Pinnacle Financial Partners Inc. (PNFP) announced preliminary quarterly results for the third quarter, reporting net loss available to common stockholders of $4.85 million, compared to a net income of $8.80 million in the prior year. Loss per share for the quarter was $0.15, compared to an income of $0.36 per share in the previous year quarter.
Net interest income for the quarter was $34.55 million, up 17.99% from $29.28 million in the year ago quarter. Noninterest income for the quarter was $7.74 million, down 16.38% from $9.25 million a year earlier.
Revenue for the quarter rose 9.73% to $42.29 million from $38.53 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report loss of $0.09 per share on revenue $41.81 million for the quarter.
Pinnacle Financial Partners expects to open Belle Meade and Brentwood offices in late fourth quarter of 2009, with two existing Brentwood locations consolidating into the new Brentwood office. The firm anticipates the new 100 Oaks office to open in the first half of 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.