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Earnings of Pinnacle Monetary Companions, Inc. (NASDAQ:PNFP) will possible stay flattish this 12 months as mortgage progress will counter weak spot within the margin and decrease earnings from Bankers’ Healthcare Group. Total, I’m anticipating the corporate to report earnings of $7.05 per share

Monetary Place FY18 FY19 FY20 FY21 FY22 FY23E
Internet Loans 17,624 19,693 22,139 23,151 28,741 32,290
Progress of Internet Loans 13.2% 11.7% 12.4% 4.6% 24.1% 12.3%
Different Incomes Belongings 3,847 4,338 8,268 11,047 8,092 10,842
Deposits 18,847 20,181 27,706 31,305 34,961 38,960
Borrowings and Sub-Debt 2,033 2,938 1,887 1,464 1,083 2,782
Widespread fairness 3,966 4,356 4,687 5,093 5,302 6,119
E book Worth Per Share ($) 51.2 56.7 62.0 67.1 69.6 80.5
Tangible BVPS ($) 27.3 32.4 37.3 42.7 44.9 55.8
Supply: SEC Filings, Writer’s Estimates (In USD million except in any other case specified)

Deposit Mix Trend

SEC Filings

Interest Rate Sensitivity

1Q 2023 Earnings Presentation

Earnings Assertion FY18 FY19 FY20 FY21 FY22 FY23E
Internet curiosity earnings 736 766 822 932 1,129 1,303
Provision for mortgage losses 34 27 192 16 68 85
Non-interest earnings 201 264 318 396 416 369
Non-interest expense 453 505 577 660 780 899
Internet earnings – Widespread Sh. 359 401 305 512 546 536
EPS – Diluted ($) 4.64 5.22 4.03 6.75 7.17 7.05
Supply: SEC Filings, Writer’s Estimates (In USD million except in any other case specified)

PNFP ONB VLY OZK FNB CADE Peer Common
P/E (“ttm”) 6.34 6.06 6.22 6.52 7.07 7.92 6.76
P/E (“fwd”) 6.87 6.11 6.01 5.67 6.73 7.19 6.34
P/B (“ttm”) 0.64 0.71 0.58 0.84 0.66 0.76 0.71
P/TB (present) 0.98 1.22 0.85 0.98 1.20 1.19 1.09
Supply: Looking for Alpha’s Peer Web page for P/E and P/B, Charting Web page for P/TB

P/TB A number of 0.89x 0.99x 1.09x 1.19x 1.29x
TBVPS – Dec 2023 ($) 55.8 55.8 55.8 55.8 55.8
Goal Value ($) 49.5 55.1 60.7 66.2 71.8
Market Value ($) 49.6 49.6 49.6 49.6 49.6
Upside/(Draw back) (0.1)% 11.1% 22.4% 33.6% 44.9%
Supply: Writer’s Estimates

P/E A number of 4.8x 5.8x 6.8x 7.8x 8.8x
EPS 2023 ($) 7.05 7.05 7.05 7.05 7.05
Goal Value ($) 33.5 40.6 47.6 54.7 61.7
Market Value ($) 49.6 49.6 49.6 49.6 49.6
Upside/(Draw back) (32.4)% (18.1)% (3.9)% 10.3% 24.5%
Supply: Writer’s Estimates

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