Pinnacle Financial Partners, Inc. Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2024
July 16, 2024 at 06:03 pm EDT
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Pinnacle Financial Partners, Inc. reported net loan charge-offs for the second quarter ended June 30, 2024. For the quarter, the company reported net loan charge-offs of $22,895,000 compared to $9,771,000 a year ago.
Pinnacle Financial Partners, Inc. is a financial holding company. The Company operates through its wholly owned subsidiary, Pinnacle Bank (the Bank). The Bank is a Tennessee state-chartered bank. It offers a range of lending products, including commercial, real estate and consumer loans to individuals, businesses, and professional entities. The Bank is also focused on offering core deposits, including savings, noninterest-bearing checking, interest-bearing checking, money market and certificate of deposit accounts, including access to products offered through various IntraFi Network Deposit programs. The Bank also provides fiduciary and investment services through its Trust & Investment Services department. Its treasury management services include, online wire origination, automated bill pay services, positive pay, and others. It operates approximately 128 offices, including 51 in Tennessee, 39 in North Carolina, 21 in South Carolina, 10 in Virginia, three in Georgia.