| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 75 | 13.4x | 17.3x | Top tier | |
Growth | 87 | 123.3% | 7.1% | Top tier | |
Quality | 57 | — | — | Around median | |
Safety | 18 | — | — | Bottom tier | |
Capital Return | 66 | 0.96% | 0.06% | Top tier | |
Momentum | 72 | 7.9% | -1.6% | Top tier | |
Sentiment | 85 | 13 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, 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 is a regional bank focused on relationship banking with businesses in the southeastern United States, generating net revenue from net interest income and fees from banking services, wealth management, and capital markets. Its model relies on recruiting bankers with established relationships to bring clients' business and deposits to the bank, while expanding commercial and industrial lending and specialty businesses. In the first half of fiscal year 2026, loan growth was split roughly equally between geographic banking units and specialty businesses, while commercial real estate lending was not a growth driver.
In quarter 2 of fiscal year 2026, ended 2026-06-30, net revenue reached $1.2 billion, net income was $328.0 million, and diluted earnings per share were $2.07. Net interest margin was 3.44%, down 9 basis points from the previous quarter, despite a 2% increase in net interest income from the previous quarter, supported by growth in earning assets. The results reflect the bank's increased size following the merger with Synovus, so assessing them requires distinguishing growth in the combined institution from improvement in earnings per share.
Loans increased by $2.9 billion from the previous quarter in quarter 2 of fiscal year 2026, ended 2026-06-30, compared with a $795 million increase in deposits, making funding the expansion a central focus of the analysis. Meanwhile, the nonperforming asset ratio improved to 0.5%, and the preliminary common equity tier 1 capital ratio reached 9.93%. The bank's profile combines strong business expansion and stable credit quality with pressure on net interest margin and the execution requirements of the systems integration scheduled for March 2027.
Q2 FY2026
When: 2026-10-21
Expected earnings announcement and test of net interest margin at 3.44%
Expected earnings announcement and test of the nonperforming asset ratio at 0.5%
When: Fiscal year 2026
The indicative median analyst target is $118, within a range of $63 to $190 for 4 analysts in the low-confidence 2026-10-19 snapshot, reflecting growth and profitability expectations and tending to be optimistic by nature. The industry-multiple valuation is $114, within a range of $96 to $139, based on book value at a median multiple of 1.2 across 335 companies, measuring Pinnacle's value if its book equity were priced like that of its peers. The 2 central values are close at $114 and $118, but the analyst range is wider because it accommodates differing expectations for growth and merger execution, while the industry range is tied to the book value benchmark. The average target in the analyst consensus is $119.77 in the 2026-10-20 update, with an overall Buy recommendation and divergent target revisions during October 2026.
Figures in the text are as of 2026-10-20; the live price is shown at the top of the page.
Pinnacle combines net interest income with fees from banking services, wealth management, and capital markets, and net revenue reached $1.2 billion in quarter 2 of fiscal year 2026, ended 2026-06-30. It relies on recruiting bankers who bring client relationships to the bank, while expanding the services available following the merger with Synovus. It generated $10 million in net revenue synergies in the first half of fiscal year 2026, while management set March 2027 as the date for systems consolidation.
Loans increased by $2.9 billion from the previous quarter in quarter 2 of fiscal year 2026, ended 2026-06-30, and net income reached $328.0 million. However, diluted shares totaled 151.5 million in the same period, so growth in total earnings alone is insufficient to measure the benefit to each share. Diluted earnings per share were $2.07, while management said on the 2026-07-23 call that loan growth was trending toward the upper end of the 9% to 11% range for fiscal year 2026.
Automated analysis for informational purposes only — not investment advice.
Achieving deposit growth within the 8% to 10% range
Net interest margin was 3.44% in quarter 2 of fiscal year 2026, ended 2026-06-30, down 9 basis points from the previous quarter. Management attributed the pressure to factors including lower loan yields, liquidity building, debt issuance, and increased use of higher-cost funding during seasonal deposit fluctuations. On the 2026-07-23 call, it expected a margin between 3.44% and 3.47% for fiscal year 2026, with improvement in the funding mix dependent on core deposit growth during the second half of fiscal year 2026.
The nonperforming asset ratio declined to 0.5% in quarter 2 of fiscal year 2026, ended 2026-06-30, and the net charge-off rate was 22 basis points. The preliminary common equity tier 1 capital ratio was 9.93% in the same period, while management's target was 10.25%. Management explained on the 2026-07-23 call that the pace of loan growth consumes part of the capital generated, so it did not confirm that the target would be reached by the end of fiscal year 2026.
Investment income from BHG was approximately $24 million in quarter 2 of fiscal year 2026, ended 2026-06-30, amid a change in the partnership's loan distribution strategy. The decline in this contribution was the main driver of the $12 million decrease in adjusted noninterest net revenue from the previous quarter. Management explained on the 2026-07-23 call that the relationship also includes expected net revenue of approximately $40 million and expenses of approximately $20 million for fiscal year 2026 outside investment income, making its impact broader than the investment line item alone.