Pinnacle Financial Partners Inc (NASDAQ:PNFP) stock fell 2.26% (As on October 16, 11:22:45 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the third quarter of FY25. Total assets at Sept. 30, 2025, were $56.0 billion, an increase of approximately $1.2 billion from June 30, 2025, and $5.3 billion from Sept. 30, 2024, reflecting a linked-quarter annualized increase of 8.5 percent and a year-over-year increase of 10.4 percent. Deposits increased by $727.9 million in the third quarter of 2025 from the second quarter. Importantly, our noninterest-bearing deposits increased by $312.2 million in the third quarter. Noninterest-bearing deposits are up $782.5 million year-to-date, or about 12.8 percent annualized. The growth in the commercial and industrial segment continued to outpace the other loan segments as it was up 17.9 percent linked-quarter annualized. Additionally, given the company is below the long-term concentration thresholds for construction and land development, the company reengaged with borrowers in that segment a few quarters ago and expect to see net growth in construction lending in the coming quarters which will also support the loan growth as we head into 2026

Moreover, net interest income for the third quarter of 2025 was $396.9 million, compared to $351.5 million for the third quarter of 2024, a year-over-year growth rate of 12.9 percent. Net interest margin was 3.26 percent for the third quarter of 2025, compared to 3.22 percent for the third quarter of 2024. Wealth management revenues, which include investment, trust and insurance services, were $38.2 million for the third quarter of 2025, compared to $29.5 million for the third quarter of 2024, a year-over-year increase of 29.5 percent. Meanwhile, Pinnacle reported strong progress on its merger with Synovus. The necessary regulatory applications were filed on August 25, 2025, and Pinnacle continues to believe that it will receive all necessary regulatory approvals in time to close the merger early in the first quarter of 2026.

PNFP in the third quarter of FY25 has reported the adjusted earnings per share of $2.27, beating the analysts’ estimates for the adjusted earnings per share of $2.05, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 16.7 percent to $544.8 million in the third quarter of FY25, beating the analysts’ estimates for revenue by 4.74%. Pre-tax, pre-provision net revenues (PPNR) for the three and nine months ended Sept. 30, 2025, were $241.7 million and $647.6 million, respectively, compared to $207.4 million and $488.4 million, respectively, recognized in the three and nine months ended Sept. 30, 2024.