Exhibit 99.2

 Pinnacle and Synovus to Combine:  Building The Southeast Growth Champion  July 24, 2025 
 
 Forward-Looking Statements  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, (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. 
 
 Important Information About the Merger  Important Information About the Merger and Where to Find It  Steel Newco Inc. (“Newco”) intends to file a registration statement on Form S-4 with the SEC 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 will include a joint proxy statement of Synovus and Pinnacle that also constitutes a prospectus of Newco. The definitive joint proxy statement/prospectus will be sent to the shareholders of each of Synovus and Pinnacle in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS WHEN THEY BECOME AVAILABLE (AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE 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  (706) 641-6500  investorrelations@pnfp.com  (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 joint proxy statement/prospectus when they become available, including any amendments thereto, because they will contain important information about the proposed transaction. Free copies of these documents may be obtained as described above. 
 
 Additional Statements  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 will be included in the joint proxy statement/prospectus and 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. 
 
 Terry Turner  President and Chief Executive Officer  Kevin Blair  Chairman, Chief Executive Officer and President  Jamie Gregory  Chief Financial Officer  Harold Carpenter  Chief Financial Officer  Today’s Speakers 
 
 The Combination Is Financially Compelling …  Refer to the End Notes for sources and footnoted information.    Significant Scale  Top-Quartile Profitability   (2027E)  Compelling Financial Metrics  1.38%  ROAA  18%  ROATCE  $116bn  Total Assets  $95bn  Total Deposits  2.6 years   TBVPS Earnback  $81bn  Total Loans  47%  Efficiency Ratio  21%  2027E EPS Accretion  9.8%  CET1 Ratio   at Close 
 
 … And Positioned to Deliver for Clients and Investors …  Refer to the End Notes for sources and footnoted information.   High-Growth Market Focus  Winning Culture  Exceptional   Client Service  Track Record of  Profitable Growth  Efficient  Operating Model  Driver  Pro Forma  5.1%   4.3%  4.6%   (#1 among peers)  4.0 / #2  4.2 / #1  Employer of choice  in our markets  #3  #6  $212 million  $195 million  13.1%  11.4%  Top-quartile revenue and net income growth, with strong risk discipline  Trusted partner  to our clients  $202 million  (#1 among peers)  55%   52%   47%  (#1 among peers)  12.8%  7.2%  Metric  Last 10 Years   Adj. EPS Growth  Last 10 Years   Adj. Revenue Growth  Household Growth  Employee Satisfaction  (Glassdoor)  J.D. Power Top 50 Banks:  Overall Satisfaction  Avg. Deposits per Branch  Efficiency Ratio (2027E) 
 
 … Building on Our Peer-Leading Positioning  Superior Branch Efficiency  Average Deposits per Branch ($mm)  Best Markets  Projected Household Growth  Unmatched Customer Satisfaction  2025 J.D. Power Net Promoter Score  Most Engaged Team  Glassdoor Average Employee Satisfaction  Refer to the End Notes for sources and footnoted information.  
 
 Key Transaction Highlights  Structure  0.5237x fixed exchange ratio; 100% stock transaction  Pinnacle Financial Partners common stock will trade on the NYSE under the ticker symbol PNFP  Pricing  Leadership  Board of Directors  Pro Forma Ownership  Brand  Headquarters  Community Commitments  Approvals and Timing  Implied transaction value of $61.18 per Synovus share (10% premium to unaffected Synovus stock price)  Terry Turner, Chairman (Current Pinnacle President and Chief Executive Officer)  Kevin Blair, President and Chief Executive Officer (Current Synovus Chairman, Chief Executive Officer and President)  Rob McCabe, Vice Chairman and Chief Banking Officer (Current Pinnacle Chairman)  Jamie Gregory, Chief Financial Officer (Current Synovus Chief Financial Officer)  15 directors; 8 Pinnacle and 7 Synovus  Approximately 51.5% Pinnacle shareholders and 48.5% Synovus shareholders  Pinnacle Financial Partners and Pinnacle Bank  Corporate: Atlanta, GA  Bank: Nashville, TN  Significant employment commitments to Nashville, Atlanta and Columbus; continuing strong community development and charitable support across the footprint  Pinnacle and Synovus shareholders; customary regulatory approvals  Expected closing in Q1 2026  Refer to the End Notes for sources and footnoted information.  
 
 Totally Aligned to Compete and Win in the Market  Operating Model   Compensation Philosophy  Brand  Leadership   Geography   Plan   Alignment  Takeaways  Entrepreneurial and Disciplined  Firmwide  Alignment  Total Clarity  Team for the  Next Decade  Anchored in the Two Capitals of the South  P  P  P  P  P  Aligned on a geographic operating model with empowered local leadership, including recruiting and client selection  Leveraging Synovus investments in LFI readiness (people, process, technology)  Specialty businesses to support geographic banking model  Deploying Pinnacle’s unique compensation model, ensuring total alignment across franchise   Corporate incentive plan based on revenue and EPS growth, two of the most highly correlated metrics with total shareholder return  Pinnacle brand recognized as best-in-class for commercial banking  45 combined Coalition Greenwich “Best Bank” awards in 2025  Kevin Blair (54) and Jamie Gregory (49) well-positioned for long-term success  Terry Turner and Rob McCabe to partner with the new management team  Best-of-breed approach for pro forma leadership; decisions already made on senior leadership team  Pinnacle will be the largest bank holding company headquartered in Georgia and the largest bank headquartered in Tennessee  Refer to the End Notes for sources and footnoted information.  
 
 Pro Forma Branch Footprint  Deposit Market Share  Southeast Headquartered Regional Banks   Synovus   Pinnacle  Pro forma footprint population projected to grow 2x faster than national average  Total Assets  SE Deposit  Market Share  #  Bank        ($bn)     (%)  1  Truist  544  11.9  2  Regions  159  3.7  3  First Citizens  229  3.5     Pro Forma  116  3.2  4  First Horizon  82  2.0  5  Synovus        61     1.8  6  Pinnacle        55     1.4  7  SouthState  65  1.3  8  EverBank  42  1.0  9  Bank OZK  41  1.0  10  Cadence  50  0.9  11  United Community  28  0.8  12  Atlantic Union  37  0.8  13  Ameris  27  0.8  14  BankUnited  35  0.8  15  United Bankshares  33  0.8  Refer to the End Notes for sources and footnoted information.   Centered in America’s Best Growth Markets 
 
 Cumulative Growth in Adjusted EPS (2014 – 2024)  Refer to the End Notes for sources and footnoted information.   Track Record of Peer-Leading EPS Growth 
 
 Shared Commitment Drives Success  Be the best place to work for the strongest, most client-centric bankers in our footprint  70%  “Top Box” Work   Environment Scores  P  Serve clients so well that they rave about what we do for them  75+  Greenwich  Net Promoter Score  P  Continue rewarding shareholders with outsized performance and value creation   Top-Quartile Growth  in Revenue, EPS and TBVPS + Dividends   P  EnergizedAssociates  Engaged Clients  EnrichedShareholders  How We Will Measure Success  Consistent  With History  Our Shared Commitment 
 
 Relentless Focus on Serving Clients in Our Markets   Commercial and Middle Market Banking  Commercial Real Estate Banking  Private Banking / Private Wealth Services  Retail Banking  Geographic Market Leadership  Specialty Businesses  Specialty Commercial Lending  Treasury & Payment Solutions  Capital Markets  Mortgage  Wealth (Brokerage, Trust)  Commercial Sponsorship  Specialty Deposit Verticals  Rob McCabe (Chief Banking Officer)  Charlie Clark  Georgia  Bryan Bean  Tennessee / Kentucky  Chris Abele  Alabama  Rick Callicutt  Carolinas and Virginia  Scott Keith  North / Central Florida  Mike Walker  South Florida 
 
 We Have a Long Runway to Continue Taking Share …  Pro Forma Deposit Share in Our Top 15 Southeast MSAs  Pro Forma Deposit Share Rank  Tennessee  Carolinas  Georgia  Florida  Alabama  #2   #1   #4   #3   #3   #4   #6   #5   #7   #2  #5  #12  #12  #23  #4  Combined Deposits ($bn):  $2.4  $12.8  $2.9  $2.3  $2.0  $2.1  $1.0  $1.6  $2.0  $12.2  $1.3  $3.7  $1.9  $1.1  $2.8  Refer to the End Notes for sources and footnoted information.  
 
 … And Limited Overlap Creates a Low-Risk Integration  Total Deposits in Pinnacle / Synovus Shared MSAs  >75%  Pinnacle  Pinnacle / Synovus Split   >75%  Synovus  Nashville, TN  Chattanooga, TN  Charleston, SC  Myrtle Beach, SC  Greenville, SC  Spartanburg, SC  Hilton Head, SC  Atlanta, GA  Birmingham, AL  Huntsville, AL  Jacksonville, FL  Subtotal  Subtotal  Subtotal  Percent of  Pro Forma  Deposits  Pinnacle %  Pinnacle  Synovus  Deposits in Shared MSAs ($mm)  MSA  Total Deposits ($bn)  Shared MSAs  Pinnacle Only  Shared MSAs  Synovus Only  64%   45%   36%   55%   $462   $19,708   98%   22%   186   2,197   92%   3%   $648   $21,906   97%   25%   $1,009   $1,117   53%   2%   958   348   27%   1%   446   440   50%   1%   298   402   57%   1%   165   117   42%   0%   117   72   38%   0%   $2,992   $2,497   45%   6%   $14,856   $747   5%   17%   3,349   322   9%   4%   748   29   4%   1%   $18,953   $1,098   5%   22%   Refer to the End Notes for sources and footnoted information.  
 
 #6  Customer Satisfaction  #6  Net Promoter Score  #2  People  #4  Net Promoter Score  Best Bank  Ease of Doing Business  Best Bank  Satisfaction with RMs  #1  Bank You Can Trust  #1  Overall Satisfaction  Best Bank  Trust  Best Bank  Overall Satisfaction  #1  Understanding Your Industry  #1  Satisfaction with RMs  Our Differentiated Client Focus Sets Us Apart  Refer to the End Notes for sources and footnoted information.  
 
 2  COVID Surge  Q1’20 to Q1’22  This Client Focus Drives Peer-Leading Deposit Growth  Average Year-Over-Year Core Deposit Growth  Rising Rates  Q1’22 to Q2’24  Current Period  Q2’24 to Q2’25  +850bps  +580bps  +600bps  Refer to the End Notes for sources and footnoted information.  
 
 Summary Financial Assumptions  Earnings Projections  Consensus earnings estimates for Pinnacle and Synovus  Merger Costs  Synergies  Loan Credit Mark  Interest Rate &  Fair Value Marks  Capital  $675 million in pre-tax merger expenses  Additional estimated $45 million of one-time LFI costs  $250 million of run-rate net expense savings, or 10% of combined non-interest expense  Includes estimated $285 million of gross run-rate expense savings with an incremental $35 million of ongoing LFI non-interest expense  Revenue synergies expected but not included in announced financial metrics  $(483) million gross loan credit mark or 1.1% of Synovus gross loans, in-line with Synovus' existing ALL  Core deposit intangible of 2.4% of Synovus' total core deposits excluding jumbo CDs  $197 million wealth intangible  Identifiable Intangibles  Pro forma common dividend targets ~20% dividend payout ratio  Limited AOCI post-close   $(1.8) billion of total pre-tax net asset marks & AOCI accreted back through earnings  $(874) million pre-tax loan mark  $(946) million pre-tax AFS and HTM securities mark  $(4) million pre-tax time deposits mark  $237 million pre-tax write-up of fixed assets (primarily branch related)  Refer to the End Notes for sources and footnoted information.  
 
 High-Conviction, No-Regrets Expense Savings …  $250 million of run-rate net expense savings; additional investments for LFI readiness  ($35 million) netted against gross synergies ($285 million)  Limited front line impact  and branch overlap  Only ~5% of combined workforce expected to be impacted  Synergies developed through a bottom-up detailed review of staffing, technology and real estate needs  Conservative approach to cost savings; focus on preserving combined growth profile  Primarily leveraging Synovus' technology stack  
 
 Commercial Banking  … Identified in a Comprehensive Mutual Diligence Process  Key Diligence Focus Areas  Specialty Businesses  Commercial Real Estate  Credit Underwriting  Legal  Risk Management  Technology and Operations  Regulatory and Compliance  Finance, Tax and Accounting  Human Resources  Credit Diligence Snapshot  In-depth reciprocal credit diligence  Detailed review of policies to ensure compatibility across institutions  Combination of dedicated company resources and third-party support  Portfolios Covered  Commercial and Industrial  Commercial Real Estate  Multifamily  Construction and Land Development  Structured Lending  Life Insurance Finance  Asset-Based Lending  Nonperforming Loans  Criticized and Classified 
 
 Enhanced Capital Generation Will Fuel Growth Engine   Ongoing commitment to conservative and disciplined capital management  9.8% pro forma CET1 at close  Pro Forma Annual Capital Generation  CET1 Ratio (%)  Stated CET1  Excess Capital Over 9.2% CET1 incl. AOCI (Peer Median)  ~$400mm  ~$950mm  ~$1,900mm  Attractive pro forma dividend policy  Target ~20% common dividend payout ratio  Strong capital generation fuels growth  $2.4bn generation (after dividends) in first 7 quarters after close  CET1 incl. AOCI  MRQ Peer Median CET1 incl. AOCI: 9.2%  Refer to the End Notes for sources and footnoted information.  
 
 We Will Deliver Top-Quartile Performance  Refer to the End Notes for sources and footnoted information.   Revenue Growth (2025E – 2027E CAGR) (%)   ROAA (2027E) (%)  ROATCE (2027E) (%)   Efficiency Ratio (2027E) (%)   ’25E-’27E Expense   CAGR (%)  6.4  3.3  3.1  3.3  3.2  2.5  4.1  3.3  3.5  3.2 
 
 We Are Completely Aligned on Our Shared Vision …   Compelling Strategic and Financial Rationale  Highly compatible leadership and corporate cultures  Leadership  Financially compelling transaction with strong EPS accretion, achievable cost savings and reasonable TBV earnback  Recruiting model and compensation structure  Brand Name  Operating model and core system  Further diversifies revenue mix while maintaining balance sheet and capital strength  Most economically vibrant footprint in the country  Execution-Ready with Key Decisions Made  Deep leadership team with LFI experience  Holding company, bank headquarters and community commitments 
 
 … To Create a Growth Champion for the Long Term  High-Growth Markets  Winning Culture  Exceptional Client Service  Profitable Growth  Efficient Operating Model  4.6% Household Growth  Employer of Choice in our Markets  Top-quartile revenue and net income growth   with strong risk discipline  Trusted Partner to our Clients  Average Deposits per Branch of $202 million;   47% Efficiency Ratio (2027E)  Pro Forma Rank  Key Driver  #1  #1  #1  #1  #1 
 
 Appendix 
 
 Strategic Rationale  Excellent market positioning across a complementary branch network  Concentrated in high-growth and attractive core markets – the most economically vibrant footprint in regional banking  Foundational commitment to our legacy markets and our communities  Southeast Commitment  Committed to running a fortress bank in all respects  Deep leadership teams with significant large bank experience  Further diversification of revenue mix while maintaining balance sheet and capital strength   Safety and Soundness  Genuine scarcity value derived from status as a scaled, Southeast-focused bank   Combined scale enhances ability to invest while driving top tier returns  Financially compelling deal with strategic merit: strong EPS accretion, achievable cost savings and a reasonable TBVPS earnback  Shareholder Returns  Highly compatible leadership and corporate cultures  Opportunity to capitalize upon the core competencies of each organization, combining Pinnacle’s go-to-market strategy with Synovus’ sophisticated corporate infrastructure   Team and Culture  Unwavering focus on a seamless integration  Thoughtful approach to communication and coordination  Expanded geographic breadth; broader selection of products and services  Client Experience 
 
 Pro Forma Loan and Deposit Composition  Loan   Portfolio  (Q2’25)  Deposit   Base  (Q2’25)  Loans/Deposits  (Q2’25)  CRE  Commercial  Non-Interest Bearing  Interest Bearing  Time Deposits  82%   87%   85%   Consumer  Yield on Loans:  6.26%   6.25%   6.25%   Residential  CRE  Residential  CRE  Residential  Non-Interest Bearing  Interest Bearing  Time Deposits  Non-Interest Bearing  Interest Bearing  Time Deposits  Cost of Deposits:  2.58%   2.22%   2.38%   Pro Forma  Commercial  Commercial  Consumer  Consumer  Refer to the End Notes for sources and footnoted information.  
 
 Refer to the End Notes for sources and footnoted information.   Detailed Financial Assumptions  Earnings Projections  Consensus earnings estimates for Pinnacle and Synovus  Merger Costs  Synergies  Loan Credit Mark  Interest Rate &  Fair Value Marks  Identifiable Intangibles  $675 million pre-tax merger expenses with additional $45 million of one-time LFI costs  Expected to be realized 50% at close and 50% in first 12 months post-close  Estimated $250 million of run-rate net expense savings, or 10% of combined non-interest expense  Includes estimated $285 million of gross run-rate expense savings with an incremental $35 million of ongoing LFI non-interest expense  Expected to be realized 50% in 2026, 75% in 2027 and 100% thereafter  Revenue synergies expected but not included in announced financial metrics  $(483) million gross loan credit mark or 1.1% of Synovus gross loans, in-line with Synovus’ existing ALL  Assumes adoption of FASB proposed standard to eliminate CECL double count  $(673) million AOCI; accreted into earnings straight line over 8 years  $(52) million pre-tax HTM securities mark; accreted into earnings straight line over 15 years  $(874) million pre-tax loan mark; accreted into earnings over 10 years on sum-of-the-years digits basis  $(4) million pre-tax time deposits mark; amortized into earnings in year 1  $237 million pre-tax write-up of fixed assets; depreciated over the useful life of the assets  Core deposit intangible of 2.4% of Synovus’ total core deposits excluding jumbo CDs; amortized into earnings over 10 years on sum-of-the-years digits basis  $197 million wealth intangible; amortized into earnings straight line over 10 years 
 
 Purchase Accounting Summary  Tangible Book Value Per Share Dilution  Total Intangibles Created  Refer to the End Notes for sources and footnoted information.  
 
 Pro Forma Earnings Per Share Accretion  Pro Forma 2027 Net Income and EPS  Refer to the End Notes for sources and footnoted information.  
 
 End Notes  Peers listed include CFG, FITB, HBAN, KEY, MTB, PNC, RF, TFC and USB.  Page 6 – The Combination is Financially Compelling …   Scale figures represent a simple summation as of June 30, 2025 and exclude purchase accounting adjustments. EPS accretion and profitability metrics presented as of 2027E and include fully phased-in cost savings. Reflects operating efficiency ratio including accretable yield.   Page 7 – … And Positioned to Deliver for Clients and Investors …  Source: S&P Capital IQ Pro, FDIC, J.D. Power and Coalition Greenwich. FDIC deposit data as of June 30, 2024 and capped at $5 billion per branch. EPS Growth and Revenue Growth reflect 2014-2024 Adjusted EPS CAGR and 2014-2024 Adjusted Total Revenue per share CAGR, respectively. Household growth reflects estimated 2025-2030 (not annualized); growth rate reflects deposit-weighted average based on MSA-level deposits. Employee satisfaction reflects Glassdoor average employee satisfaction (out of 5 stars) as of June 27, 2025. J.D. Power rankings reflect U.S. Retail Banking Satisfaction Study. Reflects operating efficiency ratio including accretable yield.   Page 8 – … Building on Our Peer-Leading Positioning  Source: FDIC, J.D. Power and S&P Capital IQ Pro. FDIC deposit data as of June 30, 2024 and capped at $5 billion per branch. Reflects Glassdoor average employee satisfaction rating (out of 5 stars). Reflects estimated 2025-2030 (not annualized) household growth; growth rate reflects deposit-weighted average based on MSA-level deposits. Pro forma employee satisfaction and NPS figures blended based on 51.5% Pinnacle ownership and 48.5% Synovus ownership.  Page 9 – Key Transaction Highlights  Unaffected date as of July 21, 2025.  Page 10 – Totally Aligned to Compete and Win in the Market  Source: Coalition Greenwich.   Page 11 – Centered in America’s Best Growth Markets  Source: S&P Capital IQ Pro and FDIC. FDIC deposit data as of June 30, 2024. Total assets as of Q2’25A. Market share based on retail branches with pro forma ownership. Pro forma assets represent a simple summation as of June 30, 2025 and exclude purchase accounting adjustments.  Page 12 – Track Record of Peer-Leading EPS Growth  Reflect publicly reported adjusted earnings per share figures.  Page 15 – We Have a Long Runway to Continue Taking Share …  Source: FDIC and S&P Capital IQ Pro. FDIC deposit data as of June 30, 2024. Top 15 MSAs by pro forma deposits where total market deposits exceed $10 billion and deposits are capped at $5 billion per branch. MSAs shown by state in descending order of pro forma deposit share. Excludes credit union deposits. Pro forma deposit share may not sum due to rounding.   Page 16 – … And Limited Overlap Creates a Low-Risk Integration  Source: FDIC and S&P Capital IQ Pro. FDIC deposit data as of June 30, 2024. Deposits per branch are not capped. Shared MSAs are sorted by percent of pro forma franchise deposits from high to low within each category. 
 
 End Notes (Continued)  Page 17 – Our Differentiated Client Focus Sets Us Apart  Source: J.D. Power and Coalition Greenwich. Greenwich: Pinnacle reflects 2025 rankings across Pinnacle’s eight state Southeastern footprint; Synovus reflects 2025 rankings in U.S. middle market banking. J.D. Power: Pinnacle and Synovus reflect 2025 rankings for top 50 U.S. banks.  Page 18 – This Client Focus Drives Peer-Leading Deposit Growth  Source: S&P Capital IQ Pro. Reflects average YoY quarterly growth rates over each period. Peer figures are pro forma throughout the period if an M&A transaction was completed. Core deposits defined as non-time deposits.   Page 19 – Summary Financial Assumptions  All figures are approximate. Pre-tax AFS and HTM mark includes $343mm mark on AFS portfolio included in AOCI, $561mm mark on previously transferred HTM included in AOCI, $10mm write-up of cash flow hedges included in AOCI and an incremental $52mm mark on the HTM portfolio.  Page 22 – Enhanced Capital Generation Will Fuel Growth Engine  Source: S&P Capital IQ Pro. Pro forma capital generation assumes no share repurchases through the projection period. Pro forma RWA growth in-line with standalone consensus estimates. Peer median CET1 Ratio as of most recent quarter. At Close reflects pro forma capital as of March 31, 2026.  Page 23 – We Will Deliver Top-Tier Performance  Source: S&P Capital IQ Pro. Estimate information as of July 21, 2025. Pro forma revenue growth represents combined standalone consensus revenue for both Pinnacle and Synovus. 2027E metrics include impacts of purchase accounting. Pro forma figures reflect fully-phased cost savings. Reflects operating efficiency ratio including accretable yield.   Page 25 – … To Create a Growth Champion for the Long Term  Source: FDIC and S&P Capital IQ Pro. FDIC deposit data as of June 30, 2024 and capped at $5 billion per branch. Household growth reflects estimated 2025-2030 (not annualized); growth rate reflects deposit-weighted average based on MSA-level deposits. Reflects operating efficiency ratio including accretable yield.   Page 28 – Pro Forma Loan and Deposit Composition  Represents a simple summation or calculation as of June 30, 2025 and excludes purchase accounting adjustments. Yields on loans and cost of deposits reflect Q2’25 average. Commercial includes C&I and Owner Occupied CRE. CRE includes Non-Owner-Occupied CRE, Construction and Development and Multifamily. Time deposits exclude public funds and brokered deposits.   Page 30 – Purchase Accounting Summary  Estimated financial impact is presented for illustrative purposes only. Pro forma date is subject to various assumptions and uncertainties.   Page 31 – Pro Forma Earnings per Share Accretion  Estimated financial impact is presented for illustrative purposes only. Other transaction adjustments includes earnings impact of future potential long-term debt issuance and other transaction impacts. Pro forma date is subject to various assumptions and uncertainties.