Pinnacle Financial Partners (PNFP) Tops Q1 EPS by 6c

Pinnacle Financial Partners (NASDAQ: PNFP) reported Q1 EPS of $0.62, $0.06 better than the analyst estimate of $0.56.

“Strategically, it has been a very eventful 2015 thus far,” said M. Terry Turner, Pinnacle’s president and chief executive officer. “Our investment in Bankers Healthcare Group LLC (BHG), which occurred on Feb. 1, 2015, as well as our anticipated merger with CapitalMark Bank & Trust (CapitalMark) in Chattanooga, TN, which we announced two weeks ago, represent two significant milestones for our firm. Additionally, we launched a capital markets initiative that will provide a new revenue stream that's been routinely conceded to others in the past, and we also hired several commercial real estate professionals that position us to develop a higher profile in the commercial real estate segment to match that we’ve developed in the commercial and industrial segment. Those building blocks, plus our record core earnings for the 16th consecutive quarter, serve as a great platform to achieve our long-term growth objectives.”

For earnings history and earnings-related data on Pinnacle Financial Partners (PNFP) click here.

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