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Pinnacle Financial Partners Inc., operating primarily through Pinnacle Bank, delivered a strong fourth-quarter performance in 2024, marked by significant growth in adjusted revenue and fully diluted EPS. The company achieved an 8.6% increase in loans, driven by a record number of new revenue producers hired during the year.
Looking ahead to 2025, Pinnacle Financial projects 8-11% loan growth and 7-10% deposit growth, underpinned by improving asset quality and a solid net interest income growth forecast of 11-13%. The company also plans to expand strategically, focusing on growing its presence in key markets like Washington D.C. and Jacksonville, Florida.
With a disciplined approach to credit metrics and an emphasis on net interest income as its primary revenue driver, Pinnacle Financial remains optimistic about sustaining its growth trajectory and delivering value to stakeholders in the coming year.
