Synovus Financial Corporation (SNV)

NYSE: SNV · IEX Real-Time Price · USD
38.65
+1.14 (3.04%)
Oct 3, 2022 4:00 PM EDT - Market closed
3.04%
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...]

Industry Banks
Founded 1888
CEO Kessel Stelling
Employees 5,005
Stock Exchange NYSE
Ticker Symbol SNV
Full Company Profile

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 Statements

Analyst 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.

Price Target
$50.14
(29.73% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

1 week ago - Business Wire

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...

1 month ago - Business Wire

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.

1 month ago - Business Wire

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...

1 month ago - Business Wire

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.

2 months ago - Zacks Investment Research

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...

2 months ago - Zacks Investment Research

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.

2 months ago - Zacks Investment Research

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?

2 months ago - Zacks Investment Research

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...

2 months ago - Business Wire

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.

2 months ago - Zacks Investment Research

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.

3 months ago - Business Wire

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...

3 months ago - Business Wire

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.

4 months ago - Zacks Investment Research

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.

5 months ago - Zacks Investment Research

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...

5 months ago - PYMNTS

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?

5 months ago - Zacks Investment Research

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...

5 months ago - Business Wire

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...

Other symbols: ASBHBANKEYSIVB
5 months ago - Zacks Investment Research

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.

5 months ago - Zacks Investment Research

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...

6 months ago - Business Wire

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...

Other symbols: CMAEWBCSBNY
6 months ago - Kiplinger

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...

Other symbols: WFCCFGEWBCMTBSBNYSIVB
6 months ago - Benzinga

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?

6 months ago - Zacks Investment Research

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...

6 months ago - Business Wire

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.

7 months ago - Zacks Investment Research