• Pinnacle completed merger on Jan. 1, 2026, combining with Synovus through simultaneous mergers into Steel Newco, which was renamed Pinnacle Financial Partners.
• Synovus common shareholders received 0.5237 shares of Newco common stock per Synovus share, implying 72,738,666 Newco shares issued based on 138,893,767 Synovus shares outstanding as of Dec. 31, 2025.
• Pro forma purchase price consideration totaled $7.58 billion, based on Pinnacle closing price of $95.41 per share on Dec. 31, 2025, including $564.3 million of preferred stock issued, $71.21 million for equity awards, cash of $477 for fractional shares.
• Preliminary purchase accounting reflected $1.63 billion of goodwill, $1.11 billion of core deposit and other intangible assets, pro forma total assets of $120.33 billion at Dec. 31, 2025.
• Unaudited pro forma 2025 net income attributable to shareholders was $1.08 billion, with basic EPS of $6.8 on weighted average basic shares of 149,602,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pinnacle Financial Partners Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002082866-26-000047), on May 12, 2026, and is solely responsible for the information contained therein.