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SYNOVUS FINANCIAL (SNV)

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Earnings summaries and quarterly performance for SYNOVUS FINANCIAL.

Research analysts who have asked questions during SYNOVUS FINANCIAL earnings calls.

Anthony Elian

Anthony Elian

JPMorgan

5 questions for SNV

Also covers: BANC, CMA, COLB +10 more
Catherine Mealor

Catherine Mealor

Keefe, Bruyette & Woods

5 questions for SNV

Also covers: ABCB, AUB, CADE +21 more
GT

Gary Tenner

D.A. Davidson & Co.

5 questions for SNV

Also covers: AVBH, AX, BANC +18 more
Bernard Von Gizycki

Bernard Von Gizycki

Deutsche Bank

4 questions for SNV

Also covers: CMA, FCNCA, FLG +5 more
Christopher Marinac

Christopher Marinac

Janney Montgomery Scott LLC

4 questions for SNV

Also covers: ABCB, BFST, BKU +24 more
Jon Arfstrom

Jon Arfstrom

RBC Capital Markets

4 questions for SNV

Also covers: ALLY, ASB, BFH +24 more
MR

Michael Rose

Raymond James Financial, Inc.

3 questions for SNV

Also covers: AMTB, BFST, BOKF +24 more
NH

Nicholas Holowko

UBS Group AG

3 questions for SNV

Also covers: CMA, FCNCA, FHN +5 more
CH

Casey Haire

Jefferies

2 questions for SNV

Also covers: ASB, CADE, CFR +12 more
Ebrahim Poonawala

Ebrahim Poonawala

Bank of America Securities

2 questions for SNV

Also covers: , BK, BMO +30 more
Jared David Shaw

Jared David Shaw

Barclays Capital

2 questions for SNV

Also covers: BANC, BKU, BOH +13 more
Jared Shaw

Jared Shaw

Barclays

2 questions for SNV

Also covers: ASB, BANC, BKU +19 more
MG

Manan Gosalia

Morgan Stanley

2 questions for SNV

Also covers: CADE, CFG, CFR +16 more
SS

Stephen Scouten

Piper Sandler & Co.

2 questions for SNV

Also covers: ABCB, AMTB, AUB +24 more
Timur Braziler

Timur Braziler

Wells Fargo

2 questions for SNV

Also covers: ASB, BANC, BKU +16 more
BK

Brandon King

Truist Securities

1 question for SNV

Also covers: ABCB, BANC, COLB +2 more
JM

John McDonald

Truist Securities

1 question for SNV

Also covers: BAC, C, FHN +6 more
JR

Jon Rau

Barclays

1 question for SNV

Also covers: VLY
Samuel Varga

Samuel Varga

UBS

1 question for SNV

Also covers: BPOP, COLB, EWBC +9 more

Recent press releases and 8-K filings for SNV.

Synovus Bank Issues $500 Million Subordinated Notes
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Debt Issuance
  • On December 9, 2025, Synovus Bank, a wholly-owned subsidiary of Synovus Financial Corp., issued $500 million aggregate principal amount of its 5.957% Fixed-to-Fixed Rate Subordinated Bank Notes due 2036.
  • The notes will bear an initial fixed interest rate of 5.957% per annum from December 9, 2025, to January 15, 2031, and then reset to the Five-year U.S. Treasury Rate plus 2.300% per annum until the maturity date of January 15, 2036.
  • The issuance generated net proceeds of approximately $496 million, which Synovus Bank plans to use for general corporate purposes.
  • These notes are subordinated and junior in right of payment to all existing and future Senior Debt of Synovus Bank and are not an obligation of or guaranteed by Synovus Financial Corp..
Dec 9, 2025, 9:30 PM
Synovus and Pinnacle Discuss Merger Progress, Growth Targets, and Capital Strategy
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M&A
Guidance Update
Revenue Acceleration/Inflection
  • The transformational merger between Pinnacle and Synovus has received regulatory approval and is on target to close early next year, with Kevin Blair becoming CEO and Terry Turner serving as Chairman of the combined company.
  • The combined entity targets 9%-11% loan and deposit growth for 2026, an acceleration driven by adopting Pinnacle's hiring model and leveraging specialized products.
  • The company anticipates $100-$130 million in revenue synergies over the next 2-3 years, stemming from increased banker hiring, expanded product offerings, and normalized performance across both organizations.
  • The combined company expects to have close to 10% CET1 at closing, with a long-term target of 10.5%, prioritizing capital deployment for growth over share repurchases.
  • Pinnacle's 49% stake in BHG could be subject to a liquidity event, with BHG representing approximately 6% of the combined company's revenues; any capital generated would be used to replace this earnings stream.
Dec 9, 2025, 4:20 PM
Synovus and Pinnacle Announce Combined Company Board of Directors
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M&A
Board Change
  • Synovus Financial Corp. and Pinnacle Financial Partners announced the anticipated board of directors for their combined company, which will be named Pinnacle Financial Partners.
  • The combined board will consist of fifteen 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) is expected to serve as non-executive chair, and Tim E. Bentsen (Synovus director) as lead director.
  • The merger, which received shareholder and regulatory approvals in November, is expected to close on January 1, 2026.
Dec 1, 2025, 9:30 PM
Pinnacle and Synovus Announce Merger Agreement
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M&A
  • Pinnacle Financial Partners, Inc. and Synovus Financial Corp. entered into a merger agreement on July 24, 2025, to combine into a new entity named Pinnacle Financial Partners, Inc.
  • Under the merger terms, Synovus common stockholders will receive 0.5237 shares of Newco common stock for each Synovus share.
  • The merger is accounted for as a business combination with Pinnacle as the accounting acquirer, and the presented pro forma financial information is preliminary.
  • As of September 30, 2025, the unaudited pro forma combined entity would have $117.24 billion in total assets and $95.71 billion in total deposits. For the nine months ended September 30, 2025, the unaudited pro forma combined net income attributable to shareholders is $1.15 billion, with diluted EPS of $7.35.
Dec 1, 2025, 2:11 PM
Synovus and Pinnacle Receive Regulatory Approval for Merger
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M&A
Guidance Update
CEO Change
  • Pinnacle Financial Partners and Synovus Financial Corp. have received federal bank regulatory approval to combine.
  • Shareholders of both companies approved the merger on November 6, 2025, and the transaction is anticipated to close on January 1, 2026.
  • The combined firm is projected to have $116 billion in assets.
  • Kevin Blair, Synovus CEO, will become president and CEO of the combined company, while Terry Turner, Pinnacle President and CEO, will serve as chairman of the board.
  • Full system and brand conversions for the combined entity are expected to take place in the first half of 2027.
Nov 26, 2025, 9:15 PM
Synovus to Present at Goldman Sachs Conference on Pending Merger
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M&A
  • Synovus Financial Corp. will participate in the Goldman Sachs 2025 U.S. Financial Services Conference on Tuesday, December 9, at 11:20 a.m. ET.
  • Kevin Blair, Synovus Chairman, CEO, and President, will engage in a joint fireside chat with Terry Turner, Pinnacle Financial Partners President and CEO.
  • The discussion is anticipated to cover the pending merger between Pinnacle Financial Partners and Synovus Financial Corp..
  • A live webcast and replay of the event will be available on the Synovus investor relations website.
Nov 12, 2025, 4:01 PM
Synovus and Pinnacle Shareholders Approve Merger
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M&A
Proxy Vote Outcomes
  • Shareholders of Synovus Financial Corp. and Pinnacle Financial Partners approved their proposed merger on November 6, 2025.
  • Approximately 91.5 percent of votes cast by Synovus shareholders and 92.2 percent of votes cast by Pinnacle shareholders were in favor of the combination.
  • The merger is expected to close in the first quarter of 2026, pending regulatory approvals and other customary closing conditions.
  • Following the merger, Terry Turner will serve as chairman of the board, and Kevin Blair will be the incoming CEO of the post-merger Pinnacle Financial Partners.
Nov 6, 2025, 8:30 PM
Synovus Financial and Pinnacle Financial Partners Shareholders Approve Merger
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M&A
Proxy Vote Outcomes
Guidance Update
  • Shareholders of Synovus Financial and Pinnacle Financial Partners have approved the proposed all-stock merger, with 93% of Pinnacle's votes and 69%-70% of Synovus's votes cast in favor at special shareholder meetings held today.
  • The combined entity is projected to have $116 billion in assets and is expected to generate top-quartile revenue and net income growth with the best efficiency ratio among peers by 2027.
  • The companies anticipate $250 million in cost synergies, with 50% realized in 2026, 75% by 2027, and the remainder in 2028. Revenue synergies are estimated at $100 million to $130 million over the next several years.
  • The pro forma annualized balance sheet growth target is high single digit to low double digit. The company expects a 10.1% CET1 ratio at close, with capital primarily deployed for client growth, but share repurchases are a potential option.
  • Employee retention has remained strong since the merger announcement, with Pinnacle reporting a 95% retention rate, and both companies added revenue producers in Q3. Most team members are expected to know their new job roles by the end of November 2025.
Nov 6, 2025, 7:15 PM
Synovus Shareholders Approve Merger with Pinnacle Financial Partners
SNV
M&A
Proxy Vote Outcomes
Executive Compensation
  • Synovus Financial Corporation shareholders approved the proposed merger with Pinnacle Financial Partners, Incorporated, with over 69% of the votes entitled to be cast in favor.
  • The merger is anticipated to create a $100 billion-plus asset institution, expanding Synovus's market footprint, accelerating growth, and enhancing scale.
  • An advisory proposal for merger-related compensation for Synovus's named executive officers was also approved by over 51% of the votes cast.
Nov 6, 2025, 2:00 PM
Synovus Shareholders Approve Merger with Pinnacle Financial Partners
SNV
M&A
Proxy Vote Outcomes
  • Synovus Financial Corporation held a special meeting on November 6, 2025, to consider and vote upon a proposed merger with Pinnacle Financial Partners, Incorporated.
  • The merger is intended to expand Synovus's market footprint, accelerate growth, and provide additional scale for technology, positioning it to become a $100 billion-plus asset institution.
  • Synovus's Board of Directors unanimously recommended that shareholders vote for the adoption of the merger agreement and all related proposals.
  • Shareholders approved the agreement and plan of merger with over 69% of the votes entitled to be cast.
  • The advisory, non-binding proposal for merger-related compensation payments to Synovus's named executive officers was also approved by over 51% of the votes cast.
Nov 6, 2025, 2:00 PM