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 strong cultural alignment.

• Both legacy firms delivered above-peer revenue, EPS, and tangible book value growth in 2025, with Q4 2025 adjusted EPS at $1.45, up 16% year-over-year.

• Strong loan growth in Q4 2025 was driven by corporate, investment banking, specialty lending, and middle market credits.

• Core deposit growth was supported by public funds and seasonal middle market accounts.

• Focus remains on exceptional client service, industry-leading loyalty, and being an employer of choice.

Financial highlights

• Q4 2025 adjusted EPS: $1.45 (up 16% YoY); net interest income rose to $484.6 million, up 2% QoQ and 7% YoY; net interest margin expanded to 3.45%.

• Non-interest revenue for Q4 2025 increased 16% YoY; adjusted non-interest revenue up 16%.

• Total assets at year-end were $61.4 billion; total loans $44.6 billion, up 5% YoY; total deposits $51.3 billion.

• CET1 ratio at year-end was 11.28%, an all-time high.

• Credit metrics healthy: net charge-off ratio for Q4 2025 was 0.22%; allowance for credit losses ratio ended the year at 1.19%.

Outlook and guidance

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

• Adjusted revenue outlook: $5B-$5.2B; adjusted non-interest revenue ~$1.1B; adjusted non-interest expense $2.7B-$2.8B.

• Net interest margin guidance: 3.45%-3.55%.

• Net charge-offs expected at 20-25bps for 2026.

• Management expects continued growth and successful integration, with systems and brand conversions planned for March 2027.