Pinnacle completes $85B Synovus merger; Q1 EPS halves to $0.89 on share dilution

Filed May 6, 2026 · Period ending March 31, 2026 · ~2 min read

Key Changes

• high

  Synovus merger closed Jan 1, 2026, creating $85B loan, $100B deposit Southeast bank. Q1 net income flat at $135M but EPS fell 50% to $0.89 vs $1.77 prior year due to significantly higher post-merger share count.

  MD&A: Q1 2026 financial results verify on EDGAR →
• high

  Net interest margin expanded to 3.53% from 3.27% prior quarter, driven by purchase accounting accretion and asset repricing. Company is asset-sensitive: NII would rise 5% if rates increase 200 bps, fall 3.5% if rates drop 200 bps.

  MD&A: Net interest income and margin; Risk Factors: Interest rate sensitivity verify on EDGAR →
• high

  Merger costs hit $275M in Q1 including equity acceleration. Management reaffirmed 2026 guidance: 9-11% loan growth, $5.0-5.2B adjusted revenue, targeting CET1 ratio rebuild to 10.25-10.75% by year-end from current 9.81%.

  MD&A: Merger-related expenses; 2026 full-year guidance verify on EDGAR →