EarningsQ2 2026 Earnings Report
MX:PNFP Q2 2026 EPS Results
Actual EPS$45.74
Consensus EPS$44.97
Beat/MissBeat by +$0.77
One Year Ago EPS$36.59
MX:PNFP Q2 2026 Revenue Results
Actual Revenue$32.77B
Expected Revenue$22.65B
Beat/MissBeat by +$10.11B
YoY Revenue Growth+125.62%
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeAfter Close
Conference CallWednesday, July 22, 2026
MX:PNFP Upcoming Earnings
Pinnacle Financial Partners's next earnings date is estimated for October 21, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:PNFP Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple clear operating strengths — strong loan and deposit growth, double-digit year-to-date adjusted EPS growth, solid fee income momentum across core businesses, disciplined credit with improving NPAs, active talent recruiting and tangible progress on synergies — while acknowledging near-term margin pressure from market rates, liquidity repositioning and merger-related expenses. Management maintained full-year guidance, outlined specific drivers for H2 performance, and reiterated confidence in sustainable NII and earnings power as the merger integrates. The positive operating and capital proof points materially outweigh the manageable near-term headwinds highlighted.Company Guidance
Strong EPS and Earnings Accretion
Reported diluted EPS of $2.07 and adjusted diluted EPS of $2.50; adjusted EPS up 26% year-to-date versus prior year. Adjusted diluted EPS increased 5% versus the prior quarter and 25% versus Q2 2025. Management cites ~19% EPS accretion relative to stand-alone consensus year-to-date from the combination.
Robust Loan and Earning Asset Growth
Period-end loans grew $2.9 billion linked-quarter (roughly 14% annualized); earning assets rose 4% quarter-over-quarter (about 15% annualized). Year-to-date combined period-end loans increased 6% (12% annualized) excluding purchase accounting marks.
Net Interest Income Momentum
Net interest income was $956 million, up 2% quarter-over-quarter (10% annualized). Management expects steady quarter-on-quarter NII growth through 2026, with full-year NIM guidance at 3.44%–3.47%.
Deposit Franchise Momentum
Total deposits rose $795 million linked-quarter. Excluding public funds seasonality, core deposits grew $963 million (1%) in Q2. Management expects full-year deposit growth of 8%–10% and seasonal tailwinds of $1.5B–$2.0B in H2.
Fee Income and Core Client Revenue Strength
Fee income delivered double-digit year-to-date growth on a combined-firm basis. Core banking, wealth management and capital markets showed robust year-over-year and linked-quarter growth; capital markets and core banking contributed to revenue synergies.
Credit Quality Remains Strong
Net charge-offs were $48 million (22 basis points) in Q2, consistent with expectations. Nonperforming assets declined to 0.50% from 0.58% in Q1. Allowance for credit losses was 1.17% versus 1.19% at quarter-end March.
Capital Generation and CET1 Improvement
Preliminary Common Equity Tier 1 ratio increased 12 basis points to 9.93% quarter-over-quarter. Management expects continued capital accretion and is progressing toward a 10.25% CET1 target.
Recruiting, Retention and Talent Momentum
Added 74 experienced revenue producers in Q2 (up 48% vs Q1), 124 producers year-to-date with ~50% from core Synovus markets. Retention (excluding merger-related synergies) is 94% YTD. Momentum continued into July with another 34 accepted offers.
Integration and Liquidity Actions Executed
Repositioned approximately $1 billion of municipal securities into more liquid investments and issued $750 million of senior debt to diversify liquidity and funding; no material NII or CET1 impact reported from these actions.
Synergy Progress and Efficiency
Adjusted tangible efficiency ratio was 49.8% this quarter. Management remains on track for merger synergy targets (40% of expense synergies this year; 75% next year) and revenue synergy target (~$130M) with ~$10M recognized YTD toward an expected ~$20M this year.
MX:PNFP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed