Pinnacle Financial Partners, Inc.

National Commercial Banks

PNFPMixed10 of 11 basics passed

$93.99

-0.72%

Market cap $14.2B

$93.99

-0.72%

Market cap $14.2B

Pinnacle Financial Partners Inc is a financial holding company. The company operates through its wholly-owned subsidiary, Pinnacle Bank.

It is a $14.2B financial services company. Revenue grew 455.1% over the last year, and it keeps 14¢ of every dollar of sales as profit. It trades at 17.3× earnings — in the cheapest third of its own history.

Website: pnfp.com
Location: Atlanta, GA
Employees: 3 709
Sector: Financial Services
Founded: 2000

Share price · 3 years

$67.59 → $93.99+39.1%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $5.99B
Profit: keeps 14¢ of every $1 sold; $829M
Free cash flow: cash left after running the business; $1.45B
Net cash: more cash than debt; $527M
P/E: years of profit in the price; 17.3
EPS: earnings per share, TTM; $10.67
Dividend: pays out 27% of profit · 15% of FCF; 1.58%
Shares: up 78% since 2016 — dilution; 77.7M
Volatility: beta vs the market — under 1 swings less; 1.06

Revenue, last 10 years

52-week range

Low $82.10$93.99High $109.03

Today's price is 44% of the way from the year's low to its high.

P/E vs its history5y

17.8×median 23.2×

Higher than 13% of past days — in the cheapest third of its own history.

Valuation vs own history

P/E

17.8×

87%

P/S

3.0×

99%

P/B

1.0×

98%

FCF yield

10.2%

96%

Share of the last ~5 years that was pricier than today (unusually cheap vs its own history). Based on the daily valuation record.

Insider activity · 90 days

-$17.9Mnet selling

Purchases$1.30M

Sales$19.2M

Insiders trading, last 14d0 buy · 0 sell

Standing in Financial Services

Size$14.2Btop 68%
Revenue growth+9%top 54%
Net margin36%top 9%
Return on equity8%top 79%
P/E17.3×top 62%
Dividend yield1.58%top 62%

Ranked against 129 Financial Services companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation and growth; Quality lags behind.

Valuation80

P/E vs own history13th pct · 25/25
FCF yield10.2% · 25/25
P/S3.2x · 20/25
EV/EBITDAn/a · 10/25

Growth82

Revenue CAGR23.3% · 25/25
Net income CAGR5.0% · 12/25
EPS CAGR ~5Y14.9% · 20/25
Fwd implied growth103.0% · 25/25

Profitability62

ROIC9.8% · 12/25
ROE7.6% · 5/25
Net margin13.8% · 20/25
Operating margin44.7% · 25/25

Health53

Altman Z0.07 · 3/25
Current ration/a · 0/25
Interest coverageno interest expense · 25/25
Net cash / debtNet cash · 25/25

Quality46

Piotroski F6/9 · 15/25
Beneish M-1.53 · 6/25
FCF conversion175% · 25/25
Margin stabilityn/a · 0/25

Moat50

ROIC >12% yearsn/a · 0/25
Median gross marginn/a · 0/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 19.4% · 25/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

Q3 2026Insiders
3 open-market insider purchases
~13K shares bought by insiders
FY2025Financial
Best year on record
$642M net income
FY2024Financial
Became debt-free
cash now exceeds total debt
FY2018Financial
Revenue crossed $1B
$1.15B for the year
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Positive free cash flow every year since
10-year streak
2002IPO
The company went public on the NASDAQ with the symbol PNFP
Feb 20, 2000Founded
The company was founded on February 20, 2000, by twelve Nashville businessmen who wished to create a locally owned…

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$10 140 today — price return only

$3.3B revenue in FY2025

Revenue up 455.1% year over year

Profitable 10 years in a row

Positive free cash flow 10 years in a row

3 709 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 455.1% year over year
Strong cash conversion — FCF is 24.2% of revenue
Net cash position after subtracting debt from cash

Watch-outs

Altman Z-Score 0.07 — elevated financial-distress risk

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

10 of 11 checks passed

Revenue growing — the company sells more than a year ago+455.1% YoY
Profitable — makes more than it spends$829M TTM
Profit growing — earnings are higher than last year+3.9% YoY
Generates cash — cash left after running and investing$1.45B TTM
Debt under control — could handle its obligationsmore cash than debt
Established company — not a micro-cap — lower blow-up risk$14.2B market cap
Not printing shares — share count not ballooning — you keep your slice+2.7% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distressAltman Z 0.1 — distress
Pays a dividend — returns cash to shareholdersyield 1.58%
Valuation not extreme — price not wildly above earningsP/E 17.3

Peer comparisonPinnacle Financial Partners, Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
PNFP this company	$14.2B	17.3	+455.1%	13.8%	Mixed
BRK.A Berkshire Hathaway Inc.	$1.1T	11.6	+3.9%	22.3%	Mixed
BRK.B Berkshire Hathaway	$1.1T	11.6	+0.0%	18.0%	Strong
JPM JPMorgan Chase & Co.	$886.2B	13.6	+13.5%	32.6%	Strained
V VISA Inc.	$723.9B	31.9	+14.4%	50.8%	Solid
MA Mastercard Incorporated	$516.4B	31.7	+16.0%	46.3%	Mixed
BAC Bank of America Corporation	$380.4B	11.3	+15.9%	27.8%	Mixed

Head-to-head: PNFP vs BRK.A · PNFP vs BRK.B · PNFP vs JPM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 14Hold 6

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $5.99B · net income $829M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

RevenueNet income

Revenue (TTM)

$5.99B

YoY 455.1%

Net income (TTM)

$829M

Margin 13.8%

Operating margin

44.7%

P/E ratio

17.3

Dividend yield

1.58%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	1.3	1.4	1.8	2.8	1.6	3.3
Gross profit	—	—	—	—	—	—
Operating income (EBIT)	—	—	—	—	—	—
Net income	0.3	0.5	0.6	0.6	0.5	0.6
EPS (diluted)	4.13	6.95	7.37	7.33	5.96	8.26

Cash flowFree cash flow $1.45B · operating cash flow $1.54B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$1.45B

Margin 24.2%

Operating cash flow (TTM)

$1.54B

FCF margin

24.2%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.4	0.7	0.6	0.5	0.9	0.8
Capital expenditure	-0.0	-0.0	-0.1	-0.1	-0.1	-0.1
Free cash flow	0.4	0.6	0.5	0.4	0.8	0.7
FCF margin	29.1%	44.4%	30.2%	14.4%	50.1%	20.6%

Balance sheetAssets $57.7B · net cash $527M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $57.7B of assets is financed

88%

Liabilities $50.7B — borrowed moneyEquity $7.04B — owners' stake

Cash vs debt

Total debt $2.95B − cash $3.47B = net cash $527M

Cash on hand covers all debt.

Altman Z-Score

0.07

Distress zone

Debt repayment

Not needed

Cash already covers all debt

ROE

7.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	—	4.0	1.1	2.1	3.3	3.5
Total assets	34.9	38.5	42.0	48.0	52.6	57.7
Total liabilities	30.0	33.2	36.5	41.9	—	50.7
Total debt	—	1.6	1.3	3.1	2.9	2.9
Equity	4.9	5.3	5.5	6.0	6.4	7.0
Net debt	—	-2.4	0.2	1.0	-0.4	-0.5

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of PNFP on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $93.99 · market cap $14.2B.