Workflow
banking
icon
Search documents
Pinnacle and Synovus Receive Federal Bank Regulatory Approval to Combine
Businesswire· 2025-11-26 00:30
Nov 25, 2025 7:30 PM Eastern Standard Time Pinnacle and Synovus Receive Federal Bank Regulatory Approval to Combine Share Merger close anticipated for Jan. 1, 2026 NASHVILLE, Tenn. & COLUMBUS, Ga.--(BUSINESS WIRE)--The proposed combination of Pinnacle Financial Partners (Nasdaq/NGS: PNFP) and Synovus Financial Corp. (NYSE: SNV) has received regulatory approval from the Board of Governors of the Federal Reserve System. With shareholders of each company approving the merger on Nov. 6, 2025, Pinnacle and Synov ...
BofA Awards $500,000 in Grants to Tampa Museum of Art and Tampa Theatre
Prnewswire· 2025-11-24 19:00
Accessibility StatementSkip Navigation The grants will provide funding for the Tampa Museum of Art's expansion and Tampa Theatre's restoration, furthering the bank's commitment to supporting the arts TAMPA, Fla., Nov. 24, 2025 /PRNewswire/ -- Bank of America today announced a half-million-dollar investment in two of Tampa Bay's leading arts institutions, Tampa Museum of Art and Tampa Theatre. Each organization will receive a $250,000 grant, bringing the Tampa Museum of Art's expansion funding closer to comp ...
Truist Financial Reiterates Buy on Wells Fargo & Company (WFC)
Yahoo Finance· 2025-11-19 12:11
Core Insights - Wells Fargo & Company (NYSE:WFC) is currently viewed as a highly profitable stock, with recent buy ratings from analysts at Truist Financial and Barclays, the latter setting a price target of $94 [1][2] - The company's fiscal Q3 2025 results showed a 5.25% year-over-year revenue growth to $21.44 billion, exceeding estimates by $272.33 million, and an EPS of $1.73, which was $0.19 above expectations [2] - Strategic initiatives presented by CFO Mike Santomassimo at the BancAnalysts Association of Boston Conference emphasize the bank's goal for best-in-class returns and a CET1 ratio target of 10%-10.5%, currently at 11% [3] Financial Performance - Revenue growth of 5.25% year-over-year to $21.44 billion, surpassing estimates by $272.33 million [2] - EPS reported at $1.73, exceeding estimates by $0.19 [2] - Management attributes revenue growth to increased net interest income and strong fee-based income from consumer and commercial sectors [2] Strategic Initiatives - CFO Mike Santomassimo outlined the bank's aim for best-in-class returns across all business segments [3] - The bank targets a CET1 ratio of 10%-10.5%, currently at 11% [3] - Achieved $15 billion in gross savings over the past five years, allowing for increased spending on company improvements [3]
Jim Cramer Discusses American Express Hitting All Time Highs and What That Means
Yahoo Finance· 2025-11-14 16:13
Group 1 - American Express Company (NYSE:AXP) has reached an all-time high stock price, prompting discussions about raising price targets for the stock [1] - The company's recent earnings report was highlighted as exceptional, breaking a post-earnings losing streak, with strong performance in both domestic and overseas markets [2] - American Express has raised the low end of its full-year sales and earnings guidance, indicating positive growth expectations [2] Group 2 - The credit metrics for American Express are improving, with only 1.3% of card members' loans and receivables being 30 days or more past due, reflecting a healthy credit environment [2]
United Community Banks, Inc. Announces Quarterly Cash Dividend On Common Stock
Globenewswire· 2025-11-13 21:15
Core Points - United Community Banks, Inc. announced a quarterly cash dividend of $0.25 per share, payable on January 5, 2026, to shareholders of record as of December 15, 2025 [1] Company Overview - United Community Banks, Inc. is a financial holding company for United Community, ranked among the top 100 U.S. financial institutions, focusing on community building and enhancing customer financial health [2] - As of September 30, 2025, the company had $28.1 billion in assets and operated 199 offices across six states: Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee [2] - The company manages a nationally recognized SBA lending franchise and a national equipment finance subsidiary, expanding its business reach [2] - United has received multiple accolades, including being an 11-time winner of J.D. Power's award for highest customer satisfaction among consumer banks in the Southeast and being named the most trusted bank in the region in 2025 [2] - The company has been recognized for eight consecutive years by American Banker as one of the "Best Banks to Work For" and has earned five 2025 Greenwich Best Brand awards in commercial banking [2] - Forbes has consistently listed United among the World's Best and America's Best Banks [2]
Comparative Analysis of Capital Efficiency Among Financial Institutions
Financial Modeling Prep· 2025-11-13 17:00
Core Insights - UMB Financial Corporation (UMB) is a diversified financial services holding company based in Kansas City, Missouri, offering banking, asset management, and healthcare services [1] - UMB competes with other financial institutions such as Westamerica Bancorporation, United Bankshares, Commerce Bancshares, Wintrust Financial, and Trustmark Corporation, evaluated on their ability to generate returns relative to their cost of capital [1] Financial Performance - UMB has a Return on Invested Capital (ROIC) of 9.12% and a Weighted Average Cost of Capital (WACC) of 16.28%, resulting in a ROIC to WACC ratio of 0.56, indicating that UMB is generating returns lower than its cost of capital [2] - Westamerica Bancorporation has a ROIC of 1.99% and a WACC of 6.80%, leading to a ROIC to WACC ratio of 0.29, suggesting lower efficiency compared to UMB [3] - United Bankshares has a ROIC of 6.59% and a WACC of 14.68%, resulting in a ratio of 0.45, also indicating lower efficiency than UMB [3] - Commerce Bancshares matches UMB with a ROIC to WACC ratio of 0.56, with a ROIC of 4.49% and a WACC of 7.97%, suggesting similar capital efficiency [4] - Wintrust Financial Corporation has a ROIC of 10.46% and a WACC of 14.08%, resulting in the highest ROIC to WACC ratio of 0.74 among peers, indicating superior capital efficiency [4] - Trustmark Corporation has a ROIC of 6.25% and a WACC of 15.88%, leading to a ROIC to WACC ratio of 0.39, placing it below UMB in terms of capital efficiency [5] - Overall, UMB shows moderate efficiency, while Wintrust Financial leads the group, emphasizing the importance of optimizing returns relative to the cost of capital [5]
United Community Climbs 32 Spots on American Banker's 2025 Best Banks to Work For List
Prnewswire· 2025-11-13 15:31
Accessibility StatementSkip Navigation Ranked No. 50 and one of only four banks with over $25 billion in assets recognized for outstanding workplace culture GREENVILLE, S.C., Nov. 13, 2025 /PRNewswire/ -- United Community has climbed 32 spots—from No. 82 to No. 50—on American Banker's Best Banks to Work For List, marking its ninth consecutive year of recognition. American Banker partners with Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees. Co ...
Cadence Bank Named 2025 Best Bank to Work For by American Banker
Prnewswire· 2025-11-12 20:00
Core Insights - Cadence Bank has been recognized as one of American Banker's 2025 Best Banks to Work For, ranking 74th nationwide, highlighting its commitment to creating a positive workplace for employees [1][2]. Group 1: Recognition and Rankings - The recognition reflects the dedication, integrity, and collaboration of Cadence Bank's employees, emphasizing that when employees thrive, customers and communities benefit [2]. - The ranking process involved a two-step evaluation: 25% based on workplace policies and practices, and 75% based on anonymous employee surveys assessing workplace experiences [3]. Group 2: Company Overview - Cadence Bank is a regional bank with assets totaling $53 billion, operating over 390 locations across the South and Texas, offering a range of banking and financial services [4]. - The bank has received multiple accolades, including recognition as one of the nation's best employers by Forbes and U.S. News & World Report, and as one of America's Best Banks by Forbes in 2025 [4].
Pinnacle Financial Partners Is the No. 4 Best Bank to Work for in the Nation
Businesswire· 2025-11-12 18:07
Core Insights - Pinnacle Financial Partners has been recognized as the No. 4 Best Bank to Work For in the U.S. for 2025, improving from No. 5 in 2024 [1][2] - The bank is the largest in its category, with $56 billion in assets, and has consistently ranked No. 1 or No. 2 among banks with over $10 billion in assets since the rankings began [2][5] - Pinnacle has received multiple workplace awards in 2025, highlighting its commitment to employee satisfaction and corporate culture [3][11] Company Performance - Pinnacle Financial Partners operates with approximately $56 billion in assets as of September 30, 2025, making it the second-largest bank holding company headquartered in Tennessee [6] - The firm has maintained a strong presence in various urban markets across the Southeast and is recognized as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA based on 2025 deposit data from the FDIC [5][6] Awards and Recognition - Pinnacle has been featured in several prestigious lists in 2025, including: - No. 9 on FORTUNE's 2025 100 Best Companies to Work For [5] - No. 3 in FORTUNE's 2025 Best Workplaces in Financial Services and Insurance [3] - No. 4 in FORTUNE's 2025 Best Workplaces for Women, up from No. 8 in 2024 [11] - The firm has appeared on the Best Banks to Work For list for 13 consecutive years since its inception in 2013 [2][5] Employee Engagement - Pinnacle's approach to employee engagement includes a two-step evaluation process for workplace satisfaction, which involves assessing workplace practices and surveying employees [4] - The bank's leadership emphasizes the importance of creating a supportive environment where employees feel valued, which in turn enhances client service [2]
Pinnacle and Synovus to Hold Fireside Chat at Goldman Sachs 2025 U.S. Financial Services Conference
Businesswire· 2025-11-12 16:00
Core Insights - Pinnacle Financial Partners and Synovus Financial Corp. will participate in a joint fireside chat at the Goldman Sachs 2025 U.S. Financial Services Conference to discuss their pending merger [1] - Pinnacle Financial Partners is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA and has grown market share in 22 out of 27 MSAs measured [2] - Pinnacle Financial Partners has approximately $56.0 billion in assets as of September 30, 2025, and is the second-largest bank holding company headquartered in Tennessee [3] Company Overview - Pinnacle Financial Partners provides a comprehensive range of banking, investment, trust, mortgage, and insurance products and services [2] - The firm has been recognized as one of America's Best Banks to Work For for 12 consecutive years and ranked No. 9 on FORTUNE magazine's 2025 list of 100 Best Companies to Work For [2] - Pinnacle Financial Partners has been named in the top five nationwide in FORTUNE magazine's 2025 list of the Best Workplaces for Women, ranking No. 4, up from No. 8 in 2024 [6] Financial Performance - Pinnacle Financial Partners announced a cash dividend of $0.24 per share to be paid on November 28, 2025, to common shareholders of record as of November 7, 2025 [7] - The board also approved a quarterly dividend of approximately $3.8 million, or $16.88 per share, on its 6.75 percent Series B Non-Cumulative Preferred Stock [7] Shareholder Approval - Shareholders of Pinnacle Financial Partners and Synovus Financial Corp. voted in favor of the proposed merger, with approximately 91.5 percent of votes cast in favor at the Synovus special meeting [5]