Pinnacle Financial Partners (PNFP)

Company Profile

Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Emprising®, their culture management platform, empowers leaders with the surveys, real-time reporting, and insights they need to make data-driven people decisions. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the US and more than 60 countries, including the 100 Best Companies to Work For® and World's Best list published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a Great Place to Work For All™.

Company profile

Ticker

PNFP, PNFPP

Exchange

NASDAQ

Website

www.pnfp.com

CEO

M. Terry Turner

Incorporated

Tennessee

Location

Tennessee

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

Bank Of America • JPMorgan Chase & Co. • U.S. Bancorp. • Capital One Financial • PNC Financial Services • Shinhan Financial • HSBC USA • Regions Financial • Citigroup • Keycorp ...

SEC CIK

0001115055

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

PFP Title Company • Pinnacle Community Development, Inc. • Pinnacle Community Development SLP, Inc. • PNFP Holdings, Inc. • PNFP Properties, Inc. • Pinnacle Wealth Advisors, Inc. • Pinnacle Credit Enhancement Holdings, Inc. • Pinnacle Rutherford Real Estate, Inc. • Pinnacle Nashville Real Estate, Inc. • Pinnacle Service Company ...

IRS number

621812853

PNFP stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$90.00

Low target

$85.00

High target

$95.00

Latest filings (excl ownership)

View all

8-K

Departure of Directors or Certain Officers

23 Jan 23

8-K

PNFP Reports Diluted Eps of $1.76, Roaa of 1.29% and Roatce of 15.95% for 4Q2022

4 Nov 22

Amendments to Articles of Incorporation or Bylaws

24 Oct 22

8-K

PNFP Reports Diluted Eps of $1.91, Roaa of 1.42% and Roatce of 17.40% for 3Q2022

5 Aug 22

PNFP Reports Diluted Eps of $1.86, Roaa of 1.46% and Roatce of 17.62% for 2Q2022

19 Jul 22

8-K

Departure of Directors or Certain Officers

6 May 22

Submission of Matters to a Vote of Security Holders

22 Apr 22

Transcripts

View all

PNFP

Earnings call transcript

2022 Q4

18 Jan 23

PNFP

Earnings call transcript

2022 Q3

19 Oct 22

PNFP

Earnings call transcript

2022 Q2

20 Jul 22

PNFP

Earnings call transcript

2022 Q1

19 Apr 22

PNFP

Earnings call transcript

2021 Q4

19 Jan 22

PNFP

Earnings call transcript

2021 Q3

13 Oct 21

PNFP

Earnings call transcript

2021 Q2

21 Jul 21

PNFP

Earnings call transcript

2021 Q1

20 Apr 21

PNFP

Earnings call transcript

2020 Q4

20 Jan 21

PNFP

Earnings call transcript

2020 Q3

21 Oct 20

Latest ownership filings

View all

13F-HR

Quarterly holdings report by institutional manager

Timothy Howard Huestis

RICHARD D CALLICUTT II

Financial summary

Financial statements Chart PNFP financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.80 bn	1.80 bn	1.80 bn	1.80 bn	1.80 bn	1.80 bn
Cash burn (monthly)	(no burn)	138.58 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	578.54 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.22 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	8.8	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

PNFP institutional ownership history Ownership history

75.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	376	389	-3.3%
Opened positions	41	47	-12.8%
Closed positions	54	47	+14.9%
Increased positions	136	151	-9.9%
Reduced positions	124	114	+8.8%

13F shares	Current	Prev Q	Change
Total value	4.69 bn	4.41 bn	+6.2%
Total shares	57.79 mm	60.98 mm	-5.2%
Total puts	11.90 k	14.40 k	-17.4%
Total calls	55.40 k	78.40 k	-29.3%
Total put/call ratio	0.2	0.2	+16.9%

Largest owners	Shares	Value	Change
Vanguard	6.82 mm	$553.26 mm	+0.3%
BLK Blackrock	6.82 mm	$553.12 mm	-3.3%
T. Rowe Price Investment Management	3.84 mm	$311.32 mm	NEW
Wasatch Advisors	1.78 mm	$144.56 mm	+25.1%
Dimensional Fund Advisors	1.51 mm	$122.45 mm	+1.6%
Mondrian Investment Partners	1.36 mm	$110.51 mm	+6.0%
MCQEF Macquarie	1.24 mm	$100.30 mm	-16.6%
IVZ Invesco	1.13 mm	$91.34 mm	-22.0%
Manufacturers Life Insurance Company, The	1.04 mm	$84.49 mm	-4.6%
Geode Capital Management	1.04 mm	$84.30 mm	+0.5%

Largest transactions	Shares	Bought/sold	Change
T. Rowe Price	110.18 k	-4.04 mm	-97.3%
T. Rowe Price Investment Management	3.84 mm	+3.84 mm	NEW
STT State Street	0.00	-2.94 mm	EXIT
AMP Ameriprise Financial	672.86 k	+531.99 k	+377.7%
Wasatch Advisors	1.78 mm	+357.98 k	+25.1%
IVZ Invesco	1.13 mm	-318.11 k	-22.0%
MCQEF Macquarie	1.24 mm	-245.45 k	-16.6%
BLK Blackrock	6.82 mm	-232.23 k	-3.3%
Renaissance Technologies	198.60 k	-222.00 k	-52.8%
Jennison Associates	997.58 k	+213.50 k	+27.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

PNFP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Jan 23	M Terry Turner	PNFP Common Stock	Payment of exercise	Dispose F	No	No	72.53	1,748	126.78 k	181,030
21 Jan 23	Robert A Mccabe JR	PNFP Common Stock	Payment of exercise	Dispose F	No	No	72.53	1,661	120.47 k	298,138
21 Jan 23	Queener Hugh M	PNFP Common Stock	Payment of exercise	Dispose F	No	No	72.53	272	19.73 k	203,188
21 Jan 23	Harold R Carpenter	PNFP Common Stock	Payment of exercise	Dispose F	No	No	72.53	457	33.15 k	41,659
21 Jan 23	Huestis Timothy Howard	PNFP Common Stock	Payment of exercise	Dispose F	No	No	72.53	35	2.54 k	3,491
20 Jan 23	M Terry Turner	PNFP Common Stock	Payment of exercise	Dispose F	No	No	70.25	1,105	77.63 k	182,778
20 Jan 23	Robert A Mccabe JR	PNFP Common Stock	Payment of exercise	Dispose F	No	No	70.25	1,052	73.90 k	299,799
20 Jan 23	Queener Hugh M	PNFP Common Stock	Payment of exercise	Dispose F	No	No	70.25	178	12.50 k	203,460
20 Jan 23	Harold R Carpenter	PNFP Common Stock	Payment of exercise	Dispose F	No	No	70.25	297	20.86 k	42,116
20 Jan 23	Huestis Timothy Howard	PNFP Common Stock	Payment of exercise	Dispose F	No	No	70.25	38	2.67 k	3,526