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Pinnacle Financial Partners gains market share, places No. 5 in Alabama

Mobile sees biggest market share gain in the firm, Florida Panhandle maintains market share position while serving clients through integration with Synovus


Birmingham, Ala., Sept. 23, 2026 – Pinnacle Financial Partners continued to grow across Alabama following its merger with Synovus, reaching $8.2 billion in local deposits as of June 30, 2026, according to newly released FDIC data. Pinnacle now ranks No. 5 statewide, with 5.7% market share, and is the fastest-growing financial institution in Mobile.

“The first credit belongs to our clients, who continue to place their trust in us, and to our team members, who earn that trust every day,” said Chris Abele, Pinnacle's state head of Alabama banking. “Our growth strategy starts locally. We know the financial professionals in this market, we know the businesses and families they serve, and we know what it takes to build lasting relationships here. The numbers are simply evidence that those relationships are growing.”

Statewide, Pinnacle ranks among the top five in market share in five of the nine MSAs where it operates, including No. 2 in Huntsville. In the nearby Florida Panhandle, the firm is second in market share for Pensacola-Ferry Pass-Brent and third in Crestview-Fort Walton Beach-Destin, despite slower deposit growth over the past year.

Pinnacle experienced its biggest market share gains in its coastal Alabama markets, Daphne-Fairhope-Foley and Mobile, growing deposits by nearly $200 million.

Mobile

  • No. 9 by deposits with $254 million
  • 2.4% market share
  • $180 million added
  • 245% pro forma combined growth
  • Pinnacle gained the most share and grew faster than any other bank in the market.
  • Moved up eight spots from previous year.

Birmingham

  • No. 4 by deposits with $4.2 billion
  • 7.7% market share
  • $51 million added
  • 1% pro forma combined growth
  • Firm’s largest market position by deposits in Alabama, with significant growth potential.

Daphne–Fairhope–Foley

  • No. 22 by deposits with $53 million
  • 0.8% market share
  • $18 million added
  • 51% pro forma combined growth
  • Grew deposits and improved market share, moving up one spot from previous year.

Huntsville

  • No. 2 by deposits with $1.4 billion
  • 11% market share
  • $144 million

Pensacola, Florida

  • No.2 by deposits with $1 billion
  • 12.8% market share
  • $44 million

Across Pinnacle’s footprint, the firm grew deposits in 39 MSAs measured by the FDIC and gained share in 29. The firm holds the No. 1 position in six markets across the Southeast, including Nashville, Tennessee, and Columbus, Georgia, and is top 3 in 15 markets. In Nashville, Pinnacle is the No. 1 bank by deposits with $22.7 billion, and in Atlanta, No. 4 with $17.1 billion.

These results come during Pinnacle’s first year as a combined company following its January 2026 merger with Synovus. Throughout integration, local financial advisors have continued to serve clients and pursue new relationships while dedicated teams work on the operational integration behind the scenes. At the same time, local leaders have kept Pinnacle’s recruiting engine running, with 12 new revenue-producing team members hired in Alabama, including Birmingham, Huntsville and Mobile, and the Florida panhandle, through July 15, 2026, adding even more experienced financial professionals with deep local relationships and expertise.

The newly released FDIC data also reflects the combined deposits of legacy Pinnacle and Synovus. Alabama is among the states where both firms had an existing presence, so a portion of the year-over-year change reflects the combination of those local franchises.




About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc. (“Pinnacle”) is a $129.1 billion asset regional bank which provides a full range of banking, investment, trust, mortgage and insurance products and services for commercial and consumer clients who want a comprehensive relationship with their financial institution. The firm joined forces with Synovus Financial Corp. in 2026, bringing together more than 160 years of combined banking service. Pinnacle is the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia. The firm is No. 1 in deposit market share* in the Nashville MSA and No. 4 in the Atlanta MSA with offices in Tennessee, Georgia, Florida, North Carolina, South Carolina, Alabama, Kentucky, Virginia and Maryland.

Pinnacle is an employer of choice for financial services professionals. The firm is No. 12 in the Fortune 100 Best Companies to Work For® in 2026, its 10th consecutive appearance. Pinnacle was also recognized by American Banker as No. 4 among America’s Best Banks to Work For in 2025, its 13th consecutive year on the list, and No. 1 among banks with more than $10 billion in assets. Learn more about Pinnacle at PNFP.com.

*As of June 30, 2026, according to FDIC data.