NPA and OREO 4% of loans and ALLL only 2.3%. PNFP is way under-reserved with ratio of 57%. Even funky RF is at 80%; USB, the best bank, is > 100%.
Losses to continue with charge-offs and increases in ALLL. TARP money in for long time.
Mgmt had a chance to sell 4 years ago but acquired instead - horrible mistakes that loaded bank up with real estate exposure. There are plenty of terrific bank execs available - why are these clowns still employed?