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Pinnacle Financial Partners First Quarter 2025 Earnings: Revenues Disappoint
Tue 13 May 25, 10:09 AMPinnacle Financial Partners Expands Into Richmond, VA
Mon 21 Apr 25, 03:30 PMQ1 2025 Pinnacle Financial Partners Inc Earnings Call
Wed 16 Apr 25, 04:55 AMPinnacle Financial Partners Announces 1Q25 Dividend
Tue 15 Apr 25, 08:32 PMPinnacle Financial (PNFP) Reports Q1 Earnings: What Key Metrics Have to Say
Mon 14 Apr 25, 10:30 PMPinnacle Financial (PNFP) Tops Q1 Earnings Estimates
Mon 14 Apr 25, 10:15 PMPNFP Reports 1Q25 Diluted EPS of $1.77; Adjusted Diluted EPS of $1.90
Mon 14 Apr 25, 09:00 PMPinnacle Financial (PNFP) Moves 10.4% Higher: Will This Strength Last?
Thu 10 Apr 25, 01:37 PMHancock Whitney (HWC) Reports Next Week: What You Should Expect
Tue 08 Apr 25, 02:00 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 697.49M | 651.90M | 371.36M | 497.54M | 449.95M |
| Minority interest | - | - | - | - | - |
| Net income | 560.74M | 527.32M | 312.32M | 400.88M | 359.44M |
| Selling general administrative | 510.18M | 436.01M | 334.48M | 313.36M | 271.67M |
| Selling and marketing expenses | 21.07M | 12.89M | 10.69M | 13.25M | 11.71M |
| Gross profit | 1399.95M | 1205.86M | 1056.09M | 939.86M | 841.94M |
| Reconciled depreciation | 7.81M | 8.52M | 45.20M | 8.34M | -23.60400M |
| Ebit | 942.13M | 651.90M | 371.36M | 497.54M | 626.17M |
| Ebitda | 949.95M | 660.42M | 381.15M | 507.44M | 636.72M |
| Depreciation and amortization | 7.81M | 8.52M | 9.79M | 9.91M | 10.55M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 942.13M | 651.90M | 371.36M | 497.54M | 660.32M |
| Other operating expenses | 21.07M | 553.96M | 684.73M | 442.32M | 181.61M |
| Interest expense | 244.64M | 98.81M | 199.25M | 301.79M | 210.38M |
| Tax provision | 136.75M | 124.58M | 59.04M | 96.66M | 90.51M |
| Interest income | 1373.93M | 1031.21M | 1021.04M | 1067.94M | 946.72M |
| Net interest income | 1129.29M | 932.40M | 821.79M | 766.14M | 736.34M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 136.75M | 124.58M | 59.04M | 96.66M | 90.51M |
| Total revenue | 1399.95M | 1205.86M | 1056.09M | 939.86M | 885.99M |
| Total operating expenses | 21.07M | -553.95600M | -684.73100M | -442.32000M | -181.61400M |
| Cost of revenue | - | - | - | - | 44.05M |
| Total other income expense net | -244.64200M | -98.81300M | -199.25400M | -301.79400M | -210.37500M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 560.74M | 527.32M | 312.32M | 400.88M | 359.44M |
| Net income applicable to common shares | 545.55M | 512.13M | 304.73M | 400.88M | 359.44M |
| Preferred stock and other adjustments | - | 15.19M | 7.60M | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 48145.88M | 41970.02M | 38469.40M | 34932.86M | 27805.50M |
| Intangible assets | 27.46M | 34.55M | 33.82M | 42.34M | 51.13M |
| Earning assets | - | - | - | - | 4060.16M |
| Other current assets | 3009.79M | -877.28600M | 20864.56M | 20440.84M | 17660.45M |
| Total liab | 42110.09M | 36450.63M | 33158.79M | 30028.25M | 23449.75M |
| Total stockholder equity | 6035.79M | 5519.39M | 5310.61M | 4904.61M | 4355.75M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 17217.38M | -19.47800M | -12.50400M | -24.93400M | -42.18300M |
| Common stock | 76.77M | 76.45M | 76.14M | 75.85M | 76.56M |
| Capital stock | 293.89M | 293.58M | 293.27M | 292.98M | 76.56M |
| Retained earnings | 2784.93M | 2341.71M | 1864.35M | 1407.72M | 1184.18M |
| Other liab | - | 154.46M | 377.34M | 411.07M | 114.30M |
| Good will | 1846.97M | 1846.97M | 1819.81M | 1819.81M | 1819.81M |
| Other assets | - | 35771.91M | 20864.56M | 20440.84M | 17660.45M |
| Cash | 2143.48M | 1145.93M | 4019.03M | 3725.52M | 368.69M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 17464.21M | 19.48M | 12.50M | 24.93M | 42.18M |
| Current deferred revenue | -66.96700M | - | - | - | - |
| Net debt | 936.21M | -257.44400M | -2707.18100M | -1967.01800M | 2442.93M |
| Short term debt | 246.83M | - | 423.17M | - | 622.52M |
| Short long term debt | - | - | - | - | 622.52M |
| Short long term debt total | 3079.69M | 888.49M | 1311.85M | 1758.50M | 2811.61M |
| Other stockholder equity | 3109.49M | 3074.87M | 3045.80M | 3028.06M | 3064.47M |
| Property plant equipment | - | 455.97M | 288.18M | 290.00M | 273.93M |
| Total current assets | 3009.79M | 3988.70M | 9032.04M | 7416.28M | 3993.14M |
| Long term investments | 7769.11M | 7081.10M | 6430.98M | 22567.03M | 20177.72M |
| Net tangible assets | - | 3414.14M | 3239.85M | 2825.34M | 2484.81M |
| Short term investments | 4317.53M | 3558.87M | 4914.19M | 3586.68M | 3539.99M |
| Net receivables | 217.49M | 161.18M | 98.81M | 104.08M | 84.46M |
| Long term debt | 2563.11M | 888.49M | 1311.85M | 670.58M | 749.08M |
| Inventory | 98.00M | 7.95M | 8.54M | 12.36M | 29.49M |
| Accounts payable | 66.97M | 19.48M | 12.50M | 24.93M | 42.18M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -152.52500M | -190.76100M | 107.19M | 175.85M | 30.53M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | 76.14M | 75.85M | 76.56M |
| Preferred stock total equity | - | - | 217.13M | 217.13M | - |
| Retained earnings total equity | - | - | 1864.35M | 1407.72M | 1184.18M |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 39775.67M | -7081.10500M | -8572.79700M | -7075.74400M | -6151.90100M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 45136.09M | 2209.41M | 8572.80M | 7075.74M | 6151.90M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | - | - | 423.17M | 670.58M | 749.08M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -6684.43900M | -2682.93100M | -3402.40500M | -2161.55700M | -2810.94900M |
| Change to liabilities | 0.00000M | -60.31500M | 81.32M | 79.26M | 60.62M |
| Total cashflows from investing activities | -6684.43900M | -3612.95500M | -3568.66200M | -2619.06100M | -2969.08400M |
| Net borrowings | -412.47700M | -425.86700M | -1053.57400M | 772.24M | 112.23M |
| Total cash from financing activities | 3155.36M | 3095.60M | 6575.58M | 1989.79M | 2440.42M |
| Change to operating activities | -109.51300M | 13.21M | -75.97200M | 21.77M | 36.15M |
| Net income | 560.74M | 527.32M | 312.32M | 400.88M | 359.44M |
| Change in cash | -2924.15700M | 140.09M | 3434.74M | -194.98500M | -57.90400M |
| Begin period cash flow | 4101.54M | 3961.45M | 526.71M | 721.69M | 779.60M |
| End period cash flow | 1177.38M | 4101.54M | 3961.45M | 526.71M | 721.69M |
| Total cash from operating activities | 604.92M | 657.44M | 427.82M | 434.29M | 470.76M |
| Issuance of capital stock | 0.00000M | 0.00000M | 217.13M | 0.00000M | 0.00000M |
| Depreciation | 62.30M | 53.26M | 45.20M | 8.34M | -23.60400M |
| Other cashflows from investing activities | -206.17200M | 113.97M | -127.49600M | -201.68700M | -134.39600M |
| Dividends paid | 83.39M | 70.70M | 56.98M | 49.83M | 45.45M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | - | - |
| Sale purchase of stock | -5.46200M | -3.79000M | -53.27800M | -61.41600M | -20.69400M |
| Other cashflows from financing activities | 4204.49M | 3620.35M | 8560.27M | 4338.99M | 4048.57M |
| Change to netincome | 91.40M | 63.65M | 108.22M | -28.06600M | 33.32M |
| Capital expenditures | 64.35M | 23.18M | 39.76M | 42.15M | 23.74M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | 73.53M | -157.29400M | -42.80300M | -12.70600M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | 140.09M | 3434.74M | -194.98500M | -57.90400M |
| Change in working capital | -109.51300M | 13.21M | -75.97200M | 21.77M | 36.15M |
| Stock based compensation | 39.55M | 24.95M | 18.74M | 21.23M | 17.64M |
| Other non cash items | 32.11M | 50.93M | 185.85M | -32.62200M | 69.37M |
| Free cash flow | 540.58M | 634.27M | 388.06M | 392.13M | 447.02M |
Sector: Financial Services Industry: Banks - Regional
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | |
|---|---|---|---|---|---|---|---|
| PNFP Pinnacle Financial Partners, Inc. |
2.30 2.46% | 95.80 | 11.40 | 12.08 | 3.85 | 1.06 | |
| HDB HDFC Bank Limited ADR |
0.41 1.74% | 23.96 | 20.81 | 20.96 | 0.11 | 4.77 | |
| CIHKY China Merchants Bank Co Ltd |
0.04 0.15% | 30.44 | 7.78 | 7.65 | 0.56 | 0.90 | 3.62 |
| DBSDF DBS Group Holdings Ltd |
1.22 2.50% | 50.10 | 15.29 | 14.41 | 5.84 | 2.36 | 10.40 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% | 5.92 | 6.10 | 5.67 | 0.44 | 0.77 | 3.43 |
Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services. It offers equipment and working capital loans; commercial real estate loans comprising investment properties and business loans; secured and unsecured loans, such as installment and term, lines of credit, and residential first mortgage, as well as home equity loans and home equity lines of credit; and credit cards for consumers and businesses. The company also provides investment products; brokerage and investment advisory programs; and fiduciary and investment services, such as personal trust, investment management, estate administration, endowments, foundations, individual retirement accounts, escrow services, and custody. In addition, it offers insurance agency services primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, and other middle-market advisory services. Further, the company provides telephone and online banking, mobile banking, debit and credit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee.
150 Third Avenue South, Nashville, TN, United States, 37201
| Name | Title | Year Born |
|---|---|---|
| Mr. Robert A. McCabe Jr. | Co-Founder & Chairman | 1951 |
| Mr. Michael Terry Turner | Pres, CEO & Director | 1955 |
| Mr. Harold R. Carpenter Jr. | Exec. VP, CFO & Principal Accounting Officer | 1960 |
| Mr. Hugh M. Queener | Exec. VP, Chief Admin. Officer & Corp. Sec. | 1956 |
| Mr. Richard D. Callicutt II | Chairman for the Carolinas & Virginia and Director | 1959 |
| Mr. Mac Johnston | Chief Investment Officer | NA |
| Mr. Randall L. Withrow | Chief Information Officer & Sr. VP | NA |
| Ms. Mary W. Schneider | Chief Compliance Officer | NA |
| Ms. Catherine C. Stallings | Chief Legal Counsel | NA |
| Ms. Nikki Minges | Director of Communications | NA |
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