Pinnacle Financial Partners, Inc. Cost of Revenue

Cost of Revenue of PNFP for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).

Highlights and Quick Summary

  • Cost of Revenue for the quarter ending March 30, 2021 was $29 Million (a -19.45% decrease compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue decreased by -43.14%
  • Annual Cost of Revenue for 2020 was $199 Million (a -33.98% decrease from previous year)
  • Annual Cost of Revenue for 2019 was $302 Million (a 43.46% increase from previous year)
  • Annual Cost of Revenue for 2018 was $210 Million (a 126.62% increase from previous year)
  • Twelve month Cost of Revenue ending March 30, 2021 was $159 Million (a -20.31% decrease compared to previous quarter)
  • Twelve month trailing Cost of Revenue decreased by -42.22% year-over-year
Trailing Cost of Revenue for the last four month:
30 Mar '21 30 Dec '20 29 Sep '20 29 Jun '20
$159 Million $199 Million $237 Million $275 Million
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Historical Cost of Revenue of Pinnacle Financial Partners, Inc.

Most recent Cost of Revenueof PNFP including historical data for past 10 years.

Interactive Chart of Cost of Revenue of Pinnacle Financial Partners, Inc.

Pinnacle Financial Partners, Inc. Cost of Revenue for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $29.05
2020 $36.06 $42.59 $51.08 $69.52 $199.25
2019 $74.28 $79.94 $76.93 $70.64 $301.79
2018 $65.88 $58.69 $48.75 $37.06 $210.38
2017 $33.35 $28.99 $17.12 $13.38 $92.83
2016 $12.08 $10.74 $8.72 $7.07 $38.62
2015 $6.32 $5.13 $3.67 $3.41 $18.54
2014 $3.22 $3.24 $3.34 $3.38 $13.19
2013 $3.44 $3.6 $3.95 $4.4 $15.38
2012 $4.96 $5.51 $5.77 $6.32 $22.56
2011 $7.15 $8.53 $9.99 $11.2 $36.88
2010 $13.02 $14.59 $15.23 $58.98

Business Profile of Pinnacle Financial Partners, Inc.

Sector: Financial Services
Industry: Banks—Regional
Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts. Its loan products include commercial loans, such as equipment and working capital loans; commercial real estate loans comprising investment properties and business loans secured by real estate; and loans to individuals consisting of secured and unsecured installment and term loans, lines of credit, residential first mortgage loans, and home equity loans and lines of credit, as well as provides credit cards for consumers and businesses. The company also offers various securities and other financial products; investment products; brokerage and investment advisory programs; and fiduciary and investment management services, such as personal trust, endowments, foundations, individual retirement accounts, pensions, and custody. In addition, it provides insurance agency services primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, and other middle-market advisory services. Further, the company offers treasury management, telephone and online banking, mobile banking, debit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. It serves individuals, small to medium-sized businesses, and professional entities. As of December 31, 2020, the company operated 114 offices, including 48 in Tennessee, 36 in North Carolina, 20 in South Carolina, 9 in Virginia, and 1 in Georgia. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee.