UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 18, 2011
PINNACLE FINANCIAL PARTNERS, INC.
(Exact name of registrant as specified in charter)
| |
|
|
|
|
|
| Tennessee
|
|
000-31225
|
|
62-1812853 |
| |
| (State or other jurisdiction
|
|
(Commission
|
|
(I.R.S. Employer |
| of incorporation)
|
|
File Number)
|
|
Identification No.) |
| |
|
|
|
| 150 Third Avenue South, Suite 900, Nashville, Tennessee
|
|
37201 |
| |
| (Address of principal executive offices)
|
|
(Zip Code) |
Registrant’s telephone number, including area code: (615) 744-3700
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
| o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
| o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 2.02. Results of Operations and Financial Condition.
This Current Report on Form 8-K is being furnished to disclose the press release issued by
Pinnacle Financial Partners, Inc., a Tennessee corporation (the “Company”), on January 18, 2011.
The press release, which is furnished as Exhibit 99.1 hereto pursuant to Item 2.02 of Form 8-K,
announced the Company’s results of operations for the three months and fiscal year ended December
31, 2010.
The press release furnished herewith as Exhibit 99.1 contains certain non-GAAP performance
measures and ratios for the three months and fiscal year ended December 31, 2010 and December 31,
2009 and the three months ended September 30, 2010. The non-GAAP performance measures and ratios
presented exclude the impact of goodwill and core deposit intangibles associated with the Company’s
acquisition of Mid-America Bancshares, Inc. and Cavalry Bancorp, Inc., which the Company acquired
on November 30, 2007 and March 15, 2006, respectively, and the preferred stock issued to the U.S.
Department of the Treasury under the Capital Purchase Program of the Troubled Asset Relief Program.
The press release also contains for the three months ended September 30, 2010 and December 31,
2010, non-GAAP noninterest expense excluding the impact of other real estate expenses, and, for the
three months ended December 31, 2010, a non-GAAP efficiency ratio excluding the impact of other
real estate expenses.
The presentation of this non-GAAP financial information is not intended to be considered in
isolation or as a substitute for any measure prepared in accordance with GAAP. Because non-GAAP
financial measures presented in the press release are not measurements determined in accordance
with GAAP and are susceptible to varying calculations, these non-GAAP financial measures, as
presented, may not be comparable to other similarly titled measures presented by other companies.
The Company believes that these non-GAAP financial measures facilitate making period-to-period
comparisons and are meaningful indications of its operating performance. In addition, because
intangible assets such as goodwill and the core deposit intangible and other real estate owned
expenses each vary extensively from company to company, the Company believes that the presentation
of this information allows investors to more easily compare the Company’s results to the results of
other companies.
The Company’s management utilizes this non-GAAP financial information to compare the Company’s
operating performance in 2010 versus the comparable periods in 2009 and to internally prepared
projections.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release issued by Pinnacle Financial Partners, Inc. dated January 18, 2011.