Pinnacle Financial reports Q1 EPS $1.76, consensus $1.72

Reports Q1 revenue $401.8M, consensus $421.2M. "Never before has the depth, sustainability and durability of our business model proven itself as it has over the past several weeks," said M. Terry Turner, CEO. "For community and regional banks, it was a remarkable quarter. We were all impacted by the failure of two well-known banks. There was much concern over the amount of deposit growth regional banks could sustain, if any, as a result of the anxiety created by these two banks. But, our disciplined execution and the depth of client loyalty that we have built over the last two decades enabled us not only to retain substantially all of our clients, but to grow our clients’ deposits at an annualized growth rate of 9.6 percent during the first quarter, a portion of which came after the two bank failures."