Pinnacle Financial Earnings Reports

PNFP delivered solid Q1 2025 results with year-over-year gains in EPS and revenue, driven by strong loan and deposit growth amid economic uncertainty.

Pinnacle Financial Partners reported a strong fourth quarter with diluted earnings per share of $1.91, a 60.5% increase compared to the same quarter last year. Loan and deposit growth were remarkable, with linked-quarter annualized increases of 13.7% and 18.4%, respectively. The net interest margin was maintained at 3.22%, and net interest income grew by 14.0% annualized.

Pinnacle Financial Partners reported a net income per diluted common share of $1.86 for Q3 2024, a 10.1% increase compared to Q3 2023. The firm experienced double-digit linked-quarter annualized growth in earning assets and core deposits, along with an expanding net interest margin.

Pinnacle Financial Partners reported a decrease in net income per diluted common share to $0.64 for Q2 2024, compared to $2.54 for the same period in 2023. However, after adjustments for capital optimization and balance sheet repositioning initiatives, diluted EPS was $1.63, reflecting an annualized linked-quarter growth rate of 26.1 percent. The company saw net interest margin expansion and double-digit growth in most fee businesses.

Pinnacle Financial Partners reported a net income per diluted common share of $1.57 for the quarter ended March 31, 2024. Total assets reached $48.9 billion, an increase of approximately $934.3 million from Dec. 31, 2023. The firm recruited 37 new revenue producers during the quarter, including 14 in our newer markets of Atlanta, Washington D.C., Birmingham and Jacksonville.

Pinnacle Financial Partners reported a diluted EPS of $1.19 for Q4 2023, a 32.4% decrease compared to Q4 2022. Total assets increased by 14.3% year-over-year, reaching $48.0 billion. The firm restructured bank owned life insurance contracts (BOLI) and accrued for future payments to the FDIC pursuant to a special insurance assessment.

Pinnacle Financial Partners reported a decrease in net income per diluted common share to $1.69 for Q3 2023, compared to $1.91 for Q3 2022. However, the company saw growth in loans and core deposits, each growing 10.1% annualized linked-quarter.

Pinnacle Financial Partners reported a strong second quarter in 2023, with diluted EPS of $2.54, a 36.6% increase compared to Q2 2022. The company saw annualized linked-quarter loan growth of 11.3% and deposit growth of 17.1%.

Pinnacle Financial Partners reported a strong first quarter in 2023, with diluted EPS of $1.76, a 6.7% increase compared to Q1 2022. The company experienced annualized linked-quarter loan growth of 17.3% and deposit growth of 13.9%. Despite volatility in the banking sector, Pinnacle demonstrated resilience and client loyalty, enabling deposit growth and strong credit metrics.

Pinnacle Financial Partners reported a net income per diluted common share of $1.76 for Q4 2022, a 2.9% increase compared to Q4 2021. Total assets reached $42.0 billion, a 9.1% year-over-year increase. The company experienced loan growth and an increase in net interest income, though noninterest income declined due to lower income from BHG and mortgage loan sales.

Pinnacle Financial Partners reported a strong third quarter in 2022, with a 9.1% increase in earnings per diluted share compared to the same quarter last year, driven by organic revenue growth of 20.2%. The company's annualized linked-quarter loan growth was 20.9%, and core deposits grew by 9.8%.

Pinnacle Financial Partners, Inc. reported a strong second quarter in 2022, with net income per diluted common share increasing by 10.1% compared to the same period last year. The company experienced significant loan growth, driven by recent market extensions and a focus on recruiting experienced relationship managers. Revenues also saw growth, with net interest income and core fee categories showing double-digit increases.

Pinnacle Financial Partners reported a net income per diluted common share of $1.65 for the quarter ended March 31, 2022, compared to $1.61 for the quarter ended March 31, 2021, representing an increase of approximately 2.5 percent. Loan growth approximated an annualized rate of 18.5 percent. Total assets were $39.4 billion, an increase of approximately $4.1 billion from March 31, 2021.

Pinnacle Financial Partners, Inc. reported a strong fourth quarter in 2021, with diluted EPS of $1.71, a 20.4% increase year-over-year. Loan growth, excluding PPP loans, was nearly 12 percent. The company also expanded into new markets and added 119 revenue producers.

Pinnacle Financial Partners reported a strong third quarter with a 23.2% increase in net income per diluted common share, driven by strong organic loan growth and successful recruitment of revenue producers.

Pinnacle Financial Partners reported a strong second quarter with net income per diluted common share increasing by approximately 104 percent compared to the same quarter last year. Net interest income grew 18.6% annualized and fee income grew 23.7% annualized.

Pinnacle Financial Partners reported a strong first quarter in 2021, with diluted earnings per share of $1.61, a return on average assets of 1.42%, and a return on tangible common equity of 17.16%. The firm experienced growth in loans and deposits, and revenues increased by 19.6% year-over-year.

Pinnacle Financial Partners reported a strong core performance in Q4 2020, with diluted EPS of $1.42, a 12.7% increase compared to Q4 2019. Adjusted diluted EPS was $1.58, reflecting a 24.4% year-over-year increase. Loan and deposit growth remained robust, and the company increased its book value per share by 8.6%.

Pinnacle Financial Partners reported net income per diluted common share of $1.42 for the quarter ended Sept. 30, 2020, compared to net income per diluted common share of $1.44 for the quarter ended Sept. 30, 2019, a decrease of 1.4 percent.

Pinnacle Financial Partners reported a decrease in net income per diluted common share to $0.83 for the quarter ended June 30, 2020, compared to $1.31 for the quarter ended June 30, 2019, a decrease of 36.6 percent. The company focused on protecting stakeholders from the COVID-19 pandemic, granting payment deferrals on approximately $4.4 billion in loans and issuing $2.2 billion in PPP loans. They also fortified their balance sheet with additional liquidity and capital.

Pinnacle Financial Partners reported a decrease in net income per diluted common share to $0.37 for Q1 2020, compared to $1.22 for Q1 2019. The results were impacted by an $86 million increase in the allowance for credit losses due to the COVID-19 pandemic. However, the company saw growth in loans, deposits, and fee income.

Pinnacle Financial Partners reported a net income per diluted common share of $1.26 for the quarter ended Dec. 31, 2019, compared to $1.23 for the quarter ended Dec. 31, 2018, representing an increase of 2.4 percent.