Pinnacle Financial Partners, Inc. Surveillance Report
Company Profile
Headquartered in Nashville, TN, Pinnacle Financial Partners, Inc. (NASDAQ: PNFP) (“Pinnacle” or “the company”), with nearly $50 billion in assets, conducts operations through Pinnacle Bank (“the bank”) via 149 locations primarily in its home state of Tennessee, the Carolinas, Virginia, and Georgia, as well as Alabama, Kentucky, Washington, D.C., and Florida. Community ingrained, PNFP offers a broad range of traditional commercial and consumer lending services complemented by investment, trust, and insurance business lines.
PNFP’s balanced loan book is diversified by industry and, more broadly, reflected 42% C&I (including 12% owner-occupied CRE), 24% investor CRE (including 6% multifamily), 15% mortgage, and 11% C&D loans at 1Q24. Also significant to PNFP's financial profile is the bank’s investment in Bankers Healthcare Group, LLC (BHG), which provides consumer lending to healthcare and other licensed professionals. In addition, Pinnacle has…
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