PNFP Q1 2024 diluted EPS $1.57, down 10.8% YoY; revenues +6.6% but credit costs rise

PINNACLE FINANCIAL PARTNERS INC

2024-Q1 EPS reported $1.57

Diluted EPS $1.57 vs $1.76 in Q1 2023; total revenues $428.1M (+6.6% YoY).
Net interest margin 3.04% vs 3.40% a year ago; net interest income +1.9% YoY.
Allowance for credit losses increased to 1.12% of loans; $7.3M FDIC special assessment recognized.
Net interest income growth guidance 8-10% for 2024; fee revenue ex-items +10-14%.
Net charge-offs expected 0.20%-0.25% of avg loans for 2024; tangible book value $51.98.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PINNACLE FINANCIAL PARTNERS INC reported the three months ended March 31, 2024 results: EPS $1.57.

Period: the three months ended March 31, 2024
EPS: $1.57
Result: reported results

Exact text from the filing

OR IMMEDIATE RELEASE MEDIA CONTACT: Joe Bass, 615-743-8219 FINANCIAL CONTACT: Harold Carpenter, 615-744-3742 WEBSITE: www.pnfp.com PNFP REPORTS 1Q24 DILUTED EPS OF $1.57 Total revenues increased 32.1 percent linked-quarter annualized and 6.6 percent year-over-year NASHVILLE, TN, April 22, 2024 - Pinnacle Financial Partners, Inc.

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Source: SEC EDGAR

accession 0001115055-24-000108

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