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PINNACLE FINANCIAL PARTNERS (PNFP) Stock Fundamental Analysis

NASDAQ:PNFP - Nasdaq - US72346Q1040 - Common Stock - Currency: USD

117.83  +0.83 (+0.71%)

After market: 117.83 0 (0%)

Fundamental Rating

4

PNFP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 395 industry peers in the Banks industry. Both the profitability and financial health of PNFP have multiple concerns. PNFP is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

PNFP had positive earnings in the past year.
In the past year PNFP had a positive cash flow from operations.
In the past 5 years PNFP has always been profitable.
Each year in the past 5 years PNFP had a positive operating cash flow.
PNFP Yearly Net Income VS EBIT VS OCF VS FCFPNFP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

1.2 Ratios

PNFP's Return On Assets of 0.88% is in line compared to the rest of the industry. PNFP outperforms 53.42% of its industry peers.
Looking at the Return On Equity, with a value of 7.28%, PNFP is in line with its industry, outperforming 41.27% of the companies in the same industry.
Industry RankSector Rank
ROA 0.88%
ROE 7.28%
ROIC N/A
ROA(3y)1.1%
ROA(5y)1.1%
ROE(3y)8.7%
ROE(5y)8.39%
ROIC(3y)N/A
ROIC(5y)N/A
PNFP Yearly ROA, ROE, ROICPNFP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

With a decent Profit Margin value of 26.89%, PNFP is doing good in the industry, outperforming 70.63% of the companies in the same industry.
PNFP's Profit Margin has declined in the last couple of years.
PNFP does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 26.89%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-11.78%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
PNFP Yearly Profit, Operating, Gross MarginsPNFP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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3

2. Health

2.1 Basic Checks

PNFP does not have a ROIC to compare to the WACC, probably because it is not profitable.
PNFP has more shares outstanding than it did 1 year ago.
PNFP has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PNFP has been reduced compared to a year ago.
PNFP Yearly Shares OutstandingPNFP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
PNFP Yearly Total Debt VS Total AssetsPNFP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

The Debt to FCF ratio of PNFP is 1.18, which is an excellent value as it means it would take PNFP, only 1.18 years of fcf income to pay off all of its debts.
PNFP has a Debt to FCF ratio of 1.18. This is in the better half of the industry: PNFP outperforms 69.11% of its industry peers.
PNFP has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.11, PNFP is in the better half of the industry, outperforming 68.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.18
Altman-Z N/A
ROIC/WACCN/A
WACC16.82%
PNFP Yearly LT Debt VS Equity VS FCFPNFP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
PNFP Yearly Current Assets VS Current LiabilitesPNFP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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5

3. Growth

3.1 Past

PNFP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.97%.
The Earnings Per Share has been growing slightly by 2.00% on average over the past years.
PNFP shows a small growth in Revenue. In the last year, the Revenue has grown by 2.89%.
Measured over the past years, PNFP shows a quite strong growth in Revenue. The Revenue has been growing by 11.02% on average per year.
EPS 1Y (TTM)-5.97%
EPS 3Y-4.22%
EPS 5Y2%
EPS Q2Q%23.38%
Revenue 1Y (TTM)2.89%
Revenue growth 3Y9.35%
Revenue growth 5Y11.02%
Sales Q2Q%8.11%

3.2 Future

PNFP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.72% yearly.
PNFP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.95% yearly.
EPS Next Y32.84%
EPS Next 2Y22.03%
EPS Next 3Y19.72%
EPS Next 5YN/A
Revenue Next Year13.42%
Revenue Next 2Y12.6%
Revenue Next 3Y11.95%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
PNFP Yearly Revenue VS EstimatesPNFP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B 2.5B
PNFP Yearly EPS VS EstimatesPNFP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8 10

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 18.70, which indicates a rather expensive current valuation of PNFP.
Compared to the rest of the industry, the Price/Earnings ratio of PNFP indicates a slightly more expensive valuation: PNFP is more expensive than 76.46% of the companies listed in the same industry.
PNFP is valuated rather cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.32, the valuation of PNFP can be described as correct.
PNFP's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. PNFP is more expensive than 69.11% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. PNFP is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 18.7
Fwd PE 13.32
PNFP Price Earnings VS Forward Price EarningsPNFP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, PNFP is valued a bit more expensive than the industry average as 60.76% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 15.64
EV/EBITDA N/A
PNFP Per share dataPNFP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PNFP's earnings are expected to grow with 19.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.57
PEG (5Y)9.35
EPS Next 2Y22.03%
EPS Next 3Y19.72%

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5

5. Dividend

5.1 Amount

PNFP has a yearly dividend return of 0.88%, which is pretty low.
Compared to an average industry Dividend Yield of 3.47, PNFP's dividend is way lower than its industry peers. On top of this 84.05% of the companies listed in the same industry pay a better dividend than PNFP!
Compared to an average S&P500 Dividend Yield of 2.42, PNFP's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.88%

5.2 History

On average, the dividend of PNFP grows each year by 11.22%, which is quite nice.
PNFP has paid a dividend for at least 10 years, which is a reliable track record.
PNFP has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.22%
Div Incr Years0
Div Non Decr Years11
PNFP Yearly Dividends per sharePNFP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

18.01% of the earnings are spent on dividend by PNFP. This is a low number and sustainable payout ratio.
The dividend of PNFP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP18.01%
EPS Next 2Y22.03%
EPS Next 3Y19.72%
PNFP Yearly Income VS Free CF VS DividendPNFP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
PNFP Dividend Payout.PNFP Dividend Payout, showing the Payout Ratio.PNFP Dividend Payout.PayoutRetained Earnings

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PINNACLE FINANCIAL PARTNERS

NASDAQ:PNFP (7/3/2025, 8:00:57 PM)

After market: 117.83 0 (0%)

117.83

+0.83 (+0.71%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-14 2025-04-14/amc
Earnings (Next)07-22 2025-07-22/amc
Inst Owners87.79%
Inst Owner Change-2.35%
Ins Owners1.67%
Ins Owner Change11.12%
Market Cap9.14B
Analysts78.82
Price Target121.43 (3.06%)
Short Float %1.97%
Short Ratio3.66
Dividend
Industry RankSector Rank
Dividend Yield 0.88%
Yearly Dividend1.09
Dividend Growth(5Y)11.22%
DP18.01%
Div Incr Years0
Div Non Decr Years11
Ex-Date05-02 2025-05-02 (0.24)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.21%
Min EPS beat(2)3.56%
Max EPS beat(2)4.85%
EPS beat(4)3
Avg EPS beat(4)-12.42%
Min EPS beat(4)-60.92%
Max EPS beat(4)4.85%
EPS beat(8)5
Avg EPS beat(8)-5.56%
EPS beat(12)7
Avg EPS beat(12)-4.25%
EPS beat(16)11
Avg EPS beat(16)-1.02%
Revenue beat(2)0
Avg Revenue beat(2)-4.93%
Min Revenue beat(2)-6.19%
Max Revenue beat(2)-3.68%
Revenue beat(4)0
Avg Revenue beat(4)-7%
Min Revenue beat(4)-17.4%
Max Revenue beat(4)-0.71%
Revenue beat(8)0
Avg Revenue beat(8)-5.36%
Revenue beat(12)2
Avg Revenue beat(12)-4.44%
Revenue beat(16)4
Avg Revenue beat(16)-3.28%
PT rev (1m)5.54%
PT rev (3m)-7.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.11%
EPS NY rev (1m)0.19%
EPS NY rev (3m)-0.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.67%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)-0.77%
Valuation
Industry RankSector Rank
PE 18.7
Fwd PE 13.32
P/S 5.16
P/FCF 15.64
P/OCF 13.33
P/B 1.4
P/tB 1.96
EV/EBITDA N/A
EPS(TTM)6.3
EY5.35%
EPS(NY)8.85
Fwd EY7.51%
FCF(TTM)7.53
FCFY6.39%
OCF(TTM)8.84
OCFY7.5%
SpS22.84
BVpS84.36
TBVpS60.26
PEG (NY)0.57
PEG (5Y)9.35
Profitability
Industry RankSector Rank
ROA 0.88%
ROE 7.28%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 26.89%
GM N/A
FCFM 32.98%
ROA(3y)1.1%
ROA(5y)1.1%
ROE(3y)8.7%
ROE(5y)8.39%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-11.78%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.18
Debt/EBITDA N/A
Cap/Depr 98.32%
Cap/Sales 5.7%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 122.67%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC16.82%
ROIC/WACCN/A
Cap/Depr(3y)100.35%
Cap/Depr(5y)86.53%
Cap/Sales(3y)4.79%
Cap/Sales(5y)3.92%
Profit Quality(3y)115.93%
Profit Quality(5y)119.73%
High Growth Momentum
Growth
EPS 1Y (TTM)-5.97%
EPS 3Y-4.22%
EPS 5Y2%
EPS Q2Q%23.38%
EPS Next Y32.84%
EPS Next 2Y22.03%
EPS Next 3Y19.72%
EPS Next 5YN/A
Revenue 1Y (TTM)2.89%
Revenue growth 3Y9.35%
Revenue growth 5Y11.02%
Sales Q2Q%8.11%
Revenue Next Year13.42%
Revenue Next 2Y12.6%
Revenue Next 3Y11.95%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-29.01%
FCF growth 3Y8.38%
FCF growth 5Y15.7%
OCF growth 1Y-24.91%
OCF growth 3Y11.21%
OCF growth 5Y15.95%