Pinnacle Financial Partners, Inc. (formerly Steel Newco Inc.) completed its merger with Synovus Financial Corp. and Legacy Pinnacle Financial Partners, Inc. on January 1, 2026, with Newco surviving and adopting the Pinnacle Financial Partners, Inc. name. Synovus Bank merged into Pinnacle Bank, a Tennessee state-chartered bank, which survived the merger. Synovus common stock converted into 0.5237 shares of Newco common stock, while Legacy Pinnacle common stock converted into 1.0000 shares of Newco common stock. Net income available to common shareholders for 2025 was $746.7 million, a 70% increase from $439.6 million in 2024. Diluted earnings per common share rose 76% to $5.33 in 2025 from $3.03 in 2024. Net interest income increased 7% to $1.87 billion in 2025, up from $1.75 billion in 2024, driven by lower deposit costs. Net interest margin expanded by 20 basis points to 3.39% in 2025, compared to 3.19% in 2024. Non-interest revenue surged 124% to $536.4 million in 2025, primarily due to the absence of prior year's $256.7 million losses from investment securities sales, coupled with higher core banking fees and wealth revenue. Total loans, net of deferred fees and costs, grew 5% to $44.63 billion at December 31, 2025. Credit quality improved, with the non-performing assets ratio decreasing to 0.62% and the non-performing loans ratio to 0.57% at year-end 2025. Net charge-offs decreased to $78.7 million (0.18% of average loans) in 2025, down from $134.0 million (0.31% of average loans) in 2024. The CET1 capital ratio increased by 44 basis points to 11.28% at December 31, 2025, significantly exceeding regulatory requirements. The company repurchased 2.9 million shares of common stock at an average price of $48.62 per share in 2025, pausing repurchases due to the merger agreement.