Pinnacle Financial Partners, Inc. Q3 2026 Earnings Recap

Pinnacle’s shares rose 3.1% after earnings, with the quarter’s clearest positives being $1.7 billion in loan growth, $2.1 billion in deposit growth and 3% linked-quarter growth in net interest income. Fee income and efficiency also improved, though adjusted results included $56 million of pre-tax items and the transcript does not provide full-quarter guidance.

Key Takeaways

• Diluted EPS was $2.40; adjusted diluted EPS was $2.69. Management said year-to-date adjusted EPS was up 23% from the same period last year.
• Loans grew $1.7 billion and deposits $2.1 billion linked quarter, lifting net interest income 3%.
• Adjusted non-interest revenue increased 19% linked quarter, helped by record BHG production and an equipment-leasing gain. Core banking, wealth management and capital markets were up double digits year to date on a combined basis.
• The adjusted tangible efficiency ratio improved 95 basis points from the second quarter, with positive operating leverage. Net charge-offs remained within the company’s 20–25 basis-point range for a third consecutive quarter; non-performing assets were flat at 50 basis points.
• The merger conversion remains on schedule for March 2027. Pinnacle added 96 experienced revenue producers in the quarter and 222 year to date, and said it expects to exceed the top end of its original 225–250 target.