Pinnacle's Synovus merger doubles assets to $129.1B; net income +106% but EPS up only 3.5%

Filed August 4, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• high

  Merger with Synovus closed Jan 1, 2026, roughly doubling loans to $88.1B, deposits to $100.9B, and total assets to $129.1B.

  MD&A: Merger verify on EDGAR →
• high

  Net income rose 106.3% to $328M, but diluted EPS increased only 3.5% to $2.07 due to a much larger share count from merger issuance.

  Notes: EPS view on EDGAR →
• high

  Merger-related expenses totaled $51M in Q2 and $326M year-to-date, pressuring the efficiency ratio to 59.4% from 55.2%.

  MD&A: Expenses verify on EDGAR →