Welcome to our dedicated page for Pinnacle Financial Partners news (Ticker: PNFP), a resource for investors and traders seeking the latest updates and insights on Pinnacle Financial Partners stock.
Pinnacle Financial Partners reports developments for a regional bank holding company that provides banking, investment, trust, mortgage and insurance products and services to commercial and consumer clients. Its updates center on operating results, loan and deposit trends, net interest income, market expansion, recruiting of revenue-producing bankers and client-service teams, and the integration of its completed 2026 combination with Synovus.
Recurring company news also includes common and preferred stock dividends, investor conference participation, branch and market-entry announcements, and business outlook commentary for its banking footprint across Tennessee, Georgia, Florida, the Carolinas, Alabama, Kentucky, Virginia and Maryland.
Pinnacle Financial Partners has released its 2021 Annual Report, showcasing its growth and readiness for evolving employee-employer dynamics. The report highlights record-high financial metrics driven by significant investments in associates and culture. President and CEO Terry Turner emphasizes the importance of a satisfied workforce in attracting clients amidst increasing competition. Pinnacle stands out as the No. 1 bank in the Nashville metropolitan area, with approximately $38.5 billion in assets as of December 31, 2021.
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Pinnacle Financial Partners (PNFP) reported a robust financial performance for Q4 and the full year ending Dec. 31, 2021. Net income per diluted share rose to $1.71 for Q4 2021, a 20.4% increase year-over-year, and $6.75 for the year, marking a 67.5% rise. Excluding PPP impacts, loan growth reached 11.7%. Total assets increased by 10.1% to $38.5 billion. The company announced a quarterly dividend of $0.22 per share and a new $125 million share repurchase program. Despite challenges, management remains optimistic about continued growth and profitability in 2022.
Pinnacle Financial Partners (PNFP) will release its Q4 2021 financial results on January 18, 2022, post market close. A live webcast to discuss these results and future outlook will be held on January 19, 2022, at 8:30 a.m. CST. The earnings report will be available on the company's investor relations page. As of September 30, 2021, Pinnacle has approximately $36.5 billion in assets and operates across 14 urban markets in the Southeast, holding a leading position in the Nashville area.
Pinnacle Financial Partners has expanded into the Washington, D.C. metro area by hiring six seasoned financial professionals, led by Carolyne Pelton as regional president. The team includes experts from the Aerospace, Defense, and Government Contracting sectors, enhancing Pinnacle's capabilities in a robust market. The company anticipates an investment impact of $0.02 to $0.03 per diluted share in 2022 and forecasts incremental loan growth of $250-350 million. Pinnacle aims to establish deep roots in this vibrant market, supported by its award-winning culture.
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Pinnacle Financial Partners reported a net income per diluted common share of $1.75 for Q3 2021, a 23.2% increase from $1.42 in Q3 2020. For the first nine months, net income rose nearly 93% to $5.05. Excluding PPP effects, loan growth was 15.3% annualized, with total loans reaching $23.1 billion. Deposits grew 10.6% annually to $29.4 billion. Revenues were $341.6 million, up 14.8% year-over-year. The board declared a quarterly dividend of $0.18 per common share to be paid on Nov. 26, 2021.
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Pinnacle Financial Partners (PNFP) is set to release its Q3 2021 financial results on October 12, 2021, after market close. A live webcast detailing these results and the company's business outlook will take place on October 13, 2021, at 8:30 a.m. CDT. Pinnacle, recognized as the top bank in the Nashville-Murfreesboro-Franklin MSA based on 2021 FDIC deposit data, has approximately $35.4 billion in assets as of June 30, 2021. The company continues to earn accolades, being listed among the 100 Best Companies to Work For in 2021.