Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-39309 Pinnacle Financial Partners Inc. (Exact name of registrant as specified in its charte ...

Financial Performance - Pinnacle Financial Partners reported a diluted EPS of $2.19 for Q3 2025, a 17.7% increase from $1.86 in Q3 2024[1] - Adjusted diluted EPS for Q3 2025 was $2.27, reflecting a 22.0% increase year-over-year[2] - Total revenues for Q3 2025 were $544.8 million, up 16.7% from $466.7 million in Q3 2024[9] - Pre-tax income for Q3 2025 was $209.725 million, a 7.3% increase from $194.299 million in Q2 2025 and a 15.8% increase from $181.146 million in Q3 2024[53] - Net income available to common shareholders for the nine months ended September 30, 2025, was $460,690,000, an increase of 47.5% compared to $312,403,000 for the same period in 2024[56] - Basic earnings per common share for the nine months ended September 30, 2025, was $6.00, up 46.5% from $4.09 in 2024[56] Revenue and Income Sources - Wealth management revenues increased by 29.5% year-over-year, reaching $38.2 million in Q3 2025[10] - Noninterest income for the quarter was $69.1 million, a slight decrease of $244,000 from Q3 2024[13] - Total noninterest income for the nine months ended September 30, 2025, was $371,821 thousand, up from $259,633 thousand in the same period of 2024, representing a 43.2% increase[34] - Fee income from BHG for Q3 2025 was $40.614 million, significantly higher than $26.027 million in Q2 2025 and $20.405 million in Q1 2025[54] - Fee income from BHG, net of amortization, increased to $87,046,000 for the nine months ended September 30, 2025, compared to $51,102,000 in 2024, representing a growth of 70.3%[56] Asset and Deposit Growth - Total assets reached $56.0 billion as of September 30, 2025, marking a year-over-year increase of 10.4%[6] - Total deposits rose to $45,727,124 thousand as of September 30, 2025, compared to $40,954,888 thousand a year earlier, marking an increase of 11.8%[33] - Core deposits increased by 10.6% year-over-year, with noninterest-bearing deposits rising by 14.5% linked-quarter[5] - Total loans increased to $37,932,613 thousand in September 2025, up from $37,105,164 thousand in June 2025, representing a growth of 2.23%[40] Cost and Expense Management - Adjusted noninterest expense for Q3 2025 was $295.3 million, a 12.5% increase from $259.3 million in Q3 2024[11] - Salaries and employee benefits increased to $187.0 million, reflecting a year-over-year rise of 16.7%[14] - The company anticipates cost savings of $250 million from the merger with Synovus on a fully phased-in basis[19] Merger and Regulatory Considerations - The merger with Synovus is expected to close early in Q1 2026, pending regulatory approvals[18] - The proposed merger with Synovus Financial Corp. may not fully realize cost savings and synergies as anticipated, potentially leading to delays and increased costs[25] - The registration statement for the merger was declared effective on September 30, 2025, with definitive proxy statements mailed to shareholders around the same date[29] - The company is subject to potential increased compliance and operational costs due to heightened regulatory oversight[25] Risk Factors - Pinnacle Financial is facing risks related to maintaining long-term historical growth rates in its loan portfolio and growing low-cost core deposits[25] - Regulatory examinations and changes in loan underwriting policies could impact Pinnacle Financial's results and asset management activities[25] - The company is exposed to competition pressures that may negatively affect its net interest margin due to elevated deposit and funding costs[25] Operational Efficiency - The efficiency ratio improved to 55.64% in September 2025, compared to 56.72% in June 2025, indicating better operational efficiency[40] - The return on average assets improved to 1.22% in September 2025, up from 1.15% in June 2025[40] - The net interest margin improved to 3.26% for the three months ended September 30, 2025, compared to 3.22% in the same period of 2024[41]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-39309 Pinnacle Financial Partners Inc. Tennessee 62-1812853 (State or other jurisdiction of incorpo ...

WEBSITE: www.pnfp.com MEDIA CONTACT: Joe Bass, 615-743-8219 FINANCIAL CONTACT: Harold Carpenter, 615-744-3742 PNFP REPORTS 2Q25 DILUTED EPS OF $2.00 FOR IMMEDIATE RELEASE Linked-quarter annualized growth for loans was 10.7%; Net interest margin increased to 3.23% in 2Q25 NASHVILLE, TN, July 15, 2025 - Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $2.00 for the quarter ended June 30, 2025, compared to net income per diluted common share of $0.64 for the ...

Table of Contents Pinnacle Financial Partners Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 , Inc. FORM 10-Q (Exact name of registrant as specified in its charter) Tennessee 62-1812853 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF ...