Evercore ISI Raises Price Target on Pinnacle Financial (PNFP) to $116, Keeps Overweight Call

Pinnacle Financial Partners Inc. (NYSE:PNFP) is 1 of the 10 Best Bank Stocks to Buy successful 2026.

On February 6, Evercore ISI raised its people terms connected Pinnacle Financial by 0.9% to $116 (from $115) and retained its Outperform telephone connected the stock. The terms alteration comes arsenic the steadfast updated the models of the determination banks successful its coverage, pursuing the merchandise of Q4 2025 results.

Pinnacle Financial released its 4th 4th net study connected January 21, which was headlined by a 12.5% YoY maturation successful nett income disposable to communal shareholders to $166.0 cardinal (from $147.5 million). On a per stock basis, diluted net grew 11.5% YoY to $2.13 (from $1.91).

Earnings maturation was driven chiefly by a 12.0% YoY summation successful nett involvement income (NII) to $407.4 cardinal (from $363.8 million), which successful crook was driven by earning plus maturation and a flimsy uptick successful nett involvement borderline (NIM). Earning assets roseate 9.5% YoY to $51.7 cardinal (from $47.2 billion). Loans accounted for 82% of this increase, increasing 10.3% YoY to $39.2 cardinal (from $35.5 billion). The remainder came from concern securities, which grew 9.3% YoY to $9.2 cardinal (from $8.4 billion).

$3.8 cardinal retired of the $4.5 cardinal plus basal enlargement was funded by the 10.0% YoY maturation successful deposits to $41.9 cardinal (from $38.1 billion). Longer-term indebtedness and different backing sources, which grew 9.1% YoY to $8.0 cardinal (from $7.3 billion), accounted for the remainder of the growth.

NIMs, meanwhile, showed humble enlargement of 5 ground points YoY to 3.27% (from 3.22%) arsenic the simplification successful backing costs somewhat offset the deterioration successful earning plus yields.

Management besides provided guidance for 2026 and an update connected the expected interaction of Pinnacle’s merger with Synovus, which closed connected January 1. They expect to recognize $250 cardinal successful outgo synergies implicit the adjacent 3 years. They besides expect the consolidated indebtedness publication to scope $91-$93 cardinal by the extremity of 2026, supported by a deposit basal of $106.5-$108.5 billion. Management is forecasting 2 25-basis-point complaint cuts from the US Fed, which would bring consolidated NIMs to 3.45%-3.55%.

Pixabay/Public Domain

Pinnacle Financial Partners Inc. (NYSE:PNFP) is simply a holding institution that owns and operates Pinnacle Bank. The slope offers a wide scope of fiscal services, from banking, investment, trust, mortgage, and insurance, for some user and commercialized clients. The institution is based successful Atlanta, Georgia, and was founded successful 2000.

While we admit the imaginable of PNFP arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.