Pinnacle offices in the National Capital region are closed today due to inclement weather. All office and weather updates will be posted to PNFP.com/Weather.
Pinnacle offices in the National Capital region are closed today due to inclement weather. All office and weather updates will be posted to PNFP.com/Weather.
Pinnacle Financial Partners has been recognized as the No. 1 Small Business Administration (SBA) lender in Tennessee, demonstrating its continued commitment to small businesses throughout the state. Additionally, Pinnacle ranks No. 4 in SBA lending in North Carolina, No. 7 in South Carolina and No. 43 across the country. This achievement highlights Pinnacle’s deep roots as a small business bank and its ongoing dedication to supporting entrepreneurs and business owners.
Sabre Finance announced it received a $1,000,000 equity equivalent (EQ2) investment from Pinnacle Financial Partners. This investment will continue to support the efforts of Sabre Finance to reach underserved entrepreneurs to start and expand their small businesses through responsible and intentional funding.
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.86 for the quarter ended Sept. 30, 2024, compared to net income per diluted common share of $1.69 for the quarter ended Sept. 30, 2023, an increase of approximately 10.1 percent. Net income per diluted common share was $4.08 for the nine months ended Sept. 30, 2024, compared to $5.99 for the nine months ended Sept. 30, 2023, a decrease of approximately 31.9 percent.
Pinnacle Financial Partners continues to expand in the National Capital Region with the addition of Financial Advisors Joy Candelieri and Ryan Wilhelm. Both are based at the firm’s Tysons Corner office.
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its third quarter 2024 financial results on Tuesday, Oct. 15, 2024, after market close. It will also host a live webcast on Wednesday, Oct. 16, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters. The third quarter 2024 earnings release will be available on the investor relations page of Pinnacle's website at www.pnfp.com.
Pinnacle Financial Partners has added three financial services veterans to its Roanoke team. Financial Advisor Nathan Walker and Financial Advisor Assistants Christy Bennett and Jenna Nelson will expand Pinnacle’s ability to deliver distinctive service and effective advice to even more in this community.
Pinnacle Financial Partners grew local deposits in the Knoxville MSA by $319.9 million in the 12 months ended June 30, 2024, for a total of $2.9 billion. That’s an annual growth rate of 12.62 percent to reach 11.39 percent of local market share. The firm is the No. 4 largest bank in the MSA, according to FDIC data.
Pinnacle is now the second largest bank in the Chattanooga MSA by deposits, having grown deposits by $258.9 million in the 12 months ended June 30, 2024, for a total of $2.2 billion—the firm’s first time over the $2 billion mark locally. That’s an annual growth rate of 13.36 percent to reach 14.58 percent of local market share, according to FDIC data. No other bank in the market added more deposit dollars than Pinnacle in the period.
Pinnacle more than doubled its local deposits in the Bowling Green MSA in the 12 months ended June 30, 2024, for a total of $146.2 million and 3.2 percent of market share. That’s an annual growth rate of 101.9 percent, propelling the firm to be the fastest growing bank in both Bowling Green and all of Kentucky by year over year percentage growth in deposits, as well as the 12th largest bank in the MSA, according to FDIC data. That’s up from No. 15 in 2023, illustrating Pinnacle’s rapid rise as a go-to banking institution in South Central Kentucky.
Pinnacle Financial Partners grew local deposits in the Atlanta MSA by $212.3 million in the 12 months ended June 30, 2024, for a total of $746.6 million. That’s an annual growth rate of 39.7 percent to reach 0.2 percent of local market share. The firm is tied for the No. 25 largest bank in the Atlanta MSA, according to FDIC deposit data. That’s up from No. 30 in 2023.
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