Pinnacle Finl Partners Inc Stock Price, News & Analysis

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.

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.

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.

Pinnacle Financial Partners (PNFP) reports a robust 10.2% year-over-year growth in deposits, totaling $28.2 billion. The firm has demonstrated significant market presence, particularly in Nashville, where it leads with 16.43% market share and $922 million growth in deposits. Notably, Atlanta saw a staggering 334.5% growth rate, while Memphis and Charlotte also experienced impressive increases. The firm continues to expand strategically, with plans for new offices and ongoing recruitment of top talent.

Pinnacle Financial Partners (PNFP) announced a live webcast on September 14 at 8:30 a.m. CDT to review financial results and future outlook with Bankers Healthcare Group (BHG). Key participants include BHG's CEO Al Crawford and CFO Dan McSherry, along with Pinnacle’s CAO Hugh Queener and CFO Harold Carpenter. The call will be accessible via Pinnacle's investor relations page, with archived access available for 90 days. Pinnacle holds a 49% stake in BHG, which specializes in financial solutions for healthcare professionals.