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 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
Pinnacle Financial Partners reported a net income per diluted common share of $1.86 for Q2 2022, up from $1.69 in Q2 2021, marking a 10.1% increase. Excluding PPP paydowns, annualized loan growth reached 31.9%. Total assets rose to $40.1 billion, reflecting a 13.3% year-over-year increase. Despite facing economic uncertainty, loan growth and client retention fueled performance, with net interest income increasing by 13.4% year-over-year. However, PPP-related income fell significantly, contributing $4.1 million in Q2 2022 versus $24.6 million in Q2 2021.
Pinnacle Financial Partners announces changes to its overdraft services program effective
- Elimination of the Non-Sufficient Funds (NSF) fee for consumer accounts.
- Reduction of NSF fees from
$38 to$30 for business accounts. - Overdraft fees cut from
$38 to$30 for both consumer and business accounts. - Introduction of a $15 overdraft cushion for consumers.
- Limiting overdraft charges from five to three per day for consumers.
These changes may lead to an estimated revenue loss of
Pinnacle Financial Partners (PNFP) will release its second quarter 2022 financial results on July 19, 2022, after market close. A live webcast is scheduled for July 20 at 8:30 a.m. CT to discuss these results and the company's business outlook. The webcast and earnings release details will be available on the company's investor relations page. Pinnacle is recognized as the top bank in the Nashville area and is noted for its workplace culture, appearing on lists such as Forbes 100 Best Companies to Work For.
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