Latest news with #PinnacleFinancialPartners
Forbes
20-05-2025
- Automotive
- Forbes
23XI Racing Expands Partnership With Pinnacle Financial Partners
Tyler Reddick is extending a partnership with one of the companies that was by his side during back-to-back Nascar Xfinity Series championships. Pinnacle Financial Partners will be expanding its partnership with the 23XI Racing driver, becoming a primary sponsor for the No. 45 team in two Cup Series races. The Pinnacle-branded paint scheme will first compete at Nashville Superspeedway in June and will return during the Playoffs for the Cup Series race at Bristol Motor Speedway in September. 'They've been part of our team since Tyler joined our team a couple of years ago,' 23XI Racing President Steve Lauletta said. "They've had a long relationship with him when he was in Xfinity. When he joined our team, we had dialogue with them and they were an associate partner. We did a couple of events and programs with them. 'We feel like our cultures and company values really match. We're really happy and excited that we expanded our relationship for this year and beyond.' During the Busch Clash to kick off the 2025 Nascar Cup Series season, a local Pinnacle associates group sponsored the No. 50 Chevrolet with Team AmeriVet. However, this partnership is with the organization's headquarters. 'The relationship we've built with Tyler was a great entry point, and 23XI is probably the most exciting team in racing right now,' Andy Moats, EVP and director of music, sports and entertainment at Pinnacle Financial Partners, said. "We also feel a lot of synergy with them as an organization. Pinnacle is known for doing things differently in terms of corporate culture and how we do business with clients. We believe 23XI Racing are the same. They're helping redefine success in Nascar and have built a culture of support and unity among their drivers and teams. It's a great organization, and we're honored to be part of it." For Pinnacle, the step up to sponsor a Cup Series team is a major investment. This is a more significant investment than sponsoring a handful of Xfinity Series races for Reddick as a young gun. He is now considered to be a favorite to win Cup events week-in and week-out. 'We hope this is just the beginning,' Moats said. 'As I said, the relationships with Tyler and 23XI are what we care about most, and we have so many possibilities to keep working together. As it makes sense for us to keep sponsoring his car and joining him in the winner's circle, we'll keep our foot on the gas.' The addition of Pinnacle is yet another new primary partner for 23XI Racing. Recently, the organization inked a deal with Robinhood for multiple races in 2025, as well as Logitech for the All-Star Race. 'We have a great list of companies in different industries,' Lauletta said. 'Our partnerships help us build the reach and brand of 23XI. They talk to and relate to different parts of our current and potential fan base. At the same time, we hope we deliver value to their business. With Pinnacle, if we didn't deliver that value, you wouldn't get an expansion of the relationship.' Reddick enters this weekend's Coca-Cola 600 with three top fives and four top 10s, searching for his first win in 2025.
Yahoo
13-05-2025
- Business
- Yahoo
Pinnacle Financial Partners First Quarter 2025 Earnings: Revenues Disappoint
Revenue: US$445.9m (up 13% from 1Q 2024). Net income: US$136.6m (up 14% from 1Q 2024). Profit margin: 31% (in line with 1Q 2024). EPS: US$1.78 (up from US$1.58 in 1Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) was mostly in line with analyst estimates. Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 5.1% from a week ago. We don't want to rain on the parade too much, but we did also find 1 warning sign for Pinnacle Financial Partners that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
