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Pinnacle Financial: 4Q Earnings Snapshot

NASHVILLE, Tenn. (AP) _ Pinnacle Financial Partners Inc. (PNFP) on Tuesday reported fourth-quarter earnings of $96.1 million.

The bank, based in Nashville, Tennessee, said it had earnings of $1.26 per share. Earnings, adjusted for non-recurring costs, were $1.27 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The regional bank operator posted revenue of $327.9 million in the period. Its revenue net of interest expense was $253.6 million, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $260.6 million.

For the year, the company reported profit of $400.9 million, or $5.22 per share. Revenue was reported as $1.03 billion.

Pinnacle Financial shares have declined 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $62.06, an increase of 13% 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