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Parent Company Only Financial Information | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Parent Company Only Financial Information | Note 22. Parent Company Only Financial Information The following information presents the condensed balance sheets, statements of operations, and cash flows of Pinnacle Financial as of December 31, 2024 and 2023 and for each of the years in the three-year period ended December 31, 2024 (in thousands): CONDENSED BALANCE SHEETS
| 2024 |  | 2023
Assets: |  |  |
Cash and cash equivalents | $ | 235,047 |  |  | $ | 197,079 |
Investments in bank subsidiary | 6,517,369 |  |  | 6,126,172 |
Investments in consolidated subsidiaries | 16,779 |  |  | 14,031 |
Investment in unconsolidated subsidiaries: |  |  |
Statutory Trusts | 3,995 |  |  | 3,995 |
Other investments | 71,067 |  |  | 67,848 |
Current income tax receivable | — |  |  | 32,466 |
Other assets | 32,567 |  |  | 144,597 |
| $ | 6,876,824 |  |  | $ | 6,586,188 |
Liabilities and shareholders' equity: |  |  |
Subordinated debt and other borrowings | 425,821 |  |  | 424,938 |
Other liabilities | 19,122 |  |  | 125,462 |
Shareholders' equity | 6,431,881 |  |  | 6,035,788 |
| $ | 6,876,824 |  |  | $ | 6,586,188 |
CONDENSED STATEMENTS OF OPERATIONS
| 2024 |  | 2023 |  | 2022
Revenues: |  |  |  |  |
Dividends received from bank subsidiary | $ | 109,917 |  |  | $ | 106,203 |  |  | $ | 110,834 |
Dividends received from nonbank subsidiaries | 296 |  |  | 750 |  |  | 145 |
Income from equity method investment | — |  |  | — |  |  | 33,817 |
Other income | 10,722 |  |  | 12,360 |  |  | 6,478 |
Expenses: |  |  |  |  |
Interest expense | 26,899 |  |  | 23,263 |  |  | 18,590 |
Personnel expense, including stock compensation | 40,934 |  |  | 41,879 |  |  | 39,552 |
Other expense | 3,831 |  |  | 3,180 |  |  | 3,025 |
Income before income taxes and equity in undistributed income of subsidiaries | 49,271 |  |  | 50,991 |  |  | 90,107 |
Income tax benefit | (17,422) |  |  | (13,547) |  |  | (8,444) |
Income before equity in undistributed income of subsidiaries | 66,693 |  |  | 64,538 |  |  | 98,551 |
Equity in undistributed income of bank subsidiary | 406,609 |  |  | 496,236 |  |  | 461,004 |
Equity in undistributed income of nonbank subsidiaries | 1,754 |  |  | 1,378 |  |  | 1,187 |
Net income | $ | 475,056 |  |  | $ | 562,152 |  |  | $ | 560,742 |
Preferred stock dividends | (15,192) |  |  | (15,192) |  |  | (15,192) |
Net income available to common shareholders | $ | 459,864 |  |  | $ | 546,960 |  |  | $ | 545,550 |
CONDENSED STATEMENTS OF CASH FLOWS
| 2024 |  | 2023 |  | 2022
Operating activities: |  |  |  |  |
Net income | $ | 475,056 |  |  | $ | 562,152 |  |  | $ | 560,742 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |
Amortization and accretion | 883 |  |  | 883 |  |  | 882 |
Stock-based compensation expense | 40,934 |  |  | 41,879 |  |  | 39,552 |
Increase (decrease) in income tax payable, net | (117,879) |  |  | 89,597 |  |  | 28,281 |
Deferred tax expense (benefit) | (2,677) |  |  | 3,014 |  |  | 1,760 |
Income from equity method investments, net | — |  |  | — |  |  | (33,817) |
Dividends received from equity method investment | — |  |  | — |  |  | 10,365 |
Excess tax benefit from stock compensation | (2,806) |  |  | (208) |  |  | (3,027) |
Loss (gain) on other investments, net | 924 |  |  | (2,088) |  |  | (2,563) |
Decrease (increase) in other assets | 147,172 |  |  | (88,227) |  |  | (32,609) |
Increase in other liabilities | 14,345 |  |  | 1,099 |  |  | 3,881 |
Equity in undistributed income of bank subsidiary | (406,609) |  |  | (496,236) |  |  | (461,004) |
Equity in undistributed income of nonbank subsidiaries | (1,754) |  |  | (1,378) |  |  | (1,187) |
Net cash provided by operating activities | 147,589 |  |  | 110,487 |  |  | 111,256 |
Investing activities: |  |  |  |  |
Investment in consolidated nonbanking subsidiaries | (1,000) |  |  | (10,000) |  |  | — |
Repayment of investment in consolidated nonbanking subsidiaries | — |  |  | 9,691 |  |  | — |
Increase in other investments | (4,143) |  |  | (8,802) |  |  | (15,776) |
Net cash used in investing activities | (5,143) |  |  | (9,111) |  |  | (15,776) |
Financing activities: |  |  |  |  |
Issuance of common stock pursuant to performance-based vesting (PSUs) and time-based vesting (RSUs) restricted stock units, net of shares withheld for taxes and related tax benefit | (14,430) |  |  | (3,725) |  |  | (5,462) |
Exercise of common stock options, net of shares surrendered for taxes | (5,842) |  |  | (3,215) |  |  | (4,714) |
Common dividends paid | (69,014) |  |  | (68,737) |  |  | (68,194) |
Preferred stock dividends paid | (15,192) |  |  | (15,192) |  |  | (15,192) |
Net cash used in financing activities | (104,478) |  |  | (90,869) |  |  | (93,562) |
Net increase in cash | 37,968 |  |  | 10,507 |  |  | 1,918 |
Cash and cash equivalents, beginning of year | 197,079 |  |  | 186,572 |  |  | 184,654 |
Cash and cash equivalents, end of year | $ | 235,047 |  |  | $ | 197,079 |  |  | $ | 186,572 |
The investment in BHG previously held by Pinnacle Financial was contributed to Pinnacle Bank in an amount of $134.7 million, net of deferred tax liabilities associated with the investment, effective September 30, 2022. Pinnacle Bank is subject to restrictions on the payment of dividends to Pinnacle Financial under Tennessee banking laws. Pinnacle Bank paid dividends of $109.9 million, $106.2 million and $110.8 million, respectively, to Pinnacle Financial in each of the years ended December 31, 2024, 2023 and 2022.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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