Pinnacle Financial Partners (PNFP) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-39309
Entity Registrant Name	Pinnacle Financial Partners Inc.
Entity Incorporation, State or Country Code	TN
Entity Tax Identification Number	62-1812853
Entity Address, Address Line One	150 Third Avenue South, Suite 900
Entity Address, City or Town	Nashville,
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37201
City Area Code	(615)
Local Phone Number	744-3700
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		77,245,150
Entity Central Index Key	0001115055
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Noncumulative Preferred Stock [Member]
Cover [Abstract]
Title of 12(b) Security	Depositary Shares (each representing 1/40th interest in a share of 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B)
Trading Symbol	PNFPP
Security Exchange Name	NASDAQ
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing 1/40th interest in a share of 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B)
Trading Symbol	PNFPP
Security Exchange Name	NASDAQ
Common Class A [Member]
Cover [Abstract]
Title of 12(b) Security	Common Stock, par value $1.00
Trading Symbol	PNFP
Security Exchange Name	NASDAQ
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $1.00
Trading Symbol	PNFP
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets [Abstract]
Cash and noninterest-bearing due from banks	$ 276,578	$ 228,620
Restricted cash	193,758	86,873
Interest-bearing due from banks	2,362,828	1,914,856
Cash and cash equivalents	2,833,164	2,230,349
Securities purchased with agreement to resell	66,480	558,009
Debt Securities, Available-for-sale	5,390,988	4,317,530
HeldToMaturitySecurities, net of allowance for credit losses	2,902,253	3,006,357
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group	178,600	104,217
Commercial loans held-for-sale	8,617	9,280
Loans	34,308,310	32,676,091
Loans and Leases Receivable, Allowance	(391,534)	(353,055)
Loans, net	33,916,776	32,323,036
Premises and equipment, net	295,348	256,877
Equity Method Investments	424,637	445,223
Accrued interest receivable	226,178	217,491
Goodwill	1,846,973	1,846,973
Core deposits and other intangible assets	22,755	27,465
Other real estate owned	750	3,937
Other assets	2,588,369	2,613,139
Total assets	50,701,888	47,959,883
Deposits:
Noninterest-bearing	8,229,394	7,906,502
Interest-bearing	12,615,993	11,365,349
Savings and money market accounts	15,188,270	14,427,206
Time	4,921,231	4,840,753
Total deposits	40,954,888	38,539,810
Securities Sold under Agreements to Repurchase	209,956	209,489
Advances from Federal Home Loan Banks	2,146,395	2,138,169
Total Debt Outstanding	425,600	424,938
Accrued interest payable	59,285	66,967
Other liabilities	561,506	544,722
Total liabilities	44,357,630	41,924,095
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, no par value, 10.0 million shares authorized; 225,000 shares non-cumulative perpetual preferred stock, Series B, liquidation preference $225.0 million, issued and outstanding at Sept. 30, 2024 and Dec. 31, 2023, respectively	217,126	217,126
Common Stock, Value, Outstanding	77,232	76,767
Additional paid-in capital	3,120,842	3,109,493
Retained earnings	3,045,571	2,784,927
Accumulated other comprehensive loss, net of taxes	(116,513)	(152,525)
Total shareholders' equity	6,344,258	6,035,788
Total liabilities and shareholders' equity	$ 50,701,888	$ 47,959,883

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Securities held-to-maturity, fair value	$ 2,713,901	$ 2,775,184
Allowance for credit losses - securities held-to-maturity	$ (1,707)	$ (1,707)
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	225,000	225,000
Preferred stock, shares outstanding (in shares)	225,000	225,000
Preferred Stock, Liquidation Preference Per Share	$ 1,000	$ 1,000
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	180,000,000	180,000,000
Common stock, shares issued (in shares)	77,232,000	76,767,000
Common stock, shares outstanding (in shares)	77,232,000	76,767,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income:
Loans, including fees	$ 570,489	$ 508,963	$ 1,663,347	$ 1,419,761
Securities:
Taxable	65,776	36,525	161,824	97,850
Tax-exempt	23,860	24,185	72,832	72,590
Federal funds sold and other	34,740	57,621	115,735	118,371
Total interest income	694,865	627,294	2,013,738	1,708,572
Interest expense:
Deposits	310,527	280,305	915,944	685,562
Securities sold under agreements to repurchase	1,495	1,071	4,210	2,449
Federal Home Loan Bank advances and other borrowings	31,339	28,676	91,784	75,695
Total interest expense	343,361	310,052	1,011,938	763,706
Net interest income	351,504	317,242	1,001,800	944,866
Provision for credit losses	26,281	26,826	90,937	77,282
Net interest income after provision for credit losses	325,223	290,416	910,863	867,584
Noninterest income:
Total noninterest income	115,242	90,797	259,633	354,165
Noninterest expense:
Salaries and employee benefits	160,234	130,344	456,361	398,495
Equipment and occupancy	42,564	36,900	123,246	100,959
Other real estate expense, net	56	33	162	190
Marketing and other business development	5,599	5,479	18,500	17,085
Postage and supplies	2,965	2,621	8,871	8,303
Amortization of intangibles	1,558	1,765	4,710	5,339
Other noninterest expense	46,343	36,091	161,223	106,230
Total noninterest expense	259,319	213,233	773,073	636,601
Income before income taxes	181,146	167,980	397,423	585,148
Income tax expense	34,455	35,377	73,626	117,975
Net income	146,691	132,603	323,797	467,173
Preferred stock dividends	(3,798)	(3,798)	(11,394)	(11,394)
Net income available to common shareholders	$ 142,893	$ 128,805	$ 312,403	$ 455,779
Per share information:
Basic net income per common share	$ 1.87	$ 1.69	$ 4.09	$ 6
Diluted net income per common share	$ 1.86	$ 1.69	$ 4.08	$ 5.99
Weighted average common shares outstanding:
Basic	76,520,599	76,044,182	76,435,370	75,998,965
Diluted	76,765,586	76,201,916	76,606,329	76,102,622
Service charges on deposit accounts
Noninterest income:
Total noninterest income	$ 16,217	$ 12,665	$ 44,219	$ 36,563
Investment services
Noninterest income:
Total noninterest income	17,868	13,253	48,339	39,022
Insurance sales commissions
Noninterest income:
Total noninterest income	3,286	2,882	10,853	10,598
Gain on mortgage loans sold, net
Noninterest income:
Total noninterest income	2,643	2,012	8,792	5,632
Investment losses on sales, net
Noninterest income:
Total noninterest income	0	(9,727)	(72,103)	(19,688)
Trust fees
Noninterest income:
Total noninterest income	8,383	6,640	24,121	19,696
Income from equity method investment
Noninterest income:
Total noninterest income	16,379	24,967	51,102	70,970
Gain on sale of fixed assets
Noninterest income:
Total noninterest income	1,837	87	2,220	85,946
Other noninterest income
Noninterest income:
Total noninterest income	$ 48,629	$ 38,018	$ 142,090	$ 105,426

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 146,691	$ 132,603	$ 323,797	$ 467,173
Other comprehensive gain (loss), net of tax:
Change in fair value on available-for-sale securities, net of tax	13,627	(113,305)	(7,723)	(81,899)
Change in fair value of cash flow hedges, net of tax	24,430	(17,403)	1,287	(28,764)
Accretion of net unrealized gains on securities transferred from available-for-sale to held-to-maturity, net of tax	(1,546)	(1,597)	(4,462)	(5,999)
Net gain on cash flow hedges reclassified from other comprehensive income into net income, net of tax	(2,433)	(2,473)	(7,378)	(7,217)
Net loss on sale of investment securities reclassified from other comprehensive income into net income, net of tax	0	7,293	54,288	14,766
Total other comprehensive gain (loss), net of tax	34,078	(127,485)	36,012	(109,113)
Total comprehensive income	$ 180,769	$ 5,118	$ 359,809	$ 358,060

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI Attributable to Parent
Common Stock, Dividends, Per Share, Cash Paid	$ 0.22
Preferred Stock, Dividends, Per Share, Cash Paid	$ 16.88
Balance at Dec. 31, 2022	$ 5,519,392	$ 217,126	$ 76,454	$ 3,074,867	$ 2,341,706	$ (190,761)
Balance (in shares) at Dec. 31, 2022			76,454,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of employee common stock options & related tax benefits	(960)		$ (40)	(920)
Exercise of employee common stock options and related tax benefits (in shares)			40,000
Preferred dividends paid	(3,798)				(3,798)
Common dividends paid	(17,173)				(17,173)
Issuance of restricted common shares, net of forfeitures	0		$ 193	(193)
Issuance of restricted common shares, net of forfeitures (in shares)			193,000
Restricted shares withheld for taxes & related benefits	(3,076)		$ (41)	(3,035)
Restricted shares withheld for taxes (in shares)			(41,000)
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes & related tax benefits	3,645		$ (93)	3,738
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes and related tax benefit (in shares)			(93,000)
Stock-based compensation expense	10,199			10,199
Net income	137,271				137,271
Other comprehensive income (loss)	43,998					43,998
Balance at Mar. 31, 2023	5,684,128	217,126	$ 76,739	3,079,020	2,458,006	(146,763)
Balance (in shares) at Mar. 31, 2023			76,739,000
Balance at Dec. 31, 2022	5,519,392	217,126	$ 76,454	3,074,867	2,341,706	(190,761)
Balance (in shares) at Dec. 31, 2022			76,454,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	29,573
Net income	467,173
Other comprehensive income (loss)	(109,113)
Balance at Sep. 30, 2023	$ 5,837,641	217,126	$ 76,753	3,097,702	2,745,934	(299,874)
Balance (in shares) at Sep. 30, 2023			76,753,000
Common Stock, Dividends, Per Share, Cash Paid	$ 0.22
Preferred Stock, Dividends, Per Share, Cash Paid	$ 16.88
Balance at Mar. 31, 2023	$ 5,684,128	217,126	$ 76,739	3,079,020	2,458,006	(146,763)
Balance (in shares) at Mar. 31, 2023			76,739,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of employee common stock options & related tax benefits	(11)		$ 0	(11)
Exercise of employee common stock options and related tax benefits (in shares)			0
Preferred dividends paid	(3,798)				(3,798)
Common dividends paid	(17,192)				(17,192)
Issuance of restricted common shares, net of forfeitures	0		$ 7	(7)
Issuance of restricted common shares, net of forfeitures (in shares)			7,000
Restricted shares withheld for taxes & related benefits	(316)		$ (6)	(310)
Restricted shares withheld for taxes (in shares)			(6,000)
Stock-based compensation expense	9,253			9,253
Net income	197,299				197,299
Other comprehensive income (loss)	(25,626)					(25,626)
Balance at Jun. 30, 2023	$ 5,843,759	217,126	$ 76,740	3,087,967	2,634,315	(172,389)
Balance (in shares) at Jun. 30, 2023			76,740,000
Common Stock, Dividends, Per Share, Cash Paid	$ 0.22
Preferred Stock, Dividends, Per Share, Cash Paid	$ 16.88
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred dividends paid	$ (3,798)				(3,798)
Common dividends paid	(17,186)				(17,186)
Issuance of restricted common shares, net of forfeitures	0		$ 19	(19)
Issuance of restricted common shares, net of forfeitures (in shares)			19,000
Restricted shares withheld for taxes & related benefits	(373)		$ (6)	(367)
Restricted shares withheld for taxes (in shares)			(6,000)
Stock-based compensation expense	10,121			10,121
Net income	132,603				132,603
Other comprehensive income (loss)	(127,485)					(127,485)
Balance at Sep. 30, 2023	$ 5,837,641	217,126	$ 76,753	3,097,702	2,745,934	(299,874)
Balance (in shares) at Sep. 30, 2023			76,753,000
Common Stock, Dividends, Per Share, Cash Paid	$ 0.22
Preferred Stock, Dividends, Per Share, Cash Paid	$ 16.88
Balance at Dec. 31, 2023	$ 6,035,788	217,126	$ 76,767	3,109,493	2,784,927	(152,525)
Balance (in shares) at Dec. 31, 2023			76,767,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred dividends paid	(3,798)				(3,798)
Common dividends paid	(17,269)				(17,269)
Issuance of restricted common shares, net of forfeitures	0		$ 190	(190)
Issuance of restricted common shares, net of forfeitures (in shares)			190,000
Restricted shares withheld for taxes & related benefits	(4,137)		$ (49)	(4,088)
Restricted shares withheld for taxes (in shares)			(49,000)
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes & related tax benefits	14,427		$ (311)	14,738
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes and related tax benefit (in shares)			(311,000)
Stock-based compensation expense	10,340			10,340
Net income	123,944				123,944
Other comprehensive income (loss)	(26,590)					(26,590)
Balance at Mar. 31, 2024	6,103,851	217,126	$ 77,219	3,100,817	2,887,804	(179,115)
Balance (in shares) at Mar. 31, 2024			77,219,000
Balance at Dec. 31, 2023	6,035,788	217,126	$ 76,767	3,109,493	2,784,927	(152,525)
Balance (in shares) at Dec. 31, 2023			76,767,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	31,405
Net income	323,797
Other comprehensive income (loss)	36,012
Balance at Sep. 30, 2024	$ 6,344,258	217,126	$ 77,232	3,120,842	3,045,571	(116,513)
Balance (in shares) at Sep. 30, 2024			77,232,000
Common Stock, Dividends, Per Share, Cash Paid	$ 0.22
Preferred Stock, Dividends, Per Share, Cash Paid	$ 16.88
Balance at Mar. 31, 2024	$ 6,103,851	217,126	$ 77,219	3,100,817	2,887,804	(179,115)
Balance (in shares) at Mar. 31, 2024			77,219,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred dividends paid	(3,798)				(3,798)
Common dividends paid	(17,245)				(17,245)
Issuance of restricted common shares, net of forfeitures	0		$ 4	(4)
Issuance of restricted common shares, net of forfeitures (in shares)			4,000
Restricted shares withheld for taxes & related benefits	(447)		$ (6)	(441)
Restricted shares withheld for taxes (in shares)			(6,000)
Stock-based compensation expense	10,621			10,621
Net income	53,162				53,162
Other comprehensive income (loss)	28,524					28,524
Balance at Jun. 30, 2024	$ 6,174,668	217,126	$ 77,217	3,110,993	2,919,923	(150,591)
Balance (in shares) at Jun. 30, 2024			77,217,000
Common Stock, Dividends, Per Share, Cash Paid	$ 0.22
Preferred Stock, Dividends, Per Share, Cash Paid	$ 16.88
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred dividends paid	$ (3,798)				(3,798)
Common dividends paid	(17,245)				(17,245)
Issuance of restricted common shares, net of forfeitures	0		$ 21	(21)
Issuance of restricted common shares, net of forfeitures (in shares)			21,000
Restricted shares withheld for taxes & related benefits	(577)		$ (6)	(571)
Restricted shares withheld for taxes (in shares)			(6,000)
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes & related tax benefits	(3)		$ 0	(3)
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes and related tax benefit (in shares)			0
Stock-based compensation expense	10,444			10,444
Net income	146,691				146,691
Other comprehensive income (loss)	34,078					34,078
Balance at Sep. 30, 2024	$ 6,344,258	$ 217,126	$ 77,232	$ 3,120,842	$ 3,045,571	$ (116,513)
Balance (in shares) at Sep. 30, 2024			77,232,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net income	$ 323,797	$ 467,173
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization/accretion of premium/discount on securities	38,956	44,635
Depreciation, amortization and accretion	72,677	59,417
Provision for credit losses	90,937	77,282
Gain on mortgage loans sold, net	(8,792)	(5,632)
Investment losses on sales, net	72,103	19,688
Gain on other equity investments, net	12,375	9,512
Stock-based compensation expense	31,405	29,573
Deferred tax expense (benefit)	(9,387)	11,891
Losses on dispositions of other real estate and other investments	95	82
Gain on sale of fixed assets	(2,220)	85,946
Income from equity method investment	(51,102)	(70,970)
Dividends received from equity method investment	71,689	33,159
Excess tax benefit from stock compensation	(2,646)	(241)
Gain on commercial loans sold, net	(655)	(408)
Increase in other assets	(138,818)	(189,302)
Increase (decrease) in other liabilities	(7,030)	61,005
Net cash provided by operating activities	404,361	371,263
Activities in securities available-for-sale:
Purchases	(2,088,271)	(914,989)
Sales	822,741	303,145
Maturities, prepayments and calls	240,209	108,371
Activities in securities held-to-maturity:
Maturities, prepayments and calls	82,283	38,677
Proceeds from Securities Purchased under Agreements to Resell	491,529	13,276
Proceeds from Sale, Loan and Lease, Held-for-Investment [Abstract]	1,728,915	3,062,357
Proceeds from Sale, Loan and Lease, Held-for-Investment	30,715	117,216
Purchases of software, premises and equipment	(69,542)	(61,870)
Proceeds from sales of software, premises and equipment	5,819	198,414
Proceeds from sale of other real estate	3,527	5,749
Proceeds from bank owned life insurance settlements	4,160	3,221
Proceeds from Life Insurance Policy	141,308	0
Proceeds from Sale of Federal Home Loan Bank Stock	276
Proceeds from sale (purchase) of FHLB stock, net		36,722
Increase in other investments, net	(74,565)	(49,750)
Net cash used in investing activities	(2,138,726)	(3,337,619)
Financing activities:
Net increase in deposits	2,415,102	3,334,595
Net increase in securities sold under agreements to repurchase	467	1,089
Federal Home Loan Bank: Advances	454,650	3,425,000
Federal Home Loan Bank: Repayments/maturities	(450,009)	(1,750,000)
Principal payments of finance lease obligation	(286)	(224)
Issuance of common stock pursuant to RSA, RSU and PSU agreements, net of shares withheld for taxes	(5,161)	(3,645)
Exercise of common stock options, net of shares surrendered for taxes	(14,430)	(2,794)
Common stock dividends paid	(51,759)	(51,551)
Preferred stock dividends paid	(11,394)	(11,394)
Net cash provided by financing activities	2,337,180	4,941,076
Net increase in cash, cash equivalents, and restricted cash	602,815	1,974,720
Cash, cash equivalents, and restricted cash, beginning of period	2,230,349	1,177,382
Cash, cash equivalents, and restricted cash, end of period	2,833,164	3,152,102
Commercial Loan
Adjustments to reconcile net income to net cash provided by operating activities:
Loans held-for-sale originated	(163,750)	(315,209)
Loans held-for-sale sold	165,067	316,198
Consumer Loan
Adjustments to reconcile net income to net cash provided by operating activities:
Loans held-for-sale originated	(1,815,736)	(1,294,384)
Loans held-for-sale sold	$ 1,750,146	$ 1,222,764

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies Nature of Business — Pinnacle Financial Partners, Inc. (Pinnacle Financial) is a financial holding company whose primary business is conducted by its wholly-owned subsidiary, Pinnacle Bank. Pinnacle Bank is a commercial bank headquartered in Nashville, Tennessee. Pinnacle Financial completed its acquisitions of CapitalMark Bank & Trust (CapitalMark), Magna Bank (Magna), Avenue Financial Holdings, Inc. (Avenue) and BNC Bancorp (BNC) on July 31, 2015, September 1, 2015, July 1, 2016 and June 16, 2017, respectively. Pinnacle Bank completed its acquisitions of Advocate Capital, Inc. (Advocate Capital) and JB&B Capital, LLC (JB&B) on July 2, 2019 and March 1, 2022, respectively. Pinnacle Bank also holds a 49% interest in Bankers Healthcare Group, LLC (BHG), a company that primarily serves as a full-service commercial loan provider to healthcare providers and other skilled professionals for business purposes but also makes consumer loans for various purposes. Pinnacle Bank provides a full range of banking services, including investment, mortgage, insurance, and comprehensive wealth management services, in several primarily urban markets and their surrounding communities. Basis of Presentation — The accompanying unaudited consolidated financial statements have been prepared in accordance with instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, and cash flows in conformity with U.S. generally accepted accounting principles (U.S. GAAP). All adjustments consisting of normally recurring accruals that, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the periods covered by the report have been included. The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes appearing in Pinnacle Financial's Annual Report on Form 10-K for the year ended December 31, 2023 (2023 10-K). These unaudited consolidated financial statements include the accounts of Pinnacle Financial and its wholly-owned subsidiaries. Certain statutory trust affiliates of Pinnacle Financial, as noted in Note 12. Other Borrowings, are included in these unaudited consolidated financial statements pursuant to the equity method of accounting. Significant intercompany transactions and accounts are eliminated in consolidation. Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for credit losses and determination of any impairment of goodwill or intangible assets. It is reasonably possible Pinnacle Financial's estimate of the allowance for credit losses and determination of impairment of goodwill or intangible assets could change as a result of the uncertainty in current macroeconomic conditions. The resulting change in these estimates could be material to Pinnacle Financial's consolidated financial statements. Mortgage Servicing Rights — On March 31, 2024, Pinnacle Financial recognized a mortgage servicing asset totaling $11.8 million related to a commercial mortgage loan portfolio. Upon the sale of these commercial loans, the rights to service loans (MSRs) are capitalized and represent the fair value of future net servicing fees from servicing activities associated with these commercial mortgage loans. Pinnacle Financial has elected to account for this class of MSRs under the fair value measurement method. Under this method, capitalized MSRs are recorded in other assets in the accompanying consolidated balance sheet with changes in the fair value of the MSRs for each period presented recorded in other noninterest income in the accompanying consolidated statement of income. MSRs are recorded at fair value utilizing a number of assumptions, including prepayment speeds, interest rates, discount rates and other economic factors. Changes in the underlying assumptions could materially affect the fair value of MSRs. The value of servicing rights is initially measured using a discounted cash flow model. All servicing rights capitalized have involved the retention of servicing rights only; Pinnacle Financial does not retain residual interest, "first loss" obligations, or other similar on-going financial interests in the loans it sells to third parties, nor has Pinnacle Financial participated in any securitizations with any special purpose entities with respect to these MSRs. Except for recovery of amounts invested in acquiring servicing rights, servicing mortgage loans for others does not generally impose significant financial risks to the servicer. There are, however, certain investors for whom servicing does involve some risk of loss. For example, servicing Federal Housing Administration insured or Veterans Administration guaranteed loans can result in the servicer advancing principal and interest payments for delinquent borrowers, or incurring a shortfall in the total amount of principal collected under certain foreclosure circumstances. Cash Flow Information — Supplemental cash flow information addressing certain cash and noncash transactions for the nine months ended September 30, 2024 and 2023 was as follows (in thousands): For the nine months ended 2024 2023 Cash Transactions: Interest paid $ 1,018,706 $ 714,827 Income taxes paid, net 30,047 96,698 Operating lease payments 28,444 22,648 Noncash Transactions: Loans charged-off to the allowance for credit losses 72,773 57,616 Loans foreclosed upon and transferred to other real estate owned 435 435 Loans foreclosed upon and transferred to other assets 197 561 Right-of-use asset recognized during the period in exchange for lease obligations 24,064 195,995 Income Per Common Share — Basic net income per common share (EPS) is computed by dividing net income available to common shareholders by the weighted average common shares outstanding for the period. Diluted EPS reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted. The difference between basic and diluted weighted average common shares outstanding is attributable to common stock options, restricted share awards, and restricted share unit awards, including those with performance-based vesting provisions. The dilutive effect of outstanding options, restricted share awards, and restricted share unit awards is reflected in diluted EPS by application of the treasury stock method. The following is a summary of the basic and diluted net income per common share calculations for the three and nine months ended September 30, 2024 and 2023 (in thousands, except per share data): Three months ended Nine months ended 2024 2023 2024 2023 Basic net income per common share calculation: Numerator - Net income available to common shareholders $ 142,893 $ 128,805 $ 312,403 $ 455,779 Denominator - Weighted average common shares outstanding 76,521 76,044 76,435 75,999 Basic net income per common share $ 1.87 $ 1.69 $ 4.09 $ 6.00 Diluted net income per common share calculation: Numerator - Net income available to common shareholders $ 142,893 $ 128,805 $ 312,403 $ 455,779 Denominator - Weighted average common shares outstanding 76,521 76,044 76,435 75,999 Dilutive common shares contingently issuable 245 158 171 104 Weighted average diluted common shares outstanding 76,766 76,202 76,606 76,103 Diluted net income per common share $ 1.86 $ 1.69 $ 4.08 $ 5.99 Recently Adopted Accounting Pronouncements — In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , and has issued subsequent amendments thereto, which provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Interbank Offered Rate (LIBOR) or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance was initially effective for all entities as of March 12, 2020 through December 31, 2022. In December 2022, the FASB issued an update to Accounting Standards Update 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting with Accounting Standards Update 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which updated the effective date to be March 12, 2020 through December 31, 2024. Pinnacle Financial implemented a transition plan to identify and convert its loans and other financial instruments, including certain indebtedness, with attributes that are either directly or indirectly influenced by LIBOR. Pinnacle Financial has moved substantially all of its LIBOR-based loans to its preferred replacement index, a Secured Overnight Financing Rate (SOFR) based index as of September 30, 2024. For Pinnacle Financial's currently outstanding LIBOR-based loans, the timing and manner in which each customer's interest rate transitions to a replacement index will vary on a case-by-case basis and should occur at the next repricing date for these loans. In June 2022, the FASB issued Accounting Standards Update 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions , which clarifies the guidance in ASC 820 when measuring the fair value of equity securities subject to contractual restrictions that prohibit the sale of an equity security. This update also requires specific disclosures related to these types of securities. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2023. Pinnacle Financial adopted ASU 2022-03 on January 1, 2024 and it did not have a material impact on Pinnacle Financial's accounting or disclosures. In March 2023, the FASB issued Accounting Standards Update 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method , which permits the use of the proportional amortization method of accounting for tax equity investments if certain conditions are met. A reporting entity makes the accounting policy election to apply the proportional amortization method on a tax-credit-program-by-tax-credit-program basis rather than electing to apply the proportional amortization method at the reporting entity or individual investment level. The amendments require specific disclosures that must be applied to all investments that generate tax credits and other income tax benefits from a tax credit program for which the entity has elected to apply the proportional amortization method. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2023. Pinnacle Financial adopted ASU 2023-02 on January 1, 2024 and it did not have a material impact on Pinnacle Financial's accounting or disclosures. Newly Issued Not Yet Effective Accounting Standards — In December 2023, the FASB issued Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which amends the guidance for income tax disclosures to include certain required disclosures related to tax rate reconciliations, including certain categories of expense requiring disclosure, income taxes paid, including disclosure of taxes paid disaggregated by nation, state, and foreign taxes, and other disclosures for disaggregation of income before income tax expense (or benefit) and income tax expense (or benefit) by domestic and foreign allocation. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2024. Early adoption is permitted. An entity should apply ASU 2023-09 on a prospective basis once adopted with retrospective application permitted. Pinnacle Financial is assessing ASU 2023-09 and its potential impact on its accounting and disclosures. Other than those pronouncements discussed above and those which have been recently adopted, Pinnacle Financial does not believe there were any other recently issued accounting pronouncements that may materially impact its consolidated financial statements. Subsequent Events — ASC Topic 855, Subsequent Events , establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before the financial statements are issued. Pinnacle Financial evaluated all events or transactions that occurred after September 30, 2024 through the date of the issued financial statements with no subsequent events being noted as of the date of this filing.

Equity method investment

Equity method investment	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Equity method investment	Note 2. Equity method investment A summary of BHG's financial position as of September 30, 2024 and December 31, 2023 and results of operations as of and for the three and nine months ended September 30, 2024 and 2023, were as follows (in thousands): As of September 30, 2024 December 31, 2023 Assets $ 3,737,126 $ 4,304,835 Liabilities 3,224,579 3,749,821 Equity interests 512,547 555,014 Total liabilities and equity $ 3,737,126 $ 4,304,835 For the three months ended For the nine months ended 2024 2023 2024 2023 Revenues $ 202,114 $ 311,276 $ 708,182 $ 924,560 Net income $ 34,058 $ 48,125 $ 105,623 $ 152,163 At September 30, 2024, technology, trade name and customer relationship intangibles associated with Pinnacle Bank's investment in BHG, net of related amortization, totaled $5.8 million compared to $6.0 million as of December 31, 2023. Amortization expense of $60,000 and $178,000, respectively, was included for the three and nine months ended September 30, 2024 compared to $88,000 and $262,000, respectively, for the same periods in the prior year. Accretion income of $34,000 and $108,000, respectively, was included in the three and nine months ended September 30, 2024 compared to $43,000 and $183,000, respectively, for the same periods in the prior year. During the three and nine months ended September 30, 2024, Pinnacle Bank received dividends of $24.8 million and $71.7 million, respectively, from BHG compared to $5.6 million and $33.2 million, respectively, received during the three and nine months ended September 30, 2023. Earnings from BHG are included in Pinnacle Financial's consolidated tax return. Profits from intercompany transactions are eliminated. During the three and nine months ended September 30, 2024 and 2023, Pinnacle Bank purchased no loans from BHG. At September 30, 2024 and December 31, 2023, there were $177.7 million and $263.0 million, respectively, of BHG joint venture program loans held by Pinnacle Bank. These loans were purchased from BHG by Pinnacle Bank at par and BHG and Pinnacle Bank share proportionately in the credit risk of the acquired loans based on the rate on the loan and the rate of the purchase. The yield on this portfolio to Pinnacle Bank is between 4.50% and 6.00% per annum. During the three and nine months ended September 30, 2024, Pinnacle Bank sold $10.2 million and $30.7 million, respectively, of BHG joint venture program loans back to BHG at par.

Securities

Securities	3 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Securities	Note 3. Securities The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 30, 2024 and December 31, 2023 are summarized as follows (in thousands): Amortized Gross Gross Fair September 30, 2024: Securities available-for-sale: U.S. Treasury securities $ 1,456,514 $ 17 $ 24,974 $ 1,431,557 U.S. Government agency securities 238,930 5 18,132 220,803 Mortgage-backed securities 1,729,398 10,878 85,919 1,654,357 State and municipal securities 1,526,844 11,819 42,231 1,496,432 Asset-backed securities 127,039 1,647 74 128,612 Corporate notes and other 481,651 1,973 24,397 459,227 $ 5,560,376 $ 26,339 $ 195,727 $ 5,390,988 Securities held-to-maturity: U.S. Treasury securities $ 69,974 $ — $ 1,348 $ 68,626 U.S. Government agency securities 340,158 — 10,979 329,179 Mortgage-backed securities 370,433 767 25,909 345,291 State and municipal securities 1,863,397 5,005 144,265 1,724,137 Asset-backed securities 176,557 63 6,801 169,819 Corporate notes and other 83,441 — 6,592 76,849 $ 2,903,960 $ 5,835 $ 195,894 $ 2,713,901 Allowance for credit losses - securities held-to-maturity (1,707) Securities held-to-maturity, net of allowance for credit losses $ 2,902,253 Amortized Gross Gross Fair December 31, 2023: Securities available-for-sale: U.S. Treasury securities $ 907,990 $ 2 $ 14,580 $ 893,412 U.S. Government agency securities 284,607 — 21,877 262,730 Mortgage-backed securities 1,071,963 444 125,017 947,390 State and municipal securities 1,604,874 26,129 45,108 1,585,895 Asset-backed securities 201,577 338 10,280 191,635 Corporate notes and other 477,761 69 41,362 436,468 $ 4,548,772 $ 26,982 258,224 $ 4,317,530 Securities held-to-maturity: U.S Treasury securities $ 90,309 $ — $ 3,840 $ 86,469 U.S. Government agency securities 364,769 — 19,187 345,582 Mortgage-backed securities 382,100 637 34,900 347,837 State and municipal securities 1,886,459 6,079 159,027 1,733,511 Asset-backed securities 198,418 — 14,228 184,190 Corporate notes 86,009 — 8,414 77,595 $ 3,008,064 $ 6,716 $ 239,596 $ 2,775,184 Allowance for credit losses - securities held-to-maturity (1,707) Securities held-to-maturity, net of allowance for credit losses $ 3,006,357 During the quarters ended March 31, 2022, March 31, 2020 and September 30, 2018, Pinnacle Financial transferred, at fair value, $1.1 billion, $873.6 million and $179.8 million, respectively, of securities from the available-for-sale portfolio to the held-to-maturity portfolio. The related net unrealized after tax losses of $1.5 million, net unrealized after tax gains of $69.0 million and net unrealized after tax losses of $2.2 million, respectively, on these transferred securities remained in accumulated other comprehensive income (loss) and are being amortized over the remaining life of the transferred securities, offsetting the related amortization of discount or premium on the transferred securities. No gains or losses were recognized at the time of the transfer. At September 30, 2024, approximately $2.8 billion of securities within Pinnacle Financial's investment portfolio were pledged to secure either public funds and other deposits or securities sold under agreements to repurchase. At September 30, 2024, repurchase agreements comprised of secured borrowings totaled $210.0 million and were secured by $210.0 million of pledged U.S. government agency securities, mortgage-backed securities, municipal securities, asset-backed securities and corporate notes. As the fair value of securities pledged to secure repurchase agreements may decline, Pinnacle Financial regularly evaluates its need to pledge additional securities to the customers with whom it has entered into the repurchase agreements for the customers to remain adequately secured. The amortized cost and fair value of debt securities as of September 30, 2024 by contractual maturity is shown below. Actual maturities may differ from contractual maturities of mortgage- and asset-backed securities since the mortgages and assets underlying the securities may be called or prepaid with or without penalty. Therefore, these securities are not included in the maturity categories in the following summary (in thousands): Available-for-sale Held-to-maturity September 30, 2024: Amortized Fair Amortized Fair Due in one year or less $ 5,075 $ 9,166 $ 138,251 $ 136,597 Due in one year to five years 227,176 214,064 307,863 294,076 Due in five years to ten years 452,701 425,872 80,695 75,397 Due after ten years 3,018,987 2,958,917 1,830,161 1,692,721 Mortgage-backed securities 1,729,398 1,654,357 370,433 345,291 Asset-backed securities 127,039 128,612 176,557 169,819 $ 5,560,376 $ 5,390,988 $ 2,903,960 $ 2,713,901 At September 30, 2024 and December 31, 2023, the following available-for-sale securities had unrealized losses. The table below classifies these investments according to the term of the unrealized losses of less than twelve months or twelve months or longer (in thousands): Investments with an Unrealized Loss of Investments with an Unrealized Loss of Total Investments with an Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized At September 30, 2024 U.S. Treasury securities $ 626,281 $ 7,625 $ 796,446 $ 17,349 $ 1,422,727 $ 24,974 U.S. Government agency securities — — 219,712 18,132 219,712 18,132 Mortgage-backed securities 391,774 3,313 617,752 82,606 1,009,526 85,919 State and municipal securities 144,268 10,194 534,808 32,037 679,076 42,231 Asset-backed securities 20,457 29 1,455 45 21,912 74 Corporate notes 34,070 1,075 280,418 23,322 314,488 24,397 Total temporarily-impaired securities $ 1,216,850 $ 22,236 $ 2,450,591 $ 173,491 $ 3,667,441 $ 195,727 At December 31, 2023 U.S. Treasury securities $ 693,621 $ 11,651 $ 192,500 $ 2,929 $ 886,121 $ 14,580 U.S. Government agency securities 14,989 11 247,648 21,866 262,637 21,877 Mortgage-backed securities 72,907 1,518 828,251 123,499 901,158 125,017 State and municipal securities 185,108 908 449,212 44,200 634,320 45,108 Asset-backed securities 42,207 254 122,469 10,026 164,676 10,280 Corporate notes 12,679 7 403,882 41,355 416,561 41,362 Total temporarily-impaired securities $ 1,021,511 $ 14,349 $ 2,243,962 $ 243,875 $ 3,265,473 $ 258,224 The applicable dates for determining when available-for-sale securities were in an unrealized loss position were September 30, 2024 and December 31, 2023. As such, it is possible that an available-for-sale security had a market value less than its amortized cost on other days during the twelve-month pe riods ended September 30, 2024 and December 31, 2023, but is not included in the "Investments with an Unrealized Loss of less t han 12 months" category above. As shown in the tables above, at September 30, 2024, Pinnacle Financial had approximately $195.7 million in unrealized losses on approximately $3.7 billion of available-for-sale securities. For any securities classified as available-for-sale that are in an unrealized loss position at the balance sheet date, Pinnacle Financial assesses whether or not it intends to sell the security, or more likely than not will be required to sell the security, before recovery of its amortized cost basis which would require a write-down to fair value through net income. Because Pinnacle Financial currently does not intend to sell those available-for-sale securities that have an unrealized loss at September 30, 2024, and it is not more-likely-than-not that Pinnacle Financial will be required to sell the securities before recovery of their amortized cost bases, which may be maturity, Pinnacle Financial has determined that no write-down is necessary. In addition, Pinnacle Financial evaluates whether any portion of the decline in fair value of available-for-sale securities is the result of credit deterioration, which would require the recognition of an allowance for credit losses. Such evaluations consider the extent to which the amortized cost of the security exceeds its fair value, changes in credit ratings and any other known adverse conditions related to the specific security. The unrealized losses associated with available-for-sale securities at September 30, 2024 are driven by changes in interest rates and are not due to the credit quality of the securities, and accordingly, no allowance for credit losses is considered necessary related to available-for-sale securities at September 30, 2024. These securities will continue to be monitored as a part of Pinnacle Financial's ongoing evaluation of credit quality. Management evaluates the financial performance of the issuers on a quarterly basis to determine if it is probable that the issuers can make all contractual principal and interest payments. The allowance for credit losses on held-to-maturity securities is measured on a collective basis by major security type. Pinnacle Financial has a zero loss expectation for U.S. treasury securities in addition to U.S. Government agency securities and mortgage-backed securities issued by Ginnie Mae, Fannie Mae and Freddie Mac, and accordingly, no allowance for credit losses is estimated for these securities. Credit losses on held-to-maturity state and municipal securities and corporate notes and other securities are estimated using third-party probability of default and loss given default models driven primarily by macroeconomic factors over a reasonable and supportable period of twenty-four months with an eight month reversion to average loss factors. At both September 30, 2024 and December 31, 2023, the estimated allowance for credit losses on these held-to-maturity securities was $1.7 million. Pinnacle Financial utilizes bond credit ratings assigned by third party ratings agencies to monitor the credit quality of debt securities held-to-maturity. At September 30, 2024, all debt securities classified as held-to-maturity were rated A or higher by the ratings agencies. Updated credit ratings are obtained as they become available from the ratings agencies. Periodically, available-for-sale securities may be sold or the composition of the portfolio realigned to improve yields, quality or marketability, or to implement changes in investment or asset/liability strategy, including maintaining collateral requirements and raising funds for liquidity purposes or preparing for anticipated changes in market interest rates. Additionally, if an available-for-sale security loses its investment grade or tax-exempt status, the underlying credit support is terminated or collection otherwise becomes uncertain based on factors known to management, Pinnacle Financial will consider selling the security, but will review each security on a case-by-case basis as these factors become known. No such securities were sold during three months ended September 30, 2024. During nine months ended September 30, 2024, $822.7 million of available-for-sale securities were sold resulting in gross realized gains of $86,000 and gross realized losses of $72.2 million. During the three and nine months ended September 30, 2023, $129.6 million and $303.1 million, respectively, of available-for-sale securities were sold resulting in gross realized gains of $289,000 and $302,000 and gross realized losses of $10.0 million and $20.0 million, respectively. Pinnacle Financial has entered into various fair value hedging transactions to mitigate the impact of changing interest rates on the fair values of available-for-sale securities. See Note 9. Derivative Instruments for disclosure of the gains and losses recognized on derivative instruments and the cumulative fair value hedging adjustments to the carrying amount of the hedged securities.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Loans and Allowance for Credit Losses	Note 4. Loans and Allowance for Credit Losses For financial reporting purposes, Pinnacle Financial classifies its loan portfolio based on the underlying collateral utilized to secure each loan. This classification is consistent with those utilized in the Quarterly Report of Condition and Income filed by Pinnacle Bank with the Federal Deposit Insurance Corporation (FDIC). Pinnacle Financial uses the following loan categories for presentation of loan balances and the related allowance for credit losses on loans: • Owner occupied commercial real estate mortgage loans - Owner occupied commercial real estate mortgage loans are secured by commercial office buildings, industrial buildings, warehouses or retail buildings where the owner of the building occupies the property. For such loans, repayment is largely dependent upon the operation of the borrower's business. • Non-owner occupied commercial real estate loans - These loans represent investment real estate loans secured by office buildings, industrial buildings, warehouses, retail buildings, and multifamily residential housing. Repayment is primarily dependent on lease income generated from the underlying collateral. • Consumer real estate mortgage loans - Consumer real estate mortgage consists primarily of loans secured by 1-4 family residential properties, including home equity lines of credit. Repayment is primarily dependent on the personal cash flow of the borrower. • Construction and land development loans - Construction and land development loans include loans where the repayment is dependent on the successful completion and eventual sale, refinance or operation of the related real estate project. Construction and land development loans include 1-4 family construction projects and commercial construction endeavors such as warehouses, apartments, office and retail space and land acquisition and development. • Commercial and industrial loans - Commercial and industrial loans include loans to business enterprises issued for commercial, industrial and/or other professional purposes. These loans are generally secured by equipment, inventory, and accounts receivable of the borrower and repayment is primarily dependent on business cash flows. • Consumer and other loans - Consumer and other loans include all loans issued to individuals not included in the consumer real estate mortgage classification. Examples of consumer and other loans are automobile loans, consumer credit cards and loans to finance education, among others. Many consumer loans are unsecured. Repayment is primarily dependent on the personal cash flow of the borrower. Loans at September 30, 2024 and December 31, 2023 were as follows (in thousands): September 30, 2024 December 31, 2023 Commercial real estate: Owner occupied $ 4,264,743 $ 4,044,896 Non-owner occupied 8,132,388 7,535,494 Consumer real estate – mortgage 4,907,766 4,851,531 Construction and land development 3,486,504 4,041,081 Commercial and industrial 12,986,865 11,666,691 Consumer and other 530,044 536,398 Subtotal $ 34,308,310 $ 32,676,091 Allowance for credit losses (391,534) (353,055) Loans, net $ 33,916,776 $ 32,323,036 Commercial loans receive risk ratings assigned by a financial advisor subject to validation by Pinnacle Financial's independent loan review department. Risk ratings are categorized as pass, special mention, substandard, substandard-nonaccrual or doubtful-nonaccrual. Each of the risk rating categories is further described below. Pass rated loans include multiple ratings categories representing varying degrees of risk attributes that are less than those of the other defined risk categories further described below. Pinnacle Financial believes its categories follow those used by Pinnacle Bank's primary regulators. At September 30, 2024, approximately 80% of Pinnacle Financial's loan portfolio was analyzed as a commercial loan type with a specifically assigned risk rating. Consumer loans and small business loans are generally not assigned an individual risk rating but are evaluated as either accrual or nonaccrual based on the performance of the individual loans. However, certain consumer real estate-mortgage loans and certain consumer and other loans receive a specific risk rating due to the loan proceeds being used for commercial purposes even though the collateral may be of a consumer loan nature. Consumer loans that have been placed on nonaccrual but have not otherwise been assigned a risk rating are believed by management to share risk characteristics with loans rated substandard-nonaccrual and have been presented as such in Pinnacle Financial's risk rating disclosures. Risk ratings are subject to continual review by a financial advisor and a senior credit officer. At least annually, Pinnacle Financial's credit procedures require that every risk rated loan of $1.5 million or more be subject to a formal credit risk review process. Each loan's risk rating is also subject to review by Pinnacle Financial's independent loan review department, which reviews a substantial portion of Pinnacle Financial's risk rated portfolio annually. Included in the coverage are independent reviews of loans in targeted higher-risk portfolio segments such as certain commercial and industrial loans, land loans and/or loan types in certain geographies. Following are the definitions of the risk rating categories used by Pinnacle Financial. Pass rated loans include all credits other than those included within these categories: • Special mention loans have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in Pinnacle Financial's credit position at some future date. • Substandard loans are inadequately protected by the current net worth and financial capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize collection of the debt. Substandard loans are characterized by the distinct possibility that Pinnacle Financial could sustain some loss if the deficiencies are not corrected. • Substandard-nonaccrual loans are substandard loans that have been placed on nonaccrual status. • Doubtful-nonaccrual loans have all the characteristics of substandard-nonaccrual loans with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The following tables present loan balances classified within each risk rating category by primary loan type and year of origination or most recent renewal as of September 30, 2024 and December 31, 2023, as well as the gross loan charge-offs by primary loan type and year of origination or most recent renewal for the nine months ended September 30, 2024 (in thousands): 2024 2023 2022 2021 2020 Prior Revolving Loans Total September 30, 2024 Commercial real estate - owner occupied Pass $ 519,550 $ 791,255 $ 1,098,122 $ 797,684 $ 455,593 $ 473,887 $ 72,777 $ 4,208,868 Special Mention 11,786 4,012 11,112 3,235 4,118 8,868 — 43,131 Substandard (1) — 3,153 927 86 83 767 — 5,016 Substandard-nonaccrual 4,294 849 — 1,832 — 753 — 7,728 Doubtful-nonaccrual — — — — — — — — Total Commercial real estate - owner occupied $ 535,630 $ 799,269 $ 1,110,161 $ 802,837 $ 459,794 $ 484,275 $ 72,777 $ 4,264,743 Current period gross charge-offs $ — (2,808) (4,480) (1,522) — (94) — $ (8,904) Commercial real estate - non-owner occupied Pass $ 940,400 $ 904,676 $ 3,037,444 $ 1,981,035 $ 501,402 $ 515,403 $ 107,025 $ 7,987,385 Special Mention 57,203 — 32,032 — 1,538 1,842 — 92,615 Substandard (1) — 13,483 — — — — — 13,483 Substandard-nonaccrual — 492 124 38,289 — — — 38,905 Doubtful-nonaccrual — — — — — — — — Total Commercial real estate - non-owner occupied $ 997,603 $ 918,651 $ 3,069,600 $ 2,019,324 $ 502,940 $ 517,245 $ 107,025 $ 8,132,388 Current period gross charge-offs $ (1,347) — — (2,000) — — — $ (3,347) Consumer real estate – mortgage Pass $ 270,935 $ 521,756 $ 909,163 $ 994,212 $ 410,196 $ 453,399 $ 1,315,112 $ 4,874,773 Special Mention — — — 370 — — — 370 Substandard (1) — — — — — — — — Substandard-nonaccrual 60 6,148 6,498 4,965 1,884 11,465 1,603 32,623 Doubtful-nonaccrual — — — — — — — — Total Consumer real estate – mortgage $ 270,995 $ 527,904 $ 915,661 $ 999,547 $ 412,080 $ 464,864 $ 1,316,715 $ 4,907,766 Current period gross charge-offs $ — — (41) — (18) (12) (717) $ (788) Construction and land development Pass $ 820,303 $ 671,283 $ 1,568,291 $ 329,150 $ 7,755 $ 6,895 $ 54,027 $ 3,457,704 Special Mention 504 — — 25,110 — — — 25,614 Substandard (1) — — — — — — — — Substandard-nonaccrual 1,179 1,995 — — 12 — — 3,186 Doubtful-nonaccrual — — — — — — — — Total Construction and land development $ 821,986 $ 673,278 $ 1,568,291 $ 354,260 $ 7,767 $ 6,895 $ 54,027 $ 3,486,504 Current period gross charge-offs $ — — — — — — — $ — Commercial and industrial Pass $ 3,075,697 $ 2,135,154 $ 1,780,693 $ 927,995 $ 248,559 $ 276,405 $ 4,294,026 $ 12,738,529 Special Mention 17,926 66,289 32,756 4,320 420 1,905 30,131 153,747 Substandard (1) 5,934 4,374 19,264 1,210 17 8,927 18,486 58,212 Substandard-nonaccrual 2,735 7,255 6,746 17,344 80 834 1,383 36,377 Doubtful-nonaccrual — — — — — — — — Total Commercial and industrial $ 3,102,292 $ 2,213,072 $ 1,839,459 $ 950,869 $ 249,076 $ 288,071 $ 4,344,026 $ 12,986,865 Current period gross charge-offs $ (716) (8,036) (11,719) (12,446) (701) (657) (16,336) $ (50,611) Consumer and other Pass $ 123,756 $ 20,548 $ 21,050 $ 48,355 $ 27,528 $ 732 $ 287,601 $ 529,570 Special Mention — — — — — — — — Substandard (1) — — — — — — — — Substandard-nonaccrual 405 — 2 41 25 1 — 474 Doubtful-nonaccrual — — — — — — — — Total Consumer and other $ 124,161 $ 20,548 $ 21,052 $ 48,396 $ 27,553 $ 733 $ 287,601 $ 530,044 Current period gross charge-offs $ (25) (282) (110) (2,818) (1,335) (7) (4,546) $ (9,123) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Total loans Pass $ 5,750,641 $ 5,044,672 $ 8,414,763 $ 5,078,431 $ 1,651,033 $ 1,726,721 $ 6,130,568 $ 33,796,829 Special Mention 87,419 70,301 75,900 33,035 6,076 12,615 30,131 315,477 Substandard (1) 5,934 21,010 20,191 1,296 100 9,694 18,486 76,711 Substandard-nonaccrual 8,673 16,739 13,370 62,471 2,001 13,053 2,986 119,293 Doubtful-nonaccrual — — — — — — — — Total loans $ 5,852,667 $ 5,152,722 $ 8,524,224 $ 5,175,233 $ 1,659,210 $ 1,762,083 $ 6,182,171 $ 34,308,310 Current period gross charge-offs $ (2,088) (11,126) (16,350) (18,786) (2,054) (770) (21,599) $ (72,773) 2023 2022 2021 2020 2019 Prior Revolving Loans Total December 31, 2023 Commercial real estate - owner occupied Pass $ 785,834 $ 1,123,425 $ 871,389 $ 502,260 $ 267,595 $ 357,339 $ 56,680 $ 3,964,522 Special Mention 1,595 37,324 5,300 2,252 5,306 4,701 — 56,478 Substandard (1) 5,528 9,331 3,262 1,145 568 610 — 20,444 Substandard-nonaccrual 1,781 615 686 53 — 317 — 3,452 Doubtful-nonaccrual — — — — — — — — Total Commercial real estate - owner occupied $ 794,738 $ 1,170,695 $ 880,637 $ 505,710 $ 273,469 $ 362,967 $ 56,680 $ 4,044,896 Commercial real estate - non-owner occupied Pass $ 1,304,109 $ 2,682,275 $ 1,737,275 $ 713,979 $ 505,767 $ 370,420 $ 107,841 $ 7,421,666 Special Mention — 30,229 — 6,745 216 5,335 — 42,525 Substandard (1) 25,723 2,969 — — 1,195 73 — 29,960 Substandard-nonaccrual — 153 40,180 — — 489 521 41,343 Doubtful-nonaccrual — — — — — — — — Total Commercial real estate - non-owner occupied $ 1,329,832 $ 2,715,626 $ 1,777,455 $ 720,724 $ 507,178 $ 376,317 $ 108,362 $ 7,535,494 Consumer real estate – mortgage Pass $ 573,120 $ 976,006 $ 1,056,720 $ 448,420 $ 207,790 $ 318,505 $ 1,253,091 $ 4,833,652 Special Mention — — — — — — — — Substandard (1) — — — — — — — — Substandard-nonaccrual 688 2,265 2,951 2,525 5,265 3,671 514 17,879 Doubtful-nonaccrual — — — — — — — — Total Consumer real estate – mortgage $ 573,808 $ 978,271 $ 1,059,671 $ 450,945 $ 213,055 $ 322,176 $ 1,253,605 $ 4,851,531 Construction and land development Pass $ 1,153,137 $ 1,930,062 $ 884,060 $ 12,102 $ 5,580 $ 6,369 $ 41,886 $ 4,033,196 Special Mention 2,728 — — 4,467 — — — 7,195 Substandard (1) — — — — — 82 — 82 Substandard-nonaccrual — 608 — — — — — 608 Doubtful-nonaccrual — — — — — — — — Total Construction and land development $ 1,155,865 $ 1,930,670 $ 884,060 $ 16,569 $ 5,580 $ 6,451 $ 41,886 $ 4,041,081 Commercial and industrial Pass $ 3,778,326 $ 2,103,473 $ 1,127,096 $ 325,176 $ 215,158 $ 142,806 $ 3,753,575 $ 11,445,610 Special Mention 11,125 22,806 12,457 532 144 1,847 45,025 93,936 Substandard (1) 10,142 2,243 25,311 145 359 9,028 60,986 108,214 Substandard-nonaccrual 10,436 4,193 1,583 409 359 735 1,215 18,930 Doubtful-nonaccrual — — — 1 — — — 1 Total Commercial and industrial $ 3,810,029 $ 2,132,715 $ 1,166,447 $ 326,263 $ 216,020 $ 154,416 $ 3,860,801 $ 11,666,691 2023 2022 2021 2020 2019 Prior Revolving Loans Total Consumer and other Pass $ 136,809 $ 28,774 $ 66,126 $ 37,015 $ 541 $ 656 $ 266,402 $ 536,323 Special Mention — — — — — — — — Substandard (1) — — — — — — — — Substandard-nonaccrual — — — — — — 75 75 Doubtful-nonaccrual — — — — — — — — Total Consumer and other $ 136,809 $ 28,774 $ 66,126 $ 37,015 $ 541 $ 656 $ 266,477 $ 536,398 Total loans Pass $ 7,731,335 $ 8,844,015 $ 5,742,666 $ 2,038,952 $ 1,202,431 $ 1,196,095 $ 5,479,475 $ 32,234,969 Special Mention 15,448 90,359 17,757 13,996 5,666 11,883 45,025 200,134 Substandard (1) 41,393 14,543 28,573 1,290 2,122 9,793 60,986 158,700 Substandard-nonaccrual 12,905 7,834 45,400 2,987 5,624 5,212 2,325 82,287 Doubtful-nonaccrual — — — 1 — — — 1 Total loans $ 7,801,081 $ 8,956,751 $ 5,834,396 $ 2,057,226 $ 1,215,843 $ 1,222,983 $ 5,587,811 $ 32,676,091 (1) Potential problem loans represent those loans with a well-defined weakness and where information about possible credit problems of borrowers has caused management to have doubts about the borrower's ability to comply with present repayment terms. This definition is believed to be substantially consistent with the standards established by Pinnacle Bank's primary regulators for loans classified as substandard, excluding loan modifications made to borrowers experiencing financial difficulty. Potential problem loans, which are not included in nonaccrual loans, amounted to approximately $48.2 million at September 30, 2024, compared to $127.4 million at December 31, 2023. The table below presents the aging of past due balances by loan segment at September 30, 2024 and December 31, 2023 (in thousands): September 30, 2024 30-59 days past due 60-89 days past due 90 days or more past due Total Current Total loans Commercial real estate: Owner occupied $ 4,052 $ 5,931 $ 3,629 $ 13,612 $ 4,251,131 $ 4,264,743 Non-owner occupied 974 — 38,413 39,387 8,093,001 8,132,388 Consumer real estate – mortgage 6,844 14,449 17,479 38,772 4,868,994 4,907,766 Construction and land development 67 — 2,696 2,763 3,483,741 3,486,504 Commercial and industrial 14,581 7,268 18,584 40,433 12,946,432 12,986,865 Consumer and other 3,880 2,155 1,204 7,239 522,805 530,044 Total $ 30,398 $ 29,803 $ 82,005 $ 142,206 $ 34,166,104 $ 34,308,310 December 31, 2023 Commercial real estate: Owner occupied $ 1,671 $ 507 $ 3,398 $ 5,576 $ 4,039,320 $ 4,044,896 Non-owner occupied 40,577 489 153 41,219 7,494,275 7,535,494 Consumer real estate – mortgage 21,585 1,352 10,824 33,761 4,817,770 4,851,531 Construction and land development 621 28 608 1,257 4,039,824 4,041,081 Commercial and industrial 14,197 28,221 16,890 59,308 11,607,383 11,666,691 Consumer and other 5,286 1,868 1,496 8,650 527,748 536,398 Total $ 83,937 $ 32,465 $ 33,369 $ 149,771 $ 32,526,320 $ 32,676,091 The following table details the changes in the allowance for credit losses for the three and nine months ended September 30, 2024 and 2023, respectively, by loan classification (in thousands): Commercial real estate - owner occupied Commercial real estate - non-owner occupied Consumer Construction and land development Commercial and industrial Consumer Total Three months ended September 30, 2024: Balance at June 30, 2024 $ 29,847 $ 78,964 $ 80,247 $ 30,035 $ 154,014 $ 8,494 $ 381,601 Charged-off loans — (266) (126) — (19,842) (2,905) (23,139) Recovery of previously charged-off loans 11 12 168 — 3,281 1,319 4,791 Provision for credit losses on loans 1,842 2,053 (4,102) 2,340 24,918 1,230 28,281 Balance at September 30, 2024 $ 31,700 $ 80,763 $ 76,187 $ 32,375 $ 162,371 $ 8,138 $ 391,534 Three months ended September 30, 2023: Balance at June 30, 2023 $ 26,497 $ 55,108 $ 59,374 $ 38,855 $ 148,418 $ 9,207 $ 337,459 Charged-off loans — — (168) (3) (20,330) (4,208) (24,709) Recovery of previously charged-off loans 52 44 374 86 3,831 2,229 6,616 Provision for credit losses on loans 1,329 2,097 10,917 (1,908) 12,383 2,008 26,826 Balance at September 30, 2023 $ 27,878 $ 57,249 $ 70,497 $ 37,030 $ 144,302 $ 9,236 $ 346,192 Nine months ended September 30, 2024: Balance at December 31, 2023 $ 28,690 $ 57,687 $ 71,354 $ 39,142 $ 148,212 $ 7,970 $ 353,055 Charged-off loans (8,904) (3,347) (788) — (50,611) (9,123) (72,773) Recovery of previously charged-off loans 153 40 849 9 10,030 4,234 15,315 Provision for credit losses on loans 11,761 26,383 4,772 (6,776) 54,740 5,057 95,937 Balance at September 30, 2024 $ 31,700 $ 80,763 $ 76,187 $ 32,375 $ 162,371 $ 8,138 $ 391,534 Nine months ended September 30, 2023: Balance at December 31, 2022 $ 26,617 $ 40,479 $ 36,536 $ 36,114 $ 144,353 $ 16,566 $ 300,665 Charged-off loans — — (598) (3) (45,158) (11,857) (57,616) Recovery of previously charged-off loans 66 1,233 1,989 337 11,959 6,877 22,461 Provision for credit losses on loans 1,195 15,537 32,570 582 33,148 (2,350) 80,682 Balance at September 30, 2023 $ 27,878 $ 57,249 $ 70,497 $ 37,030 $ 144,302 $ 9,236 $ 346,192 The adequacy of the allowance for credit losses is reviewed by Pinnacle Financial's management on a quarterly basis. This assessment includes procedures to estimate the allowance and test the adequacy and appropriateness of the resulting balance. The level of the allowance is based upon management's evaluation of historical default and loss experience, current and projected economic conditions, asset quality trends, known and inherent risks in the portfolio, adverse situations that may affect the borrowers' ability to repay the loan (including the timing of future payment), the estimated value of any underlying collateral, composition of the loan portfolio, industry and peer bank loan quality indications and other pertinent factors, including regulatory recommendations. The level of the allowance for credit losses maintained by management is believed to be adequate to absorb all expected future losses inherent in the loan portfolio at the balance sheet date. The allowance is increased by provisions charged to expense and decreased by charge-offs, net of recoveries of amounts previously charged-off. The current expected credit losses (CECL) methodology requires the allowance for credit losses to be measured on a collective basis for pools of loans with similar risk characteristics, and for loans that do not share similar risk characteristics with the collectively evaluated pools, evaluations are performed on an individual basis. For commercial real estate, consumer real estate, construction and land development, and commercial and industrial loans, Pinnacle Financial primarily utilizes a probability of default and loss given default modeling approach. These models utilize historical correlations between default and loss experience, loan level attributes, and certain macroeconomic factors as determined through a statistical regression analysis. Segments using this approach incorporate various economic drivers. Commercial and industrial loans consider gross domestic product (GDP), the consumer credit index and the national unemployment rate, commercial construction loans and commercial real estate loans including nonowner occupied and owner occupied commercial real estate loans consider the national unemployment rate and the commercial property and commercial real estate price indices, construction and land development loans consider the commercial property, consumer credit and home price indices dependent upon their use as residential versus commercial, consumer real estate loans consider the home price index and household debt ratio and other consumer loans consider the national unemployment rate and the household financial obligations ratio. A third-party provides management with quarterly macroeconomic scenarios, which management evaluates to determine the best estimate of the expected losses. For the consumer and other loan segment, a non-statistical approach based on historical charge off rates is utilized. Losses are predicted over a period of time determined to be reasonable and supportable, and at the end of the reasonable and supportable period losses are reverted to long term historical averages. The reasonable and supportable period and reversion period are re-evaluated each quarter by Pinnacle Financial and are dependent on the current economic environment among other factors. A reasonable and supportable period of fifteen months was utilized for all loan segments at September 30, 2024 and December 31, 2023, followed by a twelve month straight line reversion to long term averages at each measurement date. The estimated loan losses for all loan segments are adjusted for changes in qualitative factors not inherently considered in the quantitative analyses. These adjustments are based upon quarterly trend assessments in portfolio concentrations, policy exceptions, associate retention, independent loan review results, competition and peer group credit quality trends. The qualitative allowance allocation, as determined by the processes noted above, is increased or decreased for each loan segment based on the assessment of these various qualitative factors. Loans that do not share similar risk characteristics with the collectively evaluated pools are evaluated on an individual basis and are excluded from the collectively evaluated pools. Individual evaluations are generally performed for loans greater than $1.0 million which have experienced significant credit deterioration. Such loans are evaluated for credit losses based on either discounted cash flows or the fair value of collateral. The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, as of September 30, 2024 and December 31, 2023 (in thousands): Real Estate Business Assets Other Total September 30, 2024 Commercial real estate: Owner occupied $ 8,799 $ — $ — $ 8,799 Non-owner occupied 54,894 — — 54,894 Consumer real estate – mortgage 34,693 — — 34,693 Construction and land development 3,241 — — 3,241 Commercial and industrial — 46,654 709 47,363 Consumer and other — — — — Total $ 101,627 $ 46,654 $ 709 $ 148,990 December 31, 2023 Commercial real estate: Owner occupied $ 22,284 $ — $ — $ 22,284 Non-owner occupied 69,577 — — 69,577 Consumer real estate – mortgage 20,389 — — 20,389 Construction and land development 668 — — 668 Commercial and industrial — 31,625 552 32,177 Consumer and other — — — — Total $ 112,918 $ 31,625 $ 552 $ 145,095 The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. Pinnacle Financial uses a probability of default/loss given default model to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. Occasionally, a loan modification will be granted by providing principal forgiveness on certain loans. When principal forgiveness is provided, the amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is charged-off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. In some cases, a loan restructuring will result in providing multiple types of modifications. Typically, one type of modification, such as a payment delay or term extension, is granted initially. If the borrower continues to experience financial difficulty, another modification, such as principal forgiveness or an interest rate reduction, may be granted. Additionally, multiple types of modifications may be made on the same loan within the current reporting period. Such a combination is at least two of the following: a payment delay, term extension, principal forgiveness, and interest rate reduction. Upon determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. The following table shows the amortized cost basis of the loans modified to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024 and 2023, disaggregated by class of loans and type of modification granted and describes the financial effect of the modifications made to borrowers experiencing financial difficulty (in thousands): Three and nine months ended September 30, 2024 Combination Amortized Cost Basis % of Total Loan Type Financial Effect Commercial real estate: Owner occupied $ — — Non-owner occupied — — Consumer real estate – mortgage — — Construction and land development — — Commercial and industrial 15,003 0.12 % Reduced the weighted average contractual interest rate by 0.5% and added a weighted average 1.92 years to the term Consumer and other — — Total $ 15,003 Three and nine months ended September 30, 2023 Payment Delay Term Extension Combination¹ Total % Total % Total % Total Commercial real estate: Owner occupied $ — — % $ 5,528 0.14 % $ — — % $ 5,528 Non-owner occupied 11,165 0.15 % — — % 13,476 0.18 % 24,641 Consumer real estate – mortgage — — % — — % — — % — Construction and land development — — % — — % — — % — Commercial and industrial — — % 3,225 0.03 % — — % 3,225 Consumer and other — — % — — % — — % — Total $ 11,165 $ 8,753 $ 13,476 $ 33,394 ¹ The combination includes payment delay, term extension, and an interest rate reduction. Three and nine months ended September 30, 2023 Financial Effect Payment Delay: Non-owner occupied Implemented interest-only payments until loan maturity Term Extension: Owner Occupied Added a weighted average 0.25 years to the term of the modified loans Commercial and industrial Added a weighted average 0.25 years to the term of the modified loans Combination: Non-owner Occupied Reduced weighted average contractual interest rate by 0.55%, added a weighted average 2 years to the term and implemented an alternative payment schedule until loan maturity During the three months ended September 30, 2024, no loans experienced a payment default subsequent to being granted a modification in the prior twelve months. Pinnacle Financial charged off $2.8 million of owner occupied commercial real estate and $1.1 million of non-owner occupied commercial real estate loans that were previously modified and subsequently defaulted during the nine months ended September 30, 2024. The table below presents the aging of past due balances as of September 30, 2024 and September 30, 2023 of loans made to borrowers experiencing financial difficulty that were modified in the previous twelve months: September 30, 2024 30-59 days past due 60-89 days past due 90 days or more past due Current Total modified loans Commercial real estate: Owner occupied $ — $ — $ — $ — $ — Non-owner occupied — — — — — Consumer real estate – mortgage — — — — — Construction and land development — — — — — Commercial and industrial — — — 15,003 15,003 Consumer and other — — — — — Total $ — $ — $ — $ 15,003 $ 15,003 September 30, 2023 Commercial real estate: Owner occupied $ — $ — $ — $ 5,528 $ 5,528 Non-owner occupied — — — 24,641 24,641 Consumer real estate – mortgage — — — — — Construction and land development — — — — — Commercial and industrial — — — 3,225 3,225 Consumer and other — — — — — Total $ — $ — $ — $ 33,394 $ 33,394 The table below presents the amortized cost basis of loans on nonaccrual status and loans past due 90 or more days and still accruing interest at September 30, 2024 and December 31, 2023. Also presented is the balance of loans on nonaccrual status at September 30, 2024 for which there was no related allowance for credit losses recorded (in thousands): September 30, 2024 December 31, 2023 Total nonaccrual loans Nonaccrual loans with no allowance for credit losses Loans past due 90 or more days and still accruing Total nonaccrual loans Nonaccrual loans with no allowance for credit losses Loans past due 90 or more days and still accruing Commercial real estate: Owner occupied $ 7,728 $ 3,951 $ — $ 3,452 $ 122 $ — Non-owner occupied 38,905 — — 41,343 40,669 — Consumer real estate – mortgage 32,623 1,376 11 17,879 — 781 Construction and land development 3,186 319 — 608 — — Commercial and industrial 36,377 17,874 2,783 18,931 519 3,802 Consumer and other 474 — 817 75 — 1,421 Total $ 119,293 $ 23,520 $ 3,611 $ 82,288 $ 41,310 $ 6,004 Pinnacle Financial's policy is the accrual of interest income will be discontinued when (1) there is a significant deterioration in the financial condition of the borrower and full repayment of principal and interest is not expected or (2) the principal or interest is more than 90 days past due, unless the loan is both well secured and in the process of collection. As such, at the date loans are placed on nonaccrual status, Pinnacle Financial reverses all previously accrued interest income against current year earnings. Pinnacle Financial's policy is once a loan is placed on nonaccrual status each subsequent payment is reviewed on a case-by-case basis to determine if the payment should be applied to interest or principal pursuant to regulatory guidelines. Pinnacle Financial recognized no interest income from cash payments received on nonaccrual loans during the three and nine months ended September 30, 2024 and 2023. Had these loans been on accruing status, an additional $2.5 million and $6.6 million of interest income would have been recognized for the three and nine months ended September 30, 2024, respectively, compared to an additional $1.2 million and $3.1 million for the three and nine months ended September 30, 2023, respectively. Approximately $33.4 million and $7.9 million of nonaccrual loans were performing pursuant to their contractual terms as of September 30, 2024 and December 31, 2023, respectively. Pinnacle Financial analyzes its commercial loan portfolio to determine if a concentration of credit risk exists to any industries. Pinnacle Financial utilizes broadly accepted industry classification systems in order to classify borrowers into various industry classifications. Pinnacle Financial has a credit exposure (loans outstanding plus unfunded lines of credit) exceeding 25% of Pinnacle Bank's total risk-based capital to borrowers in the following industries at September 30, 2024 with the comparative exposures for December 31, 2023 (in thousands): September 30, 2024 Outstanding Principal Balances Unfunded Commitments Total exposure Total Exposure at December 31, 2023 Lessors of nonresidential buildings $ 4,578,913 $ 872,139 $ 5,451,052 $ 5,916,335 Lessors of residential buildings 2,278,972 609,958 2,888,930 3,179,041 New Housing For-Sale Builders 562,830 806,163 1,368,993 1,396,653 Music Publishers 862,574 307,707 1,170,281 1,219,781 Among other data, Pinnacle Financial monitors two ratios regarding construction and commercial real estate lending as part of its concentration management processes. Both ratios are calculated by dividing certain types of loan balances for each of the two categories by Pinnacle Bank’s total risk-based capital. At September 30, 2024 and December 31, 2023, Pinnacle Bank’s construction and land development loans as a percentage of total risk-based capital were 68.2% and 84.2%, respectively. Non-owner occupied commercial real estate and multifamily loans (including con

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Servicing Assets at Fair Value Disclosure	Note 5. Mortgage Servicing Rights On March 31, 2024, Pinnacle Financial recognized a mortgage servicing asset totaling $11.8 million related to a commercial mortgage loan portfolio. Upon the sale of these commercial loans, the rights to service loans (MSRs) are capitalized and represent the fair value of future net servicing fees from servicing activities associated with these commercial mortgage loans. Pinnacle Financial has elected to account for this class of MSRs under the fair value measurement method. Pinnacle Financial recognizes MSRs upon the sale of commercial mortgage loans to external third parties when it retains the obligation to service the loans. MSRs are included in other assets on the consolidated balance sheets with any subsequent changes in fair value being recognized in other noninterest income. The MSR asset fair value is determined using a discounted cash flow model which incorporates key assumptions such as, prepayment speeds, interest rates, discount rates, and other economic factors. The following is a summary of the changes in the carrying value of MSRs, accounted for at fair value, for the three and nine months ended September 30, 2024. ` Three months ended Nine months ended September 30, 2024 September 30, 2024 Fair value, beginning of period $ 11,301 $ — Initial recognition of servicing asset — 11,812 Additions from loans sold with servicing retained 32 170 Estimate of changes in fair value due to: Payoffs, paydowns, and repurchases (48) (212) Changes in valuation inputs or assumptions (327) (812) Fair value, end of period $ 10,958 $ 10,958

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 6. Income Taxes ASC 740, Income Taxes , defines the threshold for recognizing the benefits of tax return positions in the financial statements as "more-likely-than-not" to be sustained by the taxing authority. This section also provides guidance on the derecognition, measurement and classification of income tax uncertainties, along with any related interest and penalties, and includes guidance concerning accounting for income tax uncertainties in interim periods. The unrecognized tax benefit related to uncertain tax positions related to state income tax filings was $8.4 million and $8.8 million at September 30, 2024 and December 31, 2023, respectively. During the three and nine months ended September 30, 2024, Pinnacle Financial paid $55,000 and $365,000, respectively, in taxes related to state income tax filings for tax years prior to 2024. During the three months ended September 30, 2023, Pinnacle Financial paid no taxes related to state income tax filings for tax years prior to 2023. During the nine months ended September 30, 2023, Pinnacle Financial paid $6.3 million in taxes related to state income tax filings for tax years prior to 2023. Pinnacle Financial's policy is to recognize interest and/or penalties related to income tax matters in income tax expense. No interest and penalties were recognized during the three and nine months ended September 30, 2024 and September 30, 2023. Pinnacle Financial's effective tax rate for the three and nine months ended September 30, 2024 was 19.0% and 18.5%, respectively, compared to 21.1% and 20.2% for the three and nine months ended September 30, 2023, respectively. The difference between the effective tax rate and the federal and state income tax statutory rate of 25.00% at September 30, 2024 and 2023, respectively, is primarily due to investments in bank qualified municipal securities, tax benefits of Pinnacle Bank's real estate investment trust subsidiary, participation in the Tennessee Community Investment Tax Credit program, and tax benefits associated with share-based compensation and bank-owned life insurance, offset in part by the limitation on deductibility of meals and entertainment expense, non-deductible FDIC premiums and non-deductible executive compensation. Income tax expense is also impacted by the vesting of equity-based awards and the exercise of employee stock options, which as expense or benefit is recorded as a discrete item as a component of total income tax, the amount of which is dependent upon the change in the grant date fair value and the vest date fair value of the underlying award. For the three and nine months ended September 30, 2024 and 2023, Pinnacle Financial recognized excess tax benefits of $131,000 and $2.6 million, respectively, compared to tax expense of $16,000 and excess tax benefits of $241,000, respectively, with respect to the vesting of equity-based awards and the exercise of employee stock options.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Note 7. Commitments and Contingent Liabilities In the normal course of business, Pinnacle Financial has entered into off-balance sheet financial instruments which include commitments to extend credit (i.e., including unfunded lines of credit) and standby letters of credit. Commitments to extend credit are usually the result of lines of credit granted to existing borrowers under agreements that the total outstanding indebtedness will not exceed a specific amount during the term of the indebtedness. Typical borrowers are commercial concerns that use lines of credit to supplement their treasury management functions, thus their total outstanding indebtedness may fluctuate during any time period based on the seasonality of their business and the resultant timing of their cash flows. Other typical lines of credit are related to home equity loans granted to consumers. Commitments to extend credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. At September 30, 2024, these commitments amounted to $14.4 billion, of which approximately $1.8 billion related to home equity lines of credit. Standby letters of credit are generally issued on behalf of an applicant (customer) to a specifically named beneficiary and are the result of a particular business arrangement that exists between the applicant and the beneficiary. Standby letters of credit have fixed expiration dates and are usually for terms of two years or less unless terminated beforehand due to criteria specified in the standby letter of credit. A typical arrangement involves the applicant routinely being indebted to the beneficiary for such items as inventory purchases, insurance, utilities, lease guarantees or other third party commercial transactions. The standby letter of credit would permit the beneficiary to obtain payment from Pinnacle Financial under certain prescribed circumstances. Subsequently, Pinnacle Financial would then seek reimbursement from the applicant pursuant to the terms of the standby letter of credit. At September 30, 2024 and December 31, 2023, these commitments amounted to $380.1 million and $325.1 million, respectively. Pinnacle Financial typically follows the same credit policies and underwriting practices when making these commitments as it does for on-balance sheet instruments. Each customer's creditworthiness is typically evaluated on a case-by-case basis, and the amount of collateral obtained, if any, is based on management's credit evaluation of the customer. Collateral held varies but may include cash, real estate and improvements, marketable securities, accounts receivable, inventory, equipment and personal property. The contractual amounts of these commitments are not reflected in the consolidated financial statements and only amounts drawn upon would be reflected in the future. Since many of the commitments are expected to expire without being drawn upon, the contractual amounts do not necessarily represent future cash requirements. However, should the commitments be drawn upon and should Pinnacle Bank's customers default on their resulting obligation to Pinnacle Bank, the maximum exposure to credit loss, without consideration of collateral, is represented by the contractual amount of those commitments. At September 30, 2024 and December 31, 2023, Pinnacle Financial had accrued reserves of $12.5 million and $17.5 million, respectively, for the inherent risks associated with these off-balance sheet commitments. The provision for these unfunded commitments decreased $2.0 million and $5.0 million, respectively, for the three and nine months ended September 30, 2024. There was no provision for these unfunded commitments for the three months ended September 30, 2023 and a decrease of $3.5 million for the nine months ended September 30, 2023. Various legal claims also arise from time to time in the normal course of business. In the opinion of management, the resolutions of these claims outstanding at September 30, 2024 are not expected to have a material adverse impact on Pinnacle Financial's consolidated financial condition, operating results or cash flows.

Stock Options and Restricted Sh

Stock Options and Restricted Shares	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Options and Restricted Shares	Note 8. Equity Compensation Pinnacle Financial's Second Amended and Restated 2018 Omnibus Equity Incentive Plan (2018 Plan) permits Pinnacle Financial to reissue outstanding awards that are subsequently forfeited, settled in cash, withheld by Pinnacle Financial to cover withholding taxes or expire unexercised and returned to the 2018 Plan. On April 23, 2024, Pinnacle Financial's common shareholders approved the second amendment and restatement of the 2018 Plan that, among other things, authorized an additional 1.0 million shares for issuance under the 2018 Plan. At September 30, 2024, there were approximately 1.7 million shares available for issuance under the 2018 Plan. Restricted Share Awards A summary of activity for unvested restricted share awards for the nine months ended September 30, 2024 is as follows: Number Grant Date Unvested at December 31, 2023 703,399 $ 77.68 Shares awarded 240,016 Restrictions lapsed and shares released to associates/directors (205,393) Shares forfeited (25,484) Unvested at September 30, 2024 712,538 $ 81.70 Pinnacle Financial has granted restricted share awards to associates (including certain members of executive management) and outside directors with time-based vesting criteria. Compensation expense associated with time-based vesting restricted share awards is recognized over the time period that the restrictions associated with the awards lapse on a straight-line basis based on the total cost of the award. The following table outlines restricted stock grants that were made, grouped by similar vesting criteria, during the nine months ended September 30, 2024. The table reflects the life-to-date activity for these awards: Grant Group (1) Vesting Shares Restrictions lapsed and shares released to participants Shares withheld for taxes by participants Shares forfeited by participants (4) Shares unvested Time Based Awards 2024 Associates (2) 5 230,126 146 98 6,013 223,869 Outside Director Awards (3) 2024 Outside directors 1 9,890 — — — 9,890 (1) Groups include employees (referred to as associates above) and outside directors. When the restricted shares are awarded, a participant receives voting rights and forfeitable dividend rights with respect to the shares, but is not able to transfer the shares until the restrictions have lapsed. Once the restrictions lapse, the participant is taxed on the value of the award and may elect to sell some shares (or have Pinnacle Financial withhold some shares) to pay the applicable income taxes associated with the award. Alternatively, the recipient can pay the withholding taxes in cash. For time-based vesting restricted share awards, dividends paid on shares for which the forfeiture restrictions do not lapse will be recouped by Pinnacle Financial at the time of termination. For awards to Pinnacle Financial's directors, dividends are placed into escrow until the forfeiture restrictions on such shares lapse. (2) The forfeiture restrictions on these restricted share awards lapse in equal annual installments on the anniversary date of the grant. (3) Restricted share awards are issued to the outside members of the board of directors in accordance with their board compensation plan. Restrictions lapse on March 1, 2025 based on each individual board member meeting attendance goals for the various board and board committee meetings to which each member was scheduled to attend. (4) These shares represent forfeitures resulting from recipients whose employment was terminated during the year-to-date period ended September 30, 2024. Any dividends paid on shares for which the forfeiture restrictions do not lapse will be recouped by Pinnacle Financial at the time of termination or will not be distributed from escrow, as applicable. Restricted Stock Unit Awards A summary of activity for unvested restricted stock units for the nine months ended September 30, 2024 is as follows: Number Grant Date Unvested at December 31, 2023 102,877 $ 78.03 Shares awarded 57,480 Restrictions lapsed and shares released to associates (49,280) Shares forfeited (1,239) Unvested at September 30, 2024 109,838 $ 80.83 Pinnacle Financial grants restricted stock units to its Named Executive Officers (NEOs) and leadership team members with time-based vesting criteria. Compensation expense associated with time-based vesting restricted stock unit awards is recognized over the time period that the restrictions associated with the awards lapse on a straight-line basis based on the total cost of the award. The following table outlines restricted stock unit grants that were made, grouped by similar vesting criteria, during the nine months ended September 30, 2024. The table reflects the life-to-date activity for these awards: Grant year Vesting Shares Restrictions lapsed and shares released to participants Shares withheld for taxes by participants Shares forfeited by participants (1) Shares unvested 2024 3 57,480 24 8 569 56,879 (1) These shares represent forfeitures resulting from recipients whose employment was terminated during the year-to-date period ended September 30, 2024. Dividend equivalents are held in escrow for award recipients for dividends paid prior to the forfeiture restrictions lapsing. Such dividend equivalents are not released from escrow if an award is forfeited. Performance Stock Unit Awards The following table details the performance stock unit awards outstanding at September 30, 2024: Units Awarded Grant year NEOs (1) Leadership Team other than NEOs Applicable performance periods associated with each tranche Service period per tranche Subsequent holding period per tranche Period in which units to be settled into shares of common stock (2) 2024 80,211 — 192,499 53,710 2024-2026 0 0 2027 2023 103,136 — 247,515 61,673 2023-2025 0 0 2026 2022 56,465 — 135,514 32,320 2022-2024 0 0 2025 2022 — — 230,000 — 2022-2024 0 1 2026 2020 136,137 — 204,220 59,648 2020 2 3 2025 2021 2 2 2025 2022 2 1 2025 (1) The named executive officers are awarded a range of awards that generally may be earned based on attainment of goals between a target level of performance and a maximum level of performance. The 230,000 performance units awarded to the NEOs in 2022 may be earned based on target level performance and do not include a maximum level payout. (2) Performance stock unit awards granted in or after 2022, if earned, will be settled in shares of Pinnacle Financial common stock in the period noted in the table, if the performance criterion included in the applicable performance unit award agreement are met. During the nine months ended September 30, 2024 and 2023, respectively, the restrictions associated with 435,863 and 111,108 performance stock unit awards previously granted lapsed based on the terms of the underlying award agreements and approval by Pinnacle Financial's Human Resources and Compensation Committee, and were settled into shares of Pinnacle Financial common stock with 158,513 and 38,782 shares, respectively, being withheld to pay the taxes associated with the settlement of those shares. Stock compensation expense related to restricted share awards, restricted stock unit awards and performance stock unit awards for the three and nine months ended September 30, 2024 was $10.4 million and $31.4 million, respectively, compared to $10.1 million and $29.6 million, respectively, for the three and nine months ended September 30, 2023. As of September 30, 2024, the total compensation cost related to unvested restricted share awards, restricted stock unit awards and performance stock unit awards estimated at maximum performance not yet recognized was $71.0 million. This expense, if the underlying units are earned, is expected to be recognized over a weighted-average period of 1.93 years.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 9. Derivative Instruments Financial derivatives are reported at fair value in other assets or other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship and classification as either a cash flow hedge or fair value hedge for those derivatives which are designated as part of a hedging relationship. Pinnacle Financial's derivative instruments with certain counterparties contain legally enforceable netting that allow multiple transactions to be settled into a single amount. The fair value hedge and interest rate swaps (swaps) assets and liabilities are presented at gross fair value before the application of bilateral collateral and master netting agreements, but after the initial margin posting and daily variation margin payments made with central clearing house organizations. Total fair value hedge and swaps assets and liabilities are adjusted to take into consideration the effects of legally enforceable master netting agreements and cash collateral received or paid as of September 30, 2024 and December 31, 2023. The resulting net fair value hedge and swaps asset and liability fair values are included in other assets and other liabilities, respectively, on the consolidated balance sheets. The daily settlement of the derivative exposure does not change or reset the contractual terms of the instrument. Non-hedge derivatives For derivatives not designated as hedges, the gain or loss is recognized in current period earnings. Pinnacle Financial enters into swaps to facilitate customer transactions and meet their financing needs. Upon entering into these instruments to meet customer needs, Pinnacle Financial enters into offsetting positions in order to minimize the risk to Pinnacle Financial. These swaps qualify as derivatives, but are not designated as hedging instruments. The income statement impact of the offsetting positions is limited to changes in the reserve for counterparty credit risk. A summary of Pinnacle Financial's interest rate swaps to facilitate customers' transactions as of September 30, 2024 and December 31, 2023 is included in the following table (in thousands): September 30, 2024 December 31, 2023 Notional Estimated Fair Value (1) Notional Estimated Fair Value (1) Interest rate swap agreements: Assets $ 2,358,376 $ 43,972 $ 2,037,740 $ 66,462 Liabilities 2,358,376 (44,487) 2,037,740 (67,206) Total $ 4,716,752 $ (515) $ 4,075,480 $ (744) (1) The variation margin payments for derivatives cleared through central clearing houses are characterized as settlements. At September 30, 2024 and December 31, 2023, there were no interest rate swap agreements designated as non-hedge derivatives cleared through clearing houses. The effects of Pinnacle Financial's interest rate swaps to facilitate customers' transactions on the income statement during the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Amount of Loss Recognized in Income Location of Loss Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Interest rate swap agreements Other noninterest income $ 414 $ (265) $ 223 $ (847) On June 28, 2024, Pinnacle Financial executed a credit default swap (CDS) with a counterparty with a notional amount of $86.5 million. The CDS notional amount is equal to 5% of a reference pool of $1.7 billion in first lien consumer real estate - mortgage loans whereby the counterparty will assume the first loss position for these loans up to approximately $86.5 million in aggregate losses. Pinnacle Financial will pay to the counterparty an annual loss protection fee equal to 7.95% of the corresponding notional amount of the CDS for as long as the loans in the reference pool remain outstanding. The notional amount of the CDS will decline over time as the loans in the reference portfolio are paid down, mature or the counterparty absorbs the first loss portion of losses on those loans. The CDS qualifies as a derivative, but is not designated as a hedging instrument. Changes in the fair value of the CDS are recognized as a gain or loss in current period earnings in other noninterest income. A summary of Pinnacle Financial's CDS as of September 30, 2024 and December 31, 2023 is included in the following table (in thousands): September 30, 2024 December 31, 2023 Notional Estimated Fair Value Notional Estimated Fair Value Credit default swap $ 83,558 $ (137) $ — $ — The effects of Pinnacle Financial's CDS on the income statement during the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Amount of Loss Recognized in Income Location of Loss Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Credit default swap Other noninterest income $ (137) $ — $ (137) $ — Derivatives designated as cash flow hedges For derivative instruments that are designated and qualify as a cash flow hedge, the aggregate fair value of the derivative instrument is recorded in other assets or other liabilities with any gain or loss related to changes in fair value recorded in accumulated other comprehensive income (loss), net of tax. The gain or loss is reclassified into earnings in the same period during which the hedged asset or liability affects earnings and is presented in the same income statement line item as the earnings effect of the hedged asset or liability. Pinnacle Financial uses forward cash flow hedge relationships in an effort to manage future interest rate exposure. A summary of the cash flow hedge relationships as of September 30, 2024 and December 31, 2023 is as follows (in thousands): September 30, 2024 December 31, 2023 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Receive Rate Pay Rate Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset derivatives Interest rate floor - loans Other assets 3.09 4.00%-4.50% minus USD-Term SOFR 1M N/A $ 875,000 $ 31,708 $ 875,000 $ 36,483 Interest rate collars - loans Other assets 3.09 4.25%-4.75% minus USD-Term SOFR 1M USD-Term SOFR 1M minus 6.75%-7.00% 875,000 34,588 875,000 38,314 $ 1,750,000 $ 66,296 $ 1,750,000 $ 74,797 The effects of Pinnacle Financial's cash flow hedge relationships on the statement of comprehensive income (loss) during the three and nine months ended September 30, 2024 and 2023 were as follows, net of tax (in thousands): Amount of Loss Recognized Three Months Ended September 30, Nine Months Ended September 30, Asset derivatives 2024 2023 2024 2023 Interest rate floors and collars - loans $ 24,430 $ (17,403) $ 1,287 $ (28,764) The cash flow hedges were determined to be highly effective during the periods presented and as a result qualify for hedge accounting treatment. If a hedge was deemed to be ineffective, the amount included in accumulated other comprehensive income (loss) would be reclassified into a line item within the statement of income that impacts operating results. The hedge would no longer be considered effective if a portion of the hedge becomes ineffective, the item hedged is no longer in existence or Pinnacle Financial discontinues hedge accounting. Gains on cash flow hedges totaling $2.4 million and $7.4 million, net of tax, were reclassified from accumulated other comprehensive income (loss) into net income during the three and nine months ended September 30, 2024, respectively, compared to $2.5 million and $7.2 million, net of tax, during the three and nine months ended September 30, 2023, respectively. Approximately $1.6 million in unrealized gains, net of tax, are expected to be reclassified from accumulated other comprehensive income (loss) into net income over the next twelve months related to previously terminated cash flow hedges. Derivatives designated as fair value hedges For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged asset or liability attributable to the hedged risk are recognized in current earnings. The gain or loss on the derivative instrument is presented on the same income statement line item as the earnings effect of the hedged item. Pinnacle Financial utilizes interest rate swaps designated as fair value hedges to mitigate the effect of changing interest rates on the fair values of fixed rate callable available-for-sale securities. The hedging strategy converts the fixed interest rates to variable interest rates based on federal funds rates or SOFR. These derivatives are designated as partial term hedges of selected cash flows covering specified periods of time prior to the call dates of the hedged securities. Pinnacle Financial also utilizes interest rate swaps designated as fair value hedges to mitigate the effect of changing interest rates on Federal Home Loan Bank of Cincinnati (FHLB) advances with payments beginning on various dates throughout 2024 and the first quarter of 2025. During the third quarter of 2024, Pinnacle Financial entered into a portfolio layer method fair value hedge with a notional amount of $300 million. Under the portfolio layer method, the hedged item is designated as a hedged layer of a closed portfolio of available-for-sale securities that is anticipated to remain outstanding throughout the hedge period ending September 1, 2026. A summary of Pinnacle Financial's fair value hedge relationships as of September 30, 2024 and December 31, 2023 is as follows (in thousands): September 30, 2024 December 31, 2023 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Weighted Average Pay Rate Receive Rate Notional Amount Estimated Fair Value (1) Notional Amount Estimated Fair Value (1) Asset derivatives Interest rate swaps - securities Other assets 9.33 2.30% Federal Funds/ SOFR $ 584,698 $ 30,932 $ 543,061 $ 42,983 Interest rate swaps - borrowings Other assets 2.78 SOFR 4.96% 750,000 3,250 750,000 3,654 Liability derivatives Interest rate swaps - securities Other liabilities 10.77 3.43% Federal Funds/ SOFR $ 2,646,568 $ (11,739) $ 1,569,078 $ (1,275) Interest rate swaps - borrowings Other liabilities 3.34 SOFR 4.96% 425,000 (2,255) 425,000 (1,656) $ 4,406,266 $ 20,188 $ 3,287,139 $ 43,706 (1) The variation margin payments for derivatives cleared through central clearing houses are characterized as settlements. At September 30, 2024 and December 31, 2023, the notional amount of fair value derivatives cleared through central clearing houses was $3.1 billion and $2.0 billion with a fair value that approximates zero due to $48.7 million and $4.0 million in variation margin payments. Notional amounts of $342.9 million as of September 30, 2024 receive a variable rate of interest based on the daily compounded federal funds rate and notional amounts totaling $4.1 billion as of September 30, 2024 receive a variable rate of interest based on the daily compounded SOFR. The effects of Pinnacle Financial's fair value hedge relationships on the income statement during the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Location of Gain (Loss) Amount of Gain (Loss) Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, Securities 2024 2023 2024 2023 Interest rate swaps - securities Interest income on securities $ (59,423) $ 15,669 $ (22,515) $ 17,494 Securities available-for-sale Interest income on securities $ 59,423 $ (15,669) $ 22,515 $ (17,494) FHLB advances Interest rate swaps - FHLB advances Interest expense on FHLB advances and other borrowings $ 30,679 $ 1,559 $ (1,003) $ (12,338) FHLB advances Interest expense on FHLB advances and other borrowings $ (30,679) $ (1,559) $ 1,003 $ 12,338 The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges at September 30, 2024 and December 31, 2023 (in thousands): Carrying Amount of the Hedged Assets/Liabilities Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/Liabilities September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 Line item on the balance sheet Securities available-for-sale $ 4,095,640 $ 2,074,621 $ 29,471 $ (41,708) Federal Home Loan Bank advances $ 1,175,995 $ 1,173,002 $ 995 $ (1,998) During the three and nine months ended September 30, 2024, amortization expense totaling $67,000 and $264,000, respectively, related to previously terminated fair value hedges was recognized as a reduction to interest income on loans compared to $141,000 and $519,000, respectively, for the three and nine months ended September 30, 2023.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 10. Fair Value of Financial Instruments FASB ASC 820, Fair Value Measurements , defines fair value, establishes a framework for measuring fair value in U.S. GAAP and expands disclosures about fair value measurements. The definition of fair value focuses on the exit price, i.e., the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, not the entry price, i.e., the price that would be paid to acquire the asset or received to assume the liability at the measurement date. The statement emphasizes that fair value is a market-based measurement; not an entity-specific measurement. Therefore, the fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. Valuation Hierarchy FASB ASC 820 establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: • Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy. Assets Securities available-for-sale – Where quoted prices are available for identical securities in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid government securities and certain other financial products. If quoted market prices are not available, then fair values are estimated by using pricing models that use observable inputs or quoted prices of securities with similar characteristics and are classified within Level 2 of the valuation hierarchy. In certain cases where there is limited activity or less transparency around inputs to the valuation and more complex pricing models or discounted cash flows are used, securities are classified within Level 3 of the valuation hierarchy. Other investments – Included in other investments are investments recorded at fair value primarily in certain nonpublic investments and funds. The valuation of these nonpublic investments requires management judgment due to the absence of observable quoted market prices, inherent lack of liquidity and the long-term nature of such assets. These investments are valued initially based upon transaction price. The carrying values of other investments are adjusted either upwards or downwards from the transaction price to reflect expected exit values as evidenced by financing and sale transactions with third parties, or when determination of a valuation adjustment is confirmed through financial reports provided by the portfolio managers of the investments. A variety of factors are reviewed and monitored to assess positive and negative changes in valuation including, but not limited to, current operating performance and future expectations of the particular investment, industry valuations of comparable public companies and changes in market outlook and the third-party financing environment over time. In determining valuation adjustments resulting from the investment review process, emphasis is placed on current company performance and market conditions. These investments are included in Level 3 of the valuation hierarchy if the entities and funds are not widely traded and the underlying investments are in privately-held and/or start-up companies for which market values are not readily available. Certain investments in funds for which the underlying assets of the fund represent publicly traded investments are included in Level 2 of the valuation hierarchy. Mortgage Servicing Rights – On March 31, 2024, Pinnacle Financial recognized a mortgage servicing asset totaling $11.8 million related to a commercial mortgage loan portfolio. Upon the sale of these commercial loans, the MSRs are capitalized and represent the fair value of future net servicing fees from servicing activities associated with these commercial mortgage loans. Pinnacle Financial has elected to account for this class of MSRs under the fair value measurement method. Fair value for MSRs is determined utilizing a discounted cash flow model which calculates the fair value of each servicing right based on the present value of the expected cash flows from servicing revenues less servicing costs of the portfolio. The valuation of MSRs uses assumptions market participants would use in determining fair value, including prepayment speeds, interest rates, discount rates and other economic factors, which are considered significant unobservable inputs. Due to the nature of the inputs used in the valuation, MSRs are classified within Level 3 of the valuation hierarchy. Other assets – Included in other assets are certain assets carried at fair value, including interest rate swap agreements to facilitate customer transactions, interest rate swaps designated as fair value hedges, interest rate caps and floors designated as cash flow hedges and interest rate locks associated with the mortgage loan pipeline. The carrying amount of interest rate swap agreements is based on Pinnacle Financial's pricing models that utilize observable market inputs. The fair value of the cash flow hedge agreements is determined by calculating the difference between the discounted fixed rate cash flows and the discounted variable rate cash flows. The fair value of the mortgage loan pipeline is based upon the projected sales price of the underlying loans, taking into account market interest rates and other market factors at the measurement date, net of the projected fallout rate. Pinnacle Financial reflects these assets within Level 2 of the valuation hierarchy as these assets are valued using similar transactions that occur in the market. Collateral dependent loans – Collateral dependent loans are measured at the fair value of the collateral securing the loan less estimated selling costs. The fair value of real estate collateral is determined based on real estate appraisals which are generally based on recent sales of comparable properties which are then adjusted for property specific factors. Non-real estate collateral is valued based on various sources, including third party asset valuations and internally determined values based on cost adjusted for depreciation and other judgmentally determined discount factors. Collateral dependent loans are classified within Level 3 of the hierarchy due to the unobservable inputs used in determining their fair value such as collateral values and the borrower's underlying financial condition. Other real estate owned – Other real estate owned (OREO) represents real estate foreclosed upon by Pinnacle Bank through loan defaults by customers or acquired by deed in lieu of foreclosure. Upon foreclosure, the property is recorded at the lower of cost or fair value, based on appraised value, less selling costs estimated as of the date acquired with any loss recognized as a charge-off through the allowance for credit losses. Additional OREO losses for subsequent valuation downward adjustments are determined on a specific property basis and are included as a component of noninterest expense along with holding costs. Any gains or losses realized at the time of disposal are also reflected in noninterest expense, as applicable. OREO is included in Level 3 of the valuation hierarchy due to the lack of observable market inputs into the determination of fair value as appraisal values are property-specific and sensitive to the changes in the overall economic environment. Liabilities Other liabilities – Pinnacle Financial has certain liabilities carried at fair value including certain interest rate swap agreements to facilitate customer transactions, interest rate swaps designated as fair value hedges, interest rate caps and floors designated as cash flow hedges and interest rate locks associated with the funding for its mortgage loan originations. The fair value of these liabilities is based on Pinnacle Financial's pricing models that utilize observable market inputs and is reflected within Level 2 of the valuation hierarchy. The following tables present financial instruments measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023, by caption on the consolidated balance sheets and by FASB ASC 820 valuation hierarchy (as described above) (in thousands): Total carrying value in the consolidated balance sheet Quoted market prices in an active market Models with significant observable market parameters Models with significant unobservable market parameters September 30, 2024 Investment securities available-for-sale: U.S. Treasury securities $ 1,431,557 $ — $ 1,431,557 $ — U.S. Government agency securities 220,803 — 220,803 — Mortgage-backed securities 1,654,357 — 1,654,357 — State and municipal securities 1,496,432 — 1,496,096 336 Agency-backed securities 128,612 — 128,612 — Corporate notes and other 459,227 — 446,351 12,876 Total investment securities available-for-sale 5,390,988 — 5,377,776 13,212 Other investments 193,110 — 22,854 170,256 Mortgage servicing rights 10,958 — — 10,958 Other assets 152,604 — 152,604 — Total assets at fair value $ 5,747,660 $ — $ 5,553,234 $ 194,426 Other liabilities $ 65,635 $ — $ 65,635 $ — Total liabilities at fair value $ 65,635 $ — $ 65,635 $ — December 31, 2023 Investment securities available-for-sale: U.S. Treasury securities $ 893,412 $ — $ 893,412 $ — U.S. Government agency securities 262,730 — 262,730 — Mortgage-backed securities 947,390 — 947,390 — State and municipal securities 1,585,895 — 1,585,416 479 Agency-backed securities 191,635 — 191,635 — Corporate notes and other 436,468 — 436,468 — Total investment securities available-for-sale 4,317,530 — 4,317,051 479 Other investments 179,487 — 22,347 157,140 Other assets 197,541 — 197,541 — Total assets at fair value $ 4,694,558 $ — $ 4,536,939 $ 157,619 Other liabilities $ 79,068 $ — $ 79,068 $ — Total liabilities at fair value $ 79,068 $ — $ 79,068 $ — The following table presents assets measured at fair value on a nonrecurring basis as of September 30, 2024 and December 31, 2023 (in thousands): September 30, 2024 Total carrying value in the consolidated balance sheet Quoted market prices in an active market Models with significant observable market parameters Models with significant unobservable market Other real estate owned $ 750 $ — $ — $ 750 Collateral dependent loans (1) 81,451 — — 81,451 Total $ 82,201 $ — $ — $ 82,201 December 31, 2023 Other real estate owned $ 3,937 $ — $ — $ 3,937 Collateral dependent loans (1) 52,167 — — 52,167 Total $ 56,104 $ — $ — $ 56,104 (1) The carrying values of collateral dependent loans at September 30, 2024 and December 31, 2023 are net of valuation allowances of $43.8 million and $18.6 million, respectively. In the case of the available-for-sale investment securities portfolio (AFS), Pinnacle Financial monitors the portfolio to ascertain when transfers between levels have been affected. During the nine months ended September 30, 2024, one AFS security with a carrying value of $12.8 million previously classified as Level 2 was transferred to Level 3 due to unobservable inputs becoming significant. The nature of the remaining assets and liabilities is such that transfers in and out of any level are expected to be rare. For the nine months ended September 30, 2023, there were no transfers between Levels 1, 2 or 3. The table below includes a rollforward of the balance sheet amounts for the three and nine months ended September 30, 2024 and 2023 (including the change in fair value) for financial instruments classified by Pinnacle Financial within Level 3 of the valuation hierarchy measured at fair value on a recurring basis including changes in fair value due in part to observable factors that are part of the valuation methodology (in thousands): For the Three months ended September 30, For the Nine months ended September 30, 2024 2023 2024 2023 AFS securities Other MSRs AFS securities Other AFS securities Other MSRs AFS securities Other Fair value, beginning of period $ 13,197 $ 168,312 $ 11,301 $ 479 $ 151,762 $479 $157,140 $— $629 $130,982 Total realized gains (losses) included in income 13 2,414 (343) 1 (77) 39 1,879 10,958 3 3,597 Changes in unrealized gains/losses included in other comprehensive income (loss) 2 — — (9) — 18 — — (2) — Transfers into Level 3 — — — — — 12,841 — — — — Purchases — 5,608 — — 8,015 — 22,910 — — 27,947 Issuances — — — — — — — — — — Settlements — (6,078) — — (3,037) (165) (11,673) — (159) (5,863) Transfers out of Level 3 — — — — — — — — — — Fair value, end of period $ 13,212 $ 170,256 $ 10,958 $ 471 $ 156,663 $13,212 $170,256 $10,958 $471 $156,663 Total realized gains (losses) included in income $ 13 $ 2,414 $ (343) $ 1 $ (77) $39 $1,879 $10,958 $3 $3,597 The following tables present the carrying amounts, estimated fair value and placement in the fair value hierarchy of Pinnacle Financial's financial instruments at September 30, 2024 and December 31, 2023. This table excludes financial instruments for which the carrying amount approximates fair value. For short-term financial assets such as cash, cash equivalents, and restricted cash, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as non-interest bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity (in thousands): Carrying Amount Estimated Fair Value (1) Quoted market prices in an active market Models with significant observable market parameters Models with significant unobservable market September 30, 2024 Financial assets: Securities purchased with agreement to resell $ 66,480 $ 66,483 $ — $ — $ 66,483 Securities held-to-maturity 2,902,253 2,713,901 — 2,713,901 — Loans, net 33,916,776 33,484,235 — — 33,484,235 Consumer loans held-for-sale 178,600 179,257 — 179,257 — Commercial loans held-for-sale 8,617 8,649 — 8,649 — Financial liabilities: Deposits and securities sold under agreements to repurchase 41,164,844 40,320,965 — — 40,320,965 Federal Home Loan Bank advances 2,146,395 2,187,199 — — 2,187,199 Subordinated debt and other borrowings 425,600 430,367 — — 430,367 December 31, 2023 Financial assets: Securities purchased with agreement to resell $ 558,009 $ 461,375 $ — $ — $ 461,375 Securities held-to-maturity 3,006,357 2,775,184 — 2,775,184 — Loans, net 32,323,036 31,863,583 — — 31,863,583 Consumer loans held-for-sale 104,217 104,626 — 104,626 — Commercial loans held-for-sale 9,280 9,316 — 9,316 — Financial liabilities: Deposits and securities sold under agreements to repurchase 38,749,299 37,954,938 — — 37,954,938 Federal Home Loan Bank advances 2,138,169 2,166,912 — — 2,166,912 Subordinated debt and other borrowings 424,938 462,399 — — 462,399 (1) Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction.

Regulatory Matters

Regulatory Matters	9 Months Ended
	Sep. 30, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Matters	Note 11. Regulatory Matters Pursuant to Tennessee banking law, Pinnacle Bank may not, without the prior consent of the Commissioner of the Tennessee Department of Financial Institutions (TDFI), pay any dividends to Pinnacle Financial in a calendar year in excess of the total of Pinnacle Bank's retained net income for that year plus the retained net income for the preceding two years. Additionally, approval by regulatory authorities is required if the effect of dividends declared would cause the regulatory capital of Pinnacle Bank to fall below specified minimum levels. Under Tennessee corporate law, Pinnacle Financial is not permitted to pay dividends if, after giving effect to such payment, it would not be able to pay its debts as they become due in the usual course of business or its total assets would be less than the sum of its total liabilities plus any amounts needed to satisfy any preferential rights if it were dissolving. In deciding whether or not to declare a dividend of any particular size, Pinnacle Financial's board of directors must consider its and Pinnacle Bank's current and prospective capital, liquidity and other needs. In addition to state law limitations on Pinnacle Financial's ability to pay dividends, the Federal Reserve imposes limitations on Pinnacle Financial's ability to pay dividends. Federal Reserve regulations limit dividends, stock repurchases and discretionary bonuses to executive officers if Pinnacle Financial's regulatory capital is below the level of regulatory minimums plus the applicable 2.5% capital conservation buffer. In addition, the Federal Reserve has issued supervisory guidance advising bank holding companies to eliminate, defer or reduce dividends paid on common stock and other forms of Tier 1 capital where the company’s net income available to shareholders for the past four quarters, net of dividends previously paid during that period, is not sufficient to fully fund the dividends, the company’s prospective rate of earnings retention is not consistent with the company’s capital needs and overall current and prospective financial condition or the company will not meet, or is in danger of not meeting, minimum regulatory capital adequacy ratios. Recent supplements to this guidance reiterate the need for bank holding companies to inform their applicable reserve bank sufficiently in advance of the proposed payment of a dividend in certain circumstances. During the nine months ended September 30, 2024, Pinnacle Bank paid $80.3 million of dividends to Pinnacle Financial. As of September 30, 2024, based on the criteria noted above Pinnacle Bank could pay approximately $1.2 billion of additional dividends to Pinnacle Financial without prior approval of the Commissioner of the TDFI. Since the fourth quarter of 2013, Pinnacle Financial has paid a quarterly common stock dividend. The board of directors of Pinnacle Financial has increased the dividend amount per share over time. The most recent increase occurred on January 18, 2022 when the board of directors increased the dividend to $0.22 per common share from $0.18 per common share. During the second quarter of 2020, Pinnacle Financial issued 9.0 million depositary shares, each representing a 1/40th fractional interest in a share of Series B noncumulative, perpetual preferred stock (the "Series B Preferred Stock") in a registered public offering to both retail and institutional investors. Beginning in the third quarter of 2020, Pinnacle Financial began paying a quarterly dividend of $16.88 per share (or $0.422 per depositary share), on the Series B Preferred Stock. The amount and timing of all future dividend payments by Pinnacle Financial, if any, including dividends on Pinnacle Financial's Series B Preferred Stock (and associated depositary shares), is subject to discretion of Pinnacle Financial's board of directors and will depend on Pinnacle Financial's receipt of dividends from Pinnacle Bank, earnings, capital position, financial condition, liquidity and other factors, including regulatory capital requirements, as they become known to Pinnacle Financial and receipt of any regulatory approvals that may become required as a result of each of Pinnacle Financial's or Pinnacle Bank's financial results. Pinnacle Financial and Pinnacle Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, Pinnacle Financial and Pinnacle Bank must meet specific capital guidelines that involve quantitative measures of the assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. Pinnacle Financial's and Pinnacle Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Pinnacle Financial and Pinnacle Bank periodically evaluate risk weightings and may enter into transactions or undertake procedures that may reduce risk weightings, such as during the quarter ended June 30, 2024 when Pinnacle Financial entered into a CDS, as more fully described in Note 9. Derivative Instruments , and implemented enhanced control processes with respect to certain commercial loans which permitted recharacterization of the loans, each of which reduced risk weighted assets of both Pinnacle Financial and Pinnacle Bank. Quantitative measures established by regulation to ensure capital adequacy require Pinnacle Financial and its banking subsidiary to maintain minimum amounts and ratios of common equity Tier 1 capital to risk-weighted assets, Tier 1 capital to risk-weighted assets, total risk-based capital to risk-weighted assets and Tier 1 capital to average assets. As permitted by the interim final rule issued on March 27, 2020 by the federal banking regulatory agencies, each of Pinnacle Bank and Pinnacle Financial has elected the option to delay the estimated impact on regulatory capital of Pinnacle Financial's and Pinnacle Bank's adoption of ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, which was effective January 1, 2020. The initial impact of adoption of ASU 2016-13, as well as 25% of the quarterly changes in the allowance for credit losses subsequent to adoption of ASU 2016-13 (collectively the “transition adjustments”), was delayed until December 31, 2021. As of January 1, 2022, the cumulative amount of the transition adjustments became fixed and are being phased out of the regulatory capital calculations evenly over a three year period, with 75% recognized in 2022, 50% recognized in 2023 and 25% recognized in 2024. Beginning on January 1, 2025, the temporary regulatory capital benefits will be fully reversed. Management believes, as of September 30, 2024, that Pinnacle Financial and Pinnacle Bank met all capital adequacy requirements to which they are subject. To be categorized as well-capitalized under applicable banking regulations, Pinnacle Bank must maintain certain total risk-based, Tier 1 risk-based, common equity Tier 1 and Tier 1 leverage ratios as set forth in the following table and not be subject to a written agreement, order or directive to maintain a higher capital level. The capital conservation buffer is not included in the required ratios of the table presented below. Pinnacle Financial's and Pinnacle Bank's actual capital amounts and resulting ratios, not including the applicable 2.5% capital conservation buffer, are presented in the following table (in thousands): Actual Minimum Capital Minimum To Be Well-Capitalized (1) Amount Ratio Amount Ratio Amount Ratio At September 30, 2024 Total capital to risk weighted assets: Pinnacle Financial $ 5,368,010 13.2 % $ 3,242,447 8.0 % $ 4,053,059 10.0 % Pinnacle Bank $ 5,111,617 12.6 % $ 3,233,592 8.0 % $ 4,041,990 10.0 % Tier 1 capital to risk weighted assets: Pinnacle Financial $ 4,613,659 11.4 % $ 2,431,835 6.0 % $ 2,431,835 6.0 % Pinnacle Bank $ 4,726,266 11.7 % $ 2,425,194 6.0 % $ 3,233,592 8.0 % Common equity Tier 1 capital to risk weighted assets Pinnacle Financial $ 4,396,410 10.8 % $ 1,823,876 4.5 % N/A N/A Pinnacle Bank $ 4,726,143 11.7 % $ 1,818,895 4.5 % $ 2,627,293 6.5 % Tier 1 capital to average assets (*): Pinnacle Financial $ 4,613,659 9.6 % $ 1,924,732 4.0 % N/A N/A Pinnacle Bank $ 4,726,266 9.8 % $ 1,919,773 4.0 % $ 2,399,716 5.0 % At December 31, 2023 Total capital to risk weighted assets: Pinnacle Financial $ 5,115,755 12.7 % $ 3,216,424 8.0 % $ 4,020,530 10.0 % Pinnacle Bank $ 4,797,278 12.0 % $ 3,207,699 8.0 % $ 4,009,623 10.0 % Tier 1 capital to risk weighted assets: Pinnacle Financial $ 4,354,759 10.8 % $ 2,412,318 6.0 % $ 2,412,318 6.0 % Pinnacle Bank $ 4,465,282 11.1 % $ 2,405,774 6.0 % $ 3,207,699 8.0 % Common equity Tier 1 capital to risk weighted assets Pinnacle Financial $ 4,137,510 10.3 % $ 1,809,238 4.5 % N/A N/A Pinnacle Bank $ 4,465,159 11.1 % $ 1,804,330 4.5 % $ 2,606,255 6.5 % Tier 1 capital to average assets (*): Pinnacle Financial $ 4,354,759 9.4 % $ 1,853,213 4.0 % N/A N/A Pinnacle Bank $ 4,465,282 9.7 % $ 1,847,972 4.0 % $ 2,309,965 5.0 % (1) Well-capitalized minimum Common equity Tier 1 capital to risk weighted assets and Tier 1 capital to average assets are not formally defined under applicable banking regulations for bank holding companies. (*) Average assets for the above calculations were based on the most recent quarter.

Other borrowings

Other borrowings	9 Months Ended
	Sep. 30, 2024
Subordinated Debt [Abstract]
Other Borrowings	Note 12. Other Borrowings Pinnacle Financial has twelve wholly-owned subsidiaries that are statutory business trusts created for the exclusive purpose of issuing 30-year capital trust preferred securities and has entered into certain other subordinated debt agreements. These instruments are outlined below as of September 30, 2024 (in thousands): Name Date Maturity Total Debt Outstanding Interest Rate at September 30, 2024 Coupon Structure at September 30, 2024 Trust preferred securities PNFP Statutory Trust I December 29, 2003 December 30, 2033 $ 10,310 8.00 % 3-month SOFR + 2.80% (1) PNFP Statutory Trust II September 15, 2005 September 30, 2035 20,619 6.27 % 3-month SOFR + 1.40% (1) PNFP Statutory Trust III September 7, 2006 September 30, 2036 20,619 6.52 % 3-month SOFR + 1.65% (1) PNFP Statutory Trust IV October 31, 2007 September 30, 2037 30,928 8.06 % 3-month SOFR + 2.85% (1) BNC Capital Trust I April 3, 2003 April 15, 2033 5,155 8.81 % 3-month SOFR + 3.25% (1) BNC Capital Trust II March 11, 2004 April 7, 2034 6,186 8.41 % 3-month SOFR + 2.85% (1) BNC Capital Trust III September 23, 2004 September 23, 2034 5,155 7.96 % 3-month SOFR + 2.40% (1) BNC Capital Trust IV September 27, 2006 December 31, 2036 7,217 6.57 % 3-month SOFR + 1.70% (1) Valley Financial Trust I June 26, 2003 June 26, 2033 4,124 8.02 % 3-month SOFR + 3.10% (1) Valley Financial Trust II September 26, 2005 December 15, 2035 7,217 6.70 % 3-month SOFR + 1.49% (1) Valley Financial Trust III December 15, 2006 January 30, 2037 5,155 7.25 % 3-month SOFR + 1.73% (1) Southcoast Capital Trust III August 5, 2005 September 30, 2035 10,310 6.37 % 3-month SOFR + 1.50% (1) Subordinated Debt Pinnacle Financial Subordinated Notes September 11, 2019 September 15, 2029 300,000 7.98 % 3-month SOFR + 3.04% (2) Debt issuance costs and fair value adjustments (7,395) Total subordinated debt and other borrowings $ 425,600 (1) Rate transitioned to three month term SOFR plus a comparable tenor spread adjustment beginning after July 1, 2023 as three month LIBOR ceased to be published effective July 1, 2023.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation — The accompanying unaudited consolidated financial statements have been prepared in accordance with instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, and cash flows in conformity with U.S. generally accepted accounting principles (U.S. GAAP). All adjustments consisting of normally recurring accruals that, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the periods covered by the report have been included. The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes appearing in Pinnacle Financial's Annual Report on Form 10-K for the year ended December 31, 2023 (2023 10-K). These unaudited consolidated financial statements include the accounts of Pinnacle Financial and its wholly-owned subsidiaries. Certain statutory trust affiliates of Pinnacle Financial, as noted in Note 12. Other Borrowings, are included in these unaudited consolidated financial statements pursuant to the equity method of accounting. Significant intercompany transactions and accounts are eliminated in consolidation.
Use of Estimates	Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for credit losses and determination of any impairment of goodwill or intangible assets. It is reasonably possible Pinnacle Financial's estimate of the allowance for credit losses and determination of impairment of goodwill or intangible assets could change as a result of the uncertainty in current macroeconomic conditions. The resulting change in these estimates could be material to Pinnacle Financial's consolidated financial statements. Mortgage Servicing Rights — On March 31, 2024, Pinnacle Financial recognized a mortgage servicing asset totaling $11.8 million related to a commercial mortgage loan portfolio. Upon the sale of these commercial loans, the rights to service loans (MSRs) are capitalized and represent the fair value of future net servicing fees from servicing activities associated with these commercial mortgage loans. Pinnacle Financial has elected to account for this class of MSRs under the fair value measurement method. Under this method, capitalized MSRs are recorded in other assets in the accompanying consolidated balance sheet with changes in the fair value of the MSRs for each period presented recorded in other noninterest income in the accompanying consolidated statement of income. MSRs are recorded at fair value utilizing a number of assumptions, including prepayment speeds, interest rates, discount rates and other economic factors. Changes in the underlying assumptions could materially affect the fair value of MSRs. The value of servicing rights is initially measured using a discounted cash flow model. All servicing rights capitalized have involved the retention of servicing rights only; Pinnacle Financial does not retain residual interest, "first loss" obligations, or other similar on-going financial interests in the loans it sells to third parties, nor has Pinnacle Financial participated in any securitizations with any special purpose entities with respect to these MSRs. Except for recovery of amounts invested in acquiring servicing rights, servicing mortgage loans for others does not generally impose significant financial risks to the servicer. There are, however, certain investors for whom servicing does involve some risk of loss. For example, servicing Federal Housing Administration insured or Veterans Administration guaranteed loans can result in the servicer advancing principal and interest payments for delinquent borrowers, or incurring a shortfall in the total amount of principal collected under certain foreclosure circumstances.
Income Per Common Share	Income Per Common Share — Basic net income per common share (EPS) is computed by dividing net income available to common shareholders by the weighted average common shares outstanding for the period. Diluted EPS reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted. The difference between basic and diluted weighted average common shares outstanding is attributable to common stock options, restricted share awards, and restricted share unit awards, including those with performance-based vesting provisions. The dilutive effect of outstanding options, restricted share awards, and restricted share unit awards is reflected in diluted EPS by application of the treasury stock method. The following is a summary of the basic and diluted net income per common share calculations for the three and nine months ended September 30, 2024 and 2023 (in thousands, except per share data): Three months ended Nine months ended 2024 2023 2024 2023 Basic net income per common share calculation: Numerator - Net income available to common shareholders $ 142,893 $ 128,805 $ 312,403 $ 455,779 Denominator - Weighted average common shares outstanding 76,521 76,044 76,435 75,999 Basic net income per common share $ 1.87 $ 1.69 $ 4.09 $ 6.00 Diluted net income per common share calculation: Numerator - Net income available to common shareholders $ 142,893 $ 128,805 $ 312,403 $ 455,779 Denominator - Weighted average common shares outstanding 76,521 76,044 76,435 75,999 Dilutive common shares contingently issuable 245 158 171 104 Weighted average diluted common shares outstanding 76,766 76,202 76,606 76,103 Diluted net income per common share $ 1.86 $ 1.69 $ 4.08 $ 5.99
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements — In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , and has issued subsequent amendments thereto, which provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Interbank Offered Rate (LIBOR) or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance was initially effective for all entities as of March 12, 2020 through December 31, 2022. In December 2022, the FASB issued an update to Accounting Standards Update 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting with Accounting Standards Update 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which updated the effective date to be March 12, 2020 through December 31, 2024. Pinnacle Financial implemented a transition plan to identify and convert its loans and other financial instruments, including certain indebtedness, with attributes that are either directly or indirectly influenced by LIBOR. Pinnacle Financial has moved substantially all of its LIBOR-based loans to its preferred replacement index, a Secured Overnight Financing Rate (SOFR) based index as of September 30, 2024. For Pinnacle Financial's currently outstanding LIBOR-based loans, the timing and manner in which each customer's interest rate transitions to a replacement index will vary on a case-by-case basis and should occur at the next repricing date for these loans. In June 2022, the FASB issued Accounting Standards Update 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions , which clarifies the guidance in ASC 820 when measuring the fair value of equity securities subject to contractual restrictions that prohibit the sale of an equity security. This update also requires specific disclosures related to these types of securities. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2023. Pinnacle Financial adopted ASU 2022-03 on January 1, 2024 and it did not have a material impact on Pinnacle Financial's accounting or disclosures. In March 2023, the FASB issued Accounting Standards Update 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method , which permits the use of the proportional amortization method of accounting for tax equity investments if certain conditions are met. A reporting entity makes the accounting policy election to apply the proportional amortization method on a tax-credit-program-by-tax-credit-program basis rather than electing to apply the proportional amortization method at the reporting entity or individual investment level. The amendments require specific disclosures that must be applied to all investments that generate tax credits and other income tax benefits from a tax credit program for which the entity has elected to apply the proportional amortization method. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2023. Pinnacle Financial adopted ASU 2023-02 on January 1, 2024 and it did not have a material impact on Pinnacle Financial's accounting or disclosures.
Newly Issued Not Yet Effective Accounting Standards	Newly Issued Not Yet Effective Accounting Standards — In December 2023, the FASB issued Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which amends the guidance for income tax disclosures to include certain required disclosures related to tax rate reconciliations, including certain categories of expense requiring disclosure, income taxes paid, including disclosure of taxes paid disaggregated by nation, state, and foreign taxes, and other disclosures for disaggregation of income before income tax expense (or benefit) and income tax expense (or benefit) by domestic and foreign allocation. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2024. Early adoption is permitted. An entity should apply ASU 2023-09 on a prospective basis once adopted with retrospective application permitted. Pinnacle Financial is assessing ASU 2023-09 and its potential impact on its accounting and disclosures. Other than those pronouncements discussed above and those which have been recently adopted, Pinnacle Financial does not believe there were any other recently issued accounting pronouncements that may materially impact its consolidated financial statements.
Reclassifications
Subsequent Events	Subsequent Events — ASC Topic 855, Subsequent Events , establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before the financial statements are issued. Pinnacle Financial evaluated all events or transactions that occurred after September 30, 2024 through the date of the issued financial statements with no subsequent events being noted as of the date of this filing.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Supplemental Cash Flow Information	Cash Flow Information — Supplemental cash flow information addressing certain cash and noncash transactions for the nine months ended September 30, 2024 and 2023 was as follows (in thousands): For the nine months ended 2024 2023 Cash Transactions: Interest paid $ 1,018,706 $ 714,827 Income taxes paid, net 30,047 96,698 Operating lease payments 28,444 22,648 Noncash Transactions: Loans charged-off to the allowance for credit losses 72,773 57,616 Loans foreclosed upon and transferred to other real estate owned 435 435 Loans foreclosed upon and transferred to other assets 197 561 Right-of-use asset recognized during the period in exchange for lease obligations 24,064 195,995
Basic and Diluted Earnings Per Share Calculations	The following is a summary of the basic and diluted net income per common share calculations for the three and nine months ended September 30, 2024 and 2023 (in thousands, except per share data): Three months ended Nine months ended 2024 2023 2024 2023 Basic net income per common share calculation: Numerator - Net income available to common shareholders $ 142,893 $ 128,805 $ 312,403 $ 455,779 Denominator - Weighted average common shares outstanding 76,521 76,044 76,435 75,999 Basic net income per common share $ 1.87 $ 1.69 $ 4.09 $ 6.00 Diluted net income per common share calculation: Numerator - Net income available to common shareholders $ 142,893 $ 128,805 $ 312,403 $ 455,779 Denominator - Weighted average common shares outstanding 76,521 76,044 76,435 75,999 Dilutive common shares contingently issuable 245 158 171 104 Weighted average diluted common shares outstanding 76,766 76,202 76,606 76,103 Diluted net income per common share $ 1.86 $ 1.69 $ 4.08 $ 5.99

Equity method investment (Table

Equity method investment (Tables)	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	A summary of BHG's financial position as of September 30, 2024 and December 31, 2023 and results of operations as of and for the three and nine months ended September 30, 2024 and 2023, were as follows (in thousands): As of September 30, 2024 December 31, 2023 Assets $ 3,737,126 $ 4,304,835 Liabilities 3,224,579 3,749,821 Equity interests 512,547 555,014 Total liabilities and equity $ 3,737,126 $ 4,304,835 For the three months ended For the nine months ended 2024 2023 2024 2023 Revenues $ 202,114 $ 311,276 $ 708,182 $ 924,560 Net income $ 34,058 $ 48,125 $ 105,623 $ 152,163

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-for-sale	The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 30, 2024 and December 31, 2023 are summarized as follows (in thousands): Amortized Gross Gross Fair September 30, 2024: Securities available-for-sale: U.S. Treasury securities $ 1,456,514 $ 17 $ 24,974 $ 1,431,557 U.S. Government agency securities 238,930 5 18,132 220,803 Mortgage-backed securities 1,729,398 10,878 85,919 1,654,357 State and municipal securities 1,526,844 11,819 42,231 1,496,432 Asset-backed securities 127,039 1,647 74 128,612 Corporate notes and other 481,651 1,973 24,397 459,227 $ 5,560,376 $ 26,339 $ 195,727 $ 5,390,988 Securities held-to-maturity: U.S. Treasury securities $ 69,974 $ — $ 1,348 $ 68,626 U.S. Government agency securities 340,158 — 10,979 329,179 Mortgage-backed securities 370,433 767 25,909 345,291 State and municipal securities 1,863,397 5,005 144,265 1,724,137 Asset-backed securities 176,557 63 6,801 169,819 Corporate notes and other 83,441 — 6,592 76,849 $ 2,903,960 $ 5,835 $ 195,894 $ 2,713,901 Allowance for credit losses - securities held-to-maturity (1,707) Securities held-to-maturity, net of allowance for credit losses $ 2,902,253 Amortized Gross Gross Fair December 31, 2023: Securities available-for-sale: U.S. Treasury securities $ 907,990 $ 2 $ 14,580 $ 893,412 U.S. Government agency securities 284,607 — 21,877 262,730 Mortgage-backed securities 1,071,963 444 125,017 947,390 State and municipal securities 1,604,874 26,129 45,108 1,585,895 Asset-backed securities 201,577 338 10,280 191,635 Corporate notes and other 477,761 69 41,362 436,468 $ 4,548,772 $ 26,982 258,224 $ 4,317,530 Securities held-to-maturity: U.S Treasury securities $ 90,309 $ — $ 3,840 $ 86,469 U.S. Government agency securities 364,769 — 19,187 345,582 Mortgage-backed securities 382,100 637 34,900 347,837 State and municipal securities 1,886,459 6,079 159,027 1,733,511 Asset-backed securities 198,418 — 14,228 184,190 Corporate notes 86,009 — 8,414 77,595 $ 3,008,064 $ 6,716 $ 239,596 $ 2,775,184 Allowance for credit losses - securities held-to-maturity (1,707) Securities held-to-maturity, net of allowance for credit losses $ 3,006,357
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity	The amortized cost and fair value of debt securities as of September 30, 2024 by contractual maturity is shown below. Actual maturities may differ from contractual maturities of mortgage- and asset-backed securities since the mortgages and assets underlying the securities may be called or prepaid with or without penalty. Therefore, these securities are not included in the maturity categories in the following summary (in thousands): Available-for-sale Held-to-maturity September 30, 2024: Amortized Fair Amortized Fair Due in one year or less $ 5,075 $ 9,166 $ 138,251 $ 136,597 Due in one year to five years 227,176 214,064 307,863 294,076 Due in five years to ten years 452,701 425,872 80,695 75,397 Due after ten years 3,018,987 2,958,917 1,830,161 1,692,721 Mortgage-backed securities 1,729,398 1,654,357 370,433 345,291 Asset-backed securities 127,039 128,612 176,557 169,819 $ 5,560,376 $ 5,390,988 $ 2,903,960 $ 2,713,901
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	At September 30, 2024 and December 31, 2023, the following available-for-sale securities had unrealized losses. The table below classifies these investments according to the term of the unrealized losses of less than twelve months or twelve months or longer (in thousands): Investments with an Unrealized Loss of Investments with an Unrealized Loss of Total Investments with an Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized At September 30, 2024 U.S. Treasury securities $ 626,281 $ 7,625 $ 796,446 $ 17,349 $ 1,422,727 $ 24,974 U.S. Government agency securities — — 219,712 18,132 219,712 18,132 Mortgage-backed securities 391,774 3,313 617,752 82,606 1,009,526 85,919 State and municipal securities 144,268 10,194 534,808 32,037 679,076 42,231 Asset-backed securities 20,457 29 1,455 45 21,912 74 Corporate notes 34,070 1,075 280,418 23,322 314,488 24,397 Total temporarily-impaired securities $ 1,216,850 $ 22,236 $ 2,450,591 $ 173,491 $ 3,667,441 $ 195,727 At December 31, 2023 U.S. Treasury securities $ 693,621 $ 11,651 $ 192,500 $ 2,929 $ 886,121 $ 14,580 U.S. Government agency securities 14,989 11 247,648 21,866 262,637 21,877 Mortgage-backed securities 72,907 1,518 828,251 123,499 901,158 125,017 State and municipal securities 185,108 908 449,212 44,200 634,320 45,108 Asset-backed securities 42,207 254 122,469 10,026 164,676 10,280 Corporate notes 12,679 7 403,882 41,355 416,561 41,362 Total temporarily-impaired securities $ 1,021,511 $ 14,349 $ 2,243,962 $ 243,875 $ 3,265,473 $ 258,224

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Loans at September 30, 2024 and December 31, 2023 were as follows (in thousands): September 30, 2024 December 31, 2023 Commercial real estate: Owner occupied $ 4,264,743 $ 4,044,896 Non-owner occupied 8,132,388 7,535,494 Consumer real estate – mortgage 4,907,766 4,851,531 Construction and land development 3,486,504 4,041,081 Commercial and industrial 12,986,865 11,666,691 Consumer and other 530,044 536,398 Subtotal $ 34,308,310 $ 32,676,091 Allowance for credit losses (391,534) (353,055) Loans, net $ 33,916,776 $ 32,323,036
Loan Classification Categorized by Risk Rating Category	The following tables present loan balances classified within each risk rating category by primary loan type and year of origination or most recent renewal as of September 30, 2024 and December 31, 2023, as well as the gross loan charge-offs by primary loan type and year of origination or most recent renewal for the nine months ended September 30, 2024 (in thousands): 2024 2023 2022 2021 2020 Prior Revolving Loans Total September 30, 2024 Commercial real estate - owner occupied Pass $ 519,550 $ 791,255 $ 1,098,122 $ 797,684 $ 455,593 $ 473,887 $ 72,777 $ 4,208,868 Special Mention 11,786 4,012 11,112 3,235 4,118 8,868 — 43,131 Substandard (1) — 3,153 927 86 83 767 — 5,016 Substandard-nonaccrual 4,294 849 — 1,832 — 753 — 7,728 Doubtful-nonaccrual — — — — — — — — Total Commercial real estate - owner occupied $ 535,630 $ 799,269 $ 1,110,161 $ 802,837 $ 459,794 $ 484,275 $ 72,777 $ 4,264,743 Current period gross charge-offs $ — (2,808) (4,480) (1,522) — (94) — $ (8,904) Commercial real estate - non-owner occupied Pass $ 940,400 $ 904,676 $ 3,037,444 $ 1,981,035 $ 501,402 $ 515,403 $ 107,025 $ 7,987,385 Special Mention 57,203 — 32,032 — 1,538 1,842 — 92,615 Substandard (1) — 13,483 — — — — — 13,483 Substandard-nonaccrual — 492 124 38,289 — — — 38,905 Doubtful-nonaccrual — — — — — — — — Total Commercial real estate - non-owner occupied $ 997,603 $ 918,651 $ 3,069,600 $ 2,019,324 $ 502,940 $ 517,245 $ 107,025 $ 8,132,388 Current period gross charge-offs $ (1,347) — — (2,000) — — — $ (3,347) Consumer real estate – mortgage Pass $ 270,935 $ 521,756 $ 909,163 $ 994,212 $ 410,196 $ 453,399 $ 1,315,112 $ 4,874,773 Special Mention — — — 370 — — — 370 Substandard (1) — — — — — — — — Substandard-nonaccrual 60 6,148 6,498 4,965 1,884 11,465 1,603 32,623 Doubtful-nonaccrual — — — — — — — — Total Consumer real estate – mortgage $ 270,995 $ 527,904 $ 915,661 $ 999,547 $ 412,080 $ 464,864 $ 1,316,715 $ 4,907,766 Current period gross charge-offs $ — — (41) — (18) (12) (717) $ (788) Construction and land development Pass $ 820,303 $ 671,283 $ 1,568,291 $ 329,150 $ 7,755 $ 6,895 $ 54,027 $ 3,457,704 Special Mention 504 — — 25,110 — — — 25,614 Substandard (1) — — — — — — — — Substandard-nonaccrual 1,179 1,995 — — 12 — — 3,186 Doubtful-nonaccrual — — — — — — — — Total Construction and land development $ 821,986 $ 673,278 $ 1,568,291 $ 354,260 $ 7,767 $ 6,895 $ 54,027 $ 3,486,504 Current period gross charge-offs $ — — — — — — — $ — Commercial and industrial Pass $ 3,075,697 $ 2,135,154 $ 1,780,693 $ 927,995 $ 248,559 $ 276,405 $ 4,294,026 $ 12,738,529 Special Mention 17,926 66,289 32,756 4,320 420 1,905 30,131 153,747 Substandard (1) 5,934 4,374 19,264 1,210 17 8,927 18,486 58,212 Substandard-nonaccrual 2,735 7,255 6,746 17,344 80 834 1,383 36,377 Doubtful-nonaccrual — — — — — — — — Total Commercial and industrial $ 3,102,292 $ 2,213,072 $ 1,839,459 $ 950,869 $ 249,076 $ 288,071 $ 4,344,026 $ 12,986,865 Current period gross charge-offs $ (716) (8,036) (11,719) (12,446) (701) (657) (16,336) $ (50,611) Consumer and other Pass $ 123,756 $ 20,548 $ 21,050 $ 48,355 $ 27,528 $ 732 $ 287,601 $ 529,570 Special Mention — — — — — — — — Substandard (1) — — — — — — — — Substandard-nonaccrual 405 — 2 41 25 1 — 474 Doubtful-nonaccrual — — — — — — — — Total Consumer and other $ 124,161 $ 20,548 $ 21,052 $ 48,396 $ 27,553 $ 733 $ 287,601 $ 530,044 Current period gross charge-offs $ (25) (282) (110) (2,818) (1,335) (7) (4,546) $ (9,123) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Total loans Pass $ 5,750,641 $ 5,044,672 $ 8,414,763 $ 5,078,431 $ 1,651,033 $ 1,726,721 $ 6,130,568 $ 33,796,829 Special Mention 87,419 70,301 75,900 33,035 6,076 12,615 30,131 315,477 Substandard (1) 5,934 21,010 20,191 1,296 100 9,694 18,486 76,711 Substandard-nonaccrual 8,673 16,739 13,370 62,471 2,001 13,053 2,986 119,293 Doubtful-nonaccrual — — — — — — — — Total loans $ 5,852,667 $ 5,152,722 $ 8,524,224 $ 5,175,233 $ 1,659,210 $ 1,762,083 $ 6,182,171 $ 34,308,310 Current period gross charge-offs $ (2,088) (11,126) (16,350) (18,786) (2,054) (770) (21,599) $ (72,773) 2023 2022 2021 2020 2019 Prior Revolving Loans Total December 31, 2023 Commercial real estate - owner occupied Pass $ 785,834 $ 1,123,425 $ 871,389 $ 502,260 $ 267,595 $ 357,339 $ 56,680 $ 3,964,522 Special Mention 1,595 37,324 5,300 2,252 5,306 4,701 — 56,478 Substandard (1) 5,528 9,331 3,262 1,145 568 610 — 20,444 Substandard-nonaccrual 1,781 615 686 53 — 317 — 3,452 Doubtful-nonaccrual — — — — — — — — Total Commercial real estate - owner occupied $ 794,738 $ 1,170,695 $ 880,637 $ 505,710 $ 273,469 $ 362,967 $ 56,680 $ 4,044,896 Commercial real estate - non-owner occupied Pass $ 1,304,109 $ 2,682,275 $ 1,737,275 $ 713,979 $ 505,767 $ 370,420 $ 107,841 $ 7,421,666 Special Mention — 30,229 — 6,745 216 5,335 — 42,525 Substandard (1) 25,723 2,969 — — 1,195 73 — 29,960 Substandard-nonaccrual — 153 40,180 — — 489 521 41,343 Doubtful-nonaccrual — — — — — — — — Total Commercial real estate - non-owner occupied $ 1,329,832 $ 2,715,626 $ 1,777,455 $ 720,724 $ 507,178 $ 376,317 $ 108,362 $ 7,535,494 Consumer real estate – mortgage Pass $ 573,120 $ 976,006 $ 1,056,720 $ 448,420 $ 207,790 $ 318,505 $ 1,253,091 $ 4,833,652 Special Mention — — — — — — — — Substandard (1) — — — — — — — — Substandard-nonaccrual 688 2,265 2,951 2,525 5,265 3,671 514 17,879 Doubtful-nonaccrual — — — — — — — — Total Consumer real estate – mortgage $ 573,808 $ 978,271 $ 1,059,671 $ 450,945 $ 213,055 $ 322,176 $ 1,253,605 $ 4,851,531 Construction and land development Pass $ 1,153,137 $ 1,930,062 $ 884,060 $ 12,102 $ 5,580 $ 6,369 $ 41,886 $ 4,033,196 Special Mention 2,728 — — 4,467 — — — 7,195 Substandard (1) — — — — — 82 — 82 Substandard-nonaccrual — 608 — — — — — 608 Doubtful-nonaccrual — — — — — — — — Total Construction and land development $ 1,155,865 $ 1,930,670 $ 884,060 $ 16,569 $ 5,580 $ 6,451 $ 41,886 $ 4,041,081 Commercial and industrial Pass $ 3,778,326 $ 2,103,473 $ 1,127,096 $ 325,176 $ 215,158 $ 142,806 $ 3,753,575 $ 11,445,610 Special Mention 11,125 22,806 12,457 532 144 1,847 45,025 93,936 Substandard (1) 10,142 2,243 25,311 145 359 9,028 60,986 108,214 Substandard-nonaccrual 10,436 4,193 1,583 409 359 735 1,215 18,930 Doubtful-nonaccrual — — — 1 — — — 1 Total Commercial and industrial $ 3,810,029 $ 2,132,715 $ 1,166,447 $ 326,263 $ 216,020 $ 154,416 $ 3,860,801 $ 11,666,691 2023 2022 2021 2020 2019 Prior Revolving Loans Total Consumer and other Pass $ 136,809 $ 28,774 $ 66,126 $ 37,015 $ 541 $ 656 $ 266,402 $ 536,323 Special Mention — — — — — — — — Substandard (1) — — — — — — — — Substandard-nonaccrual — — — — — — 75 75 Doubtful-nonaccrual — — — — — — — — Total Consumer and other $ 136,809 $ 28,774 $ 66,126 $ 37,015 $ 541 $ 656 $ 266,477 $ 536,398 Total loans Pass $ 7,731,335 $ 8,844,015 $ 5,742,666 $ 2,038,952 $ 1,202,431 $ 1,196,095 $ 5,479,475 $ 32,234,969 Special Mention 15,448 90,359 17,757 13,996 5,666 11,883 45,025 200,134 Substandard (1) 41,393 14,543 28,573 1,290 2,122 9,793 60,986 158,700 Substandard-nonaccrual 12,905 7,834 45,400 2,987 5,624 5,212 2,325 82,287 Doubtful-nonaccrual — — — 1 — — — 1 Total loans $ 7,801,081 $ 8,956,751 $ 5,834,396 $ 2,057,226 $ 1,215,843 $ 1,222,983 $ 5,587,811 $ 32,676,091 (1)
Past Due Balances by Loan Classification	The table below presents the aging of past due balances by loan segment at September 30, 2024 and December 31, 2023 (in thousands): September 30, 2024 30-59 days past due 60-89 days past due 90 days or more past due Total Current Total loans Commercial real estate: Owner occupied $ 4,052 $ 5,931 $ 3,629 $ 13,612 $ 4,251,131 $ 4,264,743 Non-owner occupied 974 — 38,413 39,387 8,093,001 8,132,388 Consumer real estate – mortgage 6,844 14,449 17,479 38,772 4,868,994 4,907,766 Construction and land development 67 — 2,696 2,763 3,483,741 3,486,504 Commercial and industrial 14,581 7,268 18,584 40,433 12,946,432 12,986,865 Consumer and other 3,880 2,155 1,204 7,239 522,805 530,044 Total $ 30,398 $ 29,803 $ 82,005 $ 142,206 $ 34,166,104 $ 34,308,310 December 31, 2023 Commercial real estate: Owner occupied $ 1,671 $ 507 $ 3,398 $ 5,576 $ 4,039,320 $ 4,044,896 Non-owner occupied 40,577 489 153 41,219 7,494,275 7,535,494 Consumer real estate – mortgage 21,585 1,352 10,824 33,761 4,817,770 4,851,531 Construction and land development 621 28 608 1,257 4,039,824 4,041,081 Commercial and industrial 14,197 28,221 16,890 59,308 11,607,383 11,666,691 Consumer and other 5,286 1,868 1,496 8,650 527,748 536,398 Total $ 83,937 $ 32,465 $ 33,369 $ 149,771 $ 32,526,320 $ 32,676,091
Details of Changes in the Allowance for Loan Losses	The following table details the changes in the allowance for credit losses for the three and nine months ended September 30, 2024 and 2023, respectively, by loan classification (in thousands): Commercial real estate - owner occupied Commercial real estate - non-owner occupied Consumer Construction and land development Commercial and industrial Consumer Total Three months ended September 30, 2024: Balance at June 30, 2024 $ 29,847 $ 78,964 $ 80,247 $ 30,035 $ 154,014 $ 8,494 $ 381,601 Charged-off loans — (266) (126) — (19,842) (2,905) (23,139) Recovery of previously charged-off loans 11 12 168 — 3,281 1,319 4,791 Provision for credit losses on loans 1,842 2,053 (4,102) 2,340 24,918 1,230 28,281 Balance at September 30, 2024 $ 31,700 $ 80,763 $ 76,187 $ 32,375 $ 162,371 $ 8,138 $ 391,534 Three months ended September 30, 2023: Balance at June 30, 2023 $ 26,497 $ 55,108 $ 59,374 $ 38,855 $ 148,418 $ 9,207 $ 337,459 Charged-off loans — — (168) (3) (20,330) (4,208) (24,709) Recovery of previously charged-off loans 52 44 374 86 3,831 2,229 6,616 Provision for credit losses on loans 1,329 2,097 10,917 (1,908) 12,383 2,008 26,826 Balance at September 30, 2023 $ 27,878 $ 57,249 $ 70,497 $ 37,030 $ 144,302 $ 9,236 $ 346,192 Nine months ended September 30, 2024: Balance at December 31, 2023 $ 28,690 $ 57,687 $ 71,354 $ 39,142 $ 148,212 $ 7,970 $ 353,055 Charged-off loans (8,904) (3,347) (788) — (50,611) (9,123) (72,773) Recovery of previously charged-off loans 153 40 849 9 10,030 4,234 15,315 Provision for credit losses on loans 11,761 26,383 4,772 (6,776) 54,740 5,057 95,937 Balance at September 30, 2024 $ 31,700 $ 80,763 $ 76,187 $ 32,375 $ 162,371 $ 8,138 $ 391,534 Nine months ended September 30, 2023: Balance at December 31, 2022 $ 26,617 $ 40,479 $ 36,536 $ 36,114 $ 144,353 $ 16,566 $ 300,665 Charged-off loans — — (598) (3) (45,158) (11,857) (57,616) Recovery of previously charged-off loans 66 1,233 1,989 337 11,959 6,877 22,461 Provision for credit losses on loans 1,195 15,537 32,570 582 33,148 (2,350) 80,682 Balance at September 30, 2023 $ 27,878 $ 57,249 $ 70,497 $ 37,030 $ 144,302 $ 9,236 $ 346,192
Schedule of Collateral Dependent Loans Individually Evaluated for ACL	The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, as of September 30, 2024 and December 31, 2023 (in thousands): Real Estate Business Assets Other Total September 30, 2024 Commercial real estate: Owner occupied $ 8,799 $ — $ — $ 8,799 Non-owner occupied 54,894 — — 54,894 Consumer real estate – mortgage 34,693 — — 34,693 Construction and land development 3,241 — — 3,241 Commercial and industrial — 46,654 709 47,363 Consumer and other — — — — Total $ 101,627 $ 46,654 $ 709 $ 148,990 December 31, 2023 Commercial real estate: Owner occupied $ 22,284 $ — $ — $ 22,284 Non-owner occupied 69,577 — — 69,577 Consumer real estate – mortgage 20,389 — — 20,389 Construction and land development 668 — — 668 Commercial and industrial — 31,625 552 32,177 Consumer and other — — — — Total $ 112,918 $ 31,625 $ 552 $ 145,095
Modifications	The following table shows the amortized cost basis of the loans modified to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024 and 2023, disaggregated by class of loans and type of modification granted and describes the financial effect of the modifications made to borrowers experiencing financial difficulty (in thousands): Three and nine months ended September 30, 2024 Combination Amortized Cost Basis % of Total Loan Type Financial Effect Commercial real estate: Owner occupied $ — — Non-owner occupied — — Consumer real estate – mortgage — — Construction and land development — — Commercial and industrial 15,003 0.12 % Reduced the weighted average contractual interest rate by 0.5% and added a weighted average 1.92 years to the term Consumer and other — — Total $ 15,003 Three and nine months ended September 30, 2023 Payment Delay Term Extension Combination¹ Total % Total % Total % Total Commercial real estate: Owner occupied $ — — % $ 5,528 0.14 % $ — — % $ 5,528 Non-owner occupied 11,165 0.15 % — — % 13,476 0.18 % 24,641 Consumer real estate – mortgage — — % — — % — — % — Construction and land development — — % — — % — — % — Commercial and industrial — — % 3,225 0.03 % — — % 3,225 Consumer and other — — % — — % — — % — Total $ 11,165 $ 8,753 $ 13,476 $ 33,394 ¹ The combination includes payment delay, term extension, and an interest rate reduction. Three and nine months ended September 30, 2023 Financial Effect Payment Delay: Non-owner occupied Implemented interest-only payments until loan maturity Term Extension: Owner Occupied Added a weighted average 0.25 years to the term of the modified loans Commercial and industrial Added a weighted average 0.25 years to the term of the modified loans Combination: Non-owner Occupied Reduced weighted average contractual interest rate by 0.55%, added a weighted average 2 years to the term and implemented an alternative payment schedule until loan maturity During the three months ended September 30, 2024, no loans experienced a payment default subsequent to being granted a modification in the prior twelve months. Pinnacle Financial charged off $2.8 million of owner occupied commercial real estate and $1.1 million of non-owner occupied commercial real estate loans that were previously modified and subsequently defaulted during the nine months ended September 30, 2024. The table below presents the aging of past due balances as of September 30, 2024 and September 30, 2023 of loans made to borrowers experiencing financial difficulty that were modified in the previous twelve months: September 30, 2024 30-59 days past due 60-89 days past due 90 days or more past due Current Total modified loans Commercial real estate: Owner occupied $ — $ — $ — $ — $ — Non-owner occupied — — — — — Consumer real estate – mortgage — — — — — Construction and land development — — — — — Commercial and industrial — — — 15,003 15,003 Consumer and other — — — — — Total $ — $ — $ — $ 15,003 $ 15,003 September 30, 2023 Commercial real estate: Owner occupied $ — $ — $ — $ 5,528 $ 5,528 Non-owner occupied — — — 24,641 24,641 Consumer real estate – mortgage — — — — — Construction and land development — — — — — Commercial and industrial — — — 3,225 3,225 Consumer and other — — — — — Total $ — $ — $ — $ 33,394 $ 33,394
Financing Receivable, Nonaccrual	The table below presents the amortized cost basis of loans on nonaccrual status and loans past due 90 or more days and still accruing interest at September 30, 2024 and December 31, 2023. Also presented is the balance of loans on nonaccrual status at September 30, 2024 for which there was no related allowance for credit losses recorded (in thousands): September 30, 2024 December 31, 2023 Total nonaccrual loans Nonaccrual loans with no allowance for credit losses Loans past due 90 or more days and still accruing Total nonaccrual loans Nonaccrual loans with no allowance for credit losses Loans past due 90 or more days and still accruing Commercial real estate: Owner occupied $ 7,728 $ 3,951 $ — $ 3,452 $ 122 $ — Non-owner occupied 38,905 — — 41,343 40,669 — Consumer real estate – mortgage 32,623 1,376 11 17,879 — 781 Construction and land development 3,186 319 — 608 — — Commercial and industrial 36,377 17,874 2,783 18,931 519 3,802 Consumer and other 474 — 817 75 — 1,421 Total $ 119,293 $ 23,520 $ 3,611 $ 82,288 $ 41,310 $ 6,004
Summary of Loan Portfolio Credit Risk Exposure	Pinnacle Financial analyzes its commercial loan portfolio to determine if a concentration of credit risk exists to any industries. Pinnacle Financial utilizes broadly accepted industry classification systems in order to classify borrowers into various industry classifications. Pinnacle Financial has a credit exposure (loans outstanding plus unfunded lines of credit) exceeding 25% of Pinnacle Bank's total risk-based capital to borrowers in the following industries at September 30, 2024 with the comparative exposures for December 31, 2023 (in thousands): September 30, 2024 Outstanding Principal Balances Unfunded Commitments Total exposure Total Exposure at December 31, 2023 Lessors of nonresidential buildings $ 4,578,913 $ 872,139 $ 5,451,052 $ 5,916,335 Lessors of residential buildings 2,278,972 609,958 2,888,930 3,179,041 New Housing For-Sale Builders 562,830 806,163 1,368,993 1,396,653 Music Publishers 862,574 307,707 1,170,281 1,219,781

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Servicing Assets at Fair Value	The following is a summary of the changes in the carrying value of MSRs, accounted for at fair value, for the three and nine months ended September 30, 2024. ` Three months ended Nine months ended September 30, 2024 September 30, 2024 Fair value, beginning of period $ 11,301 $ — Initial recognition of servicing asset — 11,812 Additions from loans sold with servicing retained 32 170 Estimate of changes in fair value due to: Payoffs, paydowns, and repurchases (48) (212) Changes in valuation inputs or assumptions (327) (812) Fair value, end of period $ 10,958 $ 10,958

Stock Options and Restricted _2

Stock Options and Restricted Shares (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Activity for Unvested Restricted Share Awards	A summary of activity for unvested restricted share awards for the nine months ended September 30, 2024 is as follows: Number Grant Date Unvested at December 31, 2023 703,399 $ 77.68 Shares awarded 240,016 Restrictions lapsed and shares released to associates/directors (205,393) Shares forfeited (25,484) Unvested at September 30, 2024 712,538 $ 81.70 Pinnacle Financial has granted restricted share awards to associates (including certain members of executive management) and outside directors with time-based vesting criteria. Compensation expense associated with time-based vesting restricted share awards is recognized over the time period that the restrictions associated with the awards lapse on a straight-line basis based on the total cost of the award. The following table outlines restricted stock grants that were made, grouped by similar vesting criteria, during the nine months ended September 30, 2024. The table reflects the life-to-date activity for these awards: Grant Group (1) Vesting Shares Restrictions lapsed and shares released to participants Shares withheld for taxes by participants Shares forfeited by participants (4) Shares unvested Time Based Awards 2024 Associates (2) 5 230,126 146 98 6,013 223,869 Outside Director Awards (3) 2024 Outside directors 1 9,890 — — — 9,890 (1) Groups include employees (referred to as associates above) and outside directors. When the restricted shares are awarded, a participant receives voting rights and forfeitable dividend rights with respect to the shares, but is not able to transfer the shares until the restrictions have lapsed. Once the restrictions lapse, the participant is taxed on the value of the award and may elect to sell some shares (or have Pinnacle Financial withhold some shares) to pay the applicable income taxes associated with the award. Alternatively, the recipient can pay the withholding taxes in cash. For time-based vesting restricted share awards, dividends paid on shares for which the forfeiture restrictions do not lapse will be recouped by Pinnacle Financial at the time of termination. For awards to Pinnacle Financial's directors, dividends are placed into escrow until the forfeiture restrictions on such shares lapse. (2) The forfeiture restrictions on these restricted share awards lapse in equal annual installments on the anniversary date of the grant. (3) Restricted share awards are issued to the outside members of the board of directors in accordance with their board compensation plan. Restrictions lapse on March 1, 2025 based on each individual board member meeting attendance goals for the various board and board committee meetings to which each member was scheduled to attend. (4) These shares represent forfeitures resulting from recipients whose employment was terminated during the year-to-date period ended September 30, 2024. Any dividends paid on shares for which the forfeiture restrictions do not lapse will be recouped by Pinnacle Financial at the time of termination or will not be distributed from escrow, as applicable.
Summary of Restricted Share Unit awards	Restricted Stock Unit Awards A summary of activity for unvested restricted stock units for the nine months ended September 30, 2024 is as follows: Number Grant Date Unvested at December 31, 2023 102,877 $ 78.03 Shares awarded 57,480 Restrictions lapsed and shares released to associates (49,280) Shares forfeited (1,239) Unvested at September 30, 2024 109,838 $ 80.83 Pinnacle Financial grants restricted stock units to its Named Executive Officers (NEOs) and leadership team members with time-based vesting criteria. Compensation expense associated with time-based vesting restricted stock unit awards is recognized over the time period that the restrictions associated with the awards lapse on a straight-line basis based on the total cost of the award. The following table outlines restricted stock unit grants that were made, grouped by similar vesting criteria, during the nine months ended September 30, 2024. The table reflects the life-to-date activity for these awards: Grant year Vesting Shares Restrictions lapsed and shares released to participants Shares withheld for taxes by participants Shares forfeited by participants (1) Shares unvested 2024 3 57,480 24 8 569 56,879 (1) These shares represent forfeitures resulting from recipients whose employment was terminated during the year-to-date period ended September 30, 2024. Dividend equivalents are held in escrow for award recipients for dividends paid prior to the forfeiture restrictions lapsing. Such dividend equivalents are not released from escrow if an award is forfeited. Performance Stock Unit Awards The following table details the performance stock unit awards outstanding at September 30, 2024: Units Awarded Grant year NEOs (1) Leadership Team other than NEOs Applicable performance periods associated with each tranche Service period per tranche Subsequent holding period per tranche Period in which units to be settled into shares of common stock (2) 2024 80,211 — 192,499 53,710 2024-2026 0 0 2027 2023 103,136 — 247,515 61,673 2023-2025 0 0 2026 2022 56,465 — 135,514 32,320 2022-2024 0 0 2025 2022 — — 230,000 — 2022-2024 0 1 2026 2020 136,137 — 204,220 59,648 2020 2 3 2025 2021 2 2 2025 2022 2 1 2025 (1) The named executive officers are awarded a range of awards that generally may be earned based on attainment of goals between a target level of performance and a maximum level of performance. The 230,000 performance units awarded to the NEOs in 2022 may be earned based on target level performance and do not include a maximum level payout. (2)

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Interest Rate Swaps	A summary of Pinnacle Financial's interest rate swaps to facilitate customers' transactions as of September 30, 2024 and December 31, 2023 is included in the following table (in thousands): September 30, 2024 December 31, 2023 Notional Estimated Fair Value (1) Notional Estimated Fair Value (1) Interest rate swap agreements: Assets $ 2,358,376 $ 43,972 $ 2,037,740 $ 66,462 Liabilities 2,358,376 (44,487) 2,037,740 (67,206) Total $ 4,716,752 $ (515) $ 4,075,480 $ (744) (1) The variation margin payments for derivatives cleared through central clearing houses are characterized as settlements. At September 30, 2024 and December 31, 2023, there were no interest rate swap agreements designated as non-hedge derivatives cleared through clearing houses. The effects of Pinnacle Financial's interest rate swaps to facilitate customers' transactions on the income statement during the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Amount of Loss Recognized in Income Location of Loss Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Interest rate swap agreements Other noninterest income $ 414 $ (265) $ 223 $ (847)
Disclosure of Credit Derivatives	A summary of Pinnacle Financial's CDS as of September 30, 2024 and December 31, 2023 is included in the following table (in thousands): September 30, 2024 December 31, 2023 Notional Estimated Fair Value Notional Estimated Fair Value Credit default swap $ 83,558 $ (137) $ — $ — The effects of Pinnacle Financial's CDS on the income statement during the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Amount of Loss Recognized in Income Location of Loss Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Credit default swap Other noninterest income $ (137) $ — $ (137) $ —
Schedule of Derivative Instruments	Derivatives designated as cash flow hedges For derivative instruments that are designated and qualify as a cash flow hedge, the aggregate fair value of the derivative instrument is recorded in other assets or other liabilities with any gain or loss related to changes in fair value recorded in accumulated other comprehensive income (loss), net of tax. The gain or loss is reclassified into earnings in the same period during which the hedged asset or liability affects earnings and is presented in the same income statement line item as the earnings effect of the hedged asset or liability. Pinnacle Financial uses forward cash flow hedge relationships in an effort to manage future interest rate exposure. A summary of the cash flow hedge relationships as of September 30, 2024 and December 31, 2023 is as follows (in thousands): September 30, 2024 December 31, 2023 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Receive Rate Pay Rate Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset derivatives Interest rate floor - loans Other assets 3.09 4.00%-4.50% minus USD-Term SOFR 1M N/A $ 875,000 $ 31,708 $ 875,000 $ 36,483 Interest rate collars - loans Other assets 3.09 4.25%-4.75% minus USD-Term SOFR 1M USD-Term SOFR 1M minus 6.75%-7.00% 875,000 34,588 875,000 38,314 $ 1,750,000 $ 66,296 $ 1,750,000 $ 74,797 The effects of Pinnacle Financial's cash flow hedge relationships on the statement of comprehensive income (loss) during the three and nine months ended September 30, 2024 and 2023 were as follows, net of tax (in thousands): Amount of Loss Recognized Three Months Ended September 30, Nine Months Ended September 30, Asset derivatives 2024 2023 2024 2023 Interest rate floors and collars - loans $ 24,430 $ (17,403) $ 1,287 $ (28,764) The cash flow hedges were determined to be highly effective during the periods presented and as a result qualify for hedge accounting treatment. If a hedge was deemed to be ineffective, the amount included in accumulated other comprehensive income (loss) would be reclassified into a line item within the statement of income that impacts operating results. The hedge would no longer be considered effective if a portion of the hedge becomes ineffective, the item hedged is no longer in existence or Pinnacle Financial discontinues hedge accounting. Gains on cash flow hedges totaling $2.4 million and $7.4 million, net of tax, were reclassified from accumulated other comprehensive income (loss) into net income during the three and nine months ended September 30, 2024, respectively, compared to $2.5 million and $7.2 million, net of tax, during the three and nine months ended September 30, 2023, respectively. Approximately $1.6 million in unrealized gains, net of tax, are expected to be reclassified from accumulated other comprehensive income (loss) into net income over the next twelve months related to previously terminated cash flow hedges. Derivatives designated as fair value hedges For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged asset or liability attributable to the hedged risk are recognized in current earnings. The gain or loss on the derivative instrument is presented on the same income statement line item as the earnings effect of the hedged item. Pinnacle Financial utilizes interest rate swaps designated as fair value hedges to mitigate the effect of changing interest rates on the fair values of fixed rate callable available-for-sale securities. The hedging strategy converts the fixed interest rates to variable interest rates based on federal funds rates or SOFR. These derivatives are designated as partial term hedges of selected cash flows covering specified periods of time prior to the call dates of the hedged securities. Pinnacle Financial also utilizes interest rate swaps designated as fair value hedges to mitigate the effect of changing interest rates on Federal Home Loan Bank of Cincinnati (FHLB) advances with payments beginning on various dates throughout 2024 and the first quarter of 2025. During the third quarter of 2024, Pinnacle Financial entered into a portfolio layer method fair value hedge with a notional amount of $300 million. Under the portfolio layer method, the hedged item is designated as a hedged layer of a closed portfolio of available-for-sale securities that is anticipated to remain outstanding throughout the hedge period ending September 1, 2026. A summary of Pinnacle Financial's fair value hedge relationships as of September 30, 2024 and December 31, 2023 is as follows (in thousands): September 30, 2024 December 31, 2023 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Weighted Average Pay Rate Receive Rate Notional Amount Estimated Fair Value (1) Notional Amount Estimated Fair Value (1) Asset derivatives Interest rate swaps - securities Other assets 9.33 2.30% Federal Funds/ SOFR $ 584,698 $ 30,932 $ 543,061 $ 42,983 Interest rate swaps - borrowings Other assets 2.78 SOFR 4.96% 750,000 3,250 750,000 3,654 Liability derivatives Interest rate swaps - securities Other liabilities 10.77 3.43% Federal Funds/ SOFR $ 2,646,568 $ (11,739) $ 1,569,078 $ (1,275) Interest rate swaps - borrowings Other liabilities 3.34 SOFR 4.96% 425,000 (2,255) 425,000 (1,656) $ 4,406,266 $ 20,188 $ 3,287,139 $ 43,706 (1) The variation margin payments for derivatives cleared through central clearing houses are characterized as settlements. At September 30, 2024 and December 31, 2023, the notional amount of fair value derivatives cleared through central clearing houses was $3.1 billion and $2.0 billion with a fair value that approximates zero due to $48.7 million and $4.0 million in variation margin payments. Notional amounts of $342.9 million as of September 30, 2024 receive a variable rate of interest based on the daily compounded federal funds rate and notional amounts totaling $4.1 billion as of September 30, 2024 receive a variable rate of interest based on the daily compounded SOFR. The effects of Pinnacle Financial's fair value hedge relationships on the income statement during the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Location of Gain (Loss) Amount of Gain (Loss) Recognized in Income Three Months Ended September 30, Nine Months Ended September 30, Securities 2024 2023 2024 2023 Interest rate swaps - securities Interest income on securities $ (59,423) $ 15,669 $ (22,515) $ 17,494 Securities available-for-sale Interest income on securities $ 59,423 $ (15,669) $ 22,515 $ (17,494) FHLB advances Interest rate swaps - FHLB advances Interest expense on FHLB advances and other borrowings $ 30,679 $ 1,559 $ (1,003) $ (12,338) FHLB advances Interest expense on FHLB advances and other borrowings $ (30,679) $ (1,559) $ 1,003 $ 12,338 The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges at September 30, 2024 and December 31, 2023 (in thousands): Carrying Amount of the Hedged Assets/Liabilities Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/Liabilities September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 Line item on the balance sheet Securities available-for-sale $ 4,095,640 $ 2,074,621 $ 29,471 $ (41,708) Federal Home Loan Bank advances $ 1,175,995 $ 1,173,002 $ 995 $ (1,998) During the three and nine months ended September 30, 2024, amortization expense totaling $67,000 and $264,000, respectively, related to previously terminated fair value hedges was recognized as a reduction to interest income on loans compared to $141,000 and $519,000, respectively, for the three and nine months ended September 30, 2023.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present financial instruments measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023, by caption on the consolidated balance sheets and by FASB ASC 820 valuation hierarchy (as described above) (in thousands): Total carrying value in the consolidated balance sheet Quoted market prices in an active market Models with significant observable market parameters Models with significant unobservable market parameters September 30, 2024 Investment securities available-for-sale: U.S. Treasury securities $ 1,431,557 $ — $ 1,431,557 $ — U.S. Government agency securities 220,803 — 220,803 — Mortgage-backed securities 1,654,357 — 1,654,357 — State and municipal securities 1,496,432 — 1,496,096 336 Agency-backed securities 128,612 — 128,612 — Corporate notes and other 459,227 — 446,351 12,876 Total investment securities available-for-sale 5,390,988 — 5,377,776 13,212 Other investments 193,110 — 22,854 170,256 Mortgage servicing rights 10,958 — — 10,958 Other assets 152,604 — 152,604 — Total assets at fair value $ 5,747,660 $ — $ 5,553,234 $ 194,426 Other liabilities $ 65,635 $ — $ 65,635 $ — Total liabilities at fair value $ 65,635 $ — $ 65,635 $ — December 31, 2023 Investment securities available-for-sale: U.S. Treasury securities $ 893,412 $ — $ 893,412 $ — U.S. Government agency securities 262,730 — 262,730 — Mortgage-backed securities 947,390 — 947,390 — State and municipal securities 1,585,895 — 1,585,416 479 Agency-backed securities 191,635 — 191,635 — Corporate notes and other 436,468 — 436,468 — Total investment securities available-for-sale 4,317,530 — 4,317,051 479 Other investments 179,487 — 22,347 157,140 Other assets 197,541 — 197,541 — Total assets at fair value $ 4,694,558 $ — $ 4,536,939 $ 157,619 Other liabilities $ 79,068 $ — $ 79,068 $ — Total liabilities at fair value $ 79,068 $ — $ 79,068 $ —
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis	The following table presents assets measured at fair value on a nonrecurring basis as of September 30, 2024 and December 31, 2023 (in thousands): September 30, 2024 Total carrying value in the consolidated balance sheet Quoted market prices in an active market Models with significant observable market parameters Models with significant unobservable market Other real estate owned $ 750 $ — $ — $ 750 Collateral dependent loans (1) 81,451 — — 81,451 Total $ 82,201 $ — $ — $ 82,201 December 31, 2023 Other real estate owned $ 3,937 $ — $ — $ 3,937 Collateral dependent loans (1) 52,167 — — 52,167 Total $ 56,104 $ — $ — $ 56,104 (1) The carrying values of collateral dependent loans at September 30, 2024 and December 31, 2023 are net of valuation allowances of $43.8 million and $18.6 million, respectively.
Rollforward of the Balance Sheet Amounts, Unobservable Input Reconciliation	The table below includes a rollforward of the balance sheet amounts for the three and nine months ended September 30, 2024 and 2023 (including the change in fair value) for financial instruments classified by Pinnacle Financial within Level 3 of the valuation hierarchy measured at fair value on a recurring basis including changes in fair value due in part to observable factors that are part of the valuation methodology (in thousands): For the Three months ended September 30, For the Nine months ended September 30, 2024 2023 2024 2023 AFS securities Other MSRs AFS securities Other AFS securities Other MSRs AFS securities Other Fair value, beginning of period $ 13,197 $ 168,312 $ 11,301 $ 479 $ 151,762 $479 $157,140 $— $629 $130,982 Total realized gains (losses) included in income 13 2,414 (343) 1 (77) 39 1,879 10,958 3 3,597 Changes in unrealized gains/losses included in other comprehensive income (loss) 2 — — (9) — 18 — — (2) — Transfers into Level 3 — — — — — 12,841 — — — — Purchases — 5,608 — — 8,015 — 22,910 — — 27,947 Issuances — — — — — — — — — — Settlements — (6,078) — — (3,037) (165) (11,673) — (159) (5,863) Transfers out of Level 3 — — — — — — — — — — Fair value, end of period $ 13,212 $ 170,256 $ 10,958 $ 471 $ 156,663 $13,212 $170,256 $10,958 $471 $156,663 Total realized gains (losses) included in income $ 13 $ 2,414 $ (343) $ 1 $ (77) $39 $1,879 $10,958 $3 $3,597
Carrying Amounts, Estimated Fair Value and Placement in the Fair Value Hierarchy of Financial Instruments	The following tables present the carrying amounts, estimated fair value and placement in the fair value hierarchy of Pinnacle Financial's financial instruments at September 30, 2024 and December 31, 2023. This table excludes financial instruments for which the carrying amount approximates fair value. For short-term financial assets such as cash, cash equivalents, and restricted cash, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as non-interest bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity (in thousands): Carrying Amount Estimated Fair Value (1) Quoted market prices in an active market Models with significant observable market parameters Models with significant unobservable market September 30, 2024 Financial assets: Securities purchased with agreement to resell $ 66,480 $ 66,483 $ — $ — $ 66,483 Securities held-to-maturity 2,902,253 2,713,901 — 2,713,901 — Loans, net 33,916,776 33,484,235 — — 33,484,235 Consumer loans held-for-sale 178,600 179,257 — 179,257 — Commercial loans held-for-sale 8,617 8,649 — 8,649 — Financial liabilities: Deposits and securities sold under agreements to repurchase 41,164,844 40,320,965 — — 40,320,965 Federal Home Loan Bank advances 2,146,395 2,187,199 — — 2,187,199 Subordinated debt and other borrowings 425,600 430,367 — — 430,367 December 31, 2023 Financial assets: Securities purchased with agreement to resell $ 558,009 $ 461,375 $ — $ — $ 461,375 Securities held-to-maturity 3,006,357 2,775,184 — 2,775,184 — Loans, net 32,323,036 31,863,583 — — 31,863,583 Consumer loans held-for-sale 104,217 104,626 — 104,626 — Commercial loans held-for-sale 9,280 9,316 — 9,316 — Financial liabilities: Deposits and securities sold under agreements to repurchase 38,749,299 37,954,938 — — 37,954,938 Federal Home Loan Bank advances 2,138,169 2,166,912 — — 2,166,912 Subordinated debt and other borrowings 424,938 462,399 — — 462,399 (1) Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction.

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Sep. 30, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Summary of Regulatory Capital Requirement	Management believes, as of September 30, 2024, that Pinnacle Financial and Pinnacle Bank met all capital adequacy requirements to which they are subject. To be categorized as well-capitalized under applicable banking regulations, Pinnacle Bank must maintain certain total risk-based, Tier 1 risk-based, common equity Tier 1 and Tier 1 leverage ratios as set forth in the following table and not be subject to a written agreement, order or directive to maintain a higher capital level. The capital conservation buffer is not included in the required ratios of the table presented below. Pinnacle Financial's and Pinnacle Bank's actual capital amounts and resulting ratios, not including the applicable 2.5% capital conservation buffer, are presented in the following table (in thousands): Actual Minimum Capital Minimum To Be Well-Capitalized (1) Amount Ratio Amount Ratio Amount Ratio At September 30, 2024 Total capital to risk weighted assets: Pinnacle Financial $ 5,368,010 13.2 % $ 3,242,447 8.0 % $ 4,053,059 10.0 % Pinnacle Bank $ 5,111,617 12.6 % $ 3,233,592 8.0 % $ 4,041,990 10.0 % Tier 1 capital to risk weighted assets: Pinnacle Financial $ 4,613,659 11.4 % $ 2,431,835 6.0 % $ 2,431,835 6.0 % Pinnacle Bank $ 4,726,266 11.7 % $ 2,425,194 6.0 % $ 3,233,592 8.0 % Common equity Tier 1 capital to risk weighted assets Pinnacle Financial $ 4,396,410 10.8 % $ 1,823,876 4.5 % N/A N/A Pinnacle Bank $ 4,726,143 11.7 % $ 1,818,895 4.5 % $ 2,627,293 6.5 % Tier 1 capital to average assets (*): Pinnacle Financial $ 4,613,659 9.6 % $ 1,924,732 4.0 % N/A N/A Pinnacle Bank $ 4,726,266 9.8 % $ 1,919,773 4.0 % $ 2,399,716 5.0 % At December 31, 2023 Total capital to risk weighted assets: Pinnacle Financial $ 5,115,755 12.7 % $ 3,216,424 8.0 % $ 4,020,530 10.0 % Pinnacle Bank $ 4,797,278 12.0 % $ 3,207,699 8.0 % $ 4,009,623 10.0 % Tier 1 capital to risk weighted assets: Pinnacle Financial $ 4,354,759 10.8 % $ 2,412,318 6.0 % $ 2,412,318 6.0 % Pinnacle Bank $ 4,465,282 11.1 % $ 2,405,774 6.0 % $ 3,207,699 8.0 % Common equity Tier 1 capital to risk weighted assets Pinnacle Financial $ 4,137,510 10.3 % $ 1,809,238 4.5 % N/A N/A Pinnacle Bank $ 4,465,159 11.1 % $ 1,804,330 4.5 % $ 2,606,255 6.5 % Tier 1 capital to average assets (*): Pinnacle Financial $ 4,354,759 9.4 % $ 1,853,213 4.0 % N/A N/A Pinnacle Bank $ 4,465,282 9.7 % $ 1,847,972 4.0 % $ 2,309,965 5.0 % (1) Well-capitalized minimum Common equity Tier 1 capital to risk weighted assets and Tier 1 capital to average assets are not formally defined under applicable banking regulations for bank holding companies. (*) Average assets for the above calculations were based on the most recent quarter.	[1]
[1]Well-capitalized minimum Common equity Tier 1 capital to risk weighted assets and Tier 1 capital to average assets are not formally defined under applicable banking regulations for bank holding companies.

Other borrowings (Tables)

Other borrowings (Tables)	9 Months Ended
	Sep. 30, 2024
Subordinated Debt [Abstract]
Schedule of Other Borrowings	Pinnacle Financial has twelve wholly-owned subsidiaries that are statutory business trusts created for the exclusive purpose of issuing 30-year capital trust preferred securities and has entered into certain other subordinated debt agreements. These instruments are outlined below as of September 30, 2024 (in thousands): Name Date Maturity Total Debt Outstanding Interest Rate at September 30, 2024 Coupon Structure at September 30, 2024 Trust preferred securities PNFP Statutory Trust I December 29, 2003 December 30, 2033 $ 10,310 8.00 % 3-month SOFR + 2.80% (1) PNFP Statutory Trust II September 15, 2005 September 30, 2035 20,619 6.27 % 3-month SOFR + 1.40% (1) PNFP Statutory Trust III September 7, 2006 September 30, 2036 20,619 6.52 % 3-month SOFR + 1.65% (1) PNFP Statutory Trust IV October 31, 2007 September 30, 2037 30,928 8.06 % 3-month SOFR + 2.85% (1) BNC Capital Trust I April 3, 2003 April 15, 2033 5,155 8.81 % 3-month SOFR + 3.25% (1) BNC Capital Trust II March 11, 2004 April 7, 2034 6,186 8.41 % 3-month SOFR + 2.85% (1) BNC Capital Trust III September 23, 2004 September 23, 2034 5,155 7.96 % 3-month SOFR + 2.40% (1) BNC Capital Trust IV September 27, 2006 December 31, 2036 7,217 6.57 % 3-month SOFR + 1.70% (1) Valley Financial Trust I June 26, 2003 June 26, 2033 4,124 8.02 % 3-month SOFR + 3.10% (1) Valley Financial Trust II September 26, 2005 December 15, 2035 7,217 6.70 % 3-month SOFR + 1.49% (1) Valley Financial Trust III December 15, 2006 January 30, 2037 5,155 7.25 % 3-month SOFR + 1.73% (1) Southcoast Capital Trust III August 5, 2005 September 30, 2035 10,310 6.37 % 3-month SOFR + 1.50% (1) Subordinated Debt Pinnacle Financial Subordinated Notes September 11, 2019 September 15, 2029 300,000 7.98 % 3-month SOFR + 3.04% (2) Debt issuance costs and fair value adjustments (7,395) Total subordinated debt and other borrowings $ 425,600 (1) Rate transitioned to three month term SOFR plus a comparable tenor spread adjustment beginning after July 1, 2023 as three month LIBOR ceased to be published effective July 1, 2023.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Schedule of Equity Method Investments [Line Items]
Servicing Asset	$ 0	$ 11,812
Bankers Healthcare Group, LLC
Schedule of Equity Method Investments [Line Items]
Ownership interest (as percent)	49%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended					9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2022	Mar. 31, 2020	Sep. 30, 2018	Sep. 30, 2024	Sep. 30, 2023
Cash Transactions:
Interest paid						$ 1,018,706	$ 714,827
Income Taxes Paid						30,047	96,698
Operating lease payments						28,444	22,648
Noncash Transactions:
Loans charged-off to the allowance for credit losses	$ 23,139	$ 24,709				72,773	57,616
Loans foreclosed upon and transferred to other real estate owned						435	435
Loans Foreclosed Upon Transferred To Other Assets						197	561
Available-for-sale securities transferred to held-to-maturity portfolio			$ 1,100,000	$ 873,600	$ 179,800
Right of use assets recognized during the period in exchange for lease obligations						$ 24,064	$ 195,995

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Basic and Diluted Net Income Per Share Calculations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Basic net income per common share calculation:
Net income available to common shareholders	$ 142,893	$ 128,805	$ 312,403	$ 455,779
Denominator - Weighted average common shares outstanding (in shares)	76,520,599	76,044,182	76,435,370	75,998,965
Basic net income per common share (in dollars per share)	$ 1.87	$ 1.69	$ 4.09	$ 6
Diluted net income per common share calculation:
Numerator - Net income available to common shareholders	$ 142,893	$ 128,805	$ 312,403	$ 455,779
Dilutive shares contingently issuable (in shares)	245,000	158,000	171,000	104,000
Weighted Average Number of Shares Outstanding, Diluted	76,765,586	76,201,916	76,606,329	76,102,622
Diluted net income per common share (in dollars per share)	$ 1.86	$ 1.69	$ 4.08	$ 5.99

Equity method investment - Fina

Equity method investment - Financial Position and Results of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Total assets	$ 50,701,888		$ 50,701,888		$ 47,959,883
Total liabilities	44,357,630		44,357,630		41,924,095
Liabilities and Equity	50,701,888		50,701,888		47,959,883
Bankers Healthcare Group, LLC
Schedule of Equity Method Investments [Line Items]
Total assets	3,737,126		3,737,126		4,304,835
Total liabilities	3,224,579		3,224,579		3,749,821
Equity interests	512,547		512,547		555,014
Liabilities and Equity	3,737,126		3,737,126		$ 4,304,835
Revenues	202,114	$ 311,276	708,182	$ 924,560
Net income	$ 34,058	$ 48,125	$ 105,623	$ 152,163

Equity method investment - Narr

Equity method investment - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Technology, trade name and customer relationship intangibles	$ 22,755		$ 22,755		$ 27,465
Amortization of Intangible Assets	1,558	$ 1,765	4,710	$ 5,339
Dividends received from equity method investment			71,689	33,159
Loans	34,308,310		34,308,310		32,676,091
Proceeds from Sale, Loan and Lease, Held-for-Investment			30,715	117,216
Bankers Healthcare Group, LLC
Schedule of Equity Method Investments [Line Items]
Technology, trade name and customer relationship intangibles	5,800		5,800		6,000
Amortization of Intangible Assets	60	88	178	262
Accretion income	34	43	108	183
Dividends received from equity method investment	24,800	5,600	71,700	33,200
Payments to Acquire Loans Held-for-investment	0	$ 0	0	$ 0
Loans	177,700		177,700		$ 263,000
Proceeds from Sale, Loan and Lease, Held-for-Investment	$ 10,200		$ 30,700

Securities Securities - Narrati

Securities Securities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended					9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2022	Mar. 31, 2020	Sep. 30, 2018	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities transferred to Held-to-Maturity			$ 1,100,000	$ 873,600	$ 179,800
Unrealized after tax gain (loss) on available for sale securities transferred to the held to maturity portfolio			$ 1,500	$ 69,000	$ (2,200)
Secured borrowing under agreement to repurchase	$ 210,000					$ 210,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	195,727					195,727		$ 258,224
Debt Securities, Available-for-sale, Unrealized Loss Position	3,667,441					3,667,441		$ 3,265,473
Sales	0	$ 129,600				822,741	$ 303,145
Debt Securities, Available-for-Sale, Realized Gain	0	289				86	302
Debt Securities, Available-for-sale, Realized Loss	0	$ 10,000				72,200	$ 20,000
Securities pledged as collateral
Debt Securities, Available-for-sale [Line Items]
Financial Instruments, Owned, at Fair Value	2,800,000					2,800,000
Securities pledged as collateral
Debt Securities, Available-for-sale [Line Items]
Secured borrowing under agreement to repurchase	$ 210,000					$ 210,000

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Securities available-for-sale [Abstract]
Amortized Cost	$ 5,560,376	$ 4,548,772
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	26,339	26,982
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	195,727	258,224
Fair Value	5,390,988	4,317,530
Available-for-sale, Amortized Cost [Abstract]
Due in one year or less	5,075
Due in one year to five years	227,176
Due in five years to ten years	452,701
Due after ten years	3,018,987
Mortgage-backed securities	1,729,398
Asset-backed securities	127,039
Amortized Cost	5,560,376	4,548,772
Available-for-sale, Fair Value [Abstract]
Due in one year or less	9,166
Due in one year to five years	214,064
Due in five years to ten years	425,872
Due after ten years	2,958,917
Mortgage-backed securities	1,654,357
Asset-backed securities	128,612
Fair Value	5,390,988	4,317,530
Securities held-to-maturity [Abstract]
Amortized Cost	2,903,960	3,008,064
Gross Unrealized Gains	5,835	6,716
Gross Unrealized Losses	195,894	239,596
Fair Value	2,713,901	2,775,184
Allowance for credit losses - securities held-to-maturity	1,707	1,707
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss	2,902,253	3,006,357
Held-to-maturity, Amortized Cost [Abstract]
Due in one year or less	138,251
Due in one year to five years	307,863
Due in five years to ten years	80,695
Due after ten years	1,830,161
Mortgage-backed securities	370,433
Asset-backed securities	176,557
Amortized Cost	2,903,960	3,008,064
Held-to-maturity, Fair Value [Abstract]
Due in one year or less	136,597
Due in one year to five years	294,076
Due in five years to ten years	75,397
Due after ten years	1,692,721
Mortgage-backed securities	345,291
Asset-backed securities	169,819
Fair Value	2,713,901	2,775,184
U.S. Treasury securities
Securities available-for-sale [Abstract]
Amortized Cost	1,456,514	907,990
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	17	2
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	24,974	14,580
Fair Value	1,431,557	893,412
Available-for-sale, Amortized Cost [Abstract]
Amortized Cost	1,456,514	907,990
Available-for-sale, Fair Value [Abstract]
Fair Value	1,431,557	893,412
Securities held-to-maturity [Abstract]
Amortized Cost	69,974	90,309
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,348	3,840
Fair Value	68,626	86,469
Held-to-maturity, Amortized Cost [Abstract]
Amortized Cost	69,974	90,309
Held-to-maturity, Fair Value [Abstract]
Fair Value	68,626	86,469
U.S. Government agency securities
Securities available-for-sale [Abstract]
Amortized Cost	238,930	284,607
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	5	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	18,132	21,877
Fair Value	220,803	262,730
Available-for-sale, Amortized Cost [Abstract]
Amortized Cost	238,930	284,607
Available-for-sale, Fair Value [Abstract]
Fair Value	220,803	262,730
Securities held-to-maturity [Abstract]
Amortized Cost	340,158	364,769
Gross Unrealized Gains	0	0
Gross Unrealized Losses	10,979	19,187
Fair Value	329,179	345,582
Held-to-maturity, Amortized Cost [Abstract]
Amortized Cost	340,158	364,769
Held-to-maturity, Fair Value [Abstract]
Fair Value	329,179	345,582
Mortgage-backed securities
Securities available-for-sale [Abstract]
Amortized Cost	1,729,398	1,071,963
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	10,878	444
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	85,919	125,017
Fair Value	1,654,357	947,390
Available-for-sale, Amortized Cost [Abstract]
Amortized Cost	1,729,398	1,071,963
Available-for-sale, Fair Value [Abstract]
Fair Value	1,654,357	947,390
Securities held-to-maturity [Abstract]
Amortized Cost	370,433	382,100
Gross Unrealized Gains	767	637
Gross Unrealized Losses	25,909	34,900
Fair Value	345,291	347,837
Held-to-maturity, Amortized Cost [Abstract]
Amortized Cost	370,433	382,100
Held-to-maturity, Fair Value [Abstract]
Fair Value	345,291	347,837
State and municipal securities
Securities available-for-sale [Abstract]
Amortized Cost	1,526,844	1,604,874
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	11,819	26,129
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	42,231	45,108
Fair Value	1,496,432	1,585,895
Available-for-sale, Amortized Cost [Abstract]
Amortized Cost	1,526,844	1,604,874
Available-for-sale, Fair Value [Abstract]
Fair Value	1,496,432	1,585,895
Securities held-to-maturity [Abstract]
Amortized Cost	1,863,397	1,886,459
Gross Unrealized Gains	5,005	6,079
Gross Unrealized Losses	144,265	159,027
Fair Value	1,724,137	1,733,511
Held-to-maturity, Amortized Cost [Abstract]
Amortized Cost	1,863,397	1,886,459
Held-to-maturity, Fair Value [Abstract]
Fair Value	1,724,137	1,733,511
Asset-backed securities
Securities available-for-sale [Abstract]
Amortized Cost	127,039	201,577
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	1,647	338
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	74	10,280
Fair Value	128,612	191,635
Available-for-sale, Amortized Cost [Abstract]
Amortized Cost	127,039	201,577
Available-for-sale, Fair Value [Abstract]
Fair Value	128,612	191,635
Securities held-to-maturity [Abstract]
Amortized Cost	176,557	198,418
Gross Unrealized Gains	63	0
Gross Unrealized Losses	6,801	14,228
Fair Value	169,819	184,190
Held-to-maturity, Amortized Cost [Abstract]
Amortized Cost	176,557	198,418
Held-to-maturity, Fair Value [Abstract]
Fair Value	169,819	184,190
Corporate notes and other
Securities available-for-sale [Abstract]
Amortized Cost	481,651	477,761
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	1,973	69
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	24,397	41,362
Fair Value	459,227	436,468
Available-for-sale, Amortized Cost [Abstract]
Amortized Cost	481,651	477,761
Available-for-sale, Fair Value [Abstract]
Fair Value	459,227	436,468
Securities held-to-maturity [Abstract]
Amortized Cost	83,441	86,009
Gross Unrealized Gains	0	0
Gross Unrealized Losses	6,592	8,414
Fair Value	76,849	77,595
Held-to-maturity, Amortized Cost [Abstract]
Amortized Cost	83,441	86,009
Held-to-maturity, Fair Value [Abstract]
Fair Value	$ 76,849	$ 77,595

Securities- Unrealized Losses (

Securities- Unrealized Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 1,216,850	$ 1,021,511
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	22,236	14,349
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	2,450,591	2,243,962
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	173,491	243,875
Total investments with an unrealized loss, fair value	3,667,441	3,265,473
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total	195,727	258,224
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	626,281	693,621
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	7,625	11,651
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	796,446	192,500
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	17,349	2,929
Total investments with an unrealized loss, fair value	1,422,727	886,121
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total	24,974	14,580
U.S. Government agency securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	14,989
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	11
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	219,712	247,648
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	18,132	21,866
Total investments with an unrealized loss, fair value	219,712	262,637
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total	18,132	21,877
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	391,774	72,907
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	3,313	1,518
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	617,752	828,251
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	82,606	123,499
Total investments with an unrealized loss, fair value	1,009,526	901,158
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total	85,919	125,017
State and municipal securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	144,268	185,108
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	10,194	908
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	534,808	449,212
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	32,037	44,200
Total investments with an unrealized loss, fair value	679,076	634,320
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total	42,231	45,108
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	20,457	42,207
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	29	254
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	1,455	122,469
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	45	10,026
Total investments with an unrealized loss, fair value	21,912	164,676
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total	74	10,280
Corporate notes
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	34,070	12,679
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1,075	7
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	280,418	403,882
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	23,322	41,355
Total investments with an unrealized loss, fair value	314,488	416,561
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total	$ 24,397	$ 41,362

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 34,308,310		$ 34,308,310		$ 32,676,091
Percentage of loan portfolio as commercial loan	80%		80%
Risk rated loans	$ 1,500		$ 1,500
Percentage of credit exposure to risk based capital	25%		25%
Loans and other extensions of credit granted to directors, executive officers, and their related entities	$ 41,300		$ 41,300		37,700
Amount drawn from loans and other extensions of credit granted	39,300		39,300		34,700
Commercial loans held-for-sale	8,617		8,617		9,280
Mortgage loans held-for-sale	33,300		33,300		20,200
Loans sold			574,800	$ 511,300
Gain (Loss) on Sale of Mortgage Loans	2,600	$ 2,000	8,792	$ 5,632
Consumer loans held-for-sale, excluding mortgage loans	$ 145,300		$ 145,300		$ 84,000
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of credit exposure to risk based capital	68.20%		68.20%		84.20%
Non-owner occupied commercial real estate and multifamily loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of credit exposure to risk based capital	243.30%		243.30%		259%

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 34,308,310	$ 32,676,091
Loan losses, allowance	391,534	353,055
Loans and Leases Receivable, Net Amount	33,916,776	32,323,036
Commercial real estate - owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,264,743	4,044,896
Commercial real estate - non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,132,388	7,535,494
Consumer real estate – mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,907,766	4,851,531
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,486,504	4,041,081
Commercial and Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	12,986,865	11,666,691
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 530,044	$ 536,398

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Loan Classification by Risk Rating Category (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024		Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 5,852,667			$ 5,852,667			$ 7,801,081
2023	5,152,722			5,152,722			8,956,751
2022	8,524,224			8,524,224			5,834,396
2021	5,175,233			5,175,233			2,057,226
2020	1,659,210			1,659,210			1,215,843
Prior	1,762,083			1,762,083			1,222,983
Revolving Loans	6,182,171			6,182,171			5,587,811
Total	34,308,310			34,308,310			32,676,091
Charged-off loans	(23,139)		$ (24,709)	(72,773)		$ (57,616)
Potential problem loans	48,200			48,200			127,400
2024
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(2,088)
2023
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(11,126)
2022
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(16,350)
2021
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(18,786)
2020
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(2,054)
Prior
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(770)
Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(21,599)
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	5,750,641			5,750,641			7,731,335
2023	5,044,672			5,044,672			8,844,015
2022	8,414,763			8,414,763			5,742,666
2021	5,078,431			5,078,431			2,038,952
2020	1,651,033			1,651,033			1,202,431
Prior	1,726,721			1,726,721			1,196,095
Revolving Loans	6,130,568			6,130,568			5,479,475
Total	33,796,829			33,796,829			32,234,969
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	87,419			87,419			15,448
2023	70,301			70,301			90,359
2022	75,900			75,900			17,757
2021	33,035			33,035			13,996
2020	6,076			6,076			5,666
Prior	12,615			12,615			11,883
Revolving Loans	30,131			30,131			45,025
Total	315,477			315,477			200,134
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	5,934	[1]		5,934	[1]		41,393
2023	21,010	[1]		21,010	[1]		14,543
2022	20,191	[1]		20,191	[1]		28,573
2021	1,296	[1]		1,296	[1]		1,290
2020	100	[1]		100	[1]		2,122
Prior	9,694	[1]		9,694	[1]		9,793
Revolving Loans	18,486	[1]		18,486	[1]		60,986
Total	76,711	[1]		76,711	[1]		158,700
Substandard-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	8,673			8,673			12,905
2023	16,739			16,739			7,834
2022	13,370			13,370			45,400
2021	62,471			62,471			2,987
2020	2,001			2,001			5,624
Prior	13,053			13,053			5,212
Revolving Loans	2,986			2,986			2,325
Total	119,293			119,293			82,287
Doubtful-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0			0			0
2023	0			0			0
2022	0			0			0
2021	0			0			1
2020	0			0			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	0			0			1
Commercial real estate - owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
2024	535,630			535,630			794,738
2023	799,269			799,269			1,170,695
2022	1,110,161			1,110,161			880,637
2021	802,837			802,837			505,710
2020	459,794			459,794			273,469
Prior	484,275			484,275			362,967
Revolving Loans	72,777			72,777			56,680
Total	4,264,743			4,264,743			4,044,896
Charged-off loans	0		0	(8,904)		0
Commercial real estate - owner occupied | 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Commercial real estate - owner occupied | 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(2,808)
Commercial real estate - owner occupied | 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(4,480)
Commercial real estate - owner occupied | 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(1,522)
Commercial real estate - owner occupied | 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Commercial real estate - owner occupied | Prior
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(94)
Commercial real estate - owner occupied | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Commercial real estate - owner occupied | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	519,550			519,550			785,834
2023	791,255			791,255			1,123,425
2022	1,098,122			1,098,122			871,389
2021	797,684			797,684			502,260
2020	455,593			455,593			267,595
Prior	473,887			473,887			357,339
Revolving Loans	72,777			72,777			56,680
Total	4,208,868			4,208,868			3,964,522
Commercial real estate - owner occupied | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	11,786			11,786			1,595
2023	4,012			4,012			37,324
2022	11,112			11,112			5,300
2021	3,235			3,235			2,252
2020	4,118			4,118			5,306
Prior	8,868			8,868			4,701
Revolving Loans	0			0			0
Total	43,131			43,131			56,478
Commercial real estate - owner occupied | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	[1]		0	[1]		5,528
2023	3,153	[1]		3,153	[1]		9,331
2022	927	[1]		927	[1]		3,262
2021	86	[1]		86	[1]		1,145
2020	83	[1]		83	[1]		568
Prior	767	[1]		767	[1]		610
Revolving Loans	0	[1]		0	[1]		0
Total	5,016	[1]		5,016	[1]		20,444
Commercial real estate - owner occupied | Substandard-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	4,294			4,294			1,781
2023	849			849			615
2022	0			0			686
2021	1,832			1,832			53
2020	0			0			0
Prior	753			753			317
Revolving Loans	0			0			0
Total	7,728			7,728			3,452
Commercial real estate - owner occupied | Doubtful-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0			0			0
2023	0			0			0
2022	0			0			0
2021	0			0			0
2020	0			0			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	0			0			0
Commercial real estate - non-owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
2024	997,603			997,603			1,329,832
2023	918,651			918,651			2,715,626
2022	3,069,600			3,069,600			1,777,455
2021	2,019,324			2,019,324			720,724
2020	502,940			502,940			507,178
Prior	517,245			517,245			376,317
Revolving Loans	107,025			107,025			108,362
Total	8,132,388			8,132,388			7,535,494
Charged-off loans	(266)		0	(3,347)		0
Commercial real estate - non-owner occupied | 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(1,347)
Commercial real estate - non-owner occupied | 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Commercial real estate - non-owner occupied | 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Commercial real estate - non-owner occupied | 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(2,000)
Commercial real estate - non-owner occupied | 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Commercial real estate - non-owner occupied | Prior
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Commercial real estate - non-owner occupied | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Commercial real estate - non-owner occupied | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	940,400			940,400			1,304,109
2023	904,676			904,676			2,682,275
2022	3,037,444			3,037,444			1,737,275
2021	1,981,035			1,981,035			713,979
2020	501,402			501,402			505,767
Prior	515,403			515,403			370,420
Revolving Loans	107,025			107,025			107,841
Total	7,987,385			7,987,385			7,421,666
Commercial real estate - non-owner occupied | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	57,203			57,203			0
2023	0			0			30,229
2022	32,032			32,032			0
2021	0			0			6,745
2020	1,538			1,538			216
Prior	1,842			1,842			5,335
Revolving Loans	0			0			0
Total	92,615			92,615			42,525
Commercial real estate - non-owner occupied | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	[1]		0	[1]		25,723
2023	13,483	[1]		13,483	[1]		2,969
2022	0	[1]		0	[1]		0
2021	0	[1]		0	[1]		0
2020	0	[1]		0	[1]		1,195
Prior	0	[1]		0	[1]		73
Revolving Loans	0	[1]		0	[1]		0
Total	13,483	[1]		13,483	[1]		29,960
Commercial real estate - non-owner occupied | Substandard-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0			0			0
2023	492			492			153
2022	124			124			40,180
2021	38,289			38,289			0
2020	0			0			0
Prior	0			0			489
Revolving Loans	0			0			521
Total	38,905			38,905			41,343
Commercial real estate - non-owner occupied | Doubtful-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0			0			0
2023	0			0			0
2022	0			0			0
2021	0			0			0
2020	0			0			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	0			0			0
Consumer real estate – mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	270,995			270,995			573,808
2023	527,904			527,904			978,271
2022	915,661			915,661			1,059,671
2021	999,547			999,547			450,945
2020	412,080			412,080			213,055
Prior	464,864			464,864			322,176
Revolving Loans	1,316,715			1,316,715			1,253,605
Total	4,907,766			4,907,766			4,851,531
Charged-off loans	(126)		(168)	(788)		(598)
Consumer real estate – mortgage | 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Consumer real estate – mortgage | 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Consumer real estate – mortgage | 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(41)
Consumer real estate – mortgage | 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Consumer real estate – mortgage | 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(18)
Consumer real estate – mortgage | Prior
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(12)
Consumer real estate – mortgage | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(717)
Consumer real estate – mortgage | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	270,935			270,935			573,120
2023	521,756			521,756			976,006
2022	909,163			909,163			1,056,720
2021	994,212			994,212			448,420
2020	410,196			410,196			207,790
Prior	453,399			453,399			318,505
Revolving Loans	1,315,112			1,315,112			1,253,091
Total	4,874,773			4,874,773			4,833,652
Consumer real estate – mortgage | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0			0			0
2023	0			0			0
2022	0			0			0
2021	370			370			0
2020	0			0			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	370			370			0
Consumer real estate – mortgage | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	[1]		0	[1]		0
2023	0	[1]		0	[1]		0
2022	0	[1]		0	[1]		0
2021	0	[1]		0	[1]		0
2020	0	[1]		0	[1]		0
Prior	0	[1]		0	[1]		0
Revolving Loans	0	[1]		0	[1]		0
Total	0	[1]		0	[1]		0
Consumer real estate – mortgage | Substandard-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	60			60			688
2023	6,148			6,148			2,265
2022	6,498			6,498			2,951
2021	4,965			4,965			2,525
2020	1,884			1,884			5,265
Prior	11,465			11,465			3,671
Revolving Loans	1,603			1,603			514
Total	32,623			32,623			17,879
Consumer real estate – mortgage | Doubtful-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0			0			0
2023	0			0			0
2022	0			0			0
2021	0			0			0
2020	0			0			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	0			0			0
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
2024	821,986			821,986			1,155,865
2023	673,278			673,278			1,930,670
2022	1,568,291			1,568,291			884,060
2021	354,260			354,260			16,569
2020	7,767			7,767			5,580
Prior	6,895			6,895			6,451
Revolving Loans	54,027			54,027			41,886
Total	3,486,504			3,486,504			4,041,081
Charged-off loans	0		(3)	0		(3)
Construction and land development | 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Construction and land development | 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Construction and land development | 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Construction and land development | 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Construction and land development | 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Construction and land development | Prior
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Construction and land development | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				0
Construction and land development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	820,303			820,303			1,153,137
2023	671,283			671,283			1,930,062
2022	1,568,291			1,568,291			884,060
2021	329,150			329,150			12,102
2020	7,755			7,755			5,580
Prior	6,895			6,895			6,369
Revolving Loans	54,027			54,027			41,886
Total	3,457,704			3,457,704			4,033,196
Construction and land development | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	504			504			2,728
2023	0			0			0
2022	0			0			0
2021	25,110			25,110			4,467
2020	0			0			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	25,614			25,614			7,195
Construction and land development | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	[1]		0	[1]		0
2023	0	[1]		0	[1]		0
2022	0	[1]		0	[1]		0
2021	0	[1]		0	[1]		0
2020	0	[1]		0	[1]		0
Prior	0	[1]		0	[1]		82
Revolving Loans	0	[1]		0	[1]		0
Total	0	[1]		0	[1]		82
Construction and land development | Substandard-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,179			1,179			0
2023	1,995			1,995			608
2022	0			0			0
2021	0			0			0
2020	12			12			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	3,186			3,186			608
Construction and land development | Doubtful-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0			0			0
2023	0			0			0
2022	0			0			0
2021	0			0			0
2020	0			0			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	0			0			0
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	3,102,292			3,102,292			3,810,029
2023	2,213,072			2,213,072			2,132,715
2022	1,839,459			1,839,459			1,166,447
2021	950,869			950,869			326,263
2020	249,076			249,076			216,020
Prior	288,071			288,071			154,416
Revolving Loans	4,344,026			4,344,026			3,860,801
Total	12,986,865			12,986,865			11,666,691
Charged-off loans	(19,842)		(20,330)	(50,611)		(45,158)
Commercial and industrial | 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(716)
Commercial and industrial | 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(8,036)
Commercial and industrial | 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(11,719)
Commercial and industrial | 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(12,446)
Commercial and industrial | 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(701)
Commercial and industrial | Prior
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(657)
Commercial and industrial | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(16,336)
Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	3,075,697			3,075,697			3,778,326
2023	2,135,154			2,135,154			2,103,473
2022	1,780,693			1,780,693			1,127,096
2021	927,995			927,995			325,176
2020	248,559			248,559			215,158
Prior	276,405			276,405			142,806
Revolving Loans	4,294,026			4,294,026			3,753,575
Total	12,738,529			12,738,529			11,445,610
Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	17,926			17,926			11,125
2023	66,289			66,289			22,806
2022	32,756			32,756			12,457
2021	4,320			4,320			532
2020	420			420			144
Prior	1,905			1,905			1,847
Revolving Loans	30,131			30,131			45,025
Total	153,747			153,747			93,936
Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	5,934	[1]		5,934	[1]		10,142
2023	4,374	[1]		4,374	[1]		2,243
2022	19,264	[1]		19,264	[1]		25,311
2021	1,210	[1]		1,210	[1]		145
2020	17	[1]		17	[1]		359
Prior	8,927	[1]		8,927	[1]		9,028
Revolving Loans	18,486	[1]		18,486	[1]		60,986
Total	58,212	[1]		58,212	[1]		108,214
Commercial and industrial | Substandard-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	2,735			2,735			10,436
2023	7,255			7,255			4,193
2022	6,746			6,746			1,583
2021	17,344			17,344			409
2020	80			80			359
Prior	834			834			735
Revolving Loans	1,383			1,383			1,215
Total	36,377			36,377			18,930
Commercial and industrial | Doubtful-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0			0			0
2023	0			0			0
2022	0			0			0
2021	0			0			1
2020	0			0			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	0			0			1
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
2024	124,161			124,161			136,809
2023	20,548			20,548			28,774
2022	21,052			21,052			66,126
2021	48,396			48,396			37,015
2020	27,553			27,553			541
Prior	733			733			656
Revolving Loans	287,601			287,601			266,477
Total	530,044			530,044			536,398
Charged-off loans	(2,905)		$ (4,208)	(9,123)		$ (11,857)
Consumer and other | 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(25)
Consumer and other | 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(282)
Consumer and other | 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(110)
Consumer and other | 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(2,818)
Consumer and other | 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(1,335)
Consumer and other | Prior
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(7)
Consumer and other | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Charged-off loans				(4,546)
Consumer and other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	123,756			123,756			136,809
2023	20,548			20,548			28,774
2022	21,050			21,050			66,126
2021	48,355			48,355			37,015
2020	27,528			27,528			541
Prior	732			732			656
Revolving Loans	287,601			287,601			266,402
Total	529,570			529,570			536,323
Consumer and other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0			0			0
2023	0			0			0
2022	0			0			0
2021	0			0			0
2020	0			0			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	0			0			0
Consumer and other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	[1]		0	[1]		0
2023	0	[1]		0	[1]		0
2022	0	[1]		0	[1]		0
2021	0	[1]		0	[1]		0
2020	0	[1]		0	[1]		0
Prior	0	[1]		0	[1]		0
Revolving Loans	0	[1]		0	[1]		0
Total	0	[1]		0	[1]		0
Consumer and other | Substandard-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	405			405			0
2023	0			0			0
2022	2			2			0
2021	41			41			0
2020	25			25			0
Prior	1			1			0
Revolving Loans	0			0			75
Total	474			474			75
Consumer and other | Doubtful-nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0			0			0
2023	0			0			0
2022	0			0			0
2021	0			0			0
2020	0			0			0
Prior	0			0			0
Revolving Loans	0			0			0
Total	$ 0			$ 0			$ 0
[1]Potential problem loans represent those loans with a well-defined weakness and where information about possible credit problems of borrowers has caused management to have doubts about the borrower's ability to comply with present repayment terms. This definition is believed to be substantially consistent with the standards established by Pinnacle Bank's primary regulators for loans classified as substandard, excluding loan modifications made to borrowers experiencing financial difficulty. Potential problem loans, which are not included in nonaccrual loans, amounted to approximately $48.2 million at September 30, 2024, compared to $127.4 million at December 31, 2023.

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Financing Receivables Past Due (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans	$ 34,308,310	$ 32,676,091
Commercial real estate - owner occupied
Financing Receivable, Past Due [Line Items]
Loans	4,264,743	4,044,896
Commercial real estate - non-owner occupied
Financing Receivable, Past Due [Line Items]
Loans	8,132,388	7,535,494
Consumer real estate – mortgage
Financing Receivable, Past Due [Line Items]
Loans	4,907,766	4,851,531
Construction and land development
Financing Receivable, Past Due [Line Items]
Loans	3,486,504	4,041,081
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans	12,986,865	11,666,691
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans	530,044	536,398
30-59 days past due
Financing Receivable, Past Due [Line Items]
Loans	30,398	83,937
30-59 days past due | Commercial real estate - owner occupied
Financing Receivable, Past Due [Line Items]
Loans	4,052	1,671
30-59 days past due | Commercial real estate - non-owner occupied
Financing Receivable, Past Due [Line Items]
Loans	974	40,577
30-59 days past due | Consumer real estate – mortgage
Financing Receivable, Past Due [Line Items]
Loans	6,844	21,585
30-59 days past due | Construction and land development
Financing Receivable, Past Due [Line Items]
Loans	67	621
30-59 days past due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans	14,581	14,197
30-59 days past due | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans	3,880	5,286
60-89 days past due
Financing Receivable, Past Due [Line Items]
Loans	29,803	32,465
60-89 days past due | Commercial real estate - owner occupied
Financing Receivable, Past Due [Line Items]
Loans	5,931	507
60-89 days past due | Commercial real estate - non-owner occupied
Financing Receivable, Past Due [Line Items]
Loans	0	489
60-89 days past due | Consumer real estate – mortgage
Financing Receivable, Past Due [Line Items]
Loans	14,449	1,352
60-89 days past due | Construction and land development
Financing Receivable, Past Due [Line Items]
Loans	0	28
60-89 days past due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans	7,268	28,221
60-89 days past due | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans	2,155	1,868
90 days or more past due
Financing Receivable, Past Due [Line Items]
Loans	82,005	33,369
90 days or more past due | Commercial real estate - owner occupied
Financing Receivable, Past Due [Line Items]
Loans	3,629	3,398
90 days or more past due | Commercial real estate - non-owner occupied
Financing Receivable, Past Due [Line Items]
Loans	38,413	153
90 days or more past due | Consumer real estate – mortgage
Financing Receivable, Past Due [Line Items]
Loans	17,479	10,824
90 days or more past due | Construction and land development
Financing Receivable, Past Due [Line Items]
Loans	2,696	608
90 days or more past due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans	18,584	16,890
90 days or more past due | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans	1,204	1,496
Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Loans	142,206	149,771
Financial Asset, Past Due | Commercial real estate - owner occupied
Financing Receivable, Past Due [Line Items]
Loans	13,612	5,576
Financial Asset, Past Due | Commercial real estate - non-owner occupied
Financing Receivable, Past Due [Line Items]
Loans	39,387	41,219
Financial Asset, Past Due | Consumer real estate – mortgage
Financing Receivable, Past Due [Line Items]
Loans	38,772	33,761
Financial Asset, Past Due | Construction and land development
Financing Receivable, Past Due [Line Items]
Loans	2,763	1,257
Financial Asset, Past Due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans	40,433	59,308
Financial Asset, Past Due | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans	7,239	8,650
Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Loans	34,166,104	32,526,320
Financial Asset, Not Past Due | Commercial real estate - owner occupied
Financing Receivable, Past Due [Line Items]
Loans	4,251,131	4,039,320
Financial Asset, Not Past Due | Commercial real estate - non-owner occupied
Financing Receivable, Past Due [Line Items]
Loans	8,093,001	7,494,275
Financial Asset, Not Past Due | Consumer real estate – mortgage
Financing Receivable, Past Due [Line Items]
Loans	4,868,994	4,817,770
Financial Asset, Not Past Due | Construction and land development
Financing Receivable, Past Due [Line Items]
Loans	3,483,741	4,039,824
Financial Asset, Not Past Due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans	12,946,432	11,607,383
Financial Asset, Not Past Due | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans	$ 522,805	$ 527,748

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 381,601	$ 337,459	$ 353,055	$ 300,665
Loans charged-off to the allowance for credit losses	23,139	24,709	72,773	57,616
Recovery of previously charged-off loans	4,791	6,616	15,315	22,461
Provision for Loan and Lease Losses	28,281	26,826	95,937	80,682
Ending Balance	391,534	346,192	391,534	346,192
Commercial real estate - owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	29,847	26,497	28,690	26,617
Loans charged-off to the allowance for credit losses	0	0	8,904	0
Recovery of previously charged-off loans	11	52	153	66
Provision for Loan and Lease Losses	1,842	1,329	11,761	1,195
Ending Balance	31,700	27,878	31,700	27,878
Commercial and Industrial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	154,014	148,418	148,212	144,353
Loans charged-off to the allowance for credit losses	19,842	20,330	50,611	45,158
Recovery of previously charged-off loans	3,281	3,831	10,030	11,959
Provision for Loan and Lease Losses	24,918	12,383	54,740	33,148
Ending Balance	162,371	144,302	162,371	144,302
Consumer real estate – mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	80,247	59,374	71,354	36,536
Loans charged-off to the allowance for credit losses	126	168	788	598
Recovery of previously charged-off loans	168	374	849	1,989
Provision for Loan and Lease Losses	(4,102)	10,917	4,772	32,570
Ending Balance	76,187	70,497	76,187	70,497
Construction and land development
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	30,035	38,855	39,142	36,114
Loans charged-off to the allowance for credit losses	0	3	0	3
Recovery of previously charged-off loans	0	86	9	337
Provision for Loan and Lease Losses	2,340	(1,908)	(6,776)	582
Ending Balance	32,375	37,030	32,375	37,030
Consumer and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	8,494	9,207	7,970	16,566
Loans charged-off to the allowance for credit losses	2,905	4,208	9,123	11,857
Recovery of previously charged-off loans	1,319	2,229	4,234	6,877
Provision for Loan and Lease Losses	1,230	2,008	5,057	(2,350)
Ending Balance	8,138	9,236	8,138	9,236
Commercial real estate - non-owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	78,964	55,108	57,687	40,479
Loans charged-off to the allowance for credit losses	266	0	3,347	0
Recovery of previously charged-off loans	12	44	40	1,233
Provision for Loan and Lease Losses	2,053	2,097	26,383	15,537
Ending Balance	$ 80,763	$ 57,249	$ 80,763	$ 57,249

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Details on Allowance for Loan Losses and Recorded Investment by Loan Classification and Impairment Evaluation Method (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 148,990	$ 145,095
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	101,627	112,918
Business Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	46,654	31,625
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	709	552
Commercial real estate - owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	8,799	22,284
Commercial real estate - owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	8,799	22,284
Commercial real estate - owner occupied | Business Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Commercial real estate - owner occupied | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Commercial real estate - non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	54,894	69,577
Commercial real estate - non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	54,894	69,577
Commercial real estate - non-owner occupied | Business Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Commercial real estate - non-owner occupied | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Consumer real estate – mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	34,693	20,389
Consumer real estate – mortgage | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	34,693	20,389
Consumer real estate – mortgage | Business Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Consumer real estate – mortgage | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	3,241	668
Construction and land development | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	3,241	668
Construction and land development | Business Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Construction and land development | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	47,363	32,177
Commercial and industrial | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Commercial and industrial | Business Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	46,654	31,625
Commercial and industrial | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	709	552
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Consumer and other | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Consumer and other | Business Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0
Consumer and other | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 0	$ 0

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Nonaccrual and Past Due Greater than 90 Days (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	$ 119,293	$ 82,288
Financing Receivable, Nonaccrual, No Allowance	23,520	41,310
Financing Receivable, 90 Days or More Past Due, Still Accruing	3,611	6,004
Commercial real estate - owner occupied
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	7,728	3,452
Financing Receivable, Nonaccrual, No Allowance	3,951	122
Financing Receivable, 90 Days or More Past Due, Still Accruing	0	0
Commercial real estate - non-owner occupied
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	38,905	41,343
Financing Receivable, Nonaccrual, No Allowance	0	40,669
Financing Receivable, 90 Days or More Past Due, Still Accruing	0	0
Consumer real estate – mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	32,623	17,879
Financing Receivable, Nonaccrual, No Allowance	1,376	0
Financing Receivable, 90 Days or More Past Due, Still Accruing	11	781
Construction and land development
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	3,186	608
Financing Receivable, Nonaccrual, No Allowance	319	0
Financing Receivable, 90 Days or More Past Due, Still Accruing	0	0
Commercial and Industrial Portfolio Segment [Member]
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	36,377	18,931
Financing Receivable, Nonaccrual, No Allowance	17,874	519
Financing Receivable, 90 Days or More Past Due, Still Accruing	2,783	3,802
Consumer and other
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	474	75
Financing Receivable, Nonaccrual, No Allowance	0	0
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 817	$ 1,421

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Recorded Investment, Principal Balance and Related Allowance (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Interest Income, Cash Basis Method	$ 0	$ 0	$ 0	$ 0
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	2,500,000	$ 1,200,000	6,600,000	$ 3,100,000
Currently performing impaired loans	$ 33,400,000		$ 33,400,000		$ 7,900,000

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Modifications (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, Subsequent Default		$ 0
Post Modification Outstanding Recorded Investment, net of related allowance			$ 33,394,000		$ 33,394,000
Financing Receivable, Modified, after 12 Months		15,003,000	33,394,000	$ 15,003,000	33,394,000
30-59 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
60-89 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
90 days or more past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Financial Asset, Not Past Due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		15,003,000	33,394,000	15,003,000	33,394,000
Payment Deferral
Schedule Of Financing Receivable Modifications Table [Line Items]
Post Modification Outstanding Recorded Investment, net of related allowance			11,165,000		11,165,000
Extended Maturity
Schedule Of Financing Receivable Modifications Table [Line Items]
Post Modification Outstanding Recorded Investment, net of related allowance			8,753,000		8,753,000
Combination - Payment Deferral, Extended Maturity, and Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Post Modification Outstanding Recorded Investment, net of related allowance			13,476,000		13,476,000
Combination - Extended Maturity & Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Post Modification Outstanding Recorded Investment, net of related allowance				15,003,000
Commercial real estate - owner occupied
Schedule Of Financing Receivable Modifications Table [Line Items]
Post Modification Outstanding Recorded Investment, net of related allowance			5,528,000		5,528,000
Financing Receivable, Modified, Writeoff				2,800,000
Financing Receivable, Modified, after 12 Months		0	5,528,000	0	5,528,000
Commercial real estate - owner occupied | 30-59 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Commercial real estate - owner occupied | 60-89 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Commercial real estate - owner occupied | 90 days or more past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Commercial real estate - owner occupied | Financial Asset, Not Past Due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		$ 0	$ 5,528,000	$ 0	$ 5,528,000
Commercial real estate - owner occupied | Payment Deferral
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Commercial real estate - owner occupied | Extended Maturity
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0.14%		0.14%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 5,528,000		$ 5,528,000
Financing Receivable, Modification, Financial Effect of Modification			3 months		3 months
Commercial real estate - owner occupied | Combination - Payment Deferral, Extended Maturity, and Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Commercial real estate - owner occupied | Combination - Extended Maturity & Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type		0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance		$ 0		$ 0
Commercial real estate - non-owner occupied
Schedule Of Financing Receivable Modifications Table [Line Items]
Post Modification Outstanding Recorded Investment, net of related allowance			24,641,000		24,641,000
Financing Receivable, Modified, Writeoff				1,100,000
Financing Receivable, Modified, after 12 Months		0	24,641,000	0	24,641,000
Commercial real estate - non-owner occupied | 30-59 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Commercial real estate - non-owner occupied | 60-89 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Commercial real estate - non-owner occupied | 90 days or more past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Commercial real estate - non-owner occupied | Financial Asset, Not Past Due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		$ 0	$ 24,641,000	$ 0	$ 24,641,000
Commercial real estate - non-owner occupied | Payment Deferral
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0.15%		0.15%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 11,165,000		$ 11,165,000
Commercial real estate - non-owner occupied | Extended Maturity
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Commercial real estate - non-owner occupied | Combination - Payment Deferral, Extended Maturity, and Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0.18%		0.18%
Post Modification Outstanding Recorded Investment, net of related allowance	[1]		$ 13,476,000		$ 13,476,000
Financing Receivable, Modification, Financial Effect of Modification			2 years		2 years
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification			0.55%		0.55%
Commercial real estate - non-owner occupied | Combination - Extended Maturity & Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type		0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance		$ 0		$ 0
Consumer real estate – mortgage
Schedule Of Financing Receivable Modifications Table [Line Items]
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Financing Receivable, Modified, after 12 Months		0	0	0	0
Consumer real estate – mortgage | 30-59 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Consumer real estate – mortgage | 60-89 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Consumer real estate – mortgage | 90 days or more past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Consumer real estate – mortgage | Financial Asset, Not Past Due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		$ 0	$ 0	$ 0	$ 0
Consumer real estate – mortgage | Payment Deferral
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Consumer real estate – mortgage | Extended Maturity
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Consumer real estate – mortgage | Combination - Payment Deferral, Extended Maturity, and Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Consumer real estate – mortgage | Combination - Extended Maturity & Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type		0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance		$ 0		$ 0
Construction and land development
Schedule Of Financing Receivable Modifications Table [Line Items]
Post Modification Outstanding Recorded Investment, net of related allowance			0		0
Financing Receivable, Modified, after 12 Months		0	0	0	0
Construction and land development | 30-59 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Construction and land development | 60-89 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Construction and land development | 90 days or more past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Construction and land development | Financial Asset, Not Past Due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		$ 0	$ 0	$ 0	$ 0
Construction and land development | Payment Deferral
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Construction and land development | Extended Maturity
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Construction and land development | Combination - Payment Deferral, Extended Maturity, and Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Construction and land development | Combination - Extended Maturity & Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type		0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance		$ 0		$ 0
Commercial and industrial
Schedule Of Financing Receivable Modifications Table [Line Items]
Post Modification Outstanding Recorded Investment, net of related allowance			3,225,000		3,225,000
Financing Receivable, Modified, after 12 Months		15,003,000	3,225,000	15,003,000	3,225,000
Commercial and industrial | 30-59 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Commercial and industrial | 60-89 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Commercial and industrial | 90 days or more past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Commercial and industrial | Financial Asset, Not Past Due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		$ 15,003,000	$ 3,225,000	$ 15,003,000	$ 3,225,000
Commercial and industrial | Payment Deferral
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Commercial and industrial | Extended Maturity
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0.03%		0.03%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 3,225,000		$ 3,225,000
Financing Receivable, Modification, Financial Effect of Modification			3 months		3 months
Commercial and industrial | Combination - Payment Deferral, Extended Maturity, and Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Commercial and industrial | Combination - Extended Maturity & Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type		0.12%		0.12%
Post Modification Outstanding Recorded Investment, net of related allowance		$ 15,003,000		$ 15,003,000
Financing Receivable, Modification, Financial Effect of Modification		1 year 11 months 1 day		1 year 11 months 1 day
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification		0.50%		0.50%
Consumer and other
Schedule Of Financing Receivable Modifications Table [Line Items]
Post Modification Outstanding Recorded Investment, net of related allowance			0		0
Financing Receivable, Modified, after 12 Months		$ 0	0	$ 0	0
Consumer and other | 30-59 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Consumer and other | 60-89 days past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Consumer and other | 90 days or more past due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		0	0	0	0
Consumer and other | Financial Asset, Not Past Due
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modified, after 12 Months		$ 0	$ 0	$ 0	$ 0
Consumer and other | Payment Deferral
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Consumer and other | Extended Maturity
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Consumer and other | Combination - Payment Deferral, Extended Maturity, and Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type			0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance			$ 0		$ 0
Consumer and other | Combination - Extended Maturity & Contractual Interest Rate Reduction
Schedule Of Financing Receivable Modifications Table [Line Items]
Financing Receivable, Modification, Percent of Total Loan Type		0%		0%
Post Modification Outstanding Recorded Investment, net of related allowance		$ 0		$ 0
[1] ¹ The combination includes payment delay, term extension, and an interest rate reduction.

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Industry Classification System (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Lessors of nonresidential buildings
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Principal Balances	$ 4,578,913
Unfunded Commitments	872,139
Total exposure	5,451,052	$ 5,916,335
Lessors of residential buildings
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Principal Balances	2,278,972
Unfunded Commitments	609,958
Total exposure	2,888,930	3,179,041
New Housing For-Sale Builders
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Principal Balances	562,830
Unfunded Commitments	806,163
Total exposure	1,368,993	1,396,653
Music Publishers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Principal Balances	862,574
Unfunded Commitments	307,707
Total exposure	$ 1,170,281	$ 1,219,781

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Servicing Assets at Fair Value [Line Items]
Servicing Asset at Fair Value, Amount	$ 10,958	$ 10,958	$ 11,301		$ 0
Servicing Asset	0	0		$ 11,812
Servicing Asset at Fair Value, Additions	32	170
Servicing Asset at Fair Value, Period Increase (Decrease)	(48)	(212)
Servicing Asset at Fair Value, Changes in Fair Value Resulting from Changes in Valuation Inputs or Changes in Assumptions	$ (327)	$ (812)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits	$ 8,400,000		$ 8,400,000		$ 8,800,000
Unrecognized Tax Benefits, Period Increase (Decrease)	0	$ 0		$ 0
Interest and penalties	$ 0	$ 0	$ 0	$ 0
Effective income tax rate (as percent)	19%	21.10%	18.50%	20.20%
Federal and State income tax statutory rate (as percent)			25%	25%
Excess tax benefit	$ 131,000	$ (16,000)	$ 2,600,000	$ 241,000
Income Taxes Paid, Net	$ 55,000	$ 0	$ 365,000	$ 6,300,000

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Loss Contingencies [Line Items]
Off-Balance Sheet, Credit Loss, Liability	$ 12,500		$ 12,500		$ 17,500
Provision for Other Losses	(2,000)	$ 0	(5,000)	$ (3,500)
Commitments
Loss Contingencies [Line Items]
Amount of commitment	14,400,000		14,400,000
Home Equity Line of Credit
Loss Contingencies [Line Items]
Amount of commitment	1,800,000		$ 1,800,000
Standby letter of credit
Loss Contingencies [Line Items]
Expiry period of standby letter of credit, maximum			2 years
Amount of commitment	$ 380,100		$ 380,100		$ 325,100

Stock Options and Restricted _3

Stock Options and Restricted Shares - Narrative (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 10,444	$ 10,621	$ 10,340	$ 10,121	$ 9,253	$ 10,199	$ 31,405	$ 29,573
Remaining Share-Based Compensation on Unvested Restricted Stock Awards	$ 71,000						$ 71,000
Weighted Average Remaining Period of Sharebased Compensation Expense							1 year 11 months 4 days
2018 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuances (in shares)	1,700						1,700
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuances (in shares)	1,000						1,000

Stock Options and Restricted _4

Stock Options and Restricted Shares - Unvested Restricted Awards (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Restricted share awards
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested, beginning of period (in shares)	703,399
Shares awarded	240,016
Restrictions lapsed and shares released to associates/directors (in shares)	(205,393)
Shares forfeited (in shares)	(25,484)
Unvested, end of period (in shares)	712,538
Grant Date Weighted-Average Cost
Unvested, beginning of period (in dollars per share) | $ / shares	$ 77.68
Unvested, end of period (in dollars per share) | $ / shares	$ 81.70
Time Based Awards | Associates
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	230,126	[1],[2]
Restrictions lapsed and shares released to associates/directors (in shares)	(146)	[1],[2]
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Shares Withheld For Taxes By Associates Leadership Team and Directors	98	[1],[2]
Shares forfeited (in shares)	(6,013)	[1],[2],[3]
Unvested, end of period (in shares)	223,869	[1],[2]
Time Based Awards | Associates | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Vesting period in years	5 years
Outside Director Awards [Member] | Outside directors
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Vesting period in years	1 year	[1],[4]
Shares awarded	9,890	[1],[4]
Restrictions lapsed and shares released to associates/directors (in shares)	0	[1],[4]
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Shares Withheld For Taxes By Associates Leadership Team and Directors	0	[1],[4]
Shares forfeited (in shares)	0	[1],[3],[4]
Unvested, end of period (in shares)	9,890	[1],[4]
[1] Groups include employees (referred to as associates above) and outside directors. When the restricted shares are awarded, a participant receives voting rights and forfeitable dividend rights with respect to the shares, but is not able to transfer the shares until the restrictions have lapsed. Once the restrictions lapse, the participant is taxed on the value of the award and may elect to sell some shares (or have Pinnacle Financial withhold some shares) to pay the applicable income taxes associated with the award. Alternatively, the recipient can pay the withholding taxes in cash. For time-based vesting restricted share awards, dividends paid on shares for which the forfeiture restrictions do not lapse will be recouped by Pinnacle Financial at the time of termination. For awards to Pinnacle Financial's directors, dividends are placed into escrow until the forfeiture restrictions on such shares lapse. The forfeiture restrictions on these restricted share awards lapse in equal annual installments on the anniversary date of the grant. These shares represent forfeitures resulting from recipients whose employment was terminated during the year-to-date period ended September 30, 2024. Any dividends paid on shares for which the forfeiture restrictions do not lapse will be recouped by Pinnacle Financial at the time of termination or will not be distributed from escrow, as applicable. Restricted share awards are issued to the outside members of the board of directors in accordance with their board compensation plan. Restrictions lapse on March 1, 2025 based on each individual board member meeting attendance goals for the various board and board committee meetings to which each member was scheduled to attend.

Stock Options and Restricted _5

Stock Options and Restricted Shares - Performance Unit Awards Outstanding (Details) - $ / shares		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested, beginning of period (in shares)		102,877
Shares awarded		57,480
Restrictions lapsed and shares released to participants		(49,280)
Shares Forfeited by participants		1,239
Unvested, end of period (in shares)		109,838
Grant Date Weighted-Average Cost
Unvested, beginning of period (in dollars per share)		$ 78.03
Unvested, end of period (in dollars per share)		$ 80.83
Performance Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded		435,863	111,108
Shares withheld for taxes by participants		158,513	38,782
2023 Performance Unit Awards | Tranche 2023-2025
Grant Date Weighted-Average Cost
Service period per tranche (in years)	[1]	0 years
Subsequent holding period per tranche (in years)	[1]	0 years
2023 Performance Unit Awards | Named Executive Officers (NEOs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[1]	103,136
2023 Performance Unit Awards | Named Executive Officers (NEOs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[1]	247,515
2023 Performance Unit Awards | Leadership Team other than NEOs
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[1]	61,673
2022 Performance Unit Award | Tranche 2022-2024
Grant Date Weighted-Average Cost
Service period per tranche (in years)	[1]	0 years
Subsequent holding period per tranche (in years)	[1]	0 years
2022 Performance Unit Award | Named Executive Officers (NEOs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[1]	56,465
2022 Performance Unit Award | Named Executive Officers (NEOs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[1]	135,514
2022 Performance Unit Award | Leadership Team other than NEOs
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[1]	32,320
2022 Special Performance Unit Award | Tranche 2022-2024
Grant Date Weighted-Average Cost
Service period per tranche (in years)		0 years
Subsequent holding period per tranche (in years)		1 year
2022 Special Performance Unit Award | Named Executive Officers (NEOs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded		0
2022 Special Performance Unit Award | Named Executive Officers (NEOs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded		230,000
2022 Special Performance Unit Award | Leadership Team other than NEOs
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded		0
2020 Performance Unit Award | Tranche 2020
Grant Date Weighted-Average Cost
Service period per tranche (in years)		2 years
Subsequent holding period per tranche (in years)		3 years
2020 Performance Unit Award | Tranche 2021
Grant Date Weighted-Average Cost
Service period per tranche (in years)		2 years
Subsequent holding period per tranche (in years)		2 years
2020 Performance Unit Award | Tranche 2022
Grant Date Weighted-Average Cost
Service period per tranche (in years)		2 years
Subsequent holding period per tranche (in years)		1 year
2020 Performance Unit Award | Named Executive Officers (NEOs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[2]	136,137
2020 Performance Unit Award | Named Executive Officers (NEOs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[2]	204,220
2020 Performance Unit Award | Leadership Team other than NEOs
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded		59,648
2024 Performance Unit Award | Tranche 2024-2026
Grant Date Weighted-Average Cost
Service period per tranche (in years)	[1]	0 years
Subsequent holding period per tranche (in years)	[1]	0 years
2024 Performance Unit Award | Named Executive Officers (NEOs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[1]	80,211
2024 Performance Unit Award | Named Executive Officers (NEOs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[1]	192,499
2024 Performance Unit Award | Leadership Team other than NEOs
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded	[1]	53,710
2024 Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares awarded		57,480
Restrictions lapsed and shares released to participants		24
Shares withheld for taxes by participants		8
Shares Forfeited by participants	[3]	569
Unvested, end of period (in shares)		56,879
Grant Date Weighted-Average Cost
Vesting period in years		3 years
[1]Performance stock unit awards granted in or after 2022, if earned, will be settled in shares of Pinnacle Financial common stock in the period noted in the table, if the performance criterion included in the applicable performance unit award agreement are met.[2] The named executive officers are awarded a range of awards that generally may be earned based on attainment of goals between a target level of performance and a maximum level of performance. The 230,000 performance units awarded to the NEOs in 2022 may be earned based on target level performance and do not include a maximum level payout. These shares represent forfeitures resulting from recipients whose employment was terminated during the year-to-date period ended September 30, 2024. Dividend equivalents are held in escrow for award recipients for dividends paid prior to the forfeiture restrictions lapsing. Such dividend equivalents are not released from escrow if an award is forfeited.

Derivative Instruments - Non-he

Derivative Instruments - Non-hedge Derivatives (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 28, 2024	Dec. 31, 2023
Derivative [Line Items]
Loss protection fee		7.95%		7.95%
Credit Default Swap, Buying Protection
Derivative [Line Items]
Notional Amount		$ 86,500		$ 86,500
Credit Default Swap | Consumer real estate – mortgage
Derivative [Line Items]
Notional Amount						$ 1,700,000
Not Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount		4,716,752		4,716,752			$ 4,075,480
Estimated Fair Value (1)	[1]	(515)		(515)			(744)
Derivative, Gain (Loss) on Derivative, Net		414	$ (265)	223	$ (847)
Not Designated as Hedging Instrument | Assets
Derivative [Line Items]
Notional Amount		2,358,376		2,358,376			2,037,740
Estimated Fair Value (1)	[1]	43,972		43,972			66,462
Not Designated as Hedging Instrument | Liabilities
Derivative [Line Items]
Notional Amount		2,358,376		2,358,376			2,037,740
Estimated Fair Value (1)	[1]	(44,487)		(44,487)			(67,206)
Not Designated as Hedging Instrument | Credit Default Swap
Derivative [Line Items]
Notional Amount		83,558		83,558		$ 86,500	0
Derivative, Gain (Loss) on Derivative, Net		(137)	$ 0	(137)	$ 0
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value		$ (137)		$ (137)			$ 0
[1]The variation margin payments for derivatives cleared through central clearing houses are characterized as settlements. At September 30, 2024 and December 31, 2023, there were no interest rate swap agreements designated as non-hedge derivatives cleared through clearing houses.

Derivative Instruments - Hedge

Derivative Instruments - Hedge Derivatives (Details) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended
		Apr. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivative [Line Items]
Net gain on cash flow hedges reclassified from other comprehensive income into net income, net of tax			$ (2,433,000)	$ (2,473,000)	$ (7,378,000)	$ (7,217,000)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months					1,600,000
Hedging derivative | Securities
Derivative [Line Items]
Notional Amount			300,000,000		300,000,000
Cash flow hedge | Hedging derivative | Asset derivatives
Derivative [Line Items]
Notional Amount			1,750,000,000		1,750,000,000		$ 1,750,000,000
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)			24,430,000	(17,403,000)	1,287,000	(28,764,000)
Cash Flow Hedges Derivative Instruments at Fair Value, Net			66,296,000		66,296,000		74,797,000
Fair value hedge | Hedging derivative
Derivative [Line Items]
Forecasted Notional Amount			4,406,266,000		4,406,266,000		3,287,139,000
Fair Value Hedge Assets	[1]		20,188,000		20,188,000		43,706,000
Fair value hedge | Hedging derivative | Securities
Derivative [Line Items]
Gain (Loss) on Fair Value Hedges Recognized in Earnings		$ 986,000	(59,423,000)	15,669,000	(22,515,000)	17,494,000
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge			59,423,000	(15,669,000)	22,515,000	(17,494,000)
Derivative Instruments and Hedges, Assets			4,095,640,000		4,095,640,000		2,074,621,000
Fair Value Hedging Adjustment			29,471,000		29,471,000		(41,708,000)
Gain (Loss) on Fair Value Hedges Recognized in Earnings		5,700,000
Fair value hedge | Hedging derivative | Securities | Asset derivatives
Derivative [Line Items]
Forecasted Notional Amount			$ 584,698,000		$ 584,698,000		$ 543,061,000
Derivative Asset, Statement of Financial Position			Other assets		Other assets		Other assets
Weighted Average Remaining Maturity					9 years 3 months 29 days
Pay Rate (as percent)			2.30%		2.30%
Derivative, Type of Interest Rate Paid on Swap					Federal Funds/ SOFR
Fair Value Hedge Assets	[1]		$ 30,932,000		$ 30,932,000		$ 42,983,000
Terminated Notional Amount of Interest Rate Derivatives		164,300,000
Terminated Fair Value Amount of Interest Rate Derivatives		$ 14,300,000
Fair value hedge | Hedging derivative | Securities | Liability derivatives
Derivative [Line Items]
Forecasted Notional Amount			$ 2,646,568,000		$ 2,646,568,000		1,569,078,000
Weighted Average Remaining Maturity					10 years 9 months 7 days
Pay Rate (as percent)			3.43%		3.43%
Derivative, Type of Interest Rate Paid on Swap					Federal Funds/ SOFR
Fair Value Hedge Assets			$ (11,739,000)		$ (11,739,000)		$ (1,275,000)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]			Other liabilities		Other liabilities		Other liabilities
Fair value hedge | Hedging derivative | Securities | Federal Funds Rate
Derivative [Line Items]
Forecasted Notional Amount			$ 342,900,000		$ 342,900,000
Fair value hedge | Hedging derivative | Securities | Secured Overnight Financing Rate
Derivative [Line Items]
Forecasted Notional Amount			4,100,000,000		4,100,000,000
Fair value hedge | Hedging derivative | Loans
Derivative [Line Items]
Amortization expense, reduction to interest income on loans			67,000	141,000	264,000	519,000
Fair value hedge | Hedging derivative | Federal Home Loan Bank Advances
Derivative [Line Items]
Gain (Loss) on Fair Value Hedges Recognized in Earnings			30,679,000	1,559,000	(1,003,000)	(12,338,000)
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge			(30,679,000)	$ (1,559,000)	1,003,000	$ 12,338,000
Derivative Instruments and Hedges, Assets			1,175,995,000		1,175,995,000		$ 1,173,002,000
Fair Value Hedging Adjustment			995,000		995,000		(1,998,000)
Fair value hedge | Hedging derivative | Federal Home Loan Bank Advances | Asset derivatives
Derivative [Line Items]
Forecasted Notional Amount			$ 750,000,000		$ 750,000,000		$ 750,000,000
Derivative Asset, Statement of Financial Position			Other assets		Other assets		Other assets
Weighted Average Remaining Maturity					2 years 9 months 10 days
Pay Rate (as percent)			4.96%		4.96%
Derivative, Type of Interest Rate Paid on Swap					SOFR
Fair Value Hedge Assets			$ 3,250,000		$ 3,250,000		$ 3,654,000
Fair value hedge | Hedging derivative | Federal Home Loan Bank Advances | Liability derivatives
Derivative [Line Items]
Forecasted Notional Amount			$ 425,000,000		$ 425,000,000		425,000,000
Weighted Average Remaining Maturity					3 years 4 months 2 days
Pay Rate (as percent)			4.96%		4.96%
Derivative, Type of Interest Rate Paid on Swap					SOFR
Fair Value Hedge Assets	[1]		$ (2,255,000)		$ (2,255,000)		$ (1,656,000)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]			Other liabilities		Other liabilities		Other liabilities
Interest Rate Floor | Hedging derivative | Asset derivatives
Derivative [Line Items]
Derivative Asset, Statement of Financial Position			Other assets		Other assets		Other assets
Weighted Average Remaining Maturity					3 years 1 month 2 days
Notional Amount			$ 875,000,000		$ 875,000,000		$ 875,000,000
Derivative, Type of Interest Received					4.00%-4.50% minus USD-Term SOFR 1M
Derivative, Type Of Interest Rate Paid On Swap1					N/A
Cash Flow Hedges Derivative Instruments at Fair Value, Net			$ 31,708,000		$ 31,708,000		$ 36,483,000
Interest Rate Contract | Hedging derivative | Asset derivatives
Derivative [Line Items]
Derivative Asset, Statement of Financial Position			Other assets		Other assets		Other assets
Weighted Average Remaining Maturity					3 years 1 month 2 days
Notional Amount			$ 875,000,000		$ 875,000,000		$ 875,000,000
Derivative, Type of Interest Received					4.25%-4.75% minus USD-Term SOFR 1M
Derivative, Type Of Interest Rate Paid On Swap1					USD-Term SOFR 1M minus 6.75%-7.00%
Cash Flow Hedges Derivative Instruments at Fair Value, Net			$ 34,588,000		$ 34,588,000		$ 38,314,000
[1]The variation margin payments for derivatives cleared through central clearing houses are characterized as settlements. At September 30, 2024 and December 31, 2023, the notional amount of fair value derivatives cleared through central clearing houses was $3.1 billion and $2.0 billion with a fair value that approximates zero due to $48.7 million and $4.0 million in variation margin payments.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Assets, Fair Value Disclosure [Abstract]
Servicing Asset at Fair Value, Amount		$ 10,958,000		$ 10,958,000		$ 11,301,000		$ 0
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Abstract]
Servicing Asset		0		0			$ 11,812,000
Available-for-sale Securities
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3				1
Recurring
Assets, Fair Value Disclosure [Abstract]
U.S. Treasury securities		1,431,557,000		1,431,557,000				893,412,000
U.S. Government agency securities		220,803,000		220,803,000				262,730,000
Mortgage-backed securities		1,654,357,000		1,654,357,000				947,390,000
State and municipal securities		1,496,432,000		1,496,432,000				1,585,895,000
Agency-backed securities		128,612,000		128,612,000				191,635,000
Corporate notes and other		459,227,000		459,227,000				436,468,000
Total investment securities available-for-sale		5,390,988,000		5,390,988,000				4,317,530,000
Other Investments		193,110,000		193,110,000				179,487,000
Servicing Asset at Fair Value, Amount		10,958,000		10,958,000
Other assets		152,604,000		152,604,000				197,541,000
Total assets at fair value		5,747,660,000		5,747,660,000				4,694,558,000
Liabilities at fair value: [Abstract]
Other liabilities		65,635,000		65,635,000				79,068,000
Total liabilities at fair value		65,635,000		65,635,000				79,068,000
Recurring | Available-for-sale Securities
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3		0	$ 0	12,841,000	$ 0
Recurring | Quoted market prices in an active market (Level 1)
Assets, Fair Value Disclosure [Abstract]
U.S. Treasury securities		0		0				0
U.S. Government agency securities		0		0				0
Mortgage-backed securities		0		0				0
State and municipal securities		0		0				0
Agency-backed securities		0		0				0
Corporate notes and other		0		0				0
Total investment securities available-for-sale		0		0				0
Other Investments		0		0				0
Servicing Asset at Fair Value, Amount		0		0
Other assets		0		0				0
Total assets at fair value		0		0				0
Liabilities at fair value: [Abstract]
Other liabilities		0		0				0
Total liabilities at fair value		0		0				0
Recurring | Models with significant observable market parameters (Level 2)
Assets, Fair Value Disclosure [Abstract]
U.S. Treasury securities		1,431,557,000		1,431,557,000				893,412,000
U.S. Government agency securities		220,803,000		220,803,000				262,730,000
Mortgage-backed securities		1,654,357,000		1,654,357,000				947,390,000
State and municipal securities		1,496,096,000		1,496,096,000				1,585,416,000
Agency-backed securities		128,612,000		128,612,000				191,635,000
Corporate notes and other		446,351,000		446,351,000				436,468,000
Total investment securities available-for-sale		5,377,776,000		5,377,776,000				4,317,051,000
Other Investments		22,854,000		22,854,000				22,347,000
Servicing Asset at Fair Value, Amount		0		0
Other assets		152,604,000		152,604,000				197,541,000
Total assets at fair value		5,553,234,000		5,553,234,000				4,536,939,000
Liabilities at fair value: [Abstract]
Other liabilities		65,635,000		65,635,000				79,068,000
Total liabilities at fair value		65,635,000		65,635,000				79,068,000
Recurring | Models with significant unobservable market parameters (Level 3)
Assets, Fair Value Disclosure [Abstract]
U.S. Treasury securities		0		0				0
U.S. Government agency securities		0		0				0
Mortgage-backed securities		0		0				0
State and municipal securities		336,000		336,000				479,000
Agency-backed securities		0		0				0
Corporate notes and other		12,876,000		12,876,000				0
Total investment securities available-for-sale		13,212,000		13,212,000				479,000
Other Investments		170,256,000		170,256,000				157,140,000
Servicing Asset at Fair Value, Amount		10,958,000		10,958,000
Other assets		0		0				0
Total assets at fair value		194,426,000		194,426,000				157,619,000
Liabilities at fair value: [Abstract]
Other liabilities		0		0				0
Total liabilities at fair value		0		0				0
Nonrecurring
Assets, Fair Value Disclosure [Abstract]
Total assets at fair value		82,201,000		82,201,000				56,104,000
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Abstract]
Other real estate owned		750,000		750,000				3,937,000
Collateral dependent loans (1)	[1]	81,451,000		81,451,000				52,167,000
Nonrecurring | Quoted market prices in an active market (Level 1)
Assets, Fair Value Disclosure [Abstract]
Total assets at fair value		0		0				0
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Abstract]
Other real estate owned		0		0				0
Collateral dependent loans (1)	[1]	0		0				0
Nonrecurring | Models with significant observable market parameters (Level 2)
Assets, Fair Value Disclosure [Abstract]
Total assets at fair value		0		0				0
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Abstract]
Other real estate owned		0		0				0
Collateral dependent loans (1)	[1]	0		0				0
Nonrecurring | Models with significant unobservable market parameters (Level 3)
Assets, Fair Value Disclosure [Abstract]
Total assets at fair value		82,201,000		82,201,000				56,104,000
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Abstract]
Other real estate owned		750,000		750,000				3,937,000
Collateral dependent loans (1)	[1]	$ 81,451,000		$ 81,451,000				$ 52,167,000
[1]The carrying values of collateral dependent loans at September 30, 2024 and December 31, 2023 are net of valuation allowances of $43.8 million and $18.6 million, respectively.

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Rollforward of Balance Sheet Amounts Within Level 3 Valuation Hierarchy (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Assets measured on recurring basis, unobservable input reconciliation, calculation [Roll Forward]
Transfers out of Level 3				$ 0
Available-for-sale Securities
Assets measured on recurring basis, unobservable input reconciliation, calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3			$ 1
Recurring | Other investments
Assets measured on recurring basis, unobservable input reconciliation, calculation [Roll Forward]
Fair value, beginning of period	$ 168,312,000	$ 151,762,000	157,140,000	130,982,000
Total realized gains (losses) included in income	2,414,000	(77,000)	1,879,000	3,597,000
Changes in unrealized gains/losses included in other comprehensive income (loss)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0	0	0
Purchases	5,608,000	8,015,000	22,910,000	27,947,000
Issuances	0	0	0	0
Settlements	(6,078,000)	(3,037,000)	(11,673,000)	(5,863,000)
Transfers out of Level 3	0	0	0	0
Fair value, end of period	170,256,000	156,663,000	170,256,000	156,663,000
Total realized gains (losses) included in income	2,414,000	(77,000)	1,879,000	3,597,000
Recurring | Available-for-sale Securities
Assets measured on recurring basis, unobservable input reconciliation, calculation [Roll Forward]
Fair value, beginning of period	13,197,000	479,000	479,000	629,000
Total realized gains (losses) included in income	13,000	1,000	39,000	3,000
Changes in unrealized gains/losses included in other comprehensive income (loss)	2,000	(9,000)	18,000	(2,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0	12,841,000	0
Purchases	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	(165,000)	(159,000)
Transfers out of Level 3	0	0	0	0
Fair value, end of period	13,212,000	471,000	13,212,000	471,000
Total realized gains (losses) included in income	13,000	$ 1,000	39,000	$ 3,000
Recurring | Servicing Contracts
Assets measured on recurring basis, unobservable input reconciliation, calculation [Roll Forward]
Fair value, beginning of period	11,301,000		0
Total realized gains (losses) included in income	(343,000)		10,958,000
Changes in unrealized gains/losses included in other comprehensive income (loss)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0
Purchases	0		0
Issuances	0		0
Settlements	0		0
Transfers out of Level 3	0		0
Fair value, end of period	10,958,000		10,958,000
Total realized gains (losses) included in income	$ (343,000)		$ 10,958,000

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands		Sep. 30, 2024		Dec. 31, 2023
Financial assets:
Securities purchased with agreement to resell		$ 66,480		$ 558,009
Securities held-to-maturity		2,713,901		2,775,184
Quoted market prices in an active market (Level 1)
Financial assets:
Securities purchased with agreement to resell		0		0
Securities held-to-maturity		0		0
Loans, net		0		0
Consumer loans held-for-sale		0		0
Commercial loans held-for-sale		0		0
Financial liabilities:
Deposits and securities sold under agreements to repurchase		0		0
Federal Home Loan Bank advances		0		0
Subordinated debt and other borrowings		0		0
Models with significant observable market parameters (Level 2)
Financial assets:
Securities purchased with agreement to resell		0		0
Securities held-to-maturity		2,713,901		2,775,184
Loans, net		0		0
Consumer loans held-for-sale		179,257		104,626
Commercial loans held-for-sale		8,649		9,316
Financial liabilities:
Deposits and securities sold under agreements to repurchase		0		0
Federal Home Loan Bank advances		0		0
Subordinated debt and other borrowings		0		0
Models with significant unobservable market parameters (Level 3)
Financial assets:
Securities purchased with agreement to resell		66,483		461,375
Securities held-to-maturity		0		0
Loans, net		33,484,235		31,863,583
Consumer loans held-for-sale		0		0
Commercial loans held-for-sale		0		0
Financial liabilities:
Deposits and securities sold under agreements to repurchase		40,320,965		37,954,938
Federal Home Loan Bank advances		2,187,199		2,166,912
Subordinated debt and other borrowings		430,367		462,399
Carrying Amount
Financial assets:
Securities purchased with agreement to resell		66,480		558,009
Securities held-to-maturity		2,902,253		3,006,357
Loans, net		33,916,776		32,323,036
Consumer loans held-for-sale		178,600		104,217
Commercial loans held-for-sale		8,617		9,280
Financial liabilities:
Deposits and securities sold under agreements to repurchase		41,164,844		38,749,299
Federal Home Loan Bank advances		2,146,395		2,138,169
Subordinated debt and other borrowings		425,600		424,938
Estimated Fair Value
Financial assets:
Securities purchased with agreement to resell		66,483	[1]	461,375
Securities held-to-maturity	[1]	2,713,901		2,775,184
Loans, net	[1]	33,484,235		31,863,583
Consumer loans held-for-sale	[1]	179,257		104,626
Commercial loans held-for-sale	[1]	8,649		9,316
Financial liabilities:
Deposits and securities sold under agreements to repurchase	[1]	40,320,965		37,954,938
Federal Home Loan Bank advances	[1]	2,187,199		2,166,912
Subordinated debt and other borrowings	[1]	$ 430,367		$ 462,399
[1] Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction.

Regulatory Matters (Details)

Regulatory Matters (Details) $ / shares in Units, shares in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024 USD ($) $ / shares	Jun. 30, 2020 shares	Sep. 30, 2024 USD ($) $ / shares	Dec. 31, 2023 USD ($)		Dec. 31, 2021 $ / shares
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Preceding period of retained earnings used in calculation of dividend payable				2 years
Retained earnings		$ 3,045,571,000		$ 3,045,571,000	$ 2,784,927,000
Quarterly common stock dividend (in dollar per share) | $ / shares		$ 0.22		$ 0.22			$ 0.18
Depositary Shares | shares			9,000
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ / shares		$ 16.88
Preferred Stock, Dividend Per Depositary Share		$ 0.422
Pinnacle Financial
Actual
Total capital to risk weighted assets		5,368,010,000		$ 5,368,010,000	5,115,755,000
Tier I capital to risk weighted assets		4,613,659,000		4,613,659,000	4,354,759,000
Common equity Tier 1 capital to risk weighted assets		4,396,410,000		4,396,410,000	4,137,510,000
Tier I capital to average assets	[1]	$ 4,613,659,000		$ 4,613,659,000	$ 4,354,759,000
Actual
Total capital to risk weighted assets (as percent)		0.132		0.132	0.127
Tier I capital to risk weighted assets (as percent)		0.114		0.114	0.108
Common equity Tier 1 capital to risk weighted assets		0.108		0.108	0.103
Tier I capital to average assets (as percent)	[1]	0.096		0.096	0.094
Minimum Capital Requirement
Total capital to risk weighted assets		$ 3,242,447,000		$ 3,242,447,000	$ 3,216,424,000
Tier I capital to risk weighted assets		2,431,835,000		2,431,835,000	2,412,318,000
Common equity Tier 1 capital to risk weighted assets		1,823,876,000		1,823,876,000	1,809,238,000
Tier I capital to average assets	[1]	$ 1,924,732,000		$ 1,924,732,000	$ 1,853,213,000
Minimum Capital Requirement
Total capital to risk weighted assets (as percent)		0.080		0.080	0.080
Tier I capital to risk weighted assets (as percent)		0.060		0.060	0.060
Common Equity Tier I capital to risk weighted assets (as percent)		0.045		0.045	0.045
Tier I capital to average assets (as percent)	[1]	0.040		0.040	0.040
Minimum To Be Well-Capitalized (1)
Total capital to risk weighted assets		$ 4,053,059,000		$ 4,053,059,000	$ 4,020,530,000	[2]
Tier I capital to risk weighted assets	[2]	$ 2,431,835,000		$ 2,431,835,000	$ 2,412,318,000
Minimum To Be Well-Capitalized (1)
Total capital to risk weighted assets (as percent)		0.100		0.100	0.100	[2]
Tier I capital to risk weighted assets (as percent)	[2]	0.060		0.060	0.060
Pinnacle Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Cash dividends paid to Pinnacle Financial by Pinnacle Bank				$ 80,300,000
Retained earnings		$ 1,200,000,000		1,200,000,000
Actual
Total capital to risk weighted assets		5,111,617,000		5,111,617,000	$ 4,797,278,000
Tier I capital to risk weighted assets		4,726,266,000		4,726,266,000	4,465,282,000
Common equity Tier 1 capital to risk weighted assets		4,726,143,000		4,726,143,000	4,465,159,000
Tier I capital to average assets	[1]	$ 4,726,266,000		$ 4,726,266,000	$ 4,465,282,000
Actual
Total capital to risk weighted assets (as percent)		0.126		0.126	0.120
Tier I capital to risk weighted assets (as percent)		0.117		0.117	0.111
Common equity Tier 1 capital to risk weighted assets		0.117		0.117	0.111
Tier I capital to average assets (as percent)	[1]	0.098		0.098	0.097
Minimum Capital Requirement
Total capital to risk weighted assets		$ 3,233,592,000		$ 3,233,592,000	$ 3,207,699,000
Tier I capital to risk weighted assets		2,425,194,000		2,425,194,000	2,405,774,000
Common equity Tier 1 capital to risk weighted assets		1,818,895,000		1,818,895,000	1,804,330,000
Tier I capital to average assets	[1]	$ 1,919,773,000		$ 1,919,773,000	$ 1,847,972,000
Minimum Capital Requirement
Total capital to risk weighted assets (as percent)		0.080		0.080	0.080
Tier I capital to risk weighted assets (as percent)		0.060		0.060	0.060
Common Equity Tier I capital to risk weighted assets (as percent)		0.045		0.045	0.045
Tier I capital to average assets (as percent)	[1]	0.040		0.040	0.040
Minimum To Be Well-Capitalized (1)
Total capital to risk weighted assets		$ 4,041,990,000		$ 4,041,990,000	$ 4,009,623,000	[2]
Tier I capital to risk weighted assets	[2]	3,233,592,000		3,233,592,000	3,207,699,000
Common equity Tier 1 capital to risk weighted assets	[2]	2,627,293,000		2,627,293,000	2,606,255,000
Tier I capital to average assets	[1],[2]	$ 2,399,716,000		$ 2,399,716,000	$ 2,309,965,000
Minimum To Be Well-Capitalized (1)
Total capital to risk weighted assets (as percent)		0.100		0.100	0.100	[2]
Tier I capital to risk weighted assets (as percent)	[2]	0.080		0.080	0.080
Common Equity Tier I capital to risk weighted assets (as percent)	[2]	0.065		0.065	0.065
Tier I capital to average assets (as percent)	[1],[2]	0.050		0.050	0.050
[1] (*) Average assets for the above calculations were based on the most recent quarter.

Other borrowings (Details)

Other borrowings (Details) $ in Thousands		9 Months Ended
		Sep. 30, 2024 USD ($) subsidiary	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Number of wholly owned subsidiaries | subsidiary		12
Term		30 years
Total Debt Outstanding		$ 425,600	$ 424,938
Debt issuance costs and fair value adjustments		$ (7,395)
Pinnacle Statutory Trust I
Debt Instrument [Line Items]
Date Established		Dec. 29, 2003
Maturity		Dec. 30, 2033
Total Debt Outstanding		$ 10,310
Interest Rate (as percent)	[1]	8%
Coupon Structure at September 30, 2024		3-month SOFR + 2.80% (1)
Pinnacle Statutory Trust II
Debt Instrument [Line Items]
Date Established		Sep. 15, 2005
Maturity		Sep. 30, 2035
Total Debt Outstanding		$ 20,619
Interest Rate (as percent)	[1]	6.27%
Coupon Structure at September 30, 2024		3-month SOFR + 1.40% (1)
Pinnacle Statutory Trust III
Debt Instrument [Line Items]
Date Established		Sep. 07, 2006
Maturity		Sep. 30, 2036
Total Debt Outstanding		$ 20,619
Interest Rate (as percent)	[1]	6.52%
Coupon Structure at September 30, 2024		3-month SOFR + 1.65% (1)
Pinnacle Statutory Trust IV
Debt Instrument [Line Items]
Date Established		Oct. 31, 2007
Maturity		Sep. 30, 2037
Total Debt Outstanding		$ 30,928
Interest Rate (as percent)	[1]	8.06%
Coupon Structure at September 30, 2024		3-month SOFR + 2.85% (1)
BNC Capital Trust I
Debt Instrument [Line Items]
Date Established		Apr. 03, 2003
Maturity		Apr. 15, 2033
Total Debt Outstanding		$ 5,155
Interest Rate (as percent)	[1]	8.81%
Coupon Structure at September 30, 2024		3-month SOFR + 3.25% (1)
BNC Capital Trust II
Debt Instrument [Line Items]
Date Established		Mar. 11, 2004
Maturity		Apr. 07, 2034
Total Debt Outstanding		$ 6,186
Interest Rate (as percent)	[1]	8.41%
Coupon Structure at September 30, 2024		3-month SOFR + 2.85% (1)
BNC Capital Trust III
Debt Instrument [Line Items]
Date Established		Sep. 23, 2004
Maturity		Sep. 23, 2034
Total Debt Outstanding		$ 5,155
Interest Rate (as percent)	[1]	7.96%
Coupon Structure at September 30, 2024		3-month SOFR + 2.40% (1)
BNC Capital Trust IV
Debt Instrument [Line Items]
Date Established		Sep. 27, 2006
Maturity		Dec. 31, 2036
Total Debt Outstanding		$ 7,217
Interest Rate (as percent)	[1]	6.57%
Coupon Structure at September 30, 2024		3-month SOFR + 1.70% (1)
Valley Financial Trust I
Debt Instrument [Line Items]
Date Established		Jun. 26, 2003
Maturity		Jun. 26, 2033
Total Debt Outstanding		$ 4,124
Interest Rate (as percent)	[1]	8.02%
Coupon Structure at September 30, 2024		3-month SOFR + 3.10% (1)
Valley Financial Trust II
Debt Instrument [Line Items]
Date Established		Sep. 26, 2005
Maturity		Dec. 15, 2035
Total Debt Outstanding		$ 7,217
Interest Rate (as percent)	[1]	6.70%
Coupon Structure at September 30, 2024		3-month SOFR + 1.49% (1)
Valley Financial Trust III
Debt Instrument [Line Items]
Date Established		Dec. 15, 2006
Maturity		Jan. 30, 2037
Total Debt Outstanding		$ 5,155
Interest Rate (as percent)	[1]	7.25%
Coupon Structure at September 30, 2024		3-month SOFR + 1.73% (1)
Southcoast Capital Trust III
Debt Instrument [Line Items]
Date Established		Aug. 05, 2005
Maturity		Sep. 30, 2035
Total Debt Outstanding		$ 10,310
Interest Rate (as percent)	[1]	6.37%
Coupon Structure at September 30, 2024		3-month SOFR + 1.50% (1)
Pinnacle Financial Subordinated Notes
Debt Instrument [Line Items]
Date Established		Sep. 11, 2019
Maturity		Sep. 15, 2029
Total Debt Outstanding		$ 300,000
Interest Rate (as percent)	[2]	7.98%
Coupon Structure at September 30, 2024		3-month SOFR + 3.04% (2)
[1]Rate transitioned to three month term SOFR plus a comparable tenor spread adjustment beginning after July 1, 2023 as three month LIBOR ceased to be published effective July 1, 2023.[2]Previously was to migrate to three month LIBOR + 2.775%, but migrated to three month CME Term SOFR + 3.04% beginning September 15, 2024 through the end of the term as three month LIBOR ceased to be published effective July 1, 2023.