Pinnacle Financial Partners, Inc. (PNFP) financial statements (2022 and earlier)

Company profile

Business Address 150 THIRD AVENUE SOUTH
NASHVILLE, TN 37201
State of Incorp. TN
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,0193,726369654673182294
Cash and cash equivalents4,0193,726369654673182294
Restricted cash and investments8322413765   
Total current assets:4,1023,949506720673182294
Noncurrent Assets
Finance lease, right-of-use asset 22
Operating lease, right-of-use asset 8480
Property, plant and equipment2882902742662668978
Long-term investments and receivables361309278239266248103
Long-term investments361309278239266248103
Intangible assets, net (including goodwill), including:1,8541,8621,8711,8531,865567443
Goodwill1,8201,8201,8201,8071,808552432
Intangible assets, net (excluding goodwill)34425146571511
Other undisclosed intangible assets, net (including goodwill)    00 
Amortization method qualified affordable housing project investments116      
Total noncurrent assets:2,6192,5462,5042,3582,396904623
Other undisclosed assets31,74928,43724,79521,95319,13610,1087,798
TOTAL ASSETS:38,46934,93327,80525,03122,20611,1958,715
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt154328749461693478379
Total current liabilities:154328749461693478379
Noncurrent Liabilities
Other undisclosed liabilities33,00429,70022,70120,60417,8059,2207,181
Total liabilities:33,15930,02823,45021,06518,4989,6987,560
Stockholders' equity
Stockholders' equity attributable to parent, including:5,3114,9054,3563,9663,7081,4971,156
Additional paid in capital3,0463,0283,0643,1073,1151,083840
Accumulated other comprehensive income (loss)10717631(52)(4)(14)(3)
Retained earnings1,8641,4081,184833519381279
Other undisclosed stockholders' equity attributable to parent2932937777784641
Total stockholders' equity:5,3114,9054,3563,9663,7081,4971,156
TOTAL LIABILITIES AND EQUITY:38,46934,93327,80525,03122,20611,1958,715

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,0311,0211,068947743432309
Net investment income1,0311,0211,068947636364255
Cost of revenue(16)(192)(27)(34)(24)(18)(9)
Provision for loan, lease, and other losses(16)(192)(27)(34)
Financial services costs(24)(18)(9)
Gross profit:1,0158291,041912719414300
Operating expenses(125)(117)(116)(113)(318)(202)(143)
Other operating income, net
(Noninterest Income, Other Operating Income)
    463725
Operating income:890713925800447248181
Nonoperating income (expense)
(Gains (Losses) on Sales of Other Real Estate)
1(9)(4)(1)(1)(0)0
Interest and debt expense(99)(199)(302)(210)(93)(39)(19)
Other undisclosed loss from continuing operations before equity method investments, income taxes (133)(121)(139)(55)(17)(20)
Income from continuing operations before income taxes:792371498450298191143
Income tax expense(125)(59)(97)(91)(124)(64)(48)
Net income:66831240135917412796
Other undisclosed net loss attributable to parent(140)      
Net income attributable to parent:52731240135917412796
Preferred stock dividends and other adjustments(15)(8)     
Net income available to common stockholders, diluted:51230540135917412796

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:66831240135917412796
Comprehensive income:66831240135917412796
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(209)14583(48)10(11)(8)
Comprehensive income, net of tax, attributable to parent:45945848431218411688

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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