Pinnacle Monetary (PNFP) reported $428.14 million in income for the quarter ended March 2024, representing a year-over-year enhance of 6.6%. EPS of $1.53 for a similar interval compares to $1.76 a 12 months in the past.
The reported income represents a shock of +3.60% over the Zacks Consensus Estimate of $413.27 million. With the consensus EPS estimate being $1.52, the EPS shock was +0.66%.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers undertaking a inventory’s worth efficiency extra precisely.
Right here is how Pinnacle Monetary carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Internet Curiosity Margin: 3% versus 3.1% estimated by six analysts on common.
- Effectivity Ratio: 56.6% in comparison with the 55.2% common estimate based mostly on six analysts.
- Common stability – Complete interest-earning belongings: $43.62 billion in comparison with the $43.56 billion common estimate based mostly on 5 analysts.
- Internet mortgage charge-offs (recoveries) to common loans: 0.2% versus 0.2% estimated by 4 analysts on common.
- Complete nonperforming loans: $108.33 million versus the three-analyst common estimate of $85.25 million.
- Complete nonperforming belongings: $111.09 million versus $90.58 million estimated by three analysts on common.
- Internet Curiosity Earnings: $318.03 million versus $319.88 million estimated by six analysts on common.
- Complete noninterest earnings: $110.10 million versus $93.40 million estimated by six analysts on common.
- Features (losses) on mortgage loans bought, web: $2.88 million in comparison with the $1.17 million common estimate based mostly on 4 analysts.
- Service expenses on deposit accounts: $13.44 million versus $12.46 million estimated by three analysts on common.
- Insurance coverage gross sales commissions: $3.85 million in comparison with the $4.05 million common estimate based mostly on three analysts.
- Belief charges: $7.42 million versus the three-analyst common estimate of $7.13 million.
View all Key Company Metrics for Pinnacle Financial here>>>
Shares of Pinnacle Monetary have returned -4% over the previous month versus the Zacks S&P 500 composite’s -4% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out according to the broader market within the close to time period.
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Pinnacle Financial Partners, Inc. (PNFP) : Free Stock Analysis Report
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