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Pinnacle Financial posts 1Q profit

NASHVILLE, Tenn. (AP) _ Pinnacle Financial Partners Inc. (PNFP) on Monday reported first-quarter earnings of $39.7 million.

The bank, based in Nashville, Tennessee, said it had earnings of 82 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 83 cents per share.

The regional bank operator posted revenue of $132.5 million in the period. Its adjusted revenue was $119.1 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $120.1 million.

Pinnacle Financial shares have fallen 10 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $62.05, a rise of 21 percent 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


Keywords: Pinnacle Financial, Earnings Report