PNFP Stock - Pinnacle Financial Partners, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.85B | $2.47B | $1.55B | $1.22B | $1.20B |
| Gross Profit | $1.40B | $1.29B | $1.24B | $1.10B | $796.05M |
| Gross Margin | 49.1% | 52.1% | 79.8% | 90.5% | 66.4% |
| Operating Income | $581.21M | $714.01M | $697.49M | $651.90M | $371.36M |
| Net Income | $475.06M | $562.15M | $560.74M | $527.32M | $312.32M |
| Net Margin | 16.6% | 22.7% | 36.2% | 43.4% | 26.0% |
| EPS | $6.01 | $7.20 | $7.20 | $6.79 | $4.04 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 11th 2025 | Raymond James | Upgrade | Strong Buy | $120 |
| December 8th 2025 | BofA Securities | Initiation | Buy | $113 |
| October 17th 2025 | Hovde Group | Upgrade | Outperform | $106 |
| September 25th 2025 | TD Cowen | Initiation | Buy | $122 |
| May 21st 2025 | Jefferies | Initiation | Buy | $135 |
| May 13th 2025 | Truist | Initiation | Buy | $123 |
| April 16th 2025 | Hovde Group | Upgrade | Outperform | $111 |
| December 19th 2024 | Barclays | Upgrade | Overweight | $135← $120 |
| December 17th 2024 | UBS | Resumed | Neutral | - |
| December 4th 2024 | Keefe Bruyette | Downgrade | Market Perform | $135← $115 |
| November 18th 2024 | Hovde Group | Downgrade | Market Perform | $135 |
| October 1st 2024 | Wells Fargo | Downgrade | Equal Weight | $100 |
| September 27th 2024 | Hovde Group | Reiterated | Outperform | $114← $110 |
| July 18th 2024 | Piper Sandler | Downgrade | Neutral | $98← $95 |
| April 23rd 2024 | Hovde Group | Reiterated | Outperform | $99← $104 |
Earnings History & Surprises
PNFPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 13, 2026 | — | — | — | — |
Q1 2026 | Jan 21, 2026 | $2.26 | — | — | — |
Q4 2025 | Oct 15, 2025 | $2.05 | $2.27 | +10.7% | ✓ BEAT |
Q3 2025 | Jul 15, 2025 | $1.92 | $2.00 | +4.2% | ✓ BEAT |
Q2 2025 | Apr 14, 2025 | $1.80 | $1.90 | +5.6% | ✓ BEAT |
Q1 2025 | Jan 21, 2025 | $1.80 | $1.90 | +5.6% | ✓ BEAT |
Q4 2024 | Oct 15, 2024 | $1.77 | $1.86 | +5.1% | ✓ BEAT |
Q3 2024 | Jul 16, 2024 | $1.61 | $1.63 | +1.2% | ✓ BEAT |
Q2 2024 | Apr 22, 2024 | $1.54 | $1.54 | 0.0% | = MET |
Q1 2024 | Jan 16, 2024 | $1.65 | $1.68 | +1.8% | ✓ BEAT |
Q4 2023 | Oct 17, 2023 | $1.71 | $1.69 | -1.2% | ✗ MISS |
Q3 2023 | Jul 18, 2023 | $1.63 | $1.79 | +9.8% | ✓ BEAT |
Q2 2023 | Apr 17, 2023 | $1.72 | $1.76 | +2.3% | ✓ BEAT |
Q1 2023 | Jan 17, 2023 | $2.04 | $1.76 | -13.7% | ✗ MISS |
Q4 2022 | Oct 18, 2022 | $1.89 | $1.91 | +1.1% | ✓ BEAT |
Q3 2022 | Jul 19, 2022 | $1.67 | $1.86 | +11.4% | ✓ BEAT |
Q2 2022 | Apr 18, 2022 | $1.57 | $1.65 | +5.1% | ✓ BEAT |
Q1 2022 | Jan 18, 2022 | $1.58 | $1.71 | +8.2% | ✓ BEAT |
Q4 2021 | Oct 12, 2021 | $1.55 | $1.75 | +12.9% | ✓ BEAT |
Q3 2021 | Jul 20, 2021 | $1.45 | $1.69 | +16.6% | ✓ BEAT |
Latest News
JP Morgan Maintains Overweight on Pinnacle Finl Partners, Raises Price Target to $125
📈 PositiveB of A Securities Initiates Coverage On Pinnacle Finl Partners with Buy Rating, Announces Price Target of $113
📈 PositiveReported Earlier, The Proposed Combination Of Pinnacle Financial Partners And Synovus Financial Received Regulatory Approval From The Board Of Governors Of The Federal Reserve System
📈 PositivePinnacle Financial Partners, Synovus Financial Shareholders Approve Business Combination
📈 PositiveUBS Maintains Neutral on Pinnacle Finl Partners, Lowers Price Target to $95
➖ NeutralHovde Group Upgrades Pinnacle Finl Partners to Outperform
📈 PositiveTruist Securities Maintains Buy on Pinnacle Finl Partners, Lowers Price Target to $105
📈 PositiveWells Fargo Maintains Equal-Weight on Pinnacle Finl Partners, Lowers Price Target to $100
➖ NeutralStephens & Co. Maintains Equal-Weight on Pinnacle Finl Partners, Lowers Price Target to $97
➖ NeutralPinnacle Finl Partners Q3 Adj. EPS $2.27 Beats $2.05 Estimate, Sales $544.803M Beat $526.302M Estimate
📈 PositiveTD Cowen Initiates Coverage On Pinnacle Finl Partners with Buy Rating, Announces Price Target of $122
📈 PositiveTruist Securities Maintains Buy on Pinnacle Finl Partners, Lowers Price Target to $107
📈 PositiveUBS Maintains Neutral on Pinnacle Finl Partners, Lowers Price Target to $108
➖ NeutralPinnacle Financial Partners And Synovus Announce Executive Leadership Team For Combined Company; Named Jamie Gregory, Chief Financial Officer Of Combined Co
➖ NeutralPinnacle Financial, Qifu, eToro, Galaxy log biggest weekly swings: financials wrap
➖ NeutralPinnacle Financial, Synovus to combine in deal value at $8.6B
➖ NeutralFrequently Asked Questions about PNFP
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