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Pinnacle Financial Partners (NASDAQ:PNFP) Beats Q3 Sales Expectations

By: StockStory

October 16, 2025 at 06:26 AM EDT

PNFP Cover Image

Regional banking company Pinnacle Financial Partners (NASDAQ: PNFP) reported Q3 CY2025 results beating Wall Street’s revenue expectations, with sales up 16.7% year on year to $544.8 million. Its GAAP profit of $2.19 per share was 7.8% above analysts’ consensus estimates.

Is now the time to buy Pinnacle Financial Partners? Find out by accessing our full research report, it’s free for active Edge members.

Pinnacle Financial Partners (PNFP) Q3 CY2025 Highlights:

Net Interest Income: $396.9 million vs analyst estimates of $397.4 million (12.9% year-on-year growth, in line)
Net Interest Margin: 3.3% vs analyst estimates of 3.2% (2.4 basis point beat)
Revenue: $544.8 million vs analyst estimates of $519.9 million (16.7% year-on-year growth, 4.8% beat)
Efficiency Ratio: 55.6% vs analyst estimates of 55.6% (9 basis point miss)
EPS (GAAP): $2.19 vs analyst estimates of $2.03 (7.8% beat)
Tangible Book Value per Share: $61.53 vs analyst estimates of $60.60 (10.6% year-on-year growth, 1.5% beat)
Market Capitalization: $6.93 billion

Company Overview

Founded in 2000 with a focus on delivering big-bank capabilities with community bank personalization, Pinnacle Financial Partners (NASDAQ: PNFP) is a Tennessee-based financial holding company that provides banking, investment, trust, mortgage, and insurance services to businesses and individuals.

Sales Growth

Net interest income and and fee-based revenue are the two pillars supporting bank earnings. The former captures profit from the gap between lending rates and deposit costs, while the latter encompasses charges for banking services, credit products, wealth management, and trading activities. Thankfully, Pinnacle Financial Partners’s 12.8% annualized revenue growth over the last five years was excellent. Its growth beat the average banking company and shows its offerings resonate with customers.

Pinnacle Financial Partners Quarterly Revenue

We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Pinnacle Financial Partners’s annualized revenue growth of 9.4% over the last two years is below its five-year trend, but we still think the results suggest healthy demand. Pinnacle Financial Partners Year-On-Year Revenue Growth Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.

This quarter, Pinnacle Financial Partners reported year-on-year revenue growth of 16.7%, and its $544.8 million of revenue exceeded Wall Street’s estimates by 4.8%.

Net interest income made up 74.4% of the company’s total revenue during the last five years, meaning lending operations are Pinnacle Financial Partners’s largest source of revenue.

Pinnacle Financial Partners Quarterly Net Interest Income as % of Revenue

While banks generate revenue from multiple sources, investors view net interest income as the cornerstone - its predictable, recurring characteristics stand in sharp contrast to the volatility of non-interest income.

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Tangible Book Value Per Share (TBVPS)

The balance sheet drives banking profitability since earnings flow from the spread between borrowing and lending rates. As such, valuations for these companies concentrate on capital strength and sustainable equity accumulation potential.

This is why we consider tangible book value per share (TBVPS) the most important metric to track for banks. TBVPS represents the real, liquid net worth per share of a bank, excluding intangible assets that have debatable value upon liquidation. Other (and more commonly known) per-share metrics like EPS can sometimes be murky due to M&A or accounting rules allowing for loan losses to be spread out.

Pinnacle Financial Partners’s TBVPS grew at an incredible 11.4% annual clip over the last five years. The last two years show a similar trajectory as TBVPS grew by 11.8% annually from $49.24 to $61.53 per share.

Pinnacle Financial Partners Quarterly Tangible Book Value per Share

Over the next 12 months, Consensus estimates call for Pinnacle Financial Partners’s TBVPS to remain flat at roughly $61.52, a disappointing projection.

Key Takeaways from Pinnacle Financial Partners’s Q3 Results

We enjoyed seeing Pinnacle Financial Partners beat analysts’ revenue expectations this quarter. We were also happy its tangible book value per share outperformed Wall Street’s estimates. Overall, we think this was a decent quarter with some key metrics above expectations. The stock remained flat at $90.25 immediately after reporting.

Pinnacle Financial Partners had an encouraging quarter, but one earnings result doesn’t necessarily make the stock a buy. Let’s see if this is a good investment. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it’s free for active Edge members.

Symbol	Price	Change (%)
AMZN	213.04	-1.43 (-0.67%)
AAPL	252.29	+4.84 (1.96%)
AMD	233.08	-1.48 (-0.63%)
BAC	51.28	+0.84 (1.67%)
GOOG	253.79	+1.91 (0.76%)
META	716.91	+4.84 (0.68%)
MSFT	513.58	+1.97 (0.39%)
NVDA	183.16	+1.35 (0.74%)
ORCL	291.31	-21.69 (-6.93%)
TSLA	439.31	+10.56 (2.46%)

Symbol

Price

Change (%)

AMZN

213.04

-1.43 (-0.67%)

AAPL

252.29

+4.84 (1.96%)

AMD

233.08

-1.48 (-0.63%)

BAC

51.28

+0.84 (1.67%)

GOOG

253.79

+1.91 (0.76%)

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