News Releases
HPB Earns Best Practices Status for Second Consecutive Year
HPB Insurance, a wholly-owned subsidiary of Pinnacle Financial Partners, retains its Best Practices status, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group. The annual survey and study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices.
Pinnacle Adds Two Options for Home Equity Lending in Minority Communities
Pinnacle Financial Partners is deepening its reach into minority and underserved communities while doubling down its commitment to fair and equitable finance in Middle Tennessee. The firm has added two new home lending options specifically for households in majority-minority communities, including one just for those making 80 percent or less of the area median income. These home equity lines of credit (HELOCs) come with more flexible terms and rates than traditional options and are designed to meet the needs of these communities.
PNFP Reports 3Q23 Diluted EPS of $1.69, Diluted EPS of $1.79 Excluding Investment Losses
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.69 for the quarter ended Sept. 30, 2023, compared to net income per diluted common share of $1.91 for the quarter ended Sept. 30, 2022, a decrease of 11.5 percent. Net income per diluted common share was $5.99 for the nine months ended Sept. 30, 2023, compared to $5.42 for the nine months ended Sept. 30, 2022, an increase of approximately 10.5 percent.
Pinnacle Financial Partners Announces Dates for Third Quarter 2023 Earnings Release and Conference Call
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its third quarter 2023 financial results on Tuesday, October 17, 2023, after market close. It will also host a live webcast on Wednesday, October 18, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters. The third quarter 2023 earnings release will be available on the investor relations page of Pinnacle's website at www.pnfp.com.
Pinnacle Hits Another Level in Louisville with New Office, Addition of Two Veteran Bankers
One year after launching service to Louisville, Pinnacle Financial Partners is taking its presence in the market to the next level with a new office and the addition of two of Louisville’s best known and respected financial professionals.
Pinnacle is the No. 30 Bank by Deposits in the Washington, D.C. MSA
Just 18 months after hiring its first local associates in the National Capital Region and with just one year of deposit gathering, Pinnacle Financial Partners is among the top 50 percent of banks by deposit market share in the Washington, D.C. MSA. The bank added $637.68 million in deposits in the 12-month period ended June 30, 2023, according to FDIC data.
Pinnacle Remains the No. 1 and Fastest Growing Bank in Nashville by Deposits
Pinnacle Financial Partners is the No. 1 bank in the Nashville MSA based on deposits for the sixth consecutive year, according to FDIC data as of June 30, 2023, and rose to be the second biggest bank in Tennessee. The firm overtook Regions for the No. 2 spot statewide, adding $3.49 billion in Tennessee deposits for a total of $26.85 billion and an annual growth rate of 14.94 percent.
Pinnacle Financial Partners is a Top 25 Bank in Birmingham by Deposits
Pinnacle Financial Partners, a bank headquartered in Nashville, TN, grew local deposits in the Birmingham MSA by 291.28 percent during the 12 months ended June 30, 2023, which represents $186.84 million annual growth for a total of $250.99 million local dollars. This places the firm in the top half of all banks in the Birmingham MSA by deposit market share, ranking at No. 23 out of 48 banks.
Pinnacle Financial Partners is Now the Third Largest Bank in Chattanooga by Deposits
Pinnacle grew local deposits in the Chattanooga MSA by $365.70 million in the 12 months ended June 30, 2023, for a total of $1.94 billion, an annual growth rate of 23.26 percent and 13.10 percent of local market share. The firm is now the third largest bank in the market, according to FDIC data, up from No. 4 at June 30, 2022.
Pinnacle Financial Partners is the Fastest Growing Bank in Huntsville
Pinnacle Financial Partners, a bank headquartered in Nashville, TN, is the fastest growing bank in Huntsville by deposits, adding $85.64 million to its total of $301.23 million in local dollars at June 30, 2023, a 38.72 percent annual growth rate. That places the firm at No. 12 on the list of biggest banks by deposit market share with 2.71 percent, up from No. 30 just one year earlier, according to data from the FDIC as of June 30, 2023.
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