Synovus Financial (SNV) investor relations material

Strategic rationale and execution focus

• Merger of equals (MOE) between two mid-cap banks aims to create a Southeast growth champion with a mixed management team and a unified operating model.

• Leadership structure and key decisions, including CEO and Chairman roles, were determined early to ensure clarity and minimize uncertainty.

• The Pinnacle operating and incentive compensation models will be adopted across the combined entity, with a focus on cultural integration and associate engagement.

• Conversion timeline is set for 12-14 months post-close, prioritizing a seamless client experience and extensive training.

• The merger is expected to close in the first quarter, with a long-term vision for accelerated growth and efficiency.

Growth, hiring, and business momentum

• No negative impact on business development or recruiting pipelines since the merger announcement; aggressive double-digit balance sheet growth guidance remains.

• High hiring success rate, with 58 out of 59 job offers expected to be accepted in the current quarter.

• Both organizations reaffirmed revenue and expense growth guidance, with a focus on maintaining momentum through 2026.

• Hiring targets include 150 revenue producers annually, with expectations to increase further in subsequent years.

• The hiring model is network-driven, leveraging employee referrals to create a multiplier effect for talent acquisition.

Client and market feedback

• Client response to the merger has been largely neutral, with minimal disruption as long as relationship managers remain in place.

• Rebranding to Pinnacle will occur in 2027, with platform migration communicated well in advance.

• Larger clients see benefits in increased size and scale, such as higher hold limits and consolidated relationships.