Forward Looking Statements All statements, other than statements of historical fact, included in this presentation, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "expect," "aim," "anticipate," "intend," "may," "should," "plan," "looking for," "believe," "seek," "estimate" and similar expressions are intended to identify such forward-looking ...

Financial Data and Key Metrics Changes - Pinnacle Financial Partners reported a 14.2% revenue growth in Q1 2025 compared to Q1 2024, continuing a double-digit growth trajectory with a 10.1% CAGR over the last four years [15][16] - Adjusted EPS grew by 24.2% in Q1 2025 over Q1 2024, while tangible book value per share increased by 10.6% in the same period [16][16] - The company maintained a net interest margin (NIM) of 3.21%, with expectations for it to remain flat with some upward bias in Q2 2025 [42][42] Business Line Data and Key Metrics Changes - End-of-period loans increased by 7.3% on a quarter annualized basis, driven by new markets and recruited bankers [35][36] - Deposit growth was a highlight, with an increase of $1.6 billion in Q1 2025, following a $1.9 billion increase in the previous quarter [39][39] - The company anticipates total deposit growth of 7% to 10% for 2025, despite expecting a slowdown in Q2 due to seasonal factors [40][40] Market Data and Key Metrics Changes - The company has reduced its concentration in commercial real estate, which has impacted loan growth but has allowed for a focus on C&I loan growth [30][25] - The average years of experience for newly hired revenue producers is 18 years, contributing to high-quality loan growth [26][28] Company Strategy and Development Direction - Pinnacle's strategy focuses on continuously attracting top bankers and enabling them to consolidate their client relationships, which is seen as a sustainable growth model [18][23] - The company aims to maintain its unique work environment and culture, which has been recognized as one of the best workplaces in America [31][32] - The management emphasizes a market share takeaway strategy that is less reliant on overall economic growth [22][25] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current economic volatility but remains confident in the company's ability to grow and produce shareholder value [13][34] - The outlook for 2025 includes expectations for client balance sheet growth consistent with prior guidance, despite uncertainties in the broader economy [34][34] - The company is monitoring potential impacts from tariffs and trade wars on its portfolio, particularly in sectors like trucking and multifamily [111][114] Other Important Information - The company reported a decrease in net charge-offs to 16 basis points in Q1 2025, with expectations for charge-offs to remain around 16 to 20 basis points for the year [45][45] - BHG had a strong quarter, providing fee revenues of over $20 million, leading to an upward revision of earnings estimates for 2025 from 10% growth to 20% growth over 2024 [50][51] Q&A Session Summary Question: Did you change the baseline assumption under CECL for calculating the reserves? - The company kept the baseline unchanged but used an adverse scenario to influence qualitative assumptions [62] Question: Is the growth or higher target for BHG dependent on continued securitizations? - BHG has plenty of room through the bank channel and plans for another ABS issuance towards the end of the year [64] Question: What are the expectations for deposit growth in Q2? - April is traditionally a tough month for deposit growth, but the company believes it has advantages in deposit pricing [72] Question: How does the company view the current loan pricing environment? - The company is not overly concerned about volume but is more focused on the pricing aspect of loans [76] Question: What areas are credit officers focusing on regarding tariffs and trade wars? - Credit officers are focused on trucking, multifamily, and leveraged lending to assess potential impacts [111] Question: What is the outlook for capital ratios given the growth outlook? - The company has not set a specific floor for CET1 but aims to maintain stability in risk-based capital ratios [134]

Core Insights - Pinnacle Financial reported revenue of $462.85 million for the quarter ended March 2025, reflecting an 8.1% increase year-over-year, but fell short of the Zacks Consensus Estimate of $478.5 million by 3.27% [1] - The company's EPS was $1.90, up from $1.53 in the same quarter last year, exceeding the consensus estimate of $1.82 by 4.40% [1] Financial Performance Metrics - Net Interest Margin stood at 3.2%, matching the average estimate of three analysts [4] - Efficiency Ratio was reported at 59.5%, higher than the estimated 55.5% by three analysts [4] - Nonaccrual loans totaled $171.57 million, exceeding the average estimate of $157.20 million from two analysts [4] - Annualized net loan charge-offs to average loans were 0.2%, consistent with the average estimate of 0.2% from two analysts [4] - Average balances of total interest-earning assets were $47.68 billion, slightly above the average estimate of $47.63 billion [4] - Total nonperforming assets reached $175.23 million, surpassing the average estimate of $158.91 million from two analysts [4] - Net Interest Income was $364.43 million, close to the average estimate of $365.05 million based on three analysts [4] - Total noninterest income was reported at $98.43 million, below the average estimate of $113.42 million from three analysts [4] - Gains on mortgage loans sold, net, were $2.51 million, slightly lower than the average estimate of $2.65 million from two analysts [4] Stock Performance - Pinnacle Financial's shares have returned -12.4% over the past month, compared to a -3.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Pinnacle Financial (PNFP) came out with quarterly earnings of $1.90 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $1.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.40%. A quarter ago, it was expected that this regional bank operator would post earnings of $1.80 per share when it actually produced earnings of $1.90, delivering a surprise of 5.56%.Over the last four quarte ...

FOR IMMEDIATE RELEASE WEBSITE: www.pnfp.com MEDIA CONTACT: Joe Bass, 615-743-8219 FINANCIAL CONTACT: Harold Carpenter, 615-744-3742 PNFP REPORTS 1Q25 DILUTED EPS OF $1.77; ADJUSTED DILUTED EPS OF $1.90 Year-over-year loan growth was 9.0% NASHVILLE, TN, April 14, 2025 - Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.77 for the quarter ended March 31, 2025, compared to net income per diluted common share of $1.57 for the quarter ended March 31, 2024, an ...

Pinnacle Financial (PNFP) shares ended the last trading session 10.4% higher at $96.34. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 12.4% loss over the past four weeks.Pinnacle Financial stock soared, driven by a massive jump in the broad markets. The jump was fueled by President Donald Trump’s announcement of a 90-day tariff pause for the non-retaliating nations. This cheered the investors, driving the PNFP st ...

Wall Street analysts expect Pinnacle Financial (PNFP) to post quarterly earnings of $1.82 per share in its upcoming report, which indicates a year-over-year increase of 19%. Revenues are expected to be $478.5 million, up 11.8% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this t ...

Financial Assets and Risks - As of December 31, 2024, the company had $1.0 billion in bank owned life insurance (BOLI) contracts, which are illiquid long-term assets providing tax savings[217] - The company is exposed to liquidity, credit, and interest rate risks associated with BOLI investments, which could adversely affect its financial condition and results of operations[217] - The company faces substantial competition from various financial service providers, including non-banks, which may have lower operating costs and regulatory constraints[229] - Regulatory changes, such as the Community Reinvestment Act, may impose additional requirements on the company, affecting its competitive position[231] - The financial services industry is becoming more competitive due to technological advancements and consolidation, allowing non-banks to offer traditional banking products[232] - Climate change poses risks to the company's operations and customer relationships, potentially leading to market volatility and disruptions[233] - The company is facing transition risks due to changing climate conditions, which may restrict business operations and increase expenses[234] Risk Management and Compliance - The company has implemented a risk management framework to identify and manage various risks, including credit, market, and operational risks, but there is no assurance of its effectiveness[218] - Cybersecurity risks have significantly increased, particularly with the rise of mobile-payment and internet-based product offerings, which could negatively impact the company's operations and financial condition[222] - The company is subject to regulatory oversight and litigation, which could result in significant financial liabilities and reputational harm[240] - The company operates in a highly regulated industry, with potential increases in operating costs due to changes in regulations and compliance requirements[260] - Regulatory scrutiny may increase, impacting the company's operational flexibility and growth potential, particularly in relation to mergers and acquisitions[261] - Non-compliance with anti-money laundering regulations could result in fines or sanctions, restricting the company's ability to make acquisitions[269] Growth and Expansion Strategies - The company is continuously evaluating and may implement new lines of business or products, but these efforts carry substantial risks and uncertainties[236] - The company plans to expand in high-growth markets in the southern U.S. but faces risks related to management of growth and operational costs[250] - Regulatory and economic factors may adversely affect the company's growth and expansion plans, potentially allowing competitors to gain market share[253] - The company must successfully implement improvements to its information and control systems to accommodate growth, which may require additional expenditures[254] - Failure to address issues related to recent expansions could materially affect the company's financial condition and results of operations[255] - The company plans to focus on organic growth in existing markets while evaluating merger and acquisition opportunities in select southern U.S. markets[258] - The company may face risks related to future acquisitions, including maintaining loan quality amid significant loan growth and attracting sufficient deposits to fund anticipated growth[256] Financial Performance and Shareholder Considerations - The trading price of the company's capital stock may be volatile, influenced by various factors including financial performance and market conditions[270] - The ability to declare and pay dividends is limited and depends on various factors including capital levels and earnings performance[272] - Future dividends will be declared at the discretion of the board of directors and may rely on cash held and dividends received from Pinnacle Bank[273] - Federal and state regulations restrict the amount of dividends that can be declared, particularly under Basel III capital rules[274] - The company may issue additional common stock or equity securities, which could dilute existing shareholders' ownership[276] - The Series B Preferred Stock dividends are non-cumulative and discretionary, meaning if not declared, they do not accrue[285] - As of December 31, 2024, Pinnacle Financial had approximately $133.0 million in outstanding junior subordinated debentures, which must be paid before any dividends on common or preferred stock[289] - Pinnacle Financial has an aggregate of $300 million of subordinated notes outstanding, which rank senior to common and preferred stock[291] - Holders of the Series B Preferred Stock have limited voting rights unless dividends are in arrears for six periods[287] - The Series B Preferred Stock ranks junior to all indebtedness and will only receive distributions after all liabilities are satisfied in case of liquidation[280] - The company may issue additional preferred stock or securities that could negatively affect the value of existing shares[277] - Pinnacle Financial's common stock and depositary shares have lower liquidity compared to larger companies on the Nasdaq Global Select Market, with trading volumes being relatively low[294] - The market prices of Pinnacle Financial's common stock and depositary shares have experienced significant fluctuations, which may not correlate with the company's performance[296] - The company’s amended charter allows the board to issue preferred stock without shareholder approval, potentially complicating acquisition attempts[298] - Investments in Pinnacle Financial's common stock or depositary shares are not insured by the FDIC, presenting inherent risks to shareholders[299] Technology and Innovation - The company has made significant investments in technology but may require additional investments to maintain operational efficiency[242] - The use of artificial intelligence and machine learning tools may introduce new costs and cybersecurity risks, potentially affecting business results[300]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Pinnacle Financial (PNFP) - Pinnacle Financial currently holds a Momentum Style Score of B, indicating a positive outlook based on price changes and earnings estimate revisions [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, PNFP shares increased by 6.85%, outperforming the Zacks Banks - Southeast industry, which rose by 5.77% [5] - In a longer timeframe, PNFP's monthly price change is 7.94%, significantly higher than the industry's 0.89% [5] - Over the past quarter, PNFP shares have risen by 17.81%, and over the last year, they have gained 37.42%, compared to the S&P 500's increases of 5.33% and 26.85%, respectively [6] Trading Volume - The average 20-day trading volume for PNFP is 392,626 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, two earnings estimates for PNFP have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $7.49 to $7.60 [9] - For the next fiscal year, three estimates have moved upwards with no downward revisions, indicating a positive trend in earnings expectations [9] Conclusion - Considering the positive price performance, trading volume, and favorable earnings outlook, PNFP is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]

Financial Data and Key Metrics - No specific financial data or key metrics changes were provided in the content [1][2][3] Business Line Data and Key Metrics - No specific business line data or key metrics changes were provided in the content [1][2][3] Market Data and Key Metrics - No specific market data or key metrics changes were provided in the content [1][2][3] Company Strategy and Industry Competition - No specific details on company strategy, development direction, or industry competition were provided in the content [1][2][3] Management Commentary on Operating Environment and Future Outlook - No specific comments from management regarding the operating environment or future outlook were provided in the content [1][2][3] Other Important Information - The earnings release and presentation are available on the Investor Relations page of the company's website [2] - The call is being recorded and will be available for replay on the company's website for the next 90 days [2] - Forward-looking statements made during the presentation are subject to risks and uncertainties, and the company disclaims any obligation to update or revise such statements [3] Q&A Session - No questions or answers were provided in the content [1][2][3]