Pinnacle Financial Partners Announces 1Q19 Dividend

NASHVILLE, Tenn.–(BUSINESS WIRE)–Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) announced today
that its Board of Directors has approved a $0.16 per share cash dividend
to be paid on May 31, 2019 to common shareholders of record as of the
close of business on May 3, 2019.

The amount and timing of all future dividend payments will be subject to
the discretion of Pinnacle’s Board of Directors.

Pinnacle Financial Partners provides a full range of banking,
investment, trust, mortgage and insurance products and services designed
for businesses and their owners and individuals interested in a
comprehensive relationship with their financial institution. Pinnacle
Banks has the No. 1 deposit market share in the
Nashville-Murfreesboro-Franklin MSA, according to June 30, 2018 deposit
data from the FDIC. Pinnacle earned a place on FORTUNE’s 2017,
2018 and 2019 lists of the 100 Best Companies to Work For in the U.S.,
and American Banker recognized Pinnacle as one of America’s Best
Banks to Work For six years in a row.

The firm began operations in a single location in downtown Nashville, TN
in October 2000 and has since grown to approximately $25.6 billion in
assets as of March 31, 2019. As the second-largest bank holding company
headquartered in Tennessee, Pinnacle operates in 11 primarily urban
markets in Tennessee, the Carolinas and Virginia.

Additional information concerning Pinnacle, which is included in the
Nasdaq Financial-100 Index, can be accessed at www.pnfp.com.

Forward-Looking Statements

All statements, other than statements of historical fact, included in
this press release, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. The words “expect,” “anticipate,” “intend,” “may,” “should,”
“plan,” “believe,” “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 statements. These forward-looking statements are subject
to known and unknown risks, uncertainties and other factors that could
cause the actual results to differ materially from the statements,
including, but not limited to: (i) deterioration in the financial
condition of borrowers resulting in significant increases in loan losses
and provisions for those losses; (ii) the ability to grow and retain
low-cost core deposits and retain large, uninsured deposits; (iii) the
inability of Pinnacle Financial, or entities in which it has significant
investments, like BHG, to maintain the historical growth rate of its, or
such entities’, loan portfolio; (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) the
impact of competition with other financial institutions, including
pricing pressures and the resulting impact on Pinnacle Financial’s
results, including as a result of compression to net interest margin;
(vii) greater than anticipated adverse conditions in the national or
local economies including in Pinnacle Financial’s markets throughout
Tennessee, North Carolina, South Carolina and Virginia, particularly in
commercial and residential real estate markets; (viii) fluctuations or
differences in interest rates on loans or deposits from those that
Pinnacle Financial is modeling or anticipating or that affect the yield
curve; (ix) the results of regulatory examinations; (x) a merger or
acquisition; (xi) risks of expansion into new geographic or product
markets; (xii) any matter that would cause Pinnacle Financial to
conclude that there was impairment of any asset, including intangible
assets; (xiii) reduced ability to attract additional financial advisors
(or failure of such advisors to cause their clients to switch to
Pinnacle Bank), to retain financial advisors (including as a result of
the competitive environment for associates) or otherwise to attract
customers from other financial institutions; (xiv) deterioration in the
valuation of other real estate owned and increased expenses associated
therewith; (xv) inability to comply with regulatory capital
requirements, including those resulting from changes to capital
calculation methodologies, required capital maintenance levels or
regulatory requests or directives, particularly if Pinnacle Financial’s
level of applicable commercial real estate loans were to exceed
percentage levels of total capital in guidelines recommended by its
regulators; (xvi) approval of the declaration of any dividend by
Pinnacle Financial’s board of directors; (xvii) the vulnerability of
Pinnacle Bank’s network and online banking portals, and the systems of
parties with whom Pinnacle Financial contracts, to unauthorized access,
computer viruses, phishing schemes, spam attacks, human error, natural
disasters, power loss and other security breaches; (xviii) the
possibility of increased compliance and operational costs as a result of
increased regulatory oversight (including by the Consumer Financial
Protection Bureau), including oversight of companies in which Pinnacle
Financial or Pinnacle Bank have significant investments, like BHG, and
the development of additional banking products for Pinnacle Bank’s
corporate and consumer clients; (xix) the risks associated with Pinnacle
Financial and Pinnacle Bank being a minority investor in BHG, including
the risk that the owners of a majority of the equity interests in BHG
decide to sell the company if not prohibited from doing so by Pinnacle
Financial or Pinnacle Bank; (xx) changes in state and federal
legislation, regulations or policies applicable to banks and other
financial service providers, like BHG, including regulatory or
legislative developments; (xxi) risks associated with the possible
shutdown of the United States federal government, including adverse
effects on the national or local economies and adverse effects resulting
from a shutdown of the U.S. Small Business Administration’s SBA loan
program; (xxii) the availability of and access to capital; (xxiii)
adverse results (including costs, fines, reputational harm, inability to
obtain necessary approvals and/or other negative effects) from current
or future litigation, regulatory examinations or other legal and/or
regulatory actions; and (xxiv) general competitive, economic, political
and market conditions. Additional factors which could affect the forward
looking statements can be found in Pinnacle Financial’s Annual Report on
Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form
8-K filed with the SEC and available on the SEC’s website at http://www.sec.gov.
Pinnacle Financial disclaims any obligation to update or revise any
forward-looking statements contained in this press release, which speak
only as of the date hereof, whether as a result of new information,
future events or otherwise.

Contacts

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