U.S. markets close in 4 hours 11 minutes
  • S&P 500

    3,979.02
    -109.83 (-2.69%)
     
  • Dow 30

    31,905.14
    -749.45 (-2.30%)
     
  • Nasdaq

    11,620.11
    -364.41 (-3.04%)
     
  • Russell 2000

    1,798.99
    -41.30 (-2.24%)
     
  • Crude Oil

    110.24
    -2.16 (-1.92%)
     
  • Gold

    1,818.00
    -0.90 (-0.05%)
     
  • Silver

    21.55
    -0.20 (-0.94%)
     
  • EUR/USD

    1.0504
    -0.0051 (-0.48%)
     
  • 10-Yr Bond

    2.9170
    -0.0510 (-1.72%)
     
  • GBP/USD

    1.2407
    -0.0086 (-0.69%)
     
  • USD/JPY

    128.2410
    -1.1170 (-0.86%)
     
  • BTC-USD

    29,032.01
    -1,056.12 (-3.51%)
     
  • CMC Crypto 200

    648.85
    -21.83 (-3.25%)
     
  • FTSE 100

    7,449.78
    -68.57 (-0.91%)
     
  • Nikkei 225

    26,911.20
    +251.45 (+0.94%)
     

Pinnacle Finl Partners: Q4 Earnings Insights

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Pinnacle Finl Partners (NASDAQ:PNFP) moved higher by 0.5% in after-market trading after the company reported Q4 results.

Quarterly 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.

Guidance

Earnings guidance hasn't been issued by the company for now.

View more earnings on PNFP

Pinnacle Finl Partners hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $71.96

52-week low: $27.80

Price action over last quarter: Up 65.26%

Company Description

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.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.