Synovus Financial Corp. SEC filings document the banking company's public-company record, capital structure and completed corporate-status transition. Recent records include Form 25 removal of its common stock and Series D and Series E preferred stock from New York Stock Exchange listing and Form 15 termination or suspension of Exchange Act registration and reporting obligations after the completed merger into Pinnacle Financial Partners.
Earlier 8-K filings cover material-event disclosures, Synovus Bank subordinated bank notes, Regulation FD investor presentation materials, merger-related governance matters and listed security classes for SNV common stock and preferred securities.
Wellington Management Group LLP, together with affiliated entities, filed an amended Schedule 13G reporting beneficial ownership of 6,939,814 shares of Synovus Financial Corp. (SNV) common stock, representing 5.0% of the class, with a date of event of 09/30/2025.
The filing lists 0 shares with sole voting or dispositive power, 6,225,829 shares with shared voting power, and 6,939,814 shares with shared dispositive power. The securities are owned of record by clients of Wellington’s investment advisers; no single client is identified as holding more than five percent. The certification states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Synovus Financial Corp (SNV) filed a Form 13F Holdings Report listing institutional equity positions managed as of the reporting period. The filing reports 1,549 information table entries with an aggregate reported value of $8,740,597,243.
The report includes two Other Included Managers: Synovus Trust Co NA and Synovus Securities, Inc. It is marked as a full 13F Holdings Report, indicating all holdings of this reporting manager are included. The report was signed by Wayne Akins, EVP Chief Community Banking & Wealth Services.
Synovus Financial Corp. reported shareholder approvals for its planned merger with Pinnacle Financial Partners into a newly formed Georgia corporation, Steel Newco Inc. At the November 6, 2025 special meeting, the Merger Agreement was approved with 96,404,615 votes for, 8,926,182 against, and 391,638 abstentions.
Shareholder participation was strong: 105,722,435 shares were represented, equaling 76.16% of the 138,811,843 shares outstanding as of September 26, 2025, establishing a quorum. An advisory vote on merger‑related compensation passed with 54,041,166 for, 51,292,952 against, and 388,317 abstentions; this vote is non‑binding and not a condition to closing. A proposal to permit adjournment, if needed, also passed (99,966,056 for, 5,218,420 against, 537,959 abstentions), though no adjournment was required. Synovus and Pinnacle furnished a joint press release and informational presentation under Item 7.01.
FMR LLC filed an amended Schedule 13G, disclosing beneficial ownership of 7.0% of Synovus Financial Corp (SNV), or 9,744,515.82 shares, with a Date of Event of 09/30/2025. The filing indicates passive intent, stating the securities were acquired and are held in the ordinary course of business and not to change or influence control.
FMR LLC reports sole voting power over 9,671,476.00 shares and sole dispositive power over 9,744,515.82 shares. Abigail P. Johnson is also a reporting person, with sole dispositive power over 9,744,515.82 shares and no voting power. The filing notes that one or more other persons may have the right to receive dividends or sale proceeds, with no single such interest exceeding five percent of the class.
Synovus Financial Corp. filed its quarterly report for the period ended September 30, 2025, showing a stable balance sheet with modest shifts in funding mix.
Total assets were $60.485 billion, up from $60.234 billion at December 31, 2024. Loans, net were $43.284 billion versus $42.122 billion, while deposits totaled $50.004 billion compared with $51.095 billion. Long-term debt was $3.008 billion, up from $1.733 billion. Accumulated other comprehensive income (loss) improved to $(676.797) million from $(970.765) million, and retained earnings rose to $3.145 billion from $2.736 billion.
Allowance for loan losses was $(469.521) million versus $(486.845) million. Common shares outstanding were 138,813,060 as of September 30, 2025, and 138,817,293 as of October 30, 2025. The company lists Series D and Series E non-cumulative perpetual preferred stock among its registered securities.
Synovus Financial Corp. filed a Rule 425 communication regarding its proposed merger with Pinnacle Financial Partners. The filing reiterates that Steel Newco Inc. filed a Form S-4 to register Newco common stock to be issued to Synovus and Pinnacle shareholders, and that the registration statement was declared effective on September 30, 2025. A definitive joint proxy statement/prospectus was filed and mailing to shareholders commenced on or about September 30, 2025.
The communication contains extensive forward‑looking statements and outlines risks that could affect outcomes, including shareholder and governmental approvals, integration timing and costs, realization of synergies, potential dilution from Newco share issuance, and general market conditions. It also states this is not an offer to sell or a solicitation of an offer to buy securities and encourages investors to review the effective S‑4 and joint proxy/prospectus for details.
Synovus Financial Corp. announced supplemental disclosures to its joint proxy statement/prospectus for its planned merger with Pinnacle Financial Partners. The S-4 registration became effective on September 30, 2025, and both companies will hold special shareholder meetings on November 6, 2025.
The filing adds valuation and modeling details from Centerview and Morgan Stanley. Analyst targets cited were $55.00–$70.00 for Synovus (median $62.00) and $117.00–$145.00 for Pinnacle (median $130.00). Morgan Stanley’s analyses referenced peer trading multiples as of July 21, 2025, and derived implied present values of $50.50–$61.50 per Synovus share and $107.25–$130.00 per Pinnacle share. It also indicated the merger would be accretive to Pinnacle’s EPS by approximately 24% in 2026 and 21% in 2027, while dilutive to tangible book value per share by about 9% and to CET1 ratio by roughly 131 bps. These are estimates and may differ from future results.
Synovus Financial Corp. outlines new details on its pending merger with Pinnacle Financial Partners and related shareholder litigation. Three lawsuits and several stockholder demand letters claim the joint proxy statement/prospectus omits or inadequately describes information about the merger. Synovus, Pinnacle and Newco deny any wrongdoing or legal need for extra disclosure but are issuing supplemental proxy disclosures to avoid delays and reduce litigation risk.
The filing also summarizes valuation work by Centerview and Morgan Stanley. Analysts’ share price targets for Synovus range from $55.00 to $70.00, with a $62.00 median, while Pinnacle targets range from $117.00 to $145.00, with a $130.00 median. Morgan Stanley’s models imply Synovus is valued at 9.9x 2026E EPS and 1.7x tangible book value, and Pinnacle at 13.3x 2026E EPS and 2.0x tangible book value. The merger is estimated to increase Pinnacle’s 2026 and 2027 earnings per share by about 24% and 21%, respectively, but reduce its tangible book value per share by about 9% and its common equity Tier 1 capital ratio by roughly 131 basis points.
Synovus Financial Corp. (SNV) reported an insider transaction by a director. On 10/20/2025, the reporting person purchased 1,000 shares of common stock at $45.37 per share in an open-market trade (Transaction Code P). Following the purchase, the filer beneficially owned 5,464 shares, held directly.