Pinnacle Financial Q3 Earnings Beat Street Estimates on $379 Million Net Income

Pinnacle Financial Partners Inc. (PNFP) reported third-quarter net income of $379 million on Wednesday, with adjusted earnings of $2.69 per share surpassing the $2.61 average estimate of 10 analysts surveyed by Zacks Investment Research. The Atlanta-based bank posted earnings of $2.40 per share on a reported basis. Revenue for the period totaled $1.97 billion, while revenue net of interest expense came to $1.31 billion, exceeding the $1.28 billion forecast by seven analysts surveyed by Zacks. The results mark a quarterly beat on both earnings and revenue for the regional bank operator.