Tue, Jul. 12, 9:58 AM| Tue, Jul. 12, 9:58 AM
Fri, Jan. 29, 12:54 PM
- In a merger of Nashville lenders, Pinnacle Financial Partners (PNFP -4%) is buying Avenue Financial (AVNU +39.7%) for roughly $200M in stock and cash.
- Avenue owners will receive 0.36 shares of PNFP and $2 in cash for each share of AVNU they hold, and will own about 8.1% of the combined company.
- Assuming the deal closes late in Q3, expect a modestly accretive 2016 impact to Pinnacle's EPS and a 4.2% addition to 2017 earnings. Tangible book value will be diluted by 1%. Once the technology conversion takes place, about 40% of Avenue's expense base will be eliminated.
Apr. 1, 2015, 9:47 AM
Apr. 16, 2013, 5:30 PM
Apr. 16, 2013, 12:59 PM
Apr. 15, 2013, 5:38 PMPinnacle Financial (PNFP): Q1 EPS of $0.39 beats by $0.06. Shares +1.3% AH. (PR) | Apr. 15, 2013, 5:38 PM
Jan. 4, 2012, 12:19 PM
Pinnacle Financial Partners, Inc. operates as a bank holding and community Bank. The company is engaged in the business of providing financial services. It also provides personalized services to small community banks, while seeking to offer the products and services, such as investments and... More
Industry: Regional - Southeast Banks
Country: United States
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