Overview

* Pinnacle Q3 revenue increased 16.7% yr/yr, driven by loan growth

* Adjusted EPS for Q3 increased 22% yr/yr, reflecting improved operational performance

* Pinnacle progresses on Synovus merger, expects regulatory approvals by early 2026

Outlook

* Pinnacle expects continued expansion of net interest margin in Q4 2025

* Company anticipates Federal funds rate decreases in Q4 2025

* Pinnacle projects cost savings of $250 mln from Synovus merger

Result Drivers

* LOAN GROWTH - Co cites strong loan growth, particularly in the commercial and industrial segment, as a key driver of Q3 results

* NONINTEREST INCOME - Significant contribution from Banker's Healthcare Group boosted noninterest income, aiding overall revenue growth

* NET INTEREST MARGIN - Deliberate focus on managing funding costs led to an expanded net interest margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $544.80

Revenue mln

Q3 EPS $2.19

Q3 Net $396.87

Interest mln

Income

Q3 Net 3.26%

Interest

Margin

(%)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Pinnacle Financial Partners Inc ( PNFP ) is $110.00, about 18.1% above its October 15 closing price of $90.09

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)