Pinnacle Financial Partners, Inc. · NYSE:PNFP
Pinnacle Financial Partners — Goldman Sachs 2025 Financial Services Conference
14 slides from Pinnacle Financial Partners's conference presentation, Dec 8, 2025
Slide 1: Goldman Sachs 2025 Financial Services Conference
Goldman Sachs 2025 Financial Services Conference December 9, 2025
Slide 2: Forward-looking statements
2 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 statements other than stateme
Slide 3: Non-GAAP financial measures
3 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 (TE) and adjusted non-interest expense. The
Slide 4: Pro Forma Branch Footprint
4 Pro Forma Branch Footprint Synovus Pro forma footprint population projected to grow 2x faster than national average Source: July 24, 2025, PNFP-SNV merger presentation; (1) 2025-2027E pro forma revenue growth CAGR of 10.5% (#1 among peers), 47% pro forma 2027E efficiency ratio (#1 among peers), 1.
Slide 5: Key Decisions Made in Contrast to Other MOEs
5 Brand Name Headquarters Leadership Team Operating Model Incentive Model Board of Directors Named Technology Stack Pinnacle Financial Partners and Pinnacle Bank Built on Synovus' highly-scalable FIS core platform Primarily based on company revenue and EPS growth Equity grants/team member ownership
Slide 6: Pinnacle Fourth Quarter 2025 Outlook Update
6 Pinnacle Fourth Quarter 2025 Update October 15, 2025 - Outlook December 7, 2025 – Outlook Update Y/Y EOP Loan Growth EOP loan growth for 2025 of 9-10% growth over 2024 year-end balances. Anticipate 2025 result approximating previous guidance Y/Y EOP Deposit Growth EOP deposit growth for 2025 of 8-
Slide 7: Key Assumptions
7 Key Assumptions 2026 Period-End Loan Growth 2026 Period-End Core Deposit Growth(1) Estimated Normalized NIM(2) % of Adjusted NIE(3) Synergies Realized in Year One Initial CET1 Ratio Target Estimated Revenue Synergies • Normalized rate environment should be conducive to low-cost deposit growth • Sp
Slide 8: Estimated Revenue Synergies
8 Relationship Expansion Capital Markets Specialty Expertise Treasury Capabilities Opportunities Revenue Synergies Estimated Revenue Synergies: ~100 MM - $130 MM Revenue Producer Hiring ~$60 Million - $70 MillionHold Limits Swap Fees ~$20 Million - $30 Million Arranger Fees FX Hedging CIC Syndicatio
Slide 9: NIM Run-Rate
9 NIM Run-Rate Net Interest Margin(1) ~3.50%3.34% Combined 3Q25 NIM for Pinnacle and Synovus Synovus Balance Sheet Marks 0.12%-0.15% 0.05%-0.08% Funding and Liquidity Actions PNFP Fixed- Rate Asset Repricing and Other 0.07%-0.10% Pro Forma Normalized Net Interest Margin(1) (1) Assumes a normalized r
Slide 10: Revenue Producer Hiring Targets
10 Revenue Producer Hiring Targets (1) (1) Year-to-Date as of September 30, 2025
Slide 11: Merger Timeline
Pinnacle + SyYNovuS Partnership Progress eave Merger Timeline November 5, 2025 Operating Council of Combined Senior Leaders Begins Meeting to Discuss and Monitor Integration July 24, 2025 August 22, 2025 Merger Agreement Merger Application September 30, 2025 November 25-26, 2025 Signed & Announced S
Slide 12: Board of Directors Recently Announced
12 Board of Directors Recently Announced
Slide 13: Appendix
13 Appendix
Slide 14: Pinnacle NDFI Portfolio
14 Fundings of $1.2 Billion, of which ~16% are Subscription Lines • The remaining $1.04 billion is a granular portfolio comprised of 130 borrowers across nine different platforms. • Represents 2.7% of total loans. • Only one non-pass loan under $170K. • Largest commitment is $75MM, with $58MM funded
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