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8-K filings, 21 October 2026: Pinnacle Financial Partners says its margin fell to 3.40%

In a Form 8-K, the filing a US company makes to report a material event, Pinnacle Financial Partners said its net interest margin (NIM) fell 4 basis points to 3.40% in the third quarter of 2026.

An update from FactIQ, written from company statements in 8-K filings of US companies to the Securities and Exchange Commission. What is FactIQ?

Key figures

Pinnacle Financial Partners, net interest margin, third quarter of 2026
3.40%stated by the company; declined 4 basis points from the previous quarter
Pinnacle Financial Partners, adjusted non-interest expense, third quarter of 2026
$690 millionstated by the company; up 4% from the previous quarter
Pinnacle Financial Partners, increase in adjusted non-interest revenue from the previous quarter, third quarter of 2026
$53 millionstated by the company; driven by higher income from an equity-method investment and a gain from an equipment lease payoff
Pinnacle Financial Partners, net charge-off ratio, third quarter of 2026
0.23%stated by the company; in line with expectations; compared with 0.22% in the second quarter

Pinnacle Financial Partners said higher funding costs pushed its margin down

Pinnacle Financial Partners filed a Form 8-K with the US Securities and Exchange Commission (SEC) on 21 October 2026. The filing covers the third quarter of 2026. The company said its net interest margin (NIM), the gap between what a bank earns on loans and investments and what it pays for funding, declined 4 basis points to 3.40% compared with the previous quarter. A basis point is a unit used to measure small changes in rates. The company said higher deposit costs and a wholesale-funded liquidity build more than offset rising securities and loan yields. Wholesale funding is money a bank raises from sources other than its customers' deposits.

Pinnacle Financial Partners said fee income and loan growth drove its earnings

  • The company attributes double-digit year-over-year growth in diluted earnings per share (EPS), its profit per share, to strong loan and deposit growth and outsized fee income growth.
  • The company said its adjusted non-interest revenue increased $53 million compared with the previous quarter. It said this was driven by higher income from an equity-method investment, a stake whose share of profits it records, and a gain from an equipment lease payoff.
  • The company says the majority of loan growth came from geographically diverse commercial and industrial credits supported by specialty lending.

Pinnacle Financial Partners said expenses rose and loan losses were in line with expectations

  • The company said its adjusted non-interest expense was $690 million, up 4% from the previous quarter. It said this was primarily due to higher employment expense from an incentive accrual true-up and accelerated hiring of revenue producers.
  • The company said its net charge-off ratio, the share of loans written off as losses after recoveries, was 0.23% in the third quarter of 2026. It said this was in line with expectations and compared with 0.22% in the second quarter.

Source: 8-K filings of US companies to the Securities and Exchange Commission. See which companies FactIQ covers.

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