ATLANTA (AP) — ATLANTA (AP) — Pinnacle Financial Partners Inc. (PNFP) on Wednesday reported third-quarter net income of $379 million.
The Atlanta-based bank said it had earnings of $2.40 per share. Earnings, adjusted for non-recurring costs, came to $2.69 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.61 per share.
The regional bank operator posted revenue of $1.97 billion in the period. Its revenue net of interest expense was $1.31 billion, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.28 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNFP at https://www.zacks.com/ap/PNFP