Strong Revenue and EPS Growth
Revenue increased by 15.1% year-over-year, adjusted EPS rose by 22.7%, and tangible book value per share grew by 10.9% compared to the same quarter last year.
Loan and Deposit Growth
End-of-period loans increased by 10.7% on a linked quarter annualized basis, with core deposits growing by 13% year-over-year, significantly outpacing peers.
BHG Earnings Growth
BHG's earnings estimate for 2025 has been raised from 20% to 40% growth over 2024, driven by lower operating costs, better credit performance, and stronger production lead flow.
Strong Relationship Management
Pinnacle hired 71 revenue producers year-to-date with outstanding experience, leading to significant asset growth potential.