Core Viewpoint - Analysts project that Pinnacle Financial (PNFP) will report quarterly earnings of $2.32 per share, reflecting a year-over-year increase of 22.1%, with revenues expected to reach $557.02 million, up 17.2% from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised 2.9% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Key Financial Metrics - Analysts expect the 'Net Interest Margin' to be 3.3%, up from 3.2% in the same quarter last year [5]. - The 'Efficiency Ratio' is projected to be 52.9%, improved from 55.1% a year ago [5]. - 'Nonaccrual loans' are estimated at $151.88 million, compared to $147.83 million last year [5]. Asset and Income Projections - 'Average balances - Total interest-earning assets' are forecasted to reach $52.89 billion, up from $46.40 billion a year ago [6]. - 'Total nonperforming assets' are expected to be $158.12 million, compared to $149.11 million last year [6]. - 'Total noninterest income' is projected at $144.43 million, up from $111.55 million in the same quarter last year [7]. - 'Net Interest Income' is estimated at $414.62 million, compared to $363.79 million last year [7]. Additional Income Metrics - 'Trust fees' are expected to reach $10.45 million, compared to $9.10 million last year [8]. - 'Service charges on deposit accounts' are projected at $18.61 million, up from $15.18 million in the same quarter last year [8]. - 'Income from equity method investment' is forecasted at $36.30 million, compared to $12.07 million last year [9]. - 'Other noninterest income' is expected to be $49.70 million, slightly down from $50.44 million last year [9]. - The consensus estimate for 'Investment services' stands at $24.63 million, compared to $19.23 million last year [10]. Stock Performance - Over the past month, shares of Pinnacle Financial have returned -4.1%, while the Zacks S&P 500 composite has changed by +1.6% [10].

Core Insights - Pinnacle Financial Partners, Inc. has successfully completed an all-stock merger with Synovus Financial Corporation, valued at $8.6 billion, with Pinnacle shareholders owning approximately 51.5% and Synovus shareholders holding about 48.5% of the combined entity [1][9]. Merger Details - The merger resulted in a single bank holding company operating under the name Pinnacle Financial Partners, with Pinnacle Bank as the surviving bank [3]. - Each share of legacy Pinnacle common stock was converted into an equal number of shares of new Pinnacle common stock, while each share of Synovus common stock was exchanged for 0.5237 shares of new Pinnacle common stock [4]. - The combined bank holding company has $117.2 billion in assets, $95.7 billion in deposits, and $80.4 billion in loans as of September 30, 2025, and operates over 400 locations across nine states [2][9]. Strategic Implications - The merger creates one of the largest and fastest-growing regional banking platforms in the U.S., combining Pinnacle's relationship-driven model with Synovus' established franchise and operational capabilities [7]. - The combined entity is expected to capture market share gains in both commercial and consumer banking segments, particularly in the Southeastern and Atlantic Coast markets [8][9]. - The transaction is projected to generate approximately 21% operating earnings accretion by 2027, with a tangible book value per share earn-back period of 2.6 years [9]. Operational Integration - During the transition period, banking services will continue under both the Pinnacle and Synovus brands, with full integration and brand consolidation expected by early 2027 [5]. - The combined company is now a member bank of the Federal Reserve System, enhancing its operational capabilities [3]. Market Position - Following the merger, Pinnacle Financial's common stock trades on the New York Stock Exchange under the ticker symbol "PNFP" [6]. - The merger positions Pinnacle among the highest-return regional banks in the Southeast, strengthening its long-term return profile [10].

Core Viewpoint - Pinnacle Financial Partners (NASDAQ:PNFP) is positioned for potential growth, supported by a favorable analyst outlook and positive earnings estimates [2][3][6] Company Overview - Pinnacle Financial Partners is a financial services company offering a variety of banking products and services, primarily in the southeastern United States [1] - The company competes with other regional banks, focusing on superior customer service and financial solutions [1] Stock Performance - As of January 4, 2026, PNFP's stock price is $95.10, reflecting a slight decrease of 0.32% or $0.31 [4] - The stock has experienced volatility, with a one-year high of $127.85 and a low of $81.57 [4] Analyst Insights - Stephen Scouten from Piper Sandler has set a price target of $120 for PNFP, indicating a potential increase of about 26.18% from the current price [2][6] - The stock has received a Zacks Rank 2 (Buy), driven by an upward trend in earnings estimates, suggesting positive earnings prospects [2][3][6] Market Activity - Pinnacle Financial's market capitalization is approximately $7.38 billion, with a trading volume of 2,249,223 shares on the NASDAQ exchange, indicating healthy investor interest [5][6]

Core Viewpoint - Synovus Financial has successfully merged with Pinnacle Financial Partners in an all-stock deal valued at $8.6 billion, aiming to create the highest-performing regional bank in the Southeast [1][6] Group 1: Merger Details - The merger was announced in July and has resulted in a combined holding company with $117.2 billion in assets, $95.7 billion in deposits, and $80.4 billion in loans as of September 30 [1] - The new holding company will be headquartered in Atlanta, Georgia, while the bank's operations will be based in Nashville, Tennessee, with plans to consolidate under the Pinnacle brand by early 2027 [2] Group 2: Shareholder Structure - The merger involved a fixed exchange ratio of 0.5237 Synovus shares for each Pinnacle share, translating to a Synovus share value of $61.18, resulting in Synovus shareholders owning approximately 48.5% and Pinnacle shareholders about 51.5% of the merged entity [3] Group 3: Leadership and Vision - Kevin Blair, the former CEO of Synovus, is now the president and CEO of the merged group, while Terry Turner, the former CEO of Pinnacle, chairs the board [4] - The leadership team aims to position the merged entity as the fastest-growing and most profitable regional bank in the nation, emphasizing the importance of long-term relationships and purposeful growth [5]

Core Viewpoint - The merger between Pinnacle Financial Partners, Inc. and Synovus Financial Corp. has been completed, creating a larger bank holding company with significant assets and a focus on growth and client relationships [1][2][3]. Company Overview - The newly combined bank holding company has an estimated pro forma combined asset total of $117.2 billion, with deposits of $95.7 billion and loans of $80.4 billion as of September 30, 2025 [2]. - The combined firm operates over 400 locations across nine states in the Southeast and Atlantic coast, with plans to consolidate under the Pinnacle brand by early 2027 [2][3]. Leadership and Integration - The leadership team aims to position the combined entity as the fastest-growing and most profitable regional bank in the nation, emphasizing the importance of long-term relationships [4][6]. - Integration teams are working to ensure a seamless transition, with systems and brand conversions expected in early 2027 [3][6]. Shareholder and Stock Information - Under the merger agreement, each share of legacy Pinnacle common stock was converted into an equal number of shares of the new Pinnacle, while each share of Synovus common stock was converted into 0.5237 shares of new Pinnacle [6]. - The new Pinnacle shares will begin trading on the New York Stock Exchange on January 2, 2026, with legacy Pinnacle and Synovus being delisted from their respective exchanges [6][7]. Historical Context - The merger was announced on July 24, 2025, with shareholder approval obtained on November 6 and regulatory approvals received shortly thereafter, leading to the completion of the merger on January 1, 2026 [7]. Market Position - Pinnacle Financial Partners is now the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia, holding the number one deposit market share in the Nashville MSA and fourth in the Atlanta MSA [8]. Recognition and Culture - Pinnacle has been recognized as a top employer, ranking ninth in FORTUNE magazine's 2025 list of 100 Best Companies to Work For in the U.S. and fourth among America's Best Banks to Work For [9].

Core Insights - Merger and acquisition activity among banks significantly increased in 2025, with over 170 deals announced, marking a rise of more than one-third from 2024 and nearly 80% from 2023 [6][3] - The total value of these deals reached approximately $47 billion, indicating a trend towards larger valuations compared to previous years [3][2] - A more favorable regulatory environment and expedited deal approval processes are expected to encourage further acquisitions in 2026 [6] Deal Highlights - Capital One Financial completed its acquisition of Discover Financial Services for $51.8 billion, creating a major player in the credit card market [4] - Fifth Third Bancorp's proposed acquisition of Comerica is set to create the ninth-largest U.S. commercial bank with $288 billion in assets, aiming for a close in Q1 2026 [8] - Pinnacle Financial Partners and Synovus Financial announced a merger of equals valued at $8.6 billion, expected to close on January 1, 2026 [14] - Huntington Bancshares is acquiring Cadence Bank for $7.4 billion, enhancing its presence in Texas and Southern markets, with a closing date anticipated around February 1, 2026 [20] - PNC Financial Services Group's purchase of FirstBank Holding Company for $4.1 billion is expected to close on January 5, 2026, significantly expanding PNC's footprint in Colorado [25] Market Reactions - Despite the increase in deal activity, not all transactions have been well-received by the market, with some leading to declines in stock prices for the involved banks [5] - The merger of Pinnacle and Synovus initially caused a 10% drop in stock prices due to concerns over the performance of mergers of equals [16] - PNC's stock experienced a 10% dip following the announcement of its acquisition of FirstBank, although it has since recovered [28]

Core Viewpoint - Pinnacle Financial (PNFP) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings picture, which is crucial for near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value for a stock, prompting institutional investors to buy or sell, thus affecting stock prices [4]. Business Improvement Indicators - Rising earnings estimates and the Zacks rating upgrade suggest an improvement in Pinnacle Financial's underlying business, which should lead to increased stock prices [5][10]. - The Zacks Consensus Estimate for Pinnacle Financial for the fiscal year ending December 2025 is projected at $8.35 per share, unchanged from the previous year, but has seen a 3% increase in estimates over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - Pinnacle Financial's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

Core Viewpoint - Pinnacle Financial Partners and Synovus Financial Corp. are set to merge in January 2026, with the combined firm expected to release its fourth quarter 2025 financial results on January 21, 2026, after market close [1] Group 1: Pinnacle Financial Partners - Pinnacle Financial Partners offers a comprehensive range of banking, investment, trust, mortgage, and insurance products and services tailored for businesses and individuals [3] - As of September 30, 2025, Pinnacle has approximately $56.0 billion in assets and is the second-largest bank holding company headquartered in Tennessee [4] - Pinnacle is recognized as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA based on 2025 deposit data from the FDIC and has been listed as one of America's Best Banks to Work For for 12 consecutive years [3][4] Group 2: Synovus Financial Corp. - Synovus Financial Corp. is based in Columbus, Georgia, with approximately $60 billion in assets, providing a wide range of financial services including commercial and consumer banking [5] - As of September 30, 2025, Synovus operates 244 branches across Georgia, Alabama, Florida, South Carolina, and Tennessee [5] - Synovus is recognized as a Great Place to Work-Certified Company, highlighting its commitment to employee satisfaction [5]

Core Insights - Pinnacle Financial Partners will merge with Synovus Financial Corp. in January 2026, with the combined firm set to release its fourth quarter 2025 financial results on January 21, 2026, after market close [1] - A live webcast to discuss the financial results and business outlook will take place on January 22, 2026, at 8:30 a.m. ET [1] Pinnacle Financial Partners - Pinnacle Financial Partners offers a comprehensive range of banking, investment, trust, mortgage, and insurance services, primarily targeting businesses and individuals seeking a robust financial relationship [3] - As of September 30, 2025, Pinnacle has approximately $56.0 billion in assets and is the second-largest bank holding company headquartered in Tennessee [4] - The firm is recognized as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA based on 2025 FDIC deposit data and has been listed as one of America's Best Banks to Work For for 12 consecutive years [3][4] Synovus Financial Corp. - Synovus Financial Corp. is based in Columbus, Georgia, with around $60 billion in assets, providing a wide array of financial services including commercial and consumer banking, wealth services, and capital markets [5] - As of September 30, 2025, Synovus operates 244 branches across five states: Georgia, Alabama, Florida, South Carolina, and Tennessee [5]

Core Viewpoint - The company is undergoing a significant transformational merger of equals, which has received regulatory approval and is expected to close early next year [1][2]. Group 1 - The merger was announced in July and is considered one of the busiest years for the company [1]. - Kevin Blair will serve as the CEO of the combined entity post-merger, while Terry Turner, the CEO of Pinnacle, will become the Chairman [2]. - The presentation format will include a fireside chat, referencing slides shared by the company [2].