Pinnacle Financial Partners (PNFP) Company Report

Pinnacle Financial Partners' merger closed on January 1, 2026, and the company expects an incremental $30 million of expense in 2026 due to accelerating incentive plans for all 8,500 team members, resulting in 40% of cost synergies being realized in 2026, down from an initial 50%.
The company projects 9%-11% loan growth for 2026, driven by strong momentum from both Legacy Pinnacle (12% loan growth in Q4) and Legacy Synovus (8% loan growth in Q4), as well as continued banker hiring.
Pinnacle is approximately 1% asset sensitive to the front end of the curve and 1.5% to the belly of the curve, with their 2026 guidance incorporating two rate cuts, which are not expected to be particularly impactful.
BHG (Bankers Healthcare Group) generated $30 million in revenue for Pinnacle in Q4, and the company anticipates a 25%-35% increase in revenue for 2026 from this business.

Feb 11, 2026, 6:50 PM

Transcript

Pinnacle Financial Partners Discusses Merger Integration, 2026 Outlook, and Capital Management

PNFP

M&A

Guidance Update

Executive Compensation

Pinnacle Financial Partners accelerated $30 million of expense into 2026 for new incentive plans, resulting in 40% of the $250 million net synergies being realized in 2026, instead of the initially planned 50%. The full system conversion for the merger is targeted for March 2027.
The company forecasts 9%-11% loan growth for 2026, building on the combined company's 10% loan and deposit growth in Q4 2025, primarily driven by existing banker hires.
Pinnacle's estimated CET1 ratio at closing will be approximately 10% (or 20 basis points lower including AOCI), with an expectation to accrete about 10 basis points of capital per quarter towards a target range of 10.25%-10.75%.
BHG, a differentiated business, generated a normalized $25 million in revenue for Pinnacle in Q4 2025 and is projected to increase revenue by 25%-35% in 2026.
Management anticipates a "fairly muted" credit story for 2026, noting improvements in credit metrics and no systemic soft spots.

Feb 11, 2026, 6:50 PM

Transcript

Pinnacle Financial Partners Discusses Merger Integration, 2026 Outlook, and Capital Strategy

PNFP

Guidance Update

M&A

Hiring

The combined Pinnacle Financial Partners and Synovus organization is focused on integrating two similar cultures, maintaining the "Pinnacle model" which emphasizes local decision-making and a company-performance-based incentive plan.
The company projects 9%-11% loan growth for 2026, building on strong Q4 2025 performance where Legacy Pinnacle delivered 12% and Legacy Synovus 8% annualized loan growth.
A longer, intentional technology conversion window extends to March 2027, prioritizing client experience and assessing solutions from both companies, with 222 technology selections already made.
The company is committed to achieving $250 million in net expense synergies, with 50%-40% realized in year one, while also identifying further efficiency opportunities beyond the merger.
Pinnacle Financial Partners expects a CET1 ratio of approximately 10% at closing (including AOCI) and aims to accrete about 10 basis points of capital per quarter post-dividends and growth, targeting a range of 10.25%-10.75%.

Feb 11, 2026, 6:50 PM

Transcript

Pinnacle Financial Partners Announces Common Dividend

PNFP

Dividends

M&A

Pinnacle Financial Partners, Inc. announced a $0.50 per share cash dividend.
The dividend is scheduled to be paid on February 27, 2026, to common shareholders of record as of the close of business on February 6, 2026.
The company is a $119.1 billion asset regional bank that joined forces with Synovus Financial Corp. in 2026.
Pinnacle is the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia.

Jan 26, 2026, 10:00 PM

Press Release

Pinnacle Financial Partners Reports Q4 2025 Results and Provides 2026 Outlook

PNFP

Earnings

Guidance Update

Share Buyback

Pinnacle Financial Partners (PNFP) reported Q4 2025 adjusted EPS of $2.24, while Synovus reported adjusted diluted EPS of $1.45, with both stable quarter-over-quarter and up year-over-year.
For Q4 2025, Pinnacle's period-end loans grew 3% quarter-over-quarter and 10% year-over-year, with core deposits also up 3% quarter-over-quarter and 10% year-over-year. Synovus saw period-end loan growth of 2% quarter-over-quarter and 5% year-over-year, and core deposits grew 2% quarter-over-quarter.
The combined company projects period-end loans to grow 9%-11% to $91-$93 billion and total deposits to grow 8%-10% to $106.5-$108.5 billion in 2026.
The 2026 financial outlook for the combined company includes adjusted revenue of $5-$5.2 billion, a net interest margin (NIM) estimated in the 345-355 basis point range, and adjusted non-interest expense expected to be $2.7-$2.8 billion.
A $0.50 per share quarterly common equity dividend will commence in Q1 2026, and a $400 million common share repurchase program has been authorized, though share repurchases are unlikely in Q1 and Q2 2026. The target Common Equity Tier 1 (CET1) ratio is 10.25%-10.75%.

Jan 22, 2026, 1:30 PM

Transcript

Pinnacle Financial Partners Reports Q4 2025 Results and Provides 2026 Guidance

PNFP

Earnings

Guidance Update

M&A

Pinnacle Financial Partners (PNFP) reported strong Q4 2025 results, with adjusted EPS of $2.24, a 3% sequential increase in net interest income, and 3% quarter-over-quarter loan and core deposit growth. Synovus also delivered strong Q4 2025 performance, with adjusted diluted EPS of $1.45, a 2% sequential increase in net interest income, and 2% quarter-over-quarter loan and core deposit growth.
For 2026, the combined company projects period-end loans to grow to $91-$93 billion (up 9%-11% year-over-year) and total deposits to grow to $106.5-$108.5 billion (up 8%-10%).
The 2026 adjusted revenue outlook is $5-$5.2 billion, with an estimated net interest margin in the 345-355 basis point range. Adjusted non-interest revenue is anticipated to be approximately $1.1 billion, and adjusted non-interest expense is projected at approximately $2.7-$2.8 billion, including $100 million in merger-related expense savings.
The company expects 2026 net charge-offs in the 20-25 basis point range and targets a Common Equity Tier 1 ratio of 10.25%-10.75%. A quarterly common equity dividend of $0.50 per share will begin in Q1 2026, and a $400 million common share repurchase program has been authorized.
PNFP plans to hire 250 total revenue producers in 2026, following 217 hires by both firms combined in 2025, to support continued balance sheet growth.

Jan 22, 2026, 1:30 PM

Transcript

Pinnacle Financial Partners Reports Q4 2025 Results and Provides 2026 Outlook

PNFP

Earnings

Guidance Update

M&A

Pinnacle Financial Partners (PNFP) and Synovus completed their merger on January 1, 2026, following strong individual Q4 2025 performances, with Pinnacle reporting $2.24 adjusted EPS and Synovus reporting $1.45 adjusted diluted EPS.
For 2026, the combined company expects period-end loans to grow to $91-$93 billion (up 9%-11%), total deposits to reach $106.5-$108.5 billion (up 8%-10%), and adjusted revenue to be $5-$5.2 billion. The net interest margin is estimated at 345-355 basis points, and adjusted non-interest expense is projected at $2.7-$2.8 billion.
PNFP authorized a $400 million common share repurchase program and will initiate a quarterly common equity dividend of $0.50 per share starting in Q1 2026, targeting a Common Equity Tier 1 ratio of 10.25%-10.75%.
The company plans to hire 250 total revenue producers in 2026, supporting loan and core deposit growth, with loan growth expected to accelerate from mid to high single digits in H1 2026 to double digits in H2 2026.

Jan 22, 2026, 1:30 PM

Transcript

Pinnacle Financial Partners and Synovus Announce Q4 2025 Results and 2026 Outlook

PNFP

Earnings

Guidance Update

Pinnacle Financial Partners (PNFP) reported Q4 2025 GAAP diluted EPS of $2.13 and adjusted diluted EPS of $2.24, with total revenue reaching $542,204 thousand.
Synovus reported Q4 2025 GAAP diluted EPS of $1.22 and adjusted diluted EPS of $1.45, with total revenue of $629,671 thousand.
As of Q4 2025, PNFP's loans stood at $39,154 million and deposits at $47,397 million , while Synovus reported loans of $44,626 million and deposits of $51,324 million.
The 2026 outlook projects loans between $91.0 billion and $93.0 billion and deposits between $106.5 billion and $108.5 billion, with an anticipated Net Interest Margin (NIM) range of 3.45% to 3.55%.

Jan 22, 2026, 1:30 PM

Presentation

PNFP Reports 4Q25 Diluted EPS of $2.13 and Adjusted Diluted EPS of $2.24

PNFP

Earnings

M&A

Revenue Acceleration/Inflection

Pinnacle Financial Partners, Inc. (PNFP) reported net income per diluted common share of $2.13 for the quarter ended Dec. 31, 2025, an 11.5 percent increase from $1.91 in the prior year quarter. For the full year ended Dec. 31, 2025, diluted EPS was $8.07, up 35.4 percent from $5.96 in the prior year.
Adjusted diluted EPS for the quarter ended Dec. 31, 2025, was $2.24, an increase of 17.9 percent compared to $1.90 for the same period in 2024. Full-year adjusted diluted EPS for 2025 was $8.37, a 21.5 percent increase from $6.89 in 2024.
The merger of legacy Pinnacle and Synovus Financial Corp. closed on January 1, 2026, aiming to create one of the leading regional banks in the industry.
For the fourth quarter of 2025, total revenues were $542.2 million, a 14.1 percent year-over-year increase. Loans grew by $1.2 billion in Q4 2025, and year-over-year core deposits increased by 10.2 percent.
The tangible book value per share stood at $63.71 at Dec. 31, 2025, marking a 13.3 percent increase over the previous year.

Jan 21, 2026, 9:51 PM

Press Release

Pinnacle Financial Partners Announces Synovus' Fourth Quarter and Full Year 2025 Earnings

PNFP

Earnings

M&A

Synovus reported diluted earnings per share of $1.22 and adjusted diluted earnings per share of $1.45 for the fourth quarter of 2025.
The merger of Pinnacle Financial Partners and Synovus closed on January 1, 2026.
For the full year 2025, Synovus' net income available to common shareholders was $746.7 million, or $5.33 per diluted share, with adjusted EPS of $5.69 per diluted share.
In Q4 2025, Synovus' net interest income increased 2% sequentially and 7% year-over-year to $484.577 million, while non-interest revenue rose 3% sequentially and 16% year-over-year to $145.094 million.
Credit quality remained healthy in Q4 2025, with a non-performing loan ratio of 0.57% and an annualized net charge-off ratio of 0.22%.

Jan 21, 2026, 9:50 PM

Press Release

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Earnings Transcripts

Quarterly earnings call transcripts for Pinnacle Financial Partners.

Q4 2025

Jan 22, 2026

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Q2 2025

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