Pinnacle Financial Partners In - PNFP STOCK NEWS

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.

Pinnacle Financial Partners (Nasdaq: PNFP) has hired a team of nine financial experts to enhance client service and market presence in Huntsville, AL. Led by Jason Baldwin, a former market CEO at BBVA, the team comprises four financial advisors, a credit advisor, an office leader, and three support associates. Huntsville, one of the Southeast's fastest-growing MSAs, presents a lucrative opportunity for Pinnacle to compete with larger banks. Baldwin's extensive experience and the team's collective expertise aim to provide personalized banking solutions in a market driven by rapid growth.

Pinnacle Financial Partners' advisor Michael Corbett has been honored with a place in the Captive Review Hall of Fame, recognizing his significant contributions to the captive insurance industry. With over 40 years of experience, Corbett previously oversaw the licensing of 669 Risk Bearing Entities in Tennessee, managing $1.4 billion in annual premiums. His work at Pinnacle bolsters the firm's captive insurance practice. Pinnacle, ranked No. 1 bank in Nashville-Murfreesboro-Franklin MSA, boasts approximately $35.3 billion in assets and is included in the Nasdaq Financial-100 Index.

Pinnacle Financial Partners (PNFP) has successfully issued over 9,000 Paycheck Protection Program loans, totaling $930 million in its second round of lending. Combined with the first round, the firm has provided 23,778 loans worth more than $3.2 billion. The average size of the second round loans was $102,441, primarily small-dollar loans. Pinnacle has seen an uptick in loan payoffs and has opened a forgiveness application portal for borrowers. As of March 31, 2021, Pinnacle has approximately $35.3 billion in assets, serving various markets across Tennessee and beyond.

Pinnacle Financial Partners (PNFP) declared a cash dividend of $0.18 per common share, payable on May 28, 2021, to shareholders of record by May 7, 2021. Additionally, a quarterly dividend of approximately $3.8 million, or $16.88 per share, on its 6.75% Series B Preferred Stock will be paid on June 1, 2021, to shareholders of record as of May 17, 2021. As of March 31, 2021, Pinnacle reported $35.3 billion in assets and continues to rank No. 1 in the Nashville-Murfreesboro-Franklin MSA. The firm's Board of Directors will determine future dividend payments.