News Releases
Hurricane Florence Information and Updates
This is the primary source of news and updates about how Hurricane Irma and its aftermath affect Pinnacle, its clients, associates and offices.
Pinnacle Repeats with Double-digit Growth in Memphis Deposits and Jump in Market Share
Pinnacle Financial Partners is now the sixth-largest bank in the Memphis MSA in terms of deposits, according to new data from the Federal Deposit Insurance Corporation (FDIC), and crossed the $1 billion mark for the first time.
Pinnacle Grows to No. 1 Bank in Nashville for Deposits
Pinnacle Financial Partners is the No. 1 bank in the Nashville-Davidson-Murfreesboro-Franklin MSA by deposit market share, according to the June 30, 2018 data from the FDIC. The firm leapt ahead of a large regional bank and one of the biggest banks in the nation to earn the top spot.
Pinnacle Grows Knoxville Deposits by More than 50 Percent
Pinnacle Financial Partners is now the fifth-largest bank in the Knoxville MSA in terms of deposits, according to new data from the Federal Deposit Insurance Corporation (FDIC). During the 12 months ended June 30, 2018, Pinnacle grew local deposits by more than 50 percent to $1.36 billion – crossing the $1 billion mark for the first time.
Pinnacle Grows Deposits by 74% in Raleigh MSA
Pinnacle Financial Partners is one of the fastest growing banks in the Raleigh MSA with a year-over-year growth rate of 74 percent for the 12 months ended June 30, 2018. That was enough to lift the firm to No. 14 in market share, up from No. 17 last year.
Pinnacle Climbs to No. 3 Bank by Deposits in the Greensboro-High Point MSA
Pinnacle Financial Partners is now the third-largest bank in the Greensboro-High Point MSA in terms of deposits. During the 12 months ended June 30, 2018, Pinnacle grew deposits by more than $133 million to $1.37 billion – a growth rate of more than 10 percent year-over-year.
Pinnacle Financial Partners Grows to No. 1 Bank in Nashville for Deposits
Pinnacle Financial Partners is now the No. 1 bank in the Nashville MSA in terms of deposits. Across its footprint, Pinnacle grew deposits in 13 out of 17 MSAs reported by the FDIC as of June 30, 2018, including some with double-digit growth and increases in market share ranking.
Pinnacle Invests in Scholarship for Educator Leadership Training
Pinnacle Financial Partners is sponsoring a scholarship for Marthel Young, principal of East Brainerd Elementary School, to take part in the Leadership Chattanooga program.
PNFP Reports Diluted EPS of $1.12, ROAA of 1.50% and ROTCE of 18.01% for 2Q 2018
Pinnacle reported net income per diluted common share of $1.12 for the quarter ended June 30, 2018. Excluding several items, net income per diluted common share was $1.15.
Pinnacle Financial Partners Opens Commercial Real Estate Office in Dallas
Pinnacle Financial Partners has opened a multifamily commercial real estate office in Dallas, TX, focused on its expanding Freddie Mac small balance loan program. The office is led by financial advisor Jim Going, who started at the firm in January.
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