- Pinnacle delivered a respectable pre-provision beat in the second quarter, with better core loan growth than most other banks are achieving in the Southeast U.S. right now.
- Management has expressed an increased willingness to consider whole bank M&A, but the company's strategy for organic growth (entering new markets with competitive hire-aways) is still core.
- A long-term core earnings growth rate can still support an attractive double-digit long-term annualized return (above historical norms for banks), making this a name to consider.
For further details see:
Pinnacle Financial Partners Still Early In An Impressive Growth Story