Pinnacle Financial Partners (PNFP) is a $1 billion bank holding company that has 29 offices throughout Tennessee. Even though the company is relatively young - founded in 2000 - the bank has made up a lot of time and last reported an asset balance of $5.3 billion, deposits of $4.09 billion and a tangible book value of $12.78 per common share.
I have reviewed quite a few regional banks and I have to say that this one stands out for all of the right reasons. Fast growth coupled with very lean operations has helped management meet their high expectations, which has earned the bank a fair but very full valuation - comparatively. Even so, the bank is...
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