Trade Pinnacle Financial Partners Inc - PNFP CFD

About Pinnacle Financial Partners Inc

Pinnacle Financial Partners, Inc. is a financial holding company. The Company operates through its wholly owned subsidiary, Pinnacle Bank. The Pinnacle Bank provides a range of banking services, including investment, mortgage, insurance and wealth management services, in approximately 14 urban markets across the Southeast. It provides the personalized service associated with small community banks, while offering the products and services, such as investments and treasury management. Pinnacle Bank offers an array of convenience-centered products and services, including 24-hour telephone and online banking, mobile banking, debit and credit cards, direct deposit, remote deposit capture, mobile deposit options and cash management services for businesses. In addition, Pinnacle Bank is associated with a network of automated teller machines of other financial institutions that clients are able to use throughout its footprint.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Pinnacle Financial Partners Inc interest income increased 1% to $1.03B. Net interest income after loan loss provision increased 11% to $916.3M. Net income applicable to common stockholders increased 68% to $512.1M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 2% to 3.02%, Net Interest Spread, Total -% increase of 6% to 2.87%.

Equity composition

Common Stock $1 Par, 02/11, 90M auth., 33,990,625 issd. Insiders & strategic owns 6.35%. IPO: 8/21/00 1,875,000 shs. @ $10/shs by PaineWebber Inc. PO 6/02, 1.2M shs @ $10.25 by Trident Securities. PO 8/04, 850,000 shs @ $20 by Raymond James. 5/04, 2-for-1 stock split. 03/06, Co. acq. Cavalry Bancorp, Inc. @ 0.95 shs (6,856,687 shs issd.)