Anthony Elian

Brian Martin

Catherine Mealor

Stephen Scouten

Samuel Varga

Timur Braziler

Ben Gerlinger

Benjamin Gerlinger

Jackson Singleton

Jared Shaw

Tim Mitchell

Brett Rabatin

Jared David Shaw

Michael Rose

Russell Elliott Gunther

Casey Haire

Jonathan Rau

Nicholas Holowko

Timothy Mitchell

- 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.  **[0001115055_2188096_1]** 
- 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%**.  **[0001115055_2188096_5]**  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%**.  **[0001115055_2188096_5]** **[0001115055_2188096_6]** 
- 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.  **[0001115055_2188096_6]** 
- The merger with Synovus Financial Corp. is progressing towards an anticipated **Q1 2026 close**, with a special shareholder meeting scheduled for **November 6th**.  **[0001115055_2188096_7]** 
- Pinnacle maintains strong operational momentum, including consistent hiring and an associate retention rate of **93%** over the last 12 months.  **[0001115055_2188096_3]** **[0001115055_2188096_13]**

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

- 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.  **[0001115055_2188077_2]** 
- 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%**.  **[0001115055_2188077_4]** 
- 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.  **[0001115055_2188077_4]** **[0001115055_2188077_5]** 
- 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.  **[0001115055_2188077_4]** 
- The merger with Synovus is progressing towards an anticipated **first-quarter close**, with a special shareholder meeting scheduled for **November 6**.  **[0001115055_2188077_6]**

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

- **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.  **[1115055_be6ac928d9474f29be56d4ce30417899_0]** 
- 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.  **[1115055_be6ac928d9474f29be56d4ce30417899_0]** 
- 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.  **[1115055_be6ac928d9474f29be56d4ce30417899_0]**

Pinnacle and Synovus Name Banking Leaders Amid Merger Preparations

- 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.  **[1115055_0001115055-25-000163_a3q25pnfpearningsrelease.htm:0]** 
- 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**.  **[1115055_0001115055-25-000163_a3q25pnfpearningsrelease.htm:2]** 
- 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.  **[1115055_0001115055-25-000163_a3q25pnfpearningsrelease.htm:3]** 
- 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.  **[1115055_0001115055-25-000163_a3q25pnfpearningsrelease.htm:1]** 
- 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%.  **[1115055_0001115055-25-000163_a3q25pnfpearningsrelease.htm:2]**

PNFP Reports Strong Q3 2025 Earnings and Revenue Growth

- 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.  **[1115055_610efac32b8543fc8a03a7ca8f9fa2d3_0]** 
- **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%**.  **[1115055_610efac32b8543fc8a03a7ca8f9fa2d3_3]** 
- 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.  **[1115055_610efac32b8543fc8a03a7ca8f9fa2d3_1]**  Core deposits also saw a **10.6% linked-quarter annualized increase**.  **[1115055_610efac32b8543fc8a03a7ca8f9fa2d3_1]** 
- 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**.  **[1115055_610efac32b8543fc8a03a7ca8f9fa2d3_6]** 
- **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%**.  **[1115055_610efac32b8543fc8a03a7ca8f9fa2d3_2]**

Pinnacle Financial Partners Reports Strong Q3 2025 Earnings and Merger Progress

- Monteverde & Associates PC is investigating the proposed merger of **Pinnacle Financial Partners (PNFP)** with Synovus Financial Corp.  **[1115055_cc11b937cbf5407abc31018d4fc355a5_0]** 
- 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.  **[1115055_cc11b937cbf5407abc31018d4fc355a5_0]** 
- The shareholder vote for this merger is scheduled for **November 6, 2025**.  **[1115055_cc11b937cbf5407abc31018d4fc355a5_0]**

Pinnacle Financial Partners Merger with Synovus Financial Corp. Announced

- Synovus Financial Corp. reported **diluted earnings per share of $1.33** and **adjusted diluted earnings per share of $1.46** for the third quarter of 2025, compared to $1.18 and $1.23 respectively in 3Q24.  **[1115055_92f8b62c2134435db38d93579740e3b2_0]** 
- Net interest income increased **3% sequentially** to **$474.7 million**, and non-interest revenue grew **5% sequentially** to **$140.7 million**.  **[1115055_92f8b62c2134435db38d93579740e3b2_4]** 
- The company's preliminary Common Equity Tier 1 (CET1) ratio was **11.24%** at the end of Q3 2025.  **[1115055_92f8b62c2134435db38d93579740e3b2_2]** 
- The pending merger with Pinnacle Financial Partners is expected to close in **first quarter 2026**, with a projected pro forma CET1 ratio of approximately **10.1%** at closing.  **[1115055_92f8b62c2134435db38d93579740e3b2_3]**

Synovus Financial Corp. Announces Third Quarter 2025 Earnings

- **Pinnacle Financial Partners** reported **strong third-quarter 2025 results**, with adjusted earnings per share increasing **22% year-over-year to $2.27** and revenue growing **16.7% to $544.8 million**, driven by robust loan growth and a healthy net interest margin of **3.26%**.  **[1115055_5c0b25067fa747b1816d636b738c7f97]** 
- The company is preparing for a **pending merger with Synovus**, expected to generate significant cost savings and receive regulatory approval in **early 2026**, which analysts view positively for future growth.  **[1115055_5c0b25067fa747b1816d636b738c7f97]** 
- Despite these strong fundamentals, Pinnacle's stock **declined in after-hours trading** and has **underperformed the broader market year-to-date**.  **[1115055_5c0b25067fa747b1816d636b738c7f97]** 
- Analysts generally rate Pinnacle as a **buy**, citing its attractive valuation and growth prospects amid anticipated Federal Reserve rate cuts, supported by strong associate engagement and client satisfaction.  **[1115055_5c0b25067fa747b1816d636b738c7f97]**

Pinnacle Financial Partners Reports Strong Q3 2025 Earnings and Prepares for Synovus Merger

- **Pinnacle Financial Partners (PNFP)** is involved in a **merger with Synovus Financial Corp.**.  **[1115055_3767da669a914820a6ad536da4135ef1_0]** 
- The proposed transaction includes a fixed exchange ratio of **0.5237 Synovus shares per Pinnacle share**.  **[1115055_3767da669a914820a6ad536da4135ef1_0]** 
- Upon closing, **Pinnacle shareholders will own approximately 51.5% of the combined company**.  **[1115055_3767da669a914820a6ad536da4135ef1_0]** 
- The shareholder vote for this merger is scheduled for **November 6, 2025**.  **[1115055_3767da669a914820a6ad536da4135ef1_0]** 
- Monteverde & Associates PC is investigating the transaction.  **[1115055_3767da669a914820a6ad536da4135ef1_0]**

PINNACLE FINANCIAL PARTNERS (PNFP)