Pinnacle Financial Partners, Inc. (PNFP) Income Statement Analysis

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Complete financial analysis of Pinnacle Financial Partners, Inc. (PNFP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Pinnacle Financial Partners, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Pinnacle Financial Partners, Inc. (PNFP)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.pnfp.com

About Pinnacle Financial Partners, Inc.

Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts. Its loan products include commercial loans, such as equipment and working capital loans; commercial real estate loans comprising investment properties and business loans secured by real estate; and loans to individuals consisting of secured and unsecured installment and term loans, lines of credit, residential first mortgage loans, and home equity loans and lines of credit, as well as provides credit cards for consumers and businesses. The company also offers various securities and other financial products; investment products; brokerage and investment advisory programs; and fiduciary and investment management services, such as personal trust, endowments, foundations, individual retirement accounts, pensions, and custody. In addition, it provides insurance agency services primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, and other middle-market advisory services. Further, the company offers treasury management, telephone and online banking, mobile banking, debit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. It serves individuals, small to medium-sized businesses, and professional entities. As of December 31, 2020, the company operated 114 offices, including 48 in Tennessee, 36 in North Carolina, 20 in South Carolina, 9 in Virginia, and 1 in Georgia. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	1.60B	1.40B	1.21B	1.06B	939.86M	885.99M	650.25M	414.59M	302.57M	245.59M	223.00M	206.26M	189.40M	180.69M	170.44M	148.93M	98.23M	76.74M	34.43M	25.74M	16.19M	9.93M	4.83M	496.06K
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	44.05M	30.20M	21.57M	13.74M	9.63M	8.32M	9.24M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	1.60B	1.40B	1.21B	1.06B	939.86M	841.94M	620.05M	393.03M	288.83M	235.95M	214.69M	197.02M	189.40M	180.69M	170.44M	148.93M	98.23M	76.74M	34.43M	25.74M	16.19M	9.93M	4.83M	496.06K
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	95.03%	95.36%	94.80%	95.46%	96.08%	96.27%	95.52%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	563.64M	510.18M	436.01M	334.48M	313.36M	271.67M	209.66M	140.82M	105.93M	88.32M	82.65M	78.06M	93.98M	96.38M	73.90M	53.75M	36.15M	27.47M	13.13M	9.54M	7.26M	5.24M	4.14M	1.68M
Selling & Marketing	23.91M	21.07M	12.89M	10.69M	13.25M	11.71M	8.32M	6.54M	4.86M	4.13M	3.64M	3.64M	3.30M	3.23M	2.53M	1.92M	1.68M	1.23M	698.23K	606.84K	386.91K	244.50K	207.80K	151.04K
SG&A	587.55M	531.25M	448.89M	345.18M	326.61M	283.39M	217.98M	147.36M	110.79M	92.45M	86.29M	81.69M	97.28M	99.61M	76.43M	1.92M	37.82M	28.70M	13.83M	10.15M	7.65M	5.48M	4.35M	1.83M
Other Expenses	0.00	-520.34M	-1.00B	-1.03B	-768.93M	-488.85M	-69.88M	-48.25M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-7.73M	-4.45M
Operating Expenses	705.87M	21.07M	-553.96M	-684.73M	-442.32M	-181.61M	8.32B	6.54B	4.86B	4.13B	3.64B	3.64B	3.30B	3.23B	2.53B	1.92B	1.68B	1.23B	698.23M	606.84M	386.91M	244.50M	-3.39M	-2.63M
Cost & Expenses	705.87M	21.07M	-553.96M	-684.73M	-442.32M	-181.61M	8.35B	6.56B	4.88B	4.14B	3.65B	3.65B	3.30B	3.23B	2.53B	1.92B	1.68B	1.23B	698.23M	606.84M	386.91M	244.50M	-3.39M	-2.63M
Interest Income	2.35B	1.37B	1.03B	1.02B	1.07B	946.72M	636.14M	363.61M	255.17M	206.17M	191.28M	185.42M	188.35M	203.35M	205.72M	206.08M	150.93M	109.70M	46.31M	27.68M	18.26M	12.56M	6.07M	506.42K
Interest Expense	1.09B	244.64M	98.81M	199.25M	301.79M	210.38M	92.83M	38.61M	18.54M	13.19M	15.38M	22.56M	36.88M	58.97M	74.92M	91.87M	75.22M	48.74M	17.27M	7.41M	5.36M	4.36M	2.58M	125.35K
Depreciation & Amortization	78.70M	36.51M	32.32M	45.20M	32.01M	32.05M	22.52M	14.18M	1.97M	947.68K	1.26M	2.74M	2.86M	2.98M	3.19M	3.10M	4.30M	2.01M	1.94M	2.30M	1.81M	950.13K	632.80K	70.37K
EBITDA	0.00	759.79M	705.16M	416.56M	505.88M	0.00	0.00	191.57M	153.37M	114.93M	96.88M	82.46M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.79M	0.00	0.00	0.00	0.00
EBITDA Ratio	0.00%	67.86%	54.77%	36.09%	53.99%	71.87%	56.47%	59.57%	56.81%	52.17%	49.56%	46.20%	40.30%	28.00%	12.23%	95.61%	114.58%	100.52%	88.47%	66.84%	68.92%	63.60%	42.96%	-415.17%
Operating Income	895.91M	942.14M	651.91M	371.36M	497.54M	660.32M	358.38M	242.71M	169.93M	127.17M	109.25M	92.55M	73.47M	47.60M	17.65M	139.29M	108.25M	75.13M	28.52M	14.91M	9.34M	5.37M	1.44M	-2.13M
Operating Income Ratio	55.93%	67.30%	54.06%	35.16%	52.94%	74.53%	55.11%	58.54%	56.16%	51.78%	48.99%	44.87%	38.79%	26.35%	10.36%	93.53%	110.20%	97.90%	82.82%	57.92%	57.72%	54.03%	29.86%	-429.35%
Total Other Income/Expenses	-181.90M	-128.91M	-107.77M	-122.99M	-87.31M	-87.39M	6.11M	19.66M	-29.61M	-17.37M	-19.45M	-16.38M	0.00	-19.89M	-64.89M	-96.05M	-621.88K	-1.64M	0.00	0.00	-5.36M	-4.36M	-3.21M	-195.71K
Income Before Tax	714.01M	697.49M	651.91M	371.36M	497.54M	449.95M	297.99M	191.38M	143.10M	105.65M	85.88M	62.53M	28.50M	-19.89M	-64.89M	43.24M	33.03M	26.38M	11.25M	7.49M	3.98M	1.00M	0.00	0.00
Income Before Tax Ratio	44.58%	49.82%	54.06%	35.16%	52.94%	50.78%	45.83%	46.16%	47.29%	43.02%	38.51%	30.31%	15.05%	-11.01%	-38.07%	29.03%	33.63%	34.38%	32.67%	29.11%	24.59%	10.11%	0.00%	0.00%
Income Tax Expense	151.85M	136.75M	124.58M	59.04M	96.66M	90.51M	124.01M	64.16M	47.59M	35.18M	28.16M	20.64M	-15.24M	4.41M	-29.39M	12.37M	9.99M	8.46M	3.19M	2.17M	1.43M	356.12K	2.58M	125.35K
Net Income	562.15M	560.74M	527.32M	312.32M	400.88M	359.44M	173.98M	127.22M	95.51M	70.47M	57.73M	41.88M	43.74M	-24.30M	-35.50M	30.87M	23.04M	17.93M	8.06M	5.32M	2.55M	648.06K	-1.14M	-2.26M
Net Income Ratio	35.10%	40.05%	43.73%	29.57%	42.65%	40.57%	26.76%	30.69%	31.57%	28.69%	25.89%	20.31%	23.09%	-13.45%	-20.83%	20.73%	23.46%	23.36%	23.39%	20.67%	15.78%	6.53%	-23.53%	-454.62%
EPS	7.20	7.20	6.79	4.04	5.25	4.66	2.73	2.96	2.58	2.03	1.69	1.12	1.11	-0.74	-1.25	1.34	1.43	1.28	0.96	0.69	0.35	0.11	-0.29	-1.39
EPS Diluted	7.14	7.17	6.75	4.03	5.22	4.64	2.70	2.91	2.52	2.01	1.67	1.10	1.09	-0.74	-1.25	1.27	1.34	1.18	0.85	0.61	0.32	0.11	-0.29	-1.39
Weighted Avg Shares Out	76.02M	75.74M	75.47M	75.38M	76.36M	77.11M	63.76M	43.04M	37.02M	34.72M	34.20M	33.90M	33.42M	32.79M	28.40M	22.79M	16.10M	13.95M	8.41M	7.75M	7.38M	6.11M	3.96M	1.62M
Weighted Avg Shares Out (Dil)	76.65M	76.13M	75.93M	75.65M	76.76M	77.45M	64.33M	43.73M	37.97M	35.13M	34.51M	34.49M	34.06M	32.79M	28.40M	24.05M	17.26M	15.16M	9.46M	8.70M	7.88M	6.24M	3.96M	1.62M

Pinnacle Financial (PNFP) Q2 Earnings and Revenues Top Estimates

July 18, 2023zacks.com

Pinnacle Financial (PNFP) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $1.86 per share a year ago.

Pinnacle Financial (PNFP) Reports Q2 Earnings: What Key Metrics Have to Say

July 18, 2023zacks.com

The headline numbers for Pinnacle Financial (PNFP) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

PNFP Reports Diluted EPS of $2.54, ROAA of 1.71% and ROATCE of 21.06% for 2Q23

July 18, 2023businesswire.com

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $2.54 for the quarter ended June 30, 2023, compared to net income per diluted common share of $1.86 for the quarter ended June 30,...

Pinnacle Financial Partners: Attractive Growth And Impressive Stability Make This Appealing

July 17, 2023seekingalpha.com

Pinnacle Financial Partners has seen a recovery in its share price following the financial crisis earlier this year, with deposits growing in the most recent quarter. The bank has a solid track record in revenue and profit growth, but a...

Analysts Estimate Pinnacle Financial (PNFP) to Report a Decline in Earnings: What to Look Out for

July 11, 2023zacks.com

Pinnacle Financial (PNFP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

These 20 banks have had the largest cuts to earnings estimates

July 6, 2023marketwatch.com

Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big six” industry group, Bank of America Corp.,...

Pinnacle Financial Partners Announces Dates for Second Quarter 2023 Earnings Release and Conference Call

July 5, 2023businesswire.com

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its second quarter 2023 financial results on Tuesday, July 18, 2023, after market close. It will also host a live webcast on Wednesday, July 19, at 8:30...

Hovde Group cuts bank earnings view across the board amid a ‘competitive battle of historic proportions' over deposit funding costs

June 14, 2023marketwatch.com

Hovde Group analysts on Wednesday cut their earnings projections for its coverage area of 27 regional banks to about 7% to 9% below the current Wall Street consensus figures amid competition for deposits, as Fifth Third Bancorp added its name...