PINNACLE FINANCIAL PARTNERS (PNFP) Company Report

Pinnacle Financial Partners and Synovus Financial Corp. received regulatory approval for their transformational merger of equals in 124 days and are on target to close early next year, with Kevin Blair becoming CEO and Terry Turner becoming Chairman of the combined company.
The combined entity will operate under the Pinnacle brand and model, targeting 9%-11% loan and deposit growth for 2026.
The merger is expected to generate $100-$130 million in revenue synergies over two to three years and aims for a normalized Net Interest Margin (NIM) of approximately 3.50%.
The company expects to close with a CET1 ratio near 10%, targeting 10.5%, and plans to generate about 35 basis points of CET1 every quarter after dividends, prioritizing growth over share repurchases.

Dec 9, 2025, 4:20 PM

Transcript

Pinnacle and Synovus Discuss Merger Progress and Future Outlook

PNFP

M&A

Guidance Update

Hiring

The Pinnacle and Synovus merger of equals has received regulatory approval and is on target to close early next year, with Kevin Blair as CEO and Terry Turner as Chairman of the combined company.
Management addressed concerns about value destruction in MOEs by committing to the Pinnacle model, retaining the Pinnacle brand, and establishing a clear long-term CEO, aiming to accelerate execution.
The combined entity targets 9%-11% loan and deposit growth for 2026 and expects $100-$130 million in revenue synergies over two to three years, driven by an accelerated hiring model and leveraging specialized products.
The company anticipates close to 10% CET1 at closing, with a target of 10.5%, and plans to prioritize capital for growth rather than extensive share repurchases.

Dec 9, 2025, 4:20 PM

Transcript

Pinnacle and Synovus Discuss Merger Progress, Growth Targets, and Capital Allocation

PNFP

M&A

Guidance Update

Hiring

The merger of equals between Pinnacle and Synovus has received regulatory approval and is on track to close early next year, with Kevin Blair becoming CEO and Terry Turner becoming chairman of the combined company.
The combined entity will adopt the Pinnacle model and brand and leverage the FIS platform for integration, aiming for 9%-11% loan and deposit growth in 2026.
The company anticipates $100-$130 million in revenue synergies over two to three years and plans to add almost 500 incremental employees over the next two years to drive growth.
The combined company expects to close with nearly 10% CET1, targeting 10.5% over time, and will prioritize capital for growth, generating approximately 35 basis points of CET1 quarterly after dividends.

Dec 9, 2025, 4:20 PM

Transcript

Pinnacle Financial Partners Provides 2025 Outlook and Synovus Transaction Details Ahead of Goldman Sachs Conference

PNFP

M&A

Guidance Update

Pinnacle Financial Partners is scheduled to present at the Goldman Sachs 2025 US Financial Services Conference on December 9, 2025, at 11:20 a.m. ET.
The company provided an update on its Fourth Quarter 2025 and 2025 Outlook, projecting year-over-year EOP loan growth of 9-10% and EOP deposit growth of 8-10% for 2025.
For 2025, net interest income is expected to approximate 13-14% year-over-year growth, with 4Q25 net interest margin increasing modestly over 3Q25.
Details were provided on a proposed transaction with Synovus Financial Corp., outlining 2026 pro forma targets including 9-11% period-end loan growth and core deposit growth, and estimated revenue synergies of $100 million to $130 million.

Dec 8, 2025, 12:16 PM

8-K

Pinnacle Financial Partners and Synovus Announce Combined Company Board and Leadership

PNFP

M&A

Board Change

Management Change

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.

Dec 1, 2025, 9:30 PM

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

Earnings Transcripts

Quarterly earnings call transcripts for PINNACLE FINANCIAL PARTNERS.

Q3 2025

Oct 16, 2025

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Q2 2025

Jul 16, 2025

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Q1 2025

Apr 15, 2025

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View All Transcripts

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