Nov 12, 2025 11:01 AM Eastern Standard Time Synovus to present at Goldman Sachs 2025 US Financial Services Conference Share COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair will participate in a joint fireside chat with Pinnacle Financial Partners President and CEO Terry Turner at the Goldman Sachs 2025 U.S. Financial Services Conference on Tuesday, Dec. 9, at 11:20 a.m. ET. Mr. Blair and Mr. Turner are expected to discuss the pending merger between ...

Nov 12, 2025 11:00 AM Eastern Standard Time Pinnacle and Synovus to Hold Fireside Chat at Goldman Sachs 2025 U.S. Financial Services Conference Share NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners (Nasdaq/NGS: PNFP) President and CEO Terry Turner and Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair will participate in a joint fireside chat at the Goldman Sachs 2025 U.S. Financial Services Conference on Tuesday, Dec. 9 at 11:20 a.m. ET. They are expected to discuss ...

Core Viewpoint - Pinnacle Financial Partners and Synovus Financial announced an all-stock transaction to combine, creating a regional bank with a focus on high-growth markets in the Southeast, with combined assets of $116 billion [1]. Group 1: Company Overview - Pinnacle Financial Partners was founded in 2000, with Terry Turner serving as President and CEO since its inception [2]. - Synovus Financial's leadership includes Kevin Blair, who became CEO and President in 2021 and Chairman in 2023, having held various roles since joining in 2016 [2]. Group 2: Financial Projections - The combined entity is expected to achieve top quartile revenue and net income growth, along with the best efficiency ratio among its peers by 2027 [1].

PresentationUnknown Analyst Great. Good afternoon. Next up, we're very happy to have Pinnacle Financial Partners, as well as Synovus Financial with us this afternoon, as most know in July. Both banks announced an agreement to combine in an all-stock transaction creating a high-performing regional bank focused on the fastest-growing markets in the Southeast. Combined assets at that point, $116 billion. On a pro forma basis, the company is expected to generate top quartile revenue and net income growth and t ...

Summary of Synovus Financial and Pinnacle Financial Partners Conference Call Industry and Companies Involved - **Industry**: Banking and Financial Services - **Companies**: Synovus Financial (NYSE: SNV) and Pinnacle Financial Partners Key Points and Arguments Merger Announcement and Shareholder Support - In July, Synovus and Pinnacle announced a merger agreement in an all-stock transaction, creating a regional bank with combined assets of $116 billion [1][4] - Shareholder meetings showed strong support, with approximately 79% of votes cast at Pinnacle and 93% in favor, while Synovus had around 75%-76% votes with 69%-70% affirmative [3][4] Employee and Client Retention - Both companies reported a 95% retention rate for employees since the merger announcement, indicating stability and confidence among staff [5][6] - The merger has attracted new revenue producers, with both sides successfully hiring despite the merger discussions [6][9] Merger Strategy and Organizational Structure - The merger is expected to succeed due to minimal market overlap (only 6% of pro forma deposits) and both companies being high-performing [10][11] - A commitment to transparency and early communication about organizational structure has been made to reduce uncertainty and turnover [12][13] Operational Conversion and Growth Targets - The operational conversion is scheduled for March 2027, with a focus on ensuring service quality during the transition [33][34] - Pro forma annualized balance sheet growth is targeted at high single digits to low double digits, leveraging the strengths of both companies [39][40] Cost and Revenue Synergies - Expected cost synergies amount to $250 million, with 50% realized in 2026 and 75% by 2027 [41][42] - Revenue synergies are projected to be between $100 million and $130 million over the next several years, driven by core revenue growth and full utilization of both companies' capabilities [43][44] Capital Management and Stock Repurchase - The company anticipates having sufficient capital to support growth and potentially repurchase stock, with a CET1 ratio estimated at 10.1% at the close of the merger [46][47] Regulatory Environment and Compliance - The tone of regulatory discussions has been constructive, with both companies having strong track records in risk management and community development [79][80] - Compliance with enhanced prudential standards will require significant investment, estimated at $35 million in run rate and $45 million in upfront costs [71][72] Market Sentiment and Execution - There is skepticism in the market regarding the merger, with a focus on execution as the key to proving the merger's value [68][76] - The leadership emphasizes the importance of delivering results in the upcoming quarters to build confidence among investors [77][78] Additional Important Insights - The merger is seen as a "prove it story," with both companies committed to demonstrating their ability to execute the merger successfully [76] - The integration of BHG (Bankers Healthcare Group) is viewed positively, with expectations for sustainable contributions to revenue [80][81] This summary encapsulates the key discussions and insights from the conference call, highlighting the strategic direction and expectations for the combined entity of Synovus and Pinnacle.

Nov 6, 2025 10:30 AM Eastern Standard Time Pinnacle and Synovus Shareholders Vote in Favor of Combining Firms Share NASHVILLE, Tenn. & COLUMBUS, Ga.--(BUSINESS WIRE)--At separate meetings held today, shareholders ofPinnacle Financial Partners (Nasdaq/NGS: PNFP) and Synovus Financial Corp. (NYSE: SNV) approved the proposed merger of the two firms. At the Synovus special meeting, preliminary results showed approximately 91.5 percent of the votes cast were in favor of the combination, representing approximatel ...

Synovus Financial (NYSE:SNV) 2025 Extraordinary General Meeting November 06, 2025 09:00 AM ET Speaker1Good morning, ladies and gentlemen. I would like to welcome you to the special meeting of the shareholders of Synovus Financial Corporation. My name is Kevin Blair, and I'm the Chairman, Chief Executive Officer, and President of Synovus. On behalf of the Board of Directors and the Executive Management Team, thank you for attending today's meeting. This special meeting has been called to consider and vote up ...

Financial Performance - Synovus Financial Corp. reported significant financial performance trends for the three and nine months ended September 30, 2025, compared to the same periods in 2024[164]. - Net income available to common shareholders for Q3 2025 was $185.6 million, or $1.33 per diluted share, up from $169.6 million, or $1.18 per diluted share, in Q3 2024[169]. - Net interest income for the nine months ended September 30, 2025, was $1.39 billion, an increase of $94.1 million, or 7%, compared to the same period in 2024[170]. - Non-interest revenue for Q3 2025 was $140.7 million, up $16.7 million, or 13%, compared to the prior year, driven by higher core banking fees and capital markets income[171]. - Non-interest expense for Q3 2025 was $348.7 million, an increase of $35.0 million, or 11%, including $23.8 million in merger-related expenses[172]. - The company expects adjusted revenue growth of approximately 6.5% and adjusted non-interest expense growth of approximately 2.5% for the upcoming year[183]. - Adjusted net income available to common shareholders for the three months ended September 30, 2025, was $203.9 million, compared to $177.1 million for the same period in 2024, reflecting a year-over-year increase of 15.2%[288]. - Adjusted net income available to common shareholders for the nine months ended September 30, 2025, was $594,684,000, up from $462,709,000 in 2024, reflecting a growth of 28.5%[290]. Loan and Deposit Trends - Loans, net of deferred fees and costs, increased to $43.75 billion, up $1.14 billion from December 31, 2024, primarily due to growth in C&I loans[173]. - Total period-end deposits decreased by $1.09 billion compared to December 31, 2024, primarily due to a decline in core deposits[175]. - Total loans increased to $43.75 billion at September 30, 2025, compared to $42.61 billion at December 31, 2024[234]. - Total period-end deposits as of September 30, 2025, were $50.00 billion, down $1.09 billion, or 2%, from December 31, 2024, primarily due to a $1.24 billion decrease in core deposits[204]. - Core deposits as of September 30, 2025, were $44.98 billion, representing 89.9% of total deposits, down from $46.22 billion, or 90.5%, as of December 31, 2024[204]. Capital and Asset Quality - CET1 capital ratio improved to 11.22% as of September 30, 2025, up 38 bps from December 31, 2024[176]. - The allowance for loan losses (ALL) was $469.5 million at September 30, 2025, a decrease from $486.8 million at December 31, 2024[239]. - Non-performing assets (NPAs) decreased by $77.8 million, or 25%, to $231.7 million at September 30, 2025, primarily due to the resolution of non-performing loan relationships[234]. - Criticized and classified loans decreased by $201.6 million to $1.48 billion at September 30, 2025, compared to December 31, 2024, due to upward migration and paydowns of commercial credits[236]. - The provision for credit losses was $21.7 million for the three months ended September 30, 2025, down from $23.4 million in the same period in 2024, reflecting improved performance[238]. Mergers and Strategic Initiatives - The company is focused on strategic initiatives, including the integration of Pinnacle's operations following a pending merger, which may lead to cost savings and synergies[159]. - The pending merger with Pinnacle Financial Partners is expected to close in Q1 2026, with integration planning actively underway[181]. - Synovus is exploring acquisition opportunities to support its growth strategy, although successful execution may depend on favorable terms and market conditions[160]. - Merger-related expenses for the three months ended September 30, 2025, amounted to $23,757,000, with no expenses recorded in the same period of 2024[290]. Market and Economic Conditions - Synovus anticipates potential challenges from economic downturns, including inflation and interest rate fluctuations, which could impact capital and credit quality[160]. - The company is facing competition from nontraditional banking institutions, which may affect its market position and profitability[160]. - Synovus is actively managing liquidity risks and capital resources to ensure operational stability amid regulatory scrutiny and market conditions[160]. Employee and Operational Metrics - The company emphasizes the importance of attracting and retaining key employees to support its strategic initiatives[160]. - The total headcount as of September 30, 2025, was 4,923, an increase of 117 employees, or 2%, compared to the same date in 2024[221]. - Salaries and other personnel expenses increased by 7% year-over-year for Q3 2025, totaling $197.31 million, driven by headcount additions and merit increases[219][221].

Group 1 - The P/E ratio is a measure of the current share price relative to the company's earnings per share (EPS), used by long-term investors to assess performance against historical data and industry benchmarks like the S&P 500 [4] - A higher P/E ratio suggests that investors expect better future performance, potentially indicating overvaluation, while a lower P/E may imply undervaluation or lack of growth expectations [4][8] Group 2 - Synovus Financial Inc. has a P/E ratio of 8.63, which is lower than the aggregate P/E ratio of 12.15 in the Banks industry, leading to potential concerns about its performance relative to peers [5] - The lower P/E ratio could indicate that shareholders might expect worse performance compared to industry peers, or it may suggest that the stock is undervalued [5] Group 3 - The P/E ratio is a useful metric for market performance analysis but has limitations; it should not be used in isolation as other factors like industry trends and business cycles also affect stock prices [8] - Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analyses for informed investment decisions [8]

Core Viewpoint - Synovus Financial Inc. is currently experiencing a stock price of $45.89, reflecting a 1.30% increase in the current market session, but has seen a decline of 7.83% over the past month and 6.52% over the past year, raising questions about its valuation despite current performance [1]. Group 1: Stock Performance - The current stock price of Synovus Financial Inc. is $45.89, with a recent increase of 1.30% [1]. - Over the past month, the stock has decreased by 7.83% [1]. - In the past year, the stock has declined by 6.52% [1]. Group 2: P/E Ratio Analysis - The P/E ratio is a critical metric for long-term shareholders to evaluate market performance against historical earnings and industry standards [5]. - Synovus Financial Inc. has a P/E ratio of 8.48, which is significantly lower than the aggregate P/E ratio of 12.01 for the Banks industry [6]. - A lower P/E ratio may suggest that shareholders expect the stock to perform worse than its peers or indicate potential undervaluation [6]. Group 3: Investment Considerations - While a low P/E ratio can indicate undervaluation, it may also reflect weak growth prospects or financial instability [9]. - The P/E ratio should be considered alongside other financial metrics, industry trends, and qualitative factors for a comprehensive analysis [9].