The merger between Synovus and Pinnacle Financial Partners has now been formally completed, marking the end of Synovus’s run as an independent regional bank. Prior to the transition, the institution released its final quarterly and annual financial statements for 2025, which demonstrated robust core business performance and a stable risk profile.
Key Financial and Transaction Details
- Merger Effective Date: January 1, 2026
- Adjusted Q4 Earnings Per Share: $1.45
- 2025 Net Interest Income: $1.87 billion
- Annual Loan Growth: 5%
- Common Equity Tier 1 (CET1) Ratio: 11.28%
- Combined Entity’s Total Assets: Approximately $117 billion
Final Quarter Performance
For the fourth quarter of 2025, Synovus posted adjusted earnings of $1.45 per share, an advance from the $1.45 per share reported in the same period a year earlier. On a GAAP basis, the unadjusted result was $1.22 per share. This figure was primarily impacted by a one-time strategic move involving the surrender of $220 million in bank-owned life insurance (BOLI) policies, which reduced quarterly EPS by $0.10.
A Year of Growth and Stability
Throughout the full 2025 fiscal year, the bank’s net interest income climbed to $1.87 billion, up from $1.75 billion in the prior year. This increase was driven by an expansion of earning assets and improved net interest margins. The total loan portfolio grew by $2.02 billion, representing a 5% increase, with significant contributions from specialty finance, corporate, and investment banking activities.
Should investors sell immediately? Or is it worth buying Synovus?
Credit metrics remained solid ahead of the merger. The non-performing loan ratio stood at 0.57% at year-end, while the net charge-off ratio for Q4 was 0.22%. The company also strengthened its capital position, achieving a CET1 ratio of 11.28% by the time the merger took effect.
The New Combined Entity
The $8.6 billion transaction was structured as an all-stock deal. Former Synovus shareholders received 0.5237 shares of the combined company for each share they held. Trading in Synovus securities was halted on January 2.
The newly integrated organization now operates approximately 400 branches across the southeastern United States. With a combined asset base of about $117 billion, the merger establishes a platform with greater competitive scale in the regional banking market. The stable financial condition and strong capital base reported in Synovus’s final results provide a foundation for the operational integration, with the focus now shifting to realizing planned synergies within the new corporate structure.
Ad
Synovus Stock: Buy or Sell?! New Synovus Analysis from February 1 delivers the answer:
The latest Synovus figures speak for themselves: Urgent action needed for Synovus investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from February 1.
Synovus: Buy or sell? Read more here...
