PNFP In The News
Community banks in Nashville are on their way to one of the strongest years since the recession. Growth in profitability continues to be centered among Nashville’s largest lenders--especially the biggest, Pinnacle Bank.
The Nashville Business Journal profiles Music City’s three largest local lenders, including Pinnacle, and calls them a force within the Nashville banking community, making fast gains and posting results like none of their competitors.
Lending to small businesses is on the rise again, a shift that could bode well for hiring and the overall economy. The Tennessean talked to Chip Higgins, our small business banking team leader, about why now is a good time to borrow.
Local banks and the U.S. Small Business Administration can both cite statistics showing small-business lending is growing throughout Middle Tennessee. At the end of 2013, Pinnacle Financial Partners laid claim to the top spot for small-business lending in a nine-county area.
Pinnacle was among the best-performing publicly traded financial stocks in the Southeast for 2013, according to data collected by SNL Financial and Banks Street Partners.
American Banker named Pinnacle the Best Bank to Work For in the $3B to $10B category, as well as No. 1 overall.
Pinnacle closed trading with a market cap of more than $1 billion for the first time ever.
The leaders of Pinnacle Financial Partners said they are confident the 13-year-old bank can continue to add market share in Nashville and Knoxville after reporting better-than-expected second-quarter earnings.
Pinnacle Financial Partners has been added to the Nasdaq Financial-100 Index.
In the first quarter of 2013, Nashville-based Pinnacle Financial Partners reported net income of $13.4 million, up from $7.2 million a year ago.