Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Supplemental Pro Forma Combined Results of Operations

For the year ended December 31, 2018, BNC was included in the operations of PNFP and, as such, no supplemental proforma information is necessary. The supplemental proforma information below for the year ended December 31, 2017 gives effect to the BNC acquisition as if it had occurred on January 1, 2017. These results combine the historical results of BNC into Pinnacle Financial's consolidated statement of income and, while certain adjustments were made for the estimated impact of certain fair value adjustments, they are not indicative of what would have occurred had the BNC Merger taken place on the indicated date nor are they intended to represent or be indicative of future results of operations. In particular, no adjustments have been made to eliminate the amount of BNC's provision for credit losses for the year ended December 31, 2017 that may not have been necessary had the acquired loans been recorded at fair value as of the beginning of 2017. Additionally, these financial statements were not adjusted for non-recurring expenses, such as merger-related expenses incurred by either Pinnacle Financial or BNC. Pinnacle Financial expects to achieve operating cost savings and other business synergies as a result of the acquisition which are also not reflected in the proforma amounts.



(dollars in thousands)	Year Ended December 31, 2017
Revenue ⁽¹⁾	$	844,896
Income before income taxes	347,983

⁽¹⁾ Net interest income plus noninterest income.

BNC Bancorp

Business Acquisition [Line Items]

Consideration Paid and Allocation of Purchase Price to Net Assets Acquired



	Number of Shares	Amount
Equity consideration
Common stock issued	27,687,100	$	1,858,133
Total equity consideration		$	1,858,133

Non-Equity Consideration:
Cash paid to redeem common stock		129
Total consideration paid		$	1,858,262

Allocation of total consideration paid:
Fair value of net assets assumed including estimated identifiable intangible assets		$	602,689
Goodwill		1,255,573
		$	1,858,262

Purchase Price Allocations



	As of June 16, 2017
	BNC Historical Cost Basis		Fair Value Adjustments ⁽¹⁾			As Recorded by Pinnacle Financial
Assets
Cash and cash equivalents	$	155,271	$	—		$	155,271
Investment securities	643,875		1,667			645,542
Loans, net of allowance for loan losses ⁽²⁾	5,782,720		(181,430		)	5,601,290
Mortgage loans held for sale	27,026		—			27,026
Other real estate owned ⁽³⁾	20,143		1,382			21,525
Core deposit and other intangible ⁽⁴⁾	—		50,422			50,422
Property, plant and equipment ⁽⁵⁾	156,805		(3,341		)	153,464
Other assets ⁽⁶⁾	320,988		54,057			375,045
Total Assets	$	7,106,828	$	(77,243	)	$	7,029,585

Liabilities
Interest-bearing deposits ⁽⁷⁾	$	5,003,653	$	4,355		$	5,008,008
Non-interest bearing deposits	1,199,342		—			1,199,342
Borrowings ⁽⁸⁾	183,389		(6,412		)	176,977
Other liabilities ⁽⁹⁾	35,729		6,840			42,569
Total Liabilities	$	6,422,113	$	4,783		$	6,426,896
Net Assets Acquired	$	684,715	$	(82,026	)	$	602,689