Pinnacle Bank (PBNK) Q4 2025 earnings summary

Executive summary

• Net income for 2025 was $5.45 million, down 38.4% year-over-year from $8.85 million in 2024.

• Fourth quarter 2025 net income was $287,000, compared to $3.42 million in Q4 2024.

• A $4.223 million provision for loan losses was recorded in Q4 2025 to address credit issues in asset-based lending and hospitality portfolios.

Financial highlights

• Total assets grew 5% year-over-year to $890.4 million as of December 31, 2025.

• Gross loans decreased 3% year-over-year to $583.4 million, but increased 3% sequentially from Q3 2025.

• Allowance for loan losses rose to $13.15 million (2.27% of net loans) from $7.35 million (1.23%) a year ago.

• Total deposits increased 5% year-over-year to $765.8 million.

• Net interest income declined 7.6% year-over-year to $35.11 million.

• Non-interest expense decreased 3.2% year-over-year to $23.33 million.

• Basic EPS was $0.92, down from $1.52 in 2024.

Outlook and guidance

• Management remains focused on organic growth and building quality relationships, emphasizing business banking in local communities.