Pinnacle Financial Partners, Inc. Stock News

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners has once again been selected as one of the 2024 Fortune Best Workplaces for Women. This is the firm's seventh time being named to this prestigious list, this year coming in at No.8. Pinnacle previously earned this distinction in 2023, 2022, 2021, 2020, 2018 and 2017. “I am deeply honored that our firm has been recognized as one of t...

Pinnacle Financial Partners, Inc. (PNFP) Q3 2024 Earnings Call Transcript

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.86 for the quarter ended Sept. 30, 2024, compared to net income per diluted common share of $1.69 for the quarter ended Sept. 30, 2023, an increase of approximately 10.1 percent. Net income per diluted common share was $4.08 for the nine months ended Sept. 3...

A large amount of low-yielding fixed-rate loans will mature in the second half of 2024. The reinvestment will lift the margin despite the falling rate environment. I'm expecting loan growth to improve because of interest rate cuts as well as Tennessee's economic strength. Weakness in the BHG group will likely undermine the growth of core fee income.

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its third quarter 2024 financial results on Tuesday, October 15, 2024, after market close. It will also host a live webcast on Wednesday, October 16, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters. The third quarter 2024 earni...

TBV per share continues to increase not having the weight of unrealized losses. Management aims to reduce exposure to CRE loans, increase loan yield, and reinvest in securities to improve NIM. PNFP is positioned for growth with the potential for improved profitability and a buy rating based on past performance and current strategies.

Pinnacle Financial Partners had a somewhat noisy Q2, but core results were better than expected, with revenue, net interest income, and fee income beating expectations, driving a $0.04/share pre-provision beat. Pinnacle's growth model, focused on customer service and hiring talented and experienced loan officers from rivals, provides a long runway for growth, with opportunities in multiple mark...

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP ) Q2 2024 Earnings Conference Call July 17, 2024 9:30 AM ET Company Participants Terry Turner - Chief Executive Officer Harold Carpenter - Chief Financial Officer Conference Call Participants Brett Rabatin - Hovde Group Steven Alexopoulos - JPMorgan Jared Shaw - Barclays Capital Brandon King - Truist Catherine Mealor - KBW Timur Braziler - Wells Fa...