Earnings release
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Exhibit 99.1 Media Contact Investor Contact Joe Bass Samantha W. Tyagi 615-743-8219 404-364-2715 joe.bass@pnfp.com samantha.tyagi@synovus.com Pinnacle Financial Partners announces earnings for third quarter 2026 Diluted earnings per share of $2.40 versus $2.19 in 3Q25 Adjusted diluted earnings per share of $2.69 versus $2.27 in 3Q25 ATLANTA, Oct. 21, 2026 - Pinnacle Financial Partners, Inc. (NYSE: PNFP) today reported financial results for the quarter ended Sept. 30, 2026. Net income available to common shareholders was $364 million, or $2.40 per diluted share in third quarter 2026. Excluding merger-related expenses, investment securities losses and certain other items, adjusted net income available to common shareholders was $409 million, or $2.69 per diluted share. “Three quarters into our first year as a combined company, the pattern that built Pinnacle is intact: consistent, repeatable performance, quarter after quarter. The merger changed our size, not how we perform. Strong loan and deposit growth and outsized growth in fee income have driven double-digit diluted EPS growth year over year. And we did it while building capital and keeping credit sound. Retention and recruiting are both ahead of plan, and clients remain loyal and committed to doing more business with us. We plan to close 2026 building on that pattern of performance,” said Pinnacle President and CEO Kevin Blair. Third Quarter 2026 Performance • The merger of Pinnacle Financial Partners, Inc. (“Pinnacle” or “legacy Pinnacle”) and Synovus Financial Corp. (“Synovus”) closed on Jan. 1, 2026. Reported results for Pinnacle reflect the combined organization in third quarter 2026 and second quarter 2026 and legacy Pinnacle in prior periods, unless stated otherwise. Year-over-year comparisons are significantly impacted by the merger given the magnitude of the acquired balance sheet and the effect of purchase accounting. Prior periods’ consolidated financial statements are reclassified whenever necessary to conform to the current periods’ presentation.
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• Our hiring efforts remain very successful and consistent. Pinnacle added 96 experienced revenue producers during the third quarter, compared to 74 in second quarter 2026. This brings our year-to-date total to 222. • Period-end loans were $89.8 billion at Sept. 30, 2026, up $1.7 billion or 2% from the prior quarter. The majority of the loan growth was in commercial and industrial credits and was diverse by geography and supported by specialty lending. • Period-end deposits were $103 billion, up $2.1 billion or 2% from the prior quarter. Third quarter deposit growth reflects Pinnacle’s historical seasonal growth pattern. • Net interest income grew 3% to $986 million in third quarter 2026. On a linked-quarter basis, the net margin declined 4 basis points to 3.40%, driven primarily by increasing deposit costs and the ongoing, wholesale-funded liquidity build, partially offset by rising securities and loan yields. • Non-interest revenue was $326 million and adjusted non-interest revenue was $323 million in third quarter 2026. Linked-quarter adjusted non-interest revenue increased $53 million from the second quarter, driven by an increase in income from our equity-method investment in BHG, which was the result of higher production, and by a $23 million gain associated with the payoff of an equipment lease during the quarter. • Non-interest expense was $749 million in third quarter 2026. Excluding merger-related expense and certain other items, adjusted non-interest expense was $690 million, up 4% on a linked-quarter basis, with increased employment expense primarily driven by a true-up to the annual incentive accrual for revenue and EPS growth, and accelerated revenue producer hiring. The efficiency ratio-TE was 56.6% in third quarter 2026, while the adjusted tangible efficiency ratio was 48.9%. • Credit performance remained strong. The non-performing asset ratio was flat at 0.50% for the quarter compared to the prior quarter. The third quarter 2026 net charge-off ratio was 0.23%, which was in line with expectations and compares to 0.22% in the second quarter. Provision for credit losses was $86 million in third quarter 2026. The allowance for credit losses ratio (to loans) was 1.19%, while the allowance for credit losses coverage of non-performing loans was 245.78%. The change in the allowance quarter-over-quarter was driven largely by a more adverse macroeconomic outlook and continued loan growth. • The preliminary Common Equity Tier 1 (CET1) ratio ended third quarter 2026 at 10.01%, up from 9.93% in the second quarter.
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Third Quarter 2026 Summary Reported Adjusted (dollars in millions) 3Q26 2Q26 3Q25 3Q26 2Q26 3Q25 Net income available to commonshareholders $ 364 $ 313 $ 169 $ 409 $ 379 $ 175 Diluted earnings per share 2.40 2.07 2.19 2.69 2.50 2.27 Total revenue 1,312 1,203 544 1,318 1,238 559 Total loans 89,808 88,076 37,933 NA NA NA Total deposits 103,036 100,898 45,732 NA NA NA Return on avg assets 1.18 % 1.06 % 1.24 % 1.32 % 1.27 % 1.29 % Return on avg common equity 10.28 9.01 10.33 11.50 10.90 10.68 Return on avg tangible commonequity 16.54 14.89 14.58 18.34 17.70 15.07 Net interest margin 3.40 3.44 3.26 NA NA NA Efficiency ratio-TE 56.6 59.4 54.1 48.9 49.8 52.5 NCO ratio-QTD 0.23 0.22 0.18 NA NA NA NPA ratio 0.50 0.50 0.41 NA NA NA CET1 ratio 10.01 9.93 10.83 NA NA NA Annualized Taxable equivalent Adjusted tangible efficiency ratio Current period ratio preliminary NA - not applicable Balance Sheet Loans (dollars in millions) 3Q26 2Q26 Linked QuarterChange Linked Quarter %Change Commercial & industrial $ 52,063 $ 51,115 $ 948 2 % Commercial real estate 24,037 23,595 442 2 Consumer 13,708 13,366 342 3 Total loans $ 89,808 $ 88,076 $ 1,732 2 % Amounts may not total due to rounding. Deposits (dollars in millions) 3Q26 2Q26 LinkedQuarterChange LinkedQuarter %Change 3Q25 Year/YearChange Year/Year %Change Non-interest-bearing DDA $ 20,912 $ 20,657 $ 255 1 % $ 8,958 $ 11,954 133 % Interest-bearing DDA 29,728 28,708 1,020 4 15,032 14,696 98 Money market 36,961 36,343 618 2 16,301 20,660 127 Savings 1,781 1,784 (3) — 797 984 123 Time deposits 13,654 13,406 248 2 4,644 9,010 194 Total deposits $ 103,036 $ 100,898 $ 2,138 2 % $ 45,732 $ 57,304 125 % Amounts may not total due to rounding and prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation. (1) (1) (1) (2) (2)(3) (4) (1) (2) (3) (4) * * * *
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Income Statement Summary (in millions, except per share data,share count in thousands) 3Q26 2Q26 LinkedQuarterChange LinkedQuarter %Change 3Q25 Year/YearChange Year/Year %Change Net interest income $ 986 $ 956 $ 30 3 % $ 397 $ 589 148 % Non-interest revenue 326 247 79 32 147 179 122 Non-interest expense 749 721 28 4 303 446 147 Provision for (reversal of) creditlosses 86 63 23 36 32 54 168 Income before taxes $ 477 $ 419 $ 58 14 $ 209 $ 269 129 Income tax expense (benefit) 98 91 7 7 36 62 168 Net income 379 328 51 16 173 206 119 Less: Preferred stock dividends 15 15 — — 4 11 292 Net income available to commonshareholders $ 364 $ 313 $ 51 16 % $ 169 $ 195 116% Weighted average common sharesoutstanding, diluted 151,718 151,468 250 — % 77,310 74,408 96 % Diluted earnings per share $ 2.40 $ 2.07 $ 0.33 16 $ 2.19 $ 0.21 10 Adjusted diluted earnings per share 2.69 2.50 0.19 8 2.27 0.42 19 Effective tax rate 20.5% 21.7% 17.2% Amounts may not total due to rounding and changes are calculated using unrounded amounts and may differ from calculations based on rounded figures. Additionally, prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation. ** **
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Third Quarter 2026 Earnings Webcast and Conference Call Pinnacle will host a conference call and webcast to discuss third quarter 2026 earnings results with an accompanying slide presentation at 8 a.m. ET on Oct. 22, 2026. Shareholders and other interested parties may listen to this conference call via simultaneous internet broadcast at investors.pnfp.com/events-presentations. Participants may also access the conference call at 888-506-0062 using the code 461090. The replay will be archived for at least 12 months and will be available approximately one hour after the call. Pinnacle Financial Partners, Inc. (“Pinnacle”) is a $130.7 billion asset regional bank which provides a full range of banking, investment, trust, mortgage and insurance products and services for commercial and consumer clients who want a comprehensive relationship with their financial institution. The firm joined forces with Synovus on Jan. 1, 2026, bringing together more than 160 years of combined banking service. Pinnacle is the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia. The firm is No. 1 in deposit market share in the Nashville MSA and No. 4 in the Atlanta MSA with offices in Tennessee, Georgia, Florida, North Carolina, South Carolina, Alabama, Kentucky, Virginia and Maryland (as of June 30, 2026, according to FDIC data). Pinnacle is an employer of choice for financial services professionals. The firm is No. 12 in FORTUNE magazine’s 2026 list of 100 Best Companies to Work For® in the U.S., its tenth consecutive appearance. Pinnacle was also recognized by American Banker as No. 4 among America’s Best Banks to Work For in 2025, its 13th consecutive year on the list, and No. 1 among banks with more than $10 billion in assets.
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Forward-Looking Statements This press release and certain of our other filings with the Securities and Exchange Commission contain statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. You can identify these forward- looking statements through Pinnacle’s use of words such as “believes,” “anticipates,” “expects,” “may,” “will,” “assumes,” “should,” “predicts,” “could,” “would,” “intends,” “targets,” “estimates,” “projects,” “plans,” “potential” and other similar words and expressions of the future or otherwise regarding the outlook for Pinnacle’s future business and financial performance and/or the performance of the banking industry and economy in general. These forward-looking statements include, among others, our expectations regarding the anticipated benefits and risks related to the recently-completed business combination with Synovus Financial Corp., our future operating and financial performance; expectations on our intended strategies, initiatives, and other operational and execution goals; expectations on credit quality and performance; and the assumptions underlying our expectations. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Pinnacle to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Pinnacle’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward- looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Many of these factors are beyond Pinnacle’s ability to control or predict. These forward-looking statements are based upon information presently known to management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Pinnacle's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2025, under the captions “Cautionary Notice Regarding Forward-Looking Statements” and “Risk Factors” and in Pinnacle's quarterly reports on Form 10- Q, current reports on Form 8-K and other filings and reports filed with the Securities and Exchange Commission. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law.
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PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME – UNAUDITED INCOME STATEMENT DATA Nine Months Ended September 30, (In millions, except per share data, share count in thousands) 2026 2025 '26 vs '25 % Change Interest income $ 4,721 $ 2,086 126 % Interest expense 1,846 943 96 Net interest income 2,875 1,143 152 Provision for (reversal of) credit losses 224 73 207 Net interest income after provision for credit losses 2,651 1,070 148 Non-interest revenue: Core banking fees 280 98 186 Wealth management revenue 257 103 149 Income from equity method investment 103 87 19 Capital markets income 53 11 408 Income from bank-owned life insurance 60 35 69 Investment securities gains (losses), net (27) (13) (114) Total loan sales and servicing 27 17 58 Other non-interest revenue 104 31 238 Total non-interest revenue 857 369 132 Non-interest expense: Salaries and other personnel expense 1,172 537 118 Net occupancy, equipment, and software expense 300 131 128 Amortization of intangibles 140 4 nm FDIC insurance and other regulatory fees 63 30 112 Merger-related expense 382 8 nm Other operating expenses 366 154 138 Total non-interest expense 2,423 864 180 Income before income taxes 1,085 575 89 Income tax expense 228 102 123 Net income 857 473 81 Less: Preferred stock dividends 45 12 259 Net income available to common shareholders $ 812 $ 461 76 % Net income per common share, basic $ 5.38 $ 6.00 (10) % Net income per common share, diluted 5.36 5.96 (10) Cash dividends declared per common share 1.50 0.72 108 Return on average assets * 0.92 % 1.17 % (25) bps Return on average common equity * 7.79 9.63 nm Weighted average common shares outstanding, basic 151,072 76,841 97 % Weighted average common shares outstanding, diluted 151,553 77,243 96 nm - not meaningful bps - basis points * - ratios are annualized Amounts may not total due to rounding and percentage changes are calculated using unrounded amounts and may differ from calculations based on rounded figures. Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.
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PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME – UNAUDITED INCOME STATEMENT DATA 2026 2025 Third Quarter (In millions, except per share data, share count in thousands) Third Quarter SecondQuarter ThirdQuarter '26 vs '25 % Change Interest income $ 1,639 $ 1,568 $ 722 127 % Interest expense 653 612 325 101 Net interest income 986 956 397 148 Provision for (reversal of) credit losses 86 63 32 168 Net interest income after provision for credit losses 900 893 365 147 Non-interest revenue: Core banking fees 96 93 34 185 Wealth management revenue 88 85 38 130 Income from equity method investment 48 24 41 19 Capital markets income 17 18 4 300 Total loan sales and servicing 8 9 5 39 Income from bank-owned life insurance 21 19 12 69 Investment securities gains (losses), net (1) (29) — nm Other non-interest revenue 49 28 13 277 Total non-interest revenue 326 247 147 122 Non-interest expense: Salaries and other personnel expense 398 378 185 115 Net occupancy, equipment, and software expense 101 102 45 124 Amortization of intangibles 46 46 2 nm FDIC insurance and other regulatory fees 20 20 11 76 Merger-related expense 56 51 8 nm Other operating expenses 128 124 52 146 Total non-interest expense 749 721 303 147 Income before income taxes 477 419 209 129 Income tax expense 98 91 36 168 Net income 379 328 173 119 Less: Preferred stock dividends 15 15 4 292 Net income available to common shareholders $ 364 $ 313 $ 169 116 % Per share information: Net income per common share, basic $ 2.41 $ 2.07 $ 2.20 10 % Net income per common share, diluted 2.40 2.07 2.19 10 Cash dividends declared per common share 0.50 0.50 0.24 108 Return on average assets * 1.18 % 1.06 % 1.24 % (6) bps Return on average common equity * 10.28 9.01 10.33 (5) bps Weighted average common shares outstanding, basic 151,113 151,104 76,904 96 % Weighted average common shares outstanding, diluted 151,718 151,468 77,310 96 nm - not meaningful bps - basis points * - ratios are annualized Amounts may not total due to rounding and percentage changes are calculated using unrounded amounts and may differ from calculations based on rounded figures. Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.
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PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED September 30,2026 December 31,2025 September 30,2025 (In millions) ASSETS Cash and due from banks $ 545 $ 359 $ 303 Federal funds sold, securities purchased under resale agreements, and interestearning deposits with banks 6,676 3,206 2,962 Cash, cash equivalents, and restricted cash 7,221 3,565 3,265 Investment securities held to maturity, net 2,380 2,591 2,645 Investment securities available for sale 18,190 6,567 6,412 Loans held for sale (includes $28 million at fair value as of Sep 30, 2026) 686 97 175 Loans, net of deferred fees and costs 89,808 39,154 37,933 Allowance for loan losses (986) (442) (434) Loans, net 88,822 38,712 37,499 Premises, equipment, and software, net 895 352 350 Cash surrender value of bank-owned life insurance 2,218 1,223 1,211 Goodwill 3,484 1,849 1,849 Core deposits and other intangible assets, net 999 30 18 Other assets 5,790 2,720 2,540 Total assets $ 130,685 $ 57,706 $ 55,964 LIABILITIES AND EQUITY Liabilities: Deposits: Non-interest-bearing deposits $ 20,912 $ 9,051 $ 8,958 Interest-bearing deposits 82,124 38,350 36,774 Total deposits 103,036 47,401 45,732 Federal funds purchased and securities sold under repurchase agreements 586 316 326 FHLB advances and other borrowings 9,985 2,205 2,203 Other liabilities 2,468 740 847 Total liabilities 116,075 50,662 49,108 Equity: Shareholders' equity: Preferred stock — no par value per share, liquidation preference 225 millionnon-cumulative perpetual preferred stock Authorized — 110 million shares at Sep 30, 2026 and 10 million shares atboth Dec 31, 2025 and Sep 30, 2025 Issued and outstanding — 22 million shares at Sep 30, 2026, and225,000 shares at both Dec 31, 2025 and Sep 30, 2025 781 217 217 Common stock — $1.00 par value Authorized — 360 million shares at Sep 30, 2026 and 180 million sharesauthorized at both Dec 31, 2025 and Sep 30, 2025 Issued and outstanding — 151 million shares at Sep 30, 2026 and 78million shares at both Dec 31, 2025 and Sep 30, 2025 151 78 78 Additional paid-in capital 10,138 3,144 3,141 Accumulated other comprehensive income (loss), net (771) (123) (160) Retained earnings 4,311 3,728 3,580 Total equity 14,610 7,044 6,856 Total liabilities and equity $ 130,685 $ 57,706 $ 55,964 Amounts may not total due to rounding. Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.
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PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES AVERAGE BALANCES, INTEREST, AND YIELDS/RATES (Unaudited) Third Quarter 2026 Third Quarter 2025 (Dollars in millions) AverageBalance Interest Yield/ Rate AverageBalance Interest Yield/ Rate Assets Interest earning assets: Loans, net of deferred fees and costs $ 88,652 $ 1,366 6.12 % $ 37,693 $ 599 6.29 % Tax-exempt securities 2,108 19 3.79 3,348 33 3.92 Taxable securities 19,310 209 4.33 5,678 67 4.69 Interest-earning deposits with banks 4,780 43 3.57 3,021 33 4.35 Federal funds sold and securities purchased under resale agreements 88 1 3.98 83 2 9.35 Other earning assets 1,229 10 3.16 256 3 4.97 Total interest earning assets 116,167 1,648 5.63 50,079 737 5.83 Goodwill 3,487 1,849 Core deposits and other intangible assets, net 1,019 19 Other assets 6,831 3,267 Total assets $ 127,504 $ 55,214 Liabilities and Equity Interest-bearing liabilities: Interest-bearing demand deposits $ 29,252 $ 184 2.50 % $ 14,612 $ 119 3.23 % Money market accounts 36,904 259 2.78 16,404 128 3.10 Savings deposits 1,791 1 0.33 798 1 0.56 Time deposits 13,434 117 3.45 4,792 46 3.78 Total interest-bearing deposits 81,381 561 2.74 36,606 294 3.19 Federal funds purchased and securities sold under repurchaseagreements 351 2 1.71 287 2 1.96 FHLB advances and other borrowings 7,633 90 4.73 2,208 29 5.19 Total interest-bearing liabilities 89,365 653 2.90 39,101 325 3.29 Non-interest-bearing demand deposits 20,949 8,873 Other liabilities 2,319 518 Total equity 14,871 6,722 Total liabilities and equity $ 127,504 $ 55,214 Net interest income and net interest margin, taxable equivalent $ 995 3.40 % $ 412 3.26 % Less: taxable-equivalent adjustment 9 15 Net interest income $ 986 $ 397 Average loans are shown net of unearned income. NPLs are included. Interest income includes fees as follows: Third Quarter 2026 — $19 million, and Third Quarter 2025 — $11 million. Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans and securities to a taxable-equivalent basis. Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly. Includes loans held for sale, trading account assets, and FHLB and Federal Reserve Bank Stock. As a result of the merger, during the first quarter 2026, certain immaterial changes were made to integrate the presentation of the legacy banks' yield on investment securities, which included presenting average unrealized losses on investment securities available for sale of $(408) million as a component of other assets for the Third Quarter 2026. The net interest margin is calculated by dividing annualized net interest income-taxable equivalent (TE) by average total interest earning assets. Amounts may not total due to rounding and yield/rates are calculated using unrounded amounts and may differ from calculations based on rounded figures. (1)(2) (2)(3) (3) (4) (5) (2)(6) (1) (2) (3) (4) (5) (6)
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PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES AVERAGE BALANCES, INTEREST, AND YIELDS/RATES (Unaudited) Nine Months Ended September 30, 2026 2025 (Dollars in millions) AverageBalance Interest Yield/ Rate AverageBalance Interest Yield/ Rate Assets Interest earning assets: Loans, net of deferred fees and costs $ 86,268 $ 3,950 6.12 % $ 36,907 $ 1,733 6.27 % Tax-exempt securities 2,658 78 3.96 3,319 95 3.85 Taxable securities 17,636 567 4.28 5,580 196 4.70 Interest-earning deposits with banks 4,991 131 3.52 2,732 88 4.33 Federal funds sold and securities purchased under resale agreements 121 5 5.24 73 6 10.45 Other earning assets 948 25 3.54 254 9 5.07 Total interest earning assets 112,622 $ 4,756 5.65 % 48,865 $ 2,127 5.82 % Goodwill 3,522 1,849 Core deposits and other intangible assets, net 1,055 20 Other assets 7,142 3,131 Total assets $ 124,341 $ 53,865 Liabilities and Equity Interest-bearing liabilities: Interest-bearing demand deposits $ 29,756 $ 558 2.51 % $ 14,324 $ 345 3.23 % Money market accounts 34,905 702 2.69 15,993 370 3.09 Savings deposits 1,810 5 0.36 798 3 0.48 Time deposits 13,488 351 3.48 4,613 134 3.88 Total interest-bearing deposits 79,959 1,616 2.70 35,728 852 3.19 Federal funds purchased and securities sold under repurchase agreements 346 4 1.57 258 4 1.90 FHLB advances and other borrowings 6,298 226 4.81 2,260 87 5.18 Total interest-bearing liabilities 86,603 1,846 2.85 38,246 943 3.30 Non-interest-bearing demand deposits 20,638 8,525 Other liabilities 2,372 480 Total equity 14,728 6,614 Total liabilities and equity $ 124,341 $ 53,865 Net interest income and net interest margin, taxable equivalent $ 2,910 3.45 % $ 1,184 3.24 % Less: taxable-equivalent adjustment 35 41 Net interest income $ 2,875 $ 1,143 Average loans are shown net of unearned income. NPLs are included. Interest income includes fees as follows: 2026 — $56 million and 2025 — $31 million. Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans and securities to a taxable-equivalent basis. Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly. Includes loans held for sale, trading account assets, and FHLB and Federal Reserve Bank Stock. As a result of the merger, during the first quarter 2026, certain immaterial changes were made to integrate the presentation of the legacy banks' yield on investment securities, which included presenting average unrealized losses on investment securities available for sale of $(258) million as a component of other assets during 2026. The net interest margin is calculated by dividing annualized net interest income-taxable equivalent (TE) by average total interest earning assets. Amounts may not total due to rounding and yield/rates are calculated using unrounded amounts and may differ from calculations based on rounded figures. (1)(2) (2)(3) (3) (4) (5) (2)(6) (1) (2) (3) (4) (5) (6)
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PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES LOANS OUTSTANDING BY TYPE (Unaudited) Total Loans Total Loans Linked Quarter(Dollars in millions) Loan Type September 30, 2026 June 30, 2026 % Change Commercial, Financial, and Agricultural $ 37,456 $ 36,676 2 % Owner-Occupied 14,607 14,439 1 Total Commercial & Industrial 52,063 51,115 2 Multi-Family 6,433 6,592 (2) Hotels 2,487 2,528 (2) Office Buildings 2,565 2,684 (4) Retail 3,861 3,658 6 Warehouse/Industrial 3,402 3,294 3 Other Investment Property 2,316 1,991 16 Total Investment Properties 21,064 20,747 2 1-4 Family Construction 817 772 6 1-4 Family Investment Mortgage 1,178 1,145 3 Total 1-4 Family Properties 1,995 1,917 4 Commercial Development 292 271 8 Residential Development 258 255 1 Land Acquisition 428 405 6 Land and Development 978 931 5 Total Commercial Real Estate 24,037 23,595 2 Consumer Mortgages 8,701 8,459 3 Home Equity 3,001 3,002 — Credit Cards 252 236 7 Other Consumer Loans 1,754 1,669 5 Total Consumer 13,708 13,366 3 Total $ 89,808 $ 88,076 2 % NON-PERFORMING LOANS COMPOSITION (Unaudited) TotalNon-performing Loans TotalNon-performing LoansLinked Quarter (Dollars in millions) Loan Type September 30, 2026 June 30, 2026 % Change Commercial, Financial, and Agricultural $ 162 $ 138 17 % Owner-Occupied 48 69 (30) Total Commercial & Industrial 210 207 1 Multi-Family 27 35 (23) Office Buildings 38 35 9 Shopping Centers — 2 (100) Warehouses 2 — nm Other Investment Property 55 50 10 Total Investment Properties 122 122 — 1-4 Family Construction — 1 (100) 1-4 Family Investment Mortgage 4 1 300 Total 1-4 Family Properties 4 2 100 Land and Development — — nm Total Commercial Real Estate 126 124 2 Consumer Mortgages 72 64 13 Home Equity 19 16 19 Other Consumer Loans 6 4 50 Total Consumer 97 84 15 Total $ 433 $ 415 4 % nm - not meaningful Amounts may not total due to rounding. Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.
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PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES CREDIT QUALITY DATA (Unaudited) (Dollars in millions) 2026 2025 Third Quarter Third Second Third '26 vs '25 Quarter Quarter Quarter % Change Non-performing Loans (NPLs) $ 433 $ 415 $ 150 189 % Other Real Estate and Other Assets 17 29 5 240 Non-performing Assets (NPAs) 450 444 155 190 Allowance for Loan Losses (ALL) 986 956 434 127 Reserve for Unfunded Commitments 79 73 16 394 Allowance for Credit Losses (ACL) 1,065 1,029 450 137 Net Charge-Offs - Quarter 50 48 17 Net Charge-Offs - YTD 147 97 50 Net Charge-Offs / Average Loans - Quarter 0.23 % 0.22 0.18 Net Charge-Offs / Average Loans - YTD 0.23 0.23 0.18 NPLs / Loans 0.48 0.47 0.39 NPAs / Loans, ORE and specific other assets 0.50 0.50 0.41 ACL/Loans 1.19 1.17 1.19 ALL/Loans 1.10 1.09 1.15 ACL/NPLs 245.78 248.18 301.03 ALL/NPLs 227.43 230.52 290.25 Past Due Loans over 90 days and Still Accruing $ 8 $ 9 $ 3 167 As a Percentage of Loans Outstanding 0.01 % 0.01 % 0.01 % Total Past Due Loans and Still Accruing $ 130 $ 127 $ 65 100 As a Percentage of Loans Outstanding 0.14 % 0.14 % 0.17 % Ratio is annualized. Amounts may not total due to rounding. SELECTED CAPITAL INFORMATION (Unaudited) (Dollars in millions) September 30,2026 December 31,2025 Common Equity Tier 1 Capital Ratio 10.01 % 10.88 % Tier 1 Capital Ratio 10.77 11.34 Total Risk-Based Capital Ratio 12.22 12.97 Tier 1 Leverage Ratio 8.98 9.57 Total Equity as a Percentage of Total Assets 11.18 12.21 Tangible Common Equity Ratio 7.41 8.86 Book Value Per Common Share $ 91.52 $ 87.90 Tangible Book Value Per Common Share $ 61.86 $ 63.71 Current quarter regulatory capital information is preliminary. See "Non-GAAP Financial Measures" for applicable reconciliation. Book Value Per Common Share consists of Total Equity less Preferred Stock divided by total common shares outstanding. Tangible Book Value Per Common Share consists of Total Equity less Preferred Stock and less the carrying value of goodwill and other intangible assets divided by totalcommon shares outstanding. (1) (1) (1) (1) (2) (3) (4) (1) (2) (3) (4)
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Non-GAAP Financial Measures The measures entitled adjusted non-interest revenue; adjusted non-interest expense; adjusted revenue taxable equivalent (TE); adjusted tangible efficiency ratio; adjusted pre-provision net revenue (PPNR); adjusted return on average assets; adjusted net income available to common shareholders; adjusted diluted earnings per share; adjusted return on average common equity; return on average tangible common equity; adjusted return on average tangible common equity; tangible common equity ratio; and tangible book value per common share are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The most comparable GAAP measures to these measures are total non-interest revenue; total non-interest expense; total revenue; efficiency ratio-TE; PPNR; return on average assets; net income available to common shareholders; diluted earnings per share; return on average common equity; the ratio of total shareholders' equity to total assets and book value per common share, respectively. Management believes that these non-GAAP financial measures provide meaningful additional information about Pinnacle to assist management and investors in evaluating its operating results, financial strength, the performance of its business, and the strength of its capital position. However, these non-GAAP financial measures have inherent limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP. The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Adjusted non-interest revenue and adjusted revenue (TE) are measures used by management to evaluate non-interest revenue exclusive of net investment securities gains (losses), fair value adjustments on non-qualified deferred compensation and other items not indicative of ongoing operations that could impact period-to-period comparisons. Adjusted non-interest expense and the adjusted tangible efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. Adjusted net income available to common shareholders, adjusted net income per common share, diluted, adjusted return on average assets and adjusted return on average common equity are measures used by management to evaluate operating results exclusive of items that are not indicative of ongoing operations and impact period-to-period comparisons. Adjusted PPNR is used by management to evaluate PPNR exclusive of items that management believes are not indicative of ongoing operations and impact period-to-period comparisons. Return on average tangible common equity and adjusted return on average tangible common equity are measures used by management to compare Pinnacle’s performance with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization, thereby allowing management to evaluate the performance of the business consistently. The tangible common equity ratio is used by stakeholders to assess our capital position. Tangible book value per common share is used by stakeholders to assess our financial stability and value. The computations of these measures are set forth in the tables below. Reconciliation of Non-GAAP Financial Measures (dollars in millions) 3Q26 2Q26 3Q25 Adjusted non-interest revenue Total non-interest revenue $ 326 $ 247 $ 147 Investment securities (gains) losses, net 1 29 — Gain on disposition of investment (4) — — Fair value adjustment on non-qualified deferred compensation — (6) — Adjusted non-interest revenue $ 323 $ 270 $ 147 Adjusted non-interest expense Total non-interest expense $ 749 $ 721 $ 303 Merger-related expense (56) (51) (8) Valuation adjustment to Visa derivative (3) (2) — Fair value adjustment on non-qualified deferred compensation — (6) — Adjusted non-interest expense $ 690 $ 662 $ 295
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Reconciliation of Non-GAAP Financial Measures, continued (dollars in millions) 3Q26 2Q26 3Q25 Adjusted revenue (TE) and tangible efficiency ratio Adjusted non-interest expense $ 690 $ 662 $ 295 Amortization of intangibles (46) (46) (2) Adjusted tangible non-interest expense $ 644 $ 616 $ 293 Net interest income $ 986 $ 956 $ 397 Tax equivalent adjustment 9 12 15 Net interest income (TE) 995 968 412 Net interest income $ 986 $ 956 $ 397 Total non-interest revenue 326 247 147 Total revenue $ 1,312 $ 1,203 $ 544 Tax equivalent adjustment 9 12 15 Total TE revenue 1,321 1,215 559 Gain on disposition of investment (4) — — Investment securities losses (gains), net 1 29 — Fair value adjustment on non-qualified deferred compensation — (6) — Adjusted revenue (TE) $ 1,318 $ 1,238 $ 559 Efficiency ratio-TE 56.6 % 59.4 % 54.1 % Adjusted tangible efficiency ratio 48.9 49.8 52.5 Adjusted pre-provision net revenue Net interest income $ 986 $ 956 $ 397 Total non-interest revenue 326 247 147 Total non-interest expense (749) (721) (303) Pre-provision net revenue (PPNR) $ 563 $ 482 $ 241 Adjusted revenue (TE) $ 1,318 $ 1,238 $ 559 Adjusted non-interest expense (690) (662) (295) Adjusted PPNR $ 628 $ 576 $ 264 Amounts have been calculated using whole dollar values and amounts may not total due to rounding. (1) (1) (1)
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Reconciliation of Non-GAAP Financial Measures, continued (In millions, except per share data, share count in thousands) 3Q26 2Q26 3Q25 Adjusted return on average assets (annualized) Net income $ 379 $ 328 $ 173 Gain on disposition of investment (4) — — Valuation adjustment to Visa derivative 3 2 — Investment securities losses (gains), net 1 29 — Merger-related expense 56 51 8 Tax effect of adjustments (11) (16) (2) Adjusted net income $ 424 $ 394 $ 179 Net income annualized $ 1,507 $ 1,316 $ 687 Adjusted net income annualized $ 1,679 $ 1,580 $ 710 Total average assets $ 127,504 $ 124,187 $ 55,214 Return on average assets (annualized) 1.18 % 1.06 % 1.24 % Adjusted return on average assets (annualized) 1.32 1.27 1.29 Adjusted net income available to common shareholders and adjusteddiluted earnings per share Net income available to common shareholders $ 364 $ 313 $ 169 Gain on disposition of investment (4) — — Valuation adjustment to Visa derivative 3 2 — Investment securities losses (gains), net 1 29 — Merger-related expense 56 51 8 Tax effect of adjustments (11) (16) (2) Adjusted net income available to common shareholders $ 409 $ 379 $ 175 Weighted average common shares outstanding, diluted 151,718 151,468 77,310 Diluted earnings per share $ 2.40 $ 2.07 $ 2.19 Adjusted diluted earnings per share 2.69 2.50 2.27 A portion of this item was non-taxable. A blended tax rate of 17.1% for the full fiscal year 2026 was applied to merger-related expense which takes into consideration the deductibility and non-deductibility ofcertain merger-related expense items for tax purposes and an assumed 24% marginal rate was applied to all other adjusted items for 2026. For 2025 an assumed marginal taxrate of 25% was applied. Amounts have been calculated using whole dollar values. Amounts may not total due to rounding (1) (2) (3) (3) (3) (3) (1) (2) (3) (3) (1) (2) (3)
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Reconciliation of Non-GAAP Financial Measures, continued (dollars in millions) 3Q26 2Q26 3Q25 Adjusted return on average common equity, return on average tangiblecommon equity, and adjusted return on average tangible common equity(annualized) Net income available to common shareholders $ 364 $ 313 $ 169 Gain on disposition of investment (4) — — Valuation adjustment to Visa derivative 3 2 — Investment securities losses (gains), net 1 29 — Merger-related expense 56 51 8 Tax effect of adjustments (11) (16) (2) Adjusted net income available to common shareholders $ 409 $ 379 $ 175 Adjusted net income available to common shareholders annualized $ 1,620 $ 1,520 $ 695 Amortization of intangibles, tax effected, annualized 137 142 4 Adjusted net income available to common shareholders excluding amortization ofintangibles annualized $ 1,757 $ 1,662 $ 699 Net income available to common shareholders annualized $ 1,448 $ 1,255 $ 672 Amortization of intangibles, tax effected, annualized 137 142 4 Net income available to common shareholders excluding amortization of intangiblesannualized $ 1,585 $ 1,397 $ 676 Total average shareholders' equity less preferred stock $ 14,090 $ 13,941 $ 6,505 Average goodwill (3,487) (3,479) (1,849) Average other intangible assets, net (1,019) (1,069) (19) Total average tangible shareholders' equity less preferred stock $ 9,584 $ 9,393 $ 4,637 Return on average common equity (annualized) 10.28 % 9.01 % 10.33 % Adjusted return on average common equity (annualized) 11.50 10.90 10.68 Return on average tangible common equity (annualized) 16.54 14.89 14.58 Adjusted return on average tangible common equity (annualized) 18.34 17.70 15.07 A portion of this item was non-taxable. A blended tax rate of 17.1% for the full fiscal year 2026 was applied to merger-related expense which takes into consideration the deductibility and non-deductibility ofcertain merger-related expense items for tax purposes and an assumed 24% marginal rate was applied to all other adjusted items for 2026. For 2025 an assumed marginal taxrate of 25% was applied. Amounts have been calculated using whole dollar values. Amounts may not total due to rounding. (1) (2) (3) (2)(3) (3) (3) (2) (3) (3) (3) (3) (3) (1) (2) (3)
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(In millions, except per share data, share count in thousands) September 30, 2026 December 31, 2025 September 30, 2025 Tangible common equity ratio Total assets $ 130,685 $ 57,706 $ 55,964 Goodwill (3,484) (1,849) (1,849) Core deposits and other intangible assets, net (999) (30) (18) Tangible assets $ 126,202 $ 55,827 $ 54,097 Total equity $ 14,610 $ 7,044 $ 6,856 Goodwill (3,484) (1,849) (1,849) Core deposits and other intangible assets, net (999) (30) (18) Preferred Stock, no par value (781) (217) (217) Tangible common equity $ 9,346 $ 4,948 $ 4,772 Total equity to total assets ratio 11.18 % 12.21 % 12.25 % Tangible common equity ratio 7.41 8.86 8.82 Tangible common equity $ 9,346 $ 4,948 $ 4,772 Common shares outstanding 151,115 77,662 77,558 Book value per common share $ 91.52 $ 87.90 $ 85.60 Tangible book value per common share $ 61.86 $ 63.71 $ 61.53 Amounts have been calculated using whole dollar values and may not total due to rounding. (1) (1) (1) (1) (1)