NYSE$PNFP
Pinnacle Financial Partners Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported diluted EPS of $1.91, ROAA of 1.42% and ROATCE of 17.40% for the third quarter of 2022.
Pinnacle Financial Partners reported a strong third quarter in 2022, with a 9.1% increase in earnings per diluted share compared to the same quarter last year, driven by organic revenue growth of 20.2%. The company's annualized linked-quarter loan growth was 20.9%, and core deposits grew by 9.8%.
- Earnings per diluted share increased by 9.1% year-over-year.
- Organic revenue growth was 20.2% year-over-year.
- Annualized linked-quarter loan growth reached 20.9%.
- Core deposits grew at an annualized rate of 9.8%.
Headline financials
Revenue & EPS history
Pinnacle Financial · Revenue · Quarterly
$411M
Revenue by segment
Pinnacle Financial · $56.5M total across 4 segments · Q3 2025
- Investment Services$23.9M+33.8%42.3%
- Service Charges$18.3M+12.8%32.4%
- Trust Fees$10.3M+23.1%18.2%
- Insurance Commissions$4.02M+22.2%7.1%
Forward guidance
Pinnacle Financial Partners estimates their total 2022 revenues to approximate a high-teens percentage increase over that of 2021 and total 2022 noninterest expense should approximate a high-teens percentage increase over that of 2021.
Tailwinds
- Loan growth contributed to an increase of $41.2 million in net interest income compared to the second quarter of 2022.
- The rising short-term rate environment contributed to an increase of $41.2 million in net interest income compared to the second quarter of 2022.
- Estimate total 2022 revenues (net interest income and noninterest income) should approximate a high-teens percentage increase over that of 2021.
- Hiring model will continue to provide even more opportunities to add revenue producers this year.
- Believe this experience translates into a client base of seasoned borrowers.
Headwinds
- Residential mortgage lending declines.
- Winding down of PPP lending.
- Declining stock market valuations.
- Broader impact of inflation.
- Compensation costs increased approximately 15.6 percent over the same quarter last year, due primarily to increased opportunities to hire the best bankers and investment professionals in our markets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+0.4%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.8%
Avg return
30 days after
60%
24 / 40 earnings
Positive
+6.1%
Q2 2020
Best reaction
-5.9%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.3% | +0.1% | -1.5% | |
| Q4 2025 | -4.1% | -6.3% | -0.7% | |
| Q3 2025 | -5.9% | -1.8% | -1.0% | |
| Q2 2025 | +1.4% | +1.7% | -19.7% | |
| Q1 2025 | +2.3% | +3.2% | +20.3% | |
| Q4 2024 | +0.3% | +2.8% | -1.4% | |
| Q3 2024 | +1.2% | +6.4% | +24.3% | |
| Q2 2024 | +2.8% | +4.9% | +0.9% | |
| Q1 2024 | +2.4% | +1.0% | +2.5% | |
| Q4 2023 | -1.9% | +1.6% | +0.7% | |
| Q3 2023 | +1.3% | -9.8% | +5.9% | |
| Q2 2023 | +5.6% | +14.2% | +9.3% | |
| Q1 2023 | +3.7% | +3.6% | -5.2% | |
| Q4 2022 | +0.9% | -3.3% | +4.8% | |
| Q3 2022 | +0.2% | -8.7% | -8.5% | |
| Q2 2022 | +3.6% | +6.4% | +20.2% | |
| Q1 2022 | +0.2% | -3.4% | -10.8% | |
| Q4 2021 | -2.3% | -7.8% | -12.6% | |
| Q3 2021 | +1.3% | +3.9% | +4.9% | |
| Q2 2021 | +4.1% | +5.9% | +9.2% | |
| Q1 2021 | -0.7% | -4.0% | -2.2% | |
| Q4 2020 | +0.5% | +4.6% | +12.0% | |
| Q3 2020 | +2.2% | +14.3% | +36.9% | |
| Q2 2020 | +6.1% | +8.2% | +5.7% | |
| Q1 2020 | -1.2% | -9.1% | -5.4% | |
| Q4 2019 | -2.1% | -4.3% | +0.1% | |
| Q3 2019 | +1.0% | +3.7% | +6.9% | |
| Q2 2019 | -0.4% | +4.8% | -5.9% | |
| Q1 2019 | -2.3% | -1.7% | -2.2% | |
| Q4 2018 | +0.4% | +5.6% | +9.3% | |
| Q3 2018 | -1.3% | -3.0% | -3.7% | |
| Q2 2018 | -0.6% | +3.9% | +6.9% | |
| Q1 2018 | -0.2% | -0.4% | +3.5% | |
| Q4 2017 | -1.0% | -6.6% | -6.5% | |
| Q3 2017 | -1.7% | +1.7% | -2.0% | |
| Q2 2017 | +0.4% | +2.2% | -5.3% | |
| Q1 2017 | +1.9% | +5.7% | -1.5% | |
| Q4 2016 | -4.0% | -6.9% | +4.5% | |
| Q3 2016 | +0.6% | -3.7% | +16.3% | |
| Q2 2016 | -0.0% | -0.4% | +2.2% | |
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