Key Takeaways Pinnacle and Synovus have merged, creating a $117B regional bank with 400 branches across nine states.Pinnacle shareholders own 51.5% of the combined company, with Synovus shareholders holding 48.5%.The merger is expected to generate 21% operating earnings accretion and strengthen long-term returns for PNFP.Pinnacle Financial Partners, Inc. (PNFP) has completed its previously announced all-stock merger with Synovus Financial Corporation, valued at $8.6 billion. With all required shareholder an ...

Core Viewpoint - Pinnacle Financial Partners (NASDAQ:PNFP) is positioned for potential growth, supported by a favorable analyst outlook and positive earnings estimates [2][3][6] Company Overview - Pinnacle Financial Partners is a financial services company offering a variety of banking products and services, primarily in the southeastern United States [1] - The company competes with other regional banks, focusing on superior customer service and financial solutions [1] Stock Performance - As of January 4, 2026, PNFP's stock price is $95.10, reflecting a slight decrease of 0.32% or $0.31 [4] - The stock has experienced volatility, with a one-year high of $127.85 and a low of $81.57 [4] Analyst Insights - Stephen Scouten from Piper Sandler has set a price target of $120 for PNFP, indicating a potential increase of about 26.18% from the current price [2][6] - The stock has received a Zacks Rank 2 (Buy), driven by an upward trend in earnings estimates, suggesting positive earnings prospects [2][3][6] Market Activity - Pinnacle Financial's market capitalization is approximately $7.38 billion, with a trading volume of 2,249,223 shares on the NASDAQ exchange, indicating healthy investor interest [5][6]

Core Viewpoint - Synovus Financial has successfully merged with Pinnacle Financial Partners in an all-stock deal valued at $8.6 billion, aiming to create the highest-performing regional bank in the Southeast [1][6] Group 1: Merger Details - The merger was announced in July and has resulted in a combined holding company with $117.2 billion in assets, $95.7 billion in deposits, and $80.4 billion in loans as of September 30 [1] - The new holding company will be headquartered in Atlanta, Georgia, while the bank's operations will be based in Nashville, Tennessee, with plans to consolidate under the Pinnacle brand by early 2027 [2] Group 2: Shareholder Structure - The merger involved a fixed exchange ratio of 0.5237 Synovus shares for each Pinnacle share, translating to a Synovus share value of $61.18, resulting in Synovus shareholders owning approximately 48.5% and Pinnacle shareholders about 51.5% of the merged entity [3] Group 3: Leadership and Vision - Kevin Blair, the former CEO of Synovus, is now the president and CEO of the merged group, while Terry Turner, the former CEO of Pinnacle, chairs the board [4] - The leadership team aims to position the merged entity as the fastest-growing and most profitable regional bank in the nation, emphasizing the importance of long-term relationships and purposeful growth [5]

Core Viewpoint - The merger between Pinnacle Financial Partners, Inc. and Synovus Financial Corp. has been completed, creating a larger bank holding company with significant assets and a focus on growth and client relationships [1][2][3]. Company Overview - The newly combined bank holding company has an estimated pro forma combined asset total of $117.2 billion, with deposits of $95.7 billion and loans of $80.4 billion as of September 30, 2025 [2]. - The combined firm operates over 400 locations across nine states in the Southeast and Atlantic coast, with plans to consolidate under the Pinnacle brand by early 2027 [2][3]. Leadership and Integration - The leadership team aims to position the combined entity as the fastest-growing and most profitable regional bank in the nation, emphasizing the importance of long-term relationships [4][6]. - Integration teams are working to ensure a seamless transition, with systems and brand conversions expected in early 2027 [3][6]. Shareholder and Stock Information - Under the merger agreement, each share of legacy Pinnacle common stock was converted into an equal number of shares of the new Pinnacle, while each share of Synovus common stock was converted into 0.5237 shares of new Pinnacle [6]. - The new Pinnacle shares will begin trading on the New York Stock Exchange on January 2, 2026, with legacy Pinnacle and Synovus being delisted from their respective exchanges [6][7]. Historical Context - The merger was announced on July 24, 2025, with shareholder approval obtained on November 6 and regulatory approvals received shortly thereafter, leading to the completion of the merger on January 1, 2026 [7]. Market Position - Pinnacle Financial Partners is now the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia, holding the number one deposit market share in the Nashville MSA and fourth in the Atlanta MSA [8]. Recognition and Culture - Pinnacle has been recognized as a top employer, ranking ninth in FORTUNE magazine's 2025 list of 100 Best Companies to Work For in the U.S. and fourth among America's Best Banks to Work For [9].

Key insight: There were more bank M&A deals in 2025 than in the past three years, and the combinations were generally more valuable.Supporting data: Banks announced at least 170 deals in 2025, up more than one-third from last year and nearly 80% from 2023.Forward look: A more merger-friendly regulatory environment, and speedier deal approval timelines, may beget more acquisitions in 2026.Merger and acquisition activity between banks sprang back to life in 2025 after several years of muted dealmaking due to ...

Pinnacle Financial (PNFP) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Si ...

Additional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at www.pnfp.com. About Synovus Financial Corp. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lendin ...

Core Insights - Pinnacle Financial Partners will merge with Synovus Financial Corp. in January 2026, with the combined firm set to release its fourth quarter 2025 financial results on January 21, 2026, after market close [1] - A live webcast to discuss the financial results and business outlook will take place on January 22, 2026, at 8:30 a.m. ET [1] Pinnacle Financial Partners - Pinnacle Financial Partners offers a comprehensive range of banking, investment, trust, mortgage, and insurance services, primarily targeting businesses and individuals seeking a robust financial relationship [3] - As of September 30, 2025, Pinnacle has approximately $56.0 billion in assets and is the second-largest bank holding company headquartered in Tennessee [4] - The firm is recognized as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA based on 2025 FDIC deposit data and has been listed as one of America's Best Banks to Work For for 12 consecutive years [3][4] Synovus Financial Corp. - Synovus Financial Corp. is based in Columbus, Georgia, with around $60 billion in assets, providing a wide array of financial services including commercial and consumer banking, wealth services, and capital markets [5] - As of September 30, 2025, Synovus operates 244 branches across five states: Georgia, Alabama, Florida, South Carolina, and Tennessee [5]

PresentationUnknown Analyst Awesome. Well, up next, we have the Pinnacle and Synovus team joining us for the fifth or sixth time for some of us, while others, it's joining us for the first time. I think it's safe to say this group has probably had the busiest year of any company here announcing their Transformational Merger of Equals in July and they recently received regulatory approval and on target to close early next year. Once the deal closes, Kevin Blair will be the CEO of the combined company. Kevin ...

Pinnacle Financial Partners Conference Summary Company Overview - **Company**: Pinnacle Financial Partners (NasdaqGS: PNFP) - **Event**: Conference Call on December 09, 2025 - **Key Event**: Announcement of a transformational merger of equals with Synovus, expected to close early next year after receiving regulatory approval [1][4][5] Core Points and Arguments Merger Strategy - The merger is positioned as a unique opportunity, with a focus on maintaining the Pinnacle brand and model, contrasting with past merger failures in the industry [5][6] - Concerns about value destruction similar to previous mergers (e.g., Truist) have been addressed by establishing a long-term CEO and a clear go-to-market strategy [4][6][7] - The merger will leverage the scalable FIS platform used by Synovus, minimizing risks associated with system changes [7] Market Overlap and Cultural Integration - Only 11 overlapping markets identified, representing about 6% of pro forma deposits, reducing execution risk [8][10] - Cultural integration is emphasized, with both companies aiming to create a best place to work and maintain high employee engagement scores (Pinnacle at 93%, Synovus at 89%) [10][11] Growth Projections - Projected loan and deposit growth for 2026 is set at 9%-11%, with Pinnacle's historical growth rate at 12% and Synovus at around 3% [21][22] - Growth will be driven by hiring additional revenue producers and leveraging existing specialties from both companies [22][23] Revenue Synergies - Expected revenue synergies of $100-$130 million over two to three years, with contributions from both legacy companies [35] - Focus on integrating products and capabilities from both banks to enhance service offerings and client relationships [34][35] Hiring Strategy - Plans to hire approximately 500 incremental employees over the next two years, focusing on experienced bankers with established relationships [36][38] - Continuous recruitment methodology will be employed to ensure a steady influx of talent [38][40] Capital Management - Targeting a CET1 ratio of over 10% post-merger, with a focus on growth rather than share repurchases [87][93] - The company aims to generate capital through growth initiatives, with dividends expected to be lower than historical levels [95] Important but Overlooked Content - The merger is framed as a strategic move to build a bank with scale while maintaining a strong corporate culture and client focus, contrasting with larger banks that have lower net promoter scores [66][68] - The leadership emphasizes the importance of maintaining a unique client experience and employee satisfaction to prevent high attrition rates post-merger [62][74] - The potential liquidity event for BHG, a significant investment, is acknowledged, with plans to replace any lost revenue through strategic partnerships and capital allocation [121][123] Conclusion - Pinnacle Financial Partners is positioned for significant growth post-merger, with a strong focus on cultural integration, strategic hiring, and maintaining a client-centric approach. The leadership is optimistic about the future, aiming to become the fastest-growing regional bank with high profitability and efficiency by 2027 [127][128]