Pinnacle Financial Partners (PNFP) Tops Q3 EPS by 2c
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EPS Growth %: +25.0%
Financial Fact:
Amortization of intangibles: 1.42M
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Pinnacle Financial Partners (NASDAQ: PNFP) reported Q3 EPS of $1.21, $0.02 better than the analyst estimate of $1.19. Revenue for the quarter came in at $248.11 million versus the consensus estimate of $237.44 million.
"We continue to experience extremely strong earnings momentum," said M. Terry Turner, Pinnacle\'s president and chief executive officer. "We are reporting nearly 35 percent earnings growth so far this year after adjusting for merger-related charges, which showcases our associates\' ability to integrate a sizable merger while maintaining our intense focus on growing the core earnings of our firm. There is great energy and optimism within our associate base, and I anticipate this will contribute to continued growth given the markets we serve, our ability to attract the best bankers to our franchise and our cultural focus on delivering differentiated customer service and enhancing long-term shareholder value."
For earnings history and earnings-related data on Pinnacle Financial Partners (PNFP) click here.
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