Pinnacle Financial Partners Inc. (PNFP) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, PNFP scores 61 out of 100, earning a letter grade of C- and a verdict label of "Roarable Hold — Cautious Neutral." The five pillars are:

• Fundamental Cash Engine: 8 / 20 (ROIC 3.6%; FCF yield 4.18%). This is the weakest pillar and the main drag on the score. The low ROIC indicates modest returns on invested capital, and the FCF yield sets a cash-generation baseline that investors would weigh against the current valuation.
• Whale 13F Flow: 15 / 20 (institutional accumulation and options positioning). This pillar reflects moderately supportive institutional positioning, though the source does not provide the underlying 13F detail.
• Insider Conviction: 14 / 20 (SEC Form 4 and Congressional PTR cluster flow). A mid-range reading; the source does not itemize the specific trades behind it.
• Macro Regime Fit: 11 / 20 (Beta 0.92; sector sensitivity). A beta below 1.0 implies lower volatility than the broad market, which may appeal to defensive-minded investors, but the sector-sensitivity score is only moderate.
• Forensic Balance Sheet: 13 / 20 (Altman Z 2.5; Piotroski F 6/9; Debt/Equity 0.5). This is a relatively sound reading, with a Piotroski score of 6 out of 9 and a Debt/Equity ratio of 0.5.

Taken together, the rating points to a stock whose cash-generation and return-on-capital metrics are the principal weakness, offset by reasonable balance-sheet and institutional signals. The valuation tradeoff is visible in the multiples: a P/E (TTM) of 19.4 and an EV/EBITDA of 29.9 sit against a 3.6% ROIC, so an investor is paying a full multiple for returns that the source characterizes as modest. Upside drivers would need to come from improved returns on capital; the cautious-neutral verdict reflects that the current data does not yet show that improvement.

Per the SEC financials, net income rose from $543.7M (FY 2023) to $482.5M (FY 2024) and then to $792.0M (FY 2025), while free cash flow declined across the same span from $1282.6M to $764.9M to $642.9M. Per the market data, the operating margin is 22.5%, the net margin is 18.4%, and the gross margin is 0%; ROIC is 3.6%. The forensic balance-sheet metrics report an Altman Z-Score of 2.5 and a Piotroski F-Score of 6/9, with a Debt/Equity ratio of 0.5. Reported debt in the financials table is substantially larger in FY 2025 and FY 2024 than in FY 2023, a shift the source does not explain.

Per the recent news and catalysts feed, the stream is dominated by GREEN "CATALYST" items, including Yahoo Finance, Seeking Alpha, and The Globe and Mail coverage of PNFP's market action and fundamentals. A headline reports that the Pinnacle–Synovus merger was honored as a 2026 Deal of the Year (YELLOW, "MARKET WIRE"), and another describes a "Strong Post-Merger Quarter." Other headlines suggest the stock may be undervalued following Q3 results and that the earnings beat may alter the investment case. The feed contains no explicit risk-watch items. Per the Butterfly Supply-Chain Graph, there are no proprietary signals or butterfly links. The catalyst summaries are headline-level only; the source does not contain their full content.

• What drives the gap between FY 2025 net income of $792.0M and the decline in free cash flow to $642.9M, and is the ROIC of 3.6% expected to improve?
• What explains the rise in reported debt from $1978.1M in FY 2023 to $22797.9M in FY 2025, and how does the merger factor into this change?
• What are the specific 13F, Form 4, and Congressional trades behind the whale-flow and insider-conviction pillar scores?
• What is the company's revenue, given that reported revenue is $0.0M across all periods, and how does the business model generate income?
• What does the earnings beat referenced in recent headlines consist of, and what guidance accompanies it?