Browsing Pinnacle’s 10-Q

By Geert De Lombaerde Posted on October 30, 2009 at 7:45 am

We had to go pretty deep to find some nuggets of info that weren’t covered in last week’s Q3 earnings release and conference call, but here’s what we found:

- Terry Turner and his crew are still looking to grab market share. They ramped up marketing and business development spending in the quarter to $512,000, a jump of more than a third from a year ago and up 13 percent from their first-half pace.

- A chunk of that cash is going to the trust department, which has grown its assets under management to $607 million from $537 million a year ago.

- Spending on foreclosed real estate fell by almost half during Q3. Is it a sign that the worst has passed or does it mean that Pinnacle, like other lenders, is strategically not foreclosing on troubled properties?

Check out the full filing here.

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Tags: asset management, banking, marketing, Pinnacle Financial Partners Inc.  

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