NYSE$PNFP
Pinnacle Financial Partners Inc. · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Reported diluted EPS of $1.26, ROAA of 1.38% and ROTCE of 15.41% for Q4 2019.
Pinnacle Financial Partners reported a net income per diluted common share of $1.26 for the quarter ended Dec. 31, 2019, compared to $1.23 for the quarter ended Dec. 31, 2018, representing an increase of 2.4 percent.
- Loans reached a record $19.8 billion, up 11.7% year-over-year.
- Deposits totaled $20.2 billion, reflecting a 7.1% year-over-year increase.
- Revenues for the quarter were $253.6 million, up 2.5% from the fourth quarter of 2018.
- Return on average assets was 1.38% for the fourth quarter of 2019.
Headline financials
Revenue & EPS history
Pinnacle Financial · Revenue · Quarterly
$254M
Revenue by segment
Pinnacle Financial · $21.5M total across 4 segments · Q4 2019
- Service Charges$9.09M—42.2%
- Investment Services$6.58M—30.6%
- Trust Fees$3.84M—17.8%
- Insurance Commissions$2.02M—9.4%
Forward guidance
Pinnacle anticipates continued stabilization in the yield curve, which should help stabilize the net interest margin in 2020. Expense growth is expected to be in the mid- to high-single digit percentage increases for 2020, with cash incentives targeted at approximately $50 million.
Tailwinds
- High-single to low-double digit loan growth is achievable in 2020.
- Focus on growing low-cost core deposits.
- Continued focus on maintaining asset quality and growing EPS.
- Anticipated continued stabilization in the yield curve.
- Expect to keep expense growth to the mid- to high-single digit percentage increases for 2020.
Headwinds
- Volatility in the interest rate environment impacted margins during 2019.
- Increased expense run rates due to the addition of Advocate Capital.
- Continued hiring, especially with the build out in Atlanta, will increase expenses.
- If revenues do not materialize at the planned growth rates, there may be a need to reduce cash incentives.
- Interest rate backdrop during 2019.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2019
+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 |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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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