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Pinnacle Financial Partners Updates Executive Pay and Noncompete Terms

Story Highlights
  • Pinnacle Financial Partners adjusted Robert McCabe’s pay mix post-merger while keeping his total target compensation unchanged.
  • The company secured a one-year noncompete and cooperation deal with Harold Carpenter for $2 million, protecting its interests after the merger.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pinnacle Financial Partners Updates Executive Pay and Noncompete Terms

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The latest update is out from Pinnacle Financial Partners ( (PNFP) ).

On January 14, 2026, Pinnacle Financial Partners amended a prior letter agreement with Chief Banking Officer Robert A. McCabe Jr. following the merger of Legacy Pinnacle into the company, keeping his total target compensation at $5,890,000 while altering its mix to a base salary of $3,465,000 and a target annual bonus of $2,426,000. On the same date, the bank entered into a restrictive covenant agreement with Harold R. Carpenter, under which he agreed not to compete with or solicit customers or employees of Pinnacle or its affiliates and to cooperate with the company from January 1, 2026, to January 1, 2027, in exchange for a $2,000,000 cash payment in two installments, subject to repayment or forfeiture if he breaches the noncompetition terms, signaling the firm’s efforts to retain key expertise and protect its franchise during a post-merger integration period.

The most recent analyst rating on (PNFP) stock is a Buy with a $109.00 price target. To see the full list of analyst forecasts on Pinnacle Financial Partners stock, see the PNFP Stock Forecast page.

Spark’s Take on PNFP Stock

According to Spark, TipRanks’ AI Analyst, PNFP is a Outperform.

The score is driven primarily by solid financial performance, led by strong cash-flow metrics and healthy operating margins, tempered by revenue decline and net margin compression. Technical indicators are mixed and lean cautious, limiting the score. Valuation is supportive with a modest P/E, and the completed Synovus merger is a positive strategic catalyst despite some legal/transition risk.

To see Spark’s full report on PNFP stock, click here.

More about Pinnacle Financial Partners

Pinnacle Financial Partners, Inc., a Georgia-based banking company operating Pinnacle Bank, offers commercial and consumer banking services and has recently integrated Legacy Pinnacle, a Tennessee corporation, through a merger to consolidate and streamline its financial operations.

Average Trading Volume: 1,278,590

Technical Sentiment Signal: Hold

Current Market Cap: $14.52B

Learn more about PNFP stock on TipRanks’ Stock Analysis page.

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