Pinnacle Financial Partners Stock Earnings Reports

Pinnacle completed its merger with Synovus on January 1 and delivered a strong first quarter as a combined company. Reported diluted EPS was $0.89 and adjusted diluted EPS was $2.39 (adjusted down by $275 million of merger-related costs). Organic growth was robust: approximately $2.1 billion in loan growth and $1.9 billion in core deposit growth in Q1, with net interest margin expanding to 3.53%. Adjusted noninterest revenue rose >20% year-over-year (combined), driven by core banking, wealth and capital markets; BHG equity income was $31 million. Credit remained stable (net charge-offs $49 million, 23 bps; NPA ratio 0.58%); allowance for credit losses ended at 1.19%. Integration is ahead of plan — leadership, technology decisions and recruiting are progressing (50 experienced revenue producers added in Q1, plus 37 hires/accepted offers in April). Management reiterated 2026 guidance: period-end loan growth 9–11% (ex-PAA mark), deposit growth 8–10%, adjusted revenue $5.0–$5.2 billion, NIM ~3.5%, adjusted noninterest expense $2.675–$2.775 billion, and net charge-offs 20–25 bps. Merger-related and LFI charges are expected to total $400–$450 million in 2026 (of $720M total), with ~40% ($100M) of merger savings realized this year. CET1 ended the quarter at 9.8% with a target to move toward ~10.25% by year-end; management sees potential capital tailwind from the proposed capital NPR. Technology/AI initiatives and cross-sell/revenue synergies (equipment finance, dealer finance, capital markets) are early contributors; systems and brand conversion remain on track for March 2027.