COLUMBUS, Georgia, October 29, 2024–(BUSINESS WIRE)–Synovus Financial Corp. (“Synovus”) (NYSE: SNV) today announced a public tender offer for senior notes due 2030. Synovus intends to use the net proceeds from the offering for general corporate purposes, which may include repaying existing indebtedness.

BofA Securities, Inc. and Morgan Stanley & Co. LLC will act as active joint book-running managers for the offering, and Synovus Securities, Inc. will act as passive book-running managers for the offering.

Synovus is making the offering pursuant to an effective registration statement filed under the Securities Act of 1933, as amended (the “Securities Act”). The offering is being made exclusively by means of a separate prospectus supplement and accompanying prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration qualifications pursuant to the securities laws of such state or jurisdiction. A copy of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained from BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, at: Attn: Prospectus Department, received. Email: [email protected]; or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2^nd Floor, New York, NY 10014, email: [email protected]. Prospective investors should first read the applicable prospectus supplement and the accompanying prospectus, registration statement and other documents that Synovus has filed with the Securities and Exchange Commission (the “SEC”) in connection with the offering. Investors may obtain these documents free of charge on the SEC’s website at www.sec.gov.

Synovus Financial Corp.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with assets of approximately $60 billion. Synovus offers commercial and retail banking and a full range of specialized products and services, including asset services, treasury management, mortgage services, premium financing, asset-based lending, structured credit, capital markets and international banking. Synovus has offices in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work certified company. Learn more about Synovus at synovus.com.

Forward-Looking Statements

This press release and certain of our other filings with the SEC contain statements that constitute and are subject to “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements by the fact that Synovus uses words such as “believes,” “anticipates,” “expects,” “could,” “will,” “anticipates,” “predicts,” “could,” “should,” ” would”, “intends”, “objectives”, “estimates”, “projects”, “plans”, “potential” and other similar words and expressions that relate to the future or otherwise to the prospects for future business and Synovus’ finances relate to performance and/or the performance of the financial services industry and the economy in general. These forward-looking statements include, among other things, our expectations regarding the expected use of the net proceeds from the offering; our future operating and financial performance; expectations regarding our growth strategy, cost and revenue initiatives, capital management, balance sheet management and future profitability; expectations of credit quality and performance; and the assumptions underlying our expectations. Prospective investors are cautioned that such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties that may cause Synovus’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed differ or be implied by such forward-looking statements. Forward-looking statements are based on the current beliefs and expectations of Synovus’ management and are subject to significant risks and uncertainties. Actual results may differ materially from those anticipated in such forward-looking statements. A number of factors could cause actual results to differ materially from those anticipated in the forward-looking statements contained in this press release. Many of these factors cannot be controlled or predicted by Synovus.

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