NASHVILLE, Tenn. (AP) — Pinnacle Monetary Companions Inc. (PNFP) on Tuesday reported third-quarter earnings of $110.6 million.
The financial institution, primarily based in Nashville, Tennessee, stated it had earnings of $1.42 per share. Earnings, adjusted for one-time positive aspects and prices, have been $1.45 per share.
The outcomes topped Wall Road expectations. The typical estimate of six analysts surveyed by Zacks Funding Analysis was for earnings of $1.10 per share.
The regional financial institution operator posted income of $340.three million within the interval. Its income internet of curiosity expense was $297.7 million, which additionally topped Road forecasts. 4 analysts surveyed by Zacks anticipated $279.three million.
Pinnacle Monetary shares have fallen 37% because the starting of the yr. Within the ultimate minutes of buying and selling on Tuesday, shares hit $40.37, a drop of 32% within the final 12 months.
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