NYSE$PNFP
Pinnacle Financial Partners Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Pinnacle Financial reported a decrease in diluted EPS and an increase in total assets.
Pinnacle Financial Partners reported a diluted EPS of $1.19 for Q4 2023, a 32.4% decrease compared to Q4 2022. Total assets increased by 14.3% year-over-year, reaching $48.0 billion. The firm restructured bank owned life insurance contracts (BOLI) and accrued for future payments to the FDIC pursuant to a special insurance assessment.
- Diluted EPS was $1.19, or $1.68 when excluding FDIC special assessment and BOLI restructuring charges.
- Total assets reached $48.0 billion, a 14.3% increase year-over-year.
- Loans grew by 12.5% and core deposits grew by 7.8% during 2023.
- Net interest margin remained flat at 3.06% compared to the previous quarter.
Headline financials
Revenue & EPS history
Pinnacle Financial · Revenue · Quarterly
$396M
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 anticipates a more favorable macro environment in 2024, with potential for a 'soft landing,' lower inflation, and anticipated interest rate adjustments, which may lead to stronger earnings compared to 2023.
Tailwinds
- Potential for a 'soft landing' in the economy.
- Anticipated direction of interest rates.
- Opportunity to manage the balance sheet for stronger earnings.
- Continued emphasis on pricing.
- Ongoing opportunities due to the strength of southeastern markets.
Headwinds
- Stubborn inverted yield curve.
- Many issues remain in the macro environment.
- BHG's results declined from the previous quarter.
- Revenue and EPS were less than originally targeted.
- Challenging operating environment.
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 2023
+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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