v3.26.1
Loans and Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Current, Accruing Past Due, and Non-Accrual Loans by Portfolio Class
The following tables provide a summary of current, accruing past due, and non-accrual loans by portfolio class as of June 30, 2026 and December 31, 2025.
June 30, 2026
(in millions)CurrentAccruing 30-89 Days Past Due
Accruing 90 Days or Greater Past Due
Total Accruing Past Due
Non-accrual with an ALLNon-accrual without an ALLTotal
Commercial, financial and agricultural$36,497 $36 $5 $41 $74 $64 $36,676 
Owner-occupied14,358 12 — 12 52 17 14,439 
Total commercial and industrial50,855 48 5 53 126 81 51,115 
Investment properties20,615 9 1 10 70 52 20,747 
1-4 family properties1,909 5 1 6 2 — 1,917 
Land and development931 — — — — — 931 
Total commercial real estate23,455 14 2 16 72 52 23,595 
Consumer mortgages8,371 24 — 24 64 — 8,459 
Home equity2,968 18 — 18 16 — 3,002 
Credit cards231 3 2 5 — — 236 
Other consumer loans1,654 11 — 11 4 — 1,669 
Total consumer13,224 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)CurrentAccruing 30-89 Days Past DueAccruing 90 Days or Greater Past DueTotal Accruing Past DueNon-accrual with an ALLNon-accrual without an ALLTotal
Commercial, financial and agricultural$16,478 $21 $2 $23 $35 $13 $16,549 
Owner-occupied5,738 3 — 3 3 3 5,747 
Total commercial and industrial22,216 24 2 26 38 16 22,296 
Investment properties9,448 — — — 34 14 9,496 
1-4 family properties1,280 2 — 2 2 — 1,284 
Land and development576 — — — — — 576 
Total commercial real estate11,304 2 — 2 36 14 11,356 
Consumer mortgages3,417 16 — 16 23 — 3,456 
Home equity1,360 8 — 8 6 — 1,374 
Credit cards51 1 1 2 — — 53 
Other consumer loans616 3 — 3 — — 619 
Total consumer5,444 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.
(2) Loans are presented net of deferred loan fees and costs totaling $344 million and $314 million at June 30, 2026 and December 31, 2025, respectively.
Schedule of Loan Portfolio Class by Risk Grade and Origination Year
The following table summarizes each loan portfolio class by risk grade and origination year as of June 30, 2026 and December 31, 2025 as required under CECL.
June 30, 2026
Term Loans Amortized Cost Basis by Origination YearRevolving Loans
(in millions) 20262025202420232022PriorAmortized Cost BasisTotal
Commercial, financial and agricultural
Pass$5,184 $6,574 $3,175 $1,695 $1,298 $3,317 $14,569 $35,812 
Special Mention22 16 55 123 21 17 173 427 
Substandard3 49 30 74 48 54 167 425 
Doubtful— — — — — 3 8 11 
Loss— — — — — — 1 1 
Total commercial, financial and agricultural5,209 6,639 3,260 1,892 1,367 3,391 14,918 36,676 
Current YTD Period:
Gross charge-offs1 13 27 11 6 5 20 83 
Owner-occupied
Pass1,682 3,359 1,518 1,391 2,059 3,341 737 14,087 
Special Mention15 15 6 28 30 113 2 209 
Substandard— 4 1 18 22 76 3 124 
Loss— — — — — 19 — 19 
Total owner-occupied1,697 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 industrial6,906 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 $88 
Investment properties
Pass2,542 4,625 2,188 1,284 4,611 4,720 316 20,286 
Special Mention— — 5 58 59 144 — 266 
Substandard— 37 — 8 50 100 — 195 
Total investment properties2,542 4,662 2,193 1,350 4,720 4,964 316 20,747 
Current YTD Period:
Gross charge-offs— — — — — — — — 
1-4 family properties
Pass527 544 165 127 195 274 66 1,898 
Special Mention2 6 3 — 3 — — 14 
Substandard— — 1 1 1 2 — 5 
Total 1-4 family properties529 550 169 128 199 276 66 1,917 
Current YTD Period:
Gross charge-offs— — — — — 1 — 1 
June 30, 2026
Term Loans Amortized Cost Basis by Origination YearRevolving Loans
(in millions) 20262025202420232022PriorAmortized Cost BasisTotal
Land and development
Pass230 311 124 40 62 87 75 929 
Special Mention— — — 1 — — — 1 
Substandard— — — 1 — — — 1 
Total land and development230 311 124 42 62 87 75 931 
Current YTD Period:
Gross charge-offs— — — — — — — — 
Total commercial real estate3,301 5,523 2,486 1,520 4,981 5,327 457 23,595 
Current YTD Period:
Gross charge-offs$— $— $— $— $— $1 $— $1 
Consumer mortgages
Pass895 1,274 487 809 1,110 3,798 — 8,373 
Substandard— 5 3 9 9 60 — 86 
Total consumer mortgages895 1,279 490 818 1,119 3,858 — 8,459 
Current YTD Period:
Gross charge-offs— — — — — — — — 
Home equity
Pass5 9 11 28 199 83 2,647 2,982 
Substandard— — 1 2 4 4 8 19 
Loss— — — — — — 1 1 
Total home equity5 9 12 30 203 87 2,656 3,002 
Current YTD Period:
Gross charge-offs— — — — 1 2 2 5 
Credit cards
Pass— — — — — — 234 234 
Substandard— — — — — — 1 1 
Loss— — — — — — 1 1 
Total credit cards— — — — — — 236 236 
Current YTD Period:
Gross charge-offs— — — — — — 4 4 
Other consumer loans
Pass248 229 86 59 84 223 734 1,663 
Substandard1 — 1 1 1 2 — 6 
Total other consumer loans249 229 87 60 85 225 734 1,669 
Current YTD Period:
Gross charge-offs— 4 3 2 1 5 2 17 
Total consumer1,149 1,517 589 908 1,407 4,170 3,626 13,366 
Current YTD Period:
Gross charge-offs$— $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 YearRevolving Loans
(in millions)20252024202320222021PriorAmortized Cost BasisTotal
Commercial, financial and agricultural
Pass$5,207 $2,722 $1,219 $901 $450 $334 $5,323 $16,156 
Special Mention54 29 51 39 14 2 118 307 
Substandard31 6 12 11 3 4 19 86 
Total commercial, financial and agricultural5,292 2,757 1,282 951 467 340 5,460 16,549 
Current YTD Period:
Gross charge-offs4 7 11 15 7 2 19 65 
Owner-occupied
Pass1,621 770 700 1,079 691 596 160 5,617 
Special Mention26 1 11 13 33 25 — 109 
Substandard— — 3 — 16 2 — 21 
Total owner-occupied1,647 771 714 1,092 740 623 160 5,747 
Current YTD Period:
Gross charge-offs— 1 — — — — — 1 
Total commercial and industrial6,939 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 $66 
Investment properties
Pass2,289 1,064 995 3,314 1,100 447 175 9,384 
Special Mention31 5 2 — 14 12 — 64 
Substandard34 — 4 — 10 — — 48 
Total investment properties2,354 1,069 1,001 3,314 1,124 459 175 9,496 
Current YTD Period:
Gross charge-offs— — — — 17 1 — 18 
1-4 family properties
Pass615 167 99 140 106 117 25 1,269 
Special Mention7 4 — 3 — — — 14 
Substandard— — — — — 1 — 1 
Total 1-4 family properties622 171 99 143 106 118 25 1,284 
Current YTD Period:
Gross charge-offs— — — — — — — — 
Land and development
Pass294 123 33 41 30 15 40 576 
Total land and development294 123 33 41 30 15 40 576 
Current YTD Period:
Gross charge-offs— — — — — — — — 
Total commercial real estate3,270 1,363 1,133 3,498 1,260 592 240 11,356 
Current YTD Period:
Gross charge-offs$— $— $— $— $17 $1 $— $18 
December 31, 2025
Term Loans Amortized Cost Basis by Origination YearRevolving Loans
(in millions)20252024202320222021PriorAmortized Cost BasisTotal
Consumer mortgages
Pass$908 $181 $331 $637 $762 $582 $32 $3,433 
Substandard1 2 5 4 1 10 — 23 
Total consumer mortgages909 183 336 641 763 592 32 3,456 
Current YTD Period:
Gross charge-offs— — 1 — — — — 1 
Home equity
Pass1 — — — — 2 1,365 1,368 
Substandard— 1 1 1 — 1 2 6 
Total home equity1 1 1 1 — 3 1,367 1,374 
Current YTD Period:
Gross charge-offs— — — — — — 1 1 
Credit cards
Pass— — — — — — 53 53 
Total credit cards— — — — — — 53 53 
Current YTD Period:
Gross charge-offs— — — — — — 2 2 
Other consumer loans
Pass187 16 14 18 26 13 345 619 
Total other consumer loans187 16 14 18 26 13 345 619 
Current YTD Period:
Gross charge-offs— — — — 4 1 3 8 
Total consumer1,097 200 351 660 789 608 1,797 5,502 
Current YTD Period:
Gross charge-offs$— $— $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 
Schedule of Rollforward of Allowance for Loan Losses
The following tables detail the changes in the ALL by loan segment for the three and six months ended June 30, 2026 and 2025. During the three and six months ended June 30, 2026 and 2025, Pinnacle had no significant transfers to loans held for sale.
As Of and For the Three Months Ended June 30, 2026
(in millions)Commercial & IndustrialCommercial Real EstateConsumerTotal
Allowance for loan losses:
Beginning balance at March 31, 2026$489 $217 $236 $942 
Charge-offs(43)(1)(14)(58)
Recoveries6 — 4 10 
Provision for (reversal of) loan losses48 — 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 & IndustrialCommercial Real EstateConsumerTotal
Allowance for loan losses:
Beginning balance at March 31, 2025$230 $99 $89 $418 
Charge-offs(20)(1)(3)(24)
Recoveries3 — 2 5 
Provision for (reversal of) loan losses20 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 & IndustrialCommercial Real EstateConsumerTotal
Allowance for loan losses:
Beginning balance at December 31, 2025$255 $95 $92 $442 
Purchased credit deteriorated loans110 102 25 237 
Purchased seasoned loans106 67 68 241 
Charge-offs(88)(1)(26)(115)
Recoveries10 — 8 18 
Provision for (reversal of) loan losses107 (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 & IndustrialCommercial Real EstateConsumerTotal
Allowance for loan losses:
Beginning balance at December 31, 2024$221 $111 $82 $414 
Charge-offs(34)— (6)(40)
Recoveries5 — 3 8 
Provision for (reversal of) loan losses41 (10)9 40 
Ending balance at June 30, 2025$233 $101 $88 $422 
Schedule of Amortized Cost of FDM Loans by Loan Portfolio Class and Financial Effect of Loan Modifications and Current, Accruing Past Due, and Non-Accrual Loans on an Amortized Cost Basis by Loan Portfolio Class
The following tables present the amortized cost of FDM loans by loan portfolio class that were modified during the three and six months ended June 30, 2026 and 2025. Tables within this section exclude loans that were paid-off or are otherwise no longer in the loan portfolio as of the period end.
Three Months Ended June 30, 2026
(in millions) Interest Rate ReductionTerm ExtensionPayment DelayPayment Deferral and Term ExtensionTotalPercentage of Total by Financing Class
Commercial, financial and agricultural$— $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 $104 0.1 %
Six Months Ended June 30, 2026
(in millions)Interest Rate ReductionTerm ExtensionPayment DelayPayment Deferral and Term ExtensionTotalPercentage of Total by Financing Class
Commercial, financial and agricultural$— $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 $132 0.2 %
Three Months Ended June 30, 2025
(in millions) Interest Rate ReductionTerm ExtensionPayment Delay and Term Extension TotalPercentage of Total by Financing Class
Commercial, financial and agricultural$— $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 $38 0.1 %
Six Months Ended June 30, 2025
(in millions)Interest Rate ReductionTerm ExtensionPayment Delay and Term Extension TotalPercentage of Total by Financing Class
Commercial, financial and agricultural$— $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 %
The following tables present the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three and six months ended June 30, 2026 and 2025.
Three Months Ended June 30, 2026Six Months Ended June 30, 2026
(dollars in millions) Weighted Average Interest Rate ReductionWeighted Average Term Extension
(in months)		Weighted Average Payment Delay
(in months)		Weighted Average Interest Rate ReductionWeighted Average Term Extension and Payment Delay
(in months)		Weighted Average Payment Delay
(in months)
Commercial, financial and agricultural— %312— %412
Owner-occupied— — — — 3— 
Investment properties— 88— 88
Consumer mortgages— — 6— — 6
Other consumer loans— 120— — 124— 

Three Months Ended June 30, 2025Six Months Ended June 30, 2025
(dollars in millions)Weighted Average Interest Rate ReductionWeighted Average Term Extension
(in months)		Weighted Average Payment Delay
(in months)		Weighted Average Interest Rate ReductionWeighted Average Term Extension
(in months)		Weighted Average Payment Deferral
(in months)
Commercial, financial and agricultural— %3— — %4— 
Investment properties— 66— 66
The following tables provide a summary of current, accruing past due, and non-accrual loans on an amortized cost basis by loan portfolio class that have been modified during the 12 months prior to June 30, 2026 and June 30, 2025, respectively.
As of June 30, 2026
(in millions)CurrentAccruing 30-89 Days Past DueAccruing 90 Days or Greater Past DueNon-accrual Total
Commercial, financial and agricultural$49 $— $— $41 $90 
Owner-occupied2 — — — 2 
Total commercial and industrial51 — — 41 92 
Investment properties9 — — 38 47 
Total commercial real estate9 — — 38 47 
Consumer mortgages2 — — 4 6 
Other consumer loans1 — — — 1 
Total consumer3 — — 4 7 
Total FDMs$63 $— $— $83 $146 
As of June 30, 2025
(in millions)CurrentAccruing 30-89 Days Past DueAccruing 90 Days or Greater Past DueNon-accrual Total
Commercial, financial and agricultural$20 $— $— $— $20 
Investment properties34 — — — 34 
Total FDMs$54 $— $— $— $54