Pinnacle Financial: Q4 Earnings Snapshot
By AP News
Published - Jan 16, 2024, 05:09 PM ET
Last Updated - Jan 16, 2024, 05:09 PM EST
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Pinnacle Financial Partners Inc. (PNFP) on Tuesday reported fourth-quarter profit of $95 million.
The bank, based in Nashville, Tennessee, said it had earnings of $1.19 per share. Earnings, adjusted for non-recurring costs, came to $1.68 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The regional bank operator posted revenue of $723.9 million in the period. Its revenue net of interest expense was $396.3 million, missing Street forecasts. Six analysts surveyed by Zacks expected $410.5 million.
