secwatch.observer — SEC 8-K summary
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Issuer:     PINNACLE FINANCIAL PARTNERS INC (—)
CIK:        0001115055
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001115055-24-000108
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1115055/000111505524000108/0001115055-24-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1115055/000111505524000108/pnfp-20240422.htm
  HTML page:      https://secwatch.observer/filing/0001115055-24-000108

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer