Synovus Financial Corp. (SNV)
| Market Cap | 7.13B |
| Revenue (ttm) | 1.75B |
| Net Income (ttm) | 321.35M |
| Shares Out | 141.67M |
| EPS (ttm) | 2.20 |
| PE Ratio | 22.89 |
| Forward PE | 11.17 |
| Dividend | $1.52 (3.02%) |
| Ex-Dividend Date | Dec 19, 2024 |
| Volume | 1,303,571 |
| Open | 49.42 |
| Previous Close | 49.68 |
| Day's Range | 49.17 - 50.82 |
| 52-Week Range | 33.44 - 59.92 |
| Beta | 1.40 |
| Analysts | Buy |
| Price Target | 56.74 (+12.69%) |
| Earnings Date | Jan 15, 2025 |
About SNV
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company’s commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services. Its consumer banking services comprise accepting customary types of demand and... [Read more]
Financial Performance
In 2023, Synovus Financial's revenue was $2.03 billion, a decrease of -4.12% compared to the previous year's $2.12 billion. Earnings were $507.76 million, a decrease of -29.94%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for SNV stock is "Buy." The 12-month stock price forecast is $56.74, which is an increase of 12.69% from the latest price.
News
Synovus contributes $500,000 to AAA Scholarship Foundation
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus has contributed $500,000 to the AAA Scholarship Foundation to provide educational opportunities for students in Florida.
Synovus announces election of Greg Montana to its board of directors
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus has appointed Greg Montana to its board of directors.
How To Invest $1,000 In Regional Banks For 2025: Top Wall Street Analyst Reveals His Top Picks
Regional bank stocks have been on a tear since the 2024 U.S. election, with the SPDR S&P Regional Banking ETF KRE climbing about 10% versus the broader S&P 500's 5% gain.
Synovus to announce fourth quarter 2024 earnings results
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus will announce fourth quarter 2024 earnings results.
Synovus introduces Accelerate Trade for international trade finance
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus has launched its newest initiative, Accelerate Trade, a portal for international business clients to manage global trade finance products.
Synovus announces quarterly dividends
COLUMBUS, Ga.--(BUSINESS WIRE)--The board of directors of Synovus Financial Corp. (NYSE: SNV) has declared the following quarterly dividends: $0.38 per share on the company's common stock, payable on ...
Synovus Financial: Series E Dividends Provide Best Yield Despite Premium Price
Synovus Financial is managing interest rate volatility well, with net interest income growing despite no loan growth and increasing long-term debt. The Series E preferred shares are more attractive du...
Synovus to present at Goldman Sachs 2024 US Financial Services Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Chairman, CEO and President Kevin Blair will make an investor presentation at the Goldman Sachs 2024 U.S. Financial Services Conference.
Synovus names new chief credit officer
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus names Anne Fortner as executive vice president, chief credit officer, effective March 31, 2025; Bob Derrick to retire.
Synovus announces pricing of $500 million senior notes offering
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. announced pricing of its previous underwritten public offering of $500 million of fixed rate/floating rate senior notes.
Synovus announces senior notes offering
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. today announced an underwritten public offering of senior notes due 2030.
Synovus names Rick Arbuckle as senior director, middle market for wholesale banking
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank recently named Rick Arbuckle as the senior director, middle market for wholesale banking.
Synovus to present at BancAnalysts Association of Boston Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair and Executive Vice President and Chief Financial Officer Jamie Gregory will participate in a...
Synovus Financial Corp. (SNV) Q3 2024 Earnings Call Transcript
Synovus Financial Corp. (NYSE:SNV) Q3 2024 Earnings Conference Call October 17, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of IR Kevin Blair - Chairman, President and CEO Jamie Gregor...
Synovus CEO on Q3 earnings: Able to cut deposit rates in order to maintain and grow margins
Kevin Blair, Synovus CEO, joins 'Money Movers' to discuss Synovus' quarterly earnings results, if rates will give Synovus the runway to operate in this environment, and the paradigm shifts around inte...
Synovus announces earnings for third quarter 2024
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended Sept. 30, 2024.
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Synovus donates $125,000 for Hurricane Helene disaster relief
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus is donating $125,000 to the American Red Cross to support disaster relief efforts for communities impacted by Hurricane Helene.
Synovus names Tommy Flinn as upstate South Carolina market executive
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank has named Tommy Flinn as market executive for upstate South Carolina, covering Greenville and Spartanburg effective Sept. 30.
Synovus to announce third quarter 2024 earnings results
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. will announce third quarter 2024 earnings results.
Synovus promotes Chad Parramore to head of product commercialization
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank promotes Chad Parramore to executive director and head of product commercialization for the bank's treasury and payment solutions team.
Synovus Financial Preferred Attractive After Rate Reset
Synovus Financial Fixed-Rate Reset Non-Cumulative Preferred E offers an 8.507% coupon after resetting, with the next call date and dividend reset in July 2029. Comparative analysis shows it will likel...
Synovus to participate at Barclays Global Financial Services Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus to participate at Barclays Global Financial Services Conference.
Synovus awards Jack Parker Scholarship to 111 students for 2024
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus has awarded 111 college students its Jack Parker Scholarship, totaling $104,000 for 2024.
Synovus names Darron Burnette as president of mortgage
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank has named Darron Burnette as president of Synovus Mortgage, effective July 15.