Pinnacle Financial Partners (Pinnacle Financial Partners) Credit Losses Provision : $109.33 Mil (As of Mar. 2024)

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What is Pinnacle Financial Partners Credit Losses Provision?

Pinnacle Financial Partners's credit losses provision for the three months ended in Mar. 2024 was $34.50 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $109.33 Mil.

Pinnacle Financial Partners's quarterly credit losses provision declined from Sep. 2023 ($26.83 Mil) to Dec. 2023 ($16.31 Mil) but then increased from Dec. 2023 ($16.31 Mil) to Mar. 2024 ($34.50 Mil).

Pinnacle Financial Partners's annual credit losses provision increased from Dec. 2021 ($16.13 Mil) to Dec. 2022 ($67.93 Mil) and increased from Dec. 2022 ($67.93 Mil) to Dec. 2023 ($93.60 Mil).

Pinnacle Financial Partners Credit Losses Provision Historical Data

The historical data trend for Pinnacle Financial Partners's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pinnacle Financial Partners Credit Losses Provision Chart

Pinnacle Financial Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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27.28

203.82

16.13

67.93

93.60

Pinnacle Financial Partners Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															18.77	31.69	26.83	16.31	34.50

Pinnacle Financial Partners Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $109.33 Mil.

Pinnacle Financial Partners (Pinnacle Financial Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pinnacle Financial Partners Inc (NAS:PNFPP.PFD) » Definitions » Credit Losses Provision

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PNFP:USA

Address

150 Third Avenue South, Suite 900, Nashville, TN, USA, 37201

Website

https://www.pnfp.com

Pinnacle Financial Partners Inc is a financial holding company. The company operates through its wholly-owned subsidiary, Pinnacle Bank. The bank provides a full range of lending products, including commercial, real estate, and consumer loans to individuals and small to medium-sized businesses. Pinnacle operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis, and Chattanooga, Tennessee, as well as surrounding counties. Its strategy relies heavily on mergers and acquisitions. A majority of its loan portfolio is in commercial loans, primarily real estate, as well as industrial loans. The bank generates a majority of its net revenue through net interest income.