Pinnacle Financial Partners, Inc. · NYSE:PNFP
Pinnacle Financial Partners — Q4 2025 Earnings Presentation
79 slides from Pinnacle Financial Partners's earnings presentation, Jan 21, 2026
Slide 1: Earnings Results Fourth Quarter 2025
Earnings Results Fourth Quarter 2025 Exhibit 99.3
Slide 2: Forward-Looking Statements
2 Forward-Looking Statements This slide presentation and certain of our other filings with the Securities and Exchange Commission contain 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 am
Slide 3: Use of Legacy Pinnacle Non-GAAP Financial Measures
3 Use of Legacy Pinnacle 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 net income availabl
Slide 4: Use of Synovus Non-GAAP Financial Measures
4 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 net income available to com
Slide 5: Pinnacle Financial Partners
5 Pinnacle Financial Partners • Highly Successful Operating and Recruiting Model That Generates Above-Peer Revenue, EPS and TBV Growth • One of the Most Economically Vibrant Footprints in the Banking Industry • Regional Bank Employer of Choice with Industry- Leading Client Service • Healthy Capital
Slide 6: Legacy Pinnacle and Synovus Both Delivered in 2025
6 Enriched ShareholdersEngaged Clients Legacy Pinnacle and Synovus Both Delivered in 2025 Sy no vu s Pi nn ac le 2025 2025 (1) Source: Coalition Greenwich Voice of Client – 2025 US Commercial Banking Study ($1-$500MM – Q3 2025 - Banking); Pinnacle NPS score (82) is #1 in its legacy footprint compare
Slide 7: Adjusted Revenue, EPS and Book Value Trends
7 Adjusted Revenue, in Millions 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 $— $250 $500 $750 Diluted Adjusted EPS 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3
Slide 8: Core Deposits and Credit Metrics Trends
8 Period End Core Deposits, in Billions 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 $— $10 $20 $30 $40 $50 NPAs/Loans + ORE 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 2
Slide 9: Net Promoter Score vs. Market Share
9 Question: How likely are you to recommend (Lead Provider) to a friend or colleague using a scale of 0-10 where "0" means Not At All Likely and "10" means Extremely Likely? Which bank or financial service provider do you consider your company's single most important or lead provider of banking serv
Slide 10: Operating Model and Culture
10 Distributed accountability across teams Empowerment and collaboration at all levels People First Culture Geographic-Led Model Regional leadership driving growth Specialty businesses supporting and aiding expansion Corporate-Wide Incentive Plans Focused on achieving Revenue and EPS targets Alignme
Slide 11: What Won't Happen: Scale With A Soul
11 What Won't Happen Pinnacle Won't Become Another “Big Bank” Pinnacle Won't Lose Its “Secret Sauce” Our growth enables big-bank capabilities: advanced technology, a broader range of products, deeper capital strength, and the ability to serve clients wherever they are But what truly sets us apart is
Slide 12: Financial Highlights
einnacle Financial Highlights
Slide 13: Legacy Pinnacle Fourth Quarter 2025 Income Statement Summary
13 Income Statement Summary (GAAP) ($ in thousands, except per share data) 4Q25 % Change QoQ % Change YoY Net Interest Income $407,435 3% 12% Provision for Credit Losses $34,101 7% 15% Non-Interest Revenue $134,769 (9)% 21% Total Revenue $542,204 (1)% 14% Non-Interest Expense $302,656 0% 16% Pre-Pro
Slide 14: Legacy Pinnacle Period-End Balance Sheet Growth and Metrics
14 Period-End Balance Sheet Growth ($ in millions) 4Q25 % Change QoQ % Change YoY Loans $39,154 3% 10% Deposits $47,397 4% 11% Core Deposits(1) $41,928 3% 10% Non-Interest Bearing Deposits $9,047 1% 11% (1) Core deposits are non-interest-bearing deposits, interest-bearing deposits, money market acco
Slide 15: Legacy Pinnacle 2025 Income Statement Summary
15 Income Statement Summary (GAAP) ($ in thousands, except per share data) 2025 % Change YoY Net Interest Income $1,548,261 13% Provision for Credit Losses $107,245 (11)% Non-Interest Revenue $506,590 37% Total Revenue $2,054,851 18% Non-Interest Expense $1,167,728 13% Pre-Provision Net Revenue $887
Slide 16: Legacy Pinnacle 2025 Balance Sheet and Metrics
16 Period-End Balance Sheet Growth ($ in millions) 2025 % Change YoY Loans $39,154 10% Deposits $47,397 11% Core Deposits(1) $41,928 10% Non-Interest Bearing Deposits $9,047 11% Legacy Pinnacle's 2025 Financial Highlights Profitability Metrics 2025 2024 ROAA 1.15% 0.93% Adjusted ROAA(2) 1.19% 1.08%
Slide 17: Synovus Fourth Quarter 2025 Income Statement Summary
17 Income Statement Summary (GAAP) ($ in thousands, except per share data) 4Q25 % Change QoQ % Change YoY Net Interest Income $484,577 2% 7% Provision for Credit Losses $33,015 52% 0% Non-Interest Revenue $145,094 3% 16% Total Revenue $629,671 2% 8% Non-Interest Expense $349,594 0% 13% Pre-Provision
Slide 18: Synovus Period-End Balance Sheet Growth and Metrics
18 Period-End Balance Sheet Growth ($ in millions) 4Q25 % Change QoQ % Change YoY Loans $44,626 2% 5% Deposits $51,324 3% 0% Core Deposits(1) $45,872 2% (1)% Non-Interest Bearing Deposits $11,202 1% (3)% (1) Excludes brokered; (2) Annualized; (3) Non-GAAP financial measure; see appendix for applicab
Slide 19: Synovus 2025 Income Statement Summary
19 Income Statement Summary (GAAP) ($ in thousands, except per share data) 2025 % Change YoY Net Interest Income $1,873,217 7% Provision for Credit Losses $68,871 (50)% Non-Interest Revenue $536,392 124% Total Revenue $2,409,609 21% Non-Interest Expense $1,322,058 6% Pre-Provision Net Revenue $1,087
Slide 20: Synovus 2025 Balance Sheet and Metrics
20 Period-End Balance Sheet Growth ($ in millions) 2025 % Change YoY Loans $44,626 5% Deposits $51,324 0% Core Deposits(1) $45,872 (1)% Non-Interest Bearing Deposits $11,202 (3)% Synovus' 2025 Financial Highlights Profitability Metrics 2025 2024 ROAA 1.31% 0.81% Adjusted ROAA(2) 1.40% 1.15% ROCE 14.
Slide 21: 2026 Outlook
einnacle 2026 Outlook
Slide 22: Our Incentives Are Aligned
22 Our Incentives Are Aligned Determinants of Short-Term Incentives Determinants of Long-Term Incentives Adjusted Revenue(1) Growth Adjusted EPS(1) Growth Adjusted Return on Tangible Common Equity(1) Tangible Book Value(1) Growth Internal Goal Setting 2026 Guidance Aligned with Internal Goal Setting
Slide 23: Estimated Closing vs. Announcement Merger Details
23 Estimated Closing Vs. Announcement Merger Details Estimates at Announcement Current Estimate Non-Interest Expense Synergies(1) $250MM No change Non-Interest Expense Synergies Timing(1) 50% in 2026, 75% in 2027, 100% in 2028 40% in 2026, 75% in 2027, 100% in 2028 Merger-Related Expense(2) $720MM i
Slide 24: 2026 Outlook
24 Notes Period-End Loans Period-End Deposits Adjusted Revenue(1) Adjusted Non- Interest Expense(1) • Assumes NIM range of 3.45% - 3.55% in 2026, inclusive of PAA • Assumes two 25-basis point Fed Funds cuts in 2026 • Assumes adjusted non-interest revenue(1) of $1.10B - $1.15B • Assumes BHG investmen
Slide 25: 2026E Balance Sheet Growth Attribution
25 25% 75% 35% 30% 35% 2026E Balance Sheet Growth Attribution Loan Growth Drivers Deposit Growth Drivers Recent Revenue- Producing Hires Legacy Markets/ Revenue Producers Legacy Markets/ Revenue Producers Revenue-Producing Hires Broad-based contribution from legacy SNV and Pinnacle specialty busines
Slide 26: Estimated CET1 Ratio at March 31, 2026
26 Consistent with 2026 guidance Expected to be finalized in March 2026; includes valuation marks, goodwill impacts, DTA/DTL, etc. 0.3%-0.4% Estimated Common Equity Tier 1 Ratio at March 31, 2026 ~11.1% Combined PNFP & SNV CET1 Ratio(1) 12/31/25 ~ -1.1% Day 1 Marks & Valuation ~ -0.2%1Q26 Merger Exp
Slide 27: Revenue Producer Hiring Should Remain Outsized
27 230 217 250 275 161 134 69 83 Legacy PNFP Legacy SNV New PNFP 2024A 2025A 2026E 2027E Revenue Producer Hiring Should Remain Outsized *Record Year for PNFP hiring model 225-250 250-275
Slide 28: Estimated Revenue Synergies of $100MM - $130MM
28 Estimated Revenue Synergies of $100MM - $130MM Note: Relationship Expansion, Capital Markets, Specialty Expertise and Treasury Capabilities information reflects 2025 PNFP and SNV Expected To Be Realized Over the Next 2-3 Years
Slide 29: 2026 Priorities
29 Merger-Related Expense Synergies 2026 Priorities Strong Period-End Loan and Core Deposit Growth Balanced Loan and Deposit Growth New Deposit and Loan Processes and Systems Cross-organizational initiative to define new state processes New Client Onboarding Onboarding high-impact clients on end-sta
Slide 30: Appendix
einnacle Appendix
Slide 31: Legacy Pinnacle Standalone Fourth Quarter 2025 Supplemental Information
Legacy Pinnacle Standalone Fourth Quarter 2025 Supplemental Information
Slide 32: Market Share Gains Continue to Drive Loan Growth
32 Market Share Gains Continue to Drive Loan Growth (1) Excludes leases, credit cards and loans HFS; loan yields exclude tax equivalent income adjustments; loan yields consider contractual floors for individual loans but exclude the impact of other loan interest rate derivative products Fixed Rate L
Slide 33: Deposit Growth Remains a Key Focus
33 Highlights • Period-end deposits, excluding brokered, increased 3% QoQ • Period-end noninterest-bearing deposits increased 1% QoQ to 19% of total deposits • Declining rate deposit betas continue to match levels seen during rising rates while variable-rate loan beta improved due to rate cut/repric
Slide 34: Loan Growth and Higher NIM Drive Strong NII Growth
34 Loan Growth and Higher NIM Drive Strong NII Growth Net Interest Income & Net Interest Margin ($ in millions) NII NIM 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 $175 $200 $225 $250 $275 $300 $325 $350 $375 $400 2.75
Slide 35: Non-Interest Revenue Growth Remains Strong
35(1) Adjusted non-interest revenue is a non-GAAP financial measure that excludes gains and losses on sales of investment securities. Non-GAAP financial measures; see appendix for applicable reconciliations Non-Interest Revenue Growth Remains Strong ($ in Thousands) 4Q25 3Q25 4Q24 Linked-Quarter Ann
Slide 36: Non-Interest Expense Impacted by Hiring Model
36 (1) Adjusted noninterest expense is a non-GAAP financial measure that excludes the impact of ORE expense (income), the FDIC special assessment and merger-related expenses; (2) Adjusted efficiency ratio is a non-GAAP financial measure that excludes the impact of ORE expense (income), the FDIC spec
Slide 37: Credit Performance Remains Healthy
37 • NCOs were 0.28% in 4Q25 • 63% of NCOs in 4Q25 were from a single non-owner occupied CRE credit charge- off totaling $16.9MM • NPAs declined QoQ to 0.36% in 4Q25 Credit Performance Remains Healthy NCOs/Average Loans 0.14% 0.17% 0.17% 0.24% 0.28% 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 1Q
Slide 38: CRE Loan Portfolio: CRE & Construction NCOs
38 PNFP CRE & Construction NCO ($ in millions) and NCO % $(0.3) $(0.3) $(1.2) $(0.1) $(0.4) $2.0 $1.1 $0.3 $12.6 $— $0.1 $0.5 —% (0.01)% (0.03)% (0.02)% (0.02)% 0.07% 0.05% 0.04% 0.11% —% —% 0.01% 0.15% NCO ($s) NCO % Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Mar 25 Jun 25 Sep 2
Slide 39: NOOCRE/Construction 100/300 Ratio Trends
39 NOOCRE/Construction 100/300 Ratio Trends 86% 84% 71% 58% 164% 175% 172% 163% 100% Ratio - Target <70% 300% Ratio - Target <225% 2022 2023 2024 2025 —% 50% 100% 150% 200% 250% 300% CRE Loan Portfolio • Over 91% of NOOCRE Portfolio is in Pinnacle’s attractive Southeastern demographic markets • Redu
Slide 40: Multifamily Balances by Property Location
40 4Q25 Multifamily Balances by Property Location 12% 11% 8% 8% 7% 5% 4% 4% 4% 3% Charlotte NC Nashville TN Raleigh NC Atlanta GA Orlando FL Charleston SC Austin TX Knoxville TN Chattanooga TN Huntsville AL —% 2% 4% 6% 8% 10% 12% 14% Multifamily Highlights (DRAFT) (1) Balances include NOOCRE & Const
Slide 41: Warehouse Balances by Property Location
41 4Q25 Warehouse Balances by Property Location 10% 7% 6% 4% 4% 3% 3% 3% 3% 3% Charlotte NC Nashville TN Atlanta GA Asheville NC Spartanburg SC Baltimore MD Greensboro NC Winchester VA Indianapolis IN Cincinnati OH —% 2% 4% 6% 8% 10% 12% Multifamily Highlights (DRAFT)Warehouse Loan Portfolio Highlig
Slide 42: Professional Office Loan Portfolio Highlights
42 Multifamily Highlights (DRAFT) • 95% of Professional Office CRE properties are in the legacy PNFP footprint. • The concentration in Nashville is primarily due to the participation in the Nashville Yards project (approximately 13% of the 37%). The loan consists of 3 office towers; 2 are 100% lease
Slide 43: Single-Tenant and Multi-Tenant Office LTVs
43 4Q25 Single-Tenant Office LTVs LTV < 60% LTV 60% to 70% LTV 70% to 80% LTV ≥ 80% —% 10.0% 20.0% 30.0% 40.0% 50.0% 4Q25 Multi-Tenant Office LTVs LTV < 60% LTV 60% to 70% LTV 70% to 80% LTV ≥ 80% —% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% Multifamily Highlights (DRAFT)Professional Off
Slide 44: Net Charge-Offs by Loan Type
44 Net Charge-Offs by Loan Type Annualized Net Loan Charge Offs by Loan Type 0.10% 0.15% 0.23%0.21% 2022 2023 2024 2025 CRE Construction C&I Consumer RE Consumer and other Total Net Charge Off Rates (0.20)% —% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1.60%
Slide 45: BHG Financial Overview
45 • BHG facilitates loans in as little as 3 days from application to funding • A truly diversified funding strategy creates ample liquidity to fund loan originations through: • BHG’s proprietary online auction platform encompassing over 1,700 unique banks historically • Programmatic sponsorship in
Slide 46: BHG Credit Quality and Bank Auction Platform Rates
46 Bank Auction Platform Rates • Bank buy rates continued to decrease, demonstrating confidence in BHG credit • Auction platform spreads remain above long-term averages, finishing at 10.8% for 4Q25, highest since 2022 • BHG continues to work with bank partners to optimize risk/return dynamics and fa
Slide 47: BHG Has Diverse, Growing Funding Channels
47 • Committed corporate line of credit with multiple banks • Multiple warehouse facilities with large banks to support short term financing, minimal utilization in recent history • Private secured financing with asset managers and national banks • Since 2020, BHG has regularly sponsored ABS transac
Slide 48: BHG Financials
48 BHG Financials $ in thousands 4Q 2025 3Q 2025 2Q 2025 Interest Income $151,378 $145,836 $136,144 Interest Expense 44,348 43,021 41,600 Provision for Loan Losses 74,988 93,226 50,850 Net Interest Income After Provision for Loan Losses 32,042 9,589 43,694 Gains on Loan Sales and Origination Fees 14
Slide 49: Adjusted Net Income Available to Common Shareholders
49 ($ in thousands) 4Q25 3Q25 4Q24 2025 2024 Net income available to common shareholders $165,983 $169,338 $147,461 $626,673 $459,864 Subtract/add: Investment securities (gains) losses, net 4,099 — (249) 16,611 71,854 ORE expense 346 146 58 687 220 FDIC special assessment (7,500) — — (7,500) 7,250 R
Slide 50: PPNR and Adjusted Total Revenue (TE)
50 ($ in thousands) 4Q25 3Q25 4Q24 2025 2024 Net interest income $407,435 $396,865 $363,790 $1,548,261 $1,365,590 Total non-interest revenue 134,769 147,938 111,545 506,590 371,178 Total non-interest expense 302,656 303,139 261,897 1,167,728 1,034,970 Pre-provision net revenue (PPNR) $239,548 $241,6
Slide 51: Adjusted Return on Average Assets
51 ($ in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 Net income $165,983 $169,338 $154,742 $136,610 $147,461 Investment securities (gains) losses, net 4,099 — — 12,512 (249) ORE expense 346 146 137 58 58 FDIC special assessment (7,500) — — — — Merger-related expense (1) 13,939 7,727 — — — Tax effect of adju
Slide 52: Non-GAAP Financial Measures, Continued
52 Non-GAAP Financial Measures, Continued ($ in thousands) 2025 2024 Net income $626,673 $459,864 Subtract/add: Investment securities (gains) losses, net 16,611 71,854 ORE expense 687 220 FDIC special assessment (7,500) 7,250 Recognition of mortgage servicing asset — (11,812) Fees related to termina
Slide 53: Non-GAAP Financial Measures, Continued
53 Non-GAAP Financial Measures, Continued ($ in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 Net income available to common shareholders $165,983 $169,338 $154,742 $136,610 $147,461 Investment securities (gains) losses, net 4,099 — — 12,512 (249) ORE expense 346 146 137 58 58 FDIC special assessment (7,500)
Slide 54: Non-GAAP Financial Measures, Continued
54 Non-GAAP Financial Measures, Continued ($ in thousands) 2025 2024 Net income available to common shareholders $626,673 $459,864 Investment securities (gains) losses, net 16,611 71,854 ORE expense 687 220 FDIC special assessment (7,500) 7,250 Recognition of mortgage servicing asset — (11,812) Fees
Slide 55: Non-GAAP Financial Measures, Continued
55Amounts may not total due to rounding. Non-GAAP Financial Measures, Continued ($ in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 2025 2024 Total non-interest revenue $134,769 $147,938 $125,457 $98,426 $111,545 $506,590 $371,178 Investment securities (gains) losses, net 4,099 — — 12,512 (249) 16,611 71,854
Slide 56: Non-GAAP Financial Measures, Continued
56Amounts may not total due to rounding. Non-GAAP Financial Measures, Continued ($ in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 Total non-interest expense $302,656 $303,139 $286,446 $275,487 $261,897 ORE expense 346 146 137 58 58 FDIC special assessment (7,500) — — — — Merger-related expense 13,939 7,727
Slide 57: Non-GAAP Financial Measures, Continued
57Amounts may not total due to rounding. Non-GAAP Financial Measures, Continued ($ in thousands) 2025 2024 Total non-interest revenue $506,590 $371,178 Investment securities (gains) losses, net 16,611 71,854 Recognition of mortgage servicing asset — (11,812) Adjusted non-interest revenue $523,201 $4
Slide 58: Non-GAAP Financial Measures, Continued
58Amounts may not total due to rounding. Non-GAAP Financial Measures, Continued ($ in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 Total assets $57,706,053 $55,963,549 $54,801,451 $54,254,804 $52,589,449 Goodwill 1,848,904 1,848,904 1,848,904 1,849,260 1,849,260 Other intangible assets, net 29,715 18,108 19,
Slide 59: Reconciliation of Non-GAAP Financial Measures
59 Reconciliation of Non-GAAP Financial Measures
Slide 60: Synovus Standalone Fourth Quarter 2025 Supplemental Information
Synovus Standalone Fourth Quarter 2025 Supplemental Information
Slide 61: Synovus' Fourth Quarter 2025 Highlights
61 Credit Quality & Capital Non-Interest Revenue Non-Interest Expense Synovus' Fourth Quarter 2025 Highlights Net Interest Income • Strong 4Q25 loan growth was primarily attributable to corporate and investment banking, specialty lending verticals and middle market credits • Core deposit(1) growth w
Slide 62: Credit Quality
62 Credit Quality Amounts may not total due to rounding; (1) Annualized. 174% 185% 200% 249% 207% ACL to NPLs: Allowance for Credit Losses ($ in millions) $539 $529 $514 $520 $529 4Q24 1Q25 2Q25 3Q25 4Q25 Allowance for Credit Losses RatioAllowance for Credit Losses 1.27% 1.24% 1.18% 1.19% 1.19% $28
Slide 63: Risk Distribution
63 Risk Distribution ($ in millions) Amounts may not total due to rounding. $1,086 $1,333 $1,484 $1,527 $1,634 $1,590 $1,693 $1,683 $1,610 $1,566 $1,481 $1,341 2.5% 3.0% 3.4% 3.5% 3.8% 3.7% 3.9% 4.0% 3.8% 3.6% 3.4% 3.0% Criticized and Classified Loans % of Total Loans 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3
Slide 64: ACL/Loans: Economic Scenario Assumptions and Weightings
64 Amounts may not total due to rounding. (1) Other factors include the addition to the ACL associated with the cessation of a third-party lending relationships and decline in that portfolio as well as the impact of dispositions, etc; (2) Upside refers to November 2025 "S1" Upside 10th Percentile sc
Slide 65: 4Q25 Portfolio Characteristics
65 • 93% are income-producing properties • Diversity among property types and geographies • Industry Focused C&I(1) is well-diversified among multiple lines of business • C&I industry mix aligned with economic and demographic drivers • SNCs total $5.8 billion, ~$595 million of which is agented by SN
Slide 66: C&I Loan Portfolio
66 Credit Indicator 4Q25 NPL Ratio 0.62% Net Charge-off Ratio (annualized) 0.12% 30+ Days Past Due Ratio 0.10% 90+ Days Past Due Ratio 0.01% Diverse Industry Exposure 4Q25 Total C&I Portfolio $24.3 billion Amounts may not total due to rounding; (1) These segments are not two-digit NAICS industry div
Slide 67: Commercial Real Estate Loan Portfolio
67 Commercial Real Estate Loan Portfolio Composition of 4Q25 CRE Portfolio Total Portfolio $12.1 billion Investment Properties Land, Development and Residential Properties Portfolio Characteristics (as of December 31, 2025) Office Building Multi-family Shopping Centers Hotels Other Investment Proper
Slide 68: Consumer Credit Quality
68 Credit Indicator 4Q25 NPL Ratio 0.80% Net Charge-off Ratio (annualized) 0.54% 30+ Days Past Due Ratio 0.42% 90+ Days Past Due Ratio 0.02% Total Consumer Portfolio $8.2 billion Credit Indicator Home Equity Mortgage Weighted Average Credit Score of 4Q25 Originations 797 768 Weighted Average Credit
Slide 69: Total Average Deposit Costs
69 ($ in millions; rates annualized) December 2025 4Q25 3Q25 Avg. Rate Avg. Balance Avg. Rate Avg. Balance Avg. Rate Non-interest-bearing N/A $11,420 N/A $11,341 N/A Interest-bearing non-maturity (NMD) 2.13% $27,113 2.20% $26,609 2.43% Time 3.37% $7,566 3.37% $7,148 3.39% Brokered 3.94% $5,071 4.11%
Slide 70: Synovus Financial Performance Summary
70 4Q25 3Q25 2Q25 1Q25 4Q24 Financial Performance Diluted EPS $1.22 $1.33 $1.48 $1.30 $1.25 Net interest margin(1) 3.45% 3.41% 3.37% 3.35% 3.28% Efficiency ratio-TE 55.38 56.51 53.03 53.81 53.15 Adjusted tangible efficiency ratio(2) 51.29 51.83 52.31 53.26 52.69 ROAA(1) 1.18 1.30 1.46 1.32 1.25 Adju
Slide 71: Synovus Adjusted Net Income Available to Common Shareholders
71 ($ in thousands) 4Q25 3Q25 4Q24 2025 2024 Net income available to common shareholders $171,054 $185,590 $178,848 $746,655 $439,557 Restructuring charges (reversals) (338) (747) 37 (2,305) 2,121 Valuation adjustment on GLOBALT earnout (719) — (719) (719) (719) Valuation adjustment to Visa derivati
Slide 72: Synovus PPNR and Adjusted Revenue
72 ($ in thousands) 4Q25 3Q25 4Q24 2025 2024 Net interest income $484,577 $474,695 $454,993 $1,873,217 $1,749,577 Total non-interest revenue 145,094 140,697 125,587 536,392 239,604 Total non-interest expense (349,594) (348,729) (309,311) (1,322,058) (1,247,543) Pre-provision net revenue (PPNR) $280,
Slide 73: Synovus Adjusted Return on Average Assets
73 ($ in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 Net income $181,696 $196,505 $217,119 $194,872 $189,377 Restructuring charges (reversals) (338) (747) 72 (1,292) 37 Valuation adjustment on GLOBALT earnout (719) — — — (719) Valuation adjustment to Visa derivative 2,940 2,911 — 2,200 — (Gain) loss on earl
Slide 74: Synovus 2025 Adjusted Net Income and ROAA
74 ($ in thousands) 2025 2024 Net income $790,192 $479,451 Restructuring charges (reversals) (2,305) 2,121 Valuation adjustment to Visa derivative 8,051 8,700 Valuation adjustment on GLOBALT earnout (719) (719) Loss (gain) on early extinguishment of debt 1,344 — Investment securities losses (gains),
Slide 75: Synovus Adjusted ROTCE
75 ($ in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 Net income available to common shareholders $171,054 $185,590 $206,320 $183,691 $178,848 Restructuring charges (reversals) (338) (747) 72 (1,292) 37 Valuation adjustment on GLOBALT earnout (719) — — — (719) Loss (gain) on early extinguishment of debt 1,34
Slide 76: Synovus 2025 Adjusted Net Income Excluding Amortization
76 ($ in thousands) 2025 2024 Net income available to common shareholders $746,655 $439,557 Restructuring charges (reversals) (2,305) 2,121 Valuation adjustment to Visa derivative 8,051 8,700 Valuation adjustment on GLOBALT earnout (719) (719) Loss (gain) on early extinguishment of debt 1,344 — Inve
Slide 77: Synovus Adjusted Non-Interest Expense
77 Total non-interest expense $349,594 $348,729 $315,701 $308,034 $309,311 Restructuring (charges) reversals 338 747 (72) 1,292 (37) Valuation adjustment to Visa derivative (2,940) (2,911) — (2,200) — (Loss) gain on early extinguishment of debt (1,344) — — — — Fair value adjustment on non-qualified
Slide 78: Synovus 2025 Adjusted Non-Interest Revenue and Expense
78 ($ in thousands) 2025 2024 Total non-interest revenue $536,392 $239,604 Valuation adjustment on GLOBALT earnout (719) (719) Investment securities losses (gains), net (704) 256,660 Fair value adjustment on non-qualified deferred compensation (6,214) (5,159) Adjusted non-interest revenue $528,755 $
Slide 79: Synovus Tangible Common Equity Reconciliation
79 ($ in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 Total assets $61,358,837 $60,485,175 $61,056,785 $60,339,121 $60,233,644 Goodwill (480,440) (480,440) (480,440) (480,440) (480,440) Other intangible assets, net (23,809) (26,436) (29,063) (31,691) (34,318) Tangible assets $60,854,588 $59,978,299 $60,547,2
Pinnacle Financial Partners — Q4 2025 Earnings Presentation on 6ix