Pinnacle Financial Partners, Inc. (NASDAQ: PNFP) published its earnings report, providing investors with insights into the company's performance for the third quarter. The report came out subsequent to the close of the regular trading hours.
By the end of the quarter, the concern's bottomline stood at adjusted income of $1.86 per share, improved 3.91 relative to the same quarter of year ago.
Simultaneously, the revenues for the quarter adding up $466.75 million, accelerated 14.39 percent when looking at the related quarter of prior year.
The performance surpassed the wall street anticipated $1.78 profit per share along with the $461.25 million in revenues.
On a GAAP basis, the company reported a quarterly net income of $1.86 per share, which represents a 10.1 percent rise from the corresponding quarter of the previous year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $1.86 | +3.9% | 466.75 M | +14.4% |
| Historical Earnings Insight | ||||
| Q2 2024 | $1.63 | -8.9% | 366.55 M | -25.1% |
| Q1 2024 | $1.53 | -13.1% | 428.14 M | +6.6% |
| Q4 2023 | $1.68 | -4.5% | 396.34 M | -1.4% |
| Q3 2023 | $1.79 | -6.3% | 408.04 M | -0.6% |
| Q2 2023 | $1.79 | -3.8% | 489.23 M | +25.4% |
| *Growth on year-over-year basis | ||||
During the trading day, Pinnacle Financial Partners (PNFP) shares reached a low of $99.12 and a high of $103.20, along with a total volume of 846.90 thousand shares. The stock ended the regular trading session at $100.53, demonstrating a gain of 1.23 percent.
