News Releases
PNFP Reports Diluted EPS of $1.69, ROAA of 1.46% and ROTCE of 17.32% for 2Q2021
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.69 for the quarter ended June 30, 2021, compared to net income per diluted common share of $0.83 for the quarter ended June 30, 2020, an increase of approximately 104 percent. Excluding gains and losses on the sale of investment securities and ORE expense for the three months ended June 30, 2021 and 2020 and FHLB restructuring charges for the three months ended June 30, 2020, net income per diluted common share was $1.68 for the three months ended June 30, 2021, compared to $0.89 for the three months ended June 30, 2020, a year-over-year increase of nearly 89 percent.
Pinnacle Financial Partners Commits $10 Million Investment to The Housing Fund's Shared Equity Program
Pinnacle Financial Partners has committed to a $10 million investment in The Housing Fund for the organization’s Shared Equity Program of affordable housing. The money will fund home loans made to low- to moderate-income individuals and families in Nashville and Middle Tennessee.
Pinnacle is One of the Country's Top 5 Workplaces for Millennials
Pinnacle Financial Partners is among the top companies in the country for millennials to work, which includes associates from age 24 to 40. The firm earned the No. 4 spot on the list of Best Workplaces for Millennials from FORTUNE magazine and Great Place to Work®, just as it did in 2020.
Four Advisors and a Financial Specialist Expand Pinnacle's Raleigh Glenwood Team
Pinnacle Financial Partners has expanded commercial banking services at the firm’s Raleigh Glenwood office with the addition of financial advisors Ron Schappell and Dillon Ortman, both of whom come from BBVA. They advise commercial and middle market clients as part of Pinnacle’s client advisory group. Also joining Pinnacle are Darrin Blalock, Chris Frederick and Kathy Santoli.
Pinnacle Financial Partners Announces Dates for Second Quarter 2021 Earnings Release and Conference Call
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its second quarter 2021 financial results on Tuesday, July 20, 2021, after market close. It will also host a live webcast on Wednesday, July 21, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters. The second quarter 2021 earnings release will be available on the investor relations page of Pinnacle's website at www.pnfp.com.
Pinnacle Financial Partners Recruits Four Veteran Financial Professionals in Birmingham
Four of Birmingham’s top financial professionals have joined Pinnacle Financial Partners to serve clients in Birmingham and the surrounding region. Mark Imig, former regional manager for corporate banking at First Horizon, will lead the team as Pinnacle’s regional president in Birmingham. He is joined by Pat Sullivan and Chris Bledsoe, both experienced financial advisors serving commercial clients, and credit advisor Rayna Hawthorne.
Pinnacle is Still the One in Knoxville
Pinnacle Financial Partners is still the No. 1 workplace on the Knoxville News Sentinel’s list of Top Workplaces in the mid-size business category – one of only nine who have been recognized all five years of the newspaper’s rankings. Pinnacle also received a special Meaningfulness Award overall for being a workplace where associates feel they are part of something meaningful.
Pinnacle Expands Wealth Management Services at Raleigh Glenwood Office
Pinnacle Financial Partners has expanded wealth management services at the firm’s Raleigh Glenwood office with the addition of trust portfolio advisor Matt Brearley. He brings 15 years of experience consulting with high net worth clients on the most efficient strategies to accumulate, distribute and pass on wealth. Pinnacle associates Brielle Pittman and Christina Hare also joined the firm recently, as financial specialist and financial advisor assistant, respectively. Both are based at the Raleigh Glenwood office with Brearley at 3515 Glenwood Ave.
Kroll Bond Rating Agency Upgrades Pinnacle Credit Ratings to A- and BBB+
Kroll Bond Rating Agency (KBRA) recently upgraded credit and preferred shares ratings for Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP), affirming the firm’s strategic business model and navigation of the pandemic. The agency upgraded Pinnacle's senior unsecured credit rating to A- (from BBB+). Likewise, the subordinated debt rating was upgraded to BBB+ (from BBB). These ratings place Pinnacle at the upper end of KBRA’s rated bank universe.
Pinnacle Financial Partners Relocating Corporate Headquarters to Nashville Yards in Downtown Nashville
Pinnacle Financial Partners announced today that it will relocate its corporate headquarters to a new, to-be-constructed office tower at Nashville Yards, the 18-acre project in downtown Nashville from owner and developer Southwest Value Partners. Pinnacle will be the anchor tenant in the multi-tenant tower, the first of that kind in Nashville Yards, which is also home to Amazon Nashville.
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