Pinnacle Financial reports Q1 EPS $2.39, consensus $2.32

Reports Q1 revenue $1.22B, consensus $1.20B. Report Q1 net interest margin 3.53% vs 3.21% y/y. “We set out to scale with a soul, and our first quarter results prove that we’re doing it. We delivered strong loan and deposit growth, expanded revenue and hired 50 new revenue producers, while moving forward with 8,500 team members who never took their eye off the client. The merger was a catalyst for growth rather than a distraction. One quarter in, with much more to prove and deliver, we are confident in the talent, culture and momentum we are building together. The best is still ahead for Pinnacle,” said Pinnacle President and CEO Kevin Blair.