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Pinnacle Financial Partners (PNFP)
NASDAQ:PNFP
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.78Last Year’s EPS
1.68Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2018
|% Change Since: 19.53%
|Next Earnings Date:Jul 17, 2018
Earnings Call Sentiment|Positive
The earnings call presented strong financial performance, with positive growth in loans, deposits, and fee revenues. Despite some challenges in credit charge-offs and substitution losses at BHG, the overall outlook remains optimistic with expectations for continued growth.Company Guidance
During Pinnacle Financial Partners' Q3 2024 earnings call, the company provided a robust set of metrics indicating strong financial performance and strategic growth. They reported a 6% annualized increase in loans, a 12% rise in earning assets, and a 9% growth in core deposits, all on a linked-quarter annualized basis. The company highlighted key metrics such as revenue growth, EPS growth, and tangible book value accretion, all of which showed positive trends. Pinnacle's loan growth targets for 2024 were adjusted to a range of 7% to 8%, with expectations for deposit growth set between 7% and 9%. The net interest margin (NIM) for Q3 was reported at 3.22%, with expectations for it to remain relatively flat in Q4. Credit quality remained strong, with charge-offs forecasted to range from 21 to 23 basis points for the year. Fee revenue guidance for 2024 was raised to a growth range of 23% to 26% year-over-year, excluding BHG contributions. This comprehensive guidance reflects Pinnacle's strategic focus on expanding market share, maintaining asset quality, and optimizing its financial performance amidst an evolving economic landscape.Strong Loan and Deposit Growth
Loans increased by $539 million, a 6.4% linked quarter annualized, with C&I and owner-occupied real estate growing 17% annualized. Core deposits grew by 9% annualized, with noninterest-bearing deposits showing significant improvement.
Positive Revenue and EPS Growth
Revenue growth, EPS growth, and tangible book value accretion were highlighted as strong metrics, with double-digit 5-year CAGRs for all three, emphasizing consistent long-term growth.
Expanding Market Share
Pinnacle has successfully increased market share in major Southeastern markets, including Nashville, Memphis, Chattanooga, and Knoxville, through both acquisitions and organic growth.
Improved Fee Revenue Guidance
Fee revenues, excluding BHG, showed an increase of 8.3% between Q3 and Q2. Guidance for fee revenue growth was raised to a range of 23% to 26% over last year.
BHG Performance
BHG originations picked up, approaching $1 billion in Q3, with more than 600 unique bank buyers acquiring loans over the trailing 12 months.
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PNFP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PNFP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 15, 2024 | $100.32 | $105.25 | +4.91% |
| Jul 16, 2024 | $90.84 | $93.55 | +2.98% |
| Apr 22, 2024 | $80.83 | $80.75 | -0.10% |
| Jan 16, 2024 | $82.05 | $82.47 | +0.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pinnacle Financial Partners (PNFP) report earnings?
Pinnacle Financial Partners (PNFP) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Pinnacle Financial Partners (PNFP) earnings time?
Pinnacle Financial Partners (PNFP) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PNFP EPS forecast?
PNFP EPS forecast for the fiscal quarter 2024 (Q4) is 1.78.
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