Compared to Estimates, Pinnacle Financial (PNFP) Q2 Earnings: A Look at Key Metrics

Core Viewpoint - Pinnacle Financial reported strong financial results for the quarter ended June 2025, with significant year-over-year growth in revenue and earnings per share, exceeding market expectations [1][2]. Financial Performance - Revenue for the quarter was $504.99 million, a 37.8% increase year-over-year, surpassing the Zacks Consensus Estimate of $492.81 million by 2.47% [1]. - Earnings per share (EPS) reached $2.00, compared to $1.63 a year ago, reflecting a surprise of 4.17% against the consensus estimate of $1.92 [1]. Key Metrics - Net Interest Margin was reported at 3.2%, matching the average estimate from six analysts [4]. - Efficiency Ratio stood at 56.7%, slightly above the estimated 55.4% by six analysts [4]. - Annualized net loan charge-offs to average loans were 0.2%, in line with the five-analyst average estimate [4]. - Average balances of total interest-earning assets were $49.1 billion, exceeding the estimated $48.7 billion [4]. - Nonaccrual loans totaled $157.17 million, lower than the estimated $180.33 million [4]. - Total nonperforming assets were $162.01 million, compared to the average estimate of $184.79 million [4]. - Total noninterest income was $125.46 million, surpassing the average estimate of $116.7 million [4]. - Net Interest Income was reported at $379.53 million, slightly above the estimated $376.81 million [4]. - Gains on mortgage loans sold, net, were $1.97 million, below the estimated $3 million [4]. - Service charges on deposit accounts were $17.09 million, slightly below the estimated $17.5 million [4]. - Insurance sales commissions were $3.69 million, compared to the average estimate of $4.41 million [4]. - Trust fees were reported at $9.28 million, slightly below the average estimate of $9.4 million [4]. Stock Performance - Pinnacle Financial's shares have returned +15% over the past month, outperforming the Zacks S&P 500 composite's +5% change [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3].