Equity Method Investment

9 Months Ended

Sep. 30, 2026

Equity Method Investments and Joint Ventures [Abstract]

Note 3 - Equity Method Investment

A summary of BHG's financial position as of September 30, 2026 and December 31, 2025 and results of operations as of and for the three and nine months ended September 30, 2026 and 2025, were as follows:


	As of
	September 30, 2026		December 31, 2025
(in millions)
Assets	$	5,182	$	4,264

Liabilities	$	4,699	$	3,824
Equity interests	483		440
Total liabilities and equity	$	5,182	$	4,264


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2026		2025		2026		2025
(in millions)
Revenues	$	382	$	371	$	986	$	882
Net income	$	106	$	94	$	222	$	189

During the three and nine months ended September 30, 2026, Pinnacle Bank received cash distributions of $13 million and $83 million, respectively, from BHG compared to $33 million and $135 million, respectively, received during the three and nine months ended September 30, 2025. Earnings from BHG are included in Pinnacle's consolidated tax return. Profits from intercompany transactions are eliminated.