Pinnacle Finl Partners Inc Stock Price, News & Analysis

Pinnacle Financial Partners (PNFP) reported a net income per diluted share of $1.65 for Q1 2022, reflecting a 2.5% increase from Q1 2021. Notably, annualized loan growth was 18.5%, or 22.5% excluding PPP loans, driven by strong hiring of 28 revenue producers. Total assets rose to $39.4 billion, an 11.6% year-over-year increase. However, PPP income declined significantly to $10.8 million compared to $23 million in the prior year. The firm remains cautious amid economic uncertainties from global tensions and inflation, while targeting mid-teen percentage loan growth for the year.

Pinnacle Financial Partners has been recognized as a leading bank in America, securing the No. 14 position on S&P Global Market Intelligence's performance ranking and No. 22 on Forbes' list of America’s Best Banks in 2022. These accolades highlight Pinnacle as the top bank in Tennessee and among the best-performing banks nationally, emphasizing its focus on culture, employee experience, and client service. Pinnacle's assets reached approximately $38.5 billion as of December 31, 2021, positioning it as the second-largest bank holding company in Tennessee.

Pinnacle Financial Partners (PNFP) will release its first quarter 2022 financial results on April 18, 2022, after market close. A live webcast is scheduled for April 19 at 8:30 a.m. CT to discuss financial results and business outlook. As of December 31, 2021, Pinnacle had approximately $38.5 billion in assets and is recognized as the top bank in the Nashville area. The company holds a 49% stake in Bankers Healthcare Group, underscoring its commitment to innovative financial solutions.

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.

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.