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Shares of Pinnacle Finl Partners (NASDAQ:PNFP) moved higher by 0.5% in after-market trading after the company reported Q4 results.
Earnings per share rose 24.41% over the past year to $1.58, which beat the estimate of $1.35.
Revenue of $304,429,000 higher by 20.06% year over year, which beat the estimate of $303,800,000.
Earnings guidance hasn't been issued by the company for now.
Pinnacle Finl Partners hasn't issued any revenue guidance for the time being.
52-week high: $71.96
52-week low: $27.80
Price action over last quarter: Up 65.26%
Pinnacle Financial Partners Inc is a bank holding company. The company operates through its wholly owned subsidiary, Pinnacle Bank. The bank provides a full range of lending products, including commercial, real estate, and consumer loans to individuals and small to medium-size businesses. Pinnacle operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis, and Chattanooga, Tennessee, as well as surrounding counties. Its strategy relies heavily on mergers and acquisitions. A majority of its loan portfolio is in commercial loans, primarily real estate, as well as industrial loans. The bank generates a majority of its net revenue through net interest income.
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