PINNACLE FINANCIAL PARTNERS (PNFP) Company Report

Pinnacle Financial Partners and Synovus Financial Corp. announced the anticipated board of directors for their combined company, which will retain the name Pinnacle Financial Partners.
The merger received shareholder approval on November 6 and federal and state bank regulatory approvals on November 25 and 26, respectively, and is expected to close on January 1, 2026.
The combined company's board will consist of 15 directors, with eight from Pinnacle and seven from Synovus, including six independent directors from each company.
M. Terry Turner (Pinnacle's current President and CEO) will serve as non-executive chair, Kevin S. Blair (Synovus) will be the President and CEO, and Tim E. Bentsen (Synovus director) will serve as lead director.

3 days ago

8-K

Pinnacle Financial Partners and Synovus Financial Corp. Receive Regulatory Approval for Merger

PNFP

M&A

Management Change

Pinnacle Financial Partners and Synovus Financial Corp. have received federal bank regulatory approval from the Board of Governors of the Federal Reserve System for their proposed combination.
Shareholders of both companies approved the merger on November 6, 2025, and the merger is anticipated to close on January 1, 2026, subject to customary closing conditions.
The combined firm is expected to have $116 billion in assets.
Kevin Blair, current Synovus CEO, will serve as president and CEO of the combined company, while Terry Turner, current Pinnacle President and CEO, will be chairman of the board for post-close Pinnacle.
Full system and brand conversions are expected to take place in the first half of 2027.

Nov 26, 2025, 9:16 PM

8-K

Pinnacle Financial Partners and Synovus Shareholders Approve Merger

PNFP

M&A

Proxy Vote Outcomes

Pinnacle Financial Partners (PNFP) and Synovus Financial Corp. (SNV) shareholders approved their proposed merger on November 6, 2025.
Pinnacle shareholders voted 92.2% in favor of the combination, representing 73.2% of total outstanding shares entitled to vote as of September 26, 2025.
The merger is expected to close in the first quarter of 2026.
An advisory proposal for Merger-related executive compensation for Pinnacle's named executive officers was not approved by shareholders.

Nov 6, 2025, 8:30 PM

8-K

Pinnacle and Synovus Shareholders Approve Merger

PNFP

M&A

Proxy Vote Outcomes

CEO Change

Shareholders of Pinnacle Financial Partners and Synovus Financial Corp. have approved the proposed merger of the two firms.
Approximately 92.2 percent of votes cast by Pinnacle shareholders and 91.5 percent of votes cast by Synovus shareholders were in favor of the combination.
The merger is expected to close in the first quarter of 2026, following regulatory approvals and other customary closing conditions.
Kevin Blair, current Synovus CEO, will become the CEO of the post-merger Pinnacle Financial Partners, and Terry Turner, current Pinnacle President and CEO, will serve as chairman of the board.

Nov 6, 2025, 3:30 PM

Press Release

Pinnacle Financial Partners Reports Strong Q3 2025 Results and Updates 2025 Guidance

PNFP

Earnings

Guidance Update

M&A

Pinnacle Financial Partners reported strong Q3 2025 performance, with linked quarter annualized growth rates of 14.5% for non-interest-bearing deposits, 10.6% for core deposits, 8.9% for loans, 31.5% for revenue, and 54% for adjusted EPS.
The company updated its 2025 outlook, projecting end-of-period loan growth of 9% to 10% and total end-of-period deposit growth of 8% to 10%. Net interest income growth is now expected to be 13% to 14% over 2024, and non-interest income growth is anticipated at 20% to 22%.
BHG's earnings growth for 2025 is estimated at 85% to 90% over 2024 results, with a Q4 contribution of approximately $30 million to non-interest income.
The merger with Synovus Financial Corp. is progressing towards an anticipated Q1 2026 close, with a special shareholder meeting scheduled for November 6th.
Pinnacle maintains strong operational momentum, including consistent hiring and an associate retention rate of 93% over the last 12 months.

Oct 16, 2025, 1:30 PM

Transcript

Pinnacle Financial Partners Reports Strong Q3 2025 Results and Raises 2025 Guidance

PNFP

Earnings

Guidance Update

M&A

Pinnacle Financial Partners reported strong Q3 2025 performance, with linked quarter annualized growth rates of 14.5% for non-interest bearing deposits, 10.6% for core deposits, 8.9% for loans, 31.5% for revenue, and 54% for adjusted EPS.
The company updated its 2025 outlook, increasing estimated end-of-period loan growth to 9% to 10% and total end-of-period deposit growth to 8% to 10%.
Net interest income growth for 2025 is now projected to be in the range of 13% to 14% over 2024 results, and non-interest income guidance was increased to 20% to 22% growth this year.
Pinnacle's net interest margin (NIM) increased by 3 basis points to 3.26% in Q3 2025 and is expected to continue increasing with anticipated Fed rate cuts in October and December.
The merger with Synovus is progressing towards an anticipated first-quarter close, with a special shareholder meeting scheduled for November 6.

Oct 16, 2025, 1:30 PM

Transcript

Pinnacle and Synovus Name Banking Leaders Amid Merger Preparations

PNFP

M&A

Management Change

Pinnacle Financial Partners and Synovus Financial Corp. have named banking leaders for local markets and specialties, marking a significant step in integrating the two firms following their planned merger.
These newly appointed leaders will report to Chief Banking Officer Rob McCabe, and Kevin Blair is slated to become president and CEO of Pinnacle after the merger closes.
The merger is anticipated to close in the first quarter of 2026, pending shareholder and regulatory approval, with shareholder meetings scheduled for November 6 to vote on the proposal.

Oct 16, 2025, 11:00 AM

Press Release

PNFP Reports Strong Q3 2025 Earnings and Revenue Growth

PNFP

Earnings

Revenue Acceleration/Inflection

Pinnacle Financial Partners, Inc. reported diluted earnings per common share of $2.19 for the third quarter of 2025, an increase of 17.7% compared to $1.86 in the prior year's quarter. Adjusted diluted earnings per common share for the same period was $2.27, representing a 22.0% increase year-over-year.
Total revenues for Q3 2025 reached $544.8 million, a 16.7% increase from $466.7 million in Q3 2024. This growth was driven by a 12.9% increase in net interest income to $396.9 million and a 28.4% increase in noninterest income to $147.9 million.
A significant contributor to noninterest income was the firm's investment in Banker's Healthcare Group (BHG), which generated $40.6 million in income for Q3 2025, a 148.0% increase from $16.4 million in Q3 2024.
The company's balance sheet demonstrated robust expansion, with total assets growing to $56.0 billion at September 30, 2025, marking a 10.4% year-over-year increase. Total loans reached $37.9 billion, and noninterest-bearing deposits increased by $312.2 million from the previous quarter.
Profitability ratios showed improvement, with the net interest margin expanding to 3.26% in Q3 2025 from 3.22% in Q3 2024, and return on average tangible common equity rising to 14.49% from 13.61%.

Oct 15, 2025, 9:49 PM

8-K

Pinnacle Financial Partners Reports Strong Q3 2025 Earnings and Merger Progress

PNFP

Earnings

M&A

Revenue Acceleration/Inflection

Pinnacle Financial Partners (PNFP) reported diluted EPS of $2.19 for Q3 2025, or $2.27 excluding merger-related expenses, an increase of 17.7% and 22.0% respectively, compared to Q3 2024.
Total revenues for Q3 2025 increased by 16.7% year-over-year to $544.8 million, driven by a 12.9% rise in net interest income and an expanded net interest margin of 3.26%.
The company demonstrated significant balance sheet growth, with total assets reaching $56.0 billion (up 10.4% year-over-year) and loans growing 10.6% year-over-year to $37.93 billion at September 30, 2025. Core deposits also saw a 10.6% linked-quarter annualized increase.
PNFP is making strong progress on its merger with Synovus, with regulatory applications filed and an expected close in early Q1 2026, anticipating $250 million in fully phased-in cost savings.
Adjusted pre-tax, pre-provision net revenues (PPNR) rose 20.3% year-over-year to $249.5 million for Q3 2025, with a Return on Average Assets (ROAA) of 1.22% and Return on Average Tangible Common Equity (TCE) of 14.49%.

Oct 15, 2025, 9:45 PM

Press Release

Pinnacle Financial Partners Merger with Synovus Financial Corp. Announced

PNFP

M&A

Legal Proceedings

Proxy Vote Outcomes

Monteverde & Associates PC is investigating the proposed merger of Pinnacle Financial Partners (PNFP) with Synovus Financial Corp.
Under the terms of the proposed transaction, Pinnacle shareholders will receive 0.5237 Synovus shares per Pinnacle share and will own approximately 51.5% of the combined company upon closing.
The shareholder vote for this merger is scheduled for November 6, 2025.

Oct 15, 2025, 9:30 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for PINNACLE FINANCIAL PARTNERS.

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