v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following tables present certain financial information for each reportable business segment for the three and six months ended June 30, 2026 and 2025 and as of June 30, 2026 and December 31, 2025. The application and development of management reporting methodologies is a dynamic process and is subject to periodic enhancements. As these enhancements are
made, financial results presented by each reportable business segment may be periodically revised. Loan and deposit transfers occur from time to time between reportable business segments primarily to maintain the migration of clients and relationship managers between segments; however, prior period loan and deposit balances and any related net interest income and FTP are not adjusted for transfers.
Three Months Ended June 30, 2026
(in millions)BankingWealthTreasury and Corporate OtherPinnacle Consolidated
Net interest income$807 $10 $139 $956 
Provision for (reversal of) credit losses62 — 1 63 
Net interest income after provision for credit losses745 10 138 893 
Core banking fees81 — 12 93 
Wealth management revenue5 80 — 85 
Capital markets income18 — — 18 
Total loan sales and servicing9 — — 9 
Other non-interest revenue9 — 33 42 
Total non-interest revenue122 80 45 247 
Salaries and other personnel expense205 48 125 378 
Occupancy, equipment and software expense40 1 61 102 
Other operating expense(1)(2)
61 9 171 241 
Total non-interest expense306 58 357 721 
Income (loss) before income taxes$561 $32 $(174)$419 
Three Months Ended June 30, 2025
(in millions)BankingWealthTreasury and Corporate OtherPinnacle Consolidated
Net interest income$355 $2 $23 $380 
Provision for (reversal of) credit losses23 — 1 24 
Net interest income after provision for credit losses332 2 22 356 
Core banking fees25 — 7 32 
Wealth management revenue4 28 — 32 
Capital markets income4 — — 4 
Total loan sales and servicing6 — — 6 
Other non-interest revenue2 1 48 51 
Total non-interest revenue41 29 55 125 
Salaries and other personnel expense113 20 47 180 
Occupancy, equipment and software expense19 — 25 44 
Other operating expense(1)
22 1 39 62 
Total non-interest expense154 21 111 286 
Income (loss) before income taxes$219 $10 $(34)$195 
(1) Other operating expense for Banking and Wealth primarily includes software platform expense, professional fees, and FDIC insurance and other regulatory fees.
(2) Treasury and Corporate Other includes $48 million of the total merger-related expense of $51 million incurred during the period.
Six Months Ended June 30, 2026
(in millions)BankingWealthTreasury and Corporate OtherPinnacle Consolidated
Net interest income$1,562 $20 $307 $1,889 
Provision for (reversal of) credit losses136 — 3 139 
Net interest income after provision for credit losses1,426 20 304 1,750 
Core banking fees162 — 22 184 
Wealth management revenue8 161 — 169 
Capital markets income36 — — 36 
Total loan sales and servicing19 — — 19 
Other non-interest revenue12 — 111 123 
Total non-interest revenue237 161 133 531 
Salaries and other personnel expense413 99 262 774 
Occupancy, equipment and software expense80 3 116 199 
Other operating expense(1)(2)
117 18 565 700 
Total non-interest expense610 120 943 1,673 
Income (loss) before income taxes$1,053 $61 $(506)$608 
Six Months Ended June 30, 2025
(in millions)BankingWealthTreasury and Corporate OtherPinnacle Consolidated
Net interest income$705 $5 $36 $746 
Provision for (reversal of) credit losses40 — 1 41 
Net interest income after provision for credit losses665 5 35 705 
Core banking fees50 — 14 64 
Wealth management revenue9 56 — 65 
Capital markets income6 — — 6 
Total loan sales and servicing12 — — 12 
Other non-interest revenue3 — 71 74 
Total non-interest revenue80 56 85 221 
Salaries and other personnel expense224 38 89 351 
Occupancy, equipment and software expense37 — 49 86 
Other operating expense(1)
44 3 77 124 
Total non-interest expense305 41 215 561 
Income (loss) before income taxes$440 $20 $(95)$365 
(1) Other operating expense for Banking and Wealth primarily includes software platform expense, professional fees, and FDIC insurance and other regulatory fees.
(2) Treasury and Corporate Other includes $319 million of the total merger-related expense of $326 million incurred during the period.
June 30, 2026
(dollars in millions)BankingWealthTreasury and Corporate OtherPinnacle Consolidated
Loans, net of deferred fees and costs$86,014 $6 $2,056 $88,076 
Deposits$88,359 $3,096 $9,443 $100,898 
Full-time equivalent employees4,924 566 2,943 8,433 
December 31, 2025
(dollars in millions)BankingWealthTreasury and Corporate OtherPinnacle Consolidated
Loans, net of deferred fees and costs$37,985 $— $1,169 $39,154 
Deposits$42,339 $1,160 $3,902 $47,401 
Full-time equivalent employees2,367 250 1,093 3,710