Pinnacle Financial Partners (PNFP) Q1 2026 earnings summary

Executive summary

• Completed merger with Synovus on January 1, 2026, creating a leading regional bank with expanded scale and capabilities; first quarter as a combined entity delivered strong EPS, solid loan and deposit growth, and sound credit quality.

• Integration is ahead of plan, with 50 experienced revenue producers hired in Q1 and continued hiring momentum into April and Q2.

• Maintained focus on top-tier client service, talent recruitment, and operational excellence, earning high NPS and workplace accolades, including Fortune 100 Best Companies to Work For.

Financial highlights

• Net income available to common shareholders was $135M ($0.89 per diluted share); adjusted net income was $363M ($2.39 per share); net interest income reached $933M, with NIM expanding to 3.53%.

• Adjusted non-interest revenue grew over 20% year-over-year, driven by core banking, wealth management, and capital markets.

• Non-interest expense totaled $952M, including $275M in merger-related charges; adjusted non-interest expense was $677M.

• Tangible book value per share was $61.18 at quarter-end.

Outlook and guidance

• 2026 outlook reaffirmed: period-end loan growth of 9%-11%, deposit growth of 8%-10%, and NIM around 3.5%.

• Adjusted revenue guidance of $5.0-$5.2B for the year; adjusted non-interest expense guidance of $2.675-$2.775B; CET1 ratio target of 10.25%-10.75%.

• Net charge-offs expected at 20-25 bps for the full year.

• Realization of 40% of $250M net cost synergies expected in 2026.