Pinnacle Financial Increases Quarterly Net Income Per Fully Diluted Share By 24 Percent Over Last Quarter

WEBCAST AND CONFERENCE CALL INFORMATION

Pinnacle will host a webcast and conference call at 8:30 a.m. (CT) on April 17, 2012, to discuss first quarter 2012 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 at www.pnfp.com.For those unable to participate in the webcast, it will be archived on the investor relations page of Pinnacle's website at www.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 $4.79 billion in assets at March 31, 2012. At March 31, 2012, Pinnacle is the second-largest bank holding company headquartered in Tennessee, with 29 offices in eight Middle Tennessee counties and three offices in Knoxville. Additional information concerning Pinnacle can be accessed at www.pnfp.com.

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 ability to attract additional financial advisors or to attract customers from other financial institutions; (xiv) 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”); (xv) further deterioration in the valuation of other real estate owned and increased expenses associated therewith; (xvi) inability to comply with regulatory capital requirements or to secure any required regulatory approvals for capital actions, including redemption of the remaining TARP preferred shares that are outstanding; and, (xvii) 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 March 2, 2012. 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.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS – UNAUDITED
		March 31, 2012			December 31, 2011
ASSETS
Cash and noninterest-bearing due from banks		$	60,400,972		$	63,015,997
Interest-bearing due from banks			70,901,830			108,422,470
Federal funds sold and other			764,526			724,573
Short-term discount notes			-			-
Cash and cash equivalents			132,067,328			172,163,040
Securities available-for-sale, at fair value			838,718,889			894,962,246
Securities held-to-maturity (fair value of $1,074,394 and $2,369,118 and at March 31, 2012 and December 31, 2011, respectively)			1,049,793			2,329,917
Mortgage loans held-for-sale			23,541,493			35,363,038
Loans			3,337,869,085			3,291,350,857
Less allowance for loan losses			(71,379,400	)		(73,974,675	)
Loans, net			3,266,489,685			3,217,376,182
Premises and equipment, net			76,378,894			77,127,361
Other investments			44,990,439			44,653,840
Accrued interest receivable			16,019,272			15,243,366
Goodwill			244,071,513			244,076,492
Core deposit and other intangible assets			7,156,200			7,842,267
Other real estate owned			34,018,658			39,714,415
Other assets			105,080,416			113,098,540
Total assets		$	4,789,582,580		$	4,863,950,704
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Noninterest-bearing		$	756,909,243		$	717,378,933
Interest-bearing			694,755,093			637,203,420
Savings and money market accounts			1,497,843,377			1,585,260,139
Time			655,783,708			714,496,974
Total deposits			3,605,291,421			3,654,339,466
Securities sold under agreements to repurchase			118,088,532			131,591,412
Federal Home Loan Bank advances			226,031,695			226,068,796
Subordinated debt			97,476,000			97,476,000
Accrued interest payable			1,912,756			2,233,330
Other liabilities			22,116,728			42,097,132
Total liabilities			4,070,917,132			4,153,806,136
Stockholders’ equity:
Preferred stock, no par value; 10,000,000 shares authorized; 71,250 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively			69,355,475			69,096,828
Common stock, par value $1.00; 90,000,000 shares authorized; 34,616,013 shares and 34,354,960 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively			34,616,013			34,354,960
Common stock warrants			3,348,402			3,348,402
Additional paid-in capital			537,860,446			536,227,537
Retained earnings			56,999,267			49,783,584
Accumulated other comprehensive income, net of taxes			16,485,845			17,333,257
Stockholders’ equity			718,665,448			710,144,568
Total liabilities and stockholders’ equity		$	4,789,582,580		$	4,863,950,704
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
		March 31,
		2012			2011
Interest income:
Loans, including fees		$	38,637,719		$	38,353,481
Securities
Taxable			4,929,284			6,360,899
Tax-exempt			1,703,146			1,935,888
Federal funds sold and other			553,939			574,006
Total interest income			45,824,088			47,224,274
Interest expense:
Deposits			4,827,476			9,424,241
Securities sold under agreements to repurchase			155,576			381,569
Federal Home Loan Bank advances and other borrowings			1,337,031			1,397,831
Total interest expense			6,320,083			11,203,641
Net interest income			39,504,005			36,020,633
Provision for loan losses			1,034,245			6,139,138
Net interest income after provision for loan losses			38,469,760			29,881,495
Noninterest income:
Service charges on deposit accounts			2,323,962			2,261,457
Investment services			1,646,778			1,508,086
Insurance sales commissions			1,287,560			1,049,232
Gain on mortgage loans sold, net			1,494,472			609,377
Gain (loss) on sale of investment securities, net			113,600			(159,103	)
Trust fees			795,435			729,988
Other noninterest income			2,287,531			2,325,020
Total noninterest income			9,949,338			8,324,057
Noninterest expense:
Salaries and employee benefits			19,792,566			17,923,622
Equipment and occupancy			5,008,655			5,006,710
Other real estate owned			4,676,064			4,334,118
Marketing and other business development			785,325			753,751
Postage and supplies			563,294			489,877
Amortization of intangibles			686,067			715,904
Other noninterest expense			4,307,735			5,476,846
Total noninterest expense			35,819,706			34,700,828
Income before income taxes			12,599,392			3,504,724
Income tax expense			4,234,438			-
Net income			8,364,954			3,504,724
Preferred dividends			900,519			1,187,500
Accretion on preferred stock discount			258,647			305,974
Net income available to common stockholders		$	7,205,788		$	2,011,250
Per share information:
Basic net income per common share available to common stockholders		$	0.21		$	0.06
Diluted net income per common share available to common stockholders		$	0.21		$	0.06
Weighted average shares outstanding:
Basic			33,811,871			33,366,053
Diluted			34,423,898			34,013,810
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									Three months ended
		March 31, 2012									March 31, 2011
		Average Balances			Interest			Rates/ Yields			Average Balances			Interest			Rates/ Yields
Interest-earning assets :
Loans (1)		$	3,280,030		$	38,638		4.74	%		$	3,191,076		$	38,353		4.88	%
Securities
Taxable			688,645			4,929		2.88	%			811,793			6,361		3.18	%
Tax-exempt (2)			186,864			1,703		4.90	%			198,551			1,936		5.21	%
Federal funds sold and other			161,434			554		1.50	%			185,911			574		1.35	%
Total interest-earning assets			4,316,973		$	45,824		4.33	%			4,387,331		$	47,224		4.43	%
Nonearning assets
Intangible assets			251,668									254,529
Other nonearning assets			252,310									226,885
Total assets		$	4,820,951								$	4,868,745
Interest-bearing liabilities:
Interest-bearing deposits:
Interest checking		$	664,869		$	824		0.50	%		$	592,356		$	956		0.65	%
Savings and money market			1,541,559			2,142		0.56	%			1,579,325			4,061		1.04	%
Time			689,083			1,861		1.09	%			1,005,760			4,408		1.78	%
Total interest-bearing deposits			2,895,511			4,827		0.67	%			3,177,441			9,425		1.20	%
Securities sold under agreements to repurchase			129,892			156		0.48	%			185,471			382		0.83	%
Federal Home Loan Bank advances and other borrowings			238,578			610		1.03	%			113,705			742		2.65	%
Subordinated debt			97,476			727		3.00	%			97,476			656		2.73	%
Total interest-bearing liabilities			3,361,457			6,320		1.29	%			3,574,093			11,204		1.27	%
Noninterest-bearing deposits			701,760			-		-				594,651			-		-
Total deposits and interest-bearing liabilities			4,063,217		$	6,320		0.63	%			4,168,744		$	11,204		1.09	%
Other liabilities			37,946									17,363
Stockholders' equity			719,788									682,638
Total liabilities and stockholders' equity		$	4,820,951								$	4,868,745
Net interest income					$	39,504								$	36,020
Net interest spread (3)								3.58	%								3.16	%
Net interest margin (4)								3.74	%								3.40	%
(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 March 31, 2012 would have been 3.71% compared to a net interest spread of 3.34% for the quarter ended March 31, 2011.
(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)		March					December			September			June			March			December
		2012					2011			2011			2011			2011			2010
Balance sheet data, at quarter end:
Commercial real estate - mortgage loans		$	1,123,690				1,110,962			1,087,333			1,091,283			1,102,533			1,094,615
Consumer real estate - mortgage loans			688,817				695,745			711,994			708,280			698,693			705,487
Construction and land development loans			281,624				274,248			278,660			282,064			300,697			331,261
Commercial and industrial loans			1,180,578				1,145,735			1,095,037			1,058,263			1,047,754			1,012,091
Consumer and other			63,160				64,661			68,125			67,214			67,753			68,986
Total loans			3,337,869				3,291,351			3,241,149			3,207,104			3,217,430			3,212,440
Allowance for loan losses			(71,379	)			(73,975	)		(74,871	)		(76,971	)		(78,988	)		(82,575	)
Securities			839,769				897,292			942,752			925,508			984,200			1,018,637
Total assets			4,789,583				4,863,951			4,868,905			4,831,333			4,820,991			4,909,004
Noninterest-bearing deposits			756,909				717,379			722,694			662,018			608,428			586,517
Total deposits			3,605,291				3,654,339			3,712,650			3,761,520			3,731,883			3,833,057
Securities sold under agreements to repurchase			118,089				131,591			128,954			124,514			165,132			146,294
FHLB advances and other borrowings			226,032				226,069			161,106			111,191			111,351			121,393
Subordinated debt			97,476				97,476			97,476			97,476			97,476			97,476
Total stockholders’ equity			718,665				710,145			724,374			699,228			681,226			677,457
Balance sheet data, quarterly averages:
Total loans		$	3,280,030				3,261,972			3,207,213			3,211,591			3,191,076			3,217,738
Securities			875,509				924,153			939,778			972,750			1,010,344			993,236
Total earning assets			4,316,973				4,347,352			4,308,710			4,347,552			4,387,331			4,441,672
Total assets			4,820,951				4,852,311			4,786,485			4,826,731			4,868,745			4,937,181
Noninterest-bearing deposits			701,760				705,580			671,796			628,929			594,651			575,606
Total deposits			3,597,271				3,641,845			3,699,553			3,722,613			3,772,092			3,814,572
Securities sold under agreements to repurchase			129,892				141,818			145,050			175,705			185,471			194,283
FHLB advances and other borrowings			238,578				209,619			111,699			114,072			113,705			121,414
Subordinated debt			97,476				97,476			97,476			97,476			97,476			97,476
Total stockholders’ equity			719,788				729,622			708,973			691,020			682,638			689,976
Statement of operations data, for the three months ended:
Interest income		$	45,824				46,446			46,888			47,789			47,224			49,079
Interest expense			6,320				7,153			8,532			9,994			11,204			13,023
Net interest income			39,504				39,293			38,356			37,795			36,020			36,056
Provision for loan losses			1,034				5,439			3,632			6,587			6,139			5,172
Net interest income after provision for loan losses			38,470				33,854			34,724			31,208			29,881			30,884
Noninterest income			9,949				9,727			10,080			9,809			8,324			8,666
Noninterest expense			35,820				34,374			35,676			34,357			34,701			36,452
Income before taxes			12,599				9,207			9,128			6,660			3,504			3,098
Income tax expense (benefit)			4,234				1,447			(16,973	)		288			-			(697	)
Preferred dividends and accretion			1,159				2,079			1,564			1,529			1,492			1,547
Net income available to common stockholders		$	7,206				5,681			24,537			4,843			2,011			2,248
Profitability and other ratios:
Return on avg. assets (1)			0.60	%			0.46	%		2.06	%		0.40	%		0.17	%		0.18	%
Return on avg. equity (1)			4.03	%			3.09	%		13.88	%		2.81	%		1.19	%		1.29	%
Net interest margin (1) (2)			3.74	%			3.65	%		3.60	%		3.55	%		3.40	%		3.29	%
Noninterest income to total revenue (3)			20.12	%			19.84	%		20.81	%		20.61	%		18.77	%		19.38	%
Noninterest income to avg. assets (1)			0.83	%			0.80	%		0.84	%		0.82	%		0.69	%		0.70	%
Noninterest exp. to avg. assets (1)			2.99	%			2.81	%		2.99	%		2.86	%		2.89	%		2.93	%
Efficiency ratio (4)			72.43	%			70.12	%		73.66	%		72.17	%		78.25	%		81.51	%
Avg. loans to average deposits			91.18	%			89.57	%		86.69	%		86.27	%		84.60	%		84.35	%
Securities to total assets			17.53	%			18.45	%		19.36	%		19.16	%		20.41	%		20.75	%
Average interest-earning assets to average interest-bearing liabilities			128.43	%			128.42	%		127.40	%		124.90	%		122.75	%		121.62	%
Brokered time deposits to total deposits (16)			0.00	%			0.00	%		0.00	%		0.00	%		0.00	%		0.03	%
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)		March				December		September		June		March		December
		2012				2011		2011		2011		2011		2010
Asset quality information and ratios:
Nonperforming assets:
Nonaccrual loans		$	42,852			47,855		54,640		59,727		76,368		80,863
Other real estate (ORE)			34,019			39,714		45,500		52,395		56,000		59,608
Total nonperforming assets		$	76,871			87,569		100,140		112,122		132,368		140,471
Past due loans over 90 days and still accruing interest		$	821			858		1,911		481		1,151		138
Troubled debt restructurings (5)		$	22,832			23,416		18,187		12,990		15,285		20,468
Net loan charge-offs		$	3,630			6,335		5,732		8,605		9,726		7,146
Allowance for loan losses to nonaccrual loans			166.6	%		154.6	%	137.0	%	128.9	%	103.4	%	102.1	%
As a percentage of total loans:
Past due accruing loans over 30 days			0.34	%		0.36	%	0.28	%	0.40	%	0.36	%	0.30	%
Potential problem loans (6)			3.78	%		3.96	%	4.04	%	4.62	%	5.31	%	6.95	%
Allowance for loan losses			2.14	%		2.25	%	2.31	%	2.40	%	2.46	%	2.57	%
Nonperforming assets to total loans and ORE			2.28	%		2.66	%	3.05	%	3.44	%	4.04	%	4.29	%
Nonperforming assets to total assets			1.60	%		1.80	%	2.06	%	2.32	%	2.75	%	2.86	%
Annualized net loan charge-offs year-to-date to avg. loans (7)			0.45	%		0.94	%	1.00	%	1.14	%	1.22	%	1.96	%
Avg. commercial loan internal risk ratings (6)			4.7			4.6		4.7		4.8		4.8		4.8
Interest rates and yields:
Loans			4.74	%		4.74	%	4.78	%	4.87	%	4.88	%	4.99	%
Securities			3.31	%		3.26	%	3.54	%	3.67	%	3.58	%	3.48	%
Total earning assets			4.33	%		4.30	%	4.38	%	4.47	%	4.43	%	4.45	%
Total deposits, including non-interest bearing			0.63	%		0.62	%	0.77	%	0.90	%	1.01	%	1.16	%
Securities sold under agreements to repurchase			0.48	%		0.50	%	0.56	%	0.79	%	0.83	%	0.81	%
FHLB advances and other borrowings			1.03	%		1.07	%	1.89	%	2.42	%	2.65	%	2.60	%
Subordinated debt			3.00	%		2.80	%	2.68	%	2.73	%	2.73	%	2.72	%
Total deposits and interest-bearing liabilities			0.63	%		0.69	%	0.84	%	0.98	%	1.09	%	1.22	%
Capital ratios (8):
Stockholders’ equity to total assets			15.0	%		14.6	%	14.9	%	14.5	%	14.1	%	13.8	%
Leverage			11.7	%		11.4	%	11.9	%	11.2	%	11.0	%	10.7	%
Tier one risk-based			14.0	%		13.8	%	14.4	%	13.9	%	13.6	%	13.8	%
Total risk-based			15.4	%		15.3	%	15.9	%	15.5	%	15.2	%	15.4	%
Tangible common equity to tangible assets			8.8	%		8.4	%	8.2	%	7.7	%	7.4	%	7.1	%
Tangible common equity to risk weighted assets			10.3	%		10.3	%	10.3	%	9.6	%	9.1	%	9.1	%
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)		March				December			September			June			March			December
		2012				2011			2011			2011			2011			2010
Per share data:
Earnings – basic		$	0.21			0.17			0.74			0.14			0.06			0.07
Earnings – diluted		$	0.21			0.17			0.72			0.14			0.06			0.07
Book value per common share at quarter end (9)		$	18.66			18.56			18.34			17.71			17.19			17.22
Tangible common equity per common share		$	11.50			11.33			11.08			10.38			9.85			9.80
Weighted avg. common shares – basic			33,811,871			33,485,253			33,372,980			33,454,229			33,366,053			33,062,533
Weighted avg. common shares – diluted			34,423,898			34,127,209			33,993,914			34,095,636			34,013,810			33,670,890
Common shares outstanding			34,616,013			34,354,960			34,306,927			34,136,163			34,132,256			33,870,380
Investor information:
Closing sales price		$	18.35			16.15			10.94			15.56			16.54			13.58
High closing sales price during quarter		$	18.44			16.65			16.21			16.82			16.60			13.74
Low closing sales price during quarter		$	15.25			10.28			10.52			14.15			13.55			9.27
Other information:
Gains on sale of loans and loan participations sold:
Mortgage loan sales:
Gross loans sold		$	119,023			134,794			104,716			68,506			70,981			143,793
Gross fees (10)		$	2,465			2,610			2,166			1,380			1,129			2,610
Gross fees as a percentage of mortgage loans originated			2.07	%		1.94	%		2.07	%		2.01	%		1.59	%		1.81	%
Gains (losses) on sales of investment securities, net of OTTI		$	114			133			377			610			(159	)		-
Brokerage account assets, at quarter-end (11)		$	1,176,180			1,061,249			987,908			1,101,000			1,110,000			1,038,000
Trust account assets, at quarter-end		$	789,614			632,608			607,668			663,304			730,000			693,000
Floating rate loans as a percentage of total loans (12)			32.2	%		32.9	%		33.3	%		34.7	%		35.4	%		36.9	%
Balance of commercial loan participations sold to other banks and serviced by Pinnacle, at quarter end		$	52,155			62,209			57,045			50,797			60,784			55,632
Core deposits (13)		$	3,405,915			3,441,547			3,388,692			3,437,595			3,382,230			3,425,571
Core deposits to total funding (13)			84.3	%		83.7	%		82.6	%		84.0	%		82.4	%		81.6	%
Risk-weighted assets		$	3,826,678			3,780,412			3,751,479			3,693,390			3,711,179			3,639,095
Total assets per full-time equivalent employee		$	6,442			6,511			6,580			6,538			6,373			6,384
Annualized revenues per full-time equivalent employee		$	266.8			263.2			262.5			261.3			237.7			230.4
Number of employees (full-time equivalent)			743.5			747.0			740.0			739.0			756.5			769.0
Associate retention rate (14)			93.7	%		92.0	%		92.6	%		89.6	%		92.4	%		93.5	%
Selected economic information (in thousands) (15):
Nashville MSA nonfarm employment			747.8			757.3			735.5			738.3			735.5			748.1
Knoxville MSA nonfarm employment			330.9			331.7			327.7			325.1			325.2			326.6
Nashville MSA unemployment			7.2	%		7.2	%		8.5	%		8.9	%		8.3	%		8.1	%
Knoxville MSA unemployment			6.7	%		6.6	%		7.9	%		8.3	%		7.5	%		7.3	%
Nashville residential median home price		$	168.5			168.5			171.6			167.1			166.8			171.0
Nashville inventory of residential homes for sale (18)			11.8			10.6			13.4			14.0			13.0			13.3
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
		March				December				September				June				March				December
(dollars in thousands , except per share data)		2012				2011				2011				2011				2011				2010
Reconciliation of certain financial measures:
Tangible assets:
Total assets		$	4,789,583			$	4,863,951			$	4,868,905			$	4,831,333			$	4,820,991			$	4,909,004
Less: Goodwill			(244,072	)			(244,076	)			(244,082	)			(244,083	)			(244,083	)			(244,090	)
Core deposit and other intangibles			(7,156	)			(7,842	)			(8,558	)			(9,273	)			(9,989	)			(10,705	)
Net tangible assets		$	4,538,355			$	4,612,033			$	4,616,265			$	4,577,976			$	4,566,919			$	4,654,208
Tangible equity:
Total stockholders' equity		$	718,665			$	710,145			$	724,374			$	699,228			$	681,226			$	677,457
Less: Goodwill			(244,072	)			(244,076	)			(244,082	)			(244,083	)			(244,083	)			(244,090	)
Core deposit and other intangibles			(7,156	)			(7,842	)			(8,558	)			(9,273	)			(9,989	)			(10,705	)
Net tangible equity			467,437				458,226				471,734				445,872				427,154				422,662
Less: Preferred stock			(69,355	)			(69,097	)			(91,772	)			(91,422	)			(91,094	)			(90,789	)
Net tangible common equity		$	398,082			$	389,130			$	379,962			$	354,449			$	336,060			$	331,873
Ratio of tangible common equity to tangible assets			8.77	%			8.44	%			8.23	%			7.74	%			7.36	%			7.13	%
		For the three months ended
		March				December				September				June				March				December
		2012				2011				2011				2011				2011				2010
Net interest income		$	39,504			$	39,293			$	38,356			$	37,795			$	36,020			$	36,056
Noninterest income			9,949				9,727				10,080				9,809				8,324				8,666
Less: Net gains (losses) on sale of investment securities			114				133				377				610				(159	)			-
Noninterest income excluding the impact of other net gains (losses) on sale of investment securities		$	9,834			$	9,594			$	9,703			$	9,199			$	8,483			$	8,666
Noninterest expense			35,820				34,374				35,676				34,357				34,701				36,452
Other real estate owned expense			4,676				4,193				5,079				3,826				4,334				7,874
Noninterest expense excluding the impact of other real estate owned expense		$	31,144			$	30,181			$	30,597			$	30,532			$	30,367			$	28,578
Adjusted pre-tax pre-provision income (17)		$	18,195			$	18,706			$	17,462			$	16,463			$	14,136			$	16,145
Efficiency Ratio (4)			72.4	%			70.1	%			73.7	%			72.2	%			78.3	%			81.5	%
Efficiency Ratio excluding the impact of other real estate owned expense (4)			63.0	%			61.6	%			63.2	%			64.1	%			68.5	%			63.9	%
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.	Troubled debt restructurings 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 significant period of time, extending the maturity of the loan, etc.). All of these loans continue to accrue interest at the contractual rate.
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 loans sold, net”, 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.	Adjusted pre-tax, pre-provision income excludes the impact of net gains (losses) on investment security sales as well as other real estate owned expenses.
18.	Represents homes currently listed with MLS in the Nashville MSA.

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