NYSE$PNFP
Pinnacle Financial Partners Inc. · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported diluted EPS of $1.42, ROAA of 1.24% and ROTCE of 15.37% for Q4 2020.
Pinnacle Financial Partners reported a strong core performance in Q4 2020, with diluted EPS of $1.42, a 12.7% increase compared to Q4 2019. Adjusted diluted EPS was $1.58, reflecting a 24.4% year-over-year increase. Loan and deposit growth remained robust, and the company increased its book value per share by 8.6%.
- Diluted earnings per share grew over 12 percent (over 24 percent on an adjusted basis) compared to Q4 2019.
- Loans reached $22.4 billion, a 13.3% increase from Dec. 31, 2019.
- Deposits hit a record $27.7 billion, a 37.3% increase from Dec. 31, 2019.
- The board of directors has authorized a new share repurchase plan for up to $125 million of the Company’s common stock.
Headline financials
Revenue & EPS history
Pinnacle Financial · Revenue · Quarterly
$304M
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 anticipates a more stable operating environment in 2021 and aims for top-quartile peer performance with respect to return on tangible common equity and tangible book value per share growth. The firm expects high-single to low double-digit loan growth in 2021, excluding the impact of the PPP program, and anticipates strong growth in total fee revenues.
Tailwinds
- Continued focus on reducing deposit costs for both client and wholesale funding sources.
- Expectation that liquidity levels will return to historical balance sheet levels over the next two years.
- Optimism that BHG will have another great year in 2021 with strong business flows headed into Q1 2021.
- Belief in a great hiring platform with more mortgage originators than ever and operation in very attractive housing markets.
- Anticipation of strong growth in total fee revenues in 2021.
Headwinds
- Net interest margin negatively impacted by PPP loans and excess liquidity.
- Potential modest decrease in mortgage revenues due to belief that long-term rates may increase in 2021.
- Expenses in Q4 2020 were higher than anticipated due primarily to the compensation committee's decision to increase the annual cash incentive plan award.
- Expected increase in incentive costs.
- Belief that 2021 expense growth will result in a high-single digit percentage increase in comparison to total noninterest expense for 2020.
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 2020
+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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