News Releases
Pinnacle Financial Partners Named Bank of the Year by Captive International
Pinnacle Financial Partners and captive insurance advisor Michael Corbett are both winners in the 2024 Captive International U.S. Awards. The firm was named Bank of the Year and Corbett was named Banker of the Year respectively. This is the first appearance for the firm and the second time Corbett received this recognition, first earning the accolade in 2022.
Pinnacle Financial Partners Named No. 1 SBA Lender in Tennessee
Pinnacle Financial Partners has been recognized as the No. 1 Small Business Administration (SBA) lender in Tennessee, demonstrating its continued commitment to small businesses throughout the state. Additionally, Pinnacle ranks No. 4 in SBA lending in North Carolina, No. 7 in South Carolina and No. 43 across the country. This achievement highlights Pinnacle’s deep roots as a small business bank and its ongoing dedication to supporting entrepreneurs and business owners.
Sabre Finance Receives $1,000,000 Equity Equivalent Investment from Pinnacle Financial Partners to Support Entrepreneurship in Alabama
Sabre Finance announced it received a $1,000,000 equity equivalent (EQ2) investment from Pinnacle Financial Partners. This investment will continue to support the efforts of Sabre Finance to reach underserved entrepreneurs to start and expand their small businesses through responsible and intentional funding.
PNFP Reports 3Q24 Diluted EPS of $1.86 and Net Interest Margin of 3.22 Percent
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.86 for the quarter ended Sept. 30, 2024, compared to net income per diluted common share of $1.69 for the quarter ended Sept. 30, 2023, an increase of approximately 10.1 percent. Net income per diluted common share was $4.08 for the nine months ended Sept. 30, 2024, compared to $5.99 for the nine months ended Sept. 30, 2023, a decrease of approximately 31.9 percent.
Pinnacle Welcomes Two Banking Veterans in National Capital Region
Pinnacle Financial Partners continues to expand in the National Capital Region with the addition of Financial Advisors Joy Candelieri and Ryan Wilhelm. Both are based at the firm’s Tysons Corner office.
Pinnacle Financial Partners Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its third quarter 2024 financial results on Tuesday, Oct. 15, 2024, after market close. It will also host a live webcast on Wednesday, Oct. 16, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters. The third quarter 2024 earnings release will be available on the investor relations page of Pinnacle's website at www.pnfp.com.
Pinnacle Expands in Roanoke with Key Commercial Banking Hires
Pinnacle Financial Partners has added three financial services veterans to its Roanoke team. Financial Advisor Nathan Walker and Financial Advisor Assistants Christy Bennett and Jenna Nelson will expand Pinnacle’s ability to deliver distinctive service and effective advice to even more in this community.
Pinnacle Grows Deposit Market Share in the Knoxville MSA
Pinnacle Financial Partners grew local deposits in the Knoxville MSA by $319.9 million in the 12 months ended June 30, 2024, for a total of $2.9 billion. That’s an annual growth rate of 12.62 percent to reach 11.39 percent of local market share. The firm is the No. 4 largest bank in the MSA, according to FDIC data.
Pinnacle is the Second Largest Bank in Chattanooga MSA by Deposits, Adds More Local Dollars Than Any Other Bank in The Market
Pinnacle is now the second largest bank in the Chattanooga MSA by deposits, having grown deposits by $258.9 million in the 12 months ended June 30, 2024, for a total of $2.2 billion—the firm’s first time over the $2 billion mark locally. That’s an annual growth rate of 13.36 percent to reach 14.58 percent of local market share, according to FDIC data. No other bank in the market added more deposit dollars than Pinnacle in the period.
Pinnacle Financial Partners is the Fastest Growing Bank in Bowling Green MSA and All of Kentucky
Pinnacle more than doubled its local deposits in the Bowling Green MSA in the 12 months ended June 30, 2024, for a total of $146.2 million and 3.2 percent of market share. That’s an annual growth rate of 101.9 percent, propelling the firm to be the fastest growing bank in both Bowling Green and all of Kentucky by year over year percentage growth in deposits, as well as the 12th largest bank in the MSA, according to FDIC data. That’s up from No. 15 in 2023, illustrating Pinnacle’s rapid rise as a go-to banking institution in South Central Kentucky.
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