Pinnacle Financial Partners (PNFP) AI Stock Analysis

• Market Cap: $7.10B
• Dividend Yield: 1%
• Average Volume (3M): 999.69K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 1.36
• Revenue Growth: 10.19%
• EPS Growth: 48.39%
• Country: US
• Employees: 3,595
• Sector: Financial
• Sector Strength: 75
• Industry: Banks - Regional
• EPS (TTM): 2.00
• Shares Outstanding: 77,556,100
• 10 Day Avg. Volume: 1,998,118
• 30 Day Avg. Volume: 999,693
• PEG Ratio: 0.69
• Price to Book (P/B): 1.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.51
• Enterprise Value/Market Cap: 1.22
• Enterprise Value/Revenue: 0.78
• Enterprise Value/Gross Profit: 5.97
• Enterprise Value/Ebitda: 3.34
• 1Y Price Target: $121.91
• Price Target Upside: 33.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 68 Neutral
• Price Target: $100.00 ▲(9.22%Upside)

Pinnacle Financial Partners shows strong financial health and a positive outlook from recent corporate developments, such as the merger with Synovus. However, technical indicators suggest bearish momentum, which weighs down the overall score. The earnings call reflects growth potential, but macroeconomic risks remain a concern. Valuation is fair, with modest income returns.

Positive Factors

Earnings Performance

EPS of $1.86 topped estimates by 18 cents and consensus by 9 cents reflecting better revenues.

Loan Growth

The next 2-3 year outlook of above peer lender additions is expected to continue supporting notably above peer loan growth trend.

Negative Factors

Expense Growth

Expenses growth is likely to stay elevated, with the incentive compensation accrual up to 90% and likely more upcoming RM hires.

Revenue Guidance

The bottom line shows a revenue beat largely mitigated by weaker guidance and full valuation.

Pinnacle Financial Partners Business Overview & Revenue Model

Company Description

Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts. Its loan products include commercial loans, such as equipment and working capital loans; commercial real estate loans comprising investment properties and business loans secured by real estate; and loans to individuals consisting of secured and unsecured installment and term loans, lines of credit, residential first mortgage loans, and home equity loans and lines of credit, as well as provides credit cards for consumers and businesses. The company also offers various securities and other financial products; investment products; brokerage and investment advisory programs; and fiduciary and investment management services, such as personal trust, endowments, foundations, individual retirement accounts, pensions, and custody. In addition, it provides insurance agency services primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, and other middle-market advisory services. Further, the company offers treasury management, telephone and online banking, mobile banking, debit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. It serves individuals, small to medium-sized businesses, and professional entities. As of December 31, 2020, the company operated 114 offices, including 48 in Tennessee, 36 in North Carolina, 20 in South Carolina, 9 in Virginia, and 1 in Georgia. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee.

How the Company Makes Money

Pinnacle Financial Partners generates revenue primarily through interest income from loans and investment securities, as well as non-interest income from fees and service charges. The company offers a variety of lending products, including commercial and industrial loans, real estate loans, and consumer loans, which contribute significantly to its interest income. Non-interest income is derived from services such as wealth management, mortgage banking, and treasury management. Pinnacle also benefits from strategic partnerships and a robust network of financial advisors, which enhance its ability to cross-sell products and deepen client relationships, thereby boosting its overall earnings.

Pinnacle Financial Partners Financial Statement Overview

Summary

Pinnacle Financial Partners demonstrates strong financial health with solid profitability and efficient cash flow management. The conservative leverage and stable equity position reduce financial risk, although slight declines in some ratios indicate areas for improvement.

Income Statement

Pinnacle Financial Partners shows a solid financial performance with a healthy Gross Profit Margin of 50.83% in TTM (Trailing-Twelve-Months). The Net Profit Margin stands at 17.17%, indicating good profitability. Revenue growth has been steady, with a 15.61% increase from 2022 to 2023 and a modest 0.27% growth in TTM. The EBIT and EBITDA margins of 20.98% and 24.57% respectively in TTM indicate strong operational efficiency, although EBIT has slightly decreased compared to previous years.

Balance Sheet

The company's balance sheet is robust with an improving Equity Ratio of 12.06% in TTM, showing a stable financial structure. The Debt-to-Equity Ratio of 0.39 indicates a conservative leverage position, reducing financial risk. Return on Equity is strong at 7.51%, showcasing effective equity utilization. While the overall leverage is low, the slight decrease in Stockholders' Equity from prior periods requires monitoring.

Cash Flow

Cash flow generation is healthy, with Free Cash Flow of $584 million in TTM. However, Free Cash Flow has decreased compared to the prior period, suggesting potential fluctuations in cash generation. The Operating Cash Flow to Net Income Ratio is favorable at 1.39, indicating efficient conversion of income to cash. The Free Cash Flow to Net Income Ratio of 1.19 reflects good cash profitability, though it has declined slightly from previous years.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.85B	2.47B	1.55B	1.22B	1.20B
Gross Profit	1.40B	1.29B	1.24B	1.10B	796.05M
EBITDA	679.79M	792.70M	759.79M	705.16M	416.56M
Net Income	475.06M	562.15M	560.74M	527.32M	312.32M
Balance Sheet
Total Assets	52.59B	47.96B	41.97B	38.47B	34.93B
Cash, Cash Equivalents and Short-Term Investments	8.92B	6.46B	4.70B	8.93B	7.31B
Total Debt	2.53B	2.77B	1.08B	1.46B	1.89B
Total Liabilities	46.16B	41.92B	36.45B	33.16B	30.03B
Stockholders Equity	6.43B	6.04B	5.52B	5.31B	4.90B
Cash Flow
Free Cash Flow	807.29M	400.15M	540.58M	634.27M	386.99M
Operating Cash Flow	904.31M	478.40M	604.92M	657.44M	426.75M
Investing Cash Flow	-3.67B	-4.60B	-6.68B	-3.61B	-3.57B
Financing Cash Flow	3.97B	5.18B	3.16B	3.10B	6.58B

Pinnacle Financial Partners Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 91.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PNFP, the sentiment is Negative. The current price of 91.56 is below the 20-day moving average (MA) of 113.93, below the 50-day MA of 109.79, and below the 200-day MA of 110.74, indicating a bearish trend. The MACD of -1.38 indicates Positive momentum. The RSI at 23.42 is Positive, neither overbought nor oversold. The STOCH value of 6.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PNFP.

Pinnacle Financial Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WTFC	81 Outperform	$8.84B	12.49	11.60%	1.44%	4.30%	10.10%
CFR	78 Outperform	$8.67B	14.82	15.26%	2.85%	5.99%	7.75%
CMA	76 Outperform	$8.93B	13.07	11.07%	4.18%	-7.80%	15.43%
UMBF	72 Outperform	$8.21B	13.59	8.33%	1.47%	20.70%	5.69%
WAL	72 Outperform	$9.07B	10.81	12.58%	1.84%	7.06%	14.94%
PNFP	68 Neutral	$7.10B	12.14	9.32%	1.00%	10.19%	48.39%
Sector *	68 Neutral	$17.21B	11.20	9.71%	3.57%	11.12%	-4.52%

Pinnacle Financial Partners Corporate Events

Pinnacle Financial Partners Announces Merger with Synovus

On July 24, 2025, Pinnacle Financial Partners entered into a merger agreement with Synovus Financial Corp. and Steel Newco Inc., a newly formed corporation jointly owned by both companies. This merger will result in Pinnacle and Synovus merging into Newco, with Newco continuing as the surviving entity. The merger aims to enhance the companies’ market positioning and operational capabilities, with Pinnacle Bank becoming a member of the Federal Reserve System and subsequently merging with Synovus Bank. The merger agreement includes detailed provisions for stock conversion, board composition, and executive roles, with significant implications for the leadership structure and strategic direction of the newly formed entity.

The most recent analyst rating on (PNFP) stock is a Buy with a $115.00 price target. To see the full list of analyst forecasts on Pinnacle Financial Partners stock, see the PNFP Stock Forecast page.

Pinnacle Financial Partners Announces Merger with Synovus

On July 24, 2025, Pinnacle Financial Partners and Synovus Financial Corp. announced a merger agreement to create a new entity, Steel Newco Inc., which will become the largest bank holding company in Georgia and the largest bank in Tennessee. The merger, valued at $8.6 billion, is expected to enhance market positioning and shareholder value, with a focus on growth in the Southeast’s high-growth markets. The combined company will operate under the Pinnacle brand, with leadership from both firms, and is projected to significantly increase earnings per share by 2027. The merger is designed to maintain strong community ties and continue philanthropic efforts in the region.

The most recent analyst rating on (PNFP) stock is a Buy with a $115.00 price target. To see the full list of analyst forecasts on Pinnacle Financial Partners stock, see the PNFP Stock Forecast page.