Synovus Financial Corp. (“Synovus”) (NYSE: SNV) today announced the pricing of its previously-announced underwritten public offering of $500 million of fixed rate / floating rate senior notes due 2030 (the “Notes”). The Notes will bear interest (i) from and including November 1, 2024 to but excluding November 1, 2029 at a fixed rate of 6.168% per annum; and (ii) from and including November 1, 2029 to but excluding November 1, 2030 in accordance with the formula for SOFR described in the prospectus supplement related to the offering, plus 2.347%. The offering is expected to close on November 1, 2024, subject to customary closing conditions. Synovus intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of existing debt.

BofA Securities, Inc. and Morgan Stanley & Co. LLC are the active joint book-running managers for the offering, Synovus Securities, Inc. is the passive book-running manager for the offering and Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Keefe, Bruyette & Woods, Inc. and RBC Capital Markets, LLC are the co-managers for the offering.

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