Synovus Completes Merger, Delists and Transitions to Pinnacle

Synovus ( (SNV) ) has shared an update.

On January 1–2, 2026, Synovus Financial Corp. and Pinnacle Financial Partners completed a merger in which both legacy holding companies were combined into a new Georgia-incorporated Pinnacle Financial Partners, Inc., with Newco as the surviving parent and Pinnacle Bank as the surviving bank. The deal created a $117.2 billion-asset regional institution with $95.7 billion in deposits and $80.4 billion in loans (pro forma as of September 30, 2025), headquartered in Atlanta at the holding-company level and in Nashville at the bank level, operating under both the Pinnacle and Synovus brands until a planned consolidation to the Pinnacle brand in early 2027. Under the agreed exchange terms, each share of legacy Pinnacle common stock converted into one share of the new Pinnacle, while each Synovus common share converted into 0.5237 Pinnacle shares, with Synovus and Pinnacle securities delisted as New Pinnacle common and preferred shares began trading on the NYSE under the PNFP family of tickers. Synovus Bank was merged into Pinnacle Bank, which joined the Federal Reserve System, and all classes of Synovus and Pinnacle preferred stock, depositary shares, stock options, RSUs, PSUs and other equity awards were either converted into or settled for corresponding Pinnacle instruments and cash consideration pursuant to the merger terms. As part of the transaction, Synovus ceased to exist as a separate public registrant, its NYSE-listed securities were deregistered, and its directors and executive officers stepped down, with a new 15-member combined board evenly drawn from both legacy institutions and led by former Pinnacle leadership, positioning the enlarged firm as a scale regional competitor focused on accelerated growth, talent recruitment and enhanced client service.

The most recent analyst rating on (SNV) stock is a Buy with a $70.00 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 receives a strong overall score driven by its solid financial performance and attractive valuation. The technical indicators suggest bullish momentum, although caution is advised due to the nearing overbought RSI. The merger with Pinnacle Financial Partners is a strategic move that could significantly enhance the company’s growth and profitability, despite some legal challenges.

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

More about Synovus

Pinnacle Financial Partners, Inc. is a $117.2 billion-asset regional bank holding company providing a full range of banking, investment, trust, mortgage and insurance products and services to commercial and consumer clients seeking comprehensive financial relationships. Following its 2026 combination with Synovus Financial Corp., Pinnacle became the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia, with leading deposit market share in Nashville and a top-four position in Atlanta, operating more than 400 locations across nine Southeastern and Mid-Atlantic states and offering multiple banking specialties with nationwide reach.

Average Trading Volume: 1,245,523

Technical Sentiment Signal: Strong Buy

Current Market Cap: $6.95B

Find detailed analytics on SNV stock on TipRanks’ Stock Analysis page.