	408	$	525	129	%	$	365	$	568	156	%
Non-interest revenue	284		133		151		114		97		187		193
Non-interest expense	952		301		651		216		275		677		246
Provision for (reversal of) credit losses	76		34		42		124		17		59		347
Income before taxes	$	189	$	206	$	(17)	(8)	%	$	170	$	19	11%
Income tax expense (benefit)	39		36		3		8		30		9		31
Net income	150		170		(20)		(12)		140		10		7


Less: Preferred stock dividends	15		4		11		275		4		11		275
Net income available to common shareholders	$	135	$	166	$	(31)	(19)	%	$	136	$	(1)	(1)%
Weighted average common shares outstanding, diluted	151		78		73		94	%	77		74		96	%
Diluted earnings per share	$	0.89	$	2.13	$	(1.24)	(58)		$	1.77	$	(0.88)	(50)
Adjusted diluted earnings per share	2.39		2.24		0.15		7		1.90		0.49		26
Effective tax rate	21%		17%						18%

** Amounts may not total due to rounding and prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.

NM - not meaningful

First Quarter 2026 Earnings Webcast and Conference Call

Pinnacle will host a conference call and webcast to discuss the first quarter 2026 earnings results with an accompanying slide presentation at 8 a.m. ET on April 23, 2026. Shareholders and other interested parties may listen to this conference call via simultaneous internet broadcast at investors.pnfp.com/events-presentations. Participants may also access the conference call at 888-506-0062 using the code 878834. The replay will be archived for at least 12 months and will be available approximately one hour after the call.

Pinnacle Financial Partners, Inc. (“Pinnacle”) is a $123 billion asset regional bank which provides a full range of banking, investment, trust, mortgage and insurance products and services for commercial and consumer clients who want a comprehensive relationship with their financial institution. The firm joined forces with Synovus on January 1, 2026, bringing together more than 160 years of combined banking service. Pinnacle is the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia. The firm is No. 1 in deposit market share in the Nashville MSA and No. 4 in the Atlanta MSA with offices in Tennessee, Georgia, Florida, North Carolina, South Carolina, Alabama, Kentucky, Virginia and Maryland (based on June 30, 2025 FDIC market share data).

Pinnacle is an employer of choice for financial services professionals. The firm is No. 12 in FORTUNE magazine’s 2026 list of 100 Best Companies to Work For® in the U.S., its tenth consecutive appearance. Pinnacle was also recognized by American Banker as No. 4 among America’s Best Banks to Work For in 2025, its 13th consecutive year on the list, and No. 1 among banks with more than $10 billion in assets.

Forward-Looking Statements

This press release and certain of our other filings with the Securities and Exchange Commission contain statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements through Pinnacle's use of words such as “believes,” “anticipates,” “expects,” “may,” “will,” “assumes,” “should,” “predicts,” “could,” “would,” “intends,” “targets,” “estimates,” “projects,” “plans,” “potential” and other similar words and expressions of the future or otherwise regarding the outlook for Pinnacle's future business and financial performance and/or the performance of the banking industry and economy in general. These forward-looking statements include, among others, our expectations regarding the anticipated benefits and risks related to the recently-completed business combination with Synovus Financial Corp., our future operating and financial performance; expectations on our intended strategies, initiatives, and other operational and execution goals; expectations on credit quality and performance; and the assumptions underlying our expectations. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Pinnacle to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Pinnacle's management and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Many of these factors are beyond Pinnacle's ability to control or predict.

These forward-looking statements are based upon information presently known to management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Pinnacle's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2025, under the captions “Cautionary Notice Regarding Forward-Looking Statements” and “Risk Factors” and in Pinnacle's quarterly reports on Form 10-Q, current reports on Form 8-K and other filings and reports filed with the Securities and Exchange Commission. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law.


PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

	CONDENSED CONSOLIDATED STATEMENTS OF INCOME – UNAUDITED
	INCOME STATEMENT DATA

		2026			2025		First Quarter

	(In millions, except per share data)	First Quarter			Fourth Quarter				First Quarter		'26 vs '25
								% Change

	Interest income	$	1,514		712				669		126	%
	Interest expense	581			304				304		91

	Net interest income	933			408				365		156
	Provision for (reversal of) credit losses	76			34				17		347

	Net interest income after provision for credit losses	857			374				348		146

	Non-interest revenue:
	Core banking fees	91			36				32		184
	Wealth management revenue	84			37				33		155
	Income from equity method investment	31			31				20		55
	Capital markets income	18			3				3		500
	Total loan sales and servicing	10			4				6		67
	Income from bank-owned life insurance	20			12				10		100
	Investment securities gains (losses), net	3			(4)				(13)		(123)
	Other non-interest revenue	27			14				6		350

	Total non-interest revenue	284			133				97		192

	Non-interest expense:
	Salaries and other personnel expense	396			181				172		130
	Net occupancy, equipment, and software expense	97			48				42		131

	Amortization of intangibles	48			1				1		nm
	FDIC insurance and other regulatory fees	23			2				11		109


	Merger-related expense	275			13				—		nm
	Other operating expenses	113			56				49		131

	Total non-interest expense	952			301				275		246

	Income before income taxes	189			206				170		11
	Income tax expense	39			36				30		31

	Net income	150			170				140		7




	Less: Preferred stock dividends	15			4				4		275

	Net income available to common shareholders	$	135		166				136		(1)	%

	Per share information:
	Net income per common share, basic	$	0.89		2.16				1.78		(50)	%

	Net income per common share, diluted	0.89			2.13				1.77		(50)

	Cash dividends declared per common share	0.50			0.24				0.24		108

	Return on average assets *	0.50		%	1.19	%			1.08	%	(58)	bps
	Return on average common equity *	3.96			9.76				8.80		(484)	bps

	Weighted average common shares outstanding, basic	151			77				77		96	%
	Weighted average common shares outstanding, diluted	151			78				77		96

	nm - not meaningful
	bps - basis points
	* - ratios are annualized
	Amounts may not total due to rounding and percentage changes are calculated using unrounded amounts and may differ from calculations based on rounded figures.
	Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.


PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES
	CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED

		March 31, 2026		December 31, 2025		March 31, 2025

	(In millions)

	ASSETS
	Cash and due from banks	$	609	$	359	$	346
	Federal funds sold, securities purchased under resale agreements, and interest earning deposits with banks	5,309		3,206		3,532

	Cash, cash equivalents, and restricted cash	5,918		3,565		3,878

	Investment securities held to maturity	2,539		2,591		2,769
	Investment securities available for sale	16,939		6,567		5,950
	Loans held for sale	251		97		155

	Loans, net of deferred fees and costs	85,197		39,154		36,137
	Allowance for loan losses	(942)		(442)		(417)
	Loans, net	84,255		38,712		35,720

	Cash surrender value of bank-owned life insurance	2,181		1,223		1,140
	Premises, equipment, and software, net	907		352		333
	Goodwill	3,478		1,849		1,849
	Core deposits and other intangible assets, net	1,091		30		20
	Other assets	5,207		2,720		2,440
	Total assets	$	122,766	$	57,706	$	54,254

	LIABILITIES AND EQUITY
	Liabilities:
	Deposits:
	Non-interest-bearing deposits	$	20,388	$	9,051	$	8,510
	Interest-bearing deposits	79,715		38,350		35,972

	Total deposits	100,103		47,401		44,482

	Federal funds purchased and securities sold under repurchase agreements	308		316		264

	FHLB advances and other borrowings	5,741		2,205		2,312
	Other liabilities	2,020		740		653
	Total liabilities	108,172		50,662		47,711

	Equity:
	Shareholders' equity:
	Preferred stock - no par value. Authorized 110 million shares at Mar 31, 2026 and 10 million shares at Dec 31, 2025 and Mar 31, 2025, respectively; 225,000 shares, liquidation preference $225 million, 22 million shares issued and outstanding at Mar 31, 2026, and 225,000 shares, liquidation preference $225 million, issued and outstanding at Dec 31, 2025 and Mar 31, 2025, respectively	781		217		217
	Common stock - $1.00 par value. Authorized 360 million shares at Mar 31, 2026 and 180 million shares authorized at Dec 31, 2025 and Mar 31, 2025, respectively; issued and outstanding 151 million, 78 million and, 78 million, respectively	151		78		78
	Additional paid-in capital	10,102		3,144		3,121

	Accumulated other comprehensive income (loss), net	(225)		(123)		(166)
	Retained earnings	3,785		3,728		3,294


	Total equity	14,594		7,044		6,543
	Total liabilities and equity	$	122,766	$	57,706	$	54,254

	Amounts may not total due to rounding prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.


PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
	First Quarter 2026						First Quarter 2025
(dollars in millions)	Average Balance		Interest		Yield/ Rate			Average Balance		Interest		Yield/ Rate
Assets




Loans, net of deferred fees and costs(1)(2)	$	83,691	$	1,267	6.14	%		$	36,042	$	556	6.24	%
Tax-exempt securities(2)(3)	3,344		33		3.99			3,247		30		3.76
Taxable securities(3)	15,644		171		4.37			5,433		62		4.62

Interest-earning deposits with banks	5,224		47		3.67			2,645		29		4.43
Federal funds sold and securities purchased under resale agreements	148		2		6.08			58		2		11.35


Other earning assets(4)	666		8		4.28			255		3		5.06
Total interest earning assets	108,717		1,528		5.70	%		47,680		682		5.79	%

Goodwill	3,583							1,849
Core deposits and other intangible assets, net	1,079							21
Other assets(5)	7,868							2,976
Total assets	$	121,247						$	52,526
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing demand deposits	$	30,004	$	186	2.51	%		$	14,136	$	112	3.21	%
Money market accounts	33,390		214		2.59			15,541		118		3.08
Savings deposits	1,824		2		0.40			804		1		0.45
Time deposits	13,662		119		3.53			4,331		43		4.01

Federal funds purchased and securities sold under repurchase agreements	344		1		1.45			231		1		1.78

FHLB advances and other borrowings	4,723		59		5.08			2,305		29		5.16
Total interest-bearing liabilities	83,947		581		2.81	%		37,348		304		3.30	%
Non-interest-bearing demand deposits	20,289							8,207
Other liabilities	2,424							455


Total equity	14,587							6,516
Total liabilities and equity	$	121,247						$	52,526
Net interest income and net interest margin, taxable equivalent (2)(6)			$	947	3.53	%				$	378	3.21	%
Less: taxable-equivalent adjustment			14							13
Net interest income			$	933						$	365

(1)Average loans are shown net of unearned income. NPLs are included. Interest income includes fees as follows: First Quarter 2026 — $15.2 million, and First Quarter 2025 — $9.5 million.

(2)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans and securities to a taxable-equivalent basis.

(3)Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

(4)Includes loans held for sale, trading account assets, and FHLB and Federal Reserve Bank Stock.

(5)As a result of the merger, during the first quarter 2026, certain immaterial changes were made to integrate the presentation of the legacy banks' yield on investment securities, which included presenting average unrealized losses on investment securities available for sale of $(97.9) million as a component of other assets.

(6)The net interest margin is calculated by dividing annualized net interest income-taxable equivalent (TE) by average total interest earning assets.

Amounts may not total due to rounding


PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES
LOANS OUTSTANDING BY TYPE
(Unaudited)	Total Loans		Total Loans		Linked Quarter
(Dollars in millions)

Loan Type	March 31, 2026		December 31, 2025		% Change
Commercial, Financial, and Agricultural	$	34,151	$	16,549	106	%
Owner-Occupied	14,046		5,747		144
Total Commercial & Industrial	48,197		22,296		116
Multi-Family	7,073		3,433		106
Hotels	2,554		573		345
Office Buildings	2,759		1,176		135
Shopping Centers	3,356		1,307		157
Warehouses	3,101		2,087		49
Other Investment Property	2,045		919		123
Total Investment Properties	20,888		9,496		120
1-4 Family Construction	769		524		47
1-4 Family Investment Mortgage	1,166		761		53
Total 1-4 Family Properties	1,935		1,284		51
Commercial Development	293		175		68
Residential Development	377		273		38
Land Acquisition	268		128		109
Land and Development	937		576		63
Total Commercial Real Estate	23,760		11,357		109
Consumer Mortgages	8,234		3,456		138
Home Equity	3,157		1,374		130
Credit Cards	227		53		329
Other Consumer Loans	1,622		619		162
Total Consumer	13,240		5,501		141
Total	$	85,197	$	39,154	118	%

NON-PERFORMING LOANS COMPOSITION
(Unaudited)	Total Non-performing Loans		Total Non-performing Loans		Linked Quarter
(Dollars in millions)

Loan Type	March 31, 2026		December 31, 2025		% Change
Commercial, Financial, and Agricultural	$	174	$	49	256	%
Owner-Occupied	74		6		nm
Total Commercial & Industrial	247		54		355
Multi-Family	35		34		2
Office Buildings	34		4		810
Shopping Centers	2		—		nm

Other Investment Property	50		10		412
Total Investment Properties	121		48		152
1-4 Family Construction	1		—		nm
1-4 Family Investment Mortgage	4		2		138
Total 1-4 Family Properties	5		2		139



Land and Development	—		—		nm
Total Commercial Real Estate	126		50		152
Consumer Mortgages	61		23		169
Home Equity	18		6		208
Other Consumer Loans	7		—		nm
Total Consumer	85		29		195
Total	$	459	$	133	244	%

nm - not meaningful

Amounts may not total due to rounding and percentage changes are calculated using unrounded amounts and may differ from calculations based on rounded figures.

Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.


PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

	CREDIT QUALITY DATA
	(Unaudited)
	(Dollars in millions)	2026			2025	First Quarter

		First			Fourth		First	'26 vs '25
		Quarter			Quarter		Quarter	% Change

	Non-performing Loans (NPLs)	$	459		133		171	168	%

	Other Real Estate and Other Assets	32			8		4	nm

	Non-performing Assets (NPAs)	491			141		175	181

	Allowance for Loan Losses (ALL)	942			442		417	126
	Reserve for Unfunded Commitments	72			16		12	500

	Allowance for Credit Losses (ACL)	1,014			458		430	136

	Net Charge-Offs - Quarter	49			27		14
	Net Charge-Offs - YTD	49			77		14
	Net Charge-Offs / Average Loans - Quarter (1)	0.23		%	0.28		0.16
	Net Charge-Offs / Average Loans - YTD (1)	0.23			0.21		0.16
	NPLs / Loans	0.54			0.34		0.47
	NPAs / Loans, ORE and specific other assets	0.58			0.36		0.48
	ACL/Loans	1.19			1.17		1.19
	ALL/Loans	1.11			1.13		1.16

	ACL/NPLs	221.03			343.19		250.59
	ALL/NPLs	205.21			331.09		243.32

	Past Due Loans over 90 days and Still Accruing	$	8		3		4	100
	As a Percentage of Loans Outstanding	0.01		%	0.01		0.01

	Total Past Due Loans and Still Accruing	$	117		57		52	125
	As a Percentage of Loans Outstanding	0.14		%	0.14		0.14

	(1) Ratio is annualized.
	Amounts may not total due to rounding and percentage changes are calculated using unrounded amounts and may differ from calculations based on rounded figures.

	SELECTED CAPITAL INFORMATION (1)
	(Unaudited)
	(Dollars in millions)
		March 31, 2026			December 31, 2025


	Common Equity Tier 1 Capital Ratio	9.83		%	10.88
	Tier 1 Capital Ratio	10.62			11.34
	Total Risk-Based Capital Ratio	12.34			12.97
	Tier 1 Leverage Ratio	8.93			9.57
	Total Shareholders' Equity as a Percentage of Total Assets	11.89			12.21
	Tangible Common Equity Ratio (2)	7.82			8.86
	Book Value Per Common Share (3)	$	91.42		87.90
	Tangible Book Value Per Common Share (4)	61.18			63.71

	(1) Current quarter regulatory capital information is preliminary.

	(2) See "Non-GAAP Financial Measures" for applicable reconciliation.

	(3) Book Value Per Common Share consists of Total Shareholders’ Equity less Preferred Stock divided by total common shares outstanding.
	(4) Tangible Book Value Per Common Share consists of Total Shareholders’ Equity less Preferred Stock and less the carrying value of goodwill and other intangible assets divided by total common shares outstanding.

Non-GAAP Financial Measures

The measures entitled adjusted non-interest revenue, non-interest expense; adjusted revenue taxable equivalent (TE); adjusted tangible efficiency ratio; adjusted pre-provision net revenue (PPNR); adjusted return on average assets; adjusted net income available to common shareholders; adjusted diluted earnings per share; adjusted return on average common equity; return on average tangible common equity; adjusted return on average tangible common equity; tangible common equity ratio; and tangible book value per common share are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The most comparable GAAP measures to these measures are total non-interest revenue; total non-interest expense; total revenue; efficiency ratio-TE; PPNR; return on average assets; net income available to common shareholders; diluted earnings per share; return on average common equity; the ratio of total shareholders' equity to total assets and book value per common share, respectively.

Management believes that these non-GAAP financial measures provide meaningful additional information about Pinnacle to assist management and investors in evaluating its operating results, financial strength, the performance of its business, and the strength of its capital position. However, these non-GAAP financial measures have inherent limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP. The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Adjusted non-interest revenue and adjusted revenue (TE) are measures used by management to evaluate non-interest revenue exclusive of net investment securities gains (losses), fair value adjustments on non-qualified deferred compensation and other items not indicative of ongoing operations that could impact period-to-period comparisons. Adjusted non-interest expense and the adjusted tangible efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. Adjusted net income available to common shareholders, adjusted net income per common share, diluted, adjusted return on average assets and adjusted return on average common equity are measures used by management to evaluate operating results exclusive of items that are not indicative of ongoing operations and impact period-to-period comparisons. Adjusted PPNR is used by management to evaluate PPNR exclusive of items that management believes are not indicative of ongoing operations and impact period-to-period comparisons. Return on average tangible common equity and adjusted return on average tangible common equity are measures used by management to compare Pinnacle's performance with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization, thereby allowing management to evaluate the performance of the business consistently. The tangible common equity ratio is used by stakeholders to assess our capital position. Tangible book value per common share is used by stakeholders to assess our financial stability and value. The computations of these measures are set forth in the tables below.


Reconciliation of Non-GAAP Financial Measures

(dollars in millions)	1Q26		4Q25		1Q25

Adjusted non-interest revenue
Total non-interest revenue	$	284	$	133	$	97
Investment securities (gains) losses, net	(3)		4		13



Fair value adjustment on non-qualified deferred compensation	1		—		—
Adjusted non-interest revenue	$	282	$	137	$	110

Adjusted non-interest expense
Total non-interest expense	$	952	$	301	$	275



Merger-related expense	(275)		(13)		—
FDIC Special Assessment	—		8		—

Valuation adjustment to Visa derivative	(1)		—		—
Fair value adjustment on non-qualified deferred compensation	1		—		—
Adjusted non-interest expense	$	677	$	296	$	275


Reconciliation of Non-GAAP Financial Measures, continued

(dollars in millions)	1Q26			4Q25			1Q25
Adjusted revenue (TE) and tangible efficiency ratio
Adjusted non-interest expense	$	677		$	296		$	275
Amortization of intangibles	(48)			(1)			(1)
Adjusted tangible non-interest expense	$	629		$	295		$	274

Net interest income	$	933		$	408		$	365
Tax equivalent adjustment	14			17			13
Net interest income (TE)	947			425			378

Net interest income	$	933		$	408		$	365
Total non-interest revenue	284			133			97
Total revenue	$	1,217		$	541		$	462
Tax equivalent adjustment	14			17			13
Total TE revenue	1,231			558			475


Investment securities losses (gains), net	(3)			4			13

Fair value adjustment on non-qualified deferred compensation	1			—			—
Adjusted revenue (TE)	$	1,229		$	562		$	488
Efficiency ratio-TE (1)	77.4		%	54.0		%	58.0		%
Adjusted tangible efficiency ratio (1)	51.3			52.3			56.2

Adjusted pre-provision net revenue
Net interest income	$	933		$	408		$	365
Total non-interest revenue	284			133			97
Total non-interest expense	(952)			(301)			(275)
Pre-provision net revenue (PPNR)	$	265		$	240		$	187

Adjusted revenue (TE)	$	1,229		$	562		$	488
Adjusted non-interest expense	(677)			(296)			(275)
Adjusted PPNR	$	551		$	267		$	212

(1) Amounts have been calculated using whole dollar values.
Amounts may not total due to rounding


Reconciliation of Non-GAAP Financial Measures, continued

(In millions, except per share data)	1Q26			4Q25			1Q25
Adjusted return on average assets (annualized)
Net income	$	150		$	170		$	140







Valuation adjustment to Visa derivative	1			—			—
Investment securities losses (gains), net	(3)			4			13
Merger-related expense (1)	275			13			—
FDIC Special Assessment	—			(8)			—
Tax effect of adjustments (2)	(45)			(2)			(3)
Adjusted net income	$	378		$	177		$	150
Net income annualized (3)	$	606		$	674		$	569
Adjusted net income annualized (3)	$	1,531		$	704		$	607
Total average assets	$	121,247		$	56,706		$	52,526
Return on average assets (annualized) (3)	0.50		%	1.19		%	1.08		%
Adjusted return on average assets (annualized) (3)	1.26			1.24			1.16




Adjusted net income available to common shareholders and adjusted diluted earnings per share
Net income available to common shareholders	$	135		$	166		$	136







Valuation adjustment to Visa derivative	1			—			—
Investment securities losses (gains), net	(3)			4			13
Merger-related expense (1)	275			13			—
FDIC Special Assessment	—			(8)			—
Tax effect of adjustments (2)	(45)			(2)			(3)
Adjusted net income available to common shareholders	$	363		$	173		$	146
Weighted average common shares outstanding, diluted	151			78			77
Diluted earnings per share (3)	$	0.89		$	2.13		$	1.77
Adjusted diluted earnings per share (3)	2.39			2.24			1.90
(1) A portion of this item was non-taxable.
(2) A blended tax rate of 16.4% was applied for 2026 which takes into consideration the deductibility and non-deductibility of certain merger-related expense items for tax purposes. For 2025 an assumed marginal tax rate of 25% was applied.
(3) Amounts have been calculated using whole dollar values.
Amounts may not total due to rounding


Reconciliation of Non-GAAP Financial Measures, continued

(dollars in millions)	1Q26			4Q25			1Q25
Adjusted return on average common equity, return on average tangible common equity, and adjusted return on average tangible common equity (annualized)
Net income available to common shareholders	$	135		$	166		$	136







Valuation adjustment to Visa derivative	1			—			—
Investment securities losses (gains), net	(3)			4			13
Merger-related expense (1)	275			13			—
FDIC Special Assessment	—			(8)			—
Tax effect of adjustments (2)	(45)			(2)			(3)
Adjusted net income available to common shareholders	$	363		$	173		$	146

Adjusted net income available to common shareholders annualized (3)	$	1,471		$	689		$	591
Amortization of intangibles, tax effected, annualized (2)(3)	147			4			4
Adjusted net income available to common shareholders excluding amortization of intangibles annualized (3)	$	1,618		$	693		$	595

Net income available to common shareholders annualized (3)	$	546		$	659		$	553
Amortization of intangibles, tax effected, annualized (2)(3)	147			4			4
Net income available to common shareholders excluding amortization of intangibles annualized (3)	$	693		$	663		$	557

Total average shareholders' equity less preferred stock	$	13,805		$	6,750		$	6,299
Average goodwill	(3,583)			(1,849)			(1,849)
Average other intangible assets, net	(1,079)			(24)			(21)
Total average tangible shareholders' equity less preferred stock	$	9,144		$	4,877		$	4,429
Return on average common equity (annualized) (3)	3.96		%	9.76		%	8.80		%
Adjusted return on average common equity (annualized) (3)	10.65			10.20			9.40
Return on average tangible common equity (annualized) (3)	7.58			13.59			12.61
Adjusted return on average tangible common equity (annualized) (3)	17.69			14.19			13.47


(1) A portion of this item was non-taxable.
(2) A blended tax rate of 16.4% was applied for 2026 which takes into consideration the deductibility and non-deductibility of certain merger-related expense items for tax purposes, with the exception of amortization of intangibles which applied an assumed 24% marginal rate. For 2025 an assumed marginal tax rate of 25% was applied.
(3) Amounts have been calculated using whole dollar values.
Amounts may not total due to rounding




(dollars in millions)	March 31, 2026			December 31, 2025			March 31, 2025

Tangible common equity ratio
Total assets	$	122,766		$	57,706		$	54,254
Goodwill	(3,478)			(1,849)			(1,849)
Core deposits and other intangible assets, net	(1,091)			(30)			(20)
Tangible assets	$	118,196		$	55,827		$	52,385

Total shareholders’ equity	$	14,594		$	7,044		$	6,543
Goodwill	(3,478)			(1,849)			(1,849)
Core deposits and other intangible assets, net	(1,091)			(30)			(20)
Preferred Stock, no par value	(781)			(217)			(217)
Tangible common equity	$	9,244		$	4,948		$	4,457
Total shareholders’ equity to total assets ratio (1)	11.89		%	12.21		%	12.06		%
Tangible common equity ratio (1)	7.82			8.86			8.51

Tangible common equity	$	9,244		$	4,948		$	4,457
Common shares outstanding	151			78			78
Book value per common share (1)	$	91.42		87.90			81.57
Tangible book value per common share (1)	$	61.18		$	63.71		$	57.47

(1) Amounts have been calculated using whole dollar values.
Amounts may not total due to rounding

Earnings Results First Quarter 2026 Exhibit 99.2

2 Forward-Looking Statements This slide presentation and certain of our other filings with the Securities and Exchange Commission contain statements that constitute "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward- looking statements. You can identify these forward-looking statements through Pinnacle’s use of words such as "believes," "anticipates," "expects," "may," "will," "assumes," "predicts," "could," "should," "would," "intends," "targets," "estimates," "projects," "plans," "potential" and other similar words and expressions of the future or otherwise regarding the outlook for Pinnacle's future business and financial performance and/or the performance of the banking industry and economy in general. These forward-looking statements include, among others, statements on our expectations related to (1) the anticipated benefits and risks related to the recently completed business combination transaction between Synovus Financial Corp., a Georgia corporation (“Synovus”) and Pinnacle Financial Partners, Inc., a Tennessee corporation (“Legacy Pinnacle”), including the risk that the cost savings and revenue synergies from the transaction may not be fully realized or may take longer than anticipated to be realized, the risk that the integration of Legacy Pinnacle’s and Synovus’ respective businesses and operations will be materially delayed or will be more costly or difficult than expected, including as a result of unexpected factors or events, and risks related to management and oversight of the expanded business and operations of the combined company; (2) loan growth and loan mix; (3) deposit growth and deposit mix; (4) net interest income and net interest margin; (5) revenue growth, including growth attributable to Pinnacle’s investment in Bankers Healthcare Group ("BHG"); (6) non-interest expense; (7) credit trends and key credit performance metrics; (8) our future operating and financial performance; (9) our strategy and initiatives for future revenue growth, balance sheet optimization, capital management, and expense management, including those statements related to our talent recruitment strategy and expected embedded growth from that strategy; (10) our effective tax rate; (11) our capital position; and (12) our assumptions underlying these expectations. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Pinnacle to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, management and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this presentation. Many of these factors are beyond Pinnacle's ability to control or predict. These forward-looking statements are based upon information presently known to Pinnacle's management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Pinnacle's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2025 under the captions "Cautionary Notice Regarding Forward-Looking Statements" and "Risk Factors" and in Pinnacle’s quarterly reports on Form 10-Q and current reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law.

3 Use of Non-GAAP Financial Measures This slide presentation contains certain non-GAAP financial measures determined by methods other than in accordance with generally accepted accounting principles. Such non-GAAP financial measures include the following: adjusted net income available to common shareholders; adjusted diluted earnings per share; adjusted return on average assets; return on average tangible common equity; adjusted return on average tangible common equity; adjusted non-interest revenue; adjusted total revenue taxable equivalent (TE); adjusted non-interest expense; adjusted tangible efficiency ratio; tangible common equity ratio; tangible book value per common share; and adjusted pre-provision net revenue (PPNR). The most comparable GAAP measures to these measures are net income available to common shareholders; diluted earnings per share; return on average assets; return on average common equity; total non-interest revenue; total revenue; total non-interest expense; efficiency ratio-TE; total shareholders' equity to total assets ratio; book value per common share; and PPNR, respectively. Management believes that these non-GAAP financial measures provide meaningful additional information about Pinnacle to assist management and investors in evaluating Pinnacle's operating results, financial strength, the performance of its business and the strength of its capital position. However, these non-GAAP financial measures have inherent limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP. The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Adjusted net income available to common shareholders, adjusted diluted earnings per share and adjusted return on average assets are measures used by management to evaluate operating results exclusive of items that are not indicative of ongoing operations and impact period-to-period comparisons. Return on average tangible common equity and adjusted return on average tangible common equity are measures used by management to compare Pinnacle's performance with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization, thereby allowing management to evaluate the performance of the business consistently. Adjusted non-interest revenue and adjusted total revenue TE are measures used by management to evaluate non-interest revenue and total revenue exclusive of net investment securities gains (losses), fair value adjustments on nonqualified deferred compensation, and other items not indicative of ongoing operations that could impact period-to-period comparisons. Adjusted non-interest expense and the adjusted tangible efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. The tangible common equity ratio is used by stakeholders to assess our capital position. Tangible book value per common share is used by stakeholders to assess our financial stability and value. Adjusted PPNR is used by management to evaluate PPNR exclusive of items that management believes are not indicative of ongoing operations and impact period-to-period comparisons. The computations of the non-GAAP financial measures used in this slide presentation are set forth in the appendix to this slide presentation. Management does not provide a reconciliation for forward-looking non-GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Pinnacle's control, or cannot be reasonably predicted. For the same reasons, Pinnacle's management is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. Merger-Related Notes • • The merger of legacy Pinnacle and Synovus closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed. • Prior periods' consolidated financial statements have been reclassified whenever necessary to conform to the current periods' presentation. • Fourth Quarter 2025 has been presented for the combined franchise in certain cases throughout this presentation and is indicated with a reference to "4Q25C" or "combined basis" where used. • As of March 31, 2026, preliminary remaining accretable purchase accounting loan marks are $694MM as shown in this slide presentation; this includes ~$2MM of residual legacy Pinnacle's BNC Bancorp-related acquisition loan marks.

4 Top TSR Win with PNFP footprint population projected to grow ~2x faster than national average(1) Pinnacle Financial Partners THE CLIENTS THE TEAM Win with THE SHAREHOLDERS Leads to Winning with Highly Successful Operating and Recruiting Model That Generates Top Quartile Revenue, EPS and TBV Growth Industry-Leading Client Service + = Regional Bank Employer of Choice Top NPS Top Engagement (1) S&P Capital IQ Pro Objective: Objective: Objective:

5 A Standout First Quarter as a Combined Company Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed. (1) Non-GAAP financial measure; see appendix for applicable reconciliation; (2) Linked quarter annualized growth compared to legacy PNFP and SNV combined company balances at December 31, 2025; (3) Core Deposits exclude non-ICS brokered deposits; (4) NCO Ratio is Net Charge-Offs/Average Loans and NPA Ratio is NPAs/ Loans, other loans held for sale, and ORE; (5) 1Q26 Capital ratios are preliminary; (6) Excludes purchase accounting loan mark 0.23% / 0.58% 1Q26 NCO Ratio(4) 1Q26 NPA Ratio(4) 9.83% / 9.60% 1Q26 CET1 Ratio(5) 1Q26 CET1 Incl. AOCI(5) +10% 1Q26 Annualized Period-End Loan Growth(2)(6) +8% 1Q26 Annualized Period-End Core Deposit Growth(2)(3) $0.89 1Q26 Diluted Earnings Per Share 1Q26 Adjusted Diluted Earnings Per Share(1) Solid Loan and Deposit Growth Sound Credit Quality and Capital $2.39 Strong Earnings Per Share

6 Revenue Producer Hiring Remains Consistent Post-Merger Revenue Producer Hires in First Quarter 2026 Note: 37 New Hires or Accepted Offers Since Quarter-End(1) Source: PNFP internal data; (1) Revenue producer hires/acceptances since April 1, 2026 were measured as of April 17 Nashville Business Journal

7 earned by legacy Synovus Source: 2026 Fortune 100 Best Companies to Work For®

8 Outstanding results in the midst of a pending merger Coalition Greenwich Recognition Remains Outstanding No. 1 No. 6 Legacy Pinnacle Synovus Source: Coalition Greenwich Voice of Client - 2025 U.S. Commercial Banking Study Both firms rank among the most awarded institutions out of more than 500 banks nationwide Net Promoter Score of 59 Net Promoter Score of 83 No. 1 NPS score in the Southeast

9 Adjusted Revenue, in Millions 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 $— $500 $1,000 $1,500 Diluted Adjusted EPS 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 $0.50 $1.00 $1.50 $2.00 $2.50 Tangible Book Value Per Share 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 $25 $30 $35 $40 $45 $50 $55 $60 $65 Book Value Per Common Share 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 $50 $55 $60 $65 $70 $75 $80 $85 $90 $95 Diluted Reported EPS 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 Reported Revenue, in Millions 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 $— $500 $1,000 $1,500 Our Focus is Unchanged Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; All CAGR information reflects 1Q22-4Q25 legacy Pinnacle results; (1) Non-GAAP financial measures; see appendix for applicable reconciliations (1)(1) (1) 1Q22-4Q25 Results Reflect Legacy Pinnacle, While 1Q26 Reflects the Combined Organization CAGR: 12% CAGR: 7% CAGR: 13% CAGR: 8% CAGR: 11% CAGR: 7%

10 Period-End Deposits, in Billions 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 4Q 25 C 1Q 26 $— $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 $110 NPAs/Loans + ORE 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 4Q 25 C 1Q 26 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% 0.90% 1.00% NCOs/Average Loans 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 4Q 25 C 1Q 26 —% 0.10% 0.20% 0.30% 0.40% 0.50% Common Equity Tier 1 Ratio 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 —% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 13.0% 14.0% Period-End Loans, in Billions 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 4Q 25 C 1Q 26 $— $10 $20 $30 $40 $50 $60 $70 $80 $90 Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; All CAGR information reflects 1Q22-4Q25 legacy Pinnacle results; (1) 4Q25C reflects combined legacy PNFP and SNV period-end loans, period-end deposits, revenue producer hires, NCOs/average loans and NPAs/loans + ORE for 4Q25 Our Focus is Unchanged (1) (1) CAGR: 13% CAGR: 10% 1Q22-4Q25 Results Reflect Legacy Pinnacle, While 4Q25C and 1Q26 Reflect the Combined Organization Revenue Producer Hires 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 4Q 25 C 1Q 26 10 20 30 40 50 60 70 (1) (1) (1)

11 Source: PNFP internal data and S&P Capital IQ Pro; Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; Peer group includes BOKF, CFG, FHN, FITB, FNB, KEY, MTB, PNC, RF, TFC, WAL, WTFC, and ZION; FITB and PNC excluded from Loan and Deposit growth due to recent acquisitions and PNFP loan and deposit growth are adjusted for merger impact; (1) Excludes purchase accounting loan mark; compared to combined 4Q25 Legacy PNFP and SNV period-end loans and period-end deposits; (2) Core Deposits exclude non-ICS brokered deposits Peer Comparison - First Quarter 2026 Metrics (1) (1) PNFP Generated Strong Growth with Prudent Pricing and Disciplined Credit Selection (2) Pinnacle loan and deposit growth adjusted for merger impact

Financial Performance

13 $83,781 $1,608 $356 $117 $(664) $85,197 4Q25C C&I CRE Consumer Accretable Loan Mark and Other 1Q26 Loans Period-End Organic Loan Growth Attribution(2)(5) ($ in millions) Period-End Loans ($ in millions)(2)(5) $83,781 $339 $301 $222 $220 $41 $478 $179 $302 $(664) $85,197 4Q25C Georgia Tennessee/ Kentucky Carolinas/ Virginia/DC South Florida/ Greater Florida Alabama/Florida Panhandle Asset-Backed Finance Corporate & Investment Banking Other Loans Accretable Loan Mark and Other 1Q26 (2) • On a combined basis, 1Q26 period-end loan growth(1) was $2B or 10% annualized • Growth was diverse across geographies, specialty lines and asset classes (3) (2) Geographies + $1.1B Specialties & Other + $959MM 10% Annualized Growth (4) (4) Note:The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; Amounts may not add up due to rounding; (1) Excludes purchase accounting loan mark; (2) 4Q25C reflects combined period-end loans for legacy PNFP and SNV in 4Q25; (3) Asset-Backed Finance includes Specialty Finance, Aircraft, Dealer and Equipment; (4) Loan Mark and Other inclusive of remaining accretable loan mark of $694MM at March 31, 2026 and $30MM unearned fees increase during 1Q26: (5) Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation. H i g h l i g h t s

14 $98,724 $136 $1,128 $421 $193 $(499) $100,103 4Q25C Non- Interest Bearing Interest- Bearing DDA MMA and Savings Time Non-Core Deposits 1Q26 Deposits Period-End Deposits ($ in millions)(3)(4) Note:The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; Amounts may not add up due to rounding; (1) Core Deposits exclude non-ICS brokered deposits; (2) See end notes for details on specialty businesses; (3) 4Q25C reflects combined deposits for legacy PNFP and SNV in 4Q25; (4) Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation (3) $89,674 $744 $680 $208 $187 $(69) $127 $91,552 4Q25C Tennessee/ Kentucky Carolinas/ Virginia/DC South Florida/ Greater Florida Alabama/ Florida Panhandle Georgia Other Core Deposits 1Q26 Period-End Organic Core Deposit Growth Attribution(1)(3)(4) ($ in millions) • On a combined basis, period-end deposit growth was $1.4B or 6% annualized, while core deposit growth(1) was $1.9B or 8% annualized • Broad based growth led by geographies and supported by specialty deposit lines(2) Core Deposit Growth(1) +$1.9B (3) H i g h l i g h t s

15 $365 $381 $398 $408 $933 3.21% 3.23% 3.26% 3.27% 3.53% Net Interest Income Net Interest Margin 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Income 3.27% 0.08% 3.35% 0.08% 0.09% 0.02% (0.01)% 3.53% 4Q25 Legacy PNFP NIM Balance Sheet Combined 4Q25C NIM Loan Mark Securities Mark 1Q Day Count Balance Sheet and Other 1Q26 NIM Net Interest Margin (NIM) Attribution(1) Net Interest Income and Net Interest Margin ($ in millions) Note:The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; Amounts may not add up due to rounding; (1) 4Q25C reflects combined NIM for legacy PNFP and SNV; attribution is based on estimates for attributed items with other inclusive of unattributed factors • Linked-quarter NIM expansion to 3.53% was largely attributable to rate-marks on loans and securities • Modest impact from shifts in balance sheet composition and deposit pricing (1) H i g h l i g h t s

16 1Q26 Core Banking Fees $91 Wealth Management Fees 84 Loan Sales and Servicing Fees 10 Capital Markets Income 18 Income from BHG Investment 31 BOLI 20 Investments Gains (Losses), Net 3 Other Non-Interest Revenue 27 Total Non-Interest Revenue $284 Investments (Gains) Losses, Net (3) Fair value adjustment on non-qualified deferred compensation 1 Adjusted Non-Interest Revenue(2) $282 Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; Amounts may not add up due to rounding; (1) Growth is compared to combined legacy PNFP and SNV results in prior periods; (2) Non-GAAP financial measures; see appendix for applicable reconciliations Non-Interest Revenue Full-Service Capabilities • On a combined basis, non-interest revenue rose over 30% YoY while adjusted non-interest revenue was flat QoQ and increased over 20% YoY(1)(2) • On a combined basis, there was strong growth in core banking, wealth management and capital markets fees YoY(1) • Seasonally strong Capital Markets quarter was led by arranger/syndication fees • BHG-related investment income was in line with expectations communicated in January and was up 52% YoY • Other Income was supported by income from equity investments as well as sponsorship fees Non-Interest Revenue ($ in millions) Treasury Management Capital Markets Wealth Management Commercial Card - Analysis - Merchant Services Swaps - Syndications - Debt Capital Markets - M&A Advisory - FX Hedging Private Wealth - Family Office - Brokerage - Trust H i g h l i g h t s

17 1Q26 Employment Expense $396 Occupancy, Equipment and Software Expense 97 Amortization of Intangibles 48 Merger-Related Expenses 275 FDIC insurance and other regulatory fees 23 Other Noninterest Expense 113 Total Noninterest Expense $952 Legacy PNFP Equity Acceleration Expense(2) (70) Other Merger-Related Expense(3) (206) Fair value adjustment on non-qualified deferred compensation 1 Adjusted Noninterest Expense(4) $677 Efficiency Ratio - TE 77 % Adjusted Tangible Efficiency Ratio(4) 51 % Headcount (FTE) 8,490 $100 $70 $91 $15 Merger Advisory- Related Fees Equity Acceleration Expense Other Employee-Related Costs All Other Costs • Employment expense was impacted by elevated seasonal cost and merit increases • Headcount is down 2% QoQ on a combined basis reflecting merger-related synergies(1) • PNFP-SNV merger-related charges incurred in 1Q26 were $275MM, inclusive of $70MM of equity acceleration costs(2) • Intangible expense was primarily associated with merger-related Core Deposit and Wealth intangibles • The majority of 2026 merger-related expense synergies were realized in the first quarter • The TE efficiency ratio was 77% compared to 54% for legacy PNFP in 4Q25, while the adjusted tangible efficiency ratio(4) was 51% compared to 52% for legacy PNFP in 4Q25 Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; Amounts may not add up due to rounding; (1) Growth is compared to combined legacy PNFP and SNV results in prior periods; (2) Associated with legacy PNFP single trigger equity awards; (3) Excludes expense associated with legacy Pinnacle equity acceleration; (4) Non-GAAP financial measures; see appendix for applicable reconciliations Non-Interest Expense 1Q26 Merger-Related Expense ($ in millions) Non-Interest Expense ($ in millions) H i g h l i g h t s

18 0.23% Legacy Pinnacle Synovus Pinnacle 1Q25 2Q25 3Q25 4Q25 1Q26 —% 0.20% 0.40% 0.58% Legacy Pinnacle Synovus Pinnacle 1Q25 2Q25 3Q25 4Q25 1Q26 —% 0.50% 1.00% • NCOs/Average Loans were 0.23% in 1Q26, in line with expectations • Quarter-over-quarter NPA increase was primarily attributable to 2 previously-rated senior housing relationships which have specific reserves and are expected to be resolved in 2026 Credit Quality NCOs/Average Loans(1)NPAs/Loans & ORE(1) Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; (1) 4Q25C reflects combined legacy PNFP and SNV Allowance for Credit Losses and Allowance for Credit Losses/Total Loans H i g h l i g h t s $987 $13 $(9) $14 $9 $— $1,014 4Q25C Economic Forecast Qualitative Net Growth Individual Other 1Q26 Allowance for Credit Losses(1) ($ in millions) (1) 4Q25C(1) ACL 1.18% 1Q26 ACL 1.19%

19 Capital 10.70% 10.74% 10.83% 10.88% 9.83% Common Equity Tier 1 Tier 1 Tier 2 1Q25 2Q25 3Q25 4Q25 1Q26 Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; Amounts may not add up due to rounding; (1) 1Q26 capital ratios are preliminary; (2) 4Q25C reflects a combined legacy PNFP and SNV CET1 Ratio (1) Capital Ratios at March 31, 2026(1)(1Q25-4Q25 ratios are for legacy PNFP only) Common Equity Tier 1 Ratio(1) 10.88% 0.21% 11.08% (1.08)% 0.38% (0.24)% (0.08)% (0.24)% 9.83% Beginning CET1 Ratio for Legacy PNFP (4Q25) Balance Sheet Combined 4Q25C CET1 Ratio Net Merger Considerations Net Income to Common (Adjusted) Adjusted Items Common Dividends RWA Ending CET1 Ratio (1Q26) (First Quarter 2026 CET1 Ratio Change) (1) • The CET1 Ratio(1) ended 1Q26 at 9.83%, in line with expectations after incorporating stronger loan growth • 10.25% CET1 target, with a continued priority of deploying capital to support organic growth (2) 11.21% 13.03% 11.23% 13.02% 11.30% 12.94% 11.34% 12.97% 10.62% 12.34% H i g h l i g h t s

20 CET1 Ratio Including AOCI Comparison Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; Peer capital ratios for CFG, FCNC.A, FITB, HBAN, KEY, MTB, and RF are as of March 31, 2026 unless otherwise noted; (1) PNFP 1Q26 capital ratio is preliminary Pro Forma Benefit from the Proposed Standardized Approach for Risk-Weighted Assets (RWA) Estimated CET1 Benefit: Approximately +0.6% Reduction in Mortgage RWA based on LTV stratification 8.8% 9.2% 9.3% 9.4% 9.6% 10.0% 10.3% 11.2% Peer 1 Peer 2 Peer 3 Peer 4 PNFP Peer 5 Peer 6 Peer 7 (1) Broad RWA benefit across C&I and CRE exposures Lesser capital impact from unfunded commitments RWA reductions across various other assets As of 12/31/25 As of 12/31/25

2026 Outlook

22 Notes Period-End Loans (Ex Loan Mark) Period-End Deposits Adjusted Revenue(1) Adjusted Non- Interest Expense(1) • Assumes NIM of ~3.50% in 2026; No rate cuts assumed for 2026 • Assumes 2026 adjusted non-interest revenue(1) of $1.10B - $1.15B • Assumes 2026 BHG investment revenue of $105MM - $115MM • Includes ~$185MM of estimated total intangible amortization in 2026 • Assumes 40% of $250MM net cost savings realized in 2026 • Adjusted NIE(1) is expected to be relatively flat from 1Q26 to 2Q26 2026 Outlook • Represents 9%-11% loan growth (excluding the Day 1 purchase accounting loan mark) $106.5B - $108.5B $5.00B - $5.20B $2.675B - $2.775B 20% - 21% Initial 2026 Outlook $91.0B - $93.0B • Represents 8%-10% total deposit growth NCOs/ Average Loans CET1 Ratio Target 0.20% - 0.25% • Assumes relatively stable economic environment Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; (1) Non-GAAP financial measure; see appendix for applicable reconciliation • Current bias towards lower half of range • ETR is based on earnings adjusted for merger-related costs Adjusted Effective Tax Rate • Focus on supporting CET1 to achieve low end of targeted range (10.25%) while achieving growth objectives Updated Outlook 10.25% - 10.75% N o Change to Prior G uidance

23 Revenue Producer Hiring Remains a Key Focus 230 217 250 275 Combined PNFP-SNV PNFP 2024A 2025A 2026E 2027E 225-250 250-275 Note: The PNFP-SNV merger closed on January 1, 2026; Source: PNFP internal data; (1) Revenue producer hires/acceptances since April 1, 2026 were measured as of April 17 45 41 50 50 Combined PNFP-SNV PNFP 1Q25 4Q25 1Q26 50 Hires Made in 1Q26 37 New Hires or Accepted Offers Since Quarter-End(1)

24 Our Banker Hiring Model is Highly Differentiated EXPERIENCED TALENT Revenue producers are highly seasoned and recruited directly by existing producers, ensuring cultural and performance alignment Target 10+ years of work experience Formerly worked or close association with a PNFP team member HIGHLY DISCIPLINED PROCESS Recruiting pipelines are reviewed and updated weekly Average recruiting cycle of ~2 years, reinforcing quality over speed ALIGNED INCENTIVES Firmwide performance-based incentives promote teamwork, engagement and consistently high productivity Rewards exceptional client service and retention

25 Revenue Synergy Progress Is Well Underway(1) Relationship Expansion Capital Markets Specialty Expertise Treasury Capabilities Opportunities Revenue Synergies Progress Revenue Producer Hiring ~$60 Million - $70 MillionHold Limits Swap Fees ~$20 Million - $30 Million Arranger Fees FX Hedging CIC Syndication Fees Debt Capital Markets M&A Advisory Equipment Financing ~$10 Million - $15 Million Auto Dealer Financing The Family Office Community Association Deposit Specialty Captive Insurance Deposit Specialty Legal Deposit Specialty Deposit Service Charges - Analysis ~$10 Million - $15 MillionCommercial Card / Merchant International Sales & Trade Revenue Note: Relationship Expansion, Capital Markets, Specialty Expertise and Treasury Capabilities Information reflects internal estimates; (1) PNFP-SNV merger-related revenue synergies expected to be realized over 2-3 years • Implemented Pinnacle recruiting process and routines within SNV markets • ~40% of geographic hires in 1Q26 were in legacy SNV markets • Implementing coverage and sales strategies across combined firm leveraging robust Capital Markets capabilities • Added corporate bankers focused on Capital Markets fee generation • Executed two multi-currency loan deals leveraging FX capabilities • Hiring and embedding specialty bankers to expand reach of capabilities across combined footprint • Meaningful cross-bank sales efforts underway • Early traction in asset-based lending verticals; $300MM+ of 1Q26 commitments • Platform decisions made and communicated • Geographic coverage models implemented across markets

Appendix

27 Updated Merger Impacts In-Line with Expectations Estimate at Announcement Estimate on January 21, 2026 Updated Acquisition Date Estimate Merger-Related NIE Synergies(1) $250MM No change No change Merger-Related NIE Synergies Timing(1) 50% in 2026, 75% in 2027, 100% in 2028 40% in 2026, 75% in 2027, 100% in 2028 40% in 2026, 75% in 2027, 100% in 2028 Non-Recurring Merger-Related Expense(2) $720MM No material change(2) No material change Operational Conversion Timing First Quarter 2027 March 2027 March 2027 CET1 Ratio at March 31, 2026 ~9.8% ~10.0% 9.8% Total Loan Mark / Yr1 PAA(3)(4)(5) ~$874MM / $159MM(4)(5) ~$800MM / $90MM- $110MM(4)(5) ~$675MM(8) / ~$90MM(4)(5) Securities Mark / Yr1 PAA(3) $946MM / $115MM $813MM/1Q26 repositioning captures market yields while eliminating 98% of securities-related PAA No material change Debt Mark / Yr1 PAA N/A N/A $43MM / $13MM Wealth Intangible / Yr1 Amortization(6) $197MM / $20MM No material change $262MM / $19MM Fixed Assets Write Up / Yr1 Incr. Depreciation $237MM / $16MM No material change $183MM / $5MM CDI / Yr1 Amortization(7) $1.023B / $186MM ~$825MM / ~$150MM $848MM / $160MM Time Deposit Mark / Yr1 PAA(3) $4MM / Full Accretion Year 1 No material change No material change Gross Credit Mark on SNV Loans(5) $483MM or 1.1% of SNV gross loans at 6/30/25 No material change No material change (Credit Mark = ALL at Closing) Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; (1) $250 MM of expense synergies are net of dyssynergies (e.g., LFI costs); synergy timing represents in-year savings for 2026, 2027 and 2028; (2) In addition to the $720MM of merger-related expense which should be recognized through 2027, ~$69.5MM of expense was recognized in 1Q26 associated with legacy PNFP single trigger equity awards; (3) PAA - Purchase Accounting Accretion; (4) Lower Year 1 accretion relative to the estimate at announcement is a result of a lower loan mark as well as a shift in the estimate of the mark to longer duration loans; actual PAA may vary from our estimate based on prepayment levels; (5) Total Year 1 PAA estimate includes ~$120MM of interest accretion offset by lower recognized loan fees (through NII) of ~$30MM, a result of the write-off of capitalized deferred loan fees in purchase accounting. There will be no credit PAA, as PNFP is electing the new accounting provision that does not require the historical double count; (6) Wealth Intangible amortization method - 14 years straight line: (7) CDI amortization method 10 years sum of the months digits; (8) Represents the non-credit loan mark on day 1

28 Period-End Loan and Deposit Growth Period-End Loans Period-End Deposits 1Q26 QoQ $ Change QoQ % 1Q26 QoQ $ Change QoQ % ($ In millions) Vs. Combined 4Q25(3) Vs. Combined 4Q25(3) Vs. Combined 4Q25(3) Vs. Combined 4Q25(3) Tennessee/Kentucky $17,118 $301 2% $26,043 $744 3% Carolinas/Virginia/Washington, DC $15,682 $222 1% $18,077 $680 4% Georgia $15,145 $339 2% $20,782 $(69) —% South Florida/Greater Florida $9,848 $220 2% $10,950 $208 2% Alabama/Florida Panhandle $5,789 $41 1% $8,159 $187 2% Total Geographies $63,583 $1,122 2% $84,011 $1,750 2% Specialty Lines of Business(1) $20,059 $987 5% $4,422 $43 1% Other(2) $2,250 $2 NM $11,670 $(415) NM Total (Excluding PAA)(4) $85,892 $2,111 3% $100,103 $1,378 1% Accretable Purchase Accounting Loan Mark $694 $694 NM $— $— NM Total $85,197 $1,417 2% $100,103 $1,378 1% Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; Amounts may not add up due to rounding; Comparison is to combined period-end loans and deposits for legacy PNFP and SNV; (1) See end notes for details on specialty businesses; (2) Other Inclusive of loan and deposit activity centrally managed outside of our lines of business; (3) Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation; (4) Excluding purchase accounting loan mark

29 Deposit Mix and Rate Overview 1Q26 Average Rate % of Total 4Q25C Average Rate (Estimated)(1) % of Total Non-interest Bearing -- 21% -- 21% Interest-Bearing Interest Bearing Demand 2.51% 30% 2.65% 30% Savings 0.40% 2% 0.36% 2% Money Market 2.59% 34% 2.72% 33% Time 3.53% 14% 3.55% 14% Total Interest-Bearing Deposits 2.68% 80% 2.79% 79% Total Deposits 2.13% 100% 2.20% 100% Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed Amounts may not add up due to rounding; (1) Comparison is to prior period combined rates for legacy PNFP and SNV in 4Q25

30 65% 35% Fixed-Rate Variable-Rate Earning Asset Composition (at March 31, 2026) 1Q26 Loan Portfolio Fixed-Rate/Variable-Rate Mix 12-Month Estimated Net Interest Income Sensitivity(1) Note: Amounts may not add up due to rounding; (1) NII sensitivity estimates reflect a static balance sheet; beta sensitivity estimates represent approximations, based on total deposit cost betas + 100 Bps +2.5% - 100 Bps -2.0% Parallel Rate Impact

31 Securities Portfolio (at March 31, 2026) $19.8B Portfolio Book Value ~3.1 Years Net Duration(2) Gross Duration 4.1 Years 87% AFS / Total Securities ~25% % Floating (FV) Including Fair Value hedges Note: Amounts may not add up due to rounding. (1) Est. Taxable Equivalent Yield, as of March 2026; (2) Net duration is inclusive of fair value hedges on AFS securities; (3) HQLA totals are based on market values for the relevant categories; (4) HQLA figures are for securities only Sector Allocation Other, 4% Focus on liquidity, earnings and rate risk management (3)(4) 4.20% Book Yield - TEY(1) Inclusive of AFS hedges

32 • Receive-fixed Cash Flow swaps against loans: $2.50B notional: • Average fixed rate of 3.28%, converting floating-rate loan exposure to fixed and locking in net interest margin for down rate protection. • Interest rate options: $8.25B notional (as of 4Q26): • Cash Flow Floors against floating rate loans • Cash Flow Collars against floating rate loans • Cash Flow Caps against indexed deposits Cash Flow Derivatives Portfolio Overview Strategy aims to protect margin & minimize capital volatility Actual Next 4 Quarters Strategy 1Q26 2Q26 3Q26 4Q26 1Q27 Receive-Fixed Swaps (CF) $2.50B $2.50B $2.50B $2.50B $2.50B Avg. Rate - RF CF Swaps 3.28% 3.28% 3.28% 3.28% 3.28% Actual Next 4 Quarters Strategy Apprx. Strike(1) 1Q26 2Q26 3Q26 4Q26 1Q27 Floors 2.70% $875M $875M $3.12B $3.12B $4.12B Collars 4.45%/6.85% $875M $875M $875M $875M $875M Caps 3.60% $1.00B $2.50B $3.75B $4.25B $4.25B CF Hedge Portfolio (Annual Avg.) ($ in millions) Note: Figures based on end-of-respective period; (1) Projected effective strikes as of 4Q26 H i g h l i g h t s

33 $4.7 $5.7 $9.1 $8.6 Debt/Borrowings Non-Core Deposits 4Q25C 1Q26 Notable Liquidity Sources ($ in billions) March 31, 2026 FRB Cash $5.1 FHLB Capacity $7.9 Unencumbered Securities $11.3 Discount Window Capacity $6.7 Total $30.9 Discount Window Capacity (Pending)(2) $8.4 Total $39.3 Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting adjustments are preliminary as of March 31, 2026 and are subject to change until the measurement period is closed; Amounts may not add up due to rounding; (1) 4Q25C reflects combined results for legacy PNFP and SNV in 4Q25; (2) Pledge of Synovus collateral in process in 2Q26, pending alignment of collateral filing process; (2) Inclusive of long-term debt, FHLB, and other borrowings; (3) Non-core deposits include non-ICS brokered deposits (1) Wholesale Funding ($ in billions)(1) Uninsured & Uncollateralized Deposits ($ in billions)(1) Funding and Liquidity Overview 11.5% 11.6% % of Total Assets (2) 51% 11% 38% Insured Collateralized Uninsured/Uncollateralized $100B Total Deposits (3)

34 Allowance for Credit Losses ($ in millions) $987 $13 $(9) $14 $9 $— $1,014 4Q25C Economic Forecast Qualitative Net Growth Individual Other 1Q26 4Q25C ACL/Loans: 1.17% 1.19% Economic Scenario Assumptions and Weightings Note: The PNFP-SNV merger closed on January 1, 2026 and all purchase accounting amounts are provisional as of March 31, 2026 and are subject to change until the measurement period is closed; Amounts may not total due to rounding; (1) Upside refers to Moody's March 2026 "S1" Upside 10th Percentile scenario; (2) Downside refers to Moody's March 2026 "S3" Downside 10th Percentile scenario; (3) Slow Growth refers to Moody's March 2026 "S5" Slow Growth; (4) Corresponds to Moody's March 2026 scenarios; (5) 4Q25C reflects combined legacy PNFP and SNV ACL and ACL/Loans 1Q26 Change from 2026(4) 2027(4) Scenario Model Weighting Previous Quarter GDP Unemployment GDP Unemployment Consensus Baseline 50% (5)% 2.6% 4.5% 2.0% 4.3% Upside(1) 10% —% 3.3% 3.9% 2.9% 3.6% Downside(2) 20% 15% 0.5% 6.5% (0.9)% 8.3% Slow Growth(3) 20% (10)% 2.3% 4.9% 0.9% 5.5% Weighted Average 2.2% 4.9% 1.3% 5.3% Legacy PNFP ACL/Loans: 1.18% (5)

35 Consumer Portfolio $13.2 billion CRE Portfolio $23.8 billion C&I Portfolio $48.2 billion 1Q26 Portfolio Characteristics C&I CRE Consumer NPL Ratio 0.51% 0.53% 0.65% QTD Net Charge-off Ratio (annualized) 0.35% 0.00% 0.23% 30+ Days Past Due Ratio 0.12% 0.03% 0.41% 90+ Days Past Due Ratio 0.01% 0.00% 0.02% Amounts may not add up due to rounding Loan Portfolio by Category 40% 16% 8% 8% 4% 3% 3% 2% 13% 2% C&I Non-Real Estate Related C&I Owner-Occupied Multi-Family Other CRE Retail Office Hotel Residential C&D & Land Consumer Real Estate Consumer Non-Real Estate Highly Diverse Loan Portfolio • C&I portfolio is well-diversified among multiple lines-of-business • Diverse C&I industry mix aligned with economic and demographic drivers • SNCs total $10.3 billion, ~6.3% of which is agented by PNFP • Leveraged loans total $4.7 billion • 88% are income-producing properties • Diversity among property types and geographies • 81% of NPL balance comprised of 3 credits (1 Senior Housing, 1 Office and 1 Multi-Family) • 86% of Consumer loans secured by real estate • Consumer portfolio credit quality remains healthy

36 10% 4% 4% 4% 3% 3% 3% 3% Finance/Insurance Senior Housing Accommodations & Food Services Lessors of Real Estate Healthcare and Social Assistance Retail Trade Manufacturing Wholesale Trade CREDIT INDICATOR 1Q26 NPL Ratio 0.51% Net Charge-off Ratio (annualized) 0.35% 30+ Days Past Due Ratio 0.12% 90+ Days Past Due Ratio 0.01% Largest C&I Industry Concentrations as a % of Total Loans at March 31, 2026 Amounts may not add up due to rounding; (1) Senior Housing is a subset of NAICS 62 Healthcare and Social Assistance and Lessors of Real Estate is a subset of NAICS 53 (1) (1) Commercial and Industrial Loan Portfolio

37 NDFI Loan Portfolio 1Q26 Credit Quality Metrics NDFI LOANS PRIVATE CREDIT LOANS NCOs/Average Loans 0.00% 0.00% NPLs/Total NDFI Loans 0.11% 0.00% Criticized & Classified/Total NDFI Loans 0.59% 0.00% Amounts may not add up due to rounding; (1) ~678MM of legacy PNFP loans collateralized by music royalty streams were reclassified as NDFI in 1Q26 to conform to consolidated reporting • Across all NDFI categories, NDFI loans were $7.3 billion or 9% of total loans(1) • Business Credit Intermediaries exposure of $3.6 billion, a subset of which is exposure to Private Credit totaling $1.7 billion. Exposure to semi-liquid BDCs and Interval Funds limited to $339 million or 0.40% of total loans • Most of our Private Credit exposure in our Structured Lending Division is to closed-end funds (matched assets and liabilities). $1.4bn of this exposure is in non-direct lending (i.e., alternative credit or asset-backed finance transactions) • Each facility is structured to an investment grade rating (either explicit or implicit) and always at the most senior position in the capital structure • Proven structures with conservative, dynamic advance rates, rigid covenants, concentration limits, and strict priority of payments • Assets verified and ring-fenced via bankruptcy remote SPVs (Structured Lending) • BDCs/Intervals have Minimum Asset Coverage Ratios (ACR) • Monthly borrowing base monitoring/reporting; quarterly independent third-party reviews (BDCs/Intervals), and internal portfolio reviews • Field exams, asset revaluation events triggered by factors unique to each facility, and “cash testing” for fraud S t r u c t u r a l l y P r o t e c t e d A c t i v e l y M o n i t o r e d NDFI Total Funded Loan Balances at March 31, 2026 7% 50% 7% 4% 32% Mortgage Credit Intermediaries Business Credit Intermediaries Consumer Credit Intermediaries Private Equity Funds Other Loans to NDFIs H i g h l i g h t s $7.3B

38 Commercial Real Estate Loan Portfolio CRE Concentrations as a % of Total Loans at March 31, 2026 INVESTMENT PROPERTIES LAND, DEVELOPMENT AND RESIDENTIAL PROPERTIES Portfolio Characteristics (as of March 31, 2026) Office Building Multi-Family Retail Hotels Other Investment Properties Warehouse/ Industrial Residential Properties(1) Development & Land Balance (in millions) $2,759 $7,073 $3,356 $2,554 $2,045 $3,101 $1,935 $937 Weighted Average LTV(2) 51.7% 48.1% 54.2% 50.2% 53.7% 49.6% NA NA NPL Ratio 1.24% 0.49% 0.05% 0.00% 2.45% — 0.25% 0.02% Net Charge-off Ratio (annualized) 0.00% 0.00% (0.01)% 0.00% (0.03)% 0.00% 0.04% (0.01)% 30+ Days Past Due Ratio 0.04% 0.01% 0.03% 0.00% 0.08% 0.00% 0.10% 0.01% 90+ Days Past Due Ratio 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% • Investment Properties portfolio represent 88% of total CRE portfolio ◦ The portfolio is well diversified among property types • 1Q26 CRE Credit Quality ◦ 0.53% NPL Ratio ◦ 0.00% Net Charge-Off Ratio (annualized) ◦ 0.03% 30+ Day Past Due Ratio ◦ 0.00% 90+ Day Past Due Ratio Amounts may not add up due to rounding; (1) Includes 1-4 Family Construction and 1-4 Family Perm/Mini-Perm (primarily rental homes); (2) LTV calculated by dividing the 3/31/26 commitment amount and any senior lien by the most recent appraisal (typically at origination) 8% 4% 4% 3% 3% 2% 1% 1% 1% Multi-Family Retail Warehouse/Industrial Office Hotels Other Investment Properties 1-4 Family Perm/Mini-Perm Land Acquisition & Dev 1-4 Family Construction

39 Credit Indicator 1Q26 NPL Ratio 0.65% Net Charge-off Ratio (annualized) 0.23% 30+ Days Past Due Ratio 0.41% 90+ Days Past Due Ratio 0.02% Consumer Concentrations as a % of Total Loans at March 31, 2026 10% 4% 1% 1% .3% Consumer Mortgages Home Equity Lines Third Party HFI Other Consumer Consumer Card Amounts may not add up due to rounding Consumer Credit Quality • 86% of Consumer portfolio is backed by residential real estate • Other Consumer includes secured and unsecured products • Third party HFI portfolio of $850 million Consumer Loan Portfolio

40 BHG Credit Quality Continues to Impress Sophisticated credit scoring models produce impressive resultsBHG Overview • BHG distinguishes itself by: • Targeting borrowers through direct mail and other sophisticated marketing techniques using a wide range of proprietary marketing tools • Underwriting applications through proprietary risk models, combining both credit and behavioral data points • A truly diversified funding strategy creates ample liquidity to support originations through: • Well developed ABS securitization platform with strong subscription history dating back to 2020 • Programmatic sponsorship via institutional whole loan sale relationships • Proprietary online auction platform encompassing over 1,700 unique banks historically BHG facilitates loans in as little as 3 days from application to funding Credit Statistics(1) Borrower FICO Score Mix 30-Day Delinquency %Annualized NCO % Source: BHG Internal Data; (1) Credit statistics based on BHG's managed portfolio, including both on and off balance sheet, across placement channels

41 BHG Overview 62% 38% 22% 25% 36% 42% 13% 26% 36% Community Bank Network Loan Sales Term Loan Financing/Securitizations 2024 2025 2026E • Private secured financing with asset managers and national banks • Well developed execution process via sponsored ABS securitizations • Historically robust subscription via BHG’s proprietary online auction platform, encompassing 1,700+ unique banks • Multiple institutional partnerships to acquire loans via the platform on a recurring basis • Purchases executed at premium pricing, reflecting strong demand and perceived credit quality Source: BHG Internal Data Loan Sales Community Bank Network Term Financing/Securitizations Lo an P la ce m en t Ch an ne ls Historical and Projected Funding Execution Loan Originations ($ in billions) $3.70 $6.10 $1.47 1Q Rest of Year 2024 2025 2026 $— $2.50 $5.00

42 End Notes • • Specialty Deposits include Health and Benefits, Community Associations, Government and Institutional, Multi-Family, Power, Production and Utilities, Title and Escrow, Education and Captive Insurance • Specialty Lending include Healthcare, Equipment, Aircraft, Auto Dealer, QSR/Franchise, Convenience and Gas, Captive Insurance, Renewable Energy Finance, Structured Lending, Asset Based Lending, Music, Sports and Entertainment, Legal, Specialty CRE, Financial Institutions, Technology, Media and Communications and Senior Housing

43 ($ in millions) 1Q26 4Q25 1Q25 Net income available to common shareholders $135 $166 $136 Subtract/add: Valuation adjustment to Visa derivative 1 — — Investment securities losses (gains), net (3) 4 13 Merger-related expense(1) 275 13 — FDIC Special Assessment — (8) — Tax effect of adjustments(2) (45) (2) (3) Adjusted net income available to common shareholders $363 $173 $146 Weighted average common shares outstanding, diluted 151 78 77 Net income per common share, diluted(3) $0.89 $2.13 $1.77 Adjusted net income per common share, diluted(3) $2.39 $2.24 $1.90 Amounts may not total due to rounding; (1) A portion of this item was non-taxable. (2) A blended tax rate of 16.4% was applied for 2026 which takes into consideration the deductibility and non-deductibility of certain merger-related expense items for tax purposes. For 2025 an assumed marginal tax rate of 25% was applied. (3) Amounts have been calculated using whole dollar values. Non-GAAP Financial Measures

44 ($ in millions) 1Q26 4Q25 1Q25 Net income $150 $170 $140 Valuation adjustment to Visa derivative 1 — — Investment securities (gains) losses, net (3) 4 13 Merger-related expense (1) 275 13 — FDIC special assessment — (8) — Tax effect of adjustments(2) (45) (2) (3) Adjusted net income $378 $177 $150 Net income annualized(3) $606 $674 $569 Adjusted net income annualized(3) $1,531 $704 $607 Total average assets $121,247 $56,706 $52,526 Return on average assets (annualized)(3) 0.50% 1.19% 1.08% Adjusted return on average assets (annualized)(3) 1.26% 1.24% 1.16% Non-GAAP Financial Measures, Continued Amounts may not total due to rounding; (1) A portion of this item was non-taxable. (2) A blended tax rate of 16.4% was applied for 2026 which takes into consideration the deductibility and non-deductibility of certain merger-related expense items for tax purposes. For 2025 an assumed marginal tax rate of 25% was applied. (3) Amounts have been calculated using whole dollar values.

45 Non-GAAP Financial Measures, Continued ($ in millions) 1Q26 4Q25 1Q25 Net income available to common shareholders $135 $166 $136 Valuation adjustment to Visa derivative 1 — — Investment securities (gains) losses, net (3) 4 13 Merger-related expense(1) 275 13 — FDIC special assessment — (8) — Tax effect of adjustments(2) (45) (2) (3) Adjusted net income available to common shareholders $363 $173 $146 Adjusted net income available to common shareholders annualized(3) $1,471 $689 $591 Amortization of intangibles, tax effected, annualized (2)(3) 147 4 4 Adjusted net income available to common shareholders excluding amortization of intangibles annualized (3) $1,618 $693 $595 Net income available to common shareholders annualized (3) $546 $659 $553 Amortization of intangibles, tax effected, annualized (2)(3) 147 4 4 Net income available to common shareholders excluding amortization of intangibles annualized (3) $693 $663 $557 Total average shareholders' equity less preferred stock $13,805 $6,750 $6,299 Average goodwill (3,583) (1,849) (1,849) Average other intangible assets, net (1,079) (24) (21) Total average tangible shareholders' equity less preferred stock $9,144 $4,877 $4,429 Return on average common equity (annualized)(3) 3.96% 9.76% 8.80% Adjusted return on average common equity (annualized)(3) 10.65 10.20 9.40 Return on average tangible common equity (annualized)(3) 7.58 13.59 12.61 Adjusted return on average tangible common equity (annualized)(3) 17.69 14.19 13.47 Amounts may not total due to rounding; (1) A portion of this item was non-taxable. (2) A blended tax rate of 16.4% was applied for 2026 which takes into consideration the deductibility and non-deductibility of certain merger-related expense items for tax purposes with the exception of amortization of intangibles which applied an assumed 24% marginal rate For 2025 an assumed marginal tax rate of 25% was applied. (3) Amounts have been calculated using whole dollar values.

46 Amounts may not total due to rounding. Non-GAAP Financial Measures, Continued ($ in millions) 1Q26 4Q25 1Q25 Total non-interest revenue $284 $133 $97 Investment securities (gains) losses, net (3) 4 13 Fair value adjustment on non-qualified deferred compensation 1 — — Adjusted non-interest revenue $282 $137 $110

47Amounts may not total due to rounding. (1) Amounts have been calculated using whole dollar values. Non-GAAP Financial Measures, Continued ($ in millions) 1Q26 4Q25 1Q25 Total non-interest expense $952 $301 $275 Merger-related expense (275) (13) — FDIC special assessment — 8 — Valuation adjustment to Visa derivative (1) — — Fair value adjustment on non-qualified deferred compensation 1 — — Adjusted non-interest expense $677 $296 $275 Adjusted non-interest expense $677 $296 $275 Net interest income 933 408 365 Taxable equivalent (TE) adjustment 14 17 13 Total non-interest revenue 284 133 97 Total TE revenue $1,231 $558 $475 Investment securities (gains) losses, net (3) 4 13 Fair value adjustment on non-qualified deferred compensation 1 — — Adjusted total revenue (TE) $1,229 $562 $488 Efficiency ratio-(TE)(1) 77.4% 54.0% 58.0% Adjusted tangible efficiency ratio(1) 51.3% 52.3% 56.2%

48Amounts may not total due to rounding. (1) Amounts have been calculated using whole dollar values. Non-GAAP Financial Measures, Continued ($ in millions) 1Q26 4Q25 1Q25 Total assets $122,766 $57,706 $54,254 Goodwill (3,478) (1,849) (1,849) Core deposits and other intangible assets, net (1,091) (30) (20) Tangible assets $118,196 $55,827 $52,385 Total shareholders’ equity $14,594 $7,044 $6,543 Goodwill (3,478) (1,849) (1,849) Core deposits and other intangible assets, net (1,091) (30) (20) Preferred Stock (781) (217) (217) Tangible common equity $9,244 $4,948 $4,457 Total shareholders’ equity to total assets ratio(1) 11.89% 12.21% 12.06% Tangible common equity ratio(1) 7.82% 8.86% 8.51% Tangible common equity $9,244 $4,948 $4,457 Common shares outstanding 151 78 78 Book value per common share(1) $91.42 $87.90 $81.57 Tangible book value per common share(1) $61.18 $63.71 $57.47

49 Reconciliation of Non-GAAP Financial Measures 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 2Q22 1Q22 Net income $ 135 $ 166 $ 169 $ 155 $ 137 $ 147 $ 143 $ 49 $ 120 $ 91 $ 129 $ 194 $ 133 $ 134 $ 145 $ 141 $ 125 Investment (gains) losses on sales of securities (3) 4 — — 12 — — 72 — — 9 10 — — — — — Valuation adjustment to Visa derivative 1 — — — — — — — — — — — — — — — — Gain on sale of fixed assets as a result of sale leaseback — — — — — — — — — — — (86) — — — — — ORE expense (income) — — — — — — — — — — — — — — — — — FDIC special assessment — (7) — — — — — — 7 29 — — — — — — — Loss on BOLI restructuring — — — — — — — — — 16 — — — — — Recognition of mortgage servicing asset — — — — — — — — (12) — — — — — — — — Fees related to terminating agreement to resell securities previously purchased and professional fees associated with capital optimization initiatives — — — — — — — 28 — — — — — — — — — Merger-related expenses 275 14 8 — — — — — — — — — — — — — — Tax effect on above noted adjustments (45) (3) (2) — (3) — — (25) 1 (7) (2) 19 — — — — — Net income excluding above noted adjustments $ 363 $ 174 $ 175 $ 155 $ 146 $ 147 $ 143 $ 124 $ 116 $ 129 $ 136 $ 137 $ 133 $ 134 $ 145 $ 141 $ 125 Diluted earnings per common share $ 0.89 $ 2.13 $ 2.19 $ 2.00 $ 1.77 $ 1.91 $ 1.86 $ 0.64 $ 1.57 $ 1.19 $ 1.69 $ 2.54 $ 1.76 $ 1.76 $ 1.91 $ 1.86 $ 1.65 Less: Investment (gains) losses on sales of securities (0.02) 0.05 — — 0.16 (0.01) — 0.94 — — 0.13 0.13 — — — — — Valuation adjustment to Visa derivative — Gain on sale of fixed assets as a result of sale leaseback — — — — — — — — — — — (1.13) — — — — — ORE expense (income) — — — — — — — — — — — — — — — — — FDIC special assessment — (0.10) — — — — — — 0.10 0.38 — — — — — — — Loss on BOLI restructuring — — — — — — — — — 0.21 — — — — — — — Recognition of mortgage servicing asset — — — — — — — — (0.15) — — — — — — — — Fees related to terminating agreement to resell securities previously purchased and professional fees associated with capital optimization initiatives — — — — — — — 0.37 — — — — — — — — — Merger-related expenses 1.82 0.18 0.10 — — — — — — — — — — — — — — Tax effect on above noted adjustments (0.30) (0.02) (0.02) — (0.04) — — (0.32) 0.01 (0.09) (0.03) 0.25 — — — — — Diluted earnings per common share excluding above noted $ 2.39 $ 2.24 $ 2.27 $ 2.00 $ 1.90 $ 1.90 $ 1.86 $ 1.63 $ 1.53 $ 1.68 $ 1.79 $ 1.80 $ 1.76 $ 1.76 $ 1.91 $ 1.86 $ 1.65 Net interest income $ 933 $ 407 $ 397 $ 380 $ 364 $ 364 $ 352 $ 332 $ 318 $ 317 $ 317 $ 315 $ 312 $ 319 $ 306 $ 265 $ 239 Total noninterest income 284 135 148 125 98 112 115 34 110 79 91 174 90 82 105 125 103 Total revenues 1,217 542 545 505 463 475 467 367 428 396 408 489 402 402 411 390 343 Less: Investment (gains) losses on sales of securities, net (3) 4 — — 12 — — 72 — — 9 10 — — — — — Gain on sale of fixed assets as a result of sale leaseback — — — — — — — — — — — (86) — — — — — Loss on BOLI restructuring — — — — — — — — — 7 — — — — — — — Recognition of mortgage servicing asset — — — — — — — — (12) — — — — — — — — Fair value adjustment on non-qualified deferred compensation 1 — — — — — — — — — — — — — — — — Total revenues, excluding above noted adjustments $ 1,215 $ 546 $ 545 $ 505 $ 475 $ 475 $ 467 $ 439 $ 416 $ 403 $ 417 $ 413 $ 402 $ 402 $ 411 $ 390 $ 343 Book value per common share $ 91.42 $ 87.90 $ 85.60 $ 82.79 $ 81.57 $ 80.46 $ 79.33 $ 77.15 $ 76.23 $ 75.80 $ 73.23 $ 73.32 $ 71.24 $ 69.35 $ 67.07 $ 66.74 $ 66.30 Adjustment due to goodwill, core deposit and other intangible $ (30.24) $ (24.19) $ (24.07) $ (24.09) $ (24.10) $ (24.22) $ (24.21) $ (24.23) $ (24.25) $ (24.42) $ (24.45) $ (24.47) $ (24.49) $ (24.61) $ (24.63) $ (24.66) $ (24.65) Tangible book value per common share $ 61.18 $ 63.71 $ 61.53 $ 58.70 $ 57.47 $ 56.24 $ 55.12 $ 52.92 $ 51.98 $ 51.38 $ 48.78 $ 48.85 $ 46.75 $ 44.74 $ 42.44 $ 42.08 $ 41.65

Source: View Original Filing on SEC EDGAR

FAQ

How did Pinnacle Financial Partners (PNFP) perform financially in Q1 2026?

Pinnacle reported net income available to common shareholders of $135 million, or $0.89 diluted EPS. On an adjusted basis, excluding merger-related and securities items, net income available to common shareholders was $363 million and adjusted diluted EPS was $2.39 for the quarter ended March 31, 2026.

How did the Synovus merger impact PNFP’s first quarter 2026 results?

The merger with Synovus closed on January 1, 2026, so Q1 2026 reflects the combined organization. Loans increased to $85.2 billion and deposits to $100.1 billion, while reported results were significantly affected by purchase accounting, merger-related expenses, and reclassified prior-period financials.

What were Pinnacle Financial Partners’ key revenue and margin metrics in Q1 2026?

Net interest income reached $933 million, and total revenue was $1.217 billion. The net interest margin expanded to 3.53%, a 26 basis point linked‑quarter increase, mainly from purchase accounting accretion and fixed‑rate asset repricing across the enlarged balance sheet.

How strong were PNFP’s loan and deposit balances at March 31, 2026?

Period-end loans were $85.2 billion and period-end deposits were $100.1 billion at March 31, 2026. Management highlighted substantial organic loan and deposit growth on a combined basis, alongside the larger balance sheet resulting from the Synovus merger completed January 1, 2026.

What does PNFP’s Q1 2026 filing say about asset quality and credit costs?

Credit performance remained solid, with a 0.23% net charge-off ratio and a 0.58% non-performing asset ratio. The allowance for credit losses was $1.014 billion, or 1.19% of loans, and Q1 2026 provision for credit losses was $75.9 million, reflecting net growth and economic assumptions.

What were Pinnacle Financial Partners’ capital ratios in Q1 2026?

The preliminary Common Equity Tier 1 (CET1) capital ratio was 9.83% at March 31, 2026. The Tier 1 capital ratio was 10.62%, the total risk-based capital ratio was 12.34%, and the tangible common equity ratio was 7.82%, based on unaudited balance sheet figures.

How did PNFP’s non-interest revenues and expenses trend in Q1 2026?

Non-interest revenue totaled $284 million, or $282 million on an adjusted basis, driven by core banking, wealth management, capital markets and BHG-related income. Non-interest expense was $952 million, including $275 million of merger-related costs; adjusted non-interest expense was $677 million.

Filing Exhibits & Attachments

6 documents

Post‑merger Pinnacle Financial (NYSE: PNFP) posts Q1 2026 growth, stable credit

Rhea-AI Filing Summary

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8-K Event Classification

Key Figures

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Earnings Snapshot

FAQ

How did Pinnacle Financial Partners (PNFP) perform financially in Q1 2026?

How did the Synovus merger impact PNFP’s first quarter 2026 results?

What were Pinnacle Financial Partners’ key revenue and margin metrics in Q1 2026?

How strong were PNFP’s loan and deposit balances at March 31, 2026?

What does PNFP’s Q1 2026 filing say about asset quality and credit costs?

What were Pinnacle Financial Partners’ capital ratios in Q1 2026?

How did PNFP’s non-interest revenues and expenses trend in Q1 2026?

Filing Exhibits & Attachments

Press Releases

Other Documents

Post‑merger Pinnacle Financial (NYSE: PNFP) posts Q1 2026 growth, stable credit

Rhea-AI Filing Summary

Positive

Negative

Insights

Banking sector equity analyst positive

8-K Event Classification

Key Figures

Key Terms

Earnings Snapshot

FAQ

How did Pinnacle Financial Partners (PNFP) perform financially in Q1 2026?

How did the Synovus merger impact PNFP’s first quarter 2026 results?

What were Pinnacle Financial Partners’ key revenue and margin metrics in Q1 2026?

How strong were PNFP’s loan and deposit balances at March 31, 2026?

What does PNFP’s Q1 2026 filing say about asset quality and credit costs?

What were Pinnacle Financial Partners’ capital ratios in Q1 2026?

How did PNFP’s non-interest revenues and expenses trend in Q1 2026?

Filing Exhibits & Attachments

Press Releases

Other Documents