Pinnacle Financial Partners posts Q3 earnings beat with strong revenue
Pinnacle Financial Partners reported third‑quarter net income of $364 million, delivering earnings of $2.40 per diluted share and adjusted earnings of $2.69 per share. Revenue topped expectations, with $1.31 billion net of interest expense and total revenue of $1.97 billion. Analysts noted the results support a price target of $118.86, implying upside from the current share price.
Why it matters
Investors see the earnings beat and higher‑than‑expected revenue as a catalyst for the stock, with analysts maintaining a $118.86 price target that suggests upside. The strong performance also provides confidence in the ongoing Synovus merger integration.
Key facts
- 1Q3 net income was $364 million. tradingview.com
- 2Diluted earnings per share were $2.40. tradingview.com
- 3Adjusted diluted earnings per share were $2.69. tradingview.com
- 4Revenue net of interest expense was $1.31 billion. finance.yahoo.com
- 5Total revenue was $1.97 billion. finance.yahoo.com
- 6Analysts maintain an average price target of $118.86. finance.yahoo.com
Open questions
- Revenue figures differ: $1.31 billion net of interest expense versus $1.97 billion total revenue.
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.