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Compared to Estimates, Pinnacle Financial (PNFP) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, Pinnacle Financial (PNFP - Free Report) reported revenue of $466.75 million, up 14.4% over the same period last year. EPS came in at $1.86, compared to $1.79 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $454.18 million, representing a surprise of +2.77%. The company delivered an EPS surprise of +3.91%, with the consensus EPS estimate being $1.79.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pinnacle Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 55.6% versus 52.6% estimated by five analysts on average.
Net Interest Margin: 3.2% versus 3.2% estimated by five analysts on average.
Average balances - Total interest-earning assets: $44.86 billion versus $44.75 billion estimated by four analysts on average.
Annualized net loan charge-offs to avg. loans: 0.2% versus the four-analyst average estimate of 0.3%.
Total nonperforming assets: $120.12 million versus $105.64 million estimated by three analysts on average.
Nonaccrual loans: $119.29 million versus $102.70 million estimated by three analysts on average.
Net Interest Income: $351.50 million versus the five-analyst average estimate of $350.67 million.
Total noninterest income: $115.24 million compared to the $103.24 million average estimate based on five analysts.
Gains on mortgage loans sold, net: $2.64 million versus the three-analyst average estimate of $3.18 million.
Insurance sales commissions: $3.29 million versus $3.47 million estimated by two analysts on average.
Service charges on deposit accounts: $16.22 million versus the two-analyst average estimate of $14.50 million.
Trust fees: $8.38 million versus the two-analyst average estimate of $8.33 million.
Shares of Pinnacle Financial have returned +4.1% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Pinnacle Financial (PNFP) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Pinnacle Financial (PNFP - Free Report) reported revenue of $466.75 million, up 14.4% over the same period last year. EPS came in at $1.86, compared to $1.79 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $454.18 million, representing a surprise of +2.77%. The company delivered an EPS surprise of +3.91%, with the consensus EPS estimate being $1.79.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pinnacle Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 55.6% versus 52.6% estimated by five analysts on average.
- Net Interest Margin: 3.2% versus 3.2% estimated by five analysts on average.
- Average balances - Total interest-earning assets: $44.86 billion versus $44.75 billion estimated by four analysts on average.
- Annualized net loan charge-offs to avg. loans: 0.2% versus the four-analyst average estimate of 0.3%.
- Total nonperforming assets: $120.12 million versus $105.64 million estimated by three analysts on average.
- Nonaccrual loans: $119.29 million versus $102.70 million estimated by three analysts on average.
- Net Interest Income: $351.50 million versus the five-analyst average estimate of $350.67 million.
- Total noninterest income: $115.24 million compared to the $103.24 million average estimate based on five analysts.
- Gains on mortgage loans sold, net: $2.64 million versus the three-analyst average estimate of $3.18 million.
- Insurance sales commissions: $3.29 million versus $3.47 million estimated by two analysts on average.
- Service charges on deposit accounts: $16.22 million versus the two-analyst average estimate of $14.50 million.
- Trust fees: $8.38 million versus the two-analyst average estimate of $8.33 million.
View all Key Company Metrics for Pinnacle Financial here>>>Shares of Pinnacle Financial have returned +4.1% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.