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“Pinnacle is pleased to increase its quarterly cash dividend to shareholders to
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties. Any statements contained herein that are not historical facts are forward-looking and are based on current assumptions and analysis by the Company. These forward-looking statements, including statements made in Mr. Hall’s quotes may include, but are not limited to, statements regarding the Company’s outlook on future economic and market conditions, the credit quality of our asset portfolio in future periods, our cost of funds, the maintenance of our net interest margin, future operating results, business performance and capital levels, our growth initiatives and their results, results of the Company’s merger with
- market interest rates and inflation rates and their impacts on economic conditions, customer behavior and the Company’s funding costs;
- general economic conditions in the markets in which the Company operates and in which its loans are concentrated, including employment levels, rates of economic growth, and real estate values;
- the impact, severity and duration of the COVID-19 pandemic and the effectiveness of the steps taken by the Company in response to the COVID_19 pandemic;
- the quality or composition of the Company’s loan and investment portfolios;
- demand for loan products and financial services in the Company’s market area;
- the Company’s ability to manage its growth or implement its growth strategy, the Company’s ability to improve asset quality and net interest margin, and the Company’s ability control operating expenses and losses on nonperforming assets;
- technological risks and developments, and cyber threats, attacks or events;
- competition for financial products and services within our markets;
- the potential adverse effects of unusual and infrequently occurring events, such as wealth-related disasters, terrorist acts, geopolitical conflicts (such as the ongoing war between
Russia andUkraine ) or public health events (such as the COVID-19 pandemic), with such potential adverse effects including adverse effects on the ability of the Company’s borrowers to satisfy their obligations to the Company, on the value of collateral securing the Company’s loans, or on demand for the Company’s products and services; - performance by the Company’s counterparties or vendors;
- the legislative and regulatory climate, including laws and regulations concerning taxes, banking, securities, insurance and healthcare with which the Company and its subsidiaries must comply;
- monetary and fiscal policies of the
U.S. Department of the Treasury and theBoard of Governors of theFederal Reserve System ; - changes to applicable accounting principles or guidelines; and
- other factors, many of which may be beyond the Company’s control.
These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and you should not place undue reliance on such statements, which reflect our views as of the date of this release. Forward-looking statements speak only as of the date they are made. The Company does not intend or assume any obligation to update, revise or clarify any forward-looking statement that may be made from time to time on behalf of the Company, whether as a result of new information, future events or otherwise.
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