Synovus Financial Corporation (SNV)
| Market Cap | 5.62B |
| Revenue (ttm) | 2.07B |
| Net Income (ttm) | 703.10M |
| Shares Out | 145.37M |
| EPS (ttm) | 4.79 |
| PE Ratio | 8.07 |
| Forward PE | 6.93 |
| Dividend | $1.35 (3.49%) |
| Ex-Dividend Date | Sep 14, 2022 |
| Volume | 937,292 |
| Open | 38.00 |
| Previous Close | 37.51 |
| Day's Range | 37.05 - 38.91 |
| 52-Week Range | 34.15 - 54.40 |
| Beta | 1.43 |
| Analysts | Buy |
| Price Target | 50.14 (+29.7%) |
| Earnings Date | Oct 20, 2022 |
About SNV
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company's commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services comprise accepting customary types of demand and savings deposits accoun... [Read more...]
Financial Performance
In 2021, SNV's revenue was $2.09 billion, an increase of 25.54% compared to the previous year's $1.66 billion. Earnings were $760.47 million, an increase of 103.50%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for SNV stock is "Buy." The 12-month stock price forecast is 50.14, which is an increase of 29.73% from the latest price.
News
Synovus to Announce Third Quarter 2022 Results on Oct. 20, 2022
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce third quarter 2022 results on Thursday, Oct. 20, 2022. An earnings press release will be published prior to the earnings...
Synovus Announces Quarterly Dividends
COLUMBUS, Ga.--(BUSINESS WIRE)--The board of directors of Synovus Financial Corp. (NYSE: SNV) has declared the following quarterly dividends: $0.34 per share on the company's common stock, payable on Oc...
Synovus Announces Pricing of $350 Million Senior Notes Offering
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. announced the pricing of its previously-announced underwritten public offering of $350 million of senior notes due 2025.
Synovus Announces Senior Notes Offering
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today announced an underwritten public offering of senior notes due 2025. Synovus intends to use the net proceeds from the offering fo...
Will Synovus (SNV) Gain on Rising Earnings Estimates?
Synovus (SNV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Wall Street Analysts Believe Synovus (SNV) Could Rally 27%: Here's is How to Trade
The mean of analysts' price targets for Synovus (SNV) points to a 26.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in...
Synovus' (SNV) Stock Up on Q2 Earnings Beat, Higher NII
Synovus Financial's (SNV) second-quarter revenues increase year over year. However, a rise in expenses and a fall in fee income hurt.
Synovus Financial (SNV) Q2 Earnings and Revenues Surpass Estimates
Synovus (SNV) delivered earnings and revenue surprises of 6.36% and 0.22%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Synovus Announces Earnings for the Second Quarter 2022
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2022. "We are pleased with our second quarter results and financial me...
Synovus Financial (SNV) Expected to Beat Earnings Estimates: Should You Buy?
Synovus (SNV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Synovus Announces Two Additions to Board of Directors
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) has appointed John H. Irby and Alexandra Villoch to its board of directors, effective July 1, 2022.
Synovus to Announce Second Quarter 2022 Results on July 21, 2022
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce second quarter 2022 results on Thursday, July 21, 2022. An earnings press release will be published prior to the earning...
Balance-Sheet Strength Aids Synovus (SNV) Despite High Costs
Synovus' (SNV) top line should continue to benefit from rising loans and deposits. Yet, continued investments in technology keep the bottom line under pressure.
Synovus (SNV) Q1 Earnings Beat, Revenues Miss, Stock Down 3.7%
Higher revenues, driven by rising NII, support Synovus' (SNV) Q1 results. Shrinking NIM, deposits balance and rising expenses are the undermining factors.
Synovus to Buy 60% of Payments Platform Qualpay
Synovus Bank announced Thursday (April 21) it has agreed to buy a 60% stake in Qualpay, a company whose cloud platform lets merchants and independent software vendors add payment features to software or...
Synovus Financial (SNV) Q1 Earnings Top Estimates
Synovus (SNV) delivered earnings and revenue surprises of 4.85% and 0.45%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Synovus Announces Earnings for the First Quarter 2022
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended March 31, 2022. “Performance during the first quarter reflects strong execution...
Banks' Q1 Earnings Due on Apr 21: KEY, SIVB, HBAN, SNV & ASB
Higher loan balance and rise in net interest income are expected to have offered some support to Q1 earnings of KEY, SIVB, HBAN, SNV and ASB. Yet, lower fee income due to a tough operating backdrop is l...
Analysts Estimate Synovus Financial (SNV) to Report a Decline in Earnings: What to Look Out for
Synovus (SNV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Synovus to Announce First Quarter 2022 Results on April 21, 2022
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce first quarter 2022 results on Thursday, April 21, 2022. An earnings press release will be published prior to the earning...
4 Regional Bank Stocks Rooting for More Rate Hikes
The Federal Reserve recently announced a much-anticipated hike in interest rates – a 25-basis-point uptick that's expected to be just the first of several this year. The Fed's hawkishness is largely exp...
How To Play Bank Stocks Now That Interest Rates Are Rising
Bank stocks have underperformed since Russia launched its invasion of Ukraine in late February. Despite the recent weakness, Bank of America analyst Ebrahim Poonawala said this week the interest rate en...
Synovus (SNV) Rewards Shareholders With 3% Dividend Hike
Synovus (SNV) announces a 3% sequential hike in its quarterly cash dividend. Should you consider holding the stock in your portfolio based on dividend income?
Synovus to Present at Raymond James Institutional Investors Conference on March 8
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) President and CEO Kevin Blair will deliver a presentation at the Raymond James Institutional Investors Conference in Orlando on Tuesda...
Synovus' (SNV) Organic Growth Profile Aids, Rising Costs Ail
Despite bearing a concentrated loan portfolio, Synovus (SNV) is worth holding on to in your portfolio owing to its strategic initiatives and improving organic growth.