Seeking Clues to Pinnacle Financial (PNFP) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Viewpoint - Analysts forecast that Pinnacle Financial (PNFP) will report quarterly earnings of $2.05 per share, reflecting a year-over-year increase of 10.2%, with anticipated revenues of $520.15 million, an 11.4% increase compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised upward by 0.1% in the past 30 days, indicating a reassessment by covering analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Financial Metrics - The consensus estimate for 'Net Interest Margin' is 3.2%, unchanged from the previous year [5]. - Analysts predict an 'Efficiency Ratio' of 54.5%, down from 55.6% in the same quarter last year [5]. - 'Nonaccrual loans' are expected to reach $161.39 million, up from $119.29 million year-over-year [5]. Asset and Income Estimates - 'Average balances - Total interest-earning assets' are projected to be $49.69 billion, an increase from $44.86 billion year-over-year [6]. - Total nonperforming assets are estimated at $166.75 million, compared to $120.12 million in the same quarter last year [6]. - 'Total noninterest income' is expected to be $126.71 million, up from $115.24 million year-over-year [7]. Specific Income Components - 'Net Interest Income' is projected at $392.83 million, compared to $351.50 million in the previous year [7]. - 'Service charges on deposit accounts' are expected to reach $17.46 million, up from $16.22 million year-over-year [8]. - 'Insurance sales commissions' are estimated at $3.66 million, compared to $3.29 million in the same quarter last year [8]. - 'Trust fees' are projected to be $9.47 million, up from $8.38 million year-over-year [9]. - 'Income from equity method investment' is expected to be $25.86 million, compared to $16.38 million last year [9]. - 'Other noninterest income' is projected at $50.19 million, up from $48.63 million year-over-year [9]. Stock Performance - Over the past month, shares of Pinnacle Financial have decreased by 6.8%, while the Zacks S&P 500 composite has increased by 3.5% [11]. - Currently, PNFP holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [11].