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Pinnacle Financial: Q1 Earnings Snapshot
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Pinnacle Financial Partners Inc. (PNFP) on Monday reported first-quarter profit of $140.4 million.
The Nashville, Tennessee-based bank said it had earnings of $1.77 per share. Earnings, adjusted for non-recurring costs, came to $1.90 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The regional bank operator posted revenue of $766.6 million in the period. Its revenue net of interest expense was $462.9 million, which missed Street forecasts. Three analysts surveyed by Zacks expected $478.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNFP at https://www.zacks.com/ap/PNFP
