Pinnacle Bank and Synovus Bank Merger Promises 21% EPS Jump
The Pinnacle Bank and Synovus Bank merger represents an $8.6 billion all-stock deal that companies announced right now to create the Southeast’s fastest-growing regional banking institution. This Pinnacle Financial Partners merger with Synovus actually delivers a substantial 21% earnings per share boost by 2027. The southeastern bank merger combines two high-performing institutions with approximately $115.8 billion in combined assets, and both boards of directors have unanimously approved the deal. Also Read: Sam Altman Predicts Radical Shift in Economy Due to AI Rise Driving Growth with Pinnacle Financial Partners Merger and Synovus Merger Source: Yahoo Finance Transaction Details and Financial Impact The Pinnacle Bank and Synovus Bank merger establishes a fixed exchange ratio of 0.5237 Synovus shares per each Pinnacle share, which actually values Synovus at $61.18 per share. This represents approximately a 10% premium and creates what will be a tax-free transaction for sharehold...