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FOR IMMEDIATE RELEASE

MEDIA CONTACT: Joe Bass, 615-743-8219 
FINANCIAL CONTACT: Harold Carpenter, 615-744-3742 
WEBSITE: www.pnfp.com 

PNFP REPORTS DILUTED EPS OF $1.23, ROAA OF 1.54 PERCENT AND ROTCE OF 18.14 PERCENT FOR 4Q 2018
Excluding gains and losses on investment securities transactions, diluted EPS was $1.25 for 4Q 2018 


NASHVILLE, TN, Jan. 15, 2019 - Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.23 for the quarter ended Dec. 31, 2018, compared to net income per diluted common share of $0.35 for the quarter ended Dec. 31, 2017, an increase of 251.4 percent. Net income per diluted common share was $4.64 for the year ended Dec. 31, 2018, compared to net income per diluted common share of $2.70 for the year ended Dec. 31, 2017, an increase of 71.9 percent.
Excluding gains and losses on the sale of investment securities in both 2018 and 2017, merger-related charges and the after-tax charges related to the revaluation of the firm's deferred tax assets in 2017, net income per diluted common share was $1.25 for the three months ended Dec. 31, 2018, compared to net income per diluted common share of $0.97 for the three months ended Dec. 31, 2017. Excluding those same items, net income per diluted common share was $4.74 for the year ended Dec. 31, 2018, compared to $3.57 for the year ended Dec. 31, 2017, an increase of 32.8 percent.
"Despite investor concerns regarding the banking industry's ability to sustain earnings and profitability, Pinnacle is reporting a year-over-year growth in adjusted earnings per share of approximately 33 percent in 2018," said M. Terry Turner, Pinnacle's president and chief executive officer.
"Importantly, the real power of our differentiated franchise is perhaps even more evident as we move into 2019 when market growth in loan and deposit volumes has slowed and growth is increasingly dependent upon the ability to take market share. In 2018, the FDIC reported that we now possess the largest share of FDIC insured deposits in the Nashville MSA. Greenwich Associates validates that not only do we have the No. 1 'lead bank' share among businesses with annual revenues from $1 to $500 million in Nashville, but that the trajectory of both our market share and our net promoter scores also are continuing to trend higher. This long-proven ability to take share based on a truly differentiated service model is now being demonstrated in every major market in the Southeast in which we operate."

GROWING THE CORE EARNINGS CAPACITY OF THE FIRM:
Loans at Dec. 31, 2018 were a record $17.7 billion, an increase of $2.1 billion from Dec. 31, 2017, reflecting year-over-year growth of 13.3 percent. Loans at Dec. 31, 2018 increased $243.5 million from Sept. 30, 2018.
Average loans were $17.6 billion for the three months ended Dec. 31, 2018, up $371.1 million from $17.3 billion for the three months ended Sept. 30, 2018, an annualized growth rate of 8.5 percent.
At Dec. 31, 2018, the remaining discount associated with fair value accounting adjustments on acquired loans was $95.7 million, compared to $110.0 million at Sept. 30, 2018.
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The following information was filed by Pinnacle Financial Partners Inc (PNFP) on Wednesday, January 16, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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