Key Highlights

● Net income available to common shareholders was $313 million, or $2.07 per diluted share.

● Adjusted earnings were $379 million, or $2.50 per share, excluding merger-related items.

● The net interest margin was 3.44%, down from 3.53% in the first quarter.

● The preliminary common equity tier 1 ratio was 9.93%, below the 10.25% target.

Pinnacle Financial Partners, Inc. (NYSE:PNFP) trades on the New York Stock Exchange under the ticker PNFP, and its common stock and three series of preferred stock are listed there. The company in its present form dates from January 1, 2026, when legacy Pinnacle and Synovus Financial Corp. combined into a new holding company that took the Pinnacle name. Each Synovus share converted into 0.5237 shares of the new company, and each legacy Pinnacle share into one. The 10-Q shows total assets of $129.1 billion at June 30, 2026, against $57.7 billion at the end of 2025, so comparisons across the merger date reflect combination as well as organic growth.

The company announced in March 2026 that it joins the KBW Nasdaq Bank Index. The S&P 500 spans sectors whose earnings drivers differ sharply from those of a regional bank.

What the second-quarter figures show

Reported on July 22, 2026, second-quarter net income available to common shareholders was $313 million, or $2.07 per diluted share, compared with $2.00 a year earlier. On an adjusted basis, which excludes $51 million of merger-related expense, securities losses and other items, the figures were $379 million and $2.50 per share. Merger costs are likely to remain part of reported results until integration finishes.

Net interest income was $956 million and the net interest margin was 3.44%, down from 3.53% in the first quarter. Period-end loans reached $88.1 billion, up 3% on the quarter, while total deposits were $100.9 billion, up 1%. The company describes loan growth of about 14% annualized on an organic basis. Credit metrics in the release were steady: net charge-offs were 0.22% of average loans, nonperforming loans 0.47% of loans and the allowance 1.17% of loans, after a $63 million provision.

Guidance, capital and the dividend

Management guidance, unchanged from earlier in the year, points to 2026 period-end loans of $91.0 billion to $93.0 billion excluding the purchase-accounting mark, total deposits of $106.5 billion to $108.5 billion and adjusted revenue of $5.00 billion to $5.20 billion, trending towards $5.05 billion to $5.10 billion. Adjusted non-interest expense is guided at $2.675 billion to $2.775 billion, net charge-offs at 0.20% to 0.25% of average loans and year-end margin at 3.40% to 3.45%.

The preliminary common equity tier 1 ratio was 9.93%, below the company's stated 10.25% target, and management expects no share repurchases in 2026. The 10-Q records a common dividend of $0.50 per share for the second quarter and $1.00 for the first half. The cost-synergy program is $250 million, of which 40% is expected to be recognized in 2026, and the systems conversion is scheduled for the first quarter of 2027.

Integration Risk and the October 21 Report

The principal uncertainties are execution and margin. Purchase accounting remains preliminary, integration of two large banks carries operational risk until conversion, and the margin has narrowed even as balances grew. Credit costs could rise if the broader economy weakens materially, and capital sits below target while buybacks are paused. The company itself reports 94% revenue-producer retention, a management measure.

The next scheduled event is the third-quarter release, due after the market close on Wednesday, October 21, 2026, with a call at 8 a.m. Eastern time on Thursday, October 22.