Pinnacle Financial Partn Pref Share 6.75 Perp 09/01/25 B | 10-Q: FY2025 Q1 Revenue: USD 668.16 M

Revenue: As of FY2025 Q1, the actual value is USD 668.16 M.

EPS: As of FY2025 Q1, the actual value is USD 1.77.

EBIT: As of FY2025 Q1, the actual value is USD 170.41 M.

Segment Revenue

• Interest Income: Total interest income for the three months ended March 31, 2025 was $668.2 million, compared to $650.5 million for the same period in 2024.
• Noninterest Income: Total noninterest income for the three months ended March 31, 2025 was $98.4 million, compared to $110.1 million for the same period in 2024.

Operational Metrics

• Net Interest Income: Net interest income for the three months ended March 31, 2025 was $364.4 million, compared to $318.0 million for the same period in 2024.
• Provision for Credit Losses: Provision for credit losses for the three months ended March 31, 2025 was $17.0 million, compared to $34.5 million for the same period in 2024.
• Net Income: Net income for the three months ended March 31, 2025 was $140.4 million, compared to $123.9 million for the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities for the three months ended March 31, 2025 was - $21.7 million, compared to $197.3 million provided in the same period in 2024.
• Investing Cash Flow: Net cash used in investing activities for the three months ended March 31, 2025 was - $1,164.0 million, compared to - $535.7 million in the same period in 2024.
• Financing Cash Flow: Net cash provided by financing activities for the three months ended March 31, 2025 was $1,628.5 million, compared to $814.4 million in the same period in 2024.

Unique Metrics

• Income from Equity Method Investment: Income from equity method investment for the three months ended March 31, 2025 was $20.4 million, compared to $16.0 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: Pinnacle Financial aims to maintain strong revenue growth in its wealth management groups, including investments, insurance, and trust services, as well as service charges on deposit accounts.
• Non-Core Business: Pinnacle Financial continues to leverage its equity method investment in BHG, which contributed $20.4 million to noninterest income in the first quarter of 2025.