| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 67 | 18.3x | 17.8x | Top tier | |
Growth | 79 | 62.3% | 7.1% | Top tier | |
Quality | 48 | — | — | Around median | |
Safety | 18 | — | — | Bottom tier | |
Capital Return | 38 | 0.97% | 2.12% | Bottom tier | |
Momentum | 69 | 11.1% | 2.9% | Top tier | |
Sentiment | 80 | 13 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Pinnacle Financial Partners, Inc., listed on the NYSE under the ticker PNFP, operates as a relationship-based bank serving a predominantly commercial customer base, with commercial deposits representing approximately 70% of the mix. The bank generates income from net interest on loans and securities, along with core banking, wealth management, and capital markets fees, as well as the contribution from its equity-method investment in BHG. During fiscal 2026 Q2, most loan growth came from commercial and industrial lending, distributed across geographic units and specialized lending platforms.
According to EDGAR data, Pinnacle recorded revenue of $1.8 billion, net income of $328 million, and diluted earnings per share of $2.07 in fiscal 2026 Q2. Management reported adjusted diluted earnings per share of $2.50 after excluding $82 million of pre-tax adjusted items, while adjusted earnings per share for fiscal 2026 year to date increased 26% compared with the same period of the previous year. Adjusted return on average tangible common equity was 17.7% for fiscal 2026 year to date.
Net interest income was $956 million in fiscal 2026 Q2, up 2% from the previous quarter, while the net interest margin declined nine basis points to 3.44%. The adjusted tangible efficiency ratio was 49.8%, and adjusted noninterest income declined by $12 million quarter over quarter due to lower BHG income, while core banking, wealth management, and capital markets fees continued to grow. Equity-method investment income from BHG was $24 million, while the bank incurred $51 million in nonrecurring merger expenses primarily related to personnel and technology.
The average analyst price target is $117.43, within a range of $112 to $123, and the stock carries a consensus Buy rating. The average target, low target, and high target are all above the top of the 52-week range of $110.33, while the annual range extends from $81.08 to $110.33; however, net interest margin pressure, merger costs, and concerns about funding loan growth explain why repricing risks remain despite the positive analyst outlook.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
According to EDGAR data, Pinnacle recorded revenue of $1.8 billion and net income of $328 million in fiscal 2026 Q2. Diluted earnings per share were $2.07, while adjusted diluted earnings per share reached $2.50 after excluding $82 million of pre-tax adjusted items. Adjusted earnings per share for fiscal 2026 year to date increased 26% compared with the same period, and adjusted return on average tangible common equity was 17.7%.
Loans increased by $2.9 billion during fiscal 2026 Q2, or 14% year over year, with most growth coming from commercial and industrial lending. First-half growth was distributed approximately evenly between geographic banking units and specialized areas, while commercial real estate was not a major growth driver. Management aims to approach the upper end of the 9% to 11% loan growth range in fiscal 2026, noting that higher utilization added approximately $500 million in the second quarter and was not assumed to recur in the outlook.
Deposits grew by $795 million in fiscal 2026 Q2, and core deposit growth reached $963 million after excluding the decline in public funds. Management expects deposit growth of 8% to 10% during fiscal 2026, with a seasonal contribution ranging from $1.5 billion to $2 billion in the second half and continued deposit production of more than $1 billion per month. However, second-quarter loan growth exceeded deposit growth, and management expects to use some brokered deposits and higher-cost funding while seeking to make core deposit growth faster than loan growth in the second half.
Automated analysis for informational purposes only — not investment advice.
The net interest margin declined nine basis points to 3.44% in fiscal 2026 Q2, as the loan yield fell from 6.14% to 6.11% and the total cost of funds increased by two basis points. Pressures included lower SOFR, slower prepayments on commercial and industrial loans, the issuance of $750 million in senior debt, and increased liquid assets in preparation for Category IV bank requirements. Management expects a margin between 3.44% and 3.47% for fiscal 2026, but it also expects net interest income to continue growing by approximately 2% quarter over quarter during the second half due to the expansion of earning assets.
Fiscal 2026 Q2 was approximately the second full quarter after the closing of the merger transaction referenced on the call, and the bank recorded $51 million in nonrecurring merger expenses primarily related to personnel and technology. The bank realized approximately $10 million in revenue synergies during the first half, against a target of $20 million for fiscal 2026, with most coming from capital markets activities such as syndicated loan arrangement, hedging, and foreign exchange fees. Management maintains that the total revenue synergy target of $130 million remains valid, with the greater benefit expected after the systems conversion scheduled for March 2027.
Net credit charge-offs were $48 million or 22 basis points in fiscal 2026 Q2, within the full-year guidance range of 20 to 25 basis points. The nonperforming asset ratio declined to 0.50% from 0.58%, and the allowance for credit losses declined to 1.17% from 1.19%. The CET1 ratio also increased by 12 basis points to 9.93%, and management aims to build it gradually toward 10.25% while balancing capital generation against loan growth.
