Pinnacle Financial Partners, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total interest income of $208,084,924 against $101,493,142 a year ago. Net interest income was $174,730,717 against $89,413,374 a year ago. Income before income taxes was $81,965,005 against $54,344,983 a year ago. Net income was $26,797,774 or $0.35 per diluted share against $36,096,464 or $0.78 per diluted share a year ago. Return on average assets was 0.48% against 1.30% a year ago. Return on average tangible assets was 0.53% against 1.36% a year ago. Return on average equity was 2.87% against 9.61% a year ago. Non-GAAP net interest income was $174,731,000 against $89,413,000 a year ago. Non-GAAP total revenues were $211,219,000 against $120,156,000 a year ago. Non-GAAP net income was $26,798,000 or $0.35 per diluted share against $36,097,000 or $0.78 per diluted share a year ago. Non-GAAP return on average assets was 0.48% against 1.30% a year ago. Non- GAAP return on average tangible assets was 0.53% against 1.36% a year ago. Non-GAAP return on average common equity was 2.87% against 9.61% a year ago.

For the year, the company reported total interest income of $636,138,249 against $363,608,928 a year ago. Net interest income was $543,307,011 against $324,994,281 a year ago. Income before income taxes was $297,986,023 against $191,383,862 a year ago. Net income was $173,979,487 or $2.70 per diluted share against $127,224,695 or $2.91 per diluted share a year ago. At December 31, 2017, tangible book value per share was $23.71 per share against $20.06 per share at December 31, 2016, an increase of 18.2% despite the impact of a transformational merger and the immediate impact of a meaningful tax law change.

For the fourth quarter ended December 31, 2017, the company reported net charge-offs of $4.2 million against $4.3 million a year ago.