Pinnacle Financial Completes Merger with Synovus, Assets Reach $117.2B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2026
0mins
Should l Buy PNFP?
Pinnacle Financial Partners announced the completion of the merger of Pinnacle Financial Partners and Synovus Financial Corp. with the combined firm now operating as one bank holding company under the name Pinnacle Financial Partners. Following the bank holding company merger, Pinnacle Bank became a member bank of the Federal Reserve System and Synovus Bank merged into Pinnacle Bank, with Pinnacle Bank as the surviving bank in the bank merger. The combined Pinnacle Bank will operate under both the Pinnacle and Synovus brands, consolidating under the Pinnacle brand in early 2027. The newly combined bank holding company had an estimated pro forma combined $117.2B in assets, deposits of $95.7B and loans of $80.4B, all as of Sept. 30. The firm now operates more than 400 locations in nine states throughout the Southeast and Atlantic coast, along with multiple banking specialties with nationwide scope. The headquarters of the combined holding company will be in Atlanta, Georgia, and the headquarters of the combined bank will be in Nashville, Tennessee. Integration teams have been working closely together to build the blueprint for Pinnacle's future as a combined company. While bankers continue to serve clients and recruit top talent with little to no disruption, others will work behind the scenes to execute as seamless an integration effort as possible. Systems and brand conversions are expected in early 2027. Throughout, the primary goal will be to enhance the client experience.
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Analyst Views on PNFP
Wall Street analysts forecast PNFP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PNFP is 113.53 USD with a low forecast of 95.00 USD and a high forecast of 135.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
11 Buy
5 Hold
0 Sell
Moderate Buy
Current: 100.700
Low
95.00
Averages
113.53
High
135.00
Current: 100.700
Low
95.00
Averages
113.53
High
135.00
About PNFP
Pinnacle Financial Partners, Inc. is a bank holding company. It is a regional bank which provides a full range of banking, investment, trust, mortgage and insurance products and services for commercial and consumer clients who want a comprehensive relationship with their financial institution. The Bank operates offices in Tennessee, Georgia, Florida, North Carolina, South Carolina, Alabama, Kentucky, Virginia and Maryland. It operates in more than 400 locations in nine states throughout the Southeast and Atlantic coast, along with multiple banking specialties with nationwide scope. It provides a full range of banking services, including investment, mortgage, insurance, and comprehensive wealth management services, in several primarily urban markets and their surrounding communities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Pinnacle Financial Partners Sees Positive Outlook Post-Merger
- Merger Impact Analysis: Pinnacle Financial's $8.6 billion all-stock merger with Synovus, completed on January 2, has led to a 20% stock price decline due to market concerns; however, anticipated post-merger synergies could enhance profitability and drive stock recovery.
- Cost Savings Expectations: Pinnacle expects to realize $250 million in annual cost savings and up to $130 million in revenue synergies over the next few years, significantly improving profitability and strengthening competitive positioning in the market.
- Optimistic Earnings Forecast: Analysts project Pinnacle's earnings per share (EPS) to reach $10.17 and $11.74 for 2026 and 2027, respectively, and achieving these targets could lead to substantial stock price increases, especially with potential valuation expansion.
- Stock Price Potential Analysis: Currently valued at around 10 times forward earnings, a re-rating to a low-teens P/E could push the stock back to historical highs of approximately $125 per share, indicating strong market potential for future growth.
See More
Pinnacle Financial Completes Merger with Synovus
- Merger Completion: Pinnacle Financial's $8.6 billion all-stock merger with Synovus was completed on January 2, and despite market concerns about potential dilution of tangible book value, significant cost and growth synergies are anticipated post-merger.
- Cost Savings Expectations: Pinnacle expects to achieve $250 million in annualized cost savings and up to $130 million in revenue synergies over the next few years, which will enhance profitability and drive stock recovery.
- Earnings Forecast: Analysts project Pinnacle's earnings per share (EPS) to reach $10.17 and $11.74 for 2026 and 2027, respectively, and if these targets are met, the stock could rebound to over $125 per share, potentially even higher.
- Market Performance Analysis: Although Pinnacle's stock has declined by 20% over the past year, as the market digests the uncertainties surrounding the merger, a strong recovery is expected over the next two years, especially with potential valuation expansion.
See More
Pinnacle Financial Announces Preferred Stock Dividends
- Preferred Stock Dividend Announcement: Pinnacle Financial's board approved a dividend of $0.45617 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on March 23, 2026, to shareholders of record as of March 15, 2026, demonstrating the company's commitment to shareholder returns.
- Series B Dividend Payment: The firm will also pay a dividend of $0.52481 per share on its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, payable on April 1, 2026, with the same record date of March 15, 2026, further enhancing investor confidence.
- Series C Dividend Details: Pinnacle Financial will pay a dividend of $16.88 per share (or $0.422 per depository share) on its Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series C, on March 1, 2026, with a record date of February 14, 2026, reflecting the company's stable financial position.
- Market Position and Recognition: As the largest bank headquartered in Tennessee and the largest bank holding company in Georgia, Pinnacle Financial ranks first in deposit market share in the Nashville MSA and was recognized as No. 9 in FORTUNE magazine's 2025 list of 100 Best Companies to Work For, showcasing its competitive edge and attractiveness in the industry.
See More
Pinnacle Financial Announces $0.50 Cash Dividend
- Dividend Announcement: Pinnacle Financial's Board of Directors has approved a $0.50 cash dividend per share, to be paid on February 27, 2026, to common shareholders of record as of February 6, 2026, reflecting the company's commitment to shareholder returns.
- Asset Scale: Pinnacle Financial is a regional bank with assets totaling $119.1 billion, offering a full range of banking, investment, trust, mortgage, and insurance products aimed at meeting the comprehensive financial needs of commercial and consumer clients.
- Market Position: As the largest bank headquartered in Tennessee and the largest bank holding company in Georgia, Pinnacle ranks first in deposit market share in the Nashville MSA and fourth in the Atlanta MSA, demonstrating its strong competitive position in the regional market.
- Employer Reputation: Pinnacle Financial is ranked 9th in FORTUNE magazine's 2025 list of 100 Best Companies to Work For in the U.S., marking its ninth consecutive appearance, and has been recognized by American Banker as the 4th Best Bank to Work For in America in 2025, highlighting its status as an employer of choice for financial services professionals.
See More
Pinnacle Financial Partners Declares $0.50 Cash Dividend
- Dividend Declaration: Pinnacle Financial Partners announced a cash dividend of $0.50 per share to be paid on February 27, 2026, to shareholders of record as of February 6, 2026, reflecting the company's strong financial health and commitment to shareholder returns.
- Asset Size and Market Position: With assets totaling $119.1 billion, Pinnacle ranks first in deposit market share in the Nashville MSA and fourth in the Atlanta MSA, solidifying its leadership position in the Southern market.
- Industry Recognition and Employer Image: Pinnacle has been ranked 9th on FORTUNE magazine's 2025 list of 100 Best Companies to Work For in the U.S. for the ninth consecutive year and recognized by American Banker as the 4th Best Bank to Work For in 2025, enhancing its appeal as an employer in the financial services sector.
- Strategic Merger and Growth: In 2026, Pinnacle merged with Synovus Financial Corp., combining over 160 years of banking service experience, aiming to enhance competitiveness and service capabilities through resource integration and market expansion.
See More
Citigroup's Multi-Year Turnaround Shows Promise with Significant Stock Potential
- Citigroup Stock Pullback: Citigroup's share price has declined from nearly $125 to around $114, yet the company's long-term turnaround is progressing, with expectations of significant profitability improvements through further cost-cutting measures.
- Flagstar Bank Profitability Goals: Flagstar Bank aims to achieve earnings of $2.10 to $2.20 per share by 2027, and if successful, its current share price of approximately $13 could surge into the mid-$20s, indicating strong upside potential.
- Pinnacle Financial Merger Impact: Pinnacle Financial's acquisition of Synovus Financial in 2026 is expected to be 21% accretive to 2027 earnings, with analysts forecasting a 12% growth in earnings, signaling a robust recovery trajectory.
- Bank Stock Market Volatility: Despite a strong performance in 2025, bank stocks have faced volatility early in the new year, partly due to adjustments in earnings expectations, yet this is viewed as an investment opportunity rather than a warning, with many bank stocks poised for a rebound.
See More
Pinnacle Financial Partners Sees Positive Outlook Post-Merger
- Merger Impact Analysis: Pinnacle Financial's $8.6 billion all-stock merger with Synovus, completed on January 2, has led to a 20% stock price decline due to market concerns; however, anticipated post-merger synergies could enhance profitability and drive stock recovery.
- Cost Savings Expectations: Pinnacle expects to realize $250 million in annual cost savings and up to $130 million in revenue synergies over the next few years, significantly improving profitability and strengthening competitive positioning in the market.
- Optimistic Earnings Forecast: Analysts project Pinnacle's earnings per share (EPS) to reach $10.17 and $11.74 for 2026 and 2027, respectively, and achieving these targets could lead to substantial stock price increases, especially with potential valuation expansion.
- Stock Price Potential Analysis: Currently valued at around 10 times forward earnings, a re-rating to a low-teens P/E could push the stock back to historical highs of approximately $125 per share, indicating strong market potential for future growth.
See More
Pinnacle Financial Completes Merger with Synovus
- Merger Completion: Pinnacle Financial's $8.6 billion all-stock merger with Synovus was completed on January 2, and despite market concerns about potential dilution of tangible book value, significant cost and growth synergies are anticipated post-merger.
- Cost Savings Expectations: Pinnacle expects to achieve $250 million in annualized cost savings and up to $130 million in revenue synergies over the next few years, which will enhance profitability and drive stock recovery.
- Earnings Forecast: Analysts project Pinnacle's earnings per share (EPS) to reach $10.17 and $11.74 for 2026 and 2027, respectively, and if these targets are met, the stock could rebound to over $125 per share, potentially even higher.
- Market Performance Analysis: Although Pinnacle's stock has declined by 20% over the past year, as the market digests the uncertainties surrounding the merger, a strong recovery is expected over the next two years, especially with potential valuation expansion.
See More
Pinnacle Financial Announces Preferred Stock Dividends
- Preferred Stock Dividend Announcement: Pinnacle Financial's board approved a dividend of $0.45617 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on March 23, 2026, to shareholders of record as of March 15, 2026, demonstrating the company's commitment to shareholder returns.
- Series B Dividend Payment: The firm will also pay a dividend of $0.52481 per share on its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, payable on April 1, 2026, with the same record date of March 15, 2026, further enhancing investor confidence.
- Series C Dividend Details: Pinnacle Financial will pay a dividend of $16.88 per share (or $0.422 per depository share) on its Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series C, on March 1, 2026, with a record date of February 14, 2026, reflecting the company's stable financial position.
- Market Position and Recognition: As the largest bank headquartered in Tennessee and the largest bank holding company in Georgia, Pinnacle Financial ranks first in deposit market share in the Nashville MSA and was recognized as No. 9 in FORTUNE magazine's 2025 list of 100 Best Companies to Work For, showcasing its competitive edge and attractiveness in the industry.
See More
Pinnacle Financial Announces $0.50 Cash Dividend
- Dividend Announcement: Pinnacle Financial's Board of Directors has approved a $0.50 cash dividend per share, to be paid on February 27, 2026, to common shareholders of record as of February 6, 2026, reflecting the company's commitment to shareholder returns.
- Asset Scale: Pinnacle Financial is a regional bank with assets totaling $119.1 billion, offering a full range of banking, investment, trust, mortgage, and insurance products aimed at meeting the comprehensive financial needs of commercial and consumer clients.
- Market Position: As the largest bank headquartered in Tennessee and the largest bank holding company in Georgia, Pinnacle ranks first in deposit market share in the Nashville MSA and fourth in the Atlanta MSA, demonstrating its strong competitive position in the regional market.
- Employer Reputation: Pinnacle Financial is ranked 9th in FORTUNE magazine's 2025 list of 100 Best Companies to Work For in the U.S., marking its ninth consecutive appearance, and has been recognized by American Banker as the 4th Best Bank to Work For in America in 2025, highlighting its status as an employer of choice for financial services professionals.
See More
Pinnacle Financial Partners Declares $0.50 Cash Dividend
- Dividend Declaration: Pinnacle Financial Partners announced a cash dividend of $0.50 per share to be paid on February 27, 2026, to shareholders of record as of February 6, 2026, reflecting the company's strong financial health and commitment to shareholder returns.
- Asset Size and Market Position: With assets totaling $119.1 billion, Pinnacle ranks first in deposit market share in the Nashville MSA and fourth in the Atlanta MSA, solidifying its leadership position in the Southern market.
- Industry Recognition and Employer Image: Pinnacle has been ranked 9th on FORTUNE magazine's 2025 list of 100 Best Companies to Work For in the U.S. for the ninth consecutive year and recognized by American Banker as the 4th Best Bank to Work For in 2025, enhancing its appeal as an employer in the financial services sector.
- Strategic Merger and Growth: In 2026, Pinnacle merged with Synovus Financial Corp., combining over 160 years of banking service experience, aiming to enhance competitiveness and service capabilities through resource integration and market expansion.
See More
Citigroup's Multi-Year Turnaround Shows Promise with Significant Stock Potential
- Citigroup Stock Pullback: Citigroup's share price has declined from nearly $125 to around $114, yet the company's long-term turnaround is progressing, with expectations of significant profitability improvements through further cost-cutting measures.
- Flagstar Bank Profitability Goals: Flagstar Bank aims to achieve earnings of $2.10 to $2.20 per share by 2027, and if successful, its current share price of approximately $13 could surge into the mid-$20s, indicating strong upside potential.
- Pinnacle Financial Merger Impact: Pinnacle Financial's acquisition of Synovus Financial in 2026 is expected to be 21% accretive to 2027 earnings, with analysts forecasting a 12% growth in earnings, signaling a robust recovery trajectory.
- Bank Stock Market Volatility: Despite a strong performance in 2025, bank stocks have faced volatility early in the new year, partly due to adjustments in earnings expectations, yet this is viewed as an investment opportunity rather than a warning, with many bank stocks poised for a rebound.
See More
