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Mar 31

Pinnacle Financial Q1 2025 Earnings Report

Pinnacle Financial posted strong Q1 2025 results with notable loan and deposit growth.

Key Takeaways

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.

Adjusted EPS rose to $1.90 from $1.53 last year

Net income reached $136.6 million for the quarter

Loans grew 9.0% year-over-year to $36.1 billion

Noninterest-bearing deposits grew at a 16.5% annualized rate

Total Revenue
$463M
Previous year: $428M
+8.1%
EPS
$1.9
Previous year: $1.53
+24.2%
Efficiency Ratio
59.52%
Previous year: 56.61%
+5.1%
Net Interest Margin
3.21%
Previous year: 3.04%
+5.6%
ROA
1.05%
Previous year: 1%
+5.0%
Cash and Equivalents
$3.88B
Previous year: $2.71B
+43.3%
Total Assets
$54.3B
Previous year: $48.9B
+11.0%

Pinnacle Financial

Pinnacle Financial

Pinnacle Financial Revenue by Segment

Pinnacle Financial Revenue by Geographic Location

Forward Guidance

Management reiterated their 2025 guidance for 8–11% loan growth and expressed confidence in deposit momentum.

Positive Outlook

  • Strong pipeline for revenue producers
  • Loan growth on track to meet 2025 targets
  • Continued market expansion through hiring
  • Robust balance sheet growth
  • Improved net interest margin performance

Challenges Ahead

  • Economic uncertainty could impact asset quality
  • Volatility in securities losses may continue
  • Higher noninterest expenses driven by expansion
  • Dependence on hiring to sustain growth
  • Continued inflationary and policy-related headwinds