Synovus Financial (SNV) Q4 2025 earnings summary

Executive summary

• The merger between Pinnacle and Synovus was completed on January 1, 2026, creating a leading regional bank with rapid integration and a unified operating model.

• Both banks focused on above-peer revenue, EPS, and tangible book value growth, supported by a strong client service culture and high employee engagement.

• Legacy Pinnacle grew adjusted diluted EPS by 22% and Synovus by 28% in 2025; Synovus Q4 2025 adjusted EPS was $1.45, up 16% year-over-year.

• Both firms achieved top Net Promoter Scores in their respective footprints.

• Q4 2025 saw strong loan growth, mainly from corporate, investment banking, specialty lending, and middle market credits, with core deposit growth driven by public funds and seasonal middle market accounts.

Financial highlights

• Pinnacle Q4 2025 adjusted EPS: $2.24, up 18% year-over-year; net interest income up 12% year-over-year.

• Synovus Q4 2025 adjusted EPS: $1.45, up 16% year-over-year; net interest income rose to $484.6 million, up 7% year-over-year; net interest margin at 3.45%.

• Pinnacle period-end loans and core deposits both grew 10% year-over-year; Synovus period-end loans up 5% year-over-year; core deposits up 2% quarter-over-quarter.

• Both banks reported healthy credit metrics and capital levels, with CET1 ratios at 10.88% (Pinnacle) and 11.28% (Synovus).

• Non-interest revenue for Q4 2025 increased 16% year-over-year; adjusted non-interest expense up 5%.

Outlook and guidance

• 2026 period-end loan growth expected at 9%-11% (to $91B-$93B); deposit growth at 8%-10% (to $106.5B-$108.5B).

• Adjusted revenue outlook: $5B-$5.2B; net interest margin expected in the 3.45%-3.55% range.

• Adjusted non-interest revenue projected at $1.1B; adjusted non-interest expense at $2.7B-$2.8B.

• 40% ($100M) of annualized merger-related expense savings to be realized in 2026.

• Economic scenario assumptions for 2026 and 2027 include weighted average GDP growth of 1.7% and unemployment at 4.8%.