Pinnacle Financial Q4 2024 Earnings Report
Key Takeaways
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.
Diluted earnings per share for Q4 2024 were $1.91, up 60.5% year-over-year.
Loan growth reached 13.7% and deposit growth reached 18.4%, linked-quarter annualized.
Net interest margin was held steady at 3.22%.
35 new revenue producers added in Q4 2024
Pinnacle Financial
Pinnacle Financial
Forward Guidance
Pinnacle Financial anticipates that a steeper yield curve will positively impact future results. They also expect their experienced bankers and advantaged markets to continue attracting clients, which should support rapid revenue growth in 2025. The company is focused on loan and deposit pricing as they enter 2025.
Positive Outlook
- Anticipate positive impact from a steeper yield curve.
- Expect continued client attraction due to experienced bankers and advantaged markets.
- Focus on loan and deposit pricing.
- Loan beta performance is approximately 45 percent.
- Deposit beta performance of approximately 58 percent.