Pinnacle Financial Partners, Inc. (PNFP) Balance Sheet
PNFP balance sheet, 2025
December 31, 2025 · U.S. dollars$57.71B assets = $50.66B liabilities + $7.04B equity
Both columns are drawn to the same scale: what PNFP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PNFP financial health
Descriptive bands, not a rating. Fiscal 2025.
PNFP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.19B2016 | $57.71B2025 | +20.0%/yr | |
| Total liabilities | $9.70B2016 | $50.66B2025 | +20.2%/yr | |
| Shareholders’ equity | $1.50B2016 | $7.04B2025 | +18.8%/yr | |
| Cash & short-term investments | $1.48B2016 | $12.82B2025 | +27.1%/yr | |
| Total debt | $828.5M2016 | $2.52B2025 | +13.2%/yr | |
| Net cash (debt) | $651.8M2016 | $10.30B2025 | +$9.6B | |
| Working capital | $1.50B2016 | $3.29B2025 | +$1.8B | |
| Book value per share | $34.222016 | $90.602025 | +11.4%/yr | |
| Debt / equity | 0.552016 | 0.362025 | −0.20 | |
| Shares outstanding | 43.7M2016 | 77.7M2025 | +6.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PNFP assets
PNFP liabilities and equity
PNFP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PNFP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $12.82B | $8.92B | $6.46B | $4.70B | $8.93B | $7.31B | $3.91B | $3.74B | $3.17B | $1.48B |
| Cash & equivalents | $3.57B | $3.34B | $2.14B | $1.15B | $4.02B | $3.73B | $368.7M | $654.4M | $652.7M | $182.3M |
| Short-term investments | $9.25B | $5.58B | $4.32B | $3.56B | $4.91B | $3.59B | $3.54B | $3.08B | $2.52B | $1.30B |
| Receivables | $38.93B | $214.1M | $217.5M | $161.2M | $98.8M | $104.1M | $84.5M | $79.7M | $57.4M | $28.2M |
| Inventory | $0 | $0 | $98.0M | $8.0M | −$5.21B | −$4.08B | −$640.7M | $15.2M | −$864.9M | −$218.0M |
| Other current assets | $0 | $0 | $0 | $0 | $5.21B | $4.08B | $640.7M | $0 | $864.9M | $218.0M |
| Total current assets | $51.75B | $9.14B | $6.68B | $4.87B | $9.03B | $7.42B | $3.99B | $3.82B | $3.23B | $1.51B |
| Property, plant & equipment (net) | $340.0M | $311.3M | $256.9M | $327.9M | $288.2M | $290.0M | $273.9M | $265.6M | $266.0M | $88.9M |
| Goodwill & intangible assets | $1.88B | $1.87B | $1.87B | $1.88B | $1.85B | $1.86B | $1.87B | $1.85B | $1.86B | $566.7M |
| Long-term investments | $9.55B | $8.82B | $7.77B | $7.08B | $6.43B | $22.57B | $20.18B | $18.07B | $15.94B | $8.69B |
| Other non-current assets | $0 | $32.45B | $31.38B | $27.81B | $20.86B | $2.80B | $1.49B | $1.02B | $912.1M | $338.6M |
| Total assets | $57.71B | $52.59B | $47.96B | $41.97B | $38.47B | $34.93B | $27.81B | $25.03B | $22.21B | $11.19B |
| Liabilities | ||||||||||
| Accounts payable | $379.6M | $55.6M | $67.0M | $19.5M | $12.5M | $24.9M | $42.2M | $23.6M | $10.5M | $5.6M |
| Short-term debt | $316.4M | $230.2M | $209.5M | $194.9M | $152.6M | $128.2M | $126.4M | $104.7M | $135.3M | $477.7M |
| Deferred revenue | — | — | −$67.0M | −$194.9M | −$155.1M | −$317.3M | −$706.7M | −$437.2M | −$682.3M | −$472.1M |
| Total current liabilities | $48.46B | $43.13B | $38.82B | $35.18B | $31.47B | $27.86B | $20.35B | $18.98B | $16.60B | $5.6M |
| Long-term debt | $2.21B | $2.30B | $2.56B | $888.5M | $423.2M | $670.6M | $749.1M | $485.1M | $465.5M | $350.8M |
| Other long-term liabilities | $0 | $728.8M | $544.7M | $386.5M | $1.27B | $1.50B | $2.35B | $1.60B | $1.43B | $406.3M |
| Total liabilities | $50.66B | $46.16B | $41.92B | $36.45B | $33.16B | $30.03B | $23.45B | $21.07B | $18.50B | $9.70B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $77.7M | $77.2M | $76.8M | $76.5M | $76.1M | $75.8M | $76.6M | $77.5M | $77.7M | $46.4M |
| Retained earnings (deficit) | $3.73B | $3.18B | $2.78B | $2.34B | $1.86B | $1.41B | $1.18B | $833.1M | $519.1M | $381.1M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$123.0M | −$167.9M | −$152.5M | −$190.8M | $107.2M | $175.8M | $30.5M | −$52.1M | −$4.2M | −$14.2M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $7.04B | $6.43B | $6.04B | $5.52B | $5.31B | $4.90B | $4.36B | $3.97B | $3.71B | $1.50B |
| Key figures | ||||||||||
| Total debt | $2.52B | $2.53B | $2.77B | $1.08B | $1.46B | $1.89B | $2.94B | $2.03B | $1.92B | $828.5M |
| Net cash (debt) | $10.30B | $6.39B | $3.69B | $3.62B | $7.47B | $5.43B | $970.7M | $1.70B | $1.25B | $651.8M |
| Working capital | $3.29B | −$33.99B | −$32.14B | −$30.31B | −$22.44B | −$20.44B | −$16.36B | −$15.16B | −$13.37B | $1.50B |
| Tangible book value | $5.17B | $4.56B | $4.16B | $3.64B | $3.46B | $3.04B | $2.48B | $2.11B | $1.84B | $930.0M |
| Book value per share | $90.60 | $83.39 | $78.75 | $72.50 | $69.94 | $64.83 | $56.74 | $51.21 | $57.64 | $34.22 |
| Shares outstanding | 77.7M | 77.1M | 76.6M | 76.1M | 75.9M | 75.7M | 76.8M | 77.5M | 64.3M | 43.7M |
| Current ratio | 1.07 | 0.21 | 0.17 | 0.14 | 0.29 | 0.27 | 0.20 | 0.20 | 0.19 | 270.67 |
| Quick ratio | 1.07 | 0.21 | 0.17 | 0.14 | 0.29 | 0.27 | 0.20 | 0.20 | 0.19 | 270.67 |
| Debt / equity | 0.36 | 0.39 | 0.46 | 0.20 | 0.28 | 0.38 | 0.67 | 0.51 | 0.52 | 0.55 |
| Equity / assets | 12.2% | 12.2% | 12.6% | 13.2% | 13.8% | 14.0% | 15.7% | 15.8% | 16.7% | 13.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $25.80B | $6.17B | $12.82B | $9.68B | $9.37B | $6.28B | $8.92B | $8.03B | $7.24B | $7.03B | $6.46B | $7.00B |
| Cash & equivalents | $7.65B | $5.92B | $3.57B | $3.27B | $2.99B | $3.76B | $3.34B | $2.64B | $2.33B | $2.65B | $2.14B | $3.13B |
| Short-term investments | $18.15B | $251.0M | $9.25B | $6.41B | $6.38B | $2.52B | $5.58B | $5.39B | $4.91B | $4.38B | $4.32B | $3.86B |
| Receivables | $448.0M | $84.25B | $38.93B | $218.6M | $219.4M | $220.6M | $214.1M | $226.2M | $220.2M | $219.9M | $217.5M | $177.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$3.13B | $49.8M | −$2.87B | $98.0M | −$3.83B |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.13B | $0 | $2.87B | $0 | $3.83B |
| Total current assets | $648.0M | $90.42B | $51.75B | $9.90B | $9.59B | $6.50B | $9.14B | $8.26B | $7.46B | $7.25B | $6.68B | $7.18B |
| Property, plant & equipment (net) | $903.0M | $907.0M | $340.0M | $337.6M | $321.1M | $323.1M | $311.3M | $295.3M | $282.8M | $265.6M | $256.9M | $252.7M |
| Goodwill & intangible assets | $4.52B | $4.57B | $1.88B | $1.87B | $1.87B | $1.87B | $1.87B | $1.87B | $1.87B | $1.87B | $1.87B | $1.88B |
| Long-term investments | $20.60B | $19.48B | $9.55B | $9.45B | $9.45B | $9.15B | $8.82B | $8.72B | $8.32B | $7.83B | $7.77B | $7.36B |
| Other non-current assets | $102.38B | $7.39B | $0 | $34.42B | $33.58B | $36.41B | $32.45B | $31.56B | $31.44B | $31.68B | $31.38B | $30.86B |
| Total assets | $129.06B | $122.77B | $57.71B | $55.96B | $54.80B | $54.25B | $52.59B | $50.70B | $49.37B | $48.89B | $47.96B | $47.52B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | $379.6M | $48.5M | $49.2M | $51.3M | $55.6M | $59.3M | $58.9M | $58.1M | $67.0M | $67.4M |
| Short-term debt | $850.0M | $308.0M | $316.4M | $325.6M | $426.3M | $264.0M | $230.2M | $210.0M | $220.9M | $201.4M | $209.5M | $196.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$58.9M | −$58.1M | −$67.0M | −$137.6M |
| Total current liabilities | $850.0M | $100.41B | $48.46B | $48.5M | $45.43B | $44.79B | $43.13B | $41.22B | $40.05B | $39.66B | $38.82B | $38.56B |
| Long-term debt | $10.25B | $5.74B | $2.21B | $2.20B | $2.20B | $2.31B | $2.30B | $2.57B | $2.54B | $2.54B | $2.56B | $2.54B |
| Other long-term liabilities | $103.12B | $2.02B | $0 | $802.7M | $537.0M | $604.8M | $728.8M | $561.5M | $605.9M | $587.3M | $544.7M | $591.6M |
| Total liabilities | $114.23B | $108.17B | $50.66B | $49.11B | $48.16B | $47.71B | $46.16B | $44.36B | $43.19B | $42.79B | $41.92B | $41.69B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $151.0M | $151.0M | $77.7M | $77.6M | $77.5M | $77.6M | $77.2M | $77.2M | $77.2M | $77.2M | $76.8M | $76.8M |
| Retained earnings (deficit) | $4.02B | $3.79B | $3.73B | $3.58B | $3.43B | $3.29B | $3.18B | $3.05B | $2.92B | $2.89B | $2.78B | $2.75B |
| Accumulated other comprehensive income | −$247.0M | −$225.0M | −$123.0M | −$159.8M | −$218.3M | −$166.1M | −$167.9M | −$116.5M | −$150.6M | −$179.1M | −$152.5M | −$299.9M |
| Total shareholders' equity | $14.83B | $14.59B | $7.04B | $6.86B | $6.64B | $6.54B | $6.43B | $6.34B | $6.17B | $6.10B | $6.04B | $5.84B |
| Key figures | ||||||||||||
| Total debt | $11.10B | $6.05B | $2.52B | $2.53B | $2.46B | $2.58B | $2.53B | $2.78B | $2.76B | $2.74B | $2.77B | $2.73B |
| Net cash (debt) | $14.70B | $120.0M | $10.30B | $7.15B | $6.91B | $3.71B | $6.39B | $5.25B | $4.48B | $4.28B | $3.69B | $4.27B |
| Working capital | −$202.0M | −$9.99B | $3.29B | $9.85B | −$35.84B | −$38.29B | −$33.99B | −$32.97B | −$32.59B | −$32.41B | −$32.14B | −$31.38B |
| Tangible book value | $10.30B | $10.03B | $5.17B | $4.99B | $4.77B | $4.67B | $4.56B | $4.47B | $4.30B | $4.23B | $4.16B | $3.96B |
| Book value per share | $97.90 | $187.71 | $90.60 | $88.68 | $85.89 | $85.01 | $83.12 | $82.64 | $80.56 | $79.86 | $78.57 | $76.61 |
| Shares outstanding | 151.5M | 77.7M | 77.7M | 77.3M | 77.3M | 77.0M | 77.4M | 76.8M | 76.6M | 76.4M | 76.8M | 76.2M |
| Current ratio | 0.76 | 0.90 | 1.07 | 204.11 | 0.21 | 0.15 | 0.21 | 0.20 | 0.19 | 0.18 | 0.17 | 0.19 |
| Quick ratio | 30.88 | 0.90 | 1.07 | 204.11 | 0.21 | 0.15 | 0.21 | 0.20 | 0.19 | 0.18 | 0.17 | 0.19 |
| Debt / equity | 0.75 | 0.41 | 0.36 | 0.37 | 0.37 | 0.39 | 0.39 | 0.44 | 0.45 | 0.45 | 0.46 | 0.47 |
| Equity / assets | 11.5% | 11.9% | 12.2% | 12.3% | 12.1% | 12.1% | 12.2% | 12.5% | 12.5% | 12.5% | 12.6% | 12.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
PNFP financial position
At the end of fiscal 2025 (December 31, 2025), Pinnacle Financial Partners had total assets of $57.7 billion (up 9.7% from a year earlier), total liabilities of $50.7 billion and shareholders' equity of $7.0 billion. It held $12.8 billion in cash and short-term investments against $2.5 billion of debt, a net cash position of $10.3 billion. Its current ratio was 1.07. In the latest quarter (ended June 30, 2026) total assets were $129.1 billion and equity $14.8 billion.
Related: PNFP income statement, PNFP cash flow statement, PNFP key metrics. See the PNFP stock overview for the latest quote and news.
PNFP balance sheet FAQ
What are Pinnacle Financial Partners's total assets?
Pinnacle Financial Partners reported total assets of $57.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $52.6 billion a year earlier.
How much debt does Pinnacle Financial Partners have?
Pinnacle Financial Partners had $2.5 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.36.
How much cash does Pinnacle Financial Partners have?
Pinnacle Financial Partners held $12.8 billion in cash and short-term investments at the end of fiscal 2025; with $2.5 billion of debt that is net cash of $10.3 billion.
What is Pinnacle Financial Partners's book value?
Pinnacle Financial Partners's shareholders' equity (book value) was $7.0 billion at the end of fiscal 2025, or $90.60 per share.
What is Pinnacle Financial Partners's current ratio?
Pinnacle Financial Partners had current assets of $51.8 billion and current liabilities of $48.5 billion, a current ratio of 1.07 (it can cover its short-term obligations).
How much goodwill does Pinnacle Financial Partners have?
Pinnacle Financial Partners carried $1.9 billion of goodwill and intangible assets, 3.3% of total assets, at the end of fiscal 2025.