Transaction Overview - CVBF will acquire Heritage Commerce in a 100% stock transaction with a fixed exchange ratio of 0.6500x CVBF shares for each HTBK share[29] - The deal is valued at $811 million, or $1300 per Heritage Commerce share[29] - Pro forma ownership will be approximately 77% CVBF and 23% Heritage Commerce[29] Financial Impact - The acquisition is expected to result in 132% EPS accretion for CVBF by 2027E[29, 45] - The transaction is expected to cause a (77%) tangible book value per share dilution, with an earnback period of 25 years[11, 29, 43] - The deal is projected to yield a 150% ROAA and 168% ROATCE by 2027E[11] Strategic Rationale - The merger will expand CVBF's presence into the desirable Bay Area markets[1, 11] - Heritage Commerce is the 2 mid-sized bank in the Bay Area by deposits, with $48 billion[19] - The combined bank will become the 5 mid-sized bank in California[19] Key Assumptions - The deal includes estimated cost savings of 35% of Heritage Commerce's 2027E operating noninterest expense, which is approximately $43 million[31] - One-time expenses are estimated at approximately $75 million pre-tax[31]

Merger with Heritage Commerce California's Top Performing Business Bank Expands into the Bay Area cbbank.com Forward Looking Statements CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This communication may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the proposed transaction (including statements about the future financial and operating results and impact on CVBF's earnings and tangible ...

NASHVILLE, Tenn. & ATLANTA--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. today announced that once merged with Synovus in January 2026, the newly combined firm will release fourth quarter 2025 financial results for both Pinnacle Financial Partners (Nasdaq/NGS: PNFP) and Synovus Financial Corp. (NYSE: SNV) on Wednesday, Jan. 21, 2026, after market close. Leaders will also host a live webcast on Thursday, Jan. 22, at 8:30 a.m. ET to review financial results, business outlook for the newly combined firm ...

Key Takeaways COLB stock rose 32.6% in six months, outpacing peers after strong Q3 results and a major acquisition.The Pacific Premier deal boosted NIM, with Q4 and Q1 NIM guided to stay just above 3.90%.COLB targets $127M in annual cost savings, with $48M already realized and more synergies ahead.Columbia Banking (COLB) stock has risen 32.6% in the past six months on the back of robust quarterly performance, the Pacific Premier acquisition (completed in August) and favorable changes to the operating backdr ...

Key Takeaways COLB completed its Pacific Premier merger, expanding to 350 branches and $67.5B in total assets.Improved deposit mix and pricing discipline boosted COLB's NIM to 3.84% in 3Q25, with more gains seen ahead.Fee income diversification and $127M in targeted cost saves frame COLB's 2026 profitability strategy.Margin, cost, capital and fee income set the tone for Columbia Banking System’s (COLB) 2026 plan following the Pacific Premier deal completion in August. The company’s Western scale, healthier ...

Core Viewpoint - Synovus Financial Corp. has declared quarterly dividends for its common stock and preferred stock, reflecting its ongoing commitment to returning value to shareholders [1][2]. Group 1: Quarterly Dividends - The company declared a dividend of $0.39 per share on its common stock, payable on December 24, 2025, to shareholders of record as of December 18, 2025 [2]. - A dividend of $0.48193 per share on the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, is payable on December 22, 2025, to shareholders of record as of December 15, 2025 [2]. - The Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, will have a dividend of $0.52481 per share, payable on January 2, 2026, to shareholders of record as of December 15, 2025 [2]. Group 2: Company Overview - Synovus Financial Corp. is based in Columbus, Georgia, and has approximately $60 billion in assets, providing a range of financial services including commercial and consumer banking [1]. - The company operates branches in Georgia, Alabama, Florida, South Carolina, and Tennessee, and is recognized as a Great Place to Work-Certified Company [1].

Core Viewpoint - Bank First Corporation reported strong financial performance for the third quarter of 2025, with net income increasing to $18.0 million, or $1.83 per share, compared to $16.6 million, or $1.65 per share, in the same quarter of the previous year [1][7]. Financial Performance - For the nine months ended September 30, 2025, net income was $53.1 million, or $5.36 per share, up from $48.0 million, or $4.75 per share, for the same period in 2024 [1]. - Adjusted net income (non-GAAP) for the third quarter of 2025 was $18.8 million, or $1.91 per share, compared to $16.5 million, or $1.65 per share, in the prior-year third quarter [1]. - The annualized return on average assets was 1.64% for the third quarter of 2025 and 1.61% for the nine months ended September 30, 2025 [7]. Revenue and Expenses - Net interest income (NII) for the third quarter of 2025 was $38.3 million, an increase of $1.6 million from the previous quarter and $2.4 million from the third quarter of 2024 [3]. - Noninterest income was $6.0 million for the third quarter of 2025, compared to $4.9 million for both the prior quarter and the third quarter of 2024 [6]. - Noninterest expense totaled $21.1 million in the third quarter of 2025, up from $20.8 million in the prior quarter and $20.1 million in the third quarter of 2024 [9]. Loan and Deposit Growth - Total loans were $3.63 billion at September 30, 2025, up $112.5 million from December 31, 2024, and up $158.7 million from September 30, 2024, with an annualized growth rate of 5.5% during the third quarter of 2025 [10]. - Total deposits were $3.54 billion at September 30, 2025, down $122.3 million from seasonal highs at December 31, 2024, but up $54.0 million from September 30, 2024 [11]. Asset Quality - Nonperforming assets remained negligible at $13.9 million at September 30, 2025, with nonperforming assets to total assets at 0.31% [12]. Capital Position - Stockholders' equity totaled $628.1 million at September 30, 2025, a decrease of $11.6 million from the end of 2024 [13]. - The book value per common share was $63.87 at September 30, 2025, compared to $63.89 at December 31, 2024 [13]. Dividend Declaration - The Board of Directors approved a quarterly cash dividend of $0.45 per common share, payable on January 7, 2026 [14].

Core Viewpoint - Synovus Financial Corp. is set to discuss its pending merger with Pinnacle Financial Partners during a fireside chat at the BancAnalysts Association of Boston Conference on November 6, 2025 [1] Company Overview - Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $61 billion in assets [3] - The company offers a range of services including commercial and consumer banking, wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, and international banking [3] - Synovus operates branches in Georgia, Alabama, Florida, South Carolina, and Tennessee [3] - The company is recognized as a Great Place to Work-Certified Company [3]

Business Overview - Altitude is now open for business, offering services to businesses in 150+ countries [1] - The company provides access to USD/EUR accounts [1] - Altitude offers a 5% APY (Annual Percentage Yield) [1] Services Offered - Cross-border payment solutions are available [1] - Treasury management services are provided [1]