Pinnacle Financial Partners, Inc. · NYSE:PNFP
Pinnacle Financial Partners — Goldman Sachs 2025 Financial Services Conference
15 slides from Pinnacle Financial Partners's conference presentation, Dec 9, 2025
Slide 1: Goldman Sachs 2025 Financial Services Conference
Goldman Sachs 2025 Financial Services Conference December 9, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This communication contains statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All stat
Slide 3: Use of Synovus Non-GAAP Financial Measures
Use of Synovus Non-GAAP Financial Measures This slide presentation contains certain non-GAAP financial measures determined by methods other than in accordance with generally accepted accounting principles. Such non-GAAP financial measures include the following: adjusted revenue taxable equivalent (T
Slide 4: Financially & Strategically Compelling Transaction
Financially & Strategically Compelling Transaction Creates Fastest-Growing, Most Profitable Regional Bank with 21% Pro Forma Branch Footprint 2027E EPS Accretion and 2.6 Year TBV Dilution Earnback(1) Positioned to Remain Employer of Choice with Industry-Leading Client Service Versus Competitors Full
Slide 5: Key Decisions Made in Contrast to Other MOEs
Key Decisions Made in Contrast to Other MOEs Brand Name Pinnacle Financial Partners and Pinnacle Bank Headquarters Holding Company: Atlanta, GA and Bank: Nashville, TN Long-term clarity on CEO Leadership Team Finalized key leadership positions Operating Model Geographic operating model with local le
Slide 6: Synovus Fourth Quarter 2025 Update
Synovus Fourth Quarter 2025 Update 4Q25E Key Assumptions Sequential Period-End ~1.0% • Strong execution across core Middle Market and CIB growth verticals offset by Loan Growth elevated CRE payoffs Sequential Period-End 3% – 4% • Seasonal benefits and new account origination supporting strong 4Q25 g
Slide 7: Pro Forma Targets
Pro Forma Targets Key Assumptions 2026 Period-End • Broad-based contributions from both geographic and specialized business units 9% - 11% Loan Growth • Supported by ongoing recruiting and combined synergy opportunities 2026 Period-End • Normalized rate environment should be conducive to low-cost de
Slide 8: Estimated Revenue Synergies: ~$100 MM - $130 MM
Estimated Revenue Synergies: ~100 MM - $130 MM Opportunities Revenue Synergies RELATIONSHIP Revenue Producer Hiring EXPANSION Hold Limits ~$60 Million - $70 Million CAPITAL Swap Fees MARKETS Arranger Fees FX Hedging CIC Syndication Fees ~$20 Million - $30 Million Debt Capital Markets M&A Advisory SP
Slide 9: Pro Forma Normalized Net Interest Margin
Pro Forma Normalized Net Interest Margin(1) Over-Time Immediate 0.07%-0.10% 0.05%-0.08% PNFP Fixed- Funding and Rate Asset Liquidity Actions Repricing and 0.12%-0.15% Other Synovus Balance Sheet NIM Marks 3.34% ~3.50% Combined Run-Rate 3Q25 NIM for Net Interest Pinnacle and Margin(1) Synovus (1) Ass
Slide 10: Revenue Producer Hiring Targets
Revenue Producer Hiring Targets 250 225 180 125 100 74 125 125 106 (1) YTD 2025 2026E 2027E Legacy PNFP Legacy SNV (1) Year-to-Date as of September 30, 2025 10
Slide 11: Partnership Progress
‘innacle + SYNOVUS Partnership Progress Merger Timeline November 5, 2025 Sverting Counc of Cambie Sx Leaders July 24, 2025 August 22,2025 eee eect a Merger Agreement Merger Application September 30, 2025 November 25-26, 2025 Syne E insounced Sctanlite th fsek Begulators S-4 Declared Effective / Comm
Slide 12: Board of Directors Recently Announced
Board of Directors Recently Announced 12
Slide 13: Appendix
Appendix 13
Slide 14: Synovus NDFI Portfolio
Synovus NDFI Portfolio Fundings of $5.2 Billion, of which ~60% is Structured Lending Structured Lending Portfolio: $3.0 Billion • Launched in 2019 with senior team who have worked Structured Lending Asset Class Distribution(1) together for over 15 years • Largely “lender finance” receivables plus ot
Slide 15: Synovus Non-GAAP Financial Measures
Synovus Non-GAAP Financial Measures ($ in thousands) 3Q25 Total non-interest expense $348,729 Restructuring (charges) reversals 747 Fair value adjustment on non-qualified deferred compensation (2,592) Merger-related expense (23,757) Valuation adjustment to Visa derivative (2,911) Adjusted non-intere
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