Pinnacle Financial Partners Inc reports results for the quarter ended June 30 - Earnings Summary

• Pinnacle Financial Partners Inc PNFP reported quarterly adjusted earnings of $2.00​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of thirteen analysts for the quarter was for earnings of $1.90 per share. Wall Street expected results to range from $1.80 to $2.01 per share.

• Revenue rose 37.8% to $504.99 million from a year ago; analysts expected $499.49 million.

• Pinnacle Financial Partners Inc's reported EPS for the quarter was $2.00​.

• The company reported quarterly net income of $154.74 million.

• Pinnacle Financial Partners Inc shares had risen by 7.8% this quarter and gained 4.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Pinnacle Financial Partners Inc is $124.50, about 4.4% above its last closing price of $119.04

This summary was machine generated from LSEG data July 15 at 10:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)