Pinnacle Financial Partners (PNFP)
Market Price (12/24/2025): $101.45 | Market Cap: $7.8 BilSector: Financials | Industry: Regional Banks
Pinnacle Financial Partners (PNFP)
Market Price (12/24/2025): $101.45Market Cap: $7.8 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8%, FCF Yield is 13% | Weak multi-year price returns2Y Excs Rtn is -27%, 3Y Excs Rtn is -31% | Key risksPNFP key risks include [1] interest rate sensitivity impacting net interest margin and loan reinvestment rates, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -49% | Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 11% | |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 66%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 60% | ||
| Low stock price volatilityVol 12M is 36% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8%, FCF Yield is 13% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -49% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 66%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 60% |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Weak multi-year price returns2Y Excs Rtn is -27%, 3Y Excs Rtn is -31% |
| Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 11% |
| Key risksPNFP key risks include [1] interest rate sensitivity impacting net interest margin and loan reinvestment rates, Show more. |
Why The Stock Moved
Qualitative Assessment
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Following is an analysis of the key points for Pinnacle Financial Partners (PNFP) stock movement from approximately August 31, 2025, to December 24, 2025. **1. Pinnacle Financial Partners reported strong third-quarter 2025 earnings that surpassed Wall Street expectations.** The company announced its Q3 2025 financial results on October 15, 2025, revealing diluted earnings per share (EPS) of $2.19, or $2.27 excluding merger-related expenses, which beat analyst consensus estimates of $2.03 to $2.05 per share. Total revenues reached $544.8 million, exceeding analyst forecasts by approximately 4.7% to 4.8% and representing a 16.7% year-over-year increase. This robust financial performance likely contributed positively to investor confidence and the stock's valuation.**2. The impending merger with Synovus Financial Corp. positioned Pinnacle Financial Partners for future growth.** Announced as an all-stock transaction valued at $8.6 billion based on unaffected closing prices as of July 21, 2025, the merger with Synovus is anticipated to close in January 2026. The combined entity is expected to become a "Southeast Growth Champion," which could be seen as a strategic move to enhance market position and operational scale, generating positive sentiment among investors.
**3. Positive analyst ratings and upward revisions to price targets indicated a favorable outlook for PNFP.** Throughout late 2025, including December, several analyst firms maintained a "Moderate Buy" consensus rating for PNFP. The average 12-month target price ranged from approximately $110.62 to $113.46, suggesting a potential upside from current stock prices. Such endorsements from financial analysts often bolster investor confidence and can influence stock performance.
**4. The company demonstrated strong operational momentum through hiring and deposit growth.** In the third quarter of 2025, Pinnacle Financial Partners continued its strong hiring trend, adding 35 revenue producers, and experienced significant increases in both core deposits and noninterest-bearing deposits. This operational strength and growth in key banking metrics can signal a healthy business model and potential for sustained financial performance.
**5. Pinnacle Financial Partners' declaration of a cash dividend provided returns to shareholders.** On October 21, 2025, Pinnacle Financial Partners announced that its Board of Directors approved a $0.24 per share cash dividend to be paid on November 28, 2025. Consistent dividend payouts are often viewed favorably by investors, signaling financial stability and a commitment to shareholder returns. Show more
Stock Movement Drivers
Fundamental Drivers
The 6.8% change in PNFP stock from 9/23/2025 to 12/23/2025 was primarily driven by a 3.3% change in the company's Total Revenues ($ Mil).| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 94.81 | 101.25 | 6.79% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1683.63 | 1738.88 | 3.28% |
| Net Income Margin (%) | 35.45% | 35.85% | 1.11% |
| P/E Multiple | 12.21 | 12.49 | 2.28% |
| Shares Outstanding (Mil) | 76.89 | 76.90 | -0.02% |
| Cumulative Contribution | 6.79% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| PNFP | 6.8% | |
| Market (SPY) | 3.7% | 44.0% |
| Sector (XLF) | 3.1% | 73.6% |
Fundamental Drivers
The -6.2% change in PNFP stock from 6/24/2025 to 12/23/2025 was primarily driven by a -25.8% change in the company's P/E Multiple.| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 107.91 | 101.25 | -6.17% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1554.36 | 1738.88 | 11.87% |
| Net Income Margin (%) | 31.62% | 35.85% | 13.36% |
| P/E Multiple | 16.84 | 12.49 | -25.84% |
| Shares Outstanding (Mil) | 76.73 | 76.90 | -0.23% |
| Cumulative Contribution | -6.17% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| PNFP | -6.2% | |
| Market (SPY) | 13.7% | 32.7% |
| Sector (XLF) | 7.8% | 50.4% |
Fundamental Drivers
The -10.0% change in PNFP stock from 12/23/2024 to 12/23/2025 was primarily driven by a -39.3% change in the company's P/E Multiple.| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 112.56 | 101.25 | -10.05% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1422.65 | 1738.88 | 22.23% |
| Net Income Margin (%) | 29.44% | 35.85% | 21.78% |
| P/E Multiple | 20.57 | 12.49 | -39.27% |
| Shares Outstanding (Mil) | 76.52 | 76.90 | -0.50% |
| Cumulative Contribution | -10.05% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| PNFP | -10.0% | |
| Market (SPY) | 16.7% | 65.5% |
| Sector (XLF) | 15.7% | 71.1% |
Fundamental Drivers
The 42.3% change in PNFP stock from 12/24/2022 to 12/23/2025 was primarily driven by a 40.8% change in the company's Total Revenues ($ Mil).| 12242022 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 71.18 | 101.25 | 42.25% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1235.36 | 1738.88 | 40.76% |
| Net Income Margin (%) | 45.04% | 35.85% | -20.41% |
| P/E Multiple | 9.69 | 12.49 | 28.90% |
| Shares Outstanding (Mil) | 75.76 | 76.90 | -1.51% |
| Cumulative Contribution | 42.22% |
Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| PNFP | 19.4% | |
| Market (SPY) | 48.4% | 57.0% |
| Sector (XLF) | 52.3% | 72.6% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PNFP Return | 2% | 50% | -22% | 20% | 32% | -10% | 70% |
| Peers Return | -9% | 34% | 1% | -11% | 28% | 20% | 67% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| PNFP Win Rate | 50% | 67% | 67% | 50% | 67% | 50% | |
| Peers Win Rate | 53% | 72% | 55% | 42% | 63% | 58% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| PNFP Max Drawdown | -50% | -1% | -28% | -37% | -14% | -26% | |
| Peers Max Drawdown | -58% | -1% | -17% | -40% | -10% | -21% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: TFC, RF, FHN, SNV, SBCF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)
How Low Can It Go
| Event | PNFP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -58.2% | -25.4% |
| % Gain to Breakeven | 139.1% | 34.1% |
| Time to Breakeven | 552 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -50.1% | -33.9% |
| % Gain to Breakeven | 100.2% | 51.3% |
| Time to Breakeven | 275 days | 148 days |
| 2018 Correction | ||
| % Loss | -38.0% | -19.8% |
| % Gain to Breakeven | 61.4% | 24.7% |
| Time to Breakeven | 752 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -66.0% | -56.8% |
| % Gain to Breakeven | 193.9% | 131.3% |
| Time to Breakeven | 1,517 days | 1,480 days |
Compare to FHN, SSB, WTFC, CFR, PB
In The Past
Pinnacle Financial Partners's stock fell -58.2% during the 2022 Inflation Shock from a high on 1/14/2022. A -58.2% loss requires a 139.1% gain to breakeven.
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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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```htmlHere are 1-3 brief analogies for Pinnacle Financial Partners (PNFP):
- Pinnacle Financial Partners is like a boutique, client-focused Truist.
- Pinnacle Financial Partners is like a regional, relationship-driven JPMorgan Chase.
- Pinnacle Financial Partners is like a growing, relationship-focused U.S. Bancorp for the Southeast.
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```html- Lending Services: Pinnacle Financial Partners offers a variety of loan products, including commercial and industrial loans, real estate loans (residential and commercial mortgages), and consumer loans.
- Deposit Accounts: The company provides a range of deposit products such as checking accounts, savings accounts, money market accounts, and certificates of deposit for both individuals and businesses.
- Treasury Management: For businesses, Pinnacle offers comprehensive treasury management services, including cash management, payment processing, and fraud protection solutions.
- Wealth Management & Trust Services: They provide wealth management services, including investment advisory, financial planning, and trust administration, to assist clients with their financial goals.
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Pinnacle Financial Partners (symbol: PNFP) is a financial institution that provides a full range of banking, investment, trust, mortgage, and insurance products and services. As a bank, it serves a diverse client base rather than having a few "major customers" in the traditional sense. It caters to both businesses and individuals, and its customer base is best described by categories. Pinnacle Financial Partners primarily serves the following customer categories:- Businesses: This category includes small to medium-sized businesses, professional practices (such as medical, legal, and accounting firms), and commercial real estate investors and developers. Pinnacle offers these clients services such as commercial loans, lines of credit, treasury management, business deposit accounts, and equipment financing.
- Affluent Individuals and Families: Pinnacle Financial Partners targets individuals and families with significant financial assets. For this segment, the company provides a comprehensive suite of services including private banking, wealth management, trust services, personal lending, mortgage solutions, and investment advisory.
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- Fiserv, Inc. (FI)
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M. Terry Turner, President and Chief Executive Officer
M. Terry Turner is a co-founder of Pinnacle Financial Partners, established in 2000. Prior to co-founding Pinnacle, Mr. Turner held executive positions at First American Corporation, serving as President of the Investment Services Group from 1998 to 1999 and President of General Bank of First American National Bank from 1994 to 1998. His banking career began in 1979 at Park National Bank in Knoxville, which was subsequently acquired by First American National Bank in 1985. The acquisition of First American by AmSouth Bank in 1999 served as a catalyst for Mr. Turner, along with his colleagues, to form Pinnacle Financial Partners to compete against larger regional banks.
Harold R. Carpenter Jr., Chief Financial Officer
Harold R. Carpenter Jr. has served as the Chief Financial Officer of Pinnacle Financial Partners since 2000. Before joining Pinnacle, Mr. Carpenter worked at AmSouth Bancorporation from 1999 to 2000 and First American Corporation from 1994 to 1999, where he was the lead financial manager for operations across Tennessee, Mississippi, and Louisiana. He joined First American in 1998 during its merger with Deposit Guaranty Corporation, where he had spent four years as chief financial manager of its business units. His earlier experience includes serving as controller for Commerce National Corporation, which was acquired by Deposit Guaranty, and as a senior manager at KPMG Peat Marwick from 1982 to 1994.
Robert A. McCabe, Jr., Chairman
Robert A. McCabe, Jr. is a co-founder of Pinnacle Financial Partners and has served as its Chairman since 2000. Before co-founding Pinnacle, Mr. McCabe was the Vice Chairman of First American Corporation from 1994 to 1999. His roles at First American also included President of Corporate Banking and General Banking divisions from 1991 to 1994, and President and Chief Operating Officer from 1987 to 1991. Mr. McCabe started his banking career in 1976 at Park National Bank in Knoxville. He has served on the boards of six public companies and was Chairman and Director of Goldleaf Financial Solutions, Inc. The merger of First American with AmSouth in 1999 was a significant event that led to the formation of Pinnacle.
Randall L. Withrow, Chief Solutions Officer, Executive Vice President - Bank Operations, Chief Information Officer
Randall L. Withrow holds the titles of Chief Solutions Officer, Chief Information Officer, and Executive Vice President of Bank Operations at Pinnacle Financial Partners. His prior roles at Pinnacle included Information Services Manager. Before joining Pinnacle, he held various positions at First American and, earlier, at First Bank & Trust Company.
Dana M. Sanders, Chief Audit Executive
Dana M. Sanders is a member of Pinnacle Financial Partners' Senior Leadership Team. She is identified as the Chief Audit Executive.
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The key risks to Pinnacle Financial Partners' (PNFP) business are primarily associated with the dynamic nature of the financial services industry and macroeconomic factors:
- Interest Rate Fluctuations: As a financial institution, Pinnacle Financial Partners' profitability is highly sensitive to changes in interest rates. Significant shifts in interest rates, particularly unanticipated cuts by the Federal Reserve, could impact the rates at which maturing loans are reinvested, potentially leading to lower target renewal rates and affecting net interest margin. While the firm has reduced its interest rate sensitivity, this remains a material risk.
- Credit Risk and Loan Losses: A fundamental risk for any bank is the potential for unanticipated deterioration in the financial condition of borrowers. This can result in significant increases in loan losses and the need for larger provisions for those losses, directly impacting the company's profitability and asset quality.
- Regulatory and Legislative Changes: The financial services industry is subject to extensive regulation at both state and federal levels. Changes in laws, regulations, or governmental policies, including increased regulatory oversight and examinations, can lead to higher compliance costs, restrictions on business activities, and potential adverse outcomes from regulatory actions or litigation.
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The primary clear emerging threat for Pinnacle Financial Partners is the increasing disintermediation and competition from financial technology (fintech) companies and large technology (Big Tech) firms. These entities leverage advanced digital platforms, data analytics, and often lower overhead to offer more convenient, faster, and sometimes lower-cost alternatives across various banking services, including payments, lending, and wealth management. This trend poses a threat by eroding traditional customer relationships, capturing market share, and raising customer expectations for digital experiences, thereby challenging the competitive advantage of traditional regional banks.
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Pinnacle Financial Partners (NASDAQ: PNFP) primarily offers banking, investment, trust, mortgage, and insurance products and services to businesses, their owners, and individuals within the Southeastern and Mid-Atlantic regions of the United States.
The addressable markets for Pinnacle Financial Partners' main products and services are sized for the U.S. market as follows:
- Commercial Banking: The U.S. commercial banking market size is estimated at approximately $732.5 billion in 2025 and is projected to reach $915.45 billion by 2030.
- Retail Banking: The U.S. retail banking market is valued at $0.87 trillion (or $870 billion) in 2025 and is anticipated to grow to $1.08 trillion by 2030.
- Wealth Management: The wealth management market in North America, which includes a significant portion of the U.S., accounted for $937.45 billion in 2023. Globally, the wealth management market was approximately $1,636.83 billion in 2024, with North America contributing about two-thirds of the total market revenue in 2022.
- Mortgage Lending: The U.S. home loan market reached approximately $2.29 trillion in 2025 and is forecasted to grow to $3.02 trillion by 2030.
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Pinnacle Financial Partners (PNFP) is expected to drive future revenue growth over the next two to three years through several key strategies:
- Loan and Deposit Growth: The company anticipates continued strong loan growth, specifically highlighting commercial and industrial (C&I) and owner-occupied commercial real estate portfolios. Pinnacle Financial Partners expects an end-of-period loan growth outlook of 9% to 10% for 2025. Additionally, there is a consistent focus on growing core deposits, with core deposits increasing by over $2.0 billion in 2024 and an estimated growth range of 8-10% for 2025.
- Strategic Market Expansion and Hiring of Revenue Producers: Investments in new markets and successful recruitment and retention of "revenue producers" are identified as crucial building blocks for future growth. This strategy is enabling organic balance sheet growth and is expected to underpin continued momentum.
- Growth in Wealth Management Revenues: Pinnacle Financial Partners has experienced significant year-over-year increases in wealth management revenues, which include investment, trust, and insurance services. This growth is primarily attributed to increased capacity from more revenue producers and their strategic placement in new markets.
- Contribution from BHG Financial: The firm's investment in Banker's Healthcare Group (BHG) Financial is a substantial driver of non-interest income. BHG Financial is anticipated to have strong earnings growth in 2025, with estimates ranging from approximately 85% to 90% growth over 2024 results, significantly contributing to Pinnacle's non-interest income.
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Share Repurchases
- In January 2025, Pinnacle Financial Partners' board of directors approved a share repurchase program for up to $125.0 million of its common stock, set to expire by March 31, 2026.
- A similar $125.0 million share repurchase program authorized in January 2024, and scheduled to expire on March 31, 2025, did not result in any shares being repurchased during 2024.
Share Issuance
- Pinnacle Financial Partners has entered into an all-stock definitive agreement to merge with Synovus Financial Corp., valued at $8.6 billion. Post-merger, Synovus shareholders will own approximately 48.5% of the new combined company, effectively representing a significant issuance of shares in the context of this strategic combination.
- The number of common shares outstanding increased from 76,107,958 as of July 30, 2021, to 77,366,731 as of February 20, 2025.
- Common stock is issued periodically pursuant to restricted stock unit (RSU) and performance stock unit (PSU) agreements.
Inbound Investments
- The most substantial inbound investment is the proposed all-stock merger with Synovus Financial Corp., valued at $8.6 billion, where Synovus is combining with Pinnacle to create a larger regional bank.
- During the second quarter of 2025, institutional investors such as Campbell & CO Investment Adviser LLC, Ameritas Advisory Services LLC, True Wealth Design LLC, and SVB Wealth LLC acquired new or increased their positions in Pinnacle Financial Partners' shares.
- In the first quarter of 2025, Goldman Sachs increased its stake in PNFP by 6.2%.
Outbound Investments
- The company's primary strategic "outbound investment" is its all-stock merger agreement with Synovus Financial Corp., aiming to create a combined entity with approximately $115 billion in assets.
- PNFP Capital Markets, Inc., a subsidiary, expanded its activities in 2024 to include participation in underwritten public offerings of debt and equity securities.
- Pinnacle actively invests in expanding its presence in high-growth markets across the Southeast by hiring experienced financial professionals and opening new locations, such as a de novo branch in Richmond, VA, in Q2 2025.
Capital Expenditures
- Pinnacle Financial Partners expects approximately $47 million in capital expenditures related to the relocation of its headquarters in early 2025, with $39.9 million already incurred as of December 31, 2024.
- The company's capital expenditures also include investments in expanding its branch and non-branch locations.
- In 2024, the firm provided $301 million in long-term financing through its Solar Capital Advisory unit, directing investments and lending to the solar industry.
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Trade Ideas
Select ideas related to PNFP. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.4% | 12.4% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -0.5% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.4% | -5.4% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.1% | 7.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.5% | -11.5% | -12.1% |
| 12312024 | PNFP | Pinnacle Financial Partners | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 0.3% | -10.6% | -25.7% |
Research & Analysis
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Peer Comparisons for Pinnacle Financial Partners
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 41.47 |
| Mkt Cap | 10.1 |
| Rev LTM | 2,760 |
| Op Inc LTM | - |
| FCF LTM | 858 |
| FCF 3Y Avg | 950 |
| CFO LTM | 922 |
| CFO 3Y Avg | 988 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.1% |
| Rev Chg 3Y Avg | 4.1% |
| Rev Chg Q | 11.8% |
| QoQ Delta Rev Chg LTM | 2.9% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 30.2% |
| CFO/Rev 3Y Avg | 36.3% |
| FCF/Rev LTM | 28.9% |
| FCF/Rev 3Y Avg | 35.5% |
Price Behavior
Price Behavior
| Market Price | $101.25 | |
| Market Cap ($ Bil) | 7.8 | |
| First Trading Date | 08/22/2000 | |
| Distance from 52W High | -18.9% | |
| 50 Days | 200 Days | |
| DMA Price | $91.17 | $98.33 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 11.1% | 3.0% |
| 3M | 1YR | |
| Volatility | 28.7% | 36.0% |
| Downside Capture | 68.74 | 122.86 |
| Upside Capture | 87.93 | 93.92 |
| Correlation (SPY) | 44.3% | 65.5% |
PNFP Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.79 | 1.10 | 1.00 | 1.14 | 1.23 | 1.38 |
| Up Beta | -0.17 | 0.79 | 1.08 | 1.93 | 1.13 | 1.28 |
| Down Beta | 1.22 | 1.80 | 1.70 | 1.46 | 1.49 | 1.53 |
| Up Capture | 165% | 73% | 38% | 34% | 83% | 208% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 13 | 22 | 33 | 68 | 132 | 391 |
| Down Capture | 60% | 104% | 91% | 113% | 120% | 108% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 6 | 19 | 29 | 57 | 116 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of PNFP With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| PNFP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -7.9% | 18.1% | 18.8% | 72.9% | 9.0% | 3.7% | -11.4% |
| Annualized Volatility | 35.9% | 19.0% | 19.5% | 19.2% | 15.3% | 17.2% | 35.0% |
| Sharpe Ratio | -0.16 | 0.74 | 0.76 | 2.72 | 0.36 | 0.05 | -0.14 |
| Correlation With Other Assets | 71.0% | 65.5% | -1.1% | 27.7% | 51.5% | 22.3% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of PNFP With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| PNFP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.4% | 16.2% | 14.8% | 18.9% | 11.8% | 4.7% | 35.5% |
| Annualized Volatility | 36.2% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 0.39 | 0.71 | 0.70 | 0.98 | 0.51 | 0.16 | 0.62 |
| Correlation With Other Assets | 72.8% | 57.2% | 0.0% | 18.0% | 50.0% | 22.7% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of PNFP With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| PNFP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 8.0% | 13.1% | 14.8% | 15.1% | 6.8% | 5.4% | 69.1% |
| Annualized Volatility | 37.3% | 22.3% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.32 | 0.55 | 0.71 | 0.85 | 0.31 | 0.23 | 0.90 |
| Correlation With Other Assets | 76.9% | 60.2% | -7.4% | 25.2% | 52.6% | 14.0% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/16/2025 | 2.7% | 2.6% | 5.5% |
| 7/16/2025 | 2.0% | -8.2% | -19.6% |
| 4/15/2025 | 0.4% | 3.7% | 17.8% |
| 1/21/2025 | 1.5% | 3.6% | -1.4% |
| 10/16/2024 | 0.9% | -3.4% | 17.3% |
| 7/17/2024 | -0.4% | 0.2% | -4.5% |
| 4/23/2024 | 2.0% | -5.7% | 0.5% |
| 1/16/2024 | 0.5% | 5.4% | -0.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 18 | 15 | 16 |
| # Negative | 6 | 9 | 8 |
| Median Positive | 2.4% | 3.6% | 6.1% |
| Median Negative | -2.4% | -7.5% | -5.4% |
| Max Positive | 7.9% | 11.2% | 27.6% |
| Max Negative | -6.1% | -11.9% | -19.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11042025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 2252025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8072024 | 10-Q 6/30/2024 |
| 3312024 | 5102024 | 10-Q 3/31/2024 |
| 12312023 | 2262024 | 10-K 12/31/2023 |
| 9302023 | 11032023 | 10-Q 9/30/2023 |
| 6302023 | 8042023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 2282023 | 10-K 12/31/2022 |
| 9302022 | 11042022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-Q 6/30/2022 |
| 3312022 | 5062022 | 10-Q 3/31/2022 |
| 12312021 | 2282022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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