Pinnacle Financial (PNFP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Pinnacle Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Interest Margin: 3.4% versus the four-analyst average estimate of 3.5%.
• Average balances - Total interest-earning assets: $112.67 billion compared to the $111.82 billion average estimate based on three analysts.
• Nonaccrual loans: $415 million versus $468.37 million estimated by three analysts on average.
• Annualized net loan charge-offs to avg. loans: 0.2% versus 0.2% estimated by three analysts on average.
• Total nonperforming assets: $444 million versus the three-analyst average estimate of $500.84 million.
• Net Interest Income: $956 million versus $965.58 million estimated by four analysts on average.
• Total noninterest income: $247 million compared to the $263.11 million average estimate based on four analysts.
• Non-Interest Revenue- Income from equity method investment: $24 million compared to the $24.03 million average estimate based on two analysts.
• Non-Interest Revenue- Capital markets income: $18 million versus the two-analyst average estimate of $14.97 million.
• Non-Interest Revenue- Income from bank-owned life insurance: $19 million versus $19.9 million estimated by two analysts on average.
• Non-Interest Revenue- Other non-interest income: $28 million compared to the $26.82 million average estimate based on two analysts.
• Non-Interest Revenue- Wealth management revenue: $85 million versus $86.1 million estimated by two analysts on average.

View all Key Company Metrics for Pinnacle Financial here>>>

Shares of Pinnacle Financial have returned +0.8% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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