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Pinnacle Sets Hiring and Growth Targets After Synovus Merger

Leaders emphasized a recruiter-led expansion strategy to drive scale.

Overview

  • Pinnacle plans to recruit 225 to 250 revenue-producing bankers in 2026 and 250 to 275 in 2027 across its expanded Southeast footprint.
  • Management guided to end‑of‑2026 loans rising 9% to 11% from the combined year‑end base and year‑end deposits of $106.5 billion to $108.5 billion.
  • About 35% of projected loan growth is expected from bankers hired in the past three years, 35% from specialty businesses, and 30% from longer‑tenured relationship managers.
  • The company expects to realize roughly 40%, or about $100 million, of annualized merger‑related expense savings in 2026.
  • A full systems conversion is scheduled for March 2027, as the $117 billion‑asset bank integrates operations following a Jan. 1 close and contends with investor caution that left shares down about 2% Thursday.