Pinnacle Bankshares Corporation Boosts Dividend to $0.27 Per Share

Pinnacle Bankshares Corporation has announced a $0.27 per share cash dividend, an increase of $0.01 or 4% from the previous quarter. This marks the second increase this year and the 52nd consecutive quarter of a declared dividend. The decision is based on the company's solid performance, including a 15% increase in net income to $4.95 million through six months of 2025.

Pinnacle Financial Partners Inc. (PNFP) has released its Form 10-Q report for the second quarter of 2025, highlighting significant growth in both financial and operational metrics. The report indicates a 14.2% increase in net interest income to $379.5 million, driven by organic loan growth and a declining cost of funds [1]. Net income for the period reached $158.5 million, up 68.8% year-over-year, primarily due to higher net interest income and noninterest income [1].

Noninterest income, which includes fees and other income not related to interest, saw a substantial increase of 55.1% to $223.9 million for the six months ended June 30, 2025, compared to the same period in 2024. This growth was attributed to the repositioning of the securities portfolio and increased income from equity method investments [1].

The company also announced the addition of several key executives to its leadership team, including Avery Young as a health and benefits advisor and Greg Wilcox as an area executive in Charlotte. These appointments reflect Pinnacle’s continued focus on expanding its market presence and enhancing its service offerings [2].

Pinnacle Financial Partners has also made strategic expansions, including the relocation to a new Nashville headquarters in April 2025 and the construction of additional locations. The company anticipates continued growth in specialty lending groups and plans to maintain a focus on hiring experienced bankers to support its expansion strategy [1].

The company's strong performance has led to a $0.27 per share cash dividend, an increase of $0.01 or 4% from the previous quarter. This marks the second increase this year and the 52nd consecutive quarter of a declared dividend [3].

References:
[1] https://www.tradingview.com/news/tradingview:e049cb65e0d50:0-pinnacle-financial-partners-inc-sec-10-q-report/
[2] https://pnfp.com/about-pinnacle/media-room/news-releases/
[3] https://pnfp.com/about-pinnacle/media-room/news-releases/