Pinnacle Financial Partners Inc - Understand $pnfp stock

$PNFP Market Cap: $9.617 Billion

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Financial Snapshot

Revenue

$2.659B

TTM

Gross Margin

Net Earnings

$403.6M

TTM

Current Assets

Current Liabilities

$269.2M

Q3 2024

Current Ratio

Total Assets

$50.70B

Q3 2024

Total Liabilities

$44.36B

Q3 2024

Book Value

$6.344B

Q3 2024

Cash

$2.833B

Q3 2024

P/E

23.83

Nov 29, 2024 EST

Free Cash Flow

$425.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	$2.353B	$1.374B	$1.031B	$1.021B	$1.068B	$946.7M	$636.1M	$363.6M	$255.2M
YoY Change	71.29%	33.23%	1.0%	-4.39%	12.8%	48.82%	74.95%	42.5%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$2.353B	$1.374B	$1.031B	$1.021B	$1.068B	$946.7M	$636.1M	$363.6M	$255.2M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$30.20M	$25.90M	$22.20M	$22.80M	$22.10M	$21.50M	$13.70M	$9.900M	$8.500M	$9.300M	$9.200M	$10.20M	$11.00M	$11.50M	$10.80M	$7.300M	$3.800M	$1.400M	$1.700M	$1.200M	$1.000M	$700.0K	$600.0K	$100.0K
YoY Change	16.6%	16.67%	-2.63%	3.17%	2.79%	56.93%	38.38%	16.47%	-8.6%	1.09%	-9.8%	-7.27%	-4.35%	6.48%	47.95%	92.11%	171.43%	-17.65%	41.67%	20.0%	42.86%	16.67%	500.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	$1.091B	$244.6M	$98.81M	$199.3M	$301.8M	$210.4M	$92.83M	$38.62M	$18.54M
YoY Change	346.06%	147.58%	-50.41%	-33.98%	43.46%	126.62%	140.4%	108.31%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Pretax Income	$714.0M	$697.5M	$651.9M	$371.4M	$497.5M	$449.9M	$298.0M	$191.4M	$143.1M	$105.7M	$85.90M	$62.50M	$28.50M	-$19.90M	-$64.90M	$43.20M	$33.00M	$26.40M	$11.20M	$7.500M	$4.000M	$1.000M	-$3.200M	-$2.300M
YoY Change	2.37%	6.99%	75.55%	-25.36%	10.58%	51.0%	55.7%	33.74%	35.38%	23.05%	37.44%	119.3%	-243.22%	-69.34%	-250.23%	30.91%	25.0%	135.71%	49.33%	87.5%	300.0%	-131.25%	39.13%
Income Tax	$151.9M	$136.8M	$124.6M	$59.04M	$96.66M	$90.51M	$124.0M	$64.16M	$47.59M	$35.20M	$28.20M	$20.60M	-$15.20M	$4.400M	-$29.40M	$12.40M	$10.00M	$8.500M	$3.200M	$2.200M	$1.400M	$400.0K	-$2.100M	$0.00
% Of Pretax Income	21.27%	19.61%	19.11%	15.9%	19.43%	20.12%	41.62%	33.52%	33.26%	33.3%	32.83%	32.96%	-53.33%			28.7%	30.3%	32.2%	28.57%	29.33%	35.0%	40.0%
Net Earnings	$547.0M	$545.6M	$527.3M	$312.3M	$400.9M	$359.4M	$174.0M	$127.2M	$95.51M	$70.50M	$57.70M	$41.90M	$43.70M	-$24.30M	-$35.50M	$30.90M	$23.00M	$17.90M	$8.100M	$5.300M	$2.600M	$600.0K	-$1.100M	-$2.300M
YoY Change	0.26%	3.46%	68.84%	-22.09%	11.53%	106.6%	36.75%	33.21%	35.47%	22.18%	37.71%	-4.12%	-279.84%	-31.55%	-214.89%	34.35%	28.49%	120.99%	52.83%	103.85%	333.33%	-154.55%	-52.17%
Net Earnings / Revenue	23.24%	39.71%	51.14%	30.59%	37.54%	37.97%	27.35%	34.99%	37.43%
Basic Earnings Per Share	$7.20	$7.20	$6.79	$4.04	$5.25	$4.66	$2.73	$2.96	$2.58
Diluted Earnings Per Share	$7.14	$7.166M	$6.75	$4.03	$5.22	$4.64	$2.70	$2.91	$2.52	$2.009M	$1.672M	$1.214M	$1.282M	-$740.9K	-$1.250M	$1.282M	$1.329M	$1.178M	$852.6K	$609.2K	$329.1K	$96.77K	-$275.0K	-$605.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$256.9M	$327.9M	$381.0M	$374.0M	$354.0M	$266.0M	$266.0M	$89.00M	$78.00M	$72.00M	$73.00M	$76.00M	$77.00M	$82.00M	$81.00M	$69.00M	$68.00M	$36.00M	$13.00M	$11.00M	$7.000M	$4.000M	$3.000M	$3.000M
YoY Change	-21.66%	-13.94%	1.87%	5.65%	33.08%	0.0%	198.88%	14.1%	8.33%	-1.37%	-3.95%	-1.3%	-6.1%	1.23%	17.39%	1.47%	88.89%	176.92%	18.18%	57.14%	75.0%	33.33%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$445.2M	$443.2M	$361.0M	$309.0M	$278.0M	$239.0M	$222.0M	$205.0M	$89.00M	$38.00M	$33.00M	$27.00M	$45.00M	$42.00M	$40.00M	$34.00M	$23.00M	$16.00M	$7.000M	$4.000M	$3.000M
YoY Change	0.46%	22.77%	16.83%	11.15%	16.32%	7.66%	8.29%	130.34%	134.21%	15.15%	22.22%	-40.0%	7.14%	5.0%	17.65%	47.83%	43.75%	128.57%	75.0%	33.33%
Other Assets					$44.00M	$85.00M	$76.00M	$50.00M		$21.00M	$26.00M
YoY Change					-48.24%	11.84%	52.0%			-19.23%
Total Long-Term Assets
YoY Change
Total Assets	$47.96B	$41.97B	$38.47B	$34.93B	$27.81B	$25.03B	$22.21B	$11.20B	$8.715B	$6.018B	$5.564B	$5.041B	$4.864B	$4.909B	$5.129B	$4.754B	$3.794B	$2.142B	$1.017B	$727.0M	$498.0M	$305.0M	$175.0M	$39.00M
YoY Change
Accounts Payable	$66.97M	$19.48M	$13.00M	$25.00M	$42.00M	$24.00M	$10.00M	$6.000M	$3.000M	$1.000M	$1.000M	$1.000M	$2.000M	$5.000M	$7.000M	$8.000M	$10.00M	$5.000M	$2.000M	$1.000M	$1.000M
YoY Change	243.81%	49.83%	-48.0%	-40.48%	75.0%	140.0%	66.67%	100.0%	200.0%	0.0%	0.0%	-50.0%	-60.0%	-28.57%	-12.5%	-20.0%	100.0%	150.0%	100.0%	0.0%
Accrued Expenses	$304.9M	$133.1M	$98.00M	$88.00M	$83.00M
YoY Change	129.1%	35.82%	11.36%	6.02%
Deferred Revenue
YoY Change
Short-Term Debt	$209.5M	$194.9M	$153.0M	$128.0M	$126.0M	$105.0M	$135.0M	$86.00M	$79.00M	$94.00M	$70.00M	$115.0M	$132.0M	$146.0M	$275.0M	$256.0M	$196.0M	$141.0M	$66.00M	$32.00M	$15.00M	$15.00M	$15.00M	$0.00
YoY Change	7.48%	27.39%	19.53%	1.59%	20.0%	-22.22%	56.98%	8.86%	-15.96%	34.29%	-39.13%	-12.88%	-9.59%	-46.91%	7.42%	30.61%	39.01%	113.64%	106.25%	113.33%	0.0%	0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$276.5M	$19.48M	$111.0M	$113.0M	$125.0M	$24.00M	$10.00M	$6.000M	$3.000M	$1.000M	$1.000M	$1.000M	$2.000M	$5.000M	$7.000M	$8.000M	$10.00M	$5.000M	$2.000M	$1.000M	$1.000M	$15.00M	$15.00M
YoY Change	1319.32%	-82.45%	-1.77%	-9.6%	420.83%	140.0%	66.67%	100.0%	200.0%	0.0%	0.0%	-50.0%	-60.0%	-28.57%	-12.5%	-20.0%	100.0%	150.0%	100.0%	0.0%	-93.33%	0.0%
Long-Term Debt	$424.9M	$424.1M	$426.0M	$674.0M	$752.0M	$485.0M	$466.0M	$351.0M	$142.0M	$96.00M	$99.00M	$106.0M	$97.00M	$97.00M	$97.00M	$97.00M	$82.00M	$52.00M	$31.00M	$10.00M	$10.00M	$0.00	$0.00	$0.00
YoY Change	0.21%	-0.46%	-36.8%	-10.37%	55.05%	4.08%	32.76%	147.18%	47.92%	-3.03%	-6.6%	9.28%	0.0%	0.0%	0.0%	18.29%	57.69%	67.74%	210.0%	0.0%
Other Long-Term Liabilities	$544.7M	$386.5M	$277.0M	$320.0M	$202.0M	$159.0M	$115.0M	$90.00M	$64.00M	$47.00M	$46.00M	$48.00M	$42.00M	$28.00M	$12.00M	$30.00M	$12.00M	$13.00M	$3.000M	$2.000M	$3.000M	$2.000M	$1.000M	$0.00
YoY Change	40.93%	39.54%	-13.44%	58.42%	27.04%	38.26%	27.78%	40.63%	36.17%	2.17%	-4.17%	14.29%	50.0%	133.33%	-60.0%	150.0%	-7.69%	333.33%	50.0%	-33.33%	50.0%	100.0%
Total Long-Term Liabilities	$969.7M	$810.6M	$703.0M	$994.0M	$954.0M	$644.0M	$581.0M	$441.0M	$206.0M	$143.0M	$145.0M	$154.0M	$139.0M	$125.0M	$109.0M	$127.0M	$94.00M	$65.00M	$34.00M	$12.00M	$13.00M	$2.000M	$1.000M	$0.00
YoY Change	19.63%	15.3%	-29.28%	4.19%	48.14%	10.84%	31.75%	114.08%	44.06%	-1.38%	-5.84%	10.79%	11.2%	14.68%	-14.17%	35.11%	44.62%	91.18%	183.33%	-7.69%	550.0%	100.0%
Total Liabilities	$41.92B	$36.45B	$33.16B	$30.03B	$23.45B	$21.07B	$18.50B	$9.698B	$7.559B	$5.216B	$4.840B	$4.361B	$4.154B	$4.232B	$4.428B	$4.127B	$3.328B	$1.886B	$953.0M	$669.0M	$464.0M	$273.0M	$157.0M	$23.00M
YoY Change	15.02%	9.93%	10.43%	28.05%	11.32%	13.88%	90.74%	28.3%	44.92%	7.77%	10.98%	4.98%	-1.84%	-4.43%	7.29%	24.01%	76.46%	97.9%	42.45%	44.18%	69.96%	73.89%	582.61%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Basic Shares Outstanding	76.02M shares	75.74M shares	75.47M shares	75.38M shares	76.36M shares	77.11M shares	63.76M shares	43.04M shares	37.02M shares
Diluted Shares Outstanding	76.65M shares	76.13M shares	75.93M shares	75.65M shares	76.76M shares	77.45M shares	64.33M shares	43.73M shares	37.97M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $9.617 Billion

About PINNACLE FINANCIAL PARTNERS INC

Pinnacle Financial Partners, Inc. is a bank holding company, which engages in the provision of financial solutions. The company is headquartered in Nashville, Tennessee and currently employs 3,357 full-time employees. The company went IPO on 2000-08-18. The firm operates through its wholly owned subsidiary, Pinnacle Bank (the Bank). The Bank is a Tennessee state-chartered bank. The company offers a range of lending products, including commercial, real estate and consumer loans to individuals, businesses, and professional entities. The Bank is also focused on offering core deposits, including savings, noninterest-bearing checking, interest-bearing checking, money market and certificate of deposit accounts, including access to products offered through various IntraFi Network Deposit programs. The Bank also provides fiduciary and investment services through its Trust & Investment Services department. Its treasury management services include, online wire origination, automated bill pay services, positive pay, and others. The company operates approximately 128 offices, including 51 in Tennessee, 39 in North Carolina, 21 in South Carolina, 10 in Virginia, three in Georgia.

Industry: National Commercial Banks Peers: BOK FINANCIAL CORP COMMERCE BANCSHARES INC /MO/ FIRST FINANCIAL BANKSHARES INC SouthState Corp PNC FINANCIAL SERVICES GROUP, INC. PROSPERITY BANCSHARES INC ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ WESTERN ALLIANCE BANCORPORATION WEBSTER FINANCIAL CORP