Welcome to our dedicated page for Pinnacle Finl Partners news (Ticker: PNFP), a resource for investors and traders seeking the latest updates and insights on Pinnacle Finl Partners stock.
Pinnacle Financial Partners Inc (PNFP) provides comprehensive banking and financial services across Tennessee's key markets through its Pinnacle Bank subsidiary. This news hub aggregates official announcements, strategic developments, and regulatory filings for investors tracking this regional financial leader.
Key updates include quarterly earnings reports, merger/acquisition activity, leadership changes, and new service launches. Users gain centralized access to press releases detailing commercial lending expansions, trust management innovations, and community banking initiatives.
The curated collection serves as a strategic resource for monitoring PNFP's growth in urban Tennessee markets and adjacent regions. Content spans financial performance metrics, regulatory disclosures, and operational updates that shape the company's position in competitive banking sectors.
Bookmark this page for streamlined tracking of PNFP's evolving financial strategies, partnership announcements, and market-specific developments. Regular updates ensure stakeholders maintain current awareness of this community-focused institution's trajectory.
Pinnacle Financial Partners has been ranked 27th among the largest banks in the U.S. by Forbes, surpassing competitors in Tennessee, North Carolina, South Carolina, and Georgia. The ranking reflects Pinnacle's strong performance metrics, including a 17.6% return on equity and a total asset valuation of $41 billion. Pinnacle's president and CEO, M. Terry Turner, cites employee engagement and responsible decision-making as key factors driving the company's success. This year marks the 14th release of Forbes' list, reinforcing Pinnacle's reputation as a top financial institution in the Southeastern U.S.
Pinnacle Financial Partners reported a net income per diluted share of $1.76 for Q4 2022, up 2.9% from Q4 2021. For the year, net income reached $7.17, marking a 6.2% increase year-over-year. Loan growth was strong at 19.2% linked quarter, while deposits grew 15.1%. The firm experienced a 33.8% rise in net interest income year-over-year. However, noninterest income fell 18.3% in Q4 2022 compared to Q4 2021. Pinnacle also reported a new share repurchase program of up to $125 million. The board declared a quarterly cash dividend of $0.22 per common share.
Pinnacle Financial Partners (PNFP) will release its Q4 2022 financial results on January 17, 2023, after market close. A live webcast to discuss these results will be held on January 18, 2023, at 8:30 a.m. CST. PNFP is recognized as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA and is listed among the top 25 banks in the U.S. by Forbes. As of September 30, 2022, Pinnacle's assets reached approximately $41.0 billion.
The earnings release will be available on their investor relations page.
Pinnacle Financial Partners reported a strong third quarter for 2022, with net income per diluted share rising to $1.91, up 9.1% from last year. Total assets reached $41.0 billion, marking a 12.3% year-over-year increase. Loans grew by 20.9%, while core deposits increased by 9.8%. Net interest income surged 28.7% year-over-year to $305.8 million. However, the company noted a decline in Paycheck Protection Program (PPP) income, contributing to an overall challenging economic landscape. The Board declared a quarterly dividend of $0.22 per share, reinforcing its commitment to shareholder returns.
Pinnacle Financial Partners, Inc. (PNFP) will release its third quarter 2022 financial results on October 18, 2022, after market close. A live webcast to discuss these results is scheduled for October 19 at 8:30 a.m. CT. The earnings release and webcast details will be available on Pinnacle's investor relations page at PNFP.com. Pinnacle has grown to approximately $40.1 billion in assets as of June 30, 2022, operating in 15 markets mainly in the Southeast.
Pinnacle Financial Partners reported a 15% increase in overall deposits, reaching
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