Pinnacle Financial Partners (PNFP) Q4 FY2025 earnings: revenue $899 million

Pinnacle Financial Partners, Inc. (PNFP) reported revenue of $899 million for Q4 FY2025, the quarter ended 31 December 2025. Net income was $320 million, and diluted earnings per share $2.13. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2026.

Revenue

$899 million

+65.2% on the quarter

Q1 FY2025Q4 FY2025

Operating margin

n/a

Q1 FY2025Q4 FY2025

Net income

$320 million

+85.0% on the quarter

Q1 FY2025Q4 FY2025

Diluted EPS

$2.13

-2.7% on the quarter

Q1 FY2025Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Adjusted EPS up 16% from a year ago: These are legacy Synovus standalone figures. Adjusted diluted EPS was $1.45, flat sequentially and up 16% year over year. Reported diluted EPS was $1.22, down 8% from third quarter and down 2% from fourth quarter 2024.
Bank-owned life insurance surrender cut EPS: The surrender of lower-yielding policies reduced fourth quarter diluted EPS by $0.10, or $14.2 million. The related tax is excluded from adjusted results.
Net interest margin expanded 4 basis points: Net interest margin was 3.45%, against 3.41% in third quarter and 3.28% a year earlier. Management cited continued fixed asset rate repricing and funding benefits from core deposit growth.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	A year earlier	On the quarter
Revenue	899	544	n/a	+65.2%
Pre-tax income	445	209	n/a	+112.8%
Income tax	126	36.0	n/a	+251.4%
Effective tax rate	28.4%	17.2%	n/a
Net income	320	173	n/a	+85.0%
Net margin	35.6%	31.8%	n/a
Diluted EPS	$2.13	$2.19	n/a	-2.7%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	A year earlier	On the quarter
Operating cash flow	116	404	n/a	-71.3%
Capital expenditure	21.9	27.0	n/a	-18.8%
Free cash flow	94.1	377	n/a	-75.0%
Cash from investing	-1,446	-899	n/a
Cash from financing	1,630	771	n/a	+111.5%
Depreciation and amortisation	n/a	38.0	n/a
Share-based compensation	11.6	11.0	n/a	+5.7%
Dividends paid	17.7	19.0	n/a	-7.0%
Dividend per share	n/a	$0.24	n/a
Diluted shares, weighted	n/a	77m	n/a
Shares outstanding at period end	78m	151m	n/a	-48.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	A year earlier	On the quarter
Shareholders' equity	7,044	6,856	n/a	+2.7%
Non-controlling interest	20.2	n/a	n/a
Deposits	51,324	n/a	n/a
Repurchase agreements	316	n/a	n/a
Debt	2,456	n/a	n/a
Total liabilities and equity	57,706	n/a	n/a
Fixed assets	340	n/a	n/a
Goodwill	1,849	n/a	n/a
Intangible assets	29.7	n/a	n/a
Securities held for sale or to maturity	9,159	n/a	n/a
Loans	44,148	n/a	n/a
Resale agreements	24.5	n/a	n/a
Cash and equivalents	3,565	3,265	n/a	+9.2%
Total assets	57,706	n/a	n/a

Questions

What was Pinnacle Financial Partners' revenue in Q4 FY2025?

Pinnacle Financial Partners (PNFP) reported revenue of $899 million for Q4 FY2025, the quarter ended 31 December 2025.

How much did Pinnacle Financial Partners earn in Q4 FY2025?

Net income for Q4 FY2025 was $320 million, and diluted earnings per share $2.13.

When did Pinnacle Financial Partners report Q4 FY2025 results?

Pinnacle Financial Partners filed its 10-K for the year that ended with the quarter on 2 March 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 7 quarters

	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 * †	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	462	505	544	899	1,217	1,203	1,312
Pre-tax income	170	195	209	445	189	419	477
Tax rate	18%	18%	17%	28%	21%	22%	21%
Net income	140	159	173	320	150	328	379
Net margin	30%	31%	32%	36%	12%	27%	29%
Diluted EPS	$1.77	$2.00	$2.19	$2.13	$0.89	$2.07	$2.40
Operating cash flow	-22.0	261	404	116	926	90.0	376
Capital expenditure	20.0	11.0	27.0	21.9	15.0	23.0	11.0
Free cash flow	-42.0	250	377	94.1	911	67.0	365
Dividends paid	19.0	19.0	19.0	17.7	75.0	75.0	76.0
Shares outstanding	151m	151m	151m	78m	151m	151m	151m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 2 March 2026: the filing.