Jackson Singleton's questions to Pinnacle Financial Partners Inc (PNFP) leadership • Q2 2025
Question
Jackson Singleton, on behalf of Casey Haire from Autonomous Research, asked for more color on the drivers behind the potential Net Interest Margin (NIM) increase in Q3 and for expectations on deposit beta performance going forward.
Answer
CFO Harold Carpenter attributed the stable-to-upwardly biased NIM outlook to continued fixed-rate loan repricing and the stability of non-interest-bearing deposits. He noted that he does not expect significant changes in deposit betas until the Federal Reserve enacts a rate cut, which would create an opportunity to reprice deposits lower.