Pinnacle Financial Partners (PNFP) 8-K Fully diluted earnings per share of $0.72, including $0.51 per share related to reversal of deferred tax valuation allowance

Exhibit 99.1

FOR IMMEDIATE RELEASE

MEDIA CONTACT:	Sue Atkinson, 615-320-7532
FINANCIAL CONTACT:	Harold Carpenter, 615-744-3742
WEBSITE:	www.pnfp.com

PINNACLE FINANCIAL SIGNIFICANTLY EXPANDS PROFITABILITY

Fully diluted earnings per share of $0.72, including $0.51 per share related to reversal of deferred tax valuation allowance

NASHVILLE, Tenn., Oct. 18, 2011 – Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today reported that its net income per fully diluted common share available to common stockholders was $0.72 for the quarter ended Sept. 30, 2011, compared to net income per fully diluted common share available to common stockholders of $0.02 for the quarter ended Sept. 30, 2010, and net income per fully diluted common share available to common stockholders of $0.14 for the quarter ended June 30, 2011.

Fully diluted earnings per share available to common stockholders were $0.21 excluding $0.51 per share related to the full reversal of a valuation allowance for net deferred tax assets which had been established in the second quarter of 2010.

Net income per fully diluted common share available to common stockholders was $0.92 for the nine months ended Sept. 30, 2011, compared to net loss per fully diluted common share available to common stockholders of $1.00 for the first nine months of 2010.

“Several positive events occurred during the third quarter of 2011,” said M. Terry Turner, Pinnacle’s president and chief executive officer. “We experienced meaningful growth in loans, demand deposits and revenues, continued reductions in problem loans and the reversal of a previously established deferred tax valuation allowance. These items clearly signal that our firm is well positioned to capitalize on future growth opportunities in two very strong banking markets.”

Expanding the Core Earnings Capacity of the Firm

• Loans at Sept. 30, 2011, were $3.24 billion, an increase of $34.0 million from $3.21 billion at June 30, 2011, or an annualized growth rate of 4.2 percent. Commercial and industrial loans combined with owner-occupied commercial real estate loans were $1.65 billion at Sept. 30, 2011, an increase of $50.0 million from $1.60 billion at June 30, 2011, an annualized growth rate of 12.4 percent and the fourth consecutive quarter of net growth.

• Average balances of noninterest bearing deposit accounts were $672 million in the third quarter of 2011, the sixth consecutive quarterly increase. Average balances increased 6.8 percent over second quarter 2011 and 25.8 percent over the same quarter last year.

• Revenue for the quarter ended Sept. 30, 2011, amounted to $48.44 million, compared to $47.60 million for the second quarter of 2011 and $44.65 million for the same quarter of last year, an annualized increase of 7.2 percent. The net interest margin increased to 3.60 percent for the quarter ended Sept. 30, 2011, from 3.23 percent for the quarter ended Sept. 30, 2010. Net interest margin for the quarter ended June 30, 2011, was 3.55 percent.

• Income before income taxes and TARP expenses increased from $6.66 million for the quarter ended June 30, 2011, to $9.13 million for the quarter ended Sept. 30, 2011, a 37.1 percent linked-quarter increase.

• Four years after expanding to the Knoxville market, Pinnacle’s operation in Knoxville reached over $531.2 million in loans at the end of the third quarter 2011. Pinnacle also moved up to the sixth-largest among 44 financial institutions in the Knoxville metropolitan statistical area (MSA), according to deposit market share data recently released by the Federal Deposit Insurance Corporation (FDIC).

Aggressively Dealing with Credit Issues

• Nonperforming assets declined by $12.0 million, a linked-quarter reduction of 10.7 percent and the fifth consecutive quarterly reduction. Pinnacle resolved $29.5 million in nonperforming assets during the third quarter of 2011, compared to resolutions of $38.7 million during the second quarter of 2011.

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o Nonperforming loans declined by $5.1 million during the third quarter of 2011, a linked-quarter reduction of 8.5 percent and the sixth consecutive quarterly reduction. Nonperforming loans are down 47.0 percent from a year ago. Additionally, nonperforming loan inflows decreased from $18.4 million during the second quarter of 2011 to $17.5 million in the third quarter of 2011.

o Other real estate also declined by $6.9 million during the third quarter of 2011, while the firm foreclosed on $8.1 million in property during the third quarter of 2011.

• Potential problem loans, which are classified loans that continue to accrue interest, also decreased from $148.5 million at June 30, 2011, to $131.0 million at Sept. 30, 2011, a linked-quarter decrease of 11.7 percent and the fifth consecutive quarter of net reductions. Potential problem loans are down by 58.8 percent from their peak in June 2010.

• Pinnacle’s classified asset ratio declined from 46.62 percent at June 30, 2011, to 40.83 percent at Sept. 30, 2011. The classified asset ratio was 74.55 percent at Sept. 30, 2010. The classified asset ratio is composed primarily of nonperforming assets and potential problem loans expressed as a percentage of the firm’s Tier 1 risk-based capital and allowance for loan losses.

• Construction and land development loans were $278.7 million, down 1.2 percent from $282.1 million at June 30, 2011, and 22.5 percent from $359.7 million at Sept. 30, 2010. Residential land development loans declined from $125.2 million at Sept. 30, 2010, to $77.1 million at Sept. 30, 2011. Residential land development loans were $84.8 million at June 30, 2011, a decrease of 9.1 percent.

“We are particularly pleased with our growth in C&I lending during the third quarter of 2011,” Turner said. “Our relationship managers are actively pursuing established businesses in our market, as evidenced by the growth in demand deposits and C&I loans. Additionally, we have been successful in recently hiring additional experienced commercial lenders for our franchise, which should further bolster our ability to grow organically and move market share, a longstanding core strategy of our firm. We also experienced net decreases in nonperforming assets of $12.0 million during the third quarter of 2011, marking our fifth consecutive quarter of decreases since our peak in nonperformers in second quarter of 2010.”

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OTHER THIRD QUARTER 2011 HIGHLIGHTS:

• Core Deposits

o Core deposits amounted to $3.39 billion at Sept. 30, 2011, an increase of 5.1 percent from the $3.22 billion at Sept. 30, 2010. Core deposits at June 30, 2011, were $3.44 billion.

o Over the last year the firm has successfully repositioned its deposit base so that average balances for noninterest-bearing demand, interest checking and money market accounts for the third quarter of 2011 increased by 15.6 percent over the average balances for the third quarter of 2010, while average balances for higher-cost time deposits decreased from $1.39 billion to $841.48 million, or 39.3 percent, during the same time period.

• Operating results

o Net income available to common stockholders for the third quarter of 2011 was $24.54 million, compared to the prior year’s third quarter net income available to common stockholders of $549,000. Included in third quarter 2011 net income available to common stockholders was an income tax benefit of $16.97 million which was composed primarily of the reversal of the valuation allowance of net deferred tax assets of approximately $22.48 million, reduced by estimated 2011 income tax expense. Second quarter 2011 net income available to common stockholders totaled $4.84 million.

o Net interest income for the third quarter of 2011 was $38.4 million, compared to $37.8 million for the second quarter of 2011 and $36.1 million for the same quarter last year.

o Noninterest income for the quarter ended Sept. 30, 2011, was $10.1 million, compared to $9.8 million in the second quarter of 2011 and $8.6 million for the same quarter last year. Excluding the impact of net securities gains and losses, noninterest income was up 5.5 percent on a linked-quarter basis and 12.9 percent over the same quarter last year.

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o Wealth management revenues, which include investment services, trust services and insurance, were $3.45 million during the third quarter of 2011, an increase of 18.5 percent over the same period last year due primarily to additional emphasis on internal referral programs and the addition of several new associates over the past two years.

o Gains on the sale of loans, net, (i.e., mortgage loan production) increased to $1.30 million during the third quarter of 2011 compared to $789,000 during the second quarter of 2011 due primarily to a significant increase in refinance activity consistent with nationwide trends.

“In addition to our third quarter 2011 net interest margin increasing to 3.60 percent, our net interest income increased by $2.3 million over last year’s third quarter net interest income despite a slightly smaller balance sheet,” said Harold R. Carpenter, Pinnacle’s chief financial officer. “Our fourth consecutive quarter of net interest margin expansion is largely attributable to the outstanding work our relationship managers have done communicating our deposit pricing strategies and relative value to their clients in order to lower our cost of funds.

“We believe we will continue to expand our margins in the fourth quarter of 2011 based primarily on continued reductions in our funding costs and increased loan production. Margin expansion into 2012 will be challenging due to increased pricing competition for quality loan opportunities, an anticipated flattening of the yield curve and substantial increases in mortgage refinancing, which is resulting in increased ‘mortgage-backed’ security prepayments and corresponding reduction in investment portfolio yield. We are experiencing strong consumer deposit growth as a result of recently announced charges for debit cards and other fee increases by several of our large-bank competitors. Also, as the official bank of the Tennessee Titans, we are partnering with the NFL team on a campaign aimed at attracting customers who are considering a no-fee debit card.”

• Capital

o At Sept. 30, 2011, Pinnacle’s ratio of tangible common stockholders’ equity to tangible assets was 8.2 percent, compared to 7.2 percent at Sept. 30, 2010, and 7.7 percent at June 30, 2011. At Sept. 30, 2011, Pinnacle’s total risk-based capital ratio was 15.9 percent, compared to 15.1 percent at Sept. 30, 2010, and 15.5 percent at June 30, 2011.

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“We continue to believe we have a solid business case to redeem our TARP preferred shares over the next year or two with minimal common share dilution to our shareholders,” Turner said. “We believe regulators have worked with financial institutions experiencing sustained improvement in earnings capacity and credit quality to allow TARP redemption on a non-dilutive basis.”

• Credit quality

o Net charge-offs were $5.73 million for the quarter ended Sept. 30, 2011, down from $7.35 million for the quarter ended Sept. 30, 2010, and $8.61 million for the second quarter of 2011.

o Provision for loan losses expense decreased from $4.8 million for the third quarter of 2010 to $3.6 million for the third quarter of 2011. For the nine months ended Sept. 30, 2011, provision expense was $16.4 million compared to $48.5 million for the same period last year.

o The allowance for loan losses represented 2.31 percent of total loans at Sept. 30, 2011, compared to 2.40 percent at June 30, 2011, and 2.60 percent at Sept. 30, 2010.

o Nonperforming assets were 3.05 percent of total loans plus other real estate at Sept. 30, 2011, compared to 3.44 percent at June 30, 2011, and 4.60 percent at Sept. 30, 2010. The ratio of the allowance for loan losses to nonperforming loans increased to 137.0 percent at Sept. 30, 2011, from 128.9 percent at June 30, 2011 and 82.0 percent at Sept. 30, 2010.

o Past due loans over 30 days, excluding nonperforming loans, were 0.28 percent of total loans at Sept. 30, 2011, compared to 0.40 percent at June 30, 2011, and 0.67 percent at Sept. 30, 2010.

“Our third quarter 2011 provision expense was impacted by a 0.09 percent reduction in the ‘allowance for loan losses to total loans’ ratio, which was due to continued improvement in the credit quality of our loan portfolio,” Carpenter said. “Based on our current loan pipeline, we anticipate provision expense will increase due to anticipated loan growth in the fourth quarter 2011 as compared to the third quarter of 2011.”

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The following is a summary of the activity in various nonperforming asset and restructured accruing loan categories for the quarter ended Sept. 30, 2011:

(in thousands)	Balances June 30,  2011		Payments, Sales and Reductions			Foreclosures			Inflows		Balances Sept 30,  2011
Restructured accruing loans:
Residential construction and development	$	—	$	—		$	—		$	—	$	—
Commercial construction and development		—		—			—			—		—
Other		12,990		(23	)		—			5,220		18,187
Totals		12,990		(23	)		—			5,220		18,187
Nonperforming loans:
Residential construction and development		11,376		(3,748	)		(919	)		2,942		9,651
Commercial construction and development		20,276		(3,436	)		(5,099	)		2,149		13,890
Other		28,075		(7,388	)		(2,032	)		12,444		31,099
Totals		59,727		(14,572	)		(8,050	)		17,535		54,640
Other real estate:
Residential construction and development		15,764		(3,082	)		919			—		13,601
Commercial construction and development		27,337		(7,493	)		5,099			—		24,943
Other		9,294		(4,370	)		2,032			—		6,956
Totals		52,395		(14,945	)		8,050			—		45,500
Total nonperforming assets and restructured accruing loans	$	125,112	$	(29,540	)	$	—		$	22,755	$	118,327

• Noninterest expenses and taxes

o Noninterest expense for the quarter ended Sept. 30, 2011, was $35.68 million, compared to $37.77 million in the third quarter of 2010 and $34.36 million in the second quarter of 2011.

o Included in noninterest expense for the third quarter of 2011 was $5.08 million in other real estate expenses, compared to $8.52 million in the third quarter of 2010 and $3.83 million in the second quarter of 2011.

o Pursuant to generally accepted accounting principles and as a result of the reversal of the net deferred tax asset valuation allowance, Pinnacle anticipates that its fourth quarter 2011 effective income tax expense rate will be nominal. The firm anticipates that its effective tax rate will range between 29 percent and 32 percent during 2012.

Carpenter said that compensation costs for the third quarter of 2011 increased by 2.65 percent over the second quarter of 2011, driven primarily by increased incentive accruals.

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Incentive payouts for all associates other than the “named executive officers” during 2011 are based on achievement of predetermined targets for the classified asset ratio and pre-tax earnings.

Included in the other real estate expense for the quarter was $3.67 million of additional write downs of existing balances based on updated appraisals. The firm also recorded $635,000 in losses related to the disposition of $14.95 million of other real estate properties. Carpenter noted that the firm currently anticipates foreclosures of approximately $10 million in the fourth quarter of 2011 but that the timing of resolution of several larger ORE properties will affect ORE balances at year end.

Excluding the impact of ORE expenses in each quarterly period, the third quarter of 2011 noninterest expense was approximately $30.60 million, compared to $30.53 million in the second quarter of 2011 and $29.25 million in the third quarter of 2010. Excluding the impact of other real estate expenses, the firm currently anticipates that fourth quarter 2011 noninterest expense will approximate third quarter noninterest expenses.

WEBCAST AND CONFERENCE CALL INFORMATION

Pinnacle will host a webcast and conference call at 8:30 a.m. (CDT) on Wednesday, Oct. 19, 2011, to discuss third quarter 2011 results and other matters. To access the call for audio only, please call 1-877-602-7944. For the presentation and streaming audio, please access the webcast on the investor relations page of Pinnacle’s website atwww.pnfp.com.

For those unable to participate in the webcast, it will be archived on the investor relations page of Pinnacle’s website atwww.pnfp.com for 90 days following the presentation.

Pinnacle Financial Partners provides a full range of banking, investment, mortgage and insurance products and services designed for small- to mid-sized businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. Comprehensive wealth management services, such as financial planning and trust, help clients increase, protect and distribute their assets.

The firm began operations in a single downtown Nashville location in Oct. 2000 and has since grown to over $4.87 billion in assets at Sept. 30, 2011. At Sept. 30, 2011, Pinnacle is the second-largest bank holding company headquartered in Tennessee, with 30 offices in eight Middle Tennessee counties and three offices in Knoxville. The firm was also added to Standard & Poor’s SmallCap 600 index in 2009.

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Additional information concerning Pinnacle can be accessed atwww.pnfp.com.

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Certain of the statements in this release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “expect,” “anticipate,” “goal,” “objective,” “intend,” “plan,” “believe,” “should,” “seek,” “estimate” and similar expressions are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking. All forward-looking statements are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of Pinnacle Financial to differ materially from any results expressed or implied by such forward-looking statements. Such risks include, without limitation, (i) deterioration in the financial condition of borrowers resulting in significant increases in loan losses and provisions for those losses; (ii) continuation of the historically low short-term interest rate environment; (iii) the inability of Pinnacle Financial to grow its loan portfolio in the Nashville-Davidson-Murfreesboro-Franklin MSA and the Knoxville MSA; (iv) changes in loan underwriting, credit review or loss reserve policies associated with economic conditions, examination conclusions, or regulatory developments; (v) effectiveness of Pinnacle Financial’s asset management activities in improving, resolving or liquidating lower-quality assets; (vi) increased competition with other financial institutions; (vii) greater than anticipated adverse conditions in the national or local economies including the Nashville-Davidson-Murfreesboro-Franklin MSA and the Knoxville MSA, particularly in commercial and residential real estate markets; (viii) rapid fluctuations or unanticipated changes in interest rates; (ix) the results of regulatory examinations; (x) the development of any new market other than Nashville or Knoxville; (xi) a merger or acquisition; (xii) any matter that would cause Pinnacle Financial to conclude that there was impairment of any asset, including intangible assets; (xiii) the impact of governmental restrictions on and discretionary regulatory authority over entities participating in the Capital Purchase Program, of the U.S. Department of the Treasury (the “Treasury”); (xiv) further deterioration in the valuation of other real estate owned; (xv) inability to comply with regulatory capital requirements or to secure any required regulatory approvals for capital actions; and, (xvi) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including regulatory or legislative developments arising out of current unsettled conditions in the economy, including implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. A more detailed description of these and other risks is contained in Pinnacle Financial’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission on February 23, 2011 and most recent quarterly reports on Form 10-Q filed with the Securities and Exchange commission on May 5, 2011 and July 29, 2011. Many of such factors are beyond Pinnacle Financial’s ability to control or predict, and readers are cautioned not to put undue reliance on such forward-looking statements. Pinnacle Financial disclaims any obligation to update or revise any forward-looking statements contained in this release, whether as a result of new information, future events or otherwise.

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PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS – UNAUDITED

	September 30, 2011			December 31, 2010
ASSETS
Cash and noninterest-bearing due from banks	$	58,786,507		$	40,154,247
Interest-bearing due from banks		111,701,085	��		140,647,481
Federal funds sold and other		10,047,791			7,284,685
Short-term discount notes		—			499,768
Cash and cash equivalents		180,535,383			188,586,181
Securities available-for-sale, at fair value		940,162,454			1,014,316,831
Securities held-to-maturity (fair value of $2,641,006 and $4,411,856 at September 30, 2011 and December 31, 2010, respectively)		2,589,506			4,320,486
Mortgage loans held-for-sale		23,814,429			16,206,034
Loans		3,241,148,810			3,212,440,190
Less allowance for loan losses		(74,870,538	)		(82,575,235	)
Loans, net		3,166,278,272			3,129,864,955
Premises and equipment, net		78,534,670			82,374,228
Other investments		42,781,814			42,282,255
Accrued interest receivable		15,827,730			16,364,573
Goodwill		244,081,519			244,090,311
Core deposit and other intangible assets		8,557,782			10,705,105
Other real estate owned		45,499,852			59,608,224
Other assets		120,241,811			100,284,697
Total assets	$	4,868,905,222		$	4,909,003,880
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Noninterest-bearing	$	722,694,096		$	586,516,637
Interest-bearing		577,683,159			573,670,188
Savings and money market accounts		1,554,858,658			1,596,306,386
Time		857,413,879			1,076,564,179
Total deposits		3,712,649,792			3,833,057,390
Securities sold under agreements to repurchase		128,953,750			146,294,379
Federal Home Loan Bank advances		161,105,866			121,393,026
Subordinated debt		97,476,000			97,476,000
Accrued interest payable		2,681,791			5,197,925
Other liabilities		41,664,132			28,127,875
Total liabilities		4,144,531,331			4,231,546,595
Stockholders’ equity:
Preferred stock, no par value; 10,000,000 shares authorized; 95,000 shares issued and outstanding at September 30, 2011 and December 31, 2010		91,772,130			90,788,682
Common stock, par value $1.00; 90,000,000 shares authorized; 34,306,927 issued and outstanding at September 30, 2011 and 33,870,380 issued and outstanding at December 31, 2010		34,306,927			33,870,380
Common stock warrants		3,348,402			3,348,402
Additional paid-in capital		534,971,880			530,829,019
Retained earnings		44,427,826			12,996,202
Accumulated other comprehensive income, net of taxes		15,546,726			5,624,600
Stockholders’ equity		724,373,891			677,457,285
Total liabilities and stockholders’ equity	$	4,868,905,222		$	4,909,003,880

This information is preliminary and based on company data available at the time of the presentation.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS – UNAUDITED

	Three Months Ended September 30,					Nine Months Ended September 30,
	2011			2010		2011			2010
Interest income:
Loans, including fees	$	38,571,893		$	41,105,351	$	115,830,529		$	122,504,151
Securities:
Taxable		5,952,599			7,004,256		18,792,778			24,150,109
Tax-exempt		1,819,642			1,942,650		5,593,341			5,978,849
Federal funds sold and other		543,496			598,181		1,684,376			1,635,934
Total interest income		46,887,630			50,650,438		141,901,024			154,269,043
Interest expense:
Deposits		7,138,053			12,306,145		24,869,045			38,695,099
Securities sold under agreements to repurchase		204,107			435,054		931,120			1,352,015
Federal Home Loan Bank advances and other borrowings		1,189,742			1,849,300		3,929,119			5,904,792
Total interest expense		8,531,902			14,590,499		29,729,284			45,951,906
Net interest income		38,355,728			36,059,939		112,171,740			108,317,137
Provision for loan losses		3,632,440			4,789,322		16,358,767			48,523,927
Net interest income after provision for loan losses		34,723,288			31,270,617		95,812,973			59,793,210
Noninterest income:
Service charges on deposit accounts		2,361,803			2,444,077		6,953,466			7,238,588
Investment services		1,698,886			1,234,421		4,844,398			3,786,067
Insurance sales commissions		1,001,716			954,015		3,055,194			2,957,393
Gain on loans sold, net		1,295,278			1,310,169		2,693,913			2,733,977
Net gain on sale of investment securities		376,509			—		827,708			2,623,674
Trust fees		753,551			726,094		2,253,474			2,377,182
Other noninterest income		2,592,170			1,925,459		7,585,231			5,932,154
Total noninterest income		10,079,913			8,594,235		28,213,384			27,649,035
Noninterest expense:
Salaries and employee benefits		19,015,217			16,069,360		55,462,370			48,921,007
Equipment and occupancy		4,942,917			5,230,730		15,009,641			16,089,323
Other real estate owned		5,079,127			8,522,346		13,238,853			21,335,705
Marketing and other business development		751,094			748,206		2,271,267			2,295,820
Postage and supplies		509,279			636,492		1,544,253			2,070,536
Amortization of intangibles		715,514			744,492		2,147,323			2,236,494
Other noninterest expense		4,662,073			5,822,252		15,059,685			17,482,907
Total noninterest expense		35,675,221			37,773,878		104,733,392			110,431,792
Income (loss) before income taxes		9,127,980			2,090,974		19,292,965			(22,989,547	)
Income tax expense (benefit)		(16,973,019	)		—		(16,684,605	)		5,106,734
Net Income (loss)		26,100,999			2,090,974		35,977,570			(28,096,281	)
Preferred dividends		1,213,889			1,213,889		3,602,083			3,602,083
Accretion on preferred stock discount		349,817			328,037		983,448			992,496
Net income (loss) available to common stockholders	$	24,537,293		$	549,048	$	31,392,039		$	(32,690,860	)
Per share information:
Basic net income (loss) per common share available to common stockholders	$	0.74		$	0.02	$	0.94		$	(1.00	)
Diluted net income (loss) per common share available to common stockholders	$	0.72		$	0.02	$	0.92		$	(1.00	)
Weighted average shares outstanding:
Basic		33,372,980			32,857,428		33,398,029			32,697,985
Diluted		33,993,914			33,576,963		34,037,739			32,697,985

This information is preliminary and based on company data available at the time of the presentation.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

ANALYSIS OF INTEREST INCOME AND EXPENSE, RATES AND YIELDS-UNAUDITED

(dollars in thousands)	Three months ended September 30, 2011							Three months ended September 30, 2010
	Average Balances		Interest		Rates/Yields			Average Balances		Interest		Rates/Yields
Interest-earning assets:
Loans (1)	$	3,207,213	$	38,572		4.78	%	$	3,295,531	$	41,105		4.96	%
Securities:
Taxable		747,784		5,953		3.16	%		750,427		7,004		3.70	%
Tax-exempt (2)		191,994		1,820		5.02	%		204,442		1,943		4.97	%
Federal funds sold and other		161,719		543		1.44	%		269,556		598		0.95	%
Total interest-earning assets		4,308,710	$	46,888		4.38	%		4,519,956	$	50,650		4.51	%
Nonearning assets
Intangible assets		253,102							256,011
Other nonearning assets		224,673							225,406
Total assets	$	4,786,485						$	5,001,373
Interest-bearing liabilities:
Interest-bearing deposits:
Interest checking	$	564,077	$	821		0.58	%	$	540,387	$	890		0.65	%
Savings and money market		1,622,200		3,299		0.81	%		1,397,396		4,787		1.36	%
Time		841,480		3,018		1.42	%		1,387,170		6,629		1.90	%
Total interest-bearing deposits		3,027,757		7,138		0.94	%		3,324,953		12,306		1.47	%
Securities sold under agreements to repurchase		145,050		204		0.56	%		210,037		435		0.82	%
Federal Home Loan Bank advances and other borrowings		111,699		532		1.89	%		126,130		921		2.90	%
Subordinated debt		97,476		658		2.68	%		97,476		928		3.78	%
Total interest-bearing liabilities		3,381,982		8,532		1.00	%		3,758,596		14,590		1.54	%
Noninterest-bearing deposits		671,796		—		—			534,171		—		—
Total deposits and interest-bearing liabilities		4,053,778	$	8,532		0.84	%		4,292,767	$	14,590		1.35	%
Other liabilities		23,734							21,708
Stockholders’ equity		708,973							686,898
Total liabilities and stockholders’ equity	$	4,786,485						$	5,001,373
Net interest income			$	38,356						$	36,060
Net interest spread(3)						3.38	%						2.97	%
Net interest margin (4)						3.60	%						3.23	%

(1) Average balances of nonperforming loans are included in the above amounts.

(2) Yields computed on tax-exempt instruments on a tax equivalent basis.

(3) Yields realized on interest-bearing assets less the rates paid on interest-bearing liabilities. The net interest spread calculation excludes the impact of demand deposits. Had the impact of demand deposits been included, the net interest spread for the quarter ended September 30, 2011 would have been 3.54% compared to a net interest spread of 3.16% for the quarter ended September 30, 2010.

(4) Net interest margin is the result of annualized net interest income calculated on a tax equivalent basis divided by average interest-earning assets for the period.

This information is preliminary and based on company data available at the time of the presentation.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

ANALYSIS OF INTEREST INCOME AND EXPENSE, RATES AND YIELDS-UNAUDITED

(dollars in thousands)	Nine months ended							Nine months ended
	September 30, 2011							September 30, 2010
	Average Balances		Interest		Rates/Yields			Average Balances		Interest		Rates/Yields
Interest-earning assets:
Loans (1)	$	3,203,346	$	115,831		4.84	%	$	3,410,648	$	122,504		4.81	%
Securities:
Taxable		779,585		18,793		3.22	%		778,117		24,150		4.15	%
Tax-exempt (2)		194,447		5,593		5.13	%		205,006		5,979		5.14	%
Federal funds sold and other		170,192		1,684		1.43	%		173,732		1,636		1.36	%
Total interest-earning assets		4,347,570	$	141,901		4.43	%		4,567,503	$	154,269		4.58	%
Nonearning assets
Intangible assets		253,806							256,754
Other nonearning assets		225,640							215,492
Total assets	$	4,827,016						$	5,039,749
Interest-bearing liabilities:
Interest-bearing deposits:
Interest checking	$	582,832	$	2,765		0.63	%	$	516,024	$	2,593		0.67	%
Savings and money market		1,599,737		11,149		0.93	%		1,312,209		13,623		1.39	%
Time		916,510		10,955		1.60	%		1,503,524		22,479		2.00	%
Total interest-bearing deposits		3,099,079		24,869		1.07	%		3,331,757		38,695		1.55	%
Securities sold under agreements to repurchase		168,594		931		0.74	%		231,580		1,352		0.78	%
Federal Home Loan Bank advances and other borrowings		113,151		1,952		2.31	%		150,772		3,249		2.88	%
Subordinated debt		97,476		1,977		2.71	%		97,476		2,656		3.64	%
Total interest-bearing liabilities		3,478,300		29,729		1.71	%		3,811,585		45,952		1.61	%
Noninterest-bearing deposits		632,075		—		—			511,519		—		—
Total deposits and interest-bearing liabilities		4,110,375	$	29,729		0.97	%		4,323,104	$	45,952		1.42	%
Other liabilities		22,332							17,297
Stockholders’ equity		694,309							699,348
Total liabilities and stockholders’ equity	$	4,827,016						$	5,039,749
Net interest income			$	112,172						$	108,317
Net interest spread(3)						2.72	%						2.97	%
Net interest margin (4)						3.52	%						3.24	%

(1) Average balances of nonperforming loans are included in the above amounts.

(2) Yields computed on tax-exempt instruments on a tax equivalent basis.

(3) Yields realized on interest-earning assets less the rates paid on interest-bearing liabilities.The net interest spread calculation excludes the impact of demand deposits. Had the impact of demand deposits been included, the net interest spread for the nine months ended September 30, 2011 would have been 3.46% compared to a net interest spread of 3.16% for the nine months ended September 30, 2010.

(4) Net interest margin is the result of annualized net interest income calculated on a tax equivalent basis divided by average interest-earning assets for the period.

This information is preliminary and based on company data available at the time of the presentation.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

SELECTED QUARTERLY FINANCIAL DATA – UNAUDITED

(dollars in thousands)	September			June			March			December			September			June
	2011			2011			2011			2010			2010			2010
Balance sheet data, at quarter end:
Commercial real estate—mortgage loans	$	1,087,333			1,091,283			1,102,533			1,094,615			1,103,261			1,125,823
Consumer real estate —mortgage loans		711,994			708,280			698,693			705,487			720,140			709,121
Construction and land development loans		278,660			282,064			300,697			331,261			359,729			411,455
Commercial and industrial loans		1,095,037			1,058,263			1,047,754			1,012,091			995,743			1,009,991
Consumer and other		68,125			67,214			67,753			68,986			73,052			77,510
Total loans		3,241,149			3,207,104			3,217,430			3,212,440			3,251,923			3,333,900
Allowance for loan losses		(74,871	)		(76,971	)		(78,988	)		(82,575	)		(84,550	)		(87,107	)
Securities		942,752			925,508			984,200			1,018,637			968,532			907,296
Total assets		4,868,905			4,831,333			4,820,991			4,909,004			4,961,603			4,958,478
Noninterest-bearing deposits		722,694			662,018			608,428			586,517			581,181			529,867
Total deposits		3,712,650			3,761,520			3,731,883			3,833,057			3,825,634			3,853,400
Securities sold under agreements to repurchase		128,954			124,514			165,132			146,294			191,392			159,490
FHLB advances and other borrowings		161,106			111,191			111,351			121,393			121,435			131,477
Subordinated debt		97,476			97,476			97,476			97,476			97,476			97,476
Total stockholders’ equity		724,374			699,228			681,226			677,457			686,529			681,915
Balance sheet data, quarterly averages:
Total loans	$	3,207,213			3,211,591			3,191,076			3,217,738			3,295,531			3,418,928
Securities		939,778			972,750			1,010,344			993,236			954,869			962,401
Total earning assets		4,308,710			4,347,552			4,387,331			4,441,672			4,519,956			4,527,471
Total assets		4,786,485			4,826,731			4,868,745			4,937,181			5,001,373			4,996,448
Noninterest-bearing deposits		671,796			628,929			594,651			575,606			534,171			504,354
Total deposits		3,699,553			3,722,613			3,772,092			3,814,572			3,859,124			3,816,973
Securities sold under agreements to repurchase		145,050			175,705			185,471			194,283			210,037			210,798
FHLB advances and other borrowings		111,699			114,072			113,705			121,414			126,130			147,491
Subordinated debt		97,476			97,476			97,476			97,476			97,476			97,476
Total stockholders’ equity		708,973			691,020			682,638			689,976			686,898			704,186
Statement of operations data, for the three months ended:
Interest income	$	46,888			47,789			47,224			49,079			50,650			50,929
Interest expense		8,532			9,994			11,204			13,023			14,590			15,231
Net interest income		38,356			37,795			36,020			36,056			36,060			35,697
Provision for loan losses		3,632			6,587			6,139			5,172			4,789			30,509
Net interest income after provision for loan losses		34,724			31,208			29,881			30,884			31,271			5,189
Noninterest income		10,080			9,809			8,324			8,666			8,594			10,569
Noninterest expense		35,676			34,357			34,701			36,452			37,774			36,491
Income (loss) before taxes		9,128			6,660			3,504			3,098			2,091			(20,734	)
Income tax expense (benefit)		(16,973	)		288			—			(697	)		—			5,630
Preferred dividends and accretion		1,564			1,529			1,492			1,547			1,542			1,507
Net income (loss) available to common stockholders	$	24,537			4,843			2,011			2,248			549			(27,871	)
Profitability and other ratios:
Return on avg. assets (1)		2.06	%		0.40	%		0.17	%		0.18	%		0.04	%		(2.24	%)
Return on avg. equity (1)		13.88	%		2.81	%		1.19	%		1.29	%		0.32	%		(15.88	%)
Net interest margin (1) (2)		3.60	%		3.55	%		3.40	%		3.29	%		3.23	%		3.23	%
Noninterest income to total revenue (3)		20.81	%		20.61	%		18.77	%		19.38	%		19.25	%		22.84	%
Noninterest income to avg. assets (1)		0.84	%		0.82	%		0.69	%		0.70	%		0.68	%		0.85	%
Noninterest exp. to avg. assets (1)		2.99	%		2.86	%		2.89	%		2.93	%		3.00	%		2.93	%
Efficiency ratio (4)		73.66	%		72.17	%		78.25	%		81.51	%		84.59	%		78.87	%
Avg. loans to average deposits		86.69	%		86.27	%		84.60	%		84.35	%		85.40	%		89.57	%
Securities to total assets		19.36	%		19.16	%		20.41	%		20.75	%		19.52	%		18.30	%
Average interest-earning assets to average interest-bearing liabilities		127.40	%		124.90	%		122.75	%		121.62	%		120.26	%		120.14	%
Brokered time deposits to total deposits (16)		0.00	%		0.00	%		0.00	%		0.03	%		1.80	%		3.70	%

This information is preliminary and based on company data available at the time of the presentation.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

SELECTED QUARTERLY FINANCIAL DATA – UNAUDITED

(dollars in thousands)	September			June			March			December			September			June
	2011			2011			2011			2010			2010			2010
Asset quality information and ratios:
Nonperforming assets:
Nonaccrual loans	$	54,640			59,727			76,368			80,863			103,127			118,331
Other real estate (ORE)		45,500			52,395			56,000			59,608			48,710			42,616
Total nonperforming assets	$	100,140			112,122			132,368			140,471			151,837			160,947
Past due loans over 90 days and still accruing interest	$	1,911			481			1,151			138			3,639			3,116
Restructured accruing loans (5)		18,187			12,990			15,285			20,468			13,468			10,861
Net loan charge-offs	$	5,732			8,605			9,726			7,146			7,346			33,463
Allowance for loan losses to nonaccrual loans		137.0	%		128.9	%		103.4	%		102.1	%		82.0	%		73.6	%
As a percentage of total loans:
Past due accruing loans over 30 days		0.28	%		0.40	%		0.36	%		0.30	%		0.67	%		0.66	%
Potential problem loans (6)		4.04	%		4.62	%		5.31	%		6.95	%		8.23	%		9.30	%
Allowance for loan losses		2.31	%		2.40	%		2.46	%		2.57	%		2.60	%		2.61	%
Nonperforming assets to total loans and ORE		3.05	%		3.44	%		4.04	%		4.29	%		4.60	%		4.77	%
Nonperforming assets to total assets		2.06	%		2.32	%		2.75	%		2.86	%		3.06	%		3.25	%
Annualized net loan charge-offs year-to-date to avg. loans (7)		1.00	%		1.14	%		1.22	%		1.96	%		2.26	%		2.84	%
Avg. commercial loan internal risk ratings (6)		4.7			4.8			4.8			4.8			4.9			4.9
Interest rates and yields:
Loans		4.78	%		4.87	%		4.88	%		4.99	%		4.96	%		4.74	%
Securities		3.54	%		3.67	%		3.58	%		3.48	%		3.97	%		4.45	%
Total earning assets		4.38	%		4.47	%		4.43	%		4.45	%		4.51	%		4.58	%
Total deposits, including non-interest bearing		0.77	%		0.90	%		1.01	%		1.16	%		1.27	%		1.36	%
Securities sold under agreements to repurchase		0.56	%		0.79	%		0.83	%		0.81	%		0.82	%		0.69	%
FHLB advances and other borrowings		1.89	%		2.42	%		2.65	%		2.60	%		2.90	%		2.88	%
Subordinated debt		2.68	%		2.73	%		2.73	%		2.72	%		3.78	%		3.63	%
Total deposits and interest-bearing liabilities		0.84	%		0.98	%		1.09	%		1.22	%		1.35	%		1.43	%
Capital ratios (8):
Stockholders’ equity to total assets		14.9	%		14.5	%		14.1	%		13.8	%		13.8	%		13.8	%
Leverage		11.9	%		11.2	%		11.0	%		10.7	%		10.5	%		10.4	%
Tier one risk-based		14.4	%		13.9	%		13.6	%		13.8	%		13.5	%		13.1	%
Total risk-based		15.9	%		15.5	%		15.2	%		15.4	%		15.1	%		14.8	%
Tangible common equity to tangible assets		8.2	%		7.7	%		7.4	%		7.1	%		7.2	%		7.1	%
Tangible common equity to risk weighted assets		10.3	%		9.6	%		9.1	%		9.1	%		9.3	%		9.0	%

This information is preliminary and based on company data available at the time of the presentation.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

SELECTED QUARTERLY FINANCIAL DATA – UNAUDITED

(dollars in thousands, except per share data)	September			June			March			December			September			June
	2011			2011			2011			2010			2010			2010
Per share data:
Earnings (loss) – basic	$	0.74			0.14			0.06			0.07			0.02			(0.85	)
Earnings (loss) – diluted	$	0.72			0.14			0.06			0.07			0.02			(0.85	)
Book value per common share at quarter end (9)	$	18.34			17.71			17.19			17.22			17.61			17.61
Tangible common equity per common share	$	11.08			10.38			9.85			9.80			10.12			10.04
Weighted avg. common shares – basic		33,372,980			33,454,229			33,366,053			33,062,533			32,857,428			32,675,221
Weighted avg. common shares – diluted		33,993,914			34,095,636			34,013,810			33,670,890			33,576,963			32,675,221
Common shares outstanding		34,306,927			34,136,163			34,132,256			33,870,380			33,660,462			33,421,741
Investor information:
Closing sales price	$	10.94			15.56			16.54			13.58			9.19			12.85
High closing sales price during quarter	$	16.21			16.82			16.60			13.74			14.33			18.93
Low closing sales price during quarter	$	10.52			14.15			13.55			9.27			8.51			11.81
Other information:
Gains on sale of loans and loan participations sold:
Mortgage loan sales:
Gross loans sold	$	104,716			68,506			70,981			143,793			137,094			92,144
Gross fees (10)	$	2,166			1,380			1,129			2,610			2,503			1,669
Gross fees as a percentage of mortgage loans originated		2.07	%		2.01	%		1.59	%		1.81	%		1.83	%		1.81	%
Gains (losses) on sales of investment securities, net	$	377			610			(159	)		—			—			2,259
Brokerage account assets, at quarter-end (11)	$	987,908			1,101,000			1,110,000			1,038,000			966,000			921,000
Trust account assets, at quarter-end	$	607,668			663,304			730,000			693,000			647,000			627,000
Floating rate loans as a percentage of total loans (12)		33.3	%		34.7	%		35.4	%		36.9	%		37.9	%		37.8	%
Balance of commercial loan participations sold to other banks and serviced by Pinnacle, at quarter end	$	57,045			50,797			60,784			55,632			57,964			66,503
Core deposits (13)	$	3,388,692			3,437,595			3,382,230			3,425,571			3,224,424			3,136,367
Core deposits to total funding (13)		82.6	%		84.0	%		82.4	%		81.6	%		76.1	%		73.9	%
Risk-weighted assets	$	3,751,479			3,693,390			3,711,179			3,639,095			3,679,436			3,748,498
Total assets per full-time equivalent employee	$	6,580			6,538			6,373			6,384			6,349			6,229
Annualized revenues per full-time equivalent employee	$	262.5			261.3			237.7			230.4			235.0			233.1
Number of employees (full-time equivalent)		740.0			739.0			756.5			769.0			781.0			796.0
Associate retention rate (14)		92.6	%		89.6	%		92.4	%		93.5	%		95.2	%		97.3	%
Selected economic information (in thousands) (15):
Nashville MSA nonfarm employment		735.5			738.3			735.5			748.1			741.3			728.8
Knoxville MSA nonfarm employment		327.7			325.1			325.2			326.6			326.7			321.7
Nashville MSA unemployment		8.5	%		8.9	%		8.3	%		8.1	%		8.4	%		9.0	%
Knoxville MSA unemployment		7.9	%		8.3	%		7.5	%		7.3	%		7.8	%		8.1	%
Nashville residential median home price	$	171.6			167.1			166.8			171.0			178.0			171.3
Nashville inventory of residential homes for sale		13.4			14.0			13.0			13.3			14.9			14.9

This information is preliminary and based on company data available at the time of the presentation.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP SELECTED QUARTERLY FINANCIAL DATA – UNAUDITED

	September			June			March			December			September			June
(dollars in thousands, except per share data)	2011			2011			2011			2010			2010			2010
Reconciliation of certain financial measures:
Tangible assets:
Total assets	$	4,868,905		$	4,831,333		$	4,820,991		$	4,909,004		$	4,961,603		$	4,958,478
Less: Goodwill		(244,082	)		(244,083	)		(244,083	)		(244,090	)		(244,097	)		(244,097	)
Core deposit and other intangibles		(8,558	)		(9,273	)		(9,989	)		(10,705	)		(11,450	)		(12,194	)
Net tangible assets	$	4,616,266		$	4,577,976		$	4,566,919		$	4,654,208		$	4,706,056		$	4,702,187
Tangible equity:
Total stockholders’ equity	$	724,374		$	699,228		$	681,226		$	677,457		$	686,529		$	681,915
Less: Goodwill		(244,082	)		(244,083	)		(244,083	)		(244,090	)		(244,097	)		(244,097	)
Core deposit and other intangibles		(8,558	)		(9,273	)		(9,989	)		(10,705	)		(11,450	)		(12,194	)
Net tangible equity		471,735			445,872			427,154			422,662			430,982			425,624
Less: Preferred stock		(91,772	)		(91,422	)		(91,094	)		(90,789	)		(90,455	)		(90,127	)
Net tangible common equity	$	379,962		$	354,449		$	336,060		$	331,873		$	340,527		$	335,497
Ratio of tangible common equity to tangible assets		8.23	%		7.74	%		7.36	%		7.13	%		7.24	%		7.13	%
	For the three months ended
	September			June			March			December			September			June
	2011			2011			2011			2010			2010			2010
Net interest income	$	38,356		$	37,795		$	36,020		$	36,056		$	36,060		$	35,697
Noninterest income		10,080			9,809			8,324			8,666			8,594			10,569
Net gains (losses) on sale of investment securities		377			610			(159	)		—			—			2,259
Noninterest income excluding the impact of other net gains (losses) on sale of investment securities	$	9,703		$	9,199		$	8,483		$	8,666		$	8,594		$	8,310
Noninterest expense		35,676			34,357			34,701			36,452			37,774			36,491
Other real estate owned expense		5,079			3,826			4,334			7,874			8,522			7,411
Noninterest expense excluding the impact of other real estate owned expense	$	30,597		$	30,532		$	30,367		$	28,578		$	29,252		$	29,080
Pre-tax pre-provision income(17)	$	17,462		$	16,463		$	14,136		$	16,145		$	15,402		$	14,927
Efficiency Ratio (4)		73.7	%		72.2	%		78.3	%		81.5	%		84.6	%		78.9	%
Efficiency Ratio excluding the impact of other real estate owned expense(4)		63.2	%		64.1	%		68.5	%		63.9	%		65.5	%		62.9	%

	For the three months ended, September 30,			For the year ended, September 30,
(dollars in thousands)	2011			2011
Net income available to common stockholders	$	24,537		$	31,392
Reversal of valuation allowance based on net deferred tax assets and liabilities		(22,480	)		(22,480	)
Anticipated 2011 current tax expense		5,211			5,211
	$	7,268		$	14,123
Diluted net income per common share available to common stockholders before impact of reversal of valuation reserve	$	0.21		$	0.41

This information is preliminary and based on company data available at the time of the presentation.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES

SELECTED QUARTERLY FINANCIAL DATA – UNAUDITED

1. Ratios are presented on an annualized basis.

2. Net interest margin is the result of net interest income on a tax equivalent basis divided by average interest earning assets.

3. Total revenue is equal to the sum of net interest income and noninterest income.

4. Efficiency ratios are calculated by dividing noninterest expense by the sum of net interest income and noninterest income.

5. Restructured Accruing Loans include loans where the company, as a result of the borrower’s financial difficulties, has granted a credit concession to the borrower (i.e., interest only payments for a period of time, extending the maturity of the loan, etc.). These loans continue to accrue interest at the contractual rate and are considered to be troubled debt restructurings.

6. Average risk ratings are based on an internal loan review system which assigns a numeric value of 1 to 10 to all loans to commercial entities based on their underlying risk characteristics as of the end of each quarter. A “1” risk rating is assigned to credits that exhibit Excellent risk characteristics, “2” exhibit Very Good risk characteristics, “3” Good, “4” Satisfactory, “5” Acceptable or Average, “6” Watch List, “7” Criticized, “8” Classified or Substandard, “9” Doubtful and “10” Loss (which are charged-off immediately). Additionally, loans rated “8” or worse that are not nonperforming or restructured loans are considered potential problem loans. Generally, consumer loans are not subjected to internal risk ratings.

7. Annualized net loan charge-offs to average loans ratios are computed by annualizing year-to-date net loan charge-offs and dividing the result by average loans for the year-to-date period.

8. Capital ratios are for Pinnacle Financial Partners, Inc. and are defined as follows:

Equity to total assets – End of period total stockholders’ equity as a percentage of end of period assets.

Leverage – Tier one capital (pursuant to risk-based capital guidelines) as a percentage of adjusted average assets.

Tier one risk-based – Tier one capital (pursuant to risk-based capital guidelines) as a percentage of total risk-weighted assets.

Total risk-based – Total capital (pursuant to risk-based capital guidelines) as a percentage of total risk-weighted assets.

9. Book value per share computed by dividing total stockholders’ equity less preferred stock and common stock warrants by common shares outstanding.

10. Amounts are included in the statement of operations in “Gains on the sale of loans and loan participations sold”, net of commissions paid on such amounts.

11. At fair value, based on information obtained from Pinnacle’s third party broker/dealer for non-FDIC insured financial products and services.

12. Floating rate loans are those loans that are eligible for repricing on a daily basis subject to changes in Pinnacle’s prime lending rate or other factors.

13. Core deposits include all transaction deposit accounts, money market and savings accounts and all certificates of deposit issued in a denomination of less than $250,000. The ratio noted above represents total core deposits divided by total funding, which includes total deposits, FHLB advances, securities sold under agreements to repurchase, subordinated indebtedness and all other interest-bearing liabilities.

14. Associate retention rate is computed by dividing the number of associates employed at quarter-end less the number of associates that have resigned in the last 12 months by the number of associates employed at quarter-end.

15. Employment and unemployment data is from the US Dept. of Labor Bureau of Labor Statistics. Labor force data is not seasonally adjusted. The most recent quarter data presented is as of the most recent month that data is available as of the release date. The Nashville home data is from the Greater Nashville Association of Realtors.

16. Brokered deposits do not include reciprocal balances under the Certificate of Deposit Account Registry Service (CDARS).

17. Pre-tax, pre-provision income excludes the impact of net gains (losses) on investment security sales as well as other real estate owned expenses.