속보 • May 15
Pinnacle Financial Partners Doubles Assets to US$123b After US$7.6b Synovus Merger Pinnacle Financial Partners completed its approximately US$7.6b merger with Synovus Financial Corp. on January 1, 2026, with the combined company operating under the Pinnacle name.
Preliminary purchase accounting includes about US$1.6b of goodwill and US$1.1b of identifiable intangibles, with merger-related expenses of US$275m recorded in Q1 2026.
The combined bank reported total assets of US$122.8b and deposits of US$100.1b at the end of Q1 2026. Q1 2026 net income was US$150m with diluted EPS of US$0.89, reflecting a higher share count.
This merger creates a much larger regional banking platform with aligned operations and capital structure, which increases the focus on how efficiently management can integrate systems, clients and cultures over the next few quarters.
Investors may want to watch future reports for trends in merger-related costs, any changes in credit quality, and whether earnings per share stabilize or shift as integration progresses. Major Estimate Revision • May 01
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from US$7.01 to US$7.72. Revenue forecast steady at US$5.08b. Net income forecast to grow 107% next year vs 13% growth forecast for Banks industry in the US. Consensus price target up from US$111 to US$116. Share price rose 2.9% to US$98.64 over the past week. Reported Earnings • Apr 24
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: US$0.89 (down from US$1.78 in 1Q 2025). Revenue: US$1.14b (up 156% from 1Q 2025). Net income: US$135.0m (down 1.2% from 1Q 2025). Profit margin: 12% (down from 31% in 1Q 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 9.6%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Declared Dividend • Apr 23
Fourth quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 1st May 2026 Payment date: 29th May 2026 Dividend yield will be 1.5%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (15% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공시 • Apr 21
Pinnacle Financial Partners, Inc. Announces Common Dividend, Payable on May 29, 2026 The board of directors of Pinnacle Financial Partners, Inc. approved the following dividends for holders of common stock: $0.50 per share on the firm’s common stock, payable on May 29, 2026, to shareholders of record as of May 1, 2026. 공시 • Apr 10
Pinnacle Financial Partners, Inc., Annual General Meeting, May 21, 2026 Pinnacle Financial Partners, Inc., Annual General Meeting, May 21, 2026. 공시 • Mar 24
Pinnacle Financial Partners, Inc. to Report Q1, 2026 Results on Apr 22, 2026 Pinnacle Financial Partners, Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 Reported Earnings • Mar 04
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: US$8.15 (up from US$6.01 in FY 2024). Revenue: US$1.95b (up 21% from FY 2024). Net income: US$626.7m (up 36% from FY 2024). Profit margin: 32% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Non-performing loans: 0.34% (down from 0.42% in FY 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Major Estimate Revision • Jan 30
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$4.92b to US$5.02b. EPS estimate increased from US$7.12 to US$7.96 per share. Net income forecast to grow 89% next year vs 16% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$116. Share price fell 2.0% to US$95.09 over the past week. Declared Dividend • Jan 29
Fourth quarter dividend increased to US$0.50 Dividend of US$0.50 is 108% higher than last year. Ex-date: 6th February 2026 Payment date: 27th February 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (13% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 2 years, which should provide support to the dividend and adequate earnings cover. 공시 • Jan 27
Pinnacle Financial Partners Announces Common Dividend, Payable on February 27, 2026 Pinnacle Financial Partners, Inc. announced that its Board of Directors has approved a $0.50 per share cash dividend to be paid on February 27, 2026, to common shareholders of record as of the close of business on February 6, 2026. Reported Earnings • Jan 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: US$8.15 (up from US$6.01 in FY 2024). Revenue: US$1.95b (up 21% from FY 2024). Net income: US$626.7m (up 36% from FY 2024). Profit margin: 32% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. 공시 • Jan 22
Pinnacle Financial Partners, Inc. Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2025 Pinnacle Financial Partners, Inc. reported net loan charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported net loan charge-offs of $27,011,000 against $20,807,000 a year ago. New Risk • Jan 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 97% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. 공시 • Dec 17
Pinnacle Financial Partners, Inc. to Report Q4, 2025 Results on Jan 21, 2026 Pinnacle Financial Partners, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Jan 21, 2026 공시 • Dec 03
Pinnacle Financial Partners and Synovus Financial Corp. Announce New Board and Executive Appointments Following Merger Pinnacle Financial Partners and Synovus Financial Corp. announced the composition of the board of directors for the combined company, which will include eight Pinnacle and seven Synovus directors, with six independent directors from each company. Terry Turner will serve as non-executive chair, and Tim Bentsen, Synovus director, will serve as lead director. Rob McCabe will serve as vice chair. The full list of directors is as anticipated as follows: Terry Turner, chair (Pinnacle); Kevin Blair, president and CEO (Synovus); Tim Bentsen, lead director (Synovus); Rob McCabe, vice chair (Pinnacle); Abney Boxley (Pinnacle); Gregory Burns (Pinnacle); Pedro Cherry (Synovus); Thomas Farnsworth (Pinnacle); David Ingram (Pinnacle); John Irby (Synovus); Decosta Jenkins (Pinnacle); Gregory Montana (Synovus); Barry Storey (Synovus); G. Kennedy Thompson (Pinnacle); Teresa White (Synovus). The merger has been approved by the boards of both companies and received shareholder and federal and state bank regulatory approvals. The deal is expected to close January 1, 2026, with full integration anticipated by 2027. Synovus locations will continue operating under that brand through 2026. New Risk • Nov 29
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$630k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Nov 29
Co-Founder & Chairman recently sold US$630k worth of stock On the 26th of November, Robert McCabe sold around 7k shares on-market at roughly US$93.00 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by US$17m. 공시 • Nov 26
Pinnacle and Synovus Receive Federal Bank Regulatory Approval to Combine The proposed combination of Pinnacle Financial Partners and Synovus Financial Corp. has received regulatory approval from the Board of Governors of the Federal Reserve System. With shareholders of each company approving the merger on November 6, 2025, Pinnacle and Synovus anticipate completing the merger Jan. 1, 2026, subject to satisfaction of the remaining customary closing conditions. Integration teams are working closely together toward closing with clear plans for how the firm will operate on Day One, while also building the blueprint for integration. Throughout 2026, team members will work to bring systems, processes and people under the Pinnacle brand. Full system and brand conversions are expected to take place in the first half of 2027. Until then, clients at both firms should see very little change in their day-to-day business, and Synovus locations will continue to operate under the Synovus brand. Declared Dividend • Oct 24
Third quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 7th November 2025 Payment date: 28th November 2025 Dividend yield will be 1.1%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (9% forecast payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Oct 23
Independent Director recently bought US$438k worth of stock On the 20th of October, G. Thompson bought around 5k shares on-market at roughly US$87.63 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$2.0m. Despite this recent purchase, insiders have collectively sold US$32m more in shares than they bought in the last 12 months. 공시 • Oct 22
Pinnacle Financial Partners, Inc. Approves Cash Dividend for the Third Quarter of 2025, Payable on November 28, 2025 Pinnacle Financial Partners, Inc. announced that its Board of Directors has approved a $0.24 per share cash dividend to be paid on November 28, 2025 to common shareholders of record as of the close of business on November 7, 2025. Reported Earnings • Oct 18
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$2.20 (up from US$1.87 in 3Q 2024). Revenue: US$512.9m (up 16% from 3Q 2024). Net income: US$169.3m (up 19% from 3Q 2024). Profit margin: 33% (in line with 3Q 2024). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. 공시 • Oct 16
Pinnacle Financial Partners, Inc. Announces Unaudited Net Loan Charge-Offs for the Third Quarter Ended September 30, 2025 Pinnacle Financial Partners, Inc. announced unaudited net loan charge-offs for the third quarter ended September 30, 2025. For the quarter, the company reported Net loan charge-offs of $16,788,000 against $18,348,000 a year ago. 공시 • Sep 16
Pinnacle Financial Partners, Inc. to Report Q3, 2025 Results on Oct 15, 2025 Pinnacle Financial Partners, Inc. announced that they will report Q3, 2025 results After-Market on Oct 15, 2025 공시 • Aug 22
Pinnacle Financial Partners, Inc. and Synovus Financial Corp. Announces Executive Leadership Team for Combined Company Pinnacle Financial Partners, Inc. and Synovus Financial Corp. have named the combined company’s expected executive leadership team in the next step to bringing together two of the top-performing regional banks. The merger between Pinnacle and Synovus is expected to close in the first quarter of 2026, at which time President and CEO Kevin Blair will be joined by an experienced team of leaders that draws from the best of both institutions. Upon closing, this team is expected to lead the firm’s most critical corporate functions to drive transformative growth, ignite innovation and shape the future of the combined company under the Pinnacle brand. Rob McCabe, Chief Banking Officer. Jamie Gregory, Chief Financial Officer. Zack Bishop, Chief Operating Officer. Shellie Creson, Chief Risk Officer. Allan Kamensky, Chief Legal Officer. Matt Paluch, Chief of Staff to Kevin Blair. Dana Sanders, Chief Audit Executive. Charissa Sumerlin, Chief Credit Officer. Jennifer Upshaw, Chief Administrative Officer. Liz Wolverton, Chief Digital and Product Solutions Officer. Summer Yeiser, Chief People Officer. Reporting to Blair, McCabe will lead revenue-producing units for the combined firm, including the previously announced geographic leaders and the team tasked with delivering exceptional service and advice to clients across the firm’s footprint while maintaining local relationship management and a geographic model. Wayne Akins – Wealth management, including trust and investment solutions; mortgage; and third-party payments. Rick Arthur – Consumer and small business banking, including specialty deposit offerings. Kevin Combs – Franchise; quick service restaurant; solar and alternative energy; and convenience and gas Industries. Tom Dierdorff – Banking and advisory solutions to financial institutions; technology, media and communications; and healthcare industries. Kris Foster – Equipment and aircraft finance; dealer industry banking. · Mike Hammontree – Commercial payments products and programs, including treasury management, merchant card services, international trade services and foreign exchange. Kevin Howard – Institutional commercial real estate lending, structured lending, government banking, senior housing and other specialty banking services. Andy Moats – Music, entertainment and sports banking. Dan Stubblefield– Organizational performance optimization. Upon closing, Pinnacle President and CEO Terry Turner will become non-executive chairman of the board of directors of Pinnacle with McCabe serving as vice chairman, ensuring a smooth transition. Their continued leadership of the combined company forms a deep connection to Pinnacle’s founding and the model that has made it one of the most highly regarded banks and bank stocks in the country. Both firms have established Integration Management Office teams to coordinate decisions and align priorities to build a strong, unified organization upon closing of the transaction. Upshaw and Arthur will lead these efforts for Synovus and Pinnacle, respectively, engaging teams from across both organizations to identify and execute top integration planning priorities. Recent Insider Transactions • Aug 06
Independent Director recently bought US$857k worth of stock On the 1st of August, G. Thompson bought around 10k shares on-market at roughly US$85.65 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$35m more in shares than they bought in the last 12 months. Price Target Changed • Jul 28
Price target decreased by 7.1% to US$122 Down from US$131, the current price target is an average from 12 analysts. New target price is 33% above last closing price of US$91.85. Stock is down 4.2% over the past year. The company is forecast to post earnings per share of US$7.85 for next year compared to US$6.01 last year. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to US$91.56, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 20% over the past three years. 공시 • Jul 25
Pinnacle Financial Partners, Inc. (NasdaqGS:PNFP) entered into a definitive agreement to acquire Synovus Financial Corp. (NYSE:SNV) for $7.8 billion. Pinnacle Financial Partners, Inc. (NasdaqGS:PNFP) entered into a definitive agreement to acquire Synovus Financial Corp. (NYSE:SNV) for $7.8 billion on July 24, 2025. The all-stock consideration represent a exchange ratio of 0.5237 per common equity of Synovus Financial Corp. This exchange ratio represents a Synovus per share value of $61.18. Synovus shareholders will own approximately 48.5% and Pinnacle shareholders will own approximately 51.5% of the combined company. The transaction is expected to be tax-free to shareholders of both companies. Buy side and sell side termination fee is $425 million.
The combined company, which will operate under the Pinnacle Financial Partners and Pinnacle Bank name and brand, will be led by a highly experienced team with a shared growth mindset. Kevin Blair will serve as President and Chief Executive Officer, Terry Turner will serve as Chairman of the Board of Directors, Jamie Gregory will serve as Chief Financial Officer, and Rob McCabe will become Vice Chairman and Chief Banking Officer of the combined company.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement Pinnacle and Synovus shareholders and board, authorization for listing on the New York Stock Exchange of the shares of Newco Common Stock and Newco Preferred Stock, effectiveness of the registration statement on Form S-4 and the satisfaction of other customary closing conditions. The deal has been unanimously approved by the board of directors of both Synovus and Pinnacle. The expected completion of the transaction is first quarter of 2026.
Centerview Partners LLC acted as financial advisor for Pinnacle Financial Partners, Inc. H. Rodgin Cohen and Mitchell S. Eitel of Sullivan & Cromwell LLP and Bass, Berry & Sims, PLC, acted as legal advisor for Pinnacle Financial Partners, Inc. Piper Sandler & Co. acted as financial advisor for Pinnacle Financial Partners, Inc. Morgan Stanley & Co. LLC acted as financial advisor for Synovus Financial Corp. Edward D. Herlihy and Brandon C. Price of Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor for Synovus Financial Corp. Keefe, Bruyette & Woods, Inc. acted as financial advisor for Synovus Financial Corp. Sullivan & Cromwell LLP has been assisted by Bass, Berry & Sims, PLC in the transaction. Declared Dividend • Jul 18
Second quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 1st August 2025 Payment date: 29th August 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (11% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jul 17
Price target increased by 7.5% to US$131 Up from US$122, the current price target is an average from 12 analysts. New target price is 11% above last closing price of US$119. Stock is up 27% over the past year. The company is forecast to post earnings per share of US$7.86 for next year compared to US$6.01 last year. Reported Earnings • Jul 16
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$2.01 (up from US$0.65 in 2Q 2024). Revenue: US$480.7m (up 43% from 2Q 2024). Net income: US$154.7m (up 213% from 2Q 2024). Profit margin: 32% (up from 15% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. 공시 • Jul 16
Pinnacle Financial Partners, Inc. Approves Quarterly Cash Dividend, Payable on August 29, 2025 On July 15, 2025, Pinnacle Financial's Board of Directors approved a quarterly cash dividend of $0.24 per common share to be paid on August 29, 2025 to common shareholders of record as of the close of business on August 1, 2025. 공시 • Jul 02
Pinnacle Financial Partners, Inc. to Report Q2, 2025 Results on Jul 15, 2025 Pinnacle Financial Partners, Inc. announced that they will report Q2, 2025 results After-Market on Jul 15, 2025 공시 • May 15
Pinnacle Financial Partners, Tarkenton Companies, and Gener8tor Launch Fintech Accelerator for Underrepresented Founders in Atlanta Pinnacle Financial Partners, Tarkenton Companies, and gener8tor are banding together to provide new business opportunities for underrepresented founders in the local financial community. The organizations are launching a startup accelerator with Pinnacle making the initial investment of $1 million. The announcement and check presentation will take place at the grand opening of the Pinnacle Economic Empowerment Resource (PEER) Center this May 15, 2025. Designed to supercharge innovation and entrepreneurship in the Southeast, gener8tor specifically supports those who have historically lacked access to capital, mentorship, and growth infrastructure. This powerful collaboration brings together three forces: an Atlanta business legend with a passion for entrepreneurs, one of the Southeast's fastest-growing banks known for its deep community investments, and an internationally respected accelerator program with a proven mentorship-driven model. The inaugural cohort will include five high-potential FinTech startups led by diverse founders solving real-world financial challenges. Participants will be selected for their vision, innovation, traction, and potential impact. Programming will be powered by gener8tor's nationally ranked model, which has helped accelerator alumni raise $2.4B+ and create more than 13,000 jobs. Foundation will work, learn, and network from the newly opened Pinnacle Economic Em power Resource (PEER) Center at 384 Northyards Blvd. NW--a hub for financial education and business support designed to uplift underserved communities. The accelerator kicks off in third quarter 2025. Applications for the inaugural five-company cohort open in June. Foundation can learn more and apply at Media are invited to tour the newly opened PEER Center and to speak to all involved on May 15th at 4PM. It is the top-ranked bank in the Nashville-Murfreesboro-Franklin MSA and No. 9 on FORTUNE's 2025 Best Companies to Work For®? list. With $54.3 billion in assets, Pinnacle operates across urban markets in the Southeast. Pinnacle expanded to Georgia in 2020 by hiring a team of local financial services professionals to start an office in Atlanta. The firm was named to the list of Best Places to Work in Atlanta, medium company category, four years in a row by the Atlanta Business Chronicle, including a No. 1 ranking in 2022 and No. 2 in 2023. Recent Insider Transactions • May 12
Co-Founder & Chairman recently sold US$5.3m worth of stock On the 7th of May, Robert McCabe sold around 51k shares on-market at roughly US$105 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by US$16m. Recent Insider Transactions Derivative • May 09
Co-Founder & Chairman notifies of intention to sell stock Robert McCabe intends to sell 51k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of May. If the sale is conducted around the recent share price of US$105, it would amount to US$5.3m. Since December 2024, Robert's direct individual holding has increased from 290.51k shares to 361.10k. Company insiders have collectively sold US$30m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Apr 19
First quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 2nd May 2025 Payment date: 30th May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (14% payout ratio) and is expected to be well covered in 3 years' time (11% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 16
First quarter 2025 earnings: EPS in line with expectations, revenues disappoint First quarter 2025 results: EPS: US$1.78 (up from US$1.58 in 1Q 2024). Revenue: US$445.9m (up 13% from 1Q 2024). Net income: US$136.6m (up 14% from 1Q 2024). Profit margin: 31% (in line with 1Q 2024). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. 공시 • Apr 16
Pinnacle Financial Partners, Inc. Approves Quarterly Cash Dividend for the First Quarter of 2025, Payable on May 30, 2025 Pinnacle Financial Partners, Inc. announced that its Board of Directors has approved a $0.24 per share cash dividend to be paid on May 30, 2025 to common shareholders of record as of the close of business on May 2, 2025. 공시 • Apr 15
Pinnacle Financial Partners, Inc. Announces Impairment Charges for the Three Months Ended March 31, 2025 Pinnacle Financial Partners, Inc. announced impairment charges for the three months ended March 31, 2025. For the period, the company announced net loan charge-offs of $13,992,000 compared to $16,215,000. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$87.19, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Banks industry in the US. Total returns to shareholders of 5.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$151 per share. 공시 • Apr 01
Pinnacle Financial Partners, Inc. to Report Q1, 2025 Results on Apr 14, 2025 Pinnacle Financial Partners, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 14, 2025 공시 • Mar 04
Pinnacle Financial Partners, Inc., Annual General Meeting, Apr 15, 2025 Pinnacle Financial Partners, Inc., Annual General Meeting, Apr 15, 2025. Location: our new offices on the 23rd floor of the pinnacle, at nashville yards at 21 platform way south, tennessee 37203, nashville United States Recent Insider Transactions • Feb 28
Co-Founder & Chairman recently sold US$4.6m worth of stock On the 24th of February, Robert McCabe sold around 40k shares on-market at roughly US$114 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$7.3m. Robert has been a net seller over the last 12 months, reducing personal holdings by US$20m. Recent Insider Transactions Derivative • Feb 27
President notifies of intention to sell stock Michael Turner intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of February. If the sale is conducted around the recent share price of US$113, it would amount to US$1.1m. For the year to December 2018, Michael's total compensation was 21% salary and 79% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Michael's direct individual holding has decreased from 325.84k shares to 261.11k. Company insiders have collectively sold US$41m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 11
Insider recently sold US$6.0m worth of stock On the 6th of February, David Ingram sold around 47k shares on-market at roughly US$127 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$7.3m. Insiders have been net sellers, collectively disposing of US$41m more than they bought in the last 12 months. Recent Insider Transactions • Feb 05
Insider recently sold US$7.3m worth of stock On the 31st of January, David Ingram sold around 58k shares on-market at roughly US$126 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$35m more than they bought in the last 12 months. Declared Dividend • Jan 24
Fourth quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 7th February 2025 Payment date: 28th February 2025 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 15%. Forecast payout ratio in 3 years: 10%. Reported Earnings • Jan 22
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: US$6.01 (down from US$7.20 in FY 2023). Revenue: US$1.62b (flat on FY 2023). Net income: US$459.9m (down 16% from FY 2023). Profit margin: 28% (down from 34% in FY 2023). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. 공시 • Jan 10
Pinnacle Financial Partners, Inc. to Report Q4, 2024 Results on Jan 21, 2025 Pinnacle Financial Partners, Inc. announced that they will report Q4, 2024 results After-Market on Jan 21, 2025 Price Target Changed • Dec 31
Price target increased by 7.2% to US$131 Up from US$122, the current price target is an average from 10 analysts. New target price is 15% above last closing price of US$114. Stock is up 31% over the past year. The company is forecast to post earnings per share of US$5.85 for next year compared to US$7.20 last year. Recent Insider Transactions • Dec 12
Co-Founder & Chairman recently sold US$6.2m worth of stock On the 6th of December, Robert McCabe sold around 50k shares on-market at roughly US$124 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by US$16m. Recent Insider Transactions Derivative • Dec 08
Co-Founder & Chairman notifies of intention to sell stock Robert McCabe intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of December. If the sale is conducted around the recent share price of US$124, it would amount to US$6.2m. Since December 2023, Robert's direct individual holding has decreased from 389.03k shares to 340.29k. Company insiders have collectively sold US$19m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Nov 19
Price target increased by 9.3% to US$117 Up from US$107, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of US$123. Stock is up 74% over the past year. The company is forecast to post earnings per share of US$5.86 for next year compared to US$7.20 last year. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$123, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$171 per share. Declared Dividend • Oct 18
Third quarter dividend of US$0.22 announced Dividend of US$0.22 is the same as last year. Ex-date: 1st November 2024 Payment date: 29th November 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (17% payout ratio) and is expected to be well covered in 3 years' time (11% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 53% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 16
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$1.87 (up from US$1.69 in 3Q 2023). Revenue: US$440.5m (up 16% from 3Q 2023). Net income: US$142.9m (up 11% from 3Q 2023). Profit margin: 32% (down from 34% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. 공시 • Oct 16
Pinnacle Financial Partners, Inc. Approves Quarterly Cash Dividend, Payable on Nov. 29, 2024 On Oct. 15, 2024, Pinnacle Financial's Board of Directors approved a quarterly cash dividend of $0.22 per common share to be paid on Nov. 29, 2024 to common shareholders of record as of the close of business on Nov. 1, 2024. 공시 • Oct 01
Pinnacle Financial Partners, Inc. to Report Q3, 2024 Results on Oct 15, 2024 Pinnacle Financial Partners, Inc. announced that they will report Q3, 2024 results After-Market on Oct 15, 2024 Major Estimate Revision • Jul 23
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$6.84 to US$5.87 per share. Revenue forecast steady at US$1.78b. Net income forecast to grow 36% next year vs 3.3% growth forecast for Banks industry in the US. Consensus price target up from US$94.33 to US$103. Share price rose 6.7% to US$94.67 over the past week. Declared Dividend • Jul 19
Second quarter dividend of US$0.22 announced Dividend of US$0.22 is the same as last year. Ex-date: 2nd August 2024 Payment date: 30th August 2024 Dividend yield will be 0.9%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (17% payout ratio) and is expected to be well covered in 3 years' time (10% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 109% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jul 18
Price target increased by 7.2% to US$102 Up from US$94.67, the current price target is an average from 12 analysts. New target price is 8.4% above last closing price of US$93.64. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$5.89 for next year compared to US$7.20 last year. Reported Earnings • Jul 17
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.65 (down from US$2.55 in 2Q 2023). Revenue: US$336.4m (down 27% from 2Q 2023). Net income: US$49.4m (down 75% from 2Q 2023). Profit margin: 15% (down from 42% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$88.73, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 9.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$169 per share. 공시 • Jul 04
Pinnacle Financial Partners, Inc. to Report Q2, 2024 Results on Jul 16, 2024 Pinnacle Financial Partners, Inc. announced that they will report Q2, 2024 results After-Market on Jul 16, 2024 
