
Overview
Alabama bank's Q4 net income rose 7.7% yr/yr, with EPS increasing to $1.24 from $1.15
Company's Q4 net interest margin improved to 3.27% from 3.17%
Company's total deposits increased by 4.2% yr/yr
Outlook
Company did not provide specific guidance for future financial performance
Result Drivers
NET INTEREST MARGIN - Pinnacle's net interest margin improved to 3.27% in Q4, up from 3.17% in the same period last year
DEPOSIT GROWTH - Total deposits increased by 4.2% year-over-year
UNREALIZED LOSSES - Higher interest rates led to unrealized losses on securities, but these are not expected to be permanent
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income |
| $1.12 mln |
|
Q4 Net Interest Margin |
| 3.27% |
|
Press Release: ID:nBwbRPBVYa
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