NASHVILLE, Tenn. (AP) _ Pinnacle Monetary Companions Inc. (PNFP) on Tuesday reported third-quarter earnings of $110.6 million.
The financial institution, based mostly in Nashville, Tennessee, mentioned it had earnings of $1.42 per share. Earnings, adjusted for one-time positive factors and prices, have been $1.45 per share.
The outcomes topped Wall Road expectations. The common 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 web 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 12 months. Within the ultimate minutes of buying and selling on Tuesday, shares hit $40.37, a drop of 32% within the final 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing knowledge from Zacks Funding Analysis. Entry a Zacks inventory report on PNFP at https://www.zacks.com/ap/PNFP