Core Viewpoint - Pinnacle Financial (PNFP) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often adjust their valuations based on changes in earnings estimates, leading to significant stock price movements as they buy or sell shares [4]. Business Outlook - The upgrade reflects an improvement in Pinnacle Financial's underlying business, suggesting that investors may respond positively by driving the stock price higher [5]. - For the fiscal year ending December 2025, Pinnacle Financial is expected to earn $7.94 per share, with a 3.2% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a "Strong Buy" or "Buy" rating, indicating superior earnings estimate revisions [9][10]. - Pinnacle Financial's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-39309 Pinnacle Financial Partners Inc. Tennessee 62-1812853 (State or other jurisdiction of incorpo ...

Core Viewpoint - Monteverde & Associates PC is investigating Pinnacle Financial Partners regarding its merger with Synovus Financial Corp, focusing on the fairness of the proposed transaction [1]. Company Overview - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and has recovered millions for shareholders [1]. - The firm is located in the Empire State Building, New York City, and specializes in class action securities litigation [2]. Merger Details - The proposed merger involves a fixed exchange ratio of 0.5237 Synovus shares for each Pinnacle share [1]. - Upon completion of the merger, Pinnacle shareholders will own approximately 51.5% of the combined entity [1].

A downtrend has been apparent in Pinnacle Financial (PNFP) lately with too much selling pressure. The stock has declined 16.4% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ove ...

Group 1 - Pinnacle Financial Partners and Synovus Financial plan to merge in an all-stock transaction valued at $8.6 billion, with the transaction expected to close in the first quarter of 2026, pending regulatory and shareholder approvals [2][3] - The combined entity will operate under the Pinnacle Financial Partners and Pinnacle Bank brand, with Synovus Chairman Kevin Blair as president and CEO, and Pinnacle CEO Terry Turner as chairman of the board [3] - The merger aims to leverage Pinnacle's entrepreneurial operating model and Synovus' strong presence in fast-growing Southeastern markets to enhance market share [4] Group 2 - Both companies have demonstrated strong financial performance, with Synovus reporting a 28% year-over-year growth in adjusted earnings per share in the second quarter, while Pinnacle reported a 22.7% increase in fully diluted earnings per share [6][7] - The KBW Nasdaq Bank Index, which tracks larger banks, increased by 14%, while the KBW Nasdaq Regional Banking Index, covering smaller lenders, rose less than 3%, indicating a challenging environment for regional banks [5][6]

Summary of Conference Call on Pinnacle Financial Partners and Synovus Financial Corp Merger Industry and Companies Involved - **Industry**: Banking and Financial Services - **Companies**: Pinnacle Financial Partners and Synovus Financial Corp Core Points and Arguments 1. **Merger Announcement**: Pinnacle and Synovus have entered into a definitive agreement for an all-stock transaction, creating a high-performing commercial bank focused on growth in the Southeast [4][14] 2. **Financial Metrics**: The combined company will have total assets of $116 billion, total loans of $81 billion, and total deposits of $95 billion. The deal is expected to deliver 21% EPS accretion with a 2.5-year tangible book value earn-back [6][14] 3. **Market Positioning**: The merger aims to leverage Synovus' presence in high-growth markets, enhancing Pinnacle's operating model and expanding its footprint [5][22] 4. **Employee Engagement**: Both companies rank highly in employee satisfaction, which is expected to translate into better client service and satisfaction [10][12] 5. **Leadership Structure**: Post-merger, Pinnacle's leadership will include Terry Turner as Chairman, Kevin Blair as CEO, and Jamie Gregory as CFO, with a board comprising members from both companies [16][17] 6. **Geographic Focus**: The merger will enhance geographic diversification and reduce concentration risk, with a household growth rate of 4.6%, significantly above the national average [22][28] 7. **Cost Synergies**: Estimated no-regret cost savings of $250 million, representing 9% of the combined non-interest expense base, are anticipated [34] 8. **Regulatory Readiness**: The companies are preparing for regulatory approvals and have a roadmap for LFI readiness, with a focus on maintaining a solid capital position [38][92] 9. **Client Satisfaction**: Both companies have high rankings in client satisfaction, which is expected to remain a priority post-merger [30][29] 10. **Integration Strategy**: A detailed integration plan is in place, with a target for systems conversion approximately 12-14 months post-merger [95] Additional Important Points 1. **Retention Strategy**: Significant resources have been allocated for retention programs to ensure key talent remains through the transition [56] 2. **Cultural Alignment**: Both companies emphasize a performance-driven culture and commitment to operational excellence, which is expected to facilitate a smooth merger [24][25] 3. **Market Expansion**: The merger is characterized as a strategic expansion rather than a market consolidation, with minimal overlap in markets [22][28] 4. **Financial Assumptions**: The transaction is expected to be accretive to earnings, with no revenue synergies initially built into the financial model [32] 5. **Community Commitment**: Both companies have a strong track record of community engagement and intend to maintain this commitment post-merger [17][18] This summary encapsulates the key points discussed during the conference call regarding the merger between Pinnacle Financial Partners and Synovus Financial Corp, highlighting the strategic, financial, and operational aspects of the transaction.

Pinnacle Financial Partners and Synovus Financial Corp. Conference Call Summary Company and Industry Overview - **Companies Involved**: Pinnacle Financial Partners (PNFP) and Synovus Financial Corp - **Industry**: Banking and Financial Services Key Points and Arguments 1. **Transaction Announcement**: Pinnacle and Synovus have entered into a definitive agreement for an all-stock transaction, aiming to create a high-performing commercial bank focused on growth in the Southeast [4][6][15] 2. **Financial Metrics**: The combined company will have total assets of $116 billion, total loans of $81 billion, and total deposits of $95 billion. The deal is expected to deliver 21% EPS accretion with a 2.5-year tangible book value earn-back [6][15] 3. **Growth Projections**: The combined entity anticipates a return on average assets of almost 1.4% and a return on tangible common equity of 18% by 2027, while maintaining a focus on high growth and risk discipline [7][8] 4. **Market Positioning**: The merger is positioned to capitalize on projected household growth of 4.6%, which is 170% of the national average, enhancing market presence in the Southeast [9][12] 5. **Employee Satisfaction**: Pinnacle and Synovus rank highly in employee satisfaction, with both companies recognized as great places to work, which contributes to client satisfaction and loyalty [10][11] 6. **Transaction Structure**: The transaction has been unanimously approved by both boards, with Synovus shareholders receiving a fixed exchange ratio of 0.5237 shares of Pinnacle stock, representing a 10% premium [14][15] 7. **Leadership and Governance**: Post-merger, Pinnacle's leadership will include Terry Turner as Chairman, Kevin Blair as CEO, and Jamie Gregory as CFO, with a board comprising members from both companies [17][18] 8. **Cost Synergies**: The merger is expected to generate $250 million in cost savings, representing 9% of the combined non-interest expense base by 2027 [35] 9. **Integration Strategy**: A comprehensive due diligence process has been conducted to identify integration risks and ensure a smooth transition, with a focus on maintaining local market leadership [37][39] 10. **Regulatory Readiness**: The combined company anticipates a common equity Tier 1 ratio of approximately 9.8% at closing, with plans to manage capital growth effectively [39][40] Additional Important Insights 1. **Cultural Alignment**: Both companies emphasize a shared commitment to operational excellence and long-term value creation, which is expected to drive continued outperformance [25][26] 2. **Client Experience**: The merger aims to enhance client experience through a relationship-based approach, which has historically led to industry-leading deposit growth [30][32] 3. **Market Expansion**: The merger is characterized as a strategic expansion rather than a market consolidation, with minimal overlap in markets and a focus on enhancing geographic diversification [22][29] 4. **Retention Strategies**: Significant resources have been allocated for retention programs to ensure key talent remains through the transition [56][58] 5. **Future Growth Opportunities**: The combined entity is expected to explore new revenue sources through complementary specialty banking areas, enhancing overall service offerings [84][86] This summary encapsulates the key points discussed during the conference call regarding the merger between Pinnacle Financial Partners and Synovus Financial Corp, highlighting the strategic, financial, and operational aspects of the transaction.

Building The Southeast Growth Champion July 24, 2025 Pinnacle and Synovus to Combine: Forward‐Looking Statements Forward‐Looking Statements This communication contains statements that constitute "forward‐looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward‐looking statements. These forward‐looki ...

Group 1 - Pinnacle Financial Partners has experienced a significant rebound, with shares returning approximately 20% since April [1] - The investment strategy focuses on a long-term, buy-and-hold approach, emphasizing stocks that can consistently generate high-quality earnings [1] - The company is primarily associated with the dividend and income investment sector [1]

Financial Data and Key Metrics Changes - In Q2 2025, revenue increased by 15.1% compared to the same quarter last year, adjusted EPS rose by 22.7%, and tangible book value per share grew by 10.9% year-over-year [6][7][10] - The company has achieved double-digit compound annual growth rates (CAGRs) over the last decade in revenue, EPS, and tangible book value per share, significantly outperforming peers [7][10] Business Line Data and Key Metrics Changes - End of period loans increased by 10.7% on a linked quarter annualized basis, driven by new markets and relationship managers [17] - Deposit growth was recorded at 4.7% linked quarter annualized, with an estimated total deposit growth rate maintained at 7% to 10% for 2025 [19][20] - Net interest margin (NIM) finished up two basis points at 3.23%, with expectations for a flat to slightly up NIM in the upcoming quarters [21] Market Data and Key Metrics Changes - Core deposit growth was 13%, significantly outpacing the peer median during a challenging economic environment [10] - The company has adjusted its loan growth outlook to a range of 9% to 11% for the year, reflecting a strong pipeline despite macroeconomic uncertainties [18] Company Strategy and Development Direction - The company employs a market share takeaway strategy, focusing on recruiting experienced revenue producers from competitors to drive growth [11][12] - The focus remains on organic growth rather than mergers and acquisitions, with a strong emphasis on hiring and developing talent within existing markets [35][36] - The company is optimistic about deepening its presence in current markets, particularly in Florida and Texas, while continuing to hire across its existing footprint [39][40] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the current economic environment, noting that clients are in a cautious state but showing underlying optimism for future growth [46][47] - The company anticipates a strong year in 2025, supported by investments in new markets and successful hiring strategies [28][26] Other Important Information - The company has raised its earnings estimate for Bankers Healthcare Group (BHG) from 20% growth to approximately 40% growth for 2025, driven by lower operating costs and improved credit performance [25] - The total expense outlook for the year has been modified to a range of $1,145 million to $1,155 million, reflecting a more positive outlook [27] Q&A Session Summary Question: Clarification on the expected asset growth from new hires - Management confirmed that the cohort of hires from 2020 to 2024 is expected to yield approximately $19 billion in organic asset growth through 2029 [30][31] Question: Appetite for M&A given organic growth success - Management reiterated a preference for organic growth over M&A, citing the ability to produce outsized growth through hiring rather than taking on integration risks [35][36] Question: Customer sentiment and appetite for growth - Management indicated that existing customers are currently cautious but optimistic about future opportunities, with a focus on maintaining credit quality [45][46] Question: Update on BHG's performance and outlook - Management noted that BHG's strong performance is driven by both production growth and improved credit quality, with expectations for continued strength in the second half of the year [56] Question: Future deposit costs and beta expectations - Management expects to maintain current deposit costs and beta levels, with a focus on managing through potential future rate cuts [105][106] Question: Regulatory developments and their impact - Management observed a more positive regulatory environment, which is not expected to alter the company's operational plans significantly [88][89]