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Pinnacle Financial Partners Announces Merger with Synovus

Story Highlights
  • Pinnacle Financial Partners and Synovus Financial Corp. plan to merge into a new entity, Newco.
  • The merger aims to strengthen market positioning and operational capabilities for both companies.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pinnacle Financial Partners Announces Merger with Synovus

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The latest update is out from Pinnacle Financial Partners ( (PNFP) ).

On July 24, 2025, Pinnacle Financial Partners entered into a merger agreement with Synovus Financial Corp. and Steel Newco Inc., a newly formed corporation jointly owned by both companies. This merger will result in Pinnacle and Synovus merging into Newco, with Newco continuing as the surviving entity. The merger aims to enhance the companies’ market positioning and operational capabilities, with Pinnacle Bank becoming a member of the Federal Reserve System and subsequently merging with Synovus Bank. The merger agreement includes detailed provisions for stock conversion, board composition, and executive roles, with significant implications for the leadership structure and strategic direction of the newly formed entity.

The most recent analyst rating on (PNFP) stock is a Buy with a $115.00 price target. To see the full list of analyst forecasts on Pinnacle Financial Partners stock, see the PNFP Stock Forecast page.

Spark’s Take on PNFP Stock

According to Spark, TipRanks’ AI Analyst, PNFP is a Outperform.

Pinnacle Financial Partners’ overall stock score is driven by strong financial performance and positive earnings call sentiment, supported by strategic growth initiatives like the merger with Synovus. However, technical indicators suggest bearish momentum, which is a key risk factor. The stock’s valuation is moderate, offering some potential for upside but with a relatively low dividend yield.

To see Spark’s full report on PNFP stock, click here.

More about Pinnacle Financial Partners

Pinnacle Financial Partners, Inc. is a Tennessee-based corporation operating in the financial services industry. It primarily offers banking services and is focused on expanding its market presence through strategic mergers.

Average Trading Volume: 547,871

Technical Sentiment Signal: Buy

Current Market Cap: $8.08B

For an in-depth examination of PNFP stock, go to TipRanks’ Overview page.

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