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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 ...
The Mather Group partners with Napa Wealth Management
Yahoo Finance· 2025-11-17 11:25
The Mather Group (TMG), a wealth management firm serving individuals and families in the US, has announced a wealth management partnership in Northern California with Napa Wealth Management (NWM), a registered investment advisor based in Napa Valley. NWM has just under $300m in assets under management. This partnership strengthens TMG’s presence in Northern California and expands its ability to serve business owners and families with sophisticated planning and advisory requirements in the region. Accord ...
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]
2 Volatile Stocks to Research Further and 1 We Turn Down
Yahoo Finance· 2025-11-07 04:39
Core Viewpoint - The article discusses two volatile stocks that may offer significant gains and one stock that is recommended for sale, highlighting the importance of careful investment choices in a fluctuating market. Group 1: Stock to Sell - Winnebago (WGO) is identified as a stock to sell, trading at $36.02 per share with a forward P/E of 15.3x [2][4] - The company has a rolling one-year beta of 1.12, indicating moderate volatility [2] Group 2: Stocks to Watch UMB Financial (UMBF) - UMB Financial is a financial holding company with a rolling one-year beta of 1.19, providing various banking and asset management services [5] - The stock trades at $109.20 per share with a forward P/B of 1.1x [7] Pinnacle Financial Partners (PNFP) - Pinnacle Financial Partners has a rolling one-year beta of 1.47 and focuses on delivering big-bank capabilities with community bank personalization [8] - The company has shown impressive annual net interest income growth of 20.1% over the last five years, indicating market share gains [9] - Earnings per share grew by 16.3% annually over the last two years, significantly outperforming peers [9] - The balance sheet strength has improved, with a tangible book value per share growth of 11.6% annually over the last five years [11]
Pinnacle and Synovus Shareholders Vote in Favor of Combining Firms
Businesswire· 2025-11-06 15:30
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 ...
Is Wall Street Bullish or Bearish on Wells Fargo Stock?
Yahoo Finance· 2025-10-30 05:09
Core Insights - Wells Fargo & Company (WFC) is focusing on streamlining operations, improving risk management, and enhancing compliance while investing in digital transformation to improve customer experience and efficiency [1] Performance Overview - WFC has outperformed the broader market over the past 52 weeks, with shares surging 31.7% compared to the S&P 500 Index's 18.1% gain [2] - Year-to-date, WFC's stock is up 22.4%, while the S&P 500 has risen 17.2% [2] - Compared to the SPDR S&P Bank ETF (KBE), which saw a 2.7% increase over the past 52 weeks and a 1.8% YTD return, WFC's performance is significantly stronger [3] Earnings Report - On October 14, WFC's shares rose 7.2% following a strong Q3 earnings release, with total revenue increasing 5.3% year-over-year to $21.4 billion, exceeding consensus estimates by 1.2% [4] - The company's EPS for the quarter was $1.66, reflecting a 16.9% increase from the previous year and surpassing analyst expectations [4] Future Projections - Analysts project WFC's EPS to grow 11.4% year-over-year to $6.15 for the current fiscal year ending in December [5] - WFC has a strong earnings surprise history, having exceeded consensus estimates in each of the last four quarters [5] Analyst Ratings - Among 27 analysts covering WFC, the consensus rating is a "Moderate Buy," consisting of 14 "Strong Buy," four "Moderate Buy," and nine "Hold" ratings [5] - Gerard Cassidy from RBC Capital maintained a "Buy" rating on WFC with a price target of $88, indicating a 2.3% potential upside [6] - The mean price target of $95.06 suggests a 10.5% premium from current levels, while the highest price target of $110 indicates a potential upside of 27.9% [6]
Wells Fargo Expects Stronger Profitability at Bank of America (BAC), Raises Price Target to $62
Yahoo Finance· 2025-10-30 02:13
Core Insights - Bank of America Corporation (NYSE:BAC) is recognized as one of the 13 most undervalued dividend stocks to buy according to Wall Street analysts [1] - Wells Fargo has raised its price target for Bank of America from $60 to $62, maintaining an Overweight rating, indicating expectations of stronger profitability [2][3] - The bank is expected to announce a new return on tangible common equity (ROTCE) target of 16% to 18% at its upcoming investor day on November 5, showcasing confidence in its operational capabilities [3] Dividend Information - On October 23, Bank of America declared a quarterly dividend of $0.28 per share, consistent with previous payouts, marking 11 consecutive years of dividend increases [4] - As of October 29, the stock has a dividend yield of 2.13% [4]
Wells Fargo & Company Announces Common Stock Dividend
Businesswire· 2025-10-28 18:00
Core Points - Wells Fargo & Company announced a quarterly common stock dividend of $0.45 per share, payable on December 1, 2025, to stockholders of record on November 7, 2025 [1] Company Overview - Wells Fargo & Company is a leading financial services company with approximately $2.1 trillion in assets, offering a diversified set of banking, investment, and mortgage products and services [2] - The company operates through four reportable segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management [2] - Wells Fargo ranked No. 33 on Fortune's 2025 list of America's largest corporations [2] Philanthropic Initiatives - Wells Fargo is investing $6.8 million in South Dallas for neighborhood revitalization and economic growth, focusing on small business development, affordable housing, and job creation [5] Recent Developments - The company celebrated the grand opening of its new corporate campus in the Las Colinas neighborhood of Irving, Texas, which will house approximately 4,500 employees [6]