Pinnacle Financial Q2 revenue more than doubles after Synovus merger

Pinnacle Financial Partners

22/07/2026 21:56

    

    Overview
  
US regional bank's Q2 revenue more than doubled yr/yr after Synovus merger
Adjusted diluted EPS for Q2 rose 25% yr/yr
Net interest margin declined to 3.44% due to non-recurring items and funding costs

    

    Outlook
  
Company did not provide specific guidance for the current quarter or full year

    

    Result Drivers
  
MERGER IMPACT - Q2 results reflect the completed merger with Synovus, significantly increasing loans, deposits, and revenue base
LOAN GROWTH - Period-end loans rose 3% from the prior quarter, driven by commercial and industrial credits across diverse geographies and specialty lending
NON-INTEREST REVENUE DECLINE - Adjusted non-interest revenue fell $12 mln from the prior quarter, mainly due to lower income from equity-method investment after a shift in placement strategy

    
Company press release: ID:nBw1NRbqQa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
$1.2 bln
 
Q2 EPS
 
$2.07
 
Q2 Net Interest Income
 
$956 mln
 
Q2 Net Interest Margin (%)
 
3.44%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Pinnacle Financial Partners Inc is $117.00, about 20.9% above its July 21 closing price of $96.79
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

    

    Reuters Recommended Reads
  
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July 21 - KeyCorp quarterly profit rises on interest income strength

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)