News Releases
Pinnacle Opens Loan Production Office in North Raleigh
Pinnacle Financial Partners has opened a new loan production office in North Raleigh, expanding its capacity to serve the community’s lending needs. The new office, located at 7501 Falls of Neuse Rd., is the firm’s fourth in Raleigh and ninth in the Triangle. North Raleigh is home to a growing number of large residential communities along with restaurants, large retail stores and entertainment complexes. Pinnacle’s new loan production office occupies 4,000 square feet and includes seven offices, a conference room and reception area. Because this is not a full-service office, it does not have deposit capabilities or an ATM.
Senior Lending Officer is Among Seven Financial Professionals in Memphis Who Chose Pinnacle
Pinnacle Financial Partners has welcomed seven new associates so far in 2021, including senior lending officer Alan Scrimager, who brings 19 years of financial services experience to his role at the firm’s main Memphis office at 949 S. Shady Grove Rd., and Stacy Ferrante, who joined as office leader at Pinnacle’s Oak Court office at 4445 Poplar Ave. Other new associates who joined Pinnacle’s Memphis team include Donna Wright, Ann Kelly, Nancy Simmons, Christina Crouse and Amber Patterson, all of whom are based at the firm’s Shady Grove office.
Pinnacle and Federal Home Loan Bank of Cincinnati Award $2.4 Million in Affordable Housing Grants
Affordable housing advocates from across the Nashville area gathered in Donelson this morning to celebrate $2.4 million in grants given to support 175 new housing units. Pinnacle Financial Partners distributed the funding thanks to a grant partnership with the Federal Home Loan Bank of Cincinnati (FHLB).
Pinnacle Financial Partners Announces Quarterly Dividends
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) announced today that its Board of Directors has approved a $0.18 per share cash dividend to be paid on May 28, 2021 to common shareholders of record as of the close of business on May 7, 2021.
PNFP Reports Diluted EPS of $1.61, ROAA of 1.42% and ROTCE of 17.16% for 1Q2021
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.61 for the quarter ended March 31, 2021, compared to net income per diluted common share of $0.37 for the quarter ended March 31, 2020, an increase of approximately 335 percent. Excluding other real estate (ORE) expense for the three months ended March 31, 2021 and ORE expense and gains and losses on the sale of investment securities for the three months ended March 31, 2020, net income per diluted common share was $1.61 for the three months ended March 31, 2021, compared to $0.39 for the three months ended March 31, 2020, a year-over-year increase of nearly 313 percent.
Pinnacle Financial Partners Announces Dates for First Quarter 2021 Earnings Release and Conference Call
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its first quarter 2021 financial results on Monday, April 19, 2021, after market close. It will also host a live webcast on Tuesday, April 20, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters. The first quarter 2021 earnings release will be available on the investor relations page of Pinnacle's website at www.pnfp.com.
Pinnacle Financial Partners Remains One of America's Best Places to Work
For the fifth consecutive year, Pinnacle Financial Partners is one of the best places to work in the United States, according to a new list of the 100 Best Companies to Work For® from FORTUNE magazine and Great Place to Work™. The firm came in at No. 26, joining companies like Cisco, Salesforce and Hilton in having one of the most engaging and rewarding workplace cultures in the nation.
Sam Oakley Ranked to Barron's Top 1,200 Financial Advisors List
Sam Oakley, a managing director for Pinnacle Asset Management, leader of The Oakley Group, and a financial consultant with Raymond James Financial Services, Inc., member FINRA/SIPC, was recently named to Barron’s list of the Top 1,200 Financial Advisors. The prestigious 2021 list was published March 14 and draws from all 50 states, plus the District of Columbia.
Pinnacle Opens Office in Downtown Winston-Salem
Pinnacle Financial Partners has opened an office in downtown Winston-Salem at 147 South Cherry St. in Suite 100. The new location replaces a previous loan production office on Creekshire Way. It adds capacity for more financial advisors as the firm grows its team in the Triad and also offers greater convenience to clients.
Pinnacle Financial Partners 2020 Annual Report Now Available
Pinnacle Financial Partners has released its 2020 Annual Report, summing up the firm’s efforts to help clients, associates, shareholders and the communities it serves navigate through the challenges of 2020, as well as the results achieved for all stakeholders. The report illustrates the close relationship between Pinnacle’s well-known and nationally recognized internal culture, its business model and its philosophy of doing the right thing by showing how they worked in concert to respond to the various crises of the year.
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