# EDGAR Filing Document

**Accession Number:** 0000018349
**File Stem:** 0000018349-25-000118
**Filing Date:** 2025-10
**Character Count:** 141123
**Document Hash:** 60025585da0e211f78909639663bdf68
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000018349-25-000118.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0000018349-25-000118

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 63

**CONFORMED PERIOD OF REPORT**: 20251015

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SYNOVUS FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000018349
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 581134883
- **STATE OF INCORPORATION:** X1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-10312
- **FILM NUMBER:** 251395174

**BUSINESS ADDRESS:**
- **STREET 1:** 33 W 14TH STREET
- **CITY:** COLUMBUS
- **STATE:** GA
- **ZIP:** 31901
- **BUSINESS PHONE:** 7066416500

**MAIL ADDRESS:**
- **STREET 1:** 33 W 14TH STREET
- **CITY:** COLUMBUS
- **STATE:** GA
- **ZIP:** 31901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CB&T BANCSHARES INC
- **DATE OF NAME CHANGE:** 19890912

?xml version='1.0' encoding='ASCII'? syn-20251015

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

<u>October 15, 2025</u> 

Date of Report

(Date of Earliest Event Reported)

<u>Synovus Financial Corp.</u>

(Exact Name of Registrant as Specified in its Charter)

<u>Georgia</u> <u>1-10312</u> <u>58-1134883</u> <br> (State of Incorporation) (Commission File Number) (IRS Employer Identification No.)

<u>33 W. 14th Street, Columbus, Georgia 31901</u> 

(Address of principal executive offices) (Zip Code)

<u>(706) 641-6500</u> 

(Registrant's telephone number, including area code)

________________________________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

&nbsp;&nbsp;&nbsp;&nbsp;☒&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol</u> | <u>Name of each exchange on which registered</u> |
| Common Stock, $1.00 Par Value | SNV | &nbsp;&nbsp;New York Stock Exchange |
| Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D | SNV-PrD | &nbsp;&nbsp;New York Stock Exchange |
| Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E | SNV-PrE | &nbsp;&nbsp;New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| <u>Item 2.02</u> | <u>Results of Operations and Financial Condition</u> |
|  | On October 15, 2025, Synovus Financial Corp. (the "Company") issued a press release announcing the Company's financial results for the three and nine month period ended September 30, 2025. |
|  | Pursuant to General Instruction F to Current Report on Form 8-K, the press release is attached to this Current Report as <u>Exhibit 99.1</u> and only those portions of the press release related to the historical results of operations of the Company for the three and nine month period ended September 30, 2025 are incorporated into this Item 2.02 by reference. The information contained in this Item 2.02, including the information set forth in the press release filed as <u>Exhibit 99.1</u> to, and incorporated in, this Current Report is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in <u>Exhibit 99.1</u> furnished pursuant to this Item 2.02 shall not be incorporated by reference into any registration statement or other documents pursuant to the Securities Act of 1933, as amended (the "Securities Act"), or into any filing or other document pursuant to the Exchange Act except as otherwise expressly stated in any such filing. |

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| | |
|:---|:---|
| <u>Item 7.01</u> | <u>Regulation FD Disclosure</u> |
|  | On October 15, 2025, the Company made available the slide presentation ("Slide Presentation") prepared for use with the press release. The investor call and webcast will be held at 8:30 a.m., ET, on October 16, 2025.  |
|  | The information contained in this Item 7.01 of this Current Report, including the information set forth in the Slide Presentation filed as <u>Exhibit 99.2</u> to, and incorporated in, this Current Report, is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that Section. The information in <u>Exhibit 99.2</u> furnished pursuant to this Item 7.01 shall not be incorporated by reference into any registration statement or other documents pursuant to the Securities Act or into any filing or other document pursuant to the Exchange Act except as otherwise expressly stated in any such filing. |

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| | | |
|:---|:---|:---|
| <u>Item 9.01</u> | <u>Financial Statements and Exhibits</u> | <u>Financial Statements and Exhibits</u> |
| | (d) | Exhibits |
| | <u>Exhibit No.</u> | <u>Description</u> |
| | 99.1 | <u>[Synovus press release dated October 15, 2025](snv_09302025xex991xfilingx.htm)</u> |
| | 99.2 | <u>[Slide presentation prepared for use with the press release](snv_09302025xex992filing.htm)</u> |

---

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<u>Signature</u>

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Synovus has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
| | SYNOVUS FINANCIAL CORP. |
| Date: October 15, 2025 | By: <u>/s/ Allan E. Kamensky</u> |
|  | Name: Allan E. Kamensky |
|  | Title: Executive Vice President and General Counsel |

---

## Exhibit 99.1

Exhibit 99.1

![synovusa04.jpg](synovusa04.jpg)

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| | |
|:---|:---|
| **<u>Media Contact</u>** | **<u>Investor Contact</u>** |
| Audria Belton | Jennifer H. Demba, CFA |
| Media Relations | Investor Relations |
| <u>media@synovus.com</u>  | <u>investorrelations@synovus.com</u> |

---

**Synovus announces earnings for third quarter 2025**

**Diluted earnings per share of $1.33 versus $1.18 in 3Q24** 

**Adjusted diluted earnings per share of $1.46 versus $1.23 in 3Q24** 

**COLUMBUS, Ga., Oct. 15, 2025 -** Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended Sept. 30, 2025.

"Synovus delivered solid third-quarter results, driven by continued net interest margin expansion, strong non-interest revenue growth and favorable credit trends," said Synovus Chairman, CEO and President Kevin Blair. "While some may have anticipated that the merger announcement might distract from our near-term performance, our results this quarter tell a different story. We delivered continued strength in loan production, sustained momentum in fee generation and grew our team member base this quarter — all clear indicators of our focus, discipline and resilience. We feel highly confident that this momentum should continue in the final quarter of the year as we make great progress toward closing on our merger with Pinnacle Financial Partners in first quarter 2026."

**Third Quarter 2025 Highlights** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income available to common shareholders was $185.6 million, or $1.33 per diluted share, compared to $206.3 million, or $1.48, in second quarter 2025 and $169.6 million, or $1.18, in third quarter 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted net income available to common shareholders was $203.9 million, or $1.46 per diluted share, compared to $206.4 million, or $1.48, in second quarter 2025 and $177.1 million, or $1.23, in third quarter 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Pre-provision net revenue was $266.7 million, which declined 4% from second quarter 2025 and increased 6% year over year. Adjusted pre-provision net revenue of $292.6 million increased 5% on a linked quarter basis and rose 12% year over year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Net interest income grew $15.1 million, or 3%, from the second quarter and $34.0 million, or 8%, compared to third quarter 2024. On a linked quarter basis, the net interest margin expanded 4 basis points to 3.41% due to higher loan yields and hedge maturities, partially offset by higher cash balances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Average loans increased 1% from the prior quarter, driven by growth in structured lending and commercial real estate lines of business. Period-end, linked quarter loan growth was slower; loan production was healthy, but was partially offset by loan paydowns, a decline in corporate and investment banking loan utilization and delayed closings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Period-end core deposits (excluding brokered deposits) were $45.0 billion, a decrease of $230.4 million sequentially, primarily a result of a decline in public funds. Brokered deposits increased $309.2 million from the prior quarter. Average deposit balances were flat, while average deposit costs were relatively stable sequentially at 2.23%, despite a 25 basis point Fed Funds cut in September.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest revenue of $140.7 million increased $6.6 million, or 5%, sequentially and was up $16.7 million, or 13%, compared to third quarter 2024. Adjusted non-interest revenue of $136.4 million rose $5.5 million, or 4%, sequentially and increased $14.4 million, or 12%, from third quarter 2024. Linked quarter growth was driven by wealth revenue and capital markets income, while year-over-year growth was more broad-based with higher core banking fees, capital markets income and wealth revenue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest expense and adjusted non-interest expense were $348.7 million and $320.2 million, respectively. Non-interest expense increased 10% sequentially and 11% from third quarter 2024. Adjusted non-interest expense increased 3% from second quarter 2025 and 6% from a year ago. Merger-related expense in the third quarter was $23.8 million, mostly related to accounting, investment banking, consulting and legal fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit performance remained strong. The non-performing asset ratio improved to 0.53% compared to 0.59% in second quarter 2025, while the net charge-off ratio for third quarter 2025 was 0.14%, down from 0.17% in the prior quarter. Total past due loans were 0.10% of total loans outstanding compared to 0.24% in second quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provision for credit losses declined 7% year over year, but increased sequentially due to net growth, economic conditions and qualitative factors, offset by improved portfolio performance. The allowance for credit losses ratio (to loans) of 1.19% increased from 1.18% in the prior quarter, while our reserve for credit losses coverage of non-performing loans rose to 249% in third quarter 2025 from 200% in the prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The preliminary Common Equity Tier 1 (CET1) ratio ended third quarter 2025 at 11.24%.

**Pinnacle Financial Partners-Synovus Financial Corp. Pending Merger** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We continue to expect our pending merger with Pinnacle to close in first quarter 2026, subject to the receipt of required regulatory approvals, approval by Pinnacle and Synovus shareholders and the satisfaction of other customary closing conditions. The Pinnacle and Synovus teams have demonstrated significant progress in our merger integration planning. The entire post-closing executive leadership team has been finalized and communicated and all headcount-related decisions and employee communications are expected to be completed in the fourth quarter. We have communicated retention packages for key employees at both Pinnacle and Synovus. There have been significant technology stack decisions made as well. Our integration planning management offices, which were established in August, are working together diligently to complete the required work streams that are needed before and after the closing of the transaction, including our Large Financial Institution readiness.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our merger-related financial assumptions that we communicated in July are unchanged, but we now expect the company's pro forma CET1 ratio to be approximately 10.1% at the closing of the merger as a result of a more favorable rate environment and strong third quarter 2025 capital generation. We plan to issue 2026 pro forma company guidance after the merger closes early next year.

------

**Third Quarter Summary**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Reported** | **Reported** | **Reported** | **Adjusted** | **Adjusted** | **Adjusted** |
| *(dollars in thousands)* | **3Q25** | **2Q25** | **3Q24** | **3Q25** | **2Q25** | **3Q24** |
| Net income available to common shareholders | $185590 | $206320 | $169628 | $203930 | $206375 | $177120 |
| Diluted earnings per share | 1.33 | 1.48 | 1.18 | 1.46 | 1.48 | 1.23 |
| Total revenue | 615392 | 593696 | 564720 | 612794 | 592083 | 564051 |
| Total loans | 43753234 | 43536716 | 43120674 | NA | NA | NA |
| Total deposits | 50003729 | 49925007 | 50193740 | NA | NA | NA |
| Return on avg assets<sup>(1)</sup> | 1.30% | 1.46% | 1.21% | 1.42% | 1.46% | 1.26% |
| Return on avg common equity<sup>(1)</sup> | 14.36 | 16.71 | 14.38 | 15.78 | 16.71 | 15.02 |
| Return on avg tangible common equity<sup>(1)</sup> | 16.11 | 18.81 | 16.38 | 17.69 | 18.82 | 17.09 |
| Net interest margin<sup>(2)</sup> | 3.41 | 3.37 | 3.22 | NA | NA | NA |
| Efficiency ratio-TE<sup>(2)(3)</sup> | 56.5 | 53.0 | 55.4 | 51.8 | 52.3 | 53.0 |
| NCO ratio-QTD | 0.14 | 0.17 | 0.25 | NA | NA | NA |
| NPA ratio | 0.53 | 0.59 | 0.73 | NA | NA | NA |
| CET1 ratio<sup>(4)</sup> | 11.24 | 10.96 | 10.64 | NA | NA | NA |

---

(1) Annualized

(2) Taxable equivalent

(3) Adjusted tangible efficiency ratio

(4) Current period ratio preliminary

NA - not applicable

**Balance Sheet**

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loans**<sup>\*</sup> | **Loans**<sup>\*</sup> | **Loans**<sup>\*</sup> | | | | | |
| *(dollars in millions)* | **3Q25** | **2Q25** | **Linked Quarter Change** | **Linked Quarter % Change** | **3Q24** | **Year/Year Change** | **Year/Year % Change** |
| Commercial & industrial | $23229.0 | $23098.3 | $130.6 | 1% | $22664.0 | $565.0 | 2% |
| Commercial real estate | 12269.7 | 12139.7 | 130.1 | 1 | 12177.5 | 92.3 | 1 |
| Consumer | 8254.5 | 8298.7 | (44.2) | (1) | 8279.2 | (24.7) |  |
| Total loans | $43753.2 | $43536.7 | $216.5 | —% | $43120.7 | $632.6 | 1% |

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<sup>\*</sup>Amounts may not total due to rounding

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Deposits**<sup>\*</sup> | **Deposits**<sup>\*</sup> | **Deposits**<sup>\*</sup> | **Deposits**<sup>\*</sup> | | | | |
| *(dollars in millions)* | **3Q25** | **2Q25** | **Linked Quarter Change** | **Linked Quarter % Change** | **3Q24** | **Year/Year Change** | **Year/Year % Change** |
| Non-interest-bearing DDA | $10707.8 | $11219.8 | $(512.0) | (5)% | $11129.1 | $(421.3) | (4)% |
| Interest-bearing DDA | 7428.7 | 7124.8 | 303.9 | 4 | 6821.3 | 607.4 | 9 |
| Money market | 11761.7 | 11441.1 | 320.6 | 3 | 11031.5 | 730.2 | 7 |
| Savings | 955.7 | 971.9 | (16.2) | (2) | 983.2 | (27.5) | (3) |
| Public funds | 7350.3 | 7719.9 | (369.7) | (5) | 7047.6 | 302.7 | 4 |
| Time deposits | 6773.4 | 6730.4 | 43.0 | 1 | 8075.7 | (1302.3) | (16) |
| Brokered deposits | 5026.2 | 4717.1 | 309.2 | 7 | 5105.4 | (79.2) | (2) |
| Total deposits | $50003.7 | $49925.0 | $78.7 | —% | $50193.7 | $(190.0) | —% |

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<sup>\*</sup>Amounts may not total due to rounding

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Income Statement Summary**<sup>\*\*</sup> | **Income Statement Summary**<sup>\*\*</sup> | **Income Statement Summary**<sup>\*\*</sup> | **Income Statement Summary**<sup>\*\*</sup> | | | | |
| *(in thousands, except per share data)* | **3Q25** | **2Q25** | **Linked Quarter Change** | **Linked Quarter % Change** | **3Q24** | **Year/Year Change** | **Year/Year % Change** |
| Net interest income | 474695 | 459561 | $15134 | 3% | 440740 | $33955 | 8% |
| Non-interest revenue | 140697 | 134135 | 6562 | 5 | 123980 | 16717 | 13 |
| Non-interest expense | 348729 | 315701 | 33028 | 10 | 313690 | 35039 | 11 |
| Provision for (reversal of) credit losses | 21690 | 3245 | 18445 | NM | 23434 | (1744) | (7) |
| Income before taxes | 244973 | 274750 | $(29777) | (11)% | 227596 | $17377 | 8% |
| Income tax expense (benefit) | 48468 | 57631 | (9163) | (16) | 46912 | 1556 | 3 |
| Net income | 196505 | 217119 | (20614) | (9) | 180684 | 15821 | 9 |
| Less: Net income (loss) attributable to noncontrolling interest | (489) | (596) | 107 | 18 | (871) | 382 | 44 |
| Net income attributable to Synovus Financial Corp. | 196994 | 217715 | (20721) | (10) | 181555 | 15439 | 9 |
| Less: Preferred stock dividends | 11404 | 11395 | 9 |  | 11927 | (523) | (4) |
| Net income available to common shareholders | 185590 | 206320 | $(20730) | (10)% | 169628 | $15962 | 9% |
| Weighted average common shares outstanding, diluted | 139612 | 139502 | 110 | —% | 143979 | (4367) | (3)% |
| Diluted earnings per share | 1.33 | 1.48 | $(0.15) | (10) | 1.18 | $0.15 | 13 |
| Adjusted diluted earnings per share | 1.46 | 1.48 | (0.02) | (1) | 1.23 | 0.23 | 19 |
| Effective tax rate | 19.79% | 20.98% |  |  | 20.61% |  |  |

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<sup>\*\*&nbsp;&nbsp;&nbsp;&nbsp;</sup>Amounts may not total due to rounding

NM - not meaningful

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**Third Quarter Earnings Conference Call**

Synovus will host an earnings highlights conference call with an accompanying slide presentation at 8:30 a.m. ET on Oct. 16, 2025. The earnings call can be accessed with the listen-only dial-in phone number: 833-470-1428 (code: 826693). Shareholders and other interested parties may also listen to this conference call via simultaneous internet broadcast. For a link to the webcast, go to <u>investor.synovus.com/event</u>. The replay will be archived for at least 12 months and will be available approximately one hour after the call.

**Synovus Financial Corp**. is a financial services company based in Columbus, Georgia, with $60 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. As of Sept. 30, 2025, Synovus has 244 branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a <u>Great Place to Work-Certified Company</u>. Learn more about Synovus at <u>synovus.com.</u>

**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 statements other than statements of historical fact are forward-looking statements. These forward-looking statements include, but are not limited to, statements about the benefits of the proposed transaction between Synovus Financial Corp. ("Synovus") and Pinnacle Financial Partners, Inc. ("Pinnacle"), including future financial and operating results (including the anticipated impact of the proposed transaction on Synovus' and Pinnacle's respective earnings and tangible book value), statements related to the expected timing of the completion of the proposed transaction, the combined company's plans, objectives, expectations and intentions, and other statements that are not historical facts. You can identify these forward-looking statements through the use of words such as "believes," "anticipates," "expects," "may," "will," "assumes," "should," "predicts," "could," "would," "intends," "targets," "estimates," "projects," "plans," "potential" and other similar words and expressions of the future or otherwise regarding the outlook for Synovus', Pinnacle's or combined company's future businesses and financial performance and/or the performance of the banking industry and economy in general.

Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Synovus, Pinnacle or the combined company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Synovus or Pinnacle and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this communication. Many of these factors are beyond Synovus', Pinnacle's or the combined company's ability to control or predict. These factors include, among others, (1) the risk that the cost savings and synergies from the proposed transaction may not be fully realized or may take longer than anticipated to be realized, (2) disruption to Synovus' business and to Pinnacle's business as a result of the announcement and pendency of the proposed transaction, (3) the risk that the integration of Pinnacle's and Synovus' respective businesses and operations will be materially delayed or will be more costly or difficult than expected, including as a result of unexpected factors or events, (4) the failure to obtain the necessary approvals by the shareholders of Synovus or Pinnacle, (5) the amount of the costs, fees, expenses and charges related to the transaction, (6) the ability by each of Synovus and Pinnacle to obtain required governmental approvals of the proposed transaction on the timeline expected, or at all, and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company after the closing of the proposed transaction or adversely affect the expected benefits of the proposed transaction, (7) reputational risk and the reaction of each company's customers, suppliers, employees or other business partners to the proposed transaction, (8) the failure of the closing conditions in the merger agreement to be satisfied, or any unexpected delay in closing the proposed transaction or the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (9) the dilution caused by the issuance of shares of the combined company's common stock in the transaction, (10) the

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possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (11) risks related to management and oversight of the expanded business and operations of the combined company following the closing of the proposed transaction, (12) the possibility the combined company is subject to additional regulatory requirements as a result of the proposed transaction or expansion of the combined company's business operations following the proposed transaction, (13) the outcome of any legal or regulatory proceedings or governmental inquiries or investigations that may be currently pending or later instituted against Synovus, Pinnacle or the combined company and (14) general competitive, economic, political and market conditions and other factors that may affect future results of Synovus and Pinnacle including changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the impact, extent and timing of technological changes; and capital management activities. Additional factors which could affect future results of Synovus and Pinnacle can be found in Synovus' or Pinnacle's filings with the Securities and Exchange Commission (the "SEC"), including in Synovus' Annual Report on Form 10-K for the year ended December 31, 2024, under the captions "Forward-Looking Statements" and "Risk Factors," and Synovus' Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and Pinnacle's Annual Report on Form 10-K for the year ended December 31, 2024, under the captions "Forward-Looking Statements" and "Risk Factors," and in Pinnacle's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. Synovus and Pinnacle do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law.

**Important Information About the Merger and Where to Find It**

Steel Newco Inc. ("Newco") filed a registration statement on Form S-4 (File No. 333-289866) with the SEC on August 26, 2025, and an amendment on September 29, 2025, to register the shares of Newco common stock that will be issued to Pinnacle shareholders and Synovus shareholders in connection with the proposed transaction. The registration statement includes a joint proxy statement of Synovus and Pinnacle that also constitutes a prospectus of Newco. The registration statement was declared effective on September 30, 2025. Newco filed a prospectus on September 30, 2025, and Synovus and Pinnacle each filed a definitive proxy statement on September 30, 2025. Synovus and Pinnacle each commenced mailing of the definitive joint proxy statement/prospectus to their respective shareholders on or about September 30, 2025. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS (AND ANY OTHER DOCUMENTS THAT HAVE BEEN OR MAY BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS) BECAUSE SUCH DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by Synovus, Pinnacle or Newco through the website maintained by the SEC at http://www.sec.gov or by contacting the investor relations department of Synovus or Pinnacle at:

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| | |
|:---|:---|
| Synovus Financial Corp. | Pinnacle Financial Partners, Inc. |
| 33 West 14th Street | 21 Platform Way South |
| Columbus, GA 31901 | Nashville, TN 37203 |
| Attention: Investor Relations | Attention: Investor Relations |
| InvestorRelations@Synovus.com | Investor.Relations@pnfp.com |
| (706) 641-6500 | (615) 743-8219 |

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**Before making any voting or investment decision, investors and security holders of Synovus and Pinnacle are urged to read carefully the entire registration statement and definitive joint proxy statement/prospectus, including any amendments thereto, because they contain important information about the proposed transaction. Free copies of these documents may be obtained as described above.** 

**Participants in Solicitation**

Synovus and Pinnacle and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Synovus' shareholders and Pinnacle's shareholders in respect of the proposed transaction under the rules of the SEC. Information regarding Synovus' directors

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and executive officers is available in Synovus' proxy statement for its 2025 annual meeting of shareholders, filed with the SEC on March 12, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgardata/0000018349/000001834925000057/syn-20250312.htm) (the "Synovus 2025 Proxy"), under the headings "Corporate Governance and Board Matters," "Director Compensation," "Proposal 1 Election of Directors," "Executive Officers," "Stock Ownership of Directors and Named Executive Officers," "Executive Compensation," "Compensation and Human Capital Committee Report," "Summary Compensation Table," and "Certain Relationships and Related Transactions," and in Synovus' Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 21, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0000018349/000001834925000049/syn-20241231.htm), and in other documents subsequently filed by Synovus with the SEC, which can be obtained free of charge through the website maintained by the SEC at http://www.sec.gov. Any changes in the holdings of Synovus' securities by Synovus' directors or executive officers from the amounts described in the Synovus 2025 Proxy have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 or on Statements of Change in Ownership on Form 4 filed with the SEC subsequent to the filing date of the Synovus 2025 Proxy and are available at the SEC's website at www.sec.gov. Information regarding Pinnacle's directors and executive officers is available in Pinnacle's proxy statement for its 2025 annual meeting of shareholders, filed with the SEC on March 3, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1115055/000111505525000063/pnfp-20250303.htm) (the "Pinnacle 2025 Proxy"), under the headings "Environmental, Social and Corporate Governance," "Proposal 1 Election of Directors," "Information About Our Executive Officers," "Executive Compensation," "Security Ownership of Certain Beneficial Owners and Management," and "Certain Relationships and Related Transactions," and in Pinnacle's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 25, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1115055/000111505525000042/pnfp-20241231.htm), and in other documents subsequently filed by Pinnacle with the SEC, which can be obtained free of charge through the website maintained by the SEC at http://www.sec.gov. Any changes in the holdings of Pinnacle's securities by Pinnacle's directors or executive officers from the amounts described in the Pinnacle 2025 Proxy have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 or on Statements of Change in Ownership on Form 4 filed with the SEC subsequent to the filing date of the Pinnacle 2025 Proxy and are available at the SEC's website at www.sec.gov. Additional information regarding the interests of such participants is included in the definitive joint proxy statement/prospectus and will be included in other relevant materials to be filed with the SEC.

**No Offer or Solicitation** 

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Synovus** | **Synovus** | | | |
| **INCOME STATEMENT DATA** | | | | |
| **(Unaudited)** | | | | |
| (Dollars in thousands, except per share data) | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
|  | **2025** | **2024** | **'25 vs '24** | **'25 vs '24** |
|  | **2025** | **2024** | **% Change** | **% Change** |
| Interest income | $**2333526** | $2394459 | (3) | % |
| Interest expense | **944886** | 1099876 | (14) |  |
| Net interest income | **1388640** | 1294583 | 7 |  |
| Provision for (reversal of) credit losses | **35855** | 103818 | (65) |  |
| Net interest income after provision for credit losses | **1352785** | 1190765 | 14 |  |
| Non-interest revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | **74675** | 68403 | 9 |  |
| &nbsp;&nbsp;&nbsp;Fiduciary and asset management fees | **61288** | 58455 | 5 |  |
| &nbsp;&nbsp;&nbsp;Card fees | **61253** | 57343 | 7 |  |
| &nbsp;&nbsp;&nbsp;Brokerage revenue | **62779** | 63974 | (2) |  |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | **12147** | 11395 | 7 |  |
| &nbsp;&nbsp;&nbsp;Capital markets income | **33845** | 31988 | 6 |  |
| &nbsp;&nbsp;&nbsp;Income from bank-owned life insurance | **27991** | 23886 | 17 |  |
| &nbsp;&nbsp;&nbsp;Investment securities gains (losses), net | **1742** | (256660) | nm | nm |
| &nbsp;&nbsp;&nbsp;Other non-interest revenue | **55577** | 55233 | 1 |  |
| Total non-interest revenue | **391297** | 114017 | 243 |  |
| Non-interest expense: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and other personnel expense | **575006** | 552742 | 4 |  |
| &nbsp;&nbsp;&nbsp;Net occupancy, equipment, and software expense | **146330** | 140200 | 4 |  |
| &nbsp;&nbsp;&nbsp;Third-party processing and other services | **67715** | 63593 | 6 |  |
| &nbsp;&nbsp;&nbsp;Professional fees | **33283** | 34140 | (3) |  |
| &nbsp;&nbsp;&nbsp;FDIC insurance and other regulatory fees | **23120** | 37694 | (39) |  |
| &nbsp;&nbsp;&nbsp;Restructuring charges (reversals) | **(1968)** | 2084 | nm | nm |
| &nbsp;&nbsp;&nbsp;Merger-related expense | **23757** |  | nm | nm |
| &nbsp;&nbsp;&nbsp;Other operating expenses | **105221** | 107779 | (2) |  |
| Total non-interest expense | **972464** | 938232 | 4 |  |
| Income before income taxes | **771618** | 366550 | 111 |  |
| Income tax expense | **163122** | 76476 | 113 |  |
| Net income | **608496** | 290074 | 110 |  |
| Less: Net income (loss) attributable to noncontrolling interest | **(1227)** | (1960) | 37 |  |
| Net income attributable to Synovus Financial Corp. | **609723** | 292034 | 109 |  |
| Less: Preferred stock dividends | **34122** | 31325 | 9 |  |
| Net income available to common shareholders | $**575601** | $260709 | 121 | % |
| Net income per common share, basic | $**4.13** | $1.80 | 129 | % |
| Net income per common share, diluted | **4.10** | 1.79 | 129 |  |
| Cash dividends declared per common share | **1.17** | 1.14 | 3 |  |
| Return on average assets \* | **1.36%** | 0.66% | 70 | bps |
| Return on average common equity \* | **15.50** | 7.63 | nm | nm |
| Weighted average common shares outstanding, basic | **139452** | 145039 | (4) | % |
| Weighted average common shares outstanding, diluted | **140289** | 145718 | (4) |  |
| nm - not meaningful |  |  |  |  |
| bps - basis points |  |  |  |  |
| \* - ratios are annualized |  |  |  |  |
| Amounts may not total due to rounding |  |  |  |  |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Synovus** | | | | | | | |
| **INCOME STATEMENT DATA** | | | | | | | |
| **(Unaudited)** | | | | | | | |
| (Dollars in thousands, except per share data) | **2025** | **2025** | **2025** | **2024** | **2024** | **Third Quarter** | **Third Quarter** |
|  | **Third Quarter** | **Second Quarter** | **First Quarter** | **Fourth Quarter** | **Third Quarter** | **'25 vs '24** | **'25 vs '24** |
|  | **Third Quarter** | **Second Quarter** | **First Quarter** | **Fourth Quarter** | **Third Quarter** | **% Change** | **% Change** |
| Interest income | $**795119** | 771642 | 766765 | 799130 | 810507 | (2) | % |
| Interest expense | **320424** | 312081 | 312381 | 344137 | 369767 | (13) |  |
| Net interest income | **474695** | 459561 | 454384 | 454993 | 440740 | 8 |  |
| Provision for (reversal of) credit losses | **21690** | 3245 | 10921 | 32867 | 23434 | (7) |  |
| Net interest income after provision for credit losses | **453005** | 456316 | 443463 | 422126 | 417306 | 9 |  |
| Non-interest revenue: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | **26303** | 25258 | 23114 | 23244 | 23683 | 11 |  |
| &nbsp;&nbsp;&nbsp;Fiduciary and asset management fees | **21039** | 20332 | 19917 | 21373 | 19714 | 7 |  |
| &nbsp;&nbsp;&nbsp;Card fees | **19894** | 20132 | 21227 | 19577 | 18439 | 8 |  |
| &nbsp;&nbsp;&nbsp;Brokerage revenue | **21673** | 20748 | 20359 | 20907 | 20810 | 4 |  |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | **4374** | 4435 | 3338 | 2665 | 4033 | 8 |  |
| &nbsp;&nbsp;&nbsp;Capital markets income | **13944** | 12960 | 6941 | 12070 | 10284 | 36 |  |
| &nbsp;&nbsp;&nbsp;Income from bank-owned life insurance | **9628** | 10279 | 8084 | 10543 | 8442 | 14 |  |
| &nbsp;&nbsp;&nbsp;Investment securities gains (losses), net | **1742** |  |  |  |  | nm | nm |
| &nbsp;&nbsp;&nbsp;Other non-interest revenue | **22100** | 19991 | 13486 | 15208 | 18575 | 19 |  |
| Total non-interest revenue | **140697** | 134135 | 116466 | 125587 | 123980 | 13 |  |
| Non-interest expense: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and other personnel expense | **197313** | 192182 | 185510 | 184725 | 184814 | 7 |  |
| &nbsp;&nbsp;&nbsp;Net occupancy, equipment, and software expense | **49089** | 48589 | 48652 | 47251 | 46977 | 4 |  |
| &nbsp;&nbsp;&nbsp;Third-party processing and other services | **22306** | 23535 | 21874 | 22158 | 21552 | 3 |  |
| &nbsp;&nbsp;&nbsp;Professional fees | **13307** | 10197 | 9779 | 11949 | 10854 | 23 |  |
| &nbsp;&nbsp;&nbsp;FDIC insurance and other regulatory fees | **7042** | 7534 | 8544 | 8227 | 7382 | (5) |  |
| &nbsp;&nbsp;&nbsp;Restructuring charges (reversals) | **(747)** | 72 | (1292) | 37 | 1219 | nm | nm |
| &nbsp;&nbsp;&nbsp;Merger-related expense | **23757** |  |  |  |  | nm | nm |
| &nbsp;&nbsp;&nbsp;Other operating expenses | **36662** | 33592 | 34967 | 34964 | 40892 | (10) |  |
| Total non-interest expense | **348729** | 315701 | 308034 | 309311 | 313690 | 11 |  |
| Income before income taxes | **244973** | 274750 | 251895 | 238402 | 227596 | 8 |  |
| Income tax expense | **48468** | 57631 | 57023 | 49025 | 46912 | 3 |  |
| Net income | **196505** | 217119 | 194872 | 189377 | 180684 | 9 |  |
| Less: Net income (loss) attributable to noncontrolling interest | **(489)** | (596) | (142) | (1049) | (871) | 44 |  |
| Net income attributable to Synovus Financial Corp. | **196994** | 217715 | 195014 | 190426 | 181555 | 9 |  |
| Less: Preferred stock dividends | **11404** | 11395 | 11323 | 11578 | 11927 | (4) |  |
| Net income available to common shareholders | $**185590** | 206320 | 183691 | 178848 | 169628 | 9 | % |
| Net income per common share, basic | $**1.34** | 1.49 | 1.31 | 1.26 | 1.19 | 13 | % |
| Net income per common share, diluted | **1.33** | 1.48 | 1.30 | 1.25 | 1.18 | 13 |  |
| Cash dividends declared per common share | **0.39** | 0.39 | 0.39 | 0.38 | 0.38 | 3 |  |
| Return on average assets \* | **1.30%** | 1.46 | 1.32 | 1.25 | 1.21 | 9 | bps |
| Return on average common equity \* | **14.36** | 16.71 | 15.48 | 14.75 | 14.38 | (2) | bps |
| Weighted average common shares outstanding, basic | **138803** | 138891 | 140684 | 141555 | 143144 | (3) | % |
| Weighted average common shares outstanding, diluted | **139612** | 139502 | 141775 | 142694 | 143979 | (3) |  |
| nm - not meaningful |  |  |  |  |  |  |  |
| bps - basis points |  |  |  |  |  |  |  |
| \* - ratios are annualized |  |  |  |  |  |  |  |
| Amounts may not total due to rounding |  |  |  |  |  |  |  |

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| | | | |
|:---|:---|:---|:---|
| **Synovus** | | | |
| **BALANCE SHEET DATA** | **September 30, 2025** | **December 31, 2024** | **September 30, 2024** |
| **(Unaudited)** | | | |
| (In thousands, except share data) |  |  |  |
| ASSETS |  |  |  |
| Interest-earning deposits with banks and other cash and cash equivalents | $**2239915** | $2977667 | $1807641 |
| Federal funds sold and securities purchased under resale agreements | **34292** | 16320 | 45971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash, cash equivalents, and restricted cash | **2274207** | 2993987 | 1853612 |
| Investment securities held to maturity | **2450885** | 2581469 | 2622457 |
| Investment securities available for sale | **7575468** | 7551018 | 7554168 |
| Loans held for sale (includes $41,083, $33,448 and $36,943 measured at fair value, respectively) | **147811** | 90111 | 121470 |
| Loans, net of deferred fees and costs | **43753234** | 42609028 | 43120674 |
| Allowance for loan losses | **(469521)** | (486845) | (484985) |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, net | **43283713** | 42122183 | 42635689 |
| Cash surrender value of bank-owned life insurance | **1156297** | 1139988 | 1133652 |
| Premises, equipment, and software, net | **376013** | 383724 | 380267 |
| Goodwill | **480440** | 480440 | 480440 |
| Other intangible assets, net | **26436** | 34318 | 37207 |
| Other assets | **2713905** | 2856406 | 2770666 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $**60485175** | $60233644 | $59589628 |
| LIABILITIES AND EQUITY |  |  |  |
| Liabilities: |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-interest-bearing deposits | $**11053423** | $11596119 | $11561626 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | **38950306** | 39499240 | 38632114 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **50003729** | 51095359 | 50193740 |
| Federal funds purchased and securities sold under repurchase agreements, and other short-term borrowings | **62467** | 131728 | 94055 |
| Long-term debt | **3008195** | 1733109 | 2021050 |
| Other liabilities | **1571580** | 2007197 | 1902612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | **54645971** | 54967393 | 54211457 |
| Equity: |  |  |  |
| &nbsp;&nbsp;&nbsp;Shareholders' equity: |  |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock - no par value. Authorized 100,000,000 shares; issued 22,000,000 | **537145** | 537145 | 537145 |
| &nbsp;&nbsp;&nbsp;Common stock - $1.00 par value. Authorized 342,857,142 shares; issued 172,734,160, 172,185,507 and 172,077,277 respectively; outstanding 138,813,060, 141,165,908 and 141,997,383 respectively | **172734** | 172186 | 172077 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | **3999363** | 3986729 | 3976706 |
| &nbsp;&nbsp;Treasury stock, at cost; 33,921,100, 31,019,599, and 30,079,894 shares, respectively | **(1359096)** | (1216827) | (1167130) |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive income (loss), net | **(676797)** | (970765) | (773786) |
| &nbsp;&nbsp;&nbsp;Retained earnings | **3145388** | 2736089 | 2610964 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Synovus Financial Corp. shareholders' equity | **5818737** | 5244557 | 5355976 |
| &nbsp;&nbsp;&nbsp;Noncontrolling interest in subsidiary | **20467** | 21694 | 22195 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total equity | **5839204** | 5266251 | 5378171 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and equity | $**60485175** | $60233644 | $59589628 |

---

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Synovus** | **Synovus** | | | | | | | | |
| &nbsp;&nbsp;**AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | &nbsp;&nbsp;**AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | &nbsp;&nbsp;**AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | &nbsp;&nbsp;**AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | &nbsp;&nbsp;**AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | &nbsp;&nbsp;**AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | &nbsp;&nbsp;**AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | &nbsp;&nbsp;**AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | &nbsp;&nbsp;**AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | &nbsp;&nbsp;**AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** |
| &nbsp;&nbsp;**(Unaudited)** | | | | | | | | | |
| | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** | **Second Quarter 2025** | **Second Quarter 2025** | **Second Quarter 2025** | **Third Quarter 2024** | **Third Quarter 2024** | **Third Quarter 2024** |
| *(dollars in thousands)* | **Average Balance** | **Interest** | **Yield/<br> Rate** | **Average Balance** | **Interest** | **Yield/<br> Rate** | **Average Balance** | **Interest** | **Yield/<br> Rate** |
| **Assets** |  |  |  |  |  |  |  |  |  |
| Interest earning assets: |  |  |  |  |  |  |  |  |  |
| Commercial loans <sup>(1) (2)</sup>  | $**35041225** | $**572417** | **6.48%** | $34539952 | $550768 | 6.39% | $34610296 | $592142 | 6.81% |
| Consumer loans <sup>(1)</sup>  | **8258139** | **109760** | **5.29** | 8278835 | 108705 | 5.26 | 8298130 | 109908 | 5.28 |
| Less: Allowance for loan losses | **(464057)** | **—** | **—** | (474658) |  |  | (482863) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, net | **42835307** | **682177** | **6.32** | 42344129 | 659473 | 6.25 | 42425563 | 702050 | 6.59 |
| Total investment securities<sup>(3)</sup> | **10494221** | **91440** | **3.49** | 10734276 | 93720 | 3.49 | 10420665 | 87643 | 3.36 |
| Interest-earning deposits with other banks | **1796065** | **19668** | **4.29** | 1531139 | 16525 | 4.27 | 1374565 | 18440 | 5.26 |
| Federal funds sold and securities purchased under resale agreements&nbsp;&nbsp;&nbsp;&nbsp; | **24695** | **208** | **3.30** | 29766 | 219 | 2.91 | 33850 | 363 | 4.20 |
| Mortgage loans held for sale | **33468** | **561** | **6.70** | 38913 | 582 | 5.98 | 34890 | 612 | 7.01 |
| Other loans held for sale | **96203** | **577** | **2.35** | 88348 | 516 | 2.31 | 83492 | 433 | 2.03 |
| Other earning assets<sup>(4)</sup> | **227966** | **2224** | **3.90** | 196539 | 2269 | 4.61 | 185369 | 2359 | 5.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest earning assets | **55507925** | **796855** | **5.70%** | 54963110 | 773304 | 5.64% | 54558394 | 811900 | 5.92% |
| Cash and due from banks | **555477** |  |  | 461767 |  |  | 476443 |  |  |
| Premises and equipment | **379240** |  |  | 381260 |  |  | 380003 |  |  |
| Other real estate | **15143** |  |  | 1059 |  |  | 666 |  |  |
| Cash surrender value of bank-owned life insurance | **1151651** |  |  | 1147894 |  |  | 1128877 |  |  |
| Other assets<sup>(5)</sup>&nbsp;&nbsp;&nbsp;&nbsp; | **2476116** |  |  | 2622023 |  |  | 2639241 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $**60085552** |  |  | $59577113 |  |  | $59183624 |  |  |
| **Liabilities and Equity** |  |  |  |  |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |  |  |  |
| Interest-bearing demand deposits&nbsp;&nbsp;&nbsp;&nbsp; | $**11324747** | **63034** | **2.21%** | $11534256 | 63656 | 2.21% | $10834829 | 71786 | 2.64% |
| Money market accounts | **14306362** | **99698** | **2.76** | 14322197 | 98275 | 2.75 | 13058527 | 104514 | 3.18 |
| Savings deposits | **978165** | **375** | **0.15** | 994159 | 355 | 0.14 | 1007962 | 355 | 0.14 |
| Time deposits | **7147913** | **61142** | **3.39** | 7205998 | 62047 | 3.45 | 8437861 | 93052 | 4.39 |
| Brokered deposits | **5059127** | **57274** | **4.49** | 4760027 | 53976 | 4.55 | 5476231 | 75607 | 5.49 |
| Federal funds purchased and securities sold under repurchase agreements&nbsp;&nbsp;&nbsp;&nbsp; | **73507** | **233** | **1.24** | 62543 | 186 | 1.17 | 94629 | 369 | 1.53 |
| Other short-term borrowings | **—** | **—** | **—** |  |  |  | 2209 | 29 | 5.20 |
| Long-term debt | **2665975** | **38668** | **5.75** | 2111647 | 33586 | 6.35 | 1385836 | 24055 | 6.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | **41555796** | **320424** | **3.06%** | 40990827 | 312081 | 3.05% | 40298084 | 369767 | 3.65% |
| Non-interest-bearing demand deposits | **11340508** |  |  | 11386117 |  |  | 11665661 |  |  |
| Other liabilities | **1504367** |  |  | 1689533 |  |  | 1967351 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total equity | **5684881** |  |  | 5510636 |  |  | 5252528 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and equity | $**60085552** |  |  | $59577113 |  |  | $59183624 |  |  |
| Net interest income and net interest margin, taxable equivalent <sup>(6)</sup> |  | $**476431** | **3.41%** |  | $461223 | 3.37% |  | $442133 | 3.22% |
| Less: taxable-equivalent adjustment |  | **1736** |  |  | 1662 |  |  | 1393 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income |  | $**474695** |  |  | $459561 |  |  | $440740 |  |

---

<sup>(1)</sup> Average loans are shown net of unearned income. NPLs are included. Interest income includes fees as follows: Third Quarter 2025 — $12.7 million, Second Quarter 2025 — $11.5 million, and Third Quarter 2024 — $12.7 million.

<sup>(2)</sup> Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans to a taxable-equivalent basis.

<sup>(3)</sup> Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

<sup>(4)</sup> Includes trading account assets and FHLB and Federal Reserve Bank Stock.

<sup>(5)</sup> Includes average net unrealized gains (losses) on investment securities available for sale of $(350.4) million, $(394.9) million, and $(424.6) million for the Third Quarter 2025, Second Quarter 2025, and Third Quarter 2024, respectively.

<sup>(6)</sup> The net interest margin is calculated by dividing annualized net interest income-TE by average total interest earning assets.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Synovus** | **Synovus** | | | | | |
| **AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | **AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | **AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | **AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | **AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | **AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** | **AVERAGE BALANCES, INTEREST, AND YIELDS/RATES** |
| **(Unaudited)** | | | | | | |
| | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| *(dollars in thousands)* | **Average Balance** | **Interest** | **Yield/<br> Rate** | **Average Balance** | **Interest** | **Yield/<br> Rate** |
| **Assets** |  |  |  |  |  |  |
| Interest earning assets: |  |  |  |  |  |  |
| Commercial loans <sup>(1) (2)</sup>  | $**34617321** | $**1666671** | **6.44%** | $34852642 | $1769316 | 6.78% |
| Consumer loans <sup>(1)</sup>  | **8260429** | **324808** | **5.25** | 8363281 | 328681 | 5.24 |
| Less: Allowance for loan losses | **(472854)** | **—** | **—** | (485540) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, net | **42404896** | **1991479** | **6.28** | 42730383 | 2097997 | 6.56 |
| Total investment securities<sup>(3)</sup> | **10661697** | **278512** | **3.48** | 10646738 | 238440 | 2.99 |
| Interest-earning deposits with other banks | **1792886** | **58366** | **4.30** | 1271481 | 50988 | 5.27 |
| Federal funds sold and securities purchased under resale agreements&nbsp;&nbsp;&nbsp;&nbsp; | **24891** | **557** | **2.95** | 31018 | 788 | 3.34 |
| Mortgage loans held for sale | **32250** | **1516** | **6.27** | 34012 | 1773 | 6.95 |
| Other loans held for sale | **84633** | **1478** | **2.30** | 66109 | 982 | 1.95 |
| Other earning assets<sup>(4)</sup> | **201132** | **6593** | **4.37** | 194393 | 7546 | 5.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest earning assets | **55202385** | $**2338501** | **5.66%** | 54974134 | $2398514 | 5.83% |
| Cash and due from banks | **505688** |  |  | 510807 |  |  |
| Premises and equipment | **381568** |  |  | 375574 |  |  |
| Other real estate | **5542** |  |  | 6223 |  |  |
| Cash surrender value of bank-owned life insurance | **1147528** |  |  | 1121807 |  |  |
| Other assets<sup>(5)</sup>&nbsp;&nbsp;&nbsp;&nbsp; | **2604458** |  |  | 2162476 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $**59847169** |  |  | $59151021 |  |  |
| **Liabilities and Equity** |  |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |
| Interest-bearing demand deposits&nbsp;&nbsp;&nbsp;&nbsp; | $**11489775** | $**189501** | **2.21%** | $10738505 | $206010 | 2.56% |
| Money market accounts | **14177981** | **290870** | **2.74** | 12834830 | 307024 | 3.20 |
| Savings deposits | **988758** | **1050** | **0.14** | 1033696 | 946 | 0.12 |
| Time deposits | **7374919** | **194244** | **3.52** | 8241879 | 272976 | 4.42 |
| Brokered deposits | **4908916** | **166492** | **4.53** | 5565332 | 226778 | 5.44 |
| Federal funds purchased and securities sold under repurchase agreements&nbsp;&nbsp;&nbsp;&nbsp; | **70428** | **627** | **1.17** | 107546 | 1587 | 1.94 |
| Other short-term borrowings | **—** | **—** | **—** | 60763 | 2514 | 5.44 |
| Long-term debt | **2186879** | **102102** | **6.21** | 1604966 | 82041 | 6.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | **41197656** | $**944886** | **3.07%** | 40187517 | $1099876 | 3.66% |
| Non-interest-bearing demand deposits | **11377318** |  |  | 11944508 |  |  |
| Other liabilities | **1748845** |  |  | 1894545 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total equity | **5523350** |  |  | 5124451 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and equity | $**59847169** |  |  | $59151021 |  |  |
| Net interest income, taxable equivalent net interest margin <sup>(6)</sup> |  | $**1393615** | **3.38%** |  | $1298638 | 3.16% |
| Less: taxable-equivalent adjustment |  | **4975** |  |  | 4055 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income |  | $**1388640** |  |  | $1294583 |  |

---

<sup>(1)</sup> Average loans are shown net of unearned income. NPLs are included. Interest income includes fees as follows: 2025 — $37.5 million and 2024 — $35.7 million.

<sup>(2)</sup> Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans to a taxable-equivalent basis.

<sup>(3)</sup> Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

<sup>(4)</sup> Includes trading account assets and FHLB and Federal Reserve Bank Stock.

<sup>(5)</sup> Includes average net unrealized gains (losses) on investment securities available for sale of $(405.8) million and $(836.6) million for the nine months ended September 30, 2025 and 2024, respectively.

<sup>(6)</sup> The net interest margin is calculated by dividing annualized net interest income-TE by average total interest earning assets.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Synovus** | | | | | |
| &nbsp;&nbsp;**LOANS OUTSTANDING BY TYPE** | | | | | |
| &nbsp;&nbsp;**(Unaudited)** | **Total Loans** | **Total Loans** | **Linked Quarter** | **Total Loans** | **Year/Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;(Dollars in thousands) | **Total Loans** | **Total Loans** | **Linked Quarter** | **Total Loans** | **Year/Year** |
|  | **Total Loans** | **Total Loans** | **Linked Quarter** | **Total Loans** | **Year/Year** |
| Loan Type | **September 30, 2025** | **June 30, 2025** | **% Change** | **September 30, 2024** | **% Change** |
| Commercial, Financial, and Agricultural | $**15360223** | $15238812 | 1% | $14563913 | 5% |
| Owner-Occupied | **7868746** | 7859532 |  | 8100084 | (3) |
| **Total Commercial & Industrial** | **23228969** | 23098344 | 1 | 22663997 | 2 |
| Multi-Family | **4184821** | 4162623 | 1 | 4379459 | (4) |
| Hotels | **1804352** | 1822720 | (1) | 1738068 | 4 |
| Office Buildings | **1617937** | 1677966 | (4) | 1778698 | (9) |
| Shopping Centers | **1392004** | 1325773 | 5 | 1260460 | 10 |
| Warehouses | **960604** | 883586 | 9 | 837145 | 15 |
| Other Investment Property | **1502389** | 1436852 | 5 | 1352719 | 11 |
| **Total Investment Properties** | **11462107** | 11309520 | 1 | 11346549 | 1 |
| 1-4 Family Construction | **218582** | 209509 | 4 | 190705 | 15 |
| 1-4 Family Investment Mortgage | **329745** | 327369 | 1 | 337425 | (2) |
| **Total 1-4 Family Properties** | **548327** | 536878 | 2 | 528130 | 4 |
| Commercial Development | **58447** | 58627 |  | 48948 | 19 |
| Residential Development | **79943** | 77001 | 4 | 67525 | 18 |
| Land Acquisition | **120916** | 157664 | (23) | 186332 | (35) |
| **Land and Development** | **259306** | 293292 | (12) | 302805 | (14) |
| **Total Commercial Real Estate** | **12269740** | 12139690 | 1 | 12177484 | 1 |
| Consumer Mortgages | **5237683** | 5246940 |  | 5323443 | (2) |
| Home Equity | **1842126** | 1852884 | (1) | 1809286 | 2 |
| Credit Cards | **176367** | 194630 | (9) | 181386 | (3) |
| Other Consumer Loans | **998349** | 1004228 | (1) | 965078 | 3 |
| **Total Consumer** | **8254525** | 8298682 | (1) | 8279193 |  |
| &nbsp;&nbsp;&nbsp;**Total** | $**43753234** | $43536716 | —% | $43120674 | 1% |
| &nbsp;&nbsp;**NON-PERFORMING LOANS COMPOSITION** | &nbsp;&nbsp;**NON-PERFORMING LOANS COMPOSITION** |  |  |  |  |
| &nbsp;&nbsp;**(Unaudited)** | **Total <br>Non-performing Loans** | **Total <br>Non-performing Loans** | **Linked Quarter** | **Total <br>Non-performing Loans** | **Year/Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;(Dollars in thousands) | **Total <br>Non-performing Loans** | **Total <br>Non-performing Loans** | **Linked Quarter** | **Total <br>Non-performing Loans** | **Year/Year** |
|  | **Total <br>Non-performing Loans** | **Total <br>Non-performing Loans** | **Linked Quarter** | **Total <br>Non-performing Loans** | **Year/Year** |
| Loan Type | **September 30, 2025** | **June 30, 2025** | **% Change** | **September 30, 2024** | **% Change** |
| Commercial, Financial, and Agricultural | $**89095** | $110181 | (19)% | $107004 | (17)% |
| Owner-Occupied | **9777** | 19128 | (49) | 48390 | (80) |
| **Total Commercial & Industrial** | **98872** | 129309 | (24) | 155394 | (36) |
| Multi-Family | **114** | 211 | (46) | 1692 | (93) |
| Office Buildings | **33439** | 55634 | (40) | 78281 | (57) |
| Shopping Centers | **1534** | 503 | 205 | 523 | 193 |
| Warehouses | **120** | 131 | (8) | 163 | (26) |
| Other Investment Property | **604** | 1044 | (42) | 1612 | (63) |
| **Total Investment Properties** | **35811** | 57523 | (38) | 82271 | (56) |
| 1-4 Family Construction | **—** |  | nm | 311 | nm |
| 1-4 Family Investment Mortgage | **2144** | 2386 | (10) | 2533 | (15) |
| **Total 1-4 Family Properties** | **2144** | 2386 | (10) | 2844 | (25) |
| Commercial Development | **46** | 47 | (2) |  | nm |
| Residential Development | **—** |  | nm | 268 | nm |
| Land Acquisition | **666** | 1307 | (49) | 1422 | (53) |
| **Land and Development** | **712** | 1354 | (47) | 1690 | (58) |
| **Total Commercial Real Estate** | **38667** | 61263 | (37) | 86805 | (55) |
| Consumer Mortgages | **44993** | 43476 | 3 | 48956 | (8) |
| Home Equity | **20800** | 17713 | 17 | 15837 | 31 |
| Other Consumer Loans | **5995** | 5654 | 6 | 5972 |  |
| **Total Consumer** | **71788** | 66843 | 7 | 70765 | 1 |
| &nbsp;&nbsp;&nbsp;**Total** | $**209327** | $257415 | (19)% | $312964 | (33)% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Synovus** | | | | | | |
| **CREDIT QUALITY DATA** | **CREDIT QUALITY DATA** | **CREDIT QUALITY DATA** | **CREDIT QUALITY DATA** | **CREDIT QUALITY DATA** | **CREDIT QUALITY DATA** | |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | | | | |
| (Dollars in thousands) | **2025** | **2025** | **2025** | **2024** | **2024** | **Third Quarter** |
|  | **Third** | **Second** | **First** | **Fourth** | **Third** | **'25 vs '24** |
|  | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **% Change** |
| Non-performing Loans (NPLs) | $**209327** | 257415 | 286629 | 309164 | 312964 | (33)% |
| Other Real Estate and Other Assets | **22395** | 1198 | 563 | 385 | 386 | nm |
| Non-performing Assets (NPAs) | **231722** | 258613 | 287192 | 309549 | 313350 | (26) |
| Allowance for Loan Losses (ALL) | **469521** | 464831 | 478207 | 486845 | 484985 | (3) |
| Reserve for Unfunded Commitments | **50748** | 48975 | 50655 | 52462 | 49556 | 2 |
| Allowance for Credit Losses (ACL) | **520269** | 513806 | 528862 | 539307 | 534541 | (3) |
| Net Charge-Offs - Quarter | **15227** | 18301 | 21366 | 28101 | 27052 |  |
| Net Charge-Offs - YTD | **54894** | 39667 | 21366 | 133994 | 105893 |  |
| Net Charge-Offs / Average Loans - Quarter <sup>(1)</sup> | **0.14%** | 0.17 | 0.20 | 0.26 | 0.25 |  |
| Net Charge-Offs / Average Loans - YTD <sup>(1)</sup> | **0.17** | 0.19 | 0.20 | 0.31 | 0.33 |  |
| NPLs / Loans | **0.48** | 0.59 | 0.67 | 0.73 | 0.73 |  |
| NPAs / Loans, ORE and specific other assets | **0.53** | 0.59 | 0.67 | 0.73 | 0.73 |  |
| ACL/Loans | **1.19** | 1.18 | 1.24 | 1.27 | 1.24 |  |
| ALL/Loans | **1.07** | 1.07 | 1.12 | 1.14 | 1.12 |  |
| ACL/NPLs | **248.54** | 199.60 | 184.51 | 174.44 | 170.80 |  |
| ALL/NPLs | **224.30** | 180.58 | 166.84 | 157.47 | 154.96 |  |
| Past Due Loans over 90 days and Still Accruing | $**3801** | 40065 | 40886 | 48592 | 4359 | (13) |
| As a Percentage of Loans Outstanding | **0.01%** | 0.09 | 0.10 | 0.11 | 0.01 |  |
| Total Past Due Loans and Still Accruing | $**44183** | 104267 | 93493 | 108878 | 97229 | (55) |
| As a Percentage of Loans Outstanding | **0.10%** | 0.24 | 0.22 | 0.26 | 0.23 |  |
| <sup>(1)</sup> Ratio is annualized. | <sup>(1)</sup> Ratio is annualized. | <sup>(1)</sup> Ratio is annualized. | <sup>(1)</sup> Ratio is annualized. | <sup>(1)</sup> Ratio is annualized. | <sup>(1)</sup> Ratio is annualized. | <sup>(1)</sup> Ratio is annualized. |
| **SELECTED CAPITAL INFORMATION** <sup>(1)</sup> |  |  |  |  |  |  |
| **(Unaudited)** |  |  |  |  |  |  |
| (Dollars in thousands) |  |  |  |  |  |  |
|  | **September 30, 2025** | **December 31, 2024** | **September 30, 2024** |  |  |  |
| Common Equity Tier 1 Capital Ratio | **11.24%** | 10.84 | 10.64 |  |  |  |
| Tier 1 Capital Ratio | **12.34** | 11.96 | 11.76 |  |  |  |
| Total Risk-Based Capital Ratio | **14.07** | 13.81 | 13.60 |  |  |  |
| Tier 1 Leverage Ratio | **10.02** | 9.55 | 9.55 |  |  |  |
| Total Synovus Financial Corp. shareholders' equity as a Percentage of Total Assets | **9.62** | 8.71 | 8.99 |  |  |  |
| Tangible Common Equity Ratio <sup>(2)</sup> | **7.96** | 7.02 | 7.28 |  |  |  |
| Book Value Per Common Share <sup>(3)</sup> | $**38.05** | 33.35 | 33.94 |  |  |  |
| Tangible Book Value Per Common Share <sup>(4)</sup> | **34.40** | 29.70 | 30.29 |  |  |  |
| <sup>(1)</sup> Current quarter regulatory capital information is preliminary. | <sup>(1)</sup> Current quarter regulatory capital information is preliminary. | <sup>(1)</sup> Current quarter regulatory capital information is preliminary. | <sup>(1)</sup> Current quarter regulatory capital information is preliminary. |  |  |  |
| <sup>(2)</sup> See "Non-GAAP Financial Measures" for applicable reconciliation. | <sup>(2)</sup> See "Non-GAAP Financial Measures" for applicable reconciliation. | <sup>(2)</sup> See "Non-GAAP Financial Measures" for applicable reconciliation. | <sup>(2)</sup> See "Non-GAAP Financial Measures" for applicable reconciliation. | <sup>(2)</sup> See "Non-GAAP Financial Measures" for applicable reconciliation. |  |  |
| <sup>(3)</sup> Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock divided by total common shares outstanding. | <sup>(3)</sup> Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock divided by total common shares outstanding. | <sup>(3)</sup> Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock divided by total common shares outstanding. | <sup>(3)</sup> Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock divided by total common shares outstanding. | <sup>(3)</sup> Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock divided by total common shares outstanding. | <sup>(3)</sup> Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock divided by total common shares outstanding. |  |
| <sup>(4)</sup> Tangible Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock and less the carrying value of goodwill and other intangible assets divided by total common shares outstanding. | <sup>(4)</sup> Tangible Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock and less the carrying value of goodwill and other intangible assets divided by total common shares outstanding. | <sup>(4)</sup> Tangible Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock and less the carrying value of goodwill and other intangible assets divided by total common shares outstanding. | <sup>(4)</sup> Tangible Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock and less the carrying value of goodwill and other intangible assets divided by total common shares outstanding. | <sup>(4)</sup> Tangible Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock and less the carrying value of goodwill and other intangible assets divided by total common shares outstanding. | <sup>(4)</sup> Tangible Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock and less the carrying value of goodwill and other intangible assets divided by total common shares outstanding. |  |

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**Non-GAAP Financial Measures**

The measures entitled adjusted non-interest revenue, non-interest expense; adjusted revenue taxable equivalent (TE); adjusted tangible efficiency ratio; adjusted pre-provision net revenue (PPNR); adjusted return on average assets; adjusted net income available to common shareholders; adjusted diluted earnings per share; adjusted return on average common equity; return on average tangible common equity; adjusted return on average tangible common equity; and tangible common equity ratio are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The most comparable GAAP measures to these measures are total non-interest revenue; total non-interest expense; total revenue; efficiency ratio-TE; PPNR; return on average assets; net income available to common shareholders; diluted earnings per share; return on average common equity; and the ratio of total Synovus Financial Corp. shareholders' equity to total assets, respectively.

Management believes that these non-GAAP financial measures provide meaningful additional information about Synovus to assist management and investors in evaluating Synovus' operating results, financial strength, the performance of its business, and the strength of its capital position. However, these non-GAAP financial measures have inherent limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP. The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Adjusted non-interest revenue and adjusted revenue (TE) are measures used by management to evaluate non-interest revenue and total revenue exclusive of net investment securities gains (losses), fair value adjustments on non-qualified deferred compensation and other items not indicative of ongoing operations that could impact period-to-period comparisons. Adjusted non-interest expense and the adjusted tangible efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. Adjusted net income available to common shareholders, adjusted diluted earnings per share, adjusted return on average assets, adjusted return on average common equity, and adjusted PPNR are measures used by management to evaluate operating results exclusive of items that are not indicative of ongoing operations and impact period-to-period comparisons. Return on average tangible common equity and adjusted return on average tangible common equity are measures used by management to compare Synovus' performance with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization, thereby allowing management to evaluate the performance of the business consistently. The tangible common equity ratio is used by stakeholders to assess our capital position. The computations of these measures are set forth in the tables below.

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| | | | |
|:---|:---|:---|:---|
| **Reconciliation of Non-GAAP Financial Measures** | | | |
| *(dollars in thousands)* | **3Q25** | **2Q25** | **3Q24** |
| **Adjusted non-interest revenue** |  |  |  |
| Total non-interest revenue | $**140697** | $134135 | $123980 |
| Investment securities (gains) losses, net | **(1742)** |  |  |
| Fair value adjustment on non-qualified deferred compensation | **(2592)** | (3275) | (2062) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted non-interest revenue | $**136363** | $130860 | $121918 |
| **Adjusted non-interest expense** |  |  |  |
| Total non-interest expense | $**348729** | $315701 | $313690 |
| Merger-related expense | **(23757)** |  |  |
| Restructuring (charges) reversals | **747** | (72) | (1219) |
| Valuation adjustment to Visa derivative | **(2911)** |  | (8700) |
| Fair value adjustment on non-qualified deferred compensation | **(2592)** | (3275) | (2062) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted non-interest expense | $**320216** | $312354 | $301709 |

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| | | | |
|:---|:---|:---|:---|
| **Reconciliation of Non-GAAP Financial Measures, continued** | | | |
| *(dollars in thousands)* | **3Q25** | **2Q25** | **3Q24** |
| **Adjusted revenue (TE) and tangible efficiency ratio** |  |  |  |
| Adjusted non-interest expense | $**320216** | $312354 | $301709 |
| Amortization of intangibles | **(2627)** | (2627) | (2907) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted tangible non-interest expense | $**317589** | $309727 | $298802 |
| Net interest income | $**474695** | $459561 | $440740 |
| Tax equivalent adjustment | **1736** | 1662 | 1393 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income (TE) | **476431** | 461223 | 442133 |
| Net interest income | $**474695** | $459561 | $440740 |
| Total non-interest revenue | **140697** | 134135 | 123980 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue | $**615392** | $593696 | $564720 |
| Tax equivalent adjustment | **1736** | 1662 | 1393 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total TE revenue | **617128** | 595358 | 566113 |
| Investment securities losses (gains), net | **(1742)** |  |  |
| Fair value adjustment on non-qualified deferred compensation | **(2592)** | (3275) | (2062) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted revenue (TE) | $**612794** | $592083 | $564051 |
| Efficiency ratio-TE | **56.5%** | 53.0% | 55.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted tangible efficiency ratio | **51.8** | 52.3 | 53.0 |
| **Adjusted pre-provision net revenue** |  |  |  |
| Net interest income | $**474695** | $459561 | $440740 |
| Total non-interest revenue | **140697** | 134135 | 123980 |
| Total non-interest expense | **(348729)** | (315701) | (313690) |
| &nbsp;&nbsp;&nbsp;&nbsp;Pre-provision net revenue (PPNR) | $**266663** | $277995 | $251030 |
| Adjusted revenue (TE) | $**612794** | $592083 | $564051 |
| Adjusted non-interest expense | **(320216)** | (312354) | (301709) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted PPNR | $**292578** | $279729 | $262342 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Reconciliation of Non-GAAP Financial Measures, continued** | | | | |
| *(dollars in thousands)* | **3Q25** | **3Q25** | **2Q25** | **3Q24** |
| **Adjusted return on average assets (annualized)** |  |  |  |  |
| Net income | **$** | **196505** | $217119 | $180684 |
| Restructuring charges (reversals) | **(747)** | **(747)** | 72 | 1219 |
| Valuation adjustment to Visa derivative | **2911** | **2911** |  | 8700 |
| Investment securities losses (gains), net | **(1742)** | **(1742)** |  |  |
| Merger-related expense<sup>(1)</sup> | **23757** | **23757** |  |  |
| Tax effect of adjustments<sup>(2)</sup> | **(5839)** | **(5839)** | (17) | (2427) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted net income | **$** | **214845** | $217174 | $188176 |
| Net income annualized | **$** | **779612** | $870862 | $718808 |
| Adjusted net income annualized | **$** | **852374** | $871083 | $748613 |
| Total average assets | **$** | **60085552** | $59577113 | $59183624 |
| Return on average assets (annualized) | **1.30** | **1.30%** | 1.46% | 1.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted return on average assets (annualized) | **1.42** | **1.42** | 1.46 | 1.26 |
| **Adjusted net income available to common shareholders and adjusted diluted earnings per share** |  |  |  |  |
| Net income available to common shareholders | **$** | **185590** | $206320 | $169628 |
| Restructuring charges (reversals) | **(747)** | **(747)** | 72 | 1219 |
| Valuation adjustment to Visa derivative | **2911** | **2911** |  | 8700 |
| Investment securities losses (gains), net | **(1742)** | **(1742)** |  |  |
| Merger-related expense<sup>(1)</sup> | **23757** | **23757** |  |  |
| Tax effect of adjustments<sup>(2)</sup> | **(5839)** | **(5839)** | (17) | (2427) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted net income available to common shareholders | **$** | **203930** | $206375 | $177120 |
| Weighted average common shares outstanding, diluted | **139612** | **139612** | 139502 | 143979 |
| Diluted earnings per share | **$** | **1.33** | $1.48 | $1.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted diluted earnings per share | **1.46** | **1.46** | 1.48 | 1.23 |
| <sup>(1)</sup> Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items. | <sup>(1)</sup> Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items. | <sup>(1)</sup> Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items. | <sup>(1)</sup> Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items. | <sup>(1)</sup> Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items. |
| <sup>(2)</sup> An assumed marginal tax rate of 24.2% for 3Q25 and 2Q25 and 24.5% for 3Q24 was applied. | <sup>(2)</sup> An assumed marginal tax rate of 24.2% for 3Q25 and 2Q25 and 24.5% for 3Q24 was applied. | <sup>(2)</sup> An assumed marginal tax rate of 24.2% for 3Q25 and 2Q25 and 24.5% for 3Q24 was applied. |  |  |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **Reconciliation of Non-GAAP Financial Measures, continued** | **Reconciliation of Non-GAAP Financial Measures, continued** | **Reconciliation of Non-GAAP Financial Measures, continued** | | |
| *(dollars in thousands)* | **3Q25** | **3Q25** | **2Q25** | **3Q24** |
| **Adjusted return on average common equity, return on average tangible common equity, and adjusted return on average tangible common equity (annualized)** |  |  |  |  |
| Net income available to common shareholders | **$** | **185590** | $206320 | $169628 |
| Restructuring charges (reversals) | **(747)** | **(747)** | 72 | 1219 |
| Valuation adjustment to Visa derivative | **2911** | **2911** |  | 8700 |
| Investment securities losses (gains), net | **(1742)** | **(1742)** |  |  |
| Merger-related expense<sup>(1)</sup> | **23757** | **23757** |  |  |
| Tax effect of adjustments<sup>(2)</sup> | **(5839)** | **(5839)** | (17) | (2427) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted net income available to common shareholders | **$** | **203930** | $206375 | $177120 |
| Adjusted net income available to common shareholders annualized | **$** | **809070** | $827768 | $704630 |
| Amortization of intangibles, tax effected, annualized | **7907** | **7907** | 7993 | 8735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted net income available to common shareholders excluding amortization of intangibles annualized | **$** | **816977** | $835761 | $713365 |
| Net income available to common shareholders annualized | **$** | **736308** | $827547 | $674824 |
| Amortization of intangibles, tax effected, annualized | **7907** | **7907** | 7993 | 8735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income available to common shareholders excluding amortization of intangibles annualized | **$** | **744215** | $835540 | $683559 |
| Total average Synovus Financial Corp. shareholders' equity less preferred stock | **$** | **5127084** | $4952297 | $4692722 |
| Average goodwill | **(480440)** | **(480440)** | (480440) | (480440) |
| Average other intangible assets, net | **(27665)** | **(27665)** | (30398) | (38793) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total average Synovus Financial Corp. tangible shareholders' equity less preferred stock | **$** | **4618979** | $4441459 | $4173489 |
| Return on average common equity (annualized) | **14.36** | **14.36%** | 16.71% | 14.38% |
| &nbsp;&nbsp;&nbsp;Adjusted return on average common equity (annualized) | **15.78** | **15.78** | 16.71 | 15.02 |
| &nbsp;&nbsp;&nbsp;Return on average tangible common equity (annualized) | **16.11** | **16.11** | 18.81 | 16.38 |
| &nbsp;&nbsp;&nbsp;Adjusted return on average tangible common equity (annualized) | **17.69** | **17.69** | 18.82 | 17.09 |
| <sup>(1)</sup> Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items. | <sup>(1)</sup> Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items. | <sup>(1)</sup> Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items. | <sup>(1)</sup> Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items. | <sup>(1)</sup> Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items. |
| <sup>(2)</sup> An assumed marginal tax rate of 24.2% for 3Q25 and 2Q25 and 24.5% for 3Q24 was applied. | <sup>(2)</sup> An assumed marginal tax rate of 24.2% for 3Q25 and 2Q25 and 24.5% for 3Q24 was applied. | <sup>(2)</sup> An assumed marginal tax rate of 24.2% for 3Q25 and 2Q25 and 24.5% for 3Q24 was applied. |  |  |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;*(dollars in thousands)* | **September 30, 2025** | **December 31, 2024** | **September 30, 2024** |
| **Tangible common equity ratio** |  |  |  |
| Total assets | $**60485175** | $60233644 | $59589628 |
| Goodwill | **(480440)** | (480440) | (480440) |
| Other intangible assets, net | **(26436)** | (34318) | (37207) |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible assets | $**59978299** | $59718886 | $59071981 |
| Total Synovus Financial Corp. shareholders' equity | $**5818737** | $5244557 | $5355976 |
| Goodwill | **(480440)** | (480440) | (480440) |
| Other intangible assets, net | **(26436)** | (34318) | (37207) |
| Preferred Stock, no par value | **(537145)** | (537145) | (537145) |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity | $**4774716** | $4192654 | $4301184 |
| Total Synovus Financial Corp. shareholders' equity to total assets ratio | **9.62%** | 8.71% | 8.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity ratio | **7.96** | 7.02 | 7.28 |
| Amounts may not total due to rounding |  |  |  |

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## Exhibit 99.2

![](snv_09302025xex992filing001.jpg)

Earnings Results Third Quarter 2025 Exhibit 99.2

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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 statements of historical fact are forward-looking statements. These forward-looking statements include, but are not limited to, statements about the benefits of the proposed transaction between Synovus Financial Corp. ("Synovus") and Pinnacle Financial Partners, Inc. ("Pinnacle"), including future financial and operating results (including the anticipated impact of the proposed transaction on Synovus' and Pinnacle's respective earnings and tangible book value), statements related to the expected timing of the completion of the proposed transaction, the combined company's plans, objectives, expectations and intentions, and other statements that are not historical facts. You can identify these forward-looking statements through the use of words such as "believes," "anticipates," "expects," "may," "will," "assumes," "should," "predicts," "could," "would," "intends," "targets," "estimates," "projects," "plans," "potential" and other similar words and expressions of the future or otherwise regarding the outlook for Synovus', Pinnacle's or combined company's future businesses and financial performance and/or the performance of the banking industry and economy in general. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Synovus, Pinnacle or the combined company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Synovus or Pinnacle and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this communication. Many of these factors are beyond Synovus', Pinnacle's or the combined company's ability to control or predict. These factors include, among others, (1) the risk that the cost savings and synergies from the proposed transaction may not be fully realized or may take longer than anticipated to be realized, (2) disruption to Synovus' business and to Pinnacle's business as a result of the announcement and pendency of the proposed transaction, (3) the risk that the integration of Pinnacle's and Synovus' respective businesses and operations will be materially delayed or will be more costly or difficult than expected, including as a result of unexpected factors or events, (4) the failure to obtain the necessary approvals by the shareholders of Synovus or Pinnacle, (5) the amount of the costs, fees, expenses and charges related to the transaction, (6) the ability by each of Synovus and Pinnacle to obtain required governmental approvals of the proposed transaction on the timeline expected, or at all, and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company after the closing of the proposed transaction or adversely affect the expected benefits of the proposed transaction, (7) reputational risk and the reaction of each company's customers, suppliers, employees or other business partners to the proposed transaction, (8) the failure of the closing conditions in the merger agreement to be satisfied, or any unexpected delay in closing the proposed transaction or the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (9) the dilution caused by the issuance of shares of the combined company's common stock in the transaction, (10) the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (11) risks related to management and oversight of the expanded business and operations of the combined company following the closing of the proposed transaction, (12) the possibility the combined company is subject to additional regulatory requirements as a result of the proposed transaction or expansion of the combined company's business operations following the proposed transaction, (13) the outcome of any legal or regulatory proceedings or governmental inquiries or investigations that may be currently pending or later instituted against Synovus, Pinnacle or the combined company and (14) general competitive, economic, political and market conditions and other factors that may affect future results of Synovus and Pinnacle including changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the impact, extent and timing of technological changes; and capital management activities. Additional factors which could affect future results of Synovus and Pinnacle can be found in Synovus' or Pinnacle's filings with the Securities and Exchange Commission (the "SEC"), including in Synovus' Annual Report on Form 10-K for the year ended December 31, 2024, under the captions "Forward-Looking Statements" and "Risk Factors," and Synovus' Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and Pinnacle's Annual Report on Form 10-K for the year ended December 31, 2024, under the captions "Forward-Looking Statements" and "Risk Factors," and in Pinnacle's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. Synovus and Pinnacle do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law. Forward-Looking Statements

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3 Steel Newco Inc. ("Newco") filed a registration statement on Form S-4 (File No. 333-289866) with the SEC on August 26, 2025, and an amendment on September 29, 2025, to register the shares of Newco common stock that will be issued to Pinnacle shareholders and Synovus shareholders in connection with the proposed transaction. The registration statement includes a joint proxy statement of Synovus and Pinnacle that also constitutes a prospectus of Newco. The registration statement was declared effective on September 30, 2025. Newco filed a prospectus on September 30, 2025, and Synovus and Pinnacle each filed a definitive proxy statement on September 30, 2025. Synovus and Pinnacle each commenced mailing of the definitive joint proxy statement/prospectus to their respective shareholders on or about September 30, 2025. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS (AND ANY OTHER DOCUMENTS THAT HAVE BEEN OR MAY BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS) BECAUSE SUCH DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by Synovus, Pinnacle or Newco through the website maintained by the SEC at http://www.sec.gov or by contacting the investor relations department of Synovus or Pinnacle at: Synovus Financial Corp. Pinnacle Financial Partners, Inc. 33 West 14th Street 21 Platform Way South Columbus, GA 31901 Nashville, TN 37203 Attention: Investor Relations Attention: Investor Relations InvestorRelations@Synovus.com Investor.Relations@pnfp.com (706) 641-6500 (615) 743-8219 Before making any voting or investment decision, investors and security holders of Synovus and Pinnacle are urged to read carefully the entire registration statement and definitive joint proxy statement/ prospectus, including any amendments thereto, because they contain important information about the proposed transaction. Free copies of these documents may be obtained as described above. Participants in Solicitation Synovus and Pinnacle and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Synovus' shareholders and Pinnacle's shareholders in respect of the proposed transaction under the rules of the SEC. Information regarding Synovus' directors and executive officers is available in Synovus' proxy statement for its 2025 annual meeting of shareholders, filed with the SEC on March 12, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0000018349/000001834925000057/syn-20250312.htm) (the "Synovus 2025 Proxy"), under the headings "Corporate Governance and Board Matters," "Director Compensation," "Proposal 1 Election of Directors," "Executive Officers," "Stock Ownership of Directors and Named Executive Officers," "Executive Compensation," "Compensation and Human Capital Committee Report," "Summary Compensation Table," and "Certain Relationships and Related Transactions," and in Synovus' Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 21, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgar/ data/0000018349/000001834925000049/syn-20241231.htm), and in other documents subsequently filed by Synovus with the SEC, which can be obtained free of charge through the website maintained by the SEC at http://www.sec.gov. Any changes in the holdings of Synovus' securities by Synovus' directors or executive officers from the amounts described in the Synovus 2025 Proxy have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 or on Statements of Change in Ownership on Form 4 filed with the SEC subsequent to the filing date of the Synovus 2025 Proxy and are available at the SEC's website at www.sec.gov. Information regarding Pinnacle's directors and executive officers is available in Pinnacle's proxy statement for its 2025 annual meeting of shareholders, filed with the SEC on March 3, 2025 (and available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1115055/000111505525000063/pnfp-20250303.htm) (the "Pinnacle 2025 Proxy"), under the headings "Environmental, Social and Corporate Governance," "Proposal 1 Election of Directors," "Information About Our Executive Officers," "Executive Compensation," "Security Ownership of Certain Beneficial Owners and Management," and "Certain Relationships and Related Transactions," and in Pinnacle's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 25, 2025 (and available at https:// www.sec.gov/ix?doc=/Archives/edgar/data/1115055/000111505525000042/pnfp-20241231.htm), and in other documents subsequently filed by Pinnacle with the SEC, which can be obtained free of charge through the website maintained by the SEC at http://www.sec.gov. Any changes in the holdings of Pinnacle's securities by Pinnacle's directors or executive officers from the amounts described in the Pinnacle 2025 Proxy have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 or on Statements of Change in Ownership on Form 4 filed with the SEC subsequent to the filing date of the Pinnacle 2025 Proxy and are available at the SEC's website at www.sec.gov. Additional information regarding the interests of such participants is included in the definitive joint proxy statement/prospectus and will be included in other relevant materials to be filed with the SEC. No Offer or Solicitation This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Important Information About the Merger and Where to Find It

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4 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 diluted earnings per share; adjusted return on average assets; return on average tangible common equity; adjusted return on average tangible common equity; adjusted non-interest revenue; adjusted revenue taxable equivalent (TE); adjusted non-interest expense; adjusted tangible efficiency ratio; tangible common equity ratio; and adjusted pre-provision net revenue (PPNR). The most comparable GAAP measures to these measures are diluted earnings (loss) per share; return on average assets; return on average common equity; total non-interest revenue; total revenue; total non-interest expense; efficiency ratio-TE; total Synovus Financial Corp. shareholders' equity to total assets ratio; and PPNR, respectively. Management believes that these non-GAAP financial measures provide meaningful additional information about Synovus to assist management and investors in evaluating Synovus' operating results, financial strength, the performance of its business and the strength of its capital position. However, these non-GAAP financial measures have inherent limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP. The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Adjusted diluted earnings per share, adjusted return on average assets, and adjusted PPNR are measures used by management to evaluate operating results exclusive of items that are not indicative of ongoing operations and impact period-to-period comparisons. Return on average tangible common equity and adjusted return on average tangible common equity are measures used by management to compare Synovus' performance with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization, thereby allowing management to evaluate the performance of the business consistently. Adjusted non-interest revenue and adjusted revenue TE are measures used by management to evaluate non-interest revenue and total revenue exclusive of net investment securities gains (losses), fair value adjustments on non-qualified deferred compensation, and other items not indicative of ongoing operations that could impact period-to-period comparisons. Adjusted non-interest expense and the adjusted tangible efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. The tangible common equity ratio is used by stakeholders to assess our capital position. The computations of the non- GAAP financial measures used in this slide presentation are set forth in the appendix to this slide presentation. Management does not provide a reconciliation for forward-looking non-GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Synovus' control, or cannot be reasonably predicted. For the same reasons, Synovus' management is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. Use of Non-GAAP Financial Measures

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5 Income Statement Summary (GAAP) ($ in thousands, except per share data) 3Q25 % Change QoQ % Change YoY Net Interest Income $474,695 3% 8% Provision for Credit Losses $21,690 NM (7)% Non-Interest Revenue $140,697 5% 13% Total Revenue $615,392 4% 9% Non-Interest Expense $348,729 10% 11% Pre-Provision Net Revenue $266,663 (4)% 6% Diluted EPS $1.33 (10)% 13% (1) NM - Not Meaningful; (2) Non-GAAP financial measures; see appendix for applicable reconciliations; (3) TE - Taxable Equivalent Third Quarter 2025 Financial Highlights Income Statement Summary (Adjusted)(2) ($ in thousands, except per share data) 3Q25 % Change QoQ % Change YoY Net Interest Income (TE)(3) $476,431 3% 8% Provision for Credit Losses $21,690 NM (7)% Adjusted Non-Interest Revenue $136,363 4% 12% Adjusted Total Revenue (TE)(3) $612,794 4% 9% Adjusted Non-Interest Expense $320,216 3% 6% Adjusted Pre-Provision Net Revenue $292,578 5% 12% Adjusted Diluted EPS $1.46 (1)% 19% (1) (1)

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![](snv_09302025xex992filing006.jpg)

6 Period-End Balance Sheet Growth ($ in millions) 3Q25 % Change QoQ % Change YoY Loans $43,753 0% 1% Deposits $50,004 0% 0% Core Deposits(1) $44,977 (1)% 0% Non-Interest Bearing Deposits $11,053 (5)% (4)% (1) Excludes brokered; (2) Annualized; (3) Non-GAAP financial measure; see appendix for applicable reconciliation; (4) TE - Taxable equivalent; (5) 3Q25 capital ratios are preliminary Third Quarter 2025 Financial Highlights Profitability Metrics 3Q25 2Q25 3Q24 ROAA(2) 1.30% 1.46% 1.21% Adjusted ROAA(2)(3) 1.42% 1.46% 1.26% ROCE(2) 14.36% 16.71% 14.38% ROTCE(2)(3) 16.11% 18.81% 16.38% Adjusted ROTCE(2)(3) 17.69% 18.82% 17.09% Net Interest Margin(2) 3.41% 3.37% 3.22% Efficiency Ratio - TE(4) 56.5% 53.0% 55.4% Adjusted Efficiency Ratio(3) 51.8% 52.3% 53.0% Credit & Capital Metrics 3Q25 2Q25 3Q24 NCOs/Average Loans(2) 0.14% 0.17% 0.25% NPLs/Loans 0.48% 0.59% 0.73% Allowance for Credit Losses % 1.19% 1.18% 1.24% CET1 Ratio(5) 11.24% 10.96% 10.64%

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![](snv_09302025xex992filing007.jpg)

7 $122 $125 $117 $131 $136 3Q24 4Q24 1Q25 2Q25 3Q25 Adjusted ROAA(1) Adjusted Non-Interest Revenue(1) $564 $581 $573 $592 $613 3Q24 4Q24 1Q25 2Q25 3Q25 Profitability Continues to be Solid Revenue Grew 4% QoQ and 9% YoY ($ in millions) Efficiency Ratio Remains Excellent ($ in millions) ROAA(2) Continues to be Very Strong 1.26% 1.25% 1.32% 1.46% 1.42% 3Q24 4Q24 1Q25 2Q25 3Q25 53.0% 52.7% 53.3% 52.3% 51.8% 3Q24 4Q24 1Q25 2Q25 3Q25 Reported ROAA 1.21% 1.25% 1.32% 1.46% 1.30%55.4% 53.1% 53.8% 53.0% 56.5% Reported Efficiency Ratio - TE NIR Reaches Record Level in Recent Quarters (1) Non-GAAP financial measure; see appendix for applicable reconciliation; (2) Annualized $124 $126 $134 $141 Reported Non-Interest Revenue $116 Adjusted Tangible Efficiency Ratio(1) $565 $581 $571 $594 $615 Reported Revenue Adjusted Revenue(1) 3.22% 3.28% 3.35% 3.37% 3.41%NIM:(2)

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8 Net Charge-Off Ratio(1) Balance Sheet Remains Strong 0.25% 0.26% 0.20% 0.17% 0.14% 3Q24 4Q24 1Q25 2Q25 3Q25 NPAs/Loans+REO % 10.64% 10.84% 10.77% 10.96% 11.24% 3Q24 4Q24 1Q25 2Q25 3Q25 Highest Common Equity Tier 1 Ratio(2) in SNV HistoryCredit Metrics Remain Very Healthy Amounts may not total due to rounding; (1) Annualized; (2) 3Q25 capital ratios are preliminary (2) 0.73% 0.73% 0.67% 0.59% 0.53%

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9 2025 Guidance Key Guidance Assumptions Period End Loan Growth Period End Core Deposit(2) Growth Adjusted Revenue(3)(4) Adjusted Non-Interest Expense(3)(4) Effective Tax Rate CET1 Ratio at Year End (1) Inclusive of Middle Market, Specialty and Corporate and Investment Banking lending; (2) Excludes brokered; (3) Non-GAAP financial measure; see cautionary language on slide 2 and appendix for applicable reconciliation; (4) Guidance based on the 2024 adjusted revenue of $2.25 billion and adjusted NIE of $1.23 billion • Expect strong 4Q25 core deposit(2) growth supported by seasonal tailwinds • Continue to deprioritize share repurchases to preserve capital in anticipation of 1Q26 merger closing • Base case assumes two 25 bp Fed Funds cuts in October 2025 and December 2025 and stable long-term rates • Expect 4Q25 adjusted non-interest revenue(3) of $130 - 135 million • Expect 4Q25 adjusted non-interest expense(3) of $320 - 325 million ~6.5% ~2.5% ~11.35% ~21% 2025 Full Year ~4.5% ~0.5% Fourth Quarter 2025 Net Charge-Offs Relatively Stable Vs. YTD NCOs of 0.17% • Strong pipelines entering 4Q25 across high growth verticals(1)

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![](snv_09302025xex992filing010.jpg)

Merger Update

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![](snv_09302025xex992filing011.jpg)

11 Financially and Strategically Compelling Transaction 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), 1.38% pro forma 2027E return on average assets (#2 among peers) and 18.0% pro forma 2027E return on average tangible common equity (#1 among peers) Fully Committed to Continuing the Highly Successful PNFP Operating and Recruiting Model Positioned to Remain Employer of Choice with Industry- Leading Client Service Versus Competitors Strong Pro Forma Capital Generation Minimal Geographic Overlap Supports Low-Risk Integration Builds on Significant, Multi-Year Investments to Prepare for LFI Standards Capitalizes on Positive Regulatory Environment for Larger Bank Mergers Creates Fastest-Growing, Most Profitable Regional Bank with 21% 2027E EPS Accretion and 2.6 Year TBV Dilution Earnback(1) Pinnacle

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12 Cumulative Deposit Growth(1) (2014 – 2024) Sources: SNL Financials, Peer group defined as CFG, FITB, HBAN, KEY, MTB, PNC, RF, TFC and USB; (1) Not adjusted for M&A Cumulative Revenue Growth(1) (2014 – 2024) Cumulative Growth in Adjusted EPS (2014 – 2024) Peers Both franchises have delivered peer-leading top-line and bottom-line results through disciplined strategic execution and operational excellence PNFP and SNV Produced Consistent Top-Quartile Financial Results Peers Peers

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13 Below 8.5x 8.5x – 10.5x Over 12.5x10.5x – 12.5x Imputed PNFP Share Price at Various 1-Year Forward P/E Multiples(1) ~13.0x (1) 2027E EPS range of $11.35 to $11.75 utilizes merger model from announcement day and assumes the realization of 75% of announced cost synergies, no revenue synergies, purchase accounting mark accretion and share repurchases to result in a CET1 ratio range of 10.0% to 10.5%, respectively; for illustrative purposes only; current PNFP stock price as of October 9, 2025; (2) Blended PNFP/SNV multiples of ~13.0x and ~10.0x, respectively, as of the unaffected date of July 21, 2025; highest valued regional banks represents a blended multiple of the two selected regional peer banks with 1-year forward P/E multiples between 10.5x to 12.5x as of October 9, 2025; standalone PNFP multiple of ~13.0x as of the unaffected date of July 21, 2025; (3) Selected 14 regional peer banks between $60bn and $250bn in total assets as of June 30, 2025; 1-year forward P/E multiples as of October 9, 2025; PNFP multiple of ~13.0x as of the unaffected date of July 21, 2025; source: S&P Capital IQ Pro Illustrative 1-Year Forward P/E Multiples(2): Regional Peer Bank 1-Year Forward P/E Multiples(3): ~11.5x Potential Trading Multiple Uplift Adopting Pinnacle's Growth Platform Accelerating Revenue Producer Hiring Pace Leveraging the Integration Experience of Both Teams Merger Offers Significant Price Upside for the Combined Company

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14 Key Decisions Already Made in Contrast to Other MOEs Brand Name Headquarters Leadership Team Operating Model Incentive Model Board of Directors Split Technology Stack Pinnacle Financial Partners and Pinnacle Bank Built on Synovus' highly-scalable FIS core platform Primarily based on company revenue and EPS growth 15 directors: 8 Pinnacle and 7 Synovus Each side has 6 independent directors Geographic operating model with local leadership Long-term clarity on CEO Finalized key leadership positions Holding Company: Atlanta, GA and Bank: Nashville, TN

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15 Key Leadership Decisions Finalized 3 Down from CEO Communicated 2 Down from CEO Communicated Legal Finance Risk Management Operations Human Resources, Marketing, & Corporate Communications Digital & Product Solutions Audit Consumer, Small Business, & Specialty Deposits Treasury and Payment Solutions 4 Down from CEO Communicated Credit ManagementChief Banking Officer Full Org Decided and Communicated

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16 Initial Systems Assessment Largely Complete Digital Support Services Core system selection confirmed Finalizing remaining system selections to align with our go-forward business model Finalizing remaining selections post vendor negotiation completion Digital solutions evaluated with integration strategy and deployment planning underway Customer Origination & Servicing 80% Core 100% 100% 88%

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17 Merger Update Third Quarter 2025 Fourth Quarter 2025 Established integration management office (IMO) and mobilized 20 portfolios and 75+ workstreams, including dedicated LFI readiness Held joint IMO in-person meetings on September 23 and October 8, focused on enhancing connectivity amongst colleagues Finalized pro forma organizational chart for executive management team and next levels Communicated employee retention packages Met jointly with over 100 investment management firms virtually and in person to discuss the transaction Filed S-4 and mailed joint proxy statement Continue IMO workstreams Hold special shareholder meeting on November 6 Finalize pro forma full organizational structure, employee benefits and non- core platform technology system decisions Remain comfortable with merger-related expense savings of $250 million, or 10% of combined non-interest expense Pro forma CET1 Ratio at merger close now estimated at ~10.1%(1) (1) Estimate based on 9/30/25 actual results and financial assumptions associated with the pending PNFP-SNV merger

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18 Merger Timeline (Illustrative) August 21, 2025 Executive Leadership Team Announced August 22, 2025 Merger Application Submitted to Bank Regulators August 19, 2025 IMOs(1) Established November 6, 2025 Special Shareholder Meetings First Quarter 2026 Expected Closing First Quarter 2027 Expected Operational Conversion (1) IMO - Integration Management Office September 30, 2025 S-4 Declared Effective / Commencement of Joint Proxy Statement Mailing Fourth Quarter 2025 Full Organizational Chart/Benefit Plan Decisions August 26, 2025 Initial S-4 Filed July 24, 2025 Merger Agreement Signed & Announced

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Financial Performance

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20 Loans $43,537 $131 $130 $(44) $43,753 2Q25 C&I CRE Consumer 3Q25 Third Quarter 2025 Loan Growth Attribution ($ in millions) Total Loans: $44 billion Amounts may not total due to rounding; (1) Inclusive of Middle Market, Specialty and Corporate and Investment Banking lending; (2) Excluding secondary mortgage production (3) Due to an internal data input change, there is a variance to the 4Q24 payoffs numbers from previous disclosures • Average loans rose 1% from 2Q25, primarily attributable to High Growth Verticals(1) and Institutional CRE • Funded loan production(2) remains strong, supported by CRE and C&I verticals • Lower CIB utilization and payoffs as a result of strong institutional capital markets activity presented a QoQ growth headwind Highlights Quarterly Loan Production $1,356 $1,295 $1,503 $2,009 $1,946 3Q24 4Q24 1Q25 2Q25 3Q25 Loan Production and Market Activity Remain Strong ($ in millions) (2) Quarterly Loan Payoffs $1,308 $1,830 $1,355 $1,437 $1,839 3Q24 4Q24 1Q25 2Q25 3Q25 (3)

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21 5.43% 5.50% 5.50% 5.50% 5.43% 4.81% 4.50% 4.50% 4.46% 2.31% 2.50% 2.67% 2.68% 2.72% 2.46% 2.26% 2.22% 2.23% Fed Target Rate SNV Cost of Deposits 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 6/30/2025 9/30/2025 EOP Rates % of Total EOP Rates % of Total Noninterest bearing 0.00% 23% 0.00% 22% Interest bearing: Standard 0.78% 17% 0.71% 17% Exception 3.22% 15% 3.27% 16% Index 4.04% 18% 4.06% 18% CDs(2) 3.48% 17% 3.46% 18% Other(3) 2.68% 10% 2.62% 10% Total IBD 77% 78% Total Deposits 2.19% 100% 2.21% 100% • Non-interest bearing deposits impacted QoQ by normal inflow/outflow activity; average balances down only $46 million • Reduced public funds by $370 million in 3Q25 • Total deposit cost beta of ~53% from peak to trough (August 2024-April 2025) $49,925 $(605) $148 $(16) $(297) $539 $309 $50,004 2Q25 Non- Interest- Bearing NOW Savings MMA Time Brokered 3Q25 Deposits Sequential Change in Deposit Balances(1) ($ in millions) Amounts may not total due to rounding; (1) Balances include public funds QoQ changes; (2) Includes Brokered; (3) Inclusive of ICS and Hybrid accounts, which are a mixture of Standard, Exception, and Index Rate accounts; (4) Upper band of FOMC Target Policy Rate Total Deposits: $50 billion Average Quarterly Fed Target Rate(4) vs. SNV Cost of Deposits (4) Highlights $(93) $(156) $0 $(618) $496 Public Funds QoQ Growth: Deposit Rate Information

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22 • Net interest income up 3% QoQ on higher loan balances, NIM expansion, and day count • NIM expanded 4 bps as higher loan yields and hedge maturities more than offset higher cash balances $441 $455 $454 $460 $475 3.22% 3.28% 3.35% 3.37% 3.41% Net Interest Income Net Interest Margin 3Q24 4Q24 1Q25 2Q25 3Q25 Amounts may not total due to rounding; Note: all references to NIM are taxable equivalent and annualized; (1) NIM Attribution reflects estimates and includes both attributed and unattributed items (2) Includes other unattributed items Net Interest Income Net Interest Income and Net Interest Margin Trends ($ in millions) Net Interest Income: $475 million Net Interest Margin Attribution(1) 3.37% (0.02)% 0.04% 0.02% 0.01% (0.01)% 3.41% 2Q25 NIM Higher Cash Balances Loan Yield/Fees Loan Hedges Deposit/ Funding Costs Other 3Q25 NIM Highlights (2)

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23 ($ in millions) 3Q25 QoQ Δ YoY Δ Core Banking Fees(1) $53 1% 11% Wealth Revenue(2) $43 4% 5% Capital Markets Income $14 8% 36% Net Mortgage Revenue $4 (1)% 8% Other Income(3)(4) $21 11% 16% Total Adjusted Non-Interest Revenue(5) $136 4% 12% Total Non-Interest Revenue $141 5% 13% Amounts may not total due to rounding; (1) Includes service charges on deposit accounts, card fees, and several other non-interest revenue components including line of credit non-usage fees, letter of credit fees, ATM fee income, and miscellaneous other service charges; (2) Consists of fiduciary/asset management, brokerage, and insurance revenues; (3) Includes earnings on equity method investments, income from BOLI, Commercial Sponsorship, and other miscellaneous income; (4) Excludes adjusted NIR items. See appendix for adjusted NIR non-GAAP reconciliation; (5) Non-GAAP financial measure; see appendix for applicable reconciliation; (6) Reclassifications within NIR 1Q24 resulted in prior periods being reclassified Non-Interest Revenue Non-Interest Revenue: $141 million Highlights Strong Non-Interest Revenue(6) Growth Trends ($ in millions) Core Banking Fees $44 $45 $48 $53 3Q22 3Q23 3Q24 3Q25 Wealth Revenue $39 $42 $41 $43 3Q22 3Q23 3Q24 3Q25 Capital Markets Income $8 $8 $10 $14 3Q22 3Q23 3Q24 3Q25 (2) (3) • Wealth Revenue(2) increased 4% QoQ and 5% YoY from growth in brokerage and trust fees • Client derivative and arranger fees supported 8% QoQ growth and 36% YoY growth in Capital Markets Income

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24 $302 $309 $308 $312 $320 3Q24 4Q24 1Q25 2Q25 3Q25 Reported Non-Interest Expense • Employment expense rose 7% YoY ($12 million) largely due to increases in hiring and merit ($9 million) • Expect 4Q25 adjusted non-interest expense of $320 - 325 million Non-Interest Expense ($ in millions) 3Q25 QoQ Δ YoY Δ Total Employment $195 3% 7% Total Other $76 2% 6% Total Occupancy, Equipment, and Software $49 1% 5% Total Adjusted Non-Interest Expense(1) $320 3% 6% Total Non-Interest Expense $349 10% 11% Non-Interest Expense: $349 million Amounts may not total due to rounding; (1) Non-GAAP financial measure; see appendix for applicable reconciliation Disciplined Non-Interest Expense Control ($ in millions) Highlights $314 $309 $308 $316 $349 Adjusted Non-Interest Expense(1) Efficiency Ratio Remains Excellent 53.0% 52.7% 53.3% 52.3% 51.8% 3Q24 4Q24 1Q25 2Q25 3Q25 55.4% 53.1% 53.8% 53.0% 56.5% Reported Efficiency Ratio - TE Adjusted Tangible Efficiency Ratio(1)

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25 • NCOs, NPAs and criticized and classified loans all improved in 3Q25 • 4Q25 NCOs/average loans(1) expected to be relatively stable compared to 2025 YTD NCOs of 0.17% Credit Quality $27 $28 $21 $18 $15 3Q24 4Q24 1Q25 2Q25 3Q25 Net Charge-Offs ($ in millions) Amounts may not total due to rounding. (1) Annualized $535 $539 $529 $514 $520 3Q24 4Q24 1Q25 2Q25 3Q25 171% 174% 185% 200% 249%ACL to NPLs: Allowance for Credit Losses ($ in millions) 3.9% 4.0% 3.8% 3.6% 3.4% 3Q24 4Q24 1Q25 2Q25 3Q25 NPA and Criticized & Classified Loan Ratios Allowance for Credit Losses RatioAllowance for Credit Losses Net Charge-Off Ratio(1)Net Charge-OffsNPAs/Loans+REO % Criticized & Classified Loans as a % of Total Loans 1.24% 1.27% 1.24% 1.18% 0.25% 0.26% 0.20% 0.17%0.73% 0.73% 0.67% 0.59% 0.14% 1.19% Highlights 0.53%

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26 10.64% 10.84% 10.77% 10.96% 11.24% Common Equity Tier 1 Tier 1 Tier 2 3Q24 4Q24 1Q25 2Q25 3Q25 Amounts may not total due to rounding; (1) 3Q25 capital ratios are preliminary (1) 11.89% 13.67% 13.78% 12.06% Capital Capital Ratios 13.60% 11.76% Common Equity Tier 1(1) Highest in SNV History 10.96% 0.38% (0.11)% 0.00% (0.01)% 0.02% 11.24% Beginning CET1 Ratio (2Q25) Net Income To Common Shareholders Common Dividends Share Repurchases RWA Other Ending CET1 Ratio (3Q25) (Third Quarter 2025 CET1 Change) (1) 13.81% 11.96% 12.34% 14.07% • CET1 Ratio(1) at all-time high of 11.24% • Expect ~11.35% CET1 Ratio at the end of 2025 as we prioritize client loan growth and prepare for legal day one Highlights

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Appendix

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28 Loan Trends $43,121 $42,609 $42,649 $43,537 $43,753 $22,664 $22,331 $22,313 $23,098 $23,229 $12,177 $12,015 $12,072 $12,140 $12,270 $8,279 $8,263 $8,264 $8,299 $8,255 C&I CRE Consumer 3Q24 4Q24 1Q25 2Q25 3Q25 Period End Loans ($ in millions) $42,908 $42,537 $42,506 $42,819 $43,299 $22,470 $22,257 $22,299 $22,523 $22,928 $12,140 $12,021 $11,963 $12,017 $12,113 $8,298 $8,259 $8,244 $8,279 $8,258 C&I CRE Consumer 3Q24 4Q24 1Q25 2Q25 3Q25 Average Loans ($ in millions) Amounts may not total due to rounding

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29 $50,194 $51,095 $50,843 $49,925 $50,004 $11,562 $11,596 $11,543 $11,658 $11,053 $10,960 $11,517 $11,714 $11,329 $11,477 $13,112 $14,056 $14,267 $14,191 $13,894 $995 $982 $1,011 $983 $967 $8,460 $8,068 $7,461 $7,047 $7,586 $5,105 $4,875 $4,847 $4,717 $5,026 NIB DDA NOW MMA Savings Time Brokered 3Q24 4Q24 1Q25 2Q25 3Q25 Deposit Trends Period End Deposits ($ in millions) Average Deposits ($ in millions) $50,481 $51,101 $50,598 $50,203 $50,157 $11,666 $11,784 $11,406 $11,386 $11,341 $10,835 $11,298 $11,613 $11,534 $11,325 $13,059 $13,768 $13,901 $14,322 $14,306 $1,008 $987 $994 $994 $978 $8,438 $8,252 $7,778 $7,206 $7,148 $5,476 $5,013 $4,906 $4,760 $5,059 NIB DDA NOW MMA Savings Time Brokered 3Q24 4Q24 1Q25 2Q25 3Q25 Amounts may not total due to rounding

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30 Allowance for Credit Losses ($ in millions) $514 $3 $6 $(8) $7 $(1) $520 2Q25 Economic Conditions Other Qualitatives Performance Net Growth Other 3Q25 ACL/Loans: 1.18% 1.19% Economic Scenario Assumptions and Weightings 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 Moody's August 2025 "S1" Upside 10th Percentile scenario; (3) Downside refers to Moody's August 2025 "S3" Downside 10th Percentile scenario; (4) Slow Growth refers to Moody's August 2025 "S5" Slow Growth; (5) Corresponds to Moody's August 2025 scenarios 3Q25 Change from 2025(5) 2026(5) Scenario Model Weighting Previous Quarter GDP Unemployment GDP Unemployment Consensus Baseline 50% 0% 1.7% 4.3% 1.7% 4.4% Upside(2) 15% 0% 1.9% 4.1% 3.0% 3.7% Downside(3) 5% (5)% 1.4% 4.7% (1.7)% 8.0% Slow Growth(4) 30% 5% 1.6% 4.3% 1.1% 5.5% Weighted Average 1.7% 4.3% 1.5% 4.8% (1)

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31 Composition Change Risk Category 3Q25 2Q25 3Q25 vs. 2Q25 Passing Grades $42,272 $41,971 $301 Special Mention $650 $728 $(78) Substandard Accruing $622 $581 $41 Non-Performing Loans $209 $257 $(48) Total Loans $43,753 $43,537 $216 $942 $1,086 $1,333 $1,484 $1,527 $1,634 $1,590 $1,693 $1,683 $1,610 $1,566 $1,481 2.2% 2.5% 3.0% 3.4% 3.5% 3.8% 3.7% 3.9% 4.0% 3.8% 3.6% 3.4% Criticized & Classified Loans % of Total Loans 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Portfolio Risk DistributionCriticized & Classified Loans Amounts may not total due to rounding. Risk Distribution ($ in millions)

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32 Consumer Portfolio $8.3 billion CRE Portfolio $12.3 billion C&I Portfolio $23.2 billion 3Q25 Portfolio Characteristics C&I CRE Consumer NPL Ratio 0.43% 0.32% 0.87% QTD Net Charge-off Ratio (annualized) 0.17% 0.01% 0.25% 30+ Days Past Due Ratio 0.06% 0.02% 0.35% 90+ Days Past Due Ratio 0.01% 0.00% 0.02% Amounts may not total due to rounding; (1) Industry-focused C&I is comprised of senior housing, structured lending (asset-backed finance), insurance premium finance, CIB, restaurant finance, and public funds portfolios; (2) LTV is calculated by dividing the sum of the 9/30/25 commitment amount and any existing senior lien by the most recent appraisal value (typically at origination) Loan Portfolio by Category 25% 23% 5% 10% 7% 4% 4% 3% 0.5% 16% 3% Market-Based C&I Industry-Focused C&I Other C&I Multi-Family Other CRE Hotel Office Retail Residential C&D & Land Consumer Real Estate Consumer Non-Real Estate Highly Diverse Loan Mix (1) • C&I portfolio is well-diversified among multiple lines-of-business • Diverse C&I industry mix aligned with economic and demographic drivers • SNCs total $5.4 billion, ~9.4% of which is agented by SNV • Leveraged loans total $2.0 billion • 93.4% are income-producing properties • Diversity among property types and geographies • 84.8% of NPL balance comprised of 1 office relationship • Weighted average credit score of 796 and 785 for Home Equity and Mortgage, respectively • Weighted average LTV(2) of 71.6% and 68.3% for Home Equity and Mortgage, respectively

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33 Credit Indicator 3Q25 NPL Ratio 0.43% Net Charge-off Ratio (annualized) 0.17% 30+ Days Past Due Ratio 0.06% 90+ Days Past Due Ratio 0.01% Diverse Industry Exposure Total C&I Portfolio $23.2 billion 22.9% 12.7% 7.3% 6.0% 5.9% 5.4% 5.0% 4.6% 4.3% 3.8% 3.6% 3.6% 3.4% 3.2% 2.3% 2.1% 2.0% 1.0% 0.8% Finance/Insurance Senior Housing Accom. & Food Svcs. Health Care Lessors of R/E Manufacturing Wholesale Trade Retail Trade Construction Other Services Prof., Scientific, Tech. Svcs. Transport/ Warehousing All Other Other R/E and Rental & Leasing Arts, Entertainment, & Rec. Public Administration Educational Svcs. Ag, Forestry, Fishing Admin., Support, Waste Mgmt. Amounts may not total due to rounding; (1) These segments are not two digit NAICS industry divisions; Senior Housing is a subset of NAICS 62 Health Care and Social Assistance, and R/E other and R/E leasing together comprise NAICS 53 Real Estate, Rental, and Leasing (1) (1) (1) C&I Loan Portfolio • Approximately 95% of the C&I Portfolio is Collateralized • Wholesale Bank (includes Market Based and Industry Focused Lines) represents 70% of C&I balances • Finance/Insurance predominantly represented by secured lender finance portfolio ◦ 0.00% NPL Ratio ◦ 0.00% Net Charge-Off Ratio (annualized) ◦ 0.00% 30+ Day Past Due Ratio 5% 15% 13% 7% 23% 38% Owner-Occupied CRE Inventory/Receivables Insurance Premium Finance Lender Finance Other Collateral Unsecured

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34 Commercial Real Estate Loan Portfolio Composition of 3Q25 CRE Portfolio Total CRE Portfolio $12.3 billion Investment Properties Land, Development and Residential Properties Portfolio Characteristics (as of September 30, 2025) Office Building Multi-family Shopping Centers Hotels Other Investment Properties Warehouse Residential Properties(1) Development & Land Balance (in millions) $1,618 $4,185 $1,392 $1,804 $1,502 $961 $548 $259 Weighted Average LTV(2) 55.8% 52.6% 54.4% 52.4% 52.2% 52.3% NA NA NPL Ratio 2.07% 0.00% 0.11% 0.00% 0.04% 0.01% 0.39% 0.27% Net Charge-off Ratio (annualized) 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.26% 30+ Days Past Due Ratio 0.05% 0.00% 0.03% 0.00% 0.02% 0.00% 0.09% 0.17% 90+ Days Past Due Ratio 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% • Investment Properties portfolio represent 93% of total CRE portfolio ◦ The portfolio is well diversified among property types • CRE Credit Quality ◦ 0.32% NPL Ratio ◦ 0.01% Net Charge-Off Ratio (annualized) ◦ 0.02% 30+ Day Past Due Ratio ◦ 0.00% 90+ Day Past Due Ratio Amounts may not total due to rounding; (1) Includes 1-4 Family Construction and 1-4 Family Perm/Mini-Perm (primarily rental homes); (2) LTV calculated by dividing the 9/30/2025 commitment amount and any senior lien by the most recent appraisal (typically at origination) 34.1% 14.7% 13.2% 12.2% 11.3% 7.8% 2.7% 2.1% 1.8% Multi-Family Hotels Office Building Other Investment Properties Shopping Center Warehouses 1-4 Family Perm/Mini-Perm Land Acquisition & Dev. 1-4 Family Construction

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35 Credit Indicator 3Q25 NPL Ratio 0.87% Net Charge-off Ratio (annualized) 0.25% 30+ Days Past Due Ratio 0.35% 90+ Days Past Due Ratio 0.02% Total Consumer Portfolio $8.3 billion Credit Indicator Home Equity Mortgage Weighted Average Credit Score of 3Q25 Originations 798 772 Weighted Average Credit Score of Total Portfolio 796 785 Weighted Average LTV(1) 71.6% 68.3% Average DTI(2) 35.2% 33.2% Utilization Rate 40.0% N/A 63.5% 22.3% 7.6% 4.5% 2.1% Consumer Mortgage Home Equity Third-Party HFI Other Consumer Credit Card Amounts may not total due to rounding; (1) LTV calculated by dividing the 9/30/25 commitment amount and any senior lien by the most recent appraisal (typically at origination); (2) Average DTI of 3Q25 originations Consumer Credit Quality • 86% of Consumer portfolio is backed by residential real estate • Other Consumer includes secured and unsecured products • Average consumer card utilization rate is 21.6% • Third party HFI portfolio of $626 million Consumer Loan Portfolio

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36 $2,850 $2,600 $2,350 $2,350 $2,100 $1,850 $1,750 $1,750 $1,500 $250 $250 $500 $750 $1,000 $1,000 $1,000 3.16% 3.38% 3.62% 3.62% 3.64% 3.65% 3.71% 3.71% 3.80% Effective Forward Starting Effective Rate 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 1Q27 2Q27 3Q27 63% 63% 63% 64% 65% 37% 37% 37% 36% 35% 6.59% 6.41% 6.26% 6.25% 6.32% Floating Rate Fixed Rate Yield 3Q24 4Q24 1Q25 2Q25 3Q25 Amounts may not total due to rounding; (1) Represents projected notional outstanding for effective cash-flow loan hedges, along with the estimated effective fixed-rate at the end of the respective period; (2) NII sensitivity estimates reflect a dynamic balance sheet Derivative Hedge Portfolio(1)Loan Portfolio Rate Mix and Yield Earning Asset Composition ($ in millions) 12-Month Net Interest Income Sensitivity(2) Parallel Shock % NII Impact +100bps 2.4% -100bps (2.4)%

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37 Repricing Term Rate Structure 3 mos or less 3-12 mos 1-3 Years 3-5 Years 5-15 Years Over 15 Years Total Variable Rate Fixed Rate Non-real estate $11,460 $755 $472 $727 $579 $1,618 $15,611 $13,189 $2,422 Owner occupied 1,140 246 636 769 997 46 3,834 1,140 2,694 Commercial & Industrial 12,600 1,001 1,108 1,496 1,576 1,664 19,445 14,329 5,116 Construction, A&D 1,528 97 142 118 67 17 1,969 1,499 470 Income producing 10,757 638 1,192 821 367 274 14,049 10,995 3,054 Commercial Real Estate 12,285 735 1,334 939 434 291 16,018 12,494 3,524 Residential mortgages 1,564 143 347 442 776 4,123 7,395 1,555 5,840 Other consumer 496 22 54 42 205 76 895 489 406 Total $26,945 $1,901 $2,843 $2,919 $2,991 $6,154 $43,753 28,867 14,886 % of Total 62 % 4 % 6 % 7 % 7 % 14 % Loans - Repricing and Maturity ($ in millions) Amounts are preliminary and may not total due to rounding. Note: Loan category totals are based on Fed call codes related to regulatory reporting Call Report instructions for Synovus Bank.

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38 Securities Portfolio $10,449 $10,661 $10,783 $10,646 $10,314 $2,623 $2,582 $2,547 $2,503 $2,451 3.36% 3.43% 3.47% 3.49% 3.49% AFS HTM Yield 3Q24 4Q24 1Q25 2Q25 3Q25 Total Securities Portfolio(1) ($ in millions) Securities & Cash Flow Hedges: Estimated Unrealized Loss in AOCI (After-Tax)(2) ($ in billions) $0.7 $0.6 $0.5$0.7 $0.6 $0.5 Securities AOCI Swap AOCI 3Q25 3Q26E 3Q27E Note: Amounts may not total due to rounding; (1) Amortized cost; (2) AOCI unrealized loss projections are based on the forward interest rate curve as of 9/30/25 and incorporate various assumptions, including those related to prepayments and tax rates

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39 2Q25 3Q25 ($ in millions; rates annualized) Avg. Balance Avg. Rate Avg. Balance Avg. Rate Non-interest-bearing $11,386 N/A $11,341 N/A Interest-bearing non-maturity (NMD) $26,851 2.42% $26,609 2.43% Time $7,206 3.45% $7,148 3.39% Brokered $4,760 4.55% $5,059 4.49% Total interest-bearing $38,817 2.88% $38,816 2.88% Total deposits $50,203 2.22% $50,157 2.23% Total Average Deposit Costs

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40 3Q24 4Q24 1Q25 2Q25 3Q25 Financial Performance Diluted EPS $1.18 $1.25 $1.30 $1.48 $1.33 Net interest margin(1) 3.22% 3.28% 3.35% 3.37% 3.41% Efficiency ratio-TE 55.4% 53.1% 53.8% 53.0% 56.5% Adjusted tangible efficiency ratio(2) 53.0% 52.7% 53.3% 52.3% 51.8% ROAA(1) 1.21% 1.25% 1.32% 1.46% 1.30% Adjusted ROAA(1)(2) 1.26% 1.25% 1.32% 1.46% 1.42% Balance Sheet QoQ Growth Total loans 0% (1)% 0% 2% 0% Total deposits 0% 2% 0% (2)% 0% Credit Quality NPA ratio 0.73% 0.73% 0.67% 0.59% 0.53% NCO ratio(1) 0.25% 0.26% 0.20% 0.17% 0.14% Capital Common shares outstanding(3) 141,997 141,166 139,214 138,782 138,813 Leverage ratio 9.55% 9.55% 9.56% 9.86% 10.02% Tangible common equity ratio(2) 7.28% 7.02% 7.26% 7.55% 7.96% Amounts may not total due to rounding; (1) Annualized; (2) Non-GAAP financial measure; see applicable reconciliation; (3) In thousands; (4) Preliminary (4) Quarterly Highlights Trend

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41 ($ and shares in thousands, except per share data) 3Q24 2Q25 3Q25 Net income available to common shareholders $169,628 $206,320 $185,590 Investment securities losses (gains), net — — (1,742) Restructuring charges (reversals) 1,219 72 (747) Valuation adjustment to Visa derivative 8,700 — 2,911 Merger-related expense(1) — — 23,757 Tax effect of adjustments(2) (2,427) (17) (5,839) Adjusted net income available to common shareholders $177,120 $206,375 $203,930 Weighted average common shares outstanding, diluted 143,979 139,502 139,612 Net income (loss) per common share, diluted $1.18 $1.48 $1.33 Adjusted net income per common share, diluted $1.23 $1.48 $1.46 Amounts may not total due to rounding; (1) Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items; (2) An assumed marginal tax rate of 24.2% for 3Q25, 2Q25 and 24.5% for 3Q24 was applied Non-GAAP Financial Measures

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42 ($ in thousands) 3Q24 4Q24 1Q25 2Q25 3Q25 Net income $180,684 $189,377 $194,872 $217,119 $196,505 Valuation adjustment on GLOBALT earnout — (719) — — — Restructuring charges (reversals) 1,219 37 (1,292) 72 (747) Valuation adjustment to Visa derivative 8,700 — 2,200 — 2,911 Investment securities losses (gains), net — — — — (1,742) Merger-related expense(1) — — — — 23,757 Tax effect of adjustments(2) (2,427) 165 (219) (17) (5,839) Adjusted net income $188,176 $188,860 $195,561 $217,174 $214,845 Net income (loss) annualized $718,808 $753,391 $790,314 $870,862 $779,612 Adjusted net income annualized $748,613 $751,334 $793,109 $871,083 $852,374 Total average assets $59,183,624 $60,174,616 $59,876,546 $59,577,113 $60,085,552 Return on average assets (annualized) 1.21% 1.25% 1.32% 1.46% 1.30% Adjusted return on average assets (annualized) 1.26% 1.25% 1.32% 1.46% 1.42% Amounts may not total due to rounding; (1) Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items; (2) An assumed marginal tax rate of 24.2% for 3Q25, 2Q25, 1Q25, and 4Q24 and 24.5% for 3Q24 was applied Non-GAAP Financial Measures, Continued

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43 ($ in thousands) 3Q24 2Q25 3Q25 Net income available to common shareholders $169,628 $206,320 $185,590 Restructuring charges (reversals) 1,219 72 (747) Valuation adjustment to Visa derivative 8,700 — 2,911 Investment securities losses (gains), net — — (1,742) Merger-related expense(1) — — 23,757 Tax effect of adjustments(2) (2,427) (17) (5,839) Adjusted net income available to common shareholders $177,120 $206,375 $203,930 Adjusted net income available to common shareholders annualized $704,630 $827,768 $809,070 Amortization of intangibles, tax effected, annualized 8,735 7,993 7,907 Adjusted net income available to common shareholders excluding amortization of intangibles annualized $713,365 $835,761 $816,977 Net income available to common shareholders annualized $674,824 $827,547 $736,308 Amortization of intangibles, tax effected, annualized 8,735 7,993 7,907 Net income available to common shareholders excluding amortization of intangibles annualized $683,559 $835,540 $744,215 Total average Synovus Financial Corp. shareholders' equity less preferred stock $4,692,722 $4,952,297 $5,127,084 Average goodwill (480,440) (480,440) (480,440) Average other intangible assets, net (38,793) (30,398) (27,665) Total average Synovus Financial Corp. tangible shareholders' equity less preferred stock $4,173,489 $4,441,459 $4,618,979 Return on average common equity (annualized) 14.38% 16.71% 14.36% Adjusted return on average common equity (annualized) 15.02% 16.71% 15.78% Return on average tangible common equity (annualized) 16.38% 18.81% 16.11% Adjusted return on average tangible common equity (annualized) 17.09% 18.82% 17.69% Non-GAAP Financial Measures, Continued Amounts may not total due to rounding; (1) Currently a determination has not been made regarding whether certain merger-related costs will be tax deductible or not, which depends on the ultimate success of the transaction; therefore, merger-related expense has been tax effected using the same marginal tax rate as other adjusted items; (2) An assumed marginal tax rate of 24.2% for 3Q25, 2Q25 and 24.5% for 3Q24 was applied

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44 Non-GAAP Financial Measures, Continued ($ in thousands) 3Q24 4Q24 1Q25 2Q25 3Q25 Total non-interest revenue $123,980 $125,587 $116,466 $134,135 $140,697 Valuation adjustment on GLOBALT earnout — (719) — — — Investment securities (gains) losses, net — — — — (1,742) Fair value adjustment on non-qualified deferred compensation (2,062) (237) 816 (3,275) (2,592) Adjusted non-interest revenue $121,918 $124,631 $117,282 $130,860 $136,363 Total non-interest expense $313,690 $309,311 $308,034 $315,701 $348,729 Restructuring (charges) reversals (1,219) (37) 1,292 (72) 747 Fair value adjustment on non-qualified deferred compensation (2,062) (237) 816 (3,275) (2,592) Merger-related expense — — — — (23,757) Valuation adjustment to Visa derivative (8,700) — (2,200) — (2,911) Adjusted non-interest expense $301,709 $309,037 $307,942 $312,354 $320,216 Amounts may not total due to rounding

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45 ($ in thousands) 3Q24 4Q24 1Q25 2Q25 3Q25 Adjusted non-interest expense $301,709 $309,037 $307,942 $312,354 $320,216 Amortization of intangibles (2,907) (2,888) (2,627) (2,627) (2,627) Adjusted tangible non-interest expense $298,802 $306,149 $305,315 $309,727 $317,589 Net interest income $440,740 $454,993 $454,384 $459,561 $474,695 Total non-interest revenue 123,980 125,587 116,466 134,135 140,697 Total revenue 564,720 580,580 570,850 593,696 615,392 Net interest income $440,740 $454,993 $454,384 $459,561 $474,695 Tax equivalent adjustment 1,393 1,430 1,577 1,662 1,736 Net interest income (TE) $442,133 $456,423 $455,961 $461,223 $476,431 Total non-interest revenue 123,980 125,587 116,466 134,135 140,697 Total revenue (TE) 566,113 582,010 572,427 595,358 617,128 Investment securities losses (gains), net — — — — (1,742) Valuation adjustment on GLOBALT earnout — (719) — — — Fair value adjustment on non-qualified deferred compensation (2,062) (237) 816 (3,275) (2,592) Adjusted revenue (TE) $564,051 $581,054 $573,243 $592,083 $612,794 Efficiency ratio-TE 55.4% 53.1% 53.8% 53.0% 56.5% Adjusted tangible efficiency ratio 53.0% 52.7% 53.3% 52.3% 51.8% Non-GAAP Financial Measures, Continued Amounts may not total due to rounding

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46 Non-GAAP Financial Measures, Continued Amounts may not total due to rounding ($ in thousands) 3Q24 4Q24 1Q25 2Q25 3Q25 Net interest income $440,740 $454,993 $454,384 $459,561 $474,695 Total non-interest revenue 123,980 125,587 116,466 134,135 140,697 Total non-interest expense (313,690) (309,311) (308,034) (315,701) (348,729) Pre-provision net revenue (PPNR) $251,030 $271,269 $262,816 $277,995 $266,663 Adjusted revenue (TE) $564,051 $581,054 $573,243 $592,083 $612,794 Adjusted non-interest expense (301,709) (309,037) (307,942) (312,354) (320,216) Adjusted PPNR $262,342 $272,017 $265,301 $279,729 $292,578 Non-G P Financial Mea ures, Continued

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47 ($ in thousands) 3Q24 4Q24 1Q25 2Q25 3Q25 Total assets $59,589,628 $60,233,644 $60,339,121 $61,056,785 $60,485,175 Goodwill (480,440) (480,440) (480,440) (480,440) (480,440) Other intangible assets, net (37,207) (34,318) (31,691) (29,063) (26,436) Tangible assets $59,071,981 $59,718,886 $59,826,990 $60,547,282 $59,978,299 Total Synovus Financial Corp. shareholders' equity $5,355,976 $5,244,557 $5,390,751 $5,617,686 $5,818,737 Goodwill (480,440) (480,440) (480,440) (480,440) (480,440) Other intangible assets, net (37,207) (34,318) (31,691) (29,063) (26,436) Preferred Stock, no par value (537,145) (537,145) (537,145) (537,145) (537,145) Tangible common equity $4,301,184 $4,192,654 $4,341,475 $4,571,038 $4,774,716 Total Synovus Financial Corp. shareholders' equity to total assets ratio 8.99% 8.71% 8.93% 9.20% 9.62% Tangible common equity ratio 7.28% 7.02% 7.26% 7.55% 7.96% Non-GAAP Financial Measures, Continued Amounts may not total due to rounding

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