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Pinnacle Financial: 3Q Earnings Snapshot

NASHVILLE, Tenn. (AP) _ Pinnacle Financial Partners Inc. (PNFP) on Tuesday reported third-quarter net income of $110.5 million.

The Nashville, Tennessee-based bank said it had earnings of $1.44 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.

The regional bank operator posted revenue of $358.4 million in the period. Its revenue net of interest expense was $278.4 million, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $266.8 million.

Pinnacle Financial shares have risen 23% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $56.56, a rise of 1.5% in the last 12 months.


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