Pinnacle financial partners inc. (PNFP)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Loans, including fees

955,388

850,472

578,286

335,735

232,847

184,648

169,252

160,036

154,748

162,901

162,271

Securities:
Taxable

46,649

48,192

39,060

19,179

15,060

14,227

14,504

16,931

23,971

30,306

35,056

Tax-exempt

51,138

35,995

13,712

6,014

5,783

6,167

6,378

6,576

7,394

7,916

6,540

Federal funds sold and other

14,761

12,058

5,080

2,681

1,478

1,126

1,146

1,876

2,232

2,223

1,847

Total interest income

1,067,936

946,717

636,138

363,609

255,169

206,169

191,282

185,421

188,346

203,348

205,716

Interest expense:
Deposits

231,641

151,043

59,584

23,918

13,209

9,953

11,721

16,842

30,588

49,856

63,128

Securities sold under agreements to repurchase

570

588

406

185

138

140

238

455

1,110

1,749

1,689

Federal Home Loan Bank advances and other borrowings

69,583

58,744

32,842

14,512

5,189

3,090

3,423

5,258

5,184

7,368

10,106

Total interest expense

301,794

210,375

92,832

38,615

18,536

13,185

15,383

22,557

36,882

58,974

74,924

Net interest income

766,142

736,342

543,306

324,994

236,632

192,984

175,898

162,864

151,464

144,373

130,791

Provision for credit losses

27,283

34,377

23,664

18,328

9,188

3,634

7,856

5,568

21,797

53,695

116,758

Net interest income after provision for credit losses

738,859

701,965

519,642

306,666

227,444

189,349

168,042

157,295

129,666

90,677

14,033

Noninterest income:
Total noninterest income

263,826

200,870

144,904

121,003

86,530

52,602

47,103

43,396

37,940

36,315

39,651

Noninterest expense:
Salaries and employee benefits

313,359

271,673

209,662

140,819

105,928

88,319

82,646

78,056

74,424

64,628

56,709

Equipment and occupancy

84,582

74,276

54,092

35,072

27,241

24,087

21,273

20,420

19,986

21,077

18,056

Other real estate expense, net

-4,228

-723

-1,079

-396

305

-664

-3,113

-11,544

-17,431

-29,210

-14,257

Marketing and other business development

13,251

11,712

8,321

6,536

4,863

4,127

3,638

3,635

3,303

3,233

2,533

Postage and supplies

8,144

7,815

5,736

3,929

3,228

2,391

2,249

2,379

2,120

2,538

2,929

Amortization of intangibles

9,908

10,549

8,816

4,281

1,973

947

1,262

2,738

2,862

2,980

3,185

Merger related expenses

0

8,259

31,843

11,747

4,797

0

0

-

-

-

-

Other noninterest expense

71,676

67,880

47,011

33,505

23,149

15,761

15,076

19,389

18,976

23,214

20,906

Total noninterest expense

505,148

452,887

366,560

236,285

170,876

136,299

129,261

138,164

139,107

146,883

118,577

Income before income taxes

497,537

449,948

297,986

191,384

143,097

105,652

85,884

62,527

28,499

-19,890

-64,892

Income tax expense (benefit)

96,656

90,508

124,007

64,159

47,588

35,181

28,158

20,643

-15,237

4,410

-29,392

Net income

400,881

359,440

173,979

127,225

95,509

70,471

57,726

41,883

43,737

-24,300

-35,499

Preferred stock dividends

-

-

-

-

-

-

-

1,660

4,606

4,815

4,815

Accretion on preferred stock discount

-

-

-

-

-

-

-

2,153

2,058

1,326

1,113

Net income (loss) available to common stockholders

-

-

-

-

-

-

-

38,069

37,072

-30,442

-41,429

Per share information:
Basic net income per common share (in dollars per share)

5.25

4.66

2.73

2.96

2.58

2.03

1.69

1.12

1.11

-0.93

-1.46

Diluted net income per common share (in dollars per share)

5.22

4.64

2.70

2.91

2.52

2.01

1.67

1.10

1.09

-0.93

-1.46

Weighted average shares outstanding:
Basic (in shares)

76,364

77,111

63,760

43,037

37,015

34,723

34,200

33,899

33,420

32,789

28,395

Diluted (in shares)

76,763

77,449

64,328

43,731

37,973

35,126

34,509

34,487

34,060

32,789

28,395

Service charges on deposit accounts
Total noninterest income

36,769

24,906

20,034

14,501

12,745

11,707

10,557

9,917

9,244

9,591

10,199

Investment services
Total noninterest income

24,187

21,175

14,315

10,757

9,971

9,382

8,038

6,984

6,246

5,050

4,181

Insurance sales commissions
Total noninterest income

9,344

9,331

7,405

5,310

4,824

4,612

4,537

4,461

3,999

3,864

4,025

Gain on mortgage loans sold, net
Total noninterest income

24,335

14,564

18,625

15,754

7,668

5,630

6,243

6,698

4,155

4,085

4,928

Investment gains and losses on sales, net
Total noninterest income

-5,941

-2,254

-8,265

395

552

29

-1,466

2,150

960

2,623

6,462

Trust fees
Total noninterest income

14,184

13,143

8,664

6,328

5,461

4,601

3,747

3,195

2,999

2,872

2,590

Income from equity method investment
Total noninterest income

90,111

51,222

37,958

31,403

20,591

0

0

-

-

-

-

Other noninterest income
Total noninterest income

70,837

68,783

46,168

36,555

24,715

16,639

15,446

9,987

10,334

8,227

7,263