Pinnacle Financial: Q1 Earnings Snapshot
By AP News
Published - Apr 17, 2023, 05:33 PM ET
Last Updated - Jun 22, 2023, 06:52 AM EDT
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Pinnacle Financial Partners Inc. (PNFP) on Monday reported first-quarter earnings of $137.3 million.
The bank, based in Nashville, Tennessee, said it had earnings of $1.76 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The regional bank operator posted revenue of $595.6 million in the period. Its revenue net of interest expense was $401.8 million, falling short of Street forecasts. Six analysts surveyed by Zacks expected $413.1 million.
