Pinnacle Financial: Q2 Earnings Snapshot
By AP News
Published - Jul 18, 2023, 05:09 PM ET
Last Updated - Jul 18, 2023, 05:09 PM EDT
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Pinnacle Financial Partners Inc. (PNFP) on Tuesday reported second-quarter profit of $197.3 million.
The Nashville, Tennessee-based bank said it had earnings of $2.54 per share. Earnings, adjusted for non-recurring gains, were $1.79 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.
The regional bank operator posted revenue of $749.1 million in the period. Its revenue net of interest expense was $489.2 million, which also beat Street forecasts. Six analysts surveyed by Zacks expected $405.4 million.
