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NASHVILLE - Pinnacle Financial Partners (NASDAQ:PNFP) reported second-quarter earnings that exceeded analyst expectations, with adjusted earnings per share rising nearly 23% YoY as the regional bank benefited from strong loan growth and expanding net interest margin.
The Nashville-based bank posted earnings of $2.00 per diluted share for the quarter ended June 30, 2025, matching its adjusted EPS figure as there were no one-time items affecting results. This comfortably beat the analyst consensus estimate of $1.91 per share. Revenue reached $505 million, surpassing the $498.64 million analysts had expected.
"Second quarter results demonstrate again the reliability of our differentiated model to produce outsized revenue, earnings per share and loan growth regardless of the operating environment," said M. Terry Turner, Pinnacle’s president and chief executive officer.
Loans grew at an annualized rate of 10.7% compared to the first quarter, with commercial and industrial loans showing particularly strong momentum, increasing at a 21.9% annualized rate. The bank’s net interest margin improved to 3.23%, up from 3.14% in the same quarter last year.
Noninterest income surged to $125.5 million from $34.3 million a year earlier, while wealth management revenues increased 16.4% YoY to $32.3 million. Income from the bank’s investment in Banker’s Healthcare Group rose 39.3% to $26 million.
Noninterest expenses increased 5.5% YoY to $286.4 million, with salaries and employee benefits rising 20.7% to $181.2 million, partly due to higher incentive costs.
The bank continued its expansion, announcing entry into the Richmond, Virginia market during the quarter and hiring 38 revenue producers.
"We are particularly pleased with our efforts in commercial analysis and wealth management as we continue to experience strong growth in these strategically important areas," said Harold R. Carpenter, Pinnacle’s chief financial officer.
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