The nation's second-largest apartment developer has paid $7.93 million for its first Nashville site and will start construction within two weeks. Officials with Wood Partners announced Thursday that they now own the property at 5800 Centennial Blvd. in The Nations, a revitalizing West Nashville neighborhood. The imminent construction, which Wood Partners will oversee as its own general contractor, will create the Alta Union apartment complex.

Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $0.37 for the quarter ended March 31, 2020, compared to net income per diluted common share of $1.22 for the quarter ended March 31, 2019, a decrease of 69.7 percent. Excluding gains and losses on the sale of investment securities and ORE expense for the three months ended March 31, 2020 and 2019, net income per diluted common share was $0.39 in 2020, compared to $1.24 in 2019, a year-over-year decrease of 68.5 percent. Pinnacle also reported that based on an initial assessment of the impact of the pandemic to its loan portfolio, it increased its allowance for credit losses by $86 million during the first quarter of 2020. As a result, Pinnacle's allowance for loan losses to total loans increased to 1.09 percent of its loans at March 31, 2020.

As the coronavirus pandemic spreads, forcing restrictions on businesses, more and more banks are temporarily shuttering branches in North Carolina and across the nation.

"There’s continuing revelation about what the SBA wants and what they’ll approve and how they want it all calculated," said Terry Turner, CEO of Pinnacle Bank.

Triad lenders have had to rapidly implement systems to keep pace with tens of thousands of small business loan applications pouring in as a result of the SBA-backed paycheck protection program rolling out faster than anticipated. Still, business owners as well as investors should also be taking the longview, according to one wealth management firm president.

To the annoyance of some shareholders, Pinnacle Financial Partners (NASDAQ:PNFP) shares are down a considerable 30% in...

To the annoyance of some shareholders, Pinnacle Financial Partners (NASDAQ:PNFP) shares are down a considerable 49% in...

Q1 2020 Pinnacle Financial Partners Inc Earnings Call

Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) ("Pinnacle Financial") today announced that it has priced an underwritten public offering of 4,800,000 depositary shares (the "depositary shares") each representing a 1/40th interest in a share of 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share).

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

The federal government's Paycheck Protection Program launched today, and local bankers are scrambling to take applications as quickly as possible.

Michael Turner became the CEO of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) in 2000. First, this article will...

As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio...

NEW YORK, NY / ACCESSWIRE / April 21, 2020 / Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 21, ...

Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) announced today that its Board of Directors has approved a $0.16 per share cash dividend to be paid on May 29, 2020 to common shareholders of record as of the close of business on May 1, 2020.

Two of Nashville's largest local lenders are shuttering their branches due to the coronavirus, officials confirmed to the Business Journal.

Terry Turner believes in miracles — and he’s praying Congress authorizes a new one. In a blog post Thursday, the Pinnacle Bank President and CEO said federal lawmakers must “do the right thing” and re-fund the Paycheck Protection Program to help small businesses withstand the economic crisis brought on by the COVID-19 pandemic. “[W]e are talking with [Small Business Administration] leadership in Washington, D.C., and urging our elected federal officials to authorize the next wave of PPP funding,” Turner said.

Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its first quarter 2020 financial results on Monday, April 20, 2020, after the stock market closes. It will also host a live webcast on Tuesday, April 21, at 8:30 a.m. CT to review its financial results, business outlook for the firm and other matters. The first quarter 2020 earnings release will be available on the investor relations page of Pinnacle's website at www.pnfp.com.

There's been a notable change in appetite for Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) shares in the week since...

Wilson County's largest lender is launching a $100 million lending program to help tornado victims rebuild their homes.