Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Pinnacle Financial Partners, Inc. (PNFP) Halal?

FAIL

Pinnacle Financial Partners, Inc. · NYSE: PNFP · Financials

The short answer

No - Pinnacle Financial Partners, Inc. (PNFP) fails this Shariah stock screen at all three gates. Pinnacle, the Atlanta-based bank holding company (~$129.1 billion in combined assets, formed January 1, 2026 by the merger of legacy Pinnacle and Synovus Financial Corp.), has conventional interest-based lending and deposit-taking as its core business - a non-compliant activity under AAOIFI-style screens. Interest-bearing borrowings of $11,103 million are about 77.7% of its ~$14.3 billion market cap ($94.63/share, October 2, 2026), above the ~33% ceiling, and net interest income of $1,889 million is about 78.1% of six-month revenue ($2,420 million), far above the 5% ceiling. Zoya and Musaffa independently rate PNFP not Shariah-compliant. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: FAIL

Pinnacle Financial Partners, Inc. (NYSE: PNFP) is a Georgia-chartered financial holding company headquartered in Atlanta, Georgia, and the parent of Pinnacle Bank, a Tennessee state-chartered bank. Per its Form 10-K for the fiscal year ended December 31, 2025 (filed March 2, 2026), legacy Pinnacle was a financial holding company with about $57.7 billion in total assets and 141 offices conducting branch banking operations; effective January 1, 2026, legacy Pinnacle and Synovus Financial Corp. merged into the new Pinnacle Financial Partners, Inc., whose common stock trades on the NYSE under ticker PNFP. Per the Q2 2026 Form 10-Q, the combined company had total assets of about $129.1 billion and deposits of about $100.9 billion.

Business-screen implication (factual): the core business is conventional interest-based lending and deposit-taking - net interest income is the dominant revenue driver. Conventional banking is a non-compliant core activity under AAOIFI-style screens; this pipeline's precedent (Wells Fargo, Bank of America, Citigroup, Capital One) screens conventional banks as business-gate fails. Gate 1 fails. Facts only.

Gate 2 — Debt and cash: FAIL

Per Pinnacle Financial Partners' Form 10-Q for the quarter ended June 30, 2026, federal funds purchased and securities sold under repurchase agreements were $850M and FHLB advances and other borrowings were $10,253M - total interest-bearing borrowings of $11,103M (deposits excluded, per this pipeline's bank convention). Against a market cap of about $14.3B ($94.63 per share, October 2, 2026, per Finnhub, times about 151 million shares outstanding per the 10-Q), borrowings / market cap is about 77.7% - above the ~33% ceiling. Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: FAIL

Per the Q2 2026 Form 10-Q, six-month net interest income was $1,889M and total revenue was $2,420M (net interest income plus non-interest revenue of $531M) - net interest income is about 78.1% of revenue, far above the 5% non-compliant income ceiling. The FY2025 legacy figures (10-K) show the same pattern: net interest income $1,548M on revenue of $2,055M (75.3%). Third-party screeners agree: Zoya independently reports interest income of $2,795,632,000 against revenue of $2,922,386,000 (95.66%), rating PNFP not Shariah-compliant, and Musaffa classifies PNFP as not halal (October 2026). Gate 3 fails. Facts only.

Key figures used

Frequently asked questions

What does Pinnacle Financial Partners do?

Pinnacle Financial Partners, Inc. (NYSE: PNFP) is a Georgia-chartered financial holding company headquartered in Atlanta, Georgia, and the parent company of Pinnacle Bank, a Tennessee state-chartered bank. It was formed on January 1, 2026 by the merger of legacy Pinnacle Financial Partners (formerly Nasdaq-listed) and Synovus Financial Corp., with shares of the combined company trading on the NYSE under the ticker PNFP since January 2, 2026. Per its Form 10-Q for the quarter ended June 30, 2026, the combined company had total assets of about $129.1 billion and deposits of about $100.9 billion. Its core business is conventional interest-based lending and deposit-taking - branch banking, commercial loans, mortgages, investment, trust and insurance services.

Why does Pinnacle Financial Partners fail this Shariah screener?

Pinnacle Financial Partners fails this Shariah screener at all three gates. Gate 1 (business activity): conventional commercial banking - interest-based lending and deposit-taking - is the core business, a non-compliant activity under AAOIFI-style screens. Gate 2 (debt): interest-bearing borrowings of $11,103 million are about 77.7% of its ~$14.3 billion market cap, above the ~33% ceiling. Gate 3 (non-compliant income): net interest income of $1,889 million is about 78.1% of six-month revenue ($2,420 million), far above the 5% ceiling. Result: FAIL. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Pinnacle Financial Partners' interest-bearing debt ratio?

Per Pinnacle Financial Partners' Form 10-Q for the quarter ended June 30, 2026 (the combined post-merger company, CIK 0002082866), federal funds purchased and securities sold under repurchase agreements were $850 million and FHLB advances and other borrowings were $10,253 million - total interest-bearing borrowings of $11,103 million. (Deposits of $100,898 million are excluded, following this pipeline's convention for banks.) Against a market cap of about $14.3 billion ($94.63 per share on October 2, 2026 per Finnhub, times about 151 million shares outstanding per the 10-Q), borrowings / market cap is about 77.7% - above the ~33% ceiling. Gate 2 fails. Facts only.

How much interest income does Pinnacle Financial Partners earn?

Per its Form 10-Q for the quarter ended June 30, 2026, the combined company's six-month net interest income was $1,889 million on total revenue of $2,420 million (net interest income $1,889 million plus non-interest revenue $531 million) - about 78.1% of revenue, far above the 5% non-compliant income ceiling. The FY2025 legacy figures (Form 10-K for the year ended December 31, 2025, pre-merger legacy Pinnacle) show the same pattern: net interest income of $1,548 million on total revenue of $2,055 million, about 75.3%. Net interest income is separately disclosed in both filings. Gate 3 fails. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Pinnacle Financial Partners?

Zoya covers PNFP at zoya.finance/stocks/pnfp and rates it NOT Shariah-compliant (as of September 2026), citing FY2025 revenue of $2,922,386,000 against interest income of $2,795,632,000 (95.66%). Musaffa covers PNFP at musaffa.com/stock/PNFP and classifies it as NOT HALAL (as of October 2026), using AAOIFI methodology. ShariaPortfolio: no public per-ticker PNFP coverage was found in web searches - honestly reported as no verifiable coverage, not invented.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).