Pinnacle Financial Partners Q4 Adjusted Earnings, Revenue Rise; Quarterly Dividend Raised

MT Newswires Live
01-22

Pinnacle Financial Partners (PNFP) reported Q4 adjusted earnings late Tuesday of $1.90 per diluted share, up from $1.68 a year earlier.

Analysts polled by FactSet expected $1.78.

Revenue for the quarter ended Dec. 31, expressed as the sum of net interest income and non-interest income, was $475.3 million, up from $396.3 million a year earlier.

Analysts surveyed by FactSet expected $469.6 million.

The company said its board raised the quarterly cash dividend to $0.24 per share from $0.22, payable on Feb. 28 to shareholders of record on Feb. 7.

Shares of the company rose 1.9% in after-hours activity.

Price: 122.50, Change: +2.28, Percent Change: +1.90

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