Overview

* Pinnacle Q3 net income rises to $1.069 mln from $1.057 mln yr ago

* Earnings per share for Q3 increased to $1.19 from $1.16 yr ago

* Net interest margin for Q3 declines to 3.20% from 3.24% yr ago

Outlook

* Company did not provide specific future guidance

Result Drivers

* INFLATION IMPACT - Rising interest rates due to inflation led to unrealized losses in securities portfolio, but management views these as temporary

* DEPOSIT GROWTH - Total deposits increased by $7.7 mln or 2.4% compared to December 31, 2024

* CAPITAL POSITION - Pinnacle Bank classified as 'well capitalized' with capital ratios exceeding regulatory requirements

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $1.07

Income mln

Q3 Net 3.20%

Interest

Margin

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)