Pinnacle Financial Partners (PNFP) Tops Q1 EPS by 8c

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Go back to Pinnacle Financial Partners (PNFP) Tops Q1 EPS by 8c

PNFP Reports Diluted EPS of $1.65, ROAA of 1.32% and ROATCE of 15.63% For 1Q2022

April 18, 2022 5:27 PM EDT

Annualized linked-quarter loan growth of 18.5% for 1Q2022, 22.5% exclusive of PPP paydowns

NASHVILLE, Tenn.--(BUSINESS WIRE)-- Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.65 for the quarter ended March 31, 2022, compared to net income per diluted common share of $1.61 for the quarter ended March 31, 2021, an increase of approximately 2.5 percent. Items significantly impacting the comparability between the two periods were:

PPP income in the first quarter of 2022 was $10.8 million, compared to $23.0 million in the first quarter of 2021. PPP loans at March 31, 2022... More