Risk Sleuth
PNFP · 10-K filed 2 Mar 2026 · year to 31 Dec 2025

Pinnacle Financial Partners

30 named things its latest annual report says its results depend on, each in the company's own words. 20 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Music publishers

insures or lends tonamed as a risk
We have meaningful credit exposures to borrowers in certain businesses, including commercial and residential building lessors, developers of multifamily residential real estate projects, new home builders and music publishers.Risk factors (Item 1A)

Multifamily residential real estate developers

insures or lends tonamed as a risk
We have meaningful credit exposures to borrowers in certain businesses, including commercial and residential building lessors, developers of multifamily residential real estate projects, new home builders and music publishers.Risk factors (Item 1A)

Partners and platforms

Federal Home Loan Bank of Cincinnati

depends onnamed as a risk
We have used these funds, together with wholesale deposit sources such as brokered deposits, along with Federal Home Loan Bank of Cincinnati (“FHLB”) advances, federal funds purchased and other sources of short-term and long-term borrowings, including subordinated indebtedness, to make loans, acquire investment securities and other assets and to fund continuing operations.Risk factors (Item 1A)

Raymond James Financial Services, Inc. (RJFS)

depends on
Pinnacle Bank contracts with Raymond James Financial Services, Inc. ("RJFS"), a registered broker-dealer and investment adviser, to offer and sell various securities and other financial products to the public through team members who are employed by both Pinnacle Bank and RJFS.Business (Item 1)

Also named by AUB

IntraFi Network Deposit

depends on
Such public fund deposits are often subject to competitive bid and in many cases must be secured by pledging a portion of our investment securities, letter of credit or by placing funds in a reciprocal deposit network such as IntraFi Network Deposit.Business (Item 1)

Tennessee Titans

However, its use of advertising has increased in recent years, primarily due to its partnerships with the Tennessee Titans NFL football team, The Pinnacle at Nashville Yards music venue and the Memphis Grizzlies NBA basketball team.Business (Item 1)

Other companies

Goodwill and intangible assets

approximately $1.9 billionnamed as a risk
At December 31, 2025, our goodwill and other identifiable intangible assets totaled approximately $1.9 billion.Risk factors (Item 1A)

Also named by AME, CI, PVH, SUNC

Bankers Healthcare Group (BHG)

49% interestnamed as a risk
Our share of BHG’s earnings made up a meaningful portion of our noninterest income in 2025, and as a result, a meaningful portion of our net income in that year.Risk factors (Item 1A)

Commercial and industrial loans

concentrated in · approximately 41.8% of our total loansnamed as a risk
At December 31, 2025, our commercial and industrial loans accounted for approximately 41.8% of our total loans.Risk factors (Item 1A)

Synovus Financial Corp.

named as a risk
We may not realize all of the anticipated benefits of our recently completed combination with Synovus, and integrating our and Synovus's operations may be more difficult, costly or time-consuming than expected.Risk factors (Item 1A)

Places

North Carolina

concentrated in · 42named as a risk
A significant percentage of our borrowers at December 31, 2025 were situated in various MSAs in Tennessee, North Carolina, South Carolina, Virginia and Georgia in which we operate.Risk factors (Item 1A)

Also named by ABR, AUB, DUK, FCNCA, FHN, GLW, IMKTA, MLM and 5 more

Virginia

concentrated in · 10named as a risk
A significant percentage of our borrowers at December 31, 2025 were situated in various MSAs in Tennessee, North Carolina, South Carolina, Virginia and Georgia in which we operate.Risk factors (Item 1A)

Also named by AUB, CNX, CSGP, D, ELV, PPL, TFC, TREX and 1 more

South Carolina

concentrated in · 21named as a risk
A significant percentage of our borrowers at December 31, 2025 were situated in various MSAs in Tennessee, North Carolina, South Carolina, Virginia and Georgia in which we operate.Risk factors (Item 1A)

Also named by ENPH, ENS, FCNCA, GNRC, IMKTA, SSB

Tennessee

concentrated in · 50named as a risk
A significant percentage of our borrowers at December 31, 2025 were situated in various MSAs in Tennessee, North Carolina, South Carolina, Virginia and Georgia in which we operate.Risk factors (Item 1A)

Also named by CTRE, FHN, IMKTA, RF, VMC

Nashville-Murfreesboro-Franklin MSA

operates in · No. 1 bank
The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA according to June 30, 2025 deposit data from the Federal Deposit Insurance Corporation (FDIC).Business (Item 1)

Georgia

concentrated innamed as a risk
A significant percentage of our borrowers at December 31, 2025 were situated in various MSAs in Tennessee, North Carolina, South Carolina, Virginia and Georgia in which we operate.Risk factors (Item 1A)

Also named by ABR, ACHR, AXP, BRO, CNC, ELV, IMKTA, MKL and 7 more

Hazards

Hurricanes

operates innamed as a risk
Our operations and customer base are located in markets where natural disasters, including tornadoes, severe storms, ice storms, fires, wildfires, floods, and hurricanes often occur.Risk factors (Item 1A)

Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more

Tornadoes

operates innamed as a risk
Our operations and customer base are located in markets where natural disasters, including tornadoes, severe storms, ice storms, fires, wildfires, floods, and hurricanes often occur.Risk factors (Item 1A)

Also named by AAON, DLTR, PAYC, RF

Commodities and inputs

Commercial real estate

concentrated in · approximately 39.0% of our commercial real estate loansnamed as a risk
Additionally, approximately 39.0% of our commercial real estate loans at December 31, 2025 are owner-occupied commercial real estate loans, which are loans to businesses secured by the businesses’ real estate.Risk factors (Item 1A)

Also named by AFL, APO, AUB, BAC, C, CFR, FSUN, GBCI and 11 more

Bank owned life insurance (BOLI)

$1.2 billionnamed as a risk
We had $1.2 billion in general, hybrid and separate account BOLI contracts at December 31, 2025.Risk factors (Item 1A)

Brokered deposits

depends onnamed as a risk
Increases in our reliance on noncore funding (particularly brokered time deposits) would increase our liquidity risk.Risk factors (Item 1A)

Also named by ALLY, CASH, CUBI, EFSC, SLM

Regulators

Tennessee Department of Financial Institutions (TDFI)

subject to · up to $1.3 billion
Pinnacle Bank is required by Tennessee law to obtain the prior approval of the Commissioner of the TDFI for payments of dividends if the total of all dividends declared by its board of directors in any calendar year will exceed (1) the total of Pinnacle Bank's net income for that year, plus (2) Pinnacle Bank's retained net income for the preceding two years.Business (Item 1)

Also named by FHN

Consumer Financial Protection Bureau (CFPB)

subject tonamed as a risk
The rules issued by the CFPB have previously impacted Pinnacle Financial's business, including its mortgage loan origination and servicing activities and our service charge practices.Business (Item 1)

Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more

Federal Deposit Insurance Corporation (FDIC)

subject tonamed as a risk
Continued increases in our FDIC insurance premiums could have an adverse effect on Pinnacle Bank’s and Pinnacle Financial’s results of operations.Business (Item 1)

Also named by AFRM, BAC, BNY, CASH, CFG, CFR, COF, FCFS and 27 more

Federal Reserve

subject to
Upon consummation of the Merger, Pinnacle Bank became a member of the Federal Reserve, and is now subject to the supervision, examination and reporting requirements and the regulations of the Federal Reserve.Business (Item 1)

Also named by AGNC, AUB, AXP, BAC, CASH, COF, DX, EFSC and 24 more

Laws and programs

FDIC special assessment

subject to · $29.0 millionnamed as a risk
As a result of this final rule, Pinnacle Financial accrued $29.0 million related to this assessment in the fourth quarter of 2023 and an additional $6.8 million in 2024 and reduced its accrual by $7.5 million in 2025 as a result of the revised guidance provided by the FDIC in the fourth quarter of 2025.Business (Item 1)

Also named by BPOP, CFG, CFR, CUBI, EFSC, EWBC, FCNCA, GBCI and 10 more

Durbin Amendment

subject to · $0.21 plus five basis pointsnamed as a risk
The interchange fee restrictions contained in the Durbin Amendment, and the rules promulgated thereunder, only apply to debit card issuers with $10 billion or more in total consolidated assets, like Pinnacle Bank.Business (Item 1)

Also named by CPAY, EFSC, FSUN, PB, SOFI

Basel III Endgame

subject tonamed as a risk
If such re-proposal does occur, certain of the more stringent requirements could still be imposed on us through the ongoing regulatory oversight process, which could adversely impact our profitability or, if we were to fail to satisfy any such requirements, our financial condition and results of operations.Risk factors (Item 1A)

Also named by CME, FCNCA, GBCI, ICE, USB

FDIC resolution planning rule

subject to
On October 20, 2025, the FDIC advised Pinnacle Bank that an interim resolution plan would be required by July 1, 2026 so long as the Merger closed prior to April 1, 2026.Business (Item 1)

Also named by CFR, FITB, SSB

Technology

Stablecoins and cryptocurrencies

competes withnamed as a risk
Widespread adoption of digital assets and blockchain technology could adversely affect our ability to compete, including in connection with our competition for deposits, and, as a result, our results of operations, financial condition and liquidity, including as a result of increased volatility in deposits and/or significant long-term reduction in deposits as a result of financial disintermediation.Risk factors (Item 1A)

Also named by PNC, WFC