NYSE$PNFP

Pinnacle Financial Partners Inc. · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Pinnacle Financial reported strong revenue and EPS growth in Q2 2025 driven by loan growth and expansion initiatives.

Pinnacle Financial delivered robust Q2 2025 results with higher EPS and revenue, driven by strong loan growth and expanding operations, including entry into Richmond, VA.

  • EPS rose to $2.00 with net income of $154.7M
  • Revenue surged to $505.0M, supported by loan growth
  • Loans grew 10.7% linked-quarter annualized to $37.1B
  • Expansion into Richmond, VA added new growth potential

Headline financials

Total Revenue

$505M

Previous: $367M+37.8%
EPS (adj)

$2.00

Previous: $1.63+22.7%
Efficiency Ratio

56.7%

Previous: 74.0%-23.4%
Net Interest Margin

3.2%

Previous: 3.1%+2.9%
Return on Avg Assets

1.1%

Previous: 0.4%+180.5%
Return on Avg Tangible Common Equity

13.8%

Previous: 4.9%+180.6%
Net Charge-offs / Avg Loans

0.2%

Previous: 0.3%-25.9%
Total Loans

$37.1B

Previous: $33.8B+9.9%
Total Deposits

$45B

Previous: $39.8B+13.1%
Net Income

$155M

Previous: $53.2M+191.1%
Operating Income

$194M

Previous: $65M+198.9%
Cash & Equivalents

$2.99B

Previous: $2.38B+25.7%
Total Assets

$54.8B

Previous: $49.4B+11.0%

Revenue & EPS history

Pinnacle Financial · Revenue · Quarterly

$505M

Q2 2025+37.8%vs Q2 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Pinnacle Financial · $49.4M total across 4 segments · Q2 2025

  • Investment Services
    $19.3M+22.9%
  • Service Charges
    $17.1M+17.4%
  • Trust Fees
    $9.28M+11.5%
  • Insurance Commissions
    $3.69M-0.6%

Forward guidance

Management expects continued loan growth, margin expansion, and benefits from expansion into new markets while remaining cautious about economic uncertainties.

Tailwinds

  • Expecting increased growth in commercial real estate lending
  • Strong recruiting momentum with 71 revenue producers hired YTD
  • Margin expansion expected to continue into Q3
  • Expansion into Richmond, VA to drive future growth
  • Noninterest income growth continues across key fee categories

Headwinds

  • Economic uncertainties could affect loan demand
  • Potential pressure on funding costs despite margin expansion
  • Commercial real estate concentration limits may restrict growth
  • Increased headcount driving higher salary and incentive expenses
  • Competitive hiring market may impact future recruitment costs

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.4%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.8%

Avg return

30 days after

60%

24 / 40 earnings

Positive

+6.1%

Q2 2020

Best reaction

-5.9%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.3%+0.1%-1.5%
Q4 2025-4.1%-6.3%-0.7%
Q3 2025-5.9%-1.8%-1.0%
Q2 2025+1.4%+1.7%-19.7%
Q1 2025+2.3%+3.2%+20.3%
Q4 2024+0.3%+2.8%-1.4%
Q3 2024+1.2%+6.4%+24.3%
Q2 2024+2.8%+4.9%+0.9%
Q1 2024+2.4%+1.0%+2.5%
Q4 2023-1.9%+1.6%+0.7%
Q3 2023+1.3%-9.8%+5.9%
Q2 2023+5.6%+14.2%+9.3%
Q1 2023+3.7%+3.6%-5.2%
Q4 2022+0.9%-3.3%+4.8%
Q3 2022+0.2%-8.7%-8.5%
Q2 2022+3.6%+6.4%+20.2%
Q1 2022+0.2%-3.4%-10.8%
Q4 2021-2.3%-7.8%-12.6%
Q3 2021+1.3%+3.9%+4.9%
Q2 2021+4.1%+5.9%+9.2%
Q1 2021-0.7%-4.0%-2.2%
Q4 2020+0.5%+4.6%+12.0%
Q3 2020+2.2%+14.3%+36.9%
Q2 2020+6.1%+8.2%+5.7%
Q1 2020-1.2%-9.1%-5.4%
Q4 2019-2.1%-4.3%+0.1%
Q3 2019+1.0%+3.7%+6.9%
Q2 2019-0.4%+4.8%-5.9%
Q1 2019-2.3%-1.7%-2.2%
Q4 2018+0.4%+5.6%+9.3%
Q3 2018-1.3%-3.0%-3.7%
Q2 2018-0.6%+3.9%+6.9%
Q1 2018-0.2%-0.4%+3.5%
Q4 2017-1.0%-6.6%-6.5%
Q3 2017-1.7%+1.7%-2.0%
Q2 2017+0.4%+2.2%-5.3%
Q1 2017+1.9%+5.7%-1.5%
Q4 2016-4.0%-6.9%+4.5%
Q3 2016+0.6%-3.7%+16.3%
Q2 2016-0.0%-0.4%+2.2%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q1 2010
Q4 2012
Q3 2012
Q2 2012
Q1 2011
Q1 2012
Q4 2011
Q4 2010
Q4 2009
Q3 2010
Q3 2011
Q2 2010
Q2 2011

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