
	June 30, 2026
(in millions)	Current		Accruing 30-89 Days Past Due		Accruing 90 Days or Greater Past Due		Total Accruing Past Due		Non-accrual with an ALL		Non-accrual without an ALL		Total
Commercial, financial and agricultural	$	36,497	$	36	$	5	$	41	$	74	$	64	$	36,676
Owner-occupied	14,358		12		—		12		52		17		14,439
Total commercial and industrial	50,855		48		5		53		126		81		51,115
Investment properties	20,615		9		1		10		70		52		20,747
1-4 family properties	1,909		5		1		6		2		—		1,917
Land and development	931		—		—		—		—		—		931
Total commercial real estate	23,455		14		2		16		72		52		23,595
Consumer mortgages	8,371		24		—		24		64		—		8,459
Home equity	2,968		18		—		18		16		—		3,002
Credit cards	231		3		2		5		—		—		236
Other consumer loans	1,654		11		—		11		4		—		1,669
Total consumer	13,224		56		2		58		84		—		13,366
Loans, net of deferred fees and costs(1)(2)	$	87,534	$	118	$	9	$	127	$	282	$	133	$	88,076


	December 31, 2025
(in millions)	Current		Accruing 30-89 Days Past Due		Accruing 90 Days or Greater Past Due		Total Accruing Past Due		Non-accrual with an ALL		Non-accrual without an ALL		Total
Commercial, financial and agricultural	$	16,478	$	21	$	2	$	23	$	35	$	13	$	16,549
Owner-occupied	5,738		3		—		3		3		3		5,747
Total commercial and industrial	22,216		24		2		26		38		16		22,296
Investment properties	9,448		—		—		—		34		14		9,496
1-4 family properties	1,280		2		—		2		2		—		1,284
Land and development	576		—		—		—		—		—		576
Total commercial real estate	11,304		2		—		2		36		14		11,356
Consumer mortgages	3,417		16		—		16		23		—		3,456
Home equity	1,360		8		—		8		6		—		1,374
Credit cards	51		1		1		2		—		—		53
Other consumer loans	616		3		—		3		—		—		619
Total consumer	5,444		28		1		29		29		—		5,502
Loans, net of deferred fees and costs(1)(2)	$	38,964	$	54	$	3	$	57	$	103	$	30	$	39,154

(1) The amortized cost basis of loans, net of deferred fees and costs excludes accrued interest receivable of $345 million and $151 million at June 30, 2026 and December 31, 2025, respectively, which is presented as a component of other assets on the consolidated balance sheets.

Commercial and Industrial Loans - The C&I loan portfolio is comprised of general middle market and commercial banking clients across a diverse set of industries, as well as certain specialized lending verticals including specialty finance, senior housing, financial institutions group and health care. In accordance with Pinnacle's lending policy, each loan undergoes a detailed underwriting process, which incorporates uniform underwriting standards and oversight in proportion to the size and complexity of the lending relationship. These loans are generally secured by collateral such as business equipment, inventory, and real estate. Credit decisions on loans in the C&I portfolio are based on cash flow from the operations of the business as the primary source of repayment of the debt, with underlying real estate or other collateral being the secondary source of repayment.

Commercial Real Estate Loans - CRE loans primarily consist of income-producing investment properties loans. Additionally, CRE loans include 1-4 family properties loans as well as land and development loans. Investment properties loans consist of construction and mortgage loans for income-producing properties and are primarily made to finance multi-family properties, hotels, office buildings, retail, warehouse/industrial and other commercial development properties. 1-4 family properties loans include construction loans to homebuilders and commercial mortgage loans related to 1-4 family rental properties and are almost always secured by the underlying property being financed by such loans. These properties are primarily located in the markets served by Pinnacle. Land and development loans include commercial and residential development as well as land acquisition loans and are secured by land held for future development, typically in excess of one year. Properties securing these loans are substantially within markets served by Pinnacle, and our preference is to obtain some level of recourse from project sponsors. Loans in this portfolio are underwritten based on the LTV of the collateral and the capacity of the guarantor(s).

Consumer Loans - The consumer loan portfolio consists of a wide variety of loan products offered through Pinnacle's banking network, including first and second residential mortgages, home equity, and consumer credit card loans, as well as home improvement loans, student, and personal loans from third-party lending ("other consumer loans"). Together, consumer mortgages and home equity comprise the majority of Pinnacle's consumer loans and are secured by first and second liens on residential real estate primarily located in the markets served by Pinnacle. The primary source of repayment for all consumer loans is generally the personal income of the borrower(s).

The credit quality of the loan portfolio is reviewed and updated no less frequently than annually using the standard asset classification system utilized by the federal banking agencies. These classifications are divided into three groups: Not Criticized (Pass), Special Mention, and Classified or Adverse rating (Substandard, Doubtful, and Loss) and are defined as follows:

In the following tables, consumer loans are generally assigned a risk grade similar to the classifications described above; however, upon reaching 90 days and 120 days past due, they are generally downgraded to Substandard and Loss, respectively, in accordance with the FFIEC Retail Credit Classification Policy. Additionally, in accordance with Interagency Supervisory Guidance, the risk grade classifications of consumer loans (consumer mortgages and home equity) secured by junior liens on 1-4 family residential properties also consider available information on the payment status of any associated senior liens with other financial institutions.


	June 30, 2026
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans
(in millions)	2026		2025		2024		2023		2022		Prior		Amortized Cost Basis		Total
Commercial, financial and agricultural
Pass	$	5,184	$	6,574	$	3,175	$	1,695	$	1,298	$	3,317	$	14,569	$	35,812
Special Mention	22		16		55		123		21		17		173		427
Substandard	3		49		30		74		48		54		167		425
Doubtful	—		—		—		—		—		3		8		11
Loss	—		—		—		—		—		—		1		1
Total commercial, financial and agricultural	5,209		6,639		3,260		1,892		1,367		3,391		14,918		36,676
Current YTD Period:
Gross charge-offs	1		13		27		11		6		5		20		83
Owner-occupied
Pass	1,682		3,359		1,518		1,391		2,059		3,341		737		14,087
Special Mention	15		15		6		28		30		113		2		209
Substandard	—		4		1		18		22		76		3		124

Loss	—		—		—		—		—		19		—		19
Total owner-occupied	1,697		3,378		1,525		1,437		2,111		3,549		742		14,439
Current YTD Period:
Gross charge-offs	—		—		—		—		1		4		—		5
Total commercial and industrial	6,906		10,017		4,785		3,329		3,478		6,940		15,660		51,115
Current YTD Period:
Gross charge-offs	$	1	$	13	$	27	$	11	$	7	$	9	$	20	$	88
Investment properties
Pass	2,542		4,625		2,188		1,284		4,611		4,720		316		20,286
Special Mention	—		—		5		58		59		144		—		266
Substandard	—		37		—		8		50		100		—		195


Total investment properties	2,542		4,662		2,193		1,350		4,720		4,964		316		20,747
Current YTD Period:
Gross charge-offs	—		—		—		—		—		—		—		—
1-4 family properties
Pass	527		544		165		127		195		274		66		1,898
Special Mention	2		6		3		—		3		—		—		14
Substandard	—		—		1		1		1		2		—		5
Total 1-4 family properties	529		550		169		128		199		276		66		1,917
Current YTD Period:
Gross charge-offs	—		—		—		—		—		1		—		1


	June 30, 2026
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans
(in millions)	2026		2025		2024		2023		2022		Prior		Amortized Cost Basis		Total

Land and development
Pass	230		311		124		40		62		87		75		929
Special Mention	—		—		—		1		—		—		—		1
Substandard	—		—		—		1		—		—		—		1
Total land and development	230		311		124		42		62		87		75		931
Current YTD Period:
Gross charge-offs	—		—		—		—		—		—		—		—
Total commercial real estate	3,301		5,523		2,486		1,520		4,981		5,327		457		23,595
Current YTD Period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	1	$	—	$	1
Consumer mortgages
Pass	895		1,274		487		809		1,110		3,798		—		8,373
Substandard	—		5		3		9		9		60		—		86

Total consumer mortgages	895		1,279		490		818		1,119		3,858		—		8,459
Current YTD Period:
Gross charge-offs	—		—		—		—		—		—		—		—
Home equity
Pass	5		9		11		28		199		83		2,647		2,982
Substandard	—		—		1		2		4		4		8		19
Loss	—		—		—		—		—		—		1		1
Total home equity	5		9		12		30		203		87		2,656		3,002
Current YTD Period:
Gross charge-offs	—		—		—		—		1		2		2		5
Credit cards
Pass	—		—		—		—		—		—		234		234
Substandard	—		—		—		—		—		—		1		1
Loss	—		—		—		—		—		—		1		1
Total credit cards	—		—		—		—		—		—		236		236
Current YTD Period:
Gross charge-offs	—		—		—		—		—		—		4		4
Other consumer loans
Pass	248		229		86		59		84		223		734		1,663
Substandard	1		—		1		1		1		2		—		6

Total other consumer loans	249		229		87		60		85		225		734		1,669
Current YTD Period:
Gross charge-offs	—		4		3		2		1		5		2		17
Total consumer	1,149		1,517		589		908		1,407		4,170		3,626		13,366
Current YTD Period:
Gross charge-offs	$	—	$	4	$	3	$	2	$	2	$	7	$	8	$	26
Loans, net of deferred fees and costs	$	11,356	$	17,057	$	7,860	$	5,757	$	9,866	$	16,437	$	19,743	$	88,076
Current YTD Period:
Gross charge-offs	$	1	$	17	$	30	$	13	$	9	$	17	$	28	$	115


	December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans
(in millions)	2025		2024		2023		2022		2021		Prior		Amortized Cost Basis		Total
Commercial, financial and agricultural
Pass	$	5,207	$	2,722	$	1,219	$	901	$	450	$	334	$	5,323	$	16,156
Special Mention	54		29		51		39		14		2		118		307
Substandard	31		6		12		11		3		4		19		86


Total commercial, financial and agricultural	5,292		2,757		1,282		951		467		340		5,460		16,549
Current YTD Period:
Gross charge-offs	4		7		11		15		7		2		19		65
Owner-occupied
Pass	1,621		770		700		1,079		691		596		160		5,617
Special Mention	26		1		11		13		33		25		—		109
Substandard	—		—		3		—		16		2		—		21

Total owner-occupied	1,647		771		714		1,092		740		623		160		5,747
Current YTD Period:
Gross charge-offs	—		1		—		—		—		—		—		1
Total commercial and industrial	6,939		3,528		1,996		2,043		1,207		963		5,620		22,296
Current YTD Period:
Gross charge-offs	$	4	$	8	$	11	$	15	$	7	$	2	$	19	$	66
Investment properties
Pass	2,289		1,064		995		3,314		1,100		447		175		9,384
Special Mention	31		5		2		—		14		12		—		64
Substandard	34		—		4		—		10		—		—		48


Total investment properties	2,354		1,069		1,001		3,314		1,124		459		175		9,496
Current YTD Period:
Gross charge-offs	—		—		—		—		17		1		—		18
1-4 family properties
Pass	615		167		99		140		106		117		25		1,269
Special Mention	7		4		—		3		—		—		—		14
Substandard	—		—		—		—		—		1		—		1
Total 1-4 family properties	622		171		99		143		106		118		25		1,284
Current YTD Period:
Gross charge-offs	—		—		—		—		—		—		—		—
Land and development
Pass	294		123		33		41		30		15		40		576


Total land and development	294		123		33		41		30		15		40		576
Current YTD Period:
Gross charge-offs	—		—		—		—		—		—		—		—
Total commercial real estate	3,270		1,363		1,133		3,498		1,260		592		240		11,356
Current YTD Period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	17	$	1	$	—	$	18


	December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans
(in millions)	2025		2024		2023		2022		2021		Prior		Amortized Cost Basis		Total
Consumer mortgages
Pass	$	908	$	181	$	331	$	637	$	762	$	582	$	32	$	3,433
Substandard	1		2		5		4		1		10		—		23

Total consumer mortgages	909		183		336		641		763		592		32		3,456
Current YTD Period:
Gross charge-offs	—		—		1		—		—		—		—		1
Home equity
Pass	1		—		—		—		—		2		1,365		1,368
Substandard	—		1		1		1		—		1		2		6

Total home equity	1		1		1		1		—		3		1,367		1,374
Current YTD Period:
Gross charge-offs	—		—		—		—		—		—		1		1
Credit cards
Pass	—		—		—		—		—		—		53		53


Total credit cards	—		—		—		—		—		—		53		53
Current YTD Period:
Gross charge-offs	—		—		—		—		—		—		2		2
Other consumer loans
Pass	187		16		14		18		26		13		345		619


Total other consumer loans	187		16		14		18		26		13		345		619
Current YTD Period:
Gross charge-offs	—		—		—		—		4		1		3		8
Total consumer	1,097		200		351		660		789		608		1,797		5,502
Current YTD Period:
Gross charge-offs	$	—	$	—	$	1	$	—	$	4	$	1	$	6	$	12
Loans, net of deferred fees and costs	$	11,306	$	5,091	$	3,480	$	6,201	$	3,256	$	2,163	$	7,657	$	39,154
Current YTD Period:
Gross charge-offs	$	4	$	8	$	12	$	15	$	28	$	4	$	25	$	96


	As Of and For the Three Months Ended June 30, 2026
(in millions)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance at March 31, 2026	$	489	$	217	$	236	$	942


Charge-offs	(43)		(1)		(14)		(58)
Recoveries	6		—		4		10
Provision for (reversal of) loan losses	48		—		14		62
Ending balance at June 30, 2026	$	500	$	216	$	240	$	956

	As Of and For the Three Months Ended June 30, 2025
(in millions)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance at March 31, 2025	$	230	$	99	$	89	$	418
Charge-offs	(20)		(1)		(3)		(24)
Recoveries	3		—		2		5
Provision for (reversal of) loan losses	20		3		—		23
Ending balance at June 30, 2025	$	233	$	101	$	88	$	422

	As Of and For the Six Months Ended June 30, 2026
(in millions)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance at December 31, 2025	$	255	$	95	$	92	$	442
Purchased credit deteriorated loans	110		102		25		237
Purchased seasoned loans	106		67		68		241
Charge-offs	(88)		(1)		(26)		(115)
Recoveries	10		—		8		18
Provision for (reversal of) loan losses	107		(47)		73		133
Ending balance at June 30, 2026	$	500	$	216	$	240	$	956

	As Of and For the Six Months Ended June 30, 2025
(in millions)	Commercial & Industrial		Commercial Real Estate		Consumer		Total
Allowance for loan losses:
Beginning balance at December 31, 2024	$	221	$	111	$	82	$	414
Charge-offs	(34)		—		(6)		(40)
Recoveries	5		—		3		8
Provision for (reversal of) loan losses	41		(10)		9		40
Ending balance at June 30, 2025	$	233	$	101	$	88	$	422

The ALL of $956 million and the reserve for unfunded commitments of $73 million, which is recorded in other liabilities, comprise the total ACL of $1.0 billion at June 30, 2026. The ACL increased $571 million compared to the December 31, 2025 ACL of $458 million, which consisted of an ALL of $442 million and a reserve for unfunded commitments of $16 million, primarily due to the merger. The ACL to loans coverage ratio was 1.17% at June 30, 2026, compared to 1.17% at December 31, 2025. The June 30, 2026 ACL ratio was impacted by net loan growth and a deterioration in the economic forecast. The Company includes qualitative adjustments, as appropriate, intended to capture the impact of uncertainties in the quantitative estimate.

The ACL is estimated using a two-year reasonable and supportable forecast period. To the extent the lives of the loans in the portfolio extend beyond the period for which a reasonable and supportable forecast can be made, the Company reverts on a straight-line basis back to the historical rates over a one-year period. Pinnacle utilizes multiple economic forecast scenarios sourced from a reputable third-party provider that are probability-weighted internally. The current scenarios include a consensus baseline forecast, an upside scenario reflecting stronger growth than the baseline, a downside scenario that reflects adverse economic conditions, and an additional adverse scenario that assumes consistent slow growth that is less optimistic than the baseline. The economic scenarios are intended to capture differing trajectories for the macroeconomic environment over the forecast horizon. At June 30, 2026, the probability‑weighted economic outlook reflected a modest softening relative to December 31, 2025. Consistent with industry practice, the unemployment rate is referenced as a general indicator of labor market conditions and broader economic trends reflected in the scenarios. The probability‑weighted forecast incorporated an average unemployment rate of 5.0% over the forecast period at June 30, 2026, compared to 4.6% at December 31, 2025. See Note 1 - Basis of Presentation and Accounting Policies for additional details around the ACL estimation process.

When borrowers are experiencing financial difficulty, Pinnacle may make certain loan modifications as part of its loss mitigation strategies to maximize expected payment. See "Part II - Item 8. Financial Statements and Supplementary Data - Note 1 - Summary of Significant Accounting Policies" of Pinnacle's 2025 Form 10-K for additional information regarding accounting policies for FDMs.


	Three Months Ended June 30, 2026
(in millions)	Interest Rate Reduction		Term Extension		Payment Delay		Payment Deferral and Term Extension		Total		Percentage of Total by Financing Class
Commercial, financial and agricultural	$	—	$	40	$	27	$	—	$	67	0.2	%

Total commercial and industrial	—		40		27		—		67		0.1
Investment properties	—		—		—		34		34		0.2


Total commercial real estate	—		—		—		34		34		0.1
Consumer mortgages	—		—		3		—		3		—



Total consumer	—		—		3		—		3		—
Total FDMs	$	—	$	40	$	30	$	34	$	104	0.1	%

	Six Months Ended June 30, 2026
(in millions)	Interest Rate Reduction		Term Extension		Payment Delay		Payment Deferral and Term Extension		Total		Percentage of Total by Financing Class
Commercial, financial and agricultural	$	—	$	52	$	27	$	—	$	79	0.2	%
Owner-occupied	—		2		—		—		2		—
Total commercial and industrial	—		54		27		—		81		0.2
Investment properties	—		—		10		34		44		0.2


Total commercial real estate	—		—		10		34		44		0.2
Consumer mortgages	—		—		6		—		6		0.1


Other consumer loans	—		1		—		—		1		0.1
Total consumer	—		1		6		—		7		0.1
Total FDMs	$	—	$	55	$	43	$	34	$	132	0.2	%


	Three Months Ended June 30, 2025
(in millions)	Interest Rate Reduction		Term Extension		Payment Delay and Term Extension		Total		Percentage of Total by Financing Class
Commercial, financial and agricultural	$	—	$	4	$	—	$	4	—	%

Total commercial and industrial	—		4		—		4		—
Investment properties			—		34		34		0.3


Total commercial real estate	—		—		34		34		0.3





Total FDMs	$	—	$	4	$	34	$	38	0.1	%

	Six Months Ended June 30, 2025
(in millions)	Interest Rate Reduction		Term Extension		Payment Delay and Term Extension		Total		Percentage of Total by Financing Class
Commercial, financial and agricultural	$	—	$	8	$	—	$	8	0.1	%

Total commercial and industrial	—		8		—		8		—
Investment properties	—		—		34		34		0.3


Total commercial real estate	—		—		34		34		0.3





Total FDMs	$	—	$	8	$	34	$	42	0.1	%


	Three Months Ended June 30, 2026				Six Months Ended June 30, 2026
(dollars in millions)	Weighted Average Interest Rate Reduction		Weighted Average Term Extension (in months)	Weighted Average Payment Delay (in months)		Weighted Average Interest Rate Reduction		Weighted Average Term Extension and Payment Delay (in months)	Weighted Average Payment Delay (in months)
Commercial, financial and agricultural	—	%	3	12		—	%	4	12
Owner-occupied	—		—	—		—		3	—

Investment properties	—		8	8		—		8	8



Consumer mortgages	—		—	6		—		—	6


Other consumer loans	—		120	—		—		124	—


	Three Months Ended June 30, 2025				Six Months Ended June 30, 2025
(dollars in millions)	Weighted Average Interest Rate Reduction		Weighted Average Term Extension (in months)	Weighted Average Payment Delay (in months)	Weighted Average Interest Rate Reduction		Weighted Average Term Extension (in months)	Weighted Average Payment Deferral (in months)
Commercial, financial and agricultural	—	%	3	—	—	%	4	—


Investment properties	—		6	6	—		6	6

During the three and six months ended June 30, 2026, there were no material FDMs that subsequently defaulted. During the three and six months ended June 30, 2025, there were no material FDMs that subsequently defaulted. Defaults are defined as the earlier of the FDM being placed on non-accrual status or reaching 90 days past due with respect to principal and/or interest payments. As of June 30, 2026 and December 31, 2025, there were no commitments to lend a material amount of additional funds to any borrower whose loan was classified as a FDM.



	As of June 30, 2026
(in millions)	Current		Accruing 30-89 Days Past Due		Accruing 90 Days or Greater Past Due		Non-accrual		Total
Commercial, financial and agricultural	$	49	$	—	$	—	$	41	$	90
Owner-occupied	2		—		—		—		2
Total commercial and industrial	51		—		—		41		92
Investment properties	9		—		—		38		47


Total commercial real estate	9		—		—		38		47
Consumer mortgages	2		—		—		4		6


Other consumer loans	1		—		—		—		1
Total consumer	3		—		—		4		7
Total FDMs	$	63	$	—	$	—	$	83	$	146