Overview

* Pinnacle Financial ( PNFP ) Q2 revenue beats analyst expectations, per LSEG data

* Net income per diluted share rises 212.5% yr/yr to $2.00

* Loan growth at 10.7% linked-quarter annualized, net interest margin up to 3.23%

Outlook

* Company expects continued margin expansion into the third quarter of 2025

* Pinnacle Financial ( PNFP ) optimistic about performance for remainder of 2025

* Pinnacle Financial ( PNFP ) plans to rely on recent hires for loan growth

Result Drivers

* LOAN GROWTH - Pinnacle's commercial and industrial loan segment showed strong growth, increasing 21.9% linked-quarter annualized, according to CFO Harold R. Carpenter.

* NONINTEREST INCOME - Increase in noninterest income driven by wealth management and investment in Bankers Healthcare Group, contributing to overall revenue growth.

* NET INTEREST MARGIN - Net interest margin increased to 3.23%, aiding in the earnings growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $504.99 $499.50

Revenue mln mln (11

Analysts

)

Q2 EPS $2

Q2 Net $379.53

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Pinnacle Financial Partners Inc ( PNFP ) is $124.50, about 4.4% above its July 14 closing price of $119.04

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

(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.)