Pinnacle Financial Partners, Inc. (PNFP) Income Statement
PNFP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPNFP revenue and net income
Where PNFP's revenue goes
2025Each bar shows an amount and its share of revenue. PNFP kept 22.0% of revenue as net income.
PNFP profit margins
PNFP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.4% | +23.6% | +19.5% | +25.3% |
| Gross profit | +37.5% | +15.9% | +19.3% | +21.3% |
| Operating income | +34.2% | +3.8% | +16.0% | +18.5% |
| Net income | +35.2% | +4.6% | +15.5% | +21.0% |
| EPS (diluted) | +21.5% | +5.4% | +14.3% | +12.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PNFP quarterly EPS vs estimates
Pinnacle Financial Partners beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 21, 2026 (estimate $2.61).
PNFP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.92B | $2.85B | $2.47B | $1.55B | $1.22B | $1.20B | $1.20B | $1.05B | $714.9M | $431.1M |
| Cost of revenue | $996.1M | $1.45B | $1.18B | $312.6M | $114.9M | $403.1M | $329.1M | $244.8M | $116.5M | $56.9M |
| Gross profit | $1.93B | $1.40B | $1.29B | $1.24B | $1.10B | $796.1M | $866.2M | $804.8M | $598.5M | $374.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $922.3M | $678.7M | $563.6M | $537.5M | $459.2M | $368.9M | $345.5M | $299.4M | $231.4M | $155.1M |
| Total operating expenses | $1.15B | $819.5M | $575.8M | $539.2M | $449.2M | $424.7M | $368.7M | $354.8M | $300.5M | $182.8M |
| Operating income | $779.9M | $581.2M | $714.0M | $697.5M | $651.9M | $371.4M | $497.5M | $449.9M | $298.0M | $191.4M |
| Interest income | $2.80B | $2.70B | $2.16B | $1.37B | $1.03B | $1.02B | $1.07B | $946.7M | $636.1M | $363.6M |
| Interest expense | $1.25B | $1.33B | $1.09B | $244.6M | $98.8M | $199.3M | $301.8M | $210.4M | $92.8M | $38.6M |
| Income before taxes | $779.9M | $581.2M | $714.0M | $697.5M | $651.9M | $371.4M | $497.5M | $449.9M | $298.0M | $191.4M |
| Income taxes | $137.8M | $106.2M | $151.9M | $136.8M | $124.6M | $59.0M | $96.7M | $90.5M | $124.0M | $64.2M |
| Net income | $642.1M | $475.1M | $562.2M | $560.7M | $527.3M | $312.3M | $400.9M | $359.4M | $174.0M | $127.2M |
| EBITDA | $894.3M | $679.8M | $792.7M | $759.8M | $705.2M | $416.6M | $505.9M | $426.3M | $274.4M | $191.6M |
| EPS (diluted) | $8.41 | $6.92 | $7.02 | $7.18 | $6.74 | $4.31 | $5.36 | $4.74 | $3.54 | $3.07 |
| Gross margin | 65.9% | 49.1% | 52.1% | 79.8% | 90.5% | 66.4% | 72.5% | 76.7% | 83.7% | 86.8% |
| Operating margin | 26.7% | 20.4% | 28.9% | 45.0% | 53.6% | 31.0% | 41.6% | 42.9% | 41.7% | 44.4% |
| Net margin | 22.0% | 16.6% | 22.7% | 36.2% | 43.4% | 26.0% | 33.5% | 34.2% | 24.3% | 29.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $1.80B | $846.2M | $544.8M | $820.2M | $711.1M | $745.5M | $751.2M | $653.5M | $706.7M | $653.9M | $659.8M |
| Cost of revenue | $675.0M | $581.0M | $304.0M | $31.9M | $339.5M | $320.7M | $350.2M | $369.6M | $366.3M | $366.9M | $343.9M | $336.9M |
| Gross profit | $1.04B | $1.22B | $542.2M | $512.9M | $480.7M | $390.4M | $395.3M | $381.6M | $287.2M | $339.8M | $310.0M | $322.9M |
| Sales, general & admin | $480.0M | $629.0M | $248.5M | $303.0M | $190.0M | $180.8M | $203.9M | $165.8M | $156.9M | $152.1M | $172.0M | $135.8M |
| Total operating expenses | $619.0M | $1.03B | $336.8M | $303.1M | $286.4M | $220.0M | $211.5M | $200.4M | $222.2M | $188.5M | $181.2M | $155.0M |
| Operating income | $419.0M | $189.0M | $205.4M | $209.7M | $194.3M | $170.4M | $183.8M | $181.1M | $65.0M | $151.3M | $128.9M | $168.0M |
| Interest income | $1.57B | $1.51B | $711.5M | $721.2M | $694.8M | $668.2M | $684.4M | $694.9M | $668.4M | $650.5M | $644.8M | $627.3M |
| Interest expense | $612.0M | $581.0M | $304.0M | $324.4M | $315.2M | $303.7M | $320.6M | $343.4M | $336.1M | $332.4M | $327.5M | $310.1M |
| Income before taxes | $419.0M | $189.0M | $205.4M | $209.7M | $194.3M | $170.4M | $183.8M | $181.1M | $65.0M | $151.3M | $128.9M | $168.0M |
| Income taxes | $91.0M | $39.0M | $35.7M | $36.4M | $35.8M | $30.0M | $32.5M | $34.5M | $11.8M | $27.3M | $33.9M | $35.4M |
| Net income | $328.0M | $150.0M | $169.8M | $173.4M | $158.5M | $140.4M | $151.3M | $146.7M | $53.2M | $123.9M | $95.0M | $132.6M |
| EBITDA | $275.0M | $492.0M | $236.3M | $216.2M | $222.2M | $197.7M | $209.7M | $206.2M | $89.5M | $174.4M | $148.1M | $187.1M |
| EPS (diluted) | $2.50 | $2.39 | $2.24 | $2.27 | $2.00 | $1.90 | $1.90 | $1.86 | $1.63 | $1.53 | $1.68 | $1.79 |
| Gross margin | 60.6% | 67.7% | 64.1% | 94.1% | 58.6% | 54.9% | 53.0% | 50.8% | 44.0% | 48.1% | 47.4% | 48.9% |
| Operating margin | 24.5% | 10.5% | 24.3% | 38.5% | 23.7% | 24.0% | 24.7% | 24.1% | 9.9% | 21.4% | 19.7% | 25.5% |
| Net margin | 19.1% | 8.3% | 20.1% | 31.8% | 19.3% | 19.7% | 20.3% | 19.5% | 8.1% | 17.5% | 14.5% | 20.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PNFP's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PNFP financial results
In fiscal year 2025 (ended December 31, 2025), Pinnacle Financial Partners reported revenue of $2.9 billion, up 2.4% from the year before. It had net income of $642.1 million (up 35.2%), a net profit margin of 22.0%. Diluted earnings per share came to $8.41. Over five years revenue grew at an average rate of 19.5% a year.
See the PNFP stock overview for the latest quote and news, or the PNFP chart for price history and technical indicators.
PNFP income statement FAQ
What is Pinnacle Financial Partners's annual revenue?
Pinnacle Financial Partners reported total revenue of $2.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.4% from $2.9 billion the previous year.
Is Pinnacle Financial Partners profitable?
Yes. Pinnacle Financial Partners reported net income of $642.1 million in fiscal 2025, a net profit margin of 22.0%; its operating margin was 26.7%.
What is Pinnacle Financial Partners's gross margin?
Pinnacle Financial Partners's gross margin was 65.9% in fiscal 2025: for every $100 of revenue, Pinnacle Financial Partners kept $66 after the direct cost of its products and services.
How fast is Pinnacle Financial Partners growing?
Revenue grew 19.5% a year on average over the last five fiscal years, from $1.2 billion to $2.9 billion.
What are Pinnacle Financial Partners's earnings per share?
Pinnacle Financial Partners earned $8.41 per diluted share in fiscal 2025, compared with $6.92 a year earlier.
When will Pinnacle Financial Partners report its next earnings?
Pinnacle Financial Partners is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Pinnacle Financial Partners's fiscal year end?
Pinnacle Financial Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.