Welcome to our dedicated page for Pinnacle Finl Partners news (Ticker: PNFP), a resource for investors and traders seeking the latest updates and insights on Pinnacle Finl Partners stock.
Pinnacle Financial Partners Inc (PNFP) provides comprehensive banking and financial services across Tennessee's key markets through its Pinnacle Bank subsidiary. This news hub aggregates official announcements, strategic developments, and regulatory filings for investors tracking this regional financial leader.
Key updates include quarterly earnings reports, merger/acquisition activity, leadership changes, and new service launches. Users gain centralized access to press releases detailing commercial lending expansions, trust management innovations, and community banking initiatives.
The curated collection serves as a strategic resource for monitoring PNFP's growth in urban Tennessee markets and adjacent regions. Content spans financial performance metrics, regulatory disclosures, and operational updates that shape the company's position in competitive banking sectors.
Bookmark this page for streamlined tracking of PNFP's evolving financial strategies, partnership announcements, and market-specific developments. Regular updates ensure stakeholders maintain current awareness of this community-focused institution's trajectory.
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.
Pinnacle Financial Partners (PNFP) reported a record net income per diluted share of $1.61 for Q1 2021, a significant increase of 335% year-over-year. The company achieved record book value of $62.33 per share and tangible book value of $37.88, representing annual growth of 8% and 14%, respectively. Total loans rose to $23.1 billion, with a 13.2% increase since Q1 2020, including $2.2 billion in PPP loans. Deposits reached a record $28.3 billion, up 32.6% from the previous year. The firm continues to see strong growth in core deposits and profitability metrics.
Pinnacle Financial Partners (PNFP) will release its first quarter 2021 financial results on April 19, 2021, after market close. A live webcast to discuss these results and the firm's business outlook will follow on April 20, 2021, at 8:30 a.m. CDT. The earnings release will be accessible on Pinnacle’s investor relations website. Pinnacle is recognized as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA and has appeared on the 100 Best Companies to Work For list for four consecutive years. As of December 31, 2020, Pinnacle's assets totaled approximately $34.9 billion.
