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Synovus ( (SNV) ) has shared an announcement.
On July 24, 2025, Synovus Financial Corp. announced a merger agreement with Pinnacle Financial Partners, Inc., and Steel Newco Inc., a newly formed corporation jointly owned by Synovus and Pinnacle. The merger will result in Synovus and Pinnacle merging into Newco, which will be named Pinnacle Financial Partners, Inc., with Pinnacle Bank becoming a member of the Federal Reserve System and subsequently merging with Synovus Bank. The merger agreement, approved by the boards of directors of all parties, includes a stock exchange and the creation of a new board structure. Key executive roles have been outlined, with Kevin S. Blair and A. Jamie Gregory, Jr. entering into executive employment agreements contingent upon the merger’s completion. The merger is subject to customary conditions, including shareholder and regulatory approvals.
The most recent analyst rating on (SNV) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Synovus stock, see the SNV Stock Forecast page.
Spark’s Take on SNV Stock
According to Spark, TipRanks’ AI Analyst, SNV is a Outperform.
Synovus is in a strong position due to its solid financial performance, positive market momentum, and strategic initiatives. The merger with Pinnacle and positive earnings call outcomes provide a robust outlook, although challenges like revenue growth and deposit decline need monitoring.
To see Spark’s full report on SNV stock, click here.
More about Synovus
Average Trading Volume: 1,289,995
Technical Sentiment Signal: Buy
Current Market Cap: $7.88B
See more data about SNV stock on TipRanks’ Stock Analysis page.