Franklin Synergy maintains torrid growth pace

Profits soar 74% as loan book grows 8% during quarter, 45% from year ago
Jul 23, 2014 6:49 AM

Mortgage delinquency, foreclosure rates nearing landmark levels

Real estate data firm CoreLogic says the percentage of Nashville-area home loans that are at least 90 days behind fell in May to 3.08 percent from 3.15 percent the month before and 3.95 percent in May of 2013. If recent trends hold, the delinquency rate will be well below 3 percent by summer's end and about half its number during the peak of the Great Recession.

Similarly, CoreLogic says the Nashville MSA's foreclosure rate dipped to 0.53 percent from 0.57 percent in April and 1.02 percent a year earlier. That number peaked just under 2 percent in early 2011.

Jul 22, 2014 10:53 AM

Sandler lifts Pinnacle rating

Analyst Stephen Scouten at Sandler O'Neill has raised his rating on shares of Pinnacle Financial Partners to 'buy' from 'hold' after the bank holding company reported its second-quarter numbers. The move by Scouten is based on the valuation of Pinnacle, which is off about 10 percent from its recent highs (Ticker: PNFP) but is still up about 15 percent so far in 2014.

Jul 21, 2014 7:17 AM

First Horizon gains Middle Tennessee traction

It looks like Nashville was kind to First Tennessee Bank in the second quarter. The bank's parent company, First Horizon National Corp., said its Middle Tennessee loan book grew by 8 percent in the three months ended June 30. That was double the company's overall growth rate.

Jul 18, 2014 2:11 PM

Analyst action: Pinnacle, Clarcor

Kevin Reynolds at Wunderlich Securities has raised his price target for shares of Pinnacle Financial Partners to $40 from $37 after the bank holding company reported its Q2 numbers. Reynolds says investors shouldn't put too much stock in the earnings beat because of a smaller loan loss provision, but he nonetheless likes Pinnacle's long-term prospects. Pinnacle shares (Ticker: PNFP) closed Thursday trading at $36.05 and are up 11 percent so far in 2014.

At Robert W. Baird, analyst Richard Eastman has hiked his rating on Clarcor shares to 'outperform' from 'neutral,' citing better fundamentals, the benefit of recent acquisitions and a decent valuation. He sees Clarcor (Ticker: CLC), which closed Thursday at $60.46, climbing to $67 in the coming quarters.

Jul 18, 2014 7:19 AM

Truxton Q2 up 36%

Wealth management business powers big gains
Jul 17, 2014 2:35 PM

Pinnacle beats by a penny

Bank adds $134M in loans, on track to hit three-year goal
Jul 16, 2014 7:08 AM

Pinnacle hires chairman for Knoxville group

Exec retired as BB&T state president last year
Jul 15, 2014 7:25 AM

California bank adding Nashville-based director

A West Coast bank is adding a Nashville-based managing director to its newly expanded health care banking division.

Irvine, California-based Opus Bank has hired Gregory Ratliff as a managing director of health care banking. Ratliff joins the company from Regions Bank, where he served as relationship manager of corporate health care. Previously, he served as senior vice president and chief credit officer of US Bank's health care division.

Ratliff will join the bank's provider group and focus on client relationships across all health care sectors. Opus also hired Frank Balkum, based in Tampa, to the bank's practice group.

"The additions of [Ratliff and Balkum] complement our current West Cost-based health care banking team and enable Opus to better provide banking services to health care providers, practices, professionals, organizations, manufacturers and investors nationwide," Michael Allen, Opus co-president, said in a release.

Jun 25, 2014 1:30 PM

Regions shuffles structure

The parent of Regions Bank has restructured some of its main businesses, aligning its retail, wealth management and small business teams under what it calls the General Bank and setting up the Corporate Bank to handle middle-market and large business customers. The realignment comes with some executive moves, including the departure (for family reasons) of Regions' Business Services Group leader.

Jun 17, 2014 8:51 AM