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PNFPP

Pinnacle Financial Partners, Inc.

PNFPP

Pinnacle Financial Partners, Inc. • NASDAQ
$25.00 ▼ -0.12% (-0.03)
Market Cap $1.92 B
52w High $25.89
52w Low $23.68
Dividend Yield 1.69%
P/E 3.68
Volume 5.45K
Outstanding Shares 76.92M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $544.803M ▼ $303.139M ▲ $173.366M ▲ 31.822% ▲ $2.2 ▲ $211.123M ▼
Q2-2025 $820.227M ▲ $286.446M ▲ $158.54M ▲ 19.329% ▼ $2.01 ▲ $222.157M ▲
Q1-2025 $711.132M ▼ $220.033M ▲ $140.408M ▼ 19.744% ▼ $1.78 ▼ $197.687M ▼
Q4-2024 $745.526M ▼ $211.518M ▲ $151.259M ▲ 20.289% ▲ $1.93 ▲ $209.691M ▲
Q3-2024 $751.238M $200.45M $146.691M 19.527% $1.87 $206.222M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $9.677B ▲ $55.964B ▲ $49.107B ▲ $6.856B ▲
Q2-2025 $9.369B ▲ $54.801B ▲ $48.164B ▲ $6.637B ▲
Q1-2025 $6.281B ▼ $54.255B ▲ $47.712B ▲ $6.543B ▲
Q4-2024 $8.925B ▲ $52.589B ▲ $46.158B ▲ $6.432B ▲
Q3-2024 $8.03B $50.702B $44.358B $6.344B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $173.136M ▲ $403.25M ▲ $-898.894M ▲ $771.25M ▲ $275.606M ▲ $442.634M ▲
Q2-2025 $158.54M ▲ $261.732M ▲ $-1.525B ▼ $374.673M ▼ $-888.735M ▼ $243.693M ▲
Q1-2025 $140.408M ▼ $-21.691M ▼ $-1.164B ▲ $1.629B ▼ $442.814M ▼ $-43.036M ▼
Q4-2024 $151.259M ▲ $499.945M ▲ $-1.534B ▼ $1.637B ▲ $602.761M ▲ $472.472M ▲
Q3-2024 $146.691M $121.386M $-822.647M $1.157B $455.247M $96.048M

Five-Year Company Overview

Income Statement

Income Statement Pinnacle’s revenue has grown steadily over the past five years, showing that the core banking and fee businesses are still attracting clients and assets. Profitability, however, has come under some pressure more recently. Earnings are no longer rising in line with revenue, suggesting higher funding costs, a tougher interest-rate environment, or heavier expense growth. The bank is still clearly profitable, but the trend has shifted from “rapid growth on all fronts” to “solid growth with tighter margins,” which is important to watch in a cyclical industry like regional banking.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully, with total assets climbing each year, consistent with an actively growing regional bank. Equity has also grown, which indicates that profits have generally been retained and capital levels have been strengthened over time. Cash levels are healthier now than a few years ago, which provides more flexibility and a cushion in a volatile rate or credit environment. Borrowings are present but not exploding, so leverage does not appear to be racing ahead of growth. Overall, the balance sheet shows a bank that has scaled up while still adding to its capital base, though rapid growth always brings some credit and integration risk that bears attention.

Cash Flow

Cash Flow Underlying cash generation looks solid and has improved in the most recent year. Operating cash flow has moved up nicely, and after relatively modest spending on technology and physical infrastructure, there is still a comfortable level of free cash being produced. Capital spending is rising but remains very manageable compared with the cash coming in. This pattern—strong operating cash, consistent positive free cash flow, and disciplined investment—supports ongoing growth and balance-sheet strengthening, provided credit quality remains controlled.

Competitive Edge

Competitive Edge Pinnacle sits in the regional bank space but differentiates itself less by raw scale and more by its service model and culture. It combines a community-bank feel—local decision-making, high-touch relationships, and strong community presence—with more sophisticated products and technology usually associated with larger institutions. The bank has developed depth in select niches such as healthcare lending and certain entertainment sectors, which can support richer client relationships and fee income. The planned merger with Synovus could elevate its regional footprint and relevance significantly, but also introduces integration, culture, and execution risk. Overall, Pinnacle’s edge is in people, relationships, and tailored solutions rather than in being the lowest-cost or most tech-heavy player.

Innovation and R&D

Innovation and R&D While not a classic fintech disruptor, Pinnacle has been steadily modernizing its digital capabilities and using technology to amplify its relationship model. It offers full-featured online and mobile services, advanced treasury tools for businesses, and selectively partners with established technology vendors rather than trying to build everything in-house. The fintech accelerator partnership is a notable move: it gives the bank front-row access to emerging payment and banking tools, especially for small businesses and digital creators, and could feed future product innovation. The bank is experimenting with newer technologies such as AI, blockchain, and alternative lending platforms, but in a measured, partnership-driven way rather than through heavy internal R&D. The key question is how well these initiatives translate into better client experience and efficiency at larger scale, especially after the Synovus merger.

Summary

Pinnacle Financial Partners has grown from a smaller regional player into a sizeable relationship-focused bank with a reputation for strong culture and client service. Revenues and assets have risen steadily, capital has built up, and cash generation is robust, though recent earnings per share have softened as growth has become more expensive and the rate environment more demanding. The bank’s main strengths are its people, service model, and targeted industry expertise, supported by competent but not flashy technology. Ongoing digital investments and the fintech accelerator suggest a thoughtful, partnership-based approach to innovation. The upcoming combination with Synovus could be transformative, potentially enhancing scale and reach but also raising the stakes on integration and cultural preservation. Overall, Pinnacle looks like a bank moving from fast-growing niche player to larger regional platform, with all the opportunities and execution challenges that shift implies.