Pinnacle Financial Partners (NASDAQ:PNFP) posted strong second-quarter results that surpassed Wall Street forecasts, as the regional bank saw solid loan growth and an improved net interest margin drive nearly 23% year-over-year earnings growth.
For the three months ending June 30, 2025, the Nashville-based bank reported earnings of $2.00 per diluted share—equal to its adjusted EPS, as there were no non-recurring items affecting the quarter. Analysts had expected $1.91 per share. Total revenue reached $505 million, exceeding the $498.64 million consensus estimate.
“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, the company’s president and CEO.
Loan volumes grew at an annualized rate of 10.7% compared to the prior quarter, led by a 21.9% annualized increase in commercial and industrial lending. Net interest margin also showed strength, rising to 3.23% from 3.14% in the same period last year.
Noninterest income more than tripled year-over-year, climbing to $125.5 million from $34.3 million. Wealth management revenue also advanced 16.4% to $32.3 million, while the firm’s stake in Banker’s Healthcare Group generated $26 million in income, up 39.3% from the previous year.
Operating costs were higher, with noninterest expenses increasing 5.5% to $286.4 million. Employee compensation and benefits rose sharply—by 20.7% year-over-year—to $181.2 million, a result of increased incentive payouts.
During the quarter, Pinnacle continued its expansion strategy by entering the Richmond, Virginia market and onboarding 38 new revenue-producing professionals.
“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 CFO Harold R. Carpenter.
Pinnacle Financial Partners stock price
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