Core Viewpoint - Analysts expect Pinnacle Financial (PNFP) to report quarterly earnings of $1.80 per share, reflecting a year-over-year increase of 7.1%, with revenues projected at $463.47 million, up 16.9% from the previous year [1]. Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to stock performance [2]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst projections [1]. Key Financial Metrics - Analysts project the 'Net Interest Margin' to reach 3.2%, up from 3.1% year-over-year [4]. - The 'Efficiency Ratio' is expected to improve to 54.3%, compared to 63.4% in the same quarter last year [4]. - 'Nonaccrual loans' are estimated at $125.68 million, up from $82.29 million a year ago [4]. Asset and Income Projections - 'Average balances - Total interest-earning assets' are forecasted to be $45.90 billion, compared to $42.95 billion last year [5]. - 'Total nonperforming assets' are projected at $126.91 million, up from $86.64 million year-over-year [5]. - 'Net Interest Income' is expected to reach $360.31 million, an increase from $317.25 million last year [5]. Noninterest Income Estimates - 'Total noninterest income' is projected at $107.61 million, compared to $79.09 million a year ago [6]. - 'Service charges on deposit accounts' are expected to be $16.50 million, up from $12.66 million [6]. - 'Insurance sales commissions' are estimated at $3.27 million, slightly up from $3.07 million last year [6]. Additional Income Metrics - 'Trust fees' are expected to reach $8.44 million, compared to $6.99 million last year [7]. - 'Income from equity method investment' is projected at $16.03 million, up from $14.43 million [7]. - 'Other noninterest income' is estimated at $43.83 million, compared to $27.53 million in the same quarter last year [8]. Market Performance - Pinnacle Financial shares have increased by 0.8% over the past month, contrasting with a -3.3% change in the Zacks S&P 500 composite [8]. - With a Zacks Rank 2 (Buy), PNFP is expected to outperform the overall market in the near term [8].

Core Viewpoint - Pinnacle Financial (PNFP) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended December 2024, with the consensus outlook suggesting a positive earnings picture [1][3]. Earnings Expectations - The upcoming earnings report is expected to reveal quarterly earnings of $1.80 per share, reflecting a year-over-year increase of +7.1%, while revenues are projected to reach $463.47 million, up 16.9% from the previous year [3]. - The stock price may increase if the reported figures exceed expectations, whereas a miss could lead to a decline in stock value [2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [4]. - The Most Accurate Estimate for Pinnacle Financial is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.08%, suggesting a bullish outlook from analysts [10]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Pinnacle Financial currently holds a Zacks Rank of 2, reinforcing the likelihood of surpassing the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Pinnacle Financial exceeded the expected earnings of $1.79 per share by delivering $1.86, resulting in a surprise of +3.91% [12]. - The company has successfully beaten consensus EPS estimates in all of the last four quarters [13]. Conclusion - Pinnacle Financial is positioned as a compelling candidate for an earnings beat, although investors should consider additional factors beyond earnings results when making investment decisions [16].

Core Viewpoint - Pinnacle Financial (PNFP) is a regional bank that has consistently exceeded earnings estimates and is well-positioned for future earnings surprises [1][3]. Earnings Performance - For the last reported quarter, Pinnacle Financial achieved earnings of $1.86 per share, surpassing the Zacks Consensus Estimate of $1.79 per share, resulting in a surprise of 3.91% [2]. - In the previous quarter, the company was expected to report earnings of $1.60 per share but delivered $1.63 per share, yielding a surprise of 1.88% [2]. Earnings Estimates and Predictions - There has been a favorable shift in earnings estimates for Pinnacle Financial, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for an earnings beat [3][6]. - The current Earnings ESP for Pinnacle Financial is +2.08%, suggesting that analysts are optimistic about its near-term earnings potential [6]. Zacks Rank and Success Rate - Pinnacle Financial holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a high likelihood of another earnings beat [6]. - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4].

Financial Performance - Diluted net income per common share for Q3 2024 was $1.86, up from $1.69 in Q3 2023, and for the nine months ended September 30, 2024, it was $4.08 compared to $5.99 in the same period last year [154]. - Net income for Q3 2024 was $146.7 million, representing a 10.6% increase from $132.6 million in Q3 2023 [169]. - Basic net income per common share increased to $1.87, up 10.7% from $1.69 in Q3 2023 [170]. - Return on average assets improved to 1.15%, up from 1.08% in Q3 2023, marking a 6.5% increase [170]. - Return on average shareholders' equity increased to 9.07%, a 4.7% rise from 8.66% in the same quarter last year [170]. Revenue and Income Sources - Net interest income for Q3 2024 was $351.5 million, a 10.8% increase from $317.2 million in Q3 2023 [169]. - Noninterest income for Q3 2024 increased by $24.4 million, or 26.9%, but decreased by $94.5 million, or 26.7%, for the nine months compared to the same periods in 2023 [157][158]. - Income from wealth management increased by $6.8 million (29.7%) and $14.0 million (20.2%) for the three and nine months ended September 30, 2024, compared to the same periods in 2023, driven by a rise in the number of wealth management advisors and strong market performance [181]. - Commissions and fees from investment services at Pinnacle Asset Management rose by approximately $4.6 million and $9.3 million for the three and nine months ended September 30, 2024, respectively, compared to the same periods in 2023 [181]. Loan and Deposit Growth - Total loans increased to $34.3 billion at September 30, 2024, up from $32.7 billion at December 31, 2023, representing a growth of $1.6 billion, or 5.0% [162]. - Total deposits rose to $41.0 billion at September 30, 2024, an increase of $2.4 billion, or 6.3%, from $38.5 billion at December 31, 2023 [162]. - Loans, net of allowance for credit losses, grew to $33.92 billion, a 4.9% increase from $32.32 billion as of December 31, 2023 [170]. - Total loans outstanding increased to $34.3 billion at September 30, 2024, up from $32.7 billion at December 31, 2023 [208]. Expenses and Efficiency - Noninterest expense increased by $46.1 million, or 21.6%, for Q3 2024, and by $136.5 million, or 21.4%, for the nine months compared to the same periods in 2023 [159]. - The efficiency ratio was 55.6% for Q3 2024, compared to 52.3% in Q3 2023, indicating an increase in expenses relative to revenue generation [160]. - Total noninterest expense increased by 21.6% and 21.4% for the three and nine months ended September 30, 2024, totaling $259.3 million and $773.1 million, respectively [194]. - Salaries and employee benefits expenses rose by $29.9 million and $57.9 million for the three and nine months ended September 30, 2024, largely due to an increase in the associate base and annual merit increases [195]. Credit Quality and Allowance for Losses - The allowance for credit losses was $391.5 million at September 30, 2024, up from $353.1 million at December 31, 2023, reflecting increased reserves due to macroeconomic conditions [163]. - The provision for credit losses was $26.3 million and $90.9 million for the three and nine months ended September 30, 2024, compared to $26.8 million and $77.3 million for the same periods in 2023 [177]. - Total loans past due 30 to 89 days decreased to $60.2 million as of September 30, 2024, from $116.4 million at December 31, 2023, representing a reduction of approximately 48.3% [215]. - Total loans past due 90 days or more increased to $82.0 million as of September 30, 2024, compared to $33.4 million at December 31, 2023, indicating a rise of approximately 145.0% [215]. Capital and Funding - Shareholders' equity rose to $6.3 billion as of September 30, 2024, compared to $6.0 billion at December 31, 2023 [236]. - The company has authorized a share repurchase program for up to $125.0 million, effective through March 31, 2025, but did not repurchase any shares during 2023 or the first nine months of 2024 [240]. - Pinnacle Bank had approximately $6.5 billion in available Federal Reserve discount window lines of credit as of September 30, 2024 [266]. - The company has approximately $192.0 million in cash available to support Pinnacle Bank's capital needs as of September 30, 2024 [238]. Economic and Market Conditions - The Federal Reserve has reduced short-term interest rates by 50 basis points in 2024, impacting the company's interest rate outlook [176]. - The company's earnings simulation model indicated a 0.28% increase in net interest income with a 100 bps increase in rates as of September 30, 2024 [248]. - The economic value of equity (EVE) model showed a decrease of 6.38% with a 100 bps increase in rates as of September 30, 2024 [252]. - Scheduled loan payments provide a stable source of funds, but loan payoffs and deposit flows are significantly influenced by interest rates and economic conditions [264].

For the quarter ended September 2024, Pinnacle Financial (PNFP) reported revenue of $466.75 million, up 14.4% over the same period last year. EPS came in at $1.86, compared to $1.79 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $454.18 million, representing a surprise of +2.77%. The company delivered an EPS surprise of +3.91%, with the consensus EPS estimate being $1.79. While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Pinnacle Financial (PNFP) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.79 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.91%. A quarter ago, it was expected that this regional bank operator would post earnings of $1.60 per share when it actually produced earnings of $1.63, delivering a surprise of 1.88%. Over the last four quar ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Pinnacle Financial (PNFP) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on O ...

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Q2 2024 Earnings Conference Call July 17, 2024 9:30 AM ET Company Participants Terry Turner - Chief Executive Officer Harold Carpenter - Chief Financial Officer Conference Call Participants Brett Rabatin - Hovde Group Steven Alexopoulos - JPMorgan Jared Shaw - Barclays Capital Brandon King - Truist Catherine Mealor - KBW Timur Braziler - Wells Fargo Stephen Scouten - Piper Sandler Russell Gunther - Stephens Zach Westerlind - UBS Brian Martin - Janney Operat ...

The reported revenue compares to the Zacks Consensus Estimate of $426.4 million, representing a surprise of -14.04%. The company delivered an EPS surprise of +1.87%, with the consensus EPS estimate being $1.60. Shares of Pinnacle Financial have returned +16.3% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. For the quarter ended June 2024, Pinnacle Financi ...

This quarterly report represents an earnings surprise of 1.87%. A quarter ago, it was expected that this regional bank operator would post earnings of $1.52 per share when it actually produced earnings of $1.53, delivering a surprise of 0.66%. Pinnacle Financial, which belongs to the Zacks Banks - Southeast industry, posted revenues of $366.55 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 14.04%. This compares to year-ago revenues of $489.23 million. The company has topped ...