Pinnacle Financial Partners (PNFP) Q3 2026 earnings summary

Executive summary

• Q3 diluted EPS was $2.40 GAAP and $2.69 adjusted; adjusted EPS rose 8% QoQ and 23% YTD YoY.

• Loan and deposit growth, recruiting, client retention and credit performance remained strong; results reflect the Synovus merger, which closed January 1, 2026.

• FY26 guidance was unchanged; operational and brand conversion remains on schedule for March 2027, with 2027 guidance due in December.

Financial highlights

• GAAP revenue was $1.312B and adjusted revenue TE was $1.318B; net interest income was $986M, up 3% QoQ.

• GAAP net income available to common shareholders was $364M; adjusted net income was $409M. Adjusted PPNR was $628M versus $576M in Q2.

• Adjusted non-interest revenue rose $53M QoQ, including a $23M equipment-lease payoff gain; BHG investment income was $48M versus $24M in Q2.

• Adjusted non-interest expense was $690M, up 4% QoQ, reflecting higher incentive accruals and hiring; Q3 merger expense was $56M.

Outlook and guidance

• FY26 loan growth guidance is 9%–11% excluding the Day 1 mark, with growth expected at the top end; deposit growth guidance is 8%–10%, tracking to the midpoint.

• FY26 adjusted revenue TE guidance is $5.00B–$5.20B, trending above midpoint; adjusted expense guidance is $2.675B–$2.775B, trending just above midpoint.

• FY26 NIM guidance is 3.44%–3.46%; Q4 NII TE outlook is $1.015B–$1.035B and FY-end NIM is projected at ~3.40%–3.45%.

• FY26 net charge-off guidance is 0.20%–0.25%; adjusted tax guidance is 20%–21%. BHG income guidance rose to $150M–$160M from $110M–$120M.

• The 2026 producer-hire target increased to 250–275; 222 hires were completed YTD through Q3. Adjusted EPS accretion remains ahead of the merger-announcement path.