Synovus Financial Corp. (SNV)
| Market Cap | 6.31B |
| Revenue (ttm) | 1.69B |
| Net Income (ttm) | 239.15M |
| Shares Out | 143.97M |
| EPS (ttm) | 1.63 |
| PE Ratio | 26.86 |
| Forward PE | 10.06 |
| Dividend | $1.52 (3.47%) |
| Ex-Dividend Date | Sep 19, 2024 |
| Volume | 628,225 |
| Open | 44.11 |
| Previous Close | 43.82 |
| Day's Range | 43.67 - 44.46 |
| 52-Week Range | 24.40 - 47.83 |
| Beta | 1.41 |
| Analysts | Buy |
| Price Target | 46.00 (+5.0%) |
| Earnings Date | Oct 16, 2024 |
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 18 analysts, the average rating for SNV stock is "Buy." The 12-month stock price forecast is $46.0, which is an increase of 5.00% from the latest price.
News
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 announces quarterly dividends
COLUMBUS, Ga.--(BUSINESS WIRE)--The board of directors of Synovus Financial Corp. has declared quarterly dividends.
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.
Synovus promotes Blake Thrasher to Tuscaloosa market executive
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank has promoted Blake Thrasher to Tuscaloosa market executive.
Synovus Financial: Switching Preferred Shares On Better Yield Opportunity
Synovus Financial is facing challenges in a high interest rate environment, but its Series E preferred shares offer better opportunity than Series D. Synovus' second quarter earnings showed improvemen...
Synovus Financial Corp. (SNV) Q2 2024 Earnings Call Transcript
Synovus Financial Corp. (NYSE:SNV) Q2 2024 Earnings Conference Call July 18, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of Investor Relations Kevin Blair - Chairman, President and CEO...
Synovus CEO Kevin Blair on Q2 earnings beat
Synovus CEO Kevin Blair joins 'Money Movers' to discuss whether the industry is weathering the storm from the current rate regime, how Synovus would benefit in policy from a Republican administration,...
Synovus announces earnings for second quarter 2024
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2024.
Synovus to announce second quarter 2024 earnings results
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce second quarter 2024 earnings results.
Regional banks can 'earn their way out of risk' from commercial real estate: Janney's Chris Marinac
Chris Marinac, director of equity research at Janney Montgomery Scott, joins CNBC's 'The Exchange' to discuss why he disagrees with Moody's downgrade of some regional banks, how investors can position...
Synovus CEO on Q1 results after earnings miss
Kevin Blair, Synovus CEO, joins 'Money Movers' to discuss if the industry's guidance on net charge-offs is too conservative, what gives investors more confidence in regional banks, and more.
Synovus Financial Corp. (SNV) Q1 2024 Earnings Call Transcript
Synovus Financial Corp. (NYSE:SNV) Q1 2024 Earnings Call Transcript April 18, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of Investor Relations Kevin Blair - Chairman, President and CE...
Synovus announces earnings for the first quarter 2024
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended March 31, 2024.
Synovus Financial Corp. releases 2023 Annual Report
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. has released its 2023 Annual Report, which highlights the company's progress toward its strategic priorities.
Synovus introduces Accelerate Pay for business payments
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus introduces Accelerate Pay for business payments.
Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure
Five smaller U.S. banks with exposure to commercial real estate have been hit with credit-rating outlook downgrades, the latest development threatening to make borrowing more difficult for businesses ...
Synovus to announce first quarter 2024 earnings results
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce first quarter 2024 earnings results.
Synovus Announces Quarterly Dividends
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus announces quarterly dividends.
Synovus Financial: A Lot Of Income Options Here
Synovus Financial Corp. is a provider of commercial and consumer banking services in the United States. Despite the recent decline in net income, Synovus has a strong solvency profile, and its dividen...
Synovus to participate at BofA Securities Financial Services Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair will participate in a fireside chat at the 32nd annual BofA Securities Financial Services Co...
Synovus CEO Kevin Blair: Higher for longer interest rates would be good for us
Synovus CEO Kevin Blair joins 'Money Movers' to discuss the company's quarterly earnings results, when deposit costs will peak in 2024, and more.