Pinnacle Financial Partners Inc reports results for the quarter ended March 31 - Earnings Summary

• Pinnacle Financial Partners Inc PNFP.OQ reported quarterly adjusted earnings of $1.90​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.54. The mean expectation of eleven analysts for the quarter was for earnings of $1.80 per share. Wall Street expected results to range from $1.67 to $1.90 per share.

• Revenue rose 8.1% to $462.85 million from a year ago; analysts expected $483.71 million.

• Pinnacle Financial Partners Inc's reported EPS for the quarter was $1.77​.

• The company reported quarterly net income of $136.61 million.

• Pinnacle Financial Partners Inc shares had fallen by 15.1% this quarter and lost 21.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.2% 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 5 "strong buy" or "buy," 6 "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 $122.50

This summary was machine generated from LSEG data April 14 at 09:37 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)