Jackson Singleton's questions to PINNACLE FINANCIAL PARTNERS (PNFP) leadership • Q2 2025
Question
Jackson Singleton, on behalf of Casey Haire from Autonomous Research, asked for the specific drivers that could lead to a net interest margin (NIM) increase in the third quarter and for expectations on deposit beta performance going forward.
Answer
CFO Harold Carpenter explained that potential NIM upside in Q3 would be driven by continued lift from fixed-rate loan repricing and stable non-interest-bearing deposit balances. He stated that while there is always room for improvement, he does not anticipate significant changes in deposit betas in the near term. However, a Fed rate decrease would be the key catalyst to more aggressively lower deposit costs.