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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.