Pinnacle Financial Partners, Inc. (NYSE: PNFP) shares traded up approximately 4.6% on Friday following the release of its fourth-quarter earnings and the recent completion of its merger with Synovus Financial.
The company’s market capitalization stands at approximately $14.9 billion.
Latest Quarterly Results
Pinnacle Financial reported consolidated revenue of $542.2 million for the quarter ended December 31, 2025, an increase of 14.1% compared to $475.3 million in the fourth quarter of 2024. Net income available to common stockholders for the quarter reached $164.3 million, up 11.6% from $147.2 million in the prior-year period.
Segment performance highlights for the quarter included:
- Net Interest Income: $407.4 million, reflecting a 12.0% increase year-over-year.
- Noninterest Income: $134.8 million, up 20.8% from the fourth quarter of 2024.
- Wealth Management and Trust: Trust fees totaled $11.4 million, while insurance sales commissions contributed $3.1 million.
- Service Charges: Revenue from service charges on deposit accounts was $18.7 million.
CHART — FINANCIAL TRENDS
Full-Year Results Context
For the full year 2025, Pinnacle Financial reported annual revenue of $2.055 billion, an 18.3% increase from $1.737 billion in 2024. Net income for the fiscal year was $622.5 million, compared to $459.7 million in the previous year. Financial data indicates a trend of growth in both total revenue and net profitability for the twelve-month period.
Business & Operations Update
Pinnacle Financial transitioned to a member bank of the Federal Reserve System during the quarter. The company added new offices in North Carolina and increased its workforce to approximately 8,000 employees. Operations focused on consolidating backend systems for its expanded regional platform.
M&A or Strategic Moves
The company completed its all-stock merger with Synovus Financial Corp. on January 2, 2026. The transaction resulted in a combined entity with pro forma assets of approximately $117.2 billion, deposits of $95.7 billion, and loans of $80.4 billion. The combined firm operates under the Pinnacle Financial Partners brand, with full brand conversion of Synovus locations scheduled for early 2027.
Equity Analyst Commentary
Institutional research from RBC Capital maintained a Buy rating on the stock following the merger close. Evercore ISI initiated coverage with a Buy-equivalent rating, citing the strategic scale of the Synovus acquisition. DA Davidson maintained a Neutral position, while Piper Sandler issued a rating upgrade earlier in the month. Reports from Zacks Equity Research and StockStory noted that while revenue and adjusted earnings per share were below consensus estimates for the quarter, underlying growth in tangible book value remained consistent.
Guidance & Outlook
Management projects 2026 loan growth between 9% and 11% and deposit growth between 8% and 10%. Adjusted revenue for 2026 is forecasted between $5.0 billion and $5.2 billion. The company expects to realize $100 million to $130 million in revenue synergies over 24 to 36 months.
Performance Summary
Pinnacle Financial shares moved higher Friday as the company reported a 14.1% increase in quarterly revenue and 11.6% growth in net profit. Results followed the integration of Synovus Financial. The 2026 outlook focuses on loan and deposit expansion in the Southeast.
