Pinnacle announced today that its Board of Directors has approved the initiation of a quarterly cash dividend to the company’s common shareholders. The firm declared an $0.08 cash dividend to be paid on Dec. 20, 2013 to common shareholders of record as of the close of business on Nov. 26, 2013.
Pinnacle will release its third quarter 2013 financial results on Tuesday, Oct. 15, 2013, after the stock market closes. 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.
Pinnacle grew its deposit market share within the Nashville-Davidson-Murfreesboro-Franklin metropolitan statistical area (Nashville MSA) more than all competitors, including the larger regional banks, for the 12 months ended June 30, 2013, according to a recent Federal Deposit Insurance Corporation (FDIC) report.
Great Place to Work® named Pinnacle Financial Partners one of the best workplaces in the United States on its 2013 Best Small & Medium Workplaces list, published online in FORTUNE.
Pinnacle will participate in the FIG Partners 9th Annual CEO Forum in Atlanta, Ga. on Sept. 17, 2013. Harold R. Carpenter, executive vice president and chief financial officer, and Harvey White, chief credit officer and Knoxville president, will represent the company at the forum.
Pinnacle will participate in the 3rd Annual Stephens Bank CEO Forum in Little Rock, Ark. on Sept. 11-12, 2013. Harold R. Carpenter, executive vice president and chief financial officer, will represent the company at the forum.
Pinnacle reported net income available to common stockholders of $14.3 million for the quarter ended June 30, 2013, up from net income available to common stockholders of $7.8 million for the same quarter in 2012.
Pinnacle will release its second quarter 2013 financial results on Tuesday, July 16, 2013, after the stock market closes.
Pinnacle has been added to the NASDAQ Financial-100 Index (Nasdaq: IXFIN) effective with today’s trading.
Pinnacle will open its fourth full-service banking location in the Knoxville market on May 9. A grand opening celebration for the office, located at 9601 Kingston Pike in the Cedar Bluff area, will take place on May 22.