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Investor Call QUARTER 2025OCTOBER 16, 2025 Time: 8:30 AM CT Webcast: www.pnfp.com (investor relations) M. TERRY TURNER, PRESIDENT AND CEO HAROLD R. CARPENTER, EVP AND CFO 1
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Forward Looking Statements All statements, other than statements of historical fact, included in this presentation, are forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "expect," "aim," "anticipate," "intend," "may," "should," "plan," "looking for," "believe," "seek," "estimate" and similar expressions are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from the statemen ts, including, but not limited to: (i) deterioration in the financial condition of borrowers of Pinnacle Bank and its subsidiaries or BHG, including as a result o f persistent elevated interest rates, the negative impact of inflationary pressures and challenging economic conditions on our and BHG's customers and their businesses, resulting in significant increases in loan losses and provisions for those losses and, in the case of BHG, substitutions; (ii) fluctuations or differences in interest rates on loans or deposits from those that Pinnacle Financial is modeling or anticipating, including as a result of Pinnacle Bank's inability to better match deposit rates with the changes in the short-term rate environment, or that affect the yield curve; (iii) the impact of U.S. and global economic conditions, trade policies and tensions, including changes in, or the imposition of, tariffs and/or trade barriers and the economic impac ts, volatility and uncertainty resulting therefrom, and geopolitical instability; (iv) the sale of investment securities in a los s position before their value recovers, including as a result of asset liability management strategies or in response to liquidity needs; (v) adverse conditions in the national or local economies including in Pinnacle Financial's markets throughout the Southeast region of the United States, particularly in commercial and residential real estate markets; (vi) the inability of Pinnacle Financial, or entities in which it has significant investments, like BHG, to maintain the long-term historical growth rate of its, or such entities', loan portfolio; (vii) the ability to grow and retain low-cost core deposits and retain large, uninsured deposits, including during times when Pinnacle Ban k is seeking to limit the rates it pays on deposits or uncertainty exists in the financial services sector; (viii) risks asso ciated with a prolonged shutdown of the United States federal government, including adverse effects on the national or local economies and adverse ef fects resulting from a shutdown of the U.S. Small Business Administration's SBA loan program; (ix) a merger or acquisition, like Pinnacle Financial's proposed merger with Synovus Financial Corp. (“Synovus”); (x) changes in loan underwriting, credit review or loss reserve pol icies associated with economic conditions, examination conclusions, or regulatory developments; (xi) effectiveness of Pinnacle Financial's asset management activities in improving, resolving or liquidating lower-quality assets; (xii) the impact of competition with other financial institutions, including pricing pressures and the resulting impact on Pinnacle Financial’s results, including as a result of the negative impact to net interest margin from elevated deposit and other funding costs; (xiii) the results of regulatory examinations of Pinnacle Financial, Pinnacle Bank or BHG, or companies with whom they do business; (xiv) BHG's ability to profitably grow its business and successfully execute on its business plans; (xv) risks of expansion into new geographic or product markets; (xvi ) the risk that the cost savings and synergies from Pinnacle Financial’s proposed merger with Synovus may not be fully realized or may take longer than anticipated to be realized; (xvii) disruption to Synovus’ business and to Pinnacle Financial’s business as a result of the announcement and pendency of the proposed merger; (xviii) the risk that the integration of Pinnac le Financial’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; (xix) the failure to obtain the necessary approvals of the proposed merger by the shareholders of Synovus or Pinnacle Financial; (xx) the amount of the costs, fees, expenses and charges related to the proposed merger; (xxi) the ability by each of Synovus and Pinnacle Financial to obtain required governmental approvals of the proposed transaction on the timeline expected, or at all, and the risk that such approvals may result in the imposition of conditions that could adversely affect the combin ed company after the closing of the proposed transaction or adversely affect the expected benefits of the proposed transaction; (xxii) reputational risk and the reaction of Pinnacle Financial’s and Synovus’ customers, suppliers, employees or other business partners to the proposed merger; (xxiii) the failure of the cl osing conditions in the merger agreement related to the proposed merger to be satisfied, or any unexpected delay in closing the proposed merger or the occurrence of any event, change or other circumstanc es that could give rise to the termination of the merger agreement; (xxiv) the dilution caused by the issuance of shares of the common stock of the company resulting from the proposed merger of Pinnacle Financial and Synovus; (xxv) the possibility that the proposed merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xxvi) risks related to management and oversight of the expanded business and operations of the combined company following the closing of the propose d merger; (xxvii) the possibility the combined company resulting from the proposed merger is subject to additional regulatory requirements as a result of the proposed merger or expansion of the resulting company’s business operations following the pro posed merger; (xxviii) the outcome of any legal or regulatory proceedings or governmental inquiries or investigations that may b e currently pending or later instituted against Synovus, Pinnacle Financial or the combined company resulting from the proposed merger; ( xxix) general competitive, economic, political and market conditions and other factors that may affect future results of Synovus and Pinnacle Financial including changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the i mpact, extent and timing of technological changes; and capital management activities; (xxx) any matter that would cause Pinnacle Financial to conclude that there was impairment of any asset, including goodwill or other intangible assets; (xxxi) the ineffectiveness of Pinnacle Bank's hedging strategies, or the unexpected counterparty failure or hedge failure of the underlying hedges; (xxxii) reduced ability to attract additional financial advisors (or failure of such advisors to cause their clients to switch to Pinnacle Bank) , to retain financial advisors (including as a result of the competitive environment for associates) or otherwise to attract customers from other f inancial institutions; (xxxiii) deterioration in the valuation of other real estate owned and increased expenses associated ther ewith; (xxxiv) inability to comply with regulatory capital requirements, including those resulting from changes to capital calculation methodologies, required capital maintenance levels or regulatory requests or directives, particularly if Pinnacle Bank's level of applicable commercial real estate loans were to exceed percentage levels of total capital in guidelines recommended by its regulators; (xxxv) appro val of the declaration of any dividend by Pinnacle Financial's board of directors; (xxxvi) the vulnerability of Pinnacle Bank's network and online banking portals, and the systems of parties with whom Pinnacle Bank contracts, to unauthorized access, computer viruses, phis hing schemes, spam or ransomware attacks, human error, natural disasters, power loss and other security breaches; (xxxvii) the p ossibility of increased compliance and operational costs as a result of increased regulatory oversight (including by the Consumer Financ ial Protection Bureau), including oversight of companies in which Pinnacle Financial or Pinnacle Bank have significant investment s, like BHG, and the development of additional banking products for Pinnacle Bank's corporate and consumer clients; (xxxviii) Pinnacle Financial's ability to identify potential candidates for, consummate, and achieve synergies from, potential future acquisitions; (xxxix) difficulties and delays in integrating acquired businesses or fully realizing costs savings and other benefits from acquisitions; (xl) the risks associated with Pinnacle Bank being a minority investor in BHG, including the risk that the owners of a majority of the e quity interests in BHG decide to sell the company or all or a portion of their ownership interests in BHG (triggering a similar sale by Pinnacle Bank); (xli) changes in or interpretations of state and federal legislation, regulations or policies applicable to banks and ot her financial service providers, like BHG, including regulatory or legislative developments; (xlii) fluctuations in the valuations of Pinnacle Financial's equity investments and the ultimate success of such investments; (xliii) the availability of and access to capital; (xliv) ad verse results (including costs, fines, reputational harm, inability to obtain necessary approvals and/or other negative effects) from curre nt or future litigation, regulatory examinations or other legal and/or regulatory actions involving Pinnacle Financial, Pinnacle Bank or BHG; and (xlv) general competitive, economic, political and market conditions. Additional factors which could affect the forward looki ng statements can be found in Pinnacle Financial's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC and available on the SEC's website at http://www.sec.gov. Pinnacle Financial disclaims any obligation to update or revise any forward -looking statements contained in this presentation, which speak only as of the date hereof, whether as a result of new information, future events or otherwise. Safe Harbor Statements 2
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Safe Harbor Statements Non-GAAP Financial Matters This presentation contains certain non-GAAP financial measures, including, without limitation, total revenues, net income to common shareholders, earnings per diluted common share, revenue per diluted common share, PPNR, efficiency ratio, noninterest expense, noninterest income and the ratio of noninterest expense to average assets, excluding in certain instances the impact of expenses related to other real estate owned, gains or losses on sale of investment securities, gains associated with the sale-leaseback transaction completed in the second quarter of 2023, losses on the restructuring of certain bank owned life insurance (BOLI) contracts, charges related to the FDIC special assessment, income associated with the recognition of a mortgage servicing asset in the first quarter of 2024, fees related to terminating agreement to resell securities previously purchased and professional fees associated with capital optimization initiatives in the second quarter of 2024 and other matters for the accounting periods presented. This presentation may also contain certain other non-GAAP capital ratios and performance measures that exclude the impact of goodwill and core deposit intangibles associated with Pinnacle Financial's acquisitions of BNC, Avenue Bank, Magna Bank, CapitalMark Bank & Trust, Mid-America Bancshares, Inc., Cavalry Bancorp, Inc. and other acquisitions which collectively are less material to the non-GAAP measure as well as the impact of Pinnacle Financial's Series B Preferred Stock. The presentation of the non-GAAP financial information is not intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP. Because non-GAAP financial measures presented in this presentation are not measurements determined in accordance with GAAP and are susceptible to varying calculations, these non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures presented by other companies. Pinnacle Financial believes that these non-GAAP financial measures facilitate making period-to-period comparisons and are meaningful indications of its operating performance. In addition, because intangible assets such as goodwill and the core deposit intangible, and the other items excluded each vary extensively from company to company, Pinnacle Financial believes that the presentation of this information allows investors to more easily compare Pinnacle Financial's results to the results of other companies. Pinnacle Financial's management utilizes this non-GAAP financial information to compare Pinnacle Financial's operating performance for 2025 versus certain periods in 2024 and to internally prepared projections. 3
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Important Information About the Merger and Where to Find It Steel Newco Inc. (“Newco”) filed a registration statement on Form S-4 (File No. 333-289866) with the SEC on August 26, 2025, and an amendment on September 29, 2025, to register the shares of Newco common stock that will be issued to Pinnacle shareholders and Synovus shareholders in connection with the proposed transaction. The registration statement includes a joint proxy statement of Pinnacle and Synovus that also constitutes a prospectus of Newco. The registration statement was declared effective on September 30, 2025. Newco filed a prospectus on September 30, 2025, and Pinnacle and Synovus each filed a definitive proxy statement on September 30, 2025. Pinnacle and Synovus each commenced mailing of the definitive joint proxy statement/prospectus to their respective shareholders on or about September 30, 2025. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS (AND ANY OTHER DOCUMENTS THAT HAVE BEEN OR MAY BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS) BECAUSE SUCH DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by Pinnacle, Synovus or Newco through the website maintained by the SEC at http://www.sec.gov or by contacting the investor relations department of Pinnacle or Synovus at: Pinnacle Financial Partners, Inc. Synovus Financial Corp. 21 Platform Way South 33 West 14th Street Nashville, TN 37203 Columbus, GA 31901 Attention: Investor Relations Attention: Investor Relations Investor.Relations@pnfp.com InvestorRelations@Synovus.com (615) 743-8219 (701)641-6500 Before making any voting or investment decision, investors and security holders of Pinnacle and Synovus are urged to read car efully the entire registration statement and definitive joint proxy statement/prospectus, including any amendments thereto, because they contain important information about the proposed transaction. Free copies of these documents may be obt ained as described above. Participants in Solicitation Pinnacle and Synovus and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Pinnacle’s shareholders and Synovus’ shareholders in respect of the proposed transaction under the rules of the SEC. Information regarding Pinnacle’s directors and executive officers is available in Pinnacle’s proxy statement for its 2025 annual meeting of shareholders, filed with the SEC on March 3, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1115055/000111505525000063/pnfp-20250303.htm) (the “Pinnacle 2025 Proxy”), under the headings “Environmental, Social and Corporate Governance,” “Proposal 1 Election of Directors,” “Information About Our Executive Officers,” “Executive Compensation,” “Security Ownership of Certain Beneficial Owners and Management,” and “Certain Relationships and Related Transactions,” and in Pinnacle’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 25, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1115055/000111505525000042/pnfp-20241231.htm), and in other documents subsequently filed by Pinnacle with the SEC, which can be obtained free of charge through the website maintained by the SEC at http://www.sec.gov. Any changes in the holdings of Pinnacle’s securities by Pinnacle’s directors or executive officers from the amounts described in the Pinnacle 2025 Proxy have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 or on Statements of Change in Ownership on Form 4 filed with the SEC subsequent to the filing date of the Pinnacle 2025 Proxy and are available at the SEC’s website at www.sec.gov. Additional information regarding the interests of such participants is included in the definitive joint proxy statement/prospectus and will be included in other relevant materials to be filed with the SEC. Information regarding Synovus’ directors and executive officers is available in Synovus’ proxy statement for its 2025 annual meeting of shareholders, filed with the SEC on March 12, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0000018349/000001834925000057/syn-20250312.htm) (the “Synovus 2025 Proxy”), under the headings “Corporate Governance and Board Matters,” “Director Compensation,” “Proposal 1 Election of Directors,” “Executive Officers,” “Stock Ownership of Directors and Named Executive Officers,” “Executive Compensation,” “Compensation and Human Capital Committee Report,” “Summary Compensation Table,” and “Certain Relationships and Related Transactions,” and in Synovus’ Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 21, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0000018349/000001834925000049/syn- 20241231.htm), and in other documents subsequently filed by Synovus with the SEC, which can be obtained free of charge through the website maintained by the SEC at http://www.sec.gov. Any changes in the holdings of Synovus’ securities by Synovus’ directors or executive officers from the amounts described in the Synovus 2025 Proxy have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 or on Statements of Change in Ownership on Form 4 filed with the SEC subsequent to the filing date of the Synovus 2025 Proxy and are available at the SEC’s website at www.sec.gov. No Offer or Solicitation This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Safe Harbor Statements 4
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Classified Asset Ratio Pre-COVID PNFP’s Median Quarterly Performance was 13.5% NCOsNPA/ Loans & ORE Pre-COVID PNFP’s Median Quarterly Performance was 0.12% Shareholder Value Dashboard 3Q25 summary results of key GAAP measures PNFP’s Median Quarterly Performance of 0.27% PNFP’s Median Quarterly Performance of 0.17%PNFP’s Median Quarterly Performance of 4.0% Pre-COVID PNFP’s Median Quarterly Performance was 0.54% Total Revenues FD EPS Net Income Available to Common Shareholders Total Loans (millions) Total Deposits (in millions) Book Value per Common Share 5
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*: excluding gains and losses on sales of investment securities, recognition of a mortgage servicing asset, loss on BOLI restructuring, gain on the sale of fixed assets as a result of a sale-leaseback transaction, ORE expense (income), FDIC special assessment, fees related to terminating agreement to resell securities previously purchased, professional fees associated with capital optimization initiatives and merger-related expenses. PPNR represents pre-tax, pre-provision net revenues. **: excluding goodwill, core deposit and other intangible assets Note: For a reconciliation of these Non-GAAP financial measures to the most directly comparable GAAP measures, see slides 59-60. Classified Asset Ratio Pre-COVID PNFP’s Median Quarterly Performance was 13.5% Total Core Deposits (millions) Pre-COVID PNFP’s Median Quarterly Performance was 0.54% NCOsNPA/ Loans & ORE Tangible Book Value per Share**Total Loans (millions) Adjusted Pre-Tax Pre-Provision Net Income*FD EPS*Total Revenues* Shareholder Value Dashboard 3Q25 summary results of key non-GAAP measures PNFP’s Median Quarterly Performance of 0.27% PNFP’s Median Quarterly Performance of 0.17%PNFP’s Median Quarterly Performance of 4.0% CAGR 12.2% CAGR 10.9% CAGR 7.4% CAGR 9.7% CAGR 10.8%CAGR 11.0% Pre-COVID PNFP’s Median Quarterly Performance was 0.12% 6
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The Flywheel Effect “In building a great company or social sector enterprise, there is no single defining action, no grand program, no one killer innovation, no solitary lucky break, no miracle moment. Rather, the process resembles relentlessly pushing a giant, heavy flywheel, turn upon turn, building momentum until a point of breakthrough, and beyond.” – Jim Collins PNFP’s Approach to M&A is Strategic and Disciplined The Flywheel Effect: Leads to Accelerated and Sustained Growth Pinnacle’s Flywheel Continues to Spin Rapidly 7 Hiring Great Bankers Revenue Adjusted EPS Deposits (NIB / Core) Loans 31.5% 54.0% 14.5% / 10.6% 8.9% 3Q25 Linked-Quarter Annualized Growth Rate
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Source: S&P Global Market Intelligence and FDIC as of June 30, 2025. Note: Market share based on MSA-level deposits capped at $5bn per branch. Historical figures include deposits from inactive branches prior to closure. Historical periods pro forma for completed M&A. FDIC Deposit Market Share Evolution Over Last 10 Years – Key Tennessee Metros Nashville Chattanooga Knoxville Memphis Δ +7.3pp Δ Δ Δ Regions Wells Fargo First Horizon Truist PNFP Other Ceding Share: (10.3pp) +3.0pp +6.7pp (15.1pp) +8.4pp +6.2pp (13.9pp) +7.8pp +11.7pp (16.7pp) +5.1pp 11.9% 14.9% 7.4% 6.7% 13.5% 8.3% 14.4% 11.0% 2.7% 1.8% 50.1% 57.4% 2015 2025 8.0% 16.5% 23.5% 18.0% 20.6% 13.0% 13.1% 11.3% 1.0% 0.9% 33.7% 40.4% 2015 2025 4.9% 12.7% 18.5% 17.1% 22.7% 13.2% 14.7% 11.7% 39.2% 45.4% 2015 2025 1.7% 6.8% 29.3% 23.3% 10.5% 4.3% 16.6% 12.2% 1.8% 1.6% 40.2% 51.9% 2015 2025 Pinnacle 2.0 is Uniquely Positioned for Continued Share Growth PNFP continues to capitalize on larger bank vulnerabilities in Tennessee 8
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Pinnacle 2.0 is Uniquely Positioned for Continued Share Growth PNFP continues to capitalize on larger bank vulnerabilities across the Southeast • Source: S&P Global Market Intelligence and FDIC as of June 30, 2025. • Note: Market share based on MSA-level deposits capped at $5bn per branch. Historical figures include deposits from inactive branches prior to closure. Historical periods pro forma for completed M&A. • (1) Deposit market share figures are pro forma for Synovus merger. 2025 FDIC Deposit Market Share for Selected Competitors Ceding Significant Share Carolinas & Virginia Expansion Markets 10.2% 13.2% 2.7% 1.8% 2.7% 9.4% 8.6% 6.5% 12.4% 0.9% 1.9% 3.6% 0.6% PNFP (1) L10Y Change in Market Share (pp) RF - +.0.4 - (0.5) (0.8) (0.7) (5.6) (0.1) (1.2) (1.0) - - (0.2) FHN (0.3) (0.0) (0.7) (0.6) +0.0 +0.3 +0.7 (0.2) (0.0) +0.1 - - - WFC (10.1) (5.9) (2.3) (9.4) (6.4) (6.4) (4.1) (6.5) (2.7) (4.1) (1.2) - - TFC (1.4) (1.1) (8.9) (1.4) (3.6) (2.3) +3.6 (5.3) (5.0) +4.4 (2.6) (4.8) +0.6 Combined (11.8) (6.6) (11.9) (11.9) (10.8) (9.1) (5.4) (12.1) (8.9) (0.6) (3.8) (4.8) +0.4 9
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Pinnacle 2.0 is Uniquely Positioned for Continued Share Growth Different than most mergers, the PNFP/SNV merger is about Pinnacle 2.0’s revenue growth flywheel Note: Cross-hairs are set at the mean for market penetration (Y-axis) and excellent client satisfaction (X-axis) Question: Using a 5-point scale, from "1" poor to "5" excellent, how do you rate your overall satisfaction with your provider? Which other banks or non-banks such as alternative lenders, payment providers, or fintechs does your company currently use? Source: Coalition Greenwich Voice of Client – 2025 Market Tracking Program (Pinnacle Financial – Footprint - $1-500MM – Q2 2025 R2Q- Banking). (1) Synovus is represented in chart data but de-identified. Bank A Bank CBank B Bank G Bank D Bank E Bank F Bank H 0% 2% 4% 6% 8% 10% 12% 14% 20 40 60 80 100 Lead Relationships as % of Total Market (%) Likely to Recommend (NPS) The combination of Synovus(1) and Pinnacle would yield an 8% Lead Relationship share and a leading Net Promoter Score in the current Pinnacle footprint Standalone Post-Merger
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11 37 34 33 38 35 3Q24 4Q24 1Q25 2Q25 3Q25 Revenue Producer Hires by Quarter Pinnacle’s Hedgehog Strategy Has Continued Post Merger Announcement Offers and acceptances of revenue producers continue apace post merger announcement 91.4%Offer Acceptance Rate: 91.4% 91.6% • 3Q25 Adds: Revenue producer hiring momentum maintained with offer acceptance rate unchanged • 2026+ Cadence: Plan to add ~150 revenue producers in 2026, stepping up again in 2027; record hires last year shows sourcing capacity • SNV Runway: SNV has ~270 revenue producers vs. ~570 for PNFP. Room to add ~300 as the PNFP model rolls out • SNV Cadence: Pre-deal goal was +30% RMs (~35/yr); post- close, pace expected to accelerate under PNFP’s referral- driven hiring and 3x/week recruiting pipeline reviews Momentum Continues with Substantial Runway
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Market Share Gains Continued to Drive Loan Growth Linked-quarter annualized growth in average loans was 7.8% in 3Q25 3Q25 Highlights • EOP loans increased 8.9% linked-quarter annualized in 3Q25 compared to 10.7% in 2Q25 and 6.4% in 3Q24 • C&I growth remained strong at 17.9% linked-quarter annualized compared to 21.9% in 2Q25 • Other loans, including commercial real estate loans increased 2.9% linked-quarter annualized • 3Q25 loan origination rates remained well above current portfolio yields *Excludes leases, credit cards and loans HFS; loan yields exclude tax equivalent income adjustments; loan yields consider contractual floors for individual loans but exclude the impact of other loan interest rate derivative products. 5.12% 4.96% 4.88% 4.84% 4.76% 4.73% 4.71% 4.40% 4.50% 4.60% 4.70% 4.80% 4.90% 5.00% 5.10% 5.20% $0 $200 $400 $600 $800 $1,000 $1,200 4Q25 1Q26 2Q26 3Q26 4Q26 1Q27 2Q27 Fixed Rate Loan Maturities / Cash flow FX Loan CFLW Mat Rate $22,493 $22,525 $22,848 $23,180 $22,986 $23,226 $23,849 $25,397 $27,021 $28,402 $29,634 $30,882 $31,530 $32,372 $33,042 $33,517 $34,082 $34,981 $36,042 $36,968 $37,693 6.29% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% 6.50% 7.00% $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 Loan Yields Average Loans (millions) Average Loan Growth and Yields 12
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3Q25 Highlights • Total EOP deposits, excluding brokered, increased 6.4% linked- quarter annualized • EOP noninterest-bearing deposits increased 14.4% linked- quarter annualized to 19.6% of total deposits • Declining rate deposit betas continue to match levels seen during rising rates while variable-rate loan beta improved due to rate cut/repricing timing; negative fixed-rate loan beta remains a positive NIM tailwind Deposit Growth Remains a Key Strategic Focus for Our Firm Linked-quarter annualized growth in average deposits was 11.3% in 3Q25 Sep. 30, 2024 EOP Rates Sep. 30, 2024 % of Totals Jun. 30, 2025 EOP Rates Jun. 30, 2025 % of Totals Sep. 30, 2025 EOP Rates Sep. 30, 2025 % of Totals Noninterest bearing --- 20.1% --- 19.2% --- 19.6% Interest-bearing: Rate sheet 1.22% 15.1% 0.92% 13.5% 0.77% 12.8% Negotiated 3.07% 5.0% 2.50% 4.0% 2.80% 3.4% Indexed 4.15% 47.8% 3.67% 52.3% 3.45% 54.0% CDs 4.41% 12.0% 3.81% 11.0% 3.70% 10.2% Total IBD 3.57% 79.9% 3.17% 80.8% 3.03% 80.4% Total Deposits 2.85% 100.0% 2.56% 100.0% 2.43% 100.0% Cumulative Betas (EOP rate comparisons) “Up Rate Cycle” Dec. 31, 2021 through Sept. 18, 2024 “Down Rate Cycle” Sept. 18, 2024 through Sept. 30, 2025 Fed funds effective rate, at EOP 0.08% to 5.33% 5.33% to 4.09% Variable Rate Loans 84.6% 67.6% Fixed Rate Loans 15.0% -20.9% Total Loans 59.1% 36.8% Int Checking, Savings, Money Market 68.5% 70.9% Time Deposits 74.8% 58.2% Total Interest-Bearing Deposits 69.7% 69.0% Total Deposits 56.3% 54.8% $20,680 $24,807 $26,352 $27,193 $27,621 $28,014 $28,740 $30,034 $31,539 $31,484 $33,108 $34,177 $35,292 $36,356 $38,078 $38,516 $38,996 $39,454 $40,101 $41,682 $43,019 $44,234 $45,479 2.57% 0.00% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% 1.75% 2.00% 2.25% 2.50% 2.75% 3.00% 3.25% $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 Deposit Costs Average Deposits (millions) Average Deposit Growth Avg. Deposits Cost of Deposits 13
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3Q25 Highlights • Net interest income growth accelerated to 18.3% linked-quarter annualized on solid earning asset growth and modest NIM expansion • Net interest margin increased 3bps to 3.26%, moving above the trailing four quarter range of 3.21%-3.23% • Current forecast assumes 25bp Fed funds rate decreases at the October and December 2025 Fed meetings Solid Volume and Favorable NIM Trends Driving Strong NII Growth Net interest income grew at a mid-teen linked-quarter annualized pace for the second consecutive quarter 3.26% 2.75% 3.00% 3.25% 3.50% 3.75% $175 $200 $225 $250 $275 $300 $325 $350 $375 $400 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Net Interest Margin Net Interest Income ($ in mil.) Net Interest Income & NIM NII NIM 4.41% 2.00% 2.25% 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% $3,500 $4,000 $4,500 $5,000 $5,500 $6,000 $6,500 $7,000 $7,500 $8,000 $8,500 $9,000 $9,500 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Average Quarterly Yield Average Balances ($ in mil.) Quarterly Avg. Securities Avg. Securities Yield 4.49% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Average Quarterly Yield Average Balances ($ in mil.) Quarterly Avg. FFS, IB Cash & Repos Avg. FFS, IB Cash & Repos Yield 14
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3Q25 Highlights • Credit metrics continued to perform well in comparison to long-term historical averages • Classified Assets, Potential Problem, Past due loans which are historically strong indicators of future credit performance continue to perform well • ACL increased to 1.15% of total loans 0.16% 0.16% 0.23% 0.21% 0.18% NCOs 0.24% 0.15% 0.14% 0.35% 0.41% NPA/ Loans & ORE 0.09% 0.13% 0.16% 0.16% 0.17% Past Dues as a % of Total Loans 0.60% 0.21% 0.42% 0.14% 0.20% Potential Problem Loans 5.6% 2.6% 4.6% 3.9% 4.2% Classified Asset Ratio Credit Performance Remains Strong in 3Q25 No significant change in credit metrics between 2Q25 and 3Q25 15
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$0 $100 $200 $300 $400 2021 2022 2023 2024 2025 YTD $0.0 $2.0 $4.0 $6.0 2021 2022 2023 2024 2025 YTD • BHG provides loans in as little as 3 days from application to funding. • A truly diversified funding strategy creates ample liquidity to fund loan originations, through: • BHG’s proprietary online auction platform encompassing over 1,690 unique Banks historically. • Programmatic sponsorship in the ABS market and institutional whole loan sale relationships. Wall Street continues to demand BHG product with 11 securitizations accomplished since 2020. • 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 & behavioral data points. BHG Financial Overview Strong YTD earnings of $189M supported by significant growth in originations and solid credit performance Earnings Before Taxes ($mm) Origination Volume ($bn) Source: BHG Internal Data 16
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3Q25 Results Provide for Continued Optimism in FY2025 Changes to current outlook trend to the positive, in our view Note: 2025 outlook is based on current facts and circumstances. Our outlook is subject to change based on numerous factors which may require us to change our outlook at any time. These factors may include, among the other risks described herein, changes in operating strategy, balance sheet positioning or macroeconomic factors such as significant changes in interest rates from those we are modeling. See slide 2 of these materials for more information. Current 2025 Outlook (as of October 15, 2025) 2024 Results Y/Y EOP Loan Growth We are modifying our estimate that our EOP loan growth for 2025 will now be 9-10% growth over 2024 year-end balances. Y/Y EOP growth of 8.6% Y/Y EOP Deposit Growth We are modifying our estimate that EOP deposit growth for 2025 will be 8-10% growth over 2024 year-end balances. Y/Y EOP growth of 11.2% Net interest income We are increasing our estimate that our net interest income growth outlook will now be 13 -14% year-over-year growth. Additionally, current estimate is that our 4Q25 net interest margin will increase modestly from our 3Q25 net interest margin result. Y/Y net interest income growth of 8.2% 2024 Net interest margin result was 3.16% Fee income We are increasing our estimate that fee growth for 2025 over 2024 should now approximate 20-22% growth for noninterest income excluding losses on the sale of investment securities and the recognition of an $11.8 million mortgage servicing gain in 2024. Y/Y growth of 15.2% (*) Expenses We are modifying our estimate for total expenses excluding the impact of ORE costs and merger -related expenses for 2025 to approximate a range of $1.150 billion to $1.155 billion. We are also increasing our anticipated target payout for the annual cash incentive plan from 115% at June 30, 2025 to 125% September 30, 2025. 2024 NIE was $999 million (#) Income tax expense rate The effective tax rate (ETR) for 2025 should approximate last year's ETR with a low-18% result. 2024 ETR was 18.3% Asset quality and provisioning We are maintaining our estimate for net charge-offs in 2025 as a percentage of average loans to approximate a range of 0.18% to 0.20%. We are modifying our estimate for our loan loss provision as a percentage of average loans to be a range of 0.26% to 0.27%. Furthermore, we estimate that ACL as a percentage of total loans will remain consistent with Q3 levels throughout the remainder of 2025, but this could change should macro factors warrant. Net loan charge-offs of 0.23% Provision to avg. loans of 0.36% ACL of 1.17% (*) Excludes losses on the sale of investment securities and, in the case of 2024, the recognition of a $11.8 million mortgage servicing gain, and, in the case of 2023, the $85.7 million gain on the sale of fixed assets because of the sale-leaseback transaction and $16.3 million in BOLI restructuring charges. (#) Excluding the impact of ORE costs, and in 2024 the $7.25 million FDIC special assessment and $28.4 million in fees related to terminating the agreement to resell securities previously purchased and professional fees associated with capital optimization initiatives 17
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PNFP/SNV Merger is Progressing Well 18 • Financially and strategically compelling transaction • Key decisions were finalized pre-announcement 2027E EPS Accretion 21% Pro Forma CET1 at Close 10.1% Key Decisions Made Corporate / Org. Technology Expected Closing Q1 2026 Expected Operational Conversion Q1 2027 Deal Rationale Completed Work • Key leadership positions have now been finalized • Key systems have been evaluated, most decisions made • Proxy statements mailed • Regulatory applications filed • Pre-merger exam conducted by the Atlanta Fed • Special shareholder meeting -- November 6, 2025 • Complete organization chart and benefit plans -- November 10, 2025 • Expected closing following receipt of shareholder and regulatory approvals Major Remaining Milestones Transaction Highlights
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Supplemental Information Slide # • Merger Update 20 • Balance Sheet 28 • Income Statement 49 • BHG 53 • Non-GAAP Reconciliation 59 • Peer Group 61 19
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Pro Forma Branch Footprint Synovus Pro forma footprint population projected to grow 2x faster than national average Source: July 24, 2025, PNFP-SNV merger presentation; (1) 2025-2027E pro forma revenue growth CAGR of 10.5% (#1 among peers), 47%pro forma 2027E efficiency ratio (#1 among peers), 1.38% pro forma 2027E return on average assets (#2 among peers) and 18.0% pro forma 2027E return on average tangible common equity (#1 among peers) Fully Committed to Continuing the Highly Successful PNFP Operating and Recruiting Model Positioned to Remain Employer of Choice with Industry- Leading Client Service Versus Competitors Strong Pro Forma Capital Generation Minimal Geographic Overlap Supports Low-Risk Integration Builds on Significant, Multi-Year Investments to Prepare for LFI Standards Capitalizes on Positive Regulatory Environment for Larger Bank Mergers Creates Fastest-Growing, Most Profitable Regional Bank with 21% 2027E EPS Accretion and 2.6 Year TBV Dilution Earnback(1) Pinnacle Merger Update Financially and strategically compelling transaction 20
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Cumulative Deposit Growth(1) (2014 – 2024) Sources: SNL Financials, Peer groupdefined as CFG, FITB, HBAN, KEY, MTB, PNC, RF, TFC and USB; (1) Not adjusted for M&A Cumulative RevenueGrowth(1) (2014 – 2024) Cumulative Growth in Adjusted EPS (2014 – 2024) P eers Both franchises have delivered peer-leading top-line and bottom-line results through disciplined strategic execution and operational excellence P eers P eers Merger Update PNFP and SNV produced consistent top -quartile financial results 21
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Below 8.5x 8.5x – 10.5x Over 12.5x10.5x – 12.5x Imputed PNFP Share Price at Various 1-Y ear Forward P/E Multiples(1) ~13.0x (1) 2027E EPS range of $11.35 to $11.75 utilizes merger model from announcement day and assumes the realization of 75% of announced cost synergies, no revenue synergies, purchase accounting mark accretion and share repurchases to result in a CET1 ratio range of 10.0% to 10.5%, respectively; for illustrative purposes only; current PNFP stock price as of October 9, 2025; (2) Blended PNFP/SNV multiples of ~13.0x and ~10.0x, respectively, as of the unaffected date of July 21, 2025; highest valued regional banks represents a blended multiple of the two selected regional peer banks with 1-year forward P/E multiples between 10.5x to 12.5x as of October 9, 2025; standalone PNFP multiple of ~13.0x as of the unaffected date of July 21, 2025; (3) Selected 14 regional peer banks between $60bn and $250bn in total assets as of June 30, 2025; 1-year forward P/E multiples as of October 9, 2025; PNFP multiple of ~13.0x as of the unaffected date of July 21, 2025; source: S&P Capital IQ Pro Illustrative 1-Y ear Forward P/E Multiples(2): Regional P eer Bank 1-Y ear Forward P/E Multiples(3): ~11.5x Merger Update Merger offers significant price upside for the combined company 22
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Brand Name Headquarters Leadership T eam Operating Model Incentive Model Board of Directors Split T echnology Stack Pinnacle Financial Partners and Pinnacle Bank Built on Synovus' highly-scalable FIS core platform Primarily based on company revenue and EPS growth 15 directors: 8 Pinnacle and 7 Synovus Each side has 6 independent directors Geographic operating model with local leadership Long-term clarity on CEO Finalized key leadership positions Holding Company: Atlanta, GA and Bank: Nashville, TN Merger Update Key decisions already made in contrast to other MOEs 23
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Full Organization Communicated 3 Down from CEO Communicated 2 Down from CEO Communicated Legal Finance Risk Management Operations Human Resources, Marketing, & Corporate Communications Digital & Product Solutions Audit Consumer, Small Business, & Specialty Deposits T reasury and Payment Solutions 4 Down from CEO Communicated Credit ManagementChief Banking Officer Merger Update Key leadership decisions are finalized 24
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Digital Support Services Core system selection confirmed Finalizing remaining system selections to align with our go-forward business model Finalizing remaining selections post vendor negotiation completion Digital solutions evaluated with integration strategy and deployment planning underway Customer Origination & Servicing 80% Core 100% 100% 88% Merger Update Initial systems assessment 25
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Third Quarter 2025 Fourth Quarter 2025 Established integration management office (IMO) and mobilized 20 portfolios and 75+ workstreams, including dedicated LFI readiness Held joint IMO in-person meetings on September 23 and October 8, focused on enhancing connectivity amongst colleagues Finalized pro forma organizational chart for executive management team and next levels Communicated employee retention packages Met jointly with over 100 investment management firms virtually and in person to discuss the transaction Filed S-4 and mailed joint proxy statement Continue IMO workstreams Hold special shareholder meeting on November 6 Finalize pro forma full organizational structure, employee benefits and non- core platform technology system decisions Remain comfortable with merger-related expense savings of $250 million, or 10% of combined non-interest expense Pro forma CET1 Ratio at merger close now estimated at ~10.1%(1) (1) Estimate based on 9/30/25 actual results and financial assumptions associated with the pending PNFP-SNV merger Merger Update 26
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August 21, 2025 Executive Leadership Team Announced August 22, 2025 Merger Application Submitted to Bank Regulators August 19, 2025 IMOs(1) Established November 6, 2025 Special Shareholder Meetings First Quarter 2026 Expected Closing First Quarter 2027 Expected Operational Conversion (1) IMO - Integration Management Office September 30, 2025 S-4 Declared Effective / Commencement of Joint Proxy Statement Mailed Fourth Quarter 2025 Full Organizational Chart/Benefit Plan Decisions August 26, 2025 Initial S-4 Filed July 24, 2025 Merger Agreement Signed & Announced Merger Update Timeline (Illustrative) 27
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Note: Strategic expansion volumes include certain loans that are recorded in the various geographies (as detailed on slide 30) but for illustration purposes above are included as Strategic Expansion loans due to the relationship managers being assigned to a specialty lending unit. Balance Sheet – Loan Portfolio Net Loan Growth – 3Q25 – Strategic Decisions: • Strategic Expansion - $923 million • Jacksonville, Atlanta, DC, Alabama, Kentucky, Franchise Finance, Equipment Finance • Legacy Recruiting Impact - $317 million • New RMs hired in past 2.5 years other than in our strategic market expansions • Legacy market – Reduction of $412 million • RMs in legacy markets such as Nashville, Charlotte, Raleigh, Charleston, Memphis, Chattanooga, etc. that have been with Pinnacle greater than three years 28
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Balance Sheet – Loan Portfolio Segments ($ in millions) Amts. 3Q25 % 3Q25 Amts. 2Q25 % 2Q25 Amts. 3Q24 % 3Q24 Amts. 3Q23 % 3Q23 C&I $15,570.9 41.0% $14,905.3 40.2% $12,986.9 37.9% $11,307.6 35.4% CRE – Owner Occ. 4,904.5 12.9% 4,744.8 12.8% 4,264.7 12.4% 3,944.6 12.3% Total C&I & O/O CRE $20,475.4 53.9% $19,650.1 53.0% $17,251.6 50.3% $15,252.2 47.7% CRE – Investment 5,803.9 15.3% 5,891.7 15.8% 5,919.2 17.3% 5,957.5 18.7% CRE – Multifamily and other 2,284.4 6.0% 2,393.7 6.5% 2,213.2 6.5% 1,490.2 4.7% C&D and Land 3,389.4 9.0% 3,412.1 9.2% 3,486.5 10.1% 3,942.1 12.3% Total CRE & Construction $11,477.7 30.3% $11,697.5 31.5% $11,618.9 33.9% $11,389.8 35.7% Consumer RE 5,373.1 14.2% 5,163.8 13.9% 4,907.8 14.3% 4,768.8 14.9% Consumer and other 606.4 1.6% 593.8 1.6% 530.0 1.5% 532.5 1.7% Total Other $5,979.5 15.8% $5,757.6 15.5% $5,437.8 15.8% $5,301.3 16.6% Total Loans $37,932.6 100.0% $37,105.2 100.0% $34,308.3 100.0% $31,943.3 100.0% Note: Percentages noted in red text represent year-over-year growth rates. 29
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($ in millions) TOTAL PINNACLE C&I & O/O CRE CRE & CONSTRUCTION OTHER LOANS Amts. 3Q25 Amts. 3Q24 Amts. 3Q25 Amts. 3Q24 Amts. 3Q25 Amts. 3Q24 Amts. 3Q25 Amts. 3Q24 Nashville $8,648.8 $8,581.8 $4,218.4 $3,979.4 $2,405.5 $2,744.7 $2,024.9 $1,857.7 Knoxville 2,140.6 2,056.5 1,144.1 1,064.2 534.3 558.9 462.2 433.4 Chattanooga 2,418.0 2,159.7 1,468.4 1,299.4 478.4 419.9 471.2 440.4 Memphis 2,327.7 2,306.8 1,122.4 1,149.9 766.6 760.3 438.7 396.6 Huntsville 245.6 155.7 127.2 81.4 90.8 52.5 27.6 21.8 Birmingham 913.4 731.1 781.6 657.2 94.9 53.1 36.9 20.8 Bowling Green 224.3 188.8 163.3 144.1 50.1 40.2 10.9 4.5 Louisville 234.3 187.1 221.3 185.1 8.9 2.0 4.1 - Total Tennessee /AL /KY $17,152.7 $16,367.5 $9,246.7 $8,560.7 $4,429.5 $4,631.6 $3,476.5 $3,175.2 Greensboro/High Point $2,229.9 2,271.2 $730.7 $735.9 $1,132.1 $1,199.0 $367.1 $336.1 Charlotte 3,598.5 3,445.3 933.4 849.8 2,058.2 2,003.1 606.9 592.4 Raleigh 1,651.6 1,740.1 359.0 344.8 1,108.1 1,242.9 184.5 152.4 Charleston 1,319.6 1,133.2 344.5 218.9 670.4 634.5 304.7 279.8 Greenville 538.2 532.3 199.4 187.9 269.0 273.2 69.8 71.2 Roanoke 794.1 749.1 454.9 370.9 207.1 258.0 132.1 120.2 Washington, D.C. 1,062.1 620.0 820.6 442.7 191.6 161.7 49.9 15.6 SBA Lending Team 288.5 234.3 252.8 224.4 31.6 8.1 4.1 1.8 North Florida 287.4 36.1 228.2 24.0 31.2 - 28.0 12.3 Total Carolina /VA /FL $11,769.9 $10,761.6 $4,323.5 $3,399.3 $5,699.3 $5,780.5 $1,747.1 $1,581.8 Georgia $1,904.2 1,727.7 $785.9 678.4 $1,003.1 $935.9 $115.2 $113.4 Specialty Lending 3,972.4 2,998.6 3,531.7 2,644.6 78.6 97.6 362.1 256.4 Other 3,133.4 2,452.9 2,587.6 1,968.6 267.2 173.3 278.6 311.0 Total $37,932.6 $34,308.3 $20,475.4 $17,251.6 $11,477.7 $11,618.9 $5,979.5 $5,437.8 Balance Sheet – Loan Portfolio – Market Segmentation Note: Percentages noted in red text represent year-over-year growth rates. 30
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Balance Sheet – Loan Portfolio – CRE Segmentation ($ in millions) Total NOO and Multifamily Total Construction Total NOO and Construction Amts. 3Q25 Amts. 2Q25 Amts. 3Q24 Amts. 3Q25 Amts. 2Q25 Amts. 3Q24 Amts. 3Q25 Amts. 2Q25 Amts. 3Q24 Multifamily $2,269.3 $2,393.7 $2,213.9 $1,350.2 $1,484.8 $1,560.4 $3,619.5 $3,878.5 $3,774.3 Warehouse 1,825.7 1,850.2 1,784.2 326.5 378.1 350.2 2,152.2 2,228.3 2,134.4 Retail 1,534.2 1,505.1 1,534.3 215.8 160.6 180.9 1,750.0 1,665.7 1,715.2 Office 835.6 848.2 883.7 106.1 111.4 119.6 941.7 959.6 1,003.3 1-4 Family - - - 677.7 668.9 681.7 677.7 668.9 681.7 Hospitality 550.7 611.8 626.8 49.0 42.2 2.7 599.7 654.0 629.5 Sr. Housing & Care 445.8 478.0 541.8 14.5 7.1 6.3 460.3 485.1 548.1 Medical 360.3 368.9 342.1 42.9 30.5 29.5 403.2 399.4 371.6 Other 266.7 229.5 205.6 606.7 528.5 555.2 873.4 758.0 760.8 Total $8,088.3 $8,285.4 $8,132.4 $3,389.4 $3,412.1 $3,486.5 $11,477.7 $11,697.5 $11,618.9 31
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Balance Sheet – Loan Portfolio Lines of Credit ($s in millions) 03/31/2024 06/30/2024 09/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 Linked Qtr. Change CRE – Investment & Construction Net Active Balance $6,835.87 $6,539.76 $6,465.36 $6,577.64 $6,471.50 $6,308.09 $6,159.12 ($148.97) Net Available Credit 3,793.18 3,455.51 3,057.26 3,050.57 3,196.13 3,419.86 4,012.35 592.49 Total Exposure 10,629.05 9,995.27 9,522.62 9,628.21 9,667.63 9,727.95 10,171.47 443.52 % Funded 64.3% 65.4% 67.9% 68.3% 66.9% 64.8% 60.6% (4.2%) C&I and O/O CRE Net Active Balance $6,882.43 $6,983.88 $7,203.27 $7,467.74 $7,723.80 $8,615.09 $9,002.56 $387.47 Net Available Credit 8,786.85 8,851.11 9,120.86 9,684.16 10,299.33 10,673.25 11,078.72 405.47 Total Exposure 15,669.28 15,834.99 16,324.13 17,151.90 18,023.13 19,288.34 20,081.28 792.94 % Funded 43.9% 44.1% 44.1% 43.5% 42.9% 44.7% 44.8% 0.1% Consumer Net Active Balance $1,613.01 $1,691.56 $1,730.28 $1,738.57 $1,775.34 $1,828.18 $1,855.06 $26.88 Net Available Credit 2,552.10 2,566.91 2,593.11 2,628.92 2,672.66 2,707.80 2,767.40 59.60 Total Exposure 4,165.11 4,258.47 4,323.39 4,367.49 4,448.00 4,535.98 4,622.46 86.48 % Funded 38.7% 39.7% 40.0% 39.8% 39.9% 40.3% 40.1% (0.2%) Totals Net Active Balance $15,331.31 $15,215.20 $15,398.91 $15,783.95 $15,970.64 $16,751.36 $17,016.74 $265.38 Net Available Credit 15,132.12 14,873.52 14,771.23 15,363.65 16,168.12 16,800.91 17,858.47 1,057.56 Total Exposure 30,463.43 30,088.72 30,170.14 31,147.60 32,138.76 33,552.27 34,875.21 1,322.94 % Funded 50.3% 50.6% 51.0% 50.7% 49.7% 49.9% 48.8% (1.1%) 32
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Balance Sheet – CRE Loan Portfolio Highlights • Over 90% of NOOCRE Portfolio is in Pinnacle’s attractive Southeastern demographic markets • Reduced construction and land development loans as a percentage of total risk-based capital to 59.6% in 3Q25 while total CRE as a percentage of total risk-based capital is now at 218.1%, below our long-term strategic target of 225% • Remain cautious on 1-4 single family residential guidance lines while open to strategic opportunities in Pinnacle’s newer markets • An elevated cost environment continues to challenge projects’ return on cost and is suppressing overall new development pipelines from historical highs 85.9% 84.2% 70.5% 59.6% 249.6% 259.0% 242.2% 218.1% 0.0% 50.0% 100.0% 150.0% 200.0% 250.0% 300.0% NOOCRE / Construction 100/300 Ratio Trends 100 Ratio - Target < 70% 300 Ratio - Target < 225% Land / Spec A&D Office Hospitality Student Housing /Senior Housing 1-4 Resi Spec Properties Self Storage Medical Office Retail – Grocery Store Anchored Retail – Build to Suit 1-4 Resi. Pre-Sold Multifamily Industrial/Warehouse CRE Appetite by Segment 9.5% 4.7% 4.4% 2.4% 1.8% 1.6% 1.2% 1.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% Multifamily Warehouse Retail Professional Office1-4 Family Hospitality Sr. Housing & Skilled Nursing Medical Office 3Q25 NOOCRE & Construction Balances / Total Loans 33
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$(0.3) $(0.3) $(1.2) $(0.1) $(0.4) $2.0 $1.1 $0.3 $12.6 $(0.0) $0.1 $0.5 0.00% -0.01% -0.03% -0.02% -0.02% 0.07% 0.05% 0.04% 0.11% 0.00% 0.00% 0.01% -0.04% -0.02% 0.00% 0.02% 0.04% 0.06% 0.08% 0.10% 0.12% $(5.0) $- $5.0 $10.0 $15.0 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 PNFP CRE & Construction NCO $s (millions) and NCO % NCO ($s) NCO % Balance Sheet – Asset Quality • Continued strong asset quality with minimal past due accruing loans and 97.8% of portfolio graded pass; nonaccrual trends have stabilized beyond the one Class B multifamily loan placed on nonaccrual in Q1 25. • Softness in investor demand for NOOCRE loans due to evolving market conditions continue to keep new construction starts below historical levels. • Strong equity positions in the Commercial Real Estate portfolio help protect against slower stabilization periods. Values weighted by commitment LTV = current commitment as of 09/30/25 divided by appraised value from origination or renewal Metrics represent risk graded loans that cover approximately 98% of CRE & Construction Loans in the property types shown Key Property Metrics Property All Properties Construction Types LTV % DSC Ratio LTC % Multifamily 49.4% 1.53 64.0% Warehouse 51.4% 1.68 63.4% Retail 53.6% 1.64 68.4% Prof. Office 53.6% 1.70 63.0% Hospitality 51.0% 1.91 63.3% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.01% 0.02%0.02% 0.01% 0.05% 0.23% 0.22% 0.22% 0.16% 0.15% 0.12% 0.19% 0.18% 0.18% 0.01% 0.00% 0.00% 0.01% 0.13% 0.16% 0.12% 0.12% 0.13% 0.20% 0.19% 0.18% Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 PNFP CRE & Construction Accruing PD, Classified, and Non-Accruals Past Dues (Accruing) Classified Loans Non-Accrual 34
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13.7% 10.4% 8.3% 7.8% 7.8% 4.8% 4.0% 3.9% 3.3% 3.2% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% Charlotte NC Nashville TN Orlando FL Atlanta GA Raleigh NC Charleston SC Austin TX Knoxville TN Chattanooga TN Denver CO 3Q25 Multifamily Balances by Property Location Multifamily Highlights (DRAFT) Balances include CRE & Construction Note: Balances include NOOCRE & Construction Balance Sheet – Loan Portfolio Multifamily Highlights • 94.8% is located within the PNFP footprint • 49.8% are MF Construction loans (by commitment): o Average number of units 292 ($20MM+ Construction) o Typically, 4 & 5-star, garden style apartments o Located in core urban and suburban Southeastern markets with limited amount of central business district projects • Maturities will create a downward draft on CRE balances. The fluctuation of the 10-Yr may slow down potential pay-offs but debt markets continue to be plentiful with attractive refinance structures • 97.0% of risk rated loans are pass • 19 loans at Sept. 30, 2025 with commitments greater than $40.0mm; Largest loan balance at Sept. 30, 2025 was $52.0mm Loan Size (by Comm.) Loan Count % of Balances % of Commitments Loan Age (Yrs) Unit Count (Avg) Construction Below $1MM 3 0.0% 0.0% 1.4 36 $1MM - $5MM 8 0.3% 0.4% 1.4 42 $5MM - $10MM 4 0.5% 0.6% 2.0 99 $10MM - $20MM 11 2.4% 3.7% 1.7 216 $20MM - $40MM 51 23.2% 34.1% 1.8 286 Above $40MM 11 10.9% 11.0% 2.7 298 Construction Subtotal 88 37.3% 49.8% 1.8 256 Term Below $1MM 152 1.4% 1.2% 6.5 20 $1MM - $5MM 68 4.2% 3.3% 4.9 65 $5MM - $10MM 16 2.8% 2.4% 4.4 174 $10MM - $20MM 22 7.7% 6.2% 4.0 179 $20MM - $40MM 43 36.9% 29.5% 3.8 344 Above $40MM 8 9.7% 7.7% 3.5 289 Term Subtotal 309 62.7% 50.2% 5.4 154 Grand Total 397 100.0% 100.0% 4.6 186 6.3% 2.9% 12.0% 23.8% 37.4% 17.7% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% After 2029 2029 2028 2027 2026 2025 3Q25 Multifamily Balances by Maturity Year 35
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Multifamily Highlights (DRAFT)Balance Sheet – Loan Portfolio Warehouse Highlights • Industrial production primarily focuses on construction opportunities with top-tier development platforms • Conservative loan basis exhibiting an average LTV of 51.4% and an average LTC of 63.4% for construction • Maturities will create a downward draft on CRE Balances; The fluctuation of the 10-Yr may slow down potential pay-offs but debt markets continue to be plentiful with attractive refinance structures • Disciplined underwriting using un-trended rents has offset the increased costs of today’s higher rate environment • No past due balances; 100% of risk rated loans are pass • Only 8 loans with commitments greater than $35mm at Sept. 30, 2025; Largest loan balance was $52.7MM at Sept. 30, 2025 9.8% 6.2% 5.5% 4.1% 4.0% 3.8% 3.7% 3.0% 3.0% 2.9% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% Charlotte NC Nashville TN Atlanta GA Cincinnati OH Chattanooga TN Spartanburg SC Asheville NC Indianapolis IN Winchester VA Winston- Salem NC 3Q25 Warehouse Balances by Property Location 5.5% 4.4% 10.2% 25.6% 25.2% 29.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% After 2029 2029 2028 2027 2026 2025 3Q25 Warehouse Balances by Maturity Year Loan Size (by Comm.) Loan Count % of Balances % of Commitments Loan Age (Yrs) Square Feet (Avg) Construction Below $1MM 2 0.0% 0.1% 7.0 97,014 $1MM - $5MM 2 0.4% 0.4% 2.5 116,384 $5MM - $10MM 0 0.0% 0.0% - - $10MM - $20MM 1 1.7% 1.6% 4.0 551,103 $20MM - $35MM 0 0.0% 0.0% - - Above $35MM 2 7.0% 8.2% 5.3 573,114 Construction Subtotal 7 9.1% 10.3% 4.8 303,446 Term Below $1MM 312 11.7% 11.4% 6.2 12,423 $1MM - $5MM 123 29.3% 27.9% 5.2 30,832 $5MM - $10MM 15 11.4% 11.3% 5.8 75,819 $10MM - $20MM 13 17.8% 17.6% 4.9 133,827 $20MM - $35MM 5 12.7% 12.9% 5.2 471,455 Above $35MM 2 8.0% 8.8% 5.5 511,299 Term Subtotal 470 90.9% 89.7% 5.9 45,337 Grand Total 477 100.0% 100.0% 5.9 52,960 36
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Multifamily Highlights (DRAFT)Balance Sheet – Loan Portfolio Professional Office Highlights • 95.1% of Professional Office CRE properties are in PNFP market • The concentration in Nashville is primarily due to the participation in the Nashville Yards project (approximately 13.2% of the 35.0%). The loan consists of 3 office towers; 2 are 100% leased to investment grade tenants with favorable leases and the third serves as PNFP’s new headquarters and is 67% leased. • Limited professional office is exposure at 2.4% of total loans • Granular portfolio with only 9 loans > $20 million o 4 loans with commitments greater than $35mm at Sept. 30, 2025; Largest office loan balance was $41.4mm at Sept. 30, 2025 o Average commitment of $32.4MM and average balance of $28.2MM o No spec construction, pre-leasing > 50% • Remaining 495 loans have an average outstanding balance of $1.42 million • LTV of 53.4%, LTC of 63.0%, Stabilized Occupancy of 89.8% • No past due balances; 97.7% of risk rated loans are pass Loan Size (by Comm.) Loan Count % of Balances % of Commitments Loan Age (Yrs) Square Feet (Avg) Construction Below $1MM 3 0.1% 0.1% 6.3 97,014 $1MM - $5MM 3 0.6% 0.8% 2.6 82,649 $5MM - $10MM 0 0.0% 0.0% $10MM - $20MM 1 1.7% 1.6% 3.8 551,103 $20MM - $35MM 0 0.0% 0.0% Above $35MM 2 6.8% 8.2% 5.1 573,114 Construction Subtotal 9 9.2% 10.6% 4.5 267,413 Term Below $1MM 326 12.1% 11.8% 6.1 13,308 $1MM - $5MM 128 30.1% 29.0% 5.2 30,218 $5MM - $10MM 16 11.9% 11.9% 5.9 79,679 $10MM - $20MM 12 16.5% 16.6% 4.7 133,827 $20MM - $35MM 6 16.9% 16.4% 4.7 417,455 Above $35MM 1 3.4% 3.7% 7.4 511,299 Term Subtotal 489 90.8% 89.4% 5.8 45,047 Grand Total 498 100.0% 100.0% 5.8 52,308 36.2% 12.8% 6.1% 6.0% 5.1% 4.7% 3.1% 2.9% 2.8% 2.8% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% Nashville TN Raleigh NC Charlotte NC Durham NC Charleston SC Greenville SC Greensboro NC Seattle WA Winston- Salem NC Knoxville TN 3Q25 Professional Office Balances by Property Location 13.7% 6.3% 23.5% 22.7% 29.6% 4.3% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% After 2029 2029 2028 2027 2026 2025 3Q25 Professional Office Balances by Maturity Year 37
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45.6% 10.2% 22.4% 21.7% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% LTV < 60% LTV 60% to 70% LTV 70% to 80% LTV ≥ 80% 3Q25 Single Tenant Office LTVs 83.8% 8.5% 7.3% 0.5% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% LTV < 60% LTV 60% to 70% LTV 70% to 80% LTV ≥ 80% 3Q25 Multi-Tenant Office LTVs Multifamily Highlights (DRAFT)Balance Sheet – Loan Portfolio Professional Office Highlights Avg Bal: $2.6 MM Avg Bal: $5.9 MM Avg Bal: $3.6 MM Avg Bal: $2.6 MM Avg Bal: $2.1 MM Avg Bal: $1.7 MM Avg Bal: $3.4 MM Avg Bal: $8.7 MM 5% 9% 30% 56% 3Q25 Professional Office Portfolio by Type Office Condo Mixed Use Office Single Tenant Multi-Tenant 38
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Total Allowance for Credit Losses for loans = $434.5mm or, 1.15% of loans, at September 30, 2025 (1) Calculation based on end of period loan balance (2) Net charge-off percentage calculation is annualized and in relation to avg. quarterly loan balances $ in thousands Allowance for Credit Losses % of Loans Off-Balance Sheet Total At September 30, 2024 $391,534 1.14% (1) $12,469 $404,003 Initial ACL assigned to PCD $14,115 $14,115 Net Charge Offs ($20,807) 0.24% (2) ($20,807) 4Q Provision $29,652 $- $29,652 At December 31, 2024 $414,494 1.17% (1) $12,469 $426,963 Net Charge Offs ($13,992) 0.16% (2) ($13,992) 1Q Provision $16,960 $- $16,960 At March 31, 2025 $417,462 1.16% (1) $12,469 $429,931 Net Charge Offs ($18,737) 0.20% (2) ($18,737) 2Q Provision $23,400 $845 $24,245 At June 30, 2025 $422,125 1.14% (1) $13,314 $435,439 Net Charge Offs ($16,788) 0.18% (2) ($16,788) 3Q Provision $29,113 $2,826 $31,939 At September 30, 2025 $434,450 1.15% (1) $16,140 $450,590 Allowance for Credit Losses 39
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Allowance for Credit Losses ($ in thousands) Allowance for Credit Losses September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Amount % of Loans Amount % of Loans Amount % of Loans Amount % of Loans Amount % of Loans Commercial and Industrial $192,454 1.24% $187,020 1.25% $183,205 1.30% $174,799 1.27% $162,371 1.25% Commercial Real Estate 108,705 0.84% 106,731 0.82% 108,928 0.84% 117,651 0.94% 112,463 0.91% Construction and Land Development 35,096 1.04% 32,753 0.96% 30,461 0.86% 33,620 0.91% 32,375 0.93% Consumer Real Estate 88,056 1.64% 87,296 1.69% 86,447 1.74% 80,042 1.63% 76,187 1.55% Consumer and Other 10,139 1.67% 8,325 1.40% 8,421 1.48% 8,382 1.56% 8,138 1.54% Allowance for Credit Losses - Loans $434,450 1.15% $422,125 1.14% $417,462 1.16% $414,494 1.17% $391,534 1.14% Reserve for unfunded commitments 16,140 13,314 12,469 12,469 12,469 Allowance for Credit Losses - Total $450,590 $435,439 $429,931 $426,963 $404,003 40
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(*) Excludes past due loans rated substandard ($ in thousands) September 30, 2025 AS A % OF TOTAL LOANS June 30, 2025 AS A % OF TOTAL LOANS September 30, 2024 AS A % OF TOTAL LOANS NPLs and > 90 days Const. and land development $2,181 0.01% $2,294 0.01% $3,186 0.01% Consumer RE 27,491 0.07% 28,839 0.08% 32,635 0.10% CRE – Owner Occupied 10,628 0.03% 12,242 0.03% 7,727 0.02% CRE – Non-Owner Occupied 67,415 0.18% 68,792 0.19% 38,906 0.11% Total real estate $107,715 0.29% $112,167 0.31% $82,454 0.24% C&I 43,425 0.11% 48,217 0.13% 39,159 0.12% Other 1,175 0.00% 1,438 0.00% 1,291 0.00% Total loans $152,315 0.40% $161,822 0.44% $122,904 0.36% Classified loans and ORE Classified commercial loans $197,539 0.52% $169,027 0.46% $152,291 0.44% Doubtful commercial loans - 0.00% - 0.00% - 0.00% Other impaired loans 31,025 0.08% 35,722 0.10% 43,712 0.13% 90 days past due and accruing (*) 2,632 0.01% 4,652 0.01% 3,611 0.01% Other real estate 5,129 0.01% 4,835 0.01% 750 0.00% Other repossessed assets 81 0.00% - 0.00% 73 0.00% Total $236,406 0.62% $214,236 0.58% $200,437 0.58% Pinnacle Bank classified asset ratio 4.2% 3.9% 3.9% Balance Sheet – Asset Quality 41
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Balance Sheet – Asset Quality 0.10% 0.16% 0.23% 0.18% -0.20% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% CRE Construction C&I Consumer RE Consumer and other Total Net Charge Off Rates Annualized Net Loan Charge Offs by Loan Type 2022 2023 2024 YTD 2025 42
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Balance Sheet – Asset Quality – 100/300 Test ($ in thousands) Description 3Q25 2Q25 1Q25 4Q24 3Q24 Loans secured by real estate: Construction, land development, and other loans: 1-4 family residential construction loans $655,063 $644,847 $664,689 $670,350 $667,600 Other construction loans and all land development and other land loans 2,734,388 2,767,213 2,861,171 3,028,971 2,818,905 Loans included in the 100% test $3,389,451 $3,412,060 $3,525,860 $3,699,321 $3,486,505 Secured by multifamily (5 or more) residential properties $2,289,522 $2,397,809 $2,362,656 $2,208,335 $2,213,153 Loans secured by other nonfarm nonresidential properties 5,803,851 5,891,694 5,977,583 5,931,420 5,919,235 Financed real estate not secured by real estate 618,511 528,532 492,003 511,639 451,932 Unsecured REITs 295,333 380,978 343,841 356,907 366,250 Loans included in the 300% test $12,396,668 $12,611,073 $12,701,943 $12,707,622 $12,437,075 Total Risk-Based Capital $5,684,596 $5,517,167 $5,372,342 $5,246,472 $5,111,617 % of Total Risk-Based Capital 100% Test – Construction and Land Development 60% 62% 66% 71% 68% 300% Test – Construction and Land Development + NOOCRE + Multifamily 218% 229% 236% 242% 243% 43
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Note: Strategic expansion volumes include certain deposits that are recorded in the various geographies (as detailed on slide 45) but for illustration purposes above are included as Strategic Expansion deposits due to the relationship managers being assigned to a specialty lending unit. Net Deposit Growth – 3Q25 – Strategic Decisions: • Strategic Expansion - $892 million • Jacksonville, Atlanta, DC, Alabama, Kentucky, Franchise Finance, Equipment Finance • Legacy Recruiting Impact – $46 million • New RMs hired in past 2.5 years other than in our strategic market expansions • Legacy market – Reduction of $210 million • RMs in legacy markets such as Nashville, Charlotte, Raleigh, Charleston, Memphis, Chattanooga, etc. that have been with Pinnacle for greater than three years Balance Sheet – Deposit Portfolio 44
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Balance Sheet – Deposit Portfolio – Market Segmentation ($ in millions) TOTAL DEPOSITS CORE DEPOSITS NONCORE DEPOSITS TOTAL PINNACLE TRANSACTION AND MMDA CDs PUBLIC FUNDS and OTHER DEPOSITS 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Nashville $15,358.5 $14,782.5 $13,948.1 $13,057.5 $720.4 $741.2 $690.0 $983.8 Knoxville 3,254.8 2,944.2 2,977.5 2,645.9 188.1 213.2 89.2 85.1 Memphis 2,388.5 2,354.7 2,017.6 1,928.7 248.9 275.6 122.0 150.4 Chattanooga 2,822.1 2,618.8 2,570.9 2,316.3 164.8 212.0 86.4 90.5 Birmingham 456.5 343.0 336.4 262.2 3.6 2.9 116.5 77.9 Huntsville 468.6 422.7 451.4 406.2 6.5 6.5 10.7 10.0 Louisville 376.7 56.1 354.8 32.3 21.4 23.8 0.5 - Bowling Green 171.3 138.4 167.5 136.4 2.7 1.7 1.1 0.3 Total TN/AL/KY $25,297.0 $23,660.4 $22,824.2 $20,785.5 $1,356.4 $1,476.9 $1,116.4 $1,398.0 Greensboro/High Point 3,292.1 3,180.4 2,810.6 2,658.4 304.3 325.2 177.2 196.8 Charlotte 2,367.7 2,281.0 2,045.4 1,953.7 197.4 205.1 124.9 122.2 Charleston 1,791.2 1,694.7 1,559.5 1,454.6 135.0 161.4 96.7 78.7 Raleigh 1,282.2 1,119.9 1,114.6 1,021.0 127.8 83.9 39.8 15.0 Roanoke 1,077.6 951.5 961.8 816.4 82.3 98.9 33.5 36.4 Greenville 541.0 506.1 433.9 393.3 70.9 71.4 36.2 41.4 Washington, D.C. 2,501.7 1,265.9 2,278.2 1,092.8 206.2 155.2 17.3 17.9 North Florida 414.4 14.6 409.2 14.5 2.6 0.1 2.6 - Total Carolinas / VA $13,267.9 $11,014.1 $11,613.2 $9,404.7 $1,126.5 $1,101.0 $528.2 $508.4 Atlanta 1,282.4 783.5 1,247.0 756.3 11.5 9.6 23.9 17.6 Specialty Lending 1,023.5 946.6 1,018.8 941.2 1.6 2.3 3.1 3.1 Other 4,856.3 4,550.3 1,576.3 1,252.2 38.2 34.9 3,241.8 3,263.2 Total $45,727.1 $40,954.9 $38,279.5 $33,139.9 $2,534.2 $2,624.7 $4,913.4 $5,190.3 Note: Percentages noted in red text represent year-over-year growth rates. Numbers may not foot due to rounding. 45
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Balance Sheet - Deposit Portfolio Estimated Liquidity Available for Uninsured Deposits ($s in millions) Balances at Sept. 30, 2025 Total Deposits $45,727 Less: Insured and/or Collateralized Deposits $28,810 Total Deposits – Uninsured / Uncollateralized $16,917 Estimated Liquidity Available for Uninsured Deposits: Est. Immediately Available through Cash, Fed Discount Window $9,850 Est. Other sources – FHLB, Unpledged bonds, Reciprocal deposit programs $9,494 Estimated Liquidity Available for Uninsured Deposits $19,344 Coverage Ratio of Uninsured and Uncollateralized Deposits 1.14x $55,000 $60,000 $65,000 $70,000 $75,000 $80,000 $85,000 $90,000 2019 2020 2021 2022 2023 2024 3Q25 Avg. Deposit Acct Size 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 2019 2020 2021 2022 2023 2024 3Q25 Noninterest Bearing Deposits to Total Deposits (End of Period Balances) 33.7% 42.9% 38.9% 28.9% 32.7% 37.0% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 2020 2021 2022 2023 2024 3Q25 Ratio of EOP Uninsured and Uncollateralized Deposits to Total Deposits 46
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Quarter Duration Net of Hedging Unhedged Duration Avg. Yield - TE 3Q25 2.3% 5.9% 4.4% 2Q25 2.7% 6.4% 4.4% 1Q25 2.4% 6.3% 4.3% 4Q24 2.1% 6.2% 4.3% 3Q24 2.0% 6.2% 4.6% 2Q24 3.5% 6.5% 4.4% 1Q24 3.1% 6.3% 4.1% 4Q23 2.9% 6.2% 4.1% 3Q23 4.4% 7.7% 3.8% 2Q23 4.5% 6.1% 3.7% Balance Sheet – Bond Portfolio 61% of effective duration has been neutralized via hedging Security Type 9/30/25 Balance % of Portfolio 6/30/25 Balance % of Portfolio 3/31/25 Balance % of Portfolio 12/31/24 Balance % of Portfolio Treasuries 1,680,043 18.0% 1,639,366 17.4% 1,526,458 16.9% 1,526,372 17.5% Agencies 416,813 4.5% 443,365 4.7% 469,851 5.2% 493,678 5.7% MBS 1,958,360 21.0% 1,999,857 21.2% 2,043,631 22.7% 2,200,730 25.2% CMOs 1,400,519 15.0% 1,463,696 15.5% 1,154,975 12.8% 743,861 8.5% Municipals 3,612,712 38.8% 3,618,442 38.4% 3,505,734 38.9% 3,434,390 39.4% Asset Backed 121,011 1.3% 133,432 1.3% 155,462 1.7% 176,235 2.0% Corporates 123,281 1.3% 122,691 1.4% 152,332 1.7% 152,478 1.7% Portfolio Book Value 9,312,739 100.0% 9,420,851 100.0% 9,008,443 100.0% 8,727,745 100.0% Unrealized G(L), gross (256,131) (2.8%) (354,199) (3.8%) (289,649) (3.2%) (346,478) (4.0%) Portfolio Carrying Value 9,056,608 97.2% 9,066,651 96.2% 8,718,794 96.8% 8,381,268 96.0% Unrealized G(L), net (AOCI) (133,684) (202,183) - (148,318) - (141,629) - 49% 46% 45% 43% 45% 51% 54% 55% 57% 55% Sep. 2024 Dec. 2024 Mar. 2025 Jun. 2025 Sep. 2025 Bond Portfolio Composition End of Period Fixed Rate Variable Rate 4.41 3.46 16.2 17.3 10.0 12.5 15.0 17.5 20.0 22.5 25.0 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 % of Total Assets Bond Yields PNFP - Yield Peer Median - Yield PNFP - % of Assets Peer Median - % of Assets 47
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Interest Rate Sensitivity Note: We believe our interest rate sensitivity modeling is consistent with regulatory requirements.Our interest rate sensitivity modeling incorporates a number of broad assumptions for earnings simulation, including loan and deposit re-pricing characteristics, the rate of loan prepayments, static balance sheet, etc. Management periodically reviews these assumptions for accuracy based on historical data and future expectations and may change assumptions over time based on better data sources, improved modeling techniques, regulatory changes, etc. Our ALCO policy requires that the base scenario assumes ALL rates remain flat for the prescribed time periods and is the scenario, including those above, to which all others are compared in order to measure the change in net interest income. Policy limits are applied to the results of certain modeling scenarios. While the primary policy scenarios focus is on a twelve-month time frame, including the information above, for the earnings simulations model, longer time horizons are also modeled but are not shown herein. *Analysis reflects modeling as of 8.31.25 *Analysis reflects modeling as of 8.31.25 1.5% 1.6% 1.2% 0.6% 0.7% 0.3% 0.1% -0.1% -0.1% -0.1% 0.1% -1.2% -1.6% -1.2% -0.6% -0.7% -0.3% 0.1% 0.4% 0.4% 0.4% 0.4% -5.0% -3.0% -1.0% 1.0% 3.0% 5.0% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25* Net Interest Income % Rate Ramp Scenarios Ramp +100 Ramp -100 2.5% 3.0% 2.4% 1.4% 1.4% 0.6% 0.3% -0.1% 0.0% 0.1% 0.3% -2.0% -2.9% -2.4% -1.4% -1.4% -0.7% 0.3% 0.7% 0.6% 0.6% 0.6% -5.0% -3.0% -1.0% 1.0% 3.0% 5.0% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25* Net Interest Income % Rate Shock Scenarios Shock +100 Shock -100 48
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* Adjusted noninterest income is a non-GAAP financial measure that excludes gains and losses on sales of investment securities. For a reconciliation of this Non-GAAP financial measure to the most directly comparable GAAP measure, see slides 59-60. Fee Income (dollars in thousands) 3Q25 2Q25 3Q24 Linked- Quarter Annualized Growth % Year-over- Year Growth % Service charges $18,290 $17,092 $16,217 28.0% 12.8% Investment services 23,910 19,324 17,868 94.9% 33.8% Insurance commissions 4,016 3,693 3,286 35.0% 22.2% Gains on mortgage loans sold, net 1,828 1,965 2,643 (27.9%) (30.8%) Losses on sales of investment securities, net - - - NM NM Trust fees 10,316 9,280 8,383 44.7% 23.1% Income from equity method investment (BHG) 40,614 26,027 16,379 >100.0% >100.0% Gains on sale of fixed assets - 202 1,837 (100.0%) (100.0%) Other: Interchange and other consumer fees 20,031 20,248 19,939 (4.3%) 0.5% Bank-owned life insurance 12,011 11,630 10,172 13.1% 18.1% Loan swap fees 2,544 2,117 2,798 80.7% (9.1%) SBA loans sales 1,384 1,729 1,207 (79.8%) 14.7% Income from other equity investments 4,401 2,990 6,226 >100.0% (29.3%) Other 8,593 9,160 8,287 (24.8%) 3.7% Total noninterest income $147,938 $125,457 $115,242 71.7% 28.4% Noninterest income/Average Assets 1.06% 0.93% 0.93% 55.9% 14.0% Adjusted noninterest income* $147,938 $125,457 $115,242 71.7% 28.4% Adjusted noninterest Income*/Total Avg. Assets 1.06% 0.93% 0.93% 55.9% 14.0% • Income from BHG continues to be up significantly on both a linked-quarter and year-over-year basis. • Core fee categories of wealth management reflect strong revenue growth in 3Q25 over 2Q25 and 3Q24. • Service charges increased $1.2 million linked-quarter due to increased interchange on check cards during the quarter. • Bank-owned life insurance increased $1.8 million between 3Q25 and 3Q24 due to the purchase of an additional $150 million in policies during the first nine months of 2025. • Income from other equity investments increased in 3Q25 as compared to 2Q25 and decreased in 3Q25 as compared to 3Q24 due to adjustments to the fair value of these investments in the comparative periods. 49
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* Adjusted noninterest expense is a non-GAAP financial measure that excludes the impact of ORE expense (income) and merger-related expenses. ** Adjusted efficiency ratio is a non-GAAP financial measure that excludes the impact of ORE expense (income), losses on sales of investment securities and merger-related expenses. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures, see slides 59-60. 50 Noninterest Expense (dollars in thousands) 3Q25 2Q25 3Q24 Linked-Quarter Annualized Growth % Yr-over-Yr Growth % Salaries and commissions $115,864 $111,897 $103,354 14.2% 12.1% Cash and equity incentives 45,483 44,763 33,513 6.4% 35.7% Employee benefits and other 25,654 24,586 23,367 17.4% 9.8% Total personnel costs $187,001 $181,246 $160,234 12.7% 16.7% Equipment and occupancy 48,910 48,043 42,564 7.2% 14.9% Other real estate, net 146 137 56 26.3% >100.0% Marketing and other business development 7,902 8,772 5,599 (39.7%) 41.1% Postage and supplies 3,401 3,192 2,965 26.2% 14.7% Amortization of intangibles 1,398 1,400 1,558 (0.6%) (10.3%) Merger-related expenses 7,727 - - 100.0% 100.0% Other noninterest expense: Deposit related expense 18,721 14,988 15,891 99.6% 17.8% Lending related expense 16,909 16,401 17,729 12.4% (4.6%) Wealth management expense 1,039 980 807 24.1% 28.7% Other noninterest expense 9,985 11,287 11,916 (46.1%) (16.2%) Total other noninterest expense $46,654 $43,656 $46,343 27.5% 0.7% Total noninterest expense $303,139 $286,446 $259,319 23.3% 16.9% Efficiency ratio 55.6% 56.7% 55.6% (7.8%) 0.0% Noninterest expense/Total average assets 2.18% 2.13% 2.08% 9.4% 4.8% Adjusted noninterest expense * $295,266 $286,309 $259,263 12.5% 13.9% Adjusted efficiency ratio ** 54.2% 56.7% 55.6% (17.6%) (2.5%) Adjusted noninterest expense*/Total avg. assets 2.12% 2.13% 2.08% (1.9%) 1.9% Headcount (FTE) 3,657.5 3,627.0 3,516.5 3.4% 4.0% • Salaries and commissions reflect the impact of increased headcount and merit raises since January 1, 2025. • Cash incentives in 3Q25 reflect the resetting of estimated incentive payouts for 2025. Cash incentive expense is adjusted each quarter to reflect the anticipated payout percentage for the annual cash incentive plan. At 3Q25, we are accruing incentives at 125% of target vs. 115% of target at 2Q25 and 90% of target at 3Q24. • Merger-related expenses associated with our proposed merger with Synovus Financial were $7.7 million through 3Q25. • Increased costs in equipment and occupancy reflect new properties and equipment placed into service since January 1, 2025; a portion of which relates to our occupancy of our new Nashville, TN headquarters during the first quarter of 2025. • Deposit related expense was impacted by increases in variable costs related to the support of specialty deposit programs.
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*: LTM revenue per share is a non-GAAP financial measure that excludes gains and losses on sales of investment securities, loss on BOLI restructuring, gain on sale of fixed assets as a result of sale-leaseback transaction and recognition of mortgage servicing asset. For a reconciliation of these Non-GAAP financial measures to the most directly comparable GAAP measure, see slides 59-60. Note: See slide 61 for peer group utilized in the above analysis. Peer group calculated by aggregating total peer revenues by total peer weighted avg. shares for each quarter. Source: S&P Global Market Intelligence Income Statement – Revenue Per Share $13.87 $14.05 $14.35 $15.07 $15.78 $16.51 $17.07 $17.50 $17.85 $18.62 $19.51 $20.33 $21.09 $21.39 $21.48 $21.45 $21.60 $21.89 $22.49 $23.39 $24.12 $24.93 $25.90 11.6% 8.7% 6.8% 11.3% 13.8% 17.5% 19.0% 16.2% 13.1% 12.8% 14.3% 16.2% 18.2% 14.9% 10.1% 5.5% 2.4% 2.4% 4.7% 9.1% 11.7% 13.9% 15.2% 5.8% 6.7% 6.6% 5.3% 6.5% 5.8% 3.4% 0.5% -0.3% 1.3% 4.5% 10.9% 15.2% 16.0% 10.7% 1.2% -3.8% -6.0% -5.5% 2.6% 4.3% 6.1% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% $12.00 $13.00 $14.00 $15.00 $16.00 $17.00 $18.00 $19.00 $20.00 $21.00 $22.00 $23.00 $24.00 $25.00 $26.00 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Y/Y Revenue per Share Growth Revenue per Share LTM Revenue Per Share Growth* vs. Peers PNFP LTM Rev/Share PNFP Y/Y Peer Median Y/Y 51
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Tangible Book Value Growth 14.2% 5.1% 14.8% 9.5% 12.6% 2021 2022 2023 2024 2025* Focused on preserving and growing TBV per common share – YTD growth *: YTD Annualized Note: For a reconciliation of this Non-GAAP financial measure to the most directly comparable GAAP measure, see slide 59-60. See slide 61 for peer group utilized in the above analysis. Highlights • Quarterly dividend per common share increased to $0.24 in 1Q25 • Tangible book value per common share at Sept. 30, 2025 was $61.53, up 11.6% from Sept. 30, 2024 • Common equity tier 1 risk-based capital ratio was 10.8% at both Sept. 30, 2025 and Sept. 30, 2024 • Capital Ratios remains strong with top quartile Tangible Common Equity/Tangible Assets ratios at June 30, 2025 compared to peers **: excluding goodwill, core deposit and other intangible assets 8.8% 8.5% 8.6% 8.6% 8.8% 8.5% 7.3% 7.7% 8.3% 6.00% 7.00% 8.00% 9.00% 2021Y 2022Y 2023Y 2024Y 3Q25 Tangible Common Equity Ratio PNFP and Peer Medians PNFP Peer Median PNFP TCER has approximated 8.5% since 2021 while many peers have experienced TCER dilution for same period most likely due to elevated interest rate environment and resulting impact on AOCI $40.98 $42.44 $48.78 $55.12 $61.53 Tangible Book Value per Share** 52
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BHG Credit Quality Continues to Impress Sophisticated credit scoring models produce impressive results BHG Continues to Leverage & Grow its Distribution Network Historically high origination & placement volume in 3Q25 while maintaining tight credit Bank Buyers in Funding Network Quarterly Origination & Placements ($mm) Total Banks In Network Unique Buyers Each Period Source: BHG Internal Data • BHG’s origination volumes rose again in Q3, supported by continued growth in lead flow. • Placements through the BHG Bank Network remained robust, with loans sold at $561 million in Q3. • The BHG Loan Hub maintains a diverse base, featuring 782 unique bank buyers over the past twelve months. • Banks continue to be drawn to BHG loans due to the blend of higher yields and strong historical credit performance. • BHG’s distinct funding platform, including its bank network and institutional investors, provide ample funding for increased origination volume. Placements to institutional investors was a record in Q3 at $1.3B demonstrating strong demand for BHG credit across multiple investors and structures • BHG implements various initiatives to foster strong engagement and loyalty among its bank partners: • Quarterly and monthly seminars • Regulatory and risk management advisory services • Access to top-tier technology providers • Regular communications on BHG’s performance and other company updates $435 $446 $533 $467 $521 $505 $605 $614 $561 $564 $354 $396 $232 $272 $329 $772 $616 $1,275 $1,039 $786 $692 $871 $989 $1,161 $1,210 $1,497 $1,725 $0 $500 $1,000 $1,500 $2,000 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Placements to Bank Network Placements to Institutional Investors Origination - 200 400 600 800 1,000 0 400 800 1,200 1,600 2,000 2017 2018 2019 2020 2021 2022 2023 2024 TTM Q3 2025Total Banks In Network Unique Buyers 53
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Bank Auction Platform Rates • Bank buy rates continued to decrease, demonstrating confidence in BHG credit. • Auction platform spreads remain above long- term averages, finishing at 10.3% for 3Q25, highest since 2022 • BHG continues to work with bank partners to optimize risk/return dynamics and facilitate attractive loan economics. BHG Credit Quality Continues to Impress Sophisticated credit scoring models produce impressive results BHG Produces Wide Spreads on Bank Auction and Balance Sheet Deals Spreads above 10% for Off Balance Sheet Bank Network Sales and On Balance Sheet Loans Off Balance Sheet - Borrower Coupon and Bank Buy Rates Blended Portfolio Yield On Balance Sheet & Related on Balance Sheet Funding Costs 15.5% 15.8% 17.0% 16.7% 16.7% 16.4% 17.0% 17.3% 17.3% 17.6% 17.2% 17.4% 17.9% 5.8% 6.9% 7.6% 8.0% 8.6% 8.8% 8.9% 8.6% 8.1% 7.9% 7.7% 7.6% 7.6% 0.0% 3.0% 6.0% 9.0% 12.0% 15.0% 18.0% 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Borrower Coupon on Loans Sold to Bank Bank Buy Rate 15.1% 15.5% 15.4% 15.3% 15.5% 16.3% 16.3% 15.9% 16.6% 16.8% 17.1% 17.2% 18.0% 3.6% 4.6% 5.6% 5.9% 6.3% 6.6% 6.7% 6.4% 6.8% 6.6% 6.4% 6.5% 6.7% 0.0% 3.0% 6.0% 9.0% 12.0% 15.0% 18.0% 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Loan Interest Income Yield Borrowing Rates On-Balance Sheet Rates • Chart details blended rates for the entire on- balance sheet portfolio at quarter end. • Approximately 90% of balance sheet loans are fixed rate placements with locked in spreads approximating 11.3% for 3Q25. Source: BHG Internal Data 54
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BHG Reserves Compare Favorably to Trailing Credit Loss The trailing 12-month balance sheet loss figure declined to 5.9% in Q3 Source: BHG Internal data (1) Credit loss represents delinquent loans that BHG brought back from bank partners. (2) Prepayment loss represents writing off unamortized premium from gain on sale premium related to loans sold to bank partners. (3) Reserves that BHG creates on balance sheet against anticipated losses on account of delinquency or pre-payment related to loans sold to bank partners. Legally BHG is not obligated to purchase delinquent loans from banks. Reserves and Losses for Off B/S Loans (TTM) Reserves and Losses of On B/S Loans (TTM) (3)(1) (2) • Trailing 12-month losses for off-balance sheet loans total 7.7% including the impact of loans where borrower elects to prepay. The Q3 reserve balance for estimated loan substitutions and prepayments totaled 7.9%. • BHG’s reserve for on-balance sheet loans increased to 11.2% in Q3. The trailing 12- month actual experienced loss declined quarter over quarter ; however, given new balance placements BHG is reserving for future loss. • Delinquency rates continue to trend favorably as 2024 originations demonstrate improved credit results. 0% 1% 2% 3% 4% 5% January April July October January April July October January April July October January April July October January April July 2021 2022 2023 2024 2025 BHG 30 Days PD Trend Total Delinquency Commercial Loans Consumer Loans $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Loan Balances on/off Balance Sheet (in MM) On Balance Sheet Off Balance Sheet 4.2% 4.9% 5.2% 5.5% 5.3% 1.5% 1.7% 1.9% 2.2% 2.4% 6.2% 7.1% 7.5% 7.8% 7.9% 0.0% 4.0% 8.0% 12.0% 3Q24 4Q24 1Q25 2Q25 3Q25 Credit Loss % Prepayment Loss % Estimated Subs & Prepays as % of Loans in bank network 7.4% 7.3% 6.8% 6.3% 5.9% 9.1% 9.3% 9.3% 10.5% 11.2% 0.00% 4.00% 8.00% 12.00% 3Q24 4Q24 1Q25 2Q25 3Q25 TTM Net Charge Offs to Avg. Loans HFI CECL Allowance to Loans HFI 55
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BHG has Increased Focus on Higher FICO Originations Over 80% of 2025 Originations were originated to FICO scores of 700+ • BHG continues to refine and tighten its credit underwriting: • Losses in certain risk classes, particularly the lower credit tranches of loans made post- COVID (2021 and 2022), exceeded acceptable internal tolerances prompting more conservative underwriting standards by BHG beginning in 2023. • More recent vintages are performing more in line with lower credit loss expectations • Historical credit analysis indicates that approximately 70% of losses occur within the first 36 months of origination. Cumulative Net Loss CurvesFICO Mix $456 $610 $711 $873 $1,449 $1,785 $2,808 $4,145 $3,936 Originations ($ mm) Source: BHG Internal Data $3,705 $4,433 0% 20% 40% 60% 80% 100% 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 <650 650-699 700-749 750-799 >800 56
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BHG Credit Quality Continues to Impress Sophisticated credit scoring models produce impressive results BHG Has Diverse, Growing Funding Channels Proactive management of placement channels continues to provide flexibility to BHG’s platform Off B/S Revolving facilities Loan Sale Auction Platform Bank Warehouses Private Whole Loan Sale Secured Borrowing Term ABS Deals (Public) 3 Warehouse facilities with large banks, providing up to $750mm in funding capacity, with $0 utilization as of Sept 30, 2025. $3.8B+ in notes issued through 11 transactions over 5 years. Over $2.6B in cumulative secured borrowing placements to date. BHG and investor share in credit losses under pre-determined split. Term Loans Working Capital Line Over 1,695 banks in network. 782 unique banks acquired BHG loans over the past 12 months, with $2.3B sold. 3Q25 sales equal $561M $1.6B over the last 12 months $541M in 3Q25 $650mm revolving line of credit to fund near-term cash needs for new loans – 7 banks in facility ($275mm utilized as of Sept 30, 2025). Source: BHG Internal Data Passthrough/4a2 First Deal of the “BOLT” shelf was closed in July 2025 for $125M. 57
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BHG Financials Source: BHG Internal Data, unaudited. ($'s in thousands) 3Q 2025 2Q 2025 1Q 2025 Interest Income 145,836$ 136,144$ 134,494$ Interest Expense 43,021 41,600 40,642 Provision for Loan Losses 93,226 50,850 42,623 Net Interest Income After Provision for Loan Losses 9,589 43,694 51,229 Gains on Loan Sales & Origination Fees 187,739 113,601 95,014 Other Income 37,736 20,392 11,155 Total Net Revenues 235,064 177,687 157,398 Gross Revenues 371,311 270,137 240,663 Salary and Benefits 68,181 57,882 51,490 Marketing Expenses 19,159 17,518 19,139 Portfolio Expenses 12,033 12,075 10,995 Other Expenses 42,330 38,788 31,628 Total Operating Expenses 141,703 126,263 113,252 Net Earnings 93,361$ 51,424$ 44,146$ Profitability Statistics Earnings to Gross Revenues 25.14% 19.04% 18.34% Portfolio Mgmt Expense to Gross Revenues 39.93% 38.69% 39.17% Operating Expenses to Gross Revenues 34.92% 42.27% 42.49% ($'s in thousands) At Sept 30, 2025 At Jun 30, 2025 At Mar 31, 2025 Cash and Cash Equivalents 715,888 592,500 762,815 Loans Held for Investment 3,000,875 2,664,514 2,655,603 Allowance for Loan Losses (336,130) (279,136) (245,009) Loans Held for Sale 313,917 484,730 505,530 Premises and Equipment 66,361 67,679 72,932 Other Assets 299,086 294,386 273,696 Total Assets 4,059,997$ 3,824,673$ 4,025,567$ Estimated loan substitutions & prepayments 643,954 624,392 577,503 Secured Borrowings 2,385,375 2,083,777 2,285,533 Notes Payable 275,000 375,000 375,000 Borrower Reimbursable Fee 137,248 144,472 150,842 Other Liabilities 170,351 176,690 110,941 3,611,928$ 3,404,331$ 3,499,819$ Equity 448,068 420,342 525,748 Total Liabilities & Stockholders Equity 4,059,997$ 3,824,673$ 4,025,567$ Outstanding Loans purchased by Community Banks 8,134,909 7,968,139 7,715,700 Soundness Statistics: Cash to Assets 17.63% 15.49% 18.95% Equity to Assets 11.04% 10.99% 13.06% Est. loan subs & prepays as % of Loans at Other Banks 7.92% 7.84% 7.48% Allowance to Loans Held for Investment 11.20% 10.48% 9.23% Total Reserves against Total Outstanding 8.80% 8.50% 7.93% Total Liabilities 58
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Reconciliation of Non-GAAP Financial Measures 59
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Reconciliation of Non-GAAP Financial Measures 60
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2025 Peer Group 61 Institution Name Ticker City, State Pinnacle Financial Partners, Inc. PNFP Nashville, TN Associated Banc-corp ASB Green Bay, WI Bank OZK OZK Little Rock, AR Bank United Inc. BKU Houston, TX BOK Financial Corp. BOKF Tulsa, OK Cadence Bank CADE Tupelo, MS Comerica Inc. CMA Dallas, TX Commerce Bancshares, Inc. CBSH Kansas City, MO Cullen/Frost Bankers, Inc. CFR San Antonio, TX F.N.B. Corporation FNB Pittsburgh, PA First Horizon Corp. FHN Memphis, TN Fulton Financial Corporation FULT Lancaster, PA Hancock Whitney Corporation HWC Gulfport, MS Prosperity Bancshares, Inc. PB Houston, TX Simmons First National Corporation SFNC Pine Bluff, AR South State Corporation SSB Winter Haven, FL Synovus Financial Corp. SNV Columbus, GA UMB Financial Corporation UMBF Kansas City, MO United Bankshares Inc. UBSI Charleston, WV Valley National Bancorp VLY New York, NY Wintrust Financial Corporation WTFC Rosemont, IL Zions Bancorp. NA ZION Salt Lake City, UT
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Investor Call THIRD QUARTER 2025 M. TERRY TURNER, PRESIDENT AND CEO HAROLD R. CARPENTER, EVP AND CFO 62