During the first quarter of 2026, in connection with the Merger, Pinnacle reorganized its management reporting structure into two major reportable business segments: Banking and Wealth. Prior to the Merger, the Company operated through a single operating and reporting segment. In connection with these changes, goodwill of $1.8 billion was reallocated to the Banking and Wealth reporting units using a relative fair value approach. Changes to the carrying amount of goodwill by reporting unit for the nine months ended September 30, 2026 are provided in the following table.

Effective January 1, 2026, Pinnacle merged with Synovus. In connection with the Merger, Pinnacle has recorded $1.6 billion of goodwill based on preliminary fair value estimates of assets acquired and liabilities assumed in the business combination as of September 30, 2026. Refer to Note 2 - Business Combination and Note 12 - Segment Reporting in this Report for additional information.

During the three months ended September 30, 2026, Pinnacle sold its majority interest in a third party investment. The disposition resulted in a reduction in goodwill of $5 million and a gain on sale of $4 million, representing the difference in the fair value of consideration received and assets sold.


(in millions)	Banking		Wealth		Total

Change in goodwill from reallocation	$	1,767	$	82	$	1,849
Goodwill acquired during the year (preliminary allocation)	1,348		292		1,640
Disposition of investment	(5)		$	—	(5)
Balance at September 30, 2026	$	3,110	$	374	$	3,484

Additionally, in connection with the Merger, Pinnacle recorded a core deposit intangible asset of $848 million and a wealth customer relationship intangible asset of $262 million on the merger date. The CDI is being amortized using the sum-of-the years-digits method over approximately 10 years. The wealth customer relationship intangible is being amortized on a straight-line basis over its estimated useful life of approximately 14 years.

The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of September 30, 2026 and December 31, 2025.


(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
September 30, 2026
CDI	$	937	$	(208)	$	729
Wealth Customer Relationships	262		(14)		248
Client Relationships	26		(19)		7

Other	15		—		15
Total other intangible assets	$	1,240	$	(241)	$	999

December 31, 2025
CDI	$	89	$	(84)	$	5
Client Relationships	26		(17)		9

Other	16		—		16

Total other intangible assets	$	131	$	(101)	$	30