Pinnacle Financial Q1 diluted EPS falls to $0.89 on $275.4 million merger costs
Pinnacle Financial Partners reported first quarter 2026 results that include the January 1, 2026 merger with Synovus Financial Corp. GAAP diluted earnings per share were $0.89, down from $1.77 a year earlier, while adjusted diluted earnings per share rose to $2.39 from $1.90, excluding merger-related expenses, securities gains and a derivative valuation adjustment. Total revenue rose to $1,217 million from $462 million a year earlier, but the merger's costs and a larger share count weigh on reported per-share results.
Key points
- Diluted EPS was $0.89 versus $1.77 in 1Q25; adjusted diluted EPS was $2.39 versus $1.90.
- Merger-related expense was $275.4 million in the first quarter, including merger-related equity acceleration cost.
- Period-end loans were $85.2 billion and deposits were $100.1 billion at March 31, 2026, versus $36.1 billion and $44.5 billion a year earlier.
- Preliminary Common Equity Tier 1 ratio was 9.83% at quarter end; the investor call is set for April 23, 2026.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.