Financial Performance - Net interest income increased by 3% QoQ and 8% YoY to $474695 thousand [11] - Non-interest revenue increased by 5% QoQ and 13% YoY to $140697 thousand [11] - Total revenue increased by 4% QoQ and 9% YoY to $615392 thousand [11] - Adjusted total revenue (TE) increased by 4% QoQ and 9% YoY to $612794 thousand [11] - Adjusted non-interest expense increased by 3% QoQ and 6% YoY to $320216 thousand [11] - Adjusted diluted EPS decreased by 1% QoQ but increased by 19% YoY to $146 [11] - Loans remained flat QoQ and increased by 1% YoY to $43753 million [13] - Deposits remained flat QoQ and YoY at $50004 million [13] Credit Quality & Capital - NCOs/Average Loans was 014% [13] - NPLs/Loans was 048% [13] - Allowance for Credit Losses % was 119% [13] - CET1 Ratio was 1124% [13] Merger with Pinnacle Financial Partners - The merger is expected to result in 21% EPS accretion in 2027E [30] - TBV dilution earnback is projected to be 26 years [30]

Core Viewpoint - Pinnacle Financial Partners (NASDAQ: PNFP) has experienced a decline of approximately 10% in its share value over the past year, with significant underperformance noted following the announcement of a large acquisition [1] Group 1: Company Performance - The stock has underperformed particularly since the announcement of a major acquisition, leading to investor disappointment regarding the company's decision not to pursue a sale [1] Group 2: Market Sentiment - Concerns have arisen among investors regarding the implications of the acquisition on the company's future performance and strategic direction [1]

Core Insights - Pinnacle Financial Partners (NASDAQ: PNFP) has experienced a decline of approximately 10% in its share value over the past year, with significant underperformance noted following the announcement of a large acquisition [1] Group 1: Company Performance - The stock has underperformed particularly since the announcement of a major acquisition, leading to investor disappointment regarding the company's decision not to pursue a sale [1] Group 2: Market Sentiment - Concerns have arisen among investors regarding the implications of the acquisition on the company's future performance and strategic direction [1]

Group 1: Earnings Performance - Pinnacle Financial reported quarterly earnings of $2.27 per share, exceeding the Zacks Consensus Estimate of $2.05 per share, and up from $1.86 per share a year ago, representing an earnings surprise of +10.73% [1] - The company posted revenues of $544.8 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 4.74%, compared to year-ago revenues of $466.75 million [2] - Over the last four quarters, Pinnacle Financial has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Pinnacle Financial shares have declined approximately 19.7% since the beginning of the year, while the S&P 500 has gained 13% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $2.06 on revenues of $526.16 million, and for the current fiscal year, it is $8.11 on revenues of $2.02 billion [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Banks - Southeast industry is currently in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] - The estimate revisions trend for Pinnacle Financial was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]

Financial Performance - Pinnacle Financial Partners reported a diluted EPS of $2.19 for Q3 2025, a 17.7% increase from $1.86 in Q3 2024, and $5.96 for the nine months ended Sept. 30, 2025, up 46.1% from $4.08 in the same period last year[1]. - Total revenues for Q3 2025 were $544.8 million, a year-over-year increase of 16.7% from $466.7 million in Q3 2024, with net interest income growing by 12.9% to $396.9 million[9][10]. - Pre-tax, pre-provision net revenues (PPNR) for Q3 2025 were $241.7 million, a 16.5% increase from $207.4 million in Q3 2024, while adjusted PPNR rose by 20.3% to $249.5 million[7][8]. - Net income available to common shareholders for the nine months ended September 30, 2025, was $460.69 million, up 47.5% from $312.40 million for the same period in 2024[34]. - Basic net income per common share for the three months ended September 30, 2025, was $2.20, compared to $1.87 for the same period in 2024, reflecting a growth of 17.7%[35]. - Net income for the quarter ended September 2025 was $173,136 thousand, compared to $140,408 thousand in June 2025, reflecting an increase of 23.3%[40]. Asset and Deposit Growth - Total assets reached $56.0 billion as of Sept. 30, 2025, reflecting a year-over-year increase of 10.4%[6]. - Total deposits rose to $45.73 billion as of September 30, 2025, compared to $40.95 billion a year earlier, marking an increase of 11.5%[33]. - Core deposits increased by 10.6% year-over-year, with noninterest-bearing deposits rising by 14.5% linked-quarter and 12.8% year-to-date[5][7]. - Total assets increased to $55.96 billion as of September 30, 2025, up from $52.59 billion at December 31, 2024, representing a growth of 4.5%[33]. Loan Performance - Loan originations totaled $1.7 billion in Q3 2025, up from $1.5 billion in Q2 2025 and $989 million in Q3 2024[13]. - The commercial and industrial loan segment saw a linked-quarter annualized growth of 17.9%, contributing to overall loan growth of 8.9%[6]. - Total loans increased to $37,932,613 thousand in September 2025, up from $36,136,746 thousand in March 2025, representing a growth of 4.9%[40]. Noninterest Income and Expenses - Noninterest income for the quarter was $69.1 million, a slight decrease of $244,000 from Q3 2024[13]. - Noninterest expense for Q3 2025 was $303.1 million, a 16.9% increase from $259.3 million in Q3 2024, with adjusted noninterest expense rising by 12.5%[11][12]. - Noninterest income for the nine months ended September 30, 2025, totaled $371.82 million, a significant increase from $259.63 million in the same period of 2024, representing a growth of 43.2%[34]. Merger and Acquisition Activities - The company anticipates cost savings of $250 million from the merger with Synovus on a fully phased-in basis[19]. - The merger with Synovus is expected to close early in Q1 2026, with regulatory applications filed on August 25, 2025[18]. - The company is actively pursuing potential future acquisitions to enhance its business operations[28]. Regulatory and Economic Considerations - Pinnacle Financial is facing risks related to maintaining long-term growth rates in its loan portfolio and growing low-cost core deposits[25]. - Regulatory approvals for the merger are uncertain, which could impose conditions that adversely affect the combined company[25]. - The company is monitoring the impact of economic conditions on asset quality and credit risk, which could affect future results[25]. Efficiency and Ratios - The efficiency ratio improved to 55.64% in Q3 2025, compared to 56.72% in Q2 2025 and 55.56% in Q3 2024[53]. - The return on average assets improved to 1.22% in September 2025, compared to 1.05% in June 2025[40]. - The common equity Tier one ratio remained stable at 10.8% in September 2025, consistent with June 2025[49].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - Analysts forecast that Pinnacle Financial (PNFP) will report quarterly earnings of $2.05 per share, reflecting a year-over-year increase of 10.2%, with anticipated revenues of $520.15 million, an 11.4% increase compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised upward by 0.1% in the past 30 days, indicating a reassessment by covering analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Financial Metrics - The consensus estimate for 'Net Interest Margin' is 3.2%, unchanged from the previous year [5]. - Analysts predict an 'Efficiency Ratio' of 54.5%, down from 55.6% in the same quarter last year [5]. - 'Nonaccrual loans' are expected to reach $161.39 million, up from $119.29 million year-over-year [5]. Asset and Income Estimates - 'Average balances - Total interest-earning assets' are projected to be $49.69 billion, an increase from $44.86 billion year-over-year [6]. - Total nonperforming assets are estimated at $166.75 million, compared to $120.12 million in the same quarter last year [6]. - 'Total noninterest income' is expected to be $126.71 million, up from $115.24 million year-over-year [7]. Specific Income Components - 'Net Interest Income' is projected at $392.83 million, compared to $351.50 million in the previous year [7]. - 'Service charges on deposit accounts' are expected to reach $17.46 million, up from $16.22 million year-over-year [8]. - 'Insurance sales commissions' are estimated at $3.66 million, compared to $3.29 million in the same quarter last year [8]. - 'Trust fees' are projected to be $9.47 million, up from $8.38 million year-over-year [9]. - 'Income from equity method investment' is expected to be $25.86 million, compared to $16.38 million last year [9]. - 'Other noninterest income' is projected at $50.19 million, up from $48.63 million year-over-year [9]. Stock Performance - Over the past month, shares of Pinnacle Financial have decreased by 6.8%, while the Zacks S&P 500 composite has increased by 3.5% [11]. - Currently, PNFP holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [11].

Core Insights - Pinnacle Financial Partners and Synovus Financial are set to discuss their pending merger during a joint fireside chat at the BancAnalysts Association of Boston Conference on November 6, 2025 [1] Company Information - The CEOs of Pinnacle Financial Partners and Synovus Financial, Terry Turner and Kevin Blair respectively, will participate in the discussion [1] - A webcast of the event will be available on Pinnacle's investor relations website for those unable to attend [1]

Core Insights - Pinnacle Financial Partners is the largest bank in the Nashville MSA by deposits for the eighth consecutive year, holding $21.34 billion in local deposits, which is 21.72% of the total market and over 64% more than its closest competitor [1][2][18] - The firm also ranks No. 2 in Tennessee with a 12.94% market share, having grown its share in the past 12 months, indicating strong local trust and preference [2][3] - Pinnacle's growth is attributed to its ability to attract and retain top banking talent, with significant investments in personnel leading to deposit growth nine times the industry average during the current rate cycle [4][19] Market Performance - Pinnacle grew deposits in 23 out of 27 MSAs measured by the FDIC, with eight markets experiencing double-digit growth and three markets triple-digit growth [3][4] - The firm added more deposit dollars than any other bank in the Nashville market over the past year, showcasing its competitive edge [1][2] - In Tennessee, Pinnacle was the biggest deposit grower, demonstrating its effectiveness in expanding market share [2][3] Strategic Initiatives - The recent merger agreement with Synovus is expected to enhance Pinnacle's growth trajectory, combining similar cultures and operational excellence [4][25] - Pinnacle hired 161 revenue-producing associates in 2024 and an additional 71 in the first half of 2025, which is a key driver of its growth model [4][19] - The firm has been recognized as one of America's Best Banks to Work For, reinforcing its reputation as an employer of choice in the financial services sector [18][24]

Core Viewpoint - Pinnacle Financial Partners, Inc. will release its third quarter 2025 financial results on October 15, 2025, after market close [1] - A live webcast to discuss the financial results and business outlook will be held on October 16, 2025, at 8:30 a.m. CDT [1] Financial Results Announcement - The third quarter 2025 earnings release will be available on the investor relations page of Pinnacle's website [1]