Pinnacle Finl Partners Inc Stock Price, News & Analysis

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.

Pinnacle Financial Partners (PNFP) reported a net income per diluted share of $1.69 for Q2 2021, marking a 104% increase from $0.83 in Q2 2020. Year-to-date, the net income per share reached $3.30, up 175% year-over-year. Total loans increased 1.7% year-over-year to $22.9 billion. Revenue for the quarter was $331.4 million, growing 21.1% compared to the previous year. The firm added 36 revenue producers in Q2, boosting its growth prospects, while maintaining a 93% associate retention rate. Pinnacle declared a quarterly dividend of $0.18 per share.

Pinnacle Financial Partners (PNFP) announced it will release its second quarter 2021 financial results on July 20, 2021, after market close. A live webcast is scheduled for July 21, 2021, at 8:30 a.m. CDT, to discuss these results and the business outlook. Pinnacle, recognized as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, has approximately $35.3 billion in assets as of March 31, 2021, and has been featured on the 2021 list of 100 Best Companies to Work For® in the U.S.

Pinnacle Financial Partners (PNFP) has expanded its presence in Birmingham, Alabama, by hiring four seasoned financial professionals. Mark Imig, former regional manager at First Horizon, will lead as regional president. He is joined by advisors Pat Sullivan and Chris Bledsoe, and credit advisor Rayna Hawthorne. The team aims to leverage Pinnacle's local decision-making culture while utilizing the capabilities of a $35 billion firm to serve Birmingham’s growing business community. The firm is focused on enhancing its commercial banking services in the region.

Kroll Bond Rating Agency has upgraded Pinnacle Financial Partners' (PNFP) credit ratings, reflecting its robust business strategy and performance during the pandemic. The senior unsecured credit rating rose to A- from BBB+, and the subordinated debt rating improved to BBB+ from BBB. Preferred shares ratings were upgraded to BBB from BBB-. KBRA analysts praised Pinnacle's risk management and asset quality, while CEO Terry Turner emphasized the importance of company culture in achieving these results. Pinnacle is recognized as a top bank in its region, with significant assets and a strong workforce environment.