Pinnacle Financial Partners Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Pinnacle Financial Partners (NASDAQ:PNFP) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.62b (flat on FY 2023).
• Net income: US$459.9m (down 16% from FY 2023).
• Profit margin: 28% (down from 34% in FY 2023).
• EPS: US$6.01 (down from US$7.20 in FY 2023).

PNFP Banking Performance Indicators

• Net interest margin (NIM): 3.16% (down from 3.18% in FY 2023).
• Cost-to-income ratio: 59.6% (up from 52.4% in FY 2023).
• Non-performing loans: 0.42% (up from 0.25% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pinnacle Financial Partners EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 1.9%.

In the last 12 months, the only revenue segment was Banking contributing US$1.62b. The largest operating expense was General & Administrative costs, amounting to US$799.1m (69% of total expenses). Explore how PNFP's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Pinnacle Financial Partners has 1 warning sign we think you should be aware of.

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