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Top once and you know you've got two very big names it's not just the big ones though.
It's the regional banks as well here's one for you pinnacle financial announced earnings after the bell yesterday what do they do.
Profits -- -- margins actually rose which is not what you see with a lot of these other names margins rose for the ninth straight.
Quarter what I think doing right let's find out joining me now in a Fox Business exclusive.
-- financial CEO and president Terry Turner thank you for joining us -- out of Nashville where you guys are based -- -- this stock has done well it's up 19%.
Europe -- year but let's drill down to some of the details of this earnings report.
The -- did quite well but there -- some issues here were thought to myself.
You really doubled your EPS from the same quarter year -- year with the not a bunch of other nice metrics of what the word of the two biggest drivers -- pull up the number two to because drivers here for your numbers this time.
Yeah I think the two biggest drivers or loan growth and margin expansion I think.
You know -- begin to see some growth in commercial lending activities across the nation is still slow.
We've been able to produced -- loan growth about 13% year over year.
And a lot of that has to do with market share movement has -- economic.
Growth so that's been an advantage force and helped us.
The second things a net interest margin we've had about nine quarters of expansion in net interest margin.
And a lot of that has to do with driving down cost of funds we've been fairly efficient there.
And the rest utterly gets back to loan and bond yields well.
I don't need to -- to wave my arms to our viewers or anything like -- but I want them to hear this.
This net interest margin issue with something that really spooked investors when -- came to a name what Wells Fargo.
How you look considerably a little -- guy able to pull off what -- Wells Fargo Clinton and I know you're dealing with smaller levels here but your loans were up about 13%.
Deposits -- up about 40% I know that that that in a truly healthy lending environment the loan to deposit ratio should be somewhere along the lines of a 100%.
That that may -- of a concern but what are you doing right when it comes to the net interest margins.
Well I think.
Biggest component of bringing our net interest margin is really been driving down the cost of funds I think it's.
Important as an industry Phnom and -- industries -- -- liquidity.
Some have been less aggressive about driving down cost of funds in that environment than perhaps they could be.
We have it worked very hard on driving down cost funds has been and and big -- -- for some.
We've also had some improvement and asset quality which -- been helpful to those in terms of nonperforming assets.
And so forth and -- think those two things in large measure.
Have enabled us to continue widening the margin.
It sounds like Q you actually looked at your balance sheet and said we need to -- to -- this thing up and figure out how to bring costs down something that many American households are doing but but not Washington Terry how we don't read disappointed in what came out of this this fiscal plan.
Drop that that was just kind of a big.
How sort of half of the issue dealt with them and not to the liking of many people but what what for a banker of your size do you need to Seattle Washington.
Well yeah that's an interesting comment I think the fiscal cliff faction.
Is a little bit of a band aid but it clearly doesn't -- -- -- long term solution.
We're primarily a business bank we've largely -- to middle market businesses and what Omer owners really -- -- is clarity and confidence and so we didn't get a lot of clarity we've still got major issues to deal with in terms of deficits.
That sailing -- And and and I just ask you about the Fed I mean what if they end quantitative easing part three where they'd.
Put by a lot of different types of financial instruments to it to help prop up this market.
Will that hurt you you know it's a sort of a double edged sword at some point we've got to pull the pillow out and people need to throw away the crutches and walk on their own.
I don't think there's any doubt about that again others go back to this issue confidence.
We need leadership in Washington.
To provide confidence to business owners I don't think -- any escalation.
In economic growth -- most -- continue to dampen their outlooks.
Obviously that -- owned loan demand and that's really the driver of these.
Terry -- -- you guys have a hockey team here comes the national hockey he once again cannot my hockey -- -- -- gonna see any gains in Nashville.
What will -- -- this week.
Excellent all right Terry Turner Pinnacle Financial Partners CEO and president and a hockey fan with that accent that's amazing closing bell over.
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