A pontoon boat is provided that includes a deck and a plurality of pontoons running longitudinally beneath the deck and providing buoyancy to the pontoon boat. The plurality of pontoons include a multi-chine configuration that increases the stability of the pontoon boat and provides handling characteristics similar to that of a hulled boat. The plurality of pontoons may include two outer pontoons and a third pontoon positioned laterally intermediate the outer pontoons. The third pontoon may include a plurality of chines, and each of the outer pontoons may include at least one chine. At least a portion of each of the at least one chines of the outer pontoons may be positioned vertically below the plurality of chines of the third pontoon. The chines on the third pontoon may extend longitudinally further than each of the at least one chines of the outer pontoons.