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# Pinnacle Financial Posts $2.40 Third-Quarter EPS Versus $2.19, Leaves 2026 Guidance Unchanged
- URL: https://www.bullished.co/pinnacle-financial-posts-2-40-third-quarter-eps-versus-2-19-leaves-2026-guidance-unchanged-db8beb87/
- Published: 2026-10-21T19:12:59.000Z
- Updated: 2026-10-21T19:12:59.000Z
- Description: Loans and deposits each rose 2% from the prior quarter, while the bank's net interest margin slipped to 3.40%.
- Author: Matteo Parrino
- Tags: Markets, PNFP, Industry: Financials

Pinnacle Financial Partners earned [$364 million](https://www.sec.gov/Archives/edgar/data/0002082866/000208286626000087/pnfp-20261021.htm?ref=bullished.co) for common shareholders in the third quarter, or $2.40 per diluted share, versus $2.19 a year earlier, according to an 8-K filed Wednesday. The slide deck attached to the filing says there is no change to full-year guidance.

## What the results show

Adjusted earnings, which leave out merger-related expenses, investment securities losses and certain other items, were [$409 million](https://www.sec.gov/Archives/edgar/data/0002082866/000208286626000087/pnfp%5F09302026xex991xfiling.htm?ref=bullished.co), or $2.69 per diluted share, against $2.27 in the year-earlier quarter. Total revenue was $1,312 million.

Net interest income grew 3% to $986 million. The net interest margin, a measure of lending profit, fell 4 basis points (0.04 percentage points) from the prior quarter to 3.40%. The company blamed rising deposit costs and a liquidity build funded by wholesale borrowing.

Period-end loans rose $1.7 billion, or 2%, to $89.8 billion. Deposits rose $2.1 billion, or 2%, to $103 billion, which the company said fit its seasonal pattern.

CEO Kevin Blair said the merger "changed our size, not how we perform."

## What it changes

Pinnacle and Synovus Financial closed their merger on Jan. 1, 2026\. The company warns that year-over-year comparisons are significantly distorted by the much larger acquired balance sheet and purchase accounting.

Merger-related expense was $56 million in the quarter and $382 million for the first nine months. The [slide deck](https://www.sec.gov/Archives/edgar/data/0002082866/000208286626000087/pnfp%5F09302026xex992filin.htm?ref=bullished.co) says third-quarter merger costs are tracking in line with expectations set at the deal's announcement.

The guidance slide carries a "No Change to Prior Guidance" banner. Within it, period-end loans are trending to the high end of the 9-11% growth range, and adjusted revenue is trending above the midpoint of $5.00 billion to $5.20 billion.

Pinnacle also raised its 2026 hiring target for experienced revenue producers to 250 or more. It had hired 222 so far this year, 89% of that goal, including 96 in the third quarter.

NYSE halted the stock at 14:35:15 ET Wednesday under code T1 (news pending), with no resumption time posted. The shares had traded at $95.42, up 0.14% from the prior close, in Wednesday trading.

## What to watch

Pinnacle holds its earnings call and webcast at 8 a.m. ET on Thursday. The slide deck guides to fourth-quarter taxable-equivalent net interest income of $1.015 billion to $1.035 billion.

The deck also says no share repurchases are expected in 2026, and it puts the bank's preliminary common equity tier 1 capital ratio at 10.01%, against a stated 10.25% objective.

### Sources

- [8-K Filing — Pinnacle Financial Partners, Inc. (PNFP)](https://www.sec.gov/Archives/edgar/data/0002082866/000208286626000087/pnfp-20261021.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit pnfp\_09302026xex991xfiling.htm — Pinnacle Financial Partners, Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0002082866/000208286626000087/pnfp%5F09302026xex991xfiling.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit pnfp\_09302026xex992filin.htm — Pinnacle Financial Partners, Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0002082866/000208286626000087/pnfp%5F09302026xex992filin.htm?ref=bullished.co) — SEC EDGAR
- [Countdown to Pinnacle Financial (PNFP) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS](https://finance.yahoo.com/markets/stocks/articles/countdown-pinnacle-financial-pnfp-q3-121506013.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance
- [Kevin Blair reflects on first nine months leading Pinnacle Financial Partners - Nashville Business Journal](https://www.bizjournals.com/nashville/news/2026/10/20/pinnacle-bank-kevin-blair-checkpoint.html?ref=bullished.co) — bizjournals.com